Civic Intelligence

Horace Mann School

990 • Fiscal year 2014 • EIN 13-1740455

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

231 West 246th StreetBronx, NY 10471

(718) 432-3420

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.45x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

1.35x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

38th percentile

3.9%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

44th percentile

$731,951

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

54th percentile

7.5%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

4.0%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$260,908,470

Up $18,139,641 (+7.5%) from 2013

Net Assets

Up

$143,193,597

Up $10,639,682 (+8.0%) from 2013

Liabilities

Up

$117,714,873

Up $7,499,959 (+6.8%) from 2013

Revenue

Up

$87,514,688

Up $3,383,441 (+4.0%) from 2013

Expenses

Up

$84,121,230

Up $3,029,098 (+3.7%) from 2013

Net Income

Up

$3,393,458

Up $354,343 (+12%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2011: $233,065,791Liabilities 2011: $103,621,444Net Assets 2011: $129,444,3472011Assets 2012: $234,333,293Liabilities 2012: $109,212,554Net Assets 2012: $125,120,7392012Assets 2013: $242,768,829Liabilities 2013: $110,214,914Net Assets 2013: $132,553,9152013Assets 2014: $260,908,470Liabilities 2014: $117,714,873Net Assets 2014: $143,193,5972014Assets 2015: $271,056,107Liabilities 2015: $127,757,937Net Assets 2015: $143,298,1702015Assets 2016: $289,333,790Liabilities 2016: $128,855,090Net Assets 2016: $160,478,7002016Assets 2017: $332,206,555Liabilities 2017: $128,585,654Net Assets 2017: $203,620,9012017Assets 2018: $412,043,161Liabilities 2018: $177,800,804Net Assets 2018: $234,242,3572018Assets 2019: $413,821,196Liabilities 2019: $169,377,646Net Assets 2019: $244,443,5502019Assets 2020: $411,987,049Liabilities 2020: $164,934,013Net Assets 2020: $247,053,0362020Assets 2021: $475,824,158Liabilities 2021: $196,299,550Net Assets 2021: $279,524,6082021Assets 2022: $451,755,876Liabilities 2022: $162,167,598Net Assets 2022: $289,588,2782022Assets 2023: $472,300,215Liabilities 2023: $145,216,812Net Assets 2023: $327,083,4032023Assets 2024: $512,054,660Liabilities 2024: $143,960,240Net Assets 2024: $368,094,4202024

Highlighted filing

2014

Assets$260,908,470
Liabilities$117,714,873
Net Assets$143,193,597

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2011: $73,844,3322011Expenses 2012: $77,064,1862012Revenue 2013: $84,131,247Expenses 2013: $81,092,132Net Income 2013: $3,039,1152013Revenue 2014: $87,514,688Expenses 2014: $84,121,230Net Income 2014: $3,393,4582014Revenue 2015: $96,138,498Expenses 2015: $88,380,518Net Income 2015: $7,757,9802015Revenue 2016: $118,149,873Expenses 2016: $91,160,307Net Income 2016: $26,989,5662016Revenue 2017: $120,594,741Expenses 2017: $92,455,459Net Income 2017: $28,139,2822017Revenue 2018: $117,287,601Expenses 2018: $97,131,717Net Income 2018: $20,155,8842018Revenue 2019: $130,941,444Expenses 2019: $107,046,131Net Income 2019: $23,895,3132019Revenue 2020: $114,795,176Expenses 2020: $109,587,223Net Income 2020: $5,207,9532020Revenue 2021: $137,244,948Expenses 2021: $115,974,463Net Income 2021: $21,270,4852021Revenue 2022: $132,964,444Expenses 2022: $117,736,186Net Income 2022: $15,228,2582022Revenue 2023: $134,391,895Expenses 2023: $117,456,606Net Income 2023: $16,935,2892023Revenue 2024: $144,942,370Expenses 2024: $124,599,171Net Income 2024: $20,343,1992024

Highlighted filing

2014

Revenue$87,514,688
Expenses$84,121,230
Net Income$3,393,458
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$99,934,392
Mission and Program Overview

Mission

The horace mann school seeks to educate and nurture its students and helps them fulfill their potential. The school provides a challenging and rigorous set of academic and extracurricular programs within a caring and supportive environment. Students are encouraged to test and learn about themselves, to develop a concern for others, and to grow intellectually, physically, socially and emotionally. The school seeks to foster a capacity in each individual for clear and creative thought. The school encourages students to understand that learning is a lifelong endeavor valuable in itself. The horace mann school seeks a diverse student body and fosters a respect for individual and cultural differences. As a college preparatory school, horace mann emphasizes liberal arts and prepares its students for leadership in variety of fields and endeavors. To accomplish this task, the school offers programs and activities which encourage excellence and also maintains an outstanding faculty.

The horace mann school seeks to educate and nurture its students and helps them fulfill their potential. The school provides a challenging and rigorous set of academic and extracurricular programs within a caring and supportive environment. Students are encouraged to test and learn about themselves, to develop a concern for others, and to grow intellectually, physically, socially and emotionally. The school seeks to foster a capacity in each individual for clear and creative thought. The school encourages students to understand that learning is a lifelong endeavor valuable in itself. The horace mann school seeks a diverse student body and fosters a respect for individual and cultural differences.as a college preparatory school, horace mann emphasizes liberal arts and prepares its students for leadership in variety of fields and endeavors. To accomplish this task, the school offers programs and activities which encourage exellence and also maintains an outstanding faculty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$101,683,654$100,692,894▼ $990,760
Investments Other Securities$60,883,627$72,122,149▲ $11,238,522
Investments in Publicly Traded Securities$64,126,538$67,948,906▲ $3,822,368
Savings and Temporary Cash Investments$9,771,238$14,209,623▲ $4,438,385
Cash and Non-Interest-Bearing Accounts$291,152$2,858,308▲ $2,567,156
Prepaid Expenses and Deferred Charges$1,369,603$1,112,937▼ $256,666
Accounts Receivable$2,773,744$690,384▼ $2,083,360
Pledges and Grants Receivable$1,139,236$601,036▼ $538,200
Inventories for Sale or Use$48,639$60,779▲ $12,140
Total Assets$242,768,829$260,908,470▲ $18,139,641
Other Assets Total$681,398$611,454▼ $69,944
Liabilities
Deferred Revenue$39,248,884$43,735,941▲ $4,487,057
Tax Exempt Bond Liabilities$39,695,000$38,195,000▼ $1,500,000
Other Liabilities$24,547,157$29,142,578▲ $4,595,421
Accounts Payable and Accrued Expenses$6,723,873$6,641,354▼ $82,519
Total Liabilities$110,214,914$117,714,873▲ $7,499,959
Net Assets / Fund Balance
Unrestricted Net Assets$97,861,356$105,132,550▲ $7,271,194
Permanently Rstr Net Assets$20,597,493$21,072,814▲ $475,321
Temporarily Rstr Net Assets$14,095,066$16,988,233▲ $2,893,167
Total Net Assets Fund Balance$132,553,915$143,193,597▲ $10,639,682
Total Liabilities and Net Assets / Fund Balance$242,768,829$260,908,470▲ $18,139,641

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$82,736,625$44,223,080$126,959,705
Equipment$5,307,903$5,186,123$10,494,026
Other Land Buildings$5,494,263$2,851,540$8,345,803
Land$7,154,103-$7,154,103
Other Securities$72,056,149--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$22,899,331$475,321▲ $2,671,736$320,030$25,106,177
2012$21,266,497$261,717▲ $2,225,880$334,725$22,899,331
2011$22,634,519$136,742▼ $788,584$250,837$21,266,497
2010$31,793,408$1,346,028▲ $2,304,516$7,751,454$22,634,519
2009$29,807,379$972,078▲ $2,325,083$668,344$31,793,408
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas KellyHead of SchoolFT$688,676$43,275$731,951
Edward L Sinclair JrCFOFT$383,275$40,858$424,133
Lisa MoreiraDirector of AdmissionsFT$201,989$85,244$287,233
David SchillerHead of Upper DivisionFT$226,563$37,755$264,318
Glenn SherrattDirector John Dorr NatureFT$234,375$28,066$262,441
Canh OxelsonDirector Coll. PlacementFT$245,297$10,221$255,518
Robin IngramHead of Middle DivisionFT$209,848$42,975$252,823
John YeagerDirector of Maint & SecurityFT$215,727$34,566$250,293
Robert AnnunziataDirector of Athletics & SummerFT$198,797$41,504$240,301
Mitch FrancisRegistrarFT$201,487$38,780$240,267
Wendy SteinthalHead of Lower DivisionFT$207,373$30,809$238,182
Adam KennerDirector of TechnologyFT$190,066$41,245$231,311
Marcia LevyHead of Nursery YearsFT$183,027$40,517$223,544
Denna NeuwurthAsst Head Lower DvFT$153,389$65,952$219,341
Melissa ParentoDirector of DevelopmentFT$177,461$39,765$217,226
Patricia ZuroskiDirector DiversityFT$185,208$29,217$214,425
Susan DelantyDean of StudentsFT$161,774$52,343$214,117

Highest Paid Contractors

ContractorServicesLocationCompensation
Flik International CorpFood Service-$5,012,655
Schulte Roth & Zabel LLPLegal Service-$2,674,683
Lucadamo & Sons INCLandscaping-$650,735
A&a Maintenance EnterpriseCleaning Service-$615,349
Supertrans Ny INCStudent Transport-$612,124
Revenue and Support

Revenue Composition

Contributions and Grants
$7,831,191
Program Service Revenue
$76,130,327
Investment Income
$3,370,863
Other Revenue
$182,307
All Other Contributions
$6,552,741
Change in Net Assets
$3,393,458

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded20$393,604Selling Price
Other Non Cash Contri Table200$199,399Market Value
Total Noncash Contributions220$593,003-

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,163,706
Revenue Not Reported on Financial Statements
$9,350,982
Revenue Not Reported on Form 990
$12,418,231
Other Revenue Adjustments
$9,240,829
Total Revenue per Audited Statements
$90,581,937
Total Revenue per Form 990
$87,514,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$51,588,421
Other Expenses$23,291,980
Grants and Similar Amounts Paid$9,240,829
Total Fundraising Expense$2,003,207
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,108,252$1,275,027$641,631$35,024,910
Grants to Domestic Individuals$9,240,829--$9,240,829
Other Employee Benefits$6,908,669$405,044$144,462$7,458,175
Depreciation Depletion$5,533,911--$5,533,911
Occupancy$4,105,760$489,261$220,876$4,815,897
Current Officers, Directors, Trustees, and Key Employees$2,610,464$931,415$235,247$3,777,126
Office Expenses$2,098,246$858,808$65,447$3,022,501
Pension Plan Contributions$2,598,555$130,998$45,999$2,775,552
Payroll Taxes$2,354,329$142,766$55,563$2,552,658
Interest$1,909,750--$1,909,750
All Other Expenses$844,788$483,163$126,625$1,454,576
Information Technology$1,164,867--$1,164,867
Conferences and Meetings$128,241$559,650$1,781$689,672
Insurance-$549,684-$549,684
Fees for Services Legal-$496,066-$496,066
Other Expenses$809,451-$454,379$454,379
Fees for Services Other$209,284$157,280$11,197$377,761
Travel$184,095$20,121-$204,216
Fees for Service Investment Mgmnt Fees-$110,153-$110,153
Fees for Services Accounting-$87,050-$87,050
Total Functional Expenses$75,421,537$6,696,486$2,003,207$84,121,230

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$84,121,230
Total Expenses per Audited Statements$75,093,925
Expenses per Audited Statements$74,770,248
Expenses Not Reported on Financial Statements$9,350,982
Other Expense Adjustments$9,240,829
Expenses Not Reported on Form 990$323,677
International Activity

International Summary

Offices
0
Employees
0
Spending
$7,200,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Cayman IslandsInvestments---$7,200,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$493,984
Fundraising Direct Expenses$308,691
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$591,483$307,200$32,943$274,257
Event 2$20,176$20,176$5,656$14,520
Total Events$778,267$493,984$308,691$185,293
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Employee Benefits$28,500,442
Other Liabilities$642,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The entire form 990 was reviewed by the cfo. The form 990 with the exception of schedule b (schedule of contributions)was reviewed by the audit committee prior to filing.

Form 990, Part VI, Section B, Line 12C

The assistant to the cfo, in conjunction with the audit committee, annually obtains copies of all of the signed conflict of interest policies. In addition to the voting board members, conflict of interest and confidentiality statements are also annually signed by members of the administrative council who are key employees. If at any time during his or her term of service, a trustee or an officer has any interest which may pose a conflict of interest,he or she shall promptly disclose the material facts of that interest in writing to the chair of the board and chair of the audit committee of the board. When any matter in which a trustee or an officer has an interest comes before the board or any committee of the board for decision or approval, that interest shall be immediately disclosed to the board or the committee by that trustee or officer, and the trustee or officer shall recuse himself/herself from any discussion and/or vote relating thereto.

Form 990, Part VI, Section B, Line 15

During the annual budget process, the executive committee acting as the compensation committee, reviews relevant comparable compensation data and formally meets and approves recommended compensation for officers and key employees. They document this review contemporaneously. This process was last performed in may 2013.

Form 990, Part VI, Section C, Line 19

The organization does not make these documents public other than to the board of trustees.

Filing and Contact Details

Filer

EIN
13-1740455
Phone
7184323420

Signing Officer

Name
Edward Levy
Title
Treasurer
Phone
7184323420
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Levy
Formed
1887
Legal Domicile
Ny
Voting Board Members
33
Independent Board Members
33
Employees
630
Volunteers
100

Preparer

Preparer
Israel Tannenbaum
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Post retierment benefit adjustment -3,326,852. Settlement costs -1,380,131. Bad debt loss -137,000. Change in value of split interest agreement -4,347.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year

Financial Statement Notes

PART II, LINE 9:

The organization carries the value on the balance sheet at the appraised value at the date of gift net of easement.

PART V, LINE 4:

The net investment income generated from the invested endowment funds is used at the rate of 4.5% per year to support the programs and the facilities of the school. Uses include financial aid to enrolled students, school libraries, maintenance of facilities and faculty enrichment.

PART X, LINE 2:

The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2011 and subsequent remain subject to examination by applicable taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 14,986. Special event expenses 308,691.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 9,240,829.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct cost of special events 308,691. Rental expense 14,986.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 9,240,829.

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IRS990/ActivityOrMissionDesc0THE HORACE MANN SCHOOL SEEKS TO EDUCATE AND NURTURE ITS STUDENTS AND HELPS THEM FULFILL THEIR POTENTIAL. THE SCHOOL PROVIDES A CHALLENGING AND RIGOROUS SET OF ACADEMIC AND EXTRACURRICULAR PROGRAMS WITHIN A CARING AND SUPPORTIVE ENVIRONMENT. STUDENTS ARE ENCOURAGED TO TEST AND LEARN ABOUT THEMSELVES, TO DEVELOP A CONCERN FOR OTHERS, AND TO GROW INTELLECTUALLY, PHYSICALLY, SOCIALLY AND EMOTIONALLY. THE SCHOOL SEEKS TO FOSTER A CAPACITY IN EACH INDIVIDUAL FOR CLEAR AND CREATIVE THOUGHT. THE SCHOOL ENCOURAGES STUDENTS TO UNDERSTAND THAT LEARNING IS A LIFELONG ENDEAVOR VALUABLE IN ITSELF. THE HORACE MANN SCHOOL SEEKS A DIVERSE STUDENT BODY AND FOSTERS A RESPECT FOR INDIVIDUAL AND CULTURAL DIFFERENCES.AS A COLLEGE PREPARATORY SCHOOL, HORACE MANN EMPHASIZES LIBERAL ARTS AND PREPARES ITS STUDENTS FOR LEADERSHIP IN VARIETY OF FIELDS AND ENDEAVORS. TO ACCOMPLISH THIS TASK, THE SCHOOL OFFERS PROGRAMS AND ACTIVITIES WHICH ENCOURAGE EXELLENCE AND ALSO MAINTAINS AN OUTSTANDING FACULTY.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$512$144$368$145$125$20.3
2023Detailed filing. Detailed filing data is available for this year.$472$145$327$134$117$16.9
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$452$162$290$133$118$15.2
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$476$196$280$137$116$21.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$412$165$247$115$110$5.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$414$169$244$131$107$23.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$412$178$234$117$97.1$20.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$332$129$204$121$92.5$28.1
2016Detailed filing. Detailed filing data is available for this year.$289$129$160$118$91.2$27.0
2015Detailed filing. Detailed filing data is available for this year.$271$128$143$96.1$88.4$7.76
2014Detailed filing. Detailed filing data is available for this year.$261$118$143$87.5$84.1$3.39
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$243$110$133$84.1$81.1$3.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$234$109$125$77.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$104$129$73.8
Peer Organizations

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