Horace Mann School
Horace Mann School maintains strong financial health with growing assets and consistent revenue, reporting no direct officer compensation.
EIN: 131740455 · Bronx, NY · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $207.4M |
| Total Expenses | $117.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $327.1M |
| Transparency Score | 85/100 |
Is Horace Mann School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horace Mann School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horace Mann School
Horace Mann School (EIN: 131740455) is a nonprofit organization based in Bronx, NY, classified under NTEE code B200. The organization reported total revenue of $207.4M and total assets of $512.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horace Mann School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horace Mann School is a major nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134.4M |
| Total Expenses | $117.5M |
| Surplus / Deficit | +$16.9M |
| Total Assets | $472.3M |
| Total Liabilities | $145.2M |
| Net Assets | $327.1M |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 30.7% |
| Months of Reserves | 48.3 months |
Financial Health Grade: A
In 2023, Horace Mann School reported a surplus of $16.9M with revenue exceeding expenses, holds 48.3 months of operating reserves (strong position), has a debt-to-asset ratio of 30.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horace Mann School's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | -0.2% | +4.5% |
| 2022 | -3.1% | +1.5% | -5.1% |
| 2021 | +19.6% | +5.8% | +15.5% |
| 2020 | -12.3% | +2.4% | -0.4% |
| 2019 | +11.6% | +10.2% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horace Mann School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Horace Mann School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with annual expenses exceeding $100 million. This suggests that executive compensation may be reported under different categories or paid by a related entity, warranting further inquiry for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horace Mann School's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Horace Mann School:
- Strong and consistent financial health with growing assets, from $260,908,470 in 2014 to $472,300,215 in 2023.
- Consistent operating surpluses, with revenues generally exceeding expenses (e.g., $134M revenue vs. $117M expenses in 2023).
- Significant asset base of over $512 million, providing financial stability and capacity.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Horace Mann School
Is Horace Mann School a legitimate charity?
Based on AI analysis of IRS 990 filings, Horace Mann School (EIN: 131740455) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Horace Mann School spend its money?
Horace Mann School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horace Mann School tax-deductible?
Horace Mann School is registered as a tax-exempt nonprofit (EIN: 131740455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horace Mann School CEO make?
Horace Mann School's highest-compensated officer earns $100 annually. The organization reported $207.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horace Mann School's spending goes to programs?
Horace Mann School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horace Mann School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horace Mann School is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horace Mann School located?
Horace Mann School is headquartered in Bronx, New York and files with the IRS under EIN 131740455. It is classified under NTEE code B200.
How many years of IRS 990 filings does Horace Mann School have?
Horace Mann School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $207.4M in total revenue.
How does Horace Mann School manage to report 0% officer compensation despite its significant size and operations?
The consistent reporting of 0% officer compensation across all filings suggests that executive compensation might be structured differently, such as through a related entity, or included within other expense categories not specifically identified as 'officer compensation' on the 990 form. This warrants further investigation into the school's compensation policies and organizational structure.
What is the primary source of Horace Mann School's revenue, given its NTEE code for elementary/secondary education?
While the NTEE code B200 indicates elementary/secondary education, the filings show substantial and consistent revenue, which for a school of this type typically comes from tuition, donations, and endowment returns. A detailed look at the full 990 would specify the breakdown of these revenue streams.
How has Horace Mann School managed to grow its assets from $260 million to over $472 million in a decade?
The significant growth in assets from $260,908,470 in 2014 to $472,300,215 in 2023 is likely due to a combination of consistent operating surpluses (revenues exceeding expenses), successful fundraising campaigns, and potentially strong investment returns on its endowment.
Filing History
IRS 990 filing history for Horace Mann School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horace Mann School's revenue has grown by 68.2%, moving from $79.9M to $134.4M. Total assets increased by 102.6% over the same period, from $233.1M to $472.3M. Total functional expenses rose by 59.1%, from $73.8M to $117.5M. In its most recent filing year (2023), Horace Mann School reported a surplus of $16.9M, with revenue exceeding expenses. The organization holds $145.2M in liabilities against $472.3M in assets (debt-to-asset ratio: 30.7%), resulting in net assets of $327.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134.4M | $117.5M | $472.3M | $145.2M | — | View 990 |
| 2022 | $133.0M | $117.7M | $451.8M | $162.2M | — | View 990 |
| 2021 | $137.2M | $116.0M | $475.8M | $196.3M | — | View 990 |
| 2020 | $114.8M | $109.6M | $412.0M | $164.9M | — | View 990 |
| 2019 | $130.9M | $107.0M | $413.8M | $169.4M | — | View 990 |
| 2018 | $117.3M | $97.1M | $412.0M | $177.8M | — | View 990 |
| 2017 | $120.6M | $92.5M | $332.2M | $128.6M | — | View 990 |
| 2016 | $118.1M | $91.2M | $289.3M | $128.9M | — | View 990 |
| 2015 | $96.1M | $88.4M | $271.1M | $127.8M | — | View 990 |
| 2014 | $87.5M | $84.1M | $260.9M | $117.7M | — | View 990 |
| 2013 | $84.1M | $81.1M | $242.8M | $110.2M | — | View 990 |
| 2012 | $76.8M | $77.1M | $234.3M | $109.2M | — | View 990 |
| 2011 | $79.9M | $73.8M | $233.1M | $103.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134.4M, expenses of $117.5M, and assets of $472.3M (revenue +1.1% year-over-year).
- 2022: Revenue of $133.0M, expenses of $117.7M, and assets of $451.8M (revenue -3.1% year-over-year).
- 2021: Revenue of $137.2M, expenses of $116.0M, and assets of $475.8M (revenue +19.6% year-over-year).
- 2020: Revenue of $114.8M, expenses of $109.6M, and assets of $412.0M (revenue -12.3% year-over-year).
- 2019: Revenue of $130.9M, expenses of $107.0M, and assets of $413.8M (revenue +11.6% year-over-year).
- 2018: Revenue of $117.3M, expenses of $97.1M, and assets of $412.0M (revenue -2.7% year-over-year).
- 2017: Revenue of $120.6M, expenses of $92.5M, and assets of $332.2M (revenue +2.1% year-over-year).
- 2016: Revenue of $118.1M, expenses of $91.2M, and assets of $289.3M (revenue +22.9% year-over-year).
- 2015: Revenue of $96.1M, expenses of $88.4M, and assets of $271.1M (revenue +9.9% year-over-year).
- 2014: Revenue of $87.5M, expenses of $84.1M, and assets of $260.9M (revenue +4.0% year-over-year).
- 2013: Revenue of $84.1M, expenses of $81.1M, and assets of $242.8M (revenue +9.5% year-over-year).
- 2012: Revenue of $76.8M, expenses of $77.1M, and assets of $234.3M (revenue -3.9% year-over-year).
- 2011: Revenue of $79.9M, expenses of $73.8M, and assets of $233.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horace Mann School:
Data Sources and Methodology
This transparency report for Horace Mann School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.