Herron High School

Also known as Herron Classical Schools

Indianapolis, IN · EIN 20-2010941 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Herron High School reported $30.0 million in revenue and $26.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.21 went to program services, $9.49 to management and general costs and $2.30 to fundraising. Its largest source of revenue was contributions and grants: 97.4% of the total. Government grants made up 93.4%. The highest compensation it reported for one person was $227,606 (PRESIDENT). 7 people received more than $100,000 in reportable compensation. Revenue rose 133% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $26M

Program services$88.21 $23M
Management & general$9.49 $2.5M
Fundraising$2.30 $601K

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30M

Contributions & grants (non-government)$3.97 $1.2M
Government grants$93.43 $28M
Program service revenue$1.52 $455K
Investment income$0.22 $66,588
Other revenue$0.86 $260K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	88.2%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	9.5%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	2.3%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.02	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	97.4%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	93.4%	1.1%
Program service revenue share Part VIII 2g ÷ 12	1.5%	69.9%
Highest reported compensation Part VII-A, columns D–F	$227,606	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.87%	1.28%
People paid over $100,000 Part VII, line 2	7	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	9.9	13.3
Independent voting board members Part VI 1a–1b	14 of 14	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$23M expenses · 100.0% of program spending · revenue $721K

Herron High School, inc. (d/b/a herron classical schools) is a network of charter schools, operating Herron High School, herron-riverside High School, and herron preparatory academy. Herron classical schools provides public, k-12 education through a classical, liberal arts curriculum. Hcs' curriculum is structured around a historical timeline which emphasizes the classic art and literature of many cultures. For the 2024-2025 school year, the schools served over 1,750 students during the academic year

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT Officer, 40.00 hrs/week	$211,433	$0	$16,173	$227,606
HEAD OF SCHOOL, HERRON HIGH SCHOOL Highest compensated employee, 40.00 hrs/week	$140,935	$0	$21,411	$162,346
HEAD OF SCHOOL, HERRON-RIVERSIDE HIGH SCHOOL Highest compensated employee, 40.00 hrs/week	$126,123	$0	$27,536	$153,659
CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week	$121,735	$0	$28,142	$149,877
SR VICE PRESIDENT, ACADEMICS AFFAIRS Highest compensated employee, 40.00 hrs/week	$128,775	$0	$20,422	$149,197
HEAD OF SCHOOL, HERRON PREPARATORY ACADEMY Highest compensated employee, 40.00 hrs/week	$119,900	$0	$12,767	$132,667
VICE PRESIDENT, OPERATIONS Highest compensated employee, 40.00 hrs/week	$105,690	$0	$26,162	$131,852

7 people received more than $100,000 in reportable compensation from Herron High School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $380K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$30M	$26M	88.2%	$22M	$227,606
FY2024 ⓘ	$25M	$26M	87.0%	$17M	$228,024
FY2023 ⓘ	$25M	$22M	83.3%	$17M	$150,380
FY2022 ⓘ	$22M	$18M	86.4%	$14M	$180,577
FY2021 ⓘ	$15M	$14M	86.1%	$10M	$171,826
FY2020 ⓘ	$13M	$13M	86.7%	$8.5M	$154,741

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26Yes
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5281
Volunteers Part I, line 652

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

BLAQWIRE AV LLC Technology installation and services	$151,547
HAHN PSYCHOLOGICAL SERVICES Psychological services for special educa	$110,190

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

5 private foundations reported grants to Herron High School totaling $77,500 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Herron High School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Herron High School, you can publish a response that is linked from this page.

Report a correction Respond as Herron High School How this works

Similar-sized charities in this cause

Lake Norman Charter School
Huntersville, NC · revenue $30M · programs 91.9% · FY2025
Christian Academy of Louisville
Louisville, KY · revenue $30M · programs 77.3% · FY2025
Aspira Bilingual Cyber Charter School an Aspira Inc. of Pennsylvania School
Philadelphia, PA · revenue $30M · programs 87.6% · FY2025
Bluffton University
Bluffton, OH · revenue $30M · programs 91.4% · FY2025
The Allen-Stevenson School
New York, NY · revenue $30M · programs 79.9% · FY2025

All education charities · Largest charities in Indiana

Questions people ask

How much of Herron High School's spending goes to programs?

In the fiscal year ending June 30, 2025, Herron High School reported that 88.2% of its $26.1 million in expenses went to program services, 9.5% to management and general and 2.3% to fundraising (Form 990, Part IX).

How much does Herron High School pay its top executive?

The largest total compensation Herron High School reported for one person in the fiscal year ending June 30, 2025 was $227,606, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Herron High School get its money?

Of $30.0 million in revenue in the fiscal year ending June 30, 2025, 97.4% came from contributions and grants (including 93.4% from government grants) and 1.5% from program service revenue (Form 990, Part VIII).

Is Herron High School a registered charity?

The IRS lists EIN 20-2010941 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601149349300515 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349303305 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349304104 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349305856 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349310450 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349304320 · read the filing

All filings for EIN 20-2010941: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.