Henderson Collegiate
Henderson Collegiate reported $18.3 million in revenue and $21.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.57 went to program services, $17.43 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.4% of the total. Government grants made up 92.9%. The highest compensation it reported for one person was $151,115 (CHIEF EXECUTIVE OFFICER & NON-VOTING BOARD MEMBER). 4 people received more than $100,000 in reportable compensation. Revenue rose 43% 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 $21MFor 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 $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 92.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $151,115 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.72% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 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 expenseHighest 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER & NON-VOTING BOARD MEMBER Officer, 40.00 hrs/week | $151,115 | $0 | $0 | $151,115 |
| CHIEF ACADEMIC OFFICER & NON-VOTING BOARD MEMBER Officer, 40.00 hrs/week | $118,027 | $0 | $0 | $118,027 |
| PRINCIPAL COACH Highest compensated employee, 40.00 hrs/week | $108,621 | $0 | $0 | $108,621 |
| CHIEF OF STAFF Highest compensated employee, 40.00 hrs/week | $104,931 | $0 | $0 | $104,931 |
4 people received more than $100,000 in reportable compensation from Henderson Collegiate (Part VII, line 2). Compensation of current officers, directors and key employees totaled $269K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 26No
- 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 5229
- Volunteers Part I, line 630
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TODMAN & TODMAN LLC Custodial | $218,280 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Henderson Collegiate totaling $111 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 Henderson Collegiate's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Henderson Collegiate, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Henderson Collegiate spent in FY2025, $82.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Jacksonville Classical AcademyJacksonville, FL · revenue $18M · programs 93.4% · FY2025
- DeafleadColumbia, MO · revenue $18M · programs 93.0% · FY2025
- Edmund Burke SchoolWashington, DC · revenue $18M · programs 75.8% · FY2025
- Almaden Country Day SchoolSan Jose, CA · revenue $18M · programs 77.7% · FY2025
- The Galileo School FoundationSanford, FL · revenue $18M · programs 96.9% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Henderson Collegiate's spending goes to programs?
In the fiscal year ending June 30, 2025, Henderson Collegiate reported that 82.6% of its $21.0 million in expenses went to program services, 17.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Henderson Collegiate pay its top executive?
The largest total compensation Henderson Collegiate reported for one person in the fiscal year ending June 30, 2025 was $151,115, for the role of CHIEF EXECUTIVE OFFICER & NON-VOTING BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Henderson Collegiate get its money?
Of $18.3 million in revenue in the fiscal year ending June 30, 2025, 97.4% came from contributions and grants (including 92.9% from government grants) and 1.0% from program service revenue (Form 990, Part VIII).
Is Henderson Collegiate a registered charity?
The IRS lists EIN 26-4206516 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 202641329349301919 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531749349301053 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349307975 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349310549 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210979349300121 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131359349301228 · read the filing
All filings for EIN 26-4206516: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.