Herron Classical Schools
Diverse. Tuition-Free. College Prep.
Herron Classical Schools
EIN: 20-2010941
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Tuition-free, award-winning, public school education
HCS is founded on the belief that a classical, liberal arts education, where students are steeped in great historical thought and invention, is the best preparation for a future life of leadership and service. HCS is structured around an art history timeline which emphasizes the classic art and literature of many cultures.
Where we work
External reviews

Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Total dollar amount of scholarship awarded
This metric is no longer tracked.Totals By Year
Related Program
Tuition-free, award-winning, public school education
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
The graduation rate for HHS Class of '20 is over 99% | 100% of graduates pursuing post- secondary education or military service are accepted | Scholars earned $16.7 million in college scholarships.
Number of administrators and staff who plan and experience professional development activities together
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
The school affirms respect for the profession by fostering high quality teaching through rich opportunities for professional development.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Herron Classical Schools will be a leader in educating a diverse student population through a Classical, liberal arts model, ensuring that all of our students graduate with the opportunity to live a life of choice.
Herron Classical Schools will play a leading role in creating an education ecosystem locally that values diversity in all respects. As a leading Classical, liberal arts education high school, our students and graduates will think critically, engage in respectful and meaningful dialogue, and value diversity in their community.
We will be the model for how public schools can impact their neighborhoods and the city at large.
Our schools:
Believe that every student is a scholar
Engage in an urban community
Advance timeless ideas and content
Build a culture of respect and trust through relationships with people and ideas
Serve as a catalyst for renewal
What are the organization's key strategies for making this happen?
Through an integrated curriculum and classical methodology, Herron Classical Schools believes all students can learn to think logically, express themselves creatively, appreciate aesthetics fully, and approach any subject intelligently.
The academic programs of the schools are designed to challenge every student to achieve on or above grade level performance in all academic subjects. While students may enter below grade level in many areas, the schools are prepared for the challenge of equipping students with the knowledge, skills, and habits necessary for success in an academically rigorous college preparatory high school.
Herron Classical School's curriculum is structured around a historical timeline which emphasizes the classic art and literature of many cultures. Presented through the lens of science, mathematics, and humanities, this unique approach to the organization of knowledge provides a means to integrate subjects, and leads students on a journey through the earliest human history right up to modern examples of human creativity.
Herron Classical School's classical methodology relies on Socratic dialogue and the classical model of education called the Trivium as its academic corner stone. The three phases of the Trivium include:
Grammar – In this phase students acquire fundamental knowledge in all disciplines.
Logic– As students become world-class citizens, they learn how to reason and debate. Students apply their knowledge as they discern and evaluate, compare and contrast, and discover cause and effect relationships in any given subject.
Rhetoric – As students progress through the Trivium, they learn to apply the rules of logic to the information they have acquired. Students learn to think rationally and articulate ideas effectively.
What are the organization's capabilities for doing this?
Herron Classical Schools success is fueled by an exceptional faculty, many of whom grow into teacher leaders.
The leadership has remained consistent, with three members of the executive team having been at the school since its founding.
More than half of Herron Classical Schools faculty members hold master’s degrees or higher.
Every Friday, faculty members engage in an hour and a half of professional development to improve in their craft. This amounts to more than 300 hours of professional development every year.
The school’s faculty includes two Woodrow Wilson MBA Fellowship in Educational Leadership graduates and three who are currently enrolled in the highly prestigious program, which offers a unique and innovative approach to developing new school leaders by training them in business practices and education leadership.
What have they accomplished so far and what's next?
2021 - Herron Preparatory Academy (HPA) opens. Herron Classical Schools (HCS) emerges.
2020 - Herron High School awarded the National Blue-Ribbon School Award as an Exemplary High Performing School.
2019 - 2020 Herron-Riverside High School receives an “A” grade on the Indiana Department of Education accountability report card.
2019 - 2020 The combined ISTEP+ pass rate for Herron High School and Herron-Riverside High School scholars are the highest and third-highest of all high schools in Marion County.
2019 - Ranked as the #5 public high school in Indiana according to US News and World Report, ahead of all of other central Indiana high schools. (HHS)
2019 - Herron-Riverside High School students outperform the national average for growth on standardized assessments by 500 percent.
2017 - Herron-Riverside High School (RHS) opens. Indianapolis Classical Schools (ICS) emerges.
2014- 2018 - Designated a Gold Medal School by US News and World Report magazine. (HHS)
2014 - Presented with Institute for Quality Education’s “Quality Matters” award for excellence in education. (HHS)
2012-18 - Ranked among the top 1 percent of high schools nationwide by Newsweek, US News and World Report and The Washington Post. (HHS)
2012-20 - Herron High School receives an “A” grade on the Indiana Department of Education accountability report card.
2011 - Ranked #2 in Indiana and #208 overall in the nation in The Washington Post’s “High School Challenge Index.” (HHS)
2010 - Honored with the NUVO Cultural Vision Award for outstanding contributions to the community for new ideas, original work and fresh solutions for stubborn problems in urban education. (HHS)
2010 - Ranked #27 in the nation on Newsweek’s list of “America’s Best High Schools.” (HHS)
2009 - Ranked as the top-performing public high schools in the state according to the Indiana Dept. of Education’s improvement and accountability framework. (HHS)
2007 - Herron High School students achieved the highest ISTEP scores of all public high schools in Marion County in language arts and math.
2006 - Herron High School (HHS) opens.
Other notable distinctions:
- The graduation rate for the Herron High School Class of 2020 is more than 99 percent, far exceeding Indiana Department of Education targets and state averages | 100 percent of graduates pursuing post-secondary education or military service are accepted | Scholars earned $16.7 million in college scholarships.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
0.25
Months of cash in 2020 info
2.5
Fringe rate in 2020 info
25%
Funding sources info
Assets & liabilities info
Herron Classical Schools
Revenue & expensesFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
Herron Classical Schools
Balance sheetFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
This snapshot of Herron Classical Schools’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $350,286 | $105,113 | $4,014,581 | $945,039 | $331,640 |
As % of expenses | 5.3% | 1.4% | 42.1% | 8.2% | 2.7% |
Unrestricted surplus (deficit) after depreciation | -$21,423 | -$259,258 | $3,609,197 | $436,484 | -$246,179 |
As % of expenses | -0.3% | -3.2% | 36.3% | 3.6% | -1.9% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $8,356,385 | $7,734,277 | $12,380,115 | $11,786,433 | $12,904,012 |
Total revenue, % change over prior year | 29.0% | -7.4% | 60.1% | -4.8% | 9.5% |
Program services revenue | 3.8% | 3.5% | 2.8% | 3.3% | 2.7% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.1% | 0.2% | 0.6% | 1.1% | 1.0% |
Government grants | 73.4% | 85.1% | 67.3% | 85.5% | 90.5% |
All other grants and contributions | 22.7% | 10.8% | 27.8% | 7.2% | 5.5% |
Other revenue | 0.0% | 0.4% | 1.5% | 3.0% | 0.3% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $6,661,912 | $7,729,564 | $9,543,382 | $11,523,554 | $12,332,618 |
Total expenses, % change over prior year | 12.6% | 16.0% | 23.5% | 20.7% | 7.0% |
Personnel | 71.0% | 72.1% | 71.3% | 69.9% | 71.6% |
Professional fees | 5.1% | 5.7% | 6.3% | 5.1% | 6.2% |
Occupancy | 9.6% | 9.1% | 8.5% | 9.6% | 10.0% |
Interest | 2.2% | 1.8% | 1.8% | 1.7% | 1.4% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 12.1% | 11.3% | 12.2% | 13.6% | 10.8% |
Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $7,033,621 | $8,093,935 | $9,948,766 | $12,032,109 | $12,910,437 |
One month of savings | $555,159 | $644,130 | $795,282 | $960,296 | $1,027,718 |
Debt principal payment | $210,374 | $221,511 | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $424,883 | $536,647 | $0 |
Total full costs (estimated) | $7,799,154 | $8,959,576 | $11,168,931 | $13,529,052 | $13,938,155 |
Capital structure indicators
Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Months of cash | 3.8 | 3.2 | 2.9 | 1.2 | 2.5 |
Months of cash and investments | 3.8 | 3.2 | 2.9 | 1.2 | 2.5 |
Months of estimated liquid unrestricted net assets | 0.6 | 0.0 | 4.3 | 3.7 | 3.1 |
Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Cash | $2,133,554 | $2,042,789 | $2,319,602 | $1,167,115 | $2,606,871 |
Investments | $0 | $0 | $0 | $0 | $0 |
Receivables | $1,143,284 | $1,104,824 | $631,235 | $273,331 | $393,668 |
Gross land, buildings, equipment (LBE) | $11,240,923 | $11,444,681 | $11,866,745 | $12,382,869 | $12,836,586 |
Accumulated depreciation (as a % of LBE) | 23.4% | 26.2% | 28.6% | 31.4% | 34.8% |
Liabilities (as a % of assets) | 48.8% | 49.6% | 52.0% | 52.7% | 55.7% |
Unrestricted net assets | $3,117,774 | $2,858,516 | $6,467,713 | $6,904,197 | $6,658,018 |
Temporarily restricted net assets | $3,584,865 | $3,481,285 | $2,300,528 | $1,617,904 | N/A |
Permanently restricted net assets | $0 | $0 | $0 | $0 | N/A |
Total restricted net assets | $3,584,865 | $3,481,285 | $2,300,528 | $1,617,904 | $1,858,122 |
Total net assets | $6,702,639 | $6,339,801 | $8,768,241 | $8,522,101 | $8,516,140 |
Key data checks
Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Janet McNeal
Number of employees
Source: IRS Form 990
Herron Classical Schools
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Herron Classical Schools
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Herron Classical Schools
Board of directorsas of 01/20/2023
Board of directors data
Dan Roy
Faegre Drinker Biddle & Reath
Adrian Miller
Wells Fargo
Mary Ann Sullivan
Mark Nottingham
@Properties
Michael Allen
Ice Miller LLP
Patrick Chittenden
Patch Development
Mindy Cunningham
Cunningham Restaurant Group
Meggie Dials
Salesforce
William "Mac" McWhirter
Retired - Peoples Bank Corporation of Indianapolis
Miguel Rodriguez
Brenda Roper
Center Township Small Claims Court of Marion County
Livia Russell
David Steele
The Steele Group
Keith Steiner
Retired - UBS Financial
Dave Sternberg
Loring, Sternberg & Associates
John Watson
Core Redevelopment LLC
Caryl West
National Collegiate Athletic Association
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
No data
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G