Herron Classical Schools

Diverse. Tuition-Free. College Prep.

aka Herron High School, Herron-Riverside High School, Herron Preparatory Academy, Indianapolis Classical Schools   |   Indianapolis, IN   |
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Herron Classical Schools

EIN: 20-2010941


Herron Classical Schools is a community of scholars that advances timeless ideas and content, builds a culture of respect and trust, and engages in an urban environment in order to prepare students to be world-class citizens.

Ruling year info



Janet McNeal

Main address

PO Box 881134

Indianapolis, IN 46208 USA

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Formerly known as

Indianapolis Classical Schools



Subject area info

Equal opportunity in education

Elementary education

Middle school education

Secondary education

Charter school education

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Population served info





NTEE code info

Secondary/High School (B25)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms


Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

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.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

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


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

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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

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.

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.

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.


Herron Classical Schools
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020 info

SOURCE: IRS Form 990


Average of 0.34 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990


Average of 4 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990


Average of 23% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

Herron Classical Schools

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

Herron Classical Schools

Balance sheet

Fiscal 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 ending: cloud_download Download Data

Herron Classical Schools

Financial trends analysis Glossary & formula definitions

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


The people, governance practices, and partners that make the organization tick.

Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization


Janet McNeal

Number of employees

Source: IRS Form 990

Herron Classical Schools

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
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Herron Classical Schools

Highest paid employees

SOURCE: IRS Form 990

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Herron Classical Schools

Board of directors
as of 01/20/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dan Roy

Faegre Drinker Biddle & Reath

Adrian Miller

Wells Fargo

Mary Ann Sullivan

Mark Nottingham


Michael Allen

Ice Miller LLP

Patrick Chittenden

Patch Development

Mindy Cunningham

Cunningham Restaurant Group

Meggie Dials


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

SOURCE: Self-reported; last updated 11/3/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


No data

Race & ethnicity

No data

Gender identity

No data


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Sexual orientation

No data


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Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser