2025-05-08T13:44:39-05:00 2024-06-30 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-07-01 202010941 HERRON HIGH SCHOOL INC HERR 3172310010 110 EAST 16TH ST INDIANAPOLIS IN 46202 ADRIAN MILLER BOARD TREASURER 3172310010 2025-05-08 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2025-05-08 2023 2025-03-06 01:10:19Z HERRON CLASSICAL SCHOOLS ADRIAN MILLER 110 EAST 16TH ST INDIANAPOLIS IN 46202 25061678 0 X WWW.HERRONCLASSICAL.ORG X 2004 IN HERRON HIGH SCHOOL PARTNERS WITH FAMILIES AND THE COMMUNITY TO PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION THAT INTEGRATES KNOWLEDGE, INSPIRES CHARACTER AND VALUES COMMUNITY SERVICE. 18 18 271 50 0 0 24743676 24014299 329038 455855 124561 193000 6714 376989 25203989 25040143 0 0 0 0 15333236 17945012 0 0 706888 6337234 7592267 21670470 25537279 3533519 -497136 28946699 40551421 11634394 23736252 17312305 16815169 HERRON HIGH SCHOOL PARTNERS WITH FAMILIES AND THE COMMUNITY TO PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION THAT INTEGRATES KNOWLEDGE, INSPIRES CHARACTER AND VALUES COMMUNITY SERVICE. 0 0 22226874 845932 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 2023-2024 SCHOOL YEAR, THE SCHOOLS SERVED OVER 1,700 STUDENTS DURING THE ACADEMIC YEAR. 22226874 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 1 102 0 1 271 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X MICHELLE KRAUTER 3172310010 110 EAST 16TH STREET INDIANAPOLIS IN 46202 DAN ROY PRESIDENT, BOARD OF DIRECT 10.00 X X 0 0 0 MINDY CUNNINGHAM VICE PRESIDENT, BOARD OF DIRECTORS 5.00 X X 0 0 0 ADRIAN MILLER TREASURER, BOARD OF DIRECT 5.00 X X 0 0 0 MARY ANN SULLIVAN SECRETARY, BOARD OF DIRECT 5.00 X X 0 0 0 MICHAEL ALLEN DIRECTOR 5.00 X 0 0 0 PATRICK CHITTENDAN DIRECTOR 5.00 X 0 0 0 ISAAC BAMGBOSE DIRECTOR 5.00 X 0 0 0 MEGGIE DIALS DIRECTOR 5.00 X 0 0 0 WILLIAM MCWHIRTER DIRECTOR 5.00 X 0 0 0 CAROLYN MOSBY DIRECTOR 5.00 X 0 0 0 MIGUEL RODRIGUEZ DIRECTOR 5.00 X 0 0 0 BRENDA ROPER DIRECTOR 5.00 X 0 0 0 LIVIA RUSSELL DIRECTOR 5.00 X 0 0 0 DAVID STEELE DIRECTOR 5.00 X 0 0 0 KEITH STEINER DIRECTOR 5.00 X 0 0 0 DAVE STERNBERG DIRECTOR 5.00 X 0 0 0 JOHN WATSON DIRECTOR 5.00 X 0 0 0 CARYL WEST DIRECTOR 5.00 X 0 0 0 JANET H MCNEAL PRESIDENT 40.00 X 206692 0 21332 JULI WOODRUM CHIEF FINANCIAL OFFICER 40.00 X 154996 0 21735 KATIE DORSEY VICE PRESIDENT, ACADEMICS 40.00 X 123960 0 20062 CASEY OSTERKAMP VICE PRESIDENT, OPERATIONS 40.00 X 125900 0 22937 ANNE DECKARD HEAD OF SCHOOL, HERRON HIG 40.00 X 138025 0 20653 EMANUEL HARPER HEAD OF SCHOOL, HERRON-RIV 40.00 X 128314 0 17925 CODY WHITESELL HEAD OF SCHOOL, HERRON PRE 40.00 X 117577 0 17692 995464 0 142336 7 0 1 0 0 29400 22728820 1256079 24014299 STUDENT FEES 611600 455855 455855 455855 194600 194600 1600 -1600 -1600 -1600 6847 29400 19935 -13088 -13088 INSURANCE PROCEEDS INCOME 900099 281910 281910 OTHER INCOME 900099 96246 96246 EQUITY INCOME IN SUBSIDIARY 900099 11921 11921 390077 25040143 845932 0 179912 353874 310851 32201 10822 13081429 11491008 1190369 400052 1232995 1083089 112199 37707 2282701 2005173 207719 69809 994013 873162 90452 30399 115645 115645 9937 9937 78609 78609 1923680 1543055 266834 113791 88691 6074 71442 11175 481675 441863 26308 13504 315112 260068 52464 2580 1650329 1640327 7242 2760 23769 23205 405 159 124068 -9496 133564 1009976 1007163 2813 258469 258469 NUTRITIONAL SUPPORT 985119 951038 30560 3521 COURSE MATERIALS AND CL 378442 347164 20669 10609 VEHICLES AND TRANSPORTA 136386 136386 CHARGES AND FEES 12360 1099 11261 25537279 22226874 2603517 706888 1857421 2303812 400000 2343965 380284 859 957 135470 132698 38675694 7928078 17473568 30747616 9986 270177 6725430 6715877 28946699 40551421 3419144 6011266 2842620 12691748 796189 26548 2692381 2849941 1884060 2156749 11634394 23736252 X 13512912 14796408 3799393 2018761 17312305 16815169 28946699 40551421 -497136 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1384000 1384000 13168917 3533160 9635757 4642847 4269045 373802 19479930 125873 19354057 30747616 NEW MARKET TAX CREDIT NOTE RECEIVABLE 6108240 INVESTMENT IN SUBSIDIARY 331490 DUE FROM RIVERSIDE HIGH SCHOOL REAL ESTATE, LLC 224283 INVESTMENT IN EVERLONG CAPTIVE 51864 6715877 LINE OF CREDIT 2156749 2156749 X 26808375 1768232 1768232 25040143 0 25040143 26125475 588196 588196 25537279 0 25537279 PART X, LINE 2: HERRON HIGH SCHOOL, INC. RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MAIN BUILDING, RHS, AND RHS RE MM ARE DISREGARDED ENTITIES FOR INCOME TAX PURPOSES. RHS RE IS A LIMITED LIABILITY COMPANY AND ITS TAXABLE INCOME OR LOSS IS ALLOCATED TO ITS MEMBERS IN ACCORDANCE WITH THEIR OWNERSHIP PERCENTAGES. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE ORGANIZATION TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE ORGANIZATION EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,935. RHS RE ACTIVITY 1,746,697. LOSS ON DISPOSAL OF ASSETS 1,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,935. RHS RE ACTIVITY 566,661. LOSS ON DISPOSAL OF ASSETS 1,600. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 HERRON'S CHARTER AGREEMENTS WITH THE MAYOR'S OFFICE, WHICH ARE PUBLIC DOCUMENTS, STATE OUR RACIALLY NONDISCRIMINATORY POLICIES. HERRON PUBLICIZES THE POLICIES ONLINE. SCHEDULE E, PART I, LINE 6 ORGANIZATION RECEIVES FEDERAL AND STATE GRANT MONEY TO ACHIEVE ITS STATED MISSION. TOTAL GOVERNMENTAL ASSISTANCE FOR THE FISCAL YEAR IS $22,728,820. SEE PAGE 9 OF FORM 990. MOVIE NIGHT 36247 29400 6847 300 500 12000 629 4330 2176 36247 29400 6847 300 500 12000 629 4330 2176 19935 -13088 1 X X X 0 0 0 0 0 0 0 0 0 JANET H MCNEAL PRESIDENT 206692 0 0 0 0 0 9832 0 11500 0 228024 0 0 0 JULI WOODRUM CHIEF FINANCIAL OFFICER 154996 0 0 0 0 0 15500 0 6235 0 176731 0 0 0 ANNE DECKARD HEAD OF SCHOOL, HERRON HIG 138025 0 0 0 0 0 13802 0 6851 0 158678 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE COMPENSATION OF THE PRESIDENT BASED ON PERFORMANCE AND MARKET COMPARISONS. A INDIANA FINANCE AUTHORITY SERIES 2010 2010-06-30 4000000 SCHOOL CONSTRUCTION 0 0 0 B EDUC FACILITIES REV BONDS - SERIES 2014 2014-04-18 2435000 MORTGAGE REFINANCE 0 0 0 C INDIANA FINANCE AUTHORITY 351602316 2023-09-22 12600214 2023 HPA AND HHS EXPANSION PROJECT 0 0 0 A 1695002 4000000 4000000 0 0 1 1 B 2435000 2435000 2435000 0 0 1 1 C 12600214 250828 8176802 4172584 0 0 1 1 A 1 0 0 0 0 0 0 B 1 0 0 0 0 0 0 C 1 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 WILLIAM MCWHIRTER BOARD OF DIRECTORS SCHOOL CONSTRUCTION (BONDS) X 284000 26548 0 1 1 26548 CLAUDE MCNEAL PRODUCTIONS COMPANY OWNED BY THE SPOUSE OF PRESIDENT 1875 CLAUDE MCNEAL PRODUCTIONS IS CONTRACTED TO RUN AND TEACH HERRON HIGH SCHOOL'S THEATRE DEPARTMENT. THE CONTRACT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FIDUCIARY COMMITTEE OF THE BOARD. THE BOARD IS PROVIDED AN OVERVIEW OF THE FORM 990 AND A COPY OF THE FORM IN ADVANCE OF ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AT LEAST AN ANNUAL BASIS, BOARD MEMBERS AND KEY EMPLOYEES ARE ASKED TO DISCLOSE ANY KNOWN POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS AND KEY EMPLOYEES ARE ALSO ASKED TO PROVIDE ANY UPDATED INFORMATION SHOULD ANY POTENTIAL CONFLICTS ARISE THROUGHOUT THE YEAR. IF A POTENTIAL CONFLICT ARISES, THE EXECUTIVE COMMITTEE OF THE BOARD EVALUATES THE IMPACT OF THE INTERESTED PERSON'S FINANCIAL INTEREST, ASSESSES WHETHER A CONFLICT OF INTEREST ARISES FROM THE FINANCIAL INTEREST AND DETERMINES WHAT ACTION, IF ANY, IS NECESSARY TO BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE COMPENSATION OF THE PRESIDENT BASED ON PERFORMANCE AND MARKET COMPARISONS. THE PRESIDENT AND CHIEF FINANCIAL OFFICER DETERMINE THE COMPENSATION OF ALL OTHER KEY EMPLOYEES WHICH IS APPROVED WITH THE BUDGET BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH INDIANA DEPARTMENT OF EDUCATION AND UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. HERRON MAIN BUILDING LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 208444799 OWN REAL ESTATE IN HERRON HIGH SCHOOL INC HERRON MUSEUM BUILDING LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 208082818 LEASING IN HERRON HIGH SCHOOL INC RIVERSIDE HIGH SCHOOL RE MM LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 611859110 REAL ESTATE MANAGEMENT IN 11921 331490 HERRON HIGH SCHOOL INC RIVERSIDE HIGH SCHOOL LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 371872559 PUBLIC CHARTER HIGH SCHOOL IN 6710062 10714139 HERRON HIGH SCHOOL INC HERRON PREPARATORY ACADEMY REAL ESTATE LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 202010941 OWN REAL ESTATE IN HERRON HIGH SCHOOL INC RIVERSIDE HIGH SCHOOL REAL ESTATE LLC 110 EAST 16TH STREET INDIANAPOLIS IN 46202 823352395 OWN REAL ESTATE IN RELATED -3372 107141 0 0 0.01000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0