2021-04-30T09:58:59-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 237243247 THE BLAKE SCHOOL BLAK 9529883451 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY HEAD OF SCHOOL 9529883451 2021-04-22 1 SARAH REICHLING P01587996 6123764500 2021-04-22 2019 2022-09-23 18:48:47Z ANNE E STAVNEY 110 BLAKE ROAD SOUTH HOPKINS MN 55343 67363918 0 X WWW.BLAKESCHOOL.ORG X 1900 MN TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION. 23 22 645 100 -82021 9617 5327651 2849037 44182184 45050336 2029432 -250735 -139704 -48211 51399563 47600427 8188189 8272000 0 0 31205367 31064794 0 0 1662143 11559385 11655417 50952941 50992211 446622 -3391784 169476297 169661407 25989208 28965811 143487089 140695596 THE BLAKE SCHOOL PROVIDES STUDENTS WITH AN EXCELLENT EDUCATION IN A DIVERSE AND SUPPORTIVE COMMUNITY. STUDENTS PARTICIPATE IN ACADEMIC, ARTISTIC AND ATHLETIC ACTIVITIES IN PREPARATION FOR COLLEGE, LIFE-LONG LEARNING, COMMUNITY SERVICES AND LIVES AS RESPONSIBLE WORLD CITIZENS. 0 0 43200499 8272000 45048836 THE BLAKE SCHOOL IS AN INDEPENDENT PRE-KINDERGARTEN THROUGH GRADE 12 SCHOOL SERVING STUDENTS THROUGHOUT THE TWIN CITIES WITH CAMPUSES LOCATED IN MINNEAPOLIS, HOPKINS AND WAYZATA. ENROLLMENT IN 2019-2020 WAS 1,367 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $8,272,000 IN FINANCIAL AID TO 355 STUDENTS. 43200499 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 194 0 645 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X DANA BERG 9529883459 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY HEAD OF SCHOOL 60.00 X X 646177 0 60452 ANNE GRAYBEAL ASSOCIATE HEAD OF SCHOOL 50.00 X 293196 0 26897 DANIEL KELLEY CHIEF FINANCIAL & OPERATING OFFICER 50.00 X 235209 0 37027 RAYMOND J YU LOWER SCHOOL DIRECTOR 50.00 X 198318 0 31586 JOSEPH RUGGIERO UPPER SCHOOL DIRECTOR 50.00 X 207740 0 26528 REBECCA SCHUBRING CHIEF ADVANCEMENT OFFICER 50.00 X 201358 0 31349 JOSEPH SILVESTRI DIRECTOR OF ADMISSIONS 50.00 X 187400 0 72219 JOHN L MORRISON JR CHAIR 1.00 X X 0 0 0 JASON BOWLES TREASURER 1.00 X X 0 0 0 CHAD ABRAHAM TRUSTEE 1.00 X 0 0 0 MOSI BENNET TRUSTEE 1.00 X 0 0 0 COLBERT BOYD TRUSTEE 1.00 X 0 0 0 RICHARD HIGGINS TRUSTEE 1.00 X 0 0 0 ELLIE HUMPHREY TRUSTEE 1.00 X 0 0 0 BRIAN LIPSCHULTZ TRUSTEE 1.00 X 0 0 0 COLLEEN MAY TRUSTEE 1.00 X 0 0 0 CHERYL MAYBERRY TRUSTEE 1.00 X 0 0 0 WILLIAM MILLER TRUSTEE 1.00 X 0 0 0 HEMA NEALON TRUSTEE 1.00 X 0 0 0 JOAN NOLAN TRUSTEE 1.00 X 0 0 0 DAVID OXFORD TRUSTEE 1.00 X 0 0 0 MATTHEW PETERSON TRUSTEE 1.00 X 0 0 0 MELISSA RAPHAN TRUSTEE 1.00 X 0 0 0 AMY SALDANHA TRUSTEE 1.00 X 0 0 0 MOLLY SIMMONS TRUSTEE 1.00 X 0 0 0 CHRIS SMITH TRUSTEE 1.00 X 0 0 0 ALENE GROSSMAN SUSSMAN TRUSTEE 1.00 X 0 0 0 MARY SUE VORBRICH TRUSTEE 1.00 X 0 0 0 ADEBISI WILSON TRUSTEE 1.00 X 0 0 0 JAMIE WILSON TRUSTEE 1.00 X 0 0 0 1969398 0 286058 34 0 1 0 MA MORTENSON COMPANY 700 MEADOW LANE NORTH MINNEAPOLIS MN 55422 CONSTRUCTION 13343043 TAHER INC PO BOX 44719 MADISON WI 53744 FOOD SERVICE 1411583 U B ARCHITECTURE & DESIGN 2609 ALDRICH AVENUE SOUTH SUITE 10 MINNEAPOLIS MN 55408 ARCHITECTURAL CONSULTING 354629 FIVE STAR H ENTERPRISES INC 7300 METRO BOULEVARD SUITE 130 EDINA MN 55439 JANITORIAL 275867 RAINVILLE CARLSON INC 9363 67TH ST NW ANNANDALE MN 55302 ROOFING CONTRACTOR 265165 11 2849037 266367 2849037 TUITION 611600 42817540 42817540 AUXILIARY SERVICES 611710 1911355 1911355 OTHER PROGRAM REVENUE 611710 321441 319941 1500 45050336 702907 9449 693458 212840 305810 -92970 -92970 -92970 18504039 19457681 -953642 -953642 -953642 PARENT ASSOCIATION REV 611710 44759 44759 44759 47600427 45048836 -82021 -215425 8272000 8272000 865717 118800 509317 237600 24135011 20747289 2630826 756896 1689900 1461736 175428 52736 2589743 1971498 489080 129165 1784423 1486634 226476 71313 40844 40844 82039 82039 188075 188075 1976714 1680576 235161 60977 138660 16798 121862 476223 260666 86873 128684 684284 474068 207976 2240 1337285 1263065 66638 7582 316498 291782 22647 2069 358736 101408 132975 124353 477889 419921 55101 2867 3851466 3384283 444074 23109 212924 47301 165623 INSTRUCTIONAL EXPENSES 901975 900528 1447 PROF. DEVELOPMENT 209381 197773 11608 DUES AND SUBSCRIPTIONS 152274 11541 114377 26356 RECRUITING EXPENSES 132730 132730 117420 92832 24588 50992211 43200499 6129569 1662143 20248904 11050672 517752 4650440 5574548 3136279 384708 420319 34722 32787 428562 396409 120415317 42689988 64772635 77725329 54013934 42847753 23135889 29172897 364643 228522 169476297 169661407 6074499 5209953 3583601 3201136 15972616 20204441 358492 350281 25989208 28965811 X 81591128 80156344 61895961 60539252 143487089 140695596 169476297 169661407 X -3391784 640027 -39736 X 0 1 X 1 0 X SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME: PARENT ASSOCIATION REVENUE - 2015 AMOUNT: $ 51,322. 2016 AMOUNT: $ 47,411. 2017 AMOUNT: $ 57,835. 2018 AMOUNT: $ 48,550. 2019 AMOUNT: $ 44,759. SPECIAL EVENT REVENUE - 2015 AMOUNT: $ 189,298. 2016 AMOUNT: $ 11,580. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75448947 1860554 -306290 3028214 73974997 73562082 2479528 2382569 2975232 75448947 66578358 6636980 3487087 3140343 73562082 59779887 2890866 7177787 3270182 66578358 60549885 2858658 -739636 2889020 59779887 0.38360 0.52610 0.09030 1 1 1 1420428 3177214 4597642 83936447 35928774 48007673 5065973 1128753 3937220 9931238 5632461 4298777 16884017 16884017 77725329 INTEREST IN CHARITABLE REMAINDER TRUST 227915 F INTEREST IN PERPETUAL TRUST 2387643 F HEDGE FUNDS 26557339 F 29172897 ASSET RETIREMENT OBLIGATION 246975 SPLIT-INTEREST AGREEMENTS PAYABLE 52401 LEASE LIABILITY 50905 350281 X 40046453 640027 266074 906101 39140352 188075 8272000 8460075 47600427 42837946 305810 305810 42532136 188075 8272000 8460075 50992211 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 FUNDS THAT ARE USED TO PROVIDE FINANCIAL AID AND INSTRUCTIONAL PROGRAMS FOR STUDENTS, TO PROVIDE DEVELOPMENT OPPORTUNITIES FOR FACULTY, AND TO SUPPORT SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. ACCORDINGLY, INCOME TAXES HAVE NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION UNDER APPLICABLE ACCOUNTING GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST -60,866. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 21,130. RENTAL EXPENSES 305,810. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,272,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 305,810. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,272,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATION POLICY IS PUBLISHED IN MULTIPLE MEDIA AT BLAKE, INCLUDING ON ITS WEBSITE, IN PUBLICATIONS, ESPECIALLY MEDIA MATERIALS, AND ON POSTERS AT ALL THREE CAMPUSES. EUROPE 0 0 INVESTMENTS N/A 554935 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 42429335 0 0 0 0 0 0 42984270 0 42984270 0 0 0 0 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL AID 355 8272000 0 N/A N/A PART I, LINE 2: STUDENT FINANCIAL AID IS APPLIED DIRECTLY TO STUDENT ACCOUNTS FOR TUITION, FEES, BOOKS, AND MISCELLANEOUS STUDENT EXPENSES. FINANCIAL AID CONSISTS OF AWARDS BASED ON FINANCIAL NEED AS WELL AS TUITION REMISSION FOR THE ENROLLED CHILDREN OF EMPLOYEES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ANNE E STAVNEY HEAD OF SCHOOL 524508 0 40000 0 81669 0 44658 0 15794 0 706629 0 0 0 ANNE GRAYBEAL ASSOCIATE HEAD OF SCHOOL 215559 0 0 0 77637 0 18982 0 7915 0 320093 0 0 0 DANIEL KELLEY CHIEF FINANCIAL & OPERATING OFFICER 235071 0 0 0 138 0 21306 0 15721 0 272236 0 0 0 RAYMOND J YU LOWER SCHOOL DIRECTOR 165826 0 0 0 32492 0 15991 0 15595 0 229904 0 0 0 JOSEPH RUGGIERO UPPER SCHOOL DIRECTOR 207653 0 0 0 87 0 18565 0 7963 0 234268 0 0 0 REBECCA SCHUBRING CHIEF ADVANCEMENT OFFICER 201220 0 0 0 138 0 18272 0 13077 0 232707 0 0 0 JOSEPH SILVESTRI DIRECTOR OF ADMISSIONS 187142 0 0 0 258 0 17689 0 54530 0 259619 0 0 0 PART I, LINE 1A ANNE E. STAVNEY: HOUSING ALLOWANCE, FAMILY TRAVEL, AND HEALTH CLUB DUES - ALL INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 1B THE HOUSING ALLOWANCE PROVIDED TO THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE AS PART OF THE COMPENSATION PACKAGE AND IS NOT GOVERNED BY REIMBURSEMENT POLICIES. PART I, LINE 4B ANNE E. STAVNEY: PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $50,000. ANNE GRAYBEAL: PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $12,000. DAN KELLEY: PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $10,000. A CITY OF MINNEAPOLIS 416005375 603876GB4 2010-05-19 7761234 REFUNDING/REFINANCE 0 0 0 B CITY OF HOPKINS 416005247 2017-12-14 13833000 REFUNDING/REFINANCE 0 0 0 A 6269068 7761234 149450 7611784 2011 0 1 1 1 B 131000 13833000 257454 13575546 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 X 950 DONOR STATEMENT X 1 11000 DONOR STATEMENT X 2 251985 STOCK MARKET QUOTES X EVENT RENTAL 1 2432 DONOR STATEMENT 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED IN COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE OFFICERS OF THE BOARD OF TRUSTEES AND SHALL SERVE AS THE HEAD OF SCHOOL COMPENSATION AND EVALUATION COMMITTEE. WHEN COMPLETION OF THE HEAD OF SCHOOL EVALUATION EXTENDS BEYOND JUNE 30, FOR THE PURPOSES OF COMPLETING THIS TASK THE COMMITTEE'S WORK MAY EXTEND INTO THE THREE MONTHS FOLLOWING THEIR FORMAL YEAR OF SERVICE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY THE CHIEF FINANCIAL AND OPERATING OFFICER, THE HEAD OF SCHOOL, AND THE FINANCE COMMITTEE BEFORE BEING PROVIDED TO ALL TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY APPLIES TO ITS TRUSTEES, OFFICERS, ADMINISTRATORS, FACULTY AND OTHER EMPLOYEES. WHEN A POTENTIAL CONFLICT OF INTEREST EXISTS, THE PERSON WITH THE CONFLICT NOTIFIES THE CHAIR OF THE BOARD OF TRUSTEES OR THE HEAD OF SCHOOL, SO THAT THEY MAY TAKE APPROPRIATE ACTIONS. A TRUSTEE WHO IS DIRECTLY OR INDIRECTLY INVOLVED IN A POTENTIAL CONFLICT OF INTEREST IS NOT ALLOWED TO VOTE ON ANY ACTION OF THE BOARD REGARDING THE POTENTIAL CONFLICT AND IS NOT COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT IS CONSIDERED. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PACKAGES FOR THE HEAD OF SCHOOL AND OTHER SIGNIFICANT POSITIONS DESIGNATED BY THE SCHOOL (INCLUDING CHIEF FINANCIAL AND OPERATING OFFICER; DIRECTOR OF INSTITUTIONAL ADVANCEMENT; ASSOCIATE HEAD OF SCHOOL; AND DIRECTOR OF ADMISSIONS AND FINANCIAL ASSISTANCE) ARE EACH REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD ANNUALLY. THE COMMITTEE IS COMPRISED ENTIRELY OF INDEPENDENT PERSONS AND UTILIZES SALARY AND BENEFIT SURVEY DATA OBTAINED FROM VARIOUS LOCAL, REGIONAL AND NATIONAL SOURCES. MINUTES FROM THE MEETING ARE MAINTAINED AND APPROVED BY THE COMMITTEE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE 2019-2020 SCHOOL YEAR FOR THE HEAD OF SCHOOL, A. STAVNEY; AND OTHER OFFICERS AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST -60,866. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 21,130. OAKLEAF ENDOWMENT TRUST FOR THE BLAKE SCHOOL 80 S 8TH ST NO 1800 MINNEAPOLIS MN 55402 416469031 ENDOWMENT MN 501(C)(3) LINE 12A, I THE BLAKE SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0