2012-03-01T17:00:16-06:00 2011-06-30 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-07-01 237243247 THE BLAKE SCHOOL BLAK 9529883451 110 BLAKE ROAD SOUTH HOPKINS MN 55343 JOHN C GULLA 9529883451 2012-03-01 1 XIAOYAN LUO 6123764500 2010 2016-02-24 21:20:13Z JOHN C GULLA 110 BLAKE ROAD SOUTH HOPKINS MN 55343 42901429 0 X WWW.BLAKESCHOOL.ORG X 1900 MN TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION. 25 24 580 450 0 0 4722404 3675566 31607045 32772790 23181 1542326 111333 85000 36463963 38075682 4173643 4185575 0 0 22783542 23509008 0 0 1058747 9647800 9728077 36604985 37422660 -141022 653022 88285784 96189207 20241108 20117924 68044676 76071283 X THE BLAKE SCHOOL PROVIDES STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION IN A DIVERSE AND SUPPORTIVE COMMUNITY COMMITTED TO A COMMON SET OF VALUES. STUDENTS ARE EXPECTED TO PARTICIPATE IN AN INTEGRATED PROGRAM OF ACADEMIC, ARTISTIC AND ATHLETIC ACTIVITIES IN PREPARATION FOR COLLEGE, LIFE-LONG LEARNING, COMMUNITY SERVICE AND LIVES AS RESPONSIBLE WORLD CITIZENS. 0 0 31969262 4185575 32772790 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 2010-2011 WAS 1,393 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $4,185,575 IN FINANCIAL AID TO 263 STUDENTS. 31969262 1 1 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 55 0 1 580 1 0 1 CJ 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MN X X PATRICIA FRASHER NELSON CONTROLLER 9529883459 110 BLAKE ROAD SOUTH HOPKINS MN 55343 JOHN C GULLA 60.00 X X 374651 0 143685 ELIZABETH EPPES WINTON 5.00 X X 0 0 0 MICHELLE M KEELEY 1.00 X X 0 0 0 MARTHA B DAYTON 1.00 X X 0 0 0 FORREST G BURKE 1.00 X X 0 0 0 DARREN ACHESON 1.00 X 0 0 0 KARI ALLDREDGE 1.00 X 0 0 0 RANDALL D BARRY 1.00 X 0 0 0 MICHAEL M BOARDMAN 1.00 X 0 0 0 AJAY GUPTA 1.00 X 0 0 0 ROBIN T HARTWELL 1.00 X 0 0 0 SUSAN A HOROVITZ 1.00 X 0 0 0 ANDREW G HUMPHREY 1.00 X 0 0 0 HARSOHENA KAUR 1.00 X 0 0 0 JAMES LESLIE 1.00 X 0 0 0 LOCKIE B MARKUSEN 1.00 X 0 0 0 KATE MORTENSON 1.00 X 0 0 0 NORMAN RICKEMAN 1.00 X 0 0 0 HUSSEIN SAMATAR 1.00 X 0 0 0 RICHARD C SCHMOKER 1.00 X 0 0 0 STEPHANIE SIMON 1.00 X 0 0 0 ROGER J SIT 1.00 X 0 0 0 SHELLEY CARTHEN WATSON 1.00 X 0 0 0 SUSAN M WOLF 1.00 X 0 0 0 JOSEPH SEIVOLD 60.00 X 157221 0 39404 ROBERT KNUTH 60.00 X 153271 0 42385 MARC BOGURSKY 60.00 X 148572 0 56744 LUCRETIA WELLS 60.00 X 133109 0 21238 JULIE VANG 60.00 X 118609 0 25189 1085433 0 328645 13 0 1 0 TAHER INC 5570 SMETANA DR MINNETONKA MN 55343 FOOD SERVICES 1346899 FIVE STAR H ENTERPRISES INC PO BOX 14612 MINNEAPOLIS MN 55414 JANITORIAL 280142 CONSTRUCTION RESULTS CORP 14170 23RD AVE N MINNEAPOLIS MN 55447 CONSTRUCTION 182961 HBM SERVICES INC PO BOX 3903 MINNEAPOLIS MN 55403 JANITORIAL 177184 VISIONS INC PO BOX 9438 MINNEAPOLIS MN 55440 PRINTING/PUBLICATIONS 138511 8 3675566 68081 3675566 TUITION 611600 29313206 29313206 FEES 611600 1638451 1638451 AUXILIARY SERVICES 611710 1560232 1560232 OTHER STUDENT REVENUE 611710 260901 260901 32772790 1096761 1096761 5266662 4650 4825747 440915 4650 445565 445565 PARENT ASSOCIATION REV 611710 85000 85000 85000 38075682 32772790 0 1627326 4185575 4185575 518336 518336 18016830 15929570 1510335 576925 1306413 1106372 156772 43269 2337386 1908133 405699 23554 1330043 1142440 146064 41539 47869 47869 45880 45880 113226 113226 1751670 1650502 88395 12773 233478 20636 199460 13382 477618 227410 109334 140874 547649 547649 1421167 1356016 57774 7377 443448 418380 17226 7842 239039 60061 124604 54374 524615 492981 31634 1802127 1527844 178230 96053 150960 10846 140114 INSTRUCTIONAL EXPENSES 1106784 1080926 0 25858 REPAIRS & MAINTENANCE 156247 145613 10457 177 PROF. DEVELOPMENT 139379 112919 21900 4560 RECRUITING EXPENSES 127309 0 127309 0 PARENTS ASSOCIATION EXP 85000 0 85000 0 314612 45389 259033 10190 37422660 31969262 4394651 1058747 656441 2598018 2455015 625472 1289168 1258015 201991 179419 37956 57102 113329 56983 67310370 28544093 39117527 38766277 40353661 48117793 3758749 4260720 292489 269400 9458 8 88285784 96189207 3698656 3755705 1983997 2658435 14076234 13195501 33812 482221 474471 20241108 20117924 X 43995485 48712660 3729286 5620435 20319905 21738188 68044676 76071283 88285784 96189207 X 653022 7373585 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 41226620 902899 8463944 1716028 48877435 36502932 1618409 4827806 1722527 41226620 43257326 1660971 -9689723 2738931 -4013289 36502932 0.54000 0.37000 0.09000 1 0 3157077 3157077 56567324 22541346 34025978 226671 65334 161337 7273375 5937413 1335962 85923 85923 38766277 ASSET RETIREMENT OBLIGATION 375552 SPLIT-INTEREST AGREEMENTS PAYABLE 98919 474471 38075682 37422660 653022 7333680 39905 7373585 8026607 41065466 7333680 39905 7373585 33691881 113226 4270575 4383801 38075682 33038859 0 33038859 113226 4270575 4383801 37422660 PART IV, LINE 2B: THE SCHOOL HAS RECORDED A LIABILITY FOR FUNDS IN WHICH THE SCHOOL IS THE FISCAL AGENT FOR VARIOUS ORGANIZATIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW FOR INCOME TAX PURPOSES FOR FISCAL YEARS ENDED JUNE 30, 2008 THROUGH 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 39,905. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 39,905. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,185,575. PARENT ASSOCIATION REVENUE 85,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,185,575. PARENT ASSOCIATION EXPENSES 85,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE BLAKE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. 1 STUDENT FINANCIAL AID 263 4185575 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENT FINANCIAL AID IS APPLIED DIRECTLY TO STUDENT ACCOUNTS FOR TUITION, FEES AND BOOKS. FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JOHN C GULLA 275000 0 55000 0 44651 0 131400 0 12285 0 518336 0 0 0 JOSEPH SEIVOLD 157149 0 0 0 72 0 32726 0 6678 0 196625 0 0 0 ROBERT KNUTH 153199 0 0 0 72 0 12930 0 29455 0 195656 0 0 0 MARC BOGURSKY 148500 0 0 0 72 0 18660 0 38084 0 205316 0 0 0 LUCRETIA WELLS 133037 0 0 0 72 0 11040 0 10198 0 154347 0 0 0 PART I, LINE 1A JOHN GULLA - HOUSING ALLOWANCE - $50,000 - INCLUDED IN COMPENSATION. JOHN GULLA - SOCIAL CLUB DUES - $4,049 - NOT INCLUDED IN COMPENSATION. JOHN GULLA - SPOUSAL TRAVEL - $438 - INCLUDED IN COMPENSATION. PART I, LINE 1B THE HOUSING ALLOWANCE PROVIDED TO JOHN GULLA IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE AS PART OF HIS COMPENSATION PACKAGE AND IS NOT GOVERNED BY REIMBURSEMENT POLICIES. PART I, LINE 4B JOHN GULLA - HEAD OF SCHOOL - 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN - $100,000 - THE AMOUNT IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. JOSEPH SEIVOLD - MIDDLE SCHOOL DIRECTOR - 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN - $20,000 - THE AMOUNT IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. CITY OF HOPKINS 416005247 43988PCD0 2007-08-01 5295000 REFUNDING/REFINANCE 0 0 0 CITY OF WAYZATA 415005630 946826AK0 2005-06-23 2000000 FACILITIES CONSTRUCTION 0 0 0 CITY OF MINNEAPOLIS 416005375 603876GB4 2010-05-19 7445000 REFUNDING/REFINANCE 0 0 0 5199572 5310013 105900 4541 2008 0 1 1 1 1985134 40000 1945134 2006 0 0 1 1 7761234 6829403 149450 4490 0 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 57795 FINANCIAL AID X 9 68081 STOCK MARKET QUOTES 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: UBS FINANCIAL SERVICES PROCESS ALL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY THE DIRECTOR OF BUSINESS AND FINANCE AND THE HEAD OF SCHOOL, THEN 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 15A THE COMPENSATION PACKAGES FOR THE HEAD OF SCHOOL AND OTHER SIGNIFICANT POSITIONS DESIGNATED BY THE SCHOOL (INCLUDING DIRECTOR OF BUSINESS AND FINANCE, DIRECTOR OF INSTITUTIONAL ADVANCEMENT, ASSISTANT HEAD OF SCHOOL, UPPER SCHOOL DIRECTOR, MIDDLE SCHOOL DIRECTOR AND LOWER SCHOOL DIRECTOR) ARE EACH REVIEWED AND APPROVED 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 SOURCES. MINUTES FROM THE MEETING ARE MAINTAINED AND APPROVED BY THE COMMITTEE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE 2010-2011 SCHOOL YEAR FOR THE HEAD OF SCHOOL, J. GULLA AND ALL OTHER POSITIONS LISTED THAT ARE INCLUDED AS HIGHEST COMPENSATED EMPLOYEES REPORTED IN SCHEDULE J, PART II. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,333,680. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 39,905. TOTAL TO FORM 990, PART XI, LINE 5: 7,373,585.