2025-05-08T14:50:18-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 410693894 Breck School BREC 7633818454 123 Ottawa Ave N Golden Valley MN 55422 Ted Forbath Chief Operating Officer 7633818254 2025-05-15 1 1 Deb Nelson CPA P01264758 6122536500 2025-05-08 2023 2025-03-06 01:10:19Z Ted Forbath 123 Ottawa Ave N Golden Valley MN 55422 64949633 0 1194 X www.breckschool.org X 1886 MN An Episcopal college-prepatory day school for students of diverse backgrounds in grades pre-K - 12. 24 24 546 1000 -4697 0 3199300 3195575 46431664 50225148 1450046 2006340 141091 413791 51222101 55840854 8069857 8763520 0 0 29778242 32494267 0 0 1204162 14668587 14778076 52516686 56035863 -1294585 -195009 154838556 161385453 34629137 35873312 120209419 125512141 We create confident learners who lead lives of intellectual curiosity, self-knowledge, and social responsibility. 0 0 47534546 8763520 50225148 Breck School provides primary and secondary school academic programs for up to 1,200 students in grades pre-school through grade twelve. Breck also provides a wide range of activities for its students including athletics and academic extracurriculars, visual and performing arts, student publications and clubs. Additional services offered by Breck include online and campus stores, an ice arena, transportation service, extended day care, tutoring, and food service. 47534546 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 104 0 1 546 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X Ted Forbath 7633818454 123 Ottawa Ave N Minneapolis MN 55422 The Rt Rev Craig Loya Board Chair 1.25 X X 0 0 0 Richard Mattera President 1.25 X X 0 0 0 Christoph Welsh Governance Chair 1.25 X X 0 0 0 Kevin Cavanaugh Treasurer 1.25 X X 0 0 0 Lenesa Leana Secretary 1.25 X X 0 0 0 Lee R Anderson Trustee (non-voting) 1.25 X 0 0 0 Leah Lussier Sixkiller Audit and Risk Chair 1.25 X 0 0 0 Allison O'Toole Trustee 1.25 X 0 0 0 Matthew S Hemsley Trustee 1.25 X 0 0 0 Andrew Dayton Trustee 1.25 X 0 0 0 Sharon G Ryan Trustee 1.25 X 0 0 0 Jeffrey Parkhill Trustee 1.25 X 0 0 0 Susan F Colianni Trustee 1.25 X 0 0 0 Stuart Brown Trustee 1.25 X 0 0 0 Shannon Evenstad Trustee 1.25 X 0 0 0 Jeffrey George Trustee 1.25 X 0 0 0 Jeff Brockman Trustee 1.25 X 0 0 0 Rachel Hardeman Trustee 1.25 X 0 0 0 Nancy Lindahl Trustee 1.25 X 0 0 0 Audrey Lucas Trustee 1.25 X 0 0 0 Thomas Pohlad Trustee 1.25 X 0 0 0 Marie Suesse Trustee 1.25 X 0 0 0 Kai Sakstrup Trustee 1.25 X 0 0 0 Brian Allingham Trustee 1.25 X 0 0 0 Alexs Pate Trustee 1.25 X 0 0 0 Natalia R Hernandez Head of School 40.00 X 757553 0 77826 Ted Forbath Chief Operating Officer 40.00 X 226780 0 40001 Schuyler Fauver Director of Middle School 40.00 X 188849 0 7554 Scott Wade Director of Admissions 40.00 X 170504 0 13592 Mark Garrison Chief Information Officer 40.00 X 176172 0 38972 Stacy Glaus Chief Stratey and Comm. Officer 40.00 X 204329 0 32143 Kathryn A Mahoney Lower School Director 40.00 X 168647 0 38120 Troy M Baker Upper School Director 40.00 X 186771 0 15744 Brett Bergene Athletic Director 40.00 X 152686 0 20524 Mary Healy Director of Human Resource 40.00 X 148260 0 18745 Michael Thorson Director of Facilities 40.00 X 150619 0 23274 Jonathan Nicholson-Director of College Counseling 40.00 X 148879 0 36598 Teniade B Nagel Controller 40.00 X 145074 0 21410 2825123 0 384503 44 0 1 0 Allied Universal Security Services 161 Washington St Ste 600 Conshohocken PA 19428 Security Services 186219 Veracross LLC PO Box 844683 Boston MA 022844683 Student Information System for Independe 147006 2 167809 3027766 161791 3195575 Student Tuition 611110 41908165 41908165 Food Service 721000 2263472 2263472 Bus Service 480000 2050540 2050540 Summer Programs 900099 891830 891830 Ice Arena 900099 528561 528561 2582580 2582580 50225148 1976530 -4697 1981227 8647710 28427 8637261 9066 10449 19361 29810 29810 473261 167809 178216 295045 295045 402982 284236 118746 118746 55840854 50225148 -4697 2424828 8661366 8661366 102154 102154 2300340 756841 1543499 22814275 20496221 1672087 645967 1693542 1662597 2047 28898 3885515 2797407 886817 201291 1800595 1640353 132599 27643 100651 100651 59670 59670 392609 392609 2943382 2494620 367245 81517 194273 16284 177612 377 728566 541078 156651 30837 447661 149662 253317 44682 1487863 1226596 240077 21190 369321 353887 10404 5030 480006 394244 76533 9229 336528 315100 19690 1738 3467614 3261712 186705 19197 646876 126917 519959 Student activity expens 1183311 1183311 Athletic expenses 613942 613942 Classroom expenses 448979 448979 Tax Payments 52051 52051 824773 291275 446932 86566 56035863 47534546 7297155 1204162 24284529 25249011 2716482 2857315 1439782 1006727 7408556 8117864 119915 70200 133966 117129 3322445 3528623 96159263 47220398 47201580 48938865 67972745 71245426 238556 254293 154838556 161385453 3095972 2956085 22404293 24623656 7081586 6456586 499520 91400 1547766 1745585 34629137 35873312 X 53998895 56941793 66210524 68570348 120209419 125512141 154838556 161385453 X -195009 5732429 -234698 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 8.60 0 1 1 4.00 1250 1 64730781 335718 5774752 2946219 67895032 62586926 241621 4613115 2710881 64730781 71298556 141311 -5967413 2885528 62586926 57769755 110371 16190563 2772133 71298556 53245425 5131994 2019266 2626930 57769755 0.03600 0.96400 0 0 1499513 1499513 74713253 33755280 40957973 19946497 13465118 6481379 48938865 Fixed Income Mutual Funds 51370983 C Hedge Funds 2486668 C Limited Partnership 17387775 C 71245426 Agency and Other Reserves 1042979 Asset Retirement Obligation 702606 1745585 X 52522583 5732429 -8922966 -3190537 55713120 392609 -264875 127734 55840854 47219861 290024 290024 46929837 392609 8713417 9106026 56035863 Part II, Line 5: The organization executes the periodic monitoring, inspection, violations, and enforcement of the conservation easements pursuant to the conservation agreement. Part II, Line 9: Breck School does not report conservation easements in its financial statements as a separate item or footnote. Amounts related to the conservation easements are immaterial to the financial statements. Part V, Line 4: The Breck School endowment must be maintained permanently by Breck School. A portion of the endowment represents net assets subject to donor-imposed stipulations. The donors of these assets permit Breck School to use the income earned on related investments for specific purposes. The remainder of the endowment is unrestricted. Breck School is allowed to use the income earned on related investments for general or specific purposes, as determined by the Breck School Board of Trustees. The amount of the income used by Breck School on an annual basis is governed by Breck School's investment and spending policies. Part X, Line 2: Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10, Accounting for Uncertainty in Income Taxes, provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more likely-than not recognition threshold to be recognized. This interpretation also provides guidance on measurement derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Breck School has no uncertain tax positions resulting in an accrual of tax expense or benefit. Part XI, Line 2d - Other Adjustments: Financial Aid in Expenses for Tax Reporting -8,661,366. Loss on Uncollectible Promises to Give Excluded for Tax Reporting -209,549. Tax Payment in Expenses for Tax Reporting -52,051. Part XI, Line 4b - Other Adjustments: Gain on Sale of Equipment in Revenue for Tax Reporting 19,361. COGS in Revenue for Tax Reporting -284,236. Part XII, Line 2d - Other Adjustments: Gain on Sale of Equipment in Revenue for Tax Reporting -19,361. COGS in Revenue for Tax Reporting 284,236. Loss on Uncollectable Promises to Give Excluded for Tax Reporting 25,149. Part XII, Line 4b - Other Adjustments: Financial Aid in Expenses for Tax Reporting 8,661,366. Tax Payment in Expenses for Tax Reporting 52,051. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Policy is stated in advertising placed in newspapers, magazine, and other periodicals during the admissions period. Schedule E, Part I, Line 6 Hopkins (Minnesota) Public School District provides a per pupil allocation for textbooks/standardized tests/individualized instruction materials, pupil health services, and secondary pupil guidance/counsel services. 1 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 12937000 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Grants Tuition 53000 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 29735000 East Asia and the Pacific 0 0 Grants Tuition 49000 0 0 0 0 0 0 42774000 0 42774000 Tuition - Breck Foreign Exchange Student Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 1 52922 applied to student account Tuition - Breck Foreign Exchange Student East Asia and the Pacific 1 49232 applied to student account 1 0 1 1 1 0 Part I, Line 2: Individuals receiving disbursements under Breck School's financial aid program qualify based on need and merit. Disbursement decisions are made by the financial aid committee in accordance with school philosophy/policy which is not to discriminate on the basis of sex, race, national and/or ethnic origin. Financial aid is applied directly to individuals' accounts. Schedule F, Part IV: Breck School reviews its direct and indirect investments during the tax period for determining required foreign filings. Breck School makes direct and indirect transfers to foreign corporations and foreign partnerships. Breck School would file Form 926 or Form 8865 if the transfers met the requirements for filing. Breck School's transfers to foreign corporations did require filing Form 926. Breck School's transfers to foreign partnerships also required filing Form 8865. Breck School has ownership interests in foreign corporations and foreign partnerships. Breck School would file Form 5471 or Form 8865 if the ownership met the requirements for filing. Breck School's ownership in foreign corporations did not require filing Form 5471. Breck School's ownership in foreign partnerships did not require filing Form 8865. Breck School invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). Breck School would file Form 8621s for underlying investments that generate unrelated business income. Breck School would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. Breck School did require filing Form 8621. Blue and Gold Bash 641070 167809 473261 5000 69230 32025 71961 641070 167809 473261 5000 69230 32025 71961 178216 295045 1 Financial Aid 358 8661366 Part I, Line 2: Individuals receiving disbursements under Breck School's financial aid program qualify based on need and merit. Disbursement decisions are made by the financial aid committee in accordance with school philosophy/policy which is not to discriminate on the basis of sex, race, national and/or ethnic origin. Financial aid is applied directly to individuals' accounts. X X X X 0 1 0 0 0 0 0 1 0 Natalia R Hernandez Head of School 675507 0 0 0 82046 0 53850 0 24178 0 835581 0 20000 0 Ted Forbath Chief Operating Officer 210030 0 16000 0 750 0 18844 0 21258 0 266882 0 0 0 Stacy Glaus Chief Stratey and Comm. Officer 187665 0 16000 0 664 0 16828 0 15416 0 236573 0 0 0 Mark Garrison Chief Information Officer 159587 0 16000 0 585 0 14996 0 24077 0 215245 0 0 0 Kathryn A Mahoney Lower School Director 156084 0 12000 0 563 0 14144 0 24077 0 206868 0 0 0 Troy M Baker Upper School Director 174155 0 12000 0 616 0 15744 0 0 0 202515 0 0 0 Schuyler Fauver Director of Middle School 153312 0 15000 0 20537 0 7554 0 0 0 196403 0 0 0 Jonathan Nicholson-Director of College Counseling 135385 0 13000 0 494 0 12622 0 24077 0 185578 0 0 0 Scott Wade Director of Admissions 153978 0 16000 0 526 0 13592 0 101 0 184197 0 0 0 Michael Thorson Director of Facilities 139135 0 11000 0 484 0 12288 0 11087 0 173994 0 0 0 Brett Bergene Athletic Director 140214 0 12000 0 472 0 12192 0 8433 0 173311 0 0 0 Mary Healy Director of Human Resource 133792 0 14000 0 468 0 9259 0 9587 0 167106 0 0 0 Teniade B Nagel Controller 134599 0 10000 0 475 0 11924 0 9587 0 166585 0 0 0 Part I, Line 4b Natalia Hernandez participates in a 457(f) supplemental nonqualified retirement plan. During the fiscal year ending June 30, 2024, a payment of $31,350 was made. The payment did not become vested until tax year 2024 and is currently included in Schedule J Part II Column (C). Part I, Line 7 Bonuses and other forms of variable compensation are paid to individuals based on job performance of assigned duties. A City of St Louis Park Minnesota 416005519 000000000 2022-05-02 1250000 Refund bonds issued 10/24/2012 0 0 0 B City of Minnetonka Minnesota 416005379 000000000 2022-05-02 6500000 Refund bonds issued 11/8/2012 0 0 0 A 1250000 1250000 1250000 2023 1 0 1 1 B 6500000 6500000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 A 1 B 1 X 11 161620 Hi/Low Avg X Miscellaneous 1 171 FMV 0 0 1 0 Part I, Column (b): The organization reports the number of contributions in column (b). Form 990, Part VI, Section A, line 1a The Executive Committee shall consist of not more than thirteen members and shall include the Chair of the Board, the President, the President-Elect, the Secretary, the Treasurer, the immediate past President, and not more than seven (7) other Elective Trustees. Persons shall be nominated by the Governance Committee. The Elective Trustee members of the Executive Committee shall be elected by the Board at the annual meeting. The President shall be the chair of the Executive Committee. The past President of the Board from the immediate preceding term shall be an ex-officio member of the Executive Committee for two (2) years following the past President's term in office. All Executive Committee members are on the governing body. The Executive Committee, when the Board is not in session, shall have and may exercise the powers of the Board in the management of the business and affairs of the School, provided, however, that the Executive Committee shall not be authorized to (i) amend the School's Bylaws or Articles of Incorporation, (ii) elect voting or non-voting Trustees to the Board; or (iii) elect a Head of School. Form 990, Part VI, Section B, line 11b The tax filings are reviewed by the COO and Controller and then provided to the Audit and Risk Management Committee for review and approval. A copy of the Form 990 will also be provided to the full board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Breck School requires all trustees, administrators and management personnel to annually complete a conflict of interest/related party questionnaire. All possible conflict disclosures are forwarded to either the Head of School or the Board of Trustees President. The conflict is reviewed by either an administrative team or the Board of Trustees to determine whether a conflict exists, and in the case of an existing conflict, whether the transaction may be authorized as just, fair and reasonable to Breck School. The person with the conflict of interest is excluded from the discussion and approval of such transaction. Form 990, Part VI, Section B, line 15 A subcommittee of the Board of Trustees evaluates the performance of the Head of School, reviews comparative compensation data of national peer groups and/or consults with an executive search firm to gain an understanding of compensation trends. The subcommittee prepares a compensation recommendation that is reviewed and approved by the full Board of Trustees. The process for determining the compensation of key employees includes an evaluation process, a review of comparative data from similar independent schools and is subject to the overall budgeted salary increase approved by the Board of Trustees. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are made available to the public on a case by base basis. Form 990, Part XI, line 9: Change in Uncollectable Promises to Give -234,698.