2022-05-04T10:08:41-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 12721 METCALF AVENUE SUITE 104 OVERLAND PARK KS 66213 990 2020-07-01 237243247 THE BLAKE SCHOOL BLAK 9529883459 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY HEAD OF SCHOOL 9529883451 2022-04-27 1 ANNE STAVNEY 999009999 GREG SULLIVAN P01259107 9134916655 2022-04-27 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANNE E STAVNEY 110 BLAKE ROAD SOUTH HOPKINS MN 55343 86856691 0 X WWW.BLAKESCHOOL.ORG X 1900 MN TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION. 21 20 632 275 -92653 26583 2849037 9199374 45050336 45714807 -250735 311298 -48211 -43711 47600427 55181768 8272000 8725653 0 0 31064794 32839056 0 0 1542770 11655417 15451028 50992211 57015737 -3391784 -1833969 169661407 191397009 28965811 22283810 140695596 169113199 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 48055703 8725653 45622154 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 2020-2021 WAS 1,349 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $8,725,653 IN FINANCIAL AID TO 371 STUDENTS. 48055703 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 1 151 0 632 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 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 STAVNEY ANNE E HEAD OF SCHOOL 60.00 X X 699664 0 64002 MORRISON JOHN CHAIR 1.00 X X 0 0 0 SALDANHA AMY CHAIR-ELECT 1.00 X X 0 0 0 BOWLES JASON TREASURER 1.00 X X 0 0 0 ABRAHAM CHAD TRUSTEE 1.00 X 0 0 0 BENNETT MOSI TRUSTEE 1.00 X 0 0 0 ERICKSON DAVID TRUSTEE 1.00 X 0 0 0 HIGGINS RICHARD TRUSTEE 1.00 X 0 0 0 MYREN KEVIN TRUSTEE 1.00 X 0 0 0 LIPSCHULTZ BRIAN TRUSTEE 1.00 X 0 0 0 MAY COLLEEN TRUSTEE 1.00 X 0 0 0 MILLER WILLIAM TRUSTEE 1.00 X 0 0 0 NEALON HEMA TRUSTEE 1.00 X 0 0 0 OXFORD DAVID TRUSTEE 1.00 X 0 0 0 PETERSON MATT TRUSTEE 1.00 X 0 0 0 RAPHAN MELISSA TRUSTEE 1.00 X 0 0 0 SIMMONS MOLLY TRUSTEE 1.00 X 0 0 0 SMITH CHRISTOPHER TRUSTEE 1.00 X 0 0 0 THOMPSON KWELI TRUSTEE 1.00 X 0 0 0 VORBRICH MARY SUE TRUSTEE 1.00 X 0 0 0 WILSON ADEBISI TRUSTEE 1.00 X 0 0 0 KELLEY DANIEL A CHIEF FINANCIAL AND OPERATING OFFICER 50.00 X 304437 0 40156 GRAYBEAL ANNE ASSOCIATE HEAD OF SCHOOL 50.00 X 229492 0 28887 RUGGIERO JOSEPH J UPPER SCHOOL DIRECTOR 50.00 X 221146 0 28270 SCHUBRING REBECCA L CHIEF ADVANCEMENT OFFICER 50.00 X 222095 0 33603 SILVESTRI JOSEPH P DIRECTOR OF ADMISSIONS AND FINANCIAL ASSISTANCE 50.00 X 222131 0 55711 BOXER DAVID CHIEF INFORMATION OFFICER 50.00 X 200714 0 72337 2099679 0 322966 58 0 1 0 MA MORTENSON COMPANY 700 MEADOW LANE NORTH MINNEAPOLIS MN 55422 CONSTRUCTION 8709129 TAHER INC BIN 135092 MINNEAPOLIS MN 554801150 FOOD SERVICE 1283440 METROPOLITAN MECHANICAL CONTRACTORS INC 7450 FLYING COULD DRIVE EDEN PRAIRIE MN 55344 MECHANICAL SERVICES 364441 FIVE STAR H ENTERPRISES INC 7300 METRO BOULEVARD EDINA MN 55439 JANITORIAL 295200 MCFARLAND HANSON INC 13950 RADIUM ST NW RAMSEY MN 55303 JANITORIAL 227835 8 5000000 4199374 749452 9199374 TUITION 611600 44186662 44186662 AUXILIARY SERVICES 611710 1318302 1318302 OTHER PROGRAM REVENUE 611710 209843 209843 45714807 214693 -45542 260235 30878 77989 -47111 -47111 -47111 31693539 31596934 96605 96605 96605 PARENT ASSOCIATION REV 611710 3400 3400 3400 55181768 45714807 -92653 360240 8725653 8725653 910171 123992 538196 247983 25456407 21826116 2893655 736636 1617843 1372612 194063 51168 3114502 2370066 588767 155669 1740133 1421989 247610 70534 114604 114604 20602 20602 140660 140660 2900439 2214014 622619 63806 77415 8184 69231 398209 206468 72762 118979 1068756 854271 210773 3712 2565824 1958070 596344 11410 122766 119389 2992 385 168351 72131 89057 7163 428007 382389 44763 855 4565238 4034757 504459 26022 282378 51416 230962 INSTRUCTIONAL EXPENSES 2004212 2001298 2914 DUES AND SUBSCRIPTIONS 182425 25672 131364 25389 PROF. DEVELOPMENT 144374 140923 75 3376 RECRUITING EXPENSES 103706 103706 163062 146293 16769 57015737 48055703 7417264 1542770 11050672 5452147 4650440 6269116 3136279 2637013 420319 464476 32787 34913 396409 455603 123947046 46952970 77725329 76994076 42847753 51140682 29172897 47948465 228522 518 169661407 191397009 5209953 4375842 3201136 3388796 20204441 14191519 350281 327653 28965811 22283810 X 80156344 90784980 60539252 78328219 140695596 169113199 169661407 191397009 X -1833969 29477001 774571 X X 0 1 X 1 0 X 10953280 13701264 5327651 2849037 9199374 42030606 10953280 13701264 5327651 2849037 9199374 42030606 12141152 29889454 733154 1142986 2285189 702907 167582 5031818 58991 57835 48550 44759 3400 213535 47275959 218133829 0.63220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARENT ASSOCIATION REVENUE - 2016 AMOUNT: $ 47,411. 2017 AMOUNT: $ 57,835. 2018 AMOUNT: $ 48,550. 2019 AMOUNT: $ 44,759. 2020 AMOUNT: $ 3,400. SPECIAL EVENT REVENUE - 2016 AMOUNT: $ 11,580. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73974997 897781 29480036 3129891 101222923 75448947 1860554 -306290 3028214 73974997 73562082 2479528 2382569 2975232 75448947 66578358 6636980 3487087 3140343 73562082 59779887 2890866 7177787 3270182 66578358 0.37965 0.39336 0.22698 1 1 1 1420428 3177214 4597642 103624305 39054601 64569704 5108139 1350876 3757263 10398198 6547493 3850705 218762 218762 76994076 INTEREST IN CHARITABLE REMAINDER TRUST 289431 F INTEREST IN PERPETUAL TRUST 3098006 F HEDGE FUNDS 44561028 F 47948465 ASSET RETIREMENT OBLIGATION 229936 SPLIT-INTEREST AGREEMENTS PAYABLE 49709 LEASE LIABILITY 48008 327653 X 76645016 29477001 852560 30329561 46315455 140660 8725653 8866313 55181768 48227413 77989 77989 48149424 140660 8725653 8866313 57015737 PART III, LINE 1A: GENERAL ARTWORK HUNG FOR DISPLAY IN AROUND THE SCHOOL. 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 710,363. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 64,208. RENTAL EXPENSES 77,989. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,725,653. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 77,989. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,725,653. 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 1011833 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 62593411 0 0 0 0 0 0 63605244 0 63605244 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL AID 371 8725653 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 1 1 X X X X 0 1 0 0 0 0 0 0 0 STAVNEY ANNE E HEAD OF SCHOOL 577567 0 40000 0 82097 0 46691 0 17311 0 763666 0 0 0 KELLEY DANIEL A CHIEF FINANCIAL AND OPERATING OFFICE 274097 0 0 0 30340 0 22523 0 17633 0 344593 0 0 0 SILVESTRI JOSEPH P DIRECTOR OF ADMISSIONS AND FINANCIAL 221873 0 0 0 258 0 18188 0 37523 0 277842 0 0 0 BOXER DAVID CHIEF INFORMATION OFFICER 200654 0 0 0 60 0 16535 0 55802 0 273051 0 0 0 GRAYBEAL ANNE ASSOCIATE HEAD OF SCHOOL 229357 0 0 0 135 0 19729 0 9158 0 258379 0 0 0 SCHUBRING REBECCA L CHIEF ADVANCEMENT OFFICER 221922 0 0 0 173 0 18869 0 14734 0 255698 0 0 0 RUGGIERO JOSEPH J UPPER SCHOOL DIRECTOR 221042 0 0 0 104 0 19064 0 9206 0 249416 0 0 0 PART I, LINE 1A ANNE E. STAVNEY: HOUSING ALLOWANCE 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 $20,000. 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 7006234 7761234 149450 7611784 2011 0 1 1 1 B 200000 13833000 257454 13575546 2017 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 1 12000 DONOR STATEMENT X 304 DONOR STATEMENT X 36 734698 STOCK MARKET QUOTES X 9 2450 DONOR STATEMENT 0 0 1 0 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 2020-2021 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 710,363. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 64,208. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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