2019-04-12T17:12:40-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-07-01 237243247 THE BLAKE SCHOOL BLAK 9529883451 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY HEAD OF SCHOOL 9529883451 2019-04-09 1 SARAH REICHLING P01587996 6123764500 67.137.57.251 2019-04-09 14:06:45 CD P 556679616493003E6E17937C0791D09847FC9451 0D771BBF3F02560E9BD3ACC08D2AA3E18D02EA43 2017 2019-02-21 02:37:17Z ANNE E STAVNEY 110 BLAKE ROAD SOUTH HOPKINS MN 55343 130635900 0 X WWW.BLAKESCHOOL.ORG X 1900 MN TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION. 24 23 633 500 263795 250559 10953280 13701264 41019155 42182856 5899926 3469424 -3376 -39355 57868985 59314189 7470528 7868386 0 0 28660489 30344649 0 0 2190154 10820776 10761306 46951793 48974341 10917192 10339848 147411111 168609656 16972076 27050196 130439035 141559460 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 42232010 7868386 42179256 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 2017-2018 WAS 1,366 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $7,868,386 IN FINANCIAL AID TO 355 STUDENTS. 42232010 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 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 143 0 633 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X RAJ MALLAWAARATCHY FINANCE DIRECTO 9529883459 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY HEAD OF SCHOOL 60.00 X X 542168 0 100338 DARREN ACHESON CHAIR 1.00 X X 0 0 0 JOHN L MORRISON JR CHAIR ELECT 1.00 X 0 0 0 PETER AHN TREASURER 1.00 X X 0 0 0 JASON BOWLES TREASURER ELECT 1.00 X 0 0 0 CHAD ABRAHAM TRUSTEE 1.00 X 0 0 0 COLBERT BOYD TRUSTEE 1.00 X 0 0 0 MOLLY CRONIN TRUSTEE 1.00 X 0 0 0 HEMA NEALON TRUSTEE 1.00 X 0 0 0 RICHARD HIGGINS TRUSTEE 1.00 X 0 0 0 SUSAN HITCHNER TRUSTEE 1.00 X 0 0 0 MARGARET O'BRIEN JONES TRUSTEE 1.00 X 0 0 0 BRIAN LIPSCHULTZ TRUSTEE 1.00 X 0 0 0 CHERYL MAYBERRY TRUSTEE 1.00 X 0 0 0 SALVADOR MENDOZA TRUSTEE 1.00 X 0 0 0 JOAN NOLAN TRUSTEE 1.00 X 0 0 0 MATTHEW PETERSON TRUSTEE 1.00 X 0 0 0 BRYAN PHILLIPS TRUSTEE 1.00 X 0 0 0 ELLIE PIDOT TRUSTEE 1.00 X 0 0 0 UZI ROSHA TRUSTEE 1.00 X 0 0 0 AMY SALDANHA TRUSTEE 1.00 X 0 0 0 ALENE GROSSMAN SUSSMAN TRUSTEE 1.00 X 0 0 0 JAMIE WILSON TRUSTEE 1.00 X 0 0 0 ROB ZEASKE TRUSTEE 1.00 X 0 0 0 COLLEEN MAY TRUSTEE 1.00 X 0 0 0 WILLIAM MILLER TRUSTEE 1.00 X 0 0 0 MELISSA RAPHAN TRUSTEE 1.00 X 0 0 0 CHRIS SMITH TRUSTEE 1.00 X 0 0 0 ADEBISI WILSON TRUSTEE 1.00 X 0 0 0 DANIEL KELLEY CHIEF FINANCIAL & OPERATIONS OFFICER 50.00 X 210664 0 33016 ALISON TOWNLEY CHIEF ADVANCEMENT OFFICER 50.00 X 259588 0 66954 ANNE GRAYBEAL ASSOCIATE HEAD OF SCHOOL 50.00 X 197293 0 36422 ANDREA BORK SR DIRECTOR OF DEVELOPMENT 50.00 X 172330 0 31867 JOSEPH RUGGIERO UPPER SCHOOL DIRECTOR 50.00 X 197859 0 24460 JOSEPH SILVESTRI DIRECTOR OF ADMISSIONS 50.00 X 177823 0 74970 1757725 0 368027 43 0 1 0 MA MORTENSON COMPANY 700 MEADOW LANE NORTH MINNEAPOLIS MN 55422 CONSTRUCTION 4270723 TAHER INC PO BOX 44719 MADISON WI 53744 FOOD SERVICE 1364981 U B ARCHITECTURE & DESIGN 2609 ALDRICH AVENUE SOUTH SUITE 10 MINNEAPOLIS MN 55408 ARCHITECTURAL CONSULTING 289759 JAMES DAYTON DESIGN LTD 1515 CENTRAL AVENUE NE SUITE 150 MINNEAPOLIS MN 55413 CONSTRUCTION DESIGN 280980 TELIN TRANSPORTATION GROUP LLC 16290 KENRICK LOOP LAKEVILLE MN 55044 STUDENT TRANSPORTATION 245454 9 13701264 259810 13701264 TUITION 611600 39326246 39326246 AUXILIARY SERVICES 611710 2441103 2441103 OTHER PROGRAM REVENUE 611710 404109 400509 3600 FEES 611600 11398 11398 42182856 1500371 357385 1142986 245934 343124 -97190 -97190 -97190 72944889 2751 70963943 14644 1980946 -11893 1969053 1969053 PARENT ASSOCIATION REV 611710 57835 57835 57835 59314189 42179256 263795 3169874 7868386 7868386 996443 146877 576839 272727 22919071 19795149 1902735 1221187 1586074 1453064 60736 72274 3178586 2779705 253878 145003 1664475 1381811 175951 106713 109129 109129 39557 39557 174674 174674 2213775 1981027 173876 58872 158854 26088 132766 456511 245091 84830 126590 505034 504291 743 1396323 1380967 7509 7847 366205 328512 30632 7061 336581 86483 170460 79638 413668 395880 15306 2482 2581445 2470443 95513 15489 233014 34260 198754 INSTRUCTIONAL EXPENSES 1027592 1026792 800 PROF. DEVELOPMENT 216773 204421 12352 UBIT TAX PAYMENT 148925 148925 DUES AND SUBSCRIPTIONS 142601 12098 113299 17204 240645 110665 85265 44715 48974341 42232010 4552177 2190154 9257095 24355630 10646263 3489655 21947351 15005027 554148 557234 41239 47313 330668 1858819 89866075 38879130 46329077 50986945 48109015 55036498 10059728 16545956 136527 726579 147411111 168609656 5452549 5745344 3441099 4142957 7496254 16728041 582174 433854 16972076 27050196 X 66565759 81131362 24022559 19953241 39850717 40474857 130439035 141559460 147411111 168609656 X 10339848 771611 8966 X 0 1 X 1 0 X 5460674 19132907 15386688 10953280 13701264 64634813 5460674 19132907 15386688 10953280 13701264 64634813 25205099 39429714 2527826 2155770 1644912 733154 1142986 8204648 3363 45835 49198 356556 87561 240620 58991 57835 801563 73690222 195997298 0.53510 0.56790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARENT ASSOCIATION REVENUE - 2013 AMOUNT: $ 97,787. 2014 AMOUNT: $ 75,641. 2015 AMOUNT: $ 51,322. 2016 AMOUNT: $ 47,411. 2017 AMOUNT: $ 57,835. SPECIAL EVENT REVENUE - 2013 AMOUNT: $ 258,769. 2014 AMOUNT: $ 11,920. 2015 AMOUNT: $ 189,298. 2016 AMOUNT: $ 11,580. 2017 AMOUNT: $ 0. 66578358 6636980 3487087 3140343 73562082 59779887 2890866 7177787 3270182 66578358 60549885 2858658 -739636 2889020 59779887 58857768 2692928 1674962 2675773 60549885 52881200 1213026 7310924 2547382 58857768 0.40490 0.47060 0.12450 1 1 1 1420428 3177214 4597642 67215244 31701309 35513935 4984068 631440 4352628 8561059 6546381 2014678 4508062 4508062 50986945 INTEREST IN CHARITABLE REMAINDER TRUST 231616 F INTEREST IN PERPETUAL TRUST 2504086 F HEDGE FUNDS 13793435 F PRIVATE EQUITY 16819 F 16545956 ASSET RETIREMENT OBLIGATION 365503 SPLIT-INTEREST AGREEMENTS PAYABLE 68351 433854 X 52394830 771611 352090 1123701 51271129 174674 7868386 8043060 59314189 41274405 343124 343124 40931281 174674 7868386 8043060 48974341 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 69,604. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 12,386. RENTAL EXPENSES 343,124. GAIN/LOSS ON DEBT REFINANCE -73,024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,868,386. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 343,124. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,868,386. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 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. SCHEDULE E, PART I, LINE 6 THE BLAKE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. EUROPE 0 0 INVESTMENTS N/A 1002681 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 23216958 0 0 0 0 0 0 24219639 0 24219639 1 0 0 0 1 0 PART I, LINE 3: ACCRUAL METHOD 1 STUDENT FINANCIAL AID 355 7868386 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 438750 0 40000 0 63418 0 85100 0 15238 0 642506 0 0 0 DANIEL KELLEY CHIEF FINANCIAL & OPERATIONS OFFICER 210426 0 0 0 238 0 17780 0 15236 0 243680 0 0 0 ALISON TOWNLEY CHIEF ADVANCEMENT OFFICER 259588 0 0 0 0 0 8075 0 58879 0 326542 0 0 0 ANNE GRAYBEAL ASSOCIATE HEAD OF SCHOOL 197293 0 0 0 0 0 28349 0 8073 0 233715 0 0 0 ANDREA BORK SR DIRECTOR OF DEVELOPMENT 172330 0 0 0 0 0 13570 0 18297 0 204197 0 0 0 JOSEPH RUGGIERO UPPER SCHOOL DIRECTOR 197859 0 0 0 0 0 15930 0 8530 0 222319 0 0 0 JOSEPH SILVESTRI DIRECTOR OF ADMISSIONS 177823 0 0 0 0 0 15033 0 59937 0 252793 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. 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 4193391 7761234 149450 7611784 2011 0 1 1 1 B 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 ANNE E STAVNEY OFFICER HOUSING X 50000 6660 0 1 1 6660 X 1 252890 STOCK MARKET QUOTES X SCHOOL MATERIALS 8 6920 ESTIMATED VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. 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 2017-2018 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 69,604. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 12,386. GAIN/LOSS ON DEBT REFINANCE -73,024. 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 1 OAKLEAF ENDOWMENT TRUST FOR THE BLAKE SCHOOL R 118218 CASH DRAW