2014-02-10T08:56:14-06:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-07-01 237243247 THE BLAKE SCHOOL BLAK 9529883451 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY 9529883451 2014-02-04 1 XIAOYAN LUO P01305207 6123764500 2012 2015-11-30 17:44:51Z ANNE E STAVNEY 110 BLAKE ROAD SOUTH HOPKINS MN 55343 62041194 0 X WWW.BLAKESCHOOL.ORG X 1900 MN TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION. 23 21 619 450 30942 24993 5683241 4965137 33782087 34406681 2192979 4151896 18178 172829 41676485 43696543 4377206 4619038 0 0 23988894 24286282 0 0 1155510 10032290 9438381 38398390 38343701 3278095 5352842 96856490 104649812 19204670 18929093 77651820 85720719 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 33205554 4619038 34406681 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 2012-2013 WAS 1,370 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $4,619,038 IN FINANCIAL AID TO 251 STUDENTS. 33205554 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 1 0 0 1 1 0 0 0 0 0 0 0 0 1 74 0 619 1 1 1 1 CJ GK 0 0 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X PATRICIA FRASHER CONTROLLER 9529883459 110 BLAKE ROAD SOUTH HOPKINS MN 55343 ANNE E STAVNEY 60.00 X X 154873 0 26177 MICHELLE M KEELEY 5.00 X X 0 0 0 FORREST G BURKE 1.00 X X 0 0 0 KATE MORTENSON 1.00 X X 0 0 0 JAMES LESLIE 1.00 X X 0 0 0 DARREN ACHESON 1.00 X 0 0 0 PETER AHN 1.00 X 0 0 0 MICHAEL BLUM 1.00 X 0 0 0 ALEYA CHAMPLIN 1.00 X 0 0 0 MAE DAYTON 1.00 X 0 0 0 ANDREW G HUMPHREY 1.00 X 0 0 0 LOCKIE MARKUSEN 1.00 X 0 0 0 LARKIN MCPHEE 1.00 X 0 0 0 JOHN L MORRISON JR 1.00 X 0 0 0 JOAN ATWATER NOLAN 1.00 X 0 0 0 BRYAN PHILLIPS 1.00 X 0 0 0 DEAN PHILLIPS 1.00 X 0 0 0 STEPHANIE SIMON 1.00 X 0 0 0 ROGER J SIT 1.00 X 0 0 0 SANDRA VARGAS 1.00 X 0 0 0 FREDERICK WINSTON 1.00 X 0 0 0 SUSAN M WOLF 1.00 X 0 0 0 ROB ZEASKE 1.00 X 0 0 0 MARC BOGURSKY 50.00 X 191831 0 58216 ANNE GRAYBEAL 50.00 X 128100 0 17676 RANDAL HARRINGTON 50.00 X 144790 0 13398 PAUL R MENGE 50.00 X 122408 0 11275 PATRICIA FRASHER 50.00 X 131008 0 17066 JULIE VANG 50.00 X 126846 0 21606 JOHN GULLA 1.00 X 568233 0 127371 1568089 0 292785 16 1 1 0 MA MORTENSON 700 MEADOW LANE NORTH MINNEAPOLIS MN 55422 BUILDING CONSTRUCTION 1585744 TAHER INC PO BOX 44719 MADISON WI 53744 FOOD SERVICE 1448919 FIVE STAR H ENTERPRISES INC PO BOX 14612 MINNEAPOLIS MN 55414 JANITORIAL 281995 PARALLEL TECHNOLOGIES VB 147 MINNEAPOLIS MN 55480 TECHNOLOGY/SECURITY UPDATES 246941 HBM SERVICES INC PO BOX 3903 MINNEAPOLIS MN 55403 JANITORIAL 185058 12 4103 4961034 433761 4965137 TUITION 611600 30771601 30771601 AUXILIARY SERVICES 611710 1826508 1826508 FEES 611600 1731324 1731324 OTHER PROGRAM REVENUE 611710 77248 77248 34406681 2251102 9598 2241504 267777 246433 21344 21344 21344 19988688 10324 18096898 1320 1891790 9004 1900794 1900794 PARENT ASSOCIATION REV 611710 151485 151485 151485 43696543 34406681 30942 4293783 4619038 4619038 664550 643866 20684 19039402 16940434 1500161 598807 1286390 1200952 47666 37772 1860941 1661512 146862 52567 1434999 1245201 145063 44735 72473 72473 36223 36223 115175 115175 1992290 1740191 187212 64887 250388 24650 208721 17017 412226 233716 72284 106226 414867 414867 1207463 1188624 11774 7065 441309 409560 19492 12257 296013 74659 166072 55282 465208 437156 28052 1751843 1482087 175288 94468 154433 28073 126360 INSTRUCTIONAL EXPENSES 1055563 1048151 1251 6161 PROF. DEVELOPMENT 186509 170477 12458 3574 DUES AND SUBSCRIPTIONS 105764 11270 86609 7885 RECRUITING EXPENSE 45756 45756 434878 274936 133819 26123 38343701 33205554 3982637 1155510 4523302 5739144 698999 301297 2450471 2472431 197501 225418 50000 50000 48516 58559 93817 121628 71478292 31859898 37540455 39618394 36122947 39714108 14884167 16104193 246313 223224 2 21416 96856490 104649812 3744221 4329897 2660566 2735802 12322524 11422334 477359 441060 19204670 18929093 X 48609288 52054585 7226150 11342977 21816382 22323157 77651820 85720719 96856490 104649812 X 5352842 2328644 387413 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48132149 524093 6294431 2069473 52881200 48877435 540547 611413 1897246 48132149 41226620 902899 8463944 1716028 48877435 36502932 1618409 4827806 1722527 41226620 43257326 1660971 -9689723 2738931 -4013289 36502932 0.53270 0.36110 0.10620 1 0 3177214 3177214 56981610 25272577 31709033 502618 128614 374004 7512596 6458707 1053889 3304254 3304254 39618394 INTEREST IN CHARITABLE REMAINDER TRUST 177392 F REAL ESTATE INVESTMENTS 1420428 C INTEREST IN PERPETUAL TRUST 2829993 F HEDGE FUNDS 11480352 F DIVERSIFIED EQUITY FUND 196028 F 16104193 ASSET RETIREMENT OBLIGATION 349924 SPLIT-INTEREST AGREEMENTS PAYABLE 91136 441060 X 41932332 2328644 7512 633846 2970002 38962330 115175 4619038 4734213 43696543 33863433 7512 246433 253945 33609488 115175 4619038 4734213 38343701 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, 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. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW FOR INCOME TAX PURPOSES FOR FISCAL YEARS ENDED JUNE 30, 2010 THROUGH 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 372,702. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 14,711. RENTAL EXPENSES 246,433. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,619,038. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 246,433. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,619,038. 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. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS N/A 9057447 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 INVESTMENTS N/A 497629 0 0 0 0 0 0 9555076 0 9555076 1 0 1 1 1 0 1 STUDENT FINANCIAL AID 251 4619038 0 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, 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 X 0 1 0 0 0 0 0 0 0 ANNE E STAVNEY 125127 0 0 0 29746 0 12703 0 13474 0 181050 0 0 0 MARC BOGURSKY 191693 0 0 0 138 0 15811 0 42405 0 250047 0 0 0 RANDAL HARRINGTON 144790 0 0 0 0 0 12004 0 1394 0 158188 0 0 0 JOHN GULLA 229167 0 55000 0 284066 0 116667 0 10704 0 695604 0 146125 0 PART I, LINE 1A JOHN C. GULLA - HOUSING ALLOWANCE - $41,667 - INCLUDED IN TAXABLE COMPENSATION. ANNE STAVNEY - HOUSING ALLOWANCE - $25,000 - INCLUDED IN TAXABLE COMPENSATION. ANNE STAVNEY - FAMILY TRAVEL - $4,239 - 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 JOHN GULLA - HEAD OF SCHOOL - 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN - $83,000 JOHN GULLA - HEAD OF SCHOOL - 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DISBURSEMENT - $252,187 SUPPLEMENTAL INFORMATION PART III JOHN GULLA WAS BLAKE'S HEAD OF SCHOOL FOR FOURTEEN YEARS THROUGH JUNE 30, 2012. AS PART OF HIS CONTRACT, BLAKE CONTRIBUTED TO A DEFERRED COMPENSATION PLAN WHICH DID NOT VEST UNTIL THE END OF HIS TENURE. HENCE, A SIZABLE PORTION OF HIS REPORTED 2012 COMPENSATION REPRESENTED THE VESTED ASSETS THAT HAD BEEN ACCRUED BY THE SCHOOL OVER MULTIPLE YEARS. A CITY OF HOPKINS 416005247 43988PCD0 2007-08-01 5295000 REFUNDING/REFINANCE 0 0 0 B CITY OF WAYZATA 415005630 946826AK0 2005-06-23 2000000 FACILITIES CONSTRUCTION 0 0 0 C CITY OF MINNEAPOLIS 416005375 603876GB4 2010-05-19 7445000 REFUNDING/REFINANCE 0 0 0 A 1370000 5310013 105900 4541 2008 1 0 1 1 B 535000 1985134 40000 2006 0 0 1 1 C 1600000 7761234 149450 6827997 2011 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 A 0 B 0 C 0 ANNE E STAVNEY HEAD OF SCHOOL HOUSING LOAN X 50000 50000 0 1 1 50000 43015 SCHOLARSHIP FINANCIAL AID MA MORTENSON THE SPOUSE OF A BOARD TRUSTEE IS PRESIDENT OF M.A. MORTENSON 1585744 DESIGN AND RENOVATE UPPER SCHOOL SCIENCE AND MEDIA WING 0 JIM DAYTON DESIGN BROTHER-IN-LAW OF BOARD TRUSTEE IS PRINCIPAL OF JIM DAYTON DESIGN 156783 DESIGN AND RENOVATE UPPER SCHOOL SCIENCE AND MEDIA WING 0 SCHEDULE L, PART IV EXPLANATION FOR BUSINESS TRANSACTIONS WITH INTERESTED PERSONS BLAKE ENGAGED JIM DAYTON DESIGN (JDD) AS ARCHITECT AND M. A. MORTENSON CONSTRUCTION AS GENERAL CONTRACTOR TO DESIGN AND RENOVATE OUR UPPER SCHOOL SCIENCE AND MEDIA WING. IN FISCAL YEAR 2013, BLAKE PAID JDD $156,783 AND MORTENSON $1,585,744. JIM DAYTON (PRINCIPAL OF JDD) IS THE BROTHER-IN-LAW OF A BLAKE TRUSTEE (MAE DAYTON) AND DAVID MORTENSON (PRESIDENT OF MORTENSON CONSTRUCTION) IS MARRIED TO ANOTHER BLAKE TRUSTEE (KATE MORTENSON). WHILE BLAKE'S BOARD APPROVED THE RENOVATION PROJECT, MANAGEMENT WAS SOLELY RESPONSIBLE FOR SELECTING THE PROJECT VENDORS. FURTHERMORE, NEITHER MAE DAYTON NOR KATE MORTENSON HAD ANY ROLE ON THE BUILDINGS & GROUND COMMITTEE, WHICH HAD OVERSIGHT RESPONSIBILITY FOR THIS PROJECT. X 5471 ESTIMATED VALUE X 12 419000 STOCK MARKET QUOTES X PIANO 2 7500 ESTIMATED VALUE X INSTRUMENTS 1 1300 ESTIMATED VALUE X OTHER 1 400 ESTIMATED VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY THE DIRECTOR OF BUSINESS AND FINANCE, 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 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 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 2012-2013 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 372,702. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 14,711.