Totals
- Total revenue
- $36,183,306
- Total expenses
- $36,021,497
- Contributions and grants received
- $2,921,362
- Grants paid
- $8,403,350
- Program service revenue
- $30,095,447
- Investment income
- $2,673,060
- Other revenue
- $493,437
- Total assets, end of year
- $102,615,053
- Total liabilities, end of year
- $38,901,717
- Net assets or fund balances, end of year
- $63,713,336
- Program services expenses (Part IX)
- $32,163,216
- Management and general expenses
- $3,143,827
- Fundraising expenses
- $714,454
- Program service expenses (Part III)
- $32,163,216
Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,921,362
-
1g · Noncash contributions included above
$394,686
-
2a · Program service revenue: TUITION & FEES
total $26,783,979 · related or exempt $26,783,979
-
2b · Program service revenue: AUXILIARY ACTIVITIES
total $2,932,123 · related or exempt $2,932,123
-
2c · Program service revenue: MANAGEMENT FEES
total $382,971 · related or exempt $382,971
-
2d · Program service revenue: MISC OTHER
total -$3,626 · related or exempt -$3,626
-
3 · Investment income
total $499,163 · excluded $499,163
-
5 · Royalties
total $111,768 · excluded $111,768
-
6a · Gross rents
real property $1,479,252
-
6b · Less rental expenses
real property $1,351,179
-
6c · Rental income or loss
real property $128,073
-
6d · Net rental income or loss
total $128,073 · unrelated business $128,073
-
7a · Gross sales of assets other than inventory
securities $5,525,961
-
7b · Less cost or other basis and sales expenses
securities $3,352,064
-
7c · Gain or loss
securities $2,173,897
-
7d · Net gain or loss
total $2,173,897 · excluded $2,173,897
-
10a · Gross sales of inventory
$640,230
-
10b · Cost of goods sold
$386,634
-
10c · Net income from sales of inventory
total $253,596 · unrelated business $127,580 · excluded $126,016
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,884,750 · program services $6,884,750
-
3 · Grants to foreign organizations and individuals
total $1,518,600 · program services $1,518,600
-
5 · Compensation of officers, directors and key employees
total $742,333 · program services $742,333
-
7 · Other salaries and wages
total $10,260,292 · program services $9,726,340 · management and general $183,256 · fundraising $350,696
-
8 · Pension plan contributions
total $562,873 · program services $535,962 · management and general $6,937 · fundraising $19,974
-
9 · Other employee benefits
total $2,497,863 · program services $2,385,065 · management and general $28,997 · fundraising $83,801
-
10 · Payroll taxes
total $839,262 · program services $797,975 · management and general $14,182 · fundraising $27,105
-
11g · Fees: other
total $1,540,011 · program services $1,305,993 · management and general $234,018
-
12 · Advertising and promotion
total $39,989 · program services $48,409 · management and general -$8,420
-
13 · Office expenses
total $964,913 · program services $873,049 · management and general $66,807 · fundraising $25,057
-
14 · Information technology
total $290,169 · program services $228,339 · management and general $61,830
-
16 · Occupancy
total $911,531 · program services $866,361 · management and general $45,170
-
17 · Travel
total $743,659 · program services $579,624 · management and general $139,991 · fundraising $24,044
-
19 · Conferences, conventions and meetings
total $95,429 · program services $5,629 · management and general $73,991 · fundraising $15,809
-
20 · Interest
total $788,259 · management and general $788,259
-
22 · Depreciation, depletion and amortization
total $2,003,529 · program services $1,091,202 · management and general $912,327
-
23 · Insurance
total $414,717 · program services $388,907 · management and general $25,810
-
24a · Other expenses: COGS
total $1,302,484 · program services $1,241,476 · management and general $61,008
-
24b · Other expenses: ACTIVITY FEES
total $916,609 · program services $916,609
-
24c · Other expenses: PROGRAM
total $826,785 · program services $826,785
-
24d · Other expenses: MEALS
total $581,132 · program services $581,132
-
24e · All other expenses
total $1,296,308 · program services $618,676 · management and general $509,664 · fundraising $167,968
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,090,021 · end of year $7,960,550
-
3 · Pledges and grants receivable
beginning of year $906,328 · end of year $745,888
-
4 · Accounts receivable
beginning of year $306,793 · end of year $188,975
-
7 · Other notes and loans receivable
beginning of year $2,855,785 · end of year $4,208,323
-
8 · Inventories for sale or use
beginning of year $132,028 · end of year $135,595
-
9 · Prepaid expenses and deferred charges
beginning of year $267,014 · end of year $282,971
-
10a · Land, buildings and equipment: cost or other basis
$84,354,751
-
10b · Land, buildings and equipment: accumulated depreciation
$34,895,544
-
10c · Land, buildings and equipment, net
beginning of year $50,421,276 · end of year $49,459,207
-
11 · Investments: publicly traded securities
beginning of year $25,474,801 · end of year $33,574,141
-
12 · Investments: other securities
beginning of year $3,932,774 · end of year $3,950,968
-
15 · Other assets
beginning of year $1,942,321 · end of year $2,108,435
-
17 · Accounts payable and accrued expenses
beginning of year $1,216,278 · end of year $1,095,972
-
19 · Deferred revenue
beginning of year $10,646,521 · end of year $12,047,660
-
23 · Secured mortgages and notes payable
beginning of year $24,866,482 · end of year $24,389,102
-
25 · Other liabilities
beginning of year $1,085,039 · end of year $1,368,983
-
27 · Net assets without donor restrictions
beginning of year $29,716,121 · end of year $28,770,662
-
28 · Net assets with donor restrictions
beginning of year $27,798,700 · end of year $34,942,674
Mission and programs · 2023
Mission
WE ARE A GLOBAL LEARNING COMMUNITY THAT HONORS TRADITION WHILE EMBRACING INNOVATION. BY CULTIVATING CREATIVE, INDEPENDENT THINKING, WE FOSTER THE TRANSFORMATION OF OUR STUDENTS TO BECOME CITIZENS OF INTEGRITY FOR AN EVER-CHANGING WORLD. WE AIM TO BE A DYNAMIC AND DIVERSE SCHOOL COMMUNITY COMMITTED TO EXCELLENCE, INTEGRITY AND INNOVATION, HERE AND BEYOND THE ARCH.
-
PRIVATE BOARDING SCHOOL EXPENSES: INCLUDES COSTS OF INSTRUCTION, BUILDING AND GROUNDS MAINTENANCE, STUDENT FOOD AND AUXILIARY SERVICES.
Expenses $32,163,216 · Grants $8,403,350
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matthew CavellierMATTHEW CAVELLIER
HEAD OF SCHO
- Total calculated
- $365,888
- From this org
- $336,234
- From related orgs
- $0
- Other
- $29,654
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $336,172
- Bonus
- not reported
- Other
- $62
- Deferred
- $20,196
- Nontaxable benefits
- $9,458
- Filer's total
- $365,888
-
Scott RybergSCOTT RYBERG
CFO
- Total calculated
- $199,515
- From this org
- $177,452
- From related orgs
- $0
- Other
- $22,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,452
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,071
- Nontaxable benefits
- $12,992
- Filer's total
- $199,515
-
Courtney CavellierCOURTNEY CAVELLIER
CHIEF ACADEM
- Total calculated
- $172,389
- From this org
- $145,040
- From related orgs
- $0
- Other
- $27,349
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,040
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,052
- Nontaxable benefits
- $18,297
- Filer's total
- $172,389
-
Thomas WardTHOMAS WARD
BOYS PREP HE
- Total calculated
- $137,077
- From this org
- $121,981
- From related orgs
- $0
- Other
- $15,096
- Hours/week
- 40
-
Nicholas CobbettNICHOLAS COBBETT
PRESIDENT SS
- Total calculated
- $132,698
- From this org
- $115,130
- From related orgs
- $0
- Other
- $17,568
- Hours/week
- 40
-
Sean BusheySEAN BUSHEY
DR. OF BOYS
- Total calculated
- $145,583
- From this org
- $113,366
- From related orgs
- $0
- Other
- $32,217
- Hours/week
- 40
-
Ben UmhoeferBEN UMHOEFER
DIRECTOR OF
- Total calculated
- $130,367
- From this org
- $106,667
- From related orgs
- $0
- Other
- $23,700
- Hours/week
- 40
-
Gordon StaffordGORDON STAFFORD
TEACHER & CO
- Total calculated
- $120,490
- From this org
- $102,502
- From related orgs
- $0
- Other
- $17,988
- Hours/week
- 40
-
Bishop Craig LoyaBISHOP CRAIG LOYA
HONORARY CHA
- Total calculated
- $0
- Hours/week
- 2
-
Kristi KlungnessKRISTI KLUNGNESS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tamara NelsenTAMARA NELSEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Megan TroutMEGAN TROUT
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 2
-
Lev AlcottLEV ALCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nora BrownNORA BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
H G Jack DaneH G JACK DANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
David DuncombeDAVID DUNCOMBE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Katy GrayKATY GRAY
PARENT ASN P
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan HancockJONATHAN HANCOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul JeremiassenPAUL JEREMIASSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Fred W KrahmerFRED W KRAHMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joel MacIntoshJOEL MACINTOSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Chris SilgeCHRIS SILGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rev Jonathan SmithREV JONATHAN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ruthie SudderthRUTHIE SUDDERTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bruce TuomalaBRUCE TUOMALA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ruth WiegandRUTH WIEGAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SHATTUCK - ST MARY'S FOUNDATION
3 · DONATIONS · MN · controlled entity
Directly controlled by SHATTUCK ST MARY'S SCHOOL
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SSM EDUCATIONAL SERVICES LLC
EDUCATION · DE · income -$1,324,569 · assets -$4,099,533
Directly controlled by SHATTUCK ST MARY'S SCHOOL
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LEGACY LAND DEVELOPMENT CO
C CORP · REAL ESTAT · MN · 100% owned · share of assets $59,825 · controlled entity
Directly controlled by SHATTUCK-S SHATTUCK-ST MARY'S SCHOOL
-
LEGACY GOLF CORPORATION
C CORP · GOLF COURS · MN · 100% owned · share of income -$21,380 · share of assets $1,503,536 · controlled entity
Directly controlled by SHATTUCK-S SHATTUCK-ST MARY'S SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349305384
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