Totals
- Total revenue
- $55,284,624
- Total expenses
- $59,961,695
- Contributions and grants received
- $3,236,725
- Grants paid
- $8,819,118
- Program service revenue
- $50,109,210
- Investment income
- $1,930,947
- Other revenue
- $7,742
- Total assets, end of year
- $200,319,449
- Total liabilities, end of year
- $44,618,436
- Net assets or fund balances, end of year
- $155,701,013
- Program services expenses (Part IX)
- $50,012,425
- Management and general expenses
- $7,794,069
- Fundraising expenses
- $2,155,201
- Program service expenses (Part III)
- $50,012,425
Program services were 83.4% 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
$3,236,725
-
1g · Noncash contributions included above
$284,171
-
2a · Program service revenue: TUITION
total $46,905,906 · related or exempt $46,905,906
-
2b · Program service revenue: AUXILIARY SERVICES
total $2,786,321 · related or exempt $2,786,321
-
2c · Program service revenue: OTHER PROGRAM REVENUE
total $416,983 · related or exempt $416,983
-
3 · Investment income
total $371,990 · excluded $371,990
-
6a · Gross rents
real property $250,972
-
6b · Less rental expenses
real property $243,230
-
6c · Rental income or loss
real property $7,742
-
6d · Net rental income or loss
total $7,742 · excluded $7,742
-
7a · Gross sales of assets other than inventory
securities $23,110,580 · other assets $5,262,815
-
7b · Less cost or other basis and sales expenses
securities $22,378,343 · other assets $4,436,095
-
7c · Gain or loss
securities $732,237 · other assets $826,720
-
7d · Net gain or loss
total $1,558,957 · excluded $1,558,957
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,819,118 · program services $8,819,118
-
5 · Compensation of officers, directors and key employees
total $1,092,682 · program services $151,602 · management and general $637,876 · fundraising $303,204
-
7 · Other salaries and wages
total $26,273,820 · program services $22,559,947 · management and general $2,600,779 · fundraising $1,113,094
-
8 · Pension plan contributions
total $1,809,911 · program services $1,589,987 · management and general $143,637 · fundraising $76,287
-
9 · Other employee benefits
total $4,063,392 · program services $3,376,415 · management and general $566,790 · fundraising $120,187
-
10 · Payroll taxes
total $1,885,689 · program services $1,574,935 · management and general $217,197 · fundraising $93,557
-
11b · Fees: legal
total $101,986 · management and general $101,986
-
11c · Fees: accounting
total $40,479 · management and general $40,479
-
11f · Fees: investment management
total $848,009 · management and general $848,009
-
11g · Fees: other
total $3,107,580 · program services $2,542,868 · management and general $465,721 · fundraising $98,991
-
12 · Advertising and promotion
total $178,202 · program services $9,836 · management and general $71,285 · fundraising $97,081
-
13 · Office expenses
total $426,622 · program services $289,756 · management and general $119,772 · fundraising $17,094
-
14 · Information technology
total $631,973 · program services $433,546 · management and general $193,975 · fundraising $4,452
-
16 · Occupancy
total $1,775,039 · program services $1,581,035 · management and general $184,496 · fundraising $9,508
-
17 · Travel
total $233,566 · program services $201,557 · management and general $16,519 · fundraising $15,490
-
19 · Conferences, conventions and meetings
total $648,571 · program services $354,073 · management and general $201,751 · fundraising $92,747
-
20 · Interest
total $774,248 · program services $684,203 · management and general $85,632 · fundraising $4,413
-
22 · Depreciation, depletion and amortization
total $4,263,462 · program services $3,767,621 · management and general $471,539 · fundraising $24,302
-
23 · Insurance
total $433,732 · program services $46,018 · management and general $387,714
-
24a · Other expenses: INSTRUCTIONAL EXPENSES
total $1,319,774 · program services $1,317,271 · management and general $1,267 · fundraising $1,236
-
24b · Other expenses: PROF. DEVELOPMENT
total $555,382 · program services $519,938 · management and general $30,922 · fundraising $4,522
-
24c · Other expenses: OTHER EXPENSES
total $272,895 · program services $133,004 · management and general $131,762 · fundraising $8,129
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $252,967 · program services $59,695 · management and general $122,365 · fundraising $70,907
-
24e · All other expenses
total $152,596 · management and general $152,596
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,467,408 · end of year $2,107,164
-
2 · Savings and temporary cash investments
beginning of year $25,396,155 · end of year $6,342,523
-
3 · Pledges and grants receivable
beginning of year $5,028,703 · end of year $1,697,983
-
4 · Accounts receivable
beginning of year $786,165 · end of year $636,083
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $1,150,000
-
8 · Inventories for sale or use
beginning of year $29,691 · end of year $37,250
-
9 · Prepaid expenses and deferred charges
beginning of year $483,914 · end of year $856,911
-
10a · Land, buildings and equipment: cost or other basis
$142,114,739
-
10b · Land, buildings and equipment: accumulated depreciation
$47,272,220
-
10c · Land, buildings and equipment, net
beginning of year $79,426,299 · end of year $94,842,519
-
11 · Investments: publicly traded securities
beginning of year $36,266,357 · end of year $43,213,384
-
12 · Investments: other securities
beginning of year $50,343,573 · end of year $49,435,632
-
15 · Other assets
beginning of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $6,189,013 · end of year $6,782,149
-
19 · Deferred revenue
beginning of year $4,319,100 · end of year $4,312,818
-
20 · Tax-exempt bond liabilities
beginning of year $33,231,476 · end of year $32,688,651
-
25 · Other liabilities
beginning of year $1,233,811 · end of year $834,818
-
27 · Net assets without donor restrictions
beginning of year $82,148,661 · end of year $80,149,892
-
28 · Net assets with donor restrictions
beginning of year $75,106,204 · end of year $75,551,121
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION.
-
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 2022-2023 WAS 1,350 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATIONAL GOALS, THE SCHOOL GRANTED $8,140,432 IN FINANCIAL AID TO 341 STUDENTS.
Expenses $50,012,425 · Grants $8,819,118 · Revenue $50,109,210
As filed on the 2022 return.
Listed in Part VII
-
Stavney Anne ESTAVNEY ANNE E
HEAD OF SCHOOL
- Total calculated
- $793,567
- From this org
- $730,061
- From related orgs
- $0
- Other
- $63,506
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $569,148
- Bonus
- $50,000
- Other
- $110,913
- Deferred
- $48,160
- Nontaxable benefits
- $15,346
- Filer's total
- $793,567
-
Graybeal AnneGRAYBEAL ANNE
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $314,360
- From this org
- $283,764
- From related orgs
- $0
- Other
- $30,596
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $240,549
- Bonus
- $0
- Other
- $43,215
- Deferred
- $21,318
- Nontaxable benefits
- $9,278
- Filer's total
- $314,360
-
Kelley Daniel AKELLEY DANIEL A
CFO/COO
- Total calculated
- $314,271
- From this org
- $271,359
- From related orgs
- $0
- Other
- $42,912
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $271,191
- Bonus
- $0
- Other
- $168
- Deferred
- $24,662
- Nontaxable benefits
- $18,250
- Filer's total
- $314,271
-
Ruggiero Joseph JRUGGIERO JOSEPH J
UPPER SCHOOL DIRECTOR
- Total calculated
- $255,763
- From this org
- $226,272
- From related orgs
- $0
- Other
- $29,491
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $226,134
- Bonus
- $0
- Other
- $138
- Deferred
- $20,165
- Nontaxable benefits
- $9,326
- Filer's total
- $255,763
-
Boxer DavidBOXER DAVID
CHIEF INFORMATION OFFICER
- Total calculated
- $256,803
- From this org
- $179,337
- From related orgs
- $0
- Other
- $77,466
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $179,247
- Bonus
- $0
- Other
- $90
- Deferred
- $17,539
- Nontaxable benefits
- $59,927
- Filer's total
- $256,803
-
Silvestri Joseph PSILVESTRI JOSEPH P
DIRECTOR OF ADMISSIONS
- Total calculated
- $263,055
- From this org
- $205,329
- From related orgs
- $0
- Other
- $57,726
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $205,071
- Bonus
- $0
- Other
- $258
- Deferred
- $19,313
- Nontaxable benefits
- $38,413
- Filer's total
- $263,055
-
Schubring Rebecca LSCHUBRING REBECCA L
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $255,598
- From this org
- $220,318
- From related orgs
- $0
- Other
- $35,280
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $220,060
- Bonus
- $0
- Other
- $258
- Deferred
- $20,038
- Nontaxable benefits
- $15,242
- Filer's total
- $255,598
-
Saldanha AmySALDANHA AMY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Smith ChristopherSMITH CHRISTOPHER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bennett MosiBENNETT MOSI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Oxford DavidOXFORD DAVID
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Abraham ChadABRAHAM CHAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Baker KellyBAKER KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Goldstein KatieGOLDSTEIN KATIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Myren KevinMYREN KEVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Saul Paylor LisaSAUL PAYLOR LISA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rodriguez ArtRODRIGUEZ ART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Miller WilliamMILLER WILLIAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Noori Salehi NeddaNOORI SALEHI NEDDA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bizily NeilBIZILY NEIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Simmons MollySIMMONS MOLLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ross MeredithROSS MEREDITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thompson KweliTHOMPSON KWELI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vorbrich Mary SueVORBRICH MARY SUE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wilson AdebisiWILSON ADEBISI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Health or social club dues or initiation fees
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- DR. ANNE STAVNEY: HOUSING ALLOWANCE, HOUSEHOLD MANAGER, HEALTH CLUB DUES, CAR - ALL INCLUDED IN TAXABLE INCOME
- 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
- NAME: DR. ANNE STAVNEY, PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CURRENT YEAR AMOUNT: $60,000 NAME: DANIEL KELLEY, PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CURRENT YEAR AMOUNT: $20,000
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.
-
OAKLEAF ENDOWMENT TRUST FOR THE BLAKE SCHOOL
501(C)(3) · ENDOWMENT · MN · controlled entity
Directly controlled by THE BLAKE SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400329349301300
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