Blake School
- Assets
- $191.4m
- Revenue
- $55.2m
- Investments
- $47.9m
- Employees
- 671
- Location
- Hopkins, MN
- Founding
- 03/1973
- Data as of
- 06/2021
- EIN
- 23-7243247
Organization Overview
Blake School is located in Hopkins, MN. The organization was established in 1973. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Blake School employed 671 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blake School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Blake School generated $55.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $57.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS WITH AN EXCELLENT, ACADEMICALLY CHALLENGING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stavney Anne E Head Of School | Officer | 60 | $730,061 |
Graybeal Anne Associate Head Of School | 50 | $283,764 | |
Kelley Daniel A Cfo/coo | Officer | 50 | $271,359 |
Ruggiero Joseph J Upper School Director | 50 | $226,272 | |
Boxer David Chief Information Officer | 50 | $179,337 | |
Silvestri Joseph P Director Of Admissions | 50 | $205,329 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Mortenson Company Construction | 6/29/23 | $10,019,207 |
Taher Inc Food Service | 6/29/23 | $1,426,397 |
Hammel Green And Abrahamson Inc Dba Hg Architectural | 6/29/23 | $882,307 |
Mcfarland Hanson Inc Dba Commercial Clea Janitorial | 6/29/23 | $372,521 |
Metropolitan Mechanical Contractors Inc Mechanical Services | 6/29/23 | $260,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,199,374 |
| Investment income | $214,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$47,111 |
| Net Gain/Loss on Asset Sales | $96,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,181,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,725,653 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $910,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,456,407 |
| Pension plan accruals and contributions | $1,617,843 |
| Other employee benefits | $3,114,502 |
| Payroll taxes | $1,740,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,604 |
| Fees for services: Accounting | $20,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,660 |
| Fees for services: Other | $2,900,439 |
| Advertising and promotion | $77,415 |
| Office expenses | $398,209 |
| Information technology | $1,068,756 |
| Royalties | $0 |
| Occupancy | $2,565,824 |
| Travel | $122,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,351 |
| Interest | $428,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,565,238 |
| Insurance | $282,378 |
| All other expenses | $0 |
| Total functional expenses | $57,015,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,452,147 |
| Savings and temporary cash investments | $6,269,116 |
| Pledges and grants receivable | $2,637,013 |
| Accounts receivable, net | $464,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,913 |
| Prepaid expenses and deferred charges | $455,603 |
| Investments—publicly traded securities | $51,140,682 |
| Investments—other securities | $47,948,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $518 |
| Total assets | $191,397,009 |
| Accounts payable and accrued expenses | $4,375,842 |
| Grants payable | $0 |
| Deferred revenue | $3,388,796 |
| Tax-exempt bond liabilities | $14,191,519 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $327,653 |
| Total liabilities | $22,283,810 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $169,113,199 |