Shattuck-St Marys Schools
- Assets
- $98.2m
- Revenue
- $33.1m
- Investments
- $30.0m
- Employees
- 304
- Location
- Faribault, MN
- Founding
- 09/1952
- Data as of
- 06/2021
- EIN
- 41-0696908
Organization Overview
Shattuck-St Marys Schools is located in Faribault, MN. The organization was established in 1952. 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 06/2021, Shattuck-St Marys Schools employed 304 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Shattuck-St Marys Schools 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, Shattuck-St Marys Schools generated $33.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $31.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
PRIVATE BOARDING SCHOOL EXPENSES: INCLUDES COSTS OF INSTRUCTION, BUILDING AND GROUNDS MAINTENANCE, STUDENT FOOD AND AUXILIARY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cavellier Head Of Scho | Officer | 40 | $242,747 |
Nicholas Stoneman President Of | Officer | 40 | $188,789 |
Scott Ryberg CFO | Officer | 40 | $150,869 |
Matthew Deschamps Ssmes Operat | 40 | $129,999 | |
Courtney Cavellier Chief Academ | 40 | $116,094 | |
Donald Macmillan Director Of | 40 | $114,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dorsey & Whitney Legal | 6/29/21 | $372,247 |
Sysco-minnesota Inc Food | 6/29/21 | $467,864 |
Minnesota Coaches Inc Bus Services | 6/29/21 | $163,604 |
Marsden Building Maintenance Llc Cleaning | 6/29/21 | $353,651 |
Arena Warehouse Llc Hockey | 6/29/21 | $364,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,718,647 |
| Noncash contributions included in lines 1a–1f | $109,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,718,647 |
| Total Program Service Revenue | $24,479,808 |
| Investment income | $346,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,785 |
| Net Gain/Loss on Asset Sales | $447,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $97,315 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,078,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $555,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,994,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,157,106 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478,708 |
| Advertising and promotion | $30,115 |
| Office expenses | $64,173 |
| Information technology | $486,946 |
| Royalties | $0 |
| Occupancy | $907,457 |
| Travel | $413,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,923 |
| Interest | $2,603,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,075,852 |
| Insurance | $354,332 |
| All other expenses | $2,341,645 |
| Total functional expenses | $31,112,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,178,458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,797,304 |
| Accounts receivable, net | $303,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,279,528 |
| Inventories for sale or use | $131,194 |
| Prepaid expenses and deferred charges | $92,809 |
| Net Land, buildings, and equipment | $53,560,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,960,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,864,751 |
| Total assets | $98,168,921 |
| Accounts payable and accrued expenses | $976,505 |
| Grants payable | $2,799,920 |
| Deferred revenue | $8,939,056 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,165,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,594,007 |
| Total liabilities | $40,475,026 |
| Net assets without donor restrictions | $28,320,184 |
| Net assets with donor restrictions | $29,373,711 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,168,921 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Shattuck-St Marys Schools has recieved totaling $488,375.
| Awarding Organization | Amount |
|---|---|
Putrah Foundation Inc Faribault, MN PURPOSE: EDUCATION | $300,000 |
Bates Family Foundation Tacoma, WA PURPOSE: PAYMENT FOR THE BENEFIT OF THE ORGANIZATION | $50,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $27,487 |
Thornburg Foundation Santa Fe, NM PURPOSE: OPERATING SUPPORT | $25,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: EDUCATION | $19,607 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,500 |
Endowment Analysis
| Beg. Balance | $14,213,970 |
| Earnings | $3,690,567 |
| Net Contributions | $4,679,629 |
| Other Expense | $935,646 |
| Ending Balance | $21,648,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
Little Wound School Board Inc Kyle, SD | $30,101,573 | $34,256,769 |
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |