Shattuck-St Marys Schools
- Assets
- $94.7m
- Revenue
- $34.5m
- Investments
- $0.0
- Employees
- 318
- Location
- Faribault, MN
- Founding
- 09/1952
- Data as of
- 06/2022
- 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 06/2022, Shattuck-St Marys Schools employed 318 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 06/2022, Shattuck-St Marys Schools generated $34.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $32.9m during the year ending 06/2022. 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
2022
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 | $285,948 |
Scott Ryberg CFO | Officer | 40 | $146,088 |
Nicholas Stoneman President Of | Officer | 40 | $159,964 |
Courtney Cavellier Chief Academ | 40 | $127,532 | |
Bishop Craig Loya Honorary Cha | 2 | $0 | |
Bill Brewster Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco-minnesota Inc Food | 6/29/22 | $856,844 |
Minnesota Coaches Inc Bus Services | 6/29/22 | $262,818 |
Marsden Building Maintenance Llc Cleaning | 6/29/22 | $331,064 |
Dorsey & Whitney Legal | 6/29/22 | $317,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,799,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,901,544 |
| Noncash contributions included in lines 1a–1f | $220,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,701,464 |
| Total Program Service Revenue | $27,145,803 |
| Investment income | $385,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,983 |
| Net Rental Income | $27,439 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $179,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,496,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,424,832 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $505,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,625,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,591,132 |
| 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 | $524,690 |
| Advertising and promotion | $31,567 |
| Office expenses | $108,089 |
| Information technology | $283,103 |
| Royalties | $0 |
| Occupancy | $1,162,889 |
| Travel | $785,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,251 |
| Interest | $978,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,057,036 |
| Insurance | $348,776 |
| All other expenses | $2,586,346 |
| Total functional expenses | $32,876,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,364,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $654,611 |
| Accounts receivable, net | $268,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,523,640 |
| Inventories for sale or use | $131,018 |
| Prepaid expenses and deferred charges | $112,226 |
| Net Land, buildings, and equipment | $52,349,165 |
| Investments—publicly traded securities | $26,505,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,807,800 |
| Total assets | $94,717,354 |
| Accounts payable and accrued expenses | $1,083,217 |
| Grants payable | $0 |
| Deferred revenue | $11,027,060 |
| 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 | $25,507,099 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $942,708 |
| Total liabilities | $38,560,084 |
| Net assets without donor restrictions | $30,529,811 |
| Net assets with donor restrictions | $25,627,459 |
| 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 | $94,717,354 |