Breck School
- Assets
- $157.5m
- Revenue
- $50.4m
- Investments
- $75.2m
- Employees
- 497
- Location
- Minneapolis, MN
- Founding
- 09/1952
- Data as of
- 06/2021
- EIN
- 41-0693894
Organization Overview
Breck School is located in Minneapolis, 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, Breck School employed 497 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Breck 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, Breck School generated $50.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $47.7m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
AN EPISCOPAL COLLEGE-PREPATORY DAY SCHOOL FOR STUDENTS OF DIVERSE BACKGROUNDS IN GRADES PRE-K - 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRECK SCHOOL PROVIDES PRIMARY AND SECONDARY SCHOOL ACADEMIC PROGRAMS FOR UP TO 1,200 STUDENTS IN GRADES PRE-SCHOOL THROUGH GRADE TWELVE. BRECK ALSO PROVIDES A WIDE RANGE OF ACTIVITIES FOR ITS STUDENTS INCLUDING ATHLETICS AND ACADEMIC EXTRACURRICULARS, VISUAL AND PERFORMING ARTS, STUDENT PUBLICATIONS AND CLUBS. ADDITIONAL SERVICES OFFERED BY BRECK INCLUDE ONLINE AND CAMPUS STORES, AN ICE ARENA, TRANSPORTATION SERVICE, EXTENDED DAY CARE, TUTORING, AND FOOD SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Rt Rev Craig Loya Board Chair | OfficerTrustee | 1.25 | $0 |
Richard Mattera President | OfficerTrustee | 1.25 | $0 |
Christoph Welsh Past President | OfficerTrustee | 1.25 | $0 |
Kevin Cavanaugh Treasurer | OfficerTrustee | 1.25 | $0 |
Sally Blanks Secretary | OfficerTrustee | 1.25 | $0 |
Lee R Anderson Lifetime Trustee (non-Voting) | Trustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/22 | $202,679 |
Veracross Llc Software Program Services | 6/29/22 | $116,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,563,300 |
| Investment income | $305,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,634,358 |
| Net Income from Fundraising Events | $146,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $129,926 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,445,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,721,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $43,847 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,852,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,322,099 |
| Pension plan accruals and contributions | $1,431,513 |
| Other employee benefits | $3,292,116 |
| Payroll taxes | $1,524,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,323 |
| Fees for services: Accounting | $43,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $757,573 |
| Fees for services: Other | $2,244,706 |
| Advertising and promotion | $98,218 |
| Office expenses | $552,895 |
| Information technology | $308,587 |
| Royalties | $1,242 |
| Occupancy | $2,435,748 |
| Travel | $127,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,461 |
| Interest | $230,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,255,256 |
| Insurance | $276,706 |
| All other expenses | $0 |
| Total functional expenses | $47,680,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,527,617 |
| Savings and temporary cash investments | $2,663,680 |
| Pledges and grants receivable | $325,954 |
| Accounts receivable, net | $5,886,437 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,336 |
| Inventories for sale or use | $100,364 |
| Prepaid expenses and deferred charges | $2,911,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $75,207,397 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,498,820 |
| Accounts payable and accrued expenses | $3,143,364 |
| Grants payable | $0 |
| Deferred revenue | $20,319,763 |
| Tax-exempt bond liabilities | $8,292,632 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $708,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,340,648 |
| Total liabilities | $33,804,898 |
| 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 | $123,693,922 |