Breck School
- Assets
- $145.8m
- Revenue
- $46.2m
- Investments
- $61.0m
- Employees
- 472
- Location
- Minneapolis, MN
- Founding
- 09/1952
- Data as of
- 06/2020
- 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 06/2021, Breck School employed 472 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 06/2020, Breck School generated $46.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $44.2m during the year ending 06/2020. While expenses have increased by 1.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN EPISCOPAL COLLEGE-PREPARATORY 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 |
|---|---|---|---|
Natalia R Hernandez Head Of School | Officer | 40 | $503,911 |
Ted Forbath Chief Operating Officer | Officer | 40 | $207,795 |
Wendy Engelman Controller | 40 | $192,151 | |
Margaret Bailey Director Of Lower School | Officer | 40 | $185,625 |
Schuyler Fauver Director Of Middle School | Officer | 40 | $183,851 |
Heather M Shiell Advancement Director | Officer | 40 | $182,548 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marco Technologies Llc Copier Leases/services | 6/29/20 | $110,170 |
Universal Protection Services Llc Security Services | 6/29/20 | $171,189 |
Veracross Llc Software Implementation | 6/29/20 | $173,579 |
Universal Protection Services Llc Security Services | 6/29/20 | $171,189 |
Marco Technologies Llc Copier Leases/services | 6/29/20 | $110,170 |
Veracross Llc Software Implementation | 6/29/20 | $173,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,232,115 |
| Investment income | $528,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,281 |
| Net Income from Fundraising Events | $306,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125,810 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,151,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,818,191 |
| Grants and other assistance to Foreign Orgs/Individuals | $88,540 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,012,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,121,699 |
| Pension plan accruals and contributions | $1,377,096 |
| Other employee benefits | $3,228,565 |
| Payroll taxes | $1,432,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,832 |
| Fees for services: Accounting | $49,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,520 |
| Fees for services: Other | $1,832,301 |
| Advertising and promotion | $172,141 |
| Office expenses | $472,935 |
| Information technology | $340,111 |
| Royalties | $1,223 |
| Occupancy | $1,131,109 |
| Travel | $204,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $387,426 |
| Interest | $253,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,128,325 |
| Insurance | $214,022 |
| All other expenses | $0 |
| Total functional expenses | $44,233,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,073,033 |
| Savings and temporary cash investments | $2,663,460 |
| Pledges and grants receivable | $454,470 |
| Accounts receivable, net | $6,154,391 |
| Loans from Officers, Directors, or Controlling Persons | $40,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,235 |
| Inventories for sale or use | $110,242 |
| Prepaid expenses and deferred charges | $3,062,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,037,685 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,805,473 |
| Accounts payable and accrued expenses | $3,036,977 |
| Grants payable | $0 |
| Deferred revenue | $18,535,691 |
| Tax-exempt bond liabilities | $8,891,247 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,234,143 |
| Unsecured mortgages and notes payable | $5,569,355 |
| Other liabilities | $1,310,533 |
| Total liabilities | $38,577,946 |
| 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 | $107,227,527 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Breck School has recieved totaling $11,517.
| Awarding Organization | Amount |
|---|---|
Art Of Youth Foundation Wilmington, DE PURPOSE: THE EE FORD EDUCATIONAL LEADERSHIP MATCHING GRANT | $10,267 |
Art Of Youth Foundation Wilmington, DE PURPOSE: ROBOTICS - STAMPEDE 3630 FINANCIAL AID FOR THE WORLDS COMPETITION | $1,250 |
Endowment Analysis
| Beg. Balance | $57,769,755 |
| Earnings | $16,190,563 |
| Net Contributions | $110,371 |
| Other Expense | $2,772,133 |
| Ending Balance | $71,298,556 |
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 |