The Blake School EIN 23-7243247

The Blake School

EIN  23-7243247 Public charity (501(c)(3)) Hopkins, MN Founded 1900
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Offers students an excellent, academically challenging education.
Leadership
Stavney Anne E · Head of School · $930K
Money in and out
$62.2M revenue, $64.9M expenses
Bottom line
82% program efficiency

Offers students an excellent, academically challenging education. For fiscal year 2025 it reported $62.2M in revenue, $64.9M in expenses, and $165.2M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$62.2M
Pt VIII · Ln 12
Total expenses
$64.9M
Pt IX · Ln 25
Net assets
$165.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.7M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.14 Fundraising $0.04
Program efficiency
82%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
19.5mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$62.2M
FY2025▲ +7%
Expenses
$64.9M
FY2025▲ +5%
Total assets
$206.3M
FY2025▲ +3%
Total liabilities
$41.2M
FY20250%
Total revenue
$62.2M
Pt VIII · Ln 12
Total expenses
$64.9M
Pt IX · Ln 25
Net assets
$165.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.7M
Total assetsPt X · Ln 16$206.3M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

1 program service account for $53.3M of program spending, described in the organization's own filed words · FY2024.
01

The blake school is an independent pre-kindergarten through grade 12 school serving students throughout the twin cities with campuses located in minneapolis and hopkins. Enrollment in 2024-2025 was 1,319 students.

$53.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Blake School
EINHdr · item D23-7243247
Principal addressHdr · item CHopkins, MN
WebsiteHdr · item Jwww.blakeschool.org
Year of formationHdr · item L1900
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B200)
Ruling yearIRS BMFMar 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$929,941Pt VII · Sec A
$387,045Pt VII · Sec A
Director, Upper School
$240,788Pt VII · Sec A
Chief Advancement Officer
$239,836Pt VII · Sec A
Director, Admissions and Financial Assistance
$221,241Pt VII · Sec A
Chief Information Officer
$195,307Pt VII · Sec A
Director, Early Learning Center
$188,221Pt VII · Sec A
$0Pt VII · Sec A

Stavney Anne E’s $930K as Head of School is at the 98th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stavney Anne E$929,941$757,883$730,061$876,398$699,664
Anne E Stavney$646,177
Kelley Daniel a$387,045$283,189$271,359$259,870$304,437
Anne Graybeal$293,196
Graybeal Anne$255,065$283,764$230,654$229,492
Ruggiero Joseph J$240,788$234,223$226,272$219,578$221,146
Schubring Rebecca L$239,836$228,523$220,318$214,298$222,095
Daniel Kelley$235,209

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$54.3M · 87%
Contributions & grants$4.7M · 8%
Investment income$3.3M · 5%
Program service revenue87%$54.3M
Contributions & grants8%$4.7M
Investment income5%$3.3M
— government grantsLn 1e$1.3M
Total revenueLn 12$62.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.14 Fundraising $0.04
Program services82%$53.3M
Management & general14%$9.3M
Fundraising4%$2.3M
Total functional expensesLn 25$64.9M

Balance Sheet

Part X · end of year
CashLn 1$5.3M
Total assetsLn 16$206.3M
Total liabilitiesLn 26$41.2M
Total net assetsLn 32$165.2M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104.2M · Operating expenses (Pt IX) $64.9M · Less non-cash grants $761K · Cash operating expenses/yr $64.1M
19.5 months
Where the money goes
Program services
Program services $53.3M · Total expenses $64.9M
82%
Management & General
Management & general $9.3M · Total expenses $64.9M
14%
Fundraising
Fundraising $2.3M · Total expenses $64.9M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $2.3M · Solicited contributions (3-yr avg) $3.4M
$0.66 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.7M · Total revenue $62.2M
8%
Government reliance
Government grants $1.3M · Total revenue $62.2M
2%
Earned-income share
Program service revenue $54.3M · Total revenue $62.2M
87%
Investment reliance
Investment income $3.3M · Total revenue $62.2M
+5%
Program self-sufficiency
Program service revenue $54.3M · Total expenses $64.9M
84%
Growth & trend
Revenue growth (YoY)
This year $62.2M · Prior year $58.2M
+7%
Revenue CAGR
FY2019 $47.6M · FY2024 $62.2M
+5%
Net-asset trend (YoY)
End of year $165.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $62.2M · Expenses $64.9M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $206.3M
Net-asset ratio
Net assets $165.2M · Total assets $206.3M
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.9M · Other securities (Pt X, ln 12) $86.0M · Total assets (Pt X, ln 16) $206.3M
48%
People & payroll
Highest Reported Total Compensation
Individual Stavney Anne E · Reported title HEAD OF SCHOOL · Highest reported compensation $930K · Total expenses $64.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36.1M · Total expenses $64.9M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 14%
Fundraising cost ratio 49%
Revenue growth 7%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$32K
Grants paid · 6 grants · $54.0M · 2019–2024
Unitemized GrantFY2024$9,850,172
Unitemized GrantFY2023$9,459,460
Unitemized GrantFY2022$8,819,118
Unitemized GrantFY2021$8,835,696
Unitemized GrantFY2020$8,725,653
Unitemized GrantFY2019$8,272,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$62.2M revenue · viewing · ⤓ 990 PDF
FY2024$58.2M revenue · ⤓ 990 PDF
FY2023$55.3M revenue · ⤓ 990 PDF
FY2022$58.8M revenue · ⤓ 990 PDF
FY2021$55.2M revenue · ⤓ 990 PDF
FY2020$47.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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