Breck School

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/16/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1886 and rooted in Episcopal values, Breck School is a preschool through twelve, college preparatory day school with more than 1,100 students. Located in Golden Valley, Minnesota, on 52 acres just minutes from downtown Minneapolis, Breck enjoys a national reputation for excellence and achievement in academics, athletics, and the arts. Upon graduation Breck students matriculate to colleges and universities across the country compatible with students' interests and talents.

As an Episcopal school, we hold an unwavering commitment to diversity and inclusivity, welcoming individuals of all faiths or no faith at all. Through a partnership between reason and inquiry, we provide students the opportunity to reflect on their own beliefs and honor those traditions more fully and faithfully in their lives.


Contact information

Mailing address:
Breck School
123 Ottawa Ave N
Golden Valley, MN 55422

Website: breckschool.org

Phone: 7633818100

Email: communications@breckschool.org


Organization details

EIN: 410693894

CEO/President: Natalia Rico Hernández

Chairman: Rt. Rev. Craig W. Loya

Board size: 24

Founder: Bishop Henry Whipple

Year founded: 1952

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We are a community of high achieving and motivated students and teachers focused on intellectual inquiry and engagement. Utilizing the current Mind, Brain, and Education Science research, we offer a safe place where our students are known and cared for, giving them opportunities to try new things and express their ideas.


Mission statement

Our mission is to:
Prepare each student for a college whose culture is compatible with the individual's needs, interests and abilities.

Help develop each student's unique talents and potential to excel by nurturing independence and self-worth.

Instill in each student a deep sense of social responsibility.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating315 of 94016 of 30
Fund acquisition rating170 of 94212 of 30
Resource allocation rating403 of 94211 of 30
Asset utilization rating623 of 94024 of 30

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
18%14%39%46%27%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%2%2%3%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
12%16%6%6%9%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%2%2%3%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
88%84%94%94%91%88%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%85%85%85%85%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%96%100%100%99%98%
Program output ratio Program output ratio =
Program services /
Total revenue
79%81%85%85%84%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%4%0%0%1%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%2%0%0%0%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%13%13%12%12%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.380.300.300.310.290.29
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.234.344.063.843.163.38
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.341.321.201.170.920.97
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.101.561.621.742.172.08
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.320.640.620.570.460.48
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.063.253.824.357.046.43
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
30%26%24%24%24%25%
Debt ratio Debt ratio =
Debt /
Total assets
13%11%8%8%9%10%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
163%242%256%249%260%262%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$23,736,493$21,528,929$22,732,948$30,495,002$25,375,955
Receivables, inventories, prepaids$9,821,529$13,870,095$13,801,520$14,334,511$16,481,826
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$33,558,022$35,399,024$36,534,468$44,829,513$41,857,781
Long-term investments$61,037,685$56,513,040$54,840,906$46,528,323$47,348,456
Fixed assets$51,160,531$51,905,558$48,813,033$50,380,017$52,274,325
Other long-term assets$49,235$0$3,750$0$135,592
Total long-term assets$112,247,451$108,418,598$103,657,689$96,908,340$99,758,373
Total assets$145,805,473$143,817,622$140,192,157$141,737,853$141,616,154
 
Liabilities20202019201820172016
Payables and accrued expenses$3,036,977$2,867,187$2,369,692$2,665,850$2,729,371
Other current liabilities$18,535,691$18,979,917$18,611,687$17,945,910$17,418,372
Total current liabilities$21,572,668$21,847,104$20,981,379$20,611,760$20,147,743
Debt$15,694,745$11,694,656$11,578,476$12,857,090$14,208,008
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,310,533$1,145,106$957,109$1,010,020$962,793
Total long-term liabilities$17,005,278$12,839,762$12,535,585$13,867,110$15,170,801
Total liabilities$38,577,946$34,686,866$33,516,964$34,478,870$35,318,544
 
Net assets20202019201820172016
Without donor restrictions$49,336,289$50,964,547$47,522,873$47,616,231$47,208,496
With donor restrictions$57,891,238$58,166,209$59,152,320$59,642,752$59,089,114
Net assets$107,227,527$109,130,756$106,675,193$107,258,983$106,297,610
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$7,232,115$2,495,538$2,577,811$3,771,123$4,830,509
Program service revenue$37,766,949$37,561,500$36,817,709$35,665,332$34,980,477
Membership dues$0$0$0$0$0
Investment income$720,317$2,210,860$3,173,057$2,003,023$1,326,620
Other revenue$431,884$359,333$266,345$195,219$204,734
Total other revenue$38,919,150$40,131,693$40,257,111$37,863,574$36,511,831
Total revenue$46,151,265$42,627,231$42,834,922$41,634,697$41,342,340
 
Expenses20202019201820172016
Program services$37,478,192$36,098,812$36,380,962$35,148,798$34,644,951
Management and general$5,770,029$5,483,465$5,333,630$5,120,609$4,768,648
Fundraising$985,424$979,435$1,180,161$1,029,199$1,125,145
Total expenses$44,233,645$42,561,712$42,894,753$41,298,606$40,538,744
 
Change in net assets20202019201820172016
Surplus (deficit)$1,917,620$65,519($59,831)$336,091$803,596
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,917,620$65,519($59,831)$336,091$803,596

Compensation

NameTitleCompensation
Natalia R HernandezHead of School$529,939
Ted ForbathChief Operating Officer$240,158
Wendy EngelmanController$217,790
Heather M ShiellAdvancement Director$208,539
Margaret BaileyDirector of Lower School$205,489
Schuyler FauverDirector of Middle School$200,529
Deborah PellantDirector of Peter Clark Center$190,866
Thomas TaylorDirector of Upper School$187,580
Scott WadeDirector of Admissions$176,890
Jonathan I NicholsonDirector of College Counseling$165,104
Brett BergeneAthletic Director$152,254
Mary A HealyDirector of Human Resources$150,200

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/16/2021. To update the information below, please email: info@ministrywatch.com


History

Breck School was named for a pioneer missionary, the Reverend James Lloyd Breck, and established in 1886.

The first Breck campus was in Wilder, Minnesota, with a goal of educating children under the auspices of the Episcopal Church, headed at the time by Bishop Henry Whipple. In its earliest years, Breck attracted students from a wide range of backgrounds, particularly children of local immigrant farmers. The single fee for tuition, room and board for an entire year was $110.

In 1916, Breck moved to St. Paul. Under the leadership of the Reverend Charles Haupt, the school opened at 2095 Commonwealth Avenue, near the University of Minnesota's agricultural campus. In 1920, the school moved to 2102 Carter Avenue, and in 1921 the first five students received diplomas. In the fall of 1922, Breck moved to a new building at the intersection of Como Avenue and Herndon, a then-undeveloped site near the St. Paul city limits.

The Rev. Haupt retired in 1938, at the age of 81. He was succeeded by Chester DesRochers, who introduced a military and riding curriculum, and Breck became an all-boys school. In the early 1940s, Breck officially adopted the Mustang as its mascot and blue and gold as its school colors. After DesRochers' departure in 1948, Breck headmasters included Morison Brigham, Warren Wadsworth, Daniel Cowling and the Reverend Canon Douglas F. Henderson, who assumed the role in 1952.

Under Canon Henderson, Breck reintroduced female students in grades one through three, strengthened the school's academics, and worked hard to attract a diverse student body. Nevertheless, the school suffered from serious economic challenges. Breck nearly faced extinction until a Twin Cities plumbing contractor, Reuben Anderson, came to its rescue.

By 1956, Breck was flourishing, and it had outgrown its Como Avenue campus. The school's trustees purchased land on the River Road in Minneapolis. Ground was broken in February, and the building was completed in time to be used in the second semester of the 1956-57 school year.

In 1959, Breck's board of trustees formally voted to eliminate the military program. In 1964, the school broke ground for the Chapel of the Holy Spirit and took its first step toward full coeducation by allowing the third grade girls to move on to fourth grade. By 1967, those girls were ready for what was then the Upper School, and the transition was complete.

When Canon Henderson retired in 1974, he was succeeded by John Littleford, the youngest headmaster in Breck's history. By 1979, Breck's enrollment was at an all-time high of 716. That same year, however, there was a devastating fire that destroyed the Chapel. School leadership began to contemplate the need for a larger facility.

In 1981, Breck moved to its present location in Golden Valley, occupying the city's former middle and high school, which had been closed due to a school district merger. Construction began on facilities, including a new Chapel of the Holy Spirit, which was dedicated on the third anniversary of the fire that devastated its River Road predecessor.

Breck celebrated its centennial in 1986 with enthusiasm. That same year, John Littleford was succeeded by interim headmaster Kathryn Harper. Samuel Salas was named headmaster in 1987 and served the school until his retirement in June 2007. Edward Kim served as Breck's Head of School for 10 years, from 2007-2017.

Breck's 16th Head of School, Natalia Rico Hernndez, began her tenure in July 2017.


Program accomplishments


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