Civic Intelligence

Shattuck - St Mary'S School

EIN 68-0573764 • 501(c)3 • Faribault, MN

Profile

To advance, support, promote and administer charitable and educational activities, causes and projects of every kind and nature for the exclusive support of shattuck - st mary's school, a minnesota non-profit cororation.

1000 Shumway AvenueFaribault, MN 55021

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$199,515

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 43.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

248%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $5,451,366 (-100%) from 2023

Liabilities

Down

$0

Down $303,368 (-100%) from 2023

Net Assets

Down

$0

Down $5,147,998 (-100%) from 2023

Revenue

Up

$458,122

Up $326,503 (+248%) from 2023

Expenses

Down

$12,453

Down $456,244 (-97%) from 2023

Net Income

Up

$445,669

Up $782,747 (+232%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,587,694Liabilities 2011: $158,110Net Assets 2011: $5,429,5842011Assets 2012: $5,503,575Liabilities 2012: $373,985Net Assets 2012: $5,129,5902012Assets 2013: $6,636,047Liabilities 2013: $319,455Net Assets 2013: $6,316,5922013Assets 2014: $5,794,901Liabilities 2014: $265,230Net Assets 2014: $5,529,6712014Assets 2015: $5,640,741Liabilities 2015: $268,780Net Assets 2015: $5,371,9612015Assets 2016: $13,423,705Liabilities 2016: $221,555Net Assets 2016: $13,202,1502016Assets 2017: $13,285,593Liabilities 2017: $291,512Net Assets 2017: $12,994,0812017Assets 2018: $14,036,751Liabilities 2018: $285,457Net Assets 2018: $13,751,2942018Assets 2019: $9,809,306Liabilities 2019: $551,283Net Assets 2019: $9,258,0232019Assets 2020: $6,083,251Liabilities 2020: $277,861Net Assets 2020: $5,805,3902020Assets 2021: $6,783,523Liabilities 2021: $288,783Net Assets 2021: $6,494,7402021Assets 2022: $5,377,149Liabilities 2022: $289,622Net Assets 2022: $5,087,5272022Assets 2023: $5,451,366Liabilities 2023: $303,368Net Assets 2023: $5,147,9982023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $595,7722011Expenses 2012: $430,8632012Revenue 2013: $1,440,880Expenses 2013: $414,456Net Income 2013: $1,026,4242013Revenue 2014: $335,153Expenses 2014: $386,715Net Income 2014: -$51,5622014Revenue 2015: $532,969Expenses 2015: $398,671Net Income 2015: $134,2982015Revenue 2016: $8,243,354Expenses 2016: $303,032Net Income 2016: $7,940,3222016Revenue 2017: $36,955Expenses 2017: $600,834Net Income 2017: -$563,8792017Revenue 2018: $2,132,554Expenses 2018: $443,321Net Income 2018: $1,689,2332018Revenue 2019: $104,391Expenses 2019: $548,895Net Income 2019: -$444,5042019Revenue 2020: $112,984Expenses 2020: $3,501,122Net Income 2020: -$3,388,1382020Revenue 2021: $382,370Expenses 2021: $599,973Net Income 2021: -$217,6032021Revenue 2022: $283,829Expenses 2022: $857,198Net Income 2022: -$573,3692022Revenue 2023: $131,619Expenses 2023: $468,697Net Income 2023: -$337,0782023Revenue 2024: $458,122Expenses 2024: $12,453Net Income 2024: $445,6692024

Highlighted filing

2024

Revenue$458,122
Expenses$12,453
Net Income$445,669

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.46$0.01$0.45
2023Detailed filing. Detailed filing data is available for this year.$5.45$0.30$5.15$0.13$0.47$0.34
2022Detailed filing. Detailed filing data is available for this year.$5.38$0.29$5.09$0.28$0.86$0.57
2021Detailed filing. Detailed filing data is available for this year.$6.78$0.29$6.49$0.38$0.60$0.22
2020Detailed filing. Detailed filing data is available for this year.$6.08$0.28$5.81$0.11$3.50$3.39
2019Detailed filing. Detailed filing data is available for this year.$9.81$0.55$9.26$0.10$0.55$0.44
2018Detailed filing. Detailed filing data is available for this year.$14.0$0.29$13.8$2.13$0.44$1.69
2017Detailed filing. Detailed filing data is available for this year.$13.3$0.29$13.0$0.04$0.60$0.56
2016Detailed filing. Detailed filing data is available for this year.$13.4$0.22$13.2$8.24$0.30$7.94
2015Detailed filing. Detailed filing data is available for this year.$5.64$0.27$5.37$0.53$0.40$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.79$0.27$5.53$0.34$0.39$0.05
2013Summary only. Only limited summary data is available for this year.$6.64$0.32$6.32$1.44$0.41$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$0.37$5.13$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.16$5.43$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,001,905
Mission and Program Overview

Mission

NONE

To advance, support, promote and administer charitable and educational activities, causes and projects of every kind and nature for the exclusive support of shattuck - st mary's school, a minnesota non-profit cororation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,405,322$1,781,811▼ $3,623,511
Cash and Non-Interest-Bearing Accounts$46,044$58▼ $45,986
Total Assets$5,451,366$0▼ $5,451,366
Other Assets Total-$-1,781,869-
Liabilities
Other Liabilities$303,368--
Total Liabilities$303,368$0▼ $303,368
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,405,322--
Net Assets Without Donor Restrictions$-257,324--
Total Net Assets Fund Balance$5,147,998$0▼ $5,147,998
Total Liabilities and Net Assets / Fund Balance$5,451,366$0▼ $5,451,366

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,262,241-▲ $618,948$175,983-
2022$5,087,527-▲ $512,132$337,418$5,262,241
2021$6,494,740$10,000▲ $827,890$758,575$5,087,527
2020$5,805,390$11,000▲ $1,263,126$584,776$6,494,740
2019$9,258,023$12,000▲ $18,799$3,483,412$5,805,390
Compensation and Service Providers

Board Members and Trustees

NameTitle
David MelroeDirector
H G Jack DaneDirector
Jesse BullDirector
Kevin DeethDirector
Lev AlcottDirector
Michael GergenDirector
Michael JohnsonDirector
Sunny BowmanDirector
Tamara NelsenDirector
Scott J RybergCFO
Perry MeadInterim Chai
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$235,717
Other Revenue
$221,405
All Other Contributions
$1,000
Change in Net Assets
$445,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$224,264
Revenue Not Reported on Financial Statements
$233,858
Revenue Not Reported on Form 990
$395,684
Other Revenue Adjustments
$221,405
Total Revenue per Audited Statements
$619,948
Total Revenue per Form 990
$458,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$12,453-$12,453
Total Functional Expenses$0$12,453$0$12,453

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$5,767,946
Total Expenses per Audited Statements$5,767,946
Expenses Not Reported on Financial Statements$12,453
Total Expenses per Form 990$12,453
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

There investment committee with the authority to act on the behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The organization's process does not require the board of directors to approve the filing of form 990.

Form 990, Page 6, Part VI, Line 19

The organization's tax filings are made available upon request and online using guidestar's online exempt organization lookup service.

Filing and Contact Details

Filer

Filer Name
SHATTUCK - ST MARY'S SCHOOL
EIN
68-0573764
Phone
5073346466
Address
1000 SHUMWAY AVENUE, FARIBAULT, MN 55021

Signing Officer

Name
Scott J Ryberg
Title
CFO
Phone
5073346466
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott J Ryberg
Formed
2003
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
10

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Becky L Gibbs
Phone
9528544244
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

S

Form 990, Page 2, Part III, Line 3

Shattuck - st. Mary's st. Mary's foundation provided the minnesota secretary of state their articles of dissolution 7/1/2024. The organization then made the last of their transfers to shattuck - st. Mary's school during july 2024.

Form 990, Part XI, Line 9

Cost basis adjustment 35,813 transfer of the endowment -6,025,164 total -5,989,351

Financial Statement Notes

Schedule D, Page 3, Part X

The school and foundation are exempt from federal and minnesota taxation pursuant to the provisions of section 501(c)(3) of the internal revenue code and section 290.05 of the minnesota statutes and is only subject to federal and state income taxes on net unrelated business income. In addition, the school qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as a school that is not a private foundation under section 509(a)(2). The school has not been recently audited by the internal revenue service; and accordingly, the business tax returns for the past three years are open to examination. The school has evaluated its tax positions and has concluded that they do not result in anything that would require either recording or disclosure in the financial statements based on the criteria set forth in asc 740.

Schedule D, Page 4, Part XI, Line 4B

Annuity to school forgiven 221,405

Schedule D, Page 4, Part XII, Line 2D

Transfer of endowment to school 5,767,946

Schedule D, Page 4, Part XIII

The expense on schedule d, part v, line 1d is not an expense, but a transfer from the foundation to shattuck - st. Mary's school.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0SHATTCUK - ST MARY'S SCHOOL
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL AND FOUNDATION ARE EXEMPT FROM FEDERAL AND MINNESOTA TAXATION PURSUANT TO THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 290.05 OF THE MINNESOTA STATUTES AND IS ONLY SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS A SCHOOL THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE SCHOOL HAS NOT BEEN RECENTLY AUDITED BY THE INTERNAL REVENUE SERVICE; AND ACCORDINGLY, THE BUSINESS TAX RETURNS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION. THE SCHOOL HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THEY DO NOT RESULT IN ANYTHING THAT WOULD REQUIRE EITHER RECORDING OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THE CRITERIA SET FORTH IN ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ANNUITY TO SCHOOL FORGIVEN 221,405
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TRANSFER OF ENDOWMENT TO SCHOOL 5,767,946
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE EXPENSE ON SCHEDULE D, PART V, LINE 1D IS NOT AN EXPENSE, BUT A TRANSFER FROM THE FOUNDATION TO SHATTUCK - ST. MARY'S SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalExpensesPerForm990Amt012453
IRS990ScheduleD/TotalRevenuePerForm990Amt0458122
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0619948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05767946
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT J RYBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12024-06-30
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IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt13923395
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IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0SHATTUCK ST MARY'S SCHOOL
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm1SHATTUCK ST MARY'S SCHOOL
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 218
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0S
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHATTUCK - ST. MARY'S ST. MARY'S FOUNDATION PROVIDED THE MINNESOTA SECRETARY OF STATE THEIR ARTICLES OF DISSOLUTION 7/1/2024. THE ORGANIZATION THEN MADE THE LAST OF THEIR TRANSFERS TO SHATTUCK - ST. MARY'S SCHOOL DURING JULY 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE INVESTMENT COMMITTEE WITH THE AUTHORITY TO ACT ON THE BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PROCESS DOES NOT REQUIRE THE BOARD OF DIRECTORS TO APPROVE THE FILING OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S TAX FILINGS ARE MADE AVAILABLE UPON REQUEST AND ONLINE USING GUIDESTAR'S ONLINE EXEMPT ORGANIZATION LOOKUP SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COST BASIS ADJUSTMENT 35,813 TRANSFER OF THE ENDOWMENT -6,025,164 TOTAL -5,989,351
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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