Millbrook School
- Assets
- $138.6m
- Revenue
- $30.1m
- Investments
- $39.9m
- Employees
- 197
- Location
- Millbrook, NY
- Founding
- 11/1933
- Data as of
- 06/2020
- EIN
- 14-1413770
Organization Overview
Millbrook School is located in Millbrook, NY. The organization was established in 1933. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Millbrook School employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millbrook 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, Millbrook School generated $30.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $25.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Millbrook School has awarded 16 individual grants totaling $138,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MILLBROOK SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL WHICH OFFERS COLLEGE PREPARATORY EDUCATION TO ITS BOARDING AND DAY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT SECONDARY EDUCATION FOR APPROXIMATELY 330 BOARDING AND DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Casertano Former Head Of School | 40 | $448,060 | |
Jonathan Downs Head Of School | OfficerTrustee | 40 | $256,777 |
Nancy Stahl Director Of Advancement | 40 | $190,931 | |
Jeffrey Smith COO | Officer | 40 | $189,114 |
Robert Anthony Ass't To Head Of School For External Affairs | 40 | $167,680 | |
Alan Tousignant Director Of Trevor Zoo | 40 | $115,373 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chenango Contracting Inc Construction Services | 6/29/22 | $519,850 |
Lcs Companies Inc Janitorial Services | 6/29/22 | $574,852 |
Consigli Construction Ny Llc Construction Services | 6/29/22 | $2,057,837 |
Aramark Services Corporation Food Service | 6/29/22 | $1,686,634 |
Voith & Mac Tavish Architects Llp Architectural Services | 6/29/22 | $577,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,686,927 |
| Investment income | $205,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$71,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,124,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,913,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $900,696 |
| Compensation to disqualified persons | $179,321 |
| Other salaries and wages | $7,516,566 |
| Pension plan accruals and contributions | $525,532 |
| Other employee benefits | $2,076,271 |
| Payroll taxes | $577,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,918 |
| Fees for services: Accounting | $73,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,000 |
| Fees for services: Investment Management | $170,599 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $621,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $550,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,929,178 |
| Insurance | $420,800 |
| All other expenses | $0 |
| Total functional expenses | $25,922,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,791,796 |
| Savings and temporary cash investments | $133,112 |
| Pledges and grants receivable | $6,405,466 |
| Accounts receivable, net | $144,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $205,436 |
| Prepaid expenses and deferred charges | $736,427 |
| Investments—publicly traded securities | $10,009,448 |
| Investments—other securities | $39,879,755 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,532 |
| Total assets | $138,607,846 |
| Accounts payable and accrued expenses | $1,536,540 |
| Grants payable | $0 |
| Deferred revenue | $5,855,866 |
| Tax-exempt bond liabilities | $15,819,449 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,707 |
| Total liabilities | $23,655,562 |
| 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 | $114,952,284 |
Grants Awarded
Over the last fiscal year, Millbrook School has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WASHINGTON PURPOSE: DONATION | $10,000 |
TOWN OF STANFORD PURPOSE: DONATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Millbrook School has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Turningpoint Foundation Dallas, TX PURPOSE: TOWARDS THE CASERTANO FUND | $50,000 |
Turningpoint Foundation Dallas, TX PURPOSE: ANNUAL FUND | $10,000 |
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $7,500 |
Russell Colgate Fund Inc Wilmington, DE PURPOSE: GENERAL PURPOSES | $4,000 |
Brenton Foundation Des Moines, IA PURPOSE: CHARITABLE | $1,500 |
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $70,310,675 |
| Earnings | -$11,397,992 |
| Net Contributions | $798,562 |
| Other Expense | $481,135 |
| Grants | $1,579,420 |
| Ending Balance | $57,650,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |