Millbrook School
- Assets
- $164.1m
- Revenue
- $39.8m
- Investments
- $62.1m
- Employees
- 219
- Location
- Millbrook, NY
- Founding
- 11/1933
- Data as of
- 06/2021
- 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 06/2023, Millbrook School employed 219 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 06/2021, Millbrook School generated $39.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $30.0m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 7 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.
Since 2018, Millbrook School has awarded 14 individual grants totaling $118,000. 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
2021
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 |
|---|---|---|---|
Jonathan Downs Head Of School | OfficerTrustee | 40 | $340,066 |
William Menard Chairman | OfficerTrustee | 1 | $0 |
Paul Solomon Vice Chairman | OfficerTrustee | 1 | $0 |
Peter R Chapman Secretary | OfficerTrustee | 1 | $0 |
Richard Stuckey Treasurer | OfficerTrustee | 1 | $0 |
J'nelle N Agee Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Construction Services | 6/29/23 | $2,622,300 |
Aramark Services Corporation Food Service | 6/29/23 | $2,298,349 |
Lcs Companies Inc Housekeeping Services | 6/29/23 | $661,076 |
Voith & Mac Tavish Architects Llp Architectural Services | 6/29/23 | $570,907 |
Slam Architects & Engineers P C Architectural Services | 6/29/23 | $255,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,232,013 |
| Investment income | $263,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,791,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,717,786 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $705,038 |
| Compensation to disqualified persons | $153,670 |
| Other salaries and wages | $8,199,679 |
| Pension plan accruals and contributions | $567,337 |
| Other employee benefits | $2,291,913 |
| Payroll taxes | $610,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,973 |
| Fees for services: Accounting | $73,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,400 |
| Fees for services: Investment Management | $200,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $580,148 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $530,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,959,259 |
| Insurance | $459,108 |
| All other expenses | $0 |
| Total functional expenses | $29,952,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,919,409 |
| Savings and temporary cash investments | $319,535 |
| Pledges and grants receivable | $7,769,348 |
| Accounts receivable, net | $110,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,327 |
| Prepaid expenses and deferred charges | $981,492 |
| Investments—publicly traded securities | $11,567,662 |
| Investments—other securities | $62,104,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $493,706 |
| Total assets | $164,075,015 |
| Accounts payable and accrued expenses | $1,807,585 |
| Grants payable | $0 |
| Deferred revenue | $7,986,838 |
| Tax-exempt bond liabilities | $15,253,612 |
| 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 | $68,267 |
| Total liabilities | $25,116,302 |
| 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 | $138,958,713 |
Grants Awarded
Over the last fiscal year, Millbrook School has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WASHINGTON PURPOSE: DONATION | $7,500 |
TOWN OF STANFORD PURPOSE: DONATION | $10,000 |
STANFORD FIRE COMPANY PURPOSE: DONATION | $7,500 |