Millbrook Community Partnership Inc
- Assets
- $22.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Millbrook, NY
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-2159939
Organization Overview
Millbrook Community Partnership Inc is located in Millbrook, NY. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millbrook Community Partnership Inc 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 12/2023, Millbrook Community Partnership Inc generated $3.8m in total revenue. All expenses for the organization totaled $367.6k during the year ending 12/2023. While expenses have increased by 43.1% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS TASKED WITH BUILDING AND CREATING A 35-ACRE PARK WHICH WILL OFFER WALKING AND BIKING TRAILS THAT CONNECT DIRECTLY TO THE VILLAGE OF MILLBROOK, NEW YORK; A VISITOR CENTER AS WELL AS AN OUTDOOR VENUE FOR MUSICAL AND THEATRICAL PERFORMANCES; AND TO RESTORE AND RENOVATE THE THORNE BUILDING INTO A CENTER WHICH WILL SERVE AS THE COMMUNITY'S CULTURAL ANCHOR AND COMMUNAL GATHERING SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKING IMPROVEMENTS ON OWNED PROPERTIES NECESSARY TO PLACE THE PROPERTIES IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oakleigh Thorne Director, Chair | OfficerTrustee | 5 | $0 |
George T Whalen III Director, Treasurer | OfficerTrustee | 5 | $0 |
Ann Gifford Director, Secretary | OfficerTrustee | 5 | $0 |
Charles E Pierce Jr Director | Trustee | 5 | $0 |
Suzie Kovner Director | Trustee | 5 | $0 |
David Stack Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cora Cahan Consulting | 12/30/23 | $166,668 |
Structure Works Construction Construction | 12/30/23 | $870,008 |
Aac Contracting Llc Construction | 12/30/23 | $107,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,157,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,157,716 |
| Total Program Service Revenue | $0 |
| Investment income | $136,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,848,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,695 |
| Fees for services: Accounting | $31,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,643 |
| Advertising and promotion | $0 |
| Office expenses | $9,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,636 |
| Insurance | $24,797 |
| All other expenses | $0 |
| Total functional expenses | $367,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,029 |
| Savings and temporary cash investments | $2,245,491 |
| Pledges and grants receivable | $5,685,183 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,462 |
| Net Land, buildings, and equipment | $5,799,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,808,067 |
| Total assets | $22,517,846 |
| Accounts payable and accrued expenses | $207,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $405,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $612,843 |
| Net assets without donor restrictions | $8,449,898 |
| Net assets with donor restrictions | $13,455,105 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,517,846 |