2024-03-07T14:25:21-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 141413770 MILLBROOK SCHOOL MILL 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 JEFFREY SMITH CFO/COO 8456778261 2024-05-15 1 JEFFREY SMITH XXX-XX-XXXX 0 JOHN TOSCANO P00358542 8605614000 2024-03-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JONATHAN DOWNS 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 48443692 0 X WWW.MILLBROOK.ORG X 1932 NY MILLBROOK SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL WHICH OFFERS COLLEGE PREPARATORY EDUCATION TO ITS BOARDING AND DAY STUDENTS. 27 26 219 26 267 0 4802536 7918809 23522069 24446984 169222 536994 314379 400225 28808206 33303012 4694327 5211013 0 0 12732121 13319753 0 20437 2109928 12755892 14466352 30182340 33017555 -1374134 285457 162624887 166052069 36716987 34467226 125907900 131584843 IN A COMMUNITY WHERE EVERY STUDENT IS KNOWN AND NEEDED, MILLBROOK PREPARES ITS STUDENTS FOR COLLEGE AND LIVES OF MEANING AND CONSEQUENCE BY INSTILLING THE VALUES OF RESPECT, INTEGRITY, STEWARDSHIP, SERVICE AND CURIOSITY. 0 0 27297407 5211013 24744302 INDEPENDENT SECONDARY EDUCATION FOR APPROXIMATELY 330 BOARDING AND DAY STUDENTS. 27297407 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 148 0 1 219 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X JEFFREY SMITH 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 JONATHAN DOWNS HEAD OF SCHOOL 40.00 X X 340066 0 110615 WILLIAM MENARD CHAIRMAN 1.00 X X 0 0 0 PAUL SOLOMON VICE CHAIRMAN 1.00 X X 0 0 0 PETER R CHAPMAN SECRETARY 1.00 X X 0 0 0 RICHARD STUCKEY TREASURER 1.00 X X 0 0 0 J'NELLE N AGEE TRUSTEE 1.00 X 0 0 0 SAMANTHA BOARDMAN TRUSTEE 1.00 X 0 0 0 FRANCISCO L BORGES TRUSTEE 1.00 X 0 0 0 STEPHEN CLEMENT III TRUSTEE 1.00 X 0 0 0 KELLY MACALUSO COLES TRUSTEE 1.00 X 0 0 0 TREVOR COLHOUN TRUSTEE 1.00 X 0 0 0 MORGAN CONRAD TRUSTEE 1.00 X 0 0 0 CONSTANTINE DAKOLIAS TRUSTEE 1.00 X 0 0 0 KATHLEEN DILL TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HOLBROOK TRUSTEE 1.00 X 0 0 0 THEODORE KARATZ TRUSTEE 1.00 X 0 0 0 ALISON J MARSAL TRUSTEE 1.00 X 0 0 0 SEAN MCMANUS OUTGOING TRUSTEE 1.00 X 0 0 0 GORDON PENNOYER TRUSTEE 1.00 X 0 0 0 STEVE RODGERS TRUSTEE 1.00 X 0 0 0 GILBERT P SCHAFER III TRUSTEE 1.00 X 0 0 0 LISA SELZ TRUSTEE 1.00 X 0 0 0 PAUL SIMONS TRUSTEE 1.00 X 0 0 0 WILLIAM SOUDER TRUSTEE 1.00 X 0 0 0 PAUL STAFFORD TRUSTEE 1.00 X 0 0 0 CHARLOTTE TRACY TRUSTEE 1.00 X 0 0 0 JAMES VITIELLO TRUSTEE 1.00 X 0 0 0 CAROLINE A WAMSLER TRUSTEE 1.00 X 0 0 0 JEFFREY SMITH CFO/COO 40.00 X 203704 0 76083 ROBERT ANTHONY ASST TO THE HOS FOR EXTERNAL AFFAIRS 40.00 X 161184 0 40413 JARRATT CLARKE ASSISTANT HOS FOR ACADEMICS 40.00 X 110096 0 50965 HAJNALKA COON CONTROLLER 40.00 X 108475 0 101468 NANCY STAHL DIRECTOR OF ADVANCEMENT 40.00 X 194047 0 43705 ALAN TOUSIGNANT DIRECTOR OF THE TREVOR ZOO 40.00 X 117237 0 63746 DREW CASERTANO FORMER HEAD OF SCHOOL 1.00 X 309000 0 0 1543809 0 486995 13 1 1 0 CONSIGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION SERVICES 2622300 ARAMARK SERVICES CORPORATION PO BOX 978839 DALLAS TX 75397 FOOD SERVICE 2298349 LCS COMPANIES INC 36 COTTAGE ST POUGHKEEPSIE NY 12601 HOUSEKEEPING SERVICES 661076 VOITH & MAC TAVISH ARCHITECTS LLP 2401 WALNUT ST 6TH FLOOR PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 570907 SLAM ARCHITECTS & ENGINEERS P C P O BOX 35 BRATTLEBORO VT 05302 ARCHITECTURAL SERVICES 255457 15 81660 7837149 533645 7918809 TUITION AND FEES 611110 24147239 24147239 PROGRAM SUPPORTING REVENUES 611110 299745 299745 24446984 940855 267 940588 30850 0 30850 30850 30850 14389714 14352684 440891 37030 -440891 -403861 -403861 445721 347105 98616 98616 OTHER REVENUE 611110 270759 198702 72057 270759 33303012 24744302 267 639634 30000 30000 5181013 5181013 749819 46172 472786 230861 170609 170609 8868957 7349407 640246 879304 589548 504409 3364 81775 2273495 2067415 53402 152678 667325 524964 69158 73203 12870 12870 75490 75490 20437 20437 174534 174534 111705 31581 79975 149 52177 27587 18071 6519 3648253 3195542 356227 96484 794623 794623 3417175 2392023 854294 170858 538349 484514 53835 FOOD SERVICE 1955295 1955295 INSTRUCTIONAL, ATHLETIC 1517824 1517824 ALUMNI, PUBLICATIONS AN 430228 86046 344182 FACULTY AND INSTRUCTION 267913 267913 1469916 756516 659922 53478 33017555 27297407 3610220 2109928 11023278 5804573 8843390 6106858 4212498 3979153 145929 124734 210002 221886 1025151 1090797 126400555 44853985 74598647 81546570 11672259 18420052 50397072 48259236 496661 498210 162624887 166052069 3149349 2728885 8964121 7400631 24546239 24288014 57278 49696 36716987 34467226 X 90042205 94579510 35865695 37005333 125907900 131584843 162624887 166052069 285457 5391486 0 X X 0 1 X 1 0 X 6629269 6989773 18929167 4802536 7918809 45269554 6629269 6989773 18929167 4802536 7918809 45269554 14207088 31062466 447119 205401 263398 141829 971438 2029185 65302 66533 132 93 267 132327 31823 33766 72057 137646 47568712 114685895 0.65300 0.63820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 31,823. 2021 AMOUNT: $ 33,766. 2022 AMOUNT: $ 72,057. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 264308 X X 0 57650690 2007048 6202233 1805617 595788 63458566 70310675 798562 -11397992 1579420 481135 57650690 49731533 8301382 14036451 1284195 474496 70310675 49508492 1347981 481604 1158634 447910 49731533 46797266 2257051 1882716 1037744 390797 49508492 0.46950 0.53050 0.00000 0 0 1865213 1865213 113803217 41114560 72688657 5937989 3739425 2198564 4794136 4794136 81546570 HEDGE FUND 46049728 F PRIVATE EQUITIES 2209508 F 48259236 STUDENT DEPOSITS 49696 49696 X PART III, LINE 1A: THE SCHOOL HAS A COLLECTION OF ARTWORK, RECORDED AT $264,308, WHICH IS ON PUBLIC DISPLAY THROUGHOUT ITS CAMPUS BUILDINGS. THE SCHOOL FOLLOWS A POLICY OF CAPITALIZING THE COLLECTION OF ARTWORK IN ITS FINANCIAL STATEMENTS. ACCORDINGLY, COLLECTION ITEMS ARE RECOGNIZED AS ASSETS, WHETHER THEY ARE PURCHASED OR RECEIVED AS A CONTRIBUTION. PART III, LINE 4: THE ART COLLECTIONS GENERALLY PRESENTS PAINTINGS, PICTURES, AND SCULPTURES THAT HAVE BEEN RECEIVED AS DONATIONS. THEY ARE DISPLAYED AT VARIOUS LOCATIONS THROUGHOUT THE CAMPUS. PART V, LINE 4: INCOME FROM THE SCHOOL'S ENDOWMENT IS APPROPRIATED FOR STUDENT FINANCIAL AID, TEACHER'S SALARIES AND BENEFITS, AND OPERATING EXPENSES OF THE SCHOOL. APPROPRIATIONS ARE MADE IN ACCORDANCE WITH DONOR RESTRICTIONS, AND THE SCHOOL'S APPROVED SPENDING POLICY. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2023 AND 2022. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 1) ANNUALLY IN THE NEW YORK TIMES 2) CATALOGUES MAILED TO POTENTIAL STUDENTS 3) WEBSITE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED AN OPERATING GRANT FOR THE TREVOR ZOO FROM THE STATE OF NEW YORK AND RECIEVED A SEPARATE OPERATING GRANT FROM DUTCHESS COUNTY LEARN, PLAY, CREATE: SUPPORTING OUR KIDS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTING 1622020 0 0 0 0 0 0 1622020 0 1622020 1 0 0 0 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3: THE INVESTMENTS LISTED IN PART I ARE PART OF THE SCHOOL'S ENDOWMENT FUND. X X X X X X 1 RON JOYCE 309 OAKWOOD DRIVE YARMOUTH ME 04096 CONSULTING 0 0 20437 0 20437 1 TOWN OF WASHINGTON PO BOX 667 MILLBROOK NY 12545 TOWN OF WASHINGTON 7500 0 CASH DONATION TOWN OF STANFORD 26 TOWN HALL ROAD PO BOX 436 STANFORDVILLE NY 12581 TOWN OF STANFORD 10000 0 CASH DONATION STANFORD FIRE COMPANY PO BOX 437 STANFORDVILLE NY 12581 222495157 501(C)(3) 7500 0 CASH DONATION FINANCIAL AID TO STUDENTS 101 5181013 FAIR MARKET VALUE GRANTS REPRESENT FINANCIAL AID PROVIDED TO STUDENTS BASED UPON NEED. PART I, LINE 2: FINANCIAL AID IS OFFERED TO QUALIFIED STUDENTS ON THE BASIS OF THE DEMONSTRATED FINANCIAL NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS. THE SCHOOL SUBSCRIBES TO THE SCHOOL AND STUDENT SERVICES (SSS). SSS ASSESSES A FAMILY'S FINANCIAL NEED BY TAKING THE DETAILED FINANCIAL INFORMATION SUPPLIED BY THE FAMILY AND APPLYING IT TO A FORMULA NATIONALLY ACCEPTED BY INDEPENDENT SCHOOLS. SSS THEN PREPARES A REPORT OF FAMILY CONTRIBUTION (RFC), WHICH IT SENDS TO THE SCHOOL WITH ITS RECOMMENDATION AS TO THE AMOUNT WHICH THE FAMILY CAN CONTRIBUTE TOWARD THEIR CHILD'S EDUCATION. THE SCHOOL'S FINANCIAL AID COMMITTEE WILL USE THIS RECOMMENDATION AS A STARTING POINT FOR DETERMINING A FAMILY'S AWARD, BEARING IN MIND THAT THERE ARE MANY SPECIAL CONDITIONS SURROUNDING EACH FAMILY'S FINANCIAL SITUATION. THE FINANCIAL AID COMMITTEE ALSO TAKES INTO ACCOUNT A FAMILY'S STRENGTH RELATIVE TO ALL OF THE FAMILIES WHO ARE APPLYING FOR AID AS WELL AS THE AVAILABILITY OF FUNDS WHICH THE SCHOOL HAS BUDGETED FOR THS PURPOSE. X X X 0 0 X X X 1 0 0 0 0 0 0 0 0 JONATHAN DOWNS HEAD OF SCHOOL 322273 0 0 0 17793 0 33475 0 77140 0 450681 0 0 0 DREW CASERTANO FORMER HEAD OF SCHOOL 0 0 0 0 309000 0 0 0 0 0 309000 0 0 0 JEFFREY SMITH CFO/COO 201634 0 0 0 2070 0 16632 0 59451 0 279787 0 0 0 NANCY STAHL DIRECTOR OF ADVANCEMENT 194047 0 0 0 0 0 19990 0 23715 0 237752 0 0 0 HAJNALKA COON CONTROLLER 108475 0 0 0 0 0 11984 0 89484 0 209943 0 0 0 ROBERT ANTHONY ASST TO THE HOS FOR EXTERNAL AFFAIRS 158789 0 0 0 2395 0 16487 0 23926 0 201597 0 0 0 ALAN TOUSIGNANT DIRECTOR OF THE TREVOR ZOO 115137 0 0 0 2100 0 12143 0 51603 0 180983 0 0 0 JARRATT CLARKE ASSISTANT HOS FOR ACADEMICS 110096 0 0 0 0 0 11300 0 39665 0 161061 0 0 0 PART I, LINE 1A FACULTY MEMBERS AND OTHER EMPLOYEESS THAT RECEIVE HOUSING ARE REQUIRED TO RESIDE ON CAMPUS AS A CONDITON OF EMPLOYMENT. HOUSING IS AVAILABLE BASED ON AVAILABILITY. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. THE FOLLOWING INDIVIDUALS, LISTED ON PART II, RECEIVED HOUSING: JONATHAN DOWNS, JEFFREY SMITH, ALAN TOUSIGNANT, AND JARRATT CLARKE. IN ADDITION, PER THE TERMS OF THE EMPLOYMENT AGREEMENTS THE FOLLOWING BENEFITS ARE AVAILABLE AND INCLUDED AS OTHER REPORTABLE COMPENSATION: A) A VEHICLE AVAILABLE FOR PERSONAL USE, RECEIVED BY JONATHAN DOWNS B) MEMBERSHIP TO SOCIAL CLUBS (PAID FOR DIRECTLY BY THE SCHOOL), RECEIVED BY JONATHAN DOWNS, JEFFREY SMITH, AND ROBERT ANTHONY. PART I, LINE 4A DURING CALENDAR YEAR 2022, MR. CASERTANO THE FORMER HEAD OF SCHOOL, RECEIVED THE FINAL INSTALLMENTS OF HIS SEVERANCE AGREEMENTS TOTALING $309,000. THIS IS REPORTED AS OTHER REPORTABLE COMPENSATION. A DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045PE6 2021-08-31 25005587 CONSTRUCTION OF PROJECTS AND REFUNDING SERIES 2013 BONDS. 0 0 0 A 250000 22315000 15008541 323378 6820702 111875 2741091 2021 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, SCHEDULE K, PART I, LINE A(E) AND PART II, LINE 3A THE DIFFERENCE BETWEEN THE ISSUE PRICE IN PART I, LINE A(E) AND THE TOTAL PROCEEDS FROM ISSUE REPRESENTS THE NET ORIGIONAL ISSUE PREMIUM OF $2,690,587. ERIN DOWNS SPOUSE OF THE HEAD OF SCHOOL 91081 COMPENSATION AS THE SENIOR ASSOCIATE DIRECTOR OF COLLEGE COUNSELING 0 SARAH MACWRIGHT SPOUSE OF THE CFO/COO 79528 COMPENSATION AS THE PHOTOGRAPHY INSTRUCTOR 0 X 32 528750 FMV X INSTRUCTIONAL SUPPLIES 1 4895 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNTS INCLUDED IN PART I, COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE, ALL POWERS OF THE BOARD OF TRUSTEES, EXCEPT THE POWERS OF MAKING REMOVALS FROM OFFICE AND CHANGING THE BY-LAWS OF THE CORPORATION, OR ANY ACTION PROHIBITED BY APPLICABLE LAW. MINUTES OF EACH MEETING ARE MAINTAINED, AND ANY ACTIONS TAKEN BY THE EXECTUTIVE COMMITTEE ARE REPORTED BY THE CHAIR OF THE BOARD OF TRUSTEES AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 DURING 2022, THE SCHOOL AMENDED ITS BYLAWS TO INCREASE THE NUMBER OF TRUSTEES FROM 25 TO 31. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY THE AUDIT COMMITTEE, THE ENTIRE FORM 990, EXCEPT FOR SCHEDULE B, IS PROVIDED TO THE FULL BOARD THROUGH THE BOARD PORTAL FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. SCHEDULE B IS NOT PROVIDED IN ORDER TO PROTECT THE PRIVACY OF THE SCHOOL'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SENDS TO EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE A QUESTIONNAIRE ON ANY CONFLICTS OF INTEREST. ALL OTHER EMPLOYEES ARE MADE AWARE OF THE POLICY, AND ENCOURAGED TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. IT IS GENERALLY BASED ON A REVIEW OF COMPENSATION PACKAGES OFFERED BY SIMILAR SCHOOLS IN THE AREA. THIS PROCESS WAS LAST UNDERTAKEN IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. MILLBROOK GRAMERCY HOLDINGS LLC 131 MILLBROOK SCHOOL RD MILLBROOK NY 12545 814880573 INVESTMENTS NY 0 1622020 MILLBROOK SCHOOL