2012-05-15T13:52:52-05:00 2011-06-30 JH COHN LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2010-07-01 141413770 MILLBROOK SCHOOL MILL 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 ROBERT W CONNOLLY 8456778261 2012-05-14 1 FRANK SAMBOR 8606333000 2010 2016-02-24 21:20:13Z DREW CASERTANO 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 21397521 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. 18 17 155 0 0 0 3392965 6760034 11496911 12108090 973938 639608 170957 107938 16034771 19615670 2408658 2471509 0 0 6469990 7123871 40684 44960 1093833 6458016 6477526 15377348 16117866 657423 3497804 65881233 72167369 10717639 11736464 55163594 60430905 X MILLBROOK SCHOOL IS A SMALL, COEDUCATIONAL, COLLEGE PREPARATORY BOARDING SCHOOL WHERE CLOSE, NURTURING, AND STIMULATING RELATIONSHIPS BETWEEN STUDENTS AND THEIR TEACHERS HAVE BEEN THE SCHOOL'S HALLMARK SINCE ITS FOUNDING. OUR GOAL IS TO PROMOTE IN EACH STUDENT THE INTELLECTUAL, EMOTIONAL, SPIRITUAL, AND PHYSICAL GROWTH WHICH WILL LEAD TO A LIFE BOTH INDIVIDUALLY SATISFYING AND VALUABLE TO THE GREATER SOCIETY. 0 0 12954966 2471509 12108090 INDEPENDENT SECONDARY SCHOOL WITH BOARDING STUDENTS AND DAY STUDENTS. APPROXIMATELY 275 STUDENTS ATTEND THE SCHOOL ANNUALLY. 12954966 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 79 0 1 155 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X ROBERT W CONNOLLY 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 WILLIAM B MCNAMARA 1.00 X X 0 0 0 PAUL SOLOMON 1.00 X X 0 0 0 WILLIAM R HETTINGER 1.00 X X 0 0 0 DREW J CASERTANO 40.00 X X 334401 0 162745 DREW W EFFRON 1.00 X 0 0 0 PETER R CHAPMAN 1.00 X 0 0 0 CYNTHIA CHACE GRAY 1.00 X 0 0 0 WILLIAM L CROSSMAN 1.00 X 0 0 0 CHRISTOPHER HOLBROOK 1.00 X 0 0 0 MARTIN W LYNN 1.00 X 0 0 0 SANDRA HOLBROOK JAMES 1.00 X 0 0 0 HAMPTON S LYNCH III 1.00 X 0 0 0 WILLIAM L MENARD 1.00 X 0 0 0 TRACY MERRILL 1.00 X 0 0 0 GILBERT P SHAFER 1.00 X 0 0 0 ANNE B PUTNAM 1.00 X 0 0 0 BRADLEY REIFLER 1.00 X 0 0 0 CAROLINE A WAMSLER 1.00 X 0 0 0 ROBERT CONNOLLY 40.00 X 137675 0 22818 ROBERT ANTHONY 40.00 X 105092 0 26560 577168 0 212123 3 0 1 0 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 303848532 FOOD CONTRACTOR 939087 CLARK COMPANIES BURTON F CLARK INC DELHI NY 13753 CONSTRUCTION COMPANY 546170 VOITH & MACTAVISH 1616 WALNUT STREET 24TH FLOOR PHILADELPHIA PA 19103 ARCHITECTURE 175543 FASTRACS RENTALS INC PO BOX 56 12 CAMP LANE RED HOOK NY 125711447 CONSTRUCTION COMPANY 124736 KIRSHON & COMPANY 311 MILL STREET POUGHKEEPSIE NY 126014839 ACCOUNTING AND AUDIT 121693 5 6760034 274875 6760034 TUITION AND FEES, NET 611110 11674837 11674837 PROGRAM SUPPORTING REV 611110 433253 433253 12108090 650076 650076 1613769 1624237 -10468 -10468 -10468 265552 157614 107938 107938 19615670 12108090 0 747546 2471509 2471509 674920 424910 250010 4753209 4331804 98824 322581 266959 227112 6767 33080 1040037 865373 72199 102465 388746 313782 34865 40099 45545 45545 106462 106462 44960 44960 15798 15798 28605 28605 89478 38368 42040 9070 751392 601114 135251 15027 62674 56407 6267 370512 370512 1598301 1118811 399575 79915 263074 236767 26307 FOOD SERVICE 881272 881272 INSTRUCTIONAL, ATHLETIC 581544 581544 REPAIRS AND MAINTENANCE 552234 497011 38656 16567 ALUMNI, PUBLICATION, AN 236135 59034 177101 STUDENT ACTIVITIES AND 193771 193771 700729 511716 186055 2958 16117866 12954966 2069067 1093833 12149 4956 459151 495054 2280303 4653360 143590 161120 107075 84549 67410 210661 60985107 19557814 42489098 41427293 19713606 20723368 158708 3910920 450143 496088 65881233 72167369 1391316 1214917 1295514 1516946 7914187 8020000 1079483 10809 10931 10717639 11736464 X 38048673 39984806 1516004 4655714 15598917 15790385 55163594 60430905 65881233 72167369 X 3497804 1769507 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142155 X X 0 19869758 3326001 3071183 2250204 24016738 20406046 760667 2408687 3705642 19869758 23141714 913145 -3235917 412896 20406046 0.34000 0.66000 0 0 1199517 1199517 56113532 16727518 39386014 3449175 2830296 618879 222883 222883 41427293 HEDGE FUND 3463258 F INVESTMENT IN PARTNERSHIP 447662 C 3910920 STUDENT DEPOSITS 10931 10931 19615670 16117866 3497804 2460250 -690743 1769507 5267311 19762025 2460250 157614 2617864 17144161 2471509 2471509 19615670 13803971 157614 157614 13646357 2471509 2471509 16117866 PART III, LINE 1A: THE SCHOOL HAS A COLLECTION OF ARTWORK, RECORDED AT $142,155, 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 REPRESENTS PAINTINGS, PICTURES, AND SCULPTURES THAT HAVE BEEN RECEIVED AS DONATIONS. THEY ARE DISPLAYED AT VARIOUS LOCATIONS THROUGHOUT THE CAMPUS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2011. THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2008 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 STATEMENT OF FINANCIAL POSITION. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 157,614. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,471,509. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 157,614. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,471,509. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 1) ANNUALLY IN THE NEW YORK TIMES AND LOCAL NEWPAPERS 2) CATALOGUES MAILED TO POTENTIAL STUDENTS 3) WEBSITE X X X X X 0 BROWNING AND ASSOCIATES 1205 HOLLY LANE CEDAR GROVE NJ 07009 DEVELOPMENT 0 0 3382 -3382 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 DEVELOPMENT 0 0 41578 -41578 44960 -44960 1 FINANCIAL AID TO STUDENTS 71 2113459 FAIR MARKET VALUE GRANTS REPRESENT FINANCIAL AID PROVIDED TO STUDENTS BASED UPON NEED. FINANCIAL AID TO FACULTY MEMBERS STUDENTS 11 358050 FAIR MARKET VALUE FAMILY MEMBERS OF FACULTY STAFF ARE PROVIDED FREE TUITION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE IN THE FORM OF TUITION, FEES OR OTHER INCIDENTAL COST WAIVERS BASED UPON FINANCIAL NEED. X X 0 0 X X X X 0 1 0 0 0 0 0 0 0 DREW J CASERTANO 334401 0 0 0 0 0 146690 0 16055 0 497146 0 0 0 ROBERT CONNOLLY 137675 0 0 0 0 0 7531 0 15287 0 160493 0 0 0 PART I, LINE 1A MOST FACULTY MEMBERS ARE REQUIRED TO LIVE ON CAMPUS. ACCORDINGLY, THE SCHOOL PROVIDES HOUSING TO ALL ELIGIBLE FACULTY MEMBERS BASED ON AVAILABILITY. IN ADDITION, PER THE TERMS OF THE EMPLOYMENT AGREEMENTS THE FOLLOWING BENEFITS ARE AVAILABLE: A) A HOUSING ALLOWANCE FOR REIMBURSEMENT OF EXPENSES RELATED TO A PERSONAL RESIDENCE B) MEMBERSHIP TO SOCIAL CLUBS (PAID FOR DIRECTLY BY THE SCHOOL) C) PAYMENT OF MILLBROOK SCHOOL DAY STUDENT TUITION GROSSED UP FOR INCOME TAXES FOR CHILDREN'S USE AT COLLEGE. PART I, LINE 4B DREW CASERTANO, HEADMASTER, DEFERRED COMPENSATION $125,000 DUTCHESS COUNTY INDUSTRIAL DEVELOPMENT AGENCY 141613685 NONEAVAIL 2008-01-30 8000000 CONSTRUCTION OF MATH AND SCIENCE CENTER 0 0 0 8000000 124079 7875921 2008 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 LINDA CASERTANO SPOUSE OF THE HEADMASTER 87521 LINDA WORKS AS THE ASSOCIATE DIRECTOR OF ADMISSIONS. 0 VIRGINIA CONNOLLY SPOUSE OF THE CFO 7550 VIRGINIA WORKS AS A PART TIME ASSOCIATE OF THE FLAGLER LIBRARY. 0 X 5 91930 FAIR MARKET VALUE X 1 182945 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE BOARD HAS CREATED VARIOUS COMMITTEES TO PERFORM CERTAIN FUNCTIONS ON BEHALF OF THE BOARD. HOWEVER, THE COMMITTEES' ACTIONS ARE REVIEWED AND RATIFIED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 MEMBERS OF THE AUDIT COMMITTEE AND THE HEADMASTER REVIEW FORM 990 AND APPROVE IT FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SENDS TO EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE A QUESTIONAIRE 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 HEADMASTER AND KEY EMPLOYEES IS APPROVED BY THE BOARD OF TRUSTEES. IT IS GENERALLY BASED ON A REVIEW OF COMPENSATION PACKAGES OFFERED BY SIMILAR SCHOOLS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,460,250. PRIOR PERIOD ADJUSTMENTS: -690,743. TOTAL TO FORM 990, PART XI, LINE 5: 1,769,507. PART XII LINE 2C THERE HAS BEEN NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.