2026-04-17T17:43:17-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2024-07-01 141413770 MILLBROOK SCHOOL MILL 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 JEFFREY SMITH CFO/COO 8456778261 2026-01-15 1 1 JOHN TOSCANO P00358542 8605614000 2026-04-08 2024 2025-03-06 01:10:19Z JONATHAN DOWNS 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 63999947 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. 25 24 208 27 -22383 0 7114107 10504769 25468364 26686901 2689251 7984896 413261 255099 35684983 45431665 5337001 5190356 0 0 14022559 14814219 19407 66366 2247854 14456073 14797145 33835040 34868086 1849943 10563579 171991768 184084211 33133963 33787839 138857805 150296372 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, SERVICE, STEWARDSHIP, AND CURIOSITY. 0 0 26854438 5190356 26876197 INDEPENDENT SECONDARY EDUCATION FOR APPROXIMATELY 330 BOARDING AND DAY STUDENTS. 26854438 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 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 1 117 0 1 208 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X JEFFREY SMITH 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 JONATHAN DOWNS HEAD OF SCHOOL 40.00 X X 468758 0 132673 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 (UNTIL 05/25) 1.00 X X 0 0 0 PAUL STAFFORD SECRETARY (AS OF 05/25) 1.00 X X 0 0 0 JOHN TUKE 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 THOMAS BUTTACAVOLLI TRUSTEE 1.00 X 0 0 0 STEPHEN CLEMENT III TRUSTEE (UNTIL 05/25) 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 DARCIE CRYSTAL TRUSTEE (AS OF 05/25) 1.00 X 0 0 0 CONSTANTINE DAKOLIAS TRUSTEE 1.00 X 0 0 0 KATHLEEN DILL TRUSTEE (UNTIL 05/25) 1.00 X 0 0 0 PHILIP DRURY 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 GORDON PENNOYER TRUSTEE 1.00 X 0 0 0 STEVE RODGERS TRUSTEE 1.00 X 0 0 0 STEVEN ROMICK TRUSTEE (AS OF 01/25) 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 CHARLOTTE TRACY TRUSTEE (UNTIL 05/25) 1.00 X 0 0 0 JAMES VITIELLO TRUSTEE 1.00 X 0 0 0 PAUL SIMONS TRUSTEE 1.00 X 0 0 0 CAROLINE A WAMSLER TRUSTEE (UNTIL 05/25) 1.00 X 0 0 0 JEFFREY SMITH CFO/COO 40.00 X 234953 0 87973 NANCY STAHL DIRECTOR OF PHILANTHROPY FOR TREVOR ZOO 40.00 X 202352 0 49331 NATALIE SMITH DIRECTOR OF ADVANCEMENT 40.00 X 168400 0 10338 JARRATT CLARKE ASSISTANT HOS FOR ACADEMIC 40.00 X 125277 0 55201 ALAN TOUSIGNANT DIRECTOR OF THE TREVOR ZOO 40.00 X 123567 0 66450 MEGHAN GROVER DIRECTOR OF ADMISSION 40.00 X 119004 0 91243 1442311 0 493209 14 0 1 0 ARAMARK SERVICES CORPORATION PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 2362175 UCE FINE BUILDERS INC 11 THOMASTON RD LITCHFIELD CT 06759 REPAIRS AND MAINTENANCE 958892 LCS COMPANIES INC 36 COTTAGE STREET POUGHKEEPSIE NY 12601 FACILITIES MAINTENANCE 790215 CIMCO REFRIGERATION INC 2502 COMMERCIAL PARK DRIVE MOBILE AL 36606 INSTALLATION OF CONDENSOR 243247 GEORGE APAP INC 1278 ROUTE 311 PATTERSON NY 12563 CONSTRUCTION SERVICES 227942 9 65575 10439194 3455128 10504769 TUITION AND FEES 611110 26357838 26357838 PROGRAM SUPPORTING REVENUES 611110 329063 329063 26686901 5698304 -22383 5720687 29691 0 29691 29691 29691 20372323 18085731 2286592 2286592 2286592 530550 482551 47999 47999 AUXILIARY REVENUE 611110 177409 141297 36112 177409 45431665 26876197 -22383 8073082 35000 35000 5155356 5155356 928231 92822 548810 286599 132993 132993 9462105 6671688 1882011 908406 660724 468119 130589 62016 2900343 2357514 370584 172245 729823 481683 167859 80281 3149 3149 72747 72747 66366 66366 217833 217833 112752 23266 89401 85 75983 41499 28882 5602 3311447 2900759 319919 90769 710642 710642 3680401 2576281 920100 184020 615391 553852 61539 FOOD SERVICE 2003225 2003225 INSTRUCTIONAL, ATHLETIC 1537369 1537369 ALUMNI, PUBLICATIONS AN 349353 69871 279482 FACULTY AND INSTRUCTION 257556 257556 1849297 854814 882500 111983 34868086 26854438 5765794 2247854 955148 354846 7652685 11716512 2199042 3254769 77298 387652 192284 184315 1341923 1350077 135291103 52037455 84196237 83253648 29054981 15066573 46088581 68285410 233589 230409 171991768 184084211 1914872 2895422 7186962 7265122 23989315 23625443 42814 1852 33133963 33787839 X 99133765 104215516 39724040 46080856 138857805 150296372 171991768 184084211 10563579 874988 0 X 0 1 X 1 0 X 18929167 4802536 7918809 7114107 10504769 49269388 18929167 4802536 7918809 7114107 10504769 49269388 3680275 45589113 263398 141829 971438 2224541 5750378 9351584 132 93 267 59 551 31823 33766 72057 51577 36112 225335 58846858 125204745 0.77470 0.68310 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. 2023 AMOUNT: $ 51,577. 2024 AMOUNT: $ 36,112. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70688664 1390501 8606499 1836094 876416 77973154 63458566 2153484 7686969 1767214 843141 70688664 57650690 2007048 6202233 1805617 595788 63458566 70310675 798562 -11397992 1579420 481135 57650690 49731533 8301382 14036451 1284195 474496 70310675 0.48180 0.51820 0.00000 0 0 1856213 1856213 123171937 47149533 76022404 5769550 4736094 1033456 4493403 151828 4341575 83253648 HEDGE FUND 64716290 F PRIVATE EQUITIES 3569120 F 68285410 STUDENT DEPOSITS 1852 1852 X 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 BOARD APPROVED SPENDING POLICY. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 AND 2024. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 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 STATE OFFICE OF PARKS, RECREATION, AND HISTORIC PRESERVATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 612521 0 0 0 0 0 0 612521 0 612521 1 0 0 0 1 0 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 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING 0 0 66366 0 66366 NY 1 TOWN OF STANFORDVILLE 26 TOWN HALL ROAD STANFORDVILLE NY 12581 TOWN STANFORDVILLE 22500 0 N/A N/A DONATION STANFORDVILLE FIRE COMPANY PO BOX 437 STANFORDVILLE NY 12581 222495157 501(C)(3) 7500 0 N/A N/A DONATION 2 0 FINANCIAL AID TO STUDENTS 81 5155356 FMV 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 USES CLARITY TO ASSESS 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. CLARITY 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 0 0 0 0 0 0 0 0 0 JONATHAN DOWNS HEAD OF SCHOOL 468758 0 0 0 0 0 33000 0 99673 0 601431 0 0 0 JEFFREY SMITH CFO/COO 234953 0 0 0 0 0 24250 0 63723 0 322926 0 0 0 NANCY STAHL DIRECTOR OF PHILANTHROPY FOR TREVOR 202352 0 0 0 0 0 20894 0 28437 0 251683 0 0 0 MEGHAN GROVER DIRECTOR OF ADMISSION 119004 0 0 0 0 0 12916 0 78327 0 210247 0 0 0 ALAN TOUSIGNANT DIRECTOR OF THE TREVOR ZOO 123567 0 0 0 0 0 12882 0 53568 0 190017 0 0 0 JARRATT CLARKE ASSISTANT HOS FOR ACADEMIC 125277 0 0 0 0 0 13068 0 42133 0 180478 0 0 0 NATALIE SMITH DIRECTOR OF ADVANCEMENT 168400 0 0 0 0 0 9744 0 594 0 178738 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, MEGHAN GROVER 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 AND JEFFREY SMITH. A DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045PE6 2021-08-31 25005587 CONSTRUCTION OF PROJECTS AND REFUNDING SERIES 2013 BONDS. 0 0 0 A 825000 22315000 15008541 323378 9269406 111874 292388 2024 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART II, PROCEEDS EXPLANATION THE DIFFERENCE BETWEEN THE ISSUE PRICE IN PART I, LINE A(E) AND THE TOTAL PROCEEDS FROM ISSUE REPRESENTS THE NET ORIGINAL ISSUE PREMIUM OF $2,690,587. ERIN DOWNS SPOUSE OF THE HEAD OF SCHOOL 40213 COMPENSATION AS THE SENIOR ASSOCIATE DIRECTOR OF COLLEGE COUNSELING 0 SARAH MACWRIGHT SPOUSE OF THE CFO/COO 92780 COMPENSATION AS THE PHOTOGRAPHY INSTRUCTOR 0 X 43 3455128 FMV 0 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 THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEAST FIVE MEMBERS OF THE BOARD OF TRUSTEES, ONE OF WHOM SHALL BE THE CHAIR OF THE BOARD. 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 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. ALL TRANSACTIONS, AGREEMENTS OR ANY OTHER ARRANGEMENTS BETWEEN THE CORPORATION AND A RELATED PARTY, AND ANY OTHER TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST, SHALL BE REVIEWED BY THE INDEPENDENT DIRECTORS OF THE BOARD. ALL RELATED PARTIES WITH A FINANCIAL INTEREST SHALL LEAVE THE ROOM IN WHICH SUCH DELIBERATIONS ARE CONDUCTED. THE INDEPENDENT DIRECTORS OF THE BOARD WILL THEN DETERMINE WHETHER THE CONTEMPLATED RELATED PARTY TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION. THE CORPORATION WILL NOT ENTER INTO ANY RELATED PARTY TRANSACTION UNLESS IT IS DETERMINED TO BE FAIR, REASONABLE AND IN THE BEST INTEREST OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A 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. THE CFO/COO'S COMPENSATION IS APPROVED BY THE HEAD OF SCHOOL. THIS PROCESS WAS LAST UNDERTAKEN IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. MILLBROOK GRAMERCY HOLDINGS LLC 131 MILLBROOK SCHOOL RD MILLBROOK NY 12545 814880573 INVESTMENTS NY 0 0 MILLBROOK SCHOOL