2021-02-09T09:44:55-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET P O BOX 272000 WEST HARTFORD CT 061272000 990 2019-07-01 141413770 MILLBROOK SCHOOL MILL 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 JEFFREY SMITH COO 8456778261 2021-02-01 1 JOHN TOSCANO P00358542 8605614000 2021-02-01 2019 2022-09-23 18:48:47Z DREW CASERTANO 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 37116882 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 24 219 0 66533 0 6629269 8686927 21206687 21250347 901446 133894 56655 53431 28794057 30124599 3933148 3933992 0 0 11689646 11775653 50093 11000 1513703 10594975 10201520 26267862 25922165 2526195 4202434 137034789 138607846 26574759 23655562 110460030 114952284 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 21390155 3933992 21237294 INDEPENDENT SECONDARY EDUCATION FOR APPROXIMATELY 328 BOARDING AND DAY STUDENTS. 21390155 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 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 1 121 0 1 219 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X JEFFREY SMITH 8456778261 131 MILLBROOK SCHOOL ROAD MILLBROOK NY 12545 DREW CASERTANO HEADMASTER 40.00 X X 397429 0 108732 JONATHAN DOWNS ACTING HEADMASTER PART-YEAR 40.00 X 194698 0 96757 ROBERT ANTHONY ASSISTANT TO HEADMASTER 40.00 X 203926 0 56774 JEFFREY SMITH COO 40.00 X 180267 0 54140 NANCY STAHL DIRECTOR OF DEVELOPMENT 40.00 X 184195 0 44063 SARAH FINNERTY DIRECTOR OF HEALTH SERVICES 40.00 X 123754 0 46747 WILLIAM HARDY ART TEACHER 40.00 X 129544 0 34298 KATHERINE HAVARD DEAN OF FACULTY 40.00 X 114652 0 36862 FRANSISCO L BORGES TRUSTEE 1.00 X 0 0 0 PETER R CHAPMAN SECRETARY 1.00 X 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 DEAN DAKOLIAS TRUSTEE 1.00 X 0 0 0 KATHLEEN DILL TRUSTEE 1.00 X 0 0 0 NICOLE SHEETZ FRITH 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 WILLIAM MENARD CHAIRMAN 1.00 X X 0 0 0 SEAN MCMANUS TRUSTEE 1.00 X 0 0 0 GORDON PENNOYER 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 PAUL SOLOMON VICE CHAIRMAN 1.00 X X 0 0 0 WILLIAM SOUDER TRUSTEE 1.00 X 0 0 0 PAUL STAFFORD TRUSTEE 1.00 X 0 0 0 RICHARD STUCKEY TREASURER 1.00 X X 0 0 0 CHARLOTTE TRACY TRUSTEE 1.00 X 0 0 0 CAROLINE A WAMSLER TRUSTEE 1.00 X 0 0 0 JING WANG TRUSTEE 1.00 X 0 0 0 1528465 0 478373 10 0 1 0 ARAMARK SERVICES CORPORATION 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICE 1638779 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION SERVICES 410428 VOITH & MAC TAVISH ARCHITECTS LLP 2401 WALNUT ST 6TH FLOOR PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 325776 LCS COMPANIES INC 36 COTTAGE ST POUGHKEEPSIE NY 12601 JANITORIAL SERVICES 248259 CONSIGLI CONSTRUCTION NY LLC 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION SERVICES 193445 12 1762846 6924081 372535 8686927 TUITION AND FEES 611110 20870424 20870424 AUXILIARY INCOME 611110 270170 203686 66484 PROGRAM SUPPORTING REV 611110 109753 109753 21250347 205437 36 205401 6686586 125 6758254 0 -71668 125 -71543 13 -71556 287460 234029 53431 53431 30124599 21237294 66533 133845 20000 20000 3913992 3913992 900696 70560 543372 286764 179321 179321 7516566 6577631 449053 489882 525532 471184 2820 51528 2076271 1811097 116780 148394 577267 464609 62268 50390 1918 1918 73500 73500 11000 11000 170599 170599 49070 26615 17761 4694 621328 508034 101965 11329 550801 550801 2929178 2050425 732295 146458 420800 378720 42080 REPAIRS AND MAINTENANCE 1623631 1461268 113654 48709 FOOD SERVICE 1153540 1153540 INSTRUCTIONAL, ATHLETIC 957473 957473 OTHER SUPPORT SERVICES 425445 425445 1224237 369440 590242 264555 25922165 21390155 3018307 1513703 11221252 11791796 475515 133112 6952232 6405466 126670 144847 166589 205436 361742 736427 109902706 41090679 69697427 68812027 11568336 10009448 35980452 39879755 484574 489532 137034789 138607846 1605159 1536540 8537656 5855866 16365286 15819449 66658 443707 26574759 23655562 X 81307468 84799692 29152562 30152592 110460030 114952284 137034789 138607846 4202434 289820 0 X X 0 1 X 1 0 X 11097240 11578752 10856370 6629269 6989773 47151404 11097240 11578752 10856370 6629269 6989773 47151404 12403806 34747598 1395557 644400 1969059 447119 205401 4661536 104029 49894 86526 65302 66533 372284 52185224 0.66590 0.67180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 264308 X X 0 49508492 1347981 481604 1158634 447910 49731533 46797266 2257051 1882716 1037744 390797 49508492 39665388 6628813 2199827 981394 715368 46797266 33581154 3806215 3539251 1261232 39665388 32479197 3329390 -979351 1248082 33581154 0.47340 0.52660 0.00000 0 0 1865213 1865213 101186879 35908676 65278203 5829505 4405305 1424200 1021109 776698 244411 68812027 HEDGE FUND 37623153 F PRIVATE EQUITIES 2256602 F 39879755 STUDENT DEPOSITS 107361 REFUNDABLE ADVANCE 336346 443707 26623857 289820 60000 234029 583849 26040008 170599 3913992 4084591 30124599 22131603 60000 234029 294029 21837574 170599 3913992 4084591 25922165 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 XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 234,029. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,913,992. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 234,029. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,913,992. 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 RECEIVES AN OPERATING GRANT FOR THE TREVOR ZOO FROM THE STATE OF NEW YORK. ADDITIONALLY, ON APRIL 29, 2020, THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN OF $2,033,500 GRANTED BY THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT. THE SCHOOL DOES NOT OTHERWISE RECEIVE FEDERAL FINANCIAL ASSISTANCE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 1915894 0 0 0 0 0 0 1915894 0 1915894 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 1 RICHARD BOARDMAN 17 LONGFELLOW ROAD WELLESLEY MA 02481 FUNDRAISING CONSULTING 0 0 11000 0 11000 NY 1 TOWN OF WASHINGTON PO BOX 667 MILLBROOK NY 12545 10000 CASH DONATION TOWN OF STANFORD 26 TOWN HALL ROAD PO BOX 436 STANFORDVILLE NY 12581 10000 CASH DONATION 2 FINANCIAL AID TO STUDENTS 89 3913992 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 SERVUCES (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 0 0 X X X 0 1 0 0 0 0 0 0 0 DREW CASERTANO HEADMASTER 376213 0 0 0 21216 0 38654 0 70078 0 506161 0 0 0 JONATHAN DOWNS ACTING HEADMASTER PART-YEAR 191792 0 0 0 2906 0 16478 0 80279 0 291455 0 0 0 ROBERT ANTHONY ASSISTANT TO HEADMASTER 203926 0 0 0 0 0 21192 0 35582 0 260700 0 0 0 JEFFREY SMITH COO 180267 0 0 0 0 0 13415 0 40725 0 234407 0 0 0 NANCY STAHL DIRECTOR OF DEVELOPMENT 184195 0 0 0 0 0 19010 0 25053 0 228258 0 0 0 SARAH FINNERTY DIRECTOR OF HEALTH SERVICES 109554 0 0 0 14200 0 6877 0 39870 0 170501 0 0 0 WILLIAM HARDY ART TEACHER 79544 0 0 0 50000 0 8092 0 26206 0 163842 0 0 0 KATHERINE HAVARD DEAN OF FACULTY 111652 0 0 0 3000 0 11265 0 25597 0 151514 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 AND INCLUDED AS OTHER REPORTABLE COMPENSATION: A) A VEHICLE AVAILABLE FOR PERSONAL USE B) MEMBERSHIP TO SOCIAL CLUBS (PAID FOR DIRECTLY BY THE SCHOOL) PART I, LINE 4B: DURING CALENDAR YEAR 2019, MR. CASERTANO PARTICIPATED IN A DEFERRED COMPENSATION PLAN, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO WHICH CERTAIN AMOUNTS WERE CREDITED BY THE SCHOOL. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. A DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION SERIES 2013A 273106797 NONEAVAIL 2013-08-29 12640497 CONSTRUCTION OF NEW GIRLS DORMITORY, FACILITIES BUILDING, DINING HALL. 0 0 0 B DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION SERIES 2013B 273106797 NONEAVAIL 2013-08-29 10359503 CONSTRUCTION OF PROJECTS AND REFUNDING SERIES 2008 BONDS AND LOC. 0 0 0 A 916000 7983382 7983382 4576618 2043 0 0 1 1 B 1280503 10359503 10011206 348297 2043 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 LINDA CASERTANO SPOUSE OF THE HEADMASTER 46284 COMPENSATION AS THE DIRECTOR OF FINANCIAL AID 0 SARAH MACWRIGHT SPOUSE OF THE CHIEF OPERATING OFFICER 86336 COMPENSATION AS THE ARTS DEPARTMENT CHAIR 0 ERIN DOWNS SPOUSE OF ACTING HEADMASTER 46701 COMPENSATION AS THE ASSOCIATE DIRECTOR OF COLLEGE COUNSELING 0 X 25 338780 FMV X OTHER 3 17755 FMV X RECEPTIONS 8 16000 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. 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 11B AFTER 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 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 HEADMASTER 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. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. MILLBROOK GRAMERCY HOLDINGS LLC 131 MILLBROOK SCHOOL RD MILLBROOK NY 12545 814880573 INVESTMENTS NY 1915894 MILLBROOK SCHOOL