Mill River Collaborative INC EIN 06-1507648

Mill River Collaborative INC FY2023 filing

EIN  06-1507648 Public charity (501(c)(3)) Stamford, CT Founded 1998
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/17/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds park development, operations, and maintenance for Mill River Park and other open spaces.
Leadership
Jeannette Compton · President & CEO · $202K
Money in and out
$3.8M revenue, $4.1M expenses
Bottom line
85% program efficiency

Funds park development, operations, and maintenance for Mill River Park and other open spaces. For fiscal year 2023 it reported $3.8M in revenue, $4.1M in expenses, and $14.7M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$4.1M
Pt IX · Ln 25
Net assets
$14.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$325K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.07 Fundraising $0.08
Program efficiency
85%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$3.8M
FY2023▼ -62%
Expenses
$4.1M
FY2023▲ +38%
Total assets
$22.5M
FY2023▼ -1%
Total liabilities
$7.8M
FY2023▲ +4%
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$4.1M
Pt IX · Ln 25
Net assets
$14.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$325K
Total assetsPt X · Ln 16$22.5M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

3 program services account for $3.5M of program spending, described in the organization's own filed words · FY2022.
01

Outreach and Education Program Service Accomplishments

1) served nearly 2,000 students through environmental education field trips by partnering with the stamford public schools and other area schools to hose trips aligned with the next generation science STANDARDS.2) continued to grow our stewards program which hosted nearly two dozen students during the school year and over the summer.

$1.4Mprogram expense
02

Operations & Land Management

Manage over 20 acres of park landscape and features INCLUDING:1) organic lawn and landscape MANAGEMENT2) invasive plant REMEDIATION3) cultivation of 6 acres of native plant meadows and entrance GARDENS4) snow removal, bathroom maintenance, trash & litter cleanup, river cleanup, and other seasonal CLEANING5) maintenance of hardscape…

$1.1Mprogram expense
03

Park Development

Accomplishments during the fiscal YEAR:1) completion and opening of the whittingham discovery CENTER.2) completion and opening of the greenway north path to the PUBLIC.3) planning and continued work on playground renovation, the middle corridor of the park and project development of community commons.

$937Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMill River Collaborative INC
EINHdr · item D06-1507648
Principal addressHdr · item CStamford, CT
WebsiteHdr · item Jwww.millriverpark.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N50Z)
Ruling yearIRS BMFJul 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$201,910Pt VII · Sec A
Director of Development
$157,834Pt VII · Sec A
Director of Capital Planning
$137,566Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeannette Compton’s $218K as President & CEO is at the 87th percentile of top reported officer pay among 1841 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jeannette Compton$218,236$202,039$201,910
Dudley Williams$186,923$180,000
Alicia Wettenstein$138,227$130,613$157,834$135,225$122,538
Mike Stake$155,228$143,462$137,566$128,947$127,648$122,920
Tom Casazzone$128,363$40,000
Nia Rhodes-Jackson$119,920$123,930
Nia Rhodes Jackson$119,340

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$3.6M · 96%
Program service revenue$314K · 8%
Investment income$95K · 3%
Contributions & grants96%$3.6M
Program service revenue8%$314K
Investment income3%$95K
— government grantsLn 1e$2.1M
Total revenueLn 12$3.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.07 Fundraising $0.08
Program services85%$3.5M
Management & general7%$293K
Fundraising8%$328K
Total functional expensesLn 25$4.1M

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$22.5M
Total liabilitiesLn 26$7.8M
Total net assetsLn 32$14.7M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $4.1M
5.4 months
Where the money goes
Program services
Program services $3.5M · Total expenses $4.1M
85%
Management & General
Management & general $293K · Total expenses $4.1M
7%
Fundraising
Fundraising $328K · Total expenses $4.1M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $273K · Solicited contributions (3-yr avg) $3.2M
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.6M · Total revenue $3.8M
96%
Government reliance
Government grants $2.1M · Total revenue $3.8M
57%
Earned-income share
Program service revenue $314K · Total revenue $3.8M
8%
Investment reliance
Investment income $95K · Total revenue $3.8M
+3%
Program self-sufficiency
Program service revenue $314K · Total expenses $4.1M
8%
Growth & trend
Revenue growth (YoY)
This year $3.8M · Prior year $9.8M
-62%
Net-asset trend (YoY)
End of year $14.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.8M · Expenses $4.1M
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $22.5M
Net-asset ratio
Net assets $14.7M · Total assets $22.5M
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeannette Compton · Reported title PRESIDENT & CEO · Highest reported compensation $202K · Total expenses $4.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $4.1M
44%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $42K · Gross raised $150K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 7%
Fundraising cost ratio 9%
Revenue growth -62%
Investment management fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1.2M

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$3.6M revenue · ⤓ 990 PDF
FY2023$3.8M revenue · viewing · ⤓ 990 PDF
FY2022$9.8M revenue · ⤓ 990 PDF
FY2021$3.3M revenue · ⤓ 990 PDF
FY2020$4.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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