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Millbrook Library Trust EIN 13-6078769

Millbrook Library Trust

EIN  13-6078769 Mutual-benefit / member-serving Millbrook, NY Founded 1929
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Size
$100K–1M
What they do
Funds the Millbrook Library's programs and resources.
Leadership
Bank of Millbrook · Trustee · $43K
Money in and out
$433K revenue, $296K expenses
Bottom line
+32% surplus margin

Funds the Millbrook Library's programs and resources. For fiscal year 2025 it reported $433K in revenue, $296K in expenses, and $12.2M in net assets.Pt I

Reported financial activity · FY2025
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$12.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $137K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Surplus margin
+32%
revenue over expenses, this year▼ -61% vs prior filing year
Program spending
84%
of expenses reach programs▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$433K
FY2025▼ -63%
Expenses
$296K
FY2025▲ +34%
Total assets
$12.2M
FY2025▲ +99%
Total liabilities
$0
FY2025
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$12.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$12.2M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $250K of program spending, described in the organization's own filed words · FY2025.
01

Trust income is used by the millbrook library for operating expenses to carry out educational activities.

$250Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMillbrook Library Trust
EINHdr · item D13-6078769
Principal addressHdr · item CMillbrook, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1929
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(91) · active
NTEE classificationIRS BMFEducation (B71I)
Ruling yearIRS BMFOct 1982

Governance & Policies

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$42,611Pt VII · Sec A

Bank of Millbrook’s $43K as Trustee is at the 33rd percentile of top reported officer pay among 1615 $100K–1M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bank of Millbrook$42,611$38,301$31,622$30,058$27,954$27,954

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
Investment income100%$433K
Total revenueLn 12$433K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$250K
Management & general16%$46K
Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$12.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$12.2M
Months of cash on handcomputed61.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.2M · Operating expenses/yr $296K
495.5 months
Where the money goes
Program services
Program services $250K · Total expenses $296K
84%
Management & General
Management & general $46K · Total expenses $296K
16%
Fundraising
Fundraising $0 · Total expenses $296K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $433K
0%
Government reliance
Government grants — · Total revenue $433K
—
Earned-income share
Program service revenue $0 · Total revenue $433K
0%
Investment reliance
Investment income $433K · Total revenue $433K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $296K
0%
Growth & trend
Revenue growth (YoY)
This year $433K · Prior year $1.2M
-63%
Revenue CAGR
FY2020 $168K · FY2025 $433K
+21%
Net-asset trend (YoY)
End of year $12.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $433K · Expenses $296K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $12.2M
—
Net-asset ratio
Net assets $12.2M · Total assets $12.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.2M
87%
People & payroll
Highest Reported Total Compensation
Individual Bank of Millbrook · Reported title TRUSTEE · Highest reported compensation $43K · Total expenses $296K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $43K · Total expenses $296K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 16%——
Revenue growth -63%——

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 · this organization's grantmaking
Grants paid · 5 grants · $961K · 2021–2025
Millbrook LibraryNY · FY2025$250,000
Millbrook LibraryNY · FY2024$180,000
Millbrook LibraryNY · FY2023$240,000
Millbrook LibraryNY · FY2022$138,000
Millbrook LibraryNY · FY2021$152,932

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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
FY2025 (Latest)$433K revenue · viewing · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$610K revenue · ⤓ 990 PDF
FY2022$156K revenue · ⤓ 990 PDF
FY2021$195K revenue · ⤓ 990 PDF
FY2020$168K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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