Millbrook School FY2020 filing

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Millbrook School is a coeducational, college preparatory School which offers college preparatory education to its boarding and day students.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.2M a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $49.9M in investments, Pt X · Ln 11–13
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.1M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23.7M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.1M
Spent
$25.9M
To programs
83%
Net assets
$115.0M
By yearFY2020–FY2025
Revenue
$30.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$30.1M
FY2021$39.8M
FY2022$28.8M
FY2023$33.3M
FY2024$35.7M
FY2025$45.4M
Expenses
$25.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$25.9M
FY2021$30.0M
FY2022$30.2M
FY2023$33.0M
FY2024$33.8M
FY2025$34.9M
Net assets
$115.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$115.0M
FY2021$139.0M
FY2022$125.9M
FY2023$131.6M
FY2024$138.9M
FY2025$150.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1933.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $21.4M Management & general 12% · $3.0M Fundraising 6% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Headmaster
$397,429Pt VII · Sec A
Assistant to Headmaster
$203,926Pt VII · Sec A
Acting Headmaster Part-Year
$194,698Pt VII · Sec A
Director of Development
$184,195Pt VII · Sec A
$180,267Pt VII · Sec A
Art Teacher
$129,544Pt VII · Sec A
Director of Health Services
$123,754Pt VII · Sec A
Dean of Faculty
$114,652Pt VII · Sec A

Jonathan Downs’s $469K as Head of School is at the 86th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan Downs$468,758$356,785$340,066$256,777$213,733$194,698
Drew Casertano——$309,000$448,060$429,737$397,429
Jeffrey Smith$234,953$216,372$203,704$189,114$186,769$180,267
Robert Anthony—$152,585$161,184$167,680$152,957$203,926
Nancy Stahl$202,352$199,599$194,047$190,931$196,168$184,195
Natalie Smith$168,400—————
William Hardy—————$129,544
Jarratt Clarke$125,277$121,471$110,096———

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.

See Millbrook School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides college preparatory education to boarding and day students.

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1 program · $21.4M · in their own filed words · FY2019
01

Independent secondary education for approximately 328 boarding and day students.

$21.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$1.1M
See all 3 funders →
Grants paid · 14 grants · $148K · 2019–2024
Town of StanfordvilleFY2024$22,500
Town of StandfordvilleFY2023$20,000
Town of StanfordFY2022$10,000
Town of WashingtonFY2022$7,500
Town of StanfordFY2021$10,000
Town of WashingtonFY2021$10,000
Town of StanfordFY2020$10,000
Town of WashingtonFY2020$10,000
Sharon Hospital Co Ndh FoundationFY2020$5,000
Town of StanfordFY2019$10,000
Town of WashingtonFY2019$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$30.1M
Ln 12
Fees for servicesLn 2g$21.3M
Gifts and grantsLn 1h$8.7M
Investment incomeLn 3$134K
Money outPt IX
$25.9M
Ln 25
Programscol B$21.4M
Managementcol C$3.0M
Fundraisingcol D$1.5M
Owns and owesPt X
$115.0M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$138.6M
LiabilitiesLn 26$23.7M
PeoplePt VI, VII
32
listed · VII A
PaidVII A8
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.7M
Government grantsLn 1e$1.8M
Noncash giftsLn 1g$373K
Fees for servicesLn 2g$21.3M
Investment incomeLn 3$134K
Other incomeLn 4–11$53K
Gains on assetsLn 7−$72K
Total revenueLn 12$30.1M
Assets in detailPt X, end of year
CashLn 1$11.8M
SavingsLn 2$133K
Cash and savings togetherLn 1–2$11.9M
InvestmentsLn 11–13$49.9M
Land, buildings, equipmentLn 10c$68.8M
Other assetsLn 15$490K
Total assetsLn 16$138.6M
LiabilitiesLn 26$23.7M
Net assetsLn 32$115.0M
OperationsPt I, VI
EmployeesI 5203
VolunteersI 627
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$15.8M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$23.0M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$373K
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$49.7M$49.5M$46.8M$39.7M$33.6M
Given inLn 1b$1.3M$2.3M$6.6M$3.8M$3.3M
SpentLn 1d–1f$1.6M$1.4M$1.7M$1.3M$1.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$11.7M$11.9M
InvestmentsLn 11–13$47.5M$49.9M
Land, buildings, equipmentLn 10c$69.7M$68.8M
Total assetsLn 16$137.0M$138.6M
LiabilitiesLn 26$26.6M$23.7M
Net assetsLn 32$110.5M$115.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$3.9M$3.9M
Pay of current officers, directors and key staffLn 5$901K$71K$543K$287K
Pay of disqualified personsLn 6$179K$179K
Other salaries and wagesLn 7$7.5M$6.6M$449K$490K
Pension plan contributionsLn 8$526K$471K$3K$52K
Other employee benefitsLn 9$2.1M$1.8M$117K$148K
Payroll taxesLn 10$577K$465K$62K$50K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$74K$74K
Professional fundraising feesLn 11e$11K$11K
Investment management feesLn 11f$171K$171K
Office expensesLn 13$49K$27K$18K$5K
OccupancyLn 16$621K$508K$102K$11K
InterestLn 20$551K$551K
Depreciation, depletion and amortizationLn 22$2.9M$2.1M$732K$146K
InsuranceLn 23$421K$379K$42K
Other expenses (24a–d)Ln 24$4.2M$4.0M$114K$49K
All other expensesLn 24e$1.2M$369K$590K$265K
Total functional expensesLn 25$25.9M$21.4M$3.0M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 17, 2026 $45.4M$34.9M$10.6M$150.3M 990 PDF
FY2024Filed with the IRS May 1, 2025 $35.7M$33.8M$1.8M$138.9M 990 PDF
FY2023Filed with the IRS Mar 7, 2024 $33.3M$33.0M$285K$131.6M 990 PDF
FY2022 $28.8M$30.2M−$1.4M$125.9M 990 PDF
FY2021Filed with the IRS Feb 16, 2022 $39.8M$30.0M$9.8M$139.0M 990 PDF
FY2020 ViewingFiled with the IRS Feb 9, 2021 $30.1M$25.9M$4.2M$115.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $30,124,599 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,629,269$8,686,927
I-9 Program service revenuePrior year $21,206,687$21,250,347
I-10 Investment incomePrior year $901,446$133,894
I-11 Other revenuePrior year $56,655$53,431
I-12 Total revenuePrior year $28,794,057$30,124,599
I-13 Grants and similar amounts paidPrior year $3,933,148$3,933,992
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,689,646$11,775,653
I-16a Professional fundraising feesPrior year $50,093$11,000
I-17 Other expensesPrior year $10,594,975$10,201,520
I-18 Total expensesPrior year $26,267,862$25,922,165
I-19 Revenue less expensesPrior year $2,526,195$4,202,434
Part VI · Governance 24 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $30,124,599 across 8 lines filed
Lines not itemized here account for $53,431 of total revenue; see the IRS return.
VIII-1e Government grants$1,762,846
VIII-1f All other contributions, gifts and grants$6,924,081
VIII-1g Noncash contributions (included above)$372,535
VIII-1h Total contributions, gifts and grants$8,686,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,183,863 · Unrelated business $66,484$21,250,347
VIII-3 Investment incomeUnrelated business $36 · Excluded from tax $205,401$205,437
VIII-7 Net gain or loss on sales of assetsUnrelated business $13 · Excluded from tax −$71,556−$71,543
VIII-12 Total revenueRelated to mission $21,237,294 · Unrelated business $66,533 · Excluded from tax $133,845$30,124,599
Part IX · Statement of functional expenses $25,922,165 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-2 Grants to domestic individualsPrograms $3,913,992$3,913,992
IX-5 Pay of current officers, directors and key staffPrograms $70,560 · Management $543,372 · Fundraising $286,764$900,696
IX-6 Pay of disqualified personsPrograms $179,321$179,321
IX-7 Other salaries and wagesPrograms $6,577,631 · Management $449,053 · Fundraising $489,882$7,516,566
IX-8 Pension plan contributionsPrograms $471,184 · Management $2,820 · Fundraising $51,528$525,532
IX-9 Other employee benefitsPrograms $1,811,097 · Management $116,780 · Fundraising $148,394$2,076,271
IX-10 Payroll taxesPrograms $464,609 · Management $62,268 · Fundraising $50,390$577,267
IX-11b Legal feesManagement $1,918$1,918
IX-11c Accounting feesManagement $73,500$73,500
IX-11e Professional fundraising feesFundraising $11,000$11,000
IX-11f Investment management feesManagement $170,599$170,599
IX-13 Office expensesPrograms $26,615 · Management $17,761 · Fundraising $4,694$49,070
IX-16 OccupancyPrograms $508,034 · Management $101,965 · Fundraising $11,329$621,328
IX-20 InterestPrograms $550,801$550,801
IX-22 Depreciation, depletion and amortizationPrograms $2,050,425 · Management $732,295 · Fundraising $146,458$2,929,178
IX-23 InsurancePrograms $378,720 · Management $42,080$420,800
IX-24 Other expenses (24a–d)Programs $3,997,726 · Management $113,654 · Fundraising $48,709$4,160,089
IX-24e All other expensesPrograms $369,440 · Management $590,242 · Fundraising $264,555$1,224,237
IX-25 Total functional expensesPrograms $21,390,155 · Management $3,018,307 · Fundraising $1,513,703$25,922,165
Part X · Balance sheet $138,607,846 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $11,221,252$11,791,796
X-2 Savings and temporary cash investmentsStart of year $475,515$133,112
X-3 Pledges and grants receivableStart of year $6,952,232$6,405,466
X-4 Accounts receivableStart of year $126,670$144,847
X-8 Inventories for sale or useStart of year $166,589$205,436
X-9 Prepaid expenses and deferred chargesStart of year $361,742$736,427
X-10c Land, buildings and equipment, netStart of year $69,697,427$68,812,027
X-11 Publicly traded securitiesStart of year $11,568,336$10,009,448
X-12 Other securitiesStart of year $35,980,452$39,879,755
X-15 Other assetsStart of year $484,574$489,532
X-16 Total assetsStart of year $137,034,789$138,607,846
X-17 Accounts payable and accrued expensesStart of year $1,605,159$1,536,540
X-19 Deferred revenueStart of year $8,537,656$5,855,866
X-20 Tax-exempt bond liabilitiesStart of year $16,365,286$15,819,449
X-25 Other liabilitiesStart of year $66,658$443,707
X-26 Total liabilitiesStart of year $26,574,759$23,655,562
X-27 Net assets without donor restrictionsStart of year $81,307,468$84,799,692
X-28 Net assets with donor restrictionsStart of year $29,152,562$30,152,592
X-32 Total net assets or fund balancesStart of year $110,460,030$114,952,284
X-33 Total liabilities and net assetsStart of year $137,034,789$138,607,846
Part XI · Reconciliation of net assets $114,952,284 net assets at year end
XI-1 Total revenue$30,124,599
XI-2 Total expenses$25,922,165
XI-3 Revenue less expenses$4,202,434
XI-4 Net assets at start of year$110,460,030
XI-5 Net unrealized gains (losses) on investments$289,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$114,952,284

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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