Millbrook School FY2022 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.
81¢ of each $1 spent went to programs.
$1.6M 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

FY2022 · Form 990-TIndependent: 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-T
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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $62.1M in investments, Pt X · Ln 11–13
Looks good: 7.9 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
$36.7M
23% of total assets
Looks good: liabilities are 23% 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
$28.8M
-28% vs prior year
Spent
$30.2M
To programs
81%
Net assets
$125.9M
By yearFY2020–FY2025
Revenue
$28.8M
FY2022▼ -28%
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
$30.2M
FY2022▲ +0.8%
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
$125.9M
FY2022▼ -9%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

81 cents of each dollar spent went to programs.

Program services 81% · $24.5M Management & general 12% · $3.7M Fundraising 7% · $2.1M

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

33 people listed on the 990-T; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Former Head of School
$448,060Pt VII · Sec A
Head of School
$256,777Pt VII · Sec A
Director of Advancement
$190,931Pt VII · Sec A
$189,114Pt VII · Sec A
Ass't to Head of School for External Affairs
$167,680Pt VII · Sec A
Director of Trevor Zoo
$115,373Pt VII · Sec A
Controller
$106,272Pt VII · Sec A
Business Manager
$103,637Pt 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 · $24.5M · in their own filed words · FY2021
01

Independent secondary education for approximately 330 boarding and day students.

$24.5Mprogram 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 FY2022 990-T, line by line.

1The main four
Money in
$28.8M
Fees for services$23.5M
Gifts and grants$4.8M
Other income$314K
Money out
$30.2M
Programs$24.5M
Management$3.7M
Fundraising$2.1M
Owns and owes
$125.9M
net assets
Cash and savings$19.9M
Total assets$162.6M
Liabilities$36.7M
People
33
listed
Paid8
Voting board25
Independent24
2In more detail
Revenue in detail
Gifts and grants$4.8M
Government grants$47K
Fees for services$23.5M
Investment income$169K
Other income$314K
Total revenue$28.8M
Assets in detailEnd of year
Cash and savings together$19.9M
Total assets$162.6M
Liabilities$36.7M
Net assets$125.9M
Operations
Employees203
Volunteers27
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

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 Viewing $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
FY2020Filed 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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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