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Nonprofiteer
← MILLBROOK COMMUNITY PARTNERSHIP INC

Form 990 for tax year 2023

Filed by MILLBROOK COMMUNITY PARTNERSHIP INC.

Totals

Total revenue
$3,848,838
Total expenses
$367,567
Contributions and grants received
$3,157,716
Grants paid
$0
Program service revenue
$0
Investment income
$136,372
Other revenue
$554,750
Total assets, end of year
$22,517,846
Total liabilities, end of year
$612,843
Net assets or fund balances, end of year
$21,905,003
Program services expenses (Part IX)
$13,636
Management and general expenses
$280,848
Fundraising expenses
$73,083
Program service expenses (Part III)
$13,636

Program services were 3.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $2,157,716

  • 3 · Investment income

    total $136,372 · related or exempt $136,372

  • 11a · Other revenue: CONSERVATION EASEMENT

    total $554,750 · related or exempt $554,750

  • 11e · Other revenue, total

    $554,750

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,695 · management and general $5,695

  • 11c · Fees: accounting

    total $31,768 · management and general $31,768

  • 11g · Fees: other

    total $212,643 · management and general $165,787 · fundraising $46,856

  • 13 · Office expenses

    total $9,087 · management and general $9,087

  • 20 · Interest

    total $9,554 · management and general $9,554

  • 22 · Depreciation, depletion and amortization

    total $13,636 · program services $13,636

  • 23 · Insurance

    total $24,797 · management and general $24,797

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $28,799 · management and general $28,799

  • 24b · Other expenses: EVENT EXPENSES

    total $26,227 · fundraising $26,227

  • 24c · Other expenses: REAL ESTATE TAXES

    total $3,523 · management and general $3,523

  • 24d · Other expenses: UTILITIES

    total $1,838 · management and general $1,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,110,914 · end of year $956,029

  • 2 · Savings and temporary cash investments

    end of year $2,245,491

  • 3 · Pledges and grants receivable

    beginning of year $5,313,517 · end of year $5,685,183

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,732 · end of year $23,462

  • 10a · Land, buildings and equipment: cost or other basis

    $5,813,250

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,636

  • 10c · Land, buildings and equipment, net

    beginning of year $4,118,901 · end of year $5,799,614

  • 15 · Other assets

    beginning of year $8,200,166 · end of year $7,808,067

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,498 · end of year $207,843

  • 23 · Secured mortgages and notes payable

    end of year $405,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,723,444 · end of year $8,449,898

  • 28 · Net assets with donor restrictions

    beginning of year $12,700,288 · end of year $13,455,105

Mission and programs · 2023

Mission

THE ORGANIZATION IS TASKED WITH BUILDING AND CREATING A 35-ACRE PARK WHICH WILL OFFER WALKING AND BIKING TRAILS THAT CONNECT DIRECTLY TO THE VILLAGE OF MILLBROOK, NEW YORK; A VISITOR CENTER AS WELL AS AN OUTDOOR VENUE FOR MUSICAL AND THEATRICAL PERFORMANCES; AND TO RESTORE AND RENOVATE THE THORNE BUILDING INTO A CENTER WHICH WILL SERVE AS THE COMMUNITY'S CULTURAL ANCOR AND COMMUNAL GATHERING SPACE.

Activities or mission (Part I)

THE ORGANIZATION IS TASKED WITH BUILDING AND CREATING A 35-ACRE PARK WHICH WILL OFFER WALKING AND BIKING TRAILS THAT CONNECT DIRECTLY TO THE VILLAGE OF MILLBROOK, NEW YORK; A VISITOR CENTER AS WELL AS AN OUTDOOR VENUE FOR MUSICAL AND THEATRICAL PERFORMANCES; AND TO RESTORE AND RENOVATE THE THORNE BUILDING INTO A CENTER WHICH WILL SERVE AS THE COMMUNITY'S CULTURAL ANCHOR AND COMMUNAL GATHERING SPACE.

  • MAKING IMPROVEMENTS ON OWNED PROPERTIES NECESSARY TO PLACE THE PROPERTIES IN SERVICE.

    Expenses $13,636

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Oakleigh Thorne

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    5

  • George T Whalen III

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Ann Gifford

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Charles E Pierce Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Suzie Kovner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Stack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BENNETT PARK LLC

    REAL ESTATE HOLDING · NY · income $43,120 · assets $7,640,825

  • THORNE MEMORIAL BUILDING LLC

    REAL ESTATE HOLDING · NY · income $1,655,795 · assets $12,806,709

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202422779349301142

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