Civic Intelligence

Millbrook Library Trust

EIN 13-6078769 • 4947(a)1 • Millbrook, NY

NTEE B71I

Profile

To generate investment income to support the millbrook library.

Bank Of Millbrook PO Box 1447Millbrook, NY 12545

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$38,301

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

93%

Faster revenue growth than 90% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,155,529

Up $957,875 (+18%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$6,155,529

Up $957,875 (+18%) from 2023

Revenue

Up

$1,179,709

Up $569,472 (+93%) from 2023

Expenses

Down

$221,834

Down $53,282 (-19%) from 2023

Net Income

Up

$957,875

Up $622,754 (+186%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $4,867,066Liabilities 2020: $0Net Assets 2020: $4,867,0662020Assets 2021: $4,877,951Liabilities 2021: $0Net Assets 2021: $4,877,9512021Assets 2022: $4,862,533Liabilities 2022: $0Net Assets 2022: $4,862,5332022Assets 2023: $5,197,654Liabilities 2023: $0Net Assets 2023: $5,197,6542023Assets 2024: $6,155,529Liabilities 2024: $0Net Assets 2024: $6,155,5292024

Highlighted filing

2024

Assets$6,155,529
Liabilities$0
Net Assets$6,155,529

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $168,448Expenses 2020: $202,723Net Income 2020: -$34,2752020Revenue 2021: $195,024Expenses 2021: $184,139Net Income 2021: $10,8852021Revenue 2022: $155,953Expenses 2022: $171,422Net Income 2022: -$15,4692022Revenue 2023: $610,237Expenses 2023: $275,116Net Income 2023: $335,1212023Revenue 2024: $1,179,709Expenses 2024: $221,834Net Income 2024: $957,8752024

Highlighted filing

2024

Revenue$1,179,709
Expenses$221,834
Net Income$957,875

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$2,188,926
Mission and Program Overview

Mission

To generate investment income to support the millbrook library.

To provide funds to the millbrook library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$5,197,654$6,155,529▲ $957,875
Investments in Publicly Traded Securities$5,109,097$4,820,169▼ $288,928
Savings and Temporary Cash Investments$87,592$1,329,856▲ $1,242,264
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$5,197,654$6,155,529▲ $957,875
Other Assets Total$965$5,504▲ $4,539
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,197,654$6,155,529▲ $957,875
Total Liabilities and Net Assets / Fund Balance$5,197,654$6,155,529▲ $957,875
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$38,301$38,301
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,179,709
Other Revenue
$0
Change in Net Assets
$957,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$180,000
Salaries, Compensation, and Employee Benefits$38,301
Other Expenses$3,533
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$180,000--$180,000
Current Officers, Directors, Trustees, and Key Employees-$38,301-$38,301
Fees for Services Accounting-$2,025-$2,025
Other Expenses-$250-$250
Advertising-$36-$36
Total Functional Expenses$180,000$41,834$0$221,834
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Millbrook LibraryMillbrook, NY501(c)(3)To Support the Millbrook Library in Its Mission to Serve the Community.$180,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

Since this organization is a trust, it does not have a governing body other than its trustee. The trustee is governed by the trust document in its mission to provide funds to the millbrook library. The trust document does not require the maintenance of the various governance and management policies to which part iv refers.

Form 990, Part VI, Section A, Line 8B

There are no separate committees for this entity. The trustee has sole responsibility and decision-making powers for the trust.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the trustee prior to filing. The trustee is the governing body of the trust.

Form 990, Part VI, Section C, Line 19

The millbrook library trust does not make available for public inspection its governing documents, policies or financial data (other than as required by irc section 6104).

Filing and Contact Details

Filer

Filer Name
Millbrook Library Trust
EIN
13-6078769
Phone
8456774266
Address
BANK OF MILLBROOK PO BOX 1447, MILLBROOK, NY 12545

Signing Officer

Name
Meredith M Tiedemann
Title
Senior VP/trustee
Phone
8456774266
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meredith M Tiedemann
Formed
1929
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kirshon & Company Pc
Address
PO BOX 1999 22 IBM ROAD STE 210, POUGHKEEPSIE, NY 12601
Preparer
Ann E Kummer Ea CPA
Phone
8454731811
Raw XML Appendix335 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MoreThan5000KToIndividualsInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTING ORGANIZATION'S OFFICERS/DIRECTORS MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE BENEFICIARY ORGANIZATION'S OFFICERS AND MEET REGULARLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE MILLBROOK LIBRARY (BENEFICIARY ORGANIZATION) HAS AN ADVISORY ROLE IN THE INVESTMENT DECISIONS. MONTHLY REPORTS SHOWING VALUE OF THE TRUST ASSETS, INCOME COLLECTED AND EXPENSES ARE PROVIDED. THE TRUSTEE MEETS REGULARLY EITHER WITH THE FINANCE COMMITTEE OF THE MILLBROOK LIBRARY OR THE FULL BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, PART IV, SCHEDULE A, SECTION D, LN 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINCE THIS ORGANIZATION IS A TRUST, IT DOES NOT HAVE A GOVERNING BODY OTHER THAN ITS TRUSTEE. THE TRUSTEE IS GOVERNED BY THE TRUST DOCUMENT IN ITS MISSION TO PROVIDE FUNDS TO THE MILLBROOK LIBRARY. THE TRUST DOCUMENT DOES NOT REQUIRE THE MAINTENANCE OF THE VARIOUS GOVERNANCE AND MANAGEMENT POLICIES TO WHICH PART IV REFERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SEPARATE COMMITTEES FOR THIS ENTITY. THE TRUSTEE HAS SOLE RESPONSIBILITY AND DECISION-MAKING POWERS FOR THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE TRUSTEE PRIOR TO FILING. THE TRUSTEE IS THE GOVERNING BODY OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MILLBROOK LIBRARY TRUST DOES NOT MAKE AVAILABLE FOR PUBLIC INSPECTION ITS GOVERNING DOCUMENTS, POLICIES OR FINANCIAL DATA (OTHER THAN AS REQUIRED BY IRC SECTION 6104).
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt044 FRONT STREET PO BOX 1447
IRS990/USAddress/CityNm0MILLBROOK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012545
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MEREDITH M TIEDEMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SENIOR VP/TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08456774266
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILLBROOK LIBRARY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MILL
ReturnHeader/Filer/EIN0136078769
ReturnHeader/Filer/PhoneNum08456774266
ReturnHeader/Filer/USAddress/AddressLine1Txt0BANK OF MILLBROOK PO BOX 1447
ReturnHeader/Filer/USAddress/CityNm0MILLBROOK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012545
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141569720
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KIRSHON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1999 22 IBM ROAD STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POUGHKEEPSIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012601
ReturnHeader/PreparerPersonGrp/PhoneNum08454731811
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN E KUMMER EA CPA
ReturnHeader/ReturnTs02025-04-29T15:02:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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