2019-05-06T08:45:04-05:00 2018-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2017-07-01 640303084 Millsaps College % WHITNEY EMRICH MILL 6019741105 PO Box 150433 Jackson MS 39210 WHITNEY EMRICH ASST VP of Finance 6019741100 2019-05-15 true Mary F Overstreet CPA P01270094 6019486700 167.68.126.162 64248120191265000000 2019-05-06 P 468D4A6F67C914A138C9D1D024C98E150145FE59 468D4A6F67C914A138C9D1D024C98E150145FE59 2017 2019-02-21 02:37:17Z Robert Pearigen PO Box 150433 Jackson MS 39210 109315019 false X www.millsaps.edu X 1890 MS MILLSAPS COLLEGE IS A PRIVATE NONPROFIT LIBERAL ARTS COLLEGE BASED IN JACKSON, MS; PROVIDING EDUCATION AND TRAINING SERVICES FOR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL 40 40 954 40 -38803 -40192 15050867 6399571 38931100 39883332 2597800 4367322 3437061 8314978 60016828 58965203 19867526 20582262 0 0 20142410 20828703 206970 93656 1941983 17562435 16532180 57779341 58036801 2237487 928402 170705089 174081309 42521122 41228395 128183967 132852914 MILLSAPS COLLEGE IS DEDICATED TO ACADEMIC EXCELLENCE, TO OPEN INQUIRY AND FREE EXPRESSION, TO THE EXPLORATION OF FAITH TO INFORM VOCATION, AND TO THE INNOVATIVE SHAPING OF THE SOCIAL, ECONOMIC, AND CULTURAL PROGRESS OF OUR REGION. false false 49892244 20553062 36397904 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 859 students. This is achieved with one teacher for every 11 students and an average class size of 11. 49425 5960842 Auxiliary enterprises including the housing of 84% of the approximately 859 students enrolled. 49941669 true true false false false false false false false true true true false true true false false true true true true true true true true true false false true true true false false false false false false false false false false true false false false true true true true false false true 274 0 954 true true true false false false false true true false false false false X 40 40 false false false false false false false true true false false true true true true true true true true true true MS X WHITNEY EMRICH 6019741105 1701 N STATE STREET JACKSON MS 39210 X Paul Benton Trustee 1.0 0.0 X 0 0 0 Rev Warren Black Trustee 1.0 0.0 X 0 0 0 Jim Coggin Trustee 1.0 0.0 X 0 0 0 Tom Fowlkes Trustee 1.0 0.0 X 0 0 0 Maurice Hall Trustee 1.0 0.0 X 0 0 0 Monica Sethi Harrigill Trustee 1.0 0.0 X 0 0 0 Randy James Trustee 1.0 0.0 X 0 0 0 John Lindsey Trustee 1.0 0.0 X 0 0 0 Jean Medley Trustee 1.0 0.0 X 0 0 0 Bud Robinson Jr Trustee 1.0 0.0 X 0 0 0 Roger M Smith Trustee 1.0 0.0 X 0 0 0 Rev Jerry B Beam Trustee 1.0 0.0 X 0 0 0 Ryan Beckett Trustee 1.0 0.0 X 0 0 0 Carol A Biedenharn Trustee 1.0 0.0 X 0 0 0 Noble B Black Trustee 1.0 0.0 X 0 0 0 Michael Bourland Trustee 1.0 0.0 X 0 0 0 Katherine B Brady Trustee 1.0 0.0 X 0 0 0 Rev Dr Stephen T Cook Trustee 1.0 0.0 X 0 0 0 Rev Claire Dobbs Trustee 1.0 0.0 X 0 0 0 John D Durrett Trustee 1.0 0.0 X 0 0 0 Mark Freeman Trustee 1.0 0.0 X 0 0 0 William F Goodman III Trustee 1.0 0.0 X 0 0 0 Judge James E Graves Jr Trustee 1.0 0.0 X 0 0 0 Judy M Guice Trustee 1.0 0.0 X 0 0 0 Rev Ricky James Trustee 1.0 0.0 X 0 0 0 Peder Johnson Trustee 1.0 0.0 X 0 0 0 Rev Steven P Keen Trustee 1.0 0.0 X 0 0 0 Rev Vicki Landrum Trustee 1.0 0.0 X 0 0 0 Charles R Lathem Trustee 1.0 0.0 X 0 0 0 Paul McNeill Trustee 1.0 0.0 X 0 0 0 Richard Mills Trustee 1.0 0.0 X 0 0 0 Monte Rector Trustee 1.0 0.0 X 0 0 0 Robert C Robbins Trustee 1.0 0.0 X 0 0 0 Donna Ruth Roberts Trustee 1.0 0.0 X 0 0 0 David B Russell Trustee 1.0 0.0 X 0 0 0 Mike Sturdivant Trustee 1.0 0.0 X 0 0 0 Bishop James E Swanson Sr Trustee 1.0 0.0 X 0 0 0 Ward W VanSkiver Trustee 1.0 0.0 X 0 0 0 Mack Varner Trustee 1.0 0.0 X 0 0 0 Betsy S Walkup Trustee 1.0 0.0 X 0 0 0 H Daniel Hungerford VP for Finance and Admin 40.0 0.0 X 140971 0 21184 Terri Hudson VP for Inst. Planning & Assess 40.0 0.0 X 107894 0 5359 Brit Katz VP of Stud Life & Dean of Stud 40.0 0.0 X 103799 0 12597 Dr Keith Dunn Provost & Dean of the College 40.0 0.0 X 166032 0 29394 Robert Alexander VP for Enrollment & Comm 40.0 0.0 X 192559 0 27327 Dr Robert Pearigen President 40.0 0.0 X 356292 0 32324 Hope Carter VP for Inst. Advancement 40.0 0.0 X 169745 0 20538 Damon Campbell Associate Professor of MIS 40.0 0.0 X 163554 0 27043 Harvey Fiser Assoc. Prof. of Business Law 40.0 0.0 X 149611 0 12237 Dr Timothy J Ward Assoc. Dean & Prof of Chemisty 40.0 0.0 X 140195 0 85185 Kimberly Burke Professor of Accounting 40.0 0.0 X 182993 0 28188 Jesse Bealer Professor of Accounting 40.0 0.0 X 179164 0 13557 2052809 0 314933 27 false true false Aramark Corporation Aramark Dallas Lockbox DALLAS TX 75397 Food Services 1960378 EAB PO Box 603519 CHARLOTTE NC 28260 Consulting 921662 WG Yates Sons Construction PO Box 456 PHILADELPHIA MS 39350 Construction 666133 Watkins Eager PLLC PO Box 3858 JACKSON MS 39207 Legal Services 453074 Prewitt Contract Services Inc PO Box 2268 CLINTON MS 39060 Cleaning & Maint 394103 16 24090 511388 5864093 647414 6399571 TUITION & FEES 611600 33462019 33462019 Sales & Services Auxiliary Enterprises 611710 5960842 5960842 Income from Funds Held in Trust by Others 900099 460471 460471 39883332 827557 -38803 866360 0 0 18405 18405 0 18405 18405 51905348 48365583 3539765 3539765 3539765 84775 7990 22842 61933 61933 47795 2099 45696 45696 4434706 1959292 2475414 2475414 Miscellaneous Revenue 900099 5713530 5713530 5713530 58965203 42358746 -38803 10245689 0 19495571 19495571 1086691 1086691 0 1339486 333933 659253 346300 0 16518269 13449394 2318714 750161 523638 439616 66656 17366 1204187 1026143 147650 30394 1243123 991473 185358 66292 0 47978 47978 139642 139642 0 93656 93656 0 1064516 948678 115563 275 622160 368467 197293 56400 2826620 2593689 199359 33572 676933 258448 416085 2400 0 2067314 1585215 426541 55558 1268885 1023526 177585 67774 0 130801 92518 18337 19946 1420126 1334918 42604 42604 0 3365617 3163679 100969 100969 251591 65032 185560 999 Repairs & Maintenance 1040720 694974 307545 38201 CONTRACT EXPENSE 732131 496074 195385 40672 SPECIAL EVENTS 389806 205675 90813 93318 DUES & SUBSCRIPTIONS 186319 84851 58117 43351 301021 203104 56142 41775 58036801 49941669 6153149 1941983 2259673 2652010 8966987 16604500 8026074 3293131 333783 390618 0 0 0 0 1974909 1618419 0 0 0 8000 114302736 74956000 35206753 39346736 54377414 51781011 40455564 38868673 0 0 0 0 19103932 19518211 170705089 174081309 4058236 5638640 0 0 1099684 983239 24400696 23428196 0 0 0 0 6324042 5949179 1592428 1509544 5046036 3719597 42521122 41228395 X 25637126 27910977 29333811 30188033 73213030 74753904 128183967 132852914 170705089 174081309 X 928402 1989061 1751484 X false true X true true true X 9576038 6508180 7588884 15050867 6399571 45123540 0 0 9576038 6508180 7588884 15050867 6399571 45123540 3538066 41585474 1407515 1554058 2111768 1147909 845962 7067212 2935 2935 2490511 1972894 2222414 3355141 8188944 18229904 70423591 181282880 0.59050 0.65110 X 100482045 1150231 6311945 2841143 3813198 101289880 98576867 1724332 7235041 3022331 4031864 100482045 107550021 3897043 -5152526 3303800 4413871 98576867 116150926 1412052 1464689 4540271 6937375 107550021 104272928 1947486 18490170 4012419 4547239 116150926 0.24960 0.59320 0.15720 true false 411185 411185 84384302 57845601 26538701 16992565 15438927 1553638 12514684 1671472 10843212 39346736 Stock 38868673 F 38868673 Funds Held in Trust 12937496 Investment in Millsaps Dev Inc 3761590 Cash Surrender Value Life Ins 2818397 Other Assets 728 19518211 0 Liability for Financial Instrument 1485451 Advance Under Government Loans 1466655 LIABILITY FOR ASSET RETIREMENT 288358 DUE TO ARAMARK 479133 3719597 Part V, Line 4: The intended uses of the endowment are primarily student scholarships, faculty chairs and salaries and academic departmental support. Part X, Line 2 MANAGEMENT HAS EVALUATED THE COLLEGE'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART 1, LINE 3: THE POLICY IS PUBLICIZED THROUGH CATALOGS, THE WEBSITE, AND ANY PUBLICATIONS FOR ADMISSIONS. SCHEDULE E, PART 1, LINE 6A FUNDS PROVIDED BY THE UNITED STATES GOVERNMENT UNDER THE FEDERAL PERKINS STUDENT LOAN PROGRAMS ARE FOR REVOLVING LOANS TO QUALIFIED STUDENTS. THESE FUNDS ARE ULTIMATELY REFUNDABLE TO THE GOVERNMENT AND ARE INCLUDED IN LIABILITIES. IN ADDITION, THE COLLEGE ALSO RECEIVES FEDERAL FUNDS RELATED TO UNSUBSIDIZED AND SUBSIDIZED DIRECT LOANS, PLUS LOANS, PELL GRANTS, SEOG GRANTS AND THE FEDERAL WORK STUDY PROGRAM. true Central America and the Caribbean Investments 19397076 Central America and the Caribbean Program Services STUDY ABROAD PROGRAM 13041 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 147832 North America Program Services STUDY ABROAD PROGRAM 111274 North America Program Services ACADEMIC FACILITIES 15132 North America Program Services RESEARCH 9756 North America Program Services GRANTS 1086691 20780802 20780802 North America RESEARCH 29200 WIRE 1 Scholarships 43 1057491 WIRE true false true false false false Part I, Line 2: Procedures are in place for monitoring the use of grant funds outside the United States. Millsaps sponsors the activities of Kaxil Kiuic, a Mexican Nonprofit Organization. Kaxil Kiuic is dedicated to preserving the environment and the cultural heritage of the Maya by promoting knowledge through educational programs centered at Helen Moyers Biocultural Reserve. Millsaps budgets annually for the funds provided to Kaxil Kiuic and monitors adherence to that budget. The reserve director provides an account of these funds to the reserve Board of Directors. Procedures and conditions are designed to insure that individuals receiving disbursements are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy based on the institution's assessment of academic achievement, financial need, and other similar standards. PART 1, LINE 3: MILLSAPS COLLEGE OWNS AN INTEREST IN PRIVATE ADVISORS STABLE VALUE FUND, LTD, MAGNITUDE INTERNATIONAL, HEDGE FUNDS, AND BLACKROCK APPRECIATION FUND IV DOMICILED IN THE CAYMAN ISLANDS. THE BOOK VALUE OF THESE INVESTMENTS AS OF 06/30/2018 WAS $19,397,076. PART IV, LINE 1: MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. MILLSAPS ALSO DIRECTLY TRANSFERRED PROPERTY TO BLACKROCK APPRECIATION FUND IV DURING FISCAL YEAR 06/30/2018. THE TRANSFER OF PROPERTY WAS ABOVE THE REPORTING THRESHOLD REQUIRING THE FILING OF FORM 926. PART IV, LINE 3: MILLSAPS DID NOT MEET REQUIREMENTS TO FILE FORM 5471 DURING THE FISCAL YEAR ENDED 6/30/2018 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. X X X X X X true ALEXANDER HAAS INC Campaign Consulting false 63602 WILSON-BENNETT TECHNOLOGY PHONATHON false 62134 30054 32080 62134 93656 32080 GUARANTEED GAME 28859 28859 BB TRIP 18500 18500 7 61506 24090 37416 3456 62 19324 108865 24090 84775 3456 62 19324 22842 61933 47795 2099 true 1.00000 47795 2099 2099 45696 false NOT REQUIRED FOR RAFFLES false true false 1.00000 WHITNEY EMRICH 1701 N STATE STREET JACKSON MS 39210 false WHITNEY EMRICH RECORDKEEPING X false PART I, LINE 2B, COLUMN IV: ALEXANDER HAAS, INC. - THE COLLEGE HAS LAUNCHED A COMPREHENSIVE FUNDRAISING CAMPAIGN IN WHICH ALEXANDER HAAS HAS BEEN ENGAGED TO PROVIDE CAMPAIGN COUNSEL AND ADVISE ON CAMPAIGN STRATEGY. WILSON-BENNETT TECHNOLOGY - CONDUCTED A PHONATHON. THERE WERE $62,134 GROSS RECEIPTS GENERATED FROM THIS ACTIVITY. PART II, OTHER EVENTS: THE COLLEGE CONDUCTS A FUNDRAISER WHERE RAFFLE TICKETS ARE SOLD FOR THE CHANCE TO WIN TICKETS TO THE SUGAR BOWL. THE REVENUE AND EXPENSE ASSOCIATED WITH THIS RAFFLE ARE REPORTED IN PART III OF SCHEDULE (GAMING). THE TOTAL REVENUE FROM THIS FUNDRAISER WAS $58,295 AND EXPENSE WAS $21,354 FOR A NET RECEIVED OF $36,941. true Scholarships 784 19495571 Part I, Line 2: Procedures and conditions are designed to insure that individuals receiving disbursements are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy based on the institution's assessment of academic achievement, financial need, and other similar standards. X X true true X X X X X false false false false false false false false false H Daniel Hungerford VP for Finance and Admin 132987 7632 352 646 20538 162155 Dr Keith Dunn Provost & Dean of the College 164451 150 1431 8856 20538 195426 Robert Alexander VP for Enrollment & Comm 191288 0 1271 10404 16923 219886 Hope Carter VP for Inst. Advancement 168326 0 1419 0 20538 190283 Damon Campbell Associate Professor of MIS 125809 37652 93 6785 20258 190597 Harvey Fiser Assoc. Prof. of Business Law 88759 60723 129 4817 7420 161848 Dr Timothy J Ward Assoc. Dean & Prof of Chemisty 89639 50305 251 5596 79589 225380 Kimberly Burke Professor of Accounting 176312 6300 381 9364 18824 211181 Jesse Bealer Professor of Accounting 130802 47300 1062 6753 6804 192721 Dr Robert Pearigen President 303940 3930 48422 13500 18824 388616 Part I, Line 1a: DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN HOUSING ALLOWANCE: ROBERT PEARIGEN ALL NON-EXCLUDABLE BENEFITS PROVIDED ARE INCLUDED IN THE COMPENSATION OF THE RECIPIENTS. A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2008-08-05 31000000 SEE PART VI false false false A 7480000 0 31058702 0 0 0 265304 0 0 14174771 16618627 0 2011 true false true true A false false false false 0 false false false false A false true false false true COMPASS BANK 15. false false false 0 false false A false . SCHEDULE K, PART II, LINE 3: Total proceeds of issue reported on Line 3 includes investment earnings of $58,702. SCHEDULE K, PART I, LINE A, COLUMN (F) & FORM 990, PART X, LINE 20: ON AUGUST 5, 2008, THE COLLEGE ENTERED INTO A LOAN THROUGH THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN THE AMOUNT OF $31,000,000. THE PURPOSE OF THE TAX-EXEMPT LOAN WAS TO REPAY THE COLLEGE PROJECT BONDS OF 1998 AND TO PROVIDE FINANCING FOR NEW RESIDENCE HALLS, RENOVATION OF THE CHRISTIAN CENTER, AND OTHER SIGNIFICANT DEFERRED MAINTENANCE ITEMS. SCHEDULE K, PART V: THE COLLEGE IS IN THE PROCESS OF WRITING PROCEDURES SURROUNDING DEBT ISSUES. X 43 647414 FMV false true false Form 990, PAGE 6, PART VI, SECTION B, LINE 11B: The Form 990 is reviewed in detail by the audit committee prior to filing with the IRS. A copy of the Form 990 is then provided to the entire Board prior to filing with the IRS. Form 990, PAGE 6, PART VI, SECTION B, LINE 12C: Board members and officers complete and file a written conflict of interest statement annually. These statements are maintained in the Business office. The Business Office reviews and reports all findings on the Form 990. If a conflict of interest exists, the board member does not vote on the specific issue. FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A&B Compensation for the President is reviewed and approved by the Compensation and Executive Committees of the Board. Compensation for other officers is approved by the President. Compensation for officers is determined from review of market comparisons and performance measurements with other similar institutions. FORM 990, PAGE 6, PART VI, SECTION C, LINE 19 The organization's governing documents and conflict of interest policy are available to the public upon request. FORM 990, PAGE 12, PART XI, LINE 9: OTHER CHANGES IN FUND BALANCE: ELIMINATION OF MDI 90,808 INCREASE IN CASH SURRENDER VALUE 183,125 CHANGE IN VALUE IN SPLIT INTERESTS (5,179) CHANGE IN INTEREST RATE SWAP 944,549 CHANGE IN BENEFICIAL TRUST 246,508 Book/Tax Difference in K-1s 291,673 TOTAL - OTHER CHANGES IN FUND BALANCE $ 1,751,484 Form 990, Page 3, Part II, NO. 7 The Securities below were donated by Donor #7: 69 Shares of AET 22 Shares of BLK 29 Shares of BA 40 Shares of CI Millco PO Box 150433 Jackson MS 39210 640511687 SEE PART VII MS 0 Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 SEE PART VII MS 501(c)(2) N/A true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 SEE PART VII MS 501(c)(2) N/A true KAXIL KIUIC AC CALLE 10 NO 66 POR 7 Y 9 9713 MERIDA YUCATAN MX SEE PART VII MX NA true Micas-Kiuic Venture AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX SEE PART VII MX NA true false false false false false false false false false false false false false false false false false true false SCHEDULE R, PART I, (1) (B): Millco is a 100% owned subsidiary of Millsaps College. It is currently inactive and had no transactions for the period of this return. Schedule R, Part II, Line (1)(B): Millsaps Development, Inc. - to develop certain of the College's real property as a source of revenue to the college. Schedule R, Part II, Line (2)(B): Millsaps Real Estate Holdings, Inc. is a 100% owned subsidiary of Millsaps College. It is currently inactive and had no transactions for the period of this return. Schedule R, Part II, Line (3)(B): Kaxil Kiuic, A.C. manages the Helen Moyers Biocultural Reserve located in the Bolonchen District of the Puus Region of Yucatan, Mexico. The reserve is a living laboratory where research and education are carried out in an effort to not only acquire knowledge but help sustain the reserve's ecological and cultural resources. It is also a place designed to provide support to the neighboring Maya towns as they confront the challenges of sustaining their own culture and identity. Schedule R, Part II, Line (4)(B): Micas-Kiuic Venture, A.C. owns the 4,000-acre reserve in Mexico's Yucatan Peninsula where the Kaxil Kiuic Biocultural Reserve program is conducted. The reserve contains a wealth of archaeological sites important to the understanding of ancient and modern Maya culture. The Yucatan Program offers faculty and students a living laboratory where they study the relationships among disciplines as varied as biology, English, business, the environment, and archaeology. The Reserve - which demonstrates connections between economic development, environmental policy, and cultural preservation - has become a national model for interdisciplinary studies.