2019-05-08T20:30:42-05:00 2018-06-30 350921680 CROWE LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2017-07-01 941156566 Mills College MILL 5104302223 5000 Macarthur Boulevard Oakland CA 94613 Elizabeth Hillman President 2019-05-08 true Nicole Bencik P00756195 4155761100 2017 2019-02-21 02:37:17Z Elizabeth Hillman 5000 Macarthur Boulevard Oakland CA 94613 119341451 false X WWW.MILLS.EDU X 1852 CA FOUNDED IN 1852 AND LOCATED IN OAKLAND, CALIFORNIA, IN THE HEART OF THE SAN FRANCISCO BAY AREA, MILLS COLLEGE (THE "COLLEGE") IS A LIBERAL ARTS COLLEGE FOR WOMEN AND GENDER NON-BINARY STUDENTS, (CONTINUED ON SCHEDULE O) 31 30 1402 300 531245 -2221 20703818 11692482 63215373 59543803 5854289 5062327 1470152 1336769 91243632 77635381 24080908 23904772 0 0 40512081 37805942 0 0 2182786 25917794 24805326 90510783 86516040 732849 -8880659 320699937 320323141 44119723 44522099 276580214 275801042 Founded in 1852 and located in Oakland, California, in the heart of the San Francisco Bay Area, Mills College (The "College") is a liberal arts college for women and gender non-binary students, with graduate programs for all genders. (Continued on Schedule O) false false 49024246 23884310 46398709 With a total enrollment of 1,263 students, representing 41 states and 11 countries, the College provides instruction, research, public service, and academic support to 774 undergraduate and 489 graduate students. On the undergraduate side, students of color represent 59% of the class, with 51% of graduate students being students of color. Thirty- nine percent of undergraduates are first generation students. The College provides financial aid, scholarships, and fellowships to both our undergraduate and graduate populations. Ninety-five percent of undergraduate students receive financial aid, with the average award being $31,588. Of the total $19.9M in aid awarded, $9.3M was funded by Mills. Thirty-one percent of our students receive Cal Grants and 53% are eligible for Pell grants. The College's undergraduate Hispanic population is 25%, making us eligible to declare as an Hispanic-serving institution (HSI). The percentage of graduate students receiving financial aid was 85%, with Mills providing $2.1M in scholarships and grants and $360,855 in assistantships out of a total of $9M of any financial aid awarded to graduate students. 24204226 20462 13634775 The College provides auxiliary services, including student housing, food services, and other student services. We are expanding our articulation agreements with local colleges and universities to make transferring to Mills more transparent and easier for students. In addition, we are defining potential partnerships at the curricular and resource sharing levels with a county wide community college system and a major research institution nearby campus. These arrangements would allow for cross registration and potentially dual admission between institutions. 73228472 true true false false false false true false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true true false false false false false false false true 2191 0 true 1402 true true true false false false false false true false false false X 31 30 false false false false false false false true true false false true true true true true true true true false CA CO KY AK MD MA MI NV NH NY OH OK OR SC WA X Maria Cammarata 5104302089 5000 MACARTHUR BLVD OAKLAND CA 94613 ELIZABETH L HILLMAN President 60.0 X X 311446 0 117128 KATIE SANBORN BOARD CHAIR 5.0 X X 0 0 0 KAREN MAY VICE CHAIR 2.0 X X 0 0 0 Susan Ardisson Alumna Trustee 2.0 X 0 0 0 Ophelia B Basgal Board Trustee 1.0 X 0 0 0 MARYELLEN CATTANI HERRINGER BOARD TRUSTEE 2.0 X 0 0 0 GORDON CHONG BOARD TRUSTEE 1.0 X 0 0 0 ROSELYN CHROMAN SWIG BOARD TRUSTEE 1.0 X 0 0 0 Larry Colton Board Trustee 1.0 X 0 0 0 YVONNE DANIEL ALUMNA TRUSTEE 1.0 X 0 0 0 Leslie Decker Board Trustee 1.0 X 0 0 0 Lucy Do Board Trustee 1.0 X 0 0 0 HELEN DRAKE MUIRHEAD BOARD TRUSTEE 2.0 X 0 0 0 Ammie Felder-Williams Alumna Trustee 1.0 X 0 0 0 LYN FLANIGAN BOARD TRUSTEE 2.0 X 0 0 0 MEI KWONG BOARD TRUSTEE 2.0 X 0 0 0 ALEXANDRA MOSES BOARD TRUSTEE 1.0 X 0 0 0 VIJI NAKKA-CAMMAUF BOARD TRUSTEE/AAMC PRESIDENT 2.0 X 0 0 0 Anne O'Brien Board Trustee 1.0 X 0 0 0 IRENE PANAGOPOULOS BOARD TRUSTEE 1.0 X 0 0 0 LIZ PARKER BOARD TRUSTEE 1.0 X 0 0 0 SIMON PYLE BOARD TRUSTEE 1.0 X 0 0 0 ERIC ROBERTS BOARD TRUSTEE 2.0 X 0 0 0 KATHERINE SCHAPIRO BOARD TRUSTEE 1.0 X 0 0 0 Marilyn R Schuster Board Trustee 2.0 X 0 0 0 TESS SMITH BOARD TRUSTEE 1.0 X 0 0 0 ROBERT THOMPSON BOARD TRUSTEE 2.0 X 0 0 0 GLENN VOYLES BOARD TRUSTEE 2.0 X 0 0 0 Kate Whiting-Pickard Board Trustee 1.0 X 0 0 0 MARGARET WILKERSON BOARD TRUSTEE 1.0 X 0 0 0 KRISTEN WOLFE BOARD TRUSTEE 1.0 X 0 0 0 MARIA CAMMARATA VP FINANCE AND ADMIN/TREASURER 50.0 X 195362 0 13416 CARRIE M HALL BOARD SECRETARY 40.0 X 90577 0 9285 JULIA OPARAH Provost & Dean of the Faculty 50.0 X 198213 0 17608 RENEE I JADUSHLEVER Chief of Staff & VP for Communications and External Relations 50.0 X 191240 0 18386 Jeffrey E Jackanicz VP OIA 50.0 X 231033 0 7704 Diane P Ketelle Professor of Education 40.0 X 167349 0 11232 Marianne B SHELDON Professor of American History 40.0 X 161558 0 10775 Linda R Kroll Professor of Education 40.0 X 146706 0 5405 Ekaterina Karniouchina Assoc Professor of Business, Dean Lokey School/Public Policy 40.0 X 148954 0 6459 Elisabeth Wade Professor of Chemistry 40.0 X 160600 0 5906 2003038 0 223304 68 false true false Oliver & Company Inc 1300 South 51st Street Richmond CA 94804 Construction 3176486 BON APPETIT (COMPASS GROUP) PO Box 59184 Boulder CO 80322 FOOD SERVICE PROVIDER 3045947 Altura Construction PO Box 625 Concord CA 94522 Construction 855416 ELS Architecture and Urban Design 2040 Addison Street Berkeley CA 94704 Construction 520569 Impec Group Inc 3350 Scott Blvd Bldg 8 Santa Clara CA 95054 Facility Management 513312 26 X 3331258 8361224 1410535 11692482 TUITION AND FEES 611710 46398709 46398709 AUXILIARY SERVICES 611710 13145094 13145094 0 0 0 0 59543803 1776850 171447 1605403 196757 196757 0 196757 196757 44976265 15282 41697614 8456 3278651 6826 3285477 3285477 SWIMMING POOL 713940 560348 359798 200550 Vehicle Parking Permits 900099 65594 65594 MTS Workshop Revenue 611710 25320 25320 488750 464361 0 24389 1140012 77635381 60033484 531245 5378170 23904772 23904772 1456835 252215 954569 250051 31002542 25484231 4325705 1192606 45440 43956 833 651 3182367 2207701 866141 108525 2118758 1766364 272757 79637 189829 10401 167691 11737 89619 6570 83049 1106545 1106545 6369048 5869331 426953 72764 312497 295158 17339 1441531 1188304 154843 98384 1408921 662000 704509 42412 4925992 4253073 572347 100572 733424 630322 59758 43344 132395 72906 45387 14102 935008 798837 111641 24530 4441064 3794283 530269 116512 877076 301599 566572 8905 Hospitality 542107 394995 129533 17579 Bad Debt Expense 352116 352116 College/Student events 171786 163134 8341 311 Science Lab Supplies 41318 41318 735050 734886 0 164 86516040 73228472 11104782 2182786 48221 39506 20948186 18692255 17835196 12946461 2053447 1481258 0 0 0 1889340 1498540 30329 32050 1231810 1654543 215216790 109806193 101906223 105410597 56584409 47728541 118172776 130839390 0 0 0 320699937 320323141 7549652 6719379 29333017 28130405 0 7237054 9672315 44119723 44522099 X 62093313 63387032 64973508 59917026 149513393 152496984 276580214 275801042 320699937 320323141 X -8880659 7405465 696022 X false true X true true true X 16192337 13795974 9651712 20703818 11692482 72036323 0 0 16192337 13795974 9651712 20703818 11692482 72036323 4702849 67333474 1585870 1440478 1415335 1410320 1973607 7825610 0 0 0 0 0 0 1104851 1006308 985223 998115 359798 4454295 84316228 320543502 0.7986 0.8227 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 1104851.0, COLUMN B - 1006308.0, COLUMN C - 985223.0, COLUMN D - 998115.0, COLUMN E - 359798.0, COLUMN F - 4454295.0; 42555 3216321 X X X X false 183274856 5759977 12394662 1790153 7254180 1106545 191278617 170988885 3528321 18412304 2076267 6899011 679376 183274856 182723112 2974115 -4536548 3577324 5730644 863826 170988885 189288277 1058333 3672553 3776840 6540462 978749 182723112 174542793 1670346 25159942 4059999 7030591 994214 189288277 0.0395 0.7692 0.1913 false false 291687 291687 103843217 48215516 55627701 66029233 28268638 37760595 33956716 33322039 634677 11095937 11095937 105410597 LIMITED PARTNERSHIPS 42760294 F INTERNATIONAL EQUITY FUNDS 62808940 F Real Estate & Other 25270156 F 130839390 ANNUITY AND LIFE INCOME PAYABLE 1259430 LINE OF CREDIT 8000000 GOV'T ADVANCES FOR STUDENT LOANS 412885 9672315 X 61181126 7405465 -22753175 -15347710 76528836 1106545 0 1106545 77635381 61960298 0 0 61960298 1106545 23449197 24555742 86516040 Schedule D, Part III, Line 4 Collections of art - description of collections Collection items are acquired by donation and include works of art, rare books and documents. Collections are held for the purposes of enhancing curriculum and for public exhibition for educational purposes or research. They are not for financial gain. Collections are protected, cared for, and preserved. Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS ARE MANAGED AND USED FOR THE PURPOSE OF ENSURING CONTINUED SUPPORT FOR THE COLLEGE'S LONG TERM EDUCATIONAL PURPOSES. THE LONG TERM FINANCIAL GOAL FOR THE ENDOWMENT INVESTMENT PORTFOLIO IS TO PROVIDE A RELATIVELY STABLE STREAM OF EXPENDABLE REVENUE THAT INCREASES OVER TIME, AT LEAST AS FAST AS THE GENERAL RATE OF INFLATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is recognized by the Internal Revenue Service as an organization exempt from federal income taxes on related income under Section 501(c)(3) of the Internal Revenue Code. The College is also recognized by the Franchise Tax Board as exempt from California state tax on related income under Section 23701d of the California Revenue and Taxation Code. The College has identified and evaluated significant tax positions in its significant tax jurisdictions which are the federal and California state tax jurisdictions. The College has also determined that the open tax years are generally three years for federal and four years for California tax purposes. Thus, the general open tax years are the years ended June 30, 2014 through June 30, 2017 for federal purposes and the years ended June 30, 2013 through June 30, 2017 for California purposes. For federal there is an unrelated business income net operating loss carryover of approximately $1,795,000 and $1 ,529,000 as of June 30, 2018 and 2017, respectively. For California there is an unrelated business income net operating loss carryover of approximately $1,745,000 and $1,529,000 as of June 30, 2018 and 2017, respectively. A net operating loss can only be reflected as a benefit (deferred tax asset) on the statement of financial position when it is likely that the loss would be utilized against taxable income in another tax year. Since there is not presently a likelihood of taxable income in another tax year, the College has recorded a full valuation allowance for the deferred tax assets on the statement of financial position for these net operating loss carryovers. There have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. The net operating loss carryover will begin to expire June 30, 2025 for federal purposes and June 30, 2018 for California purposes. The College applied ASC 740-10-25, Accounting for Uncertainty in Income Taxes, to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of the year ended June 30, 2018 and the year ended June 30, 2017, nor are any changes anticipated in the twelve months following June 30, 2018. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Financial aid - -23449197 Actuarial Adjustment - 696022 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial aid - 23449197 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY MILLS COLLEGE DRAWS STUDENTS FROM A LARGE GEOGRAPHIC REGION AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. MILLS COLLEGE WAS RANKED ONE OF THE TOP 20 MOST DIVERSE LIBERAL ARTS COLLEGES IN THE NATION BY U.S. NEWS AND WORLD REPORT. IN THE ACADEMIC YEAR 2017-2018, 59% OF THE UNDERGRADUATE STUDENTS AND 51% OF THE GRADUATE STUDENTS WERE OF COLOR, INCLUDING STUDENTS THAT IDENTIFIED THEMSELVES AS MULTI-ETHNIC. MILLS COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS CATALOG, STUDENT APPLICATION, AND IN THE MAJORITY OF ITS BROCHURES AND OTHER WRITTEN ADMISSIONS COMMUNICATIONS. THE POLICY IS INCLUDED ON THE COLLEGE WEB PAGE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE COLLEGE RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION, THE NATIONAL SCIENCE FOUNDATION and State of California. Central America and the Caribbean 0 0 Investments 44349697 Europe (Including Iceland and Greenland) 0 0 Investments 20480233 East Asia and the Pacific 0 0 Program Services Research/Prof. Development 1322 East Asia and the Pacific 0 0 Conference Travel Prof. Development Conference 1657 Europe (Including Iceland and Greenland) 0 0 Program Services,Conference Travel Research, Conference 26988 South America 0 0 ,Study Away Trip Study Away Trip, Research 63632 South Asia 0 0 ,Research, Faculty Grant Faculty Research Travel Grant/Grant Funded Research 5316 North America (Canada & Mexico only) 0 0 Program Services,Conference Travel Student recruitment, Conference, Prof. Development 7155 Middle East and North Africa 0 0 ,World Economic Forum Attend World Economic Forum 1244 Central America and the Caribbean 0 0 ,Student Recruitment Student Recruitment 1297 0 0 0 0 0 0 64938541 0 64938541 true false true true true false true Prize and Research Awards 238 126650 Research Stipend 16 80000 Student Service 29 20462 Financial Aid 1192 23615436 Instruction, Research, Support 113 62224 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS ARE PUT INTO A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND AWARD. THE COLLEGE MANAGES AN EXTENSIVE FINANCIAL AID PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE TWO MAJOR FORMS: MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID. THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY THE GRANT. X X true true X X X false false false false false false false false false ELIZABETH L HILLMAN President 311446 0 0 0 0 0 9918 0 107210 0 428574 0 0 0 MARIA CAMMARATA VP FINANCE AND ADMIN/TREASURER 195362 0 0 0 0 0 5931 0 7485 0 208778 0 0 0 JULIA OPARAH Provost & Dean of the Faculty 198213 0 0 0 0 0 6210 0 11398 0 215821 0 0 0 RENEE I JADUSHLEVER Chief of Staff & VP for Communications and External Relations 175426 0 0 0 15814 0 5930 0 12456 0 209626 0 0 0 Jeffrey E Jackanicz VP OIA 221977 0 0 0 9056 0 6926 0 778 0 238737 0 0 0 Diane P Ketelle Professor of Education 167349 0 0 0 0 0 4753 0 6479 0 178581 0 0 0 Marianne B SHELDON Professor of American History 161558 0 0 0 0 0 3888 0 6887 0 172333 0 0 0 Linda R Kroll Professor of Education 146706 0 0 0 0 0 3924 0 1481 0 152111 0 0 0 Ekaterina Karniouchina Assoc Professor of Business, Dean Lokey School/Public Policy 148954 0 0 0 0 0 4211 0 2248 0 155413 0 0 0 Elisabeth Wade Professor of Chemistry 160600 0 0 0 0 0 3658 0 2248 0 166506 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE PROVIDED THE PRESIDENT WITH HOUSING AS A CONDITION OF HER EMPLOYMENT. THE HOUSING IS ON CAMPUS AND FURNISHED FOR THE BENEFIT AND CONVENIENCE TO THE COLLEGE TO CONDUCT FUNDRAISING AND OTHER COLLEGE RELATED BUSINESS. THE VALUE OF THE HOUSING IS EXCLUDABLE FROM THE PRESIDENT'S TAXABLE INCOME UNDER IRS CODE SECTION 119(D) AND WAS INCLUDED IN HER NONTAXABLE BENEFITS REPORTED ON SCHEDULE J, PART II, COLUMN D. Schedule J, Part I, Line 1a Personal services PERSONAL SERVICES: ON OCCASION, COLLEGE EMPLOYEES PERFORM ROUTINE CLEANING AND YARD SERVICE FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE RELATED TO COLLEGE BUSINESS. IF REQUIRED, THE APPLICABLE AMOUNTS FOR THE ABOVE ITEMS ARE REPORTED AS TAXABLE COMPENSATION. A California Statewide Communities Development Authority 680164610 2015-04-15 30397250 Refund 1997, 2005A & 2005b bonds false false false A 2266845 0 30397250 0 0 291156 0 0 0 30106094 0 2015 true false true true A false false false false 0.0 0.0 0.0 false false true A false true false false false false false false true A true X 2 42555 Opinions of experts X 46 561164 Market value X Pledge receivable 14 806816 Other 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Art - Works of art - Number of contributions Other - Pledge receivable Number of contributions Form 990, Part I, Line 1 Brief Mission curriculum fosters excellence: The College educates its students to think critically and communicate responsibly and effectively, to accept the challenges of their creative visions, and to acquire the knowledge and skills necessary to understand the natural world and effect thoughtful changes in society. The curriculum combines the traditional liberal arts with new educational initiatives that recognize the value of cultural, racial, and ethnic diversity. Form 990, Part III, Line 1 Mission CONSISTENTLY RANKED ONE OF THE TOP MASTER'S UNIVERSITIES AND ONE OF THE BEST VALUE COLLEGES IN THE WEST BY U.S. NEWS & WORLD REPORT, THE COLLEGE ALSO HAS BEEN NAMED ONE OF THE BEST COLLEGES IN THE NATION BY THE PRINCETON REVIEW. THE COLLEGE EXPERIENCE IS DISTINGUISHED BY SMALL, INTERACTIVE CLASSES, ONE-ON-ONE ATTENTION FROM EXCEPTIONAL FACULTY, A CULTURE OF CREATIVE EXPERIMENTATION, AND CUTTING-EDGE INTERDISCIPLINARY LEARNING OPPORTUNITIES WHICH EMPOWER STUDENTS TO MAKE A STATEMENT IN THEIR CAREERS AND COMMUNITIES. AS ONE OF THE MOST DIVERSE LIBERAL ARTS COLLEGES IN THE COUNTRY, THE COLLEGE HAS A STRONG RECORD OF ACADEMIC SUCCESS WITH FIRST-GENERATION STUDENTS, STUDENTS OF COLOR, LATINX STUDENTS, LGBTQ STUDENTS, AND OTHER UNDERREPRESENTED STUDENTS. THE COLLEGE'S CURRICULUM FOSTERS EXCELLENCE: THE COLLEGE EDUCATES ITS STUDENTS TO THINK CRITICALLY AND COMMUNICATE RESPONSIBLY AND EFFECTIVELY, TO ACCEPT THE CHALLENGES OF THEIR CREATIVE VISIONS, AND TO ACQUIRE THE KNOWLEDGE AND SKILLS NECESSARY TO UNDERSTAND THE NATURAL WORLD AND AFFECT THOUGHTFUL CHANGES IN SOCIETY. THE CURRICULUM COMBINES THE TRADITIONAL LIBERAL ARTS WITH NEW EDUCATIONAL INITIATIVES THAT RECOGNIZE THE VALUE OF CULTURAL, RACIAL, AND ETHNIC DIVERSITY. Form 990, Part VI, Line 11b Review of form 990 by governing body CROWE LLP AND MILLS COLLEGE FINANCE STAFF WORKED TOGETHER IN GATHERING THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. CROWE LLP, THE COLLEGE PRESIDENT, AND THE COLLEGE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER REVIEWED THE FORM 990 DRAFT FOR ACCURACY AND COMPLETENESS. THE BOARD OF TRUSTEES AUDIT COMMITTEE, COLLEGE MANAGEMENT, AND CROWE LLP REPRESENTATIVES MET TO REVIEW THE FULL FORM 990 DRAFT IN DETAIL. AFTER THIS REVIEW, THE FORM 990 WAS FINALIZED AND PROVIDED TO THE FULL BOARD OF TRUSTEES, A PUBLIC COPY VIA EMAIL AND A FULL COPY FOR IN PERSON REVIEW. THEREAFTER, THE FINAL FORM 990 WAS FILED. IN ADDITION, A COPY OF THE MILLS COLLEGE AUDITED FINANCIAL STATEMENTS WAS PROVIDED TO THE FULL BOARD OF TRUSTEES. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY ENFORCED BY THE AUDIT COMMITTEE WITH THE ADVICE AND ASSISTANCE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. THE AUDIT COMMITTEE REQUIRES EACH COLLEGE TRUSTEE, OFFICER, AND KEY EMPLOYEE TO COMPLETE ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRES ARE FILED WITH THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER AND REVIEWED BY THE AUDIT COMMITTEE, WHICH MAKES RECOMMENDATIONS ABOUT THE POTENTIAL CONFLICTS OF INTERESTS TO THE FULL BOARD. THE COMMITTEE AND THE BOARD MAINTAIN MINUTES AND OTHER DOCUMENTATION TO RECORD THEIR REVIEW OF ACTUAL OR POTENTIAL CONFLICTS. COLLEGE TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ALSO AWARE OF THE DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST DURING THE YEAR. THESE ADDITIONAL DISCLOSURES BY AN INDIVIDUAL COVERED BY THE POLICY ARE SUBMITTED TO THE AUDIT COMMITTEE CHAIR AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. THE AUDIT COMMITTEE WILL REVIEW THE POTENTIAL CONFLICTS AND MAKE RECOMMENDATIONS TO THE FULL BOARD. AT REGULARLY SCHEDULED MEETINGS OF THE AUDIT COMMITTEE AND THE FULL BOARD, THE AUDIT COMMITTEE REPORTS ON ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND THEIR RESOLUTION OR RECOMMENDATION. THE AUDIT COMMITTEE REVIEWS THE OPERATION OF THE POLICY AND MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES REGARDING ANY PROPOSED CHANGES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER (OR HIS OR HER REPRESENTATIVE) ATTENDS ALL RELEVANT MEETINGS AND ASSISTS IN PREPARING THE MINUTES. IF AN INDIVIDUAL BELIEVES THAT SHE/HE MAY HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, SHE/HE SHALL IMMEDIATELY AND FULLY DISCLOSE THE POTENTIAL CONFLICT IN WRITING, AND SHALL REFRAIN FROM PARTICIPATING IN ANY TRANSACTIONS OR DECISIONS OF ANY ACTUAL OR POTENTIAL ETHICAL, LEGAL, FINANCIAL OR OTHER CONFLICTS OF INTEREST INVOLVING THE COLLEGE THAT MAY INVOLVE THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Mills College Board of Trustees Executive Compensation Committee has oversight of all elements of executive compensation and is responsible for recommending the compensation of the College President, other college officers, and key executives for approval by the board. The Executive Compensation Committee, as well as any third parties providing professional advice to the committee, must be independent. The Executive Compensation Committee annually conducts a review of the College President's, other college officers', and key executives' compensation. Timely minutes of all final recommendations and actions by the executive compensation committee and board regarding the College President's compensation are recorded. The policy provides that executive compensation arrangements should fall within the bounds of market practice for comparable positions at comparable organizations. Factors that are reviewed in determining comparability include: (1) Compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; (2) The availability of similar services in the geographic area of the organization; (3) Current compensation surveys compiled by independent firms; and (4) Actual written offers from similar institutions competing for the services of the affected person. Compensation packages and contracts for college officers and key executives are reviewed for internal consistency and equity as well as comparability with external market data. President Hillman's salary was reviewed at the board's Executive Compensation Committee meeting on April 27, 2018 and the committee reported on their meeting to the board of trustees on May 11, 2018. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Mills College Board of Trustees has approved the executive compensation policy. The Mills College Board of Trustees Executive Compensation Committee has oversight of all elements of executive compensation and is responsible for recommending the compensation of the college president, other college officers, and key executives for approval by the board. The Executive Compensation Committee, as well as any third parties providing professional advice to the committee, must be independent. The Executive Compensation Committee annually conducts a review of the college president's, other college officers', and key executives' compensation. Timely minutes of all final recommendations and actions by the executive compensation committee and board regarding the college president's compensation are recorded. The policy provides that executive compensation arrangements should fall within the bounds of market practice for comparable positions at comparable organizations. Factors that are reviewed in determining comparability include: (1) compensation levels paid by similarly situated organizations, both taxable and tax exempt, for functionally comparable positions; (2) the availability of similar services in the geographic area of the organization; (3) current compensation surveys compiled by independent firms; and (4) actual written offers from similar institutions competing for the services of the affected person. Compensation packages and contracts for college officers and key executives are reviewed for internal consistency and equity as well as comparability with external market data. Salaries of college officers and key employees are reviewed by the Mills College Board of Trustees Executive Compensation Committee meeting scheduled for April 30, 2018 and the committee will report on their meeting to the Board of Trustees on May 11, 2018. Other employees' compensation is recommended during the annual budget process by the college officers and key executives and reviewed and recommended for approval by the college's human resource department. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All Other - Total Revenue: 488750, Related or Exempt Function Revenue: 464361, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 24389; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Actuarial adjustment - 696022;