2018-05-09T10:00:18-05:00 2017-06-30 350921680 CROWE HORWATH LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2016-07-01 941156566 Mills College MILL 5104302223 5000 Macarthur Boulevard Oakland CA 94613 Elizabeth Hillman President 2018-05-08 true Nicole Bencik P00756195 4155761100 2016 2022-09-23 18:48:47Z Elizabeth Hillman 5000 Macarthur Boulevard Oakland CA 94613 118216525 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) 34 33 1407 352 265590 -265281 9651712 20703818 63573126 63215373 3740051 5854289 1420506 1470152 78385395 91243632 23035980 24080908 0 0 41673493 40512081 91521 0 1704192 26835947 25917794 91636941 90510783 -13251546 732849 305481870 320699937 43433961 44119723 262047909 276580214 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 53119453 24059731 49655748 With a total enrollment of 1,345 students, representing 43 states and 14 countries, the College provides instruction, research, public service, and academic support to 821 undergraduate and 524 graduate students. On the undergraduate side, students of color represent 54% of the class, with 47% of graduate students being students of color. Thirty-six percent of undergraduates are first generation students. The College provides financial aid, scholarships, and fellowships to both our undergraduate and graduate populations. Ninety-two percent of undergraduate students receive financial aid, with the average award being $42,096. Of the total $31.7M in aid awarded, $19.7M was funded by Mills. Thirty-two percent of our students receive Cal Grants and 47% are eligible for Pell grants. The College's undergraduate Hispanic population is 27%, making us eligible to declare as an Hispanic-serving institution (HSI). The percentage of graduate students receiving financial aid was 88%, with Mills providing $5.1M of the $14.1M awarded. 24619038 21177 14557740 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. 77738491 true true false 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 1890 0 true 1407 true true true false false false false false false false false false X 34 33 false false false false false false false true true false false true true true true true true true true false AK CO KY MD MA MI NV NH NY OH OK OR SC WA CA X Maria Cammarata 5104302089 5000 MACARTHUR BLVD OAKLAND CA 94613 ELIZABETH HILLMAN President 60.0 X X 160580 0 55496 KATIE SANBORN BOARD CHAIR 5.0 X X 0 0 0 KAREN MAY VICE CHAIR 2.0 X X 0 0 0 ALEXANDRA MOSES BOARD TRUSTEE 1.0 X 0 0 0 ROBERT THOMPSON BOARD TRUSTEE 2.0 X 0 0 0 YOLANDA V GONZALEZ BOARD TRUSTEE 1.0 X 0 0 0 ERIC ROBERTS BOARD TRUSTEE 2.0 X 0 0 0 GLENN VOYLES BOARD TRUSTEE 1.0 X 0 0 0 GORDON CHONG BOARD TRUSTEE 1.0 X 0 0 0 JOHN MCDONNELL BOARD TRUSTEE 1.0 X 0 0 0 KATHERINE SCHAPIRO BOARD TRUSTEE 1.0 X 0 0 0 LINDA COHEN TURNER BOARD TRUSTEE 1.0 X 0 0 0 LIZ PARKER BOARD TRUSTEE 1.0 X 0 0 0 LYN FLANIGAN BOARD TRUSTEE 2.0 X 0 0 0 MARGARET WILKERSON BOARD TRUSTEE 1.0 X 0 0 0 MARIBELLE LEAVITT BOARD TRUSTEE 2.0 X 0 0 0 MARYELLEN CATTANI HERRINGER BOARD TRUSTEE 2.0 X 0 0 0 MEI KWONG BOARD TRUSTEE 2.0 X 0 0 0 LALITA TADEMY BOARD TRUSTEE 1.0 X 0 0 0 ROSELYN CHROMAN SWIG BOARD TRUSTEE 1.0 X 0 0 0 JUDITH R JAMES BOARD TRUSTEE 1.0 X 0 0 0 HELEN DRAKE MUIRHEAD BOARD TRUSTEE 2.0 X 0 0 0 IRENE PANAGOPOULOS BOARD TRUSTEE 1.0 X 0 0 0 Susan Ardisson Board Trustee 1.0 X 0 0 0 Leslie Decker Board Trustee 1.0 X 0 0 0 Anne O'Brien Board Trustee 1.0 X 0 0 0 Marilyn R Schuster Board Trustee 2.0 X 0 0 0 KATHLEEN BURKE BOARD TRUSTEE 1.0 X 0 0 0 YVONNE DANIEL BOARD TRUSTEE 1.0 X 0 0 0 VIJI NAKKA-CAMMAUF BOARD TRUSTEE/AAMC PRESIDENT 1.0 X 0 0 0 SIMON PYLE BOARD TRUSTEE 1.0 X 0 0 0 TESS SMITH 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 197639 0 18105 CARRIE HALL BOARD SECRETARY 40.0 X 90176 0 15780 SHARON WASHINGTON Provost & Dean of the Faculty (partial Year) 50.0 X 223370 0 22595 JULIA OPARAH Provost & Dean of the Faculty 50.0 X 160515 0 23630 RENEE I JADUSHLEVER Chief of Staff & VP for Communications and External Relations 50.0 X 186366 0 25885 Moira Roth Professor of Art History 40.0 X 132000 0 22852 BRUCE B WILLIAMS FLETCHER JONES SOCIOLOGY PROF. 40.0 X 226912 0 8103 Diane Patricia Ketelle Professor of Education 40.0 X 163043 0 19717 MARIANNE BUROFF SHELDON Professor of American History 40.0 X 154928 0 22111 CATHERINE WAGNER Professor of Studio Art 40.0 X 145631 0 22835 ALECIA A DECOUDREAUX FOrmer PRESIDENT 60.0 X 200845 0 57568 2042005 0 314677 66 true true true BON APPETIT (COMPASS GROUP) PO Box 59184 Boulder CO 80322 FOOD SERVICE PROVIDER 3113249 Impec Group Inc 3350 Scott Blvd Bldg 8 Santa Clara CA 95054 Facility Management 483940 Apex Janitorial Solutions 2237 Palou Street San Francisco CA 94124 Janitorial Services 455509 ELS Architecture and Urban Design 2040 Addison Street Berkeley CA 94704 Construction 369481 Ellucian Company LP SCT PO Box 7777-W6825 Philadelpia PA 191756825 Software Provider 313494 21 3856198 16847620 6333700 20703818 TUITION AND FEES 900099 49655748 49655748 AUXILIARY SERVICES 611710 13559625 13559625 0 0 0 0 63215373 1410320 -20305 1430625 0 0 31416862 26972893 4443969 0 4443969 4443969 MISCELLANEOUS 611710 998115 998115 SWIMMING POOL 713940 472037 285895 186142 0 0 0 0 1470152 91243632 64213488 265590 6060736 24080908 24080908 1518639 261596 1014717 242326 31591855 26834032 3914877 842946 1455810 1251934 178875 25001 3820050 2698223 1041686 80141 2125727 1793438 275922 56367 171676 43867 109305 18504 153804 153804 679376 679376 7997364 7240531 613059 143774 280573 259477 20971 125 1368294 1079589 243031 45674 1439032 626868 812128 36 4452167 4000604 384483 67080 619119 554327 33891 30901 340580 170199 150497 19884 951766 823640 110070 18056 4386336 3795850 507272 83214 734651 321410 406484 6757 HOSPITALITY - FOOD/CATERING 404210 256315 127316 20579 INDIRECT GRANT COSTS 446881 446881 COLLEGE/STUDENT EVENTS 344552 340768 3784 BAD DEBT EXPENSE 208067 208067 939346 649967 286552 2827 90510783 77738491 11068100 1704192 90442 48221 12824275 20948186 13979707 17835196 1106277 2053447 0 0 0 2021105 1889340 39312 30329 2371362 1231810 207276992 105370769 104456049 101906223 56987799 56584409 111605542 118172776 0 0 0 305481870 320699937 4639609 7549652 30817512 29333017 7976840 7237054 43433961 44119723 X 62142383 62093313 56920374 64973508 142985152 149513393 262047909 276580214 305481870 320699937 X 732849 12605436 1194020 X false true X true true true X 18705565 16192337 13795974 9651712 20703818 79049406 0 0 18705565 16192337 13795974 9651712 20703818 79049406 2244253 76805153 1546836 1585870 1440478 1415335 1410320 7398839 231531 315069 347020 435283 472037 1800940 1011761 1104851 1006308 985223 998115 5106258 93355443 325118421 0.8227 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 1011761.0, COLUMN B - 1104851.0, COLUMN C - 1006308.0, COLUMN D - 985223.0, COLUMN E - 998115.0, COLUMN F - 5106258.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54170 3173766 X X X X false 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 165767934 3125839 18534132 4287902 7364780 1232430 174542793 0.039 0.7694 0.1916 false false 291687 291687 103843217 45914724 57928493 65372835 26632771 38740064 33760447 32823274 937173 4008806 4008806 101906223 LIMITED PARTNERSHIPS 46280547 F INTERNATIONAL EQUITY FUNDS 71580655 F Real Estate & Other 311574 F 118172776 ANNUITY AND LIFE INCOME PAYABLE 1641118 LINE OF CREDIT 5000000 GOV'T ADVANCES FOR STUDENT LOANS 595936 7237054 X 81344877 12605436 -21824815 -9219379 90564256 679376 0 679376 91243632 66812572 0 0 66812572 679376 23018835 23698211 90510783 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, 2013 through June 30, 2016 for federal purposes and the years ended June 30, 2012 through June 30, 2016 for California purposes. For federal there is an unrelated business income net operating loss carryover of approximately $1,529,000 and $1,475,000 as of June 30, 2017 and 2016, respectively. For California there is an unrelated business income net operating loss carryover of approximately $1,529,000 and $1,475,000 as of June 30, 2017 and 2016, respectively. For federal, the tax effect of the net operating loss was approximately $535,000 and $501,000 as of June 30, 2017 and 2016, respectively. For California, the tax effect of the net operating loss was approximately $128,000 and $130,000 as of June 30, 2017 and 2016, respectively. A net operating loss can only be reflected as a benefit (deferred tax asset) on the statement on 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 a valuation allowance against the deferred tax asset for federal and California for the full amount of approximately $663,000 and $631,000 as of June 30, 2017 and 2016, respectively. Therefore, there is no deferred tax asset on the statement on financial position and there have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. The net change during the year in the total valuation allowance was $32,000. operating loss only are the years ended June 30, 2005 through June 30, 2007 and June 30, 2010 to June 30, 2016 for federal purposes and the years ended June 30, 2007 through June 30, 2008 and June 30, 2010 to June 30, 2017 for California purposes. The net operating loss carryover will begin to expire June 30, 2025 for federal purposes and June 30, 2017 for California purposes. The College applies 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, 2017 and the year ended June 30, 2016, nor are any changes anticipated in the twelve months following June 30, 2017. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Financial Aid - -23018835 Actuarial Adjustment - 1194020 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 23018835 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 SEE SUPPLEMENTAL 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, THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, THE NATIONAL COLLEGIATE ATHLETICS ASSOCIATION, THE COUNTY OF MARIN, THE COUNTY OF CONTRA COSTA, AND THE COUNTY OF ALAMEDA. Schedule E, Part I, Line 3 PUBLICATION OF 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 2016-2017, 54% OF THE UNDERGRADUATE STUDENTS AND 47% 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. Central America and the Caribbean 0 0 Investments 45461569 Europe (Including Iceland and Greenland) 0 0 Investments 17925033 East Asia and the Pacific 0 0 Program Services,Conference Travel Faculty Conference/Research Travel 1810 East Asia and the Pacific 0 0 Program Services Faculty Research Travel Grant/Grant Funded Research 3674 Europe (Including Iceland and Greenland) 0 0 Program Services Faculty Research 8215 North America (Canada & Mexico only) 0 0 Program Services Faculty Research Travel Grant/Grant Funded Research 8132 South America 0 0 Program Services Faculty Research Travel Grant/Grant Funded Research 893 South Asia 0 0 Program Services Faculty Research Travel Grant/Grant Funded Research 1500 North America (Canada & Mexico only) 0 0 Program Services Student recruitment 4788 0 0 0 0 0 0 63415614 0 63415614 true false true true true false true Prize and Research Awards 212 126307 Research Stipend 37 97700 Student Service 25 21177 Financial Aid 1237 23235570 Instruction, Research, Support 155 600154 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 HILLMAN President 160580 0 0 0 0 0 12398 0 43098 0 216076 0 0 0 MARIA CAMMARATA VP FINANCE AND ADMIN/TREASURER 197639 0 0 0 0 0 17792 0 313 0 215744 0 0 0 SHARON WASHINGTON Provost & Dean of the Faculty (partial Year) 223370 0 0 0 0 0 11936 0 10659 0 245965 0 0 0 JULIA OPARAH Provost & Dean of the Faculty 160515 0 0 0 0 0 15606 0 8024 0 184145 0 0 0 RENEE I JADUSHLEVER Chief of Staff & VP for Communications and External Relations 186366 0 0 0 0 0 17792 0 8093 0 212251 0 0 0 Moira Roth Professor of Art History 132000 0 0 0 0 0 12223 0 10629 0 154852 0 0 0 BRUCE B WILLIAMS FLETCHER JONES SOCIOLOGY PROF. 226912 0 0 0 0 0 5093 0 3010 0 235015 0 0 0 Diane Patricia Ketelle Professor of Education 163043 0 0 0 0 0 12497 0 7220 0 182760 0 0 0 MARIANNE BUROFF SHELDON Professor of American History 154928 0 0 0 0 0 11596 0 10515 0 177039 0 0 0 CATHERINE WAGNER Professor of Studio Art 145631 0 0 0 0 0 12223 0 10612 0 168466 0 0 0 ALECIA A DECOUDREAUX FOrmer PRESIDENT 200845 0 0 0 0 0 18115 0 39453 0 258413 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 31602829 Refund 1997, 2005A & 2005b bonds false false false A 0 0 31602829 0 0 31308673 294156 0 0 0 0 0 2015 true true true true A false false false false 0.0 0.0 false false true A false true false false false false false false true A true X 1 54170 Opinions of experts X 45 3448943 Market value X Pledge receivable 15 2830587 Other 1 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 with graduate programs for all genders. The college provides education and training services for these students and performs training and other programs under grants, contracts, and similar agreements with its sponsors, primarily departments and agencies of the United States government, and private donors. 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 College encourages openness to experimentation and change in the context of established academic disciplines. The curriculum combines the traditional liberal arts with new educational initiatives that recognize the value of cultural, racial, and ethnic diversity to enrich our learning and our lives. The College is committed to providing access to higher education to as many talented students as possible in an environment that respects individuality, builds community, and encourages student success. Form 990, Part III, Line 1 Organization's 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 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. Within nine months after graduation, 86% of students from the class of 2017 were employed or pursuing further education and 83% of those in school were seeking Master's or Doctoral degrees. Form 990, Part VI, Line 11b Review of form 990 by governing body Crowe Horwath LLP and Mills College Finance Staff worked together in gathering the required tax information necessary to complete the tax returns. Crowe Horwath 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 Horwath 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 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. President Hillman's salary will be reviewed at the board's Executive Compensation Committee meeting scheduled for April 27 2018 and the committee will report 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 27, 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 XI, Line 9 Other changes in net assets or fund balances Actuarial adjustment - 1194020;