2017-05-12T23:00:15-05:00 2016-06-30 350921680 CROWE HORWATH LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2015-07-01 941156566 Mills College MILL 5104302223 5000 Macarthur Boulevard Oakland CA 94613 Elizabeth Hillman President 2017-04-25 true Nicole Bencik P00756195 4155761100 2015 2021-01-29 14:40:06Z Elizabeth Hillman 5000 Macarthur Boulevard Oakland CA 94613 86914231 false X WWW.MILLS.EDU X 1852 CA FOUNDED IN 1852, MILLS COLLEGE (THE "COLLEGE") IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR WOMEN, WITH GRADUATE PROGRAMS FOR BOTH WOMEN AND MEN. THE COLLEGE PROVIDES EDUCATION AND TRAINING SERVICES FOR UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN, 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. 35 34 1546 383 262973 -54110 13795974 9651712 67087656 63573126 5816472 3740051 1353328 1420506 88053430 78385395 23744902 23035980 0 0 42163735 41673493 84180 91521 1632432 26087790 26835947 92080607 91636941 -4027177 -13251546 328027693 305481870 43355501 43433961 284672192 262047909 Founded in 1852, Mills College (The "College") is an independent, four-year liberal arts college, located in Oakland, California. An undergraduate college for women, with graduate and professional programs for women and men, the College offers a highly individualistic, yet intensely inclusive, environment where students are encouraged to stand out, emboldened to think big, and empowered to make a statement. The College provides curricular and co-curricular opportunities to educate 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. Within nine months after graduation, 90% of students from the class of 2015 were employed or pursuing further education and 81% of those in school were seeking Master's or Doctoral degrees. false false 54984287 23019916 50715601 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 $42,000. Of the total $31.7M in aid awarded, $19.7M was funded by Mills. Forty-two percent of our students receive Cal Grants and 47% are eligible for Pell grants. The College's 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. 24769599 16064 12857525 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. 79753886 true true false true false false false true false true true true false false true true true false true false true false false true 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 2009 0 true 1546 true true true false false false false false false false false false X 35 34 false false false false false false false true true false false true true true true true true true true false CA AK IL KY MA MD MI NH NV NY OK OR SC WI CO HI FL X Maria Cammarata 5104302089 5000 MACARTHUR BLVD OAKLAND CA 94613 ALECIA A DECOUDREAUX PRESIDENT 60.0 X X 395341 0 104448 KATHLEEN BURKE 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 1.0 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 2.0 X 0 0 0 KATHERINE SCHAPIRO BOARD TRUSTEE 2.0 X 0 0 0 KATIE SANBORN BOARD TRUSTEE 4.0 X 0 0 0 LINDA COHEN TURNER BOARD TRUSTEE 1.0 X 0 0 0 LIZ PARKER BOARD TRUSTEE 2.0 X 0 0 0 LYN FLANIGAN BOARD TRUSTEE 1.0 X 0 0 0 MARGARET WILKERSON BOARD TRUSTEE 2.0 X 0 0 0 MARIBELLE LEAVITT BOARD TRUSTEE 2.0 X 0 0 0 MARYELLEN CATTANI HERRINGER BOARD TRUSTEE 1.0 X 0 0 0 MEI KWONG BOARD TRUSTEE 2.0 X 0 0 0 MELISSA STEVENSON DIAZ BOARD TRUSTEE 1.0 X 0 0 0 MODESTA TAMAYO BOARD TRUSTEE 1.0 X 0 0 0 LALITA TADEMY BOARD TRUSTEE 1.0 X 0 0 0 NT LUCY DO BOARD TRUSTEE 1.0 X 0 0 0 ROSELYN CHROMAN SWIG BOARD TRUSTEE 1.0 X 0 0 0 RICHARD BARRETT BOARD TRUSTEE 1.0 X 0 0 0 JUDITH R JAMES BOARD TRUSTEE 1.0 X 0 0 0 WENDY BRODY BOARD TRUSTEE 1.0 X 0 0 0 BARBARA A WOLFE 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 1.0 X 0 0 0 Sandra Macias Board Trustee 1.0 X 0 0 0 MARIA CAMMARATA VP FINANCE AND ADMIN/TREASURER 50.0 X 111669 0 9026 MARIANNE BUROFF SHELDON BOARD SECRETARY 40.0 X 173868 0 25216 CARRIE HALL BOARD ASSISTANT SECRETARY 40.0 X 79825 0 15071 SHARON WAGHINGTON PROVOST 50.0 X 130023 0 5040 RENEE I JADUSHLEVER CHIEF OF STAFF & VP OPERATIONS 50.0 X 187173 0 25753 BRUCE B WILLIAMS FLETCHER JONES SOCIOLOGY PROF. 40.0 X 163560 0 19602 JOSEPH KAHNE Professor of Education 40.0 X 146216 0 18392 KATHERINE SCHULTZ DEAN OF SCHOOL OF EDUCATION 40.0 X 161703 0 22021 Linda R Kroll Professor of Education 40.0 X 151501 0 18921 Diane Patricia Ketelle Professor of Education 40.0 X 148784 0 16932 JAMIE NICKEL FORMER INTERIM VP FINANCE AND ADMIN/TREASURER (8/06/10 - 9/30/12) 50.0 X 119666 0 18600 1969329 0 299022 64 true true true BON APPETIT (COMPASS GROUP) PO BOX 59184 BOULDER CO 80322 FOOD SERVICE PROVIDER 3031311 Impec Group Inc 3350 Scott Blvd Bldg 8 Santa Clara CA 95054 Facility Management 484960 Apex Janitorial Solutions 70 Dorman Street Suite 2 San Francisco CA 94124 Janitorial Services 394781 Altura Construction PO Box 2307 Napa CA 94558 Construction 317343 Central Bay Roofing 1814 Clement Avenue Alameda CA 94501 Construction 184847 33 0 0 0 0 3339305 6312407 2201194 9651712 TUITION AND FEES 900099 50715601 50715601 AUXILIARY SERVICES 611710 12857525 12857525 0 0 0 0 63573126 1415335 2659 1412676 0 0 10853552 8528836 2324716 0 2324716 2324716 MISCELLANEOUS 611710 985223 985223 SWIMMING POOL 713940 435283 260314 174969 0 0 0 0 1420506 78385395 63573126 262973 4897584 23035980 23035980 1683577 648644 1034933 31629551 27489287 3553132 587132 1817876 1565447 222902 29527 4408038 3776382 570557 61099 2134451 1835077 253283 46091 314270 162781 148070 3419 152513 286 152221 6 91521 91521 863826 863826 8378350 7132658 701725 543967 281934 260833 21083 18 2041395 1577221 394088 70086 1333217 651121 680556 1540 3965507 3686437 224007 55063 560946 523788 25883 11275 240069 97262 111177 31630 1049289 930177 102298 16814 4503216 3992022 439032 72162 713125 312790 394447 5888 HOSPITALITY - FOOD/CATERING 443985 254929 184596 4460 INDIRECT GRANT COSTS 474448 474448 COLLEGE/STUDENT EVENTS 349787 331951 17835 1 BAD DEBT EXPENSE 394284 394284 775786 620081 154972 733 91636941 79753886 10250623 1632432 46887 90442 15219350 12824275 19457596 13979707 1285375 1106277 0 0 2338413 2021105 50996 39312 2142137 2371362 205440482 100984433 107965592 104456049 58791999 56987799 120729348 111605542 0 0 0 328027693 305481870 5749207 4639609 31467646 30817512 6138648 7976840 43355501 43433961 X 73818936 62142383 68468382 56920374 142384874 142985152 284672192 262047909 328027693 305481870 X -13251546 -8247139 0 -1125598 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 925 false false 925 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The organization makes comments or statements concerning legislation which may impact the education industry. The organization has not intervened in any political campaign. The organization engaged in telephone conversations and/or write letters to various federal, state, and local officials regarding matters which affect the industry as a whole. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The organization makes comments or statements concerning legislation which may impact the education industry. The organization has not intervened in any political campaign. The organization engaged in telephone conversations and/or write letters to various federal, state, and local officials regarding matters which affect the industry as a whole. 96340 3119596 X X X X false 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 183397312 1916397 -1633727 4407597 12632706 871745 165767934 0.0416 0.7982 0.1602 false false 291687 291687 103843217 43610178 60233039 64843859 25013311 39830548 33342123 32360944 981179 3119596 3119596 104456049 LIMITED PARTNERSHIPS 38653960 F INTERNATIONAL EQUITY FUNDS 72056766 F REITS Real Estate & Other 894816 F 111605542 ANNUITY AND LIFE INCOME PAYABLE 1978228 LINE OF CREDIT 5000000 GOV'T ADVANCES FOR STUDENT LOANS 998612 7976840 X 45487070 -8247139 -23787359 -32034498 77521568 863827 0 863827 78385395 68111354 0 0 68111354 863827 22661760 23525587 91636941 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 $1,475,000 and $1,440,000 as of June 30, 2016 and 2015, respectively. For California there is an unrelated business income net operating loss carryover of approximately $1,475,000 and $1,440,000 as of June 30, 2016 and 2015, respectively. For federal, the tax effect of the net operating loss was approximately $501,000 and $490,000 as of June 30, 2016 and 2015, respectively. For California, the tax effect of the net operating loss was approximately $130,000 and $127,000 as of June 30, 2016 and 2015, 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 $631,000 and $617,000 as of June 30, 2016 and 2015, 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 $14,000. The carryover extends the statute of limitations and thus the open tax years for purposes of the net operating loss only are the years ended June 30, 2005 through June 30, 2007 and June 30, 2010 to June 30, 2012 for federal purposes and the years ended June 30, 2006 through June 30, 2007 and June 30, 2010 to June 30, 2012 for California purposes. The net operating loss carryover will begin to expire June 30, 2025 for federal purposes and June 30, 2016 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, 2016 and the year ended June 30, 2015, nor are any changes anticipated in the twelve months following June 30, 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Financial Aid - -22661760 Actuarial Adjustment - -1281438 Loss on bond refunding - 155839 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 22661760 true true true true true true true 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 COUNTY OF MARIN, THE OAKLAND UNIFIED SCHOOL DISTRICT, THE COUNTY OF CONTRA COSTA, THE COUNTY OF ALAMEDA AND THE INSTITUTE OF MUSEUM AND LIBRARY SCIENCE. 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 2015-2016, 51% OF THE UNDERGRADUATE STUDENTS AND 42% 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. true Central America and the Caribbean 0 0 Investments 46997561 Europe (Including Iceland and Greenland) 0 0 Investments 13841790 East Asia and the Pacific 0 0 Program Services Faculty Research 3699 Europe (Including Iceland and Greenland) 0 0 Program Services Faculty Research 7853 Middle East and North Africa 0 0 Program Services Faculty Research 1353 North America (Canada & Mexico only) 0 0 Program Services Faculty Research 2602 Europe (Including Iceland and Greenland) 0 0 Program Services Professional Conference 3780 East Asia and the Pacific 0 0 Program Services Student Trip Funded by Chinese Language Enhancement Fund 2204 South Asia 0 0 Program Services Faculty Research 2701 0 0 0 0 0 0 60863543 0 60863543 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS ARE ACCOUNTED FOR IN A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND THE AWARD. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS GRANTS ARE ACCOUNTED FOR IN A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND THE AWARD. X X X X X X true Netzel Grigsby Associates Inc 2033 Gateway Place Suite 500 San Jose CA 951101060 Consulting false 0 91521 -91521 0 91521 -91521 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY true Prize and Research Awards 228 130887 Research Stipend 28 89900 Student Service 21 16064 Financial Aid 1306 22765066 Instruction, Research, Support 168 34063 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 ALECIA A DECOUDREAUX PRESIDENT 395341 0 0 0 0 0 25531 0 78917 0 499789 0 0 0 MARIANNE BUROFF SHELDON BOARD SECRETARY 154179 0 0 0 19689 0 15565 0 9651 0 199084 0 0 0 RENEE I JADUSHLEVER CHIEF OF STAFF & VP OPERATIONS 187173 0 0 0 0 0 17771 0 7982 0 212926 0 0 0 BRUCE B WILLIAMS FLETCHER JONES SOCIOLOGY PROF. 163560 0 0 0 0 0 12223 0 7379 0 183162 0 0 0 JOSEPH KAHNE Professor of Education 146216 0 0 0 0 0 11135 0 7257 0 164608 0 0 0 KATHERINE SCHULTZ DEAN OF SCHOOL OF EDUCATION 161703 0 0 0 0 0 13034 0 8987 0 183724 0 0 0 Linda R Kroll Professor of Education 151501 0 0 0 0 0 11444 0 7477 0 170422 0 0 0 Diane Patricia Ketelle Professor of Education 148784 0 0 0 0 0 9553 0 7379 0 165716 0 0 0 JAMIE NICKEL FORMER INTERIM VP FINANCE AND ADMIN/TREASURER (8/06/10 - 9/30/12) 119666 0 0 0 0 0 10997 0 7603 0 138266 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 0.0 false false true A false true false false false false false false true A true X 62 96340 Opinions of experts X 58 783864 Market value X Pledge receivable 11 1320990 Other - Stated Value 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 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 AND THE COLLEGE PRESIDENT, THE COLLEGE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER REVIEWED THE FORM 990 DRAFT FOR ACCURACY AND COMPLETENESS. THE AUDIT COMMITTEE AND FULL BOARD OF DIRECTORS ARE PROVIDED A FULL COPY OF THE FORM 990 EITHER VIA EMAIL OR FOR IN PERSON REVIEW. AFTER A REVIEW PERIOD, THE AUDIT COMMITTEE MEMBERS MET WITH MILLS COLLEGE MANAGEMENT AND CROWE HORWATH LLP REPRESENTATIVES TO REVIEW THE DRAFT IN DETAIL. AFTER THIS REVIEW, 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 SCHEDULE FOR MAY 4, 2017 AND THE COMMITTEE WILL REPORT ON THEIR MEETING TO THE BOARD OF TRUSTEES ON MAY 12, 2017. PRIOR TO HER APPOINTMENT AS PRESIDENT, THE SALARY OFFER WENT THROUGH A PROCESS WITH THE BOARD CHAIR AND THE COMMITTEE IN THE SPRING OF 2016. 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 SCHEDULE FOR MAY 4, 2017 AND THE COMMITTEE WILL REPORT ON THEIR MEETING TO THE BOARD OF TRUSTEES ON MAY 12, 2017. 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 - -1281437; Loss on bond refunding - 155839;