2017-05-05T14:28:47-05:00 2016-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2015-07-01 640303084 Millsaps College % H DANIEL HUNGERFORD MILL 6019741100 PO Box 150433 Jackson MS 39210 H DANIEL HUNGERFORD V.P. FOR FINANCE 6019741100 2017-05-15 true Mary F Overstreet CPA P01270094 6019486700 2017-04-15 2015 2021-01-29 14:40:06Z Robert Pearigen PO Box 150433 Jackson MS 39210 89398492 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 39 38 856 39 -281794 -283983 6508180 7588884 34468012 36070534 6368620 1934286 2158789 2335985 49503601 47929689 16908886 17902140 0 0 19993748 19807728 88115 172378 2083950 15509242 16999527 52499991 54881773 -2996390 -6952084 172270162 162210300 47029530 49578213 125240632 112632087 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 47688284 17902140 32341611 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 810 students. This is achieved with one teacher for every 8 students and an average class size of 10. 338877 5923810 Auxiliary enterprises including the housing of 84% of the approximately 810 students enrolled. 48027161 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 true true true true false false false false false false false false false true true false false false true true true true false false true 280 0 856 true true true false false false false true true false false false false X 39 38 false false false false false false false true true false false true true true true true true true true true true MS X H DANIEL HUNGERFORD 6019741100 1701 N STATE STREET JACKSON MS 39210 William Goodman III Trustee 1.0 0.0 X 0 0 0 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 Will Flatt Trustee 1.0 0.0 X 0 0 0 Tom Fowlkes Trustee 1.0 0.0 X 0 0 0 Cris Glick 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 Katherine Brady Trustee 1.0 0.0 X 0 0 0 Randy James Trustee 1.0 0.0 X 0 0 0 Claire Dobbs Trustee 1.0 0.0 X 0 0 0 John Lindsey Trustee 1.0 0.0 X 0 0 0 Vaughan Mcrae Trustee 1.0 0.0 X 0 0 0 Mike McRee Trustee 1.0 0.0 X 0 0 0 Monte Rector Trustee 1.0 0.0 X 0 0 0 Ward VanSkiver Trustee 1.0 0.0 X 0 0 0 Bud Robinson Jr Trustee 1.0 0.0 X 0 0 0 Toddy Sanders Trustee 1.0 0.0 X 0 0 0 Carol Biedenharn Trustee 1.0 0.0 X 0 0 0 William Yates III Trustee 1.0 0.0 X 0 0 0 Paul McNeill Trustee 1.0 0.0 X 0 0 0 Rev Zachary Beasley Trustee 1.0 0.0 X 0 0 0 Rev Jerry Bostick Beam Trustee 1.0 0.0 X 0 0 0 Bill Bynum Trustee 1.0 0.0 X 0 0 0 Mark Freeman Trustee 1.0 0.0 X 0 0 0 Rev Lisa Garvin Trustee 1.0 0.0 X 0 0 0 Judge James E Graves Jr Trustee 1.0 0.0 X 0 0 0 Peder Johnson Trustee 1.0 0.0 X 0 0 0 Rev Geoffrey Joyner Trustee 1.0 0.0 X 0 0 0 Richard Mills Trustee 1.0 0.0 X 0 0 0 Robert C Robbins Trustee 1.0 0.0 X 0 0 0 Rev Joey Shelton Trustee 1.0 0.0 X 0 0 0 Mike Sturdivant Jr Trustee 1.0 0.0 X 0 0 0 Bishop James E Swanson Sr Trustee 1.0 0.0 X 0 0 0 Mack Varner Trustee 1.0 0.0 X 0 0 0 Jean Medley Trustee 1.0 0.0 X 0 0 0 Charles R Lathem Trustee 1.0 0.0 X 0 0 0 Donna Ruth Roberts Trustee 1.0 0.0 X 0 0 0 Brit Katz VP of Stud Life & Dean of Stud 40.0 0.0 X 101398 0 12753 Dr Keith Dunn Sr. VP for Acad Affairs & Dean 40.0 0.0 X 160069 0 29474 Dr Robert Pearigen President 40.0 0.0 X 339344 0 32699 Terri Hudson VP for Inst. Planning & Assess 40.0 0.0 X 145062 0 6650 Robert Alexander VP for Enrollment & Comm 40.0 0.0 X 198166 0 27978 Michael Hutchison VP for Inst. Adv. (term 2/16) 40.0 0.0 X 159184 0 31395 H Daniel Hungerford VP For Finance 40.0 0.0 X 12046 0 1649 Jesse Beeler Professor of Accounting 40.0 0.0 X 188056 0 14833 Kimberly Burke Dean & Prof. of Accting 40.0 0.0 X 172719 0 17931 Robert McElvaine Professor of History 40.0 0.0 X 135035 0 22939 Damon Campbell Associate Professor of MIS 40.0 0.0 X 167655 0 27514 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 40.0 0.0 X 137835 0 60475 1916569 0 286290 11 false true false ARAMARK CORPORATION ARAMARK LOCKBOX DALLAS TX 75397 FOOD SERVICES 2258282 WG YATES SONS CONSTRUCTION PO BOX 456 PHILADELPHIA MS 39530 CONSTR. & RENOVATION 2069194 ROYALL COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 ENROLLMENT CONSULT 542232 PREWITT CONTRACT SERVICES INC PO BOX 2268 CLINTON MS 39060 CLEANING & MAINT 370498 ELLUCIAN INC 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 TECH SUPPORT 293884 11 11350 83849 443201 7050484 1595185 7588884 Tuition & Fees 611600 29622695 29622695 Sales & Services Auxiliary Enterprises 611710 5923810 5923810 Income from Funds Held in Trust by Others 900099 524029 524029 36070534 2028857 -281794 2310651 0 0 82911 82911 0 82911 82911 39595600 39690171 -94571 -94571 -94571 5950 11350 19255 -13305 -13305 45626 1661 43965 43965 3952603 1757716 2194887 2194887 TRANSCRIPT FEES 900099 15300 15300 MISCELLANEOUS REVENUE 900099 12227 12227 27527 47929689 38265421 -281794 2357178 22740 22740 17800610 17800610 78790 78790 0 1285436 529253 466745 289438 0 15472296 12339357 2267343 865596 525073 435936 77137 12000 1384939 1134688 205365 44886 1139984 919697 150050 70237 0 104448 104448 182155 182155 0 172378 172378 0 1073760 956720 108606 8434 414339 233152 147337 33850 4133782 3382769 608202 142811 560012 532626 13693 13693 0 1454663 1367383 43640 43640 1321255 1175339 58098 87818 0 33035 32202 273 560 1535865 1443713 46076 46076 0 3608232 3391738 108247 108247 719218 676064 21577 21577 Repairs & Maintenance 1042222 968912 46065 27245 Special Events 470853 312582 91949 66322 DEPARTMENT EXPENSES 59845 18359 18000 23486 BAD DEBT EXPENSE 108593 102077 3258 3258 177250 172454 2398 2398 54881773 48027161 4770662 2083950 2391887 6574436 1297752 6989518 2454964 2485605 749598 654833 0 0 0 0 1914214 2012758 0 0 450894 126804 108464746 73761096 34454518 34703650 60770740 52369660 45970973 38834793 0 0 0 0 21814622 17458243 172270162 162210300 3310529 3883235 0 0 1859745 1013430 26584000 25646000 0 0 0 0 3880656 6821949 1473745 1671758 9920855 10541841 47029530 49578213 X 29458602 25183101 25296085 16951964 70485945 70497022 125240632 112632087 172270162 162210300 X -6952084 -7185428 1528967 X false true X true true true X 6686717 6626344 9576038 6508180 7588884 36986163 0 0 6686717 6626344 9576038 6508180 7588884 36986163 722885 36263278 2967320 3455638 1407515 1554058 2111768 11496299 9607 20238 2935 32780 2480385 3233658 2490511 1972894 2222414 12399862 60915104 170918590 0.59531 0.61230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107550021 3897043 -5152526 3303800 4413871 98576867 116150926 1412052 1464689 4540271 6937375 107550021 104272928 1947486 18490170 4012419 4547239 116150926 85618992 463308 26002944 4121055 3691261 104272928 90319260 1452986 -222652 2995451 2935151 85618992 0.27310 0.57430 0.15260 true false 411185 411185 81840468 54339018 27501450 20010406 17762062 2248344 6202687 1660016 4542671 34703650 STOCK 38834793 F 38834793 Funds Held in Trust 11199092 Investment in Millsaps Dev Inc 3833596 Cash Surrender Value Life Ins 2425535 OTHER ASSETS 20 17458243 0 Liability for Financial Instrument 4066243 Advance Under Government Loans 1669213 Due to MDI 3327000 LIABILITY FOR ASSET RETIREMENT 280034 DUE TO ARAMARK 1199351 10541841 Part V, Line 1: Prior year amounts were restated in the current year to remove certain other investments that were included as endowment in prior years that were not "pure endowed assets" to allow for a more accurate accounting of the College's endwoment. Part V, Line 4: The intended uses of the endowment are primarily student scholarships, faculty chairs and salaries and academic department 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 15549196 Central America and the Caribbean Program Services STUDY ABROAD PROGRAM 17 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 149941 North America Program Services STUDY ABROAD PROGRAM 98962 South America Program Services STUDY ABROAD PROGRAM 23090 North America Program Services ACADEMIC FACILITIES 22835 North America Program Services RESEARCH 33523 North America Program Services GRANTS 78790 15956354 15956354 North America RESEARCH 73690 WIRE 1 Scholarships North America 2 5100 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 I, Line 3: Millsaps College owns an interest in Private Advisors Stable Value Fund, LTD and Magnitude International, hedge funds domiciled in the Cayman Islands. The book value of these investments as of 06/30/2016 was $15,549,196. Part IV, Line 1: MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. THE AMOUNT OF INDIRECT TRANSFERS OF PROPERTY WERE BELOW 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 6/30/2016 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 96200 THE CONVERSE GROUP CAMPAIGN CONSULTING false 50117 PHP COMMUNICATION CAMPAIGN CONSULTING false 5061 WILSON-BENNETT TECHNOLOGY PHONATHON false 89487 21000 68487 89487 172378 68487 LIFT A THON 11350 11350 BOWL TICKETS 5950 5950 19255 0 17300 11350 5950 19255 19255 -13305 45626 1661 true 1.00000 45626 1661 1661 43965 MS false NOT REQUIRED FOR RAFFLES false true false 1.00000 H DANIEL HUNGERFORD 1701 N STATE STREET JACKSON MS 39210 false H DANIEL HUNGERFORD 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. The Converse Group - Provided support, advice and guidance to the Institutional Advancement team to help develop strategies with the major gift officers for their assigned donors, as well as, support the president in major donor fundraising and manage a specialized portfolio of major donor prospects. The Converse Group also provided support to the Annual Fund team in closing out the fiscal year 2016 campaign. PHP Communication Provided writing expertise for developing campaign materials. ALEXANDER HAAS, INC, THE CONVERSE GROUP, AND PHP COMMUNICATION PLAYED A ROLE IN THE 2016 CAMPAIGN. THEIR COMBINED EFFORTS GENERATED GROSS RECIPTS OF $10,934,512 FOR THE CAMPAIGN. Wilson-Bennett Technology Conducted a Phonathon. There were $89,487 gross receipts generated from this activity. PART II, EVENT #2: 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 G (GAMING). THE TOTAL REVENUE FROM THIS FUNDRAISER WAS $51,576 AND EXPENSE WAS $20,916 FOR A NET RECEIVED OF $30,660. true Pinelake Church Pinelake - Reservoir 6071 Hwy 25 N Brandon MS 39047 640538192 501(c)(3) 17740 See Part IV 1 Scholarships 832 17699080 Part I, Line 2: Procedures and conditions are designed to ensure that individuals receiving disbursements are adequately investigated to ensure 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 II, Line 1(h): Funding for students' mission trip X X true true X X X X X false false false false false false false false false Jesse Beeler Professor of Accounting 124807 0 0 0 63249 0 6566 0 8267 0 202889 0 0 0 Kimberly Burke Dean & Prof. of Accting 172349 0 0 0 370 0 9180 0 8751 0 190650 0 0 0 Dr Keith Dunn Sr. VP for Acad Affairs & Dean 158652 0 0 0 1417 0 8568 0 20906 0 189543 0 0 0 Dr Robert Pearigen President 289149 0 0 0 50195 0 13250 0 19449 0 372043 0 0 0 Robert McElvaine Professor of History 124164 0 0 0 10871 0 6699 0 16240 0 157974 0 0 0 Terri Hudson VP for Inst. Planning & Assess 133000 0 0 0 12062 0 6650 0 0 0 151712 0 0 0 Robert Alexander VP for Enrollment & Comm 194370 0 0 0 3796 0 7650 0 20328 0 226144 0 0 0 Michael Hutchison VP for Inst. Adv. (term 2/16) 157770 0 0 0 1414 0 8543 0 22852 0 190579 0 0 0 Damon Campbell Associate Professor of MIS 121952 0 0 0 45703 0 6608 0 20906 0 195169 0 0 0 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 85016 0 0 0 52819 0 5360 0 55115 0 198310 0 0 0 Part I, Line 1A DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN HOUSING ALLOWANCE: ROBERT PEARIGEN AND H. DANIEL HUNGERFORD ALL 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 5550000 0 31058702 0 0 0 265304 0 0 14174771 1346545 0 2011 true false true true A false false false false 0 false false false false A false true false false true 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. WGYATES SONS CONSTRUCTION SEE PART V 1479115 SEE PART V BELOW false PART IV, LINE 1, COLUMNS (B) & (D) Board member, William Yates, is a more than 35% owner of W.G. Yates & Sons Construction. In February of 2016, the Board authorized the College to enter into a design/build contract with Yates Construction for the renovation of the Christian Center (a historic academic building on campus). The funds for the building will be paid in part by a contribution from the Yates family. Mr. Yates abstained from voting or taking part of any decisions related to this project. X 48 1595185 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 President's 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: BOOK/TAX DIFFERENCE ON UBI INVESTMENTS $ 341,565 ELIMINATION OF MDI 2,278,536 INCREASE IN CASH SURRENDER VALUE 226,279 CHANGE IN VALUE IN SPLIT INTERESTS (82,151) CHANGE IN INTEREST RATE SWAP (602,063) CHANGE IN BENEFICIAL TRUST (633,199) TOTAL - OTHER CHANGES IN FUND BALANCE $ 1,528,967 Millco PO Box 150433 Jackson MS 39210 640511687 See Part VII MS 0 0 NA Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 See Part VII MS 501(c)(2) NA true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 See Part VII MS 501(c)(2) NA true Kaxil Kiuic AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX See Part VII MX N/A true Micas-Kiuic Venture AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX See Part VII MX N/A true false false true false false false false false false false false false false false false false false true false Millsaps Development Inc c 83849 Net Earnings Kaxil Kiuic AC r 73690 Operating Exp. 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.