2016-05-16T09:16:37-05:00 2015-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2014-07-01 640303084 Millsaps College % H DANIEL HUNGERFORD MILL 6019741100 PO Box 150433 Jackson MS 39210 H DANIEL HUNGERFORD VP FOR FINANCE 6019741100 2016-05-15 true Penny Wood CPA P00328157 6019486700 2016-05-15 2014 2016-08-17 19:52:53Z Robert Pearigen PO Box 150433 Jackson MS 39210 52981954 false X www.millsaps.edu X 1890 MS MILLSAPS COLLEGE IS A PRIVATE NONPROFIT LIBERAL ARTS COLLEGE BASED IN JACKSON, MS; PROVIDING EDUCATION AND TRAINING SERVICES FOR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL 40 39 861 40 -169409 -173260 9576038 6508180 31929902 34468012 6280643 6368620 2551600 2158789 50338183 49503601 15397756 16908886 0 0 18960834 19993748 28572 88115 1494373 15504723 15509242 49891885 52499991 446298 -2996390 179646220 172270162 44835612 47029530 134810608 125240632 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 44869925 16908886 30860427 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 845 students. This is achieved with one teacher for every 9 students and an average class size of 12. 277139 5505878 Auxiliary enterprises including the housing of 80% of the approximately 845 students enrolled. 45147064 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 256 0 861 true true true false false false false true true false false false false X 40 39 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 Richard Hickson Trustee 1.0 0.0 X 0 0 0 Randy James Trustee 1.0 0.0 X 0 0 0 Eason Leake 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 Don Mitchell Trustee 1.0 0.0 X 0 0 0 Cooper Morrison 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 Rev Heather Hensarling 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 Louise Burney V.P. - Finance 40.0 0.0 X 103193 0 16695 Brit Katz V.P. - Student Affairs 40.0 0.0 X 100186 0 12796 Dr Keith Dunn Sr. V.P. - Academic Affairs 40.0 0.0 X 158874 0 29362 Dr Robert Pearigen President 40.0 0.0 X 340491 0 31816 Terri Hudson V.P. - Planning & Assessment 40.0 0.0 X 130884 0 6292 Robert Alexander V.P. - Enrollment Management 40.0 0.0 X 205003 0 15749 Michael Hutchison V.P. - Institutional Adv. 40.0 0.0 X 164386 0 24510 Jesse Beeler Professor of Accounting 40.0 0.0 X 184579 0 14802 Kimberly Burke Professor of Accounting 40.0 0.0 X 171298 0 28576 Robert McElvaine Professor of History 40.0 0.0 X 133425 0 25495 Damon Campbell Assistant Professor of Mgmt 40.0 0.0 X 146586 0 24542 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 40.0 0.0 X 127152 0 56329 1966057 0 286964 22 false true false WG YATES SONS CONSTRUCTION PO BOX 456 PHILADELPHIA MS 39530 CONSTR. & RENOVATION 2273446 VALLEY INNOVATIVE SERVICES PO BOX 5454 JACKSON MS 39288 FOOD SERVICES 1087466 ARAMARK CORPORATION ARAMARK LOCKBOX DALLAS TX 75397 FOOD SERVICES 819707 ROYALL COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 ENROLLMENT CONSULT 527728 BUSINESS COMMUNICATIONS DISTRIBUTOR 2301 PERIMETER RD MOBILE AL 36615 COMMUNICATIONS 307390 21 9557 90685 1956911 4451027 218815 6508180 TUITION AND FEES 611600 28436869 28436869 SALES AND SERVICES AUXILIARY ENTERPRISES 611710 5505878 5505878 INCOME FROM FUNDS HELD IN TRUST BY OTHERS 900099 525265 525265 34468012 1385512 -169409 1554921 0 0 168546 168546 0 168546 168546 6470256 1487148 4983108 4983108 4983108 5860 9557 19603 -13743 -13743 32509 1417 31092 31092 3868478 1970185 1898293 1898293 WATER DAMAGE CLAIM 900099 64719 64719 MISCELLANEOUS REVENUE 900099 9882 9882 74601 49503601 36366305 -169409 6798525 8000 8000 16824919 16824919 75967 75967 0 1270869 464046 490579 316244 0 14942772 12043361 2116944 782467 504777 400416 74960 29401 2355641 1427157 928484 919689 692338 161763 65588 0 116603 116603 137107 137107 0 88115 88115 0 120995 75044 41951 4000 946275 709203 210162 26910 3696732 3150473 464724 81535 258572 75660 182912 0 3061727 3061727 1384012 1253177 56647 74188 0 223628 78372 145256 1389151 1389151 0 3385635 3385635 535764 535764 TELEPHONE 166030 20180 143129 2721 POSTAGE 86976 11804 53052 22120 EQUIPMENT RENTAL & MAINT. 35 434 -1483 1084 52499991 45147064 5858554 1494373 X 2300473 2391887 2793996 1297752 3560695 2454964 957611 749598 0 0 0 0 2007977 1914214 0 0 470634 450894 107611544 73157026 31878181 34454518 68830070 60770740 45711349 45970973 0 0 0 0 21135234 21814622 179646220 172270162 3180288 3310529 0 0 2061613 1859745 27482000 26584000 0 0 0 0 2945147 3880656 896304 1473745 8270260 9920855 44835612 47029530 X 36089358 29458602 29234405 25296085 69486845 70485945 134810608 125240632 179646220 172270162 X -2996390 -6455407 -118179 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123347721 1412052 1464689 4540271 6937375 114746816 111469723 1947486 18490170 4012419 4547239 123347721 92815787 463308 26002944 4121055 3691261 111469723 97516055 1452986 -222652 2995451 2935151 92815787 82058260 2165345 18469943 2304709 2872784 97516055 0.24000 0.66000 0.10000 true false 411185 411185 79478367 52545759 26932608 21421058 18958030 2463028 6300934 1653237 4647697 34454518 STOCK 45970973 F 45970973 FUNDS HELD IN TRUST 14761382 INVESTMENT IN MILLSAPS DEV INC 3833596 CASH SURRENDER VALUE LIFE INS 2400200 OTHER ASSETS 819444 21814622 0 LIABILITY FOR FINANCIAL INSTR. 3464180 LIABILITY FOR ASSET RETIREMENT 275872 ADVANCE UNDER GOVERNMENT LOANS 1755722 DUE TO MDI 2910990 DUE TO ARAMARK 1514091 9920855 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 24921951 Central America and the Caribbean Program Services STUDY ABROAD PROGRAM 2257 East Asia and the Pacific Program Services STUDY ABROAD PROGRAM 18199 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 201445 North America Program Services STUDY ABROAD PROGRAM 115718 South America Program Services STUDY ABROAD PROGRAM 23235 North America Program Services ACADEMIC FACILITIES 22012 North America Program Services RESEARCH 62109 North America Program Services GRANTS 85891 25452817 25452817 North America RESEARCH 75967 WIRE 1 0 Scholarships North America 4 9924 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, Magnitude International, and Pointer Offshore, LTD, hedge funds domiciled in the Cayman Islands. The book value of these investments as of 06/30/2015 was $24,921,951. 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 6/30/2015 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 3520 PIEDMONT RD NE ATLANTA GA 30305 CAMPAIGN FEAS. STUDY false 55044 -55044 TEDESCO AFFILIATES LLC 11245 DOVEDALE CT MARRIOTTSVILLE MD 21104 DONOR ANALYSIS false 10500 -10500 WILSON-BENNETT TECHNOLOGY 140 PROFESSIONAL DR SUITE 2 CABOT AR 72023 PHONATHON false 89543 22000 67543 89543 87544 1999 MS LIFT A THON 9557 9557 BOWL TICKETS 5860 5860 19603 0 15417 9557 5860 19603 19603 -13743 32509 1417 true 1.00000 32509 1417 1417 31092 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. - A campaign feasibility study was conducted during the fiscal year which related to planning and consulting. There were no gross receipts during the current fiscal year but will be reported instead in subsequent years. Tedesco & Affiliates LLC - A donor database analysis was conducted. It is difficult to quantify the receipts from such activity so none are being reported for this fiscal year. 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 IS REPORTED IN PART III OF SCHEDULE G (GAMING). THE TOTAL REVENUE FROM THIS FUNDRAISER WAS $38,369 AND EXPENSE WAS $21,020 FOR A NET RECEIVED OF $17,349. true Purple Word Center for Book & Paper Arts 160 McTyere Ave Jackson MS 39202 472898909 501(c)(3) 8000 See Part IV 1 Sponsored Scholarships 71 713025 Endowed Scholarships 267 3084252 Other Scholarships 787 12365241 SEOG 132 193942 MS Tuition Assistance Grant 209 136250 MS Eminent Scholars 56 137500 Critical Need Teachers Scholarship 1 16164 HELP State Grant 24 148545 Teacher Education Scholars 2 30000 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): Promotes literacy in the community & conducts workshops on printmaking & book arts X X true true X X X X X false false false false false false false false false Jesse Beeler Professor of Accounting 183947 0 0 0 632 0 6480 0 8322 0 199381 0 0 0 Kimberly Burke Professor of Accounting 170936 0 0 0 362 0 9060 0 19516 0 199874 0 0 0 Dr Keith Dunn Sr. V.P. - Academic Affairs 157466 0 0 0 1408 0 8456 0 20906 0 188236 0 0 0 Dr Robert Pearigen President 290436 0 0 0 50055 0 13000 0 18816 0 372307 0 0 0 Robert McElvaine Professor of History 132884 0 0 0 541 0 6611 0 18884 0 158920 0 0 0 Robert Alexander V.P. - Enrollment Management 203760 0 0 0 1243 0 0 0 15749 0 220752 0 0 0 Michael Hutchison V.P. - Institutional Adv. 162978 0 0 0 1408 0 2136 0 22374 0 188896 0 0 0 Damon Campbell Assistant Professor of Mgmt 146507 0 0 0 79 0 6136 0 18406 0 171128 0 0 0 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 126912 0 0 0 240 0 4937 0 51392 0 183481 0 0 0 Part I, Line 1A DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN HOUSING ALLOWANCE: ROBERT PEARIGEN ALL BENEFITS PROVIDED ARE INCLUDED IN THE COMPENSATION OF THE RECIPIENT. A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2008-08-05 31000000 SEE PART VI false false false A 4640000 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 2273446 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. W.G. YATES AND SONS CONSTRUCTION WAS HIRED TO RENOVATE THE JAMES BOYD CAMPBELL ADMINISTRATIVE CENTER AND TO MAKE IMPROVEMENTS TO CERTAIN ATHLETIC FACILITIES AND THE ACADEMIC OFFICE BUILDING IN THE CURRENT YEAR. MR. YATES ABSTAINED FROM VOTING OR TAKING PART OF ANY DECISIONS RELATED TO THESE PROJECTS. X 39 218815 FMV false true false Schedule M, Part I, Line 33: The total value of securities received during the fiscal year was $595,479. $376,664 of this amount represents a pledge which had been reported as revenue in a prior year. 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 11, Part X, Column (A): PRIOR YEAR AMOUNTS FOR LINES 11 & 25 WERE RESTATED TO PROPERLY REFLECT THE BOOK AMOUNTS REPORTED FOR THE INVESTMENT IN MILLSAPS DEVELOPMENT AND THE LIABILITY DUE TO MILLSAPS DEVELOPMENT. IN ADDITION, PLEDGES RECEIVABLE ON LINE 3 WAS ADJUSTED TO MATCH THE AMOUNTS REPORTED PER THE FINANCIAL STATEMENTS. Form 990, Page 12, Part XI, Line 9: OTHER CHANGES IN FUND BALANCE: BOOK/TAX DIFFERENCE ON UBI INVESTMENTS $ 220,884 ELIMINATION OF MDI (246,012) INCREASE IN CASH SURRENDER VALUE 121,101 CHANGE IN VALUE IN SPLIT INTERESTS (358,510) UNREALIZED GAINS - SWAP 144,358 TOTAL - OTHER CHANGES IN FUND BALANCE $ (118,179) Millco PO Box 150433 Jackson MS 39210 640511687 See Part VII MS 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 true true false false false false false false false false false false false false false false true false Millsaps Development Inc b 75000 Capital Contr. Millsaps Development Inc c 90685 Net Earnings Kaxil Kiuic AC r 75967 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.