2015-05-14T14:52:42-05:00 2014-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2013-07-01 640303084 Millsaps College % ALLISON ROOKER MILL 6019741100 PO Box 150433 Suite Jackson MS 39210 Terri Hudson VP for institutional planning 6019741100 2015-05-15 true Penny Wood CPA P00328157 6019741100 2015-05-15 2013 2016-02-25 16:41:14Z Robert Pearigen PO Box 150433 Jackson MS 39210 54323697 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 39 880 40 174163 2935 6626344 9576038 33982623 31929902 26111216 6280643 3345563 2551600 70065746 50338183 16624071 15397756 0 0 19818655 18960834 10648 28572 1246080 14336203 15504723 50789577 49891885 19276169 446298 162952226 180214081 39691575 42205089 123260651 138008992 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 42416433 15397756 26730406 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 804 students. This is achieved with one teacher for every 8 students and an average class size of 12. 354302 5199496 Auxiliary enterprises including the housing of 80% of the approximately 804 students enrolled. 42770735 true true false false false false false false false true true true false true true false false true true true true true true true false false false false true true true false false false false false false false false false true true false false false true true true true false false true 351 0 880 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 ALLISON ROOKER 6019741100 1701 N STATE STREET JACKSON MS 39210 William Goodman III Trustee 1.0 X Paul Benton Trustee 1.0 X Rev Warren Black Trustee 1.0 X Jim Coggin Trustee 1.0 X Will Flatt Trustee 1.0 X Tom Fowlkes Trustee 1.0 X Cris Glick Trustee 1.0 X Maurice Hall Trustee 1.0 X Monica Sethi Harrigill Trustee 1.0 X Richard Hickson Trustee 1.0 X Randy James Trustee 1.0 X Eason Leake Trustee 1.0 X John Lindsey Trustee 1.0 X Vaughan Mcrae Trustee 1.0 X Mike McRee Trustee 1.0 X Don Mitchell Trustee 1.0 X Cooper Morrison Trustee 1.0 X Bud Robinson Jr Trustee 1.0 X Toddy Sanders Trustee 1.0 X Steven Smith Trustee 1.0 X William Yates III Trustee 1.0 X Murray Underwood Trustee 1.0 X Rev Zachary Beasley Trustee 1.0 X Rev Jerry Bostick Beam Trustee 1.0 X Bill Bynum Trustee 1.0 X Mark Freeman Trustee 1.0 X Rev Lisa Garvin Trustee 1.0 X Judge James E Graves Jr Trustee 1.0 X Rev Heather Hensarling Trustee 1.0 X Peder Johnson Trustee 1.0 X Rev Geoffrey Joyner Trustee 1.0 X Richard Mills Trustee 1.0 X Robert C Robbins Trustee 1.0 X Rev Joey Shelton Trustee 1.0 X Mike Sturdivant Jr Trustee 1.0 X Bishop James E Swanson Sr Trustee 1.0 X Mack Varner Trustee 1.0 X Jean Medley Trustee 1.0 X Charles R Lathem Trustee 1.0 X Donna Ruth Roberts Trustee 1.0 X Louise Burney V.P. - Finance 40.0 X 134280 24460 Brit Katz V.P. - Student Affairs 40.0 X 99491 12342 Keith Dunn Sr. V.P. - Academic Affairs 40.0 X 164052 18692 Robert Pearigen President 40.0 X 340206 0 33816 Terri Hudson V.P. - Planning & Assessment 40.0 X 126047 6250 Robert Alexander V.P. - Enrollment Management 40.0 X 154670 11285 Michael Hutchison V.P. - Institutional Adv. 40.0 X 166013 20406 Jesse Beeler Professor of Accounting 40.0 X 187527 0 14040 Kimberly Burke Professor of Accounting 40.0 X 171095 28516 Robert McElvaine Professor of History 40.0 X 132644 26083 Michael Grubbs Professor of Management 40.0 X 129471 21008 Damon Campbell Assistant Professor of Mgmt 40.0 X 163329 0 24306 1968825 0 241204 14 false true false VALLEY INNOVATIVE SERVICES PO BOX 5454 JACKSON MS 39288 FOOD SERVICES 1994461 A-1 ROOF SAVERS INC PO BOX 878 CLINTON MS 39060 ROOFING SERVICES 795739 HELLAS CONSTRUCTION INC 12710 RESEARCH BLVD AUSTIN TX 78759 CONSTR. & RENOVATION 462054 TERRY-TRANE SERVICE AGENCY INC PO BOX 1557 RIDGELAND MS 391581557 HVAC SERVICES 420974 ROYALL COMPANY 1920 EAST PARHAM RD RICHMOND VA 232282206 ENROLLMENT CONSULT 370522 5 223869 1169873 8182296 1254514 9576038 TUITION AND FEES 611600 26237010 26237010 SALES AND SERVICES AUXILIARY ENTERPRISES 611710 5199496 5199496 INCOME FROM FUNDS HELD IN TRUST BY OTHERS 900099 493396 493396 31929902 1346426 29989 1316437 0 0 61089 61089 0 61089 61089 6926565 4950 1997298 4929267 4950 4934217 4934217 0 0 3401816 1988216 1413600 1413600 CENTRIKIDS CAMP 900099 303659 172344 131315 HAIL DAMAGE SETTLEMENT 900099 565779 565779 WATER DAMAGE CLAIM 900099 103308 103308 104165 132335 -28170 1076911 50338183 33475837 174163 7112145 0 15292163 15292163 105593 105593 0 1317332 439653 580331 297348 0 14578576 11966117 1961906 650553 509821 414958 72603 22260 1532629 1137625 395004 1022476 793836 171691 56949 0 56548 56548 120175 120175 0 28572 28572 0 181009 130764 42245 8000 788728 611292 163986 13450 3722603 2976110 675296 71197 451423 41556 396493 13374 0 2785153 2785153 1347268 1227216 60649 59403 0 392213 73309 318904 1306249 1306249 0 3370240 3370240 617604 617604 TELEPHONE 178209 18324 158820 1065 POSTAGE 146485 45345 78792 22348 EQUIPMENT RENTAL & MAINT. 40816 35232 4023 1561 49891885 42770735 5875070 1246080 1647880 2300473 5182132 2793996 3569182 3728555 947881 957611 0 0 0 0 2093642 2007977 0 0 431239 470634 102394029 70515848 29512640 31878181 59518923 69230071 40559748 45711349 0 0 0 0 19488959 21135234 162952226 180214081 3224324 3180288 0 0 2018384 2061613 28330000 27482000 0 0 0 0 236815 2945147 54560 896304 5827492 5639737 39691575 42205089 X 30490353 36089358 25828164 32432789 66942134 69486845 123260651 138008992 162952226 180214081 X 446298 12044458 2257585 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111469723 1947486 18490170 4012419 4547239 123347721 92815787 463308 26002944 4121055 3691261 111469723 97516055 1452986 -222652 2995451 2935151 92815787 82058260 2165345 18469943 2304709 2872784 97516055 73354213 1129261 12743174 3221296 1947092 82058260 0.27000 0.60000 0.13000 true false 411185 411185 78678560 50362246 28316314 20754684 18377850 2376834 2549600 1775752 773848 31878181 STOCK 45711349 F 45711349 FUNDS HELD IN TRUST 15104749 INVESTMENT IN MILLSAPS DEV INC 3758596 CASH SURRENDER VALUE LIFE INS 2271889 21135234 0 LIABILITY FOR FINANCIAL INSTRU 3608538 LIABILITY FOR ASSET RETIREMENT 269893 ADVANCE UNDER GOVERNMENT LOANS 1761306 5639737 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. true Central America and the Caribbean Program Services Study Abroad Program 26652 East Asia and the Pacific Program Services Study Abroad Program 18024 Europe (Including Iceland and Greenland) Program Services Study Abroad Program 100259 North America Program Services Study Abroad Program 89340 North America Program Services Academic Facilities 19883 North America Program Services Research 82654 North America Program Services Grants 105593 Central America and the Caribbean Investments 21430000 21872405 21872405 North America 88488 Wire 1 Scholarships North America 3 17105 Wire false 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 06/30/2014 was $21,430,000. Part IV, Line 3: THE FILING REQUIREMENTS OF FORM 5471 WERE NOT MET BY MILLSAPS DURING THE FISCAL YEAR ENDED 6/30/2014 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. X X true Alexander Haas Inc 3520 Piedmont Road NE Suite 300 Atlanta GA 303051512 Campaign Feas. Study false 28572 -28572 28572 -28572 MS PART 1, LINE 2b, Column ii The fundraising activities conducted during the fiscal year were related to planning and consulting. There were no gross receipts during the current fiscal year but will be reported instead in subsequent years. true Sponsored Scholarships 101 604129 Endowed Scholarships 261 3424765 Other Scholarships 780 10701618 SEOG 99 193943 MS Tuition Assistance Grant 191 135000 MS Eminent Scholars 46 113750 Critical Need Teachers Scholarship 2 30530 HELP State Grant 12 69828 William Winter Teacher Scholarship 1 4000 Teacher Education Scholars 1 15000 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. X X X true true X X X X X false false false false false false false false false Louise Burney V.P. - Finance 133031 1249 7013 17447 158740 Jesse Beeler Professor of Accounting 185901 0 1000 0 626 0 6438 0 7602 0 201567 0 Kimberly Burke Professor of Accounting 169736 1000 359 9000 19516 199611 Keith Dunn Sr. V.P. - Academic Affairs 158560 5492 18692 182744 Robert Pearigen President 290436 0 0 0 49770 0 15000 0 18816 0 374022 0 Robert McElvaine Professor of History 130385 1000 1259 6567 19516 158727 Robert Alexander V.P. - Enrollment Management 144511 0 10159 11285 165955 Michael Hutchison V.P. - Institutional Adv. 156346 0 9667 20406 186419 Michael Grubbs Professor of Management 128186 1000 285 4300 16708 150479 Damon Campbell Assistant Professor of Mgmt 162256 0 1000 0 73 0 5900 0 18406 0 187635 0 Part I, Line 1A DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN HOUSING ALLOWANCE: ROBERT PEARIGEN SOCIAL CLUB DUES: 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 3770000 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: 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. WGYATES SONS CONSTRUCTION SEE PART V 2626368 SEE PART V BELOW false PART IV, LINE 1, COLUMNS (B) & (D) BOARD MEMBER, WILLIAM YATES, IS AN OFFICER OF W.G. YATES & SONS CONSTRUCTION. W.G. YATES AND SONS CONSTRUCTION WAS HIRED TO RENOVATE THE SANDERS-WHITWORTH ADMINISTRATION BUILDING, THE BASEBALL STADIUM, AND THE KAPPA SIGMA FRATERNITY HOUSE IN THE CURRENT YEAR. MR. YATES ABSTAINED FROM VOTING OR TAKING PART OF ANY DECISIONS RELATED TO THESE PROJECTS. X 41 1254514 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 5: OTHER CHANGES IN FUND BALANCE: ELIMINATION OF MDI $ 624,870 INCREASE IN CASH SURRENDER VALUE 280,232 CHANGE IN VALUE IN SPLIT INTERESTS 1,166,039 UNREALIZED GAINS - SWAP 168,444 TOTAL - OTHER CHANGES IN FUND BALANCE $ 2,257,585 Millco PO Box 150433 Jackson MS 39210 640511687 See Part VII MS 0 Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 See Part VII MS 501(c)(2) true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 See Part VII MS 501(c)(2) true Kaxil Kiuic AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX See Part VII MX true Micas-Kiuic Venture AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX See Part VII MX true false true true false false false false false false false false false false false false false false false Millsaps Development Inc b 75000 Capital Contr. Millsaps Development Inc c 223869 Net Earnings Kaxil Kiuic AC r 88488 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.