MILLIGAN UNIVERSITY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- MILLIGAN UNIVERSITY (EIN 62-0535755)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2015-10-05
- IRS object ID
- 201542789349300519
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-10-05T10:43:41-05:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 620647474 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKBURN CHILDERS & STEAGALL PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801B SUNSET DRIVE | AddressLine1Txt |
| City | JOHNSON CITY | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620535755 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLIGAN COLLEGE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MILL | BusinessNameControlTxt |
| Phone | 4234618686 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 750 | AddressLine1Txt |
| City | MILLIGAN COLLEGE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37682 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACQUELINE R STEADMAN | PersonNm |
| Person Title | VP FOR BUSINESS AND FINANCE | PersonTitleTxt |
| Phone | 4234618686 | PhoneNum |
| Signature | 2015-10-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHAD KISNER | PreparerPersonNm |
| PTIN | P00738241 | PTIN |
| Phone | 4232824511 | PhoneNum |
| Preparation | 2015-10-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JACQUELINE R STEADMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BLOWERS BOULEVARD | AddressLine1Txt |
| City | MILLIGAN COLLEGE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37682 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $37,319,374 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MILLIGAN.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1882 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION IS A CHRISTIAN LIBERAL ARTS COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 852 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $197,201 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $34,092 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,933,392 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,600,930 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,653,445 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,304,394 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,009,619 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,414,050 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $41,596,456 | PYTotalRevenueAmt |
| CY Total Revenue | $37,319,374 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,042,169 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $11,249,432 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,101,809 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,644,595 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,412,669 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,356,508 | PYOtherExpensesAmt |
| CY Other Expenses | $10,407,871 | CYOtherExpensesAmt |
| PY Total Expenses | $33,500,486 | PYTotalExpensesAmt |
| CY Total Expenses | $34,301,898 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,095,970 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,017,476 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $80,560,749 | TotalAssetsBOYAmt |
| Total Assets EOY | $83,043,269 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,549,949 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $14,001,618 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $66,010,800 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,041,651 | NetAssetsOrFundBalancesEOYAmt |
| Mission | AS A CHRISTIAN LIBERAL ARTS COLLEGE, MILLIGAN COLLEGE SEEKS TO HONOR GOD BY EDUCATING MEN AND WOMEN TO BE SERVANT-LEADERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $26,887,483 | ExpenseAmt |
| Grant | $11,249,432 | GrantAmt |
| Revenue | $30,886,811 | RevenueAmt |
| Desc | OPERATION OF CHRISTIAN LIBERAL ARTS COLLEGE | Desc |
| Total Program Service Expenses | $26,887,483 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1869 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 852 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACQUELINE R STEADMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4234618686 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BLOWERS BOULEVARD | AddressLine1Txt |
| City | MILLIGAN COLLEGE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37682 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| W SCOTT KENT | ||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DENNY MAYES | ||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GARY PORTER | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WILLIAM R CLEM | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHARLES ALLCOTT III | ||||||
| MEMBER AT LARGE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS BANKS | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS J BURLESON | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID CLARK | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TAMMY W ELDRIDGE | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HARRY E FONTAINE JR | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES FRASURE MD | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA GREEN | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES EARL GREEN | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| W B GREENE JR | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID O HAMLIN | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARSHALL W HAYDEN | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| C DANNY JOHNSON | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GREG JOHNSON | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LEROY LAWSON | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DANIEL W MCMAHAN-THRU 123114 | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN MEDING MD | ||||||
| MEMBER AT LARGE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD W PHILLIPS OD | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES R RICE MD | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| J DONALD SAMS | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RONALD F SEWELL | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK H WEBB DDS | ||||||
| MEMBER AT LARGE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN J WIGGINS | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CALVIN L WILSON JR | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RONALD G DOVE JR | ||||||
| TRUSTEE ROTATION | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PAT GREEN | ||||||
| TRUSTEE ROTATION | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID HAMILTON | ||||||
| TRUSTEE ROTATION | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN K BANKS | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DENNIS A BRATTON | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| W EDWARD FINE | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DONALD B MARSHALL | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CAMERON PERRY | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JO ANN RICHARDSON | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| N JEANNE STARKEY | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARVIN SWINEY | ||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM B GREER | ||||||
| PRESIDENT | 40.00 | Yes (X) | $188,952 | $0 | $22,806 | |
| R GARLAND YOUNG | ||||||
| VP FOR ACADEMIC AFFAIRS | 40.00 | Yes (X) | $84,010 | $0 | $14,654 | |
| MARK P FOX | ||||||
| VP FOR STUDENT DEVELOPMNT | 40.00 | Yes (X) | $90,614 | $0 | $7,298 | |
| JACQUELINE R STEADMAN | ||||||
| VP FOR BUSINESS AND FINANC | 40.00 | Yes (X) | $100,760 | $0 | $7,737 | |
| A LEE FIERBAUGH | ||||||
| VP OF MARKETING, ENROLLMEN | 40.00 | Yes (X) | $93,108 | $0 | $10,166 | |
| JACK SIMPSON | ||||||
| VP FOR INSTITUTIONAL ADVAN | 40.00 | Yes (X) | $86,127 | $0 | $16,533 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $643,571 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $79,194 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PIONEER CATERERS INC | |||||
| 303 GLENROSE AVENUE | NASHVILLE | TN | 37210 | CAFETERIA SERVICES | $1,270,629 |
| COUNCIL FOR CHRISTIAN COLLEGES | |||||
| 321 8TH STREET NE | WASHINGTON | DC | 20002 | STUDY ABROAD PROGRAM | $126,050 |
| APPALACHIAN COLLEGE ASSOCIATION | |||||
| 210 CENTER STREET | BEREA | KY | 40403 | LIBRARY SERVICES | $119,933 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $4,600,930 | AllOtherContributionsAmt |
| Noncash Contributions | $48,379 | NoncashContributionsAmt |
| Total Contributions | $4,600,930 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| TUITION AND FEES | 611710 | $26,225,693 | $26,225,693 | ||
| AUXILIARY ENTERPRISES | 611710 | $4,140,114 | $4,140,114 | ||
| OTHER INCOME | 611710 | $417,583 | $197,201 | $220,382 | |
| SUMMER CAMPS | 611710 | $318,288 | $318,288 | ||
| STUDENT AID | 611710 | $118,297 | $118,297 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,419 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $84,419 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,304,394 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,414,050 | TotalRevenueColumnAmt |
| Exclusion | $1,414,050 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,319,374 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $30,886,811 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $197,201 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,634,432 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,216 | TotalAmt |
| Program Services | $7,216 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,212,854 | TotalAmt |
| Program Services | $11,212,854 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,362 | TotalAmt |
| Program Services | $29,362 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $751,456 | TotalAmt |
| Program Services | $50,797 | ProgramServicesAmt |
| Management And General | $528,084 | ManagementAndGeneralAmt |
| Fundraising | $172,575 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,709,946 | TotalAmt |
| Program Services | $7,482,692 | ProgramServicesAmt |
| Management And General | $1,899,713 | ManagementAndGeneralAmt |
| Fundraising | $327,541 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,099 | TotalAmt |
| Program Services | $349,246 | ProgramServicesAmt |
| Management And General | $60,520 | ManagementAndGeneralAmt |
| Fundraising | $20,333 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,054,392 | TotalAmt |
| Program Services | $799,444 | ProgramServicesAmt |
| Management And General | $208,009 | ManagementAndGeneralAmt |
| Fundraising | $46,939 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,702 | TotalAmt |
| Program Services | $474,717 | ProgramServicesAmt |
| Management And General | $185,726 | ManagementAndGeneralAmt |
| Fundraising | $38,259 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $627 | TotalAmt |
| Management And General | $627 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,850 | TotalAmt |
| Management And General | $73,850 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,436,452 | TotalAmt |
| Program Services | $1,295,610 | ProgramServicesAmt |
| Management And General | $109,493 | ManagementAndGeneralAmt |
| Fundraising | $31,349 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,784 | TotalAmt |
| Program Services | $23,101 | ProgramServicesAmt |
| Management And General | $168,683 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $887,549 | TotalAmt |
| Program Services | $379,368 | ProgramServicesAmt |
| Management And General | $408,761 | ManagementAndGeneralAmt |
| Fundraising | $99,420 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,520 | TotalAmt |
| Program Services | $125,630 | ProgramServicesAmt |
| Management And General | $376,890 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,105,851 | TotalAmt |
| Program Services | $663,511 | ProgramServicesAmt |
| Management And General | $331,755 | ManagementAndGeneralAmt |
| Fundraising | $110,585 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $622,416 | TotalAmt |
| Program Services | $535,320 | ProgramServicesAmt |
| Management And General | $33,253 | ManagementAndGeneralAmt |
| Fundraising | $53,843 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,995 | TotalAmt |
| Program Services | $4,456 | ProgramServicesAmt |
| Management And General | $4,539 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,519 | TotalAmt |
| Program Services | $351,519 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,856,492 | TotalAmt |
| Program Services | $1,113,895 | ProgramServicesAmt |
| Management And General | $556,948 | ManagementAndGeneralAmt |
| Fundraising | $185,649 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $372,519 | TotalAmt |
| Program Services | $223,511 | ProgramServicesAmt |
| Management And General | $111,756 | ManagementAndGeneralAmt |
| Fundraising | $37,252 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OTHER EXPENSES | $2,869,538 | $1,720,844 | $861,520 | $287,174 |
| DUES AND SUBSCRIPTIONS | $127,759 | $44,390 | $81,619 | $1,750 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,301,898 | TotalAmt |
| Program Services | $26,887,483 | ProgramServicesAmt |
| Management And General | $6,001,746 | ManagementAndGeneralAmt |
| Fundraising | $1,412,669 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,966,629 | BOYAmt |
| EOY | $5,540,843 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,733,703 | BOYAmt |
| EOY | $4,629,503 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,451,431 | BOYAmt |
| EOY | $3,553,438 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,067,840 | BOYAmt |
| EOY | $699,085 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $934,666 | BOYAmt |
| EOY | $1,110,845 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $231,425 | BOYAmt |
| EOY | $249,331 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,825 | BOYAmt |
| EOY | $85,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $59,752,220 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $23,850,324 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,532,524 | BOYAmt |
| EOY | $35,901,896 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,400,131 | BOYAmt |
| EOY | $31,130,358 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,575 | BOYAmt |
| EOY | $142,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,560,749 | BOYAmt |
| EOY | $83,043,269 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,123,156 | BOYAmt |
| EOY | $1,172,385 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $740,484 | BOYAmt |
| EOY | $716,863 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,235,080 | BOYAmt |
| EOY | $10,692,584 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,451,229 | BOYAmt |
| EOY | $1,419,786 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,549,949 | BOYAmt |
| EOY | $14,001,618 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,624,261 | BOYAmt |
| EOY | $29,376,310 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,461,361 | BOYAmt |
| EOY | $18,695,842 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,925,178 | BOYAmt |
| EOY | $20,969,499 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,010,800 | BOYAmt |
| EOY | $69,041,651 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,560,749 | BOYAmt |
| EOY | $83,043,269 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,017,476 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $35,554 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$22,179 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,920,712 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,571,980 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,710,995 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,933,392 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,600,930 | CurrentTaxYearAmt |
| Total | $29,738,009 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,920,712 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,571,980 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,710,995 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,933,392 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,600,930 | CurrentTaxYearAmt |
| Total | $29,738,009 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,713,759 | SubstantialContributorsTotAmt |
| Public Support Total170 | $16,024,250 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $429,404 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $619,812 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $866,631 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,009,619 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,414,050 | CurrentTaxYearAmt |
| Total | $4,339,516 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $80,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $142,474 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $197,201 | CurrentTaxYearAmt |
| Total | $419,675 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,497,200 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $147,210,979 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.46450 | PublicSupportCY170Pct |
| Public Support PY170 | 0.47330 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART I, LINES 2 AND 7 | FormAndLineReferenceDesc |
| Explanation | MILLIGAN COLLEGE RECEIVED AN IRS DETERMINATION LETTER APRIL 3, 1947 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINTED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVNEUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE COLLEGE TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANIZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $27,710,988 | BeginningYearBalanceAmt |
| Contributions | $1,018,989 | ContributionsAmt |
| Investment Earnings Or Losses | $1,415,345 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$849,264 | GrantsOrScholarshipsAmt |
| End Year Balance | $29,296,058 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,581,881 | BeginningYearBalanceAmt |
| Contributions | $975,959 | ContributionsAmt |
| Investment Earnings Or Losses | $2,979,229 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$826,081 | GrantsOrScholarshipsAmt |
| End Year Balance | $27,710,988 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,575,559 | BeginningYearBalanceAmt |
| Contributions | $1,155,781 | ContributionsAmt |
| Investment Earnings Or Losses | $3,475,667 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$625,126 | GrantsOrScholarshipsAmt |
| End Year Balance | $24,581,881 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,587,356 | BeginningYearBalanceAmt |
| Contributions | $721,994 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,463,516 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$270,275 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,575,559 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,862,911 | BeginningYearBalanceAmt |
| Contributions | $2,316,476 | ContributionsAmt |
| Investment Earnings Or Losses | $3,634,060 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$226,091 | GrantsOrScholarshipsAmt |
| End Year Balance | $21,587,356 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00450 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.71320 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.28230 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,886,669 | OtherCostOrOtherBasisAmt |
| Book Value | $1,886,669 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,508,664 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,705,003 | DepreciationAmt |
| Book Value | $31,803,661 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,693,728 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,695,117 | DepreciationAmt |
| Book Value | $1,998,611 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,663,159 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,450,204 | DepreciationAmt |
| Book Value | $212,955 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $35,901,896 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MUTUAL FUNDS | $28,952,576 | F |
| EXCHANGE-TRADED AND CLOSED-END FUNDS | $745,844 | F |
| UNIT INVESTMENT TRUSTS | $30,752 | F |
| CASH AND CASH EQUIVALENTS HELD FOR LONG-TERM INVESTMENT | $1,401,186 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $31,130,358 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER ACCRUED LIABILITIES AND PAYABLES | $221,911 |
| ADVANCES FROM FEDERAL GOVT FOR STUDENT LOANS | $888,318 |
| ANNUITY PAYMENT LIABILITIES | $309,557 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,419,786 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $26,090,533 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $35,554 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$22,179 | OtherRevenueAmt |
| Revenue Not Reported | $13,375 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,077,158 | RevenueSubtotalAmt |
| Other Revenues Not Included | $11,242,216 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $11,242,216 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $37,319,374 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $23,059,682 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $23,059,682 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $11,242,216 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,242,216 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $34,301,898 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS FOR GENERAL USE; SCHOLARSHIPS; TECHNOLOGY, CHAIRS AND OTHER. |
| PART X, LINE 2: | NOTE 1(L) - UNCERTAIN TAX POSITIONS THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF MAY 31, 2015 AND 2014, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED MAY 31, 2015 AND 2014. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | NET ADJUSTMENT OF ANNUITY PAYMENT LIABILITY -22,179. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 11,242,216. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 11,242,216. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH RADIO ADVERTISEMENTS, PRINT PUBLICATIONS SUCH AS THE COLLEGE CATALOG, AND FINANCIAL AID AND RELATED MATERIALS, AND ADS FOR EMPLOYMENT. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FOR STUDENT FINANCIAL AID PROGRAMS SUCH AS THE FEDERAL PELL GRANT PROGRAM, AND MANY OTHERS FROM THE UNITED STATES DEPARTMENT OF EDUCATION. THE COLLEGE ALSO RECEIVES STUDENT FINANCIAL ASSISTANCE FROM THE STATE OF TENNESSEE IN THE FORM OF VARIOUS GRANTS AND LOTTERY SCHOLARSHIPS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $0 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $0 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|---|
| CASH SCHOLARSHIPS FOR U.S. STUDENTS STUDYING ABROAD | CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 1 | $6,000 | SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT | $0 | N/A | N/A |
| CASH SCHOLARSHIPS FOR U.S. STUDENTS STUDYING ABROAD | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU | 3 | $23,362 | SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT | $0 | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS TO U.S. STUDENTS STUDYING ABROAD ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. THE COLLEGE'S PROCEDURES FOR MONITORING GRANT FUNDS FOR U. S. STUDENTS STUDYING ABROAD ARE AS FOLLOWS: THE COLLEGE HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE-PRESIDENTS, OVER ALL FOREIGN SCHOLARSHIPS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATIONS, MONITORING OF EXPENDITURES AND REPORTING. DOCUMENTATION IS MADE OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE COLLEGE'S INDEPENDENT AUDITORS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | CASH SCHOLARSHIPS FOR STUDENTS ATTENDING THE MILLIGAN COLLEGE CAMPUS IN CARTER COUNTY, TENNESSEE, U.S. | GrantTypeTxt |
| Recipient | 808 | RecipientCnt |
| Cash Grant | $11,212,854 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS ANY EXCESS SCHOLARSHIP FUNDS OVER THEIR CHARGES, THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE COLLEGE'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE COLLEGE HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE PRESIDENTS, OVER ALL FEDERAL GRANT PROGRAMS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATION, MONITORING OF EXPENDITURES AND REPORTING, WITH THE EXCEPTION OF DRAW-DOWNS OF FEDERAL FUNDS. DRAW-DOWNS ARE PERFORMED BY THE COLLEGE'S CONTROLLER AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE CONTROLLER. THE CONTROLLER REVIEWS THE REQUESTS FOR DRAW-DOWNS, WHICH INCLUDE DOCUMENTATION OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES, BEFORE MAKING THE DRAW-DOWNS. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE COLLEGE'S INDEPENDENT AUDITORS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM B GREER | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $188,952 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $13,227 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $9,579 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $211,758 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FOR THE YEAR ENDED 05/31/15, THE COLLEGE PAID FOR SOME MEALS AND AIRFARE FOR THE PRESIDENT'S WIFE WHEN SHE TRAVELED WITH HIM ON COLLEGE BUSINESS. A HOME WAS DONATED TO THE COLLEGE IN DECEMBER, 2013 TO BE USED AS THE PRESIDENT'S HOME. THE PRESIDENT AND HIS WIFE MOVED INTO THE HOME IN JANUARY, 2014. LANDSCAPING SERVICES ARE PROVIDED BY THE COLLEGE AT THE HOME. ONE TIME PER MONTH, THE COLLEGE PROVIDES HOUSEKEEPING SERVICES FOR THE HOME. |
| PART I, LINE 1B | APPROVAL FOR COMPANION TRAVEL EXPENSES WAS GIVEN BY THE BOARD OF TRUSTEES. MINUTES ARE AVAILABLE. APPROVAL FOR THE PRESIDENT TO LIVE IN THE HOME WAS GIVEN BY THE BOARD OF TRUSTEES. MINUTES ARE AVAILABLE. |
| PART I, LINE 3 | COMPENSATION SURVEYS FOR COLLEGE PRESIDENTS ARE OBTAINED FROM THIRD PARTY SOURCES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPENSATION SURVEYS INFORMATION AND PRESENTS SALARY RECOMMENDATIONS TO THE ENTIRE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES CONSIDERS THE DATA FROM THE COMPARATIVE COMPENSATION SURVEYS AS WELL AS RESULTS OF PERFORMANCE EVALUATIONS IN MAKING THEIR RECOMMENDATIONS FOR SALARY INCREASES. |
| PART I, LINE 4B | THE COLLEGE ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN 2011. THE FIRST CONTRIBUTION WAS MADE IN MARCH, 2012 ON BEHALF OF WILLIAM B. GREER, PRESIDENT. THE CONTRIBUTION MADE FOR THE YEAR ENDED MAY 31, 2015 WAS $0. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| THE HEALTH & EDUCATIONAL FACILITIES BD OF THE CITY OF ELIZABETHTON TN | |||||||
| A | 626000283 | 2005-12-05 | $5,500,000 | CONSTRUCTION AND EQUIPPING OF EDUCATIONAL FACILITIES | 0 | 0 | 0 |
| THE INDUSTRIAL DEVELOPMENT BOARD OF CARTER COUNTY TN | |||||||
| B | 461322210 | 2012-12-07 | $7,500,000 | ACQUISITION, CONSTRUCTION AND EQUIPPING OF STUDENT RESIDENCE FACILITIES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|
| A | $1,542,710 | $5,500,000 | $38,851 | $5,461,149 | 2007 | 0 | 0 | Yes (1) | Yes (1) |
| B | $764,706 | $7,500,000 | $47,840 | $7,452,160 | 2013 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| DR WILLIAM B GREER | |||
| PRESIDENT OF MILLIGAN COLLEGE | $28,730 | GRANT FOR A CHILD OF DR. WILLIAM B. GREER | TUITION |
| JACQUELINE R STEADMAN | |||
| VICE PRESIDENT FOR BUSINESS AND FINANCE OF MILLIGAN COLLEGE | $28,730 | GRANT FOR A CHILD OF JACQUELINE R. STEADMAN | TUITION |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (8 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| DR WILLIAM B GREER | |||
| PRESIDENT OF MILLIGAN COLLEGE | $17,523,194 | IN MAY 2014, DR. WILLIAM B. GREER, THE PRESIDENT OF MILLIGAN COLLEGE, WAS APPOINTED TO THE BOARD OF DIRECTORS OF CARTER COUNTY BANK, WHICH HOLDS A LINE OF CREDIT AND TWO TAX-EXEMPT BONDS OF THE COLLEGE, AND MOST OF THE CHECKING ACCOUNTS OF THE COLLEGE. | 0 |
| CARTER COUNTY BANK | |||
| CARTER COUNTY BANK, OWNED BY DR. WILLIAM B. GREENE, JR., TRUSTEE OF COLLEGE | $7,492,201 | MILLIGAN COLLEGE HAS MOST OF ITS CHECKING ACCOUNTS WITH CARTER COUNTY BANK, WHOSE BALANCES AT MAY 31, 2015 TOTALED APPROXIMATELY $6,492,201.MILLIGAN COLLEGE HAS A $1,000,000 LINE OF CREDIT WITH CARTER COUNTY BANK, OF WHICH THERE HAVE BEEN NO DRAWS AS OF MAY 31, 2015. THE LINE OF CREDIT MATURES NOVEMBER 26, 2015. | 0 |
| CARTER COUNTY BANK | |||
| CARTER COUNTY BANK, OWNED BY DR. WILLIAM B. GREENE, JR., TRUSTEE OF COLLEGE | $880,904 | ON DECEMBER 5, 2005, MILLIGAN COLLEGE OBTAINED A $5,500,000 TAX-EXEMPT BOND FROM CARTER COUNTY BANK FOR THE CONSTRUCTION OF THE ELIZABETH LEITNER GREGORY CENTER FOR THE LIBERAL ARTS. FOR THE YEAR ENDED MAY 31, 2015, THE BALANCE PAYABLE ON THE BOND WAS $3,957,291. FOR THE YEAR ENDED MAY 31, 2015, THE COLLEGE PAID A TOTAL OF $410,844 TO THE BANK - PRINCIPAL OF $233,844 AND INTEREST EXPENSE OF $177,000. ON DECEMBER 7, 2012, MILLIGAN COLLEGE OBTAINED A $7,500,000 TAX-EXEMPT BOND FROM CARTER COUNTY BANK FOR THE CONSTRUCTION OF THE VILLAGE STUDENT RESIDENT HALLS. FOR THE YEAR ENDED MAY 31, 2015, THE BALANCE PAYABLE ON THE BOND WAS $6,735,293. FOR THE YEAR ENDED MAY 31, 2015, THE COLLEGE PAID A TOTAL OF $470,060 TO THE BANK - PRINCIPAL OF $308,651 AND INTEREST EXPENSE OF $161,409. | 0 |
| MR THOMAS J BURLESON | |||
| MEMBER OF THE BOARD OF TRUSTEES | $145,500 | MR. THOMAS J. BURLESON, OWNER OF BURLESON CONSTRUCTION COMPANY,INC., IS A MEMBER OF THE BOARD OF TRUSTEES. BURLESON CONSTRUCTION COMPANY, INC. SERVED AS THE GENERAL CONTRACTOR FOR THE RENOVATION OF A RESIDENCE HALL FLOOR AND THE REPLACEMENT OF SIDEWALKS AND STEPS DURING THE SUMMER OF 2014. BURLESON CONSTRUCITON COMPANY, INC. WAS PAID $145,500 FOR THE YEAR ENDED MAY 31, 2015. | 0 |
| DR MARSHALL W HAYDEN | |||
| MEMBER OF THE BOARD OF TRUSTEES | $53,730 | DR. MARSHALL W. HAYDEN IS A MEMBER OF THE BOARD OF TRUSTEES. HIS SISTER IS EMPLOYED BY THE COLLEGE. HER GROSS SALARY FOR THE 2014 CALENDAR YEAR WAS $53,730. | 0 |
| MR RONALD G DOVE JR | |||
| MEMBER OF THE BOARD OF TRUSTEES | $39,633 | MR. RONALD G. DOVE, JR. IS MEMBER OF THE BOARD OF TRUSTEES. HIS SISTER IS EMPLOYED BY THE COLLEGE. HER GROSS SALARY FOR THE 2014 CALENDAR YEAR WAS $39,633. | 0 |
| MR DANIEL W MCMAHAN | |||
| MEMBER OF THE BOARD OF TRUSTEES | $300,000 | MR. DANIEL W. MCMAHAN WAS A MEMBER OF THE BOARD OF TRUSTEES FROM JUNE 1, 2014 TO DECEMBER 31, 2014. HE IS A SENIOR VICE-PRESIDENT OF BB&T (FORMERLY OLD COLONY INSURANCE) LOCATED IN LOUISVILLE, KENTUCKY. FOR THE YEAR ENDED MAY 31, 2015, THE COLLEGE PAID A TOTAL OF $300,000 FOR INSURANCE SERVICES (GENERAL LIABILITY COVERAGE). $300,000 WAS PAID TO HARTFORD INSURANCE. BB&T REPRESENTS MILLIGAN COLLEGE WITH HARTFORD INSURANCE. | 0 |
| MR THOMAS BANKS | |||
| MEMBER OF THE BOARD OF TRUSTEES | $13,650 | MR. THOMAS BANKS, THE COLLEGE'S ATTORNEY, IS A MEMBER OF THE BOARD OF TRUSTEES. MR. BANKS IS NOT PAID CASH FOR HIS SERVICES AS THE COLLEGE'S ATTORNEY. HOWEVER, FOR THE YEAR ENDED MAY 31, 2015, THE COLLEGE DID GIVE TUITION SCHOLARSHIPS TO JOHN BANKS' GRANDSON. JOHN BANKS IS THE BROTHER OF THOMAS BANKS. THE VALUE OF THIS TUITION WAS $13,650. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $48,379 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | CLOSING STOCK PRICES | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BRENDA GREEN, A MEMBER OF THE BOARD OF TRUSTEES, IS A SISTER-IN-LAW OF JAMES EARL GREEN, A MEMBER OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES SUBMITS A SIGNED CONFLICT OF INTEREST AGREEMENT. AT THIS TIME, ANY KNOWN CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO THE GOVERNING BODY. SHOULD THE POTENTIAL OF A CONFLICT OF INTEREST ARISE, THE SUBJECT WILL BE DISCLOSED AND THE GOVERNING BOARD MEMBER WILL EXCUSE THEMSELVES FROM VOTING ON THE MATTER IN QUESTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | PRESIDENT: THE BOARD OF TRUSTEES APPROVED THE SALARY OF THE PRESIDENT OF THE COLLEGE AND DID COMPARE THAT INFORMATION WITH PEER INSTITUTIONS AT THE TIME THE SALARY WAS DETERMINED OR HIRE DATE. THE BOARD OF TRUSTEES ALSO PASSED A RESOLUTION THAT THE PRESIDENT WOULD RECEIVE THE SAME PERCENTAGE INCREASE AS OTHER STAFF OF THE COLLEGE ON AN ANNUAL BASIS. THE SALARY OF THE PRESIDENT IS APPROVED AS PART OF THE BUDGETING PROCESS BY THE BOARD OF TRUSTEES ANNUALLY. OTHER OFFICERS OR KEY EMPLOYEES: SALARY INCREASES FOR OFFICERS ARE THE SAME PERCENTAGE GIVEN TO OTHER STAFF OF THE ORGANIZATION. THE PRESIDENT OF THE COLLEGE REVIEWS SALARIES OF OTHER OFFICERS AND COMPARES THEM WITH DATA FROM PEER INSTITUTIONS. THE PRESIDENT MAY RECOMMEND INCREASES OVER AND ABOVE THE PERCENTAGE INCREASES BASED ON MERIT OR TO MOVE SALARIES INTO MEDIAN RANGE OF PEER INSTITUTIONS. THE PRESIDENT PRESENTS THESE RECOMMENDATIONS TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE SALARIES OF ALL OFFICERS ARE APPROVED AS PART OF THE BUDGETING PROCESS BY THE BOARD OF TRUSTEES ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | 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: | NET ADJUSTMENT OF ANNUITY PAYMENT LIABILITY -22,179. |
| FORM 990, PART XII, LINE 2C | THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FIANNCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. |
| FORM 990, LINE C, PAGE 1 | EFFECTIVE JULY 1, 2015, PURSUANT TO THE LAWS OF THE STATE OF TENNESSEE, EMMANUEL CHRISTIAN SEMINARY MERGED WITH AND WAS ABSORBED BY MILLIGAN COLLEGE. |
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