2014-05-13T16:46:55-05:00 2013-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2012-07-01 640303084 Millsaps College % LOUISE BURNEY MILL 6019741100 PO Box 150433 Suite Jackson MS 39210 LOUISE BURNEY 6019741100 2014-05-15 true Penny Wood CPA 6019486700 2014-05-15 2012 2015-11-30 17:44:51Z LOUISE BURNEY PO Box 150433 Jackson MS 39210 78396698 false X www.millsaps.edu X 1890 MS Millsaps College is a private nonprofit liberal arts college based in Jackson, Mississippi. The college provides education and training services for students at the undergraduate and graduate levels. 38 38 908 38 311906 20238 6686717 6626344 34467519 33982623 4582081 26111216 2551434 3345563 48287751 70065746 16570043 16624071 0 0 19846875 19818655 11917 10648 1124244 15211590 14336203 51640425 50789577 -3352674 19276169 146523352 162952226 43067198 39691575 103456154 123260651 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 43643664 16624071 28637675 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 915 students. This is achieved with one teacher for every 9 students and an average class size of 15. 426610 5344948 Auxiliary enterprises including the housing of 78% of the approximately 915 students enrolled. 44070274 true true false false false false false false true true true false true true false false true true true true true true false false false false false true true true false false false false false false false false false false true false false false true true true true false false true 258 0 true 908 true true true false false false false true true false false false false X 38 38 false false false false false false false true true false false true true true true true true true true true true MS X LOUISE BURNEY 6019741100 1701 N STATE STREET JACKSON MS 39210 William Goodman III 1.0 X Paul Benton 1.0 X Rev Warren Black 1.0 X Jim Coggin 1.0 X Will Flatt 1.0 X Tom Fowlkes 1.0 X Cris Glick 1.0 X Maurice Hall 1.0 X Monica Sethi Harrigill 1.0 X Richard Hickson 1.0 X Randy James 1.0 X Eason Leake 1.0 X John Lindsey 1.0 X Vaughan Mcrae 1.0 X Mike McRee 1.0 X Don Mitchell 1.0 X Cooper Morrison 1.0 X Bud Robinson Jr 1.0 X Toddy Sanders 1.0 X Steven Smith 1.0 X William Yates III 1.0 X Murray Underwood 1.0 X Rev Zachary Beasley 1.0 X Rev Jerry Bostick Beam 1.0 X Bill Bynum 1.0 X Mark Freeman 1.0 X Rev Liza Garvin 1.0 X Judge James E Graves Jr 1.0 X Rev Heather Hensarling 1.0 X Peder Johnson 1.0 X Rev Geoffrey Joyner 1.0 X Richard Mills 1.0 X Paul Ogden 1.0 X Robert C Robbins 1.0 X Rev Joey Shelton 1.0 X Mike Sturdivant Jr 1.0 X Bishop James E Swanson Sr 1.0 X Mack Varner 1.0 X Louise Burney 40.0 X 133771 24409 Brit Katz 40.0 X 98986 12294 Keith Dunn 40.0 X 167648 18432 Robert Pearigen 40.0 X 343681 0 27972 Terri Hudson 40.0 X 125411 6250 Robert Alexander 40.0 X Michael Hutchison 40.0 X 41860 4709 Jesse Beeler 40.0 X 182545 0 13992 Kimberly Burke 40.0 X 174086 29111 Robert McElvaine 40.0 X 133119 0 25839 Donald Schwartz 40.0 X 129740 11821 Michael Grubbs 40.0 X 120771 19888 Frances Lucas 0.0 X 168642 0 7463 1820260 0 202180 17 true true false VALLEY INNOVATIVE SERVICES PO BOX 5454 JACKSON MS 39288 FOOD SERVICES 2003855 DATATEL INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 COMPUTER SERVICES 229274 TERRY-TRANE SERVICE AGENCY INC PO BOX 1557 RIDGELAND MS 391581557 HVAC SERVICES 114871 KPMG LLP DEPT 0561 DALLAS TX 753120561 ACCOUNTING SERVICES 112500 HEDERMAN BROTHERS PO BOX 6100 RIDGELAND MS 39158 PRINTING SERVICES 108181 5 226178 1229038 5171128 432021 6626344 TUITION AND FEES 611600 28155130 28155130 SALES AND SERVICES AUXILIARY ENTERPRISES 611710 5344948 5344948 INCOME FROM FUNDS HELD IN TRUST BY OTHERS 900099 482545 482545 33982623 3343733 33817 3309916 0 0 111905 111905 0 111905 111905 29208919 350 6441786 22767133 350 22767483 22767483 0 0 3589436 1889166 1700270 1700270 CENTRIKIDS CAMP 900099 524665 294331 230334 HAIL DAMAGE SETTLEMENT 900099 786271 786271 CHG IN DIRECT FINANCING LEASES 900099 117720 117720 104732 115974 -16242 5000 1533388 70065746 35798867 311906 27328629 0 16557064 16557064 67007 67007 0 1115811 282897 579806 253108 0 15473505 12987310 1879073 607122 570048 463195 86315 20538 1614705 1237146 377559 1044586 834912 154181 55493 0 75271 75271 117495 117495 0 10648 10648 0 181294 112714 60580 8000 685250 402696 271215 11339 3064048 2545111 436437 82500 369254 52157 317097 0 2252611 2252611 1530622 1252815 220003 57804 0 484530 258158 226372 1302632 1302632 0 3299469 3299469 592728 592728 TELEPHONE 155220 17251 137269 700 POSTAGE 192667 112017 63658 16992 EQUIPMENT RENTAL & MAINT. 33112 33112 50789577 44070274 5595059 1124244 1961534 1647880 833461 5182132 3370906 3569182 1037576 947881 0 0 0 0 2200509 2093642 0 0 572543 431239 97483248 67970608 31270961 29512640 65476160 59518923 21491122 40559748 0 0 0 0 18308580 19488959 146523352 162952226 3746664 3224324 0 0 2200029 2018384 29148000 28330000 0 0 0 0 262761 236815 144055 54560 7565689 5827492 43067198 39691575 X 14715140 30490353 23369743 25828164 65371271 66942134 103456154 123260651 146523352 162952226 X 19276169 -2501810 3030138 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92815787 463308 26002944 4121055 3691261 111469723 97516055 1452986 -222652 2995451 2935151 92815787 82058260 2165345 18469943 2304709 2872784 97516055 73354213 1129261 12743174 3221296 1947092 82058260 91555006 3966083 -15834787 -3096335 -3235754 86018391 0.28000 0.63000 0.09000 true false 411185 411185 75271207 48471720 26799487 19278536 17733606 1544930 2522320 1765282 757038 29512640 PRIVATELY HELD STOCK 12000000 F PRIVATE EQUITIES 28559748 F 40559748 FUNDS HELD IN TRUST 13813706 INVESTMENT IN MILLSAPS DEV INC 3683596 CASH SURRENDER VALUE LIFE INS 1991657 19488959 0 LIABILITY FOR FINANCIAL INSTRUMENT 3776982 LIABILITY FOR ASSET RETIREMENT 263914 ADVANCE UNDER GOVERNMENT LOANS 1786596 5827492 Part V, Line 4: The intended uses of the endowment are primarily student scholarships, faculty chairs and salaries and academic departmental 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 47652 East Asia and the Pacific Program Services Study Abroad Program 31650 Europe (Including Iceland and Greenland) Program Services Study Abroad Program 87338 North America Program Services Study Abroad Program 84793 North America Program Services Academic Facilities 44422 North America Program Services Research 37742 North America Program Services Grants 67007 Central America and the Caribbean Investments 21431000 21831604 21831604 North America 49987 Wire 1 Scholarships North America 3 17020 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 06/30/2013 was $21,431,000. Part IV, Line 3: THE FILING REQUIREMENTS OF FORM 5471 WERE NOT MET BY MILLSAPS DURING THE FISCAL YEAR ENDED 6/30/2013 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. true Sponsored Scholarships 123 697658 Endowed Scholarships 224 2303412 Other Scholarships 885 12972637 SEOG 108 193943 MS Tuition Assistance Grant 214 149325 MS Eminent Scholars 61 143750 Critical Need Teachers Scholarship 1 14495 HELP State Grant 13 77844 William Winter Teacher Scholarship 1 4000 Part I, Line 2: 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. X X X true true X X X X X true false false false false false false false false Frances Lucas 0 0 0 0 168642 0 7463 0 0 0 176105 0 151120 Louise Burney 130462 0 3309 7013 17396 158180 Jesse Beeler 124532 0 0 0 58013 0 6438 0 7554 0 196537 0 Kimberly Burke 165908 8178 7439 21672 203197 Keith Dunn 158676 0 8972 0 18432 186080 Robert Pearigen 296136 0 0 0 47545 0 7500 0 20472 0 371653 0 Robert McElvaine 131685 0 0 0 1434 0 6567 0 19272 0 158958 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. PART 1, LINE 4A Former President, Frances Lucas, received a severance payment of $176,105 during 2012, which $151,120 of this amount was reported as deferred compensation on the 2009 Form 990. An agreement was entered into on April 23, 2009, in which Frances Lucas was to serve as President through June 30, 2010 and as a consultant from July 1, 2010 through June 30, 2013. The compensation for this period was treated as deferred compensation and reported on the 2009 Form 990. The amount of compensation paid each year is treated as a severance payment to Frances Lucas. The agreement was later amended to extend payment through June 30, 2014. A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2008-08-05 31000000 SEE PART VI false false false A 2950000 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: 0 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: 0 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. X 29 432021 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 $ 74,991 INCREASE IN CASH SURRENDER VALUE 82,136 CHANGE IN VALUE IN SPLIT INTERESTS 1,134,993 UNREALIZED GAINS - SWAP 1,738,018 TOTAL - OTHER CHANGES IN FUND BALANCE $3,030,138 Millco PO Box 150433 Jackson MS 39210 640511687 See Part VII MS 0 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 false Millsaps Development Inc b 75000 Captl Contrib. Millsaps Development Inc c 226178 Net Earnings 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 Puuc 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.