2012-05-11T15:56:36-04:00 2011-06-30 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2010-07-01 941156566 Mills College MILL 5104302223 5000 MacArthur Blvd Oakland CA 94613 JAMIE NICKEL 2012-04-19 true GRANT THORNTON LLP 4159863900 2010 2016-02-24 21:20:13Z Alecia A DeCoudreaux 5000 MacArthur Blvd Oakland CA 94613 212205648 false X www.mills.edu X 1852 CA SEE ATTACHMENT 1 40 37 1510 100 123256 -113161 11552659 18735215 56948118 61477141 3635592 5287494 951003 758974 73087372 86258824 20067381 21550412 0 0 40478439 42971088 65270 28206 3235096 24977285 25698890 85588375 90248596 -12501003 -3989772 307207152 330275040 45571976 47332057 261635176 282942983 FOUNDED IN 1852, MILLS COLLEGE (THE "COLLEGE") IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR WOMEN, WITH GRADUATE PROGRAMS FOR BOTH WOMEN AND MEN. THE COLLEGE PROVIDES EDUCATION AND TRAINING SERVICES FOR UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN, AND PERFORMS TRAINING AND OTHER PROGRAMS UNDER GRANTS, CONTRACTS AND SIMILAR AGREEMENTS WITH ITS SPONSORS, PRIMARILY DEPARTMENTS AND AGENCIES OF THE UNITED STATES GOVERNMENT, AND PRIVATE DONORS. THE COLLEGE EDUCATES ITS STUDENTS TO THINK CRITICALLY AND COMMUNICATE RESPONSIBLY AND EFFECTIVELY, TO ACCEPT THE CHALLENGES OF THEIR CREATIVE VISIONS, AND TO ACQUIRE THE KNOWLEDGE AND SKILLS NECESSARY TO UNDERSTAND THE NATURAL WORLD AND EFFECT THOUGHTFUL CHANGES IN SOCIETY. THE COLLEGE ENCOURAGES OPENNESS TO EXPERIMENTATION AND CHANGE IN THE CONTEXT OF ESTABLISHED ACADEMIC DISCIPLINES. THE CURRICULUM COMBINES THE TRADITIONAL LIBERAL ARTS WITH NEW EDUCATIONAL INITIATIVES THAT RECOGNIZE THE VALUE OF CULTURAL, RACIAL, AND ETHNIC DIVERSITY. false false 54542165 21528042 49560774 THE COLLEGE PROVIDES INSTRUCTION, RESEARCH, PUBLIC SERVICE AND ACADEMIC SUPPORT TO 961 UNDERGRADUATE STUDENTS AND TO 635 GRADUATE STUDENTS. IN ADDITION, THE COLLEGE PROVIDES FINANCIAL AID, SCHOLARSHIPS, AND FELLOWSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS. 20460753 22370 11916367 THE COLLEGE PROVIDES AUXILIARY SERVICES INCLUDING STUDENT HOUSING, FOOD SERVICES, AND OTHER STUDENT SERVICES. 75002918 true true false true false false true false true true true false false true true true false true false true false true true false false false true true true true true false false false false true false false true true true true false false false false false false false false true 384 0 true 1510 true true true false false false false false false false false false X 40 37 true false false false false false false true true false false true true true true true true true true true true CA X JAMIE NICKEL 5104302223 5000 MACARTHUR BLVD Oakland CA 94613 JANET L HOLMGREN 40.0 X X 422067 0 80614 JULIA ALMAZAN 1.0 X 0 0 0 JAMES ANDRASICK 1.0 X 0 0 0 RICHARD BARRETT 1.0 X 0 0 0 MARA MICHELLE BATLIN 1.0 X 0 0 0 WENDY BRODY 1.0 X 0 0 0 KATHLEEN BURKE 1.0 X X 0 0 0 EARL CHEIT 1.0 X 0 0 0 GORDON CHONG 1.0 X 0 0 0 JOAN DANFORTH 1.0 X 0 0 0 LAURIANN DELAY 1.0 X 0 0 0 THOMAS EHRLICH 1.0 X 0 0 0 LYN FLANIGAN 1.0 X 0 0 0 JAMES FOWLER 1.0 X 0 0 0 NAN GEFEN 1.0 X X 0 0 0 SABRINA HELLMAN 1.0 X 0 0 0 MARYELLEN CATTANI HERRINGER 1.0 X 0 0 0 MERRILL KASPER 1.0 X 0 0 0 MARIBELLE LEAVITT 1.0 X 0 0 0 LORRY LOKEY 1.0 X 0 0 0 JOHN MCDONNELL 1.0 X 0 0 0 HELEN MUIRHEAD 1.0 X X 0 0 0 JANE NEWHALL 1.0 X 0 0 0 ALEXANDRA RINDE 1.0 X 0 0 0 GAYLE ROTHROCK 1.0 X 0 0 0 CRISTINE RUSSELL 1.0 X 0 0 0 CLARE SPRINGS 1.0 X 0 0 0 VIVIAN STEPHENSON 1.0 X 0 0 0 MYRA STROBER 1.0 X 0 0 0 ROSELYNE CHROMAN SWIG 1.0 X 0 0 0 BARBARA SANDOVAL TERRAZAS 1.0 X 0 0 0 EVELYN THORNE 1.0 X 0 0 0 LINDA COHEN TURNER 1.0 X 0 0 0 TONI RENEE VIERRA 1.0 X 0 0 0 GLENN VOYLES 1.0 X 0 0 0 MARGARET WILKERSON 1.0 X 0 0 0 NITA CLARK 1.0 X 0 0 0 DAISY GONZALEZ 1.0 X 0 0 0 LINDA JAQUEZ-FISSORI 1.0 X 0 0 0 ALEX MOSES 1.0 X 0 0 0 KATHERINE SCHAPIRO 1.0 X 0 0 0 BARBARA WOLFE 1.0 X 0 0 0 RAMON TORRECILHA 40.0 X 284468 0 48929 SANDRA GREER 40.0 X 246950 0 48727 LADENE DIAMOND 40.0 X 153555 0 24933 JAMIE NICKEL 40.0 X 116850 0 31634 LULESA HAMMOND 40.0 X 109220 0 26598 THERESE LEONE 40.0 X 185778 0 43069 CYNTHIA BRANDT STOVER 40.0 X 228088 0 51376 RENEE JADUSHLEVER 40.0 X 207748 0 39715 ANDREW WORKMAN 40.0 X 169171 0 29815 BRUCE WILLIAMS 40.0 X 163706 0 20891 JOSEPH KAHNE 40.0 X 183992 0 21148 NANCY THORNBORROW 40.0 X 173363 0 27441 MARIANNE SHELDON 40.0 X 152545 0 25977 CYNTHIA SCHEINBERG 40.0 X 152060 0 33472 MARY ANN MILFORD 40.0 X 139552 0 20790 3089113 0 575129 61 true true false BON APPETIT COMPASS GROUP PO Box 59184 BOULDER CO 80322 FOOD SERVICE 3374439 JAMES R GRIFFIN INC 39199 PASEO PADRE PKWY NO B FREMONT CA 94538 Construction 1469228 DPR CONSTRUCTION INC 1510 S WINCHESTER BLVD SAN JOSE CA 95128 CONSTRUCTION 1443512 ABM JANITORIAL SERVICES FILE NO 43673 LOS ANGELES CA 90074 JANITORIAL SVCS 1132568 THE PERMANENTE MEDICAL GROUP INC 1950 FRANKLIN STREET 18TH FLOOR OAKLAND CA 94612 ON-CAMPUS MED CTR 503233 28 2895553 15839662 9001208 18735215 TUITION AND FEES 900099 49560774 49560774 AUXILIARY SERVICES 611710 11916367 11916367 61477141 1944613 -3730 1948343 0 0 129289705 125946824 3342881 3342881 3342881 0 0 0 MISCELLANEOUS 611710 542126 542126 SWIMMING POOL 713940 216848 126986 89862 758974 86258824 61477141 123256 5923212 263943 263943 20914344 20914344 372125 372125 0 2932942 479527 2170802 282613 108310 108310 31114220 26056284 3430259 1627677 2695126 2134815 450607 109704 3747490 3063441 400880 283169 2373000 1860374 392680 119946 0 65488 12758 48214 4516 177140 177140 0 28206 28206 825096 825096 5973329 5244951 674325 54053 131334 109822 20962 550 3826082 2756533 944276 125273 368819 217297 128514 23008 0 4517402 3912019 475818 129565 850756 658679 136931 55146 0 292740 181899 103330 7511 1644066 1378941 205647 59478 0 5126118 4299472 641197 185449 295440 16163 279277 HOSPITALITY 699220 308210 360401 30609 INDIRECT GRANT COSTS 419240 419240 OTHER: BAD DEBT EXPENSE 223833 214329 9504 COLLEGE/STUDENT EVENTS 195516 100352 95164 OTHER EXPENSES 67271 27400 39558 313 90248596 75002918 12010582 3235096 32822 25688 6701473 16446898 13401280 19228541 814007 912391 290388 285041 2721796 2631977 206268 174770 1863205 1839410 197611901 77305066 123356814 120306835 77210735 66903164 80607677 101520325 687 0 307207152 330275040 6904591 6731894 34834260 34150143 3833125 6450020 45571976 47332057 X 78250361 81549284 57366201 71480568 126018614 129913131 261635176 282942983 307207152 330275040 X -3989772 25297579 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 false false false false false false false false false false INFLUENCE ON LEGISLATIVE MATTERS SCHEDULE C, PART I-A, LINE 1 AND PART II-B THIS ORGANIZATION MAY, TO AN INSUBSTANTIAL DEGREE, MAKE COMMENTS OR STATEMENTS CONCERNING LEGISLATION WHICH MAY IMPACT THE EDUCATION INDUSTRY. THE ORGANIZATION HAS NOT INTERVENED IN ANY POLITICAL CAMPAIGN. THE ORGANIZATION WILL POSSIBLY ENGAGE IN TELEPHONE CONVERSATIONS AND/OR WRITE LETTERS TO VARIOUS FEDERAL, STATE, AND LOCAL OFFICIALS REGARDING MATTERS WHICH AFFECT THE EDUCATION INDUSTRY AS A WHOLE. THE AMOUNT OF TIME AND MONEY INVOLVED IN THESE ACTIVITIES IS NEGLIGIBLE. 86835 2594870 X X X X false 165376656 3368961 28685789 4566223 8642775 825096 183397312 156570854 2679071 19398573 4227765 8523852 520225 165376656 210555656 4757006 -45464895 4058921 8555553 662439 156570854 0.06390 0.93610 false false 291686 291686 103843217 32087435 71755782 60186396 17161530 43024866 30519767 28056100 2463667 2770834 2770834 120306835 LIMITED PARTNERSHIPS 40946248 F INTERNATIONAL EQUITY FUNDS 60295445 F REITS 278632 F 101520325 0 ANNUITY AND LIFE INCOME PAYABLE 2361025 LINE OF CREDIT 2750000 GOV'T ADVANCES FOR STUDENT LOANS 1338995 6450020 86258824 90248596 -3989772 23470675 1826904 25297579 21307807 90410704 23470675 1826904 25297579 65113125 825096 20320603 21145699 86258824 69102897 69102897 825096 20320603 21145699 90248596 Collections of Art, Historical Treasures or Other Similar Assets Schedule D, Part III, Line 4 COLLECTION ITEMS ARE ACQUIRED BY DONATION AND INCLUDE WORKS OF ART, RARE BOOKS AND DOCUMENTS. COLLECTIONS ARE HELD FOR THE PURPOSE OF ENHANCING CURRICULUM AND FOR PUBLIC EXHIBITION FOR EDUCATIONAL PURPOSES OR RESEARCH. THEY ARE NOT FOR FINANCIAL GAIN. COLLECTIONS ARE PROTECTED, CARED FOR, AND PRESERVED. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE MANAGED AND USED FOR THE PURPOSE OF ENSURING CONTINUED SUPPORT FOR THE COLLEGE'S LONG TERM EDUCATIONAL PURPOSES. THE LONG TERM FINANCIAL GOAL FOR THE ENDOWMENT INVESTMENT PORTFOLIO IS TO PROVIDE RELATIVELY STABLE STREAM OF EXPENDABLE REVENUE THAT INCREASES OVER TIME AT LEAST AS FAST AS THE GENERAL RATE OF INFLATION. RECONCILIATIONS SCHEDULE D, PART XI, LINE 8 - OTHER ADJUSTMENTS ACTUARIAL ADJUSTMENT 1,826,904 SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS ACTUARIAL ADJUSTMENT 1,826,904 SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS STUDENT FINANCIAL AID 20,320,603 SCHEDULE D, PART XIII, LINE 4B - OTHER ADJUSTMENTS STUDENT FINANCIAL AID 20,320,603 FIN 48 SCHEDULE D, PART X, LINE 2 The College is recognized by the Internal Revenue Service as an organization exempt from federal income taxes on related income under Section 501(c)(3) of the Internal Revenue Code. The College is also recognized by the Franchise Tax Board as exempt from California state tax on related income under Section 23701d of the California Revenue and Taxation Code. The College has identified and evaluated significant tax positions in its significant tax jurisdictions which are the federal and California state tax jurisdictions. The College has also determined that the open tax years are generally three years for federal and four years for California tax purposes. Thus, the general open tax years are the years ended June 30, 2008 through June 30, 2010 for federal purposes and the years ended June 30, 2007 through June 30, 2010 for California purposes. For both federal and California, there is an unrelated business income net operating loss carryover of approximately $1 million. The carryover extends the statute of limitations and thus the open tax years for purposes of the net operating loss only are the years ended June 30, 2005 through June 30, 2007 for federal purposes and the years ended June 30, 2005 through June 30, 2006 for California purposes. The College applies ASC 740-10-25, Accounting for Uncertainty in Income Taxes, to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of the year ended June 30, 2011 and the year ended June 30, 2010, nor are any changes anticipated in the twelve months following June 30, 2011. A net operating loss can only be reflected as a benefit (deferred tax asset) on the Statement on Financial Position when it is likely that the loss would be utilized against taxable income in another tax year. Since there is not presently a likelihood of taxable income in another tax year, the College does not have a deferred tax asset on the Statement on Financial Position and there have been no related tax penalties or interest, which would be classified as tax expense in the Statement of Activities. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 MILLS COLLEGE DRAWS STUDENTS FROM A LARGE GEOGRAPHIC REGION AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. MILLS COLLEGE WAS RANKED ONE OF THE TOP 20 MOST DIVERSE LIBERAL ARTS COLLEGES IN THE NATION BY U.S. NEWS & WORLD REPORT. IN THE ACADEMIC YEAR 2010-2011 42% OF THE UNDERGRADUATE STUDENTS AND 39% OF THE GRADUATE STUDENTS WERE OF COLOR INCLUDING STUDENTS THAT IDENTIFIED THEMSELVES AS MULTI-ETHNIC. MILLS COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS CATALOG, STUDENT APPLICATION AND IN THE MAJORITY OF ITS BROCHURES AND OTHER WRITTEN ADMISSIONS COMMUNICATIONS. THE POLICY IS INCLUDED ON THE COLLEGE WEB PAGE. SCHEDULE E, LINE 6A THE COLLEGE RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. true East Asia and the Pacific 0 0 Program Services Recruitment 8348 East Asia and the Pacific 0 0 Program Services Faculty Research 8000 East Asia and the Pacific 0 0 Fundraising 16887 East Asia and the Pacific 0 0 Program Services Faculty Travel Grant 3000 Europe (Including Iceland and Greenland) 0 0 Program Services Faculty Research 5425 Europe (Including Iceland and Greenland) 0 0 Program Services Faculty Travel Grant 1068 Middle East and North Africa 0 0 Program Services Prof. Development 3332 North America 0 0 Program Services Prof. Development 8421 North America 0 0 Program Services Faculty Travel Grant 1954 South Asia 0 0 Program Services Prof. Development 4300 Europe (Including Iceland and Greenland) 0 0 Program Services Alumni Relations 12153 Europe (Including Iceland and Greenland) 0 0 Program Services Prof. Development 22649 Europe (Including Iceland and Greenland) 0 0 Program Services Misc. Expenses 4400 North America 0 0 Program Services Misc. Expenses 5701 South America 0 0 Program Services Prof. Development 405 Sub-Saharan Africa 0 0 Program Services Faculty Research 3970 Central America and the Caribbean 0 0 Grantmaking EDUCATIONAL ASSISTANCE 22238 East Asia and the Pacific 0 0 Grantmaking EDUCATIONAL ASSISTANCE 61447 Europe (Including Iceland and Greenland) 0 0 Grantmaking EDUCATIONAL ASSISTANCE 259417 North America 0 0 Grantmaking EDUCATIONAL ASSISTANCE 7023 South America 0 0 Grantmaking EDUCATIONAL ASSISTANCE 8000 South Asia 0 0 Grantmaking EDUCATIONAL ASSISTANCE 8000 Sub-Saharan Africa 0 0 Grantmaking EDUCATIONAL ASSISTANCE 6000 Europe (Including Iceland and Greenland) 0 0 Investments 10204000 Central America and the Caribbean 0 0 Investments 36356000 0 0 0 0 0 0 132251 46909887 47042138 Financial Aid Cent. America/Caribbean 3 22238 ACCT CREDIT Financial Aid East Asia/Pacific 7 61447 ACCT CREDIT Financial Aid Europe/Iceland/Greenland 22 259417 ACCT CREDIT Financial Aid North America 1 7023 ACCT CREDIT Financial Aid South America 1 8000 ACCT CREDIT Financial Aid South Asia 1 8000 ACCT CREDIT Financial Aid Sub-Saharan Africa 1 6000 ACCT CREDIT true false true true true false SCHEDULE F, PART I, LINE 2 GRANTS ARE PUT INTO A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND AWARD. THE COLLEGE MANAGES AN EXTENSIVE FINANCIAL AID PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE TWO MAJOR FORMS: MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID. THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY GRANTS. SCHEDULE F, PART II, LINE 1 FOREIGN INDIVIDUALS ARE DEFINED AS THOSE LIVING OUTSIDE THE U.S. AT THE TIME THE AID WAS AWARDED. THE AMOUNTS REPORTED ARE A BEST ESTIMATE BASED ON CERTAIN ASSUMPTIONS REGARDING WHERE THE PERSONS WERE LIVING WHEN THE AID WAS AWARDED. X X X X X X true Harris Connect Inc 1511 Route 22 Suite C-25 Brewster NY 10509 Outreach false 23206 The Oram Group Inc 328 Duncan Street San Francisco CA 94131 Counsel false 5000 28206 CA true University of Southern California USC Anneberg 3502 Watt Way Los Angeles CA 90089 951642394 501(c)(3) 83406 Education Development Center Inc 55 Chapel Street Newton MA 02458 042241718 501(c)(3) 16856 Harvard University 1350 Massachusetts Ave Ste 600 Cambridge MA 02138 042103580 501(c)(3) 157931 Princeton University Institute for Advanced Study Einst Princeton NJ 08540 210634988 501(c)(3) 5750 4 0 Prizes & Research Awards 171 93392 Financial Aid 1497 19855086 Student Services 1 22370 Instruction, research, support 151 883496 Research Grants 6 60000 SCHEDULE I, PART I, LINE 2 GRANTS ARE PUT INTO A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND AWARD. THE COLLEGE MANAGES AN EXTENSIVE FINANCIAL AID PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE TWO MAJOR FORMS: MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID. THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY THE GRANT. X X X X true true X X X X false true false false false false false false false JANET L HOLMGREN 410272 0 0 0 11795 0 24619 0 55995 0 502681 0 0 0 RAMON TORRECILHA 280173 0 0 0 4295 0 41713 0 7216 0 333397 0 0 0 SANDRA GREER 216950 0 0 0 30000 0 41649 0 7078 0 295677 0 0 0 LADENE DIAMOND 107586 0 0 0 45969 0 19653 0 5280 0 178488 0 0 0 THERESE LEONE 185778 0 0 0 0 0 35966 0 7103 0 228847 0 0 0 CYNTHIA BRANDT STOVER 228088 0 0 0 0 0 42110 0 9266 0 279464 0 0 0 RENEE JADUSHLEVER 207748 0 0 0 0 0 33150 0 6565 0 247463 0 0 0 ANDREW WORKMAN 169171 0 0 0 0 0 28683 0 1132 0 198986 0 0 0 BRUCE WILLIAMS 163706 0 0 0 0 0 14096 0 6795 0 184597 0 0 0 JOSEPH KAHNE 165164 0 0 0 18828 0 14410 0 6738 0 205140 0 0 0 NANCY THORNBORROW 154284 0 0 0 19079 0 20595 0 6846 0 200804 0 0 0 MARIANNE SHELDON 152545 0 0 0 0 0 15848 0 10129 0 178522 0 0 0 CYNTHIA SCHEINBERG 152060 0 0 0 0 0 26600 0 6872 0 185532 0 0 0 MARY ANN MILFORD 139552 0 0 0 0 0 13998 0 6792 0 160342 0 0 0 SCHEDULE J PART I, LINE 1A FIRST - CLASS TRAVEL: ON OCCASION FIRST-CLASS TRAVEL IS AUTHORIZED FOR EXTENDED TRAVEL OF 2,000 MILES OR MORE BY A POLICY ADOPTED BY THE COLLEGE BOARD OF TRUSTEES AND EACH EXPENSE IS APPROVED BY THE CHAIR OF THE FINANCE COMMITTEE. DISCRETIONARY SPENDING ACCOUNT: THE COLLEGE EXECUTIVE VICE PRESIDENT AND THE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT RECEIVE AN AUTOMOBILE ALLOWANCE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE PRESIDENT IS PROVIDED ON CAMPUS HOUSING AS A CONVENIENCE TO THE COLLEGE TO CONDUCT COLLEGE BUSINESS INCLUDING FUNDRAISING AND OTHER COLLEGE BUSINESS AS PART OF HER EMPLOYMENT CONTRACT. THE VALUE OF THE HOUSING IS INCLUDED IN NONTAXABLE BENEFITS IN SCHEDULE J, PART II, COLUMN (D). THE PROVOST AND DEAN OF FACULTY RECEIVES A HOUSING ALLOWANCE AS PART OF HER EMPLOYMENT CONTRACT. THE ALLOWANCE IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B) (III). PERSONAL SERVICES: ON OCCASION COLLEGE EMPLOYEES PERFORM ROUTINE CLEANING AND VALET SERVICES FOR THE PRESIDENT. IF REQUIRED, THE APPLICABLE AMOUNTS FOR THE ABOVE ITEMS ARE REPORTED AS TAXABLE COMPENSATION. SCHEDULE J PART I, LINE 4B: IN CALENDAR YEAR 2010, JANET L. HOLMGREN, THE COLLEGE'S PRESIDENT PARTICIPATED IN A NON-QUALIFIED 457(F) PLAN. NO CONTRIBUTION OR PAYMENT WAS MADE DURING 2010. FORM 990, SCHEDULE J COMPENSATION FOR CERTAIN INDIVIDUALS INCLUDES SUPPLEMENTAL INCOME RELATED TO SERVICES PERFORMED OUTSIDE OF THE SCHOOL YEAR FOR RESEARCH AND OTHER GRANT FUNDED PROJECTS AS PROVIDED BY THE GRANT SOURCE. FORM 990, SCHEDULE J AND ATTACHMENT 2 COMPENSATION FOR OFFICERS, DIRECTORS, KEY EMPLOYEES AND THE TOP FIVE PAID EMPLOYEES IS REPORTED ON BOTH SCHEDULE J AND ATTACHMENT 2. AS REQUIRED BY THE INSTRUCTIONS FOR FORM 990, COLUMN B OF SCHEDULE J, PAGE 2 REPORTS THE COMPENSATION REPORTED ON THE INDIVIDUAL'S FORM W-2 FOR THE 2010 CALENDAR YEAR. IN ADDITION, COLUMN C OF SCHEDULE J, PAGE 2 REPORTS DEFERRED COMPENSATION EARNED BY EACH INDIVIDUAL DURING THE 2010 CALENDAR YEAR WHETHER THE INDIVIDUAL ACTUALLY RECEIVED THIS COMPENSATION OR NOT AND COLUMN D OF SCHEDULE J, PAGE 2 REPORTS THE NON-TAXABLE BENEFITS RECEIVED BY THE INDIVIDUAL DURING THE 2010 CALENDAR YEAR. COLUMN E OF SCHEDULE J, PAGE 2 REPORTS THE TOTAL COMPENSATION RECEIVED BY THE INDIVIDUAL DURING THE 2010 CALENDAR YEAR. CEFA - SERIES 2005 A NOTES 521705592 1301756Q0 2005-06-16 25842797 Capital Projects false false false CEFA - SERIES 2005 B NOTES 521705592 1301757F3 2005-09-07 3020154 Refinance 1995 Bonds false false false 26566462 496991 26069471 2009 false false true true 3020198 58019 22566 2939613 2007 true false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false true Trinity Plus Funding true true false false false false false false false FORM 990, SCHEDULE K, PART I, COLUMN E THE DIFFERENCE IN THE ISSUE PRICE REPORTED IN PART I, COLUMN E AND TOTAL PROCEEDS REPORTED IN PART II, LINE 3 RELATES TO PROCEEDS USED TO REFUND PRIOR ISSUANCES AND INVESTMENT EARNINGS ON NET PROCEEDS. Janet L Holmgren Housing X 300000 285041 false true true 285041 SEE PART V FORM 990, SCHEDULE L PART IV: BOARD TRUSTEE GORDON CHONG'S CHILD IS EMPLOYED BY MILLS COLLEGE IN AN ARMS-LENGTH ARRANGEMENT. COMPENSATION PLUS BENEFITS PAID FOR FISCAL YEAR-ENDED JUNE 30, 2011 WAS $95,035. BOARD TRUSTEE NAN GEFEN'S CHILD WAS EMPLOYED BY MILLS COLLEGE IN AN ARMS-LENGTH ARRANGEMENT. COMPENSATION PAID FOR CONSULTING FOR FISCAL YEAR-ENDED JUNE 30, 2011 WAS $13,275. BOARD TRUSTEE MARYELLEN CATTANI HERRINGER IS THE NON-EXECUTIVE CHAIRMAN OF ABM INDUSTRIES INC. THE MILLS COLLEGE BOARD OF TRUSTEES IS NOT RESPONSIBLE FOR GRANTING APPROVAL OF THE CONTRACT WITH ABM INDUSTRIES INC. IN AN ARMS-LENGTH ARRANGEMENT ABM INDUSTRIES INC. PROVIDED JANITORIAL SERVICES TO MILLS COLLEGE DURING THE YEAR ENDED JUNE 30, 2011 IN THE AMOUNT OF $1,036,744. X 16 86835 OPINIONS OF EXPERTS X 81 1514373 MARKET QUOTATION X Pledge Receivable 3 7400000 STATED VALUE false true false FORM 990, PART VI, SECTION A, LINE 2 BOARD TRUSTEE LAURIANN DELAY, IN AN ARMS-LENGTH ARRANGEMENT PERFORMS FINANCIAL INVESTMENT ADVISOR SERVICES TO BOARD TRUSTEE LORRY LOKEY. LAURIANN DELAY ALSO SERVES ON MILLS' INVESTMENT COMMITTEE AS AN ADVISOR FOR THE COLLEGE'S INVESTMENTS. FORM 990, PART VI, SECTION B, LINE 11B GRANT THORNTON LLP AND MILLS COLLEGE FINANCE STAFF WORKED TOGETHER IN GATHERING THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. GRANT THORNTON LLP AND THE COLLEGE PRESIDENT, THE COLLEGE INTERIM VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER REVIEWED THE FORM 990 DRAFT FOR ACCURACY AND COMPLETENESS. THE BOARD OF DIRECTORS AND THE AUDIT AND FINANCE COMMITTEE MEMBERS WERE SENT THE FINAL 990 DRAFT. AFTER A REVIEW PERIOD, THE AUDIT AND FINANCE COMMITTEE MEMBERS MET WITH MILLS COLLEGE MANAGEMENT AND GRANT THORNTON LLP REPRESENTATIVES TO REVIEW THE DRAFT IN DETAIL. AFTER THIS REVIEW, THE FINAL FORM 990 WAS FILED. IN ADDITION, A COPY OF THE MILLS COLLEGE AUDITED FINANCIAL STATEMENTS WAS PROVIDED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY ENFORCED BY THE AUDIT AND FINANCE COMMITTEE WITH THE ADVICE AND ASSISTANCE OF THE MILLS COLLEGE GENERAL COUNSEL. THE AUDIT AND FINANCE COMMITTEE REQUIRES EACH COLLEGE TRUSTEE, OFFICER AND KEY EMPLOYEE TO COMPLETE ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRES ARE FILED WITH THE GENERAL COUNSEL AND REVIEWED BY THE AUDIT AND FINANCE COMMITTEE, WHICH MAKES RECOMMENDATIONS ABOUT THE POTENTIAL CONFLICTS OF INTERESTS TO THE FULL BOARD. THE COMMITTEE AND THE BOARD MAINTAIN MINUTES AND OTHER DOCUMENTATION TO RECORD THEIR REVIEW OF ACTUAL OR POTENTIAL CONFLICTS. COLLEGE TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE ALSO AWARE OF THE DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST DURING THE YEAR. THESE ADDITIONAL DISCLOSURES BY AN INDIVIDUAL COVERED BY THE POLICY ARE SUBMITTED TO THE AUDIT AND FINANCE COMMITTEE CHAIR AND THE GENERAL COUNSEL. THE AUDIT AND FINANCE COMMITTEE WILL REVIEW THE POTENTIAL CONFLICTS AND MAKE RECOMMENDATIONS TO THE FULL BOARD. AT REGULARLY SCHEDULED MEETINGS OF THE AUDIT AND FINANCE COMMITTEE AND THE FULL BOARD, THE AUDIT AND FINANCE COMMITTEE REPORTS ON ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND THEIR RESOLUTION OR RECOMMENDATION. THE AUDIT AND FINANCE COMMITTEE REVIEWS THE OPERATION OF THE POLICY AND MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES REGARDING ANY PROPOSED CHANGES. THE GENERAL COUNSEL (OR HIS OR HER REPRESENTATIVE) ATTENDS ALL RELEVANT MEETINGS AND ASSISTS IN PREPARING THE MINUTES. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE MILLS COLLEGE BOARD OF TRUSTEES HAS APPROVED THE EXECUTIVE COMPENSATION POLICY. THE MILLS COLLEGE BOARD OF TRUSTEES EXECUTIVE COMPENSATION SUBCOMMITTEE HAS OVERSIGHT OF ALL ELEMENTS OF EXECUTIVE COMPENSATION AND IS RESPONSIBLE FOR RECOMMENDING THE COMPENSATION OF THE COLLEGE PRESIDENT AND OTHER COLLEGE OFFICERS FOR APPROVAL BY THE BOARD. THE EXECUTIVE COMPENSATION SUBCOMMITTEE, AS WELL AS ANY THIRD PARTIES PROVIDING PROFESSIONAL ADVICE TO THE SUBCOMMITTEE, MUST BE INDEPENDENT. THE EXECUTIVE COMPENSATION SUBCOMMITTEE ANNUALLY CONDUCTS A REVIEW OF THE COLLEGE PRESIDENT'S AND OTHER COLLEGE OFFICERS' COMPENSATION. TIMELY MINUTES OF ALL FINAL RECOMMENDATIONS AND ACTIONS BY THE EXECUTIVE COMPENSATION SUBCOMMITTEE AND BOARD REGARDING THE COLLEGE PRESIDENT'S COMPENSATION ARE RECORDED. THE POLICY PROVIDES THAT EXECUTIVE COMPENSATION ARRANGEMENTS SHOULD FALL WITHIN THE BOUNDS OF MARKET PRACTICE FOR COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. FACTORS THAT ARE REVIEWED IN DETERMINING COMPARABILITY INCLUDE: 1. COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS; 2. THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THE ORGANIZATION; 3. CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND 4. ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE AFFECTED PERSON. COMPENSATION PACKAGES AND CONTRACTS FOR COLLEGE OFFICERS ARE REVIEWED FOR INTERNAL CONSISTENCY AND EQUITY AS WELL AS EXTERNAL MARKET COMPARABLES. KEY EMPLOYEES' COMPENSATION IS RECOMMENDED DURING THE ANNUAL BUDGET PROCESS BY THE COLLEGE OFFICERS AND REVIEWED AND RECOMMENDED FOR APPROVAL BY THE COLLEGE'S HUMAN RESOURCES DEPARTMENT. COMPENSATION FOR NON-OFFICER KEY EMPLOYEES IS RECOMMENDED FOR APPROVAL BY THE COLLEGE PRESIDENT AND EXECUTIVE VICE PRESIDENT. 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 VII, SECTION A, LINE 1A COMPENSATION TO MARY ANN MILFORD IS BASED UPON THE FACULTY POSITION SHE ASSUMED FOLLOWING THE TERM AS A COLLEGE OFFICER AND IS NOT RELATED TO HER FORMER ROLE AS AN OFFICER. FORM 990, PART XI, LINE 5 THE OTHER CHANGES IN NET ASSETS OR FUND BALANCES ARE COMPRISED OF THE FOLLOWING: NET UNREALIZED GAIN ON INVESTMENTS 23,470,675 ACTUARIAL ADJUSTMENT 1,826,904 ------------- Total 25,297,579 -------------