MILLSAPS COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MILLSAPS COLLEGE (EIN 64-0303084)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201141369349303644
- Schema version
- 2009v1.7
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T13:16:42-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 190 E Capitol Street Suite 500 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 392012190 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640303084 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Millsaps College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILL | NameControl |
| Phone | 6019741100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 150433 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39210 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LOUISE BURNEY | Name |
| Title | VP FOR FINANCE | Title |
| Date Signed | 2011-05-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6019486700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LOUISE BURNEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 150433 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39210 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 81150263 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.millsaps.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1890 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 40 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 40 | NbrIndependentVotingMembers |
| Total Nbr Employees | 935 | TotalNbrEmployees |
| Total Gross UBI | 18059 | TotalGrossUBI |
| Contributions Grants Prior Year | 9420465 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5293358 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 32923164 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34502501 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 626451 | InvestmentIncomePriorYear |
| Investment Income Current Year | 867559 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4456257 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2047771 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 47426337 | TotalRevenuePriorYear |
| Total Revenue Current Year | 42711189 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 15388124 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 17287013 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 20948191 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19138254 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 35577 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 39262 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1393878 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15826312 | OtherExpensePriorYear |
| Other Expenses Current Year | 15052928 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 52198204 | TotalExpensesPriorYear |
| Total Expenses Current Year | 51517457 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4771867 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -8806268 | RevenuesLessExpensesCY |
| Total Assets BOY | 145154783 | TotalAssetsBOY |
| Total Assets EOY | 145151118 | TotalAssetsEOY |
| Total Liabilities BOY | 45554244 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 44205299 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 99600539 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 100945819 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 43621876 | Expense |
| Grants | 17236241 | Grants |
| Revenue | 29265253 | Revenue |
| Description | Educational facilities and personnel providing an ideal atmosphere for learning for approximately 1,100 students. This is achieved with one teacher for every 11 students and an average class size of 15. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 406468 | Expense |
| Revenue | 5237248 | Revenue |
| Description | Auxiliary enterprises including the housing of 77% of the approximately 1,100 students enrolled. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 44028344 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 312 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 935 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 40 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 40 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LOUISE BURNEY | NamePerson |
| Telephone Number | 6019741100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 N STATE STREET | AddressLine1 |
| City | JACKSON | City |
| State | MS | State |
| ZIP Code | 39210 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (53 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Joan Bailey | |||||||
| Trustee | 1.0 | X | |||||
| Paul Benton | |||||||
| Trustee | 1.0 | X | |||||
| Warren Black | |||||||
| Trustee | 1.0 | X | |||||
| Dan Bowling | |||||||
| Trustee | 1.0 | X | |||||
| Steven Casteel | |||||||
| Trustee | 1.0 | X | |||||
| Jim Coggin | |||||||
| Trustee | 1.0 | X | |||||
| Vonda Reeves-Darby | |||||||
| Trustee | 1.0 | X | |||||
| Will Flatt | |||||||
| Trustee | 1.0 | X | |||||
| Tom Fowlkes | |||||||
| Trustee | 1.0 | X | |||||
| Cris Glick | |||||||
| Trustee | 1.0 | X | |||||
| Maurice Hall | |||||||
| Trustee | 1.0 | X | |||||
| Monica Sethi Harrigill | |||||||
| Trustee | 1.0 | X | |||||
| Karen Koons Hayden | |||||||
| Trustee | 1.0 | X | |||||
| Richard Hickson | |||||||
| Trustee | 1.0 | X | |||||
| Carolyn Hood | |||||||
| Trustee | 1.0 | X | |||||
| Randy James | |||||||
| Trustee | 1.0 | X | |||||
| Archie Lamb | |||||||
| Trustee | 1.0 | X | |||||
| Eason Leake | |||||||
| Trustee | 1.0 | X | |||||
| Bob Leggett | |||||||
| Trustee | 1.0 | X | |||||
| John Lindsey | |||||||
| Trustee | 1.0 | X | |||||
| Hal Malchow | |||||||
| Trustee | 1.0 | X | |||||
| Bill McAlilly | |||||||
| Trustee | 1.0 | X | |||||
| Jeff McDonald | |||||||
| Trustee | 1.0 | X | |||||
| Vaughan Mcrae | |||||||
| Trustee | 1.0 | X | |||||
| Mike McRee | |||||||
| Trustee | 1.0 | X | |||||
| Don Mitchell | |||||||
| Trustee | 1.0 | X | |||||
| Cooper Morrison | |||||||
| Trustee | 1.0 | X | |||||
| Luther Ott | |||||||
| Trustee | 1.0 | X | |||||
| Bud Robinson Jr | |||||||
| Trustee | 1.0 | X | |||||
| Toddy Sanders | |||||||
| Trustee | 1.0 | X | |||||
| Steven Smith | |||||||
| Trustee | 1.0 | X | |||||
| Hope Ward | |||||||
| Trustee | 1.0 | X | |||||
| William Yates III | |||||||
| Trustee | 1.0 | X | |||||
| Zachary Beasley | |||||||
| Trustee | 1.0 | X | |||||
| Bill Bynum | |||||||
| Trustee | 1.0 | X | |||||
| Lisa Garvin | |||||||
| Trustee | 1.0 | X | |||||
| Richard Mills | |||||||
| Trustee | 1.0 | X | |||||
| Paul Ogden | |||||||
| Trustee | 1.0 | X | |||||
| Joey Shelton | |||||||
| Trustee | 1.0 | X | |||||
| Murray Underwood | |||||||
| Trustee | 1.0 | X | |||||
| Frances Lucas | |||||||
| President | 40.0 | X | 320400 | 0 | 893712 | ||
| Richard A Smith | |||||||
| Vice President & Academic Dean | 40.0 | X | 106073 | 0 | 12057 | ||
| Charles Lewis | |||||||
| Vice President - Inst. Adv | 40.0 | X | 118964 | 0 | 27076 | ||
| Louise Burney | |||||||
| Vice President - Finance | 40.0 | X | 126536 | 0 | 13371 | ||
| Brit Katz | |||||||
| Vice Pres - Student Affairs | 40.0 | X | 96695 | 0 | 11719 | ||
| Todd Rose | |||||||
| Vice President - Campus Serv | 40.0 | X | 122295 | 0 | 8583 | ||
| Howard McMillan | |||||||
| Acting President | 40.0 | X | 153887 | 0 | 0 | ||
| David Davis | |||||||
| Interim Vice President & Dean | 40.0 | X | 97189 | 0 | 20722 | ||
| George Bey | |||||||
| Professor of Sociology | 40.0 | 134121 | 0 | 10827 | X | ||
| Jesse Beeler | |||||||
| Professor of Accounting | 40.0 | 158811 | 0 | 12731 | X | ||
| Kimberly Burke | |||||||
| Professor of Accounting | 40.0 | 161535 | 0 | 26384 | X | ||
| Robert McElvaine | |||||||
| Professor of History | 40.0 | 116080 | 0 | 25749 | X | ||
| Penelope Prenshaw | |||||||
| Prof. of Else School of Mgmt | 40.0 | 112951 | 0 | 15752 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1825537 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1078683 | TotalOtherCompensation |
| Number Individuals GT100 K | 16 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Harrell Contracting Group LLC | |||||
| PO Box 12850 | JACKSON | MS | 39236 | Construction | 7404480 |
| Valley Innovative Services | |||||
| PO Box 5454 | JACKSON | MS | 39288 | Food Services | 2161257 |
| Partners Associates Inc | |||||
| 510 Union Avenue | KNOXVILLE | TN | 37902 | Developer | 398506 |
| GLAHI Trust | |||||
| 200 S Sacker Drive | CHICAGO | IL | 60606 | Insurance | 1994390 |
| EIIA Inc | |||||
| 200 South Wacker Drive Ste 1000 | CHICAGO | IL | 60606 | Insurance | 396716 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 21 | NumberOfContractorsGT100K |
| Related Organizations | 285288 | RelatedOrganizations |
| Government Grants | 1396543 | GovernmentGrants |
| All Other Contributions | 3611527 | AllOtherContributions |
| Noncash Contributions | 207232 | NoncashContributions |
| Total Contributions | 5293358 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 28845174 | 28845174 |
| SALES AND SERVICES AUXILIARY ENTERPRISES | 611710 | 5237248 | 5237248 |
| INCOME FROM FUNDS HELD IN TRUST BY OTHERS | 900099 | 420079 | 420079 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34502501 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2045309 | TotalRevenueColumn |
| Unrelated Business Revenue | 18213 | UnrelatedBusinessRevenue |
| Exclusion | $2,027,096 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 399 | TotalRevenueColumn |
| Exclusion | $399 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10000 | TotalRevenueColumn |
| Exclusion | $10,000 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 54911 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 54911 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54911 | TotalRevenueColumn |
| Exclusion | $54,911 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 35020702 | Securities |
| Other | 231782 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 36197633 | Securities |
| Other | 233000 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1176931 | Securities |
| Other | -1218 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1178149 | TotalRevenueColumn |
| Exclusion | -$1,178,149 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 3705175 | GrossSalesOfInventory |
| Cost Of Goods Sold | 2008441 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1696734 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1696734 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| LAWSUIT SETTLEMENT | 900099 | 125000 | $125,000 |
| COKE CONTRACT PAYMENTS | 900099 | 60400 | $60,400 |
| ABESTOS SETTLEMENT | 900099 | 51736 | $51,736 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48990 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15501 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -154 | UnrelatedBusinessRevenue |
| Exclusion | $33,643 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 286126 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 42711189 | TotalRevenueColumn |
| Related Or Exempt Function Income | 36214736 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 18059 | UnrelatedBusinessRevenue |
| Exclusion | $1,185,036 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17236241 | Total |
| Program Services | 17236241 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50772 | Total |
| Program Services | 50772 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1101415 | Total |
| Program Services | 228273 | ProgramServices |
| Management And General | 684928 | ManagementAndGeneral |
| Fundraising | 188214 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14898345 | Total |
| Program Services | 12201380 | ProgramServices |
| Management And General | 1867101 | ManagementAndGeneral |
| Fundraising | 829864 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 479924 | Total |
| Program Services | 396401 | ProgramServices |
| Management And General | 59488 | ManagementAndGeneral |
| Fundraising | 24035 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1602426 | Total |
| Program Services | 1134091 | ProgramServices |
| Management And General | 468335 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1056144 | Total |
| Program Services | 831015 | ProgramServices |
| Management And General | 168074 | ManagementAndGeneral |
| Fundraising | 57055 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45709 | Total |
| Management And General | 45709 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115475 | Total |
| Management And General | 115475 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39262 | Total |
| Fundraising | 39262 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 343645 | Total |
| Program Services | 222415 | ProgramServices |
| Management And General | 121230 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 726657 | Total |
| Program Services | 275884 | ProgramServices |
| Management And General | 409702 | ManagementAndGeneral |
| Fundraising | 41071 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2736612 | Total |
| Program Services | 2172542 | ProgramServices |
| Management And General | 497168 | ManagementAndGeneral |
| Fundraising | 66902 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 423924 | Total |
| Program Services | 84560 | ProgramServices |
| Management And General | 339364 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2635705 | Total |
| Program Services | 2635705 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1461856 | Total |
| Program Services | 1142406 | ProgramServices |
| Management And General | 217141 | ManagementAndGeneral |
| Fundraising | 102309 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 564105 | Total |
| Program Services | 296954 | ProgramServices |
| Management And General | 267151 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1401725 | Total |
| Program Services | 1401725 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3532452 | Total |
| Program Services | 3532452 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 603051 | Total |
| Management And General | 603051 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| TELEPHONE | 157330 | 20590 | 136136 | 604 |
| POSTAGE | 206383 | 92219 | 76135 | 38029 |
| EQUIPMENT RENTAL & MAINT. | 98299 | 72719 | 19047 | 6533 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51517457 | Total |
| Program Services | 44028344 | ProgramServices |
| Management And General | 6095235 | ManagementAndGeneral |
| Fundraising | 1393878 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8918316 | BOY |
| EOY | 4481444 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 597276 | BOY |
| EOY | 1523398 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6866894 | BOY |
| EOY | 5088506 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 492380 | BOY |
| EOY | 537793 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2654957 | BOY |
| EOY | 2482339 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 654031 | BOY |
| EOY | 725833 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 96136560 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 59599090 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36514781 | BOY |
| EOY | 36537470 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48647969 | BOY |
| EOY | 54159926 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17255218 | BOY |
| EOY | 20426926 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22552961 | BOY |
| EOY | 19187483 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145154783 | BOY |
| EOY | 145151118 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6283919 | BOY |
| EOY | 4331185 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2233550 | BOY |
| EOY | 2610177 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31384000 | BOY |
| EOY | 30670000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382662 | BOY |
| EOY | 334484 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543456 | BOY |
| EOY | 436500 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4726657 | BOY |
| EOY | 5822953 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45554244 | BOY |
| EOY | 44205299 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21563036 | BOY |
| EOY | 20711086 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24020165 | BOY |
| EOY | 25217010 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54017338 | BOY |
| EOY | 55017723 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99600539 | BOY |
| EOY | 100945819 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145154783 | BOY |
| EOY | 145151118 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 73354213 | BeginningOfYearBalance |
| Contributions | 1129261 | Contributions |
| Investment Earnings Or Losses | 12743174 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3221296 | GrantsOrScholarships |
| Other Expenditures | 1947092 | OtherExpenditures |
| End Of Year Balance | 82058260 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 91555006 | BeginningOfYearBalance |
| Contributions | 3966083 | Contributions |
| Investment Earnings Or Losses | -15834787 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3096335 | GrantsOrScholarships |
| Other Expenditures | 3235754 | OtherExpenditures |
| End Of Year Balance | 73354213 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.37000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.50000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 411185 | OtherCostOrOtherBasis |
| Book Value | 411185 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 74893504 | OtherCostOrOtherBasis |
| Depreciation | 42344202 | Depreciation |
| Book Value | 32549302 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18142562 | OtherCostOrOtherBasis |
| Depreciation | 15511132 | Depreciation |
| Book Value | 2631430 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2689309 | OtherCostOrOtherBasis |
| Depreciation | 1743756 | Depreciation |
| Book Value | 945553 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 36537470 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PRIVATELY HELD STOCK | Description |
| Book Value | 20426926 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 20426926 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDS HELD IN TRUST | 11539703 |
| INVESTMENT IN MILLSAPS DEV INC | 3458596 |
| CASH SURRENDER VALUE LIFE INS | 1358927 |
| INVESTMENT HELD UNDER NOTE IND | 2830257 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 19187483 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIABILITY FOR FINANCIAL INSTRUMENT | $3,730,756 |
| LIABILITY FOR ASSET RETIREMENT | $279,763 |
| ADVANCE UNDER GOVERNMENT LOANS | $1,812,434 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5822953 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 their 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. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE POLICY IS PUBLICIZED THROUGH CATALOGS, THE WEBSITE, AND ANY PUBLICATIONS FOR ADMISSIONS. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | 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. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (9 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| Central America and the Caribbean | Program Services | Study Abroad Program | 43035 |
| East Asia and the Pacific | Program Services | Study Abroad Program | 52660 |
| Europe (Including Iceland and Greenland) | Program Services | Study Abroad Program | 187105 |
| Middle East and North Africa | Program Services | Study Abroad Program | 26336 |
| North America | Program Services | Study Abroad Program | 69394 |
| South America | Program Services | Study Abroad Program | 22759 |
| North America | Program Services | Academic Facilities | 15860 |
| North America | Program Services | Research | 90392 |
| North America | Program Services | Study Abroad Facility | 104747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Amount Spent | 612288 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | North America | Region |
| Purpose Of Grant | Research | PurposeOfGrant |
| Amount Of Cash Grant | 42772 | AmountOfCashGrant |
| Manner Of Cash Disbursement | Wire | MannerOfCashDisbursement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 1 | TotalNumberOf501c3Orgs |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Scholarship | TypeOfAssistance |
| Region | North America | Region |
| Number Of Recipients | 1 | NumberOfRecipients |
| Amount Of Cash Grant | 8000 | AmountOfCashGrant |
| Manner Of Cash Disbursement | Wire | MannerOfCashDisbursement |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I, Line 2: | Identifier |
| Explanation | Procedures are in place for monitoring the use of grant funds outside of the United States. Millsaps sponsors the activities of Kaxil Kiuic, a Mexican nonprofit organization. Kaxil Kiuic is dedicated to preserving the enviornment 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 or 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. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | Ross Johnston Kersting | NameOfIndividual |
| Activity | Fundraising Consultant | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 17120 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 17120 | TotalRetainedByContractors |
| Licensed States | MS | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (12 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Sponsored Scholarships | 158 | 713160 |
| Endowed Scholarships | 295 | 1617493 |
| Other Scholarships | 1059 | 13971488 |
| SEOG | 156 | 195425 |
| Federal ACG Grant | 78 | 60125 |
| Federal Smart Grant | 19 | 60000 |
| LEAP Scholarships | 20 | 28327 |
| MS Tuition Assistance Grant | 247 | 178150 |
| MS Eminent Scholars | 92 | 221250 |
| Critical Need Teachers Scholarship | 2 | 18432 |
| HELP State Grant | 6 | 27804 |
| Federal Work Study | 159 | 144587 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I, Line 2: | Identifier |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frances Lucas | |||||||||||||
| 266731 | 0 | 0 | 0 | 53669 | 0 | 874457 | 0 | 19255 | 0 | 1214112 | 0 | 0 | 0 |
| Jesse Beeler | |||||||||||||
| 158137 | 0 | 0 | 0 | 674 | 0 | 5952 | 0 | 6779 | 0 | 171542 | 0 | 0 | 0 |
| Kimberly Burke | |||||||||||||
| 161420 | 0 | 0 | 0 | 115 | 0 | 5708 | 0 | 20676 | 0 | 187919 | 0 | 0 | 0 |
| Howard McMillan | |||||||||||||
| 152124 | 0 | 0 | 0 | 1763 | 0 | 0 | 0 | 0 | 0 | 153887 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 1a: | Housing Allowance Frances Lucas Housing Allowance Todd Rose Country Club Membership Frances Lucas Personal Services (Maid) Frances Lucas All benefits provided are included in the compensation of the recipient. |
| Part I, Line 4a | Vice President, Todd Rose, received a severance payment of $19,518 upon his termination on October 15, 2009. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mississippi Business Finance Corp | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 640679132 | IssuerEIN |
| Date Issued | 2008-08-05 | DateIssued |
| Issue Price | 31000000 | IssuePrice |
| Description Of Purpose | See Schedule O | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 31000000 | TotalProceeds |
| Amount Unspent | 2479375 | AmountUnspent |
| Issuance Costs From Proceeds | 265304 | IssuanceCostsFromProceeds |
| Capital Expenditures | 13041875 | CapitalExpenditures |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Compass Bank | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 15. | TermOfHedge |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 22 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 207232 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Page 6, Part VI, Section B, Line 11A: | 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 universities. |
| 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. |
| Schedule K, Part I, Line A, Column (f) & Form 990, Part X, Line 20: | On August 5, 2008, the College entered into a loan through the Mississippi Business Finance Corporation in the amount of $31,000,000. The purpose of the tax-exempt loan was to repay the college project bonds of 1998 and to provide financing for new residence halls, renovation of the Christian Center, and other significant deferred maintenance items. |
| Schedule R, Part I, Column (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, Column (B): | Millsaps Development, Inc. - to develop certain of the College's real property as a source of revenue to the college. 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. 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 IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Millco | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 150433 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39210 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640511687 | EIN |
| Primary Activities | See Sch O | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | Province Or StateAddressForeign/ProvinceOrState | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Millsaps Development Inc | ||||||||||||||
| PO Box 150433 | Jackson | MS | 39210 | 237210558 | See Sch O | MS | 501(c)(2) | NA | ||||||
| Millsaps Real Estate Holdings Inc | ||||||||||||||
| PO Box 150433 | Jackson | MS | 39210 | 640833283 | See Sch O | MS | 501(c)(2) | NA | ||||||
| Kaxil Kiuic AC | ||||||||||||||
| See Sch O | NA | Calle 10 No 66 por 7 y 9 | Merida | Yucatan | MX | 97139 | MX | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Millsaps Development Inc | |
| B | 75000 |
| Millsaps Development Inc | |
| C | 285288 |
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