Millikin University

Organization Overview

Millikin University is located in Decatur, IL. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Millikin University employed 1,252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millikin University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Millikin University generated $97.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $95.5m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OFFER AN EDUCATION THAT INTEGRATES THE LIBERAL AND PRACTICAL ARTS OF THE PROFESSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION - COST OF ALL INSTRUCTIONAL ACTIVITIES, INCLUDING SCHOLARSHIPS AND GRANTS, FACULTY SALARIES AND FRINGE BENEFITS, CLASSROOM SUPPLIES AND EQUIPMENT, AND OTHER INSTRUCTIONAL EXPENSES.


AUXILIARY EXPENSES - COST OF DINING SERVICES AND RESIDENCE HALL OPERATIONS.


STUDENT SERVICES - COST OF STUDENT DEVELOPMENT OFFICE, ADMISSIONS, REGISTRAR, FINANCIAL AID, CHAPLAIN, CHOIR, BAND, KIRKLAND FINE ARTS CENTER PROGRAMS, AND INTERCOLLEGIATE ATHLETICS. NUMBER OF PERSONS SERVED DURING THE YEAR FOR PROGRAM SERVICES EQUALS APPROXIMATELY 2,082 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
James Reynolds
President
$279,937
Ruby James
VP Finance
$160,187
Sarah Shupenus
VP Enrollment
$138,170
Randy Brooks
Dean
$129,927
Gina Bianchi
VP Development
$129,283
Pamela Lindsey
Dean
$115,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark Facility Services
Campus Grounds/facilities
$2,729,796
King-lar Company
Construction
$120,595
Jones & Sullivan Enterprises Inc
Construction
$198,324
Asset Consulting Group
Endowment Management
$125,000
Aramark Dining Services
Campus Dining Services
$2,957,695
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,737,745
Investment income $7,398,070
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,458,745
Net Income from Fundraising Events -$2,387
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $97,576,221

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Millikin University has recieved totaling $1,608.

Awarding OrganizationAmount
Peter F & Mary H Loftus Foundation

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$1,608
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$114,323,399
Earnings$7,974,219
Net Contributions$2,333,436
Other Expense$19,899,352
Ending Balance$104,731,702

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