Millsaps College
- Assets
- $206.4m
- Revenue
- $60.5m
- Investments
- $27.9m
- Employees
- 600
- Location
- Jackson, MS
- Founding
- 09/1944
- Data as of
- 06/2021
- EIN
- 64-0303084
Organization Overview
Millsaps College is located in Jackson, MS. The organization was established in 1944. 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, Millsaps College employed 600 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millsaps College 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, Millsaps College generated $60.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $48.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MILLSAPS COLLEGE IS A PRIVATE NONPROFIT LIBERAL ARTS COLLEGE BASED IN JACKSON, MS; PROVIDING EDUCATION AND TRAINING SERVICES FOR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL FACILITIES AND PERSONNEL PROVIDING AN IDEAL ATMOSPHERE FOR LEARNING FOR APPROXIMATELY 739 STUDENTS. THIS IS ACHIEVED WITH ONE TEACHER FOR EVERY 9 STUDENTS AND AN AVERAGE CLASS SIZE OF 12.
AUXILIARY ENTERPRISES INCLUDING THE HOUSING OF 85% OF THE APPROXIMATELY 739 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Pearigen President | Officer | 40 | $279,701 |
Harvey Fiser Interim Dean Else School Mgmt | 40 | $184,554 | |
Dr Keith Dunn Provost & Dean Of The College | Officer | 40 | $166,149 |
Annie Mitchell VP Of Marketing And Communicat | Officer | 40 | $168,476 |
Whitney Emrich VP Of Finance | Officer | 40 | $159,853 |
Guy M Mcclain Assoc. Professor Of Accounting | 40 | $157,511 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporation Food Services | 6/29/22 | $1,798,086 |
Sej Services Llc Cleaning & Maint | 6/29/22 | $700,258 |
Andercorp Llc Construction | 6/29/22 | $637,552 |
Roofing Solutions Llc Construction | 6/29/22 | $371,659 |
Ellucian Inc Software Maintenance | 6/29/22 | $331,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,469,669 |
| Investment income | $2,145,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,600 |
| Net Gain/Loss on Asset Sales | $4,297,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,743,613 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,487,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,845,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $643,006 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,391,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,054,581 |
| Pension plan accruals and contributions | $456,749 |
| Other employee benefits | $814,763 |
| Payroll taxes | $949,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,291 |
| Fees for services: Accounting | $84,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $690,332 |
| Advertising and promotion | $415,467 |
| Office expenses | $2,104,558 |
| Information technology | $808,278 |
| Royalties | $0 |
| Occupancy | $1,869,106 |
| Travel | $473,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,948 |
| Interest | $1,416,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,431,552 |
| Insurance | $236,985 |
| All other expenses | $0 |
| Total functional expenses | $48,944,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,152,731 |
| Savings and temporary cash investments | $18,809,326 |
| Pledges and grants receivable | $3,975,058 |
| Accounts receivable, net | $385,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $994,489 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,547 |
| Investments—publicly traded securities | $77,812,356 |
| Investments—other securities | $27,923,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,015,712 |
| Total assets | $206,414,580 |
| Accounts payable and accrued expenses | $3,645,242 |
| Grants payable | $0 |
| Deferred revenue | $826,166 |
| Tax-exempt bond liabilities | $20,220,696 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,261,778 |
| Unsecured mortgages and notes payable | $1,243,976 |
| Other liabilities | $2,743,469 |
| Total liabilities | $37,941,327 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $168,473,253 |