Mississippi College
- Assets
- $268.9m
- Revenue
- $113.4m
- Investments
- $71.0m
- Employees
- 1,575
- Location
- Clinton, MS
- Founding
- 02/1947
- Data as of
- 05/2021
- EIN
- 64-0303086
Organization Overview
Mississippi College is located in Clinton, MS. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Mississippi College employed 1,575 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 05/2021, Mississippi College generated $113.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $112.7m during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mississippi College has awarded 44 individual grants totaling $1,142,022. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSISSIPPI COLLEGE SEEKS TO BE KNOWN AS A UNIVERSITY RECOGNIZED FOR ACADEMIC EXCELLENCE AND COMMITMENT TO THE CAUSE OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND GENERAL EXPENSES: INSTRUCTION IS PROVIDED TO MORE THAN 5,000 STUDENTS WITH UNDERGRADUTATE, GRADUATE AND DOCTORAL PROGRAMS AND DEGREES. THE UNIVERSITY IS COMMITTED TO EXCELLENCE AN INNOVATION IN TEACHING AND LEARNING. TUITION AND FEE REVENUE IS USED TO PAY SALARIES OF FACULTY AND STAFF AND PROVIDE TEACHING FACILITIES AND NECESSARY SUPPLIES GRANTS: THE UNIVERSITY AWARDED OVER $35 MILLION IN FINANCIAL AID TO STUDENTS DURING THE 2022-2023 AID YEAR AND MADE OVER $67,500 IN GRANTS TO ORGANIZATIONS THAT SUPPORT STUDENT MINISTRIES ON CAMPUS.
AUXILIARY ENTERPRISES: THE UNIVERSITY PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, DINING, BOOKSTORE AND MAIL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Blake Thompson President | Officer | 50 | $325,602 |
Dr Keith Elder Provost | Officer | 50 | $278,475 |
Dr Stanley Baldwin Dean-School Of Math & Science | Officer | 50 | $219,256 |
John P Anderson Dean Mc Law School | Officer | 50 | $213,551 |
Dr Marcelo Eduardo Dean-School Of Business | Officer | 50 | $214,607 |
William R Townsend Vice President & General Couns | Officer | 50 | $192,118 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliant Construction General Contractors | 5/30/23 | $4,622,417 |
Campus Dining Inc Food Services | 5/30/23 | $3,317,581 |
Academic Partnerships Marketing Services | 5/30/23 | $1,348,750 |
Prewitt Contract Services Inc Cleaning Services | 5/30/23 | $956,794 |
Invision Construction Construction | 5/30/23 | $486,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,869,096 |
| Investment income | $1,463,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,909 |
| Net Gain/Loss on Asset Sales | $539,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,425,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $34,065,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,383,025 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,687,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,093,971 |
| Pension plan accruals and contributions | $4,520,729 |
| Other employee benefits | $2,800,272 |
| Payroll taxes | $2,299,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186,923 |
| Fees for services: Accounting | $91,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,500 |
| Fees for services: Investment Management | $185,406 |
| Fees for services: Other | $6,707,984 |
| Advertising and promotion | $836,785 |
| Office expenses | $3,991,709 |
| Information technology | $915,220 |
| Royalties | $0 |
| Occupancy | $2,875,654 |
| Travel | $843,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,399 |
| Interest | $473,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,383,612 |
| Insurance | $708,947 |
| All other expenses | $0 |
| Total functional expenses | $112,706,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,892,805 |
| Savings and temporary cash investments | $1,854,316 |
| Pledges and grants receivable | $2,600,161 |
| Accounts receivable, net | $3,880,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $173,022 |
| Investments—publicly traded securities | $33,501,475 |
| Investments—other securities | $71,027,441 |
| Investments—program-related | $1,323,105 |
| Intangible assets | $0 |
| Other assets | $11,884,614 |
| Total assets | $268,873,931 |
| Accounts payable and accrued expenses | $5,804,949 |
| Grants payable | $0 |
| Deferred revenue | $1,701,152 |
| Tax-exempt bond liabilities | $10,649,244 |
| Escrow or custodial account liability | $311,194 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,324,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,765,686 |
| Total liabilities | $47,556,681 |
| 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 | $221,317,250 |
Grants Awarded
Over the last fiscal year, Mississippi College has awarded $67,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERVARSITY CHRISTIAN FELLOWSHIP PURPOSE: ON-CAMPUS MINISTRY | $13,500 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: ON-CAMPUS MINISTRY | $31,500 |
REFORMED UNIVERSITY MINISTRIES PURPOSE: ON-CAMPUS MINISTRY | $22,500 |