Mills College
- Assets
- $350.1m
- Revenue
- $67.0m
- Investments
- $136.9m
- Employees
- 1,078
- Location
- Oakland, CA
- Founding
- 03/1928
- Data as of
- 06/2021
- EIN
- 94-1156566
Organization Overview
Mills College is located in Oakland, CA. The organization was established in 1928. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Mills College employed 1,078 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mills 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, Mills College generated $67.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $76.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1852 AND LOCATED IN OAKLAND, CALIFORNIA, IN THE HEART OF THE SAN FRANCISCO BAY AREA, MILLS COLLEGE ("THE COLLEGE") IS A LIBERAL ARTS COLLEGE FOR WOMEN AND GENDER NON-BINARY STUDENTS, WITH GRADUATE PROGRAMS FOR ALL GENDERS.
Describe the Organization's Program Activity:
WITH A TOTAL ENROLLMENT OF 1,050 STUDENTS, REPRESENTING 38 STATES AND 12 COUNTRIES, THE COLLEGE PROVIDES INSTRUCTION, RESEARCH, PUBLIC SERVICE, AND ACADEMIC SUPPORT TO 657 UNDERGRADUATE, 387 GRADUATE, AND 5 NON-DEGREE STUDENTS. ON THE UNDERGRADUATE SIDE, STUDENTS OF COLOR REPRESENT 66% OF THE CLASS, AND 44% ARE FIRST-GENERATION STUDENTS; ON THE GRADUATE SIDE, STUDENTS OF COLOR REPRESENT 58% OF THE CLASS. THE COLLEGE PROVIDES FINANCIAL AID, SCHOLARSHIPS, AND FELLOWSHIPS TO BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS. A TOTAL OF 33% OF OUR STUDENTS RECEIVE CAL GRANTS, AND 48% ARE ELIGIBLE FOR PELL GRANTS. THE PERCENTAGE OF GRADUATE STUDENTS RECEIVING FINANCIAL AID WAS 83%, WITH MILLS PROVIDING $2.9 MILLION IN SCHOLARSHIPS AND GRANTS OUT OF A TOTAL OF $13.9 OF ANY FINANCIAL AID AWARDED TO GRADUATE STUDENTS. THE COLLEGE'S UNDERGRADUATE HISPANIC POPULATIONS IS 35%, MAKING US ELIGIBLE TO DECLARE AS A HISPANIC-SERVING INSTITUTION (HSI).
THE COLLEGE PROVIDES AUXILIARY SERVICES, INCLUDING STUDENT HOUSING, FOOD SERVICES, AND OTHER STUDENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth L Hillman President | OfficerTrustee | 60 | $304,428 |
Julia Oparah Provost & Dean Of The Faculty | Officer | 50 | $212,919 |
Maria Cammarata VP For Finance And Admin / Treasurer | Officer | 50 | $188,715 |
Renee Jadushlever VP For Strategic Comms & Operations | Officer | 50 | $180,845 |
Ekaterina Karniouchina Dean, Lokey School / Professor | 40 | $171,652 | |
Wendi S Williams Dean, School Of Educ. / Professor | 40 | $169,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit (Compass Group) Food Service Provider | 6/29/21 | $1,408,537 |
Impec Group Inc Facility Management | 6/29/21 | $954,877 |
Noodle Partners Inc Online School Resourses Provider | 6/29/21 | $697,441 |
Statewide California Electronic Library Electronic Library | 6/29/21 | $321,449 |
Ruffalo Noel Levitz Construction | 6/29/21 | $288,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,919,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,234,895 |
| Noncash contributions included in lines 1a–1f | $289,112 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,154,165 |
| Total Program Service Revenue | $30,402,318 |
| Investment income | $3,234,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,245 |
| Net Gain/Loss on Asset Sales | $18,834,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,976,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,167,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,350,486 |
| Compensation of current officers, directors, key employees. | $983,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,934,161 |
| Pension plan accruals and contributions | $22,988 |
| Other employee benefits | $3,150,374 |
| Payroll taxes | $2,017,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213,478 |
| Fees for services: Accounting | $173,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,717,604 |
| Fees for services: Other | $7,547,582 |
| Advertising and promotion | $172,938 |
| Office expenses | $797,011 |
| Information technology | $1,980,523 |
| Royalties | $0 |
| Occupancy | $9,652,931 |
| Travel | $13,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,564 |
| Interest | $980,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,676,066 |
| Insurance | $515,145 |
| All other expenses | $114,456 |
| Total functional expenses | $76,167,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,480,264 |
| Savings and temporary cash investments | $14,250,223 |
| Pledges and grants receivable | $14,979,969 |
| Accounts receivable, net | $3,080,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,171 |
| Prepaid expenses and deferred charges | $1,372,943 |
| Net Land, buildings, and equipment | $95,006,130 |
| Investments—publicly traded securities | $77,066,946 |
| Investments—other securities | $136,945,312 |
| Investments—program-related | $414,609 |
| Intangible assets | $0 |
| Other assets | $3,492,743 |
| Total assets | $350,121,466 |
| Accounts payable and accrued expenses | $5,874,309 |
| Grants payable | $0 |
| Deferred revenue | $782,820 |
| Tax-exempt bond liabilities | $24,253,909 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,000,000 |
| Unsecured mortgages and notes payable | $1,999,800 |
| Other liabilities | $9,041,621 |
| Total liabilities | $46,952,459 |
| Net assets without donor restrictions | $64,091,751 |
| Net assets with donor restrictions | $239,077,256 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $350,121,466 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Mills College has recieved totaling $1,709,704.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $348,950 |
Barrett Foundation Boulder, CO PURPOSE: MATCHING FUNDING | $300,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $190,000 |
Dirk And Charlene Kabcenell Foundation Mountain View, CA PURPOSE: Education | $150,000 |
Yellow Chair Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT OF MILLS TEACHER SCHOLARS | $125,000 |
Yellow Chair Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT OF MILLS TEACHER SCHOLARS | $125,000 |
Endowment Analysis
| Beg. Balance | $187,318,992 |
| Earnings | $51,172,798 |
| Admin Expense | $1,717,603 |
| Net Contributions | $1,474,369 |
| Other Expense | $10,334,397 |
| Grants | $2,292,026 |
| Ending Balance | $225,622,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |