Mills College
- Assets
- $0.0
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 1,017
- Location
- Boston, MA
- Founding
- 03/1928
- Data as of
- 06/2022
- EIN
- 94-1156566
Organization Overview
Mills College is located in Boston, MA. 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 06/2022, Mills College employed 1,017 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 06/2022, Mills College generated $43.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $80.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2022
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. EFFECTIVE JUNE 30, 2022, THE ORGANIZATION MERGED WITH NORTHEASTERN UNIVERSITY.
Describe the Organization's Program Activity:
WITH A TOTAL ENROLLMENT OF 868 STUDENTS, REPRESENTING 34 STATES AND 12 COUNTRIES, THE COLLEGE PROVIDES INSTRUCTION, RESEARCH, PUBLIC SERVICE, AND ACADEMIC SUPPORT TO 461 UNDERGRADUATE, 379 GRADUATE, AND 28 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 59% OF THE CLASS. THE COLLEGE'S UNDERGRADUATE HISPANIC POPULATION IS 32%, MAKING US ELIGIBLE TO DECLARE AS A HISPANIC-SERVING INSTITUTION (HSI). THE COLLEGE PROVIDES FINANCIAL AID, SCHOLARSHIPS, AND FELLOWSHIPS TO BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS. A TOTAL OF 28% OF OUR STUDENTS RECEIVE CAL GRANTS, AND 44% ARE ELIGIBLE FOR PELL GRANTS. THE PERCENTAGE OF GRADUATE STUDENTS RECEIVING FINANCIAL AID WAS 84%, WITH MILLS PROVIDING $2.8 MILLION IN SCHOLARSHIPS AND GRANTS OUT OF A TOTAL OF $12.7 OF ANY FINANCIAL AID AWARDED TO GRADUATE STUDENTS. EFFECTIVE JUNE 30, 2022, THE ORGANIZATION MERGED WITH NORTHEASTERN UNIVERSITY.
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 Hillman President | OfficerTrustee | 60 | $419,349 |
Katie Sanborn Board Chair | OfficerTrustee | 5 | $0 |
Liz Parker Board Vice Chair | OfficerTrustee | 2 | $0 |
Ophelia Basgal Board Trustee | Trustee | 1 | $0 |
John Brabson Board Trustee | Trustee | 1 | $0 |
Jacki Brown Board Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Lovells Uc Llp Legal Services | 6/29/22 | $1,694,406 |
Bon Appetit (Compass Group) Food Service Provider | 6/29/22 | $1,168,652 |
Impec Group Inc Facility Management | 6/29/22 | $934,545 |
Noodle Partners Inc Online School Resources Provider | 6/29/22 | $554,525 |
Brightspark Travel Inc Travel Management - Tours | 6/29/22 | $249,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,266,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,270,414 |
| Noncash contributions included in lines 1a–1f | $77,238 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,537,101 |
| Total Program Service Revenue | $26,216,699 |
| Investment income | $121,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,496,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,046,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,089,252 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,691,286 |
| Compensation of current officers, directors, key employees. | $1,279,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,258,644 |
| Pension plan accruals and contributions | $502,210 |
| Other employee benefits | $3,987,278 |
| Payroll taxes | $2,496,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,198,270 |
| Fees for services: Accounting | $214,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,840,357 |
| Fees for services: Other | $5,600,253 |
| Advertising and promotion | $24,522 |
| Office expenses | $842,023 |
| Information technology | $1,526,538 |
| Royalties | $0 |
| Occupancy | $7,797,542 |
| Travel | $305,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,424 |
| Interest | $956,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,610,506 |
| Insurance | $939,354 |
| All other expenses | $570,715 |
| Total functional expenses | $80,566,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |