Milligan University
- Assets
- $119.6m
- Revenue
- $48.7m
- Investments
- $0.0
- Employees
- 805
- Location
- Milligan, TN
- Founding
- 04/1947
- Data as of
- 05/2023
- EIN
- 62-0535755
Organization Overview
Milligan University is located in Milligan, TN. 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, Milligan University employed 805 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milligan 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 05/2023, Milligan University generated $48.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $47.5m during the year ending 05/2023. While expenses have increased by 3.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CHRISTIAN LIBERAL ARTS UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHRISTIAN LIBERAL ARTS UNIVERSITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Mayes Member | Trustee | 1 | $0 |
Charles Allcott III Member | Trustee | 1 | $0 |
Tom Banks Member | Trustee | 1 | $0 |
Tommy Burleson Trustee Rotation | Trustee | 1 | $0 |
David Clark Trustee Rotation | Trustee | 1 | $0 |
Dale Clayton Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Services | 5/30/23 | $1,310,545 |
Ellucian Company Information Technology | 5/30/23 | $228,674 |
Clark Higher Ed Name Purcahse/consulting | 5/30/23 | $194,269 |
Us Security Associates Security | 5/30/23 | $141,719 |
Todlow Coach Llc Travel | 5/30/23 | $126,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,955 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,024,011 |
| Noncash contributions included in lines 1a–1f | $1,074,228 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,042,966 |
| Total Program Service Revenue | $38,699,530 |
| Investment income | $1,269,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,616,727 |
| Net Income from Fundraising Events | -$1,761 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $101,514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,728,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,766 |
| Grants and other assistance to domestic individuals. | $17,161,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $16,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,123,898 |
| Compensation of current officers, directors, key employees. | $587,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,520,530 |
| Pension plan accruals and contributions | $699,112 |
| Other employee benefits | $1,012,173 |
| Payroll taxes | $949,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,585 |
| Fees for services: Accounting | $77,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149,928 |
| Fees for services: Other | $1,851,117 |
| Advertising and promotion | $384,830 |
| Office expenses | $1,071,815 |
| Information technology | $905,899 |
| Royalties | $0 |
| Occupancy | $1,435,719 |
| Travel | $1,290,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,041 |
| Interest | $253,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,301,593 |
| Insurance | $437,293 |
| All other expenses | $0 |
| Total functional expenses | $47,523,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,300,434 |
| Savings and temporary cash investments | $6,519,182 |
| Pledges and grants receivable | $4,114,994 |
| Accounts receivable, net | $2,083,807 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $318,309 |
| Inventories for sale or use | $260,720 |
| Prepaid expenses and deferred charges | $46,892 |
| Net Land, buildings, and equipment | $39,394,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $56,787,187 |
| Intangible assets | $0 |
| Other assets | $3,778,750 |
| Total assets | $119,604,397 |
| Accounts payable and accrued expenses | $2,341,881 |
| Grants payable | $0 |
| Deferred revenue | $2,304,700 |
| Tax-exempt bond liabilities | $5,660,793 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,182,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $487,126 |
| Total liabilities | $12,976,514 |
| Net assets without donor restrictions | $44,628,615 |
| Net assets with donor restrictions | $61,999,268 |
| 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 | $119,604,397 |
Grants Awarded
Over the last fiscal year, Milligan University has awarded $28,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BASKETBALL HALL OF FAME PURPOSE: HALL OF FAME | $21,800 |
INTERNATIONAL CONFERENCE ON MISSIONS PURPOSE: MISSIONS | $6,700 |