Milligan University
- Assets
- $122.1m
- Revenue
- $57.2m
- Investments
- $0.0
- Employees
- 805
- Location
- Milligan, TN
- Founding
- 04/1947
- Data as of
- 05/2022
- 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 05/2022, 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 05/2022, Milligan University generated $57.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $46.4m during the year ending 05/2022. While expenses have increased by 3.1% per year over the past 7 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Greer President | Officer | 40 | $231,607 |
Andrew Hull Director-Physician Assistn | 40 | $138,180 | |
Jacqueline Smith VP For Business & Finance | Officer | 40 | $117,331 |
Christy Isbell Director-Occupational Ther | 40 | $108,163 | |
Christopher Layne Head Cross-Country And Tra | 40 | $102,000 | |
Greg Harrell Director Of Engineering | 40 | $101,619 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bsn Sports Uniforms | 5/30/22 | $162,965 |
Clark Higher Ed Name Purchase/consulting | 5/30/22 | $297,894 |
Pioneer College Caterers Food Services | 5/30/22 | $1,102,500 |
Carolina Green Corp Installed Irrigation System | 5/30/22 | $248,842 |
Comfort Systems Usa Maintain Hvac Systems | 5/30/22 | $127,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,775 |
| Related organizations | $0 |
| Government grants | $5,795,597 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,736,375 |
| Noncash contributions included in lines 1a–1f | $217,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,542,747 |
| Total Program Service Revenue | $37,756,163 |
| Investment income | $967,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,830,427 |
| Net Income from Fundraising Events | -$5,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $93,202 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,184,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,681 |
| Grants and other assistance to domestic individuals. | $16,210,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $927,247 |
| Compensation of current officers, directors, key employees. | $498,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,764,591 |
| Pension plan accruals and contributions | $674,156 |
| Other employee benefits | $1,611,993 |
| Payroll taxes | $912,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,844 |
| Fees for services: Accounting | $75,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $172,505 |
| Fees for services: Other | $1,638,057 |
| Advertising and promotion | $390,165 |
| Office expenses | $922,861 |
| Information technology | $850,196 |
| Royalties | $0 |
| Occupancy | $1,318,924 |
| Travel | $1,044,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,963 |
| Interest | $368,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,334,529 |
| Insurance | $410,575 |
| All other expenses | $0 |
| Total functional expenses | $46,446,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,448,108 |
| Savings and temporary cash investments | $8,737,935 |
| Pledges and grants receivable | $4,141,553 |
| Accounts receivable, net | $1,774,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $438,896 |
| Inventories for sale or use | $276,737 |
| Prepaid expenses and deferred charges | $24,858 |
| Net Land, buildings, and equipment | $40,770,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,760,148 |
| Intangible assets | $0 |
| Other assets | $1,714,501 |
| Total assets | $122,087,054 |
| Accounts payable and accrued expenses | $1,846,668 |
| Grants payable | $0 |
| Deferred revenue | $2,383,280 |
| Tax-exempt bond liabilities | $6,363,233 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,407,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $790,705 |
| Total liabilities | $13,791,722 |
| Net assets without donor restrictions | $47,391,121 |
| Net assets with donor restrictions | $60,904,211 |
| 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 | $122,087,054 |
Grants Awarded
Over the last fiscal year, Milligan University has awarded $14,697 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED LADIES OF MILLIGAN COLLEGE PURPOSE: OPERATIONS | $3,392 |
HOUSTON FOOD BANK PURPOSE: OPERATIONS | $3,225 |
APPALACHIAN CHRISTIAN CAMP PURPOSE: OPERATIONS | $2,500 |
OZARK CHRISTIAN COLLEGE PURPOSE: OPERATIONS | $1,500 |
TEAM EXPANSION PURPOSE: OPERATIONS | $1,450 |
WHOLEHEARTED ORPHANAGE PURPOSE: OPERATIONS | $1,066 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Milligan University has recieved totaling $1,417,971.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $999,230 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $125,000 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA PURPOSE: SEMINARY CHAPEL RENOVATION | $50,000 |
The United Company Foundation Bristol, VA PURPOSE: SEMINARY CHAPEL RENOVATION | $50,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $40,000 |
Endowment Analysis
| Beg. Balance | $60,593,202 |
| Earnings | -$2,052,358 |
| Net Contributions | $1,974,312 |
| Other Expense | $1,581,245 |
| Grants | $7,883,811 |
| Ending Balance | $51,050,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |