Millsaps College
- Assets
- $178.5m
- Revenue
- $50.8m
- Investments
- $29.9m
- Employees
- 681
- Location
- Jackson, MS
- Founding
- 09/1944
- Data as of
- 06/2020
- EIN
- 64-0303084
Organization Overview
Millsaps College is located in Jackson, MS. The organization was established in 1944. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Millsaps College employed 681 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millsaps 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 06/2020, Millsaps College generated $50.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $52.3m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MILLSAPS COLLEGE IS A PRIVATE NONPROFIT LIBERAL ARTS COLLEGE BASED IN JACKSON, MS; PROVIDING EDUCATION AND TRAINING SERVICES FOR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL FACILITIES AND PERSONNEL PROVIDING AN IDEAL ATMOSPHERE FOR LEARNING FOR APPROXIMATELY 711 STUDENTS. THIS IS ACHIEVED WITH ONE TEACHER FOR EVERY 8.28 STUDENTS AND AN AVERAGE CLASS SIZE OF 13.03.
AUXILIARY ENTERPRISES INCLUDING THE HOUSING OF 72.57% OF THE APPROXIMATELY 711 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Pearigen President | Officer | 40 | $281,607 |
Damon Campbell Associate Professor Of Mis | 40 | $199,449 | |
Jesse Beeler Professor Of Accounting | 40 | $182,150 | |
Guy M Mcclain Assoc. Professor Of Accounting | 40 | $175,506 | |
Kimberly Burke Professor Of Accounting | 40 | $173,582 | |
Dr Keith Dunn Provost & Dean Of The College | Officer | 40 | $165,247 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Inc Software Maintenance | 6/29/21 | $316,014 |
Terry Service Inc Repairs & Maint | 6/29/21 | $265,782 |
Aramark Corporation Food Services | 6/29/21 | $1,760,782 |
M And M Services Inc Construction | 6/29/21 | $750,000 |
Sej Services Llc Cleaning & Maint | 6/29/21 | $368,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,110,086 |
| Investment income | $3,175,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,671 |
| Net Gain/Loss on Asset Sales | $428,222 |
| Net Income from Fundraising Events | $13,280 |
| Net Income from Gaming Activities | $25,441 |
| Net Income from Sales of Inventory | $1,810,058 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,786,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $19,008,274 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,096,672 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,207,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,340,779 |
| Pension plan accruals and contributions | $509,570 |
| Other employee benefits | $451,057 |
| Payroll taxes | $1,013,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,975 |
| Fees for services: Accounting | $84,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,055 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $982,798 |
| Advertising and promotion | $401,396 |
| Office expenses | $2,207,246 |
| Information technology | $727,575 |
| Royalties | $0 |
| Occupancy | $1,941,373 |
| Travel | $832,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,867 |
| Interest | $1,398,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,465,878 |
| Insurance | $253,150 |
| All other expenses | $0 |
| Total functional expenses | $52,267,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,037,328 |
| Savings and temporary cash investments | $15,890,110 |
| Pledges and grants receivable | $2,475,582 |
| Accounts receivable, net | $1,439,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,128,027 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $285,472 |
| Investments—publicly traded securities | $52,435,096 |
| Investments—other securities | $29,868,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,504,754 |
| Total assets | $178,487,613 |
| Accounts payable and accrued expenses | $3,389,898 |
| Grants payable | $0 |
| Deferred revenue | $4,309,984 |
| Tax-exempt bond liabilities | $21,343,196 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,668,486 |
| Unsecured mortgages and notes payable | $1,332,638 |
| Other liabilities | $3,696,905 |
| Total liabilities | $43,741,107 |
| 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 | $134,746,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Millsaps College has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Robert And Dee Leggett Foundation Great Falls, VA PURPOSE: SUPPORT OF ARCHAEOLOGY AT KIU | $25,000 |
Endowment Analysis
| Beg. Balance | $88,029,490 |
| Earnings | $23,660,996 |
| Net Contributions | $4,326,072 |
| Other Expense | $4,366,242 |
| Grants | $2,011,256 |
| Ending Balance | $109,639,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Belhaven University Jackson, MS | $91,182,185 | $83,473,318 |
Freed-Hardeman University Henderson, TN | $179,769,242 | $74,019,321 |