2022-05-12T10:00:59-05:00 2021-06-30 BKD LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2020-07-01 640303084 Millsaps College % WHITNEY EMRICH MILL 6019741105 PO Box 150433 Jackson MS 39210 WHITNEY EMRICH VP FOR FINANCE/ADMIN 6019741100 2022-05-15 true WHITNEY EMRICH 000000000 Donna W Bruce CPA P00283153 6019486700 3 2020 2022-09-23 18:48:47Z Robert Pearigen PO Box 150433 Jackson MS 39210 72973068 false X www.millsaps.edu X 1890 MS 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 40 40 681 40 -36035 0 7110086 18469669 38138876 33771982 3604164 6442295 1933429 1803944 50786555 60487890 20104946 18488766 0 0 17521676 16667517 15055 0 1558541 14626163 13787830 52267840 48944113 -1481285 11543777 178487613 206414580 43741107 37941327 134746506 168473253 MILLSAPS COLLEGE IS DEDICATED TO ACADEMIC EXCELLENCE, TO OPEN INQUIRY AND FREE EXPRESSION, TO THE EXPLORATION OF FAITH TO INFORM VOCATION, AND TO THE INNOVATIVE SHAPING OF THE SOCIAL, ECONOMIC, AND CULTURAL PROGRESS OF OUR REGION. false false 42063783 18488766 30867991 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. 232528 4647604 Auxiliary enterprises including the housing of 72.57% of the approximately 711 students enrolled. 42296311 true true false false false false false false false true true true false true true false false true true true true true true false false false false false true true true false false false false false false false false false false true false false false true true true true false false true 147 0 true 681 true true true false false false false true true true 1 false false false false false X 40 40 false false false false false false false true true false false true true true true true true true true true true MS X WHITNEY EMRICH 6019741105 1701 N STATE STREET JACKSON MS 39210 X Dr Robert Pearigen President 40.0 0.0 X 281607 0 38989 Damon Campbell Associate Professor of MIS 40.0 0.0 X 199449 0 34110 Guy M McClain Assoc. Professor of Accounting 40.0 0.0 X 175506 0 33842 Kimberly Burke Professor of Accounting 40.0 0.0 X 173582 0 34423 Dr Keith Dunn Provost & Dean of the College 40.0 0.0 X 165247 0 35895 Hope Carter VP for Inst. Advancement 40.0 0.0 X 162402 0 35312 Jesse Beeler Professor of Accounting 40.0 0.0 X 182150 0 7368 Whitney Emrich VP of FInance 40.0 0.0 X 147156 0 34824 Blakely Fender Professor of Else School 40.0 0.0 X 163211 0 14603 Annie Mitchell VP of Marketing and Communicat 40.0 0.0 X 145868 0 30533 Beth Clarke VP of Enrollment 40.0 0.0 X 91109 0 15615 Demi Brown Dean of Students 40.0 0.0 X 91477 0 14271 Paul Benton Trustee 1.0 0.0 X 0 0 0 Jim Coggin Trustee 1.0 0.0 X 0 0 0 Tom Fowlkes Trustee 1.0 0.0 X 0 0 0 Maurice Hall Trustee 1.0 0.0 X 0 0 0 Monica Sethi Harrigill Trustee 1.0 0.0 X 0 0 0 Randy James Trustee 1.0 0.0 X 0 0 0 John Lindsey Trustee 1.0 0.0 X 0 0 0 Amanda Turner Trustee 1.0 0.0 X 0 0 0 Bud Robinson Jr Trustee 1.0 0.0 X 0 0 0 Roger M Smith Trustee 1.0 0.0 X 0 0 0 Ryan Beckett Trustee 1.0 0.0 X 0 0 0 Michael Bourland Trustee 1.0 0.0 X 0 0 0 Katherine B Brady Trustee 1.0 0.0 X 0 0 0 Rev Dr Stephen T Cook Trustee 1.0 0.0 X 0 0 0 Rev Claire Dobbs Trustee 1.0 0.0 X 0 0 0 Mark Freeman Trustee 1.0 0.0 X 0 0 0 Chris Cheek Trustee 1.0 0.0 X 0 0 0 David Marsh Trustee 1.0 0.0 X 0 0 0 Rev Ricky James Trustee 1.0 0.0 X 0 0 0 Holly Powell Lange Trustee 1.0 0.0 X 0 0 0 Rev Steven P Keen Trustee 1.0 0.0 X 0 0 0 Rev Vicki Landrum Trustee 1.0 0.0 X 0 0 0 Charles R Lathem Trustee 1.0 0.0 X 0 0 0 Richard Mills Trustee 1.0 0.0 X 0 0 0 Monte Rector Trustee 1.0 0.0 X 0 0 0 Steve Sansom Trustee 1.0 0.0 X 0 0 0 Donna Ruth Roberts Trustee 1.0 0.0 X 0 0 0 David B Russell Trustee 1.0 0.0 X 0 0 0 Mike Sturdivant Trustee 1.0 0.0 X 0 0 0 Bishop James E Swanson Sr Trustee 1.0 0.0 X 0 0 0 Ward W Van Skiver Trustee 1.0 0.0 X 0 0 0 Penny Sanders Varner Trustee 1.0 0.0 X 0 0 0 Betsy S Walkup Trustee 1.0 0.0 X 0 0 0 Cord Campbell Trustee 1.0 0.0 X 0 0 0 Susan Eskridge Frazier Trustee 1.0 0.0 X 0 0 0 Monty Hamilton Trustee 1.0 0.0 X 0 0 0 David Loper Trustee 1.0 0.0 X 0 0 0 Robert Lyle Trustee 1.0 0.0 X 0 0 0 Rev Joseph T Reiff Trustee 1.0 0.0 X 0 0 0 Cary Stockett Trustee 1.0 0.0 X 0 0 0 Megan James Dean of Students 40.0 0.0 X 0 0 0 1978764 0 329785 21 false true false ARAMARK CORPORATION PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 1760782 M AND M SERVICES INC PO BOX 68431 JACKSON MS 392868431 CONSTRUCTION 750000 SEJ SERVICES LLC 222 W COLEMAN BLVD MOUNT PLEASANT SC 29464 CLEANING & MAINT 368372 ELLUCIAN INC 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 316014 TERRY SERVICE INC PO BOX 1557 RIDGELAND MS 391581557 REPAIRS & MAINT 265782 12 5552963 12916706 690184 18469669 Tuition & Fees 611600 28626306 28626306 Sales & Services Auxiliary Enterprises 611710 4647604 4647604 Income from Funds Held in Trust by Others 611600 498072 498072 33771982 2145064 -36035 2181099 0 0 6600 6600 0 6600 6600 15130333 10833102 4297231 4297231 4297231 0 0 0 0 0 0 3395689 1652076 1743613 1743613 MISCELLANEOUS REVENUE 900099 53731 53731 53731 60487890 35515595 -36035 6538661 0 17845760 17845760 643006 643006 0 1391560 100705 978901 311954 0 13054581 10802833 1556894 694854 456749 382485 66048 8216 814763 693268 89133 32362 949864 721714 163945 64205 0 150291 9262 141029 84000 84000 0 0 0 690332 450569 234188 5575 415467 263326 76532 75609 2104558 1811939 273452 19167 808278 631660 151777 24841 0 1869106 1376179 446011 46916 473081 444597 15109 13375 0 63948 54165 6861 2922 1416713 1331711 42501 42501 0 3431552 3225658 102947 102947 236985 26824 209305 856 CONTRACT EXPENSE 900573 782745 94970 22858 Repairs & Maintenance 324701 168539 145557 10605 Dues & Subscriptions 180962 104719 45731 30512 SPECIAL EVENTS 132231 103934 4832 23465 505052 320713 159538 24801 48944113 42296311 5089261 1558541 2037328 4152731 15890110 18809326 2475582 3975058 1439299 385150 0 0 0 0 1128027 994489 0 0 285472 2547 121176375 75832756 49423506 45343619 52435096 77812356 29868439 27923592 0 0 0 0 23504754 27015712 178487613 206414580 3389898 3645242 0 0 4309984 826166 21343196 20220696 0 0 0 0 9668486 9261778 1332638 1243976 3696905 2743469 43741107 37941327 X 44029923 52563858 90716583 115909395 134746506 168473253 178487613 206414580 X 11543777 15967216 6215754 X false true X true true true X 15050867 6399571 11322513 7110086 18469669 58352706 0 0 15050867 6399571 11322513 7110086 18469669 58352706 4338942 54013764 1346723 884765 2464729 3223637 2187699 10107553 545067 545067 886723 5713530 84483 65979 53731 6804446 75809772 211708380 0.71249 0.62910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88029490 4326072 23660996 2011256 4366242 109639060 90331873 1238649 4456605 2057986 5939651 88029490 93923505 1276562 4814941 3412045 6271090 90331873 93077171 1249188 6538386 2841143 4100097 93923505 89907656 1385272 9549224 3022331 4742650 93077171 0.25000 0.61830 0.13170 true false 411185 411185 103318906 63403983 39914923 11529866 10747976 781890 5916418 1680797 4235621 45343619 Stock 27923592 F 27923592 Funds Held in Trust 16761449 Investment in Millsaps Dev Inc 6800000 Cash Surrender Value Life Ins 3456878 Other Assets -2615 27015712 0 Liability for Financial Instrument 1357270 Advance Under Government Loans 841274 Liability for Asset Retirement 299312 Due to Aramark 245613 2743469 Part V, Line 4: The intended uses of the endowment are primarily student scholarships, faculty chairs and salaries and academic departmental support. Part X, Line 2 MANAGEMENT HAS EVALUATED THE COLLEGE'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART 1, LINE 3: THE POLICY IS PUBLICIZED THROUGH CATALOGS, THE WEBSITE, AND ANY PUBLICATIONS FOR ADMISSIONS. SCHEDULE E, PART 1, LINE 6A FUNDS PROVIDED BY THE UNITED STATES GOVERNMENT UNDER THE FEDERAL PERKINS STUDENT LOAN PROGRAMS ARE FOR REVOLVING LOANS TO QUALIFIED STUDENTS. THESE FUNDS ARE ULTIMATELY REFUNDABLE TO THE GOVERNMENT AND ARE INCLUDED IN LIABILITIES. IN ADDITION, THE COLLEGE ALSO RECEIVES FEDERAL FUNDS RELATED TO UNSUBSIDIZED AND SUBSIDIZED DIRECT LOANS, PLUS LOANS, PELL GRANTS, SEOG GRANTS AND THE FEDERAL WORK STUDY PROGRAM. true Central America and the Caribbean Investments 14036600 North America Program Services ACADEMIC FACILITIES 6600 North America Program Services RESEARCH 40531 North America Program Services GRANTS 643006 14726737 14726737 North America RESEARCH 83200 WIRE Scholarships 24 559806 WIRE true false true false false false Part I, Line 2: Procedures are in place for monitoring the use of grant funds outside the United States. Millsaps sponsors the activities of Kaxil Kiuic, a Mexican Nonprofit Organization. Kaxil Kiuic is dedicated to preserving the environment and the cultural heritage of the Maya by promoting knowledge through educational programs centered at Helen Moyers Biocultural Reserve. Millsaps budgets annually for the funds provided to Kaxil Kiuic and monitors adherence to that budget. The reserve director provides an account of these funds to the reserve Board of Directors. Procedures and conditions are designed to insure that individuals receiving disbursements are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy based on the institution's assessment of academic achievement, financial need, and other similar standards. PART 1, LINE 3: MILLSAPS COLLEGE OWNS AN INTEREST IN MAGNITUDE INTERNATIONAL, HEDGE FUNDS, AND BLACKROCK APPRECIATION FUND IV DOMICILED IN THE CAYMAN ISLANDS. THE BOOK VALUE OF THESE INVESTMENTS AS OF 06/30/2021 WAS $14,036,600. PART IV, LINE 1: MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. THE TRANSFERS OF PROPERTY WERE NOT ABOVE THE REPORTING THRESHOLD OF FORM 926. PART IV, LINE 3: MILLSAPS DID NOT MEET REQUIREMENTS TO FILE FORM 5471 DURING THE FISCAL YEAR ENDED 6/30/2021 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. true Scholarships 697 17845760 Part I, Line 2: Procedures and conditions are designed to insure that individuals receiving disbursements are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy based on the institution's assessment of academic achievement, financial need, and other similar standards. X true true X X X X X false false false false false false false false false Dr Keith Dunn Provost & Dean of the College 164581 0 666 9086 0 26809 0 201142 0 0 0 Hope Carter VP for Inst. Advancement 155798 6000 604 8503 0 26809 0 197714 0 0 0 Damon Campbell Associate Professor of MIS 135190 64137 122 7581 0 26529 0 233559 0 0 0 Kimberly Burke Professor of Accounting 171991 900 691 9367 0 25056 0 208005 0 0 0 Jesse Beeler Professor of Accounting 132193 49363 594 6833 0 535 0 189518 0 0 0 Dr Robert Pearigen President 277813 1221 2573 13933 0 25056 0 320596 0 0 0 Whitney Emrich VP of FInance 147023 0 133 8211 0 26613 0 181980 0 0 0 Annie Mitchell VP of Marketing and Communicat 128952 6375 10541 0 0 30533 0 176401 0 0 0 Guy M McClain Assoc. Professor of Accounting 124244 51100 162 7033 0 26809 0 209348 0 0 0 Blakely Fender Professor of Else School 93292 69784 135 4984 0 9619 0 177814 0 0 0 Part I, Line 1a: DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN ALL NON-EXCLUDABLE BENEFITS PROVIDED ARE INCLUDED IN THE COMPENSATION OF THE RECIPIENTS. A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2008-08-05 31000000 SEE PART VI false false false A 10740000 0 31058702 0 0 0 265304 0 0 14174771 16618627 0 2011 true false true true A false false false false 0 false false false false A false true false false true COMPASS BANK 15. false false false 0 false false A false . SCHEDULE K, PART II, LINE 3: Total proceeds of issue reported on Line 3 includes investment earnings of $58,702. SCHEDULE K, PART I, LINE A, COLUMN (F) & FORM 990, PART X, LINE 20: ON AUGUST 5, 2008, THE COLLEGE ENTERED INTO A LOAN THROUGH THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN THE AMOUNT OF $31,000,000. THE PURPOSE OF THE TAX-EXEMPT LOAN WAS TO REPAY THE COLLEGE PROJECT BONDS OF 1998 AND TO PROVIDE FINANCING FOR NEW RESIDENCE HALLS, RENOVATION OF THE CHRISTIAN CENTER, AND OTHER SIGNIFICANT DEFERRED MAINTENANCE ITEMS. SCHEDULE K, PART V: THE COLLEGE IS IN THE PROCESS OF WRITING PROCEDURES SURROUNDING DEBT ISSUES. X 86 690184 FMV false true false SCHEDULE M, PART 1, LINE 9, COLUMN B THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. Form 990, PAGE 6, PART VI, SECTION B, LINE 11B: The Form 990 is reviewed in detail by the audit committee prior to filing with the IRS. A copy of the Form 990 is then provided to the entire Board prior to filing with the IRS. Form 990, PAGE 6, PART VI, SECTION B, LINE 12C: Board members and officers complete and file a written conflict of interest statement annually. These statements are maintained in the Business office. The Business Office reviews and reports all findings on the Form 990. If a conflict of interest exists, the board member does not vote on the specific issue. FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A&B Compensation for the President is reviewed and approved by the Compensation and Executive Committees of the Board. Compensation for other officers is approved by the President. Compensation for officers is determined from review of market comparisons and performance measurements with other similar institutions. FORM 990, PAGE 6, PART VI, SECTION C, LINE 19 The organization's governing documents and conflict of interest policy are available to the public upon request. FORM 990, PAGE 12, PART XI, LINE 9: OTHER CHANGES IN FUND BALANCE: INCREASE IN CASH SURRENDER VALUE 368,797 CHANGE IN VALUE IN SPLIT INTERESTS 173,525 CHANGE IN INTEREST RATE SWAP 715,359 CHANGE IN BENEFICIAL TRUST 2,496,056 Book/Tax Difference in K-1s 2,462,017 TOTAL - OTHER CHANGES IN FUND BALANCE $ 6,215,754 Millco PO Box 150433 Jackson MS 39210 640511687 SEE PART VII MS 0 0 Millsaps Millsaps Property Holdings LLC 1701 N State Street Jackson MS 39210 SEE PART VII MS 549973 0 MILLSAPS Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 SEE PART VII MS 501(c)(2) MILLSAPS true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 SEE PART VII MS 501(c)(2) MILLSAPS true KAXIL KIUIC AC CALLE 10 NO 66 POR 7 Y 9 9713 MERIDA YUCATAN MX SEE PART VII MX MILLSAPS true Micas-Kiuic Venture AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX SEE PART VII MX MILLSAPS true false false true false false false false false false false false false false false false false false true false MILLSAPS DEVELOPMENT INC 1C 100872 INTERCOMPANY SCHEDULE R, PART I, (1) (B): Millco is a 100% owned subsidiary of Millsaps College. It is currently inactive and had no transactions for the period of this return. SCHEDULE R, PART 1, (2) (B) MILLSAPS PROPERTY HOLDINGS, LLC IS A SINGLE-MEMBER LLC WITH MILLSAPS COLLEGE AS THE SOLE MEMBER. ITS PURPOSE IS TO PERFORM REAL ESTATE ACTIVITIES RELATED TO PROPERTY BEQUEATHED TO MILLSAPS COLLEGE. Schedule R, Part II, Line (1)(B): Millsaps Development, Inc. - to develop certain of the College's real property as a source of revenue to the college. Schedule R, Part II, Line (2)(B): Millsaps Real Estate Holdings, Inc. is a 100% owned subsidiary of Millsaps College. It is currently inactive and had no transactions for the period of this return. Schedule R, Part II, Line (3)(B): Kaxil Kiuic, A.C. manages the Helen Moyers Biocultural Reserve located in the Bolonchen District of the PUUC Region of Yucatan, Mexico. The reserve is a living laboratory where research and education are carried out in an effort to not only acquire knowledge but help sustain the reserve's ecological and cultural resources. It is also a place designed to provide support to the neighboring Maya towns as they confront the challenges of sustaining their own culture and identity. Schedule R, Part II, Line (4)(B): Micas-Kiuic Venture, A.C. owns the 4,000-acre reserve in Mexico's Yucatan Peninsula where the Kaxil Kiuic Biocultural Reserve program is conducted. The reserve contains a wealth of archaeological sites important to the understanding of ancient and modern Maya culture. The Yucatan Program offers faculty and students a living laboratory where they study the relationships among disciplines as varied as biology, English, business, the environment, and archaeology. The Reserve - which demonstrates connections between economic development, environmental policy, and cultural preservation - has become a national model for interdisciplinary studies.