2021-05-12T09:17:19-05:00 2020-06-30 BKD LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2019-07-01 640303084 Millsaps College % WHITNEY EMRICH MILL 6019741105 PO Box 150433 Jackson MS 39210 WHITNEY EMRICH VP OF FINANCE/ADMIN 6019741100 2021-05-15 true Mary F Overstreet CPA P01270094 6019486700 2019 2022-09-23 18:48:47Z Robert Pearigen PO Box 150433 Jackson MS 39210 74068071 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 40 839 40 -29024 11322513 7110086 40685189 38138876 3633917 3604164 2648322 1933429 58289941 50786555 21517187 20104946 0 0 20034736 17521676 33393 15055 1701236 15686616 14626163 57271932 52267840 1018009 -1481285 175804897 178487613 40075819 43741107 135729078 134746506 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 44968127 20104946 35259063 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 925 students. This is achieved with one teacher for every 9.6 students and an average class size of 12.44. 146133 4689871 Auxiliary enterprises including the housing of 70.49% of the approximately 856 students enrolled. 45114260 true true false false false false false false false true true true false true true false false true true true true true true true true true 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 224 0 839 true true true false false false false true true false 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 307061 0 34799 Robert Alexander VP for Enrollment & Comm 40.0 0.0 X 197684 0 11879 Damon Campbell Associate Professor of MIS 40.0 0.0 X 177177 0 29833 Kimberly Burke Professor of Accounting 40.0 0.0 X 176236 0 30164 Guy M McClain Assoc. Professor of Accounting 40.0 0.0 X 173957 0 29555 Jesse Beeler Professor of Accounting 40.0 0.0 X 193732 0 7353 Dr Keith Dunn Provost & Dean of the College 40.0 0.0 X 167612 0 31640 Hope Carter VP for Inst. Advancement 40.0 0.0 X 158312 0 31054 Harvey Fiser Professor of Business Law 40.0 0.0 X 152472 0 14353 Whitney Emrich VP of Finance 40.0 0.0 X 107484 0 28357 Demi Brown Dean of Students 40.0 0.0 X 90047 0 12644 Paul Benton Trustee 1.0 0.0 X 0 0 0 Rev Warren Black 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 Robert L Lyle Trustee 1.0 0.0 X 0 0 0 Ryan Beckett Trustee 1.0 0.0 X 0 0 0 Susan Eskridge Frazier Trustee 1.0 0.0 X 0 0 0 Joseph T Reiff 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 John D Durrett 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 Judge James E Graves Jr 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 Paul McNeill 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 Annie Mitchell VP of Marketing and Communicat 40.0 0.0 X 0 0 0 Beth Clarke VP of Enrollment 40.0 0.0 X 0 0 0 1901774 0 261631 23 false true false WG YATES SONS CONSTRUCTION PO BOX 456 PHILADELPHIA MS 39350 CONSTRUCTION 7008458 ARAMARK CORPORATION ARAMARK DALLAS LOCKBOX DALLAS TX 75397 FOOD SERVICES 2624346 EAB PO BOX 603519 CHARLOTTE NC 28260 MARKETING 747889 Academic Technologies Inc 209B Industrial Dr RIDGELAND MS 39157 Technology Services 456419 Prewitt Contract Services Inc PO Box 2268 CLINTON MS 39060 Cleaning & Maint 430828 16 5695 778875 6325516 737692 7110086 Tuition & Fees 611600 32979656 32979656 Sales & Services Auxiliary Enterprises 611710 4689871 4689871 Income from Funds Held in Trust by Others 900099 469349 469349 38138876 3175942 -29024 3204966 0 0 18671 18671 0 18671 18671 22031368 21603146 428222 428222 428222 13280 5695 0 13280 13280 40213 14772 25441 25441 3473656 1663598 1810058 1810058 MISCELLAENOUS REVENUE 900099 65979 65979 65979 50786555 39948934 -29024 3756559 0 19008274 19008274 1096672 1096672 0 1207032 260039 618175 328818 0 14340779 11754279 1841787 744713 509570 407679 85196 16695 451057 381224 59451 10382 1013238 785664 160911 66663 0 64975 64975 84000 84000 0 15055 15055 0 982798 668416 309681 4701 401396 267541 86711 47144 2207246 1900086 290291 16869 727575 578603 124731 24241 0 1941373 1485866 403966 51541 832950 672220 119084 41646 0 63867 49942 9286 4639 1398880 1314948 41966 41966 0 3465878 3257926 103976 103976 253150 38970 213324 856 CONTRACT EXPENSE 822273 605341 193328 23604 REPAIRS & MAINTENANCE 425636 -27349 436025 16960 MISCELLANEOUS EXPENSE 227723 159016 42844 25863 SPECIAL EVENTS 226945 116703 47496 62746 499498 332200 115140 52158 52267840 45114260 5452344 1701236 2795348 2037328 8519497 15890110 2775843 2475582 506495 1439299 0 0 0 0 1334799 1128027 0 0 4020 285472 124683103 75259597 49998767 49423506 52438779 52435096 37259844 29868439 0 0 0 0 20171505 23504754 175804897 178487613 5912817 3389898 0 0 967216 4309984 22405696 21343196 0 0 0 0 5560304 9668486 1422948 1332638 3806838 3696905 40075819 43741107 X 28043044 44029923 107686034 90716583 135729078 134746506 175804897 178487613 X -1481285 -23810 522523 X false true X true true true X 7588884 15050867 6399571 11322513 7110086 47471921 0 0 7588884 15050867 6399571 11322513 7110086 47471921 5424049 42047872 2111768 1147909 845962 3009796 3194613 10310048 0 2222414 3355141 8188944 2559752 1876037 18202288 75984257 193709031 0.55338 0.58019 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90331873 1238649 4456605 2057986 5939651 88029490 93923505 1276562 4814941 3412045 6271090 90331873 93077171 1249188 6538386 2841143 4100097 93923505 89907656 1385272 9549224 3022331 4742650 93077171 92426999 4902937 2477484 3303800 6595964 89907656 0.28000 0.72090 0.00090 true false 411185 411185 104091193 61244172 42847021 13070197 12336499 733698 7110528 1678926 5431602 49423506 Stock 29868439 F 29868439 Funds Held in Trust 13909899 Investment in Millsaps Dev Inc 6506066 Cash Surrender Value Life Ins 3088081 Other Assets 708 23504754 0 Liability for Financial Instrument 2072629 Advance Under Government Loans 997771 Liability for Asset Retirement 296682 Due to Aramark 329823 3696905 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 12487168 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 44625 North America Program Services STUDY ABROAD PROGRAM 34032 North America Program Services ACADEMIC FACILITIES 75637 North America Program Services RESEARCH 29718 North America Program Services GRANTS 1096672 13767852 13767852 North America RESEARCH 59525 WIRE 1 Scholarships 42 1037147 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 FUND, LTD. AND BLACKROCK APPRECIATION FUND IV DOMICILED IN THE CAYMAN ISLANDS. THE BOOK VALUE OF THESE INVESTMENTS AS OF 06/30/2020 WAS $12,487,168. PART IV, LINE 1 MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. NO CASH TRANSFERS MET THE REPORTING REQUIREMENTS FOR FORM 926, AND NO FORMS 926 WERE FILED IN THE YEAR ENDED 6/30/2020. PART IV, LINE 3: MILLSAPS DID NOT MEET REQUIREMENTS TO FILE FORM 5471 DURING THE FISCAL YEAR ENDED 6/30/2020 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. X X X X X X true THE STOCKADE CONSULTING GROUP PHONATHON false 64141 13250 50891 THE STOCKADE CONSULTING GROUP JACK PAEGOOW false 1805 64141 15055 50891 PARKING FOR JSU 7280 7280 BB GUARANTEED 6000 6000 1 5695 5695 18975 5695 13280 13280 40213 13675 1097 true 1.00000 40213 13675 1097 14772 25441 false NOT REQUIRED FOR RAFFLES false true false 1.00000 WHITNEY EMRICH 1701 N STATE STREET JACKSON MS 39210 false WHITNEY EMRICH RECORDKEEPING X false PART I, LINE 2B, COLUMN IV: STOCKADE CONSULTING GROUP, INC. - CONDUCTED A PHONATHON. THERE WERE $64,141 GROSS RECEIPTS GENERATED FROM THIS ACTIVITY. PART II, OTHER EVENTS: THE COLLEGE CONDUCTS A FUNDRAISER WHERE RAFFLE TICKETS ARE SOLD FOR THE CHANCE TO WIN TICKETS TO THE SUGAR BOWL. THE REVENUE AND EXPENSE ASSOCIATED WITH THIS RAFFLE ARE REPORTED IN PART III OF THIS SCHEDULE (GAMING). THE TOTAL REVENUE FROM THIS FUNDRAISER WAS $39,315 AND EXPENSE WAS $14,772 FOR A NET RECEIVED OF $24,543. true Scholarships 793 19008274 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 166399 540 673 9088 22552 199252 Robert Alexander VP for Enrollment & Comm 196956 540 188 10406 1473 209563 Hope Carter VP for Inst. Advancement 157433 540 339 8502 22552 189366 Damon Campbell Associate Professor of MIS 136903 40152 122 7561 22272 207010 Kimberly Burke Professor of Accounting 173792 1800 644 9365 20799 206400 Jesse Beeler Professor of Accounting 133709 59429 594 6818 535 201085 Dr Robert Pearigen President 300191 1750 5120 14000 20799 341860 Guy M McClain Assoc. Professor of Accounting 127007 46788 162 7003 22552 203512 Harvey Fiser Professor of Business Law 98902 53421 149 5578 8775 166825 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 9600000 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 98 737182 FMV X Personal Property 1 510 FMV false true false 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: ELIMINATION OF MDI 154,911 INCREASE IN CASH SURRENDER VALUE 104,101 CHANGE IN VALUE IN SPLIT INTERESTS (116,191) CHANGE IN INTEREST RATE SWAP (200,814) CHANGE IN BENEFICIAL TRUST 490,427 Book/Tax Difference in K-1s 90,089 TOTAL - OTHER CHANGES IN FUND BALANCE $ 522,523 Millco PO Box 150433 Jackson MS 39210 640511687 SEE PART VII MS 0 Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 SEE PART VII MS 501(c)(2) N/A true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 SEE PART VII MS 501(c)(2) N/A true KAXIL KIUIC AC CALLE 10 NO 66 POR 7 Y 9 9713 MERIDA YUCATAN MX SEE PART VII MX NA true Micas-Kiuic Venture AC Calle 10 No 66 POR 7 Y 9 9713 Merida Yucatan MX SEE PART VII MX NA true false false true false false false false false false false false false false false false false true false MDI 1c 2900000 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 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.