2018-05-14T08:28:43-05:00 2017-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2016-07-01 640303084 Millsaps College % H DANIEL HUNGERFORD MILL 6019741100 PO Box 150433 Jackson MS 39210 H DANIEL HUNGERFORD V.P. FOR FIN & ADMIN 6019741100 2018-05-15 true Mary F Overstreet CPA P01270094 6019486700 2016 2022-09-23 18:48:47Z Robert Pearigen PO Box 150433 Jackson MS 39210 87109696 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 38 38 903 38 -198814 -201551 7588884 15050867 36070534 38931100 1934286 2597800 2335985 3437061 47929689 60016828 17902140 19867526 0 0 19807728 20142410 172378 206970 2062766 16999527 17562435 54881773 57779341 -6952084 2237487 162210300 170705089 49578213 42521122 112632087 128183967 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 49697706 19867526 35096422 Educational facilities and personnel providing an ideal atmosphere for learning for approximately 873 students. This is achieved with one teacher for every 9 students and an average class size of 12. 122392 6303096 Auxiliary enterprises including the housing of 84% of the approximately 873 students enrolled. 49820098 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 true true true true false false false false false false false false false false true false false false true true true true false false true 286 0 903 true true true false false false false true true false false false false X 38 38 false false false false false false false true true false false true true true true true true true true true true MS X H DANIEL HUNGERFORD 6019741100 1701 N STATE STREET JACKSON MS 39210 William Goodman III Trustee 1.0 0.0 X 0 0 0 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 Katherine Brady Trustee 1.0 0.0 X 0 0 0 Randy James Trustee 1.0 0.0 X 0 0 0 Claire Dobbs Trustee 1.0 0.0 X 0 0 0 John Lindsey Trustee 1.0 0.0 X 0 0 0 Mike McRee Trustee 0.0 0.0 X 0 0 0 Monte Rector Trustee 1.0 0.0 X 0 0 0 Ward VanSkiver Trustee 1.0 0.0 X 0 0 0 Bud Robinson Jr Trustee 1.0 0.0 X 0 0 0 Carol Biedenharn Trustee 1.0 0.0 X 0 0 0 Paul McNeill Trustee 1.0 0.0 X 0 0 0 Rev Zachary Beasley Trustee 0.0 0.0 X 0 0 0 Rev Jerry Bostick Beam Trustee 1.0 0.0 X 0 0 0 Bill Bynum Trustee 0.0 0.0 X 0 0 0 Mark Freeman Trustee 1.0 0.0 X 0 0 0 Rev Lisa Garvin Trustee 0.0 0.0 X 0 0 0 Judge James E Graves Jr Trustee 1.0 0.0 X 0 0 0 Peder Johnson Trustee 1.0 0.0 X 0 0 0 Rev Geoffrey Joyner Trustee 0.0 0.0 X 0 0 0 Richard Mills Trustee 1.0 0.0 X 0 0 0 Robert C Robbins Trustee 1.0 0.0 X 0 0 0 Rev Joey Shelton Trustee 0.0 0.0 X 0 0 0 Mike Sturdivant Jr Trustee 1.0 0.0 X 0 0 0 Bishop James E Swanson Sr Trustee 1.0 0.0 X 0 0 0 Mack Varner Trustee 1.0 0.0 X 0 0 0 Jean Medley Trustee 1.0 0.0 X 0 0 0 Charles R Lathem Trustee 1.0 0.0 X 0 0 0 Donna Ruth Roberts Trustee 1.0 0.0 X 0 0 0 Ryan Beckett Trustee 1.0 0.0 X 0 0 0 John D Durrett Trustee 1.0 0.0 X 0 0 0 Judy M Guice Trustee 1.0 0.0 X 0 0 0 Roger M Smith Trustee 1.0 0.0 X 0 0 0 Brit Katz VP of Stud Life & Dean of Stud 40.0 0.0 X 102130 0 12406 Dr Keith Dunn Sr. VP for Acad Affairs & Dean 40.0 0.0 X 161699 0 28469 Dr Robert Pearigen President 40.0 0.0 X 347001 0 31640 Terri Hudson VP for Inst. Planning & Assess 40.0 0.0 X 141185 0 6965 Robert Alexander VP for Enrollment & Comm 40.0 0.0 X 192476 0 27480 H Daniel Hungerford VP For Finance 40.0 0.0 X 146908 0 19844 Jesse Beeler Professor of Accounting 40.0 0.0 X 197964 0 14417 Kimberly Burke Dean & Prof. of Accting 40.0 0.0 X 174429 0 27631 Damon Campbell Associate Professor of MIS 40.0 0.0 X 152653 0 26480 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 40.0 0.0 X 138809 0 62878 Harvey Fiser Assoc. Prof. of Business Law 40.0 0.0 X 128163 0 11723 1883417 0 269933 27 false true false ARAMARK CORPORATION ARAMARK DALLAS LOCKBOX DALLAS TX 753978839 FOOD SERVICES 2468527 ROYALL COMPANY 1920 EAST PARHAM RD RICHMOND VA 232282206 ENROLLMENT CONSULT 890879 HELLAS CONSTRUCTION INC 12710 RESEARCH BLVD AUSTIN TX 78759 CONSTRUCTION 432657 PREWITT CONTRACT SERVICES INC PO BOX 2268 CLINTON MS 39060 CLEANING & MAINT 394678 SOUTHERN ELECTRIC CORPORATION 4374A MANGUM DRIVE FLOWOOD MS 39208 ELEC. CONSTRUCTION 312395 17 12092 336964 593769 14108042 1770355 15050867 Tuition & Fees 611600 32168425 32168425 Sales & Services Auxiliary Enterprises 611710 6303096 6303096 Income from Funds Held in Trust by Others 900099 459579 459579 38931100 1112017 -198814 1310831 0 0 35892 35892 0 35892 35892 26552278 25066495 1485783 1485783 1485783 38404 12092 26276 12128 12128 35561 1661 33900 33900 4466854 1998436 2468418 2468418 Transcript Fees 900099 14465 14465 Miscellaneous Revenue 900099 88752 88752 BP OIL SPILL SETTLEMENT 900099 783506 783506 886723 60016828 41399518 -198814 3765257 12716 12716 18936685 18936685 918125 918125 0 1224286 530978 538359 154949 0 15901340 12882114 2102623 916603 534134 439008 77408 17718 1279835 1045422 179580 54833 1202815 976248 157461 69106 0 117958 205 117753 80000 80000 0 206970 206970 0 1146014 993105 152009 900 577050 331023 195066 50961 2853301 2627430 173675 52196 658826 224711 422805 11310 0 2274461 1779941 423793 70727 1272590 1068606 138062 65922 0 146338 103617 33956 8765 1479097 1390351 44373 44373 0 3647391 3428547 109422 109422 208024 208024 Repairs & Maintenance 1360754 1008901 319449 32404 CONTRACT EXPENSE 862844 573778 251005 38061 Special Events 372137 194283 76847 101007 Dues & Subscriptions 141693 66053 47817 27823 363957 288251 46990 28716 57779341 49820098 5896477 2062766 6574436 2259673 6989518 8966987 2485605 8026074 654833 333783 0 0 0 0 2012758 1974909 0 0 126804 0 109887890 74681137 34703650 35206753 52369660 54377414 38834793 40455564 0 0 0 0 17458243 19103932 162210300 170705089 3883235 4058236 0 0 1013430 1099684 25646000 24400696 0 0 0 0 6821949 6324042 1671758 1592428 10541841 5046036 49578213 42521122 X 25183101 25637126 16951964 29333811 70497022 73213030 112632087 128183967 162210300 170705089 X 2237487 7237641 6076752 X false true X true true true X 6626344 9576038 6508180 7588884 15050867 45350313 0 0 6626344 9576038 6508180 7588884 15050867 45350313 866816 44483497 3455638 1407515 1554058 2111768 1147909 9676888 20238 2935 23173 3233658 2490511 1972894 2222414 3355141 13274618 68324992 175382171 0.65106 0.59531 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98576867 1724332 7235041 3022331 4031864 100482045 107550021 3897043 -5152526 3303800 4413871 98576867 116150926 1412052 1464689 4540271 6937375 107550021 104272928 1947486 18490170 4012419 4547239 116150926 85618992 463308 26002944 4121055 3691261 104272928 0.25290 0.58490 0.16220 true false 411185 411185 82785960 56418992 26366968 18490790 16596106 1894684 8199955 1666037 6533916 35206753 Stock 40455564 F 40455564 Funds Held in Trust 12635056 Investment in Millsaps Dev Inc 3833596 Cash Surrender Value Life Ins 2635280 19103932 0 Liability for Financial Instrument 2430000 Advance Under Government Loans 1492598 Liability for Asset Retirement 284196 Due to Aramark 839242 5046036 Part V, Line 4: The intended uses of the endowment are primarily student scholarships, faculty chairs and salaries and academic department 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 16282708 Central America and the Caribbean Program Services STUDY ABROAD PROGRAM 9694 East Asia and the Pacific Program Services STUDY ABROAD PROGRAM 22464 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 191857 Middle East and North Africa Program Services STUDY ABROAD PROGRAM 678 North America Program Services STUDY ABROAD PROGRAM 114398 South America Program Services STUDY ABROAD PROGRAM 3343 North America Program Services ACADEMIC FACILITIES 23521 North America Program Services RESEARCH 46987 North America Program Services GRANTS 918125 17613775 17613775 North America RESEARCH 105136 WIRE 1 Scholarships North America 36 812989 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 I, Line 3: Millsaps College owns an interest in Private Advisors Stable Value Fund, LTD and Magnitude International, hedge funds domiciled in the Cayman Islands. The book value of these investments as of 06/30/2017 was $16,282,708. Part IV, Line 1: MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. ONE OF THE INDIRECT TRANSFERS OF PROPERTY WAS ABOVE THE REPORTING THRESHOLD REQUIRING THE FILING OF FORM 926. Part IV, Line 3: MILLSAPS DID NOT MEET REQUIREMENTS TO FILE FORM 5471 DURING THE FISCAL YEAR ENDED 6/30/2017 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. X X X X X X true ALEXANDER HAAS INC CAMPAIGN CONSULTING false 83800 THE CONVERSE GROUP CAMPAIGN CONSULTING false 100000 WILSON-BENNETT TECHNOLOGY PHONATHON false 64798 21670 43128 64798 205470 43128 GOLF TOURNAMENT 21952 21952 5757 408 857 LIFT A THON 12092 12092 2 16452 16452 19254 50496 12092 38404 5757 408 20111 26276 12128 35561 1661 true 1.00000 35561 1661 1661 33900 MS false NOT REQUIRED FOR RAFFLES false true false 1.00000 H DANIEL HUNGERFORD 1701 N STATE STREET JACKSON MS 39210 false H DANIEL HUNGERFORD RECORDKEEPING X false PART I, LINE 2b, Column iv: Alexander Haas, Inc. - The College has launched a comprehensive fundraising campaign in which Alexander Haas has been engaged to provide campaign counsel and advise on campaign strategy. The Converse Group - Provided support, advice and guidance to the Institutional Advancement team to help develop strategies with the major gift officers for their assigned donors, as well as, support the president in major donor fundraising and manage a specialized portfolio of major donor prospects. The Converse Group also provided support to the Annual Fund team in closing out the fiscal year 2017 campaign. ALEXANDER HAAS, INC AND THE CONVERSE GROUP PLAYED A ROLE IN THE 2017 CAMPAIGN. THEIR COMBINED EFFORTS GENERATED GROSS RECIPTS OF $12,106,998 FOR THE CAMPAIGN. Wilson-Bennett Technology Conducted a Phonathon. There were $64,798 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 SCHEDULE G (GAMING). THE TOTAL REVENUE FROM THIS FUNDRAISER WAS $42,338 AND EXPENSE WAS $20,916 FOR A NET RECEIVED OF $21,422. true Pinelake Church Pinelake - Reservoir 6071 Hwy 25 N Brandon MS 39047 640538192 501(c)(3) 11998 See Part IV 1 Scholarships 798 18936685 Part I, Line 2: Procedures and conditions are designed to ensure that individuals receiving disbursements are adequately investigated to ensure 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 II, Line 1(h): Funding for students' mission trip X X true true X X X X X false false false false false false false false false Jesse Beeler Professor of Accounting 127852 68847 1265 6625 7792 212381 0 Kimberly Burke Dean & Prof. of Accting 174055 0 374 9241 18390 202060 0 Dr Keith Dunn Sr. VP for Acad Affairs & Dean 160280 0 1419 8625 19844 190168 0 Dr Robert Pearigen President 291681 7125 48195 13250 18390 378641 0 Robert Alexander VP for Enrollment & Comm 191228 0 1248 7650 19830 219956 0 Damon Campbell Associate Professor of MIS 123492 29070 91 6660 19820 179133 0 Dr Timothy J Ward Assoc Dean & Prof of Chemistry 86117 52444 248 5392 57486 201687 0 H Daniel Hungerford VP For Finance 127727 10930 8251 0 19844 166752 0 Part I, Line 1A DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN HOUSING ALLOWANCE: ROBERT PEARIGEN AND H. DANIEL HUNGERFORD ALL 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 6490000 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 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 56 1770355 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: BOOK/TAX DIFFERENCE ON UBI INVESTMENTS $ 141,088 ELIMINATION OF MDI 3,498,287 INCREASE IN CASH SURRENDER VALUE 209,741 CHANGE IN VALUE IN SPLIT INTERESTS (26,771) CHANGE IN INTEREST RATE SWAP 1,636,243 CHANGE IN BENEFICIAL TRUST 618,164 TOTAL - OTHER CHANGES IN FUND BALANCE $ 6,076,752 Form 990, Schedule B, Part II, No. 4: The securities below were donated by Donor #4 and were immediately sold. The values given below are the net proceeds received. Symbol/CUSIP "Quantity" NET PROCEEDS ABB 485 $10,133.32 ABBV 165 $10,204.02 ADS 20 $4,526.29 GOOGL 7 $5,569.98 GOOG 24 $18,727.58 AEO 195 $2,864.29 AXP 115 $8,493.76 APC 160 $11,243.75 AAPL 94 $10,911.85 T 245 $10,313.24 ADP 160 $16,443.63 BA 55 $8,508.96 COF 87 $7,507.11 CNK 115 $4,316.82 CSCO 655 $19,831.21 C 130 $7,780.43 CMCSA 195 $13,666.69 DVMT 37 $1,959.95 DOW 115 $6,569.95 ETN 155 $10,387.07 EMR 155 $8,680.55 EOG 55 $5,515.13 FLO 415 $8,129.31 FNB 605 $9,652.38 FTV 57 $3,004.07 GRMN 65 $3,109.93 GM 370 $12,886.71 HPT 335 $10,257.97 INTC 180 $6,469.85 JPM 165 $14,146.30 KMI 380 $7,895.02 KSS 220 $10,849.16 LAMR 100 $6,649.85 MDC 131 $3,338.81 MXIM 105 $4,012.10 MRK 80 $4,658.27 MDP 125 $7,224.85 MSFT 285 $17,712.11 PBCT 295 $5,605.17 PRU 130 $13,419.70 QCOM 278 $18,219.80 RDS.B 190 $10,895.06 RHP 180 $11,095.75 SPY 260 $58,268.72 UNP 75 $7,774.82 UNH 85 $13,652.70 USB 220 $11,339.75 WFC 240 $13,291.70 WRK 145 $7,397.78 WY 325 $9,747.28 Total Net Proceeds $514,860.50 Millco PO Box 150433 Jackson MS 39210 640511687 See Part VII MS 0 0 NA Millsaps Development Inc PO Box 150433 Jackson MS 39210 237210558 See Part VII MS 501(c)(2) NA true Millsaps Real Estate Holdings Inc PO Box 150433 Jackson MS 39210 640833283 See Part VII MS 501(c)(2) NA 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 false true false Millsaps Development Inc c 336964 Net Earnings Kaxil Kiuic AC r 105136 Operating Exp. 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 Puus 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.