MILLSAPS COLLEGE

JACKSON, MS, 39210-0002 (601) 974-1105 Est. 1890 EIN 64-0303084

B420— Education Form 990 501(c)(3)

www.millsaps.edu

Mission

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.

Financials

Total Revenue

$49,893,046

Total Expenses

$51,520,523

Net Assets

$176,755,519

656 employees 40 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

3.4 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 19.9%

Expenses ↓ 1.1%

Revenue Sources

Contributions 23.7% Earned revenue 61.3% Investment 11.5% Other 4.0%

Expense Breakdown

Program 74.0% Management 19.7% Fundraising 6.3%

Officers & Key Employees (55)

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Grants Received (93)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990 Jul 1, 2023 to Jun 30, 2024	$49,893,046 ↓	$51,520,523	$176,755,519
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$62,268,494 ↑	$52,097,442	$168,553,638
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$59,398,163 ↓	$54,131,648	$157,398,820
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$60,487,890 ↑	$48,944,113	$168,473,253
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$50,786,555 ↓	$52,267,840	$134,746,506
2018 Form 990 Jul 1, 2018 to Jun 30, 2019	$58,289,941 ↓	$57,271,932	$135,729,078
2017 Form 990 Jul 1, 2017 to Jun 30, 2018	$58,965,203	$58,036,801	$132,852,914