Milligan University
83% goes to programs $12 to raise $100 Strong reserves
Milligan University is a 501(c)(3) organization based in Milligan, Tennessee, registered in 1947, with $61,430,257 in FY2024 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
Po Box 750, Milligan, TN, 37682 EIN 62-0535755 Since 1947
Revenue (FY2024)
$61.4M
▲ 5.3% vs prior year
Education median: $200K
Expenses (FY2024)
$57.1M
Net assets
$122.5M
Employees
914
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $12 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Milligan University: 83% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Milligan University: 26 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Milligan University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Milligan University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization is a christian liberal arts university.
Contact & location
- Address
- Po Box 750, Milligan, TN, 37682
- City
- Milligan
- State
- Tennessee
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.6M (FY2013) to $61.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.5MNet assets $122.5M
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$136.0M
Total liabilities
$13.5M
Net assets
$122.5M
Salaries & benefits
$19.1M
33% of expenses
Board members
22
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,430,257▲5.3% | $57,086,515▲9.7% | $122,542,236▲5.6% | $136,014,112▲4.4% | 990 |
| 2023 | $58,320,145▲19.7% | $52,036,548▲9.5% | $116,027,103▲8.8% | $130,224,386▲8.9% | 990 |
| 2022 | $48,728,165▼14.8% | $47,523,885▲2.3% | $106,627,883▼1.5% | $119,604,397▼2.0% | 990 |
| 2021 | $57,184,968▲20.6% | $46,446,003▲2.4% | $108,295,332▲1.7% | $122,087,054▼2.1% | 990 |
| 2020 | $47,397,752▲1.8% | $45,360,313▲3.1% | $106,474,532▲15.6% | $124,762,471▲11.9% | 990 |
| 2019 | $46,547,624▲3.8% | $43,980,208▲6.2% | $92,124,485▲2.7% | $111,462,499▲3.4% | 990 |
| 2018 | $44,864,337▲8.4% | $41,423,743▲2.4% | $89,668,611▲1.3% | $107,758,792▲0.6% | 990 |
| 2017 | $41,385,668▲7.3% | $40,433,431▲3.9% | $88,510,475▲3.1% | $107,121,164▲1.8% | 990 |
| 2016 | $38,587,215▼5.0% | $38,903,791▲4.0% | $85,856,018▲3.9% | $105,185,442▲4.3% | 990 |
| 2015 | $40,615,869▲8.8% | $37,405,447▲9.0% | $82,599,194▲19.6% | $100,815,660▲21.4% | 990 |
| 2014 | $37,319,374▼10.3% | $34,301,898▲2.4% | $69,041,651▲4.6% | $83,043,269▲3.1% | 990 |
| 2013 | $41,596,456 | $33,500,486▲8.4% | $66,010,800▲18.1% | $80,560,749▲12.8% | 990 |
| 2012 | — | $30,906,520▲2.4% | $55,914,950▲11.9% | $71,395,938▲24.3% | 990 |
| 2011 | — | $30,195,168▲6.5% | $49,985,727▲10.4% | $57,443,014▲8.3% | 990 |
| 2010 | — | $28,345,877▲7.0% | $45,276,624▲17.2% | $53,034,632▲10.2% | 990 |
| 2009 | — | $26,488,097 | $38,644,118 | $48,142,970 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: William B Greer — $225,562 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William B Greer | Chancellor | 40 | $225,562 |
| Andrew Hull | Director-physician Assistn | 40 | $154,227 |
| Jacqueline Smith | Vp For Business & Finance | 40 | $145,772 |
| Stephen Waers | President | 40 | $122,745 |
| Maureen Knechtel | Assoc Prof of PA Studies | 40 | $113,062 |
| Greg Harrell | Director of Engineering | 40 | $108,922 |
| Christopher Layne | Head Cross-country and Tra | 40 | $108,243 |
| Shane Smith | Assoc Prof of PA Studies | 40 | $102,016 |
| Rhajon Smith | Vp For Inst Advancement | 40 | $99,274 |
| Rich Aubrey | Vp For Academic Affairs | 40 | $94,298 |
| Christian Pope | Athletic Director | 40 | $85,520 |
| Lauren Gullett | Vp For Enrollment Mgmt | 40 | $80,160 |
| Gus Morgan | Vp For Enrollment Mgmt | 40 | $57,875 |
| Anthony Jones | Vp For Student Development | 40 | $39,780 |
| Joshua Little | Director of Ministry Outre | 40 | $35,000 |
| Kit Dotson | Dean of Students | 40 | $22,000 |
| Ron Kastens | Academic Dean of Christian Ministry | 40 | $12,000 |
| Bill Loran | Member | 1 | — |
| Brenda Green | Trustee Rotation | 1 | — |
| Brian Talty | Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pioneer College Caterers | Food Services | $1,571,889 |
| Baseline Sports Construction LLC | Contractor Svcs - Roof | $354,210 |
| Todlow Coach LLC | Charter Bus Services | $293,100 |
| Caylor Solutions | Website Design | $250,475 |
| Building Systems Technology | Wireless Access Installation | $219,299 |
Grants received · $5.9M total
90 grants to Milligan University totaling $5.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Indiana Community Foundation Inc | To be used at the organization's discretion | 2024 | $280,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $100,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $100,000 |
| Greater Manhattan Community Foundation | Education | 2024 | $72,550 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $15,000 |
| The Pittsburgh Foundation | Higher education | 2024 | $11,387 |
| Wellmont Health System | Sponsor health sciences simulation lab | 2023 | $972,950 |
| Central Indiana Community Foundation Inc | To be used at the organization's discretion | 2023 | $200,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $141,500 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $75,000 |
| Ballad Health | Athletics program sponsorship yr 2 & focus wall signage | 2023 | $66,100 |
| Donor Advised Charitable Giving | Education | 2023 | $24,400 |
| The Pittsburgh Foundation | Education | 2023 | $10,952 |
| National Christian Charitable Foundation | Growth | 2023 | $6,500 |
| American Online Giving Foundation Inc | General support | 2023 | $5,255 |
Grants made · $29K in FY2022
2 grants totaling $29K in FY2022. All grants made by Milligan University →
| Recipient | Purpose | Amount |
|---|---|---|
| Basketball Hall of Fame | Hall of fame | $21,800 |
| International Conference On Missions | Missions | $6,700 |
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Compare Milligan University
Frequently asked questions
- Is Milligan University a legitimate nonprofit?
- Yes. Milligan University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0535755, based in Milligan, Tennessee. Donations are tax-deductible.
- What is Milligan University's EIN?
- Milligan University's Employer Identification Number (EIN) is 62-0535755.
- How much revenue does Milligan University report?
- Milligan University reported $61,430,257 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Milligan University's spending goes to programs?
- Milligan University spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Milligan University have?
- CharityIndex grades Milligan University A, based on program efficiency and fundraising cost.
- How much does Milligan University's highest-paid employee make?
- The highest reported compensation on Milligan University's latest Form 990 is $225,562, paid to William B Greer (Chancellor).
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Data for Milligan University (EIN 62-0535755) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.