Millsaps College
74% goes to programs $27 to raise $100 Strong reserves Declining revenue
Millsaps College is a 501(c)(3) organization based in Jackson, Mississippi, registered in 1944, with $49,893,046 in FY2023 revenue. CharityIndex grades it A, and it directs about 74% of spending to programs.
1701 N State St, Jackson, MS, 39210 EIN 64-0303084 Since 1944
Revenue (FY2023)
$49.9M
▼ 19.9% vs prior year
Education median: $200K
Expenses (FY2023)
$51.5M
Net assets
$176.8M
Employees
656
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating74% to programs · $27 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 Millsaps College: 74% to programs · $27 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating41 mo reserves · -3% 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 Millsaps College: 41 mo reserves · -3% margin earns a B+ 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 Millsaps College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Millsaps College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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
What they do
Auxiliary enterprises including the housing of 89% of the approximately 659 students enrolled.
Contact & location
- Address
- 1701 N State St, Jackson, MS, 39210
- City
- Jackson
- State
- Mississippi
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $50.3M (FY2013) to $49.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $29.8MNet assets $176.8M
Operating margin
-3.3%
Spent more than it raised in the latest fiscal year.
Total assets
$206.5M
Total liabilities
$29.8M
Net assets
$176.8M
Salaries & benefits
$18.0M
35% of expenses
Board members
40
40 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $49,893,046▼19.9% | $51,520,523▼1.1% | $176,755,519▲4.9% | $206,540,754▲2.6% | 990 |
| 2022 | $62,268,494▲4.8% | $52,097,442▼3.8% | $168,553,638▲7.1% | $201,328,544▲4.9% | 990 |
| 2021 | $59,398,163▼1.8% | $54,131,648▲10.6% | $157,398,820▼6.6% | $191,983,134▼7.0% | 990 |
| 2020 | $60,487,890▲19.1% | $48,944,113▼6.4% | $168,473,253▲25.0% | $206,414,580▲15.6% | 990 |
| 2019 | $50,786,555▼12.9% | $52,267,840▼8.7% | $134,746,506▼0.7% | $178,487,613▲1.5% | 990 |
| 2018 | $58,289,941▼1.1% | $57,271,932▼1.3% | $135,729,078▲2.2% | $175,804,897▲1.0% | 990 |
| 2017 | $58,965,203▼1.8% | $58,036,801▲0.4% | $132,852,914▲3.6% | $174,081,309▲2.0% | 990 |
| 2016 | $60,016,828▲25.2% | $57,779,341▲5.3% | $128,183,967▲13.8% | $170,705,089▲5.2% | 990 |
| 2015 | $47,929,689▼3.2% | $54,881,773▲4.5% | $112,632,087▼10.1% | $162,210,300▼5.8% | 990 |
| 2014 | $49,503,601▼1.7% | $52,499,991▲5.2% | $125,240,632▼9.3% | $172,270,162▼4.4% | 990 |
| 2013 | $50,338,183 | $49,891,885▼1.8% | $138,008,992▲12.0% | $180,214,081▲10.6% | 990 |
| 2012 | — | $50,789,577▼1.6% | $123,260,651▲19.1% | $162,952,226▲11.2% | 990 |
| 2011 | — | $51,640,425▼2.9% | $103,456,154▼9.4% | $146,523,352▼6.0% | 990 |
| 2010 | — | $53,187,874▲3.2% | $114,175,561▲13.1% | $155,807,421▲7.3% | 990 |
| 2009 | — | $51,517,457 | $100,945,819 | $145,151,118 | 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 (FY2023)
Highest-paid: Dr Keith Dunn — $249,731 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Keith Dunn | Interim President | 40 | $249,731 |
| Harvey Fiser | Dean Else School Management | 40 | $222,088 |
| Guy Mcclain | Assoc Professor of Accounting | 40 | $200,281 |
| Whitney Emrich | Vp of Finance | 40 | $179,868 |
| Martin Smith | Vp Institutional Development | 40 | $177,940 |
| Jesse Beeler | Professor of Accounting | 40 | $175,058 |
| Blakely Fender | Professor of Else School | 40 | $168,462 |
| Dr Robert Pearigen | President Through 6/30/2023 | 40 | $160,460 |
| Aaron Pelch | Vp of Enrollment | 40 | $145,540 |
| Timothy Ward | Professor of Chemistry | 40 | $135,526 |
| Stephanie Rolph | Interim Provost and Dean of College | 40 | $133,644 |
| Megan James | Dean of Students | 40 | $118,526 |
| Stacey Gaines | Vp of Marketing and Communication | 40 | $93,769 |
| Amanda Turner | Trustee | 1 | — |
| April Slayden Mitchell | Trustee | 1 | — |
| Ashley Mcphail | Trustee | 1 | — |
| Betsy Stone Walkup | Trustee | 1 | — |
| Bishop Sharma Lewis | Trustee | 1 | — |
| Cary Stockett | Trustee | 1 | — |
| Charles Lathem | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Corporation | Food Services | $2,087,567 |
| Greenbriar Digging Service LP | Digging Services | $823,494 |
| Thompson Brothers Drilling Inc | Drilling Services | $791,987 |
| Sej Services LLC | Cleaning Services | $717,119 |
| Independent Roofing System Inc | Roofing Services | $623,765 |
Grants received · $7.5M total
75 grants to Millsaps College totaling $7.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $513,500 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $55,000 |
| Ayco Charitable Foundation | Education | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $14,376 |
| American Online Giving Foundation Inc | General support | 2024 | $12,064 |
| Charities Aid Foundation America | Charitable donation | 2024 | $11,092 |
| The Bessemer Giving Fund | General support | 2024 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $8,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $6,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $513,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $300,950 |
| Donor Advised Charitable Giving | Education | 2023 | $107,375 |
| Ayco Charitable Foundation | Education | 2023 | $25,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2023 | $19,003 |
Grants made · $12K in FY2016
1 grant totaling $12K in FY2016. All grants made by Millsaps College →
| Recipient | Purpose | Amount |
|---|---|---|
| Pinelake Church Inc | See part iv | $11,998 |
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Frequently asked questions
- Is Millsaps College a legitimate nonprofit?
- Yes. Millsaps College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 64-0303084, based in Jackson, Mississippi. Donations are tax-deductible.
- What is Millsaps College's EIN?
- Millsaps College's Employer Identification Number (EIN) is 64-0303084.
- How much revenue does Millsaps College report?
- Millsaps College reported $49,893,046 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Millsaps College's spending goes to programs?
- Millsaps College spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Millsaps College have?
- CharityIndex grades Millsaps College A, based on program efficiency and fundraising cost.
- How much does Millsaps College's highest-paid employee make?
- The highest reported compensation on Millsaps College's latest Form 990 is $249,731, paid to Dr Keith Dunn (Interim President).
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Explore more
Data for Millsaps College (EIN 64-0303084) 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.