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Nonprofiteer
← MISSISSIPPI COLLEGE

Form 990 for tax year 2023

Filed by MISSISSIPPI COLLEGE.

Totals

Total revenue
$118,554,281
Total expenses
$125,940,713
Contributions and grants received
$9,103,226
Grants paid
$42,562,892
Program service revenue
$102,174,894
Investment income
$6,900,500
Other revenue
$375,661
Total assets, end of year
$273,930,206
Total liabilities, end of year
$47,213,614
Net assets or fund balances, end of year
$226,716,592
Program services expenses (Part IX)
$108,995,363
Management and general expenses
$15,262,750
Fundraising expenses
$1,682,600
Program service expenses (Part III)
$108,995,363

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,051,491

  • 1f · All other contributions, gifts and grants

    $7,051,735

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Tuition & Fees

    total $79,678,455 · related or exempt $79,678,455 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Auxiliary Services

    total $20,207,662 · related or exempt $20,207,662 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Other Program Revenue

    total $2,288,777 · related or exempt $2,288,777 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,584,014 · related or exempt $0 · unrelated business -$78 · excluded $2,584,092

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $431,428 · personal property $37,791

  • 6b · Less rental expenses

    real property $91,480 · personal property $2,078

  • 6c · Rental income or loss

    real property $339,948 · personal property $35,713

  • 6d · Net rental income or loss

    total $375,661 · related or exempt $0 · unrelated business $35,713 · excluded $339,948

  • 7a · Gross sales of assets other than inventory

    securities $4,358,849 · other assets $357

  • 7b · Less cost or other basis and sales expenses

    securities $42,720 · other assets $0

  • 7c · Gain or loss

    securities $4,316,129 · other assets $357

  • 7d · Net gain or loss

    total $4,316,486 · related or exempt $0 · unrelated business $0 · excluded $4,316,486

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,000 · program services $80,000

  • 2 · Grants to domestic individuals

    total $40,380,828 · program services $40,380,828

  • 3 · Grants to foreign organizations and individuals

    total $2,102,064 · program services $2,102,064

  • 5 · Compensation of officers, directors and key employees

    total $2,511,401 · program services $752,387 · management and general $1,759,014

  • 7 · Other salaries and wages

    total $32,189,089 · program services $26,549,911 · management and general $4,983,580 · fundraising $655,598

  • 8 · Pension plan contributions

    total $4,126,015 · program services $3,403,182 · management and general $638,798 · fundraising $84,035

  • 9 · Other employee benefits

    total $3,241,423 · program services $2,673,562 · management and general $501,844 · fundraising $66,017

  • 10 · Payroll taxes

    total $2,445,802 · program services $2,017,324 · management and general $378,664 · fundraising $49,814

  • 11b · Fees: legal

    total $54,437 · program services $54,437

  • 11c · Fees: accounting

    total $99,125 · management and general $99,125

  • 11e · Fees: professional fundraising services

    total $39,000 · fundraising $39,000

  • 11f · Fees: investment management

    total $93,949 · management and general $93,949

  • 11g · Fees: other

    total $9,789,383 · program services $8,074,390 · management and general $1,515,612 · fundraising $199,381

  • 12 · Advertising and promotion

    total $333,136 · program services $274,774 · management and general $51,577 · fundraising $6,785

  • 13 · Office expenses

    total $3,091,818 · program services $2,550,165 · management and general $478,682 · fundraising $62,971

  • 14 · Information technology

    total $915,577 · program services $755,178 · management and general $141,751 · fundraising $18,648

  • 16 · Occupancy

    total $3,837,067 · program services $3,164,855 · management and general $594,062 · fundraising $78,150

  • 17 · Travel

    total $2,261,120 · program services $1,864,996 · management and general $350,071 · fundraising $46,053

  • 19 · Conferences, conventions and meetings

    total $14,497 · fundraising $14,497

  • 20 · Interest

    total $515,942 · program services $425,555 · management and general $79,879 · fundraising $10,508

  • 22 · Depreciation, depletion and amortization

    total $7,009,122 · program services $5,781,200 · management and general $1,085,166 · fundraising $142,756

  • 23 · Insurance

    total $926,915 · management and general $926,915

  • 24a · Other expenses: Repair and Maintnenance

    total $1,743,572 · program services $1,438,117 · management and general $269,943 · fundraising $35,512

  • 24b · Other expenses: Bad Debt Expense

    total $420,854 · program services $347,125 · management and general $65,157 · fundraising $8,572

  • 24c · Other expenses: Dues & Subscriptions

    total $407,684 · program services $336,262 · management and general $63,118 · fundraising $8,304

  • 24d · Other expenses: ACCREDITATION EXPENSE

    total $55,942 · program services $46,142 · management and general $8,661 · fundraising $1,139

  • 24e · All other expenses

    total $7,254,951 · program services $5,922,909 · management and general $1,177,182 · fundraising $154,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,069,864 · end of year $34,533,772

  • 2 · Savings and temporary cash investments

    beginning of year $2,382,534 · end of year $2,325,154

  • 3 · Pledges and grants receivable

    beginning of year $2,509,934 · end of year $2,375,510

  • 4 · Accounts receivable

    beginning of year $1,120,201 · end of year $583,774

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,952 · end of year $7,251

  • 10a · Land, buildings and equipment: cost or other basis

    $225,935,472

  • 10b · Land, buildings and equipment: accumulated depreciation

    $119,207,354

  • 10c · Land, buildings and equipment, net

    beginning of year $107,132,662 · end of year $106,728,118

  • 11 · Investments: publicly traded securities

    beginning of year $35,905,709 · end of year $40,534,105

  • 12 · Investments: other securities

    beginning of year $68,229,931 · end of year $74,719,667

  • 13 · Investments: program-related

    beginning of year $1,026,916 · end of year $929,114

  • 15 · Other assets

    beginning of year $10,345,304 · end of year $11,193,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,257,755 · end of year $5,549,761

  • 19 · Deferred revenue

    beginning of year $1,191,775 · end of year $1,387,994

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,702,587 · end of year $16,953,471

  • 21 · Escrow or custodial account liability

    beginning of year $297,377 · end of year $306,440

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,645,063 · end of year $6,077,428

  • 25 · Other liabilities

    beginning of year $19,561,459 · end of year $16,938,520

  • 27 · Net assets without donor restrictions

    beginning of year $94,692,614 · end of year $91,274,450

  • 28 · Net assets with donor restrictions

    beginning of year $120,379,377 · end of year $135,442,142

Mission and programs · 2023

Mission

MISSISSIPPI COLLEGE IS A PRIVATE, CO-EDUCATIONAL, COMPREHENSIVE UNIVERSITY OF LIBERAL ARTS AND SCIENCES AND PROFESSIONAL STUDIES DEDICATED TO THE PURSUIT OF ACADEMIC EXCELLENCE. FOUNDED IN 1826, MISSISSIPPI COLLEGE IS THE OLDEST INSTITUTION OF HIGHER LEARNING AND THE LARGEST PRIVATE UNIVERSITY IN THE STATE OF MISSISSIPPI. AS A CHRISTIAN INSTITUTION, MISSISSIPPI COLLEGE VALUES THE INTEGRATION OF FAITH AND LEARNING THROUGHOUT THE EDUCATIONAL PROCESS. MISSISSIPPI COLLEGE STIMULATES THE INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH THE LIBERAL ARTS AND SCIENCES AND CONCENTRATED STUDY IN SPECIALIZED FIELDS, INCLUDING PRE-PROFESSIONAL AND PROFESSIONAL PROGRAMS. FURTHERMORE, THE UNIVERSITY ENVIRONMENT PROMOTES THE SPIRTUAL, SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF ITS STUDENTS AND ENCOURAGES THEM TO UTILIZE THEIR SKILLS, TALENTS, AND ABILITIES AS THEY PURSUE MEANINGFUL CAREERS, LIFE-LONG LEARNING AND SERVICE TO GOD AND OTHERS.

Activities or mission (Part I)

MISSISSIPPI COLLEGE SEEKS TO BE KNOWN AS A UNIVERSITY RECOGNIZED FOR ACADEMIC EXCELLENCE AND COMMITMENT TO THE CAUSE OF CHRIST.

  • EDUCATIONAL AND GENERAL EXPENSES: INSTRUCTION IS PROVIDED TO MORE THAN 5,000 STUDENTS WITH UNDERGRADUTATE, GRADUATE AND DOCTORAL PROGRAMS AND DEGREES. THE UNIVERSITY IS COMMITTED TO EXCELLENCE AND INNOVATION IN TEACHING AND LEARNING. TUITION AND FEE REVENUE ARE USED TO PAY SALARIES OF FACULTY AND STAFF AND PROVIDE TEACHING FACILITIES AND NECESSARY SUPPLIES. GRANTS: THE UNIVERSITY AWARDED OVER $42 MILLION IN FINANCIAL AID TO STUDENTS DURING THE 2023-2024 AID YEAR AND MADE OVER $75,000 IN GRANTS TO ORGANIZATIONS THAT SUPPORT STUDENT MINISTRIES ON CAMPUS.

    Expenses $98,576,652 · Grants $42,562,892 · Revenue $81,967,232

  • AUXILIARY ENTERPRISES: THE UNIVERSITY PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, DINING, BOOKSTORE AND MAIL SERVICES.

    Expenses $10,418,711 · Revenue $20,207,662

As filed on the 2023 return.

Listed in Part VII

  • Dr Ronnie Falvey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mr Bill Sones

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ms Jane Hederman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cong Gregg Harper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian Crawford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Chip Stevens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr David Eldridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Dwayne Pickett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Eddie Donahoe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Jeff Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Marjorie Lenoir

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Robert Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Susan Fortenberry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Judge Tom Lee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Art Stevens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Bob Waller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Gary Watts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Mike Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Oscar Miskelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Paul Moak Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Ralph Barnes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Ronnie Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Roy Fountain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Tony Huffman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Tony Stringer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Wally Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ms Amanda Alexander-Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ms Laverne Edney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ms Tina Fulcher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Barry Corbett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Hugh Plunkett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr James B Thompson

    PRESIDENT

    Total calculated
    $634,371
    From this org
    $585,293
    From related orgs
    $0
    Other
    $49,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,293
    Bonus
    $0
    Other
    $150,000
    Deferred
    $31,650
    Nontaxable benefits
    $17,428
    Filer's total
    $634,371

  • Dr James C Turcotte

    VP Special Assistant to President

    Total calculated
    $157,977
    From this org
    $135,561
    From related orgs
    $0
    Other
    $22,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,561
    Bonus
    $0
    Other
    $0
    Deferred
    $14,005
    Nontaxable benefits
    $8,411
    Filer's total
    $157,977

  • Laura D Jackson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $208,650
    From this org
    $195,000
    From related orgs
    $0
    Other
    $13,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $0
    Other
    $0
    Deferred
    $13,650
    Nontaxable benefits
    $0
    Filer's total
    $208,650

  • Mike Highfield

    EXECUTIVE VP AND PROVOST

    Total calculated
    $162,371
    From this org
    $145,439
    From related orgs
    $0
    Other
    $16,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,439
    Bonus
    $0
    Other
    $0
    Deferred
    $9,356
    Nontaxable benefits
    $7,576
    Filer's total
    $162,371

  • William R Townsend

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $217,137
    From this org
    $189,569
    From related orgs
    $0
    Other
    $27,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,471
    Bonus
    $0
    Other
    $3,098
    Deferred
    $19,102
    Nontaxable benefits
    $8,466
    Filer's total
    $217,137

  • Dr Keith Elder

    PROVOST

    Total calculated
    $295,985
    From this org
    $272,244
    From related orgs
    $0
    Other
    $23,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,244
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $6,241
    Filer's total
    $295,985

  • Dr Marcelo L Eduardo

    DEAN OF BUSINESS SCHOOL

    Total calculated
    $250,461
    From this org
    $220,080
    From related orgs
    $0
    Other
    $30,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,080
    Bonus
    $0
    Other
    $0
    Deferred
    $22,065
    Nontaxable benefits
    $8,316
    Filer's total
    $250,461

  • Dr Stanley A Baldwin

    DEAN OF SCHOOL MATH & SCIENCE

    Total calculated
    $253,600
    From this org
    $219,533
    From related orgs
    $0
    Other
    $34,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,533
    Bonus
    $0
    Other
    $0
    Deferred
    $22,699
    Nontaxable benefits
    $11,368
    Filer's total
    $253,600

  • John P Anderson

    DEAN OF LAW SCHOOL

    Total calculated
    $303,665
    From this org
    $264,293
    From related orgs
    $0
    Other
    $39,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,293
    Bonus
    $0
    Other
    $0
    Deferred
    $24,749
    Nontaxable benefits
    $14,623
    Filer's total
    $303,665

  • Dr Stephen D Martin

    FACULTY

    Total calculated
    $173,455
    From this org
    $144,726
    From related orgs
    $0
    Other
    $28,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,726
    Bonus
    $0
    Other
    $0
    Deferred
    $12,559
    Nontaxable benefits
    $16,170
    Filer's total
    $173,455

  • Jonathan F Will

    FACULTY

    Total calculated
    $160,135
    From this org
    $140,726
    From related orgs
    $0
    Other
    $19,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,726
    Bonus
    $0
    Other
    $0
    Deferred
    $12,943
    Nontaxable benefits
    $6,466
    Filer's total
    $160,135

  • Judith J Johnson

    FACULTY

    Total calculated
    $159,843
    From this org
    $142,386
    From related orgs
    $0
    Other
    $17,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,386
    Bonus
    $0
    Other
    $0
    Deferred
    $10,241
    Nontaxable benefits
    $7,216
    Filer's total
    $159,843

  • Matthew S Steffey

    FACULTY

    Total calculated
    $157,323
    From this org
    $131,823
    From related orgs
    $0
    Other
    $25,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,823
    Bonus
    $0
    Other
    $0
    Deferred
    $13,998
    Nontaxable benefits
    $11,502
    Filer's total
    $157,323

  • Phillip L McIntosh

    FACULTY

    Total calculated
    $166,841
    From this org
    $132,409
    From related orgs
    $0
    Other
    $34,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,409
    Bonus
    $0
    Other
    $0
    Deferred
    $14,867
    Nontaxable benefits
    $19,565
    Filer's total
    $166,841

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE PAYMENTS DESCRIBED ARE ONLY MADE TO THE PRESIDENT. THEY ARE ALL SPECIFICALLY DETAILED IN HIS EMPLOYMENT CONTRACT WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE PRESIDENT OF THE COLLEGE IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AS WELL AS HOUSEKEEPING SERVICES. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THE COLLEGE PAYS FOR CLUB DUES FOR THE PRESIDENT SO THAT HE CAN INTERACT WITH DONORS OF THE COLLEGE. THESE BENEFITS ARE NONTAXABLE. THE PRESIDENT ALSO HAS AN ARRANGEMENT WITH THE COLLEGE WHEREBY HIS DEFERRED COMPENSATION IS TO BE RECEIVED NET OF TAXES WITH THE TAXES BEING PAID BY THE COLLEGE ON HIS BEHALF. THIS DEFERRED COMPENSATION PLAN BECAME FULLY VESTED ON 6/30/2023.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE PRESIDENT OF THE COLLEGE PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THAT VESTED ON 6/30/2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST

    Trust · TRUST · MS · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by MC

  • MARY SHIPP TRUST

    Trust · CHARITABLE · TX · 58.8% owned · share of income $41,655 · share of assets $548,275 · controlled entity

    Directly controlled by MC

Provenance

Return type
form_990
Tax year
2023
Filed
14 April 2025
IRS schema version
2023v6.0
Source object
202531049349301878

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