Totals
- Total revenue
- $88,431,281
- Total expenses
- $89,945,665
- Contributions and grants received
- $11,330,024
- Grants paid
- $37,112,504
- Program service revenue
- $63,922,261
- Investment income
- $12,592,826
- Other revenue
- $586,170
- Total assets, end of year
- $241,732,894
- Total liabilities, end of year
- $33,494,126
- Net assets or fund balances, end of year
- $208,238,768
- Program services expenses (Part IX)
- $82,099,414
- Management and general expenses
- $6,564,415
- Fundraising expenses
- $1,281,836
- Program service expenses (Part III)
- $82,099,414
Program services were 91.3% 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.
-
1c · Fundraising events
$48,493
-
1e · Government grants (contributions)
$473,657
-
1f · All other contributions, gifts and grants
$10,807,874
-
1g · Noncash contributions included above
$1,183,498
-
2a · Program service revenue: TUITION & FEES
total $57,778,126 · related or exempt $57,778,126
-
2b · Program service revenue: AUXILLIARY ENTERPRISE REVENUE
total $5,804,939 · related or exempt $5,804,939
-
2c · Program service revenue: EDUCATIONAL ACTIVITIES REVENUE
total $339,196 · related or exempt $339,196
-
3 · Investment income
total $8,115,927 · unrelated business $27,345 · excluded $8,088,582
-
7a · Gross sales of assets other than inventory
securities $11,359,826 · other assets $247,560
-
7b · Less cost or other basis and sales expenses
securities $7,046,162 · other assets $84,325
-
7c · Gain or loss
securities $4,313,664 · other assets $163,235
-
7d · Net gain or loss
total $4,476,899 · excluded $4,476,899
-
8a · Fundraising events: gross income
$13,625
-
8a · Fundraising events: contributions included on line 1c
$48,493
-
8b · Fundraising events: direct expenses
$16,792
-
8c · Net income from fundraising events
total -$3,167 · excluded -$3,167
-
11a · Other revenue: EMPLOYEE INSURANCE PREMIUMS
total $167,147 · related or exempt $167,147
-
11b · Other revenue: FINES REVENUE
total $102,365 · related or exempt $102,365
-
11d · All other revenue
total $319,825 · related or exempt $319,825
-
11e · Other revenue, total
$589,337
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $37,112,504 · program services $37,112,504
-
5 · Compensation of officers, directors and key employees
total $1,352,896 · management and general $1,217,606 · fundraising $135,290
-
7 · Other salaries and wages
total $17,948,410 · program services $15,311,674 · management and general $2,078,213 · fundraising $558,523
-
8 · Pension plan contributions
total $674,088 · program services $543,092 · management and general $93,071 · fundraising $37,925
-
9 · Other employee benefits
total $3,627,938 · program services $2,922,916 · management and general $500,907 · fundraising $204,115
-
10 · Payroll taxes
total $1,413,796 · program services $1,121,561 · management and general $241,414 · fundraising $50,821
-
11f · Fees: investment management
total $162,867 · management and general $162,867
-
11g · Fees: other
total $89,032 · management and general $89,032
-
12 · Advertising and promotion
total $551,116 · program services $335,478 · management and general $195,726 · fundraising $19,912
-
13 · Office expenses
total $1,083,790 · program services $1,033,846 · fundraising $49,944
-
14 · Information technology
total $1,423,935 · program services $1,059,902 · management and general $364,033
-
16 · Occupancy
total $2,579,529 · program services $2,474,240 · management and general $105,289
-
17 · Travel
total $1,508,883 · program services $1,304,217 · management and general $172,513 · fundraising $32,153
-
20 · Interest
total $816,717 · program services $762,166 · management and general $54,551
-
22 · Depreciation, depletion and amortization
total $6,128,460 · program services $5,719,122 · management and general $409,338
-
23 · Insurance
total $309,351 · program services $288,689 · management and general $20,662
-
24a · Other expenses: EQUIPMENT AND MAINTENAN
total $5,228,954 · program services $4,844,052 · management and general $384,902
-
24b · Other expenses: DINING AND MEALS
total $3,509,593 · program services $3,439,092 · management and general $33,023 · fundraising $37,478
-
24c · Other expenses: BAD DEBT EXPENSE
total $456,544 · program services $426,050 · management and general $30,494
-
24e · All other expenses
total $3,967,262 · program services $3,400,813 · management and general $410,774 · fundraising $155,675
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,147,924 · end of year $1,177,754
-
2 · Savings and temporary cash investments
beginning of year $11,788,622 · end of year $11,780,847
-
3 · Pledges and grants receivable
beginning of year $1,778,893 · end of year $1,878,328
-
4 · Accounts receivable
beginning of year $1,273,931 · end of year $1,572,947
-
7 · Other notes and loans receivable
beginning of year $594,777 · end of year $423,562
-
9 · Prepaid expenses and deferred charges
beginning of year $68,585 · end of year $92,350
-
10a · Land, buildings and equipment: cost or other basis
$212,580,504
-
10b · Land, buildings and equipment: accumulated depreciation
$90,243,854
-
10c · Land, buildings and equipment, net
beginning of year $124,382,087 · end of year $122,336,650
-
11 · Investments: publicly traded securities
beginning of year $78,938,859 · end of year $76,474,211
-
13 · Investments: program-related
beginning of year $14,799,978 · end of year $15,205,790
-
15 · Other assets
beginning of year $9,827,549 · end of year $10,790,455
-
17 · Accounts payable and accrued expenses
beginning of year $3,789,211 · end of year $4,461,971
-
18 · Grants payable
beginning of year $546,618 · end of year $300,135
-
19 · Deferred revenue
beginning of year $3,169,833 · end of year $2,777,928
-
20 · Tax-exempt bond liabilities
beginning of year $18,450,000 · end of year $17,700,000
-
23 · Secured mortgages and notes payable
beginning of year $78,711 · end of year $0
-
25 · Other liabilities
beginning of year $9,066,132 · end of year $8,254,092
-
27 · Net assets without donor restrictions
beginning of year $132,856,137 · end of year $121,716,852
-
28 · Net assets with donor restrictions
beginning of year $80,644,563 · end of year $86,521,916
Mission and programs · 2023
Mission
FOR ALL WHO ASPIRE TO ACHIEVE, MILLIKIN DELIVERS ON THE PROMISE OF EXCELLENCE IN EDUCATION. THROUGH THE INTEGRATION OF THEORY & PRACTICE, WE PREPARE STUDENTS FOR PROFESSIONAL SUCCESS, DEMOCRATIC CITIZENSHIP IN A GLOBAL ENVIRONMENT & A PERSONAL LIFE OF MEANING AND VALUE.
Activities or mission (Part I)
TO OFFER AN EDUCATION THAT INTEGRATES THE LIBERAL AND PRACTICAL ARTS OF THE PROFESSIONS.
-
INSTRUCTION - COST OF ALL INSTRUCTIONAL ACTIVITIES, INCLUDING SCHOLARSHIPS AND GRANTS, FACULTY SALARIES AND FRINGE BENEFITS, CLASSROOM SUPPLIES AND EQUIPMENT, AND OTHER INSTRUCTIONAL EXPENSES.
Expenses $60,758,396 · Grants $37,112,504 · Revenue $57,778,126
-
AUXILIARY EXPENSES - COST OF DINING SERVICES AND RESIDENCE HALL OPERATIONS.
Expenses $8,363,243 · Revenue $5,804,939
-
STUDENT SERVICES - COST OF STUDENT DEVELOPMENT OFFICE, ADMISSIONS, REGISTRAR, FINANCIAL AID, CHAPLAIN, CHOIR, BAND, KIRKLAND FINE ARTS CENTER PROGRAMS, AND INTERCOLLEGIATE ATHLETICS. NUMBER OF PERSONS SERVED DURING THE YEAR FOR PROGRAM SERVICES EQUALS APPROXIMATELY 1,949 STUDENTS.
Expenses $12,977,775 · Revenue $339,196
-
Revenue $589,337
As filed on the 2023 return.
Listed in Part VII
-
TANYA ANDRICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RANDY BLACKBURN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RON BRANCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LEONARD BRINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CINDY DEADRICK-WOLFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHERI EICHELBERGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOB GIVENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JIM GRADY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATT GUFFEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE HORVE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
AMY KEMP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROZ LEECK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF LILLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CASE MCGEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN MCGREEVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS OLSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LARRY OSBORNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DARREN REYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAY SCHLEPPENBACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN SKEFFINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FATHER NICK SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATHY THOMFORDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ZACH UTTICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
REYNOLDS JAMES M
PRESIDENT
- Total calculated
- $449,507
- From this org
- $390,918
- From related orgs
- $0
- Other
- $58,589
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $384,864
- Bonus
- $0
- Other
- $6,054
- Deferred
- $15,125
- Nontaxable benefits
- $43,464
- Filer's total
- $449,507
-
KOTTICH SARAH M
EVP AND CHIEF STRATEGY OFFICER
- Total calculated
- $265,178
- From this org
- $253,824
- From related orgs
- $0
- Other
- $11,354
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,464
- Bonus
- $0
- Other
- $360
- Deferred
- $0
- Nontaxable benefits
- $11,354
- Filer's total
- $265,178
-
BLACK MARY M
PROVOST
- Total calculated
- $162,204
- From this org
- $141,546
- From related orgs
- $0
- Other
- $20,658
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,357
- Bonus
- $0
- Other
- $189
- Deferred
- $7,500
- Nontaxable benefits
- $13,158
- Filer's total
- $162,204
-
BIANCHI GINA L
VP OF ALUMNI AND DEVELOPMENT
- Total calculated
- $145,577
- From this org
- $131,964
- From related orgs
- $0
- Other
- $13,613
- Hours/week
- 40
-
WHITE CRAIG C
ATHLETIC DIRECTOR
- Total calculated
- $126,599
- From this org
- $108,002
- From related orgs
- $0
- Other
- $18,597
- Hours/week
- 40
-
SOUTHERLAND WALLACE AS OF 723
VICE PRESIDENT OF STUDENT AFFAIRS
- Total calculated
- $73,022
- From this org
- $70,000
- From related orgs
- $0
- Other
- $3,022
- Hours/week
- 40
-
RICHTMAN MARGARET AS OF 923
VICE PRESIDENT OF MARKETING
- Total calculated
- $47,048
- From this org
- $44,970
- From related orgs
- $0
- Other
- $2,078
- Hours/week
- 40
-
SILOTTO JODI AS OF 0424
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
SCHROEDER ERIK K
DIRECTOR OF IT
- Total calculated
- $132,910
- From this org
- $126,042
- From related orgs
- $0
- Other
- $6,868
- Hours/week
- 40
-
PODESCHI RICHARD P
DEAN, TABOR SCHOOL
- Total calculated
- $129,393
- From this org
- $116,363
- From related orgs
- $0
- Other
- $13,030
- Hours/week
- 40
-
HUBBARD STACEY L
ASST VP OF ADMIN SERVICES
- Total calculated
- $127,756
- From this org
- $114,764
- From related orgs
- $0
- Other
- $12,992
- Hours/week
- 40
-
CURTIN NANCY J
DEAN, COLLEGE OF ARTS AND SCIENCES
- Total calculated
- $123,333
- From this org
- $110,587
- From related orgs
- $0
- Other
- $12,746
- Hours/week
- 40
-
MUNOZ JOSEPH MARK S
ASSOCIATE PROFESSOR
- Total calculated
- $106,370
- From this org
- $101,000
- From related orgs
- $0
- Other
- $5,370
- Hours/week
- 40
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 · Housing allowance or residence for personal use
- 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
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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)
- PART I, LINE 1A
- AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF THE UNIVERSITY IS REQUIRED TO RESIDE IN CAMPUS HOUSING. THE RESIDENCE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR CARRYING OUT UNIVERSITY BUSINESS. THE UNIVERSITY HAS DETERMINED THAT THE VALUE OF THE USE OF THE PERSONAL RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED IN INTERNAL REVENUE CODE SECTION 119. FOR FISCAL YEAR 2023/2024, THE PRESIDENT'S USE OF THE RESIDENCE IS ESTIMATED AT $36,000. THIS ESTIMATED VALUE IS BASED ON A FAIR RENTAL VALUE OF $3,000 PER MONTH FOR SIMILAR HOUSES IN THE AREA. THIS VALUE INCLUDES MAINTENANCE OF THE PROPERTY, LANDSCAPING, AND SNOW REMOVAL.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501259349300245
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