2024-04-11T10:27:57-05:00 2023-05-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-06-01 640303086 MISSISSIPPI COLLEGE % LAURA JACKSON CFO MISS 6019253206 PO BOX 4051 CLINTON MS 39058 DR BLAKE THOMPSON PRESIDENT 6019253310 2024-03-30 true DR BLAKE THOMPSON 000000000 Amber Sherrill CPA P00748683 5013721040 2 2022 2023-04-26 12:10:37Z DR BLAKE THOMPSON PO BOX 4051 CLINTON MS 39058 103634800 false X WWW.MC.EDU X 1826 MS MISSISSIPPI COLLEGE SEEKS TO BE KNOWN AS A UNIVERSITY RECOGNIZED FOR ACADEMIC EXCELLENCE AND COMMITMENT TO THE CAUSE OF CHRIST. 29 27 1575 50 29153 0 17482565 8175446 92761683 91579388 1857626 2640880 564228 483160 112666102 102878874 35480589 33807239 0 0 42919533 43249417 27000 33000 1689776 33974743 35142188 112401865 112231844 264237 -9352970 267255610 259728007 48388174 44656016 218867436 215071991 X 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. false false 87924864 33807239 76592437 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 AN INNOVATION IN TEACHING AND LEARNING. TUITION AND FEE REVENUE IS USED TO PAY SALARIES OF FACULTY AND STAFF AND PROVIDE TEACHING FACILITIES AND NECESSARY SUPPLIES GRANTS: THE UNIVERSITY AWARDED OVER $35 MILLION IN FINANCIAL AID TO STUDENTS DURING THE 2022-2023 AID YEAR AND MADE OVER $67,500 IN GRANTS TO ORGANIZATIONS THAT SUPPORT STUDENT MINISTRIES ON CAMPUS. 7964194 0 14986951 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. 95889058 true true false false false false false true true true true true false false true false true false true false true false true true false false false true true true true false false false false false false true false true false false false false false false true true true false false true 86 0 true 1575 true true true true UK false false false true true false false false false false false X 29 27 true false false false false false false true true false false false true true true true true true true false MS X LAURA JACKSON CFO 6019253865 200 SCAPITOL STREET CLINTON MS 39056 X DR BLAKE THOMPSON PRESIDENT 50.0 0.0 X 325602 0 70079 DR KEITH ELDER PROVOST 50.0 0.0 X 278475 0 23257 DR STANLEY BALDWIN DEAN-SCHOOL OF MATH & SCIENCE 50.0 0.0 X 219256 0 33570 JOHN P ANDERSON DEAN MC LAW SCHOOL 50.0 0.0 X 213551 0 32544 DR MARCELO EDUARDO DEAN-SCHOOL OF BUSINESS 50.0 0.0 X 214607 0 29733 WILLIAM R TOWNSEND VICE PRESIDENT & GENERAL COUNS 50.0 0.0 X 192118 0 25301 LAURA JACKSON COO/CFO 50.0 0.0 X 195500 0 13685 DEBORAH J CHALLENER FACULTY 50.0 0.0 X 158036 0 33579 DR WAYNE VAN HORN DEAN-CHRISTIAN STUDIES 50.0 0.0 X 154199 0 26365 DR STEPHEN D MARTIN FACULTY 50.0 0.0 X 144252 0 28207 PHILLIP MCINTOSH FACULTY 50.0 0.0 X 137337 0 32480 DR JAMES TURCOTTE VICE PRESIDENT & EXECUTIVE DIR 50.0 0.0 X 138061 0 22238 JUDITH JOHNSON FACULTY 50.0 0.0 X 140724 0 16814 MS AMANDA ALEXANDER-TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 DR CHAD ALTMEYER TRUSTEE 1.0 0.0 X 0 0 0 MS LA'VERNE EDNEY TRUSTEE 1.0 0.0 X 0 0 0 DR DAVID ELDRIDGE TRUSTEE 1.0 0.0 X 0 0 0 MR TONY HUFFMAN TRUSTEE 1.0 0.0 X 0 0 0 DR DWAYNE PICKETT TRUSTEE 1.0 0.0 X 0 0 0 MR MIKE RICE TRUSTEE 1.0 0.0 X 0 0 0 DR CHIP STEVENS TRUSTEE 1.0 0.0 X 0 0 0 MR PERCY THORNTON TRUSTEE 1.0 0.0 X 0 0 0 DR KEN WEATHERSBY TRUSTEE 1.0 0.0 X 0 0 0 REV BARRY CORBETT TRUSTEE 1.0 0.0 X 0 0 0 MS TINA FULCHER TRUSTEE 1.0 0.0 X 0 0 0 CONG GREGG HARPER TRUSTEE 1.0 0.0 X 0 0 0 MS JANE HEDERMAN TRUSTEE 1.0 0.0 X 0 0 0 DR JEFF HOLLAND TRUSTEE 1.0 0.0 X 0 0 0 JUDGE TOM LEE TRUSTEE 1.0 0.0 X 0 0 0 MR PAUL MOAK JR TRUSTEE 1.0 0.0 X 0 0 0 MR RONNIE SMITH TRUSTEE 1.0 0.0 X 0 0 0 DR ROBERT WATSON TRUSTEE 1.0 0.0 X 0 0 0 MR RALPH BARNES TRUSTEE 1.0 0.0 X 0 0 0 DR EDDIE DONAHOE TRUSTEE 1.0 0.0 X 0 0 0 DR RONNIE FALVEY TRUSTEE 1.0 0.0 X 0 0 0 MR ROY FOUNTAIN TRUSTEE 1.0 0.0 X 0 0 0 DR FRANK GUNN TRUSTEE 1.0 0.0 X 0 0 0 MR OSCAR MISKELLY TRUSTEE 1.0 0.0 X 0 0 0 REV HUGH PLUNKETT TRUSTEE 1.0 0.0 X 0 0 0 MR BILL SONES TRUSTEE 1.0 0.0 X 0 0 0 MR ART STEVENS TRUSTEE 1.0 0.0 X 0 0 0 MR TONY STRINGER TRUSTEE 1.0 0.0 X 0 0 0 2511718 0 387852 56 false true false ALLIANT CONSTRUCTION PO BOX 1639 JACKSON MS 39058 GENERAL CONTRACTORS 4622417 CAMPUS DINING INC 200 S CAPITOL STREET CLINTON MS 39058 FOOD SERVICES 3317581 ACADEMIC PARTNERSHIPS 600 N PEARL STREET STE 900 DALLAS TX 75201 MARKETING SERVICES 1348750 PREWITT CONTRACT SERVICES INC 200 S CAPITOL STREET CLINTON MS 39058 CLEANING SERVICES 956794 INVISION CONSTRUCTION 1138 WEEMS ST PEARL MS 39208 CONSTRUCTION 486365 20 2134302 6041144 8175446 Tuition and Fees 611600 74150039 74150039 Auxiliary Services 611710 14986951 14986951 Other Program Revenue 611710 2442398 2442398 91579388 2699599 -70 2699669 0 0 467589 31564 13652 2341 453937 29223 483160 29223 453937 675952 5262 723335 16598 -47383 -11336 -58719 -58719 0 0 0 0 0 0 0 0 0 0 0 0 0 102878874 91579388 29153 3094887 67500 67500 31749341 31749341 1990398 1990398 0 2645663 1510973 1134690 0 30941827 25235134 5036487 670206 4218792 3440708 686704 91380 3131278 2553767 509687 67824 2311857 1885474 376307 50076 0 620 620 86305 86305 0 33000 33000 154981 154981 7444381 6071392 1211743 161246 251343 204987 40912 5444 3200625 2610324 520975 69326 761278 620873 123915 16490 0 3809940 3107261 620155 82524 2335288 1904584 380121 50583 0 20191 20191 390362 318366 63540 8456 0 6818959 5561318 1109941 147700 823377 823377 Repairs & Maintenance 1413453 1152766 230072 30615 Bad Debt Expense 850568 693695 138449 18424 Dues & Subscriptions 338845 276351 55155 7339 Accreditation Expense 42971 35046 6995 930 6398701 4898180 1342499 158022 112231844 95889058 14653010 1689776 43218101 31069864 2475228 2382534 3006027 2509934 655796 1120201 0 0 0 0 0 0 0 0 71343 4952 219474903 112342241 105323620 107132662 33345212 35905709 67657241 68229931 722840 1026916 0 0 10780202 10345304 267255610 259728007 5616363 6257755 0 0 1683574 1191775 14608075 13702587 306022 297377 0 0 4493181 3645063 0 0 21680959 19561459 48388174 44656016 X 91132159 94692614 127735277 120379377 218867436 215071991 267255610 259728007 X -9352970 2530037 3027488 X false true X true true true X 8644281 8721315 15869096 17482565 8175446 58892703 0 0 8644281 8721315 15869096 17482565 8175446 58892703 9677005 49215698 1937131 3017671 1510106 1864589 3167258 11496755 24527 28777 27334 30394 26789 137821 0 70527279 479495889 0.69783 0.65311 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1536756 X X X false false true X 93536425 568236 -7775 3258184 90838702 99527049 813941 -3393277 3411288 93536425 81138471 373503 20476991 2461916 99527049 80010351 263250 3143741 2278871 81138471 79027867 1516614 1596418 2130548 80010351 0.00000 0.76000 0.24000 true false 6418158 6418158 190936122 99136087 91800035 11268691 6015744 5252947 8544516 7190410 1354106 2307416 2307416 107132662 Multi Strategy Bond Fund 9495380 F Multi Strategy Equity Fund 57356291 F Private Equity Fund 54258 F Investments Held By Others 574410 F Other Investments 749592 F 68229931 0 Annuity Obligations 43082 Other Liabilities 19518377 19561459 75397515 2530037 3046277 5576314 69821201 154981 32902692 33057673 102878874 79192960 15993 15993 79176967 154981 32899896 33054877 112231844 FORM 990, SCHEDULE D, PART III, LINE 4 THE GORE GALLERY HOUSES BOTH PERMANENT AND ONGOING ART EXHIBITS AND IS OPEN TO UNIVERSITY STUDENTS AND THE PUBLIC. LOCAL ELEMENTARY AND JUNIOR HIGH PUBLIC SCHOOLS ALSO OFTEN VISIT THE GALLERY. THE GALLERY SUPPORTS THE MISSION OF THE UNIVERSITY BY PROVIDING VALUABLE EXPOSURE TO THE ARTS FOR OUR STUDENTS AND WORKING TO PRESERVE THE ARTS FOR FUTURE GENERATIONS. FORM 990, SCHEDULE D, PART IV, LINE 2B THE COLLEGE HOLDS FUNDS FOR VARIOUS STUDENT CLUBS AND ORGANIZATIONS (AGENCY FUNDS). FORM 990, SCHEDULE D, PART V, LINE 4 THE COLLEGE'S ENDOWMENT FUNDS ARE HELD IN PERPETUITY IN ORDER TO PROVIDE A LONG TERM SOURCE OF INCOME THAT CAN BE USED TO PROVIDE STUDENT SCHOLARSHIPS AND ACADEMIC DEPARTMENTAL SUPPORT. FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED ITS INCOME TAX POSITIONS UNDER GUIDANCE INCLUDED IN ASC 740. BASED ON ITS REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D EQUITY INCOME IN HEALTHPLEX $523,999 CHANGE IN ADDITIONAL MINIMUM PENSION LIABILITIES $2,506,285 RENTAL EXPENSES 15,993 --------------------------------------------------------------------- TOTAL $3,046,277 FORM 990, SCHEDULE D, PART XI, LINE 4B: CHANGE IN VALUE OF SPLIT INTEREST 2,796 TUITION DISCOUNTS SHOWN NET OF TUITION ON FINANCIALS $32,755,399 LOAN FUND EXPENSES $144,497 --------------------------------------------------------------------- TOTAL $32,902,692 FORM 990, SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSES 15,993 FORM 990, SCHEDULE D, PART XII, LINE 4B TUITION DISCOUNTS SHOWN NET OF TUITION ON FINANCIALS $32,755,399 LOAN FUND EXPENSES $144,497 --------------------------------------------------------------------- TOTAL $32,899,896 true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART I, LINE 3 THIS STATEMENT IS PUBLISHED ON AN ANNUAL BASIS IN THE CLARION LEDGER, A HINDS COUNTY, MS NEWSPAPER. FORM 990, SCHEDULE E, PART I, LINE 6A THE ORGANIZATION RECEIVES TITLE IV FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION, STATE OF MISSISSIPPI STUDENT GRANTS, AND RESEARCH GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES. ALL ASSISTANCE IS RELATED TO THE STUDENTS OR THE FURTHERANCE OF THE EDUCATIONAL MISSION OF THE INSTITUTION. THE COLLEGE WAS ALSO AWARDED FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) THROUGH THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSA) AND THE AMERICAN RESCUE PLAN (ARP)TO PROVIDE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS AND TO COVER EXPENSES ASSOCIATED WITH SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO THE CORONAVIRUS. true Central America and the Caribbean 0 0 Grantmaking 149057 East Asia and the Pacific 0 0 Grantmaking 94167 Europe (Including Iceland and Greenland) 0 0 Grantmaking 933378 Middle East and North Africa 0 0 Grantmaking 13500 North America 0 0 Grantmaking 156418 Russia and the Newly Independent States 0 0 Grantmaking 26470 South America 0 0 Grantmaking 332903 South Asia 0 0 Grantmaking 138959 Sub-Saharan Africa 0 0 Grantmaking 145546 Europe (Including Iceland and Greenland) 0 0 PASSIVE INVestments 139703 North America 0 0 Program Services EDUCATIONAL CLASSES 5290 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATIONAL CLASSES 351786 0 0 0 0 2487177 2487177 TUITION ASSISTANCE Europe (Including Iceland and Greenland) 43 933378 CASH TUITION ASSISTANCE Middle East and North Africa 4 13500 CASH TUITION ASSISTANCE North America 7 156418 CASH TUITION ASSISTANCE Russia and the Newly Independent States 2 26470 CASH TUITION ASSISTANCE South America 15 332903 CASH TUITION ASSISTANCE South Asia 43 138959 CASH TUITION ASSISTANCE Sub-Saharan Africa 15 145546 CASH TUITION ASSISTANCE Central America and the Caribbean 15 149057 CASH TUITION ASSISTANCE East Asia and the Pacific 11 94167 CASH false false false false false false SCHEDULE F, PART I, LINE 2 SCHOLARSHIPS ARE VERY SELDOM PAID IN CASH. THE SCHOLARSHIPS(WITH THE EXCEPTION OF A FEW SMALL HONORS DAY AWARDS) ARE PLACED DIRECTLY ON THE STUDENTS' ACCOUNTS AND THE SCHOLARSHIPS NEVER EXCEED THE TOTAL COST OF CHARGES. X X X X X X X true PHILANTHROCORP INC PLANNED GIV false 0 33000 -33000 0 33000 -33000 AL AR CT DC GA KS KY LA MS MO NJ NY NC OK SC TN TX VA WV true INTERVARSITY CHRISTIAN FELLOWSHIP PO BOX 7895 MADISON WI 53907 362171714 501(C)(3) 13500 0 n/a n/a ON-CAMPUS MINISTRY FELLOWSHIP OF CHRISTIAN ATHLETES 8701 LEEDS ROAD KANSAS CITY MO 64129 440610626 501(C)(3) 31500 0 N/A N/A ON-CAMPUS MINISTRY REFORMED UNIVERSITY MINISTRIES 1700 N BROWN RD STE 104 LAWRENCEVILLE GA 30043 237366967 501(C)(3) 22500 0 N/A N/A ON-CAMPUS MINISTRY 3 0 TUITION DISCOUNTS /SCHOLARSHIPS 2793 30697501 CRRSAA AND HEERF 326 1051840 SCHEDULE I, PART I, LINE 2 MONIES GIVEN TO THESE ORGANIZATIONS ARE FOR THE SUPPORT OF ORGANIZATIONS THAT THE COLLEGE ADMINISTRATION BELIEVES IS WORTHY OF THEIR SUPPORT. THE USE OF THE FUNDS IS MONITORED IN THAT THE COLLEGE KNOWS THAT THE SPECIFIC INDIVIDUALS WHO WORK FOR THOSE ORGANIZATIONS ARE ON THE COLLEGE'S CAMPUS MINISTERING TO STUDENTS. REGARDING SCHOLARSHIPS, THESE ARE VERY SELDOM PAID IN CASH. THE SCHOLARSHIPS (WITH THE EXCEPTION OF A FEW SMALL HONORS DAY AWARDS) ARE PLACED DIRECTLY ON THE STUDENTS' ACCOUNTS AND THE SCHOLARSHIPS NEVER EXCEED THE TOTAL COSTS CHARGES. FOR CRRSAA AND HEERF GRANTS THE UNIVERSITY DEVELOPED AN APPLICATION PROCESS FOR AWARDING THESE FUNDS. STUDENTS COMPLETED THE APPLICATIONS AND AWARDS WERE BASED ON A SLIDING SCALE OF STUDENT ESTIMATED FAMILY CONTRIBUTION. X X X X true true X X X X X false true false false false false false false false DR BLAKE THOMPSON PRESIDENT 325602 0 0 0 0 0 53135 0 16944 0 395681 0 0 0 LAURA JACKSON COO/CFO 195500 0 0 0 0 0 13685 0 0 0 209185 0 0 0 WILLIAM R TOWNSEND VICE PRESIDENT & GENERAL COUNS 185861 0 0 0 6257 0 19137 0 6164 0 217419 0 0 0 DR JAMES TURCOTTE VICE PRESIDENT & EXECUTIVE DIR 138061 0 0 0 0 0 14311 0 7927 0 160299 0 0 0 DEBORAH J CHALLENER FACULTY 158036 0 0 0 0 0 16835 0 16744 0 191615 0 0 0 DR WAYNE VAN HORN DEAN-CHRISTIAN STUDIES 154199 0 0 0 0 0 15883 0 10482 0 180564 0 0 0 DR STEPHEN D MARTIN FACULTY 144252 0 0 0 0 0 12521 0 15686 0 172459 0 0 0 PHILLIP MCINTOSH FACULTY 137337 0 0 0 0 0 14790 0 17690 0 169817 0 0 0 JUDITH JOHNSON FACULTY 140724 0 0 0 0 0 10082 0 6732 0 157538 0 0 0 JOHN P ANDERSON DEAN MC LAW SCHOOL 213551 0 0 0 0 0 18404 0 14140 0 246095 0 0 0 DR KEITH ELDER PROVOST 267675 0 0 0 10800 0 17500 0 5757 0 301732 0 0 0 DR STANLEY BALDWIN DEAN-SCHOOL OF MATH & SCIENCE 219256 0 0 0 0 0 22686 0 10884 0 252826 0 0 0 DR MARCELO EDUARDO DEAN-SCHOOL OF BUSINESS 214607 0 0 0 0 0 21901 0 7832 0 244340 0 0 0 SCHEDULE J, PART I, LINE 1A 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 WILL BECOME FULLY VESTED ON 6/30/2023. SCHEDULE J, PART I, LINE 4B THE PRESIDENT OF THE COLLEGE PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THAT BECOMES VESTED ON 6/30/2023. A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 000000000 2021-07-02 15700000 REFUND 2015 BONDS AND IMPROVEMENTS false false false A 1678095 0 15700000 0 0 0 169800 0 0 0 15530200 0 true false true true A false false false false 0 false false false true A false true false false false false 0 false 0 false false A false SCHEDULE K, PART I, LINE A THE 2021 SERIES BONDS ARE REPORTED AS OF THE ISSUE DATE OF 7/2/2021. NA N/A 162586 MERIT SCHOLARSHIPS EDUCATIONAL SCHOLARSHIPS KIMBERLY CHANDLER FATHER, PERCY THORNTON, BOT 10500 WAGES false FORM 990, PART VI, SECTION A, LINE 2 CHIP STEVENS AND ART STEVENS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE RETURNS ARE REVIEWED BY THE CONTROLLER AND THE CFO. FOR PRIVACY PURPOSES, THE COLLEGE'S AUDIT COMMITTEE AND FULL BOARD OF TRUSTEES ONLY RECEIVE A PUBLIC DISCLOSURE COPY OF THE 990 FOR THEIR REVIEW. DUE TO THE TIMING OF THE FILING, THE BOARD REVIEW WILL OCCUR AFTER THE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH BOARD MEMBER, OFFICER OR KEY EMPLOYEE IS REQUIRED TO SIGN A STATEMENT INDICATING THAT HE/SHE HAD READ THE COLLEGE'S CONFLICT OF INTEREST POLICY AND DISCLOSED ALL POSSIBLE CONFLICTS. THESE STATEMENTS ARE THEN REVEIWED BY THE AUDIT COMMITTEE. DURING THE YEAR, IF THE AUDIT COMMITTEE DETERMINES THAT A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE CONFLICT IS DISCLOSED TO THE FULL BOARD AND THE SPECIFIC MEMBER WITH THE CONFLICT IS REQUIRED TO RECUSE HIMSELF/HERSELF FROM ANY DECISION MAKING INVOLVEMENT RELATED TO THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRMAN OF ALL BOARD COMMITTEES. THE EXECUTIVE COMMITTEE USED DATA FROM COMPARABLE UNIVERSITIES TO DETERMINE COMPENSATION. THE PRESIDENT HAS A WRITTEN CONTRACT COVERING ALL FORMS OF COMPENSATION. COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. SALARY DATA FROM OTHER LIKE SIZE INSTITUTIONS IS USED FOR COMPARISON IN DETERMINING SALARY LEVELS. ALL OFFICERS AND KEY EMPLOYEES' SALARIES ARE INCLUDED IN THE UNIVERSITY BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15B ALL OFFICERS AND KEY EMPLOYEES' SALARIES ARE INCLUDED IN THE UNIVERSITY BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTERESTS $ (2,796) EQUITY INCOME IN HEALTHPLEX $ 523,999 CHANGE IN ADDITIONAL MINIMUM PENSION LIABILITY $2,506,285 ------------------------------------------------------------------- TOTAL $3,027,488 MISSISSIPPI COLLEGE FOUNDATION 200 S CAPITAL ST 4121 CLINTON MS 39056 200058235 ADVISORY MGMT MS 501(C)(3) 7 MC true MISSISSIPPI COLLEGE PROPERTY DEVELOPMENT 200 S CAPITAL ST 4121 CLINTON MS 39056 452406542 SUPPORT ORG MS 501(C)(3) 12A MC true THE BAPTIST HEALTHPLEX INC 102 NEW PROSPECT STREET CLINTON MS 39058 640900902 HLTH/FITNESS MS 501(C)(3) 10 NA true Charitable Remainder Trust Trust MS MC true Mary Shipp Trust 2751 Centerville Road Wilmington DE 19808 136052973 Charitable TX MC Trust -38584 506620 0.58800 true false false false false false false false false false false true false false false false true false false false THE BAPTIST HEALTHPLEX INC K 221255 FMV