2025-05-09T11:23:40+00:00 2024-06-30 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-07-01 640303084 Millsaps College MILL 6019741105 PO BOX 150433 JACKSON MS 39210 ROBERT PEARIGEN PRESIDENT 6019741105 2025-05-09 true true Amber Sherrill P00748683 5013721040 2025-05-15 2023 2025-03-06 01:10:19Z FRANK NEVILLE PO BOX 150433 JACKSON MS 39210 67581017 false X WWW.MILLSAPS.EDU X 1890 MS 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 40 40 656 40 -35526 0 10361757 11847797 34256340 30586065 11286465 5727294 6363932 1731890 62268494 49893046 18730847 16937208 0 0 16948820 18047248 19000 40615 3235899 16398775 16495452 52097442 51520523 10171052 -1627477 201328544 206540754 32774906 29785235 168553638 176755519 MILLSAPS COLLEGE IS DEDICATED TO ACADEMIC EXCELLENCE, TO OPEN INQUIRY AND FREE EXPRESSION, TO THE EXPLORATION OF FAITH TO INFORM VOCATION, AND TO THE INNOVATIVE SHAPING OF THE SOCIAL, ECONOMIC, AND CULTURAL PROGRESS OF OUR REGION. false false 37637116 16937208 27196360 EDUCATIONAL FACILITIES AND PERSONNEL PROVIDING AN IDEAL ATMOSPHERE FOR LEARNING FOR APPROXIMATELY 659 STUDENTS. THIS IS ACHIEVED WITH ONE TEACHER FOR EVERY 9 STUDENTS AND AN AVERAGE CLASS SIZE OF 12. 484069 0 4963548 AUXILIARY ENTERPRISES INCLUDING THE HOUSING OF 89% OF THE APPROXIMATELY 659 STUDENTS ENROLLED. 38121185 true true false false false false false false true true true false true true false false true true true true true true true false true false false true true true false false false false false false true false false false true false false false true true true true false false true 227 0 true 656 true true true false false false false true true false false false false false false X 40 40 false false false false false false false true true false false true true true true true true true true true true MS X WHITNEY EMRICH 6019741105 1701 N STATE STREET JACKSON MS 39210 AMANDA TURNER TRUSTEE 1.0 0.0 X 0 0 0 APRIL SLAYDEN MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 ASHLEY MCPHAIL TRUSTEE 1.0 0.0 X 0 0 0 BETSY STONE WALKUP TRUSTEE 1.0 0.0 X 0 0 0 BISHOP SHARMA LEWIS TRUSTEE 1.0 0.0 X 0 0 0 CARY STOCKETT TRUSTEE 1.0 0.0 X 0 0 0 CHARLES LATHEM TRUSTEE 1.0 0.0 X 0 0 0 CHARLOTTE SEALS TRUSTEE 1.0 0.0 X 0 0 0 CHRIS CHEEK TRUSTEE 1.0 0.0 X 0 0 0 DAVID LOPER TRUSTEE 1.0 0.0 X 0 0 0 DAVID MARSH TRUSTEE 1.0 0.0 X 0 0 0 DAVID RUSSELL TRUSTEE 1.0 0.0 X 0 0 0 DAVID WESLEY CARROLL TRUSTEE 1.0 0.0 X 0 0 0 DONNA RUTH ROBERTS TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH BUYAN TRUSTEE 1.0 0.0 X 0 0 0 EMERSON ROBINSON JR TRUSTEE 1.0 0.0 X 0 0 0 JIM COGGIN TRUSTEE 1.0 0.0 X 0 0 0 JOHN LINDSEY TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE BRADY TRUSTEE 1.0 0.0 X 0 0 0 MARK FREEMAN TRUSTEE 1.0 0.0 X 0 0 0 MAURICE HALL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL BOURLAND TRUSTEE 1.0 0.0 X 0 0 0 MIKE STURDIVANT TRUSTEE 1.0 0.0 X 0 0 0 MONICA SETHI HARRIGILL TRUSTEE 1.0 0.0 X 0 0 0 MONTY HAMILTON TRUSTEE 1.0 0.0 X 0 0 0 PAUL BENTON TRUSTEE 1.0 0.0 X 0 0 0 PEDER JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 PENNY SANDERS VARNER TRUSTEE 1.0 0.0 X 0 0 0 POLLY BAILEY TRUSTEE 1.0 0.0 X 0 0 0 REV DR JOSPEH REIFF TRUSTEE 1.0 0.0 X 0 0 0 REV DR STEPHEN COOK TRUSTEE 1.0 0.0 X 0 0 0 REV EDDIE RESTER TRUSTEE 1.0 0.0 X 0 0 0 REV ELISABETH GARVIN TRUSTEE 1.0 0.0 X 0 0 0 REV MIKE HICKS TRUSTEE 1.0 0.0 X 0 0 0 ROBERT LYLE TRUSTEE 1.0 0.0 X 0 0 0 ROGER SMITH TRUSTEE 1.0 0.0 X 0 0 0 RYAN BECKETT TRUSTEE 1.0 0.0 X 0 0 0 STEVE SANSOM TRUSTEE 1.0 0.0 X 0 0 0 SUSAN FRAZIER TRUSTEE 1.0 0.0 X 0 0 0 TOM FOWLKES TRUSTEE 1.0 0.0 X 0 0 0 WARD VAN SKIVER TRUSTEE 1.0 0.0 X 0 0 0 AARON PELCH VP OF ENROLLMENT 40.0 0.0 X 145540 0 7343 DR KEITH DUNN INTERIM PRESIDENT 40.0 0.0 X 249731 0 43069 FRANK NEVILLE PRESIDENT AS OF 6/17/2024 40.0 0.0 X 0 0 0 MARTIN SMITH VP INSTITUTIONAL DEVELOPMENT 40.0 0.0 X 177940 0 28427 MEGAN JAMES DEAN OF STUDENTS 40.0 0.0 X 118526 0 5929 STACEY GAINES VP OF MARKETING AND COMMUNICATION 40.0 0.0 X 93769 0 20279 STEPHANIE ROLPH INTERIM PROVOST AND DEAN OF COLLEGE 40.0 0.0 X 133644 0 18387 WHITNEY EMRICH VP OF FINANCE 40.0 0.0 X 179868 0 39851 BLAKELY FENDER PROFESSOR OF ELSE SCHOOL 40.0 0.0 X 168462 0 35014 GUY MCCLAIN ASSOC PROFESSOR OF ACCOUNTING 40.0 0.0 X 200281 0 7282 HARVEY FISER DEAN ELSE SCHOOL MANAGEMENT 40.0 0.0 X 222088 0 20601 JESSE BEELER PROFESSOR OF ACCOUNTING 40.0 0.0 X 175058 0 31939 TIMOTHY WARD PROFESSOR OF CHEMISTRY 40.0 0.0 X 135526 0 49213 DR ROBERT PEARIGEN PRESIDENT THROUGH 6/30/2023 40.0 0.0 X 160460 0 18189 2160893 0 325523 27 true true false ARAMARK CORPORATION PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 2087567 Greenbriar Digging Service LP 681 DENTON TRAIL NW BROOKHAVEN MS 39601 DIGGING SERVICES 823494 THOMPSON BROTHERS DRILLING INC 3420 ELLISVILLE BLVD ELLISVILLE MS 39437 DRILLING SERVICES 791987 SEJ SERVICES LLC 3801 WEST MONTAGUE AVE NORTH CHARLESTON SC 29418 CLEANING SERVICES 717119 INDEPENDENT ROOFING SYSTEM INC PO BOX 97809 PEARL MS 39208 ROOFING SERVICES 623765 20 331651 11516146 425225 11847797 TUITION AND FEES 611600 25029447 25029447 SALES AND SERVICES AUXILIARY ENTERPRISES 611710 4963548 4963548 INCOME FROM FUNDS HELD IN TRUST BY OTHER 611600 593070 593070 0 0 0 0 30586065 4531101 -47001 4578102 11475 11475 32143 32143 0 32143 32143 16868733 15672540 1196193 0 1196193 1196193 47980 12709 35271 35271 3576565 2002722 1573843 1573843 FORFEITED DEPOSITS 900099 12000 12000 SPECIALTY TAGS 900099 10238 10238 FINES 900099 7850 7850 49070 0 0 49070 79158 49893046 32159908 -35526 5920867 16222115 16222115 715093 715093 1475119 124455 1142606 208058 13907739 8898889 3739060 1269790 467507 299135 125688 42684 1136118 726947 305442 103729 1060765 678732 285184 96849 140071 140071 84500 84500 40615 40615 1068672 683791 287310 97571 609756 390153 163932 55671 2366098 1513952 636119 216027 1053859 674313 283327 96219 2609881 1669936 701660 238285 1412789 903975 379825 128989 119773 76637 32201 10935 579200 370602 155716 52882 3152206 2016944 847462 287800 202426 129523 54422 18481 CONTRACT EXPENSE 1370427 876870 368436 125121 REPAIRS & MAINTENANCE 696900 445913 187360 63627 SPECIAL EVENTS 336456 215282 90455 30719 DUES & SUBSCRIPTIONS 286112 183069 76920 26123 406326 304859 75743 25724 51520523 38121185 10163439 3235899 8161484 262092 14552716 25828223 3992814 1843981 2064884 482288 0 0 0 0 272804 0 214288 244058 118017697 76758871 41510935 41258826 81094546 91441262 24182735 17631145 0 7010826 25281338 20538053 201328544 206540754 3872110 2958325 700185 743105 26929855 25015191 0 0 587598 542239 685158 526375 32774906 29785235 X 58740094 59720571 109813544 117034948 168553638 176755519 201328544 206540754 X -1627477 7799087 2030271 X false true X true true true X 7110086 18469669 11617109 14816883 11847797 63861544 0 0 7110086 18469669 11617109 14816883 11847797 63861544 3768425 60093119 3223637 2187699 706969 1609988 4610245 12338538 58040 54393 103168 11319 43846 270766 65979 53731 43450 68805 79158 311123 76781971 191858074 0.7826 0.7308 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - SPECIALTY TAGS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 10553.0, COLUMN E - 10238.0, COLUMN F - 20791.0; DESCRIPTION - FORFEITED DEPOSITS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - , COLUMN D - 7750.0, COLUMN E - 12000.0, COLUMN F - 19750.0; DESCRIPTION - MISCELLANEOUS, COLUMN A - 65979.0, COLUMN B - 53731.0, COLUMN C - 43450.0, COLUMN D - 43012.0, COLUMN E - 49070.0, COLUMN F - 255242.0; DESCRIPTION - FINES, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - , COLUMN D - 7490.0, COLUMN E - 7850.0, COLUMN F - 15340.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103359546 4692236 12777070 2992449 7365378 110471025 98495928 1717468 10882726 2840482 4896094 103359546 109639060 3516452 -7714664 2622168 4322752 98495928 88029490 4326072 23660996 2011256 4366242 109639060 90331873 1238649 4456605 2057986 5939651 88029490 0.2591 0.7035 0.0374 true false 411185 411185 105834788 69303976 36530812 6580828 5769739 811089 5190896 1685156 3505740 41258826 STOCK 17072632 F REAL ESTATE FUND 558513 F 17631145 FUNDS HELD IN TRUST 17241784 INVESTMENT IN MILLSAPS DEV INC CASH SURRENDER VALUE LIFE INS 3293952 OTHER ASSETS 2317 20538053 ADVANCE UNDER GOVERNMENT LOANS 219172 LIABILITY FOR ASSET RETIREMENT 307203 526375 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THE COLLEGE'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USES OF THE ENDOWMENT ARE PRIMARILY STUDENT SCHOLARSHIPS, FACULTY CHAIRS AND SALARIES AND ACADEMIC DEPARTMENTAL SUPPORT. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE POLICY IS PUBLICIZED THROUGH CATALOGS AND THE WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FUNDS PROVIDED BY THE UNITED STATES GOVERNMENT UNDER THE FEDERAL PERKINS STUDENT LOAN PROGRAMS ARE FOR REVOLVING LOANS TO QUALIFIED STUDENTS. THESE FUNDS ARE ULTIMATELY REFUNDABLE TO THE GOVERNMENT AND ARE INCLUDED IN LIABILITIES. IN ADDITION, THE COLLEGE ALSO RECEIVES FEDERAL FUNDS RELATED TO UNSUBSIDIZED AND SUBSIDIZED DIRECT LOANS, PLUS LOANS, PELL GRANTS, SEOG GRANTS AND THE FEDERAL WORK STUDY PROGRAM. true Central America and the Caribbean 0 0 Investments 15555511 East Asia and the Pacific 0 0 Program Services STUDY ABROAD PROGRAM 300 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD PROGRAM 183038 North America (Canada & Mexico only) 0 0 Program Services STUDY ABROAD PROGRAM 21499 North America (Canada & Mexico only) 0 0 Program Services ACADEMIC FACILITIES 205009 North America (Canada & Mexico only) 0 0 Program Services RESEARCH 146748 North America (Canada & Mexico only) 0 0 Program Services GRANTS 715093 0 0 0 0 0 0 16827198 0 16827198 North America (Canada & Mexico only) RESEARCH 16806 WIRE 0 1 SCHOLARSHIPS 26 698287 WIRE true false true true false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds PROCEDURES ARE IN PLACE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES. MILLSAPS SPONSORS THE ACTIVITIES OF KAXIL KIUIC, A MEXICAN NONPROFIT ORGANIZATION. KAXIL KIUIC IS DEDICATED TO PRESERVING THE ENVIRONMENT AND THE CULTURAL HERITAGE OF THE MAYA BY PROMOTING KNOWLEDGE THROUGH EDUCATIONAL PROGRAMS CENTERED AT HELEN MOYERS BIOCULTURAL RESERVE. MILLSAPS BUDGETS ANNUALLY FOR THE FUNDS PROVIDED TO KAXIL KIUIC AND MONITORS ADHERENCE TO THAT BUDGET. THE RESERVE DIRECTOR PROVIDES AN ACCOUNT OF THESE FUNDS TO THE RESERVE BOARD OF DIRECTORS. PROCEDURES AND CONDITIONS ARE DESIGNED TO ENSURE THAT INDIVIDUALS RECEIVING DISBURSEMENTS ARE ADEQUATELY INVESTIGATED TO INSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BASED ON THE INSTITUTION'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual X X X X X X true JOHNSON GROSSNICKLE AND ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 CONSULTING false 0 40615 -40615 0 40615 -40615 47980 870 11839 47980 870 11839 MS false NOT REQUIRED FOR RAFFLES. false true false 1.0 WHITNEY EMRICH 1701 N STATE STREET JACKSON MS 39210 false WHITNEY EMRICH 0 RECORDKEEPING X false 0 true SCHOLARSHIPS 625 16222115 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. PROCEDURES AND CONDITIONS ARE DESIGNED TO ENSURE THAT INDIVIDUALS RECEIVING DISBURSEMENTS ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BASED ON THE INSTITUTION'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X true true X X X X X false false false false false false false false false DR ROBERT PEARIGEN PRESIDENT THROUGH 6/30/2023 158555 0 0 0 1905 0 8114 0 10075 0 178649 0 0 0 DR KEITH DUNN INTERIM PRESIDENT 239932 0 8750 0 1049 0 12651 0 30418 0 292800 0 0 0 WHITNEY EMRICH VP OF FINANCE 179696 0 0 0 172 0 9626 0 30225 0 219719 0 0 0 MARTIN SMITH VP INSTITUTIONAL DEVELOPMENT 168252 0 9012 0 676 0 0 0 28427 0 206367 0 0 0 AARON PELCH VP OF ENROLLMENT 145364 0 0 0 176 0 7343 0 0 0 152883 0 0 0 STEPHANIE ROLPH INTERIM PROVOST AND DEAN OF COLLEGE 125996 0 7500 0 148 0 6598 0 11789 0 152031 0 0 0 HARVEY FISER DEAN ELSE SCHOOL MANAGEMENT 204260 0 17100 0 728 0 9540 0 11061 0 242689 0 0 0 GUY MCCLAIN ASSOC PROFESSOR OF ACCOUNTING 200016 0 0 0 265 0 7282 0 0 0 207563 0 0 0 JESSE BEELER PROFESSOR OF ACCOUNTING 167784 0 5000 0 2274 0 7075 0 24864 0 206997 0 0 0 BLAKELY FENDER PROFESSOR OF ELSE SCHOOL 109809 0 58504 0 149 0 5200 0 29814 0 203476 0 0 0 TIMOTHY WARD PROFESSOR OF CHEMISTRY 102321 0 32260 0 945 0 5580 0 43633 0 184739 0 0 0 Schedule J, Part I, Line 1a Discretionary spending account DISCRETIONARY SPENDING ACCOUNT: ROBERT PEARIGEN & KEITH DUNN ALL NON-EXCLUDABLE BENEFITS PROVIDED ARE INCLUDED IN THE COMPENSATION OF THE RECIPIENTS. A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2022-03-15 40000000 SEE PART VI false false false A 3872827 40000000 233551 28812650 10953799 true false true true A false false false false 0.0 false false true A false true false false false false false false true A true Schedule K, Part I, Column (a) ON MARCH 15, 2022, THE COLLEGE ENTERED INTO A LOAN THROUGH THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN THE AMOUNT OF $40,000,000. THE PURPOSE OF THE TAX-EXEMPT LOAN WAS TO REPAY THE COLLEGE PROJECT BONDS OF 2008 AND TO PROVIDE FINANCING FOR FUTURE CAPITAL PROJECTS. Schedule K, Part II COLUMN A THE 2022 SERIES BONDS ARE BEING REPORTED ON BOND YEAR END OF MARCH 14TH, 2024 NA N/A 43040 TUITION WAIVERS EDUCATIONAL ASSISTANCE NA N/A 2000 SCHOLARSHIPS EDUCATIONAL ASSISTANCE X 37 420475 Market value X OTHER 1 4750 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Other - OTHER THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. Form 990, Part VI, Line 15 A&B COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE COMPENSATION AND EXECUTIVE COMMITTEES OF THE BOARD. COMPENSATION FOR OTHER OFFICERS IS APPROVED BY THE PRESIDENT. COMPENSATION FOR OFFICERS IS DETERMINED FROM REVIEW OF MARKET COMPARISONS AND PERFORMANCE MEASUREMENTS WITH OTHER SIMILAR INSTITUTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS AND OFFICERS COMPLETE AND FILE A WRITTEN CONFLICT OF INTEREST STATEMENT ANNUALLY. THESE STATEMENTS ARE MAINTAINED IN THE BUSINESS OFFICE. THE BUSINESS OFFICE REVIEWS AND REPORTS ALL FINDINGS ON THE FORM 990. IF A CONFLICT OF INTEREST EXISTS, THE BOARD MEMBER DOES NOT VOTE ON THE SPECIFIC ISSUE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER REVENUE - Total Revenue: 49070, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 49070; Form 990, Part XI, Line 9 Other changes in net assets or fund balances INCREASE IN CASH SURRENDER VALUE - 183434; CHANGE IN VALUE IN SPLIT INTERESTS - 68716; CHANGE IN BENEFICIAL TRUST - 1750296; BOOK TAX DIFFERENCE IN K-1S - 27825; Schedule F, Part I, Line 3 MILLSAPS COLLEGE OWNS AN INTEREST IN MAGNITUDE INTERNATIONAL, HEDGE FUNDS, BLACKROCK APPRECIATION FUND IV, AND RCP FUND XIII CAYMAN FEEDER LP DOMICILED IN THE CAYMAN ISLANDS. THE BOOK VALUE OF THESE INVESTMENTS AS OF 6/30/2024 WAS $15,555,511. Schedule F, Part IV, Line 1 MILLSAPS INDIRECTLY TRANSFERRED PROPERTY TO FOREIGN CORPORATIONS THROUGH ITS INVESTMENT IN DOMESTIC PARTNERSHIPS. ONE TRANSFER FROM FEG SELECT, LLC TO REDWHEEL EMERGING MARKETS EQUITY FUND LTD. WAS OVER THE REPORTING THRESHOLD FOR FORM 926. MILLSAPS ALSO DIRECTLY TRANSFERRED CASH TO RCP FUND XIII CAYMAN FEEDER LP IN AN AMOUNT OVER THE REPORTING THRESHOLD, AND THIS TRANSACTION WAS REPORTED ON A SECOND FORM 926. Schedule F, Part IV, Line 3 MILLSAPS DID NOT MEET REQUIREMENTS TO FILE FORM 5471 DURING THE FISCAL YEAR ENDED 6/30/2024 FOR ITS OWNERSHIP INTEREST IN A FOREIGN CORPRORATION. THEREFORE, FORM 5471 WAS NOT FILED BY MILLSAPS. Schedule F, Part IV, Line 4 THE COLLEGE WAS AN INDIRECT SHAREHOLDER OF A PASSIVE FOREIGN INVESTMENT COMPANY (PFIC) OR A QUALIFIED ELECTING FUND DURING THE TAX YEAR. PER THE INSTRUCTIONS TO FORM 8621, A TAX-EXEMPT ORGANIZATION THAT DOES NOT HAVE DISTRIBTUIONS SUBJECT TO UNRELATED BUSINESS INCOME TAX FROM A PFIC IS NOT REQUIRED TO FILE THE FORM. THE COLLEGE IS A TAX-EXEMPT ORGANIZATION. THERE WERE NO DISTRIBUTIONS FROM THE PFIC THAT WERE SUBJECT TO UNRELATED BUSINESS INCOME TAX. ACCORDINGLY, A FORM 8621 WAS NOT FILED THIS TAX YEAR. MILLCO PO BOX 150433 JACKSON MS 39210 640511687 SEE PART VII MS 0 0 MILLSAPS MILLSAPS PROPERTY HOLDINGS LLC 1701 N STATE STREET JACKSON MS 39210 SEE PART VII MS 0 0 MILLSAPS MILLSAPS DEVELOPMENT INC PO BOX 150433 JACKSON MS 39210 237210558 SEE PART VII MS 501(c)(2) MILLSAPS true MILLSAPS REAL ESTATE HOLDINGS INC PO BOX 150433 JACKSON MS 39210 640833283 SEE PART VII MS 501(c)(2) MILLSAPS true KAXIL KIUIC AC CALLE 10 NO 66 POR 7 Y 9 9713 MERIDA YUCATAN MX SEE PART VII MX MILLSAPS true MICAS-KIUIC VENTURE AC CALLE 10 NO 66 POR 7 Y 9 9713 MERIDA YUCATAN MX SEE PART VII MX MILLSAPS true false false false false false false false false false false false false false false false false false true false KAXIL KLUIC AC R 252614 FMV Schedule R, Part I, Column (b) LINE 1 MILLCO IS A 100% OWNED SUBSIDIARY OF MILLSAPS COLLEGE. IT IS CURRENTLY INACTIVE AND HAD NO TRANSACTIONS FOR THE PERIOD OF THIS RETURN. Schedule R, Part I, Column (b) LINE 2 MILLSAPS PROPERTY HOLDINGS, LLC IS A SINGLE-MEMBER LLC WITH MILLSAPS COLLEGE AS THE SOLE MEMBER. ITS PURPOSE IS TO PERFORM REAL ESTATE ACTIVITIES RELATED TO PROPERTY BEQUEATHED TO MILLSAPS COLLEGE. IT IS CURRENTLY INACTIVE AND HAD NO TRANSACTIONS FOR THE PERIOD OF THIS RETURN. Schedule R, Part II, Column (b) LINE 1 MILLSAPS DEVELOPMENT, INC. - TO DEVELOP CERTAIN OF THE COLLEGE'S REAL PROPERTY AS A SOURCE OF REVENUE TO THE COLLEGE. Schedule R, Part II, Column (b) LINE 2 MILLSAPS REAL ESTATE HOLDINGS, INC. IS A 100% OWNED SUBSIDIARY OF MILLSAPS COLLEGE. IT IS CURRENTLY INACTIVE AND HAD NO TRANSACTIONS FOR THE PERIOD OF THIS RETURN. Schedule R, Part II, Column (b) LINE 3 KAXIL KIUIC, A.C. MANAGES THE HELEN MOYERS BIOCULTURAL RESERVE LOCATED IN THE BOLONCHEN DISTRICT OF THE PUUC REGION OF YUCATAN, MEXICO. THE RESERVE IS A LIVING LABORATORY WHERE RESEARCH AND EDUCATION ARE CARRIED OUT IN AN EFFORT TO NOT ONLY ACQUIRE KNOWLEDGE BUT HELP SUSTAIN THE RESERVE'S ECOLOGICAL AND CULTURAL RESOURCES. IT IS ALSO A PLACE DESIGNED TO PROVIDE SUPPORT TO THE NEIGHBORING MAYA TOWNS AS THEY CONFRONT THE CHALLENGES OF SUSTAINING THEIR OWN CULTURE AND IDENTITY. Schedule R, Part II, Column (b) LINE 4 MICAS-KIUIC VENTURE, A.C. OWNS THE 4,000-ACRE RESERVE IN MEXICO'S YUCATAN PENINSULA WHERE THE KAXIL KIUIC BIOCULTURAL RESERVE PROGRAM IS CONDUCTED. THE RESERVE CONTAINS A WEALTH OF ARCHAEOLOGICAL SITES IMPORTANT TO THE UNDERSTANDING OF ANCIENT AND MODERN MAYA CULTURE. THE YUCATAN PROGRAM OFFERS FACULTY AND STUDENTS A LIVING LABORATORY WHERE THEY STUDY THE RELATIONSHIPS AMONG DISCIPLINES AS VARIED AS BIOLOGY, ENGLISH, BUSINESS, THE ENVIRONMENT, AND ARCHAEOLOGY. THE RESERVE - WHICH DEMONSTRATES CONNECTIONS BETWEEN ECONOMIC DEVELOPMENT, ENVIRONMENTAL POLICY, AND CULTURAL PRESERVATION - HAS BECOME A NATIONAL MODEL FOR INTERDISCIPLINARY STUDIES.