2025-04-14T17:32:45+00:00 2024-05-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-06-01 640303086 Mississippi College MISS 6019253206 PO BOX 4051 CLINTON MS 39058 DR BLAKE THOMPSON PRESIDENT 6019253206 2025-04-14 true true Amber Sherrill P00748683 5013721040 2025-04-15 2023 2025-03-06 01:10:19Z DR BLAKE THOMPSON PO BOX 4051 CLINTON MS 39058 118690559 false X https://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. 30 26 1693 50 35635 0 8175446 9103226 91579388 102174894 2640880 6900500 483160 375661 102878874 118554281 33807239 42562892 0 0 43249417 44513730 33000 39000 1682600 35142188 38825091 112231844 125940713 -9352970 -7386432 259728007 273930206 44656016 47213614 215071991 226716592 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 98576652 42562892 81967232 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. 10418711 0 20207662 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. 108995363 true true 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 false false false false false false false true true true false false true X 128 0 true 1693 true true true true UK false false false true true false false false false false false X 30 26 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 S CAPITOL STREET CLINTON MS 39056 DR RONNIE FALVEY CHAIRMAN 1.0 0.0 X X 0 0 0 MR BILL SONES VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MS JANE HEDERMAN SECRETARY 1.0 0.0 X X 0 0 0 CONG GREGG HARPER TRUSTEE 1.0 0.0 X 0 0 0 DR BRIAN CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 DR CHIP STEVENS TRUSTEE 1.0 0.0 X 0 0 0 DR DAVID ELDRIDGE TRUSTEE 1.0 0.0 X 0 0 0 DR DWAYNE PICKETT TRUSTEE 1.0 0.0 X 0 0 0 DR EDDIE DONAHOE TRUSTEE 1.0 0.0 X 0 0 0 DR JEFF HOLLAND TRUSTEE 1.0 0.0 X 0 0 0 DR MARJORIE LENOIR TRUSTEE 1.0 0.0 X 0 0 0 DR ROBERT WATSON TRUSTEE 1.0 0.0 X 0 0 0 DR SUSAN FORTENBERRY TRUSTEE 1.0 0.0 X 0 0 0 JUDGE TOM LEE TRUSTEE 1.0 0.0 X 0 0 0 MR ART STEVENS TRUSTEE 1.0 0.0 X 0 0 0 MR BOB WALLER TRUSTEE 1.0 0.0 X 0 0 0 MR GARY WATTS TRUSTEE 1.0 0.0 X 0 0 0 MR MIKE RICE DIRECTOR 1.0 1.0 X 0 0 0 MR OSCAR MISKELLY TRUSTEE 1.0 0.0 X 0 0 0 MR PAUL MOAK JR TRUSTEE 1.0 0.0 X 0 0 0 MR RALPH BARNES TRUSTEE 1.0 0.0 X 0 0 0 MR RONNIE SMITH TRUSTEE 1.0 0.0 X 0 0 0 MR ROY FOUNTAIN TRUSTEE 1.0 0.0 X 0 0 0 MR TONY HUFFMAN TRUSTEE 1.0 0.0 X 0 0 0 MR TONY STRINGER TRUSTEE 1.0 0.0 X 0 0 0 MR WALLY HENRY TRUSTEE 1.0 0.0 X 0 0 0 MS AMANDA ALEXANDER-TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 MS LAVERNE EDNEY TRUSTEE 1.0 0.0 X 0 0 0 MS TINA FULCHER TRUSTEE 1.0 0.0 X 0 0 0 REV BARRY CORBETT TRUSTEE 1.0 0.0 X 0 0 0 REV HUGH PLUNKETT TRUSTEE 1.0 0.0 X 0 0 0 DR JAMES B THOMPSON PRESIDENT 40.0 0.0 X 585293 0 49078 DR JAMES C TURCOTTE VP Special Assistant to President 40.0 0.0 X 135561 0 22416 LAURA D JACKSON CHIEF FINANCIAL OFFICER 40.0 0.0 X 195000 0 13650 MIKE HIGHFIELD EXECUTIVE VP AND PROVOST 40.0 0.0 X 145439 0 16932 WILLIAM R TOWNSEND VP INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 189569 0 27568 DR KEITH ELDER PROVOST 40.0 0.0 X 272244 0 23741 DR MARCELO L EDUARDO DEAN OF BUSINESS SCHOOL 40.0 0.0 X 220080 0 30381 DR STANLEY A BALDWIN DEAN OF SCHOOL MATH & SCIENCE 40.0 0.0 X 219533 0 34067 JOHN P ANDERSON DEAN OF LAW SCHOOL 40.0 0.0 X 264293 0 39372 DR STEPHEN D MARTIN FACULTY 40.0 0.0 X 144726 0 28729 JONATHAN F WILL FACULTY 40.0 0.0 X 140726 0 19409 JUDITH J JOHNSON FACULTY 40.0 0.0 X 142386 0 17457 MATTHEW S STEFFEY FACULTY 40.0 0.0 X 131823 0 25500 PHILLIP L MCINTOSH FACULTY 40.0 0.0 X 132409 0 34432 2919082 0 382732 58 false true false ALLIANT CONSTRUCTION PO BOX 1639 JACKSON MS 39058 GENERAL CONTRACTORS 5309103 MMI DINING SYSTEMS 200 S CAPITOL ST CLINTON MS 39056 FOOD SERVICES 2663021 CAMPUS DINING INC 200 S CAPITOL STREET CLINTON MS 39058 FOOD SERVICES 1795744 ACADEMIC PARTNERSHIPS 600 N PEARL STREET STE 900 DALLAS TX 75201 MARKETING SERVICES 1387406 PREWITT CONTRACT SERVICES INC 200 S CAPITOL STREET CLINTON MS 39058 CLEANING SERVICES 1048627 23 0 0 0 0 2051491 7051735 0 9103226 Tuition & Fees 611600 79678455 79678455 0 0 Auxiliary Services 611710 20207662 20207662 0 0 Other Program Revenue 611710 2288777 2288777 0 0 0 0 0 0 102174894 2584014 0 -78 2584092 0 0 0 0 0 0 0 0 431428 37791 91480 2078 339948 35713 375661 0 35713 339948 4358849 357 42720 0 4316129 357 4316486 0 0 4316486 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 118554281 102174894 35635 7240526 80000 80000 40380828 40380828 2102064 2102064 2511401 752387 1759014 32189089 26549911 4983580 655598 4126015 3403182 638798 84035 3241423 2673562 501844 66017 2445802 2017324 378664 49814 54437 54437 99125 99125 39000 39000 93949 93949 9789383 8074390 1515612 199381 333136 274774 51577 6785 3091818 2550165 478682 62971 915577 755178 141751 18648 3837067 3164855 594062 78150 2261120 1864996 350071 46053 14497 14497 515942 425555 79879 10508 7009122 5781200 1085166 142756 926915 926915 Repair and Maintnenance 1743572 1438117 269943 35512 Bad Debt Expense 420854 347125 65157 8572 Dues & Subscriptions 407684 336262 63118 8304 ACCREDITATION EXPENSE 55942 46142 8661 1139 7254951 5922909 1177182 154860 125940713 108995363 15262750 1682600 31069864 34533772 2382534 2325154 2509934 2375510 1120201 583774 0 0 0 0 4952 7251 225935472 119207354 107132662 106728118 35905709 40534105 68229931 74719667 1026916 929114 10345304 11193741 259728007 273930206 6257755 5549761 1191775 1387994 13702587 16953471 297377 306440 0 0 3645063 6077428 19561459 16938520 44656016 47213614 X 94692614 91274450 120379377 135442142 215071991 226716592 259728007 273930206 X -7386432 16116130 2914903 X false true X true true true X 8721315 15869096 17482565 8175446 9103226 59351648 0 0 8721315 15869096 17482565 8175446 9103226 59351648 14634524 44717124 3017671 1510106 1864589 3167258 3015520 12575144 28777 27334 30394 26789 31900 145194 0 0 0 0 0 0 72071986 477572304 0.6205 0.6978 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1536756 X X X false false true X 90838702 475573 17195804 3379933 105130146 93536425 568236 -7775 3258184 90838702 99527049 813941 -3393277 3411288 93536425 81138471 373503 20476991 2461916 99527049 80010351 263250 3143741 2278871 81138471 0.0 0.76 0.24 true false 0 6418158 6418158 0 196764813 105088979 91675834 0 11430919 6501917 4929002 0 8800983 7616458 1184525 0 2520599 0 2520599 106728118 MULTI STRATEGY BOND FUND 8267077 F MULTI STRATEGY EQUITY FUND 65014382 F PRIVATE EQUITY FUND 35490 F INVESTMENTS HELD BY OTHERS 653126 F OTHER INVESTMENTS 749592 F 74719667 ANNUITY OBLIGATIONS OTHER LIABILITIES Annuity Obligations 39948 Other Liabilities 16898572 16938520 95367005 16116130 3013132 19129262 76237743 42316538 42316538 118554281 83722404 93558 93558 83628846 42311867 42311867 125940713 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. Schedule D, Part III, Line 4 Collections of art - description of collections 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. Schedule D, Part IV, Line 2b Explanation of escrow agreement THE COLLEGE HOLDS FUNDS FOR VARIOUR STUDENT CLUBS AND ORGANIZATIONS (AGENCY FUNDS). Schedule D, Part V, Line 4 Intended uses of endowment funds 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 EQUITY INCOME IN HEALTHPLEX - 254236 CHANGE IN ADDITIONAL MINIMUM PENSION LIABILITY - 2665338 RENTAL EXPENSES - 93558 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TUITON DISCOUNTS SHOWN NET OF TUITION ON FINANCIALS - 42214402 LOAN FUND EXPENSES - 97465 CHANGE IN VALUE SPLIT INTEREST - 4671 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 93558 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements TUITON DISCOUNTS SHOWN NET OF TUITON ON FINANCIALS - 42214402 LOAN FUND EXPENSES - 97465 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 STATEMENT IS PUBLISHED ON AN ANNUAL BASIS IN THE CLARION LEDGER, A HINDS COUNTY, MS NEWSPAPER. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT 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. true Central America and the Caribbean 0 0 Grantmaking 150758 East Asia and the Pacific 0 0 Grantmaking 163238 Europe (Including Iceland and Greenland) 0 0 Grantmaking 985572 Middle East and North Africa 0 0 Grantmaking 15900 North America (Canada & Mexico only) 0 0 Grantmaking 156418 Russia and Neighboring States 0 0 Grantmaking 44871 South America 0 0 Grantmaking 298453 South Asia 0 0 Grantmaking 143209 Sub-Saharan Africa 0 0 Grantmaking 143645 Europe (Including Iceland and Greenland) 0 0 PASSIVE INVESTMENTS 92751 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATIONAL CLASSES 143173 0 0 0 0 0 0 2337988 0 2337988 TUITION ASSISTANCE Europe (Including Iceland and Greenland) 44 985572 CASH TUITION ASSISTANCE Middle East and North Africa 5 15900 CASH TUITION ASSISTANCE North America (Canada & Mexico only) 7 156418 CASH TUITION ASSISTANCE Russia and Neighboring States 2 44871 CASH TUITION ASSISTANCE South America 13 298453 CASH TUITION ASSISTANCE South Asia 46 143209 CASH TUITION ASSISTANCE Sub-Saharan Africa 15 143645 CASH TUITION ASSISTANCE Central America and the Caribbean 7 150758 CASH TUITION ASSISTANCE East Asia and the Pacific 15 163238 CASH false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLASHIPS 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. 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; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III 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 MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual RUSSIA AND NEIGHBORING STATES -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual X X X X X X X true PHILANTHROCORP INC PLANNED GIV false 0 39000 -39000 0 39000 -39000 CT DC GA AL KY LA MS MO NJ NY NC OK SC TN TX VA AR WV true Fellowship of Christian Athletes 8701 LEEDS ROAD KANSAS CITY MO 64129 440610626 501(C)(3) 40000 0 N/A N/A ON-CAMPUS MINISTRY Intervarsity Christian Fellowship PO BOX 7895 MADISON WI 53907 362171714 501(C)(3) 15000 0 N/A N/A ON-CAMPUS MINISTRY Reformed University Ministries 1700 N/ BROWN RD STE 104 LAWRENCEVILLE GA 30043 237366967 501(C)(3) 25000 0 N/A N/A ON-CAMPUS MINISTRY 3 0 TUITION DISCOUNTS/SCHOLARSHIPS 2846 40380828 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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. X X X X true true X X X X X false true false false false false false false false DR JAMES B THOMPSON PRESIDENT 435293 0 0 0 150000 0 31650 0 17428 0 634371 0 150000 0 WILLIAM R TOWNSEND VP INSTITUTIONAL ADVANCEMENT 186471 0 0 0 3098 0 19102 0 8466 0 217137 0 0 0 LAURA D JACKSON CHIEF FINANCIAL OFFICER 195000 0 0 0 0 0 13650 0 0 0 208650 0 0 0 MIKE HIGHFIELD EXECUTIVE VP AND PROVOST 145439 0 0 0 0 0 9356 0 7576 0 162371 0 0 0 DR JAMES C TURCOTTE VP Special Assistant to President 135561 0 0 0 0 0 14005 0 8411 0 157977 0 0 0 JOHN P ANDERSON DEAN OF LAW SCHOOL 264293 0 0 0 0 0 24749 0 14623 0 303665 0 0 0 DR KEITH ELDER PROVOST 272244 0 0 0 0 0 17500 0 6241 0 295985 0 0 0 DR STANLEY A BALDWIN DEAN OF SCHOOL MATH & SCIENCE 219533 0 0 0 0 0 22699 0 11368 0 253600 0 0 0 DR MARCELO L EDUARDO DEAN OF BUSINESS SCHOOL 220080 0 0 0 0 0 22065 0 8316 0 250461 0 0 0 DR STEPHEN D MARTIN FACULTY 144726 0 0 0 0 0 12559 0 16170 0 173455 0 0 0 PHILLIP L MCINTOSH FACULTY 132409 0 0 0 0 0 14867 0 19565 0 166841 0 0 0 JONATHAN F WILL FACULTY 140726 0 0 0 0 0 12943 0 6466 0 160135 0 0 0 JUDITH J JOHNSON FACULTY 142386 0 0 0 0 0 10241 0 7216 0 159843 0 0 0 MATTHEW S STEFFEY FACULTY 131823 0 0 0 0 0 13998 0 11502 0 157323 0 0 0 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. A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 000000000 2021-07-02 15700000 2021 Series: REFUND 2015 BONDS AND IMPROVEMENTS false false false B Mississippi Business Finance Corporation 640679132 000000000 2024-01-24 4260000 2024 Series: MISSISSIPPI COLLEGE CAPITAL IMPROVEMENTS PROJECT false false false A 2619047 0 15700000 0 0 0 169800 0 0 0 15530200 0 true false true true B 1500 0 4260000 0 0 0 85200 0 0 1118698 0 3056102 false false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false false A false true false false false false false false false B false true false false false false false false false A false B false Schedule K, Part I, Column (a) THE 2021 SERIES BONDS ARE REPORTED AS OF THE ISSUE DATE OF 7/2/2021. NA N/A 118293 MERIT SCHOLARSHIPS Educational Scholarships Form 990, Part VI, Line 2 CHIP STEVENS AND ART STEVENS HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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, Line 15b Process to establish compensation of other employees ALL OFFICERS AND KEY EMPLOYEES' SALARIES ARE INCLUDED IN THE UNIVERSITY BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE SPLIT INTERESTS - -4671; EQUITY INCOME IN HEALTHPLEX - 254236; CHANGE IN ADDITIONAL MINIMUM PENSION LIABILITY - 2665338; 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) Type I 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 PO BOX 4051 CLINTON MS 39058 TRUST MS MC Trust 0 0 0 true MARY SHIPP TRUST 2751 CENTERVILLE ROAD WILMINGTON DE 19808 136052973 CHARITABLE TX MC Trust 41655 548275 0.588 true false false false false false false false false false false false false false false false true false false false Baptist Healthplex P 255848 FMV