Mills College EIN 94-1156566 Form 990 (PDF) Claim this org

Mills College

Not yet claimed Claim this org →

Educates women and gender non-binary students in liberal arts, offering graduate programs for all. For fiscal year 2022 it reported $43.0M in revenue, $80.6M in expenses.Pt I

Founded
1852
Type
Higher education institution · Nonprofit
Location
Oakland, CA
Website
www.mills.edu
Filings
3 on file (2020–2022)
Revenue
$43.0MFY2022
Expenses
$80.6M
Net assets
$0
People
35
Filings
3
Updates
0
More identity details & actions ⌄
EIN  94-1156566 Higher education institution Oakland, CA Founded 1852
Form 990 (PDF)
Compare with another nonprofit →
Figures match the IRS filing checked 8/6/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Mills College claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Educates women and gender non-binary students in liberal arts, offering graduate programs for all.
Leadership
Elizabeth Hillman · President · $419K
Money in and out
$43.0M revenue, $80.6M expenses
Bottom line
-87% operating surplus
Financial scale & money flow · FY2022
Total revenue
$43.0M
Pt VIII · Ln 12
Total expenses
$80.6M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$37.5M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Operating surplus
-87%
revenue over expenses, this legal entity▼ -535% vs prior filing year
Payroll share
50%
of this entity's spending is salaries & benefits▲ +6% vs prior filing year
Program spending
80%
of expenses reach program services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$43.0M
FY2022▼ -36%
Expenses
$80.6M
FY2022▲ +6%
Total assets
$0
FY2022▼ -100%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$43.0M
Pt VIII · Ln 12
Total expenses
$80.6M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$37.5M
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMills College
EINHdr · item D94-1156566
Principal addressHdr · item COakland, CA
WebsiteHdr · item Jwww.mills.edu
Year of formationHdr · item L1852
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$419,349Pt VII · Sec A
VP for Finance & Admin / Treasurer
$250,564Pt VII · Sec A
VP for Strategic Comms & Operations
$225,360Pt VII · Sec A
Associate VP of Human Resources
$205,318Pt VII · Sec A
Professor of Education
$174,441Pt VII · Sec A
Avp Enroll Mgmt & Stud Fin Srvcs
$172,250Pt VII · Sec A
Associate VP for Inst Advancement
$172,138Pt VII · Sec A
Dean, Lokey School / Professor
$172,090Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Elizabeth Hillman$419,349
Elizabeth L Hillman$304,428$300,855
Maria Cammarata$250,564$188,715$195,161
Jeffrey E Jackanicz$231,188
Renee Jadushlever$225,360$180,845
Julia Oparah$151,435$212,919$212,755
Audrey Tanner$205,519
Kamala Green$205,318$163,795

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mills College executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $64.1M of program spending, described in the organization's own filed words · FY2021.
01

With a total enrollment of 868 students, representing 34 states and 12 countries, the college provides instruction, research, public service, and academic support to 461 undergraduate, 379 graduate, and 28 non-degree students.

$37.6Mprogram expense
02

The college provides auxiliary services, including student housing, food services, and other student services.

$26.5Mprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue$26.2M · 61%
Contributions & grants$11.5M · 27%
Investment income$2.6M · 6%
Other revenue$2.7M · 6%
Program service revenue61%$26.2M
Contributions & grants27%$11.5M
Investment income6%$2.6M
Other revenue6%$2.7M
— government grantsLn 1e$6.3M
Total revenueLn 12$43.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program services80%$64.1M
Management & general18%$14.8M
Fundraising2%$1.6M
Total functional expensesLn 25$80.6M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses (Pt IX) $80.6M · Less non-cash grants $77K · Cash operating expenses/yr $80.5M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $64.1M · Total expenses $80.6M
80%
Management & General
Management & general $14.8M · Total expenses $80.6M
18%
Fundraising
Fundraising $1.6M · Total expenses $80.6M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2.2M · Solicited contributions (3-yr avg) $7.1M
$0.31 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11.5M · Total revenue $43.0M
27%
Government reliance
Government grants $6.3M · Total revenue $43.0M
15%
Earned-income share
Program service revenue $26.2M · Total revenue $43.0M
61%
Investment reliance
Investment income $2.6M · Total revenue $43.0M
+6%
Program self-sufficiency
Program service revenue $26.2M · Total expenses $80.6M
33%
Growth & trend
Revenue growth (YoY)
This year $43.0M · Prior year $67.0M
-36%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $43.0M · Expenses $80.6M
-87%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Hillman · Reported title PRESIDENT · Highest reported compensation $419K · Total expenses $80.6M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $39.9M · Total expenses $80.6M
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 18%
Fundraising cost ratio 14%
Revenue growth -36%
Legal fee ratio 3%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 12 grants · $36.1M · 2019–2021
Unitemized GrantFY2021$11,020,922
Unitemized GrantFY2021$845,759
Unitemized GrantFY2021$178,514
Unitemized GrantFY2021$44,057
Unitemized GrantFY2020$10,365,705
Unitemized GrantFY2020$494,389
Unitemized GrantFY2020$162,352
Unitemized GrantFY2020$144,920
Unitemized GrantFY2019$11,889,307
Unitemized GrantFY2019$430,088
Unitemized GrantFY2019$407,483
Unitemized GrantFY2019$90,645

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$43.0M revenue · viewing · ⤓ 990 PDF
FY2021$67.0M revenue · ⤓ 990 PDF
FY2020$70.9M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.