Mills College FY2020 filing

Oakland, CAHigher education institutionSince 1852 EIN 94-1156566Revenue $70.9M in FY2020

On file with the IRSmills.edu5000 Macarthur Boulevard · Oakland, CA

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Founded in 1852 and located in Oakland, California, in the heart of the San Francisco Bay Area, Mills College (The "College") is a Liberal Arts College for women and gender non-binary students, with graduate programs for all genders.

74¢ of each $1 spent went to programs.
$2.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $16.5M a year · 27% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $174.0M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $31K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$42.8M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70.9M
Spent
$73.6M
To programs
74%
Net assets
$272.5M
By yearFY2020–FY2022
Revenue
$70.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$70.9M
FY2021$67.0M
FY2022$43.0M
Expenses
$73.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$73.6M
FY2021$76.2M
FY2022$80.6M
Net assets
$272.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$272.5M
FY2021$303.2M
FY2022$0

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $54.6M Management & general 22% · $15.9M Fundraising 4% · $3.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

38 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$300,855Pt VII · Sec A
VP Institutional Advancement
$231,188Pt VII · Sec A
Provost & Dean of the Faculty
$212,755Pt VII · Sec A
VP for Enrollment & Marketing
$205,519Pt VII · Sec A
VP Finance and Admin/Treasurer
$195,161Pt VII · Sec A
VP Strategic Partnerships
$185,947Pt VII · Sec A
Dean Lokey School/Professor
$166,991Pt VII · Sec A
Professor of Chemistry
$158,767Pt 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—$158,377$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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates women and gender non-binary students in liberal arts, offering graduate programs for all.

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Provided by the organization

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2 programs · $54.6M · in their own filed words · FY2019
01

With a total enrollment of 1,122 students, representing 41 states and 22 countries, the College provides instruction, research, public service, and academic support to 699 undergraduate, 399 graduate and 24 non-degree students.

$35.6Mprogram expense
02

The College provides auxiliary services, including student housing, food services, and other student services. We are expanding our articulation agreements with local colleges and universities to make transferring to Mills more transparent and easier for students.

$18.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$70.9M
Ln 12
Fees for servicesLn 2g$42.4M
Gifts and grantsLn 1h$20.1M
Other incomeLn 4–11$4.4M
Money outPt IX
$73.6M
Ln 25
Programscol B$54.6M
Managementcol C$15.9M
Fundraisingcol D$3.1M
Owns and owesPt X
$272.5M
net assets · Ln 32
Cash and savingsLn 1–2$18.4M
Total assetsLn 16$315.2M
LiabilitiesLn 26$42.8M
PeoplePt VI, VII
38
listed · VII A
PaidVII A12
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.1M
Government grantsLn 1e$9.3M
Noncash giftsLn 1g$1.7M
Fees for servicesLn 2g$42.4M
Investment incomeLn 3$4.0M
Other incomeLn 4–11$4.4M
Gains on assetsLn 7$2.4M
Total revenueLn 12$70.9M
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$18.4M
Cash and savings togetherLn 1–2$18.4M
InvestmentsLn 11–13$174.0M
Land, buildings, equipmentLn 10c$103.3M
Other assetsLn 15$0
Total assetsLn 16$315.2M
LiabilitiesLn 26$42.8M
Net assetsLn 32$272.5M
OperationsPt I, VI
EmployeesI 51,330
VolunteersI 6264
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$16.8M$18.4M
InvestmentsLn 11–13$179.2M$174.0M
Land, buildings, equipmentLn 10c$107.1M$103.3M
Total assetsLn 16$320.5M$315.2M
LiabilitiesLn 26$46.7M$42.8M
Net assetsLn 32$273.8M$272.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$12.8M$12.8M
Pay of current officers, directors and key staffLn 5$1.6M$464K$953K$203K
Other salaries and wagesLn 7$30.3M$24.1M$4.9M$1.3M
Pension plan contributionsLn 8$497K$381K$86K$30K
Other employee benefitsLn 9$3.2M$2.3M$775K$152K
Payroll taxesLn 10$2.2M$1.7M$345K$102K
Legal feesLn 11b$156K$2K$153K$196
Accounting feesLn 11c$171K$0$171K$0
Investment management feesLn 11f$1.3M$1.0M$198K$39K
Other fees for servicesLn 11g$6.2M$54K$5.2M$933K
Advertising and promotionLn 12$202K$189K$13K$15
Office expensesLn 13$852K$657K$111K$84K
Information technologyLn 14$1.4M$642K$778K$28K
OccupancyLn 16$4.0M$3.5M$418K$29K
TravelLn 17$453K$378K$44K$31K
Conferences, conventions and meetingsLn 19$112K$69K$33K$10K
InterestLn 20$1.6M$1.3M$249K$49K
Depreciation, depletion and amortizationLn 22$4.7M$3.8M$739K$146K
InsuranceLn 23$536K$15K$520K$0
Other expenses (24a–d)Ln 24$1.2M$1.0M$138K$18K
All other expensesLn 24e$150K$105K$46K$0
Total functional expensesLn 25$73.6M$54.6M$15.9M$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $43.0M$80.6M−$37.5M$0 990 PDF
FY2021 $67.0M$76.2M−$9.2M$303.2M 990 PDF
FY2020 Viewing $70.9M$73.6M−$2.7M$272.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $70,883,846 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,632,209$20,080,897
I-9 Program service revenuePrior year $47,911,395$42,401,733
I-10 Investment incomePrior year $5,546,784$4,039,293
I-11 Other revenuePrior year $1,661,913$4,361,923
I-12 Total revenuePrior year $68,752,301$70,883,846
I-13 Grants and similar amounts paidPrior year $13,199,903$12,817,523
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,688,642$37,745,785
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,560,943$23,014,463
I-18 Total expensesPrior year $75,449,488$73,577,771
I-19 Revenue less expensesPrior year −$6,697,187−$2,693,925
Part VI · Governance 26 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $70,883,846 across 10 lines filed
Lines not itemized here account for $251,597 of total revenue; see the IRS return.
VIII-1e Government grants$9,311,431
VIII-1f All other contributions, gifts and grants$10,769,466
VIII-1g Noncash contributions (included above)$1,715,588
VIII-1h Total contributions, gifts and grants$20,080,897
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,401,733$42,401,733
VIII-3 Investment incomeUnrelated business $102,961 · Excluded from tax $1,488,803$1,591,764
VIII-6 Net rental income or lossExcluded from tax $202,457$202,457
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,447,529$2,447,529
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $459,232 · Unrelated business $197,418 · Excluded from tax $3,251,219$3,907,869
VIII-12 Total revenueRelated to mission $43,090,200 · Unrelated business $300,379 · Excluded from tax $7,412,370$70,883,846
Part IX · Statement of functional expenses $73,577,771 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $12,817,523$12,817,523
IX-5 Pay of current officers, directors and key staffPrograms $464,158 · Management $953,190 · Fundraising $202,862$1,620,210
IX-7 Other salaries and wagesPrograms $24,098,010 · Management $4,897,763 · Fundraising $1,292,567$30,288,340
IX-8 Pension plan contributionsPrograms $381,195 · Management $86,110 · Fundraising $29,745$497,050
IX-9 Other employee benefitsPrograms $2,255,911 · Management $774,707 · Fundraising $151,656$3,182,274
IX-10 Payroll taxesPrograms $1,710,868 · Management $344,717 · Fundraising $102,326$2,157,911
IX-11b Legal feesPrograms $2,477 · Management $153,205 · Fundraising $196$155,878
IX-11c Accounting feesPrograms $0 · Management $170,686 · Fundraising $0$170,686
IX-11f Investment management feesPrograms $1,027,188 · Management $197,687 · Fundraising $38,973$1,263,848
IX-11g Other fees for servicesPrograms $54,062 · Management $5,200,801 · Fundraising $932,846$6,187,709
IX-12 Advertising and promotionPrograms $189,455 · Management $12,869 · Fundraising $15$202,339
IX-13 Office expensesPrograms $657,256 · Management $111,432 · Fundraising $83,681$852,368
IX-14 Information technologyPrograms $642,396 · Management $777,859 · Fundraising $28,307$1,448,561
IX-16 OccupancyPrograms $3,544,850 · Management $417,651 · Fundraising $28,734$3,991,235
IX-17 TravelPrograms $377,973 · Management $44,035 · Fundraising $31,480$453,489
IX-19 Conferences, conventions and meetingsPrograms $68,675 · Management $32,919 · Fundraising $10,412$112,006
IX-20 InterestPrograms $1,292,587 · Management $248,764 · Fundraising $49,043$1,590,394
IX-22 Depreciation, depletion and amortizationPrograms $3,839,358 · Management $738,901 · Fundraising $145,672$4,723,931
IX-23 InsurancePrograms $15,462 · Management $520,145 · Fundraising $0$535,608
IX-24 Other expenses (24a–d)Programs $1,019,695 · Management $138,259 · Fundraising $17,998$1,175,951
IX-24e All other expensesPrograms $104,609 · Management $45,852 · Fundraising $0$150,460
IX-25 Total functional expensesPrograms $54,563,707 · Management $15,867,550 · Fundraising $3,146,514$73,577,771
Part X · Balance sheet $315,223,538 assets, 19 lines filed
Asset lines not itemized here account for $728,810; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $43,214$34,386
X-2 Savings and temporary cash investmentsStart of year $16,735,064$18,376,266
X-3 Pledges and grants receivableStart of year $12,255,502$15,042,900
X-4 Accounts receivableStart of year $2,532,026$2,118,185
X-8 Inventories for sale or useStart of year $32,362$35,411
X-9 Prepaid expenses and deferred chargesStart of year $1,595,417$1,639,785
X-10c Land, buildings and equipment, netStart of year $107,080,824$103,275,455
X-11 Publicly traded securitiesStart of year $46,213,415$39,887,814
X-12 Other securitiesStart of year $132,988,103$134,084,526
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $320,513,363$315,223,538
X-17 Accounts payable and accrued expensesStart of year $9,283,708$7,780,193
X-20 Tax-exempt bond liabilitiesStart of year $26,874,192$25,583,745
X-25 Other liabilitiesStart of year $10,521,614$9,392,411
X-26 Total liabilitiesStart of year $46,679,514$42,756,349
X-27 Net assets without donor restrictionsStart of year $68,868,008$70,569,068
X-28 Net assets with donor restrictionsStart of year $204,965,841$201,898,121
X-32 Total net assets or fund balancesStart of year $273,833,849$272,467,189
X-33 Total liabilities and net assetsStart of year $320,513,363$315,223,538
Part XI · Reconciliation of net assets $272,467,189 net assets at year end
XI-1 Total revenue$70,883,846
XI-2 Total expenses$73,577,771
XI-3 Revenue less expenses−$2,693,925
XI-4 Net assets at start of year$273,833,849
XI-5 Net unrealized gains (losses) on investments−$337,585
XI-9 Other changes in net assets$1,664,850
XI-10 Net assets at end of year$272,467,189

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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