Millikin University
Millikin University reported $69.8 million in revenue and $74.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.90 went to program services, $10.52 to management and general costs and $1.58 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.0% of the total. The highest compensation it reported for one person was $352,049 (PRESIDENT (THRU 06/30/25)). 23 people received more than $100,000 in reportable compensation. Revenue fell 26% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $75MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $70MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 20.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 63.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $352,049 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.47% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 23 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction - cost of all instructional activities, including scholarships and grants, faculty salaries and fringe benefits, classroom supplies and equipment, and other instructional expenses
Auxiliary expenses - cost of dining services and residence hall operations
Student services - cost of student development office, admissions, registrar, financial aid, chaplain, choir, band, kirkland fine arts center programs, and intercollegiate athletics. Number of persons served during the year for program services equals approximately 1,949 students
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT (THRU 06/30/25) Officer, 40.00 hrs/week | $319,740 | $0 | $32,309 | $352,049 |
| EVP & CHIEF STRATEGY OFFICER Officer, 40.00 hrs/week | $243,925 | $0 | $24,600 | $268,525 |
| PROVOST (THRU 06/30/25) Officer, 40.00 hrs/week | $141,555 | $0 | $23,493 | $165,048 |
| ASST VP OF FINANCIAL SVC Highest compensated employee, 40.00 hrs/week | $129,848 | $0 | $20,380 | $150,228 |
| VP OF STUDENT AFFAIRS Officer, 40.00 hrs/week | $140,000 | $0 | $7,403 | $147,403 |
| DIRECTOR OF IT Highest compensated employee, 40.00 hrs/week | $138,000 | $0 | $7,409 | $145,409 |
| VP OF ALUMNI & DEV. (THRU 1/31/25) Officer, 40.00 hrs/week | $132,482 | $0 | $11,062 | $143,544 |
| ASST VP OF ADMIN SVC (THRU 10/15/24) Highest compensated employee, 40.00 hrs/week | $129,167 | $0 | $10,546 | $139,713 |
23 people received more than $100,000 in reportable compensation from Millikin University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,157
- Volunteers Part I, line 61,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MEGEN CONSTRUCTION Construction of rathje locker room | $3,918,201 |
| ARAMARK FACILITIES Facility management services | $2,612,977 |
| ARAMARK DINING Dining services for campus | $2,246,996 |
| AKADEMOS LLC Equitable access book provider | $810,644 |
| EAB GLOBAL Enrollment consultants | $523,468 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
39 private foundations reported grants to Millikin University totaling $974K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Millikin University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Millikin University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Millikin University spent in FY2025, $87.90 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hawken SchoolGates Mills, OH · revenue $70M · programs 86.2% · FY2025
- Baker HallLackawanna, NY · revenue $70M · programs 88.4% · FY2025
- The University of Texas FoundationAustin, TX · revenue $70M · programs 98.6% · 2025
- Central CollegePella, IA · revenue $70M · programs 87.3% · FY2025
- Cambiar EducationSan Diego, CA · revenue $70M · programs 94.9% · 2024
Questions people ask
How much of Millikin University's spending goes to programs?
In the fiscal year ending June 30, 2025, Millikin University reported that 87.9% of its $74.8 million in expenses went to program services, 10.5% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does Millikin University pay its top executive?
The largest total compensation Millikin University reported for one person in the fiscal year ending June 30, 2025 was $352,049, for the role of PRESIDENT (THRU 06/30/25) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Millikin University get its money?
Of $69.8 million in revenue in the fiscal year ending June 30, 2025, 20.4% came from contributions and grants (including 4.6% from government grants) and 63.0% from program service revenue (Form 990, Part VIII).
Is Millikin University a registered charity?
The IRS lists EIN 37-0706154 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611289349301501 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501259349300245 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400389349301900 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203139349302610 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123419349300507 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013439349300421 · read the filing
All filings for EIN 37-0706154: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.