Overview
What is Millikin University?
Millikin University is a nonprofit educational institution located at 1184 West Main Street in Decatur, Illinois (62522). With a workforce of 1,252 employees, Millikin University is dedicated to providing an education that merges the traditional liberal arts and the practical applications of various professions. The university covers the costs of all instructional activities, such as salaries, benefits, classroom materials, and equipment. Their mission is to integrate both the theoretical and practical aspects of learning.
Official website here: www.millikin.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star Rating
Millikin University has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The overall score is derived entirely from its performance in these areas, indicating a solid commitment to transparency and effective management of resources. The absence of any material diversion of assets and the presence of robust financial oversight mechanisms further enhance its credibility.
The university demonstrates excellence in governance with a fully independent board of directors, scoring top marks for both the majority of independent members and the size of the board. Additionally, the organization maintains comprehensive policies, including conflict of interest and whistleblower protections, ensuring ethical operations. Its program expense ratio is also impressive, signifying that a substantial portion of its resources is allocated directly to its mission-driven activities.
While the ratings reflect strong financial health and governance, the brief summary does not delve into the specific programs or services provided by Millikin University. Prospective donors or supporters may seek additional insights into the university's impact and community engagement to fully understand its contributions beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Millikin University legitimate?
Millikin University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millikin University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,352,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,948,410
For more financial information, click here
Official website here: www.millikin.edu
What is the mission statement of Millikin University?
Millikin University's mission is geared towards providing an education that merges the traditional liberal arts and the practical applications of professional studies. The institution aims to offer a well-rounded educational experience that integrates both theoretical and practical knowledge. Through this approach, Millikin University prepares students for successful careers while fostering their intellectual growth. The university is dedicated to delivering comprehensive instruction through various academic activities, including scholarships, grants, faculty salaries, and classroom supplies, among others. By combining the liberal arts with the practical arts of the professions, Millikin University equips students with the skills and knowledge essential for a well-rounded and fulfilling career.
Official website here: www.millikin.edu
What is the revenue of Millikin University?
Millikin University's revenue in 2024 was $88,431,281.
Official website here: www.millikin.edu
Who are the executives of Millikin University and what are their salaries?
The average compensation at Millikin University during 2024 was $16,316. There are 1183 employees and 1000 volunteers at Millikin University.
Here are 36 key members and their salaries:
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- Other: $5,370
Official website here: www.millikin.edu
Where can I find the form 990 for Millikin University?
Millikin University's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.millikin.edu
Learn more at the official website: www.millikin.edu
Mission Statement of Millikin University
Millikin University, with its mission, strives to provide an education that merges the time-honored liberal arts and the practical applications of professional fields. In simpler terms, Millikin University is dedicated to offering a well-rounded education that combines both the theoretical and the practical aspects of various professions.
The university's primary objective is to create a learning environment that allows students to delve into traditional academic pursuits while gaining proficiency in their chosen profession. By weaving the liberal arts into the fabric of professional studies, Millikin University prepares its students for successful and meaningful careers.
Millikin University's instructional activities include a range of expenses such as faculty salaries and benefits, scholarships and grants, and classroom supplies and equipment. These investments enable the university to maintain its focus on providing an education that integrates both the liberal and practical arts. By fostering a dynamic and comprehensive learning experience, Millikin University sets its graduates on the path to lifelong success and growth.
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Impact
October, 2024
Millikin University plays a significant role in the landscape of higher education by providing an education that seamlessly integrates liberal arts with practical professional skills. Located in Decatur, Illinois, Millikin focuses on instruction across various disciplines, ensuring students receive a well-rounded education that prepares them for the complexities of the modern workforce.
With a commitment to excellence in teaching, the university invests in scholarships and grants that make education accessible, alongside supporting faculty through competitive salaries and benefits. The funding also extends to essential classroom supplies and equipment, enhancing the learning environment. Millikin's mission emphasizes the value of blending traditional liberal arts education with practical applications, equipping students with the critical thinking and problem-solving skills needed in their chosen fields.
The impact of Millikin University extends beyond individual student success; it enriches the Decatur community and contributes to a knowledgeable and skilled workforce, fostering cultural and economic development.
This information is meant to be a general summary of Millikin University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $8,115,927
- Program Service Revenue: $63,922,261
- Gross Receipts: $95,578,560
Assets and Liabilities:
- Total Assets: $267,089,881
- Total Liabilities: $46,694,946
- Net Assets: $220,394,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$57,778,126
AUXILLIARY ENTERPRISE REVENUE
Revenue
$5,804,939
EDUCATIONAL ACTIVITIES REVENUE
Revenue
$339,196
Organization Details
Founding Year
1901
Principal Officer
James Reynolds
Website
www.millikin.eduNTEE Category
Code: B420 - Education
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