Civic Intelligence

Miles College Inc

990 • Fiscal year 2016 • EIN 63-0400608

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 03, 2016

5500 Myron Massey BoulevardFairfield, AL 35064

(205) 929-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.41x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

1.12x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

40th percentile

0.3%

Higher net margin than 40% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$270,071

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

37th percentile

-0.5%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

5.5%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Down

$95,670,423

Down $470,216 (-0.5%) from 2015

Net Assets

Up

$56,431,463

Up $218,869 (+0.4%) from 2015

Liabilities

Down

$39,238,960

Down $689,085 (-1.7%) from 2015

Revenue

Up

$35,179,141

Up $1,838,446 (+5.5%) from 2015

Expenses

Up

$35,073,113

Up $2,110,627 (+6.4%) from 2015

Net Income

Down

$106,028

Down $272,181 (-72%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $60,376,872Liabilities 2010: $14,068,826Net Assets 2010: $46,308,0462010Assets 2011: $64,801,284Liabilities 2011: $14,439,025Net Assets 2011: $50,362,2592011Assets 2012: $66,106,747Liabilities 2012: $13,829,062Net Assets 2012: $52,277,6852012Assets 2013: $79,517,881Liabilities 2013: $25,995,491Net Assets 2013: $53,522,3902013Assets 2014: $95,776,523Liabilities 2014: $40,344,970Net Assets 2014: $55,431,5532014Assets 2015: $96,140,639Liabilities 2015: $39,928,045Net Assets 2015: $56,212,5942015Assets 2016: $95,670,423Liabilities 2016: $39,238,960Net Assets 2016: $56,431,4632016Assets 2017: $94,754,600Liabilities 2017: $37,518,282Net Assets 2017: $57,236,3182017Assets 2018: $93,653,829Liabilities 2018: $36,169,273Net Assets 2018: $57,484,5562018Assets 2019: $92,185,920Liabilities 2019: $34,648,126Net Assets 2019: $57,537,7942019Assets 2020: $86,317,354Liabilities 2020: $25,569,275Net Assets 2020: $60,748,0792020Assets 2021: $96,100,201Liabilities 2021: $18,185,354Net Assets 2021: $77,914,8472021Assets 2022: $95,783,028Liabilities 2022: $17,619,081Net Assets 2022: $78,163,9472022Assets 2023: $97,943,263Liabilities 2023: $19,990,785Net Assets 2023: $77,952,4782023Assets 2024: $99,847,388Liabilities 2024: $18,718,069Net Assets 2024: $81,129,3192024

Highlighted filing

2016

Assets$95,670,423
Liabilities$39,238,960
Net Assets$56,431,463

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $27,872,9622010Revenue 2011: $29,427,790Expenses 2011: $27,042,077Net Income 2011: $2,385,7132011Expenses 2012: $29,348,7232012Expenses 2013: $31,592,7182013Revenue 2014: $32,094,984Expenses 2014: $31,841,320Net Income 2014: $253,6642014Revenue 2015: $33,340,695Expenses 2015: $32,962,486Net Income 2015: $378,2092015Revenue 2016: $35,179,141Expenses 2016: $35,073,113Net Income 2016: $106,0282016Revenue 2017: $35,832,118Expenses 2017: $35,534,605Net Income 2017: $297,5132017Revenue 2018: $34,171,816Expenses 2018: $35,003,583Net Income 2018: -$831,7672018Revenue 2019: $34,283,418Expenses 2019: $35,853,349Net Income 2019: -$1,569,9312019Revenue 2020: $37,365,667Expenses 2020: $35,241,995Net Income 2020: $2,123,6722020Revenue 2021: $42,589,235Expenses 2021: $35,427,179Net Income 2021: $7,162,0562021Revenue 2022: $49,621,884Expenses 2022: $45,722,101Net Income 2022: $3,899,7832022Revenue 2023: $34,236,843Expenses 2023: $33,759,080Net Income 2023: $477,7632023Revenue 2024: $33,297,349Expenses 2024: $32,921,857Net Income 2024: $375,4922024

Highlighted filing

2016

Revenue$35,179,141
Expenses$35,073,113
Net Income$106,028
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 3, 2016
Return Version
2015v3.0
Gross Receipts
$35,179,141
Mission and Program Overview

Mission

To motivate and direct its students to seek holistic development that leads to intellectual, ethical, spiritual, and service-oriented lives.

The mission of the College is to prepare students personally, socially and intellectually to effectively function in a changing global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$51,700,396$50,584,124▼ $1,116,272
Investments in Publicly Traded Securities$19,080,999$19,334,286▲ $253,287
Cash and Non-Interest-Bearing Accounts$11,983,305$13,022,547▲ $1,039,242
Other Notes and Loans Receivable, Net$7,500,000$7,500,000→ $0
Accounts Receivable$2,260,385$2,450,323▲ $189,938
Pledges and Grants Receivable$2,605,878$1,743,918▼ $861,960
Prepaid Expenses and Deferred Charges$976,317$1,001,107▲ $24,790
Inventories for Sale or Use$33,359$34,118▲ $759
Total Assets$96,140,639$95,670,423▼ $470,216
Liabilities
Tax Exempt Bond Liabilities$33,699,672$33,952,527▲ $252,855
Other Liabilities$3,753,095$2,684,242▼ $1,068,853
Accounts Payable and Accrued Expenses$2,310,586$2,489,149▲ $178,563
Deferred Revenue$164,692$113,042▼ $51,650
Total Liabilities$39,928,045$39,238,960▼ $689,085
Net Assets / Fund Balance
Unrestricted Net Assets$50,154,111$50,372,980▲ $218,869
Temporarily Rstr Net Assets$3,876,412$3,876,412→ $0
Permanently Rstr Net Assets$2,182,071$2,182,071→ $0
Total Net Assets Fund Balance$56,212,594$56,431,463▲ $218,869
Total Liabilities and Net Assets / Fund Balance$96,140,639$95,670,423▼ $470,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,374,994$36,384,611$69,759,605
Equipment$5,922,419$6,414,645$12,378,897
Other Land Buildings$5,535,747$2,930,505$8,035,952
Land$5,750,964-$5,750,964

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,181,071-▲ $254,769-$2,181,071
2014$2,181,071-▲ $402,833-$2,181,071
2013$2,181,071-▲ $1,655,499-$2,181,071
2012$2,181,071-▲ $1,110,293-$2,181,071
2011$2,182,071-▲ $205,611-$2,182,071
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr George T French JrPresidentFT$257,391$12,680$270,071
Ms Diana KnightonSenior Vice President of Finance and AdministrationFT$155,276$7,649$162,925
Dr Ba Shen WelchVice President of Strategic InitiatesFT$130,731-$130,731
Mr Emmanuel ChekwaVice President of Academic AffairsFT$121,334$5,464$126,798
Mr Donald J HollingsDirector of AccountingFT$109,782$5,408$115,190
Mr Brian AdamsControllerFT$63,931$3,005$66,936

Highest Paid Contractors

ContractorServicesLocationCompensation
GSI Management CompanyFood ServicesP O Box 56346, Atlanta, GA 30343$1,968,072
Omega Janitorial ServicesJanitorial ServicesP O Box 10325, Birmingham, AL 35202$703,665
Protection OneCampus Security ServiceP O Box 219044, Kansas City, MO 64121$306,184
Digital Information SystemsInformation SystemsP O Box 661262, Birmingham, AL 35266$191,592
Lewis Electric CompanyElectrical ContractorP O Box 611364, Birmingham, AL 35261$189,002
Revenue and Support

Revenue Composition

Contributions and Grants
$6,022,719
Program Service Revenue
$28,653,901
Investment Income
$0
Other Revenue
$502,521
All Other Contributions
$2,305,487
Change in Net Assets
$106,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,179,141
Revenue Not Reported on Form 990
$254,769
Total Revenue per Audited Statements
$35,433,910
Total Revenue per Form 990
$35,179,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,842,901
Grants and Similar Amounts Paid$4,357,561
Salaries, Compensation, and Employee Benefits$872,651
Total Fundraising Expense$165,385
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$290,557$6,676,994$165,385$7,132,936
Grants to Domestic Individuals$4,357,561--$4,357,561
All Other Expenses$3,870,629--$3,870,629
Current Officers, Directors, Trustees, and Key Employees-$872,651-$872,651
Total Functional Expenses$26,422,548$8,485,180$165,385$35,073,113

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,073,113
Total Expenses per Audited Statements$35,073,113
Total Expenses per Form 990$35,073,113
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$2,684,242
Capitalized Lease Obligation-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Private Colleges and Universities Facilities Authority2012-12-20$10,150,000Construction of new facilities
BThe Private Colleges and Universities Facilities Authority2012-09-06$7,950,000Construction of new facilities
CThe Private Colleges and Universities Facilities Authority2015-06-24$1,097,900Construction of new facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,150,000--$202,999
B$7,950,000--$140,694
C$1,097,900--$21,921

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The College presents the Form 990 to its finance/audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required from the finance/audit committees review.

Form 990, Part VI, Section B, Line 12C

Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit/finance committee is responsible for ensuring adherence to the policy.

Form 990, Part VI, Section B, Line 15A

The Board of Trustees, based on predetermined areas of performance, evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval.

Form 990, Part VI, Section B, Line 15B

Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary, 2 market data from CUPA Survey published in the Chronicle of Higher Education, and 3 the bargaining process.

Form 990, Part VI, Section C, Line 19

The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the business office and submit a request identifying the specific documents.

Filing and Contact Details

Filer

Filer Name
Miles College Inc
EIN
63-0400608
Phone
2059291000
Address
5500 Myron Massey Boulevard, Fairfield, AL 35064

Signing Officer

Name
Diana Knighton
Title
VP of Finance and Administration
Signed
2016-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Knighton
Formed
1909
Legal Domicile
Al
Voting Board Members
23
Independent Board Members
22
Employees
808
Volunteers
80

Preparer

Firm
The Wesley Peachtree Group CPAs
Address
1475 Klondike Road Suite 100, Conyers, GA 30094
Preparer
Keith X Terrell
Phone
4048740555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year.

Financial Statement Notes

V 4

The endowment funds shown are permanently restricted. The College does not intend to use the funds.

X 2

The Colleges policy is to record a liability for any tax position taken that is beneficial to the College, including any related interest and penalties, when it is more-likely-than-not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2016 and, accordingly, no liability has been accrued.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr George T French Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Bishop Teresa E Snorton
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Princess Pegues
IRS990/Form990PartVIISectionAGrp/PersonNm3Mrs Linda McFarland Jennings
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Geraldine Bell
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Lionel G Walker
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Faith A Allen
IRS990/Form990PartVIISectionAGrp/PersonNm7Rev Dr Tyrone T Davis
IRS990/Form990PartVIISectionAGrp/PersonNm8Attorney Gregory A Cade
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr John O Hudson III
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr Robert Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm11Councilman Steven Hoyt
IRS990/Form990PartVIISectionAGrp/PersonNm12Mrs Lajuana Bradford
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr John C Bush
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Lamell McMorris
IRS990/Form990PartVIISectionAGrp/PersonNm15Attorney William M Pompey
IRS990/Form990PartVIISectionAGrp/PersonNm16Mrs Brenda J Randolph
IRS990/Form990PartVIISectionAGrp/PersonNm17Dr Mattie D Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr Edgar B Marx Jr
IRS990/Form990PartVIISectionAGrp/PersonNm19Mrs Nancy Wagnon
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr James B Walker
IRS990/Form990PartVIISectionAGrp/PersonNm21Dr Sylvester Williams Sr
IRS990/Form990PartVIISectionAGrp/PersonNm22Mrs Geraldine Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm23Ms Diana Knighton
IRS990/Form990PartVIISectionAGrp/PersonNm24Mr Emmanuel Chekwa
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Donald J Hollings
IRS990/Form990PartVIISectionAGrp/PersonNm26Dr Ba Shen Welch
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Brian Adams
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Senior Vice President of Finance and Administration
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President of Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director of Accounting
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President of Strategic Initiates
IRS990/Form990PartVIISectionAGrp/TitleTxt27Controller
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IRS990/MissionDesc0To motivate and direct its students to seek holistic development that leads to intellectual, ethical, spiritual, and service-oriented lives.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.8$18.7$81.1$33.3$32.9$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$20.0$78.0$34.2$33.8$0.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.8$17.6$78.2$49.6$45.7$3.90
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.1$18.2$77.9$42.6$35.4$7.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.3$25.6$60.7$37.4$35.2$2.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.2$34.6$57.5$34.3$35.9$1.57
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.7$36.2$57.5$34.2$35.0$0.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.8$37.5$57.2$35.8$35.5$0.30
2016Detailed filing. Detailed filing data is available for this year.$95.7$39.2$56.4$35.2$35.1$0.11
2015Detailed filing. Detailed filing data is available for this year.$96.1$39.9$56.2$33.3$33.0$0.38
2014Detailed filing. Detailed filing data is available for this year.$95.8$40.3$55.4$32.1$31.8$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.5$26.0$53.5$31.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.1$13.8$52.3$29.3
2011Summary only. Only limited summary data is available for this year.$64.8$14.4$50.4$29.4$27.0$2.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.4$14.1$46.3$27.9