Civic Intelligence

Morrison Institute of Technology

EIN 36-2919340 • 501(c)3 • Morrison, IL

Profile

To provide an education and related services to all enrolled students.

701 Portland AvenueMorrison, IL 61270

www.morrison.tec.il.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.29x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

9.7%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

74th percentile

26%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Up

$3,898,887

Up $812,201 (+26%) from 2024

Liabilities

Up

$1,142,478

Up $108,707 (+11%) from 2024

Net Assets

Up

$2,756,409

Up $703,494 (+34%) from 2024

Revenue

Up

$2,751,580

Up $935,643 (+52%) from 2024

Expenses

Up

$2,048,086

Up $92,751 (+4.7%) from 2024

Net Income

Up

$703,494

Up $842,892 (+605%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,448,946Liabilities 2011: $1,089,454Net Assets 2011: $1,359,4922011Assets 2012: $2,408,906Liabilities 2012: $1,001,752Net Assets 2012: $1,407,1542012Assets 2013: $2,364,107Liabilities 2013: $875,090Net Assets 2013: $1,489,0172013Assets 2014: $2,477,510Liabilities 2014: $784,166Net Assets 2014: $1,693,3442014Assets 2015: $2,402,055Liabilities 2015: $658,663Net Assets 2015: $1,743,3922015Assets 2016: $2,393,436Liabilities 2016: $577,426Net Assets 2016: $1,816,0102016Assets 2017: $2,357,418Liabilities 2017: $460,227Net Assets 2017: $1,897,1912017Assets 2018: $2,532,245Liabilities 2018: $522,813Net Assets 2018: $2,009,4322018Assets 2019: $3,025,888Liabilities 2019: $958,020Net Assets 2019: $2,067,8682019Assets 2020: $3,235,483Liabilities 2020: $1,413,048Net Assets 2020: $1,822,4352020Assets 2021: $3,503,543Liabilities 2021: $1,098,643Net Assets 2021: $2,404,9002021Assets 2022: $3,310,964Liabilities 2022: $1,083,234Net Assets 2022: $2,227,7302022Assets 2023: $3,238,330Liabilities 2023: $1,046,017Net Assets 2023: $2,192,3132023Assets 2024: $3,086,686Liabilities 2024: $1,033,771Net Assets 2024: $2,052,9152024Assets 2025: $3,898,887Liabilities 2025: $1,142,478Net Assets 2025: $2,756,4092025

Highlighted filing

2025

Assets$3,898,887
Liabilities$1,142,478
Net Assets$2,756,409

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,953,5672011Expenses 2012: $1,824,1472012Expenses 2013: $1,700,3592013Revenue 2014: $2,039,910Expenses 2014: $1,835,583Net Income 2014: $204,3272014Revenue 2015: $1,831,939Expenses 2015: $1,781,891Net Income 2015: $50,0482015Revenue 2016: $1,906,498Expenses 2016: $1,833,880Net Income 2016: $72,6182016Revenue 2017: $2,019,709Expenses 2017: $1,938,528Net Income 2017: $81,1812017Revenue 2018: $2,240,798Expenses 2018: $2,128,557Net Income 2018: $112,2412018Revenue 2019: $2,521,602Expenses 2019: $2,463,166Net Income 2019: $58,4362019Revenue 2020: $2,055,187Expenses 2020: $2,300,620Net Income 2020: -$245,4332020Revenue 2021: $2,698,370Expenses 2021: $2,115,905Net Income 2021: $582,4652021Revenue 2022: $2,173,933Expenses 2022: $2,351,103Net Income 2022: -$177,1702022Revenue 2023: $1,730,418Expenses 2023: $1,750,291Net Income 2023: -$19,8732023Revenue 2024: $1,815,937Expenses 2024: $1,955,335Net Income 2024: -$139,3982024Revenue 2025: $2,751,580Expenses 2025: $2,048,086Net Income 2025: $703,4942025

Highlighted filing

2025

Revenue$2,751,580
Expenses$2,048,086
Net Income$703,494

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.90$1.14$2.76$2.75$2.05$0.70
2024Detailed filing. Detailed filing data is available for this year.$3.09$1.03$2.05$1.82$1.96$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.24$1.05$2.19$1.73$1.75$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.31$1.08$2.23$2.17$2.35$0.18
2021Detailed filing. Detailed filing data is available for this year.$3.50$1.10$2.40$2.70$2.12$0.58
2020Detailed filing. Detailed filing data is available for this year.$3.24$1.41$1.82$2.06$2.30$0.25
2019Detailed filing. Detailed filing data is available for this year.$3.03$0.96$2.07$2.52$2.46$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.53$0.52$2.01$2.24$2.13$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.46$1.90$2.02$1.94$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.39$0.58$1.82$1.91$1.83$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.40$0.66$1.74$1.83$1.78$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.48$0.78$1.69$2.04$1.84$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.88$1.49$1.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$1.00$1.41$1.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$1.09$1.36$1.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Oct 6, 2025
Return Version
2024v5.0
Gross Receipts
$2,759,296
Mission and Program Overview

Mission

To provide an education and related services to all enrolled students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,307,917$2,973,446▲ $665,529
Cash and Non-Interest-Bearing Accounts$318,088$651,460▲ $333,372
Pledges and Grants Receivable$269,899$154,421▼ $115,478
Accounts Receivable$159,999$87,311▼ $72,688
Prepaid Expenses and Deferred Charges$23,435$27,080▲ $3,645
Inventories for Sale or Use$7,348$5,169▼ $2,179
Total Assets$3,086,686$3,898,887▲ $812,201
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,004,198$984,065▼ $20,133
Accounts Payable and Accrued Expenses$15,370$145,578▲ $130,208
Deferred Revenue$13,203$8,235▼ $4,968
Other Liabilities$1,000$4,600▲ $3,600
Total Liabilities$1,033,771$1,142,478▲ $108,707
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,052,915$2,756,409▲ $703,494
Total Net Assets Fund Balance$2,052,915$2,756,409▲ $703,494
Total Liabilities and Net Assets / Fund Balance$3,086,686$3,898,887▲ $812,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,171,206$3,320,900$5,492,106
Equipment$355,646$1,784,380$2,140,026
Leasehold Improvements$109,448$326,604$436,052
Other Land Buildings$157,693$39,000$196,693
Land$179,453-$179,453
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris ScottSchool PresiFT$123,600$123,600

Board Members and Trustees

NameTitle
Mike GundersonChairman
Dave WeberDirector
Deanna HermesDirector
Ken GooleyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,310,677
Program Service Revenue
$1,394,307
Investment Income
$6,425
Other Revenue
$40,171
All Other Contributions
$210,181
Change in Net Assets
$703,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,502,454
Revenue Not Reported on Financial Statements
$249,126
Other Revenue Adjustments
$249,126
Total Revenue per Audited Statements
$2,502,454
Total Revenue per Form 990
$2,751,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$993,951
Other Expenses$758,137
Grants and Similar Amounts Paid$295,998
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$924,771--$924,771
Grants to Domestic Individuals$295,998--$295,998
Depreciation Depletion$116,942$47,113-$164,055
All Other Expenses$64,425$72,319-$136,744
Insurance$86,237$47,588-$133,825
Occupancy$104,747--$104,747
Payroll Taxes$50,945$18,235-$69,180
Interest$49,760--$49,760
Other Expenses$39,156$31,600-$31,600
Travel$7,329--$7,329
Total Functional Expenses$1,740,310$307,776$0$2,048,086

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,048,086
Expenses per Audited Statements$1,798,960
Total Expenses per Audited Statements$1,798,960
Expenses Not Reported on Financial Statements$249,126
Other Expense Adjustments$249,126
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
Student and Other Deposit Collected$4,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by the institute's vp of finance prior to filing the form 990.

Form 990, Page 6, Part VI, Line 15A

The board of directors hold an executive session to review and approve compensation.

Form 990, Page 6, Part VI, Line 19

Morrison institute of technology makes our governing documents and financial statements available to the public on request.

Filing and Contact Details

Filer

Filer Name
Morrison Institute of Technology
EIN
36-2919340
Phone
8157727218
Address
701 PORTLAND AVENUE, MORRISON, IL 61270

Signing Officer

Name
Mike Gunderson
Title
Chairman
Phone
8157727218
Signed
2025-10-06

Organization Details

Principal Officer
Mike Gunderson
Formed
1977
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
16

Preparer

Firm
Winkel Parker & Foster CPA Pc
Address
1301 19TH AVE NW, CLINTON, IA 52732-2434
Preparer
Patrick W Parker CPA
Phone
5632423440
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Scholarships -295,998 cost of goods sold 46,872 scholarships 295,998 cost of goods sold -46,872

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Scholarships 295,998 cost of goods sold -46,872

Schedule D, Page 4, Part XII, Line 4B

Scholarships 295,998 cost of goods sold -46,872

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015370
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0145578
IRS990/AccountsReceivableGrp/BOYAmt0159999
IRS990/AccountsReceivableGrp/EOYAmt087311
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AN EDUCATION AND RELATED SERVICES TO ALL ENROLLED STUDENTS.
IRS990/AllOtherContributionsAmt0210181
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt072319
IRS990/AllOtherExpensesGrp/ProgramServicesAmt064425
IRS990/AllOtherExpensesGrp/TotalAmt0136744
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CHRIS SCOTT
IRS990/BooksInCareOfDetail/PhoneNum08157727218
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0MORRISON INSTITUTE OF TECHNOLOGY
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0721 PORTLAND AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MORRISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061270
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0318088
IRS990/CashNonInterestBearingGrp/EOYAmt0651460
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt07716
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01310677
IRS990/CYGrantsAndSimilarPaidAmt0295998
IRS990/CYInvestmentIncomeAmt06425
IRS990/CYOtherExpensesAmt0758137
IRS990/CYOtherRevenueAmt040171
IRS990/CYProgramServiceRevenueAmt01394307
IRS990/CYRevenuesLessExpensesAmt0703494
IRS990/CYSalariesCompEmpBnftPaidAmt0993951
IRS990/CYTotalExpensesAmt02048086
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02751580
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt013203
IRS990/DeferredRevenueGrp/EOYAmt08235
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt047113
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0116942
IRS990/DepreciationDepletionGrp/TotalAmt0164055
IRS990/Desc0PROVIDE COLLEGE LEVEL ACADEMIC PROGRAMS WITH CORRESPONDING STUDENT SERVICES AND ACTIVITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01649072
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm1KEN GOOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE GUNDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DEANNA HERMES
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVE WEBER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0123600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0SCHOOL PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt01100496
IRS990/GrantAmt0295998
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0295998
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0295998
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02759296
IRS990/GrossRentsGrp/RealAmt012050
IRS990/GrossSalesOfInventoryAmt0465
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt047588
IRS990/InsuranceGrp/ProgramServicesAmt086237
IRS990/InsuranceGrp/TotalAmt0133825
IRS990/InterestGrp/ProgramServicesAmt049760
IRS990/InterestGrp/TotalAmt049760
IRS990/InventoriesForSaleOrUseGrp/BOYAmt07348
IRS990/InventoriesForSaleOrUseGrp/EOYAmt05169
IRS990/InvestmentIncomeGrp/ExclusionAmt06425
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06425
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt087
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05470884
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02307917
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02973446
IRS990/LandBldgEquipCostOrOtherBssAmt08444330
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AN EDUCATION AND RELATED SERVICES TO ALL ENROLLED STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01004198
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0984065
IRS990/NetAssetsOrFundBalancesBOYAmt02052915
IRS990/NetAssetsOrFundBalancesEOYAmt02756409
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-7251
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-7251
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt012050
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt012050
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02052915
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02756409
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0104747
IRS990/OccupancyGrp/TotalAmt0104747
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1BOOKS IN TUITION
IRS990/OtherExpensesGrp/Desc2COMPUTER AND INTERNET EXP
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE/RECOVERY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt053580
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137341
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt231600
IRS990/OtherExpensesGrp/ProgramServicesAmt039156
IRS990/OtherExpensesGrp/TotalAmt053580
IRS990/OtherExpensesGrp/TotalAmt139156
IRS990/OtherExpensesGrp/TotalAmt237341
IRS990/OtherExpensesGrp/TotalAmt331600
IRS990/OtherLiabilitiesGrp/BOYAmt01000
IRS990/OtherLiabilitiesGrp/EOYAmt04600
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE - EXCLUDED
IRS990/OtherRevenueMiscGrp/Desc1RECREATION CENTER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029448
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15924
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029448
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15924
IRS990/OtherRevenueTotalAmt035372
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0924771
IRS990/OtherSalariesAndWagesGrp/TotalAmt0924771
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018235
IRS990/PayrollTaxesGrp/ProgramServicesAmt050945
IRS990/PayrollTaxesGrp/TotalAmt069180
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0269899
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0154421
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023435
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027080
IRS990/PrincipalOfficerNm0MIKE GUNDERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE-EXCL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01394307
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01394307
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE STUDENT HOUSING TO ALL ON-CAMPUS STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt091238
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0176495
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0540745
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0234239
IRS990/PYInvestmentIncomeAmt05553
IRS990/PYOtherExpensesAmt0696287
IRS990/PYOtherRevenueAmt029424
IRS990/PYProgramServiceRevenueAmt01240215
IRS990/PYRevenuesLessExpensesAmt0-139398
IRS990/PYSalariesCompEmpBnftPaidAmt01024809
IRS990/PYTotalExpensesAmt01955335
IRS990/PYTotalRevenueAmt01815937
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0703494
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012050
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01217812
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02171206
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03320900
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05492106
IRS990ScheduleD/EquipmentGrp/BookValueAmt0355646
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01784380
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02140026
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0249126
IRS990ScheduleD/ExpensesSubtotalAmt01798960
IRS990ScheduleD/LandGrp/BookValueAmt0179453
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0179453
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0109448
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0326604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0436052
IRS990ScheduleD/OtherExpensesNotIncludedAmt0249126
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0157693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0196693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT AND OTHER DEPOSIT COLLECTED
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0249126
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0249126
IRS990ScheduleD/RevenueSubtotalAmt02502454
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS 295,998 COST OF GOODS SOLD -46,872
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 295,998 COST OF GOODS SOLD -46,872
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02973446
IRS990ScheduleD/TotalExpensesPerForm990Amt02048086
IRS990ScheduleD/TotalLiabilityAmt04600
IRS990ScheduleD/TotalRevenuePerForm990Amt02751580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02502454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01798960
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE CATALOG STATES THAT ANYONE REGARDLESS OF RACE, COLOR, OR CREED CAN BE ADMITTED AND PARTICIPATE IN ANY COLLEGE PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTE RECEIVED FEDERAL FUNDS UNDER STUDENT FINANCIAL ASSISTANCE PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0295998
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY THE INSTITUTE'S VP OF FINANCE PRIOR TO FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HOLD AN EXECUTIVE SESSION TO REVIEW AND APPROVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MORRISON INSTITUTE OF TECHNOLOGY MAKES OUR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS -295,998 COST OF GOODS SOLD 46,872 SCHOLARSHIPS 295,998 COST OF GOODS SOLD -46,872
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03086686
IRS990/TotalAssetsEOYAmt03898887
IRS990/TotalAssetsGrp/BOYAmt03086686
IRS990/TotalAssetsGrp/EOYAmt03898887
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01310677
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0307776
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01740310
IRS990/TotalFunctionalExpensesGrp/TotalAmt02048086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01033771
IRS990/TotalLiabilitiesEOYAmt01142478
IRS990/TotalLiabilitiesGrp/BOYAmt01033771
IRS990/TotalLiabilitiesGrp/EOYAmt01142478
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02052915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02756409
IRS990/TotalProgramServiceExpensesAmt01740310
IRS990/TotalProgramServiceRevenueAmt01394307
IRS990/TotalReportableCompFromOrgAmt0123600
IRS990/TotalRevenueGrp/ExclusionAmt018475
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01422428
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02751580
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03086686
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03898887
IRS990/TravelGrp/ProgramServicesAmt07329
IRS990/TravelGrp/TotalAmt07329
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MORRISON.TEC.IL.US/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE GUNDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08157727218
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRISON INSTITUTE OF TECHNOLOGY
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0362919340
ReturnHeader/Filer/PhoneNum08157727218
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 PORTLAND AVENUE
ReturnHeader/Filer/USAddress/CityNm0MORRISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061270
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270402452
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WINKEL PARKER & FOSTER CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 19TH AVE NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLINTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0527322434
ReturnHeader/PreparerPersonGrp/PhoneNum05632423440
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK W PARKER CPA
ReturnHeader/ReturnTs02025-10-09T16:16:02-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.