Civic Intelligence

Morrison Institute of Technology

990 • Fiscal year 2015 • EIN 36-2919340

Jun 01, 2014 to May 31, 2015 • Filed on Aug 31, 2015

Organization ProfileWWW.MORRISON.TEC.IL.US

View Organization Page

701 Portland AvenueMorrison, IL 61270

(815) 772-7218

Siviq Scores

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

Liabilities / Assets

67th percentile

0.27x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.36x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

50th percentile

2.7%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

31st percentile

-3.0%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-10%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$2,402,055

Down $75,455 (-3.0%) from 2014

Net Assets

Up

$1,743,392

Up $50,048 (+3.0%) from 2014

Liabilities

Down

$658,663

Down $125,503 (-16%) from 2014

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin50th percentile

Revenue

Down

$1,831,939

Down $207,971 (-10%) from 2014

Expenses

Down

$1,781,891

Down $53,692 (-2.9%) from 2014

Net Income

Down

$50,048

Down $154,279 (-76%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$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

2015

Assets$2,402,055
Liabilities$658,663
Net Assets$1,743,392
Open 2015 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$1,831,939
Expenses$1,781,891
Net Income$50,048
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Aug 31, 2015
Return Version
2014v5.0
Gross Receipts
$1,865,209
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$2,133,204$2,042,392▼ $90,812
Cash and Non-Interest-Bearing Accounts$286,142$281,310▼ $4,832
Accounts Receivable$36,724$55,185▲ $18,461
Inventories for Sale or Use$13,213$14,177▲ $964
Prepaid Expenses and Deferred Charges$8,227$8,991▲ $764
Total Assets$2,477,510$2,402,055▼ $75,455
Liabilities
Mortgage Notes Payable Secured by Investment Property$760,381$628,805▼ $131,576
Accounts Payable and Accrued Expenses$17,975$17,798▼ $177
Deferred Revenue-$6,050-
Other Liabilities$5,810$6,010▲ $200
Total Liabilities$784,166$658,663▼ $125,503
Net Assets / Fund Balance
Unrestricted Net Assets$1,693,344$1,743,392▲ $50,048
Total Net Assets Fund Balance$1,693,344$1,743,392▲ $50,048
Total Liabilities and Net Assets / Fund Balance$2,477,510$2,402,055▼ $75,455

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,491,238$2,444,622$3,935,860
Equipment$146,389$1,802,485$1,948,874
Leasehold Improvements$75,616$234,551$310,167
Other Land Buildings$157,693$39,000$196,693
Land$171,456-$171,456
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Leroy WrightChairman
Craig GrayDirector
Dave WeberDirector
Mike GundersonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$305,048
Program Service Revenue
$1,466,504
Investment Income
$1,824
Other Revenue
$58,563
All Other Contributions
$100
Change in Net Assets
$50,048

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,623,249
Revenue Not Reported on Financial Statements
$208,690
Other Revenue Adjustments
$208,690
Total Revenue per Audited Statements
$1,623,249
Total Revenue per Form 990
$1,831,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$893,941
Other Expenses$645,990
Grants and Similar Amounts Paid$241,960
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$684,724$148,026-$832,750
Grants to Domestic Individuals$241,960--$241,960
Depreciation Depletion$140,988$15,028-$156,016
Insurance$91,452$29,227-$120,679
All Other Expenses$54,847$40,163-$95,010
Occupancy$83,688--$83,688
Payroll Taxes$50,261$10,930-$61,191
Interest$33,880--$33,880
Other Expenses$24,439$1,263-$25,702
Travel$6,812$3,596-$10,408
Total Functional Expenses$1,417,876$364,015$0$1,781,891

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,781,891
Expenses per Audited Statements$1,573,201
Total Expenses per Audited Statements$1,573,201
Expenses Not Reported on Financial Statements$208,690
Other Expense Adjustments$208,690
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$6,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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 board of directors 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
Richard Parkinson
Title
VP of Finance
Phone
8157727218
Signed
2015-08-31

Organization Details

Principal Officer
Richard Parkinson
Formed
1977
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
21

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 -241,960 cost of good sold 33,270 scholarships 241,960 cost of goods sold -33,270”

Financial Statement Notes

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

“Scholarships 241,960 cost of good sold -33,270”

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

“Scholarships 241,960 cost of goods sold -33,270”

Raw XML Appendix381 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/BOYAmt017975
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017798
IRS990/AccountsReceivableGrp/BOYAmt036724
IRS990/AccountsReceivableGrp/EOYAmt055185
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AN EDUCATION AND RELATED SERVICES TO ALL ENROLLED STUDENTS.
IRS990/AllOtherContributionsAmt0100
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt040163
IRS990/AllOtherExpensesGrp/ProgramServicesAmt054847
IRS990/AllOtherExpensesGrp/TotalAmt095010
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0RICHARD PARKINSON
IRS990/BooksInCareOfDetail/PhoneNum08157727218
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0MORRISON INSTITUE OF TECHNOLOGY
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0721 PORTLAND AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MORRISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061270
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0286142
IRS990/CashNonInterestBearingGrp/EOYAmt0281310
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt033270
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0305048
IRS990/CYGrantsAndSimilarPaidAmt0241960
IRS990/CYInvestmentIncomeAmt01824
IRS990/CYOtherExpensesAmt0645990
IRS990/CYOtherRevenueAmt058563
IRS990/CYProgramServiceRevenueAmt01466504
IRS990/CYRevenuesLessExpensesAmt050048
IRS990/CYSalariesCompEmpBnftPaidAmt0893941
IRS990/CYTotalExpensesAmt01781891
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01831939
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt06050
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015028
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0140988
IRS990/DepreciationDepletionGrp/TotalAmt0156016
IRS990/Desc0PROVIDE COLLEGE LEVEL ACADEMIC PROGRAMS WITH CORRESPONDING STUDENT SERVICES AND ACTIVITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01288356
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
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/PersonNm0LEROY WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm1CRAIG GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE GUNDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVE WEBER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt01750
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0304948
IRS990/GrantAmt0241960
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0241960
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0241960
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01750
IRS990/GrossReceiptsAmt01865209
IRS990/GrossRentsGrp/RealAmt028440
IRS990/GrossSalesOfInventoryAmt042608
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt029227
IRS990/InsuranceGrp/ProgramServicesAmt091452
IRS990/InsuranceGrp/TotalAmt0120679
IRS990/InterestGrp/ProgramServicesAmt033880
IRS990/InterestGrp/TotalAmt033880
IRS990/InventoriesForSaleOrUseGrp/BOYAmt013213
IRS990/InventoriesForSaleOrUseGrp/EOYAmt014177
IRS990/InvestmentIncomeGrp/ExclusionAmt074
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt074
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt083
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04520658
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02133204
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02042392
IRS990/LandBldgEquipCostOrOtherBssAmt06563050
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/BOYAmt0760381
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0628805
IRS990/NetAssetsOrFundBalancesBOYAmt01693344
IRS990/NetAssetsOrFundBalancesEOYAmt01743392
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01750
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01750
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt09338
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt09338
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt028440
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt028440
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt083688
IRS990/OccupancyGrp/TotalAmt083688
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENT AND MAINT
IRS990/OtherExpensesGrp/Desc3PRINTING & PUBLICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049036
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt143315
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223431
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31263
IRS990/OtherExpensesGrp/ProgramServicesAmt04825
IRS990/OtherExpensesGrp/ProgramServicesAmt124439
IRS990/OtherExpensesGrp/TotalAmt049036
IRS990/OtherExpensesGrp/TotalAmt143315
IRS990/OtherExpensesGrp/TotalAmt228256
IRS990/OtherExpensesGrp/TotalAmt325702
IRS990/OtherLiabilitiesGrp/BOYAmt05810
IRS990/OtherLiabilitiesGrp/EOYAmt06010
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020785
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020785
IRS990/OtherRevenueTotalAmt020785
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0148026
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0684724
IRS990/OtherSalariesAndWagesGrp/TotalAmt0832750
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010930
IRS990/PayrollTaxesGrp/ProgramServicesAmt050261
IRS990/PayrollTaxesGrp/TotalAmt061191
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08227
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08991
IRS990/PrincipalOfficerNm0RICHARD PARKINSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE -EXCL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01466504
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01466504
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE STUDENT HOUSING TO ALL ON-CAMPUS STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0129520
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0332163
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0249730
IRS990/PYInvestmentIncomeAmt045025
IRS990/PYOtherExpensesAmt0692931
IRS990/PYOtherRevenueAmt078786
IRS990/PYProgramServiceRevenueAmt01583936
IRS990/PYRevenuesLessExpensesAmt0204327
IRS990/PYSalariesCompEmpBnftPaidAmt0892922
IRS990/PYTotalExpensesAmt01835583
IRS990/PYTotalRevenueAmt02039910
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt050048
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt028440
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01491238
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02444622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03935860
IRS990ScheduleD/EquipmentGrp/BookValueAmt0146389
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01802485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01948874
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0208690
IRS990ScheduleD/ExpensesSubtotalAmt01573201
IRS990ScheduleD/LandGrp/BookValueAmt0171456
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0171456
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt075616
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0234551
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0310167
IRS990ScheduleD/OtherExpensesNotIncludedAmt0208690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0157693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0196693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT AND OTHER DEPOSIT COLLECTED
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0208690
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0208690
IRS990ScheduleD/RevenueSubtotalAmt01623249
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS 241,960 COST OF GOOD SOLD -33,270
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 241,960 COST OF GOODS SOLD -33,270
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02042392
IRS990ScheduleD/TotalExpensesPerForm990Amt01781891
IRS990ScheduleD/TotalLiabilityAmt06010
IRS990ScheduleD/TotalRevenuePerForm990Amt01831939
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01623249
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01573201
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/CashGrantAmt0241960
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY THE INSTITUTE'S BOARD OF DIRECTORS 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 -241,960 COST OF GOOD SOLD 33,270 SCHOLARSHIPS 241,960 COST OF GOODS SOLD -33,270
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02477510
IRS990/TotalAssetsEOYAmt02402055
IRS990/TotalAssetsGrp/BOYAmt02477510
IRS990/TotalAssetsGrp/EOYAmt02402055
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0305048
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0364015
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01417876
IRS990/TotalFunctionalExpensesGrp/TotalAmt01781891
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0784166
IRS990/TotalLiabilitiesEOYAmt0658663
IRS990/TotalLiabilitiesGrp/BOYAmt0784166
IRS990/TotalLiabilitiesGrp/EOYAmt0658663
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01693344
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01743392
IRS990/TotalProgramServiceExpensesAmt01417876
IRS990/TotalProgramServiceRevenueAmt01466504
IRS990/TotalRevenueGrp/ExclusionAmt028514
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01498377
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01831939
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02477510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02402055
IRS990/TravelGrp/ManagementAndGeneralAmt03596
IRS990/TravelGrp/ProgramServicesAmt06812
IRS990/TravelGrp/TotalAmt010408
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01693344
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01743392
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0MORRISON INSTITUTE OF TECHNOLOGY
IRS990/USAddress/CityNm0MORRISON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061270
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MORRISON.TEC.IL.US/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD PARKINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum08157727218
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-31
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/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/PreparationDt02015-09-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK W PARKER CPA
ReturnHeader/ReturnTs02015-09-17T10:08:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,402,055
Liabilities
$658,663
Net assets
$1,743,392
Revenue
$1,831,939
Expenses
$1,781,891
Net income
$50,048
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