Civic Intelligence

Morrison Institute of Technology

990 • Fiscal year 2019 • EIN 36-2919340

Jun 01, 2018 to May 31, 2019 • Filed on Aug 21, 2019

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

73rd percentile

0.32x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.38x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

47th percentile

2.3%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

79th percentile

19%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$3,025,888

Up $493,643 (+19%) from 2018

Net Assets

Up

$2,067,868

Up $58,436 (+2.9%) from 2018

Liabilities

Up

$958,020

Up $435,207 (+83%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin47th percentile

Revenue

Up

$2,521,602

Up $280,804 (+13%) from 2018

Expenses

Up

$2,463,166

Up $334,609 (+16%) from 2018

Net Income

Down

$58,436

Down $53,805 (-48%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2019

Assets$3,025,888
Liabilities$958,020
Net Assets$2,067,868
Open 2019 Filing

Operations Trend

Revenue Growth66th 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

2019

Revenue$2,521,602
Expenses$2,463,166
Net Income$58,436
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Aug 21, 2019
Return Version
2018v3.1
Gross Receipts
$2,563,207
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$2,326,567$2,740,700▲ $414,133
Cash and Non-Interest-Bearing Accounts$134,817$227,730▲ $92,913
Accounts Receivable$49,474$28,994▼ $20,480
Inventories for Sale or Use$12,023$17,782▲ $5,759
Prepaid Expenses and Deferred Charges$9,364$10,682▲ $1,318
Total Assets$2,532,245$3,025,888▲ $493,643
Liabilities
Mortgage Notes Payable Secured by Investment Property$373,123$935,108▲ $561,985
Accounts Payable and Accrued Expenses$131,095$15,631▼ $115,464
Deferred Revenue$17,895$6,581▼ $11,314
Other Liabilities$700$700→ $0
Total Liabilities$522,813$958,020▲ $435,207
Net Assets / Fund Balance
Unrestricted Net Assets$2,009,432$2,067,868▲ $58,436
Total Net Assets Fund Balance$2,009,432$2,067,868▲ $58,436
Total Liabilities and Net Assets / Fund Balance$2,532,245$3,025,888▲ $493,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,966,700$2,814,510$4,781,210
Equipment$355,842$1,306,845$1,662,687
Leasehold Improvements$81,012$269,291$350,303
Other Land Buildings$157,693$39,000$196,693
Land$179,453-$179,453
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris ScottSchool PresiFT$120,000$120,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$452,342
Program Service Revenue
$2,020,461
Investment Income
$87
Other Revenue
$48,712
Change in Net Assets
$58,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,195,867
Revenue Not Reported on Financial Statements
$325,735
Other Revenue Adjustments
$325,735
Total Revenue per Audited Statements
$2,195,867
Total Revenue per Form 990
$2,521,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,289,418
Other Expenses$806,408
Grants and Similar Amounts Paid$367,340
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$897,189--$897,189
Grants to Domestic Individuals$367,340--$367,340
Current Officers, Directors, Trustees, and Key Employees-$305,295-$305,295
Depreciation Depletion$149,882$23,415-$173,297
Insurance$115,188$49,146-$164,334
All Other Expenses$47,579$90,721-$138,300
Occupancy$90,433--$90,433
Payroll Taxes$64,906$22,028-$86,934
Interest$41,211$1,615-$42,826
Other Expenses$9,635$29,894-$39,529
Travel$8,821$3,970-$12,791
Total Functional Expenses$1,858,485$604,681$0$2,463,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,463,166
Expenses per Audited Statements$2,137,431
Total Expenses per Audited Statements$2,137,431
Expenses Not Reported on Financial Statements$325,735
Other Expense Adjustments$325,735
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$700
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 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
Dan Ports
Title
Director
Phone
8157727218
Signed
2019-08-21

Organization Details

Principal Officer
Dan Ports
Formed
1977
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
24

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 -367,340 cost of goods sold 41,605 scholarships 367,340 cost of goods sold -41,605”

Financial Statement Notes

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

“Scholarships 367,340 cost of goods sold -41,605”

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

“Scholarships 367,340 cost of goods sold -41,605”

Raw XML AppendixShowing 400 of 405 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.

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IRS990/RevenueAmt01771848
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02814510
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0355842
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01306845
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01662687
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0325735
IRS990ScheduleD/ExpensesSubtotalAmt02137431
IRS990ScheduleD/LandGrp/BookValueAmt0179453
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0179453
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt081012
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0269291
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0350303
IRS990ScheduleD/OtherExpensesNotIncludedAmt0325735
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0157693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0196693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT AND OTHER DEPOSIT COLLECTED
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0325735
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0325735
IRS990ScheduleD/RevenueSubtotalAmt02195867
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS 367,340 COST OF GOODS SOLD -41,605
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 367,340 COST OF GOODS SOLD -41,605
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02740700
IRS990ScheduleD/TotalExpensesPerForm990Amt02463166
IRS990ScheduleD/TotalLiabilityAmt0700
IRS990ScheduleD/TotalRevenuePerForm990Amt02521602
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02195867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02137431
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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/CashGrantAmt0367340
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990/ScheduleORequiredInd0true
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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 -367,340 COST OF GOODS SOLD 41,605 SCHOLARSHIPS 367,340 COST OF GOODS SOLD -41,605
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03025888
IRS990/TotalAssetsGrp/BOYAmt02532245
IRS990/TotalAssetsGrp/EOYAmt03025888
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0452342
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0604681
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01858485
IRS990/TotalFunctionalExpensesGrp/TotalAmt02463166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0522813
IRS990/TotalLiabilitiesEOYAmt0958020
IRS990/TotalLiabilitiesGrp/BOYAmt0522813
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IRS990/TotalProgramServiceExpensesAmt01858485
IRS990/TotalProgramServiceRevenueAmt02020461
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/ExclusionAmt028615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02040645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02521602
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02532245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03025888
IRS990/TravelGrp/ManagementAndGeneralAmt03970
IRS990/TravelGrp/ProgramServicesAmt08821
IRS990/TravelGrp/TotalAmt012791
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt02009432
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02067868
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MORRISON.TEC.IL.US/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK W PARKER CPA

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,025,888
Liabilities
$958,020
Net assets
$2,067,868
Revenue
$2,521,602
Expenses
$2,463,166
Net income
$58,436
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