Civic Intelligence

Morris Brown College

990 • Fiscal year 2017 • EIN 58-0607083

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 24, 2019

643 Martin Luther King Jr Drive NWAtlanta, GA 30314

(404) 458-6085

Siviq Scores

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

Liabilities / Assets

99th percentile

2.80x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.56x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

6.5%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-8.1%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,549,522

Up $95,100 (+6.5%) from 2016

Net Assets

Down

-$2,788,578

Down $328,443 (-13%) from 2016

Liabilities

Up

$4,338,100

Up $423,543 (+11%) from 2016

Revenue

Down

$1,696,569

Down $150,218 (-8.1%) from 2016

Expenses

Down

$1,945,325

Down $83,750 (-4.1%) from 2016

Net Income

Down

-$248,756

Down $66,468 (-36%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2009: $37,299,471Liabilities 2009: $34,523,448Net Assets 2009: $2,776,0232009Assets 2010: $36,576,644Liabilities 2010: $42,558,382Net Assets 2010: -$5,981,7382010Assets 2011: $35,595,771Liabilities 2011: $44,427,462Net Assets 2011: -$8,831,6912011Assets 2012: $33,599,531Liabilities 2012: $35,274,583Net Assets 2012: -$1,675,0522012Assets 2013: $30,542,755Liabilities 2013: $34,312,484Net Assets 2013: -$3,769,7292013Assets 2014: $29,643,857Liabilities 2014: $17,318,786Net Assets 2014: $12,325,0712014Assets 2015: $9,017,855Liabilities 2015: $3,506,889Net Assets 2015: $5,510,9762015Assets 2016: $1,454,422Liabilities 2016: $3,914,557Net Assets 2016: -$2,460,1352016Assets 2017: $1,549,522Liabilities 2017: $4,338,100Net Assets 2017: -$2,788,5782017Assets 2018: $2,746,638Liabilities 2018: $4,473,055Net Assets 2018: -$1,726,4172018Assets 2019: $2,458,436Liabilities 2019: $555,918Net Assets 2019: $1,902,5182019Assets 2020: $3,395,426Liabilities 2020: $293,545Net Assets 2020: $3,101,8812020Assets 2021: $4,962,206Liabilities 2021: $320,176Net Assets 2021: $4,642,0302021Assets 2022: $5,712,609Liabilities 2022: $190,059Net Assets 2022: $5,522,5502022Assets 2023: $7,226,803Liabilities 2023: $752,618Net Assets 2023: $6,474,1852023Assets 2024: $12,420,838Liabilities 2024: $963,832Net Assets 2024: $11,457,0062024

Highlighted filing

2017

Assets$1,549,522
Liabilities$4,338,100
Net Assets-$2,788,578

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2009: $4,625,734Expenses 2009: $6,325,135Net Income 2009: -$1,699,4012009Revenue 2010: $2,250,618Expenses 2010: $6,402,194Net Income 2010: -$4,151,5762010Revenue 2011: $2,343,093Expenses 2011: $5,193,046Net Income 2011: -$2,849,9532011Revenue 2012: $12,216,036Expenses 2012: $4,416,398Net Income 2012: $7,799,6382012Revenue 2013: $1,218,203Expenses 2013: $2,427,540Net Income 2013: -$1,209,3372013Revenue 2014: $1,274,706Expenses 2014: $2,602,563Net Income 2014: -$1,327,8572014Revenue 2015: $11,368,510Expenses 2015: $2,541,091Net Income 2015: $8,827,4192015Revenue 2016: $1,846,787Expenses 2016: $2,029,075Net Income 2016: -$182,2882016Revenue 2017: $1,696,569Expenses 2017: $1,945,325Net Income 2017: -$248,7562017Revenue 2018: $1,970,700Expenses 2018: $1,949,226Net Income 2018: $21,4742018Revenue 2019: $5,814,687Expenses 2019: $1,478,906Net Income 2019: $4,335,7812019Revenue 2020: $2,315,751Expenses 2020: $1,247,188Net Income 2020: $1,068,5632020Revenue 2021: $3,327,139Expenses 2021: $1,957,110Net Income 2021: $1,370,0292021Revenue 2022: $3,864,157Expenses 2022: $3,029,477Net Income 2022: $834,6802022Revenue 2023: $6,701,437Expenses 2023: $5,073,395Net Income 2023: $1,628,0422023Revenue 2024: $10,885,938Expenses 2024: $5,933,032Net Income 2024: $4,952,9062024

Highlighted filing

2017

Revenue$1,696,569
Expenses$1,945,325
Net Income-$248,756
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 24, 2019
Return Version
2016v3.0
Gross Receipts
$1,696,569
Mission and Program Overview

Mission

To provide educational opportunities in a positive and nurturing environment that will enable its students to become fully functional persons in the global society. The College prepares graduates to live meaningful and rewarding lives thereby enabling them to make socially constructive and culturally relevant contributions to society.

Morris brown is an institution of higher learning

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,161,944$1,161,944→ $0
Accounts Receivable$107,677$250,418▲ $142,741
Prepaid Expenses and Deferred Charges$32,262$104,616▲ $72,354
Cash and Non-Interest-Bearing Accounts$152,539$219▼ $152,320
Rtn Earn Endowment Incm Other Fnds$-2,460,135$-2,788,578▼ $328,443
Total Assets$1,454,422$1,549,522▲ $95,100
Other Assets Total-$32,325-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,500,000$3,500,000→ $0
Other Liabilities-$555,518-
Accounts Payable and Accrued Expenses$414,557$282,582▼ $131,975
Total Liabilities$3,914,557$4,338,100▲ $423,543
Net Assets / Fund Balance
Unrestricted Net Assets$-2,460,135$-2,788,578▼ $328,443
Total Net Assets Fund Balance$-2,460,135$-2,788,578▼ $328,443
Total Liabilities and Net Assets / Fund Balance$1,454,422$1,549,522▲ $95,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,161,944$3,137,027$4,298,971
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perry SimmonsBoard Vice Chair
Reginald T JacksonBoard Chaur
Ceasar MitchellBoard Member
Gregory EasonBoard Member
James AtkinsonBoard Member
Jeffrey MillerBoard Member
John FosterBoard Member
Kenneth MarcusBoard Member
Nasoralah FarokhiBoard Member
Robert BarnettBoard Member
Shirley BarlowBoard Member
Victoria JenkinsBoard Member
William J StanleyBoard Member
George HopkinsBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,464,640
Program Service Revenue
$231,869
Investment Income
$60
Other Revenue
$0
All Other Contributions
$1,069,640
Change in Net Assets
$-248,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,475,208
Salaries, Compensation, and Employee Benefits$470,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$314,177-$314,177
Other Salaries and Wages$159,940--$155,940
Other Expenses$13,483--$13,483
Total Functional Expenses$1,638,148$314,177$0$1,945,325
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$555,518
Other Current Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Morris Brown College
EIN
58-0607083
Address
643 MARTIN LUTHER KING JR DRIVE NW, Atlanta, GA 30314

Signing Officer

Name
Shermanetta Carter
Title
Chief Financial Officer
Phone
4044586085
Signed
2019-07-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Shermanetta Carter CFO
Formed
1906
Legal Domicile
Ga
Voting Board Members
19
Independent Board Members
18
Employees
34
Volunteers
20

Preparer

Firm
Iko Consulting LLC
Address
2265 ROSWELL RD STE 111, MARIETTA, GA 30062
Preparer
Eric W Perdue
Phone
7705094821
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Morris brown college mission is to provide a quality education to students from various backgrounds and all walks of life.

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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/Organization501c3Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt032325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ACADEMIC SUPPORT
IRS990/OtherExpensesGrp/Desc1AUXILIARY ENTERPRISES
IRS990/OtherExpensesGrp/Desc2INSTITUTIONAL SUPPORT
IRS990/OtherExpensesGrp/Desc3INSTRUCTION STUDENT SRVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt01826
IRS990/OtherExpensesGrp/ProgramServicesAmt1135540
IRS990/OtherExpensesGrp/ProgramServicesAmt21327359
IRS990/OtherExpensesGrp/ProgramServicesAmt313483
IRS990/OtherExpensesGrp/TotalAmt01826
IRS990/OtherExpensesGrp/TotalAmt1132540
IRS990/OtherExpensesGrp/TotalAmt21327359
IRS990/OtherExpensesGrp/TotalAmt313483
IRS990/OtherLiabilitiesGrp/EOYAmt0555518
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0159940
IRS990/OtherSalariesAndWagesGrp/TotalAmt0155940
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032262
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0104616
IRS990/PrincipalOfficerNm0SHERMANETTA CARTER CFO
IRS990/PriorPeriodAdjustmentsAmt0-79687
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0AUXILIARY ENTERPRISES
IRS990/ProgramServiceRevenueGrp/Desc1TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc2TRANSCRIPT GRAD FEES
IRS990/ProgramServiceRevenueGrp/Desc3MISC INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022037
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1197275
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1197275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31269
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01472326
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01636652
IRS990/PYProgramServiceRevenueAmt0374443
IRS990/PYRevenuesLessExpensesAmt0-182288
IRS990/PYSalariesCompEmpBnftPaidAmt0392423
IRS990/PYTotalExpensesAmt02029075
IRS990/PYTotalRevenueAmt01846787
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-248756
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01696569
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-2460135
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2788578
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01161944
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03137027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04298971
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0555518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01161944
IRS990ScheduleD/TotalLiabilityAmt0555518
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0true
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Morris Brown College lost it accreditation and is in the process of obtaining reinstatemnt.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MORRIS BROWN COLLEGE MISSION IS TO PROVIDE A QUALITY EDUCATION TO STUDENTS FROM VARIOUS BACKGROUNDS AND ALL WALKS OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01454422
IRS990/TotalAssetsEOYAmt01549522
IRS990/TotalAssetsGrp/BOYAmt01454422
IRS990/TotalAssetsGrp/EOYAmt01549522
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01464640
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0314177
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01638148
IRS990/TotalFunctionalExpensesGrp/TotalAmt01945325
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03914557
IRS990/TotalLiabilitiesEOYAmt04338100
IRS990/TotalLiabilitiesGrp/BOYAmt03914557
IRS990/TotalLiabilitiesGrp/EOYAmt04338100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2460135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2788578
IRS990/TotalProgramServiceExpensesAmt01638148
IRS990/TotalProgramServiceRevenueAmt0231869
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0231869
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01696569
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01454422
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01549522
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2460135
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2788578
IRS990/USAddress/AddressLine1Txt0643 MARTIN LUTHER KING JR DRIVE
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030314
IRS990/VotingMembersGoverningBodyCnt019

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.$12.4$0.96$11.5$10.9$5.93$4.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.23$0.75$6.47$6.70$5.07$1.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$0.19$5.52$3.86$3.03$0.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.32$4.64$3.33$1.96$1.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.29$3.10$2.32$1.25$1.07
2019Summary only. Only limited summary data is available for this year.$2.46$0.56$1.90$5.81$1.48$4.34
2018Summary only. Only limited summary data is available for this year.$2.75$4.47$1.73$1.97$1.95$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.55$4.34$2.79$1.70$1.95$0.25
2016Summary only. Only limited summary data is available for this year.$1.45$3.91$2.46$1.85$2.03$0.18
2015Summary only. Only limited summary data is available for this year.$9.02$3.51$5.51$11.4$2.54$8.83
2014Summary only. Only limited summary data is available for this year.$29.6$17.3$12.3$1.27$2.60$1.33
2013Summary only. Only limited summary data is available for this year.$30.5$34.3$3.77$1.22$2.43$1.21
2012Summary only. Only limited summary data is available for this year.$33.6$35.3$1.68$12.2$4.42$7.80
2011Summary only. Only limited summary data is available for this year.$35.6$44.4$8.83$2.34$5.19$2.85
2010Summary only. Only limited summary data is available for this year.$36.6$42.6$5.98$2.25$6.40$4.15
2009Summary only. Only limited summary data is available for this year.$37.3$34.5$2.78$4.63$6.33$1.70