Morris College
- Assets
- $47.3m
- Revenue
- $16.2m
- Investments
- $13.2m
- Employees
- 225
- Location
- Sumter, SC
- Founding
- 09/1961
- Data as of
- 06/2021
- EIN
- 57-6000734
Organization Overview
Morris College is located in Sumter, SC. The organization was established in 1961. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Morris College employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Morris College generated $16.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $14.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MORRIS COLLEGE IS TO PRODUCE GRADUATES WHO CAN PURSUE USEFUL AND PRODUCTIVE CAREERS AND IN SO DOING ENHANCE THEIR OWN LIVES AND THE SOCIETY IN WHICH THEY TAKE THEIR PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORRIS COLLEGE IS AN ACCREDITED, FOUR-YEAR, COEDUCATIONAL, RESIDENTIAL, LIBERAL ARTS INSTITUTION AWARDING BACCALAUREATE DEGREES IN THE ARTS AND SCIENCES. THE COLLEGE SERVES THE NEEDS OF ITS STUDENTS, ALUMNI AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Staggers Highest Compensated Employee | 40 | $145,000 | |
Jacob E Butler Jr Highest Compensated Employee | 40 | $106,144 | |
Radman M Ali Highest Compensated Employee | 40 | $100,599 | |
Robert Eaves Director Of Business Affairs | Officer | 40 | $100,308 |
Dr Henry B Peoples Vice Chairman | Officer | 1 | $0 |
Dr Kenny W Rose Chairman | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenzabar Inc Educatiom Software And Services | 6/29/20 | $190,222 |
Wellfleet Group Llc Insurance | 6/29/20 | $160,950 |
Sc General Contracting Llc Replacement Of Roofs And Gutters | 6/29/20 | $120,355 |
Jenzabar Inc Educatiom Software And Services | 6/29/20 | $190,222 |
Aladdin Food Management Services Llc Dining Services | 6/29/20 | $1,504,352 |
Norman Williams & Associates Inc Recruting | 6/29/20 | $168,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,421,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,019,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,441,088 |
| Total Program Service Revenue | $6,247,780 |
| Investment income | $241,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,212,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,296 |
| Compensation of current officers, directors, key employees. | $37,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,276,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,048,396 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $236,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,511 |
| Fees for services: Other | $101,922 |
| Advertising and promotion | $1,724 |
| Office expenses | $441,900 |
| Information technology | $24,421 |
| Royalties | $0 |
| Occupancy | $1,245,298 |
| Travel | $40,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,216 |
| Interest | $51,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,503,794 |
| Insurance | $192,477 |
| All other expenses | -$81,943 |
| Total functional expenses | $14,254,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,812,711 |
| Savings and temporary cash investments | $1,601,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,178,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,398 |
| Prepaid expenses and deferred charges | $67,266 |
| Net Land, buildings, and equipment | $28,297,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,165,682 |
| Investments—program-related | $0 |
| Intangible assets | $571 |
| Other assets | $0 |
| Total assets | $47,268,567 |
| Accounts payable and accrued expenses | $1,805,701 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,362,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,085,991 |
| Total liabilities | $5,254,192 |
| Net assets without donor restrictions | $27,519,776 |
| Net assets with donor restrictions | $14,494,599 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,268,567 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Morris College has recieved totaling $935,091.
| Awarding Organization | Amount |
|---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN | $793,691 |
The Williams Brice Edwards Charitable Trust Sumter, SC PURPOSE: SCHOLARSHIP FUNDS | $100,000 |
South Carolina Independent Colleges And Universities Inc Columbia, SC PURPOSE: HIGHER EDUCATION | $20,700 |
Glenmore And May Sharp Trust Mt Pleasant, SC PURPOSE: SCHOLARSHIPS FOR NEEDY STUDENTS. | $15,000 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $5,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 03/09/21 | $100 |
Endowment Analysis
| Beg. Balance | $10,854,000 |
| Earnings | $1,970,234 |
| Net Contributions | $180,968 |
| Ending Balance | $13,005,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guilford College Greensboro, NC | $214,106,962 | $54,557,208 |
Covenant College Inc Lookout Mountain, GA | $98,255,603 | $50,724,767 |
Barton College Wilson, NC | $97,394,035 | $47,073,555 |
Reinhardt University Waleska, GA | $120,947,179 | $50,634,912 |
Erskine College Due West, SC | $80,598,505 | $43,903,518 |
Warren Wilson College Asheville, NC | $113,155,084 | $40,910,763 |
Shaw University Raleigh, NC | $72,503,111 | $66,988,324 |
Lagrange College Lagrange, GA | $157,918,154 | $43,354,732 |
Livingstone College Salisbury, NC | $87,006,001 | $42,495,436 |
Lees-Mcrae College Incorporated Banner Elk, NC | $87,696,802 | $41,070,473 |
Point University Inc West Point, GA | $44,703,708 | $34,264,819 |
Montreat College Montreat, NC | $33,516,300 | $39,329,808 |