MORNINGSIDE UNIVERSITY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MORNINGSIDE UNIVERSITY (EIN 42-0680400)
- Tax period
- 2019-06-01 to 2020-05-31
- Filed
- 2021-04-14
- IRS object ID
- 202111049349300726
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-04-14T11:24:36-07:00 | ReturnTs |
| Tax Period End | 2020-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680400 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORNINGSIDE COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MORN | BusinessNameControlTxt |
| Phone | 7122745000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1501 Morningside Avenue | AddressLine1Txt |
| City | Sioux City | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 511061717 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ronald Jorgensen | PersonNm |
| Person Title | VP for Business & Finance | PersonTitleTxt |
| Phone | 7122745000 | PhoneNum |
| Signature | 2021-04-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | John Reynders | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4405 Old Lakeport Rd | AddressLine1Txt |
| City | Sioux City | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 51106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,601,777 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.morningside.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1894 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | Morningside College is a 4 year private college, that provides a liberal arts education to full and part-time students, including co-curricular activities (Residence Halls, Dining, Bookstore...). | ActivityOrMissionDesc |
| Voting Members Governing Body | 41 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 38 | VotingMembersIndependentCnt |
| Total Employee | 1236 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $2,280 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,641,938 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,472,325 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $49,283,124 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $51,223,831 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,144,167 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,209,085 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,609,196 | PYOtherRevenueAmt |
| CY Other Revenue | $336,069 | CYOtherRevenueAmt |
| PY Total Revenue | $59,678,425 | PYTotalRevenueAmt |
| CY Total Revenue | $57,241,310 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $19,827,222 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $20,555,092 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,693,111 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,769,944 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,246,034 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,885,289 | PYOtherExpensesAmt |
| CY Other Expenses | $16,266,371 | CYOtherExpensesAmt |
| PY Total Expenses | $58,405,622 | PYTotalExpensesAmt |
| CY Total Expenses | $58,591,407 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,272,803 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,350,097 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $131,750,943 | TotalAssetsBOYAmt |
| Total Assets EOY | $128,662,837 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $47,594,304 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $44,449,533 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,156,639 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $84,213,304 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MORNINGSIDE COLLEGE EXPERIENCE CULTIVATES A PASSION FOR LIFE-LONG LEARNING AND A DEDICATION TO ETHICAL LEADERSHIP AND CIVIC RESPONSIBILITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $44,455,844 | ExpenseAmt |
| Grant | $20,555,092 | GrantAmt |
| Revenue | $41,839,492 | RevenueAmt |
| Desc | Provides Graduate and Under Graduate classes for students | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,326,214 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $3,692,769 | RevenueAmt |
| Desc | Provides residence Hall (living quarters) for full time Under Graduate students. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,942,421 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $3,322,220 | RevenueAmt |
| Desc | Provide food service (cafeteria) for students. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $262,674 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $2,385,138 | RevenueAmt |
| Desc | Expenses consist of a Fair Value Hedge expense interest due to an interest rate exchange agreement for some longterm debt and a number of other smaller transactions | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $262,674 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $2,385,138 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $48,987,153 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 167 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1236 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 41 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 38 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Treft | PersonNm |
| Phone | 7122745000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1501 Morningside Avenue | AddressLine1Txt |
| City | Sioux City | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 511061717 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| JOHN REYNDERS | |||||||||
| PRESIDENT | 40 | 0 | Yes (X) | $319,865 | $0 | $25,138 | |||
| RONALD JORGENSEN | |||||||||
| VICE PRESIDENT - BUSINESS & FINANCE | 40 | 0 | Yes (X) | $165,949 | $0 | $23,823 | |||
| TERRI CURRY | |||||||||
| VICE PRESIDENT - STUDENT LIFE | 40 | 0 | $158,220 | $0 | $25,858 | Yes (X) | |||
| STEPHEN RYAN | |||||||||
| HEAD FOOTBALL COACH | 40 | 0 | $130,803 | $0 | $30,503 | Yes (X) | |||
| LILLIAN LOPEZ | |||||||||
| VICE PRESIDENT ADVISING | 40 | 0 | $115,840 | $0 | $21,157 | Yes (X) | |||
| CHRIS SPICER | |||||||||
| VP FOR ACADEMIC AFFAIRS | 40 | 0 | $114,887 | $0 | $19,744 | Yes (X) | |||
| TIMOTHE JAGER | |||||||||
| ATHLETIC DIRECTOR | 40 | 0 | $112,272 | $0 | $19,637 | Yes (X) | |||
| ERIN EDLUND | |||||||||
| VP FOR MARKETING | 40 | 0 | $119,884 | $0 | $7,492 | Yes (X) | |||
| CRAIG STRUVE | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| JAMES WALKER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CHAD BENSON | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| ROBERT BURKHART | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| LAURIE HALLER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CARTER DENNIS | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| JAMES HANKE | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| NANCY METZ | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CONNIE HORTON WIMER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL ABBOTT | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| TARAH NOLAN | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| ARLENE CURRY | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| RUSSELL OLSON | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| JOHN STEELE | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MIA SUDO | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| ZEDDIE BOWEN | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| PATRICK MURPHY | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| RONALD YOCKEY | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL BENNETT | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| THOMAS CARVER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| LINDA JENNINGS | |||||||||
| DIRECTOR | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| CYNTHIA MOSER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MARTIN PALMER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CRAIG WANSINK | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| BRIAN JOHNSON | |||||||||
| ALUMNI REPRESENTATIVE | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| DAN HENDERSON | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| DEBORAH KIESEY | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| THOMAS NARAK | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| THOMAS ROSEN | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CHRIS BENSON | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| RICHARD WALLER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CORY ROBERTS | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CLEOPHUS FRANKLIN | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| ESTHER MACKINTOSH | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| NANCY MEADOWS | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MARK PORTER | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| CURTIS WHITE | |||||||||
| DIRECTOR | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| MACIE MOORE | |||||||||
| STUDENT REPRESENTATIVE | 0.5 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,237,720 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $173,352 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sodexo Inc | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9801 Washington Blvd | AddressLine1Txt |
| City | Gaithersburg | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20878 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Food Service operator | ServicesDesc |
| Compensation | $1,774,765 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $316,000 | GovernmentGrantsAmt |
| All Other Contributions | $3,156,325 | AllOtherContributionsAmt |
| Noncash Contributions | $113,236 | NoncashContributionsAmt |
| Total Contributions | $3,472,325 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition & Fees | 611310 | $41,839,492 | $41,839,492 | $0 | $0 |
| Residence Halls | 611710 | $3,692,769 | $3,692,769 | $0 | $0 |
| Food Service | 722212 | $3,322,220 | $3,322,220 | $0 | $0 |
| Bookstore Sales | 451211 | $728,576 | $728,576 | $0 | $0 |
| Athletic Functions | 900099 | $227,779 | $227,779 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,412,995 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,412,995 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $51,223,831 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,841,659 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,841,659 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $266,683 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $137,402 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $129,281 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $129,281 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $129,281 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $590,491 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $223,065 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $367,426 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $367,426 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $367,426 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Present Value Adjustment | 900099 | $15,788 | $15,788 | $0 | $0 |
| Adjust Farm Value to FMV | 900099 | $191,000 | $0 | $0 | $191,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $206,788 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,241,310 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,239,619 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,529,366 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,555,092 | TotalAmt |
| Program Services | $20,555,092 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,010,369 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,010,369 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,659,704 | TotalAmt |
| Program Services | $12,852,555 | ProgramServicesAmt |
| Management And General | $2,212,047 | ManagementAndGeneralAmt |
| Fundraising | $595,102 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $756,711 | TotalAmt |
| Program Services | $567,533 | ProgramServicesAmt |
| Management And General | $141,476 | ManagementAndGeneralAmt |
| Fundraising | $47,702 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,137,078 | TotalAmt |
| Program Services | $2,352,809 | ProgramServicesAmt |
| Management And General | $690,157 | ManagementAndGeneralAmt |
| Fundraising | $94,112 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,206,082 | TotalAmt |
| Program Services | $914,562 | ProgramServicesAmt |
| Management And General | $210,338 | ManagementAndGeneralAmt |
| Fundraising | $81,182 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $373,066 | TotalAmt |
| Program Services | $373,066 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,975 | TotalAmt |
| Program Services | $13,231 | ProgramServicesAmt |
| Management And General | $3,175 | ManagementAndGeneralAmt |
| Fundraising | $2,569 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,352 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $61,352 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,071 | TotalAmt |
| Program Services | $125,303 | ProgramServicesAmt |
| Management And General | $36,756 | ManagementAndGeneralAmt |
| Fundraising | $5,012 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,786 | TotalAmt |
| Program Services | $148,786 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,608 | TotalAmt |
| Program Services | $108,456 | ProgramServicesAmt |
| Management And General | $26,814 | ManagementAndGeneralAmt |
| Fundraising | $9,338 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $524,278 | TotalAmt |
| Program Services | $361,173 | ProgramServicesAmt |
| Management And General | $109,202 | ManagementAndGeneralAmt |
| Fundraising | $53,903 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,613,645 | TotalAmt |
| Program Services | $1,210,234 | ProgramServicesAmt |
| Management And General | $320,002 | ManagementAndGeneralAmt |
| Fundraising | $83,409 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $709,784 | TotalAmt |
| Program Services | $502,338 | ProgramServicesAmt |
| Management And General | $111,152 | ManagementAndGeneralAmt |
| Fundraising | $96,294 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,119 | TotalAmt |
| Program Services | $50,839 | ProgramServicesAmt |
| Management And General | $9,086 | ManagementAndGeneralAmt |
| Fundraising | $13,194 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,408,559 | TotalAmt |
| Program Services | $1,056,419 | ProgramServicesAmt |
| Management And General | $352,140 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,834,823 | TotalAmt |
| Program Services | $2,126,117 | ProgramServicesAmt |
| Management And General | $566,361 | ManagementAndGeneralAmt |
| Fundraising | $142,345 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $395,732 | TotalAmt |
| Program Services | $292,363 | ProgramServicesAmt |
| Management And General | $86,497 | ManagementAndGeneralAmt |
| Fundraising | $16,872 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Auxiliary | $6,754,201 | $4,390,231 | $2,363,970 | $0 |
| Computer Leases | $829,068 | $829,068 | $0 | $0 |
| Fair Value Hedge Interest Expense | $188,104 | $141,078 | $47,026 | $0 |
| Misc Expense | $21,200 | $15,900 | $300 | $5,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,591,407 | TotalAmt |
| Program Services | $48,987,153 | ProgramServicesAmt |
| Management And General | $8,358,220 | ManagementAndGeneralAmt |
| Fundraising | $1,246,034 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,733 | BOYAmt |
| EOY | $3,862 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $507,604 | BOYAmt |
| EOY | $425,435 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,032,492 | BOYAmt |
| EOY | $2,348,829 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $645,874 | BOYAmt |
| EOY | $777,519 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,089,604 | BOYAmt |
| EOY | $2,797,664 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,315 | BOYAmt |
| EOY | $144,970 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $207,882 | BOYAmt |
| EOY | $230,154 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $98,616,578 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $45,489,902 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,177,744 | BOYAmt |
| EOY | $53,126,676 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,866,888 | BOYAmt |
| EOY | $50,099,029 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,932,373 | BOYAmt |
| EOY | $18,300,741 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,434 | BOYAmt |
| EOY | $407,958 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,750,943 | BOYAmt |
| EOY | $128,662,837 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,987,785 | BOYAmt |
| EOY | $1,750,136 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,000 | BOYAmt |
| EOY | $700,000 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,330,000 | BOYAmt |
| EOY | $35,275,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $390,651 | BOYAmt |
| EOY | $616,967 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,571,865 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $625,218 | BOYAmt |
| EOY | $584,583 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,888,785 | BOYAmt |
| EOY | $5,522,847 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,594,304 | BOYAmt |
| EOY | $44,449,533 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,422,180 | BOYAmt |
| EOY | $42,859,136 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,734,459 | BOYAmt |
| EOY | $41,354,168 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,156,639 | BOYAmt |
| EOY | $84,213,304 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,750,943 | BOYAmt |
| EOY | $128,662,837 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,350,097 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,406,762 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $42,500 | RevenuesIncludedAmt |
| Assets Included | $1,003,685 | AssetsIncludedAmt |
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,502,931 | BeginningYearBalanceAmt |
| Contributions | $1,471,760 | ContributionsAmt |
| Investment Earnings Or Losses | $2,585,316 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $756,308 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,292,692 | OtherExpendituresAmt |
| Administrative Expenses | $100,000 | AdministrativeExpensesAmt |
| End Year Balance | $46,411,007 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,442,089 | BeginningYearBalanceAmt |
| Contributions | $1,269,817 | ContributionsAmt |
| Investment Earnings Or Losses | $3,530,295 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $839,538 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,799,732 | OtherExpendituresAmt |
| Administrative Expenses | $100,000 | AdministrativeExpensesAmt |
| End Year Balance | $45,502,931 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,999,379 | BeginningYearBalanceAmt |
| Contributions | $1,860,023 | ContributionsAmt |
| Investment Earnings Or Losses | $7,001,687 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $817,768 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,501,232 | OtherExpendituresAmt |
| Administrative Expenses | $100,000 | AdministrativeExpensesAmt |
| End Year Balance | $44,442,089 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,124,146 | BeginningYearBalanceAmt |
| Contributions | $2,214,797 | ContributionsAmt |
| Investment Earnings Or Losses | $3,933,436 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $900,897 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,272,103 | OtherExpendituresAmt |
| Administrative Expenses | $100,000 | AdministrativeExpensesAmt |
| End Year Balance | $38,999,379 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,968,132 | BeginningYearBalanceAmt |
| Contributions | $1,210,921 | ContributionsAmt |
| Investment Earnings Or Losses | -$792,908 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $889,438 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,272,561 | OtherExpendituresAmt |
| Administrative Expenses | $100,000 | AdministrativeExpensesAmt |
| End Year Balance | $35,124,146 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.81 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.17 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $9,805,541 | OtherCostOrOtherBasisAmt |
| Book Value | $9,805,541 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $71,353,079 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,045,893 | DepreciationAmt |
| Book Value | $38,307,186 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $14,122,773 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,021,336 | DepreciationAmt |
| Book Value | $2,101,437 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,335,185 | OtherCostOrOtherBasisAmt |
| Depreciation | $422,673 | DepreciationAmt |
| Book Value | $2,912,512 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $53,126,676 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Alternative Funds | $9,652,787 | F |
| Short Term Investments | $3,145,593 | F |
| Real-estate - Farms | $4,599,000 | F |
| Real Estate - City | $902,307 | C |
| Other | $1,054 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $18,300,741 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $279,298 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| State Income Tax | $47,314 |
| Actuarial Liability for Annuities | $327,158 |
| Interest Rate Exchange Agreement | $1,083,714 |
| US Government Loan Funds Refundable | $1,261,245 |
| Line of Credit | $1,062,534 |
| Other Liabilities | $1,461,584 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,522,847 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,092,981 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,406,763 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $1,406,763 | RevenueNotReportedAmt |
| Revenue Subtotal | $36,686,218 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $0 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $20,555,092 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $20,555,092 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $57,241,310 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $38,036,315 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $38,036,315 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $0 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $20,555,092 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $20,555,092 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $58,591,407 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 4 | The Morningside College art collection is housed in the Levitt Art Gallery and serves a purpose similar to library collections. The visual library provides students with primary visual resources that they use in assignments from both art and non-art courses. Students in studio courses investigate the visual technical and methodologies of the pieces. Students in art history and other humanities courses study the visual content and style in a contextual relationship with human history. The art collection consists of paintings, prints and sculptures. The most valuable pieces are two paintings by Rufino Tamayo and one by George Winter. |
| Schedule D, Part IV, Line 2b | The amount on line 21 part x consists of enrollmet deposits and student accounts with credit balances. |
| Schedule D, Part V, Line 4 | The intended use of the college's endowment funds is to support the ongoing operations of the college, including providing scholarships to students. |
| Schedule D, Part X, Line 2 | Uncertain Tax Positions Management has concluded that any uncertain tax positions would be immaterial to the financial statements taken as a whole. Accordingly, the accompanying financial statements do no include any provisions for uncertain tax positions and no related interest penalties have been recorded in the operating statement or accrued in the balance sheet. |
| Schedule D, Part XI, Line 4b | Instituitional scholarships and grants awarded to students are classified as an expense. |
| Schedule D, Part XII, Line 4b | Institutional scholarships and grants awarded to students are reclassified as an expense. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Notice of the nondiscriminatory policy as to students is published annually in the Sioux City Journal. For this tax year, it was published in March 2020. The nondiscriminatory policy is also published in the student catalog and other publications. |
| Schedule E, Part I, Line 6 | The college passes through assistance (Federal & State) to eligible students. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Activity Grants | 731 | $3,212,499 |
| Academic Scholarships & non-need based grants | 1166 | $15,684,202 |
| Department Grants | 223 | $902,083 |
| Endowed Scholarships | 142 | $756,308 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Grant funds are monitored through an electronic packaging program for all students. This electronic program determines eligibility for federal, state and institutional grant funding against a series of preestablished criteria. Once the program determines each student's eligibility for federal , state and intuitional grant funding. The information is also checked by a member of the Student Financial Planning staff. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN REYNDERS | ||||||||||||||
| PRESIDENT | $246,306 | $0 | $63,500 | $0 | $10,059 | $0 | $13,818 | $0 | $11,320 | $0 | $345,003 | $0 | $0 | $0 |
| RONALD JORGENSEN | ||||||||||||||
| VICE PRESIDENT - BUSINESS & FINANCE | $143,550 | $0 | $10,000 | $0 | $12,399 | $0 | $11,609 | $0 | $12,214 | $0 | $189,772 | $0 | $0 | $0 |
| TERRI CURRY | ||||||||||||||
| VICE PRESIDENT - STUDENT LIFE | $138,970 | $0 | $10,000 | $0 | $9,250 | $0 | $12,154 | $0 | $13,704 | $0 | $184,078 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | The college does provide travel for the President's spouse to events the President is attending. Travel for VP's spouses is also allowed by approval of the President, when such travel is deemed to provide benefits to the college. A college owned house is provided to the President for his residence. A number of of college functions are conducted at his residence. House keeping services are also provided for the residence. Dues to a country club membership are also paid by the college and numerous college events are held at the country club. |
| Schedule J, Part I, Line 1b | The explanation for this line is the same as line 1A , which is above. |
| Schedule J, Part I, Line 7 | Incentive bonuses are paid to the President and Vice President's upon approval by the Board Compensation Committee. Bonuses are based upon goal attainment and other performance review criteria. The President's annual bonus is based upon a performance contract. The Vice President bonus amounts are determined by the college President and approved by the Compensation Committee. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| Iowa Higher Education Loan Authority | |||||||
| A | 421235696 | 2013-07-16 | $19,250,000 | Construction and equipment | 0 | 0 | 0 |
| Iowa Higher Education Loan Authority | |||||||
| B | 421235696 | 2014-12-23 | $24,010,000 | Construction & Refinance | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,015,000 | $0 | $19,253,348 | $0 | $0 | $0 | $104,466 | $0 | $0 | $19,148,882 | $0 | $0 | 2014 | 0 | 0 | Yes (1) | Yes (1) |
| B | $4,880,000 | $0 | $24,010,905 | $0 | $0 | $0 | $190,517 | $0 | $0 | $12,810,388 | $11,010,000 | $0 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 19 | ContributionCnt |
| Noncash Contributions Rpt F990 | $113,236 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Avg. Mkt. Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 32b | FormAndLineReferenceDesc |
| Explanation | The College sells marketable securities that it receives as contributions. A registered broker is used to process the transaction. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | It is the policy of the Board of Directors of Morningside College that the Board Audit Committee shall review the Internal Revenue Service (IRS) Form 990 prior to the filling with the IRS. Once the Audit Committee has reviewed the form 990, a copy shall be made available to all board members. It is located on the Board portal web page. Board members who have comments or revisions to the 990 shall submit these comments or revisions in writing to the chair of the Audit Committee no later than 10 days after it was made available to them. The chair of the Audit Committee shall review these with the VP for Business & Finance to determine if changes are necessary prior to filing with the IRS. |
| Form 990, Part VI, Section B, Line 12c | Annually Board members complete a conflict of interest form. The forms are compiled by the President's Administrative Assistant and reviewed by the Board Chair. Potential conflicts of interest are addressed by the Board Chair and reviewed by the Audit Committee. |
| Form 990, Part VI, Section B, Line 15 | Compensation for the President is based upon terms of an employment contract. The Board Compensation Committee annually reviews the performance and salary level. The review includes interviews with faculty, staff and students. The salary is compared to colleges in the college's aspirant group and other private college presidents as reported in the national and state surveys. The external auditor also reviews the information with the Audit Committee. Compensation of the Vice Presidents (VP for Business & Finance, Provost, VP for Student Life/Enrollment, VP for Institutional Advancement and VP for Marketing & Communication) is based on individual performances and comparison of peer group salary levels for comparable positions. The President prepares the annual evaluation with input from faculty senate and presents compensation recommendations to the board compensation committee for their approval. The compensation and comparison data is also presented to the college's external auditors for their review. The external auditor reviews the information with the board audit committee. The compensation committee meets annually in August or September and the Audit Committee meets annually in September or October. For this tax year, the Audit Committee met on September 19 2019. |
| Form 990, Part VI, Section C, Line 19 | The college maintains documents for public inspection at the college's Learning Center. The documents are available upon request. |