Morrison Institute Of Technology
EIN: 362919340 · Morrison, IL · NTEE: B41Z
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.0M |
| Net Assets | $2.1M |
Is Morrison Institute Of Technology Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morrison Institute Of Technology
Morrison Institute Of Technology (EIN: 362919340) is a nonprofit organization based in Morrison, IL, classified under NTEE code B41Z. The organization reported total revenue of $2.8M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrison Institute Of Technology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrison Institute Of Technology is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-139,398 |
| Total Assets | $3.1M |
| Total Liabilities | $1.0M |
| Net Assets | $2.1M |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2024, Morrison Institute Of Technology reported a deficit of $139K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 33.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Morrison Institute Of Technology's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.9% | +11.7% | -4.7% |
| 2023 | -20.4% | -25.6% | -2.2% |
| 2022 | -19.4% | +11.1% | -5.5% |
| 2021 | +31.3% | -8.0% | +8.3% |
| 2020 | -18.5% | -6.6% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morrison Institute Of Technology has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morrison Institute Of Technology with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.5%.
Frequently Asked Questions about Morrison Institute Of Technology
Is Morrison Institute Of Technology a legitimate charity?
Based on AI analysis of IRS 990 filings, Morrison Institute Of Technology (EIN: 362919340) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morrison Institute Of Technology spend its money?
Detailed spending breakdown data is not yet available for Morrison Institute Of Technology. Check back for updated IRS 990 analysis.
Are donations to Morrison Institute Of Technology tax-deductible?
Morrison Institute Of Technology is registered as a tax-exempt nonprofit (EIN: 362919340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morrison Institute Of Technology located?
Morrison Institute Of Technology is headquartered in Morrison, Illinois and files with the IRS under EIN 362919340. It is classified under NTEE code B41Z.
How many years of IRS 990 filings does Morrison Institute Of Technology have?
Morrison Institute Of Technology has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Filing History
IRS 990 filing history for Morrison Institute Of Technology showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Morrison Institute Of Technology's revenue has declined by 3%, moving from $1.9M to $1.8M. Total assets increased by 28.1% over the same period, from $2.4M to $3.1M. Total functional expenses rose by 7.2%, from $1.8M to $2.0M. In its most recent filing year (2024), Morrison Institute Of Technology reported a deficit of $139K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $3.1M in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $2.0M | $3.1M | $1.0M | — | View 990 |
| 2023 | $1.7M | $1.8M | $3.2M | $1.0M | — | View 990 |
| 2022 | $2.2M | $2.4M | $3.3M | $1.1M | — | View 990 |
| 2021 | $2.7M | $2.1M | $3.5M | $1.1M | — | — |
| 2020 | $2.1M | $2.3M | $3.2M | $1.4M | — | View 990 |
| 2019 | $2.5M | $2.5M | $3.0M | $958K | — | View 990 |
| 2018 | $2.2M | $2.1M | $2.5M | $523K | — | — |
| 2017 | $2.0M | $1.9M | $2.4M | $460K | — | View 990 |
| 2016 | $1.9M | $1.8M | $2.4M | $577K | — | View 990 |
| 2015 | $1.8M | $1.8M | $2.4M | $659K | — | View 990 |
| 2014 | $2.0M | $1.8M | $2.5M | $784K | — | View 990 |
| 2013 | $1.8M | $1.7M | $2.4M | $875K | — | View 990 |
| 2012 | $1.9M | $1.8M | $2.4M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $2.0M, and assets of $3.1M (revenue +4.9% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $3.2M (revenue -20.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.4M, and assets of $3.3M (revenue -19.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.1M, and assets of $3.5M (revenue +31.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $3.2M (revenue -18.5% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.5M, and assets of $3.0M (revenue +12.5% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $2.5M (revenue +10.9% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $2.4M (revenue +5.9% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue +4.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $2.4M (revenue -10.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $2.5M (revenue +14.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $2.4M (revenue -4.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrison Institute Of Technology:
Data Sources and Methodology
This transparency report for Morrison Institute Of Technology is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.