Morris College
Nonprofit profile at a glance
- EIN
- 576000734
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Sumter, SC, USA
- Phone
- 8039343223
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $20,551,975
- Expenses
- $20,863,259
- Assets
- $46,967,663
- Liabilities
- $2,850,407
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- Dr Said Sewell (COLLEGE PRESIDENT (From 7/1/24))
- DR LEROY STAGGERS (COLLEGE PRESIDENT (To 6/30/24))
- DR Pacey Bowens (Interim Vice President Finance)
Highest reported compensation
- MR RADMAN ALI (CHAIRPERSON, NATURAL SCIENCE AND MAT): $159,568 total reported compensation
- Dr Said Sewell (COLLEGE PRESIDENT (From 7/1/24)): $146,833 total reported compensation
- DR ORENTHIO GOODWIN (ASSISTANT PROFESSOR OF CYBER SECURIT): $130,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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. That mission is being successfully implemented by the thousands of morris college graduates throughout the nation who are continually making significant contributions.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 74
- Accountability: 84
- Sustainability: 49
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.3%; rating input score 64
- Program expense ratio: 62.5%; rating input score 63
- Fundraising efficiency: $475.93 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.4%; rating input score 96; 30th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.5%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 2.25; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -1.7% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 12th percentile among comparable filings
Details
- Where the money goes: 64.3% of revenue deployed · 62.5% of spending went to programs
- Governance: 27 of 28 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $13M in reported program spending
- Leadership: top reported pay $160K · 32 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.