Overview
What is Morrison Institute Of Technology?
The Morrison Institute of Technology is a nonprofit organization situated in Morrison, Illinois, specifically at 701 Portland Avenue. With a dedicated workforce of 19 individuals, its primary mission is to offer college-level academic programs alongside corresponding student services and activities. The institution is committed to providing an education and associated services to all enrolled students, fostering a conducive learning environment for its student community.
Official website here: www.morrison.tec.il.us/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Morrison Institute of Technology has received an 84% rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization boasts a fully independent board, which signifies strong governance, alongside a solid financial audit and oversight structure. Its program expense ratio of 74.54% demonstrates a commitment to directing funds toward its programs and services.
However, there are notable limitations in the organization's policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about transparency and governance practices. Additionally, the lack of posting tax forms on its website could hinder financial transparency for potential donors and stakeholders.
Overall, while Morrison Institute of Technology shows strengths in governance and financial performance, addressing the gaps in its policy framework would enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Morrison Institute Of Technology legitimate?
Morrison Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morrison Institute Of Technology submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $123,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $524,424
For more financial information, click here
Official website here: www.morrison.tec.il.us/
What is the mission statement of Morrison Institute Of Technology?
The Morrison Institute of Technology is committed to providing a comprehensive education and related services to all enrolled students. Their mission encompasses offering college-level academic programs, accompanied by corresponding student services and activities. This educational institution is dedicated to supporting its students throughout their academic journey.
Official website here: www.morrison.tec.il.us/
Who is the CEO of Morrison Institute Of Technology?
Mike Gunderson is the School Presi of Morrison Institute Of Technology.
Official website here: www.morrison.tec.il.us/
What is the revenue of Morrison Institute Of Technology?
Morrison Institute Of Technology's revenue in 2023 was $1,730,418.
Official website here: www.morrison.tec.il.us/
Who are the executives of Morrison Institute Of Technology and what are their salaries?
The average compensation at Morrison Institute Of Technology during 2023 was $34,083. There are 19 employees at Morrison Institute Of Technology.
Here are 5 key members and their salaries:
- Compensation: $123,150
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.morrison.tec.il.us/
Where can I find the form 990 for Morrison Institute Of Technology?
Morrison Institute Of Technology's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.morrison.tec.il.us/
Learn more at the official website: www.morrison.tec.il.us/
Mission Statement of Morrison Institute Of Technology
Morrison Institute of Technology is dedicated to providing an education and related services to all enrolled students. Its mission is multifaceted, encompassing the delivery of college-level academic programs and corresponding student services and activities. This nonprofit organization is committed to supporting its students throughout their educational journey, ensuring they have the tools and resources necessary to succeed. By offering a well-rounded educational experience, Morrison Institute of Technology empowers its students to reach their full potential.
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Impact
October, 2024
Morrison Institute of Technology significantly impacts its community by offering college-level academic programs coupled with essential student services and activities. By focusing on providing quality education, the institute equips students with the knowledge and skills necessary for success in their fields. Located in Morrison, Illinois, it serves as a vital educational resource, fostering personal and professional growth among its enrolled students. Through tailored support and a commitment to academic excellence, Morrison Institute of Technology enriches the lives of individuals and contributes to the overall development of the region.
This information is meant to be a general summary of Morrison Institute Of Technology. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $18,357
- Program Service Revenue: $1,439,057
- Gross Receipts: $1,780,610
Assets and Liabilities:
- Total Assets: $3,238,330
- Total Liabilities: $1,046,017
- Net Assets: $2,192,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE-EXCL
Revenue
$1,439,057
Organization Details
Founding Year
1977
Phone
(815) 772-7218Principal Officer
Mike Gunderson
Main Address
701 PORTLAND AVENUE, MORRISON, IL, 61270
Website
www.morrison.tec.il.us/NTEE Category
Code: B41Z - Education
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