2024-05-14T09:36:41-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2022-07-01 576000734 MORRIS COLLEGE MORR 8039343223 100 WEST COLLEGE STREET SUMTER SC 291503599 ROBERT EAVES DIRECTOR OF BUSINESS AFFAIRS 8039343223 2024-05-14 1 ROBERT EAVES 999009999 0 MICHELLE CHAPMAN CPA P01263095 8037995810 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT EAVES 100 WEST COLLEGE STREET SUMTER SC 291503599 18351166 0 X WWW.MORRISCOLLEGE.ORG X 1911 SC 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. 29 28 227 28 0 0 14510187 9445267 8269984 8363079 607715 288310 0 100826 23387886 18197482 0 0 0 0 8275915 7830871 0 0 33170 11447840 11754296 19723755 19585167 3664131 -1387685 45965651 45641715 2280358 2594373 43685293 43047342 X 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. 0 0 13484830 8363079 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. 13484830 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 227 1 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 SC X ROBERT EAVES 8039343223 100 WEST COLLEGE STREET SUMTER SC 291503599 DR LEROY STAGGERS COLLEGE PRESIDENT 40.00 X X 255000 0 0 DR LUCY REUBEN CHAIRPERSON 1.00 X X 0 0 0 ROBERT EAVES DIRECTOR OF BUSINESS AFFAIRS 40.00 X 100308 0 0 DR PHILLIP M BALDWIN VICE CHAIRMAN 1.00 X X 0 0 0 MR TROY M GLOVER SECRETARY 1.00 X X 0 0 0 DR AUDREY P NEAL TRUSTEE 1.00 X 0 0 0 MR ERICSON LANIER TRUSTEE 1.00 X 0 0 0 REV AARON T BROWN SR TRUSTEE 1.00 X 0 0 0 DR LUCIOUS DIXON TRUSTEE 1.00 X 0 0 0 MRS MARY ALICE GRAHAM TRUSTEE 1.00 X 0 0 0 DR JAMEY O GRAHAM TRUSTEE 1.00 X 0 0 0 DR DONALD E GREENE JR TRUSTEE 1.00 X 0 0 0 DR DOROTHY BISHOFF FACULTY & STAFF REP. 1.00 X 0 0 0 DR SOLOMON JACKSON JR TRUSTEE 1.00 X 0 0 0 MRS DEANNE WAGES TRUSTEE 1.00 X 0 0 0 MR ALEXANDER JOHNSON TRUSTEE 1.00 X 0 0 0 REV GEORGE B WASHINGTON TRUSTEE 1.00 X 0 0 0 MRS SHIRLEY REDMOND TRUSTEE 1.00 X 0 0 0 DR MCKINLEY REVENELL TRUSTEE 1.00 X 0 0 0 MR ANTHONY BRAND STUDENT REP 1.00 X 0 0 0 DR KENNY W ROSE TRUSTEE 1.00 X 0 0 0 MRS MARY JO WALKER TRUSTEE 1.00 X 0 0 0 DR JAMES V WILSON SR TRUSTEE 1.00 X 0 0 0 DR VICTORIA DIXON-MOKEBA TRUSTEE 1.00 X 0 0 0 DR ALBERT M JAMES TRUSTEE 1.00 X 0 0 0 DR JAMES L HALLSTOCK TRUSTEE 1.00 X 0 0 0 PASTOR DARRELL S PRESIDENT TRUSTEE 1.00 X 0 0 0 PASTOR CHARLIE L MURRAY JR TRUSTEE 1.00 X 0 0 0 PASTOR JULIE ANN HAYES TRUSTEE 1.00 X 0 0 0 REV JAMES W NESBITT TRUSTEE 1.00 X 0 0 0 355308 0 0 2 0 1 0 0 6851620 2593647 9445267 TUITION AND FEES 611310 6211238 6211238 AUXILIARY ENTERPRISES 611310 2074730 2074730 OTHER INCOME 611310 77111 77111 8363079 441994 441994 153684 -153684 -153684 -153684 RECOVERY OF PRIOR YEAR BAD DEBT W 611310 100826 100826 100826 18197482 8363079 0 389136 295308 203672 91636 5812585 4008886 1803699 1722978 1188322 534656 584771 403311 181460 89750 61900 27850 33170 33170 2265 1562 703 442139 304939 137200 70088 48339 21749 2084862 1437910 646952 334850 230943 103907 32724 22569 10155 35977 24813 11164 1878248 1295410 582838 359203 247739 111464 STUDENT SERVICES 1955709 1348834 606875 OTHER 1344546 927321 417225 MEALS 1192642 822554 370088 PASSTHROUGH AID 819056 564895 254161 494296 340911 153385 19585167 13484830 6067167 33170 1113834 392398 2633053 1415577 1660126 2859109 0 9810 153891 224381 52819 48711 68065405 40355535 28414132 27709870 11937796 12821417 0 160442 45965651 45641715 1042405 1102807 0 61464 1037500 912500 200453 517602 2280358 2594373 X 30730031 29222559 12955262 13824783 43685293 43047342 45965651 45641715 X -1387685 525578 224156 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11586325 108420 721609 12416354 13005202 303040 -1721917 11586325 10854000 180968 1970234 13005202 10283421 394088 -176491 10854000 10194264 51091 522530 -484464 10283421 0.00000 0.36000 0.64000 0 0 2021284 2021284 41224233 25189615 16034618 20773890 12693657 8080233 4045998 2472263 1573735 27709870 LAND HELD FOR INVESTMENT 135347 F MONEY MARKET 451721 F MUTUAL FUNDS 12234349 F 12821417 CONTRACT LIABILITY 357160 LEASE LIABILITY 160442 517602 X 17694542 525578 525578 17168964 89750 938768 1028518 18197482 18556649 0 18556649 89750 938768 1028518 19585167 PART X, LINE 2: THE COLLEGE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDEANCE. THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASSED 119,712. PASSTHROUGH AID 819,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH AID 819,056. EXPENSE RECLASSED 119,712. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MORRIS COLLEGE PUBLISHES AND PROMOTES IT'S PUBLICATIONS, DOCUMENTS, AND PROMOTIONS SCHEDULE E, PART I, LINE 6 COLLEGE PARTICIPATES IN THE US DOE TITLE IV STUDENT FINANCIAL AID PROGRAMS. 0 0 0 0 0 0 0 0 0 DR LEROY STAGGERS COLLEGE PRESIDENT 255000 0 0 0 0 0 0 0 0 0 255000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED BY THE BOARD OF TRUSTEES. EACH MEMBER MUST DISCLOSE IF A CONFLICT OF INTEREST EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES. COMPENSATION OF THE KEY EMPLOYEES IS DETERMINED BY HR DEPARTMENT AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH DEPARTMENT OF EDUCATION. FORM 990, PART XI, LINE 8: DURING THE YEAR ENDING JUNE 30, 2023, MANAGEMENT OF THE COLLEGE DETERMINED THAT A RESTATEMENT TO BEGINNING NET ASSET BALANCE WITHOUT DONOR RESTRICTIONS AND STUDENT SCHOLARSHIPS PAYABLE WAS NEEDED TO PROPERLY REPORT THE BALANCES FROM PRIOR PERIODS. PREVIOUSLY, NET ASSETS WITHOUT DONOR RESTRICTIONS WERE UNDERSTATED, AND STUDENT SCHOLARSHIPS PAYABLE WERE OVERSTATED. THIS WAS PRIMARILY DUE TO CERTAIN SCHOLARSHIP FUNDS BEING RECORDED AS A LIABILITY AND NOT AS REVENUE, THEREFORE OVERSTATING THE PAYABLE.