Morningside University

Sioux City, IA · Higher education institution · Since 1894 · Colleges & Universities

✓ Tax-deductible Latest data FY2025
Revenue
$72.9M
▲ +8% vs prior year
Spent
$68.5M
To programs
86%
Net assets
$111.4M

Form 990 for the fiscal year ending May 2025 (IRS tax year 2024).

Figures match the IRS filing checked 7/7/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Mabel E Sherman Educational Fund C/O Citizens First National Bank
$81K in the latest grant year.
Spent on programs?
86% to programs
Form 990 Part IX, latest filing.
Size and trend
$10–100M
↑ +8% vs prior year
Legal name (IRS)Hdr · item CMorningside University
EINHdr · item D42-0680400
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1950
Year of formationHdr · item L1894
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSioux City, IA
NTEE classificationIRS BMFColleges & Universities (B420)
WebsiteHdr · item Jwww.morningside.edu

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$58.6M
Management & general12%$8.5M
Fundraising2%$1.4M
Total functional expensesLn 25$68.5M

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$72.9M
FY2025▲ +8%
Expenses
$68.5M
FY2025▲ +4%
Operating surplus
+6%
revenue over expenses, this legal entity▲ +133% vs prior filing year
Payroll share
35%
of this entity's spending is salaries & benefits▼ -1.0% vs prior filing year
Program spending
86%
of expenses reach program services▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$128.1M
FY2025▼ -5%
Total liabilities
$16.6M
FY2025▼ -40%
Revenue less expensesPt I · Ln 19$4.4M
Total assetsPt X · Ln 16$128.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 340
Independent voting membersPt I · Ln 438

Balance Sheet

Part X · end of year
CashLn 1$3.3M
Total assetsLn 16$128.1M
Total liabilitiesLn 26$16.6M
Total net assetsLn 32$111.4M
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Program service revenue$57.8M · 79%
Contributions & grants$9.8M · 13%
Investment income$5.9M · 8%
Program service revenue79%$57.8M
Contributions & grants13%$9.8M
Investment income8%$5.9M
— government grantsLn 1e$1.6M
Total revenueLn 12$72.9M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72.1M · Operating expenses (Pt IX) $68.5M · Less non-cash grants $307K · Cash operating expenses/yr $68.2M
12.7 months
Where the money goes
Program services
Program services $58.6M · Total expenses $68.5M
86%
Management & General
Management & general $8.5M · Total expenses $68.5M
12%
Fundraising
Fundraising $1.4M · Total expenses $68.5M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $1.4M · Solicited contributions (3-yr avg) $5.9M
$0.24 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9.8M · Total revenue $72.9M
13%
Government reliance
Government grants $1.6M · Total revenue $72.9M
2%
Earned-income share
Program service revenue $57.8M · Total revenue $72.9M
79%
Investment reliance
Investment income $5.9M · Total revenue $72.9M
+8%
Program self-sufficiency
Program service revenue $57.8M · Total expenses $68.5M
84%
Growth & trend
Revenue growth (YoY)
This year $72.9M · Prior year $67.6M
+8%
Revenue CAGR
FY2019 $57.2M · FY2024 $72.9M
+5%
Net-asset trend (YoY)
End of year $111.4M · Beginning of year $107.6M
+4%
Balance sheet
Surplus Margin
Revenue $72.9M · Expenses $68.5M
+6%
Liabilities-to-Assets
Total liabilities $16.6M · Total assets $128.1M
13%
Net-asset ratio
Net assets $111.4M · Total assets $128.1M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $40.4M · Other securities (Pt X, ln 12) $28.3M · Total assets (Pt X, ln 16) $128.1M
54%
People & payroll
Highest Reported Total Compensation
Individual Albert Mosley · Reported title PRESIDENT · Highest reported compensation $352K · Total expenses $68.5M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23.9M · Total expenses $68.5M
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 12%——
Fundraising cost ratio 14%——
Revenue growth 8%——
Investment management fee ratio 0.2%——
Legal fee ratio 0.04%——
Accounting fee ratio 0.1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$351,587Pt VII · Sec A
Former President
$282,026Pt VII · Sec A
Dean of Nursing
$239,627Pt VII · Sec A
Provost & VP Academic Affairs
$192,488Pt VII · Sec A
VP Student Life/Enrollment
$174,575Pt VII · Sec A
Former VP Business & Finance
$162,793Pt VII · Sec A
Dean of School of Business
$161,004Pt VII · Sec A
VP Information Tech & Chief Info Officer
$157,491Pt VII · Sec A

Albert Mosley’s $352K as President is at the 74th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Albert Mosley$351,587$298,945$128,666———
John Reynders$282,026—$266,928$324,669$322,003$319,865
Jacklyn Barber$239,627$192,066$174,540$145,954$139,239—
Christopher Spicer$192,488$171,270$156,305$145,178$144,398—
Ronald Jorgensen——$175,925$167,887$169,308$165,949
Terri Curry$174,575$163,877$167,101——$158,220
Paul Erbes—$164,017————
Teri Curry———$162,946$162,879—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Morningside University executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a40
Independent voting membersPt VI · Ln 1b38
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides a four-year private liberal arts education to full- and part-time students, including residential living, dining services, and co-curricular activities.

Provided by the organization

This section is blank until Morningside University claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

3 program services account for $55.5M of program spending, described in the organization's own filed words · FY2024.
01

Provides graduate and under graduate classes for students.

$48.8Mprogram expense
02

Provides residence hall (living quarters) for full time under graduate students.

$3.4Mprogram expense
03

Provide food service (cafeteria) for students.

$3.2Mprogram expense

Run this program? Claim this org to tell your story

Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$81K
Grants paid · 26 grants · $139.2M · 2019–2024
Unitemized GrantFY2024$20,627,526
Unitemized GrantFY2024$3,397,785
Unitemized GrantFY2024$839,280
Unitemized GrantFY2024$573,540
Unitemized GrantFY2023$18,808,838
Unitemized GrantFY2023$3,328,515
Unitemized GrantFY2023$1,265,434
Unitemized GrantFY2023$744,872
Unitemized GrantFY2022$17,316,846
Unitemized GrantFY2022$3,325,972
Unitemized GrantFY2022$1,117,676
Unitemized GrantFY2022$757,577
Unitemized GrantFY2021$17,249,995
Unitemized GrantFY2021$3,522,134
Unitemized GrantFY2021$1,632,916
Unitemized GrantFY2021$981,100
Unitemized GrantFY2021$733,034
Unitemized GrantFY2020$15,980,015
See all 26 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $72.9M$68.5M+8% 990 PDF
FY2024 $67.6M$65.8M+7% 990 PDF
FY2023 $63.4M$64.4M-10% 990 PDF
FY2022 $70.5M$65.3M+5% 990 PDF
FY2021 $67.4M$59.5M+18% 990 PDF
FY2020 $57.2M$58.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Morningside University →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.