Morningside University

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Morningside college is a 4 year private college, that provides a liberal arts education to full and part-time students, including co-curricular activities (residence halls, dining, bookstore).

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0680400) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.8M a year · 4% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
0.6 mo
of spending, in cash
Plus $68.7M in investments, Pt X · Ln 11–13
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $81K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$16.6M
13% of total assets
Liabilities are 13% of assets.
Pt X · Ln 26
Independent board members
38
of 40 voting members
38 of 40 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$72.9M
+8% vs prior year
Spent
$68.5M
To programs
86%
Net assets
$111.4M
By yearFY2020–FY2025
Revenue
$72.9M
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$57.2M
FY2021$67.4M
FY2022$70.5M
FY2023$63.4M
FY2024$67.6M
FY2025$72.9M
Expenses
$68.5M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$58.6M
FY2021$59.5M
FY2022$65.3M
FY2023$64.4M
FY2024$65.8M
FY2025$68.5M
Net assets
$111.4M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$84.2M
FY2021$103.8M
FY2022$102.8M
FY2023$99.9M
FY2024$107.6M
FY2025$111.4M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1950.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $58.6M Management & general 12% · $8.5M Fundraising 2% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

49 people listed on the 990; $2.0M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
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 →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

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3 programs · $55.5M · in their own filed words · FY2024
01

Provides graduate and under graduate classes for students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0680400) · Dispute this line
$48.8Mprogram expense
02

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

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0680400) · Dispute this line
$3.4Mprogram expense
03

Provide food service (cafeteria) for students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0680400) · Dispute this line
$3.2Mprogram expense

Funders

Who pays for it.

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 →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $17.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Advanced Nursing Education Workforce Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$666K
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$649K
English Language Acquisition State GrantsDepartment of Education · ALN 84.365 · Direct$486K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending May 2024 · $16.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$716K
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$587K
English Language Acquisition State GrantsDepartment of Education · ALN 84.365 · Direct$538K

Plus 4 smaller programs.

The auditor reported: a material weakness in money controls.

Year ending May 2023 · $17.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.8M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.0M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$760K
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$738K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending May 2022 · $17.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.1M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$2.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.8M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.1M
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$625K

Plus 4 smaller programs.

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$72.9M
Ln 12
Fees for servicesLn 2g$57.8M
Gifts and grantsLn 1h$9.8M
Other incomeLn 4–11$3.7M
Money outPt IX
$68.5M
Ln 25
Programscol B$58.6M
Managementcol C$8.5M
Fundraisingcol D$1.4M
Owns and owesPt X
$111.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$128.1M
LiabilitiesLn 26$16.6M
PeoplePt VI, VII
49
listed · VII A
PaidVII A11
Voting boardVI 1a40
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.8M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$307K
Fees for servicesLn 2g$57.8M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$3.7M
Gains on assetsLn 7$4.3M
Total revenueLn 12$72.9M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.3M
Pledges and grants receivableLn 3$3.1M
Accounts receivableLn 4$1.3M
Notes and loans receivableLn 7$2.1M
Inventories for sale or useLn 8$158K
Prepaid expenses and deferred chargesLn 9$125K
Land, buildings, equipmentLn 10c$47.8M
InvestmentsLn 11–13$68.7M
Other assetsLn 15$1.5M
Total assetsLn 16$128.1M
LiabilitiesLn 26$16.6M
Net assetsLn 32$111.4M
OperationsPt I, VI
EmployeesI 51,102
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$8.7M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$43.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$307K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$289K
Share of the $62.7M endowmentSch D 1g0.46%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$62.7M$64.3M$57.3M$59.6M$57.3M
AddedLn 1b$934K$3.0M$752K$5.3M$269K
SpentLn 1d–1f$5.8M$2.9M$4.7M$2.4M$2.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.2M$3.3M
InvestmentsLn 11–13$78.2M$68.7M
Land, buildings, equipmentLn 10c$47.6M$47.8M
Total assetsLn 16$135.4M$128.1M
LiabilitiesLn 26$27.7M$16.6M
Net assetsLn 32$107.6M$111.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$25.4M$25.4M
Pay of officers and key staff (Part IX, line 5)Ln 5$915K$367K$548K
Other salaries and wagesLn 7$17.9M$14.5M$2.8M$678K
Pension plan contributionsLn 8$635K$481K$130K$24K
Other employee benefitsLn 9$3.1M$2.4M$639K$117K
Payroll taxesLn 10$1.3M$994K$269K$49K
Management feesLn 11a$468K$468K
Legal feesLn 11b$28K$20K$8K$1K
Accounting feesLn 11c$71K$71K
Investment management feesLn 11f$289K$217K$64K$9K
Advertising and promotionLn 12$165K$165K
Office expensesLn 13$124K$87K$32K$5K
Information technologyLn 14$826K$579K$182K$66K
OccupancyLn 16$2.3M$1.7M$513K$93K
TravelLn 17$1.2M$783K$173K$196K
Conferences, conventions and meetingsLn 19$91K$62K$14K$16K
InterestLn 20$893K$590K$304K
Depreciation, depletion and amortizationLn 22$2.8M$1.9M$818K$85K
InsuranceLn 23$475K$323K$138K$14K
Other expenses (24a–d)Ln 24$8.1M$6.6M$1.5M$26K
All other expensesLn 24e$1.4M$997K$332K$27K
Total functional expensesLn 25$68.5M$58.6M$8.5M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 13, 2026 $72.9M$68.5M$4.4M$111.4M 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $67.6M$65.8M$1.8M$107.6M 990 PDF
FY2023 $63.4M$64.4M−$969K$99.9M 990 PDF
FY2022 $70.5M$65.3M$5.2M$102.8M 990 PDF
FY2021Filed with the IRS Apr 18, 2022 $67.4M$59.5M$8.0M$103.8M 990 PDF
FY2020Filed with the IRS Apr 14, 2021 $57.2M$58.6M−$1.4M$84.2M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $72,930,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,996,812$9,835,957
I-9 Program service revenuePrior year $56,324,410$57,845,548
I-10 Investment incomePrior year $2,675,902$5,893,561
I-11 Other revenuePrior year $574,899−$644,807
I-12 Total revenuePrior year $67,572,023$72,930,259
I-13 Grants and similar amounts paidPrior year $24,147,661$25,438,131
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,173,908$23,889,822
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,489,489$19,181,052
I-18 Total expensesPrior year $65,811,058$68,509,005
I-19 Revenue less expensesPrior year $1,760,965$4,421,254
Part VI · Governance 38 of 40 board members independent, no flags
VI-1a Voting members of the governing body40
VI-1b Independent voting members38
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $72,930,259 across 10 lines filed
Lines not itemized here account for $118,999 of total revenue; see the IRS return.
VIII-1e Government grants$1,611,654
VIII-1f All other contributions, gifts and grants$8,224,303
VIII-1g Noncash contributions (included above)$307,088
VIII-1h Total contributions, gifts and grants$9,835,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,726,549$57,726,549
VIII-3 Investment incomeExcluded from tax $1,593,273$1,593,273
VIII-6 Net rental income or lossExcluded from tax $173,492$173,492
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,300,288$4,300,288
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$818,299−$818,299
VIII-12 Total revenueRelated to mission $57,027,249 · Unrelated business $0 · Excluded from tax $6,067,053$72,930,259
Part IX · Statement of functional expenses $68,509,005 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $25,438,131$25,438,131
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $367,063 · Management $548,198$915,261
IX-7 Other salaries and wagesPrograms $14,457,683 · Management $2,773,924 · Fundraising $677,704$17,909,311
IX-8 Pension plan contributionsPrograms $480,941 · Management $130,156 · Fundraising $23,809$634,906
IX-9 Other employee benefitsPrograms $2,362,116 · Management $639,252 · Fundraising $116,936$3,118,304
IX-10 Payroll taxesPrograms $993,870 · Management $268,968 · Fundraising $49,202$1,312,040
IX-11a Management feesPrograms $468,076$468,076
IX-11b Legal feesPrograms $19,584 · Management $7,663 · Fundraising $1,135$28,382
IX-11c Accounting feesManagement $71,117$71,117
IX-11f Investment management feesPrograms $216,663 · Management $63,554 · Fundraising $8,666$288,883
IX-12 Advertising and promotionPrograms $165,152$165,152
IX-13 Office expensesPrograms $86,739 · Management $32,217 · Fundraising $4,956$123,912
IX-14 Information technologyPrograms $578,513 · Management $181,818 · Fundraising $66,116$826,447
IX-16 OccupancyPrograms $1,727,158 · Management $513,480 · Fundraising $93,360$2,333,998
IX-17 TravelPrograms $783,489 · Management $172,828 · Fundraising $195,872$1,152,189
IX-19 Conferences, conventions and meetingsPrograms $62,089 · Management $13,696 · Fundraising $15,522$91,307
IX-20 InterestPrograms $589,580 · Management $303,723$893,303
IX-22 Depreciation, depletion and amortizationPrograms $1,917,616 · Management $817,807 · Fundraising $84,601$2,820,024
IX-23 InsurancePrograms $322,856 · Management $137,689 · Fundraising $14,244$474,789
IX-24 Other expenses (24a–d)Programs $6,603,348 · Management $1,457,345 · Fundraising $26,194$8,086,887
IX-24e All other expensesPrograms $997,179 · Management $332,346 · Fundraising $27,061$1,356,586
IX-25 Total functional expensesPrograms $58,637,846 · Management $8,465,781 · Fundraising $1,405,378$68,509,005
Part X · Balance sheet $128,062,889 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $4,967$4,972
X-2 Savings and temporary cash investmentsStart of year $3,241,977$3,333,912
X-3 Pledges and grants receivableStart of year $1,706,916$3,071,716
X-4 Accounts receivableStart of year $997,076$1,298,869
X-7 Notes and loans receivableStart of year $2,063,022$2,112,386
X-8 Inventories for sale or useStart of year $200,640$157,782
X-9 Prepaid expenses and deferred chargesStart of year $25,143$125,103
X-10c Land, buildings and equipment, netStart of year $47,601,366$47,766,621
X-11 Publicly traded securitiesStart of year $48,664,703$40,420,731
X-12 Other securitiesStart of year $29,486,736$28,305,166
X-15 Other assetsStart of year $1,362,848$1,465,631
X-16 Total assetsStart of year $135,355,394$128,062,889
X-17 Accounts payable and accrued expensesStart of year $1,585,403$1,682,967
X-19 Deferred revenueStart of year $300,000$1,496,445
X-20 Tax-exempt bond liabilitiesStart of year $22,105,000$8,660,000
X-21 Escrow or custodial accountsStart of year $382,648$370,331
X-23 Secured mortgages and notes payableStart of year $44,930$38,511
X-24 Unsecured notes and loans payableStart of year $770,204$883,104
X-25 Other liabilitiesStart of year $2,548,252$3,489,862
X-26 Total liabilitiesStart of year $27,736,437$16,621,220
X-27 Net assets without donor restrictionsStart of year $54,305,520$53,450,327
X-28 Net assets with donor restrictionsStart of year $53,313,437$57,991,342
X-32 Total net assets or fund balancesStart of year $107,618,957$111,441,669
X-33 Total liabilities and net assetsStart of year $135,355,394$128,062,889
Part XI · Reconciliation of net assets $111,441,669 net assets at year end
XI-1 Total revenue$72,930,259
XI-2 Total expenses$68,509,005
XI-3 Revenue less expenses$4,421,254
XI-4 Net assets at start of year$107,618,957
XI-5 Net unrealized gains (losses) on investments−$598,542
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$111,441,669

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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