Morningside University FY2023 filing

Tax-deductible

Sioux City, IA501(c)(3)Since 1894Colleges & UniversitiesEIN 42-0680400Revenue $63.4M in FY2023

On file with the IRSmorningside.edu1501 Morningside Ave, 51106-1717 · Sioux City, IATax-exempt since Jun 1950School — 170(b)(1)(A)(ii)

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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).

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.6M 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

FY2023 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $81K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30.1M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 32 voting members
Looks good: 30 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63.4M
-10% vs prior year
Spent
$64.4M
To programs
84%
Net assets
$99.9M
By yearFY2020–FY2025
Revenue
$63.4M
FY2023▼ -10%
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
$64.4M
FY2023▼ -1%
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
$99.9M
FY2023▼ -3%
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 FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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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

84 cents of each dollar spent went to programs.

Program services 84% · $54.0M Management & general 14% · $8.9M 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

42 people listed on the 990-T; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former President
$266,928Pt VII · Sec A
VP Business & Finance
$175,925Pt VII · Sec A
Dean of Nursing Education
$174,540Pt VII · Sec A
VP Student Life/Enrollment
$167,101Pt VII · Sec A
Provost & VP Academic Affairs
$156,305Pt VII · Sec A
Head Football Coach
$151,711Pt VII · Sec A
Dean of School of Business
$139,962Pt VII · Sec A
VP University Engagement
$134,579Pt 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 →

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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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Provided by the organization

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3 programs · $50.9M · in their own filed words · FY2022
01

Provides graduate and under graduate classes for students.

$44.9Mprogram expense
02

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

$3.0Mprogram expense
03

Provide food service (cafeteria) for students.

$2.9Mprogram 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 →

By the numbers

The FY2023 990-T, line by line.

1The main four
Money in
$63.4M
Fees for services$55.0M
Gifts and grants$4.4M
Investment income$2.0M
Money out
$64.4M
Programs$54.0M
Management$8.9M
Fundraising$1.4M
Owns and owes
$99.9M
net assets
Cash and savings$2.2M
Total assets$130.0M
Liabilities$30.1M
People
42
listed
Paid10
Voting board32
Independent30
2In more detail
Revenue in detail
Gifts and grants$4.4M
Government grants$1.2M
Fees for services$55.0M
Investment income$2.0M
Other income$2.0M
Total revenue$63.4M
Assets in detailEnd of year
Cash and savings together$2.2M
Total assets$130.0M
Liabilities$30.1M
Net assets$99.9M
Operations
Employees1,102
Volunteers0
Fiscal year endsMay
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $72.9M$68.5M$4.4M$111.4M 990 PDF
FY2024 $67.6M$65.8M$1.8M$107.6M 990 PDF
FY2023 Viewing $63.4M$64.4M−$969K$99.9M 990 PDF
FY2022 $70.5M$65.3M$5.2M$102.8M 990 PDF
FY2021 $67.4M$59.5M$8.0M$103.8M 990 PDF
FY2020 $57.2M$58.6M−$1.4M$84.2M 990 PDF

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Schedules filed Part IV

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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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