Morris College EIN 57-6000734 Form 990 (PDF) Claim this org

Morris College

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Prepares students for successful careers and societal contributions. For fiscal year 2024 it reported $20.6M in revenue, $20.9M in expenses, and $44.1M in net assets.Pt I

Founded
1911
Type
Higher education institution · Colleges & Universities
Location
Sumter, SC
Website
www.morriscollege.org
Filings
5 on file (2020–2024)
Revenue
$20.6MFY2024
Expenses
$20.9M
Net assets
$44.1M
People
32
Filings
5
Updates
0
More identity details & actions ⌄
EIN  57-6000734 Higher education institution Sumter, SC Founded 1911
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Prepares students for successful careers and societal contributions.
Leadership
Mr Radman Ali · Chairperson, Natural Science and Mat · $160K
Money in and out
$20.6M revenue, $20.9M expenses
Bottom line
-2% operating surplus
Financial scale & money flow · FY2024
Total revenue
$20.6M
Pt VIII · Ln 12
Total expenses
$20.9M
Pt IX · Ln 25
Net assets
$44.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$311K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37 Fundraising $0.00
Operating surplus
-2%
revenue over expenses, this legal entity▲ +50% vs prior filing year
Payroll share
43%
of this entity's spending is salaries & benefits▲ +8% vs prior filing year
Program spending
63%
of expenses reach program services+0.06% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$20.6M
FY2024▲ +4%
Expenses
$20.9M
FY2024▲ +2%
Total assets
$47.0M
FY2024▲ +3%
Total liabilities
$2.9M
FY2024▲ +14%
Total revenue
$20.6M
Pt VIII · Ln 12
Total expenses
$20.9M
Pt IX · Ln 25
Net assets
$44.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$311K
Total assetsPt X · Ln 16$47.0M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 427
Mission & Programs · Part III

Where the work happens

1 program service account for $13.0M of program spending, described in the organization's own filed words · FY2024.
01

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.

$13.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMorris College
EINHdr · item D57-6000734
Principal addressHdr · item CSumter, SC
WebsiteHdr · item Jwww.morriscollege.org
Year of formationHdr · item L1911
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B42Z)
Ruling yearIRS BMFSep 1961

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b27
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairperson, Natural Science and Mat
$159,568Pt VII · Sec A
College President (from 7/1/24)
$146,833Pt VII · Sec A
Assistant Professor of Cyber Securit
$130,800Pt VII · Sec A
College President (to 6/30/24)
$115,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr Radman Ali’s $160K as Chairperson, Natural Science and Mat is at the 19th percentile of top reported officer pay among 3682 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Leroy Staggers$115,500$165,000$255,000
Leroy Staggers$232,175$145,000
Mr Radman Ali$159,568$160,793
Dr Said Sewell$146,833
Dr Orenthio Goodwin$130,800$121,824
Jacob E Butler JR$103,778$106,144$101,552
Radman M Ali$100,599$103,415
Robert Eaves$100,308$101,814$100,308

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.

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Statement of Revenue

Part VIII
Contributions & grants$11.0M · 54%
Program service revenue$9.1M · 44%
Investment income$464K · 2%
Contributions & grants54%$11.0M
Program service revenue44%$9.1M
Investment income2%$464K
— government grantsLn 1e$8.2M
Total revenueLn 12$20.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37 Fundraising $0.00
Program services63%$13.0M
Management & general37%$7.8M
Fundraising$23K
Total functional expensesLn 25$20.9M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$47.0M
Total liabilitiesLn 26$2.9M
Total net assetsLn 32$44.1M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16.3M · Operating expenses/yr $20.9M
9.4 months
Where the money goes
Program services
Program services $13.0M · Total expenses $20.9M
63%
Management & General
Management & general $7.8M · Total expenses $20.9M
37%
Fundraising
Fundraising $23K · Total expenses $20.9M
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $3.9M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11.0M · Total revenue $20.6M
54%
Government reliance
Government grants $8.2M · Total revenue $20.6M
40%
Earned-income share
Program service revenue $9.1M · Total revenue $20.6M
44%
Investment reliance
Investment income $464K · Total revenue $20.6M
+2%
Program self-sufficiency
Program service revenue $9.1M · Total expenses $20.9M
43%
Growth & trend
Revenue growth (YoY)
This year $20.6M · Prior year $19.8M
+4%
Revenue CAGR
FY2019 $18.0M · FY2024 $20.6M
+3%
Net-asset trend (YoY)
End of year $44.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.6M · Expenses $20.9M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $47.0M
Net-asset ratio
Net assets $44.1M · Total assets $47.0M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $47.0M
32%
People & payroll
Highest Reported Total Compensation
Individual Mr Radman Ali · Reported title CHAIRPERSON, NATURAL SCIENCE AND MAT · Highest reported compensation $160K · Total expenses $20.9M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.1M · Total expenses $20.9M
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Fundraising cost ratio 0.2%
Revenue growth 4%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$309K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$19.8M revenue · ⤓ 990 PDF
FY2023$18.2M revenue · ⤓ 990 PDF
FY2022$23.4M revenue · ⤓ 990 PDF
FY2021$16.2M revenue · ⤓ 990 PDF
FY2020$18.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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