Mission
TO PROVIDE AN EDUCATION AND RELATED SERVICES TO ALL ENROLLED STUDENTS.
Public Charity
MORRISON INSTITUTE OF TECHNOLOGY
Based in MORRISON, IL, MORRISON INSTITUTE OF TECHNOLOGY operates as a Public Charity. The organization reported $2.8M in revenue, $2.0M in expenses, $3.9M in total assets for fiscal year 2025.
EIN: 362919340
MORRISON, IL
Two-Year Colleges
NTEE: B41
Latest filing: 2025
Total Revenue$2.8M
Total Expenses$2.0M
Total Assets$3.9M
Grant Records1
Filing Years2021–2025
Where $100 goes at Morrison Institute of Technology
How Morrison Institute of Technology divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$78
Programs
the work itself
$22
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $78 for programs
$74
Provide college level academic programs with corresponding student services and activities
$4
Provide student housing to all on-campus students
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
SCHOOL PRESI
Chris Scott
DIRECTOR
Dave Weber
DIRECTOR
Deanna Hermes
DIRECTOR
Ken Gooley
CHAIRMAN
Mike Gunderson
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.8M | $2.0M | $3.9M |
| 2024 | $1.8M | $2.0M | $3.1M |
| 2023 | $1.7M | $1.8M | $3.2M |
| 2022 | $2.2M | $2.4M | $3.3M |
| 2021 | $2.7M | $2.1M | $3.5M |
Between 2021 and 2025, reported annual revenue held roughly steady at around $2.8M, with total assets most recently reported at $3.9M.
Interactive year-over-year charts and full filing details available with membership.