Presbyterian College
90% goes to programs $24 to raise $100 Strong reserves Declining revenue
Presbyterian College is a 501(c)(3) organization based in Clinton, South Carolina, registered in 1944, with $67,870,455 in FY2023 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
503 S Broad St, Clinton, SC, 29325 EIN 57-0314408 Since 1944
Revenue (FY2023)
$67.9M
▲ 0.8% vs prior year
Housing median: $408K
Expenses (FY2023)
$75.5M
Net assets
$156.5M
Employees
719
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating90% to programs · $24 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Presbyterian College: 90% to programs · $24 to raise $100 earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating25 mo reserves · -11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Presbyterian College: 25 mo reserves · -11% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Presbyterian College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Presbyterian College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
At presbyterian college, our philosophy is: offer a rigorous education with a builtin support network. professors, students, administrators we all work together to help each other succeed. we want our students to be adventurous and successful; competitive and compassionate. we work as a community, inspiring our students to learn, and to value service along the way.
Contact & location
- Address
- 503 S Broad St, Clinton, SC, 29325
- City
- Clinton
- State
- South Carolina
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $83.0M (FY2013) to $67.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15.9MNet assets $156.5M
Operating margin
-11.3%
Spent more than it raised in the latest fiscal year.
Total assets
$172.5M
Total liabilities
$15.9M
Net assets
$156.5M
Salaries & benefits
$21.5M
28% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,870,455▲0.8% | $75,535,830▼1.5% | $156,542,015▼0.7% | $172,485,734▼1.2% | 990 |
| 2022 | $67,335,105▼24.3% | $76,719,009▲2.2% | $157,647,954▼1.1% | $174,616,975▲2.9% | 990 |
| 2021 | $88,923,776▲8.0% | $75,068,910▲8.5% | $159,460,201▼4.9% | $169,714,653▼5.1% | 990 |
| 2020 | $82,344,801▲19.0% | $69,161,981▼0.6% | $167,711,755▲22.5% | $178,788,042▲17.8% | 990 |
| 2019 | $69,186,171▲0.3% | $69,596,937▼8.6% | $136,862,818 | $151,722,044▲2.3% | 990 |
| 2018 | $68,947,315▼5.9% | $76,162,101▲10.2% | $136,817,184▼4.7% | $148,301,180▼21.6% | 990 |
| 2017 | $73,277,336▲4.4% | $69,142,053▲2.6% | $143,598,849▲2.4% | $189,170,118▲1.8% | 990 |
| 2016 | $70,163,203▲8.6% | $67,360,903▲3.5% | $140,265,587▲9.8% | $185,856,484▲9.0% | 990 |
| 2015 | $64,613,114▼16.2% | $65,103,088▼5.6% | $127,803,535▼4.5% | $170,559,358▼2.9% | 990 |
| 2014 | $77,101,716▼7.1% | $68,934,470▲4.6% | $133,758,799▲4.5% | $175,609,305▲3.7% | 990 |
| 2013 | $83,012,323 | $65,889,750▲1.8% | $128,009,815▲4.3% | $169,383,839▲3.0% | 990 |
| 2012 | — | $64,732,032▲2.1% | $122,739,998▲7.3% | $164,396,684▲4.9% | 990 |
| 2011 | — | $63,377,195▼1.1% | $114,437,024▼2.5% | $156,762,168▼2.0% | 990 |
| 2010 | — | $64,052,878▲9.0% | $117,410,264▲9.7% | $160,039,554▲7.2% | 990 |
| 2009 | — | $58,780,997 | $107,026,964 | $149,296,591 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kerry Pannell — $186,816 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kerry Pannell | Provost & Vp - Academic Affairs | 37.5 | $186,816 |
| Matthew Vandenberg | Former President | 0 | $167,037 |
| Kayce Shealy | Associate Dean For Academic Affairs - Pharmacy School | 37.5 | $156,464 |
| Giuseppe Gumina | Dean - School of Pharmacy | 37.5 | $147,277 |
| Francis Schodowski | Vp - Advancement | 37.5 | $134,870 |
| Cindy Erb | Interim Program Director - Occupational Therapy Doctoral Program (part Year) | 37.5 | $131,283 |
| Steve Englehart | Head Football Coach | 37.5 | $130,682 |
| Amanda Stevenson-cali | Program Director - Physician Assistant Program | 37.5 | $128,556 |
| Anita Gustafson | President | 37.5 | $109,139 |
| Leni Patterson | Executive Director of Strategic Initiatives | 37.5 | $108,753 |
| Dana Simmons | Chief Marketing Officer | 37.5 | $102,374 |
| Rob Acunto | Athletic Director (part Year) | 37.5 | $99,228 |
| Dee Nichols | Athletic Director | 37.5 | $94,364 |
| Drew Peterson | Dean of Students | 37.5 | $93,703 |
| Selena Blair | Vp - Justice, Equity, Diversity, & Inclusion | 37.5 | $93,265 |
| Buz Wilcoxon | Chaplain & Dean of Spiritual Life | 37.5 | $81,846 |
| Ann Taylor Morgan | Trustee | 1.5 | — |
| Brad Bryant | Trustee | 1.5 | — |
| Brad Spearman | Trustee | 1 | — |
| Brandon Vinson | Vp - Enrollment Management | 37.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Langston Construction Company | Construction | $4,572,472 |
| The Budd Group | Janitorial, Landscaping | $1,281,156 |
| 3 Enrollment Marketing | Marketing | $376,170 |
| Cannon Roofing | Repairs, Construction | $223,716 |
| Scott's Climate Control | Mechanical/electrical/plumbing Repairs | $184,802 |
Grants received · $11.6M total
108 grants to Presbyterian College totaling $11.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $6.4M in FY2018
1 grant totaling $6.4M in FY2018. All grants made by Presbyterian College →
| Recipient | Purpose | Amount |
|---|---|---|
| Presbyterian College Real Estate Foundation | Construction and renovation plan | $6,412,171 |
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Frequently asked questions
- Is Presbyterian College a legitimate nonprofit?
- Yes. Presbyterian College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0314408, based in Clinton, South Carolina. Donations are tax-deductible.
- What is Presbyterian College's EIN?
- Presbyterian College's Employer Identification Number (EIN) is 57-0314408.
- How much revenue does Presbyterian College report?
- Presbyterian College reported $67,870,455 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Presbyterian College's spending goes to programs?
- Presbyterian College spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Presbyterian College have?
- CharityIndex grades Presbyterian College B+, based on program efficiency and fundraising cost.
- How much does Presbyterian College's highest-paid employee make?
- The highest reported compensation on Presbyterian College's latest Form 990 is $186,816, paid to Kerry Pannell (Provost & Vp - Academic Affairs).
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Data for Presbyterian College (EIN 57-0314408) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.