Southern Mutual Church Insurance Company
100% goes to programs Growing revenue
Southern Mutual Church Insurance Company is a 501(c)(4) organization based in Columbia, South Carolina, registered in 1983, with $80,252,881 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
Po Box 9346, Columbia, SC, 29290 EIN 57-0251155 Since 1983
Revenue (FY2024)
$80.3M
▲ 8.8% vs prior year
Membership median: $185K
Expenses (FY2024)
$96.2M
Net assets
$24.8M
Employees
67
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 →A+Program efficiency40% of the rating100% to programs
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 Southern Mutual Church Insurance Company: 100% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating3 mo reserves · -20% 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 Southern Mutual Church Insurance Company: 3 mo reserves · -20% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Southern Mutual Church Insurance Company: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Southern Mutual Church Insurance Company: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide specialized, cost-effective property and casualty insurance to member churches. oriented towards specific needs unique to churches, thereby benefiting the social welfare of the communities of churches served.
What they do
Low interest rate loans to member churches. total loans outstanding at 12/31/24 = 783,993 loans are made from available surplus.
Miscellaneous policies provided as a service to members. this type of policy is not available through the company. smcic cannot always provide protection directly for members' needs and will arrange outside contracts.
Minimal service fees related to premium payment plans. revenue recognized as program service revenue in part viii with no associated allocated expenses. the company also provides an annual inspection program and safety instructions for each member church as a service to help mitigate losses and protect property and people. this is a free service and no associated revenue or expenses have been allocated. the company provides educational workshops and training programs as a service to help mitigate losses and protect property and people. this a free service and no associated revenue or expenses have been allocated. expenses 0. including grants of 0. revenue 177,124.
Contact & location
- Address
- Po Box 9346, Columbia, SC, 29290
- City
- Columbia
- State
- South Carolina
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $37.1M (FY2013) to $80.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $58.2MNet assets $24.8M
Operating margin
-19.9%
Spent more than it raised in the latest fiscal year.
Total assets
$83.0M
Total liabilities
$58.2M
Net assets
$24.8M
Salaries & benefits
$6.3M
7% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,252,881▲8.8% | $96,194,877▲9.8% | $24,789,865▼29.4% | $82,986,444▼1.5% | 990 |
| 2023 | $73,780,868▲10.1% | $87,585,073▲29.0% | $35,129,924▼28.4% | $84,287,816▼9.4% | 990 |
| 2022 | $67,035,993▲11.3% | $67,871,296▲18.6% | $49,057,198▼6.7% | $93,023,190▲0.4% | 990 |
| 2021 | $60,236,584▲6.4% | $57,205,426▲6.3% | $52,578,578▲8.0% | $92,657,119▲9.0% | 990 |
| 2020 | $56,604,162▲10.5% | $53,797,420▲16.5% | $48,683,287▲3.7% | $84,973,729▲2.7% | 990 |
| 2019 | $51,219,086▲6.3% | $46,175,537▲2.5% | $46,963,324▲17.4% | $82,771,968▲13.1% | 990 |
| 2018 | $48,186,492▲6.0% | $45,034,421▲13.9% | $40,016,355▲3.6% | $73,176,672▲4.2% | 990 |
| 2017 | $45,441,550▲5.1% | $39,553,936▲6.5% | $38,623,424▲17.3% | $70,227,702▲10.2% | 990 |
| 2016 | $43,215,961▲4.9% | $37,132,097▼3.3% | $32,934,892▲24.9% | $63,708,501▲15.5% | 990 |
| 2015 | $41,189,795▲4.3% | $38,387,686▲5.6% | $26,368,692▲7.8% | $55,139,314▲7.1% | 990 |
| 2014 | $39,486,512▲6.6% | $36,356,631▲6.3% | $24,467,556▲17.5% | $51,465,488▲9.6% | 990 |
| 2013 | $37,051,285 | $34,210,191▲1.6% | $20,819,240▲21.0% | $46,951,408▲11.2% | 990 |
| 2012 | — | $33,662,446▼13.9% | $17,209,467▲11.7% | $42,226,478▲6.3% | 990 |
| 2011 | — | $39,081,415▲21.5% | $15,408,636▼29.1% | $39,727,082▼11.3% | 990 |
| 2010 | — | $32,170,129 | $21,743,533 | $44,800,020 | 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 (FY2024)
Highest-paid: Robert A Bates — $391,101 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert A Bates | President/ce | 32.5 | $391,101 |
| Phillip R Frazier | Vice Preside | 32.5 | $194,137 |
| David F Karns | Executive VI | 32.5 | $172,518 |
| Mark M Kesser | Coo | 32.5 | $168,640 |
| Matthew M Quinton | Vice Preside | 32.5 | $115,720 |
| Ronald E Head | Cfo | 32.5 | $55,284 |
| Thomas G Earle | Director | 1 | $18,450 |
| Robert E Scarborough | Director | 1 | $14,450 |
| Wanda L Sylvester | Director | 1 | $14,200 |
| Elizabeth L Brabham | Director | 1 | $12,600 |
| William M Myers | Director | 1 | $12,600 |
| David J Charpia | Director | 1 | $11,400 |
| Jackie G Jenkins | Director | 1 | $11,400 |
| Leland G Rollins III | Director | 1 | $11,400 |
| Thomas C Alexander | Director | 1 | $11,400 |
| Thomas F Cordray | Director | 1 | $11,400 |
| Whittaker V Middleton | Director | 1 | $11,400 |
Top vendors & contractors (FY2013)
| Contractor | Services | Paid |
|---|---|---|
| None | — | — |
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Compare Southern Mutual Church Insurance Company
Frequently asked questions
- Is Southern Mutual Church Insurance Company a legitimate nonprofit?
- Yes. Southern Mutual Church Insurance Company is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 57-0251155, based in Columbia, South Carolina.
- What is Southern Mutual Church Insurance Company's EIN?
- Southern Mutual Church Insurance Company's Employer Identification Number (EIN) is 57-0251155.
- How much revenue does Southern Mutual Church Insurance Company report?
- Southern Mutual Church Insurance Company reported $80,252,881 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Southern Mutual Church Insurance Company's spending goes to programs?
- Southern Mutual Church Insurance Company spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southern Mutual Church Insurance Company have?
- CharityIndex grades Southern Mutual Church Insurance Company B+, based on program efficiency and fundraising cost.
- How much does Southern Mutual Church Insurance Company's highest-paid employee make?
- The highest reported compensation on Southern Mutual Church Insurance Company's latest Form 990 is $391,101, paid to Robert A Bates (President/ce).
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Data for Southern Mutual Church Insurance Company (EIN 57-0251155) 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.