Overview
What is Southern Mutual Church Insurance Co?
Southern Mutual Church Insurance Co is a nonprofit organization based in Columbia, South Carolina. Their primary function is to offer specialized, cost-effective property and casualty insurance to member churches, catering to their unique needs. By doing so, they contribute to the social welfare of the communities they serve. Their mission is to protect member churches' properties against losses caused by fire, lightning, windstorm, arson, and liability at the lowest feasible cost. They promote safety consciousness through loss control, inspection services, and policyholder education. Additionally, Southern Mutual Church Insurance Co provides financial assistance with member-church mortgage loans at lower than prevailing interest rates and better terms. They had 11,383 policies in force and gross direct insurance premiums totaling $62,859,946 at the end of 2022. The organization employed 58 individuals.
Official website here: www.smcins.com
Is Southern Mutual Church Insurance Co legitimate?
Southern Mutual Church Insurance Co is a legitimate nonprofit organization registered as a 501(c)(4) entity. Southern Mutual Church Insurance Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,125,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,985,983
For more financial information, click here
Official website here: www.smcins.com
What is the mission statement of Southern Mutual Church Insurance Co?
Southern Mutual Church Insurance Co is dedicated to serving the communities of churches by offering specialized, cost-effective property and casualty insurance. Their mission is to enhance the social welfare of these communities by providing essential services, including management and facilities, to protect member churches' properties against various risks at the most affordable costs. Safety consciousness is prioritized through loss control, inspection services, and policyholder education, ultimately minimizing losses. Additionally, Southern Mutual Church Insurance Co extends financial assistance to churches with mortgage loans at preferable interest rates and terms.
Official website here: www.smcins.com
Who is the CEO of Southern Mutual Church Insurance Co?
Robert A Bates is the President/Ce of Southern Mutual Church Insurance Co.
Official website here: www.smcins.com
What is the revenue of Southern Mutual Church Insurance Co?
Southern Mutual Church Insurance Co's revenue in 2022 was $67,035,993.
Official website here: www.smcins.com
Who are the executives of Southern Mutual Church Insurance Co and what are their salaries?
The average compensation at Southern Mutual Church Insurance Co during 2022 was $70,895. There are 58 employees at Southern Mutual Church Insurance Co.
Here are 15 key members and their salaries:
- Robert A Bates (President/Ce) [Trustee/Director]
- Phillip R Frazier (Cfo)
- David F Karns (Vice Preside)
- Mark M Kesser (Vice Preside)
- Thomas G Earle (Director)
- Robert E Scarborough (Director)
- Wanda L Sylvester (Director)
- Thomas F Cordray (Director)
- William M Myers (Director)
- David J Charpia (Director)
- Elizabeth L Brabham (Director)
- Whittaker V Middleton (Director)
- Leland G Rollins Iii (Director)
- Thomas C Alexander (Director)
- Jackie G Jenkins (Director)
Official website here: www.smcins.com
Where can I find the form 990 for Southern Mutual Church Insurance Co?
The Southern Mutual Church Insurance Co’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.smcins.com
Learn more at the official website: www.smcins.com
Mission Statement of Southern Mutual Church Insurance Co
Southern Mutual Church Insurance Co, a unique nonprofit organization, is committed to providing specialized, cost-effective property and casualty insurance to member churches. With a focus on the specific needs of churches, this entity aims to contribute to the social welfare of the communities they serve. By offering insurance coverage for properties against losses caused by fire, lightning, windstorm, arson, and liability, Southern Mutual Church Insurance Co ensures the protection of church assets at the most reasonable cost.
Moreover, the organization goes beyond insurance by promoting safety consciousness through loss control, inspection services, and policyholder education. These efforts are geared towards minimizing losses and safeguarding the well-being of church communities. Southern Mutual Church Insurance Co also extends financial assistance to its member-churches by providing mortgage loans at lower than prevailing interest rates and superior terms. This commitment to offering financial support further strengthens the organization's dedication to the social welfare of the churches it serves.
Impact
This information is meant to be a general summary of Southern Mutual Church Insurance Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southern Mutual Church Insurance Co's impact is significant in benefiting the social welfare of communities by providing specialized, cost-effective property and casualty insurance to member churches. By offering insurance protection for churches at reduced rates and implementing various loss control measures, SMCIC helps safeguard their properties against risks like fire, lightning, windstorm, and liability. Additionally, the company promotes safety consciousness through education and inspection services to minimize losses. Furthermore, SMCIC extends financial assistance to member churches through mortgage loans at lower interest rates and improved terms, further supporting their needs. Overall, Southern Mutual Church Insurance Co plays a crucial role in ensuring the financial protection and well-being of churches, contributing to the greater stability and resilience of the communities they serve.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS PREMIUMS-MEMBER CHURCH
Revenue
$62,976,645
ALL OTHER PROGRAM SVC REV
Revenue
$145,398
MISC POLICIES PROVIDED SVCS
Revenue
$31,707
INTEREST LOW INTEREST CHURCH
Revenue
$31,225
Organization Details
Founding Year
1928
Phone
(803) 776-9365
Principal Officer
Robert A Bates
Main Address
PO BOX 9346, COLUMBIA, SC, 292900346
Website
www.smcins.com
NTEE Category
Code: Y20 - Mutual benefit
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