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Southern Mutual Church Insurance Company

Social welfare
Social Welfare / Advocacy · COLUMBIA, SC · EIN 57-0251155

About

To benefit the social welfare of communities by providing necessary services, including management and facilities, for the SOLE and exclusive benefit of member churches to protect their property against LOSS by fire, lightning, windstorm, arson and liability at the lowest feasible cost. To promote safety consciousness through LOSS control, inspection services and policyholder education in order to minimize losses. To provide financial assistance with member-church mortgage loans at lower than prevailing interest rates and better terms.

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
61
Volunteers

Financial Snapshot

FY ending 2023-12-31
Revenue
$73.8M
Expenses
$87.6M
Assets
$84.3M
Liabilities
$49.2M

Financial history

$87.6M$43.8M$0
1617181920212223
RevenueExpenses
Latest FY2023: $73.8M · Avg: $54.8M
SOUTHERN MUTUAL CHURCH INSURANCE COMPANY
Your actions

Address

PO BOX 9346
Columbia, SC, 29290-034

Governance

Voting board members12
Independent members11
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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