Spartanburg Methodist College

Organization Overview

Spartanburg Methodist College is located in Spartanburg, SC. The organization was established in 1943. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Spartanburg Methodist College employed 386 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spartanburg Methodist College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Spartanburg Methodist College generated $26.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $28.5m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SPARTANBURG METHODIST COLLEGE IS A PRIVATE RESIDENTIAL INSTITUTION OFFERING ASSOCIATE AND BACCALAUREATE DEGREES WITHIN THE UNITED METHODIST CONNECTION. AT SMC, LIVES ARE TRANSFORMED IN A VALUES-ORIENTED, STUDENT-CENTERED ATMOSPHERE IN THE CHRISTIAN TRADITION THAT ENCOURAGES ACADEMIC EXCELLENCE, INTELLECTUAL EXPLORATION, SOCIAL AWARENESS, AND CHARACTER DEVELOPMENT WITHIN THE LIBERAL ARTS TRADITION. THE ACADEMIC PROGRAM OFFERS STUDENTS THE OPTION OF TRANSFERRING TO A FOUR-YEAR COLLEGE OR UNIVERSITY FOR CONTINUED STUDY OR ENTERING A CAREER AFTER GRADUATION. THE CURRICULUM RANGES FROM THE BASIC LIBERAL ARTS AND TRANSFER PROGRAM TO PREPARATION FOR IMMEDIATE ENTRY INTO THE JOB MARKET THROUGH CAREER TRACK AND BACCALAUREATE DEGREE OPTIONS. THE COLLEGE OFFERS TO A WIDE VARIETY OF STUDENTS THE OPPORTUNITY OF HIGHER EDUCATION BY PROVIDING A COMPETENT AND DEDICATED FACULTY, DISTANCE LEARNING OPTIONS, FINANCIAL ASSISTANCE, WORK-STUDY POSITIONS, AND SPECIAL SUPPORT PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HIGHER EDUCATION: SMC IS A PRIVATE, CHURCH-RELATED (UNITED METHODIST) INSTITUTION OF HIGHER EDUCATION. THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 1000 LIBERAL ARTS STUDENTS.


THE COLLEGE PROVIDES HOUSING AND FOOD SERVICE TO STUDENTS FOR A FEE AND IS A MEMBER OF THE NJCAA FOR ATHLETIC PURPOSES. AUXILIARY ENTERPRISES CONSIST OF THE REVENUES AND EXPENSES RELATED TO THESE AREAS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Interior Elements Llc
Design/consulting
$333,608
Mavin Construction Llc
General Contractor
$262,991
Ellucian Company Lp
Programming And Consulting
$588,506
Mediacross Inc
Marketing/consulting
$218,132
Roebuck Wholesale Nursery & Landscaping
Landscaping
$196,133
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,586,582
All other contributions, gifts, grants, and similar amounts not included above$2,867,125
Noncash contributions included in lines 1a–1f $349,990
Total Revenue from Contributions, Gifts, Grants & Similar$5,453,707
Total Program Service Revenue$20,452,486
Investment income $372,114
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $10,350
Net Gain/Loss on Asset Sales $83,277
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,371,934

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Spartanburg Methodist College has recieved totaling $5,000.

Awarding OrganizationAmount
Smiles Christian Foundation

Melbourne, FL

PURPOSE: TO HELP SUPPORT COLLEGE STUDENTS NEEDING FINANCIAL SUPPORT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,411,719
Earnings-$2,876,219
Net Contributions$388,326
Grants$1,356,773
Ending Balance$25,567,053

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