Southern Methodist College
- Assets
- $477.3k
- Revenue
- $164.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Orangeburg, SC
- Founding
- 07/1978
- Data as of
- 05/2024
- EIN
- 57-0650419
Organization Overview
Southern Methodist College is located in Orangeburg, SC. The organization was established in 1978. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2024, Southern Methodist College employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern 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 05/2024, Southern Methodist College generated $164.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $143.1k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE'S MISSION IS TO TRAIN CHRISTIANS TO SERVE GOD AND HIS CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN METHODIST COLLEGE'S PURPOSE IS TRAIN CHRISTIANS TO SERVE GOD AND HIS CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Woody Gregory Chairman | OfficerTrustee | 1 | $0 |
Rev Ellison Evans Vice-Chairman | OfficerTrustee | 1 | $0 |
Mrs Gale Pigott Secretary | OfficerTrustee | 1 | $0 |
Rev George Somervell Treasurer | OfficerTrustee | 1 | $0 |
Rev Rick Key Member-At-Large | OfficerTrustee | 1 | $0 |
Rev Jerry O'neal Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,087 |
| Total Program Service Revenue | $37,608 |
| Investment income | $11,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,531 |
| Net Income from Fundraising Events | $14,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,560 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,388 |
| Compensation of current officers, directors, key employees. | $29,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,368 |
| Advertising and promotion | $305 |
| Office expenses | $6,667 |
| Information technology | $5,005 |
| Royalties | $0 |
| Occupancy | $2,548 |
| Travel | $1,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,766 |
| All other expenses | $903 |
| Total functional expenses | $143,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,360 |
| Investments—publicly traded securities | $377,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477,342 |
| Accounts payable and accrued expenses | $805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $805 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $476,537 |
| Total liabilities and net assets/fund balances | $477,342 |