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Filing year 2024

SOUTHERN MUTUAL CHURCH INSURANCE CO

Columbia, South Carolina·EIN 57-0251155·NTEE Y20Z · Mutual & Membership Benefit·501(c)(4)
Total revenue
$80.3M
Total assets
$83M
Total expenses
$96.2M
Reported officers
17
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

President/ce
Above 90th percentile
$447k
$474k
Base
$365k
Bonus
Other
$26k
Benefits
$15k
Vice Preside
Vice President
Above 90th percentile
$213k
$226k
Base
$192k
Bonus
$2k
Other
Benefits
Executive Vi
Officer (Unspecified)
$190k
$201k
Base
$171k
Bonus
$1k
Other
$396
Benefits
COO
Median to 75th percentilevs all sectors nationwide
$185k
$197k
Base
$168k
Bonus
$1k
Other
$90
Benefits
Vice Preside
Vice President
Above 90th percentile
$127k
$135k
CFO
Median to 75th percentile
$55k
$59k
Director
Board Member
Median to 75th percentile
$18k
$20k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$13k
Director
Board Member
25th percentile to median
$13k
$13k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOUTHERN MUTUAL CHURCH INSURANCE CO equaled 0.5% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.5%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2023

From $427k in 2023 to $447k in 2024.

$427k
2023
$447k
2024
In today's dollarsEst.
Up 2% in real terms$466k to $474k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 9%.

$427k in 2023 to $447k in 2024.
  • Vice President pay rose 18% from 2023 to 2024.
  • Chief Financial Officer pay fell 75% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SOUTHERN MUTUAL CHURCH INSURANCE CO

What does the Chief Executive Officer of SOUTHERN MUTUAL CHURCH INSURANCE CO earn?

In 2024, the Chief Executive Officer of SOUTHERN MUTUAL CHURCH INSURANCE CO received $446,506 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTHERN MUTUAL CHURCH INSURANCE CO compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at SOUTHERN MUTUAL CHURCH INSURANCE CO falls in the top 10%. In 2024, the highest total compensation at SOUTHERN MUTUAL CHURCH INSURANCE CO equaled 0.5% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are SOUTHERN MUTUAL CHURCH INSURANCE CO's revenue and expenses?

In 2024, SOUTHERN MUTUAL CHURCH INSURANCE CO reported $80.3M in total revenue and $96.2M in total expenses on its IRS Form 990.

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