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Filing year 2024

SOUTHERN MUTUAL CHURCH INSURANCE CO

Columbia, South Carolina·EIN 57-0251155·NTEE Y20Z · Mutual & Membership Benefit·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 · Schedule J · 17 reported individuals · Filing year 2024

$447k
$474k
Base
$365k
Bonus
Other
$26k
Benefits
$15k
Vice Preside
vice president
$213k
$226k
Base
$192k
Bonus
$2k
Other
Benefits
Executive Vi
officer (unspecified)
$190k
$201k
Base
$171k
Bonus
$1k
Other
$396
Benefits
Base
$168k
Bonus
$1k
Other
$90
Benefits
Vice Preside
vice president
$127k
$135k
Director
board member
$18k
$20k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$13k
$13k
Director
board member
$13k
$13k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$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

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.

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

Revenue and expenses over time

SOUTHERN MUTUAL CHURCH INSURANCE CO reported revenue and expenses across 2 filing years.

RevenueExpenses
$73.8M
$87.6M
2023
$80.3M
$96.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

See full Mutual & Membership Benefit compensation data
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