Totals
- Total revenue
- $31,221,272
- Total expenses
- $30,437,933
- Contributions and grants received
- $4,785,074
- Grants paid
- $7,075,561
- Program service revenue
- $25,789,010
- Investment income
- $598,038
- Other revenue
- $49,150
- Total assets, end of year
- $58,359,867
- Total liabilities, end of year
- $7,215,709
- Net assets or fund balances, end of year
- $51,144,158
- Program services expenses (Part IX)
- $24,110,644
- Management and general expenses
- $5,854,851
- Fundraising expenses
- $472,438
- Program service expenses (Part III)
- $24,110,644
Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$2,416,253
-
1f · All other contributions, gifts and grants
$2,368,821
-
1g · Noncash contributions included above
$42,311
-
2a · Program service revenue: Tuition
total $20,543,740 · related or exempt $20,543,740 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Auxiliary
total $4,899,834 · related or exempt $4,899,834 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Transcripts
total $6,627 · related or exempt $6,627 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $338,809 · related or exempt $338,809 · unrelated business $0 · excluded $0
-
3 · Investment income
total $597,948 · related or exempt $0 · unrelated business $0 · excluded $597,948
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $49,150 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $49,150 · personal property $0
-
6d · Net rental income or loss
total $49,150 · related or exempt $0 · unrelated business $0 · excluded $49,150
-
7a · Gross sales of assets other than inventory
securities $38,741 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $38,651 · other assets $0
-
7c · Gain or loss
securities $90 · other assets $0
-
7d · Net gain or loss
total $90 · related or exempt $0 · unrelated business $0 · excluded $90
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $7,075,561 · program services $7,075,561
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,399,421 · program services $432,333 · management and general $837,051 · fundraising $130,037
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $10,124,666 · program services $8,218,190 · management and general $1,759,263 · fundraising $147,213
-
8 · Pension plan contributions
total $356,020 · program services $249,496 · management and general $95,880 · fundraising $10,644
-
9 · Other employee benefits
total $964,759 · program services $730,570 · management and general $220,732 · fundraising $13,457
-
10 · Payroll taxes
total $804,925 · program services $611,850 · management and general $174,229 · fundraising $18,846
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $23,940 · program services $0 · management and general $23,940 · fundraising $0
-
11c · Fees: accounting
total $73,324 · program services $0 · management and general $73,324 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $93,891 · program services $0 · management and general $93,891 · fundraising $0
-
11g · Fees: other
total $523,995 · program services $472,195 · management and general $51,046 · fundraising $754
-
12 · Advertising and promotion
total $737,549 · program services $325,110 · management and general $412,365 · fundraising $74
-
13 · Office expenses
total $945,063 · program services $768,412 · management and general $167,403 · fundraising $9,248
-
14 · Information technology
total $846,529 · program services $7,786 · management and general $838,743 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,073,551 · program services $1,069,687 · management and general $3,864 · fundraising $0
-
17 · Travel
total $719,466 · program services $662,552 · management and general $52,127 · fundraising $4,787
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $44,452 · program services $28,356 · management and general $12,383 · fundraising $3,713
-
20 · Interest
total $219,417 · program services $0 · management and general $219,417 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,374,960 · program services $1,099,968 · management and general $219,994 · fundraising $54,998
-
23 · Insurance
total $344,548 · program services $68,504 · management and general $276,044 · fundraising $0
-
24a · Other expenses: Library books and audio visuals
total $77,726 · program services $77,726 · management and general $0 · fundraising $0
-
24b · Other expenses: Food Service
total $862,862 · program services $862,862 · management and general $0 · fundraising $0
-
24c · Other expenses: Public Relations and Revruitment
total $65,558 · program services $45,853 · management and general $10,416 · fundraising $9,289
-
24d · Other expenses: Student Life and Services
total $798,654 · program services $759,630 · management and general $38,992 · fundraising $32
-
24e · All other expenses
total $887,096 · program services $544,003 · management and general $273,747 · fundraising $69,346
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,100 · end of year $1,100
-
2 · Savings and temporary cash investments
beginning of year $7,350,022 · end of year $7,749,245
-
3 · Pledges and grants receivable
beginning of year $854,729 · end of year $886,752
-
4 · Accounts receivable
beginning of year $193,467 · end of year $503,935
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $17,601 · end of year $18,195
-
8 · Inventories for sale or use
beginning of year $23,394 · end of year $19,746
-
9 · Prepaid expenses and deferred charges
beginning of year $372,839 · end of year $484,144
-
10a · Land, buildings and equipment: cost or other basis
$48,834,955
-
10b · Land, buildings and equipment: accumulated depreciation
$28,763,971
-
10c · Land, buildings and equipment, net
beginning of year $21,029,438 · end of year $20,070,984
-
11 · Investments: publicly traded securities
beginning of year $27,030,763 · end of year $27,572,254
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,027,351 · end of year $1,053,512
-
17 · Accounts payable and accrued expenses
beginning of year $367,127 · end of year $428,503
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $4,325,070 · end of year $1,984,634
-
20 · Tax-exempt bond liabilities
beginning of year $4,386,714 · end of year $4,381,738
-
21 · Escrow or custodial account liability
beginning of year $22,363 · end of year $20,069
-
22 · Loans and payables to officers and key people
beginning of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0
-
25 · Other liabilities
beginning of year $440,518 · end of year $400,765
-
27 · Net assets without donor restrictions
beginning of year $23,816,388 · end of year $24,628,462
-
28 · Net assets with donor restrictions
beginning of year $24,542,524 · end of year $26,515,696
Mission and programs · 2024
Mission
SMC Delivers an exceptional education that fuses the empowerment of the liberal arts with crucial career skills. Our mission is to equip our students with the knowledge, skills, virtues, and mindset needed to thrive personally, create positive change in their communities, and lead purposeful lives. Through a transformative liberal arts education, practical career skills, and holistic support, we emplower students to confidently pursue the future they've imagined for themselves.
Activities or mission (Part I)
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.
-
Higher Education: SMC is a private, church-related (United Methodist) institution of higher education. The College provides instruction to approximately 1200 liberal arts students.
Expenses $18,016,619 · Grants $7,075,561 · Revenue $20,889,176
-
The College provides housing and food service to students for a fee and is a member of the NAIA for athletic purposes. Auxiliary enterprises consist of the revenues and expenses related to these areas.
Expenses $6,094,025 · Revenue $4,899,834
As filed on the 2024 return.
Listed in Part VII
-
William S Cochran
President of the College
- Total calculated
- $282,709
- From this org
- $256,268
- From related orgs
- $0
- Other
- $26,441
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $256,268
- Bonus
- $0
- Other
- $0
- Deferred
- $13,328
- Nontaxable benefits
- $13,113
- Filer's total
- $282,709
-
Curt Laird
Provost & Executive VP for Academic Affairs
- Total calculated
- $159,538
- From this org
- $147,198
- From related orgs
- $0
- Other
- $12,340
- Hours/week
- 45
-
Benjamin Maxwell
VP for Enrollment
- Total calculated
- $140,301
- From this org
- $133,620
- From related orgs
- $0
- Other
- $6,681
- Hours/week
- 45
-
Martin Woods
VP for Facilities
- Total calculated
- $139,264
- From this org
- $121,098
- From related orgs
- $0
- Other
- $18,166
- Hours/week
- 45
-
Michael Crocker
CFO
- Total calculated
- $133,316
- From this org
- $122,226
- From related orgs
- $0
- Other
- $11,090
- Hours/week
- 45
-
Jason Womick
VP for IT and Analytics
- Total calculated
- $119,140
- From this org
- $100,603
- From related orgs
- $0
- Other
- $18,537
- Hours/week
- 45
-
Jennifer Dillenger
VP for Advancement
- Total calculated
- $118,884
- From this org
- $100,466
- From related orgs
- $0
- Other
- $18,418
- Hours/week
- 45
-
Lisa Ware
VP for Marketing
- Total calculated
- $115,805
- From this org
- $105,365
- From related orgs
- $0
- Other
- $10,440
- Hours/week
- 45
-
Courtney Shelton
VP for Student & Professional Development
- Total calculated
- $112,887
- From this org
- $102,797
- From related orgs
- $0
- Other
- $10,090
- Hours/week
- 45
-
Jerry Gadsden
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Gramling
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Lane Glaze
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Michael Allen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Babb
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pat Barber
Director
- Total calculated
- $0
- Hours/week
- 1
-
Phillip Buchheit
Director
- Total calculated
- $0
- Hours/week
- 1
-
Margaret Clayton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Grant Close
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marcos Gomez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beth Hrubala
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frank Lee
Director
- Total calculated
- $0
- Hours/week
- 1
-
Evelyn Middleton
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Betty Montgomery
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlita Moss
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn Murphy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Darryl Owings
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Ramsey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Harriet Rucker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Clint Settle
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elaine Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ashley Williams
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- The College provides membership for the President to a local social club. This membership is primarily for the benefit of the College as only individuals (not institutions) can be members. This gives the College access to use the club's facilities for College hosted events. This is treated as a non-taxable benefit.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 September 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523049349301727
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