SOUTHERN MUTUAL CHURCH INSURANCE COMPANY

As filed

Subsection

04

NTEE code

Y20Z

Classification

3000

Street

PO BOX 9346

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• GROSS DIRECT INSURANCE PREMIUM FROM MEMBER CHURCHES = 77,705,270 MEMBER CHURCHES INSURED AT 12/31/2024 = 11,492 POLICIES IN FORCE = 19,744 THE PRIMARY FUNCTION OF SMCIC IS TO PROVIDE INSURANCE PROTECTION FOR ITS MEMBER CHURCHES AT THE LOWEST COST POSSIBLE BY REDUCED RATES AND OTHER METHODS PERMISSIBLE BY LAW.

  Expenses $96,099,024 · Revenue $77,803,603

• LOW INTEREST RATE LOANS TO MEMBER CHURCHES. TOTAL LOANS OUTSTANDING AT 12/31/24 = 783,993 LOANS ARE MADE FROM AVAILABLE SURPLUS.

  Expenses $79,078 · Revenue $49,145

• MISCELLANEOUS POLICIES PROVIDED AS A SERVICE TO MEMBERS. THIS TYPE OF POLICY IS NOT AVAILABLE THROUGH THE COMPANY. SMCIC CANNOT ALWAYS PROVIDE PROTECTION DIRECTLY FOR MEMBERS' NEEDS AND WILL ARRANGE OUTSIDE CONTRACTS.

  Expenses $16,775 · Revenue $33,353

• MINIMAL SERVICE FEES RELATED TO PREMIUM PAYMENT PLANS. REVENUE RECOGNIZED AS PROGRAM SERVICE REVENUE IN PART VIII WITH NO ASSOCIATED ALLOCATED EXPENSES. THE COMPANY ALSO PROVIDES AN ANNUAL INSPECTION PROGRAM AND SAFETY INSTRUCTIONS FOR EACH MEMBER CHURCH AS A SERVICE TO HELP MITIGATE LOSSES AND PROTECT PROPERTY AND PEOPLE. THIS IS A FREE SERVICE AND NO ASSOCIATED REVENUE OR EXPENSES HAVE BEEN ALLOCATED. THE COMPANY PROVIDES EDUCATIONAL WORKSHOPS AND TRAINING PROGRAMS AS A SERVICE TO HELP MITIGATE LOSSES AND PROTECT PROPERTY AND PEOPLE. THIS A FREE SERVICE AND NO ASSOCIATED REVENUE OR EXPENSES HAVE BEEN ALLOCATED. EXPENSES 0. INCLUDING GRANTS OF 0. REVENUE 177,124.

  Revenue $177,124

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $80,252,881

  Expenses

  $96,194,877

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $73,780,868

  Expenses

  $87,585,073

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $67,035,993

  Expenses

  $67,871,296

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $60,236,584

  Expenses

  $57,205,426

  Assets (EOY)

  $92,657,119

• 2020 · 990

  Revenue

  $56,604,162

  Expenses

  $53,797,420

  Assets (EOY)

  $84,973,729

• 2019 · 990

  Revenue

  $51,219,086

  Expenses

  $46,175,537

  Assets (EOY)

  $82,771,968

• 2018 · 990

  Revenue

  $48,186,492

  Expenses

  $45,034,421

  Assets (EOY)

  $73,176,672

• 2017 · 990

  Revenue

  $45,441,550

  Expenses

  $39,553,936

  Assets (EOY)

  $70,227,702

• 2016 · 990

  Revenue

  $43,215,961

  Expenses

  $37,132,097

  Assets (EOY)

  $63,708,501

• 2015 · 990

  Revenue

  $41,189,795

  Expenses

  $38,387,686

  Assets (EOY)

  $55,139,314

• 2014 · 990

  Revenue

  $39,486,512

  Expenses

  $36,356,631

  Assets (EOY)

  $51,465,488

• 2013 · 990

  Revenue

  $37,051,285

  Expenses

  $34,210,191

  Assets (EOY)

  $46,951,408

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $33,662,446

  Assets (EOY)

  $42,226,478

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files