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- EIN 57-0251155
- (803) 776-9365
- Po Box 9346 Columbia SC 29290-0346 USA
- www.smcins.com
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Nonprofit Overview
Causes: Insurance Providers
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, and windstorm at the lowest feasible cost. To promote safety consciousness in order to minimize losses. To provide financial assistance with member-church mortgage loans at lower than prevailing interest rates and better terms.
Programs: Gross direct insurance premium from member churches = 42,889,995 member churches insured at 12/31/2017 = 9,107 policies in force = 15,505 the primary function of smcic is to provide protection for its member churches at the lowest cost possible by reduced rates and other methods permissible by law.
low interest rate loans to member churches. Total loans outstanding at 12/31/17 = 1,561,050 loans are made from available surplus.
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 arrage outside contracts.
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 loss. This is a free service and no associated revenue or expenses have been allocated. Expenses 0. Including grants of 0. Revenue 109,322.