SOUTH CAROLINA STUDENT LOAN CORP Charity Report

Public IRS 990 nonprofit record

SOUTH CAROLINA STUDENT LOAN CORP

EIN 57-0602805 · Public & Societal Benefit (W600)

What they do

SCSLC AIDS IN THE FULFILLMENT of THE DESIRE and DIRECTION of THE PEOPLE of SOUTH CAROLINA IN MAKING LOANS AVAILABLE to RESIDENTS to ENABLE THEM to ATTEND ELIGIBLE INSTITUTIONS WHICH ARE BEYOND THE PUBLIC-SCHOOL LEVEL. SCSLC is ALSO EMPOWERED to ACT AS AN AGENT for OTHER INSTITUTIONS and FOUNDATIONS to RECEIVE, INVEST, HANDLE and DISBURSE FUNDS, and to SERVICE STUDENT LOANS, GUARANTEES of STUDENT LOANS, INSURANCE of STUDENT LOANS and ACQUISITIONS of CONTINGENT INTEREST IN STUDENT LOANS for OTHER PRIVATE, or GOVERNMENTAL INSTITUTIONS and FOUNDATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

69.11%of revenue went to mission work96.3% of expenses · Program services

$71.76spent for every $100 of revenueRevenue covered expenses this year.

2.65%of revenue went to management and office costs3.7% of expenses

$21.30in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $547,629 for DAVID A SIMON III (PRESIDENT & CEO, SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$58,364,992

Mission workProgram services$40,334,50669.11% of revenue96.3% of expenses

ManagementOffice and general costs$1,549,0732.65% of revenue3.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$16,481,41328.24% of revenueShown in gray on the chart

Total expenses$41,883,57971.76% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 71.76% of revenue

2023Expense mix: 97.1% mission · 2.9% management · 0.0% fundraisingTotal expenses: 73.25% of revenue

2022Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 81.82% of revenue

2021Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 88.60% of revenue

2020Expense mix: 91.1% mission · 8.9% management · 0.0% fundraisingTotal expenses: 72.78% of revenue

2019Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 89.88% of revenue

2018Expense mix: 97.2% mission · 2.8% management · 0.0% fundraisingTotal expenses: 87.80% of revenue

2017Expense mix: 99.4% mission · 0.6% management · 0.0% fundraisingTotal expenses: 86.01% of revenue

Money in and money out

Revenue$58,364,992

Expenses$41,883,579

Annual surplus $16,481,413 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$40,334,506 · 96.3% of expenses

Management and office costs$1,549,073 · 3.7% of expenses

See all reported dollar amounts

Revenue$58,364,992

Expenses$41,883,579

Assets$892,319,887

Income$190,549,870

Mission work (program services)$40,334,506

Grants given$2,474,500

Average grant$54,989

Management and general$1,549,073

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID A SIMON IIIPRESIDENT & CEO, SECRETARY · 35 hrs/week $547,629Base $486,808 · Other $60,821

BILL BOCHETTECFO & COO · 40 hrs/week $459,595Base $402,825 · Other $56,770

MELANIE BROOKE THOMASVICE PRESIDENT OF FINANCE · 35 hrs/week $230,105Base $190,791 · Other $39,314

RALPH JONESVP OF LOAN PROGRAMS · 35 hrs/week $210,427Base $190,833 · Other $19,594

JOSEPH BUZHARDTDIRECTOR OF BUSINESS INTEL · 35 hrs/week $177,950Base $144,551 · Other $33,399

CHRISTINE M WOJCIKVICE PRESIDENT OF HUMAN RE · 35 hrs/week $175,618Base $159,086 · Other $16,532

CLAIRE ANN GIBBONSEXECUTIVE DIRECTOR OF POWE · 40 hrs/week $169,487Base $153,375 · Other $16,112

ERICKA GREENDIRECTOR OF RISK MANAGEMEN · 35 hrs/week $146,324Base $132,747 · Other $13,577

WESTON FAIRCLOTHIT-OPERATIONS MANAGER · 35 hrs/week $136,361Base $114,932 · Other $21,429

DESTRA CAPERSDIRECTOR OF MARKETING AND OUTREACH · 35 hrs/week $135,791Base $122,660 · Other $13,131

JAMES THORNTON KIRBYCHAIR · 1 hrs/week $30,000

JASON CASKEYVICE CHAIR · 1 hrs/week $28,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

DAVID A SIMON IIIPRESIDENT & CEO, SECRETARY

BILL BOCHETTECFO & COO

MELANIE BROOKE THOMASVICE PRESIDENT OF FINANCE

RALPH JONESVP OF LOAN PROGRAMS

JOSEPH BUZHARDTDIRECTOR OF BUSINESS INTEL

CHRISTINE M WOJCIKVICE PRESIDENT OF HUMAN RE

CLAIRE ANN GIBBONSEXECUTIVE DIRECTOR OF POWE

ERICKA GREENDIRECTOR OF RISK MANAGEMEN

WESTON FAIRCLOTHIT-OPERATIONS MANAGER

DESTRA CAPERSDIRECTOR OF MARKETING AND OUTREACH

JAMES THORNTON KIRBYCHAIR

JASON CASKEYVICE CHAIR

FRED L GREEN IIITREASURER

NEIL E GRAYSONDIRECTOR

GAUTAM S GHATNEKAR DVM PH DDIRECTOR

WILLIE JEFFRIESDIRECTOR

BARBARA F WESTONDIRECTOR

A NEILL CAMERON JRDIRECTOR

CHARLIE C SANDERS JRDIRECTOR

RENEE R BROOKSDIRECTOR

OCTAVIA WILLIAMS-BLAKEDIRECTOR

About this charity

Recognized since: January 1975
Location: 1901 MAIN ST STE 400, COLUMBIA, SC 29201-2464
County: Richland
In care of: % COUNTYBANK TRUST
Primary officer: DAVID A SIMON III, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Phone(803) 798-0916

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ELLIOTT DAVIS ADVISORY LLC
NTEE classification: Public & Societal Benefit (W600)
Grant-giving organization: Yes