Organizations Filed Purposes:
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.
TO PROVIDE SPECIALIZED, COST-EFFECTIVE PROPERTY AND CASUALTY INSURANCE TO MEMBER CHURCHES. ORIENTED TOWARDS SPECIFIC NEEDS UNIQUE TO CHURCHES, THEREBY BENEFITING THE SOCIAL WELFARE OF THE COMMUNITIES OF CHURCHES SERVED.
GROSS DIRECT INSURANCE PREMIUM FROM MEMBER CHURCHES = 51,855,826 MEMBER CHURCHES INSURED AT 12/31/2020 = 10,471 POLICIES IN FORCE = 17,897 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 12/31/20 = 1,005,975 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 ARRANGE OUTSIDE CONTRACTS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Robert A Bates | PRESIDENT/CE | 32.5 | $398,786 |
| Phillip R Frazier | CHIEF FINANC | 32.5 | $193,048 |
| David F Karns | VICE PRESIDE | 32.5 | $157,622 |
| Mark Kesser | VICE PRESIDE | 32.5 | $149,961 |
| Thomas G Earle | DIRECTOR | 1 | $19,250 |
| Robert E Scarborough | DIRECTOR | 1 | $15,250 |
| Wanda L Sylvester | DIRECTOR | 1 | $14,600 |
| William M Myers | DIRECTOR | 1 | $13,000 |
| Whittaker V Middleton | DIRECTOR | 1 | $11,700 |
| Jackie G Jenkins | DIRECTOR | 1 | $11,400 |
| Willie Ginn | DIRECTOR | 1 | $11,400 |
| Thomas F Cordray | DIRECTOR | 1 | $11,400 |
| David J Charpia | DIRECTOR | 1 | $11,400 |
| Elizabeth L Brabham | DIRECTOR | 1 | $11,400 |
| Leland G Rollins Iii | DIRECTOR | 1 | $9,700 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202131469349300213_public.xml