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Nonprofit · EIN 57-0288358

MEDICAL SOCIETY OF S C

Tax-exempt · CHARLESTON, SC 29401

Financials

$14.8M$7.5M2023$17.7M$7.4M2024
Revenue Expenses · by fiscal year end
Financials of MEDICAL SOCIETY OF S C by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$17,721,491$7,416,734$10,304,757$701,647,063$76,616,382$625,030,681
December 31, 2023990$14,792,827$7,519,259$7,273,568$608,270,408$78,813,057$529,457,351
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$51,771
Membership dues
$51,771
Program service revenue
$0
Investment income
$12,542,417
Net rental income
$5,126,515
Net gain from sales of assets
$6,374,248
Other revenue
$5,127,303

Expenses

Grants and similar amounts paid
$451,675
Compensation of officers, directors and key employees
$522,959
Other salaries and wages
$36,023
Salaries, compensation and benefits (total)
$591,874
Professional fundraising fees
$0
Legal fees
$235,897
Accounting fees
$77,020
Occupancy
$40,251
Depreciation
$2,439,703
Program services (functional)
$6,650,133
Management and general (functional)
$766,601

Balance sheet and other

Total assets, start of year
$608,270,408
Total assets, end of year
$701,647,063
Total liabilities, end of year
$76,616,382
Net assets, end of year
$625,030,681
Land, buildings and equipment
$70,508,215
Publicly traded securities
$237,116,571
Net assets without donor restrictions
$625,030,681
Gross receipts
$17,721,491
Employees
2
Volunteers
0
Year formed
1789
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CHARLES F RIVERSCHIEF EXECUTIVE OFFICER
Officer
40$512,100$30,486
MELISSA MCGUIRESENIOR EXECUTIVE ASSISTANT
Officer
40$85,859$6,344
JASON CURRY MDVICE PRESIDENT
Trustee or director, Officer
1$0$0
JOSEPH SANFRANCESCO MDSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
RON TURNER MDPRESIDENT
Trustee or director, Officer
1$0$0
BRYAN ASHLEY MDDIRECTOR
Trustee or director
1$0$0
DAVID M ELLISON MDDIRECTOR
Trustee or director
1$0$0
HENRY C WEST MDDIRECTOR
Trustee or director
1$0$0
JOHN MITCHELL MDDIRECTOR
Trustee or director
1$0$0
JOHN SPRATT MDDIRECTOR
Trustee or director
1$0$0
JOHN WALTERS MDDIRECTOR
Trustee or director
1$0$0
JULIUS IVESTER MDDIRECTOR
Trustee or director
1$0$0
KAREN WRIGHTEN DR EDUDIRECTOR
Trustee or director
1$0$0
SCOTT WOODFIELD MDDIRECTOR
Trustee or director
1$0$0
VALERIE SCOTT MDDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
CHARLES F RIVERSCHIEF EXECUTIVE OFFICER
Officer
40$440,404$26,935
MELISSA MCGUIRESENIOR EXECUTIVE ASSISTANT
Officer
40$82,255$6,269
BRIAN G CUDDY MDDIRECTOR
Trustee or director, Officer
1$0$0
HENRY C WESTIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
1$0$0
J RICK MCEVOY MDPRESIDENT
Trustee or director, Officer
1$0$0
JONATHAN DONALDSON MDVICE PRESIDENT
Trustee or director, Officer
1$0$0
JORGE LAGARES-GARCIA MDSecretary/Treasurer
Trustee or director, Officer
1$0$0
DAVID M ELLISON MDDIRECTOR
Trustee or director
1$0$0
ELEANOR OAKMAN MDDIRECTOR
Trustee or director
1$0$0
IVESTER JULIUS MDDIRECTOR
Trustee or director
1$0$0
JOHN MITCHELL MDDIRECTOR
Trustee or director
1$0$0
JOHN WALTERS MDDIRECTOR
Trustee or director
1$0$0
JOSEPH SANFRANCESCO MDDIRECTOR
Trustee or director
1$0$0
KAREN WRIGHTEN Dr EduDIRECTOR
Trustee or director
1$0$0
SCOTT WOODFIELD MDDIRECTOR
Trustee or director
1$0$0
SUSAN DATTA MDDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
69 BARRE ST STE B, CHARLESTON, SC 29401-1142
In care of
% JOHN HOLLOWAY
Principal officer (990 for 2024)
CHARLES RIVERS, 69B BARRE ST, CHARLESTON, SC 29401
Signed the 990
Charles Rivers, CHIEF EXECUTIVE OFFICER
Phone
(843) 789-1798
Return prepared by
Forvis Mazars LLP

Mission

See Schedule O.

990 for the year ended December 31, 2024

Program accomplishments

  • - INCOME IS DESIGNATED FOR THE CONTINUING SUPPORT OF THE ROPER ST. FRANCES HEALTHCARE MISSION IN THE COMMUNITY. - THE MEDICAL SOCIETY OF SC PARTICIPATES IN GRANT MAKING PROGRAMS IN THE COMMUNITY WHICH PROVIDE FUNDING TO BE USED TOWARDS EDUCATION IN THE MEDICAL FIELD. - IN ADDITION, THE MEDICAL SOCIETY PROVIDES FUNDING FOR UPGRADES AND IMPROVEMENTS TO THE HOSPITAL SYSTEM. - LASTLY, THE MEDICAL SOCIETY PROCURES AND CONSTRUCTS PROPERTIES WHICH ARE UTILIZED BY THE HOSPITAL SYSTEM TO FURTHER ITS MISSION TO HEAL ALL PEOPLE WITH COMPASSION, FAITH, AND EXCELLENCE
    Expenses $6,650,133 · grants $451,675 · revenue $5,126,515

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0288358
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$701,647,063
Income (IRS master file)
$17,721,491

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$17,721,491$7,416,734$701,647,063XML
990December 2023$14,792,827$7,519,259$608,270,408IRS
990December 2022$46,820,067$8,216,144$559,470,437IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0288358).

Questions about MEDICAL SOCIETY OF S C

What is the EIN of MEDICAL SOCIETY OF S C?
The employer identification number (EIN) of MEDICAL SOCIETY OF S C is 57-0288358.
Is MEDICAL SOCIETY OF S C tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to MEDICAL SOCIETY OF S C tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MEDICAL SOCIETY OF S C file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MEDICAL SOCIETY OF S C due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEDICAL SOCIETY OF S C last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MEDICAL SOCIETY OF S C?
The 990 for the year ended December 31, 2024 names CHARLES RIVERS.
Who are the officers and directors of MEDICAL SOCIETY OF S C?
The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $512,100 (CHARLES F RIVERS, CHIEF EXECUTIVE OFFICER).
How much revenue does MEDICAL SOCIETY OF S C have?
On its 990 for the year ended December 31, 2024 it reported revenue of $17,721,491, expenses of $7,416,734 and total assets of $701,647,063 at year end.

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