Nonprofit · EIN 57-0602805
SOUTH CAROLINA STUDENT LOAN CORPORATION
Tax-exempt · COLUMBIA, SC 29201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $58,364,992 | $41,883,579 | $16,481,413 | $892,319,887 | $246,122,336 | $646,197,551 |
| June 30, 2024 | 990 | $65,003,840 | $47,614,325 | $17,389,515 | $941,337,493 | $324,422,994 | $616,914,499 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $45,658,555
- Investment income
- $12,706,437
- Net gain from sales of assets
- $2,871,636
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,392,000
- Compensation of officers, directors and key employees
- $1,291,322
- Other salaries and wages
- $2,940,553
- Salaries, compensation and benefits (total)
- $5,230,072
- Professional fundraising fees
- $0
- Depreciation
- $426,523
- Program services (functional)
- $40,334,506
- Management and general (functional)
- $1,549,073
Balance sheet and other
- Total assets, start of year
- $941,337,493
- Total assets, end of year
- $892,319,887
- Total liabilities, end of year
- $246,122,336
- Net assets, end of year
- $646,197,551
- Land, buildings and equipment
- $652,692
- Net assets without donor restrictions
- $483,933,016
- Net assets with donor restrictions
- $162,264,535
- Gross receipts
- $190,549,870
- Employees
- 43
- Volunteers
- 0
- Year formed
- 1973
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID A SIMON III | PRESIDENT & CEO, SECRETARY Trustee or director, Officer | 35 | $486,808 | $60,821 |
| BILL BOCHETTE | CFO & COO Officer | 40 | $402,825 | $56,770 |
| MELANIE BROOKE THOMAS | VICE PRESIDENT OF FINANCE Key employee | 35 | $190,791 | $39,314 |
| RALPH JONES | VP OF LOAN PROGRAMS Key employee | 35 | $190,833 | $19,594 |
| JOSEPH BUZHARDT | DIRECTOR OF BUSINESS INTEL Highest-paid employee | 35 | $144,551 | $33,399 |
| CHRISTINE M WOJCIK | VICE PRESIDENT OF HUMAN RE Key employee | 35 | $159,086 | $16,532 |
| CLAIRE ANN GIBBONS | EXECUTIVE DIRECTOR OF POWE Highest-paid employee | 40 | $153,375 | $16,112 |
| ERICKA GREEN | DIRECTOR OF RISK MANAGEMEN Highest-paid employee | 35 | $132,747 | $13,577 |
| WESTON FAIRCLOTH | IT-OPERATIONS MANAGER Highest-paid employee | 35 | $114,932 | $21,429 |
| DESTRA CAPERS | DIRECTOR OF MARKETING AND OUTREACH Highest-paid employee | 35 | $122,660 | $13,131 |
| JAMES THORNTON KIRBY | CHAIR Trustee or director, Officer | 1 | $30,000 | $0 |
| JASON CASKEY | VICE CHAIR Trustee or director, Officer | 1 | $28,000 | $0 |
| FRED L GREEN III | TREASURER Trustee or director, Officer | 1 | $24,000 | $0 |
| NEIL E GRAYSON | DIRECTOR Trustee or director | 1 | $23,000 | $0 |
| GAUTAM S GHATNEKAR DVM PH D | DIRECTOR Trustee or director | 1 | $21,000 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIE JEFFRIES | DIRECTOR Trustee or director | 1 | $16,000 |
| BARBARA F WESTON | DIRECTOR Trustee or director | 1 | $16,000 |
| A NEILL CAMERON JR | DIRECTOR Trustee or director | 1 | $15,000 |
| CHARLIE C SANDERS JR | DIRECTOR Trustee or director | 1 | $13,000 |
| RENEE R BROOKS | DIRECTOR Trustee or director | 1 | $7,113 |
| OCTAVIA WILLIAMS-BLAKE | DIRECTOR Trustee or director | 1 | $7,000 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID A SIMON III | PRESIDENT & CEO, SECRETARY Trustee or director, Officer | 35 | $486,554 | $49,253 |
| BILL BOCHETTE | CFO & COO Officer | 40 | $405,432 | $63,143 |
| MELANIE BROOKE THOMAS | VICE PRESIDENT OF FINANCE Key employee | 35 | $159,653 | $38,014 |
| RALPH JONES | VP OF LOAN PROGRAMS Key employee | 35 | $177,460 | $16,742 |
| CHRISTINE M WOJCIK | VICE PRESIDENT OF HUMAN RE Key employee | 35 | $170,029 | $18,544 |
| JOSEPH BUZHARDT | DIRECTOR OF BUSINESS INTELLIGENCE Highest-paid employee | 35 | $124,255 | $42,761 |
| CLAIRE ANN GIBBONS | EXECUTIVE DIRECTOR OF POWER:ED Highest-paid employee | 40 | $146,991 | $17,138 |
| MARSHA KING | VP OF OPERATIONS Key employee | 35 | $150,318 | $13,289 |
| ERICKA GREEN | DIRECTOR OF RISK MANAGEMENT Highest-paid employee | 35 | $109,890 | $13,537 |
| WESTON FAIRCLOTH | IT-OPERATIONS MANAGER Highest-paid employee | 35 | $109,094 | $12,529 |
| JAMES THORNTON KIRBY | CHAIR Trustee or director, Officer | 1 | $30,000 | $0 |
| JASON CASKEY | VICE CHAIR Trustee or director, Officer | 1 | $30,000 | $0 |
| FRED L GREEN III | TREASURER Trustee or director, Officer | 1 | $26,000 | $0 |
| NEIL E GRAYSON | DIRECTOR Trustee or director | 1 | $23,751 | $0 |
| GAUTAM S GHATNEKAR DVM PH D | DIRECTOR Trustee or director | 1 | $21,669 | $0 |
| WILLIE JEFFRIES | DIRECTOR Trustee or director | 1 | $15,000 | $0 |
| CHARLIE C SANDERS JR | DIRECTOR Trustee or director | 1 | $15,000 | $0 |
| A NEILL CAMERON JR | DIRECTOR Trustee or director | 1 | $14,000 | $0 |
| BARBARA F WESTON | DIRECTOR Trustee or director | 1 | $13,000 | $0 |
| RENEE R BROOKS | DIRECTOR Trustee or director | 1 | $7,000 | $0 |
| OCTAVIA WILLIAMS-BLAKE | DIRECTOR Trustee or director | 1 | $4,103 | $0 |
Address and contacts
- Address (IRS master file)
- 1901 MAIN ST STE 400, COLUMBIA, SC 29201-2464
- In care of
- % COUNTYBANK TRUST
- Principal officer (990 for 2024)
- DAVID A SIMON III, PO BOX 8509, COLUMBIA, SC 29202
- Signed the 990
- DAVID A SIMON III, PRESIDENT/CEO
- Phone
- (803) 798-0916
- Website
- WWW.SCSTUDENTLOAN.ORG
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
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.
Program accomplishments
- PROVIDE STUDENT LOANS TO ELIGIBLE BORROWERS FOR HIGHER EDUCATION AND SERVICE THE LOANS UNTIL PAID BY THE BORROWERS.Expenses $38,942,506 · revenue $45,658,555
- POWER:ED, AN ARM OF THE CORPORATION ESTABLISHED TO ASSIST IN FULFILLING SOME OF THE CORPORATION'S PHILANTHROPIC INITIATIVES WITHIN ITS MISSION, PROVIDED APPROXIMATELY $1,392,000 IN GRANT AWARDS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.Expenses $1,392,000 · grants $1,392,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0602805
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W600)
- Assets (IRS master file)
- $892,319,887
- Income (IRS master file)
- $190,549,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $58,364,992 | $41,883,579 | $892,319,887 | IRS |
| 990 | June 2024 | $65,003,840 | $47,614,325 | $941,337,493 | XML |
| 990 | June 2023 | $58,099,567 | $47,535,560 | $1,048,763,389 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 57-0602805).
Questions about SOUTH CAROLINA STUDENT LOAN CORPORATION
- What is the EIN of SOUTH CAROLINA STUDENT LOAN CORPORATION?
- The employer identification number (EIN) of SOUTH CAROLINA STUDENT LOAN CORPORATION is 57-0602805.
- Is SOUTH CAROLINA STUDENT LOAN CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to SOUTH CAROLINA STUDENT LOAN CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH CAROLINA STUDENT LOAN CORPORATION 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 SOUTH CAROLINA STUDENT LOAN CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH CAROLINA STUDENT LOAN CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTH CAROLINA STUDENT LOAN CORPORATION?
- The 990 for the year ended June 30, 2025 names DAVID A SIMON III.
- Who are the officers and directors of SOUTH CAROLINA STUDENT LOAN CORPORATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 21 received compensation from the organization, the highest $486,808 (DAVID A SIMON III, PRESIDENT & CEO, SECRETARY).
- How much revenue does SOUTH CAROLINA STUDENT LOAN CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $58,364,992, expenses of $41,883,579 and total assets of $892,319,887 at year end.
Other nonprofits in COLUMBIA
- PALMETTO STATE GROWTH FUND INC EIN 57-0954747 · last filed 990 for 2024
- PSL FOUNDATION EIN 86-3092437 · last filed 990 for 2025
- NATIONAL GUARD ASSOCIATION OF SOUTH CAROLINA EIN 57-6021166 · last filed 990 for 2025
- GANDY GRIFFIN POST 4262 VETERANS OF FOREIGN WARS EIN 57-6026848 · last filed 990 for 2025
- ADJUTANT GENERALS CORPS REGIMENTAL ASSOCIATION EIN 92-1044839 · last filed 990 for 2024
- VETERANS TRUST FUND OF SOUTH CAROLINA EIN 57-1031920 · last filed 990 for 2025
- PALMETTO CENTER FOR POLICYALTERNATIVES INC EIN 20-5985233 · last filed 990-EZ for 2023
- CENTRAL MIDLANDS DEVELOPMENT CORPORATION EIN 58-3186011 · last filed 990 for 2025
All nonprofits in COLUMBIA · South Carolina · Public and societal benefit