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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit South Carolina Student Loan Corp.

South Carolina Student Loan Corp.

Fiscal year ending 2020. Filed on February 15, 2021.

PO Box 102405
Columbia, South Carolina 29224

South Carolina Student Loan Corp. (EIN: 57-0602805) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, South Carolina Student Loan Corp., a 501(c)(3) charitable organization, reported compensation for 8 out of 28 total employees. Among the employees shown here, the average compensation is $226,352. The highest compensated employee at South Carolina Student Loan Corp. is David A Simon III with fiscal year 2020 compensation of $507,005.

Revenue, expenses, and employee compensation

Revenue

$59,459,269

Expenses

$53,444,713

Employee compensation

$4,216,941
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David A Simon III
President and Chief Executive Officer
$507,005
$408,932 No related comp$98,073
Jane Honeycutt
Vice President of Financial Services (Until 8/14/2020)
$288,467
$202,997 No related comp$85,470
Marsha King
Vice President, Operations
$183,862
$115,530 No related comp$68,332
Ralph Jones
Vice President of LOAN Programs
$161,486
$120,403 No related comp$41,083
Mike Fox
Outreach Director
$160,876
$103,679 No related comp$57,197
Jennifer Ridenhour
Secretary
$148,723
$106,014 No related comp$42,709
Sara Fisher
Director of Power:Ed
$134,046
$112,150 No related comp$21,896
Bill Bochette
CFO and COO (Beginning 6/30/2020)
$0

Benchmark Employee Compensation

Non-Employee Board Members

Renee R Brooks
Chair
$30,000
$30,000 No related compNo other comp
Fred L Green III
Treasurer
$30,000
$30,000 No related compNo other comp
Harry R Brown
Director
$26,000
$26,000 No related compNo other comp
Neil E Grayson
Co-Vice Chair
$25,000
$25,000 No related compNo other comp
J Thornton Kirby, Esq
Co-Vice Chair
$19,000
$19,000 No related compNo other comp
Charlie C Sanders Jr
Director
$18,000
$18,000 No related compNo other comp
Jason Caskey, Cpa
Director
$15,000
$15,000 No related compNo other comp
Barbara F Weston
Director
$15,000
$15,000 No related compNo other comp
A Neill Cameron Jr
Director
$15,000
$15,000 No related compNo other comp
Gautam S Ghatnekar, Ph D, Dvm
Director
$14,000
$14,000 No related compNo other comp

Contractors

Nelson Mullins Riley & Scarborough
Legal
$179,545
Elliott Davis
External Auditor
$150,670

Mission Statement

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.

Revisions to this organization profile

November 13, 2024:
2024 South Carolina Student Loan Corp. 990 filed
November 14, 2023:
2023 South Carolina Student Loan Corp. 990 filed
November 11, 2022:
2022 South Carolina Student Loan Corp. 990 filed

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