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South Carolina Student Loan Corp
South Carolina Student Loan Corp reported $58.4 million in revenue and $41.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.30 went to program services, $3.70 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.2% of the total. The highest compensation it reported for one person was $547,629 (PRESIDENT & CEO, SECRETARY). 10 people received more than $100,000 in reportable compensation. Revenue fell 2% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $42MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $58MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.3% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.7% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 78.2% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $547,629 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.31% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 10 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 185.1 | 10.5 |
| Independent voting board members Part VI 1a–1b | 10 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO, SECRETARY Director/trustee, officer, 35.00 hrs/week | $486,808 | $0 | $60,821 | $547,629 |
| CFO & COO Officer, 40.00 hrs/week | $402,825 | $0 | $56,770 | $459,595 |
| VICE PRESIDENT OF FINANCE Key employee, 35.00 hrs/week | $190,791 | $0 | $39,314 | $230,105 |
| VP OF LOAN PROGRAMS Key employee, 35.00 hrs/week | $190,833 | $0 | $19,594 | $210,427 |
| DIRECTOR OF BUSINESS INTEL Highest compensated employee, 35.00 hrs/week | $144,551 | $0 | $33,399 | $177,950 |
| VICE PRESIDENT OF HUMAN RE Key employee, 35.00 hrs/week | $159,086 | $0 | $16,532 | $175,618 |
| EXECUTIVE DIRECTOR OF POWE Highest compensated employee, 40.00 hrs/week | $153,375 | $0 | $16,112 | $169,487 |
| DIRECTOR OF RISK MANAGEMEN Highest compensated employee, 35.00 hrs/week | $132,747 | $0 | $13,577 | $146,324 |
10 people received more than $100,000 in reportable compensation from South Carolina Student Loan Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 543
Correct a figure or respond
Every number above is copied from South Carolina Student Loan Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for South Carolina Student Loan Corp, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 South Carolina Student Loan Corp spent in FY2025, $96.30 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of South Carolina Student Loan Corp's spending goes to programs?
In the fiscal year ending June 30, 2025, South Carolina Student Loan Corp reported that 96.3% of its $41.9 million in expenses went to program services, 3.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does South Carolina Student Loan Corp pay its top executive?
The largest total compensation South Carolina Student Loan Corp reported for one person in the fiscal year ending June 30, 2025 was $547,629, for the role of PRESIDENT & CEO, SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does South Carolina Student Loan Corp get its money?
Of $58.4 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 78.2% from program service revenue (Form 990, Part VIII).
Is South Carolina Student Loan Corp a registered charity?
The IRS lists EIN 57-0602805 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621329349303892 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413189349300736 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333189349316208 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203159349301740 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210429349301341 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140469349301729 · read the filing
All filings for EIN 57-0602805: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.