Presbyterian College

Nonprofit profile at a glance

EIN
570314408
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2022
Location
Clinton, SC, USA
Phone
800.476.7272
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$76,670,174
Expenses
$80,300,865
Assets
$171,827,108
Liabilities
$13,762,698

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • ANITA GUSTAFSON (PRESIDENT)

Highest reported compensation

  • ANITA GUSTAFSON (PRESIDENT): $354,463 total reported compensation
  • STEVE ENGLEHART (HEAD FOOTBALL COACH): $187,134 total reported compensation
  • KAYCE SHEALY ASSOC DEAN FOR (ACADEMIC AFFAIRS-PHARMACY SCH): $187,032 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Presbyterian College delivers a transformative, church-related education that empowers students to develop mental, moral, and spiritual capacities for lifelong fulfillment and impactful service to society and the world community. Being the first in your family to pursue a college degree isn’t just a personal milestone—it’s a powerful declaration of courage, determination, and vision. As a first-generation student, you’re a trailblazer who brings unique perspectives, exceptional resilience, and innovative problem-solving skills to our campus community. Your journey represents not only your own aspirations but often the dreams of generations before you. The Presby F1rst+ program provides a campus network of support and opportunities exclusively for first-generation college students, or as we like to say, Presby F1rst+!

What it reported doing in 2024

Presbyterian college is a private, residential, four-year liberal arts college. With small classes and faculty who want the best for students, our supportive community provides more than an exceptional liberal arts education. Presbyterian college empowers students to be servant leaders in their communities through challenging academics and a culture of honor and ethics. Presbyterian college has a graduate school of health sciences which includes school of pharmacy, physician assistant program, and an occupational therapy doctoral program. Each professional program is designed to improve the health of south carolinians and society in general by developing students with an unwavering ethical foundation who will positively (continued on schedule o)

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 60% for direct work, and 40% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $4.98 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.7%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 2.14; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.4% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 9th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 98.8% of revenue deployed · 90.3% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $72.5M in reported program spending
  • Leadership: top reported pay $354K · 41 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.1M reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.