Presbyterian College
Legal name: Presbyterian College Real Estate Foundation
Nonprofit profile at a glance
- EIN
- 571021641
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Clinton, SC, United States
- Phone
- 800.476.7272
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,479,200
- Expenses
- $3,139,195
- Assets
- $50,437,406
- Liabilities
- $53,627,833
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- BRAD SPEARMAN (DIRECTOR)
- STAN REID (DIRECTOR (PART YEAR))
- JOHN INMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Presbyterian College is where you learn how to make a difference… discover how to identify potential and opportunity in every challenge and develop the skills to take action. 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 real estate foundation exists to benefit presbyterian college, which provides a liberal arts education to approximately 850 full-time equivalent undergraduate students and 250 graduate students.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 86
- Accountability: 94
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.2%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.6%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 16.07; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 1.06; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 21% per year; rating input score 100; 85th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 96.2% of spending went to programs
- Governance: 6 of 6 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 2 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.
- High — Sustainability: Operating margin scored 5/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.