Sherman College Of Straight Chiropractic Inc

Organization Overview

Sherman College Of Straight Chiropractic Inc is located in Spartanburg, SC. The organization was established in 1973. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2021, Sherman College Of Straight Chiropractic Inc employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherman College Of Straight Chiropractic Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Sherman College Of Straight Chiropractic Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SHERMAN COLLEGE OF CHIROPRACTIC IS TO EDUCATE AND PREPARE STUDENTS TO BECOME DOCTORS OF CHIROPRACTIC FOCUSED ON THE ANALYSIS AND ADJUSTMENT OF VERTEBRAL SUBLUXATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SERVICES WERE PROVIDED TO APPROXIMATELY 516 FULL-TIME CHIROPRACTIC STUDENTS. EDUCATION SCHOLARSHIPS WERE AWARDED TO 419 STUDENTS. VISITS TO THE HEALTH CENTER TOTALED 27,912.


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Board, Officers & Key Employees

Name (title)Compensation
Edwin Cordero Dc
President
$404,004
Karen Canup MBA CPA
Coo/cfo
$252,929
Neil Cohen Dc
SVP For Presidential Affairs
$232,570
Robert Irwin Dc
Provost
$210,926
Joe Donofrio Dc
VP Academic Affairs
$142,323
Claudia Seay Dc
Director Of Student Clinic, Professor
$110,871

Outside Vendors & Contractors

Vendor Name (Service)Compensation
National Management Resources
Facilities Management
$432,013
Data Network Solutions Inc
Technology
$105,081
American Security Of Greenville
Security
$103,560
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $584,600
All other contributions, gifts, grants, and similar amounts not included above$860,869
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,445,469
Total Program Service Revenue$14,507,570
Investment income $430,124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $565,454
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,948,617

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Sherman College Of Straight Chiropractic Inc has recieved totaling $25,313.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$25,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$313
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,592,947
Earnings$234,258
Net Contributions$35,453
Other Expense$219,836
Ending Balance$1,642,822

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