THE SALEM ACADEMY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE SALEM ACADEMY (EIN 93-0425880)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-10-20
IRS object ID
202142939349301664
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-20T15:12:02-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN930623286PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALDRICH CPAS AND ADVISORS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1680 HAWTHORNE AVE SE 140AddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN930425880EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SALEM ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSALEBusinessNameControlTxt
Phone5033781219PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1942 LANCASTER DRIVEAddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNATE COOKEPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone5033781219PhoneNum
Signature2021-10-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNATEPersonFirstNm
Person LastCOOKEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEBRA D SMITHPreparerPersonNm
PTINP00646873PTIN
Phone5035857774PhoneNum
Preparation2021-10-07PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNATE COOKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1942 LANCASTER DRIVEAddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,159,227GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SALEMACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1945FormationYr
Legal Domicile StateORLegalDomicileStateCd
Activity Or MissionTO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE TO STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee144TotalEmployeeCnt
Total Volunteers350TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$462,629PYContributionsGrantsAmt
CY Contributions Grants$1,284,544CYContributionsGrantsAmt
PY Program Service Revenue$5,070,138PYProgramServiceRevenueAmt
CY Program Service Revenue$4,763,129CYProgramServiceRevenueAmt
PY Investment Income$15,237PYInvestmentIncomeAmt
CY Investment Income$16,115CYInvestmentIncomeAmt
PY Other Revenue$116,538PYOtherRevenueAmt
CY Other Revenue$84,180CYOtherRevenueAmt
PY Total Revenue$5,664,542PYTotalRevenueAmt
CY Total Revenue$6,147,968CYTotalRevenueAmt
PY Grants And Similar Paid$840,469PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$801,371CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,631,701PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,521,078CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$60,187CYTotalFundraisingExpenseAmt
PY Other Expenses$1,248,974PYOtherExpensesAmt
CY Other Expenses$961,462CYOtherExpensesAmt
PY Total Expenses$5,721,144PYTotalExpensesAmt
CY Total Expenses$4,283,911CYTotalExpensesAmt
PY Revenues Less Expenses-$56,602PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,864,057CYRevenuesLessExpensesAmt
Total Assets BOY$5,707,404TotalAssetsBOYAmt
Total Assets EOY$7,222,683TotalAssetsEOYAmt
Total Liabilities BOY$1,689,992TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,092,314TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,017,412NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,130,369NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,856,387ExpenseAmt
Grant$801,371GrantAmt
Revenue$4,763,129RevenueAmt
DescAS A CHRISTIAN SCHOOL, SALEM ACADEMY HAS A SPECIFIC PHILOSOPHY WHICH IS ROOTED IN ITS ARTICLES OF FAITH, FOUNDED ON THE VIEW THAT THE HOLY BIBLE IS THE ONLY WORD OF GOD. SALEM ACADEMY HAS BEEN EQUIPPING STUDENTS TO KNOW AND SERVE GOD THROUGH AN EXCELLENT EDUCATION FROM A BIBLICAL PERSPECTIVE FOR OVER 75 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12. THE ACADEMY PROVIDED COMPREHENSIVE PRIMARY AND SECONDARY EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 639 STUDENTS DURING 2020-21 SCHOOL YEAR.Desc
Total Program Service Expenses$3,856,387TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document16IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee144EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SALEM ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5033781219PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1942 LANCASTER DRIVEAddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NATE COOKE
BOARD CHAIR10.00Yes (X)Yes (X)$0$0$0
ANGELA WILLIAMS
VICE CHAIR10.00Yes (X)Yes (X)$0$0$0
LORI MUSCUTT
TREASURER10.00Yes (X)Yes (X)$0$0$0
KEVIN CAMPBELL
SECRETARY10.00Yes (X)Yes (X)$0$0$0
MELISSA BRADLEY
TRUSTEE5.00Yes (X)$0$0$0
RANDY LEARNER
TRUSTEE5.00Yes (X)$0$0$0
SHAUNEEN SCOTT
TRUSTEE5.00Yes (X)$0$0$0
AARON IMIG
TRUSTEE5.00Yes (X)$0$0$0
JOHN TYLER
SUPERINTENDENT40.00Yes (X)$103,020$0$7,164
JEFF KLINE
DIRECTOR OF FINANCE40.00Yes (X)$70,815$0$7,164
FieldValueIRS element (for citing)
Total Reportable Comp From Org$173,835TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$14,328TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$45,000FundraisingAmt
Government Grants$789,049GovernmentGrantsAmt
All Other Contributions$450,495AllOtherContributionsAmt
Noncash Contributions$5,123NoncashContributionsAmt
Total Contributions$1,284,544TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611710$4,320,322$4,320,322
PRESCHOOL TUITION611710$178,657$178,657
CHILDCARE FEES611710$142,300$142,300
OTHER PROGRAM SERVICES611710$85,732$85,732
ATHLETICS REVENUE611710$36,118$36,118
FieldValueIRS element (for citing)
Total Program Service Revenue$4,763,129TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,115TotalRevenueColumnAmt
Exclusion$16,115ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$34,116RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$34,116RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$34,116TotalRevenueColumnAmt
Exclusion$34,116ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$58,660FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$45,000ContriRptFundraisingEventAmt
Fundraising Direct Expenses$11,259FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$47,401TotalRevenueColumnAmt
Exclusion$47,401ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,663GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,663TotalRevenueColumnAmt
Exclusion$2,663ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,147,968TotalRevenueColumnAmt
Related Or Exempt Func Income$4,763,129RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$100,295ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$801,371TotalAmt
Program Services$801,371ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$218,944TotalAmt
Program Services$44,470ProgramServicesAmt
Management And General$164,859ManagementAndGeneralAmt
Fundraising$9,615FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,783,690TotalAmt
Program Services$1,633,444ProgramServicesAmt
Management And General$114,249ManagementAndGeneralAmt
Fundraising$35,997FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$396,711TotalAmt
Program Services$384,235ProgramServicesAmt
Management And General$11,162ManagementAndGeneralAmt
Fundraising$1,314FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$121,733TotalAmt
Program Services$115,593ProgramServicesAmt
Management And General$4,918ManagementAndGeneralAmt
Fundraising$1,222FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,288TotalAmt
Management And General$1,288ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,000TotalAmt
Management And General$22,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,694TotalAmt
Management And General$4,694ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$69,921TotalAmt
Program Services$68,659ProgramServicesAmt
Management And General$1,176ManagementAndGeneralAmt
Fundraising$86FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,831TotalAmt
Program Services$7,518ProgramServicesAmt
Management And General$284ManagementAndGeneralAmt
Fundraising$10,029FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,167TotalAmt
Program Services$12,276ProgramServicesAmt
Management And General$3,511ManagementAndGeneralAmt
Fundraising$380FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$105,965TotalAmt
Program Services$97,513ProgramServicesAmt
Management And General$8,161ManagementAndGeneralAmt
Fundraising$291FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,749TotalAmt
Management And General$4,749ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$212,538TotalAmt
Program Services$208,679ProgramServicesAmt
Management And General$3,507ManagementAndGeneralAmt
Fundraising$352FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$43,793TotalAmt
Program Services$42,997ProgramServicesAmt
Management And General$723ManagementAndGeneralAmt
Fundraising$73FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REPAIRS & MAINTENANCE$161,900$159,251$2,165$484
SUPPLIES$141,850$139,154$2,414$282
EDUCATION FEES$111,240$111,240$0$0
DUES & MEMBERSHIP$24,529$24,296$171$62

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,997TotalAmt
Program Services$5,691ProgramServicesAmt
Management And General$17,306ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,283,911TotalAmt
Program Services$3,856,387ProgramServicesAmt
Management And General$367,337ManagementAndGeneralAmt
Fundraising$60,187FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$377,963BOYAmt
EOY$1,090,916EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,499,987BOYAmt
EOY$1,446,909EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$13,420BOYAmt
EOY$102,354EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$48,866BOYAmt
EOY$699,972EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$21,200BOYAmt
EOY$19,058EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$691BOYAmt
EOY$968EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,809,574LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,463,605LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,357,875BOYAmt
EOY$3,345,969EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$387,402BOYAmt
EOY$516,537EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,707,404BOYAmt
EOY$7,222,683EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$562,205BOYAmt
EOY$574,782EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$301,406BOYAmt
EOY$461,312EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$42,081BOYAmt
EOY$56,220EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$784,300BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,689,992BOYAmt
EOY$1,092,314EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,895,182BOYAmt
EOY$5,893,556EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$122,230BOYAmt
EOY$236,813EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,017,412BOYAmt
EOY$6,130,369EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,707,404BOYAmt
EOY$7,222,683EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,864,057ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$163,489NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$85,411DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Beginning Balance$42,081BeginningBalanceAmt
Additions During Year$14,139AdditionsDuringYearAmt
Ending Balance$56,220EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$537,964OtherCostOrOtherBasisAmt
Book Value$537,964BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,312,782OtherCostOrOtherBasisAmt
Depreciation$2,859,982DepreciationAmt
Book Value$2,452,800BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,958,828OtherCostOrOtherBasisAmt
Depreciation$2,603,623DepreciationAmt
Book Value$355,205BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,345,969TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,630,657TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$163,489NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$130,014DonatedServicesAndUseFcltsAmt
Revenue Not Reported$293,503RevenueNotReportedAmt
Revenue Subtotal$5,337,154RevenueSubtotalAmt
Investment Expenses Not Incld$4,694InvestmentExpensesNotIncldAmt
Other Revenues Not Included$806,120OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$810,814RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,147,968TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,517,700TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$44,603DonatedServicesUseFcltsAmt
Expenses Not Reported$44,603ExpensesNotReportedAmt
Expenses Subtotal$3,473,097ExpensesSubtotalAmt
Investment Expenses Not Incld2$4,694InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$806,120OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$810,814ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,283,911TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:THE SCHOOL HOLDS FUNDS FOR VARIOUS ASSOCIATED STUDENT BODIES (ASB). DEPOSITS AND THE RETURN OF FUNDS ARE MADE AT THE ASB'S REQUEST THROUGHOUT THE YEAR.
PART X, LINE 2:THE ACADEMY FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
PART XI, LINE 4B - OTHER ADJUSTMENTS:TUITION DISCOUNTS 801,371. INTEREST EXPENSE INCLUDED IN INCOME 4,749.
PART XII, LINE 4B - OTHER ADJUSTMENTS:TUITION DISCOUNTS 801,371. INTEREST EXPENSE INCLUDED IN INCOME 4,749.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE RACIALLY NONDISCRIMINATORY POLICY IS LOCATED UNDER THE ADMISSIONS PAGE ON THE WEBSITE.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1AUCTIONEvent1Nm
Gross Receipts Event1$103,660GrossReceiptsEvent1Amt
Charitable Contri Event1$45,000CharitableContriEvent1Amt
Gross Revenue Event1$58,660GrossRevenueEvent1Amt
Non Cash Prizes Event1$7,236NonCashPrizesEvent1Amt
Other Direct Expenses Event1$4,023OtherDirectExpensesEvent1Amt
Gross Receipts Total$103,660GrossReceiptsTotalAmt
Charitable Contributions Tot$45,000CharitableContributionsTotAmt
Gross Revenue Total Events$58,660GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$7,236NonCashPrizesTotalEventsAmt
Oth Direct Expnss Total Events$4,023OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$11,259DirectExpenseSummaryEventsAmt
Net Income Summary$47,401NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FACULTY AND STAFF DISCOUNTS AND SCHOLARSHIPS68$445,341
PASTORAL TUITION DISCOUNTS AND SCHOLARSHIPS2$5,037
NEED BASED TUITION DISCOUNTS AND SCHOLARSHIPS99$237,413
OTHER DISCOUNTS, MULTIPLE STUDENT AND FULL PAY282$113,580

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2FormAndLineReferenceDesc
ExplanationTHE SALEM ACADEMY FINANCIAL AID FUND HAS BEEN ESTABLISHED FOR FAMILIES WHO SEEK TO HAVE THEIR CHILDREN AT SALEM ACADEMY, BUT REQUIRE FINANCIAL ASSISTANCE TO MAKE THAT POSSIBLE. REQUESTS FOR SCHOLARSHIP ARE TO BE MADE ANNUALLY. THE FINANCIAL AID APPLICATION IS SUBMITTED THROUGH FACTS GRANT AND AID. THEY REVIEW AND VERIFY THE INFORMATION SUBMITTED PRIOR TO THE APPLICATION BEING PRESENTED TO THE SALEM ACADEMY FINANCIAL AID COMMITTEE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD AND/OR TREASURER REVIEW THE FORM 990 ALONG WITH THE AUDITED FINANCIAL STATEMENTS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CIN THE EVENT THAT ANY TRUSTEES (I.E. BOARD MEMBERS) ARE CONNECTED WITH OTHER CORPORATIONS WITH WHICH THIS CORPORATION MAY HAVE BUSINESS DEALINGS, NO CONTRACTS OR OTHER CORPORATION SHALL BE AFFECTED BY THE FACT THAT THE TRUSTEES OF THIS CORPORATION ARE INTERESTED IN OR ARE DIRECTORS OR OFFICERS OF SUCH OTHER CORPORATIONS. ANY TRUSTEE INDIVIDUALLY MAY BE A PARTY TO, OR INTERESTED IN, ANY CONTRACT OR TRANSACTION WITH THIS CORPORATION PROVIDED (1) THE "INTEREST" OF THE TRUSTEE IS DISCLOSED TO THE BOARD (2) THE INTERESTED TRUSTEE MAY NOT VOTE IN FAVOR OF THE TRANSACTION ALTHOUGH HIS/HER PRESENCE MAY BE COUNTED TOWARD A QUORUM (3) THE BOARD OR THE EXECUTIVE COMMITTEE APPROVES THE TRANSACTION AT AN ANNUAL, A REGULAR, OR A SPECIAL MEETING.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION HAS ESTABLISHED COMPENSATION PRACTICES FOR KEY EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1SALEM ACADEMY FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1942 LANCASTER DRIVE NEAddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd
FieldValueIRS element (for citing)
EIN237052987EIN
Primary ActivitiesSOLICITS, MANAGES, DISTRIBUTES FUNDS SOLELY TO SALEM ACADEMYPrimaryActivitiesTxt
Legal Domicile StateORLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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