2017-11-14T16:07:51-06:00 2017-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2016-07-01 930425880 SALEM ACADEMY SALE 5033781219 942 LANCASTER DRIVE SALEM OR 97301 MATTHEW BOLES BOARD CHAIR 5033781219 2017-11-06 1 ELSA A ROMERO P00485021 5035857774 2017-11-06 69.30.50.66 2017-11-06 13:30:08 PS P 6C4DB612DA573DA1542E6DFD94D10A6EE432409B FCED1E372263EBF28568A508BD4564509D8F704E 2016 2017-02-10 21:41:12Z MATTHEW BOLES 942 LANCASTER DRIVE SALEM OR 97301 6144271 0 X WWW.SALEMACADEMY.ORG X 1945 OR PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE TO STUDENTS. 6 6 183 500 600 0 673524 566557 5599640 5397269 -21382 19235 36581 102431 6288363 6085492 970221 966377 0 0 3376138 3427559 0 0 160749 1703035 1621945 6049394 6015881 238969 69611 5719820 5342004 1430436 961086 4289384 4380918 TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD. 0 0 5379230 966377 5397269 AS 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 703 STUDENTS DURING 2016-17 SCHOOL YEAR. 5379230 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 22 0 1 183 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 1 1 0 OR X SALEM ACADEMY 5033781219 942 LANCASTER DRIVE SALEM OR 97301 LORI MUSCUTT BOARD CHAIR 10.00 X X 0 0 0 KEVIN CAMPBELL VICE CHAIR 5.00 X X 0 0 0 FRITZ JENKINS TREASURER 10.00 X X 0 0 0 MATTHEW BOLES TRUSTEE 5.00 X 0 0 0 KIRK LARSEN TRUSTEE 5.00 X 0 0 0 NATE COOK TRUSTEE 10.00 X 0 0 0 JEFFREY WILLIAMSON SUPERINTENDENT 40.00 X 86068 0 6241 JEFF KLINE DIRECTOR OF FINANCE 40.00 X 66057 0 6241 152125 0 12482 0 0 0 0 0 35350 35000 496207 47331 566557 TUITION AND FEES 611710 4846836 4846836 CHILDCARE FEES 611710 237866 237866 PRESCHOOL TUITION 611710 161746 161746 OTHER PROGRAM SERVICES 611710 100677 100677 ATHLETICS REVENUE 611710 50144 50144 5397269 12678 12678 56999 600 0 0 56999 600 57599 600 56999 46216 39659 6557 6557 6557 53665 35350 19120 34545 34545 10287 0 10287 10287 6085492 5397269 600 121066 966377 966377 152125 32426 87273 32426 2751646 2524804 207754 19088 310445 270924 39521 213343 188371 21006 3966 9115 9115 20600 20600 2889 2889 143192 132815 6386 3991 26428 26428 32567 22971 8644 952 19517 14089 4089 1339 219118 205348 13102 668 18103 17454 649 6856 5965 549 342 342544 298013 27404 17127 39754 34586 3180 1988 DESIGNATED ATHLETICS AN 314110 307321 0 6789 PROGRAM SUPPLIES 183466 183466 0 0 HOME STAY FEES 151247 151247 0 0 FUNDRAISING EXPENSES 45167 0 0 45167 47272 23053 23741 478 6015881 5379230 475902 160749 652589 514178 512912 526397 48651 12468 99158 73290 21591 30922 1300 240 8201153 4411564 4013180 3789589 315763 340189 54676 54731 5719820 5342004 528711 500591 555650 434336 28081 26159 317994 0 1430436 961086 X 4179341 4280143 110043 100775 4289384 4380918 5719820 5342004 X 69611 22007 -36183 36099 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 28081 1922 26159 1 X 537964 537964 4869810 2478979 2390831 2793379 1932585 860794 3789589 X 5158964 22007 1611 19120 42738 5116226 2889 966377 969266 6085492 5067430 37794 -16979 20815 5046615 2889 966377 969266 6015881 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, 2017 AND 2016, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 19,120. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 966,377. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 19,120. BAD DEBT COLLECTIONS -36,099. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 966,377. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS LOCATED UNDER THE ADMISSIONS PAGE ON THE WEBSITE. AUCTION 89015 35350 53665 1610 4250 13260 89015 35350 53665 1610 4250 13260 19120 34545 1 FACULTY AND STAFF TUITION DISCOUNTS 102 591433 0 PASTORAL TUITION DISCOUNTS 6 16932 0 NEED BASED TUITION DISCOUNTS 161 358012 0 PART I, LINE 2 THE 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. X AUCTION 128 26306 FMV X ATHLETICS/EQUIPMENT 9 9144 FMV X GENERAL/MISCELLANEOUS 10 8111 FMV X TEACHER GIFTS 6 2268 FMV X SCHOOL PROGRAM 5 1503 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD AND/OR TREASURER REVIEW THE FORM 990 ALONG WITH THE AUDITED FINANCIAL STATEMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ESTABLISHED COMPENSATION PRACTICES FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT COLLECTIONS 36,099. SALEM ACADEMY FOUNDATION 942 LANCASTER DRIVE NE SALEM OR 97301 237052987 SOLICITS, MANAGES, DISTRIBUTES FUNDS SOLELY TO SALEM ACADEMY OR 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0