2016-11-09T10:46:48-06:00 2016-06-30 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2015-07-01 930425880 SALEM ACADEMY SALE 5033781219 942 LANCASTER DRIVE SALEM OR 97301 LORI MUSCUTT BOARD CHAIR 5033781219 2016-10-25 1 ELSA A ROMERO P00485021 5035857774 2016-10-25 2015 2017-02-10 21:41:12Z LORI MUSCUTT 942 LANCASTER DRIVE SALEM OR 97301 6361756 0 X WWW.SALEMACADEMY.ORG X 1945 OR PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE TO STUDENTS. 8 8 190 400 0 0 439423 673524 5225873 5599640 60329 -21382 77384 36581 5803009 6288363 786708 970221 0 0 3225331 3376138 0 0 101642 1702013 1703035 5714052 6049394 88957 238969 5841016 5719820 1717533 1430436 4123483 4289384 TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD. 0 0 5496513 970221 5599640 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 730 STUDENTS DURING 2015. 5496513 1 1 0 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 1 24 0 1 190 1 0 0 0 0 0 0 0 0 0 0 X 8 8 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 DENNIS CURTIS SECRETARY 10.00 X X 0 0 0 FRITZ JENKINS TREASURER 10.00 X X 0 0 0 MATTHEW BOLES TRUSTEE 5.00 X 0 0 0 KELLEY HAMILTON TRUSTEE 5.00 X 0 0 0 NATE COOK TRUSTEE 10.00 X 0 0 0 LEANNE PAXTON TRUSTEE 5.00 X 0 0 0 JEFFREY WILLIAMSON SUPERINTENDENT 40.00 X 85729 0 6031 JEFF KLINE DIRECTOR OF FINANCE 40.00 X 64406 0 6031 150135 0 12062 0 0 0 0 0 65069 92891 515564 6990 673524 TUITION AND FEES 611710 5002497 5002497 CHILDCARE FEES 611710 278449 278449 PRESCHOOL TUITION 611710 152903 152903 OTHER PROGRAM SERVICES 611710 107772 107772 ATHLETICS REVENUE 611710 58019 58019 5599640 15463 15463 57405 0 57405 57405 57405 9858 10282 36421 -424 -36421 -36845 -36845 0 65069 26690 -26690 -26690 5866 0 5866 5866 6288363 5599640 0 15199 970221 970221 162198 34572 93054 34572 2701355 2534322 167033 266430 242084 21634 2712 246155 223662 19988 2505 9555 9555 19500 19500 2862 2862 27789 27789 30317 30317 15703 5409 9258 1036 27550 24327 2645 578 201844 177886 20541 3417 17192 16780 412 31315 31315 335013 311562 16751 6700 34400 30375 3302 723 DESIGNATED ATHLETICS AN 378439 366705 11734 0 PROGRAM SUPPLIES 247314 247314 0 0 HOME STAY FEES 233583 233583 0 0 MISCELLANEOUS 34308 16356 17927 25 56351 30040 7254 19057 6049394 5496513 451239 101642 447556 652589 505445 512912 20000 48651 153239 99158 18675 21591 770 1300 8082200 4069020 4253947 4013180 386763 315763 54621 54676 5841016 5719820 480718 528711 376249 555650 25756 28081 834810 317994 1717533 1430436 X 4068989 4179341 54494 110043 4123483 4289384 5841016 5719820 238969 -73068 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 25756 2325 28081 1 X 537964 537964 4815501 2386143 2429358 2728735 1682877 1045858 4013180 X 5360392 -73068 91490 26690 45112 5315280 2862 970221 973083 6288363 5194491 91490 26690 118180 5076311 2862 970221 973083 6049394 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, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 26,690. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 970,221. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 26,690. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 970,221. 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 65069 65069 4534 5016 17140 65069 65069 4534 5016 17140 26690 -26690 1 FACULTY AND STAFF TUITION DISCOUNTS 97 543205 0 PASTORAL TUITION DISCOUNTS 8 19616 0 NEED BASED TUITION DISCOUNTS 185 407400 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. FORM 990, PART VI, SECTION B, LINE 11 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 MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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 0 0