2013-05-08T18:15:14-05:00 2012-06-30 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2011-07-01 930425880 SALEM ACADEMY SALE 5033781219 942 LANCASTER DRIVE NE SALEM OR 97301 LORI MUSCUTT 5033781219 2013-05-08 1 JOYLYN M ANKENEY CPA P00366587 5035857774 2011 2016-02-25 16:41:14Z KEN FRIESEN 942 LANCASTER DRIVE NE SALEM OR 97301 5443876 0 X WWW.SALEMACADEMY.ORG X 1945 OR TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD. 7 7 165 300 0 0 901448 1105254 3534853 3645230 26700 69949 74303 150107 4537304 4970540 0 0 0 0 3214263 3295528 0 0 94242 1531578 1651298 4745841 4946826 -208537 23714 6470436 6624714 3653615 3735698 2816821 2889016 TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD. 0 0 4144117 3767531 CHRISTIAN EDUCATION FROM PRESCHOOL TO GRADE 12 4144117 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 4 0 1 165 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 OR X X X THE ORGANIZATION 5033781219 942 LANCASTER DRIVE NE SALEM OR 97301 PAUL BONAR 5.00 X 0 0 0 TODD PYNCH 5.00 X 0 0 0 TERESA BLUBAUGH 5.00 X 0 0 0 TROY LANGE 5.00 X 0 0 0 DUANE DITCHEN 5.00 X 0 0 0 LORI MUSCUTT 5.00 X 0 0 0 DEREK IMIG 5.00 X 0 0 0 MARK REMPLE 5.00 X 0 0 0 KEN FRIESEN 40.00 X 111476 0 0 111476 0 0 1 0 0 0 0 1105254 99613 1105254 TUITION AND FEES 611710 3645230 3645230 3645230 38740 38740 27806 0 27806 27806 27806 504545 473336 31209 31209 31209 MISCELLANEOUS REVENUE 611710 68413 68413 ATHLETICS REVENUE 611710 53888 53888 122301 4970540 3767531 0 97755 111476 100028 11448 2424605 2092751 271590 60264 506303 424965 75524 5814 253144 208236 39364 5544 5190 5190 48644 48644 3416 157 3259 44809 30880 13616 313 133373 133373 1887 1887 157447 144847 12600 356839 320763 36076 25577 23017 2560 DESIGNATED ATHLETICS AN 372594 372594 REPAIRS AND MAINTENANCE 122603 110097 12506 RESTRICTED EXPENSES 108719 108719 BAD DEBT EXPENSE 70241 70241 199959 103477 88882 7600 4946826 4144117 708467 94242 420444 610109 0 122593 159037 130990 0 11231 0 485 8272058 3398270 4778098 4873788 808159 821120 250000 54698 54398 6470436 6624714 374166 412763 205945 352680 56859 65490 3016425 2904765 220 3653615 3735698 X 2389282 2642173 427539 246843 2816821 2889016 6470436 6624714 X 23714 48481 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 56860 130087 121457 65490 1 537964 537964 4652297 1965559 2686738 3081797 1432711 1649086 4873788 4970540 4946826 23714 48481 48481 72195 4979237 48481 9470 57951 4921286 49254 49254 4970540 4907043 9470 -49253 -39783 4946826 0 4946826 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 THROUGH OUT THE YEAR. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS INCOME RECORDED AS EXPENSES 49,254. PART XIII, LINE 2D - OTHER ADJUSTMENTS: MISCELLANEOUS INCOME RECORDED AS EXPENSES -49,253. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 FACULTY AND STAFF TUITION DISCOUNTS 45 281661 PASTORIAL TUITION DISCOUNTS 9 39077 NEED BASED TUITION DISCOUNTS 155 262162 SCHEDULE I, PART I, LINE 2: NO PAYMENTS ARE MADE TO ORGANIZATIONS OR INDIVIDUALS. ONLY DISCOUNTS OF TUITION ARE MADE TO EMPLOYEES OF THE SCHOOL, OR STUDENTS BASED ON NEED. AN APPLICATION PROCESS IS FOLLOWED USING AN INDEPENDENT FIRM THAT MAKES RECOMMENDATIONS TO THE SCHOLARSHIP COMMITTEE. THE COMMITTEE HAS FINAL DISCRETION. OVER HALF OF THESE DISCOUNTS ARE FUNDED BY PUBLIC SUPPORT. X EQUIPMENT 2 70000 COMPARABLE SELLING PRICE X LAND IMPROVEMENTS 3 17500 MARKET COST 0 0 0 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 C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 48,481. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SALEM ACADEMY FOUNDATION 942 LANCASTER DRIVE NE SALEM OR 97301 237052987 SOLICITS, MANAGES, DISTRIBUTES FUNDS SOLELY TO SCHOOL OR 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0