2012-05-15T19:17:33-05:00 2011-06-30 JOHNSON GLAZE & CO PC 3085 RIVER ROAD N SALEM OR 97303 990 2010-07-01 930425880 Salem Academy SALE 5033781219 942 Lancaster Drive NE Salem OR 97301 Teresa Blubaugh 5033781219 2012-05-15 1 John La'Gere 5033907880 2010 2016-02-24 21:20:13Z Teresa Blubaugh 942 Lancaster Drive NE Salem OR 97301 4689657 0 X www.salemacademy.org X 1945 OR TO PROVIDE QUALITY CHRISTIAN EDUCATION FOR GRADES PRESCHOOL THROUGH 12. EDUCATION IS SUPPLEMENTED WITH EXTRA-CURRICULAR ACTIVITIES SUCH AS ATHLETICS 9 9 167 300 0 0 365028 932386 2948007 3534853 -23890 26700 89812 74303 3378957 4568242 0 0 0 0 2914817 3214263 0 0 97373 821561 1527928 3736378 4742191 -357421 -173949 6375751 6619821 3281073 3768412 3094678 2851409 To provide an excellent education, from a Christ-centered, biblical perspective, so that our students might know and serve God. 0 0 3889498 3635856 CHRISTIAN EDUCATION FOR PRESCHOOL TO GRADE 12 3889498 1 1 0 0 0 0 0 0 0 1 0 0 0 1 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 6 0 1 167 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 OR X X SALEM ACADEMY 5033781219 942 LANCASTER DRIVE SALEM OR 97301 Paul Bonar 5.00 X 0 0 0 Derek Imig 5.00 X 0 0 0 Lynette Thompson 5.00 X 0 0 0 Duane Ditchen 5.00 X 0 0 0 Teresa Blubaugh 5.00 X 0 0 0 Todd Pynch 5.00 X 0 0 0 Troy Lange 5.00 X 0 0 0 Lori Muscutt 5.00 X 0 0 0 Mark Rempel 5.00 X 0 0 0 Ken Friesen 40.00 X 94467 0 15530 J Steve Outslay 40.00 X 73077 0 32895 0 0 0 2 0 0 0 CD Redding Construction Inc 2837 22nd St SE 155 Salem OR 97302 Construction 148907 1 76 932310 274771 932386 Tuition & Fees 611710 3534853 3534853 3534853 45069 45069 26876 26876 26876 26876 103046 118069 3346 -15023 -3346 -18369 -18369 0 76 0 0 Athletics Revenues 611710 45802 45802 Misc. Income 611710 1335 1335 Text & Year Books 611710 290 290 47427 4568242 3635856 0 0 167544 150789 16755 2806721 2333798 414650 58273 239998 197434 37319 5245 59788 45564 13703 521 7466 7466 157793 144789 13004 321752 289577 32175 27677 24909 2768 Bad Debt 170176 170176 Designated Expenses 165248 165248 Utilities 128713 115842 12871 Repairs and Maintenance 126766 114089 12677 Restricted Expenses 85845 85845 276704 194761 65364 16579 4742191 3889498 755320 97373 783933 474841 144514 144644 7986792 3044915 4551389 4941877 892190 808159 250000 3725 300 6375751 6619821 312398 359772 185410 205945 83262 56859 2698871 3145616 1132 220 3281073 3768412 X 3018959 2423870 75719 427539 3094678 2851409 6375751 6619821 X -173949 -69320 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 83262 168229 194631 56860 1 537964 537964 4590471 1837524 2752947 2858357 1207391 1650966 4941877 State Fees Payable 220 220 4568242 4742191 -173949 -69320 -69320 -243269 4498922 -69320 -69320 4568242 0 4568242 4742191 0 4742191 0 4742191 Part IV, Line 2b: The organization 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 Faculty and Staff Tuition Discounts 50 274994 Pastorial Tuition Discounts 20 38306 Need Based Tuition Discounts 130 110344 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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 1 250000 Later Sale of Property 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. The Board reviewed comparable data during the year. Form 990, Part VI, Section C, line 19 The documents are made available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -69,320. Salem Academy Foundation 942 Lancaster Drive NE Salem OR 97301 237052987 Solicits, Manages, Distributes Funds Solely to School OR 501(c)(3) 170(b)(1) (A)(vi) 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 Salem Academy Foundation C 100170 Cash