2012-08-29T17:13:34-05:00 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 Troy Lange 5033781219 2012-08-14 1 John La'Gere 5033907880 2010 2016-02-24 21:20:13Z X Troy Lange 942 Lancaster Drive NE Salem OR 97301 4658719 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 901448 2948007 3534853 -23890 26700 89812 74303 3378957 4537304 0 0 0 0 2914817 3214263 0 0 97373 821561 1531578 3736378 4745841 -357421 -208537 6375751 6470436 3281073 3653615 3094678 2816821 To provide an excellent education, from a Christ-centered, biblical perspective, so that our students might know and serve God. 0 0 3893148 3635856 CHRISTIAN EDUCATION FOR PRESCHOOL TO GRADE 12 3893148 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 901372 274771 901448 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 4537304 3635856 0 0 167544 150789 16755 2806721 2333798 414650 58273 239998 197434 37319 5245 59788 45564 13703 521 7466 7466 167420 154416 13004 318268 286093 32175 27677 24909 2768 Bad Debt 170176 170176 Designated Expenses 165248 165248 Utilities 128713 115842 12871 Repairs and Maintenance 124273 111596 12677 Restricted Expenses 85845 85845 276704 194761 65364 16579 4745841 3893148 755320 97373 783933 420444 144514 159037 7819529 3041431 4551389 4778098 892190 808159 250000 3725 54698 6375751 6470436 312398 374166 185410 205945 83262 56859 2698871 3016425 1132 220 3281073 3653615 X 3018959 2389282 75719 427539 3094678 2816821 6375751 6470436 X -208537 -69320 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 83262 168229 194631 56860 1 537964 537964 4423208 1834040 2589168 2858357 1207391 1650966 4778098 State Fees Payable 220 220 4537304 4745841 -208537 -69320 -69320 -277857 4467984 -69320 -69320 4537304 0 4537304 4745841 0 4745841 0 4745841 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 Reason for Amendment Form 990, Item B The Form 990 was amended to correct the cost of new construction and long-term liabilities and related depreciation and interest. Amended Contributions Form 990, Part I, Line 8 Contributions were amended to reduce them $30,938. Amended Program Service Expenses Form 990, Part I, Line 17 The interest paid and depreciation taken were reduced by a net of $3,650. This was due to correction of the debt and cost of aquisitions. 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. Amended Cost Basis and A/D Form 990, Part X, Line 10C The cost of buildings was reduced by $167,263. Accumulated depreciation was reduce by $3,484. Amended Secured Mortgages and Notes to Unrelated Third Parties Form 990, Part X, Line 23 Mortgages and Loans were reduced by $129,191. Reclassified Certificate of Deposits Form 990, Part X, Line 1 $54,398 of Certificates of Deposit were reclassified to other assets. These funds are restricted by the Oregon Employment Department. Reclassified A/R Credit Balances Form 990, Part X, Line 4 $14,394 in credit balances of accounts receivable were reclassified to accounts payable. 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