Civic Intelligence

Salem State University Alumni Association and Foundation Inc.

990 • Fiscal year 2016 • EIN 04-2620632

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 28, 2017

Organization ProfileSALEMSTATE.EDU
352 Lafayette StreetSalem, MA 01970

(978) 542-7590

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

0.11x

Higher debt load relative to revenue than 23% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

16th percentile

-10%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$220,810

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

21st percentile

-3.5%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$31,362,599

Down $1,140,095 (-3.5%) from 2015

Net Assets

Down

$31,012,012

Down $1,108,795 (-3.5%) from 2015

Liabilities

Down

$350,587

Down $31,300 (-8.2%) from 2015

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin16th percentile

Revenue

Down

$3,149,534

Down $1,126,291 (-26%) from 2015

Expenses

Up

$3,467,429

Up $960,977 (+38%) from 2015

Net Income

Down

-$317,895

Down $2,087,268 (-118%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $21,528,740Liabilities 2011: $301,672Net Assets 2011: $21,227,0682011Assets 2012: $26,919,089Liabilities 2012: $269,825Net Assets 2012: $26,649,2642012Assets 2013: $29,534,338Liabilities 2013: $274,547Net Assets 2013: $29,259,7912013Assets 2014: $31,359,422Liabilities 2014: $253,771Net Assets 2014: $31,105,6512014Assets 2015: $32,502,694Liabilities 2015: $381,887Net Assets 2015: $32,120,8072015Assets 2016: $31,362,599Liabilities 2016: $350,587Net Assets 2016: $31,012,0122016Assets 2017: $37,487,625Liabilities 2017: $298,981Net Assets 2017: $37,188,6442017Assets 2018: $38,682,754Liabilities 2018: $289,184Net Assets 2018: $38,393,5702018Assets 2019: $39,307,160Liabilities 2019: $386,677Net Assets 2019: $38,920,4832019Assets 2020: $41,281,839Liabilities 2020: $865,247Net Assets 2020: $40,416,5922020Assets 2021: $56,116,935Liabilities 2021: $712,439Net Assets 2021: $55,404,4962021Assets 2022: $50,036,671Liabilities 2022: $795,274Net Assets 2022: $49,241,3972022Assets 2023: $62,590,246Liabilities 2023: $578,628Net Assets 2023: $62,011,6182023Assets 2024: $80,264,774Liabilities 2024: $940,764Net Assets 2024: $79,324,0102024Assets 2025: $87,033,273Liabilities 2025: $864,483Net Assets 2025: $86,168,7902025

Highlighted filing

2016

Assets$31,362,599
Liabilities$350,587
Net Assets$31,012,012
Open 2016 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,838,906Expenses 2011: $1,262,334Net Income 2011: $1,576,5722011Expenses 2012: $1,539,7272012Revenue 2013: $3,343,852Expenses 2013: $1,514,811Net Income 2013: $1,829,0412013Revenue 2014: $5,032,903Expenses 2014: $4,949,431Net Income 2014: $83,4722014Revenue 2015: $4,275,825Expenses 2015: $2,506,452Net Income 2015: $1,769,3732015Revenue 2016: $3,149,534Expenses 2016: $3,467,429Net Income 2016: -$317,8952016Revenue 2017: $7,147,654Expenses 2017: $2,707,465Net Income 2017: $4,440,1892017Revenue 2018: $3,642,736Expenses 2018: $2,810,319Net Income 2018: $832,4172018Revenue 2019: $3,836,657Expenses 2019: $3,040,968Net Income 2019: $795,6892019Revenue 2020: $3,732,036Expenses 2020: $3,019,972Net Income 2020: $712,0642020Revenue 2021: $13,334,644Expenses 2021: $3,362,968Net Income 2021: $9,971,6762021Revenue 2022: $9,786,265Expenses 2022: $5,834,074Net Income 2022: $3,952,1912022Revenue 2023: $16,047,693Expenses 2023: $7,818,430Net Income 2023: $8,229,2632023Revenue 2024: $17,102,070Expenses 2024: $5,660,442Net Income 2024: $11,441,6282024Revenue 2025: $11,803,565Expenses 2025: $5,822,290Net Income 2025: $5,981,2752025

Highlighted filing

2016

Revenue$3,149,534
Expenses$3,467,429
Net Income-$317,895
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 28, 2017
Return Version
2015v3.0
Gross Receipts
$10,631,249
Mission and Program Overview

Mission

To help salem state university meet its needs and goals by raising and managing contributions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,290,629$23,376,281▲ $85,652
Pledges and Grants Receivable$3,338,643$3,366,161▲ $27,518
Investments Other Securities$3,371,508$3,183,278▼ $188,230
Cash and Non-Interest-Bearing Accounts$1,128,638$970,931▼ $157,707
Other Notes and Loans Receivable, Net$404,445$297,778▼ $106,667
Savings and Temporary Cash Investments$949,405$141,172▼ $808,233
Prepaid Expenses and Deferred Charges$19,426$26,998▲ $7,572
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$32,502,694$31,362,599▼ $1,140,095
Liabilities
Accounts Payable and Accrued Expenses$381,887$311,587▼ $70,300
Deferred Revenue-$39,000-
Total Liabilities$381,887$350,587▼ $31,300
Net Assets / Fund Balance
Permanently Rstr Net Assets$18,481,983$19,058,482▲ $576,499
Temporarily Rstr Net Assets$12,996,408$11,033,273▼ $1,963,135
Unrestricted Net Assets$642,416$920,257▲ $277,841
Total Net Assets Fund Balance$32,120,807$31,012,012▼ $1,108,795
Total Liabilities and Net Assets / Fund Balance$32,502,694$31,362,599▼ $1,140,095

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$38,418$38,418
Other Securities$500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$23,396,481$576,499▼ $782,891-$23,190,089
2014$22,397,078$929,705▲ $69,698-$23,396,481
2013$18,869,204$1,086,670▲ $2,441,204-$22,397,078
2012$17,114,389$383,312▲ $1,371,503-$18,869,204
2011$12,646,421$3,958,206▲ $509,762-$17,114,389
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Cynthia McgurrenExecutive DirectorPT$37,820$37,820

Board Members and Trustees

NameTitle
James MuseChair
Joseph M WamnessAlumni Association President
Gina V DeschampsPresident
Patricia Maguire MeserveyUniversity President
Frederick L CavanaughVice President
Kathleen L SkrabutVice President
Albert DivirgilioDirector
Annalisa C Di PalmaDirector
Bruce P PotterDirector
Carlie L DuganDirector
Deirdre a SartorelliDirector
Frank J SparicioDirector
Jacob S SegalDirector
Kathleen a MurphyDirector
Kim Gassett-schillerDirector
Patricia H ZaidoDirector
Paul a PetrowskiDirector
Richard L EliaDirector
Robert M RileyDirector
Robert T LuttsDirector
Suzanne S GruhlDirector
Peggy L CarlDirector of Athletics and Recreation
Jeffrey E LacrossSecretary
Jeffrey V CicoliniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,488,967
Program Service Revenue
$0
Investment Income
$656,885
Other Revenue
$3,682
All Other Contributions
$2,480,967
Change in Net Assets
$-317,895

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$125,955Fair Market Value
Securities Publicly Traded3$63,032Fair Market Value
Other Non Cash Contri Table0$29,257Fair Market Value
Total Noncash Contributions3$218,244-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,025,500
Revenue Not Reported on Financial Statements
$124,034
Revenue Not Reported on Form 990
$-729,152
Total Revenue per Audited Statements
$2,296,348
Total Revenue per Form 990
$3,149,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,758,722
Other Expenses$708,707
Total Fundraising Expense$15,540
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,758,722--$2,758,722
Fees for Services Other$365,352$10,240$8,755$384,347
All Other Expenses-$16,225-$16,225
Conferences and Meetings-$15,138-$15,138
Other Expenses-$5,779$6,785$12,564
Insurance-$4,466-$4,466
Office Expenses-$1,965-$1,965
Total Functional Expenses$3,124,074$327,815$15,540$3,467,429

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,467,429
Total Expenses per Audited Statements$3,405,145
Expenses per Audited Statements$3,343,395
Expenses Not Reported on Financial Statements$124,034
Expenses Not Reported on Form 990$61,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,450
Fundraising Direct Expenses$4,768
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Speaker Series$16,450$8,450$4,768$3,682
Total Events$16,450$8,450$4,768$3,682
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberDeschamps Printing Is Owned by Gina and Her Husband. the Foundation Used Deschamps Printing, Inc. for Printing During Fy16.No$8,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The foundation provided a copy of the form 990 by email to the executive director, president, treasurer, and the full board of directors for review prior to filing the return.”

Form 990, Part VI, Section B, Line 12C

“The foundation requests annual updates of any conflicts of interests and reviews the information for each individual.”

Form 990, Part VI, Section C, Line 19

“Salem state university foundation upon request from the public authority, faxes the information requested to the appropriate authority.”

Filing and Contact Details

Filer

Filer Name
Salem State University Foundation Inc
EIN
04-2620632
Phone
9785427590
Address
352 LAFAYETTE STREET, SALEM, MA 01970

Signing Officer

Name
Cynthia Mcgurren
Title
Executive Director
Phone
9785427590
Signed
2017-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Mcgurren
Formed
1977
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
0

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
Steven J Cohen
Phone
6174711120
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other expenses: program service expenses 2,032. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,032. Awards: program service expenses 363,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 363,320. Consulting: program service expenses 0. Management and general expenses 10,240. Fundraising expenses 8,755. Total expenses 18,995.”

Form 990, Part XII, Line 2C

“The foundation has an audit committee whose purpose is the oversight and review of the audited financial statements and selection of an independent accountant. This process has not been changed from prior year.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowment funds is to support the mission of the foundation.”

PART X, LINE 2:

“Salem state university foundation, inc. Is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and therefore has made no provision for federal income taxes in the accompanying financial statements. Accounting principles generally accepted in the united states of america require an entity to assess the probability that a tax position has a more likely than not (mltn) sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances the statute of limitations may remain open indefinitely.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Expenses allocated to fundraising events 4,768.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses allocated to fundraising events 4,768.”

Raw XML AppendixShowing 400 of 686 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm20DEIRDRE A SARTORELLI
IRS990/Form990PartVIISectionAGrp/PersonNm21JACOB S SEGAL
IRS990/Form990PartVIISectionAGrp/PersonNm22FRANK J SPARICIO
IRS990/Form990PartVIISectionAGrp/PersonNm23PATRICIA H ZAIDO
IRS990/Form990PartVIISectionAGrp/PersonNm24CYNTHIA MCGURREN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt24182990
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6UNIVERSITY PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR OF ATHLETICS AND RECREATION
IRS990/Form990PartVIISectionAGrp/TitleTxt8ALUMNI ASSOCIATION PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt08000
IRS990/FundraisingDirectExpensesAmt04768
IRS990/FundraisingGrossIncomeAmt08450
IRS990/GainOrLossGrp/SecuritiesAmt057504
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantAmt02758722
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02758722
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02758722
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07534451
IRS990/GrossReceiptsAmt010631249
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04466
IRS990/InsuranceGrp/TotalAmt04466
IRS990/InvestmentIncomeGrp/ExclusionAmt0599381
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0599381
IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03183278
IRS990/InvestmentsPubTradedSecGrp/BOYAmt023290629
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023376281
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038418
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt038418
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt07476947
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO HELP SALEM STATE UNIVERSITY MEET ITS NEEDS AND GOALS BY RAISING AND MANAGING CONTRIBUTIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt032120807
IRS990/NetAssetsOrFundBalancesEOYAmt031012012
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt057504
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt057504
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03682
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03682
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-790902
IRS990/NoncashContributionsAmt0218244
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01965
IRS990/OfficeExpensesGrp/TotalAmt01965
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LEASED EMPLOYEES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc3CULTIVATION
IRS990/OtherExpensesGrp/FundraisingAmt06785
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0134154
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1124377
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215471
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35779
IRS990/OtherExpensesGrp/TotalAmt0134154
IRS990/OtherExpensesGrp/TotalAmt1124377
IRS990/OtherExpensesGrp/TotalAmt215471
IRS990/OtherExpensesGrp/TotalAmt312564
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0404445
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0297778
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt018481983
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt019058482
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03338643
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03366161
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019426
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026998
IRS990/PrincipalOfficerNm0CYNTHIA MCGURREN
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt03016197
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IRS990/PYGrantsAndSimilarPaidAmt01859291
IRS990/PYInvestmentIncomeAmt01241503
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IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/ReportLandBuildingEquipmentInd01
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0141172
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03362160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03888865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02540182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06964182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019252806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0599381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0530432
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0501569
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0426419
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0351386
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02409187
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70950
IRS990ScheduleA/PublicSupportPY170Pct00.70520
IRS990ScheduleA/PublicSupportTotal170Amt015369006
IRS990ScheduleA/SubstantialContributorsTotAmt03883800
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,362,599
Liabilities
$350,587
Net assets
$31,012,012
Revenue
$3,149,534
Expenses
$3,467,429
Net income
-$317,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$87.0$0.86$86.2$11.8$5.82$5.98
2024Detailed filing. Detailed filing data is available for this year.$80.3$0.94$79.3$17.1$5.66$11.4
2023Detailed filing. Detailed filing data is available for this year.$62.6$0.58$62.0$16.0$7.82$8.23
2022Detailed filing. Detailed filing data is available for this year.$50.0$0.80$49.2$9.79$5.83$3.95
2021Detailed filing. Detailed filing data is available for this year.$56.1$0.71$55.4$13.3$3.36$9.97
2020Detailed filing. Detailed filing data is available for this year.$41.3$0.87$40.4$3.73$3.02$0.71
2019Detailed filing. Detailed filing data is available for this year.$39.3$0.39$38.9$3.84$3.04$0.80
2018Detailed filing. Detailed filing data is available for this year.$38.7$0.29$38.4$3.64$2.81$0.83
2017Detailed filing. Detailed filing data is available for this year.$37.5$0.30$37.2$7.15$2.71$4.44
2016Detailed filing. Detailed filing data is available for this year.$31.4$0.35$31.0$3.15$3.47$0.32
2015Detailed filing. Detailed filing data is available for this year.$32.5$0.38$32.1$4.28$2.51$1.77
2014Detailed filing. Detailed filing data is available for this year.$31.4$0.25$31.1$5.03$4.95$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$0.27$29.3$3.34$1.51$1.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$0.27$26.6$1.54
2011Summary only. Only limited summary data is available for this year.$21.5$0.30$21.2$2.84$1.26$1.58
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits