Civic Intelligence

Salem Academy Foundation Inc.

990 • Fiscal year 2016 • EIN 23-7052987

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 11, 2017

Organization ProfileN/A
942 Lancaster Dr NESalem, OR 97301

(503) 316-0880

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

2nd percentile

-300%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

5.7%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$480,251

Down $112,753 (-19%) from 2015

Net Assets

Down

$480,251

Down $112,753 (-19%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin2nd percentile

Revenue

Up

$21,243

Up $1,144 (+5.7%) from 2015

Expenses

Down

$84,977

Down $71,522 (-46%) from 2015

Net Income

Up

-$63,734

Up $72,666 (+53%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$1.0M$500K$0Assets 2013: $972,906Liabilities 2013: $0Net Assets 2013: $972,9062013Assets 2015: $593,004Liabilities 2015: $0Net Assets 2015: $593,0042015Assets 2016: $480,251Liabilities 2016: $0Net Assets 2016: $480,2512016Assets 2017: $521,764Liabilities 2017: $0Net Assets 2017: $521,7642017Assets 2018: $400,418Liabilities 2018: $0Net Assets 2018: $400,4182018

Highlighted filing

2016

Assets$480,251
Liabilities$0
Net Assets$480,251
Open 2016 Filing

Operations Trend

Revenue Growth58th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $665,923Expenses 2013: $646,780Net Income 2013: $19,1432013Revenue 2015: $20,099Expenses 2015: $156,499Net Income 2015: -$136,4002015Revenue 2016: $21,243Expenses 2016: $84,977Net Income 2016: -$63,7342016Revenue 2017: -$33,201Expenses 2017: $42,318Net Income 2017: -$75,5192017Revenue 2018: $71,602Expenses 2018: $40,062Net Income 2018: $31,5402018

Highlighted filing

2016

Revenue$21,243
Expenses$84,977
Net Income-$63,734
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 11, 2017
Return Version
2016v3.0
Gross Receipts
$136,800
Mission and Program Overview

Mission

To raise and invest funds to help support salem academy, an elementary, middle, and high school located in salem oregon

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$582,902$463,036▼ $119,866
Savings and Temporary Cash Investments$10,102$17,215▲ $7,113
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$593,004$480,251▼ $112,753
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$593,004$480,251▼ $112,753
Total Net Assets Fund Balance$593,004$480,251▼ $112,753
Total Liabilities and Net Assets / Fund Balance$593,004$480,251▼ $112,753
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Lisa MccormickPresident
Justin WellsVice President
Kelly HamiltonBoard Member
Mark HuntSecretary
Sam GarlockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$0
Investment Income
$11,243
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$-63,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$81,500
Other Expenses$3,477
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$81,500--$81,500
Insurance-$1,066-$1,066
Other Expenses-$161-$161
Total Functional Expenses$81,500$3,477$0$84,977
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board shall review a draft copy of the return before it is filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“BOARD OVERSIGHT”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All governing documents, policies, and financial statements (information) are available upon request at the foundations address.”

Filing and Contact Details

Filer

Filer Name
Salem Academy Foundation Inc
EIN
23-7052987
Phone
5033160880
Address
942 LANCASTER DR NE, SALEM, OR 97301

Signing Officer

Name
Sam Garlock
Title
Treasurer
Signed
2017-11-11
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Fischer Hayes Joye & Allen LLC
Address
3295 Triangle Dr SE Ste 200, Salem, OR 97302
Preparer
Stephen P Joye CPA
Phone
5033780220
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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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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PUBLIC CHARITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0942 LANCASTER DR NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SALEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd097301
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt081500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SALEM ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0593004
IRS990/TotalAssetsEOYAmt0480251
IRS990/TotalAssetsGrp/BOYAmt0593004
IRS990/TotalAssetsGrp/EOYAmt0480251
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03477
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt081500
IRS990/TotalFunctionalExpensesGrp/TotalAmt084977
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0593004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0480251
IRS990/TotalProgramServiceExpensesAmt081500
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt021243
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0593004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0480251
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0593004
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0480251
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM GARLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALEM ACADEMY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SALE
ReturnHeader/Filer/EIN0237052987
ReturnHeader/Filer/PhoneNum05033160880
ReturnHeader/Filer/USAddress/AddressLine1Txt0942 LANCASTER DR NE
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fischer Hayes Joye & Allen LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03295 Triangle Dr SE Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097302
ReturnHeader/PreparerPersonGrp/PhoneNum05033780220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen P Joye CPA
ReturnHeader/ReturnTs02017-11-14T13:31:29-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$480,251
Liabilities
$0
Net assets
$480,251
Revenue
$21,243
Expenses
$84,977
Net income
-$63,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$0.72$0.40$0.32
2017Detailed filing. Detailed filing data is available for this year.$5.22$0.00$5.22$0.33$0.42$0.76
2016Detailed filing. Detailed filing data is available for this year.$4.80$0.00$4.80$0.21$0.85$0.64
2015Detailed filing. Detailed filing data is available for this year.$5.93$0.00$5.93$0.20$1.56$1.36
2013Detailed filing. Detailed filing data is available for this year.$9.73$0.00$9.73$6.66$6.47$0.19