Civic Intelligence

Salem Academy Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7052987

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

19th percentile

-23%

Faster asset growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$400,418

Down $121,346 (-23%) from 2017

Net Assets

Down

$400,418

Down $121,346 (-23%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin90th percentile

Revenue

Up

$71,602

Up $104,803 (+316%) from 2017

Expenses

Down

$40,062

Down $2,256 (-5.3%) from 2017

Net Income

Up

$31,540

Up $107,059 (+142%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2018

Assets$400,418
Liabilities$0
Net Assets$400,418
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2018

Revenue$71,602
Expenses$40,062
Net Income$31,540
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$154,678
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$518,341$374,317▼ $144,024
Savings and Temporary Cash Investments$3,423$26,101▲ $22,678
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$521,764$400,418▼ $121,346
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$521,764$400,418▼ $121,346
Total Net Assets Fund Balance$521,764$400,418▼ $121,346
Total Liabilities and Net Assets / Fund Balance$521,764$400,418▼ $121,346
Compensation and Service Providers
Top Officer Pay76th 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
$5,500
Program Service Revenue
$0
Investment Income
$66,102
Other Revenue
$0
All Other Contributions
$5,500
Change in Net Assets
$31,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,500
Other Expenses$3,562
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$36,500--$36,500
Insurance-$1,066-$1,066
Other Expenses-$144-$144
Total Functional Expenses$36,500$3,562$0$40,062
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
2019-11-13
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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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt036500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SALEM ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0521764
IRS990/TotalAssetsEOYAmt0400418
IRS990/TotalAssetsGrp/BOYAmt0521764
IRS990/TotalAssetsGrp/EOYAmt0400418
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036500
IRS990/TotalFunctionalExpensesGrp/TotalAmt040062
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0521764
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0400418
IRS990/TotalProgramServiceExpensesAmt036500
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012335
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053767
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt071602
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0521764
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0400418
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0521764
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0400418
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0942 LANCASTER DR NE
IRS990/USAddress/CityNm0SALEM
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097301
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM GARLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
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/PreparerFirmEIN0475475996
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/ReturnTs02019-11-14T08:23:03-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$400,418
Liabilities
$0
Net assets
$400,418
Revenue
$71,602
Expenses
$40,062
Net income
$31,540
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