Civic Intelligence

Salem Foundation Pioneer Trust Company Trustee

990 • Fiscal year 2013 • EIN 93-6018523

May 01, 2012 to Apr 30, 2013 • Filed on Jul 03, 2013

Organization Profilewww.salemfoundation.org
C/O Pioneer Trust Bank PO Box 230597308
Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$20,827,737

Up $2,519,430 (+14%) from 2012

Net Assets

Up

$19,964,260

Up $2,693,920 (+16%) from 2012

Liabilities

Down

$863,477

Down $174,490 (-17%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,290,418

Up $45,656 (+3.7%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$40M$30M$20M$10M$0Assets 2011: $18,582,265Liabilities 2011: $1,146,686Net Assets 2011: $17,435,5792011Assets 2012: $18,308,307Liabilities 2012: $1,037,967Net Assets 2012: $17,270,3402012Assets 2013: $20,827,737Liabilities 2013: $863,477Net Assets 2013: $19,964,2602013Assets 2014: $21,379,376Liabilities 2014: $668,609Net Assets 2014: $20,710,7672014Assets 2015: $22,556,699Liabilities 2015: $419,816Net Assets 2015: $22,136,8832015Assets 2016: $22,629,493Liabilities 2016: $812,206Net Assets 2016: $21,817,2872016Assets 2017: $24,272,136Liabilities 2017: $871,233Net Assets 2017: $23,400,9032017Assets 2018: $26,278,570Liabilities 2018: $518,567Net Assets 2018: $25,760,0032018Assets 2019: $29,898,606Liabilities 2019: $535,382Net Assets 2019: $29,363,2242019Assets 2020: $29,556,546Liabilities 2020: $291,614Net Assets 2020: $29,264,9322020Assets 2021: $35,726,700Liabilities 2021: $384,070Net Assets 2021: $35,342,6302021Assets 2022: $34,628,460Liabilities 2022: $304,118Net Assets 2022: $34,324,3422022Assets 2023: $34,545,619Liabilities 2023: $227,710Net Assets 2023: $34,317,9092023Assets 2024: $39,558,682Liabilities 2024: $786,275Net Assets 2024: $38,772,4072024Assets 2025: $37,574,532Liabilities 2025: $279,472Net Assets 2025: $37,295,0602025

Highlighted filing

2013

Assets$20,827,737
Liabilities$863,477
Net Assets$19,964,260
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,485,8602011Expenses 2012: $1,244,7622012Expenses 2013: $1,290,4182013Revenue 2014: $1,667,362Expenses 2014: $2,170,905Net Income 2014: -$503,5432014Revenue 2015: $3,318,238Expenses 2015: $2,684,916Net Income 2015: $633,3222015Revenue 2016: $3,188,252Expenses 2016: $3,599,686Net Income 2016: -$411,4342016Revenue 2017: $2,614,919Expenses 2017: $1,818,561Net Income 2017: $796,3582017Revenue 2018: $3,200,819Expenses 2018: $1,860,786Net Income 2018: $1,340,0332018Revenue 2019: $4,649,677Expenses 2019: $2,631,102Net Income 2019: $2,018,5752019Revenue 2020: $2,231,073Expenses 2020: $2,819,958Net Income 2020: -$588,8852020Revenue 2021: $4,306,114Expenses 2021: $3,557,683Net Income 2021: $748,4312021Revenue 2022: $4,735,987Expenses 2022: $4,442,641Net Income 2022: $293,3462022Revenue 2023: $3,345,668Expenses 2023: $4,118,990Net Income 2023: -$773,3222023Revenue 2024: $10,372,711Expenses 2024: $6,613,071Net Income 2024: $3,759,6402024Revenue 2025: $9,539,251Expenses 2025: $11,381,995Net Income 2025: -$1,842,7442025

Highlighted filing

2013

Revenue-
Expenses$1,290,418
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2012 to Apr 30, 2013
Signed
Jul 3, 2013
Return Version
2012v2.0
Gross Receipts
$5,696,078
Mission and Program Overview

Mission

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon. More than 70 charitable organizations and 18 college students benefited during the current fiscal year.

Major Activities

Activity 2
College scholarships were awarded to 22 students in the salem area.
Filing and Contact Details

Filer

EIN
93-6018523
Raw XML AppendixShowing 400 of 756 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0RENTAL EXPENSES NETTED ON FORM 990 $601057 ACCRUED GRANTS PAYABLE $-172200
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1RENTAL EXPENSES NETTED ON FORM 990 $601057
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2THE SALEM FOUNDATION IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN ON ITS 2009, 2010, AND 2011 TAX RETURNS, AND THOSE EXPECTED TO BE TAKEN ON ITS 2012 TAX RETURN, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT 12 MONTHS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3THE TRUSTEE INVESTS, MANAGES, AND DISTRIBUTES ENDOWMENT FUNDS SUBJECT TO THE FOUNDATION'S GOVERNING DOCUMENTS AND THE OREGON UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA). THE GOVERNING DOCUMENTS PROVIDE THAT UP TO 4% OF THE CORPUS OF ANY ONE OR MORE OF THE ENDOWMENT FUNDS IN ANY ONE CALENDAR YEAR MAY BE APPROPRIATED FOR DISTRIBUTION. THE INVESTMENT POLICY CONSIDERS THE NEEDS AND OBJECTIVES OF EACH FUND AND ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX THAT IS INTENDED TO RESULT IN AN INFLATION-PROTECTED RATE OF RETURN THAT HAS SUFFICIENT LIQUIDITY TO MAKE AN ANNUAL DISTRIBUTION OF 4% WHILE GROWING THE FUND IF POSSIBLE.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Part XII, Line 2d
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Part XI, Line 2d
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2Part X
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3Part V, Line 4
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference2Part X : FIN48 Footnote
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference3Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/GrantsPaidFromDonorFunds0746739
IRS990ScheduleD/Land/BookValue01237200
IRS990ScheduleD/Land/InvestmentCostOrOtherBasis01237200
IRS990ScheduleD/LeaseholdImprovements/BookValue0229451
IRS990ScheduleD/LeaseholdImprovements/Depreciation0189570
IRS990ScheduleD/LeaseholdImprovements/InvestmentCostOrOtherBasis0419021
IRS990ScheduleD/NetUnrealizedGainsInvestments0827029
IRS990ScheduleD/NumberDAFsHeld06
IRS990ScheduleD/OtherExpensesIncluded0428857
IRS990ScheduleD/OtherLiabilities/Amount034677
IRS990ScheduleD/OtherLiabilities/Description0PREPAID RENT AND DEPOSITS
IRS990ScheduleD/OtherRevenues0601057
IRS990ScheduleD/PermanentEndowmentEOYBalance01.00000
IRS990ScheduleD/RevenueNotRptdF99001428086
IRS990ScheduleD/RevenueSubtotal02985109
IRS990ScheduleD/TotalExpensesPerForm99001290418
IRS990ScheduleD/TotalOfAmounts034677
IRS990ScheduleD/TotalOfBookValueLandBuildings03947605
IRS990ScheduleD/TotalOfBookValueSecurities014425550
IRS990ScheduleD/TotalRevenuePerForm99002985109
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01719275
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt04413195
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant07752
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients022
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0COLLEGE SCHOLARSHIPS TO INSTITUTIONS F/B/O STUDENTS
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THE SALEM FOUNDATION VERIFIES THAT THE RECIPIENTS OF GRANTS ARE QUALIFIED 501(C)(3) ORGANIZATIONS AND PROVIDES A LETTER OF INSTRUCTION REGARDING THE USE OF THE GRANTS. UNLESS SPECIFIED BY THE ADVISOR OF A DONOR-ADVISED FUND, NO FORMAL REPORTS ON THE USE OF GRANTS ARE REQUIRED FROM THE RECIPIENTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine101255 BROADWAY NE STE 110
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine113094 GEHLAR RD NW
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine12P O BOX 431
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine13P O BOX 7047
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine141395 SUMMER ST NE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine15721 CHEMEKETA STREET NE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine162615 PORTLAND RD NE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine17P O BOX 12024
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine18233 COMMERCIAL NE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine19P O BOX 14810
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine110PO BOX 7384
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1111055 EDGEWATER ST NW

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$20,827,737
Liabilities
$863,477
Net assets
$19,964,260
Revenue
-
Expenses
$1,290,418
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$0.28$37.3$9.54$11.4$1.84
2024Detailed filing. Detailed filing data is available for this year.$39.6$0.79$38.8$10.4$6.61$3.76
2023Detailed filing. Detailed filing data is available for this year.$34.5$0.23$34.3$3.35$4.12$0.77
2022Detailed filing. Detailed filing data is available for this year.$34.6$0.30$34.3$4.74$4.44$0.29
2021Detailed filing. Detailed filing data is available for this year.$35.7$0.38$35.3$4.31$3.56$0.75
2020Detailed filing. Detailed filing data is available for this year.$29.6$0.29$29.3$2.23$2.82$0.59
2019Detailed filing. Detailed filing data is available for this year.$29.9$0.54$29.4$4.65$2.63$2.02
2018Detailed filing. Detailed filing data is available for this year.$26.3$0.52$25.8$3.20$1.86$1.34
2017Detailed filing. Detailed filing data is available for this year.$24.3$0.87$23.4$2.61$1.82$0.80
2016Detailed filing. Detailed filing data is available for this year.$22.6$0.81$21.8$3.19$3.60$0.41
2015Detailed filing. Detailed filing data is available for this year.$22.6$0.42$22.1$3.32$2.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$21.4$0.67$20.7$1.67$2.17$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.86$20.0$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$1.04$17.3$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$1.15$17.4$2.49