Civic Intelligence

Salem Foundation Pioneer Trust Company Trustee

990 • Fiscal year 2017 • EIN 93-6018523

May 01, 2016 to Apr 30, 2017 • Filed on Mar 14, 2018

Organization Profilewww.salemfoundation.org
C/O Pioneer Trust Bank PO Box 2305Salem, OR 97308

(503) 363-3136

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.04x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.33x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$320,214

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

59th percentile

7.3%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-18%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$24,272,136

Up $1,642,643 (+7.3%) from 2016

Net Assets

Up

$23,400,903

Up $1,583,616 (+7.3%) from 2016

Liabilities

Up

$871,233

Up $59,027 (+7.3%) from 2016

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin84th percentile

Revenue

Down

$2,614,919

Down $573,333 (-18%) from 2016

Expenses

Down

$1,818,561

Down $1,781,125 (-49%) from 2016

Net Income

Up

$796,358

Up $1,207,792 (+294%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2017

Assets$24,272,136
Liabilities$871,233
Net Assets$23,400,903
Open 2017 Filing

Operations Trend

Revenue Growth12th percentile

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

2017

Revenue$2,614,919
Expenses$1,818,561
Net Income$796,358
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Mar 14, 2018
Return Version
2016v3.0
Gross Receipts
$3,668,684
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.

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon. More than 77 charitable organizations and 20 college students benefited during the current fiscal year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,322,225$17,866,964▲ $1,544,739
Land, Buildings, and Equipment, Net$4,265,879$3,728,400▼ $537,479
Savings and Temporary Cash Investments$1,422,935$1,983,926▲ $560,991
Other Notes and Loans Receivable, Net$129,826$134,381▲ $4,555
Pledges and Grants Receivable$430,000$90,698▼ $339,302
Investments in Publicly Traded Securities$24,236$24,001▼ $235
Intangible Assets-$6,000-
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$22,629,493$24,272,136▲ $1,642,643
Other Assets Total$34,392$437,766▲ $403,374
Liabilities
Grants Payable$585,000$645,000▲ $60,000
Mortgage Notes Payable Secured by Investment Property$200,000$200,000→ $0
Other Liabilities$27,206$26,233▼ $973
Total Liabilities$812,206$871,233▲ $59,027
Net Assets / Fund Balance
Unrestricted Net Assets$13,683,084$14,467,006▲ $783,922
Temporarily Rstr Net Assets$6,298,458$7,014,699▲ $716,241
Permanently Rstr Net Assets$1,835,745$1,919,198▲ $83,453
Total Net Assets Fund Balance$21,817,287$23,400,903▲ $1,583,616
Total Liabilities and Net Assets / Fund Balance$22,629,493$24,272,136▲ $1,642,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,700,528$1,563,772-
Land$1,237,200--
Leasehold Improvements$790,672$802,154-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,215,189$6,000▲ $226,926-$2,376,345
2015$2,177,175$10,531▲ $88,763-$2,215,189
2014$2,081,321$19,500▲ $162,382$27,554$2,177,175
2013$1,473,155$502,742▲ $152,937-$2,081,321
2012$1,390,905$100▲ $129,602-$1,473,155
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pioneer Trust Bank NaTrusteeFT$320,214$320,214

Board Members and Trustees

NameTitle
Kathleen EvansChairman
Jill MungerCmtee Member
Lucy EscobarCmtee Member
Shelaswau CrierCmtee Member
Terry HancockCmtee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,262,735
Program Service Revenue
$0
Investment Income
$965,808
Other Revenue
$386,376
All Other Contributions
$1,262,735
Change in Net Assets
$796,358

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
Securities Publicly Traded5$316,053Nyse
Securities Miscellaneous1$224,229Nav
Other Non Cash Contri Table1$6,000Actual Cost
Total Noncash Contributions7$546,282-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,614,919
Revenue Not Reported on Form 990
$1,349,190
Total Revenue per Audited Statements
$3,964,109
Total Revenue per Form 990
$2,614,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,465,258
Salaries, Compensation, and Employee Benefits$320,214
Other Expenses$33,089
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,445,273--$1,445,273
Current Officers, Directors, Trustees, and Key Employees-$320,214-$320,214
Grants to Domestic Individuals$19,985--$19,985
Interest-$10,443-$10,443
Fees for Services Accounting-$9,900-$9,900
Fees for Services Legal-$1,800-$1,800
Other Expenses$9,273$1,200-$1,200
Office Expenses-$473-$473
Total Functional Expenses$1,474,531$344,030$0$1,818,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,454,824
Expenses per Audited Statements$1,818,561
Total Expenses per Form 990$1,818,561
Expenses Not Reported on Form 990$636,263
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Community ServicesSalem, OR501(c) (3)General$288,240
Abbey Foundation of OregonSt Benedict, OR501(c) (3)General$240,000
Legacy Health FoundationPortland, OR501(c) (3)General$150,000
Community Resource TrustSalem, OR501(c) (3)General$83,333
Salem Hospital FoundationSalem, OR501(c) (3)General$80,685
Casa of Marion CountyKeizer, OR501(c) (3)General$77,000
Archbishop Francis Blanchet SchoolSalem, OR501(c) (3)General$50,000
Benedictine Foundation of OregonMt Angel, OR501(c) (3)General$50,000
Gonzaga UniversitySpokane, WA501(c) (3)General$36,000
Liberty HouseSalem, OR501(c) (3)General$35,265
Union Gospel MissionSalem, OR501(c) (3)General$23,229
St Edward Catholic ChurchKeizer, OR501(c) (3)General$21,000
Salem-keizer Education FdnSalem, OR501(c) (3)General$20,000
Boys & Girls Club of SalemSalem, OR501(c) (3)General$15,208
Oregon 4-h FoundationCorvallis, OR501(c) (3)General$15,000
Assistance League of SalemSalem, OR501(c) (3)General$14,500
City of SalemSalem, ORCity GovernmentGeneral$14,173
Oregon State University FoundationPortland, OR501(c) (3)General$13,767
Chemeketa Community College FoundationSalem, OR501(c) (3)General$12,632
Saint Francis ShelterSalem, OR501(c) (3)General$12,000
Oregon Office of Student AcceEugene, ORState GovernmentGeneral$11,673
Salem-keizer Public SchoolsSalem, OR501(c) (3)General$10,053
Salem Free Medical ClinicSalem, OR501(c) (3)General$10,000
Salem Public Library FdnSalem, OR501(c) (3)General$9,000
Salem Interfaith Hospitality NetSalem, OR501(c) (3)General$7,000
Family Building Blocks IncSalem, OR501(c) (3)General$6,000
Marion-polk Food ShareSalem, OR501(c) (3)General$6,000
Salem Young LifeSalem, OR501(c) (3)General$5,250
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent and Deposits$26,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“Distribution committee member jill munger is a minority shareholder in pioneer trust bank, n.a, which serves as trustee of the salem foundation. Jill's father, william meier, is also a minority shareholder and formerly was an executive officer and board member of pioneer trust bank, n.a. Jill's brother, kent meier, is also a minority shareholder and currently is on the board of directors of pioneer trust bank, n.a. Jill was appointed to the committee after due legal and board consideration of family and ownership relations with pioneer trust bank, n.a.”

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

“Designated officers of trustee review form 990 before filing.”

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

“Members of the distribution committee are required to disclose any conflicts of interest and refrain from voting on grants requested by other charitable entities with which they are affiliated.”

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

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Salem Foundation
EIN
93-6018523
Phone
5033633136
Address
C/O PIONEER TRUST BANK PO BOX 2305, SALEM, OR 97308

Signing Officer

Name
Carol E Herman
Title
Avp & Trust Officer
Signed
2018-03-14
Discuss with paid preparer
Yes

Organization Details

Formed
1930
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Hoots Baker & Wiley
Address
2001 FRONT STREET NE SUITE 120, SALEM, OR 97301
Preparer
Shari K Scoles
Phone
5035851782
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The 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.”

Part X : FIN48 Footnote

“The foundation is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code of 1986. An exemption from the state of oregon corporation excise tax is provided by oregon revised statutes 317.080. Management has analyzed tax positions taken on its 2013 through 2015 tax returns and those expected to be taken on its 2016 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.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expenses netted on form 990 $636263”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expenses netted on form 990 $636263”

Raw XML AppendixShowing 400 of 811 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/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
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IRS990/InterestGrp/ManagementAndGeneralAmt010443
IRS990/InterestGrp/TotalAmt010443
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt03728400
IRS990/LandBldgEquipCostOrOtherBssAmt06094326
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0417502
IRS990/LessRentalExpensesGrp/RealAmt0636263
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON. MORE THAN 77 CHARITABLE ORGANIZATIONS AND 20 COLLEGE STUDENTS BENEFITED DURING THE CURRENT FISCAL YEAR.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0383167
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0383167
IRS990/NetUnrlzdGainsLossesInvstAmt0712927
IRS990/NoncashContributionsAmt0546282
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IRS990/OnBehalfOfIssuerInd0false
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt034392
IRS990/OtherAssetsTotalGrp/EOYAmt0437766
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MAKE MUSIC DAY
IRS990/OtherExpensesGrp/Desc1DEPT OF JUSTICE FEES
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IRS990/OtherExpensesGrp/ProgramServicesAmt09273
IRS990/OtherExpensesGrp/TotalAmt09273
IRS990/OtherExpensesGrp/TotalAmt11200
IRS990/OtherLiabilitiesGrp/BOYAmt027206
IRS990/OtherLiabilitiesGrp/EOYAmt026233
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IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt087
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03122
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt187
IRS990/OtherRevenueTotalAmt03209
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0129826
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0134381
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01835745
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01919198
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0430000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt090698
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt074331
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE SCHOLARSHIPS WERE AWARDED TO 20 STUDENTS IN THE SALEM AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019985
IRS990/ProgSrvcAccomActy2Grp/GrantAmt019985
IRS990/ProgSrvcAccomActy3Grp/Desc0MAKE MUSIC DAY EVENT
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09273
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01820064
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt03279194
IRS990/PYInvestmentIncomeAmt0932404
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt012385
IRS990/PYOtherRevenueAmt0435784
IRS990/PYRevenuesLessExpensesAmt0-411434
IRS990/PYSalariesCompEmpBnftPaidAmt0308107
IRS990/PYTotalExpensesAmt03599686
IRS990/PYTotalRevenueAmt03188252
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0796358
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0383167
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01230735
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01422935
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01983926
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Prior Year Facts and Circumstances: THE SALEM FOUNDATION IS A COMMUNITY TRUST WHICH TYPICALLY ATTRACTS LARGE CONTRIBUTIONS FROM FEWER DONORS FOR THE BENEFIT OF THE SALEM, OREGON COMMUNITY. ITS GOVERNING BODY IS REPRESENTATIVE OF THE COMMUNITY; IT MAKES GRANTS AMONG OTHER SECTION 501 (C) (3) ORGANIZATIONS IN THE AREA; AND IT SOLICITS CONTRIBUTIONS AS IS APPROPRIATE TO ITS STANDING IN THE COMMUNITY BY WORD OF MOUTH, PAMPHLETS, AND OCCASIONAL PUBLICITY. THE SALEM FOUNDATION ENGAGES IN FUND RAISING BY MAKING LOCAL BANKS, LAWYERS, AND OTHER PROFESSIONALS IN THE COMMUNITY AWARE OF ITS CHARITABLE PURPOSES IN AND AROUND SALEM. AS IS TYPICAL OF A COMMUNITY TRUST, THE SALEM FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES PUBLIC SUPPORT TEST.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01197809
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01500162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02032092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0732083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02272523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07734669
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01421576
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01397627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01300607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01326080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01330839
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06776729
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.24370
IRS990ScheduleA/PublicSupportPY170Pct00.21010
IRS990ScheduleA/PublicSupportTotal170Amt03535955
IRS990ScheduleA/SubstantialContributorsTotAmt04198714
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01197809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01500162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02032092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0732083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02272523
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07734669
IRS990ScheduleA/TotalSupportAmt014511398
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01700528
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01563772
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03264300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt033248
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02215189
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02376345
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt038522
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0226926
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt031905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02177175
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt010531
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02215189
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt029375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt088763
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt028965
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02081321
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt019500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02177175
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt029509
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162382
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt027554
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt023151
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01473155
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0502742
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02081321
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt024362
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0152937
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt020217
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01473155
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt027235
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0129602
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
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IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0814000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt011
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt015049391
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/ExpensesSubtotalAmt01818561
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01237200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01237200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0790672
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0802154
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01592826
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0712927
IRS990ScheduleD/OtherExpensesIncludedAmt0636263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT AND DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0636263
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77360
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt01349190
IRS990ScheduleD/RevenueSubtotalAmt02614919
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. AN EXEMPTION FROM THE STATE OF OREGON CORPORATION EXCISE TAX IS PROVIDED BY OREGON REVISED STATUTES 317.080. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN ON ITS 2013 THROUGH 2015 TAX RETURNS AND THOSE EXPECTED TO BE TAKEN ON ITS 2016 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/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES NETTED ON FORM 990 $636263
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES NETTED ON FORM 990 $636263
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d: Other expenses and losses per audited F/S

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,272,136
Liabilities
$871,233
Net assets
$23,400,903
Revenue
$2,614,919
Expenses
$1,818,561
Net income
$796,358
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