Civic Intelligence

Salem Foundation Pioneer Trust Company Trustee

990 • Fiscal year 2019 • EIN 93-6018523

May 01, 2018 to Apr 30, 2019 • Filed on Mar 12, 2020

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

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.12x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$377,990

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

45%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$29,898,606

Up $3,620,036 (+14%) from 2018

Net Assets

Up

$29,363,224

Up $3,603,221 (+14%) from 2018

Liabilities

Up

$535,382

Up $16,815 (+3.2%) from 2018

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin89th percentile

Revenue

Up

$4,649,677

Up $1,448,858 (+45%) from 2018

Expenses

Up

$2,631,102

Up $770,316 (+41%) from 2018

Net Income

Up

$2,018,575

Up $678,542 (+51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2019

Assets$29,898,606
Liabilities$535,382
Net Assets$29,363,224
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$4,649,677
Expenses$2,631,102
Net Income$2,018,575
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Mar 12, 2020
Return Version
2018v3.1
Gross Receipts
$5,928,173
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.

Established in may of 1930,the salem foundation continutes to promote charitable giving by soliciting, managing and disbursing funds for public, charitable and educational purposes primarily in salem, oregon and its vicinity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$19,588,557$23,569,766▲ $3,981,209
Land, Buildings, and Equipment, Net$3,549,763$3,528,053▼ $21,710
Savings and Temporary Cash Investments$2,186,862$1,843,628▼ $343,234
Other Notes and Loans Receivable, Net$147,199$120,963▼ $26,236
Investments in Publicly Traded Securities$23,422$23,912▲ $490
Pledges and Grants Receivable$58,698$10,000▼ $48,698
Intangible Assets$6,000$6,000→ $0
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$26,278,570$29,898,606▲ $3,620,036
Other Assets Total$718,069$796,284▲ $78,215
Liabilities
Grants Payable$490,000$490,242▲ $242
Other Liabilities$28,567$27,833▼ $734
Accounts Payable and Accrued Expenses-$17,307-
Total Liabilities$518,567$535,382▲ $16,815
Net Assets / Fund Balance
Unrestricted Net Assets$15,871,742$28,607,980▲ $12,736,238
Permanently Rstr Net Assets$1,930,507--
Temporarily Rstr Net Assets$7,957,754$755,244▼ $7,202,510
Total Net Assets Fund Balance$25,760,003$29,363,224▲ $3,603,221
Total Liabilities and Net Assets / Fund Balance$26,278,570$29,898,606▲ $3,620,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,555,724$1,708,576-
Land$1,237,200--
Leasehold Improvements$735,129$1,046,743-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,622,151-▲ $290,838$240,183$2,602,913
2017$2,376,345$8,000▲ $309,464-$2,622,151
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
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pioneer Trust Bank NaTrusteeFT$377,990$377,990

Board Members and Trustees

NameTitle
Debra LushChairman
Brian CondelloCmtee Member
Jill Munger Term 123118Cmtee Member
Lucy EscobarCmtee Member
Shelaswau CrierCmtee Member
Terry HancockCmtee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,343,460
Program Service Revenue
$0
Investment Income
$1,003,226
Other Revenue
$302,991
All Other Contributions
$3,343,460
Change in Net Assets
$2,018,575

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 Traded8$865,815Public Stock Price
Total Noncash Contributions8$865,815-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,649,677
Revenue Not Reported on Form 990
$2,335,395
Total Revenue per Audited Statements
$6,985,072
Total Revenue per Form 990
$4,649,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,230,460
Salaries, Compensation, and Employee Benefits$377,990
Other Expenses$22,652
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,118,850--$2,118,850
Current Officers, Directors, Trustees, and Key Employees-$377,990-$377,990
Grants to Domestic Individuals$111,610--$111,610
Fees for Services Accounting-$12,527-$12,527
Fees for Services Legal-$1,398-$1,398
Other Expenses$6,289$38-$38
Total Functional Expenses$2,236,749$394,353$0$2,631,102

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,406,851
Expenses per Audited Statements$2,631,102
Total Expenses per Form 990$2,631,102
Expenses Not Reported on Form 990$775,749
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Community Services FSalem, OR-General$600,000
Ugm of SalemSalem, OR-General$262,186
The Abbey FoundationSt Benedict, OR-General$240,000
Catholic Community ServicesSalem, OR-General$208,664
Family Building BlocksSalem, OR-General$58,500
Abp Francis Norbert BlanchetSalem, OR-General$50,000
Silverton Health FoundSilverton, OR-General$50,000
Isaacs RoomSalem, OR-General$45,000
Benedictine Sisters of Mt AngMt Angel, OR-General$39,780
Providence Benedictine Nurs CMt Angel, OR-General$35,418
Liberty HouseSalem, OR-General$30,000
Ac Gilberts Discovery VillageSalem, OR-General$25,000
Community Resource TrustSalem, OR-General$25,000
Horses of HopeTurner, OR-General$25,000
Salem Rotary FoundationSalem, OR-General$25,000
St Joseph Catholic SchoolSalem, OR-General$21,870
Casa of Marion CountyKeizer, OR-General$20,000
Santa Clara UniversitySanta Clara, CA-General$20,000
City of SalemSalem, OR-General$16,754
Salem Public Library FndSalem, OR-General$15,000
Willamette UniversitySalem, OR-General$15,000
Chemeketa Community CollegeSalem, OR-General$14,766
Assistance League of SalemSalem, OR-General$14,600
Doernbecher Childrens HospPortland, OR-General$13,553
United Way of Mid-willametteSalem, OR-General$13,000
Oregon Student Assistance ComEugene, OR-General$12,611
Boys and Girls ClubSalem, OR-General$12,236
St Francis ShelterSalem, OR-General$12,000
The Salvation ArmySalem, OR-General$11,736
Salem-keizer Public SchoolsSalem, OR-General$11,064
Con-tech IncSalem, OR-General$10,000
Detroit Community ChurchDetroit, OR-General$10,000
North Salem Viking AlumniSalem, OR-General$9,730
Family Promise of MwvSalem, OR-General$9,000
Salem Free ClinicsSalem, OR-General$8,000
Aumsville Cemetary AssocAumsville, OR-General$7,907
Greater Salem Young LifeSalem, OR-General$6,750
Salem Hospital FoundationSalem, OR-General$6,656
Salem Lealdership FoundationSalem, OR-General$6,100
Marion Polk Food ShareSalem, OR-General$6,000
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$27,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
2020-03-12
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
Shari Kay Scoles CPA PC
Address
537 High St SE, Salem, OR 97301
Preparer
Shari Kay Scoles
Phone
5033613031
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 XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expenses netted on form 990 $775749”

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

“Rental expenses netted on form 990 $775749”

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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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IRS990/GrantsPayableGrp/EOYAmt0490242
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0111610
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0111610
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02118850
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02118850
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0968400
IRS990/GrossReceiptsAmt05928173
IRS990/GrossRentsGrp/RealAmt01006200
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt06000
IRS990/IntangibleAssetsGrp/EOYAmt06000
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0537573
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0537573
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt019588557
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt023569766
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt023422
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023912
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02755319
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03549763
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03528053
IRS990/LandBldgEquipCostOrOtherBssAmt06283372
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0502747
IRS990/LessRentalExpensesGrp/RealAmt0775749
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ESTABLISHED IN MAY OF 1930,THE SALEM FOUNDATION CONTINUTES TO PROMOTE CHARITABLE GIVING BY SOLICITING, MANAGING AND DISBURSING FUNDS FOR PUBLIC, CHARITABLE AND EDUCATIONAL PURPOSES PRIMARILY IN SALEM, OREGON AND ITS VICINITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025760003
IRS990/NetAssetsOrFundBalancesEOYAmt029363224
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0465653
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0465653
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0230451
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0230451
IRS990/NetUnrlzdGainsLossesInvstAmt01559646
IRS990/NoncashContributionsAmt0865815
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0718069
IRS990/OtherAssetsTotalGrp/EOYAmt0796284
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MAKE MUSIC DAY
IRS990/OtherExpensesGrp/Desc1DEPT OF JUSTICE FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt138
IRS990/OtherExpensesGrp/ProgramServicesAmt06289
IRS990/OtherExpensesGrp/TotalAmt06289
IRS990/OtherExpensesGrp/TotalAmt12400
IRS990/OtherExpensesGrp/TotalAmt238
IRS990/OtherLiabilitiesGrp/BOYAmt028567
IRS990/OtherLiabilitiesGrp/EOYAmt027833
IRS990/OtherRevenueMiscGrp/Desc0BENEFICIAL TRUST VALUE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0627
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt071913
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt071913
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1627
IRS990/OtherRevenueTotalAmt072540
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0147199
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0120963
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01930507
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt058698
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt025000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE SCHOLARSHIPS WERE AWARDED TO 39 STUDENTS IN THE SALEM AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0111610
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0111610
IRS990/ProgSrvcAccomActy3Grp/Desc0MAKE MUSIC DAY EVENT
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06289
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02101760
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01506142
IRS990/PYInvestmentIncomeAmt0616140
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt026829
IRS990/PYOtherRevenueAmt0482919
IRS990/PYRevenuesLessExpensesAmt01340033
IRS990/PYSalariesCompEmpBnftPaidAmt0327815
IRS990/PYTotalExpensesAmt01860786
IRS990/PYTotalRevenueAmt03200819
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02018575
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0230451
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02186862
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01843628
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, WEBSITE AND OCCASIONAL PUBLICITY. THE SALEM FOUNDAITON ENGAGES IN FUND RAISING BY MAKING RESIDENTS, 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/CurrentTaxYearAmt03343460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02101760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01197809
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01500162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02032092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010175283
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01543773
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01985238
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01421576
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01397627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01300607
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07648821
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.32000
IRS990ScheduleA/PublicSupportPY170Pct00.27050
IRS990ScheduleA/PublicSupportTotal170Amt05703057
IRS990ScheduleA/SubstantialContributorsTotAmt04472226
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03343460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02101760
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01197809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01500162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02032092
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010175283
IRS990ScheduleA/TotalSupportAmt017824104
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/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01555724
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01708576
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03264300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt035965
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02622151
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02602913
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt033928
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0290838
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0240183
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt036165
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02376345
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt08000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02622151
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt035493
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309464
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt033248
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02215189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02376345
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt038522
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0226926
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt031905
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02177175
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010531
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02215189
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt029375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt088763
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt028965
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02081321
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt019500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02177175
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt029509
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162382
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt027554
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt02082958
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt01038568
IRS990ScheduleD/DonorAdvisedFundsHeldCnt014
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt018893016
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0775749
IRS990ScheduleD/ExpensesSubtotalAmt02631102
IRS990ScheduleD/LandGrp/BookValueAmt01237200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01237200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0735129
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01046743
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01781872
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01559646
IRS990ScheduleD/OtherExpensesIncludedAmt0775749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT AND DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0775749
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt02335395
IRS990ScheduleD/RevenueSubtotalAmt04649677
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/ExplanationTxt1RENTAL EXPENSES NETTED ON FORM 990 $775749

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,898,606
Liabilities
$535,382
Net assets
$29,363,224
Revenue
$4,649,677
Expenses
$2,631,102
Net income
$2,018,575
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