Civic Intelligence

Salem Foundation Pioneer Trust Company Trustee

990 • Fiscal year 2022 • EIN 93-6018523

May 01, 2021 to Apr 30, 2022 • Filed on Mar 06, 2023

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

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.06x

Higher debt load relative to revenue than 17% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

49th percentile

6.2%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$485,875

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

38th percentile

-3.1%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

10.0%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$34,628,460

Down $1,098,240 (-3.1%) from 2021

Net Assets

Down

$34,324,342

Down $1,018,288 (-2.9%) from 2021

Liabilities

Down

$304,118

Down $79,952 (-21%) from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin49th percentile

Revenue

Up

$4,735,987

Up $429,873 (+10.0%) from 2021

Expenses

Up

$4,442,641

Up $884,958 (+25%) from 2021

Net Income

Down

$293,346

Down $455,085 (-61%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2022

Assets$34,628,460
Liabilities$304,118
Net Assets$34,324,342
Open 2022 Filing

Operations Trend

Revenue Growth60th 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

2022

Revenue$4,735,987
Expenses$4,442,641
Net Income$293,346
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Mar 6, 2023
Return Version
2021v4.1
Gross Receipts
$7,225,052
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$30,134,749$29,085,806▼ $1,048,943
Land, Buildings, and Equipment, Net$3,232,778$3,091,708▼ $141,070
Cash and Non-Interest-Bearing Accounts$1,239,325$1,371,028▲ $131,703
Other Notes and Loans Receivable, Net$81,002$58,770▼ $22,232
Investments in Publicly Traded Securities$15,719$14,222▼ $1,497
Intangible Assets$6,000$6,000→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants 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$35,726,700$34,628,460▼ $1,098,240
Other Assets Total$1,017,127$1,000,926▼ $16,201
Liabilities
Grants Payable$350,000$271,763▼ $78,237
Other Liabilities$34,070$32,355▼ $1,715
Total Liabilities$384,070$304,118▼ $79,952
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,369,110$33,361,928▼ $1,007,182
Net Assets With Donor Restrictions$973,520$962,414▼ $11,106
Total Net Assets Fund Balance$35,342,630$34,324,342▼ $1,018,288
Total Liabilities and Net Assets / Fund Balance$35,726,700$34,628,460▼ $1,098,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,374,101$1,890,199-
Land$1,237,200--
Leasehold Improvements$480,407$1,244,322-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,316,928$14,340▼ $1,451-$4,220,435
2020$3,428,296$6,485▲ $983,970-$4,316,928
2019$3,339,572$12,730▲ $176,750-$3,428,296
2018$2,622,151$6,000▲ $284,838$240,183$2,602,913
2017$2,376,345$8,000▲ $309,464-$2,622,151
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pioneer Trust Bank NaTrusteeFT$485,875$485,875

Board Members and Trustees

NameTitle
Debra LushChairman
Brian CondelloCmtee Member
Laura TeslerCmtee Member
Louis-claude Nguea-njohCmtee Member
Terry HancockCmtee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,988,425
Program Service Revenue
$0
Investment Income
$1,295,645
Other Revenue
$451,917
All Other Contributions
$2,988,425
Change in Net Assets
$293,346

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$740,000Appraisal
Securities Publicly Traded1$4,199Trade Value
Collectibles1$3,392Sale Value
Total Noncash Contributions3$747,591-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,735,987
Revenue Not Reported on Form 990
$-745,536
Total Revenue per Audited Statements
$3,990,451
Total Revenue per Form 990
$4,735,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,929,276
Salaries, Compensation, and Employee Benefits$485,875
Other Expenses$27,490
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,877,561--$3,877,561
Current Officers, Directors, Trustees, and Key Employees-$485,875-$485,875
Grants to Domestic Individuals$51,715--$51,715
Fees for Services Accounting-$14,730-$14,730
Other Expenses$8,951$1,052-$1,052
Fees for Services Legal-$360-$360
Total Functional Expenses$3,938,227$504,414$0$4,442,641

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,008,739
Expenses per Audited Statements$4,442,641
Total Expenses per Form 990$4,442,641
Expenses Not Reported on Form 990$566,098
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Community Serv FoundSalem, OR501(c)(3)General$500,000
Willamette Regional EducationSalem, OR-General$500,000
Salem Health FoundationSalem, OR501(c)(3)General$495,227
Family Ymca of Marion & PolkSalem, OR501(c)(3)General$280,198
Family Building Blocks IncSalem, OR501(c)(3)General$237,769
Catholic Community Serv FndSalem, OR501(c)(3)General$233,758
The Abbey Foundation of orSt Benedict, OR501(c)(3)General$220,000
Union Gospel MissionSalem, OR501(c)(3)General$190,765
Holy Family AcademyMt Angel, OR501(c)(3)General$110,381
Gilbert House MuseumSalem, OR501(c)(3)General$87,000
Church at the ParkSalem, OR501(c)(3)General$80,000
Benedictine Sisters of Mt AngMt Angel, OR501(c)(3)General$76,500
Capital Futbol ClubSalem, OR501(c)(3)General$52,000
Casa of Marion CountyKeizer, OR501(c)(3)General$50,000
Enlightened TheatricsSalem, OR501(c)(3)General$50,000
Horses of Hope OregonTurner, OR501(c)(3)General$41,000
St Francis ShelterSalem, OR501(c)(3)General$40,200
Assistance League of SalemSalem, OR501(c)(3)General$40,000
Detroit Lake FoundationDetroit, OR501(c)(3)General$40,000
Marion-polk Food ShareSalem, OR501(c)(3)General$26,500
Regis St Mary Catholic SchooStayton, OR501(c)(3)General$25,000
Liberty HouseSalem, OR501(c)(3)General$23,865
Gonzaga UniversitySpokane, WA501(c)(3)General$23,120
Mt Angel AbbeySt Benedict, OR501(c)(3)General$23,120
Santa Clara UniversitySanta Clara, CA501(c)(3)General$23,120
The Boys & Girls ClubSalem, OR501(c)(3)General$22,198
Hillsdale CollegeHillsdale, MI501(c)(3)General$20,000
Rollins CollegeWinter Park, FL501(c)(3)General$20,000
Doernbecher Childrens HospPortland, OR501(c)(3)General$17,591
St Timothy Episcopal ChurchSalem, OR501(c)(3)General$17,550
Salem Public Library FdnSalem, OR501(c)(3)General$17,377
Higher Education CoordinatingSalem, OR501(c)(3)General$16,650
Oregon Garden FoundationSilverton, OR501(c)(3)General$15,772
City of SalemSalem, OR501(c)(3)General$15,066
Little League Baseball IncSalem, OR501(c)(3)General$15,000
Providence Newberg Health FouNewberg, OR501(c)(3)General$15,000
Salem-keizer Public SchoolsSalem, OR501(c)(3)General$13,692
Santiam Canyon Tool LibrarySublimity, OR501(c)(3)General$12,215
St Joseph Catholic ChurchSalem, OR501(c)(3)General$12,182
Chemeketa Community Coll FndSalem, OR501(c)(3)General$12,046
The Salvation ArmySalem, OR501(c)(3)General$11,197
Salem Leadership FoundationSalem, OR501(c)(3)General$11,000
St Vincent De Paul SocietySalem, OR501(c)(3)General$10,000
Salem Free ClinicsSalem, OR501(c)(3)General$9,500
Jesuit High SchoolPortland, OR501(c)(3)General$7,500
Dayspring FellowshipKeizer, OR501(c)(3)General$6,567
Focus on the FamilyColorado Spring, CO501(c)(3)General$6,567
Insight for LivingFrisco, TX501(c)(3)General$6,567
First United Methodist ChurchSalem, OR501(c)(3)General$5,532
Habitat for HumanitySalem, OR501(c)(3)General$5,013
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
Refundable Deposits$32,355
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 35% controlled entity
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

“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
2023-03-06
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
350 Mission St SE Ste 201, SALEM, OR 97302
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 990 $566098”

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

“Rental expenses netted on 990 $566098”

Raw XML AppendixShowing 400 of 1,020 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/GainOrLossGrp/SecuritiesAmt0779134
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt03877560
IRS990/GrantsPayableGrp/BOYAmt0350000
IRS990/GrantsPayableGrp/EOYAmt0271763
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt051715
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt051715
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03877561
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03877561
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt085000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02632951
IRS990/GrossReceiptsAmt07225052
IRS990/GrossRentsGrp/RealAmt01029075
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/ExclusionAmt0500661
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0500661
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt030134749
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt029085806
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt015719
IRS990/InvestmentsPubTradedSecGrp/EOYAmt014222
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03134521
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03232778
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03091708
IRS990/LandBldgEquipCostOrOtherBssAmt06226229
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt069150
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01853817
IRS990/LessRentalExpensesGrp/RealAmt0566098
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt035342630
IRS990/NetAssetsOrFundBalancesEOYAmt034324342
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0794984
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0794984
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0462977
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0462977
IRS990/NetUnrlzdGainsLossesInvstAmt0-1311634
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt034369110
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt033361928
IRS990/NoncashContributionsAmt0747591
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01017127
IRS990/OtherAssetsTotalGrp/EOYAmt01000926
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MAKE MUSIC DAY
IRS990/OtherExpensesGrp/Desc1DEPT OF JUSTICE FEES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02397
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11052
IRS990/OtherExpensesGrp/ProgramServicesAmt08951
IRS990/OtherExpensesGrp/TotalAmt08951
IRS990/OtherExpensesGrp/TotalAmt12397
IRS990/OtherExpensesGrp/TotalAmt21052
IRS990/OtherLiabilitiesGrp/BOYAmt034070
IRS990/OtherLiabilitiesGrp/EOYAmt032355
IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN TRUST
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-11105
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt145
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-11105
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt145
IRS990/OtherRevenueTotalAmt0-11060
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt081002
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt058770
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE SCHOLARSHIPS WERE AWARDED TO 41 STUDENTS IN THE SALEM AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt051715
IRS990/ProgSrvcAccomActy2Grp/GrantAmt051715
IRS990/ProgSrvcAccomActy3Grp/Desc0MAKE MUSIC DAY EVENT
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08951
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02246323
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt03111262
IRS990/PYInvestmentIncomeAmt01396068
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt019596
IRS990/PYOtherRevenueAmt0663723
IRS990/PYRevenuesLessExpensesAmt0748431
IRS990/PYSalariesCompEmpBnftPaidAmt0426825
IRS990/PYTotalExpensesAmt03557683
IRS990/PYTotalRevenueAmt04306114
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0293346
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0462977
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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 FOUNDATION 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/CurrentTaxYearAmt02988425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02246323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01143836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03343460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02101760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011823804
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01529736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01643487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01611900
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01543773
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01985238
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08314134
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.19570
IRS990ScheduleA/PublicSupportPY170Pct00.26340
IRS990ScheduleA/PublicSupportTotal170Amt03940210
IRS990ScheduleA/SubstantialContributorsTotAmt07883594
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02988425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02246323
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01143836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03343460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02101760
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011823804
IRS990ScheduleA/TotalSupportAmt020137938
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/BookValueAmt01374101
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01890199
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03264300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt065719
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04316928
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt014340
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04220435
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt043663
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1451
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt056905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03428296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt06485
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04316928
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt044918
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0983970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt049892
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03339572
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt012730
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03428296
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt050864
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0176750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt035965
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02622151
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02602913
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt033928
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0284838
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0240183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt036165
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02376345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt08000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02622151
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt035493
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309464
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0786920
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt01355823
IRS990ScheduleD/DonorAdvisedFundsHeldCnt018
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt020839147
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0566098
IRS990ScheduleD/ExpensesSubtotalAmt04442641
IRS990ScheduleD/LandGrp/BookValueAmt01237200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01237200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0480407
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01244322
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01724729
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1311634
IRS990ScheduleD/OtherExpensesIncludedAmt0566098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0566098
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-745536
IRS990ScheduleD/RevenueSubtotalAmt04735987
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 990 $566098
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES NETTED ON 990 $566098
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03091708
IRS990ScheduleD/TotalBookValueSecuritiesAmt029085806
IRS990ScheduleD/TotalExpensesPerForm990Amt04442641
IRS990ScheduleD/TotalLiabilityAmt032355
IRS990ScheduleD/TotalRevenuePerForm990Amt04735987
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03990451
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05008739
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt051715
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS TO INSTITUTIONS F/B/O STUDENTS

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,628,460
Liabilities
$304,118
Net assets
$34,324,342
Revenue
$4,735,987
Expenses
$4,442,641
Net income
$293,346
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