SALEM ACADEMY FOUNDATION INC

Address
942 LANCASTER DR NE
SALEM, OR 97301
Contact
Phone: +1 (503) 316-0880
Nonprofit
NTEE: B99 - Education N.E.C.
EIN: 23-7052987

Mission

TO RAISE AND INVEST FUNDS TO HELP SUPPORT SALEM ACADEMY, AN ELEMENTARY, MIDDLE, AND HIGH SCHOOL LOCATED IN SALEM OREGON
 20162015201420132012
Basic features of the organization
Subsection code03
PF filing required0    
Metropolitan statistical area6442
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00 $0.00 
Number of employees00 0 
Number of people compensated >$100k00 0 
Number of highly compensated contractors00 0 
Personnel
Garlock, Sam
TitleTreasurerTreasurer Treasurer 
Name of key/compensated personSAM GARLOCKSAM GARLOCK SAM GARLOCK 
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrue True 
Average hours per week working for org1.001.00 1.00 
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00 
Average hours per week working for related orgs0.000.00 0.00 
Hamilton, Kelly
TitleBOARD MEMBERPresident   
Name of key/compensated personKELLY HAMILTONKELLY HAMILTON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.500.50   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Hunt, Mark
TitleSecretarySecretary Secretary 
Name of key/compensated personMARK HUNTMARK HUNT MARK HUNT 
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrue True 
Average hours per week working for org1.001.00 1.00 
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00 
Average hours per week working for related orgs0.000.00 0.00 
Imig, Ivan
Title   BOARD MEMBER 
Name of key/compensated person   IVAN IMIG 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.50 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Average hours per week working for related orgs   0.00 
McCormick, Lisa
TitlePresidentBOARD MEMBER BOARD MEMBER 
Name of key/compensated personLISA MCCORMICKLISA MCCORMICK LISA MCCORMICK 
Position of compensated person
Current individual trustee or directorTrueTrue True 
Current officerTrue    
Average hours per week working for org0.500.50 0.50 
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00 
Average hours per week working for related orgs0.000.00 0.00 
Wells, Justin
TitleVice PresidentVice President President 
Name of key/compensated personJUSTIN WELLSJUSTIN WELLS JUSTIN WELLS 
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrue True 
Average hours per week working for org1.001.00 1.00 
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00 
Average hours per week working for related orgs0.000.00 0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO RAISE AND INVEST FUNDS TO HELP SUPPORT SALEM ACADEMY, AN ELEMENTARY, MIDDLE, AND HIGH SCHOOL LOCATED IN SALEM OREGONTO RAISE AND INVEST FUNDS TO HELP SUPPORT SALEM ACADEMY, AN ELEMENTARY, MIDDLE, AND HIGH SCHOOL LOCATED IN SALEM OREGON TO RAISE AND INVEST FUNDS TO HELP SUPPORT SALEM ACADEMY, AN ELEMENTARY, MIDDLE, AND HIGH SCHOOL LOCATED IN SALEM OREGON 
Program service expenses, total$81,500.00$141,500.00 $643,299.00 
Programs, including revenue & expenses
CAPITAL IMPROVEMENTS TO ACADEMY PROPERTY
Program expenses $105,000.00 $250,000.00 
Program description CAPITAL IMPROVEMENTS TO ACADEMY PROPERTY CAPITAL IMPROVEMENTS TO ACADEMY PROPERTY 
SCHOLARSHIPS
Program expenses$81,500.00$36,500.00 $393,299.00 
Program descriptionSCHOLARSHIPSSCHOLARSHIPS SCHOLARSHIPS 
Financial data
Revenue
Total revenue$21,243.00$20,099.00 $665,923.00 
Revenue from contributions (total)$10,000.00$3,500.00$20,200.00$645,999.00$83,974.00
Revenue from noncash contributions   $640,783.00 
Investment income, current yr$11,243.00$16,599.00 $19,924.00 
Total revenue from grants, etc., current yr$10,000.00$3,500.00 $645,999.00 
Total unrelated business revenue$0.00$0.00 $0.00 
Other revenue, current yr$0.00$0.00 $0.00 
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$136,800.00$20,099.00 $1,306,706.00 
Sources of contributions
Revenue from all other contributions$10,000.00$3,500.00 $645,999.00 
Other types of revenue
Royalties (total)$0.00$0.00 $0.00 
Miscellaneous revenue (total)$0.00$0.00 $0.00 
Net revenue from gaming (total)$0.00$0.00 $0.00 
Income from dividends, interest, and similar investments$11,243.00$16,599.00 $19,924.00 
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00 $0.00 
Net inventory sales (total)$0.00$0.00 $0.00 
Expense categories (totals)
Total functional expenses: sum of all$84,977.00$156,499.00 $646,780.00 
Total functional expenses: program service $81,500.00$141,500.00 $643,299.00 
Total functional expenses: management and general$3,477.00$14,999.00 $3,481.00 
Total functional expenses: fundraising$0.00$0.00 $0.00 
Fees for services
Lobbying fees (total)$0.00$0.00 $0.00 
Legal fees (total)$0.00$0.00 $0.00 
Fundraising service fees (total)$0.00$0.00 $0.00 
General management fees (total)$0.00$490.00 $0.00 
Investment management fees (total)$0.00$0.00 $260.00 
Assets and liabilities
Total assets$480,251.00$593,004.00$956,676.00$972,906.00$751,082.00
Total assets, beginning of year$593,004.00$956,676.00 $751,082.00 
Total liabilities$0.00$0.00$0.00$0.00$0.00
Pledges & accounts receivable, net$0.00$0.00 $0.00 
Loans & receivables from key persons$0.00$0.00 $0.00 
Unrestricted net assets, end of yr$480,251.00$593,004.00 $972,906.00 
Net assets$480,251.00$593,004.00 $972,906.00 
Net assets, beginning of year$593,004.00$956,676.00 $751,082.00 
Intangible assets$0.00$0.00 $0.00 
Other assets$0.00$0.00 $0.00 
Investments: other securities$0.00$0.00 $0.00 
Investments: publicly traded securities$463,036.00$582,902.00 $786,299.00 
Cash: non-interest bearing$0.00$0.00 $0.00 
Investments -- program-related$0.00$0.00 $0.00 
Inventories for sale or use$0.00$0.00 $0.00 
Other financial variables
Revenue less expenses-$63,734.00-$136,400.00 $19,143.00 
Advertising (total)$0.00$0.00 $0.00 
Savings & temp cash investment$17,215.00$10,102.00 $186,607.00 
Accounts receivable, net$0.00$0.00 $0.00 
Prepaid expenses & deferred charges$0.00$0.00 $0.00 
Total net assets or fund balances$480,251.00$593,004.00 $972,906.00 
Depreciation, depletion, amortization$0.00$0.00 $0.00 
Payment to affiliates$0.00$0.00 $0.00 
Governance and accountability
Number of voting members55 5 
Number of independent voting members55 5 
Cash accountingTrueTrue True 
Tax year start date2016-01-012015-01-01 2013-01-01 
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k   True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 990 
Date e-filing submitted2018-01-052017-03-29 2014-12-04 
IRS schema version2016v3.02015v2.0 2013v3.1 
Filing identifier201733189349305548201613209349311171 201413179349303356 
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