Salem University Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 196,324 | 66,500 | 129,824 | 27.9 | — |
| 2014 | 16,529 | 50 | 16,479 | 41005.2 | — |
| 2015 | 13,982 | 35,915 | −21,933 | 49.8 | — |
| 2016 | 7,823 | 43,352 | −35,529 | 31.4 | — |
| 2017 | 29,396 | 20,600 | 8,796 | 71.2 | — |
| 2018 | 275,501 | 50,089 | 225,412 | 83.3 | 0% |
| 2019 | 51,953 | 170,283 | −118,330 | 16.2 | 0% |
| 2020 | 4,957 | 51,772 | −46,815 | 42.3 | 0% |
| 2021 | 25,042 | 67,217 | −42,175 | 25.0 | 0% |
| 2022 | 14,975 | 45,588 | −30,613 | 28.9 | 0% |
| 2023 | 38,742 | 44,375 | −5,633 | 10.3 | 0% |
In its most recent public year (2023), this organization spent $5,633 more than it brought in. Its reserves stood at about 10.3 months of spending, down from 27.9 in 2013. Staff pay was 0% of spending. $16,857 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Salem University Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works