Salem Art Association Endowment Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,246 | 94,305 | −46,059 | 120.8 | 0% |
| 2012 | 66,014 | 75,238 | −9,224 | 154.9 | 0% |
| 2013 | 129,441 | 102,741 | 26,700 | 124.5 | 0% |
| 2014 | 128,878 | 112,856 | 16,022 | 110.8 | 0% |
| 2015 | 58,643 | 108,649 | −50,006 | 101.6 | 0% |
| 2016 | 94,397 | 103,265 | −8,868 | 108.8 | 0% |
| 2017 | 80,333 | 119,503 | −39,170 | 92.4 | 0% |
| 2018 | 90,851 | 67,641 | 23,210 | 145.2 | 0% |
| 2019 | 43,500 | 66,153 | −22,653 | 163.7 | 0% |
| 2020 | 23,310 | 69,536 | −46,226 | 147.3 | 0% |
| 2021 | 80,611 | 66,345 | 14,266 | 170.5 | 0% |
| 2022 | 40,728 | 46,155 | −5,427 | 211.6 | 0% |
| 2023 | 49,289 | 75,235 | −25,946 | 133.0 | 0% |
In its most recent public year (2023), this organization spent $25,946 more than it brought in. Its reserves stood at about 133 months of spending, up from 120.8 in 2011. Staff pay was 0% of spending.
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
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