Salem Academy Foundation Inc

Salem, OR
Tax-exempt since June 2025
EIN: 23-7052987

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2018

Revenue

$71,602

Expenses

$40,062

Net Income

$31,540

Net Assets

$400,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,500	7.7%
Program Services	$0
Investment Income	$12,335	17.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$53,767	75.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$400,418
Total Liabilities	$0
Net Assets	$400,418

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Hunt (Secretary)	$0	$0	$0
Sam Garlock (Treasurer)	$0	$0	$0
Kelly Hamilton (Board Member)	$0	$0	$0
Lisa Mccormick (President)	$0	$0	$0
Justin Wells (Vice President)	$0	$0	$0

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990

Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

-$33,201

Expenses

$42,318

Net Income

-$75,519

Net Assets

$521,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,938
Program Services	$0
Investment Income	$12,529
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$53,668
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$521,764
Total Liabilities	$0
Net Assets	$521,764

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Hunt (Secretary)	$0	$0	$0
Sam Garlock (Treasurer)	$0	$0	$0
Kelly Hamilton (Board Member)	$0	$0	$0
Lisa Mccormick (President)	$0	$0	$0
Justin Wells (Vice President)	$0	$0	$0

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990

Filed on Dec. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$21,243

Expenses

$84,977

Net Income

-$63,734

Net Assets

$480,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,000	47.1%
Program Services	$0
Investment Income	$11,243	52.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$480,251
Total Liabilities	$0
Net Assets	$480,251

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Hunt (Secretary)	$0	$0	$0
Sam Garlock (Treasurer)	$0	$0	$0
Kelly Hamilton (Board Member)	$0	$0	$0
Lisa Mccormick (President)	$0	$0	$0
Justin Wells (Vice President)	$0	$0	$0

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990

Filed on Nov. 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$20,099

Expenses

$156,499

Net Income

-$136,400

Net Assets

$593,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,500	17.4%
Program Services	$0
Investment Income	$16,599	82.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$593,004
Total Liabilities	$0
Net Assets	$593,004

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Hamilton (President)	$0	$0	$0
Lisa Mccormick (Board Member)	$0	$0	$0
Mark Hunt (Secretary)	$0	$0	$0
Sam Garlock (Treasurer)	$0	$0	$0
Justin Wells (Vice President)	$0	$0	$0

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990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$36,107

Expenses

$141,246

Net Income

-$105,139

Net Assets

$956,676

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$20,200	55.9%
Program Services	$0
Investment Income	$15,907	44.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$956,676
Total Liabilities	$0
Net Assets	$956,676

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$665,923

Expenses

$646,780

Net Income

$19,143

Net Assets

$972,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$645,999	97.0%
Program Services	$0
Investment Income	$19,924	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$972,906
Total Liabilities	$0
Net Assets	$972,906

Compensation

Key Employees and Officers	Compensation	Related	Other
Ivan Imig (Board Member)	$0	$0	$0
Lisa Mccormick (Board Member)	$0	$0	$0
Mark Hunt (Secretary)	$0	$0	$0
Sam Garlock (Treasurer)	$0	$0	$0
Justin Wells (President)	$0	$0	$0

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990

Filed on Nov. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2012

Revenue

$102,139

Expenses

$79,435

Net Income

$22,704

Net Assets

$751,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$83,974	82.2%
Program Services	$0
Investment Income	$33,890	33.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$15,725
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$751,082
Total Liabilities	$0
Net Assets	$751,082

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$56,146

Expenses

$54,966

Net Income

$1,180

Net Assets

$728,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,609	47.4%
Program Services	$0
Investment Income	-$12,490
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$42,027	74.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$728,378
Total Liabilities	$0
Net Assets	$728,378

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

-$41,968

Expenses

$42,456

Net Income

-$84,424

Net Assets

$727,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$600
Program Services	$0
Investment Income	-$55,021
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,453
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$727,198
Total Liabilities	$0
Net Assets	$727,198

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated April 20, 2026

Salem Academy Foundation Inc

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2008

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2007

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2006

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2005

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2004

No Extracted Financial Data

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990

Fiscal Year Ending Dec. 2001

No Extracted Financial Data

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001