Overview
What is Salem Inc?
Salem Inc is a nonprofit organization situated in Minneapolis, Minnesota, specifically at 2507 Bryant Avenue N. Their main focus is on addressing the escalating gun violence in the Twin Cities area. They have initiated a community effort called "21 Days of Peace," which involves faith and community leaders patrolling high-risk areas to combat this issue. This strategy combines prayer, persistence, and a strong community presence to reclaim neighborhoods from violence. Additionally, Salem Inc is committed to contributing to the Twin Cities area by promoting decent housing and creating job opportunities within the construction industry. This dual mission aims to strengthen the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
Salem Inc has received a very low rating of 10%, which corresponds to a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the organization’s accountability and financial practices, as it reflects a lack of transparency and governance structures. The absence of independent board members is particularly alarming, as it can lead to potential conflicts of interest and undermine the integrity of the organization.
The organization scored poorly in several key areas, including the missing financial statements and a lack of critical policies such as conflict of interest and whistleblower protections. Additionally, there is no documentation of board meeting minutes, which raises questions about the oversight of the organization’s operations. The financial ratios indicate that almost half of its expenses are not allocated to programs, further highlighting issues with financial management.
Despite these challenges, the organization does not show any material diversion of assets, which is a positive aspect. However, the overall lack of transparency, independent governance, and financial accountability limits its effectiveness and raises concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Inc legitimate?
Salem Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $35,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,267
For more financial information, click here
What is the mission statement of Salem Inc?
Salem Inc's mission is centered around fostering opportunities and consumerism within the construction industry. Beyond this, the organization is deeply committed to making a positive impact in the community. Specifically, their mission involves constructing decent housing in urban areas, such as the Twin Cities, and creating job opportunities to strengthen the community. In addition, Salem Inc participates in community initiatives, such as the 21 Days of Peace project, which aims to tackle gun violence through a collaborative effort of faith and community leaders. This project involves patrolling 'hot spots' in the Twin Cities, employing prayer, persistence, and presence to reclaim communities from violence.
Who is the CEO of Salem Inc?
Jerry Mcafee is the President of Salem Inc.
What is the revenue of Salem Inc?
Salem Inc's revenue in 2022 was $521,447.
Who are the executives of Salem Inc and what are their salaries?
There 23 volunteers at Salem Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $21,750
- Related: $0
- Other: $0
- Compensation: $13,507
- Related: $0
- Other: $0
Where can I find the form 990 for Salem Inc?
Salem Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Inc
Salem Inc, a nonprofit organization, is dedicated to its mission of fostering opportunities and consumerism within the construction industry. At its core, Salem Inc is committed to making a significant impact in the Twin Cities area by constructing decent housing. This mission extends beyond just building homes; it aims to strengthen the community by creating employment opportunities.
In addition to its construction-focused mission, Salem Inc also takes an active role in addressing local issues. One such initiative is the 21 Days of Peace, an community-wide effort that brings together faith and community leaders. The goal of this outreach is to tackle the recent gun violence in the Twin Cities. By activating prayer, persistence, and the presence of the community, Salem Inc is working to reclaim neighborhoods from violence. This proactive approach demonstrates Salem Inc's commitment to not only building physical structures but also to improving the overall well-being of its community.
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Impact
July, 2024
Salem Inc's impact lies in creating opportunities and consumerism through the construction industry in Minneapolis, MN. One notable initiative, "21 Days of Peace," involves community and faith leaders patrolling "hot spots" to address gun violence in the Twin Cities. This outreach program focuses on activating prayer, persistence, and community presence to reclaim neighborhoods from violence. Salem Inc is dedicated to building decent housing and generating employment opportunities to enhance the Twin Cities community, with a specific focus on the housing sector.
This information is meant to be a general summary of Salem Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $407,407
- Gross Receipts: $521,447
Assets and Liabilities:
- Total Assets: $1,880,578
- Total Liabilities: $1,149,649
- Net Assets: $730,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
21 Days of Peace
Revenue
$189,222
Organization Details
Founding Year
2009
Phone
(612) 801-1048Principal Officer
Jerry Mcafee
Main Address
2507 Bryant Avenue N, Minneapolis, MN, 55411
NTEE Category
Code: L50 - Housing
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