Overview
What is Salem Academy And College?
Salem Academy and College is a nonprofit educational institution located in Winston-Salem, North Carolina. Founded by the Moravian Church in 1772, it began as a school for girls. Today, the college serves around 347 full-time students and 60 high school students, as well as 96 part-time students in continuing education programs. Salem Academy and College is dedicated to the liberal arts and quality professional preparation. Its mission is to foster human faculties and capabilities for service, professional life, and leadership in its students. Historically, the college has been committed to the education of young women in a residential setting. However, it now also educates both women and men through its continuing studies program and graduate programs in education. The college's community-focused approach to education has proved effective, leading to the flourishing of essential powers in its students.
Official website here: www.salem.edu, www.salemacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars) from Charity Navigator
Salem Academy And College has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. The organization scores exceptionally well in various categories, particularly in having a fully independent board and robust oversight mechanisms. With a program expense ratio of 74%, the majority of its expenses are directed towards programs, emphasizing its commitment to fulfilling its mission.
The organization also demonstrates strong governance practices, with policies in place for conflict of interest, whistleblower protections, and document retention. Its financial statements are rigorously audited, contributing to the transparency that stakeholders expect from a nonprofit. Additionally, the absence of material diversion of assets further solidifies trust in the organization’s financial integrity.
Despite its strengths, it's important for supporters to remain informed about the ongoing activities and initiatives of Salem Academy And College. Continuous engagement and transparency will be crucial in maintaining its positive reputation and ensuring long-term sustainability in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Academy And College legitimate?
Salem Academy And College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Academy And College 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: $1,243,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,624,375
For more financial information, click here
Official website here: www.salem.edu, www.salemacademy.com
What is the mission statement of Salem Academy And College?
Salem Academy and College is an independent institution dedicated to the liberal arts and quality professional preparation. Rooted in its founding by the Moravian Church in 1772 as a school for girls, the college aims to foster students' human faculties and their potential for service, professional life, and leadership. The college's historical evolution led it to affirm its commitment to young women, resulting in its educational offerings for both women and men through its continuing studies program and graduate programs in education. Salem Academy and College nurtures its students in a residential setting, promoting their intellectual growth and personal development.
Official website here: www.salem.edu, www.salemacademy.com
Who is the CEO of Salem Academy And College?
Dr Summer Mcgee is the President of Salem Academy And College.
Official website here: www.salem.edu, www.salemacademy.com
What is the revenue of Salem Academy And College?
Salem Academy And College's revenue in 2022 was $38,128,049.
Official website here: www.salem.edu, www.salemacademy.com
Who are the executives of Salem Academy And College and what are their salaries?
The average compensation at Salem Academy And College during 2022 was $24,099. There are 368 employees and 84 volunteers at Salem Academy And College.
Here are 30 key members and their salaries:
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Official website here: www.salem.edu, www.salemacademy.com
Where can I find the form 990 for Salem Academy And College?
Salem Academy And College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salem.edu, www.salemacademy.com
Learn more at the official website: www.salem.edu, www.salemacademy.com
Mission Statement of Salem Academy And College
Salem Academy and College, a renowned educational institution committed to the liberal arts and quality professional preparation, is deeply rooted in encouraging students to recognize and strengthen their human faculties and capacities for service, professional life, and leadership. Established by the Moravian Church in 1772 as a school for girls, Salem Academy and College seeks to leave a lasting impact on its students in a residential setting.
The college's mission, grounded in historical evidence that such talents thrive when women live and learn in a community dedicated to their education, is geared towards educating young women, as well as men, through its continuing studies program and graduate programs in education. Salem Academy and College's residential setting is a testament to its unwavering belief in the transformative power of education, particularly for women.
With around 347 full-time college students, 60 full-time high school students, and 96 part-time continuing education students, Salem Academy and College is an inclusive institution that offers a nurturing and stimulating environment for personal and academic growth. It empowers students to develop their unique talents and discover their purpose, making a significant contribution to their professional lives and leadership capabilities.
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Impact
October, 2024
Salem Academy and College significantly impacts the educational landscape and the community through its commitment to the liberal arts and professional preparation. Founded in 1772 with a mission to empower young women, the institution fosters an environment where students can nurture their intellectual, personal, and civic abilities. By encouraging students to recognize and develop their capacity for leadership and service, Salem cultivates a strong sense of community and purpose among its learners.
The college serves a diverse population, comprising approximately 347 full-time college students, 60 high school students, and 96 part-time continuing education students. This blend of educational offerings ensures that Salem not only upholds its historical commitment to women's education but also extends its resources to men through continuing studies and graduate programs in education. This dual focus promotes inclusivity and access to quality education for all.
Set in Winston-Salem, NC, Salem Academy and College plays a crucial role in the local and broader educational ecosystem by fostering critical thinking, leadership skills, and a commitment to service among its students. The institution’s emphasis on a residential learning experience provides a unique environment where collaboration and personal growth thrive, ultimately shaping well-rounded individuals who are prepared to make meaningful contributions to society.
This information is meant to be a general summary of Salem Academy And College. 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.
- Investment Income: $7,326,901
- Program Service Revenue: $10,430,177
- Gross Receipts: $38,179,398
Assets and Liabilities:
- Total Assets: $103,796,361
- Total Liabilities: $17,455,085
- Net Assets: $86,341,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$10,430,177
Organization Details
Founding Year
1772
Phone
(336) 917-5764Principal Officer
Dr Summer Mcgee
Main Address
601 S CHURCH ST, WINSTONSALEM, NC, 27101
NTEE Category
Code: B420 - Education
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