Overview
What is Old Salem Inc?
Old Salem Inc, located at 600 S Main Street, Winston-Salem, NC 27101, is a nonprofit organization dedicated to preserving and interpreting the history and material culture of the Early American South, specifically the Moravian town of Salem. Their activities encompass educational tours, special events, and museum programs, all designed for educational purposes. With a workforce of 117 individuals, Old Salem Inc aims to provide insight into the past, fostering a deeper understanding of the early American South's history and traditions.
Official website here: www.oldsalem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Old Salem Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization achieved a perfect score in various metrics, indicating a high level of transparency and effective governance. Notably, it has an independent board of 30 members, all of whom are fully independent, which enhances its credibility and operational integrity.
The organization demonstrates excellent financial health, with a very low liabilities to assets ratio of 1.39% and a robust program expense ratio of 80.48%. This suggests that a significant portion of its resources is directed towards its mission-driven programs rather than administrative costs. Additionally, the presence of comprehensive policies related to conflict of interest, whistleblower protections, and document retention further underscores its dedication to ethical management practices.
While the rating highlights many organizational strengths, there are no specific limitations noted in the available data. Overall, Old Salem Inc stands out as a well-managed nonprofit with a clear focus on transparency and program impact, making it a trustworthy choice for donors and stakeholders alike.
This AI summary has been generated from information found on Charity Navigator.
Is Old Salem Inc legitimate?
Old Salem Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old 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: $238,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,125,980
For more financial information, click here
Official website here: www.oldsalem.org
What is the mission statement of Old Salem Inc?
Old Salem Inc's mission is centered around preserving and interpreting the historical and material culture of the early American South, specifically focusing on the Moravian town of Salem. Their activities aim to educate the public through various means, such as interpretive tours, special events, and museum classroom programs. Their goal is to provide a deep understanding of this significant period in American history.
Official website here: www.oldsalem.org
Who is the CEO of Old Salem Inc?
Terry Taylor is the President/Ce of Old Salem Inc.
Official website here: www.oldsalem.org
What is the revenue of Old Salem Inc?
Old Salem Inc's revenue in 2022 was $6,551,134.
Official website here: www.oldsalem.org
Who are the executives of Old Salem Inc and what are their salaries?
The average compensation at Old Salem Inc during 2022 was $20,213. There are 117 employees and 19 volunteers at Old Salem Inc.
Here are 25 key members and their salaries:
- Compensation: $119,820
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- Other: $2,523
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Official website here: www.oldsalem.org
Where can I find the form 990 for Old Salem Inc?
Old Salem Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldsalem.org
Learn more at the official website: www.oldsalem.org
Mission Statement of Old Salem Inc
Old Salem Inc, as a nonprofit organization, is dedicated to the preservation and interpretation of the history and material culture of the Early American South, specifically focusing on the Moravian town of Salem. Their mission is to safeguard the rich heritage of this period, ensuring that future generations can appreciate and learn from it. Through various educational programs, Old Salem Inc offers interpretive tours, special events, and museum classes, all aimed at educating individuals about this fascinating era. These initiatives not only provide valuable insights into the past but also foster a deeper understanding of the human experience during this time. By preserving and interpreting the history and material culture of the Early American South, Old Salem Inc plays a vital role in promoting cultural awareness and historical consciousness.
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Impact
July, 2024
Old Salem Inc's impact lies in its preservation and interpretation of the history and material culture of the early American South and the Moravian town of Salem. Through educational programs, interpretive tours, special events, and museum class programs, Old Salem Inc provides valuable insights into this historical period for educational purposes. By focusing on the arts and heritage of this region, Old Salem Inc contributes to a deeper understanding and appreciation of our shared past.
This information is meant to be a general summary of Old 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.
- Investment Income: $3,512,640
- Program Service Revenue: $660,727
- Gross Receipts: $8,084,343
Assets and Liabilities:
- Total Assets: $66,335,974
- Total Liabilities: $1,002,707
- Net Assets: $65,333,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$521,020
MUSEUM CLASSES
Revenue
$139,707
Organization Details
Founding Year
1950
Phone
(336) 721-7300Principal Officer
Terry Taylor
Main Address
600 S MAIN STREET, WINSTONSALEM, NC, 27101
Website
www.oldsalem.orgNTEE Category
Code: A540 - Arts
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