Overview
What is The Salem Foundation?
The Salem Foundation is a nonprofit organization situated in Salem, Oregon. Its primary mission includes receiving, safeguarding, and distributing funds for charitable purposes within its local vicinity. The organization has demonstrated its commitment to the community by making charitable contributions to approximately 90 tax-exempt organizations, with a significant portion of these contributions benefiting organizations located in and around Salem. The Salem Foundation's activities are centered around supporting local charitable initiatives, contributing to the betterment of the community in various ways.
Official website here: www.salemfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Stars .ating.
The Salem Foundation has achieved a commendable 95% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. This rating is derived entirely from its Accountability & Finance score, underscoring the foundation's transparency and responsible governance practices. The organization boasts an independent board with 100% of its members being independent, indicating a strong framework for oversight.
Financially, The Salem Foundation demonstrates robust metrics, including a program expense ratio of 88.20%, meaning a significant portion of its expenses directly supports its mission. Additionally, the foundation has a low liabilities to assets ratio, which signals a healthy financial position. The organization has implemented several policies ensuring ethical operations, such as conflict of interest and whistleblower policies, enhancing its credibility.
However, the foundation's fundraising efficiency score is notably low, indicating that it may not be maximizing its fundraising efforts relative to the amount raised. Despite this limitation, the overall financial health and commitment to accountability make The Salem Foundation a trustworthy organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Salem Foundation legitimate?
The Salem Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salem Foundation 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: $485,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.salemfoundation.org
What is the mission statement of The Salem Foundation?
The Salem Foundation's primary purpose is to collect, secure, and distribute funds for charitable causes. This organization is committed to supporting various charitable endeavors, primarily in its local vicinity. The foundation makes significant contributions to numerous tax-exempt organizations, with the majority of its donations going to organizations within its surrounding area. The Salem Foundation's mission is centered around providing financial aid for charitable initiatives.
Official website here: www.salemfoundation.org
Who is the CEO of The Salem Foundation?
Pioneer Trust Bank Na is the Trustee of The Salem Foundation.
Official website here: www.salemfoundation.org
What is the revenue of The Salem Foundation?
The Salem Foundation's revenue in 2022 was $4,735,987.
Official website here: www.salemfoundation.org
Who are the executives of The Salem Foundation and what are their salaries?
There 5 volunteers at The Salem Foundation.
Here are 6 key members and their salaries:
- Compensation: $485,875
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.salemfoundation.org
Where can I find the form 990 for The Salem Foundation?
The Salem Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemfoundation.org
Learn more at the official website: www.salemfoundation.org
Mission Statement of The Salem Foundation
The Salem Foundation is a nonprofit organization that serves a crucial role in charitable contributions. Its primary purpose is to collect, secure, and distribute funds for benevolent objectives. The organization's mission is centered around channeling resources towards charitable causes, focusing largely on organizations within its vicinity. The majority of its contributions are directed towards local organizations, demonstrating its commitment to supporting the community it serves.
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Impact
July, 2024
The Salem Foundation's impact is significant as it plays a crucial role in receiving, safeguarding, and disbursing funds for charitable purposes primarily in the vicinity of Salem, Oregon. Through its activities, the foundation has made charitable distributions to 90 tax-exempt organizations, with the majority of contributions going to organizations in Salem. This support contributes to the betterment of the community and helps address various social needs in the region.
This information is meant to be a general summary of The Salem Foundation. 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: $1,295,645
- Gross Receipts: $7,225,052
Assets and Liabilities:
- Total Assets: $34,628,460
- Total Liabilities: $304,118
- Net Assets: $34,324,342
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Organization Details
Founding Year
1930
Phone
(503) 363-3136Principal Officer
Pioneer Trust Bank Na
Main Address
C/O PIONEER TRUST BANK PO BOX 2305, SALEM, OR, 97308
Website
www.salemfoundation.orgNTEE Category
Code: T31Z - Philanthropy
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