2024-11-14T16:34:49-06:00 2024-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 1903 WRIGHT PLACE 180 CARLSBAD CA 92008 990 2023-07-01 930425880 SALEM ACADEMY SALE 5033781219 942 LANCASTER DRIVE SALEM OR 97301 NATE COOKE BOARD CHAIR 5033781219 2024-11-07 1 1 DEBRA D SMITH CPA P00646873 7604318440 2024-11-07 2023 2024-10-15 13:58:12Z NATE COOKE 942 LANCASTER DRIVE SALEM OR 97301 13908083 0 X WWW.SALEMACADEMY.ORG X 1945 OR TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE TO STUDENTS. 6 6 187 350 0 0 821935 6419336 6991627 6975096 74470 161545 173014 157985 8061046 13713962 1008327 1070193 0 0 4442398 4709418 0 0 86169 1743425 1736731 7194150 7516342 866896 6197620 9202937 15565284 1318481 1218191 7884456 14347093 TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD. 0 0 6975343 1070193 6975096 AS A CHRISTIAN SCHOOL, SALEM ACADEMY HAS A SPECIFIC PHILOSOPHY WHICH IS ROOTED IN ITS ARTICLES OF FAITH, FOUNDED ON THE VIEW THAT THE HOLY BIBLE IS THE ONLY WORD OF GOD. SALEM ACADEMY HAS BEEN EQUIPPING STUDENTS TO KNOW AND SERVE GOD THROUGH AN EXCELLENT EDUCATION FROM A BIBLICAL PERSPECTIVE FOR OVER 75 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12. 6975343 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 187 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OR X SALEM ACADEMY 5033781219 942 LANCASTER DRIVE SALEM OR 97301 NATE COOKE BOARD CHAIR 10.00 X X 0 0 0 ANGELA WILLIAMS VICE CHAIR 10.00 X X 0 0 0 LORI MUSCUTT SECRETARY 10.00 X X 0 0 0 KEVIN CAMPBELL TREASURER 10.00 X X 0 0 0 JOEL BLOUNT TRUSTEE 5.00 X 0 0 0 AARON IMIG TRUSTEE 5.00 X 0 0 0 TIMOTHY PETERSON SUPERINTENDENT 40.00 X 40692 0 9201 JEFF KLINE DIRECTOR OF FINANCE 40.00 X 85403 0 9283 126095 0 18484 0 0 0 0 0 27495 6391841 6419336 TUITION AND FEES 611710 6154279 6154279 CHILDCARE FEES 611710 321046 321046 PRESCHOOL TUITION 611710 219271 219271 OTHER PROGRAM REVENUE 611710 97537 97537 ASB FEES 611710 92486 92486 90477 90477 6975096 193395 193395 37614 0 37614 37614 37614 119018 150868 -31850 -31850 -31850 130152 27495 43253 86899 86899 33472 0 33472 33472 13713962 6975096 0 319530 1070193 1070193 224836 44860 170277 9699 3711923 3491804 167577 52542 478437 471025 6393 1019 294222 265472 23904 4846 7955 7955 20725 20725 5594 5594 160008 153518 6302 188 31974 31393 528 53 25813 23840 1227 746 141395 136991 4389 15 400828 393550 6614 664 54186 53250 851 85 SUPPLIES 416497 413551 2873 73 REPAIRS AND MAINTENANCE 202084 187850 12490 1744 EDUCATION FEES 177214 177214 0 0 MISCELLANEOUS 37539 22595 14944 0 54919 38237 2187 14495 7516342 6975343 454830 86169 821050 616635 2472120 2642659 15362 2761049 58548 84576 19125 13610 124 2198 10766885 6362850 4450039 4404035 1366569 1994110 3046412 9202937 15565284 824902 680349 441410 507670 52169 30172 1318481 1218191 X 7651826 8164830 232630 6182263 7884456 14347093 9202937 15565284 6197620 171395 93622 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 52169 21997 30172 1 X 537964 537964 5918644 3216448 2702196 4165600 3146402 1019198 144677 144677 4404035 US TREASURY BILLS 3046412 F 3046412 X 12979098 171395 143015 26513 340923 12638175 5594 1070193 1075787 13713962 6502198 49393 12250 61643 6440555 5594 1070193 1075787 7516342 PART IV, LINE 2B: THE SCHOOL HOLDS FUNDS FOR VARIOUS ASSOCIATED STUDENT BODIES (ASB). DEPOSITS AND THE RETURN OF FUNDS ARE MADE AT THE ASB'S REQUEST THROUGHOUT THE YEAR. PART X, LINE 2: THE ACADEMY FOLLOWS U.S. GAAP RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATION 26,513. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 1,070,193. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATION 12,250. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 1,070,193. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS LOCATED UNDER THE ADMISSIONS PAGE ON THE WEBSITE. AUCTION 157647 27495 130152 1165 1225 19168 21695 157647 27495 130152 1165 1225 19168 21695 43253 86899 1 FACULTY AND STAFF DISCOUNTS AND SCHOLARSHIPS 122 683465 NEED BASED TUITION DISCOUNTS AND SCHOLARSHIPS 88 194098 OTHER DISCOUNTS, MULTIPLE STUDENT AND FULL PAY 481 192630 PART I, LINE 2: THE SALEM ACADEMY FINANCIAL AID FUND HAS BEEN ESTABLISHED FOR FAMILIES WHO SEEK TO HAVE THEIR CHILDREN AT SALEM ACADEMY, BUT REQUIRE FINANCIAL ASSITANCE TO MAKE THAT POSSIBLE. REQUESTS FOR SCHOLARSHIP ARE TO BE MADE ANNUALLY. PART I, LINE 2 THE SALEM ACADEMY FINANCIAL AID FUND HAS BEEN ESTABLISHED FOR FAMILIES WHO SEEK TO HAVE THEIR CHILDREN AT SALEM ACADEMY, BUT REQUIRE FINANCIAL ASSISTANCE TO MAKE THAT POSSIBLE. REQUESTS FOR SCHOLARSHIP ARE TO BE MADE ANNUALLY. THE FINANCIAL AID APPLICATION IS SUBMITTED THROUGH FACTS GRANT AND AID. THEY REVIEW AND VERIFY THE INFORMATION SUBMITTED PRIOR TO THE APPLICATION BEING PRESENTED TO THE SALEM ACADEMY FINANCIAL AID COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD AND/OR TREASURER REVIEW THE FORM 990 ALONG WITH THE AUDITED FINANCIAL STATEMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT THAT ANY TRUSTEES (I.E. BOARD MEMBERS) ARE CONNECTED WITH OTHER CORPORATIONS WITH WHICH THIS CORPORATION MAY HAVE BUSINESS DEALINGS, NO CONTRACTS OR OTHER CORPORATION SHALL BE AFFECTED BY THE FACT THAT THE TRUSTEES OF THIS CORPORATION ARE INTERESTED IN OR ARE DIRECTORS OR OFFICERS OF SUCH OTHER CORPORATIONS. ANY TRUSTEE INDIVIDUALLY MAY BE A PARTY TO, OR INTERESTED IN, ANY CONTRACT OR TRANSACTION WITH THIS CORPORATION PROVIDED (1) THE "INTEREST" OF THE TRUSTEE IS DISCLOSED TO THE BOARD (2) THE INTERESTED TRUSTEE MAY NOT VOTE IN FAVOR OF THE TRANSACTION ALTHOUGH HIS/HER PRESENCE MAY BE COUNTED TOWARD A QUORUM (3) THE BOARD OR THE EXECUTIVE COMMITTEE APPROVES THE TRANSACTION AT AN ANNUAL, A REGULAR, OR A SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ESTABLISHED COMPENSATION PRACTICES FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SALEM ACADEMY FOUNDATION 942 LANCASTER DRIVE NE SALEM OR 97301 237052987 SOLICITS, MANAGES, DISTRIBUTES FUNDS SOLELY TO SALEM ACADEMY SCHOOL OR 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0