Nonprofit · EIN 04-3342405
SALEM FIVE CHARITABLE FOUNDATION INC
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,364,651 | $1,178,762 | $1,185,889 | $16,450,912 | $0 | $16,450,912 |
| December 31, 2024 | 990-PF | $1,401,252 | $1,120,808 | $280,444 | $15,265,023 | $0 | $15,265,023 |
| December 31, 2023 | 990-PF | $3,917,754 | $653,700 | $3,264,054 | $14,984,579 | $0 | $14,984,579 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $65,450
- Dividends
- $381,434
- Interest
- $48,174
- Net gain from sales of assets
- $1,869,593
Expenses
- Grants and similar amounts paid
- $1,077,366
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,080,409
- Excise tax on investment income
- $32,289
Balance sheet and other
- Total assets, start of year
- $15,265,023
- Total assets, end of year
- $16,450,912
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,450,912
- Fair market value of assets
- $24,128,457
- Qualifying distributions
- $1,080,409
- Net investment income
- $2,408,073
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PING YIN CHAI 210 ESSEX STREET, SALEM, MA 01970 | PRESIDENT | 1 | $0 |
| DONALD A SADOSKI DMD 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| BRIAN W SHAUGHNESSY 210 ESSEX STREET, SALEM, MA 01970 | CLERK/TREASURER | 1 | $0 |
| DANIEL E CLASBY 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| CATHERINE L OATWAY 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| JOSEPH M GIBBONS 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| PETER C GOURDEAU 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PING YIN CHAI 210 Essex Street, Salem, MA 01970 | PRESIDENT | 1 | $0 |
| DONALD A SADOSKI D M D 210 Essex Street, Salem, MA 01970 | DIRECTOR | 1 | $0 |
| Brian W Shaughnessy 210 Essex Street, Salem, MA 01970 | CLERK/TREASURER | 1 | $0 |
| daniel e clasby 210 Essex Street, Salem, MA 01970 | DIRECTOR | 1 | $0 |
| catherine l oatway 210 Essex Street, Salem, MA 01970 | DIRECTOR | 1 | $0 |
| joseph m gibbons 210 Essex Street, Salem, MA 01970 | DIRECTOR | 1 | $0 |
| Peter C Gourdeau 210 Essex Street, Salem, MA 01970 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PING YIN CHAI 210 ESSEX STREET, SALEM, MA 01970 | PRESIDENT | 1 | $0 |
| DONALD A SADOSKI DMD 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| BRIAN W SHAUGHNESSY 210 ESSEX STREET, SALEM, MA 01970 | CLERK/TREASURER | 1 | $0 |
| DANIEL E CLASBY 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| CATHERINE L OATWAY 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| JOSEPH M GIBBONS 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
| PETER C GOURDEAU 210 ESSEX STREET, SALEM, MA 01970 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 210 ESSEX ST, SALEM, MA 01970-3705
- In care of
- % WILLIAM SMITH
- Signed the 990-PF
- BRIAN W SHAUGHNESSY, TREASURER
- Phone
- (978) 745-5555
- Return prepared by
- WOLF & COMPANY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3342405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $16,450,912
- Income (IRS master file)
- $5,078,721
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,364,651 | $1,178,762 | $16,450,912 | XML |
| 990-PF | December 2024 | $1,401,252 | $1,120,808 | $15,265,023 | IRS |
| 990-PF | December 2023 | $3,917,754 | $653,700 | $14,984,579 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3342405).
Questions about SALEM FIVE CHARITABLE FOUNDATION INC
- What is the EIN of SALEM FIVE CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of SALEM FIVE CHARITABLE FOUNDATION INC is 04-3342405.
- Is SALEM FIVE CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to SALEM FIVE CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SALEM FIVE CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SALEM FIVE CHARITABLE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SALEM FIVE CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SALEM FIVE CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does SALEM FIVE CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,364,651, expenses of $1,178,762 and total assets of $16,450,912 at year end.
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