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Nonprofit · EIN 54-1253003

SALEM EDUCATION FOUNDATION

Tax-exempt · SALEM, VA 24153

Financials

$288K$226K2023$432K$251K2024$846K$276K2025
Revenue Expenses · by fiscal year end
Financials of SALEM EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$845,700$275,555$570,145$6,643,763$0$6,643,763
December 31, 2024990$431,926$250,796$181,130$5,818,525$0$5,818,525
December 31, 2023990$287,998$225,715$62,283$5,301,948$0$5,301,948
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$448,880
Program service revenue
$0
Investment income
$396,820
Net gain from sales of assets
$230,577
Tax-exempt bond proceeds
$470
Other revenue
$0

Expenses

Grants and similar amounts paid
$216,809
Compensation of officers, directors and key employees
$6,750
Salaries, compensation and benefits (total)
$6,750
Professional fundraising fees
$0
Accounting fees
$15,334
Program services (functional)
$216,809
Management and general (functional)
$58,746

Balance sheet and other

Total assets, start of year
$5,818,525
Total assets, end of year
$6,643,763
Total liabilities, end of year
$0
Net assets, end of year
$6,643,763
Gross receipts
$1,316,295
Employees
0
Volunteers
0
Year formed
1983
State of legal domicile
VA

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JENNY PARRISHDIRECTOR & SECRETARY
Trustee or director, Officer
5$6,750
THOMAS M MCDONALD IIIDIRECTOR, PRESIDENT
Trustee or director, Officer
8$0
MG JAMES ARCHERDIRECTOR & VICE PRESIDENT
Trustee or director, Officer
0.1$0
JAMES A ROBERTSONDIRECTOR & TREASURER
Trustee or director, Officer
10$0
RICHARD HEDLEYDIRECTOR
Trustee or director
0.1$0
WAYNE ATKINSDIRECTOR
Trustee or director
0.1$0
TOMMY BARBERDIRECTOR
Trustee or director
0.1$0
STEPHEN JANOFCHKADIRECTOR
Trustee or director
0.1$0
KELLEY LINKENHOKERDIRECTOR
Trustee or director
0.1$0
MATT POLLARDDIRECTOR
Trustee or director
0.1$0
ABBY COLEMANDIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
JENNY PARRISHDIRECTOR & SECRETARY
Trustee or director, Officer
5$6,000
THOMAS M MCDONALD IIIDIRECTOR, PRESIDENT
Trustee or director, Officer
8$0
MG JAMES ARCHERDIRECTOR & VICE PRESIDENT
Trustee or director, Officer
0.1$0
JAMES A ROBERTSONDIRECTOR & TREASURER
Trustee or director, Officer
10$0
RICHARD HEDLEYDIRECTOR
Trustee or director
0.1$0
WAYNE ATKINSDIRECTOR
Trustee or director
0.1$0
MARGARET HUMPHREYSDIRECTOR
Trustee or director
0.1$0
TOMMY BARBERDIRECTOR
Trustee or director
0.1$0
TERESA SIZEMORE-HERANDEZDIRECTOR
Trustee or director
0.1$0
JAMIE SOLTICEDIRECTOR
Trustee or director
0.1$0
STEPHEN JANOFCHKADIRECTOR
Trustee or director
0.1$0
KELLEY LINKENHOKERDIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
JENNY PARRISHDIRECTOR & SECRETARY
Trustee or director, Officer
5$6,000
WAYNE ATKINSDIRECTOR
Trustee or director
0.1$0
MG JAMES ARCHERDIRECTOR & VICE PRESIDENT
Trustee or director, Officer
0.1$0
THOMAS M MCDONALD IIIDIRECTOR, PRESIDENT
Trustee or director, Officer
8$0
JAMES A ROBERTSONDIRECTOR & TREASURER
Trustee or director, Officer
10$0
RICHARD HEDLEYDIRECTOR
Trustee or director
0.1$0
MARGARET HUMPHREYSDIRECTOR
Trustee or director
0.1$0
TOMMY BARBERDIRECTOR
Trustee or director
0.1$0
TERESA SIZEMORE-HERANDEZDIRECTOR
Trustee or director
0.1$0
JAMIE SOLTICEDIRECTOR
Trustee or director
0.1$0
KELLEY LINKENHOKERDIRECTOR
Trustee or director
0.1$0
STEPHEN JANOFCHKADIRECTOR
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
PO BOX 1461, SALEM, VA 24153-0010
Principal officer (990 for 2025)
THOMAS M MCDONALD III, 425 N BROAD STREET, SALEM, VA 24153
Signed the 990
THOMAS M MCDONALD III, PRESIDENT
Phone
(540) 389-6021
Return prepared by
BROWN EDWARDS & COMPANY LLP

Mission

DEVELOP ENDOWMENTS WITH CONTRIBUTIONS FROM GRADUATES OF SALEM HIGH SCHOOL AND OTHER INTERESTED PARTIES; ENCOURAGE SALEM HIGH SCHOOL GRADUATES TO CONTINUE THEIR EDUCATIONS BY PROVIDING SCHOLARSHIPS; CREATE AN ALUMNI HALL OF FAME TO RECOGNIZE SALEM HIGH SCHOOL GRADUATES'OUTSTANDING ACHIEVEMENTS; PROMOTE THE PRINCIPLES OF GOOD CITIZENSHIP; ENCOURAGE SERVICE-MINDED PEOPLE TO SERVE THEIR COMMUNITY WITHOUT PERSONAL FINANCIAL REWARD.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS OF SALEM HIGH SCHOOL SALEM, VIRGINIA
    Expenses $216,809 · grants $216,809 · revenue $448,880

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-1253003
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B84Z)
Assets (IRS master file)
$6,643,763
Income (IRS master file)
$1,316,295

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$845,700$275,555$6,643,763IRS
990December 2024$431,926$250,796$5,818,525IRS
990December 2023$287,998$225,715$5,301,948XML
990December 2022$302,441$231,354$4,900,844IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 54-1253003).

Questions about SALEM EDUCATION FOUNDATION

What is the EIN of SALEM EDUCATION FOUNDATION?
The employer identification number (EIN) of SALEM EDUCATION FOUNDATION is 54-1253003.
Is SALEM EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to SALEM EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SALEM EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SALEM EDUCATION FOUNDATION 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 EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of SALEM EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2025 names THOMAS M MCDONALD III.
Who are the officers and directors of SALEM EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $6,750 (JENNY PARRISH, DIRECTOR & SECRETARY).
How much revenue does SALEM EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $845,700, expenses of $275,555 and total assets of $6,643,763 at year end.

Other nonprofits in SALEM

All nonprofits in SALEM · Virginia · Education