Nonprofit · EIN 56-0530005
SALEM ACADEMY & COLLEGE
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $32,951,649 | $35,724,749 | -$2,773,100 | $113,423,987 | $23,198,623 | $90,225,364 |
| June 30, 2024 | 990 | $38,903,233 | $33,341,491 | $5,561,742 | $110,111,288 | $20,751,996 | $89,359,292 |
| June 30, 2023 | 990 | $26,737,424 | $30,327,637 | -$3,590,213 | $104,896,332 | $18,649,077 | $86,247,255 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,197,048
- of which government grants
- $258,437
- Program service revenue
- $15,850,694
- Investment income
- $2,347,439
- Net rental income
- $45,090
- Net gain from sales of assets
- $1,856,859
- Other revenue
- $4,556,468
Expenses
- Grants and similar amounts paid
- $10,463,098
- Compensation of officers, directors and key employees
- $1,486,380
- Other salaries and wages
- $9,049,376
- Salaries, compensation and benefits (total)
- $12,493,108
- Professional fundraising fees
- $0
- Legal fees
- $38,850
- Accounting fees
- $107,016
- Occupancy
- $1,441,912
- Travel
- $361,462
- Depreciation
- $1,475,567
- Program services (functional)
- $24,393,843
- Management and general (functional)
- $10,077,268
- Fundraising (functional)
- $1,253,638
Balance sheet and other
- Total assets, start of year
- $110,111,288
- Total assets, end of year
- $113,423,987
- Total liabilities, end of year
- $23,198,623
- Net assets, end of year
- $90,225,364
- Land, buildings and equipment
- $26,349,040
- Publicly traded securities
- $43,015,254
- Net assets without donor restrictions
- $4,609,530
- Net assets with donor restrictions
- $85,615,834
- Gross unrelated business income
- -$847
- Gross receipts
- $32,951,649
- Employees
- 430
- Volunteers
- 17
- Year formed
- 1772
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUMMER MCGEE | PRESIDENT Officer | 50 | $297,415 | $28,815 |
| DAVID BROWNING | VP FINANCE/CFO Officer | 50 | $184,831 | $11,007 |
| JANAE JOYNER | CHIEF OF STAFF Highest-paid employee | 50 | $164,371 | $10,377 |
| BRETT WOODS | VP FOR ACADEMIC AFFAIRS Officer | 50 | $148,665 | $9,802 |
| KATHRYN BARNES | VP OF INSTITUTIONAL ADVANCEMENT Officer | 50 | $139,733 | $10,607 |
| TINA KRAMER | EXECUTIVE DIRECTOR OF OPERATIONS Highest-paid employee | 50 | $120,629 | $9,876 |
| SCOTT MORIN | ASST VP OF FINANCE & CONTROLLER Highest-paid employee | 50 | $114,623 | $9,486 |
| GLENN MCGEE | ADMISSIONS DIRECTOR Highest-paid employee | 50 | $113,550 | $10,488 |
| MEAGAN COUGHLIN | EXECUTIVE DIRECTOR OF MARKETING & COMM Highest-paid employee | 50 | $112,769 | $9,159 |
| KRIS SORRELLS | HEAD OF ACADEMY Officer | 50 | $107,267 | $9,751 |
| DR PATRICE DAVIS | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| DR JOHN MCCONNELL | BOARD VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| BROOKE SMITH | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SALLIE BEASON | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JULIA ARCHER | TRUSTEE Trustee or director | 5 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH BAIRD | TRUSTEE Trustee or director | 5 | $0 |
| BOB BAKER | TRUSTEE Trustee or director | 5 | $0 |
| SARAH BERGA | TRUSTEE Trustee or director | 5 | $0 |
| AKESHIA CRAVEN-HOWELL | TRUSTEE Trustee or director | 5 | $0 |
| LINDA DARDEN | TRUSTEE Trustee or director | 5 | $0 |
| PAMELA FOX | TRUSTEE Trustee or director | 5 | $0 |
| BETH GIANOPULOS | TRUSTEE Trustee or director | 5 | $0 |
| INA BLACKMORE | TRUSTEE Trustee or director | 5 | $0 |
| PAUL KIRCHGRABER | TRUSTEE Trustee or director | 5 | $0 |
| KATHERINE HOLLAND-ORTIZ | TRUSTEE Trustee or director | 5 | $0 |
| DR BRANDY NELSON | TRUSTEE Trustee or director | 5 | $0 |
| BARBARA RIMER | TRUSTEE Trustee or director | 5 | $0 |
| ANNE SALISBURY | TRUSTEE Trustee or director | 5 | $0 |
| SYDNEY TAYLOR | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUMMER MCGEE | PRESIDENT Officer | 50 | $251,501 | $38,817 |
| DAVID BROWNING | VP FINANCE/CFO Officer | 50 | $185,947 | $11,813 |
| JOHN DAYNES | CHIEF ENROLLMENT OFFICER Highest-paid employee | 50 | $162,411 | $8,037 |
| DALE SANDERS | PROFESSOR OF HEALTH & BUSINESS ADMINISTRATION Highest-paid employee | 50 | $142,692 | $7,921 |
| KATHRYN BARNES | VP OF INSTITUTIONAL DEVELOPMENT Officer | 50 | $130,235 | $8,358 |
| JENNA SHEFFIELD | ASSOCIATE VP FOR ACADEMIC AFFAIRS Highest-paid employee | 50 | $113,521 | $13,275 |
| EVANGELIA MAZARIS | VP OF EQUITY, DIVERSITY, AND INCLUSION Highest-paid employee | 50 | $119,622 | $6,197 |
| GLENN MCGEE | ADMISSIONS DIRECTOR Highest-paid employee | 50 | $113,491 | $6,470 |
| KRIS SORRELLS | HEAD OF ACADEMY Officer | 50 | $99,836 | $16,343 |
| BRETT WOODS | VP FOR ACADEMIC AFFAIRS Officer | 50 | $78,486 | $2,740 |
| DR PATRICE DAVIS | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| DR JOHN MCCONNELL | BOARD VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| BROOKE SMITH | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SALLIE BEASON | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MIMI ALEDO-SANDOVAL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JULIA ARCHER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELIZABETH BAIRD | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SARAH BERGA | TRUSTEE Trustee or director | 5 | $0 | $0 |
| AKESHIA CRAVEN-HOWELL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| LINDA DARDEN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELLEN DREW | TRUSTEE Trustee or director | 5 | $0 | $0 |
| TERRIE DAVIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| LOSSIE FREEMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| BETH GIANOPULOS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| INA KAMENZ | TRUSTEE Trustee or director | 5 | $0 | $0 |
| KATHERINE HOLLAND-ORTIZ | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR BRANDY NELSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANNE SALISBURY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SYDNEY TAYLOR | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR EILEEN WILSON-OYELARAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR SUMMER MCGEE | PRESIDENT Officer | 50 | $252,218 | $38,601 |
| JAMES MCCOY | VP ENROLLMENT Highest-paid employee | 50 | $186,618 | $36,000 |
| DAVID BROWNING | VP FINANCE/CFO Officer | 50 | $170,799 | $11,573 |
| RENEE GARCIA PRAJER | CHIEF OF STAFF Highest-paid employee | 50 | $170,076 | $0 |
| JENNA SHEFFIELD | ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS Highest-paid employee | 50 | $113,548 | $28,276 |
| DR DANIEL PROSTERMAN | FORMER VP ACADEMIC AFFAIRS AND DEAN OF THE COLLEGE Former | 50 | $122,049 | $11,977 |
| KATHRYN BARNES | VP OF INSTITUTIONAL DEVELOPMENT Officer | 50 | $119,909 | $6,977 |
| SCOTT MORIN | ASST. VP OF FINANCE & CONTROLLER Highest-paid employee | 50 | $115,288 | $6,977 |
| GLENN MCGEE | ADMISSIONS DIRECTOR Highest-paid employee | 50 | $113,536 | $8,697 |
| KRIS SORRELLS | HEAD OF ACADEMY Officer | 50 | $96,527 | $15,399 |
| JOHN DAYNES | VP ACADEMIC AFFAIRS AND DEAN OF THE COLLEGE Officer | 50 | $80,405 | $2,676 |
| ELIZABETH BAIRD | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ELLEN DREW | BOARD TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KATIE HOLLAND-ORTIZ | BOARD SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| STRATFORD KIGER | BOARD VICE-CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| AKESHIA CRAVEN-HOWELL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANNE SALISBURY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| BETH GIANOPULOS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| BROOKE SMITH | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR BRANDY NELSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR EILEEN WILSON-OYELARAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR JOHN MCCONNELL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR JUDITH WHITE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DR PATRICE DAVIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| INA KAMENZ | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JULIA ARCHER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| LINDA DARDEN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| LOSSIE FREEMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MIMI ALEDO-SANDOVAL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SALLIE BEASON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SARAH BERGA | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SYDNEY TAYLOR | TRUSTEE Trustee or director | 5 | $0 | $0 |
| TERRIE DAVIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 S CHURCH ST, WINSTON SALEM, NC 27101-5318
- In care of
- % BUSINESS OFFICE
- Mailing address (990-N for 2009)
- 601 S Church Street, Winston Salem NC 27101
- Principal officer (990 for 2024)
- DR GARY DAYNES, 601 S CHURCH ST, WINSTONSALEM, NC 27101
- Principal officer (990-N for 2009)
- Dr Susan Pauley, 601 S Church Street, Winston Salem NC 27101
- Signed the 990
- DAVID BROWNING, VP FINANCE & ADMIN, CFO
- Phone
- (336) 917-5764
- Website
- www.salem.edu
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
SEE SCHEDULE O
Program accomplishments
- SALEM ACADEMY & COLLEGE PROVIDES A COLLEGE EDUCATION TO APPROXIMATELY 386 FULL TIME COLLEGE STUDENTS, A HIGH SCHOOL EDUCATION TO APPROXIMATELY 73 FULL TIME STUDENTS (GRADES 9-12), AND PROVIDES CONTINUING EDUCATION TO APPROXIMATELY 103 PART-TIME STUDENTS THROUGHOUT THE COMMUNITY. THE COLLEGE ALSO PROVIDES ON-CAMPUS FOOD SERVICES AND HOUSING TO APPROXIMATELY 215 STUDENTS WHO MAINTAIN RESIDENCE ON THE CAMPUS OF SALEM COLLEGE, AND 33 STUDENTS WHO MAINTAIN RESIDENCE AT SALEM ACADEMY.Expenses $24,393,843 · grants $10,463,098 · revenue $20,373,235
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0530005
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $113,423,987
- Income (IRS master file)
- $32,951,649
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $32,951,649 | $35,724,749 | $113,423,987 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $38,903,233 | $33,341,491 | $110,111,288 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $26,737,424 | $30,327,637 | $104,896,332 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $38,128,049 | $28,045,179 | $103,796,361 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Dr Susan Pauley | June 30, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-0530005).
Questions about SALEM ACADEMY & COLLEGE
- What is the EIN of SALEM ACADEMY & COLLEGE?
- The employer identification number (EIN) of SALEM ACADEMY & COLLEGE is 56-0530005.
- Is SALEM ACADEMY & COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to SALEM ACADEMY & COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALEM ACADEMY & COLLEGE 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 ACADEMY & COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SALEM ACADEMY & COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SALEM ACADEMY & COLLEGE?
- The 990 for the year ended June 30, 2025 names DR GARY DAYNES.
- Who are the officers and directors of SALEM ACADEMY & COLLEGE?
- The 990 for the year ended June 30, 2025 lists 29 people; 10 received compensation from the organization, the highest $297,415 (SUMMER MCGEE, PRESIDENT).
- How much revenue does SALEM ACADEMY & COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $32,951,649, expenses of $35,724,749 and total assets of $113,423,987 at year end.
Other nonprofits in WINSTON SALEM
- SUMMIT SCHOOL INC EIN 56-0547519 · last filed 990 for 2025
- CAROLINA UNIVERSITY EIN 56-0594591 · last filed 990 for 2025
- WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED EIN 56-0989620 · last filed 990 for 2025
- QUALITY EDUCATION ACADEMY EIN 56-2017872 · last filed 990 for 2025
- SMART START OF FORSYTH COUNTY EIN 56-1899564 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC EIN 56-6064850 · last filed 990 for 2025
- WINSTON-SALEM ACADEMY INC EIN 56-2108610 · last filed 990 for 2025
- CARTER G WOODSON SCHOOL INC EIN 45-2867649 · last filed 990 for 2025
All nonprofits in WINSTON SALEM · North Carolina · Education