Nonprofit · EIN 56-0587289
OLD SALEM INCORPORATED
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,023,558 | $6,166,900 | -$143,342 | $78,197,865 | $1,551,940 | $76,645,925 |
| December 31, 2024 | 990 | $7,683,432 | $6,391,535 | $1,291,897 | $73,818,193 | $1,863,643 | $71,954,550 |
| December 31, 2023 | 990 | $7,060,262 | $6,101,907 | $958,355 | $69,957,134 | $972,570 | $68,984,564 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,368,829
- of which government grants
- $536,863
- Program service revenue
- $952,402
- Investment income
- $1,978,335
- Royalties
- $197
- Net rental income
- $35,337
- Net gain from sales of assets
- $520,070
- Net income from fundraising events
- -$30,664
- Net income from sales of inventory
- $713,109
- Other revenue
- $723,992
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $140,076
- Other salaries and wages
- $2,956,594
- Salaries, compensation and benefits (total)
- $3,658,958
- Professional fundraising fees
- $0
- Legal fees
- $7,057
- Accounting fees
- $45,000
- Occupancy
- $342,109
- Travel
- $72,108
- Depreciation
- $545,290
- Program services (functional)
- $5,127,952
- Management and general (functional)
- $630,515
- Fundraising (functional)
- $408,433
Balance sheet and other
- Total assets, start of year
- $73,818,193
- Total assets, end of year
- $78,197,865
- Total liabilities, end of year
- $1,551,940
- Net assets, end of year
- $76,645,925
- Land, buildings and equipment
- $8,832,043
- Publicly traded securities
- $44,416,285
- Net assets without donor restrictions
- $29,471,577
- Net assets with donor restrictions
- $47,174,348
- Gross receipts
- $6,312,038
- Employees
- 129
- Volunteers
- 42
- Year formed
- 1950
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY TAYLOR | PRESIDENT/CE Officer | 40 | $134,853 | $5,223 |
| BARRY R SIDDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANNE L LANTRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EDWARD G HILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR THOMAS H SEARS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLETCHER P WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEGGY C CARTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER L DUVALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIANA FALK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR TORREN GATSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM T GOSSETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS C HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE KEEVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRADLEY S PARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERICK W VAUGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR EUGENE W ADCOCK | TRUSTEE Trustee or director | 1 | $0 |
| G WILLIAM JOYNER III | TRUSTEE Trustee or director | 1 | $0 |
| TRENT JERNIGAN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM E HOLLAN III | TRUSTEE Trustee or director | 1 | $0 |
| JUNE LUCAS | TRUSTEE Trustee or director | 1 | $0 |
| JOHN CASE | EX OFFICIO Trustee or director | 1 | $0 |
| DR GARY DAYNES | EX OFFICIO Trustee or director | 1 | $0 |
| DAVID BARRY SELF | EX OFFICIO Trustee or director | 1 | $0 |
| MARY TRIBBLE BEG MARCH 2025 | EX OFFICIO Trustee or director | 1 | $0 |
| KAREN WALTERS END MARCH 2025 | EX OFFICIO Trustee or director | 1 | $0 |
| KARL W KAPP | EX OFFICIO Trustee or director | 1 | $0 |
| DAVID W SHORE | CHAIR Trustee or director, Officer | 1 | $0 |
| CYNTHIA SKAAR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| S HAYES WAUFORD JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILLIAM C MARINER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID WHARTON | PAST CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY TAYLOR | PRESIDENT/CE Officer | 40 | $133,821 | $6,627 |
| BARRY R SIDDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CYTHIA SKAAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANNE L LANTRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EDWARD G HILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR THOMAS H SEARS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY A LEIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLETCHER P WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEGGY C CARTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER L DUVALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIANA FALK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR TORREN GATSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM T GOSSETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS C HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE KEEVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRADLEY S PARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERICK W VAUGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHERYL BLACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER P CARACCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EUGENE W ADCOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| G WILLIAM JOYNER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRENT JERNIGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUNE LUCAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| F SHEFFIELD HALE | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DR SUMMER MCGEE | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| JOHNNIE PEARSON | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| KAREN WALTER | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| KARL W KAPP | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DAVID WHARTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID W SHORE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| S HAYES WAUFORD JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM E HOLLAN III | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY TAYLOR | PRESIDENT/CE Officer | 40 | $134,434 | $6,580 |
| TRENT JERNIGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUNE LUCAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM E HOLLAN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY A LEIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES E MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR THOMAS H SEARS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID W SHORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLETCHER P WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EUGENE W ADCOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHERYL BLACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EDWARD G HILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEGGY C CARTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER L DUVALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIANA FALK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR TORREN GATSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM T GOSSETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOMMY C HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| G WILLIAM JOYNER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE KEEVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRADLEY S PARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERICK W VAUGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| F SHEFFIELD HALE | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| SUMMER MCGEE | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| JOHNNIE PEARSON | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DOUGLAS WILLIAMS | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| KARL W KAPP | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DAVID WHARTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER P CARACCI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| S HAYES WAUFORD JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM C MARINER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 S MAIN ST, WINSTON SALEM, NC 27101-5329
- Principal officer (990 for 2025)
- TERRY TAYLOR, 600 S MAIN STREET, WINSTONSALEM, NC 27101
- Signed the 990
- TERRY TAYLOR, PRESIDENT/CEO
- Phone
- (336) 721-7300
- Website
- WWW.OLDSALEM.ORG
- Return prepared by
- BUTLER BURKE LLP
Mission
THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM.
Program accomplishments
- EDUCATIONAL PROGRAM: INTERPRETIVE TOURS, SPECIAL EVENTS AND MUSEUM CLASS PROGRAMS ARE HELD FOR EDUCATIONAL PURPOSES.Expenses $2,315,750 · revenue $752,135
- HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC.Expenses $1,205,904 · revenue $391,666
- MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS.Expenses $1,606,298 · revenue $521,710
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0587289
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $78,197,865
- Income (IRS master file)
- $6,312,038
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,023,558 | $6,166,900 | $78,197,865 | XML |
| 990 | December 2024 | $7,683,432 | $6,391,535 | $73,818,193 | XML |
| 990 | December 2023 | $7,060,262 | $6,101,907 | $69,957,134 | XML |
| 990 | December 2022 | $6,551,134 | $5,253,741 | $66,335,974 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 56-0587289).
Questions about OLD SALEM INCORPORATED
- What is the EIN of OLD SALEM INCORPORATED?
- The employer identification number (EIN) of OLD SALEM INCORPORATED is 56-0587289.
- Is OLD SALEM INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to OLD SALEM INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD SALEM INCORPORATED 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 OLD SALEM INCORPORATED 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 OLD SALEM INCORPORATED 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 OLD SALEM INCORPORATED?
- The 990 for the year ended December 31, 2025 names TERRY TAYLOR.
- Who are the officers and directors of OLD SALEM INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 31 people; 1 received compensation from the organization, the highest $134,853 (TERRY TAYLOR, PRESIDENT/CE).
- How much revenue does OLD SALEM INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,023,558, expenses of $6,166,900 and total assets of $78,197,865 at year end.
Other nonprofits in WINSTON SALEM
- REYNOLDA HOUSE INC EIN 56-0810676 · last filed 990 for 2025
- KALEIDEUM EIN 56-0815746 · last filed 990 for 2025
- WINSTON SALEM SYMPHONY ASSOC EIN 56-0692826 · last filed 990 for 2025
- THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION EIN 85-1824885 · last filed 990 for 2025
- THE SAWTOOTH SCHOOL FOR VISUAL ART EIN 56-0596516 · last filed 990 for 2025
- SECCA FOUNDATION EIN 56-0656890 · last filed 990 for 2023
- DOWNTOWN WINSTON-SALEM COMMUNITY CINEMA EIN 81-3111992 · last filed 990 for 2024
- NORTH CAROLINA BLACK REPERTORY COMPANY INC EIN 58-1518704 · last filed 990 for 2025
All nonprofits in WINSTON SALEM · North Carolina · Arts, culture and humanities