Nonprofit · EIN 93-0272945
SALEM ELECTRIC
Tax-exempt · SALEM, OR 97304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $34,761,875 | $34,761,875 | $0 | $81,469,280 | $18,381,657 | $63,087,623 |
| December 31, 2024 | 990 | $34,376,147 | $34,376,147 | $0 | $81,232,273 | $18,414,307 | $62,817,966 |
| December 31, 2023 | 990 | $34,024,045 | $34,024,045 | $0 | $78,984,400 | $18,300,479 | $60,683,921 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $34,253,107
- Investment income
- $508,768
- Net gain from sales of assets
- -$14,883
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $239,918
- Benefits paid to members
- $3,289,080
- Compensation of officers, directors and key employees
- $1,123,320
- Salaries, compensation and benefits (total)
- $2,498,945
- Professional fundraising fees
- $0
- Legal fees
- $3,817
- Accounting fees
- $41,449
- Occupancy
- $210,815
- Travel
- $196,092
- Depreciation
- $3,253,088
Balance sheet and other
- Total assets, start of year
- $81,232,273
- Total assets, end of year
- $81,469,280
- Total liabilities, end of year
- $18,381,657
- Net assets, end of year
- $63,087,623
- Land, buildings and equipment
- $60,382,141
- Gross receipts
- $34,776,758
- Employees
- 51
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- OR
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 |
|---|---|---|---|---|
| Anthony Schacher | General Manager Officer | 40 | $347,254 | $75,761 |
| Jonathan Phillips | Engineering and Operations Manager Key employee | 40 | $260,661 | $63,355 |
| Christopher Krieck | Administrative Services Manager Officer | 40 | $249,875 | $63,781 |
| Michael Richman | Information Technology Manager Highest-paid employee | 40 | $234,456 | $61,813 |
| Brian Aicher | Line Superintendent Highest-paid employee | 40 | $231,145 | $50,306 |
| Zachary Dillingham | Foreman Highest-paid employee | 40 | $213,570 | $58,703 |
| Darin Jacobsen | Meter Apparatus Tech Lead II Highest-paid employee | 40 | $219,944 | $51,190 |
| Jacob Knudsen | Member Services Manager Highest-paid employee | 40 | $209,949 | $50,382 |
| Jeff Anderson | Secretary/Treasurer Trustee or director, Officer | 7 | $13,303 | $0 |
| Joe Van Meter | Director Trustee or director | 7 | $12,755 | $0 |
| Dave Bauer | President Trustee or director, Officer | 4 | $8,565 | $0 |
| Tim Klarr | Vice President Trustee or director, Officer | 3 | $7,306 | $0 |
| John Taylor | Director Trustee or director | 3 | $7,085 | $0 |
| Jan Bargen | Director Trustee or director | 3 | $7,064 | $0 |
| Angie Villery | Director Trustee or director | 3 | $6,556 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anthony Schacher | General Manager Officer | 40 | $329,977 | $71,766 |
| Jonathan Phillips | Engineering and Operations Manager Key employee | 40 | $252,331 | $61,446 |
| Christopher Krieck | Administrative Services Manager Officer | 40 | $231,425 | $60,255 |
| Eric Weekly | Foreman Highest-paid employee | 40 | $225,717 | $51,494 |
| Michael Richman | Information Technology Manager Highest-paid employee | 40 | $211,651 | $57,311 |
| Zachary Dillingham | Foreman Highest-paid employee | 40 | $199,923 | $55,883 |
| Darin Jacobsen | Meter Apparatus Tech Lead II Highest-paid employee | 40 | $206,398 | $40,715 |
| Brian Aicher | Line Superintendent Highest-paid employee | 40 | $199,864 | $45,146 |
| Jeff Anderson | President Trustee or director, Officer | 6 | $12,178 | $0 |
| Dave Bauer | Secretary/Treasurer Trustee or director, Officer | 4 | $9,013 | $0 |
| Tim Klarr | Director Trustee or director | 3 | $7,683 | $0 |
| Jan Bargen | Director Trustee or director | 3 | $7,675 | $0 |
| Joe Van Meter | Director Trustee or director | 4 | $7,620 | $0 |
| John Taylor | Director Trustee or director | 3 | $6,805 | $0 |
| Angie Villery | Vice President Trustee or director, Officer | 2 | $4,653 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anthony Schacher | General Manager Officer | 40 | $318,557 | $70,249 |
| Jonathan Phillips | Engineering and Operations Manager Key employee | 40 | $225,857 | $58,475 |
| Michael Richman | Information Technology Manager Highest-paid employee | 40 | $213,140 | $57,316 |
| Christopher Krieck | Administrative Services Manager Officer | 40 | $212,091 | $56,764 |
| Adam Deshon | Engineer Highest-paid employee | 40 | $185,643 | $53,079 |
| Darin Jacobsen | Meter Apparatus Tech Lead II Highest-paid employee | 40 | $193,679 | $38,319 |
| Brian Aicher | Line Superintendent Highest-paid employee | 40 | $186,256 | $43,700 |
| Jacob Knudsen | Member Services Manager Highest-paid employee | 40 | $179,426 | $44,585 |
| Jeff Anderson | President Trustee or director | 6 | $11,650 | $0 |
| Tim Klarr | Director Trustee or director | 4 | $8,773 | $0 |
| Jan Bargen | Director Trustee or director | 4 | $8,315 | $0 |
| Dave Bauer | Secretary/Treasurer Trustee or director | 4 | $7,503 | $0 |
| Joe Van Meter | Director Trustee or director | 3 | $7,333 | $0 |
| John Taylor | Director Trustee or director | 4 | $5,425 | $0 |
| Angie Villery | Vice President Trustee or director | 2 | $4,135 | $0 |
| Cindy Gruber-Condon | Director Trustee or director | 0 | $1,795 | $0 |
Address and contacts
- Address (IRS master file)
- 633 7TH ST NW, SALEM, OR 97304-3802
- Principal officer (990 for 2025)
- Anthony Schacher, 633 7th St NW, Salem, OR 97304
- Signed the 990
- Anthony Schacher, General Manager
- Phone
- (503) 362-3601
- Website
- salemelectric.com
Mission
Provide electric service to members. Provide energy conservation incentives, information and equipment to members.
Program accomplishments
- Electric sales - 20,981
- Heat pump program - 86 projects completed. This program helps residential customers install energy efficient heat pump systems in their homes.
- Weatherization program - 38 projects completed. This program helps residential members weatherize their homes.
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
- 93-0272945
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $81,469,280
- Income (IRS master file)
- $34,776,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $34,761,875 | $34,761,875 | $81,469,280 | IRS |
| 990 | December 2024 | $34,376,147 | $34,376,147 | $81,232,273 | IRS |
| 990 | December 2023 | $34,024,045 | $34,024,045 | $78,984,400 | XML |
| 990 | December 2022 | $33,158,579 | $33,158,579 | $74,755,848 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 93-0272945).
Questions about SALEM ELECTRIC
- What is the EIN of SALEM ELECTRIC?
- The employer identification number (EIN) of SALEM ELECTRIC is 93-0272945.
- Is SALEM ELECTRIC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to SALEM ELECTRIC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SALEM ELECTRIC 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 ELECTRIC 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 ELECTRIC 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 ELECTRIC?
- The 990 for the year ended December 31, 2025 names Anthony Schacher.
- Who are the officers and directors of SALEM ELECTRIC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $347,254 (Anthony Schacher, General Manager).
- How much revenue does SALEM ELECTRIC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $34,761,875, expenses of $34,761,875 and total assets of $81,469,280 at year end.
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- VETERANS CARE CENTERS OF OREGON EIN 51-0480478 · last filed 990 for 2025
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