Nonprofit · EIN 93-0425880
THE SALEM ACADEMY
Tax-exempt · SALEM, OR 97301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,642,709 | $7,836,635 | $806,074 | $16,413,601 | $1,246,600 | $15,167,001 |
| June 30, 2024 | 990 | $13,713,962 | $7,516,342 | $6,197,620 | $15,565,284 | $1,218,191 | $14,347,093 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $720,170
- Program service revenue
- $7,353,927
- Investment income
- $385,459
- Net rental income
- $41,187
- Net income from fundraising events
- $116,558
- Net income from sales of inventory
- $25,408
- Other revenue
- $183,153
Expenses
- Grants and similar amounts paid
- $1,051,412
- Compensation of officers, directors and key employees
- $210,494
- Other salaries and wages
- $3,971,035
- Salaries, compensation and benefits (total)
- $5,040,758
- Professional fundraising fees
- $0
- Legal fees
- $5,207
- Accounting fees
- $25,975
- Occupancy
- $145,446
- Depreciation
- $345,583
- Program services (functional)
- $7,233,035
- Management and general (functional)
- $509,403
- Fundraising (functional)
- $94,197
Balance sheet and other
- Total assets, start of year
- $15,565,284
- Total assets, end of year
- $16,413,601
- Total liabilities, end of year
- $1,246,600
- Net assets, end of year
- $15,167,001
- Land, buildings and equipment
- $4,571,470
- Publicly traded securities
- $1,202,601
- Net assets without donor restrictions
- $8,974,844
- Net assets with donor restrictions
- $6,192,157
- Gross receipts
- $8,690,941
- Employees
- 185
- Volunteers
- 300
- Year formed
- 1945
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY PETERSON | SUPERINTENDENT Officer | 40 | $109,715 | $10,068 |
| JEFF KLINE | DIRECTOR OF FINANCE Officer | 40 | $89,124 | $10,140 |
| NATE COOKE | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ANGELA WILLIAMS | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CAMPBELL | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| LORI MUSCUTT | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| JAYME FRIDLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| AARON IMIG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JOEL BLOUNT | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF KLINE | DIRECTOR OF FINANCE Officer | 40 | $85,403 | $9,283 |
| TIMOTHY PETERSON | SUPERINTENDENT Officer | 40 | $40,692 | $9,201 |
| NATE COOKE | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ANGELA WILLIAMS | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| LORI MUSCUTT | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CAMPBELL | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| JOEL BLOUNT | TRUSTEE Trustee or director | 5 | $0 | $0 |
| AARON IMIG | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 942 LANCASTER DR NE, SALEM, OR 97301-2931
- In care of
- % SALE
- Principal officer (990 for 2024)
- NATE COOKE, 942 LANCASTER DRIVE, SALEM, OR 97301
- Signed the 990
- NATE COOKE, BOARD CHAIR
- Phone
- (503) 378-1219
- Website
- WWW.SALEMACADEMY.ORG
- Return prepared by
- ALDRICH CPAS AND ADVISORS LLP
Mission
TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD.
Program accomplishments
- AS A CHRISTIAN SCHOOL, SALEM ACADEMY HAS A SPECIFIC PHILOSOPHY WHICH IS ROOTED IN ITS ARTICLES OF FAITH, FOUNDED ON THE VIEW THAT THE HOLY BIBLE IS THE ONLY WORD OF GOD. SALEM ACADEMY HAS BEEN EQUIPPING STUDENTS TO KNOW AND SERVE GOD THROUGH AN EXCELLENT EDUCATION FROM A BIBLICAL PERSPECTIVE FOR OVER 75 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12.Expenses $7,233,035 · grants $1,051,412 · revenue $7,353,927
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
- 93-0425880
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $16,413,601
- Income (IRS master file)
- $8,690,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,642,709 | $7,836,635 | $16,413,601 | IRS |
| 990 | June 2024 | $13,713,962 | $7,516,342 | $15,565,284 | XML |
| 990 | June 2023 | $8,061,046 | $7,194,150 | $9,202,937 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 93-0425880).
Questions about THE SALEM ACADEMY
- What is the EIN of THE SALEM ACADEMY?
- The employer identification number (EIN) of THE SALEM ACADEMY is 93-0425880.
- Is THE SALEM ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to THE SALEM ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SALEM ACADEMY 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 THE SALEM ACADEMY 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 THE SALEM ACADEMY 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 THE SALEM ACADEMY?
- The 990 for the year ended June 30, 2025 names NATE COOKE.
- Who are the officers and directors of THE SALEM ACADEMY?
- The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $109,715 (TIMOTHY PETERSON, SUPERINTENDENT).
- How much revenue does THE SALEM ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,642,709, expenses of $7,836,635 and total assets of $16,413,601 at year end.
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- MARION & POLK EARLY LEARNING HUB INC EIN 46-2454893 · last filed 990 for 2025
- OREGON FAMILY SUPPORT NETWORK INC EIN 93-1114601 · last filed 990 for 2025
- THE HOWARD STREET CHARTER SCHOOL EIN 93-1330504 · last filed 990 for 2025
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- VALLEY INQUIRY CHARTER SCHOOL EIN 38-3709149 · last filed 990 for 2025