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Nonprofit · EIN 93-6018523

SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE

Tax-exempt · SALEM, OR 97308

Financials

$3.3M$4.1M2022$10.4M$6.6M2023$9.5M$11.4M2024
Revenue Expenses · by fiscal year end
Financials of SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
April 30, 2025990$9,539,251$11,381,995-$1,842,744$37,574,532$279,472$37,295,060
April 30, 2024990$10,372,711$6,613,071$3,759,640$39,558,682$786,275$38,772,407
April 30, 2023990$3,345,668$4,118,990-$773,322$34,545,619$227,710$34,317,909
Financial details: 990 for the year ended April 30, 2025

Revenue

Contributions, gifts and grants
$6,928,419
Program service revenue
$0
Investment income
$2,235,251
Net rental income
$355,368
Net gain from sales of assets
$1,228,096
Other revenue
$375,581

Expenses

Grants and similar amounts paid
$10,771,238
Compensation of officers, directors and key employees
$504,172
Salaries, compensation and benefits (total)
$504,172
Professional fundraising fees
$0
Legal fees
$1,473
Accounting fees
$53,217
Program services (functional)
$10,794,673
Management and general (functional)
$587,322

Balance sheet and other

Total assets, start of year
$39,558,682
Total assets, end of year
$37,574,532
Total liabilities, end of year
$279,472
Net assets, end of year
$37,295,060
Land, buildings and equipment
$2,839,162
Publicly traded securities
$10,062
Net assets without donor restrictions
$36,308,530
Net assets with donor restrictions
$986,530
Gross receipts
$16,327,729
Employees
0
Volunteers
5
Year formed
1930
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 April 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
PIONEER TRUST BANK NATRUSTEE
Institutional trustee
40$492,835
DEBRA LUSHCOMMITTEE CHAIRMAN
Trustee or director
0.25$0
LAURA TESLERCOMMITTEE MEMBER
Trustee or director
0.25$0
BRIAN CONDELLOCOMMITTEE MEMBER
Trustee or director
0.25$0
LOUIS-CLAUDE NGUEA-NJOHCOMMITTEE MEMBER
Trustee or director
0.25$0
TERRY HANCOCKCOMMITTEE MEMBER
Trustee or director
0.25$0
990 for the year ended April 30, 2024: 6 people
NameTitleHours / weekCompensation
PIONEER TRUST BANK NATRUSTEE
Institutional trustee
40$459,028
BRIAN CONDELLOCOMMITTEE MEMBER
Trustee or director
0.25$0
LAURA TESLERCOMMITTEE MEMBER
Trustee or director
0.25$0
DEBRA LUSHCOMMITTEE CHAIRMAN
Trustee or director
0.25$0
LOUIS-CLAUDE NGUEA-NJOHCOMMITTEE MEMBER
Trustee or director
0.25$0
TERRY HANCOCKCOMMITTEE MEMBER
Trustee or director
0.25$0
990 for the year ended April 30, 2023: 6 people
NameTitleHours / weekCompensation
PIONEER TRUST BANK NATRUSTEE
Institutional trustee
40$460,436
BRIAN CONDELLOCMTEE MEMBER
Trustee or director
0.25$0
LAURA TESLERCMTEE MEMBER
Trustee or director
0.25$0
DEBRA LUSHChairman
Trustee or director
0.25$0
LOUIS-CLAUDE NGUEA-NJOHCMTEE MEMBER
Trustee or director
0.25$0
TERRY HANCOCKCMTEE MEMBER
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
PO BOX 2305, SALEM, OR 97308-2305
Principal officer (990 for 2024)
PAUL MCHERMAN, C/O PIONEER TRUST BANK PO BOX 2305, SALEM, OR 97308
Signed the 990
MICHELLE L HOWELL, VP & SENIOR TRUST MANAGER
Phone
(503) 363-3136
Return prepared by
REDW LLC

Mission

THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON.

990 for the year ended April 30, 2025

Program accomplishments

  • CHARITABLE DISTRIBUTIONS WERE MADE TO 185 TAX-EXEMPT ORGANIZATIONS. THE MAJORITY OF CONTRIBUTIONS ARE MADE TO ORGANIZATIONS IN THE VICINITY OF SALEM, OREGON.
    Expenses $10,693,013 · grants $10,693,013
  • COLLEGE SCHOLARSHIPS WERE AWARDED TO 32 STUDENTS IN THE SALEM AREA.
    Expenses $78,225 · grants $78,225
  • PROVIDED FISCAL SPONSORSHIP OF THE ANNUAL MAKE MUSIC DAY SALEM EVENT.
    Expenses $23,435

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 April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025990 on file
2023April 30, 2024September 16, 2024990 on file

IRS record

EIN
93-6018523
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
1964
Accounting year ends
April
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,574,532
Income (IRS master file)
$16,327,729

Filing history

FormYear endedRevenueExpensesAssetsReturn
990April 2025$9,539,251$11,381,995$37,574,532XML
990April 2024$10,372,711$6,613,071$39,558,682XML
990April 2023$3,345,668$4,118,990$34,545,619XML
990April 2022$4,735,987$4,442,641$34,628,460IRS
990April 2021–––IRS
990April 2020–––IRS
990April 2019–––IRS
990April 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 93-6018523).

Questions about SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE

What is the EIN of SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE?
The employer identification number (EIN) of SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE is 93-6018523.
Is SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE 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 FOUNDATION PIONEER TRUST COMPANY TRUSTEE due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended April 2025.
Who is the principal officer of SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE?
The 990 for the year ended April 30, 2025 names PAUL MCHERMAN.
Who are the officers and directors of SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE?
The 990 for the year ended April 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $492,835 (PIONEER TRUST BANK NA, TRUSTEE).
How much revenue does SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE have?
On its 990 for the year ended April 30, 2025 it reported revenue of $9,539,251, expenses of $11,381,995 and total assets of $37,574,532 at year end.

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