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Salem State University Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042620632 ✦ Salem, MA ✦ Designated as a 501(c)(3)

Overview

What is Salem State University Foundation Inc?

Salem State University Foundation Inc, located at 352 Lafayette Street, Salem, MA 01915, is a nonprofit organization with a mission to support Salem State University. They achieve this by raising and managing contributions, ultimately helping the university meet its needs and accomplish its objectives. These contributions are then allocated to students and departments within the university, aligning with the foundation's exempt purpose. By doing so, the foundation plays a crucial role in fostering the academic and developmental growth of Salem State University.


Official website here: www.salemstate.edu

Is Salem State University Foundation Inc legitimate?

Salem State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem State University Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.salemstate.edu

What is the mission statement of Salem State University Foundation Inc?

The Salem State University Foundation Inc's mission is centered around assisting Salem State University in achieving its objectives. This is accomplished by procuring and managing contributions. The primary role of the foundation involves making grants and allocations to students of Salem State University and various departments within the university, aligning with its exempt purpose. The foundation's activities are geared towards supporting the university's needs and goals.


Official website here: www.salemstate.edu

Who is the CEO of Salem State University Foundation Inc?

Cheryl Crounse is the Treasurer of Salem State University Foundation Inc.


Official website here: www.salemstate.edu

What is the revenue of Salem State University Foundation Inc?

Salem State University Foundation Inc's revenue in 2022 was $9,786,265.


Official website here: www.salemstate.edu

Who are the executives of Salem State University Foundation Inc and what are their salaries?

Here are 23 key members and their salaries:

    Cheryl Crounse (Executive Director)
  • Compensation: $0
  • Related: $186,131
  • Other: $18,393

    • Jeffrey Cicolini (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary G Desimone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annalisa Di Palma (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Gassett-Schiller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis J George (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard J Gilmartin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David C Gravel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John D Keenan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea C Liftman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Virginia C Lyons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul A Petrowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherine E Reid (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joanne O Ricciardiello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen A Rollins Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacob S Segal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy L Skrabut (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C David Surface (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Lee Surface (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine A Zetes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy A Dias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joanne Mendes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael D Procopio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.salemstate.edu

    Where can I find the form 990 for Salem State University Foundation Inc?

    The Salem State University Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.salemstate.edu

    Learn more at the official website: www.salemstate.edu

    Mission Statement of Salem State University Foundation Inc

    Salem State University Foundation Inc, as a mission-driven organization, is committed to aiding Salem State University in achieving its objectives and fulfilling its needs. The foundation's primary role is to gather and manage contributions, with the ultimate goal of channeling these funds to deserving students and departments within the university. The foundation's exempt purpose guides its grants and allocations, ensuring they align with the university's best interests. By supporting Salem State University in this way, the foundation plays a crucial role in enhancing the educational opportunities and experiences of its students.

    Impact

    This information is meant to be a general summary of Salem State University Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Salem State University Foundation Inc plays a vital role in supporting Salem State University by helping the institution meet its needs and goals through the raising and management of contributions. This nonprofit organization grants and allocates funds to students of Salem State University and various departments within the institution, all in line with its exempt purpose. Through its efforts, Salem State University Foundation Inc contributes significantly to the advancement of education and the overall success of the university community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,747,539
  • Program Service Revenue: $129,163
  • Gross Receipts: $10,067,614

    • Assets and Liabilities:
  • Total Assets: $50,036,671
  • Total Liabilities: $795,274
  • Net Assets: $49,241,397
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SPEAKER SERIES

    Revenue

    $129,163

    Organization Details

    Founding Year

    1977

    Principal Officer

    Cheryl Crounse

    Main Address

    352 LAFAYETTE STREET, SALEM, MA, 01915

    NTEE Category

    Code: B110 - Education

    If you are a representative of Salem State University Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.