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The Salem Foundation

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

EIN: 936018523 ✦ Salem, OR ✦ Designated as a 501(c)(3)

Overview

What is The Salem Foundation?

The Salem Foundation is a nonprofit organization situated in Salem, Oregon. Its primary mission includes receiving, safeguarding, and distributing funds for charitable purposes within its local vicinity. The organization has demonstrated its commitment to the community by making charitable contributions to approximately 90 tax-exempt organizations, with a significant portion of these contributions benefiting organizations located in and around Salem. The Salem Foundation's activities are centered around supporting local charitable initiatives, contributing to the betterment of the community in various ways.


Official website here: www.salemfoundation.org

Is The Salem Foundation legitimate?

The Salem Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salem Foundation 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: $485,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.salemfoundation.org

What is the mission statement of The Salem Foundation?

The Salem Foundation's primary purpose is to collect, secure, and distribute funds for charitable causes. This organization is committed to supporting various charitable endeavors, primarily in its local vicinity. The foundation makes significant contributions to numerous tax-exempt organizations, with the majority of its donations going to organizations within its surrounding area. The Salem Foundation's mission is centered around providing financial aid for charitable initiatives.


Official website here: www.salemfoundation.org

Who is the CEO of The Salem Foundation?

Pioneer Trust Bank Na is the Trustee of The Salem Foundation.


Official website here: www.salemfoundation.org

What is the revenue of The Salem Foundation?

The Salem Foundation's revenue in 2022 was $4,735,987.


Official website here: www.salemfoundation.org

Who are the executives of The Salem Foundation and what are their salaries?

Here are 6 key members and their salaries:

    Pioneer Trust Bank Na (Trustee)
  • Compensation: $485,875
  • Related: $0
  • Other: $0

    • Brian Condello (Cmtee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Tesler (Cmtee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Lush (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis-Claude Nguea-Njoh (Cmtee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Hancock (Cmtee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.salemfoundation.org

    Where can I find the form 990 for The Salem Foundation?

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


    Official website here: www.salemfoundation.org

    Learn more at the official website: www.salemfoundation.org

    Mission Statement of The Salem Foundation

    The Salem Foundation is a nonprofit organization that serves a crucial role in charitable contributions. Its primary purpose is to collect, secure, and distribute funds for benevolent objectives. The organization's mission is centered around channeling resources towards charitable causes, focusing largely on organizations within its vicinity. The majority of its contributions are directed towards local organizations, demonstrating its commitment to supporting the community it serves.

    Impact

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




    Saturday, July 20, 2024

    The Salem Foundation's impact is significant as it plays a crucial role in receiving, safeguarding, and disbursing funds for charitable purposes primarily in the vicinity of Salem, Oregon. Through its activities, the foundation has made charitable distributions to 90 tax-exempt organizations, with the majority of contributions going to organizations in Salem. This support contributes to the betterment of the community and helps address various social needs in the region.





    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: $1,295,645
  • Program Service Revenue: $0
  • Gross Receipts: $7,225,052

    • Assets and Liabilities:
  • Total Assets: $34,628,460
  • Total Liabilities: $304,118
  • Net Assets: $34,324,342
  • Organization Details

    Founding Year

    1930

    Principal Officer

    Pioneer Trust Bank Na

    Main Address

    C/O PIONEER TRUST BANK PO BOX 2305, SALEM, OR, 97308

    NTEE Category

    Code: T31Z - Philanthropy

    If you are a representative of The Salem Foundation 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.