Skip to content
Nonprofiteer
← SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE

Form 990 for tax year 2024

Filed by SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE.

Totals

Total revenue
$9,539,251
Total expenses
$11,381,995
Contributions and grants received
$6,928,419
Grants paid
$10,771,238
Program service revenue
$0
Investment income
$2,235,251
Other revenue
$375,581
Total assets, end of year
$37,574,532
Total liabilities, end of year
$279,472
Net assets or fund balances, end of year
$37,295,060
Program services expenses (Part IX)
$10,794,673
Management and general expenses
$587,322
Fundraising expenses
$0
Program service expenses (Part III)
$10,794,673

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,928,419

  • 1g · Noncash contributions included above

    $578,632

  • 3 · Investment income

    total $1,007,155 · excluded $1,007,155

  • 6a · Gross rents

    real property $1,207,728

  • 6b · Less rental expenses

    real property $852,360

  • 6c · Rental income or loss

    real property $355,368

  • 6d · Net rental income or loss

    total $355,368 · excluded $355,368

  • 7a · Gross sales of assets other than inventory

    securities $7,164,214

  • 7b · Less cost or other basis and sales expenses

    securities $5,936,118

  • 7c · Gain or loss

    securities $1,228,096

  • 7d · Net gain or loss

    total $1,228,096 · excluded $1,228,096

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $20,213 · related or exempt $20,213

  • 11e · Other revenue, total

    $20,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,693,013 · program services $10,693,013

  • 2 · Grants to domestic individuals

    total $78,225 · program services $78,225

  • 5 · Compensation of officers, directors and key employees

    total $504,172 · management and general $504,172

  • 11b · Fees: legal

    total $1,473 · management and general $1,473

  • 11c · Fees: accounting

    total $53,217 · management and general $53,217

  • 24a · Other expenses: GENERAL AND ADMINISTRAT

    total $26,060 · management and general $26,060

  • 24b · Other expenses: MAKE MUSIC DAY EXPENSES

    total $23,435 · program services $23,435

  • 24c · Other expenses: DEPARTMENT OF JUSTICE F

    total $2,400 · management and general $2,400

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,445,413 · end of year $816,884

  • 3 · Pledges and grants receivable

    beginning of year $4,759,638 · end of year $0

  • 4 · Accounts receivable

    beginning of year $40,757 · end of year $22,257

  • 7 · Other notes and loans receivable

    beginning of year $14,873 · end of year $8,586

  • 10a · Land, buildings and equipment: cost or other basis

    $6,330,249

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,491,087

  • 10c · Land, buildings and equipment, net

    beginning of year $2,855,798 · end of year $2,839,162

  • 11 · Investments: publicly traded securities

    beginning of year $9,434 · end of year $10,062

  • 12 · Investments: other securities

    beginning of year $29,374,359 · end of year $32,820,124

  • 14 · Intangible assets

    beginning of year $6,000 · end of year $6,000

  • 15 · Other assets

    beginning of year $1,052,410 · end of year $1,051,457

  • 18 · Grants payable

    beginning of year $735,862 · end of year $226,030

  • 25 · Other liabilities

    beginning of year $50,413 · end of year $53,442

  • 27 · Net assets without donor restrictions

    beginning of year $33,026,239 · end of year $36,308,530

  • 28 · Net assets with donor restrictions

    beginning of year $5,746,168 · end of year $986,530

Mission and programs · 2024

Mission

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

  • 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

As filed on the 2024 return.

Listed in Part VII

  • Debra Lush

    COMMITTEE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Laura Tesler

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Brian Condello

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Louis-Claude Nguea-Njoh

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Terry Hancock

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Pioneer Trust Bank Na

    TRUSTEE

    Total calculated
    $492,835
    From this org
    $492,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202513189349305016

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.