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← SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE

Form 990 for tax year 2022

Filed by SALEM FOUNDATION PIONEER TRUST COMPANY TRUSTEE.

Totals

Total revenue
$3,345,668
Total expenses
$4,118,990
Contributions and grants received
$1,928,933
Grants paid
$3,625,222
Program service revenue
$0
Investment income
$945,250
Other revenue
$471,485
Total assets, end of year
$34,545,619
Total liabilities, end of year
$227,710
Net assets or fund balances, end of year
$34,317,909
Program services expenses (Part IX)
$3,639,268
Management and general expenses
$479,722
Fundraising expenses
$0
Program service expenses (Part III)
$3,639,268

Program services were 88.4% 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

    $1,928,933

  • 1g · Noncash contributions included above

    $4,198

  • 3 · Investment income

    total $628,356 · excluded $628,356

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,093,261

  • 6b · Less rental expenses

    real property $639,652

  • 6c · Rental income or loss

    real property $453,609

  • 6d · Net rental income or loss

    total $453,609 · excluded $453,609

  • 7a · Gross sales of assets other than inventory

    securities $2,533,641

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

    securities $2,216,747

  • 7c · Gain or loss

    securities $316,894

  • 7d · Net gain or loss

    total $316,894 · excluded $316,894

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CHANGE IN TRUST

    total $17,326 · related or exempt $17,326

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $550 · related or exempt $550

  • 11e · Other revenue, total

    $17,876

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,551,964 · program services $3,551,964

  • 2 · Grants to domestic individuals

    total $73,258 · program services $73,258

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $460,436 · management and general $460,436

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,203 · management and general $1,203

  • 11c · Fees: accounting

    total $15,550 · management and general $15,550

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MAKE MUSIC DAY

    total $14,046 · program services $14,046

  • 24b · Other expenses: DEPT OF JUSTICE FEES

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

  • 24c · Other expenses: ADMINISTRATIVE

    total $133 · management and general $133

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,371,028 · end of year $1,444,693

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $463,500

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $58,770 · end of year $22,164

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $6,226,229

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

    $3,261,691

  • 10c · Land, buildings and equipment, net

    beginning of year $3,091,708 · end of year $2,964,538

  • 11 · Investments: publicly traded securities

    beginning of year $14,222 · end of year $9,520

  • 12 · Investments: other securities

    beginning of year $29,085,806 · end of year $28,602,311

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

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

  • 15 · Other assets

    beginning of year $1,000,926 · end of year $1,032,893

  • 18 · Grants payable

    beginning of year $271,763 · end of year $192,000

  • 25 · Other liabilities

    beginning of year $32,355 · end of year $35,710

  • 27 · Net assets without donor restrictions

    beginning of year $33,361,928 · end of year $32,874,669

  • 28 · Net assets with donor restrictions

    beginning of year $962,414 · end of year $1,443,240

Mission and programs · 2022

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 92 TAX-EXEMPT ORGANIZATIONS. THE MAJORITY OF CONTRIBUTIONS ARE MADE TO ORGANIZATIONS IN THE VICINITY OF SALEM, OREGON.

    Expenses $3,551,964 · Grants $3,551,964

  • COLLEGE SCHOLARSHIPS WERE AWARDED TO 32 STUDENTS IN THE SALEM AREA.

    Expenses $73,258 · Grants $73,258

  • MAKE MUSIC DAY EVENT

    Expenses $14,046

As filed on the 2022 return.

Listed in Part VII

  • Pioneer Trust Bank Na

    TRUSTEE

    Total calculated
    $460,436
    From this org
    $460,436
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brian Condello

    CMTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Laura Tesler

    CMTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Debra Lush

    Chairman

    Total calculated
    $0
    Hours/week
    0.25

  • Louis-Claude Nguea-Njoh

    CMTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Terry Hancock

    CMTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202400729349300020

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

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