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Nonprofiteer
← SALEM ACADEMY & COLLEGE

Form 990 for tax year 2023

Filed by SALEM ACADEMY & COLLEGE.

Totals

Total revenue
$38,903,233
Total expenses
$33,341,491
Contributions and grants received
$12,157,479
Grants paid
$8,174,852
Program service revenue
$12,935,458
Investment income
$9,989,613
Other revenue
$3,820,683
Total assets, end of year
$110,111,288
Total liabilities, end of year
$20,751,996
Net assets or fund balances, end of year
$89,359,292
Program services expenses (Part IX)
$24,737,056
Management and general expenses
$7,177,795
Fundraising expenses
$1,426,640
Program service expenses (Part III)
$24,737,056

Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR PATRICE DAVIS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • DR JOHN MCCONNELL

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • BROOKE SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • SALLIE BEASON

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MIMI ALEDO-SANDOVAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JULIA ARCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH BAIRD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SARAH BERGA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • AKESHIA CRAVEN-HOWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • LINDA DARDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ELLEN DREW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • TERRIE DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • LOSSIE FREEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BETH GIANOPULOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • INA KAMENZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • KATHERINE HOLLAND-ORTIZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DR BRANDY NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ANNE SALISBURY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SYDNEY TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DR EILEEN WILSON-OYELARAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SUMMER MCGEE

    PRESIDENT

    Total calculated
    $290,318
    From this org
    $251,501
    From related orgs
    $0
    Other
    $38,817
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $251,501
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $23,817
    Filer's total
    $290,318

  • DAVID BROWNING

    VP FINANCE/CFO

    Total calculated
    $197,760
    From this org
    $185,947
    From related orgs
    $0
    Other
    $11,813
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,947
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,813
    Filer's total
    $197,760

  • KATHRYN BARNES

    VP OF INSTITUTIONAL DEVELOPMENT

    Total calculated
    $138,593
    From this org
    $130,235
    From related orgs
    $0
    Other
    $8,358
    Hours/week
    50

  • KRIS SORRELLS

    HEAD OF ACADEMY

    Total calculated
    $116,179
    From this org
    $99,836
    From related orgs
    $0
    Other
    $16,343
    Hours/week
    50

  • BRETT WOODS

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $81,226
    From this org
    $78,486
    From related orgs
    $0
    Other
    $2,740
    Hours/week
    50

  • JOHN DAYNES

    CHIEF ENROLLMENT OFFICER

    Total calculated
    $170,448
    From this org
    $162,411
    From related orgs
    $0
    Other
    $8,037
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,411
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,037
    Filer's total
    $170,448

  • DALE SANDERS

    PROFESSOR OF HEALTH & BUSINESS ADMINISTRATION

    Total calculated
    $150,613
    From this org
    $142,692
    From related orgs
    $0
    Other
    $7,921
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,692
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,921
    Filer's total
    $150,613

  • JENNA SHEFFIELD

    ASSOCIATE VP FOR ACADEMIC AFFAIRS

    Total calculated
    $126,796
    From this org
    $113,521
    From related orgs
    $0
    Other
    $13,275
    Hours/week
    50

  • EVANGELIA MAZARIS

    VP OF EQUITY, DIVERSITY, AND INCLUSION

    Total calculated
    $125,819
    From this org
    $119,622
    From related orgs
    $0
    Other
    $6,197
    Hours/week
    50

  • GLENN MCGEE

    ADMISSIONS DIRECTOR

    Total calculated
    $119,961
    From this org
    $113,491
    From related orgs
    $0
    Other
    $6,470
    Hours/week
    50

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
SALEM PROVIDES THE PRESIDENT WITH ON-CAMPUS HOUSING FOR THE BENEFIT AND CONVENIENCE OF SALEM.

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531299349302948

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

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