EIN 56-0530005

Salem Academy and College

IRS 501(c) type
501(c)(3)
Num. employees
624
Year formed
1772
Most recent tax filings
2020-06-01
Description
The board has not adopted a formal mission statement. Salem College, a liberal arts College for women, values its students as individuals, develops their unique potential, and prepares them to change the world.now in its third century of sustaining a ...
Also known as...
Salem College

Program areas at Salem Academy and College

Salem Academy & College provides a College education to approximately 487 full-time students, a high school education to approximately 93 full-time students (grades 9-12) and provides continuing education to approximately 175 part-time students throughout the community. The College also provides adequate food services and housing to approximately 313 students who maintain residence on the campus of Salem College and 51 students who maintain residence on the campus of Salem Academy.

Form 990s for Salem Academy and College

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-25990View PDF
2019-062020-09-10990View PDF
2018-062019-08-17990View PDF
2017-062018-11-15990View PDF
2016-062017-10-06990View PDF
...and 6 more Form 990s

Who funds Salem Academy and College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Winston-Salem Foundation92 Grant(s) for Varying Purposes$2,374,475
 View purchase optionsDebt Reduction Fund$84,237
 View purchase optionsScholarships$60,000
...and 17 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$4,481,794
 View purchase options████ ██ ██ ███$░,░░░,░░░
 View purchase options█████ ███████ ██$░░░,░░░
...and 3 more federal grants / contracts

Financials for Salem Academy and College

RevenuesFYE 06/2020
Total grants, contributions, etc.$7,424,712
Program services$21,033,891
Investment income and dividends$503,647
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$35,304
Net gain from sale of non-inventory assets$-529,346
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$430,645
Total revenues$28,898,853

Personnel at Salem Academy and College

NameTitleCompensation
Ken BuchananVice President Finance and Administration , Chief Financial Officer$68,965
Anthony SlaterVice President Finance , Administrative$90,102
Ron DowdyVice President Finance and Administration
 View purchase optionsVice President Finance , Administrative$28,333
 View purchase optionsVice President Institutional Advancement$101,998
...and 21 more key personnel

Organizations like Salem Academy and College

OrganizationLocationRevenue
Taylor UniversityUpland, IN$99,093,951
College of Saint BenedictSaint Joseph, MN$110,041,062
Rochester University (RC)Rochester Hills, MI$21,613,111
Moravian CollegeBethlehem, PA$122,475,456
Florida CollegeTemple Terrace, FL$19,309,104
College of Our Lady of the ElmsChicopee, MA$46,386,940
Saint Mary's CollegeNotre Dame, IN$104,362,180
Augsburg UniversityMinneapolis, MN$130,985,918
Trinity Christian CollegePalos Heights, IL$40,620,305
Saint Anselm CollegeManchester, NH$136,934,234
Eckerd CollegeSaint Petersburg, FL$127,879,721
Brevard College CorporationBrevard, NC$32,394,506
Carroll CollegeHelena, MT$64,086,619
Lebanon Valley College (LVC)Annville, PA$104,612,783
Florida Southern College (FSC)Lakeland, FL$143,874,205
College of Saint Benedict and Saint John's University (CSBSJU)Collegeville, MN$117,650,669
Coe College (COE)Cedar Rapids, IA$82,885,005
Saint Michael's CollegeColchester, VT$107,003,803
Albright CollegeReading, PA$67,395,108
Luther CollegeDecorah, IA$123,520,374
Schreiner UniversityKerrville, TX$48,434,665
Alvernia UniversityReading, PA$90,031,322
Columbia CollegeColumbia, SC$28,925,847
Flagler CollegeSt Augustine, FL$73,291,832
Bethany CollegeBethany, WV$28,920,310
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$28,898,853
2020
Yearly growth
-31%
% of revenues
n/a
Total expenses
$31,514,402
2020
Yearly growth
-15.5%
% of expenses
n/a
Total assets
$98,321,243
2020
Yearly growth
-0.7%
% of assets
n/a
Num. employees
624
2020
Yearly growth
-20.4%
% of total
n/a
General information
Address
601 S Church St
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
salem.edu 
Phone
(336) 917-5472
Facebook page
salemcollege 
Twitter profile
@salemcollege 
IRS details
EIN
56-0530005
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1772
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent