EIN 56-0530005

Salem Academy and College

IRS 501(c) type
501(c)(3)
Num. employees
368
Year formed
1772
Most recent tax filings
2022-06-01
Description
A college and high school in Winston-Salem, NC, with around 347 full-time college students, 60 full-time high school students, and 96 part-time continuing education students.
Also known as...
Salem College
Total revenues
$38,128,049
2022
Total expenses
$28,045,179
2022
Total assets
$103,796,361
2022
Num. employees
368
2022

Program areas at Salem Academy and College

Salem Academy & College provides a College education to approximately 347 full time College students, a high school education to approximately 60 full time students (grades 9-12), and provides continuing education to approximately 96 part-time students throughout the community. The College also provides adequate food services and housing to approximately 136 students who maintain residence on the campus of Salem College, and 27 students who maintain residence at Salem Academy.

Who funds Salem Academy and College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,528,275
Drew FoundationGeneral Charitable Purpose$833,000
The Winston-Salem Foundation84 Grant(s) for Varying Purposes$316,453
...and 39 more grants received totalling $3,705,846
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$2,567,121
Department of EducationEDUCATION STABILIZATION FUND$1,524,218
Department of EducationEDUCATION STABILIZATION FUND$1,342,437
...and 4 more federal grants / contracts

Personnel at Salem Academy and College

NameTitleCompensation
David BrowningVice President Finance and Administration , Chief Financial Officer$89,064
Ken BuchananFormer Vice President of Finance and Adminstration$107,474
Katherine WattsVice President Strategic Planning$129,305
Kathy M BarnesVice President of Institutional Advancement$115,788
Sandra DoranFormer President$102,736
...and 26 more key personnel

Financials for Salem Academy and College

RevenuesFYE 06/2022
Total grants, contributions, etc.$14,294,648
Program services$10,430,177
Investment income and dividends$1,603,979
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$48,480
Net gain from sale of non-inventory assets$5,722,922
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,027,843
Total revenues$38,128,049

Form 990s for Salem Academy and College

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-05990View PDF
2020-062021-05-25990View PDF
2019-062020-09-10990View PDF
2018-062019-08-17990View PDF
2017-062018-11-15990View PDF
...and 7 more Form 990s

Organizations like Salem Academy and College

OrganizationLocationRevenue
Academy of the New Church Secondary Schools (ANCSS)Bryn Athyn, PA$52,913,341
Anderson University (AU)Anderson, SC$130,183,026
Ashland UniversityAshland, OH$179,414,778
Rochester University (RC)Rochester Hills, MI$26,657,175
Ohio Wesleyan University (OWU)Delaware, OH$121,947,555
Saint Joseph's College of MaineStandish, ME$53,366,368
Taylor UniversityUpland, IN$122,251,609
Ferrum CollegeFerrum, VA$48,896,269
Piedmont UniversityDemorest, GA$62,047,999
Moravian UniversityBethlehem, PA$137,954,892
Data update history
July 9, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 4 new personnel
June 26, 2023
Used new vendors
Identified 2 new vendors, including , and
May 16, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
SchoolsHigher ed institutions
Issues
EducationWomen and girls
Characteristics
ChristianReligiousConservation easementState / local levelReceives government fundingEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
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) 917-5764
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
Free account sign-up

Want updates when Salem Academy and College has new information, or want to find more organizations like Salem Academy and College?

Create free Cause IQ account