The Salem Partnership Inc
- Assets
- $210.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 12/1990
- Data as of
- 06/2024
- EIN
- 04-2996598
Organization Overview
The Salem Partnership Inc is located in Salem, MA. The organization was established in 1990. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Salem Partnership Inc generated $120.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $134.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Riley Chairman | 2 | $0 | |
John Keenan President | 2 | $0 | |
Elizabeth Debski Executive Director | 40 | $85,000 | |
Lynda Hartigan Vice President | 2 | $0 | |
Thomas Daniel Vice President | 2 | $0 | |
James M Muse Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,900 |
| Membership dues | $106,500 |
| Investment income | $7,254 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,654 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,000 |
| Professional fees and other payments to independent contractors | $6,200 |
| Occupancy, rent, utilities, and maintenance | $12,239 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,781 |
| Total expenses | $134,220 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,693 |
| Other assets | $0 |
| Total assets | $210,693 |
| Total liabilities | $2,937 |
| Net assets or fund balances | $207,756 |