Salem Catholic Schools Foundation
- Assets
- $4.8m
- Revenue
- $930.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 93-0727839
Organization Overview
Salem Catholic Schools Foundation is located in Salem, OR. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Salem Catholic Schools Foundation 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 12/2022, Salem Catholic Schools Foundation generated $930.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salem Catholic Schools Foundation has awarded 16 individual grants totaling $4,445,139. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SALEM CATHOLIC SCHOOLS FOUNDATION PROVIDES FINANCIAL SUPPORT TO FIVE SALEM AREA CATHOLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR FIVE SALEM AREA CATHOLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schaefer Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Kevin Mannix President | OfficerTrustee | 1 | $0 |
Jennifer Paul Vice President | OfficerTrustee | 1 | $0 |
Patrick Grainey Director (6/21/22) | Trustee | 1 | $0 |
Enrique Rodriguez Director | Trustee | 1 | $0 |
Jim Fahlstrom Director (6/21/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $826,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $826,350 |
| Total Program Service Revenue | $0 |
| Investment income | $104,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $930,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,338,694 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,004 |
| Fees for services: Other | $46,265 |
| Advertising and promotion | $324 |
| Office expenses | $772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,828 |
| All other expenses | $0 |
| Total functional expenses | $1,415,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,516,575 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,186,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,818,520 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,666,055 |
| Net assets with donor restrictions | $152,465 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,818,520 |
Grants Awarded
Over the last fiscal year, Salem Catholic Schools Foundation has awarded $1,338,694 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
QUEEN OF PEACE SCHOOL PURPOSE: Construction and tuition assistance | $835,660 |
Salem, OR PURPOSE: Tuition assistance and stability funding | $252,950 |
Salem, OR PURPOSE: Tuition assistance | $126,800 |
ST JOSEPH SCHOOL PURPOSE: Tuition assistance and STEM projects | $78,284 |
Gervais, OR PURPOSE: Tuition assistance and STEM projects | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salem Catholic Schools Foundation has recieved totaling $430,000.
| Awarding Organization | Amount |
|---|---|
Larry And Jeanette Epping Family Foundation Salem, OR PURPOSE: TUITION ASSISTANCE AND CAPITAL IMPROVEMENTS | $430,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |