Salem Education Foundation

Tax-deductible

Salem, VA501(c)(3)Since 1983EducationEIN 54-1253003Revenue $846K in FY2025

On file with the IRSsefandaa.orgPo Box 1461, 24153-0010 · Salem, VATax-exempt since May 1988Publicly supported — 509(a)(2)

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Develop endowments with contributions from graduates of Salem high school and other interested parties; encourage Salem high school graduates to continue their educations by providing scholarships; create an alumni hall of fame to recognize Salem high school graduates'outstanding achievements; promote the principles of good citizenship; encourage service-minded people to serve their community without personal financial reward.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $164K a year · 43% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 2% of spending
Top officer’s pay lower than 94% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$846K
+96% vs prior year
Spent
$276K
To programs
79%
Net assets
$6.6M
By yearFY2020–FY2025
Revenue
$846K
FY2025▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$333K
FY2022$302K
FY2023$288K
FY2024$432K
FY2025$846K
Expenses
$276K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$193K
FY2022$231K
FY2023$226K
FY2024$251K
FY2025$276K
Net assets
$6.6M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.5M
FY2022$4.9M
FY2023$5.3M
FY2024$5.8M
FY2025$6.6M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $217K Management & general 21% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & Secretary
$6,750Pt VII · Sec A
Director & Vice President
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jenny Parrish’s $7K as Director & Secretary is at the 6th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Jenny Parrish$6,750$6,000$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Salem Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds endowments, awards scholarships to Salem High seniors, and honors outstanding alumni.

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Provided by the organization

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1 program · $217K · in their own filed words · FY2025
01

Provide scholarships to graduating seniors of salem high school salem, virginia

$217Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$8K
Grants paid · 6 grants · $1.0M · 2020–2025
Unitemized GrantFY2025$216,809
Unitemized GrantFY2024$200,568
Unitemized GrantFY2023$178,152
Unitemized GrantFY2022$190,163
Unitemized GrantFY2021$155,746
Unitemized GrantFY2020$104,926

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$846K
Ln 12
Gifts and grantsLn 1h$449K
Investment incomeLn 3$397K
Money outPt IX
$276K
Ln 25
Programscol B$217K
Managementcol C$59K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$286K
Total assetsLn 16$6.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$449K
Investment incomeLn 3$397K
Gains on assetsLn 7$231K
Total revenueLn 12$846K
Assets in detailPt X, end of year
SavingsLn 2$286K
Cash and savings togetherLn 1–2$286K
InvestmentsLn 11–13$6.4M
Total assetsLn 16$6.6M
LiabilitiesLn 26$0
Net assetsLn 32$6.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$178K$286K
InvestmentsLn 11–13$5.6M$6.4M
Total assetsLn 16$5.8M$6.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.8M$6.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$217K$217K
Pay of current officers, directors and key staffLn 5$7K$7K
Accounting feesLn 11c$15K$15K
Investment management feesLn 11f$30K$30K
Office expensesLn 13$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$276K$217K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $846K$276K$570K$6.6M 990 PDF
FY2024 $432K$251K$181K$5.8M 990 PDF
FY2023 $288K$226K$62K$5.3M 990 PDF
FY2022 $302K$231K$71K$4.9M 990 PDF
FY2021 $333K$193K$140K$5.5M 990 PDF
FY2020 $94K$136K−$41K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $845,700 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,765$448,880
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $298,161$396,820
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $431,926$845,700
I-13 Grants and similar amounts paidPrior year $200,568$216,809
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,000$6,750
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,228$51,996
I-18 Total expensesPrior year $250,796$275,555
I-19 Revenue less expensesPrior year $181,130$570,145
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $845,700 across 5 lines filed
Lines not itemized here account for $470 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$448,880
VIII-1h Total contributions, gifts and grants$448,880
VIII-3 Investment incomeExcluded from tax $165,773$165,773
VIII-7 Net gain or loss on sales of assetsExcluded from tax $230,577$230,577
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $396,820$845,700
Part IX · Statement of functional expenses $275,555 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $216,809$216,809
IX-5 Pay of current officers, directors and key staffManagement $6,750$6,750
IX-11c Accounting feesManagement $15,334$15,334
IX-11f Investment management feesManagement $30,189$30,189
IX-13 Office expensesManagement $2,166$2,166
IX-23 InsuranceManagement $1,414$1,414
IX-24 Other expenses (24a–d)Management $2,893$2,893
IX-25 Total functional expensesPrograms $216,809 · Management $58,746 · Fundraising $0$275,555
Part X · Balance sheet $6,643,763 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $178,247$286,373
X-12 Other securitiesStart of year $5,640,278$6,357,390
X-16 Total assetsStart of year $5,818,525$6,643,763
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $5,818,525$6,643,763
X-33 Total liabilities and net assetsStart of year $5,818,525$6,643,763
Part XI · Reconciliation of net assets $6,643,763 net assets at year end
XI-1 Total revenue$845,700
XI-2 Total expenses$275,555
XI-3 Revenue less expenses$570,145
XI-4 Net assets at start of year$5,818,525
XI-5 Net unrealized gains (losses) on investments$255,093
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,643,763

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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