Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1950.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
48 people listed on the 990; $607K paid to officers and key staff.
Terry Taylor’s $135K as President/Ce is at the 58th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Mr Frank Vagnone | — | — | — | — | $220,007 | $170,118 |
| Terry Taylor | $134,853 | $133,821 | $134,434 | — | $89,166 | $76,558 |
| Franklin Vagnone End 630 | — | — | — | $119,820 | — | — |
| Terry Taylor Beg 71 | — | — | — | $111,078 | — | — |
| Mr Robert Leath | — | — | — | — | — | $56,960 |
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.
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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 15aYes
Programs and updates
Preserves and interprets the history and material culture of the early American South and Salem.
Questions for Old Salem Incorporated
Your first name shows with your question. Old Salem Incorporated answers here, for everyone.
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Educational Program
Guided interpretive tours and special events are held for educational purposes as well as museum classes and summer apprenticeship programs.
Educational Program
Guided interpretive tours and special events are held for educational purposes as well as museum classes and summer apprenticeship programs.
Museum Program
A museum of early southern decorative arts.
Museum Program
A museum of early southern decorative arts.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $6.0M | $6.2M | −$143K | $76.6M | 990 PDF |
| FY2024Filed with the IRS Jun 26, 2025 | $7.7M | $6.4M | $1.3M | $72.0M | 990 PDF |
| FY2023Filed with the IRS Jun 20, 2024 | $7.1M | $6.1M | $958K | $69.0M | 990 PDF |
| FY2022Filed with the IRS Jun 20, 2023 | $6.6M | $5.3M | $1.3M | $65.3M | 990 PDF |
| FY2021Filed with the IRS Sep 6, 2022 | $3.8M | $4.6M | −$827K | $80.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS Mar 23, 2022 | $3.2M | $4.4M | −$1.2M | $77.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (1 part)
Part VI · Governance 21 of 21 board members independent, no flags
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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