Salem Art Association: FY2020 Nonprofit Profile & Form 990 (EIN 93-0421613)

Matthew Boulay’s $51K as Executive Director is at the 46th percentile of top reported officer pay among 2216 $100K–1M 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 · 2 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Sandra Burnett	—	—	—	$32,469	$112,074
Matthew Boulay	$51,412	$54,283	$49,366	$50,096	—

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 15aNo

Programs and updates

Uses art to boost creativity, improve lives, and build a stronger community.

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3 programs · $405K · in their own filed words · FY2020

01

Located in historic bush's pasture park, the bush barn art center features three galleries, a gift gallery, and a permanent collection. The A.N. Bush gallery presents major interpretive exhibitions of regional, national, and international artists.

$149Kprogram expense

02

For nearly seven decades, salem art association has been presenting the annual salem art fair & festival as an integral part of the region's cultural calendar, that draws over 36,000 people each year.

$140Kprogram expense

03

The salem art association's community arts education program aims to support a broad range of dynamic local arts projects. Most notably, cae engages thousands of students, administrators, teachers and parents each year through our artists in the schools initiative and the high school mentorship program.

$116Kprogram 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 · FY2024

Marie Lamfrom Charitable Foundation 091898FY2024$70K

James F and Marion L Miller FoundationFY2024$45K

Salem Art Association Endowment FoundationFY2024$45K

Salem Foundation Pioneer Trust Company TrusteeFY2024$36K

Ronald W Naito MD FoundationFY2024$10K

The Ford Family FoundationFY2024$9K

Maps Community FoundationFY2024$5K

Franz Bakery FoundationFY2024$3K

Total grants receivedfrom 8 funders$222K

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Grants paid · 2 grants · $49K · 2020–2020

Bush House MuseumOR · FY2020$46,891

Salem Art Association Endowment FoundationOR · FY2020$2,550

By the numbers

The FY2020 990, line by line.

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1The main four

Money inPt VIII

$600K

Ln 12

Gifts and grantsLn 1h$602K

Fees for servicesLn 2g$16K

Investment incomeLn 3$98

Money outPt IX

$557K

Ln 25

Programscol B$405K

Managementcol C$120K

Fundraisingcol D$32K

Owns and owesPt X

$683K

net assets · Ln 32

Cash and savingsLn 1–2$136K

Total assetsLn 16$727K

LiabilitiesLn 26$44K

PeoplePt VI, VII

16

listed · VII A

PaidVII A1

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$602K

Government grantsLn 1e$174K

Noncash giftsLn 1g$57K

Fundraising eventsLn 1c$35K

Fees for servicesLn 2g$16K

Investment incomeLn 3$98

Total revenueLn 12$600K

Assets in detailPt X, end of year

CashLn 1$135K

SavingsLn 2$385

Cash and savings togetherLn 1–2$136K

Land, buildings, equipmentLn 10c$39K

Other assetsLn 15$452K

Total assetsLn 16$727K

LiabilitiesLn 26$44K

Net assetsLn 32$683K

OperationsPt I, VI

EmployeesI 522

VolunteersI 635

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$56K	$136K
Land, buildings, equipmentLn 10c	$53K	$39K
Total assetsLn 16	$712K	$727K
LiabilitiesLn 26	$72K	$44K
Net assetsLn 32	$641K	$683K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$49K	$49K
Pay of current officers, directors and key staffLn 5	$102K	$61K	$32K	$8K
Other salaries and wagesLn 7	$225K	$189K	$22K	$14K
Other employee benefitsLn 9	$18K	$15K	$3K	$49
Payroll taxesLn 10	$28K	$21K	$5K	$2K
Accounting feesLn 11c	$35K		$35K
Other fees for servicesLn 11g	$600	$600
Advertising and promotionLn 12	$7K	$3K	$390	$3K
Office expensesLn 13	$38K	$26K	$9K	$3K
OccupancyLn 16	$12K	$10K	$2K	$456
TravelLn 17	$2K	$2K
Conferences, conventions and meetingsLn 19	$554	$149	$405
Depreciation, depletion and amortizationLn 22	$11K	$10K	$617	$625
InsuranceLn 23	$11K		$11K
Other expenses (24a–d)Ln 24	$18K	$18K	$133	$222
Total functional expensesLn 25	$557K	$405K	$120K	$32K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$795K	$827K	−$31K	$492K	990 PDF
FY2023	$994K	$1.2M	−$231K	$523K	990 PDF
FY2022	$1.1M	$1.0M	$115K	$646K	990 PDF
FY2021	$459K	$609K	−$150K	$531K	990 PDF
FY2020 Viewing	$600K	$557K	$42K	$683K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $599,563 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $448,436$601,742

I-9 Program service revenuePrior year $302,434$15,671

I-10 Investment incomePrior year $346$98

I-11 Other revenuePrior year $102,990−$17,948

I-12 Total revenuePrior year $854,206$599,563

I-13 Grants and similar amounts paidPrior year $85,337$49,441

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $428,203$372,760

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $340,724$135,197

I-18 Total expensesPrior year $854,264$557,398

I-19 Revenue less expensesPrior year −$58$42,165

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $599,563 across 13 lines filed

Lines not itemized here account for $16,502 of total revenue; see the IRS return.

VIII-1b Membership dues$22,545

VIII-1c Fundraising events$35,420

VIII-1d Related organizations$49,000

VIII-1e Government grants$174,422

VIII-1f All other contributions, gifts and grants$320,355

VIII-1g Noncash contributions (included above)$57,104

VIII-1h Total contributions, gifts and grants$601,742

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,671$15,671

VIII-3 Investment incomeExcluded from tax $98$98

VIII-6 Net rental income or lossRelated to mission $1,210$1,210

VIII-8 Net income from fundraising eventsExcluded from tax −$51,090−$51,090

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,430$15,430

VIII-12 Total revenueRelated to mission $49,438 · Unrelated business $0 · Excluded from tax −$51,617$599,563

Part IX · Statement of functional expenses $557,398 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $49,441$49,441

IX-5 Pay of current officers, directors and key staffPrograms $60,934 · Management $32,498 · Fundraising $8,124$101,556

IX-7 Other salaries and wagesPrograms $189,234 · Management $22,015 · Fundraising $14,224$225,473

IX-9 Other employee benefitsPrograms $14,818 · Management $2,811 · Fundraising $49$17,678

IX-10 Payroll taxesPrograms $21,217 · Management $5,177 · Fundraising $1,659$28,053

IX-11c Accounting feesManagement $34,690$34,690

IX-11g Other fees for servicesPrograms $600$600

IX-12 Advertising and promotionPrograms $3,117 · Management $390 · Fundraising $3,430$6,937

IX-13 Office expensesPrograms $25,867 · Management $8,935 · Fundraising $3,467$38,269

IX-16 OccupancyPrograms $10,002 · Management $1,611 · Fundraising $456$12,069

IX-17 TravelPrograms $2,028$2,028

IX-19 Conferences, conventions and meetingsPrograms $149 · Management $405$554

IX-22 Depreciation, depletion and amortizationPrograms $9,992 · Management $617 · Fundraising $625$11,234

IX-23 InsuranceManagement $10,620$10,620

IX-24 Other expenses (24a–d)Programs $17,841 · Management $133 · Fundraising $222$18,196

IX-25 Total functional expensesPrograms $405,240 · Management $119,902 · Fundraising $32,256$557,398

Part X · Balance sheet $726,674 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $51,216$135,447

X-2 Savings and temporary cash investmentsStart of year $4,638$385

X-4 Accounts receivableStart of year $139,242$90,907

X-8 Inventories for sale or useStart of year $6,270$6,270

X-9 Prepaid expenses and deferred chargesStart of year $5,595$1,930

X-10c Land, buildings and equipment, netStart of year $53,138$39,310

X-15 Other assetsStart of year $452,325$452,425

X-16 Total assetsStart of year $712,424$726,674

X-17 Accounts payable and accrued expensesStart of year $59,396$41,295

X-19 Deferred revenueStart of year $12,314$2,500

X-26 Total liabilitiesStart of year $71,710$43,795

X-27 Net assets without donor restrictionsStart of year $149,253$206,128

X-28 Net assets with donor restrictionsStart of year $491,461$476,751

X-32 Total net assets or fund balancesStart of year $640,714$682,879

X-33 Total liabilities and net assetsStart of year $712,424$726,674

Part XI · Reconciliation of net assets $682,879 net assets at year end

XI-1 Total revenue$599,563

XI-2 Total expenses$557,398

XI-3 Revenue less expenses$42,165

XI-4 Net assets at start of year$640,714

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$682,879

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Salem Art Association FY2020 filing

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