The Salem Academy FY2021 filing

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To provide an excellent education from a christ-centered, biblical perspective to students.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$174K 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

FY2021 · 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 5
filings with a surplus
Average surplus $2.1M a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$174K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $139K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
Spent
$4.3M
To programs
90%
Net assets
$6.1M
By yearFY2021–FY2025
Revenue
$6.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$6.1M
FY2022$7.2M
FY2023$8.1M
FY2024$13.7M
FY2025$8.6M
Expenses
$4.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$4.3M
FY2022$6.3M
FY2023$7.2M
FY2024$7.5M
FY2025$7.8M
Net assets
$6.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$6.1M
FY2022$7.0M
FY2023$7.9M
FY2024$14.3M
FY2025$15.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.9M Management & general 9% · $367K Fundraising 1% · $60K

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

10 people listed on the 990; $174K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Superintendent
$103,020Pt VII · Sec A
Director of Finance
$70,815Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Timothy Peterson’s $110K as Superintendent is at the 38th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
John Tyler——$114,810$113,569$103,020
Timothy Peterson$109,715$40,692———
Jeff Kline$89,124$85,403$74,390$78,601$70,815

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 The Salem Academy executive salaries →

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

Educates students from a Christ-centered, biblical perspective.

Questions for The Salem Academy

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1 program · $3.9M · in their own filed words · FY2020
01

As a christian school, salem academy has a specific philosophy which is rooted in its articles of faith, founded on the view that the holy bible is the only word of god. Salem academy has been equipping students to know and serve god through an excellent education from a biblical perspective for over 75 years.

$3.9Mprogram 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
See all 6 funders →
Grants paid · 17 grants · $4.8M · 2020–2024
Unitemized GrantFY2024$696,440
Unitemized GrantFY2024$178,812
Unitemized GrantFY2024$176,160
Unitemized GrantFY2023$683,465
Unitemized GrantFY2023$194,098
Unitemized GrantFY2023$192,630
Unitemized GrantFY2022$613,860
Unitemized GrantFY2022$220,770
Unitemized GrantFY2022$173,696
Unitemized GrantFY2021$472,319
Unitemized GrantFY2021$252,265
Unitemized GrantFY2021$151,803
Unitemized GrantFY2021$2,556
Unitemized GrantFY2020$445,341
Unitemized GrantFY2020$237,413
Unitemized GrantFY2020$113,580
Unitemized GrantFY2020$5,037

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Fees for servicesLn 2g$4.8M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$84K
Money outPt IX
$4.3M
Ln 25
Programscol B$3.9M
Managementcol C$367K
Fundraisingcol D$60K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$7.2M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$789K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$45K
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$16K
Other incomeLn 4–11$84K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.5M
Pledges and grants receivableLn 3$102K
Accounts receivableLn 4$700K
Inventories for sale or useLn 8$19K
Prepaid expenses and deferred chargesLn 9$968
Land, buildings, equipmentLn 10c$3.3M
InvestmentsLn 11–13$517K
Total assetsLn 16$7.2M
LiabilitiesLn 26$1.1M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 5175
VolunteersI 6350
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.5M
InvestmentsLn 11–13$387K$517K
Land, buildings, equipmentLn 10c$3.4M$3.3M
Total assetsLn 16$5.7M$7.2M
LiabilitiesLn 26$1.7M$1.1M
Net assetsLn 32$4.0M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$801K$801K
Pay of current officers, directors and key staffLn 5$219K$44K$165K$10K
Other salaries and wagesLn 7$1.8M$1.6M$114K$36K
Other employee benefitsLn 9$397K$384K$11K$1K
Payroll taxesLn 10$122K$116K$5K$1K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$70K$69K$1K$86
Advertising and promotionLn 12$18K$8K$284$10K
Office expensesLn 13$16K$12K$4K$380
OccupancyLn 16$106K$98K$8K$291
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$213K$209K$4K$352
InsuranceLn 23$44K$43K$723$73
Other expenses (24a–d)Ln 24$440K$434K$5K$828
All other expensesLn 24e$23K$6K$17K
Total functional expensesLn 25$4.3M$3.9M$367K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 10, 2025 $8.6M$7.8M$806K$15.2M 990 PDF
FY2024Filed with the IRS Nov 14, 2024 $13.7M$7.5M$6.2M$14.3M 990 PDF
FY2023Filed with the IRS Oct 31, 2023 $8.1M$7.2M$867K$7.9M 990 PDF
FY2022Filed with the IRS Nov 2, 2022 $7.2M$6.3M$888K$7.0M 990 PDF
FY2021 ViewingFiled with the IRS Oct 20, 2021 $6.1M$4.3M$1.9M$6.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,147,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $462,629$1,284,544
I-9 Program service revenuePrior year $5,070,138$4,763,129
I-10 Investment incomePrior year $15,237$16,115
I-11 Other revenuePrior year $116,538$84,180
I-12 Total revenuePrior year $5,664,542$6,147,968
I-13 Grants and similar amounts paidPrior year $840,469$801,371
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,631,701$2,521,078
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,248,974$961,462
I-18 Total expensesPrior year $5,721,144$4,283,911
I-19 Revenue less expensesPrior year −$56,602$1,864,057
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,147,968 across 10 lines filed
Lines not itemized here account for $2,663 of total revenue; see the IRS return.
VIII-1c Fundraising events$45,000
VIII-1e Government grants$789,049
VIII-1f All other contributions, gifts and grants$450,495
VIII-1g Noncash contributions (included above)$5,123
VIII-1h Total contributions, gifts and grants$1,284,544
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,763,129$4,763,129
VIII-3 Investment incomeExcluded from tax $16,115$16,115
VIII-6 Net rental income or lossExcluded from tax $34,116$34,116
VIII-8 Net income from fundraising eventsExcluded from tax $47,401$47,401
VIII-12 Total revenueRelated to mission $4,763,129 · Unrelated business $0 · Excluded from tax $100,295$6,147,968
Part IX · Statement of functional expenses $4,283,911 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $801,371$801,371
IX-5 Pay of current officers, directors and key staffPrograms $44,470 · Management $164,859 · Fundraising $9,615$218,944
IX-7 Other salaries and wagesPrograms $1,633,444 · Management $114,249 · Fundraising $35,997$1,783,690
IX-9 Other employee benefitsPrograms $384,235 · Management $11,162 · Fundraising $1,314$396,711
IX-10 Payroll taxesPrograms $115,593 · Management $4,918 · Fundraising $1,222$121,733
IX-11b Legal feesManagement $1,288$1,288
IX-11c Accounting feesManagement $22,000$22,000
IX-11f Investment management feesManagement $4,694$4,694
IX-11g Other fees for servicesPrograms $68,659 · Management $1,176 · Fundraising $86$69,921
IX-12 Advertising and promotionPrograms $7,518 · Management $284 · Fundraising $10,029$17,831
IX-13 Office expensesPrograms $12,276 · Management $3,511 · Fundraising $380$16,167
IX-16 OccupancyPrograms $97,513 · Management $8,161 · Fundraising $291$105,965
IX-20 InterestManagement $4,749$4,749
IX-22 Depreciation, depletion and amortizationPrograms $208,679 · Management $3,507 · Fundraising $352$212,538
IX-23 InsurancePrograms $42,997 · Management $723 · Fundraising $73$43,793
IX-24 Other expenses (24a–d)Programs $433,941 · Management $4,750 · Fundraising $828$439,519
IX-24e All other expensesPrograms $5,691 · Management $17,306$22,997
IX-25 Total functional expensesPrograms $3,856,387 · Management $367,337 · Fundraising $60,187$4,283,911
Part X · Balance sheet $7,222,683 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $377,963$1,090,916
X-2 Savings and temporary cash investmentsStart of year $1,499,987$1,446,909
X-3 Pledges and grants receivableStart of year $13,420$102,354
X-4 Accounts receivableStart of year $48,866$699,972
X-8 Inventories for sale or useStart of year $21,200$19,058
X-9 Prepaid expenses and deferred chargesStart of year $691$968
X-10c Land, buildings and equipment, netStart of year $3,357,875$3,345,969
X-11 Publicly traded securitiesStart of year $387,402$516,537
X-16 Total assetsStart of year $5,707,404$7,222,683
X-17 Accounts payable and accrued expensesStart of year $562,205$574,782
X-19 Deferred revenueStart of year $301,406$461,312
X-21 Escrow or custodial accountsStart of year $42,081$56,220
X-25 Other liabilitiesStart of year $784,300$0
X-26 Total liabilitiesStart of year $1,689,992$1,092,314
X-27 Net assets without donor restrictionsStart of year $3,895,182$5,893,556
X-28 Net assets with donor restrictionsStart of year $122,230$236,813
X-32 Total net assets or fund balancesStart of year $4,017,412$6,130,369
X-33 Total liabilities and net assetsStart of year $5,707,404$7,222,683
Part XI · Reconciliation of net assets $6,130,369 net assets at year end
XI-1 Total revenue$6,147,968
XI-2 Total expenses$4,283,911
XI-3 Revenue less expenses$1,864,057
XI-4 Net assets at start of year$4,017,412
XI-5 Net unrealized gains (losses) on investments$163,489
XI-6 Donated services and use of facilities$85,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,130,369

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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