Nonprofit · EIN 04-2620632
SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,803,565 | $5,822,290 | $5,981,275 | $87,033,273 | $864,483 | $86,168,790 |
| June 30, 2024 | 990 | $17,102,070 | $5,660,442 | $11,441,628 | $80,264,774 | $940,764 | $79,324,010 |
| June 30, 2023 | 990 | $16,047,693 | $7,818,430 | $8,229,263 | $62,590,246 | $578,628 | $62,011,618 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,269,201
- Program service revenue
- $0
- Investment income
- $7,534,364
- Net gain from sales of assets
- $5,371,576
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,733,170
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,442
- Program services (functional)
- $4,781,650
- Management and general (functional)
- $819,746
- Fundraising (functional)
- $220,894
Balance sheet and other
- Total assets, start of year
- $80,264,774
- Total assets, end of year
- $87,033,273
- Total liabilities, end of year
- $864,483
- Net assets, end of year
- $86,168,790
- Publicly traded securities
- $59,948,310
- Net assets without donor restrictions
- $4,620,668
- Net assets with donor restrictions
- $81,548,122
- Gross receipts
- $40,580,240
- Employees
- 0
- Volunteers
- 31
- Year formed
- 1977
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Cheryl Webster | Executive Director, Term.10/24 Officer | 7.5 | $0 | $195,730 | $9,111 |
| Mandy Ray | Executive Director Eff. 10/24 Officer | 7.5 | $0 | $155,579 | $30,262 |
| Nicole Bousquet | Senior Dir./Fdn Controller Officer | 33.5 | $0 | $139,981 | $12,229 |
| Jeffrey Cicolini | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Annalisa Di Palma | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nancy A Dias | DireCTOR Trustee or director | 1 | $0 | $0 | $0 |
| Kim Gassett-Schiller | Director-at-Large Trustee or director | 1 | $0 | $0 | $0 |
| Louis J George | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Richard J Gilmartin | Director Trustee or director | 1 | $0 | $0 | $0 |
| David C Gravel | Director, Term. 04/25 Trustee or director | 1 | $0 | $0 | $0 |
| John D Keenan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrea C Liftman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Virginia C Lyons | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Joanne Mendes | DireCTOR Trustee or director | 1 | $0 | $0 | $0 |
| Michael D Procopio | Director, Term. 09/24 Trustee or director | 1 | $0 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine E Reid | Director Trustee or director | 1 | $0 |
| Stephen A Rollins Jr | Director Trustee or director | 1 | $0 |
| C David Surface | Director, Term. 04/25 Trustee or director | 1 | $0 |
| Elaine A Zetes | Director Trustee or director | 1 | $0 |
| Erik J Champy | Director Trustee or director | 1 | $0 |
| Jake J Cotter | Director Trustee or director | 1 | $0 |
| Alicia Y Depena | Director Trustee or director | 1 | $0 |
| Anthony DiVirgilio | Director Trustee or director | 1 | $0 |
| Julianna W Donovan | Director Trustee or director | 1 | $0 |
| Judith Josephs | Director Trustee or director | 1 | $0 |
| Josephine E Kennedy | Director Trustee or director | 1 | $0 |
| James J Lampassi Jr | Director Trustee or director | 1 | $0 |
| Patricia M Libby | Director Trustee or director | 1 | $0 |
| Robert H Millwee | Director Trustee or director | 1 | $0 |
| Lillian T Pinard | Director, Term. 04/25 Trustee or director | 1 | $0 |
| Yaqin Zhu | Director Trustee or director | 1 | $0 |
| Craig E Goryl | Director - Eff. 07/24 Trustee or director | 1 | $0 |
| Adam M Lord | Director - Eff. 07/24 Trustee or director | 1 | $0 |
| Judith L Thomas | Director, Eff. 07/24 Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Cheryl Webster | Executive Director Key employee | 7.5 | $0 | $196,681 | $21,754 |
| JEFFREY CICOLINI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNALISA DI PALMA | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nancy A Dias | DireCTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM GASSETT-SCHILLER | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS J GEORGE | VICE chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD J GILMARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID C GRAVEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN D KEENAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA C LIFTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VIRGINIA C LYONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Joanne Mendes | DireCTOR Trustee or director | 1 | $0 | $0 | $0 |
| Michael D Procopio | DireCTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHERINE E REID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE O RICCIARDIELLO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN A ROLLINS JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| C DAVID SURFACE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELAINE A ZETES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Erik J Champy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jake J Cotter | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alicia Y Depena | Director Trustee or director | 1 | $0 | $0 | $0 |
| Anthony DiVirgilio | Director Trustee or director | 1 | $0 | $0 | $0 |
| Julianna W Donovan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Judith Josephs | Director Trustee or director | 1 | $0 | $0 | $0 |
| Josephine E Kennedy | Director Trustee or director | 1 | $0 | $0 | $0 |
| James J Lampassi Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patricia M Libby | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert H Millwee | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lillian T Pinard | Director Trustee or director | 1 | $0 | $0 | $0 |
| Yaqin Zhu | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHERYL CROUNSE | EXECUTIVE DIRECTOR Key employee | 7.5 | $0 | $203,766 | $13,722 |
| JEFFREY CICOLINI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNALISA DI PALMA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NANCY A DIAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM GASSETT-SCHILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS J GEORGE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD J GILMARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID C GRAVEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN D KEENAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA C LIFTMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VIRGINIA C LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE MENDES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL A PETROWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL D PROCOPIO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHERINE E REID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE O RICCIARDIELLO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN A ROLLINS JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHY L SKRABUT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C DAVID SURFACE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELAINE A ZETES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 352 LAFAYETTE ST, SALEM, MA 01970-5348
- In care of
- % MANDY RAY
- Principal officer (990 for 2024)
- MANDY RAY, 352 Lafayette Street, Salem, MA 01970
- Signed the 990
- MANDY RAY, EXECUTIVE DIRECTOR
- Phone
- (978) 542-7253
- Website
- SALEMSTATE.EDU
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
TO HELP SALEM STATE UNIVERSITY MEET ITS NEEDS AND GOALS BY RAISING AND MANAGING CONTRIBUTIONS.
Program accomplishments
- GRANTS AND ALLOCATIONS MADE TO STUDENTS OF SALEM STATE UNIVERSITY AND DEPARTMENTS WITHIN SALEM STATE UNIVERSITY WHICH IS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT PURPOSE.Expenses $4,781,650 · grants $4,733,170
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2620632
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $87,033,273
- Income (IRS master file)
- $40,580,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,803,565 | $5,822,290 | $87,033,273 | XML |
| 990 | June 2024 | $17,102,070 | $5,660,442 | $80,264,774 | XML |
| 990 | June 2023 | $16,047,693 | $7,818,430 | $62,590,246 | XML |
| 990 | June 2022 | $9,786,265 | $5,834,074 | $50,036,671 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2620632).
Questions about SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC
- What is the EIN of SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC?
- The employer identification number (EIN) of SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC is 04-2620632.
- Is SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MANDY RAY.
- Who are the officers and directors of SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 34 people; 0 received compensation from the organization.
- How much revenue does SALEM STATE UNIVERSITY ALUMNI ASSOCIATION AND FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,803,565, expenses of $5,822,290 and total assets of $87,033,273 at year end.
Other nonprofits in SALEM
- LEAP FOR EDUCATION INC EIN 47-1445061 · last filed 990 for 2025
- SALEM ACADEMY CHARTER SCHOOL FOUNDATION INC EIN 83-0368169 · last filed 990 for 2025
- OLIVER KILLAM PRIVATE FOUNDATION TRUST EIN 05-0566794 · last filed 990-PF for 2024
- PROPRIETORS OF THE SALEM ATHENAEUM EIN 04-1802590 · last filed 990 for 2025
- SALEM ROTARY CLUB VANCE M SMITH III SCHOLARSHIP FOUNDATION INC EIN 04-3168434 · last filed 990 for 2024
- EXPLORERS LIFELONG LEARNING INSTITUTE OF SSC INC EIN 75-3112187 · last filed 990-EZ for 2025
- THE GREENHOUSE SCHOOL INC EIN 04-2801463 · last filed 990 for 2024
- ZERO BALANCING TOUCH FOUNDATION INC EIN 46-2286012 · last filed 990-EZ for 2025