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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7052987

SALEM ACADEMY FOUNDATION INC

Tax-exempt (reinstated) · SALEM, OR 97301

Financials

$27K$3K2025
Revenue Expenses · by fiscal year end
Financials of SALEM ACADEMY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$27,230$3,143$24,087$635,277$0$635,277
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$5,000
Program service revenue
$0
Investment income
$22,230
Other revenue
$0

Expenses

Grants and similar amounts paid
$500
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,310
Program services (functional)
$500
Management and general (functional)
$2,643

Balance sheet and other

Total assets, start of year
$588,921
Total assets, end of year
$635,277
Total liabilities, end of year
$0
Net assets, end of year
$635,277
Publicly traded securities
$631,801
Net assets without donor restrictions
$18,856
Net assets with donor restrictions
$616,421
Gross receipts
$27,230
Employees
0
State of legal domicile
OR

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOEL BLOUNTPresident
Trustee or director
0.5$0
DR GENE SOMPHONEBOARD MEMBER
Trustee or director
0.5$0
DONALD LEAVITTTreasurer
Trustee or director, Officer
1$0
LARRAINE ERLANDBOARD MEMBER
Trustee or director
0.5$0
MELISSA LEAVITTBOARD MEMBER
Trustee or director
0.5$0
TIM PETERSONSecretary
Trustee or director, Officer
0.5$0
JANELLE CASHBOARD MEMBER
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
942 LANCASTER DR NE, SALEM, OR 97301-2931
Signed the 990
JOEL BLOUNT, President
Phone
(503) 316-0880
Return prepared by
Fischer Hayes Joye & Allen LLC

Mission

TO RAISE AND INVEST FUNDS TO HELP SUPPORT SALEM ACADEMY, AN ELEMENTARY, MIDDLE, AND HIGH SCHOOL LOCATED IN SALEM OREGON

990 for the year ended December 31, 2025

Program accomplishments

  • SCHOLARSHIPS
    Expenses $500

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024Check at the IRS

File the 2026 990-N for SALEM ACADEMY FOUNDATION INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
23-7052987
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2025
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B11)
Assets (IRS master file)
$635,277
Income (IRS master file)
$27,230

Revocation and reinstatement

Exemption revoked
May 15, 2022
Posted by the IRS
February 15, 2023
Reinstated
Effective May 15, 2022

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$27,230$3,143$635,277IRS
990December 2018–––IRS
990December 2017–––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 23-7052987).

Questions about SALEM ACADEMY FOUNDATION INC

What is the EIN of SALEM ACADEMY FOUNDATION INC?
The employer identification number (EIN) of SALEM ACADEMY FOUNDATION INC is 23-7052987.
Is SALEM ACADEMY FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
Are donations to SALEM ACADEMY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SALEM ACADEMY FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of SALEM ACADEMY FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SALEM ACADEMY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of SALEM ACADEMY FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does SALEM ACADEMY FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $27,230, expenses of $3,143 and total assets of $635,277 at year end.

Other nonprofits in SALEM

All nonprofits in SALEM · Oregon · Education