Salem Academy and College
Salem Academy and College reported $33.0 million in revenue and $35.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $68.28 went to program services, $28.21 to management and general costs and $3.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 48.1% of the total. The highest compensation it reported for one person was $326,230 (PRESIDENT). 13 people received more than $100,000 in reportable compensation. Revenue rose 14% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $36MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $33MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 68.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 28.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 30.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 48.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $326,230 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.91% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 13 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 30.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSalem Academy & College provides a college education to approximately 386 full time college students, a high school education to approximately 73 full time students (grades 9-12), and provides continuing education to approximately 103 part-time students throughout the community. The college also provides on-campus food services and housing to approximately 215 students who maintain residence on the campus of Salem College, and 33 students who maintain residence at Salem Academy
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 50.00 hrs/week | $297,415 | $0 | $28,815 | $326,230 |
| VP FINANCE/CFO Officer, 50.00 hrs/week | $184,831 | $0 | $11,007 | $195,838 |
| CHIEF OF STAFF Highest compensated employee, 50.00 hrs/week | $164,371 | $0 | $10,377 | $174,748 |
| VP FOR ACADEMIC AFFAIRS Officer, 50.00 hrs/week | $148,665 | $0 | $9,802 | $158,467 |
| VP OF INSTITUTIONAL ADVANCEMENT Officer, 50.00 hrs/week | $139,733 | $0 | $10,607 | $150,340 |
| EXECUTIVE DIRECTOR OF OPERATIONS Highest compensated employee, 50.00 hrs/week | $120,629 | $0 | $9,876 | $130,505 |
| ASST VP OF FINANCE & CONTROLLER Highest compensated employee, 50.00 hrs/week | $114,623 | $0 | $9,486 | $124,109 |
| ADMISSIONS DIRECTOR Highest compensated employee, 50.00 hrs/week | $113,550 | $0 | $10,488 | $124,038 |
13 people received more than $100,000 in reportable compensation from Salem Academy and College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5430
- Volunteers Part I, line 617
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ARAMARK SERVICES INC Dining services | $1,959,596 |
| RPM PARTENRS INC Architectural services | $1,048,948 |
| EAB GLOBAL INC Student marketing & research | $632,949 |
| NOVANT CORPORATE HEALTH Health services | $561,247 |
| NWN CORPORATION Network services | $272,986 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
29 private foundations reported grants to Salem Academy and College totaling $3.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Salem Academy and College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Salem Academy and College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Salem Academy and College spent in FY2025, $68.28 went to programs. The full breakdown, from its IRS Form 990:
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All education charities · Largest charities in North Carolina
Questions people ask
How much of Salem Academy and College's spending goes to programs?
In the fiscal year ending June 30, 2025, Salem Academy and College reported that 68.3% of its $35.7 million in expenses went to program services, 28.2% to management and general and 3.5% to fundraising (Form 990, Part IX).
How much does Salem Academy and College pay its top executive?
The largest total compensation Salem Academy and College reported for one person in the fiscal year ending June 30, 2025 was $326,230, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Salem Academy and College get its money?
Of $33.0 million in revenue in the fiscal year ending June 30, 2025, 30.9% came from contributions and grants (including 0.8% from government grants) and 48.1% from program service revenue (Form 990, Part VIII).
Is Salem Academy and College a registered charity?
The IRS lists EIN 56-0530005 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620969349300632 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531299349302948 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349308378 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331259349301548 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231299349303808 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349303906 · read the filing
All filings for EIN 56-0530005: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.