EIN 56-0587289

Old Salem

Name: Old Salem financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

144

City

Winston Salem

State

North Carolina

Year formed

1950

Most recent tax filings

2023-12-01

NTEE code, primary

A54: History Museums

Description

Old Salem preserves and interprets the history and material culture of the early American South and the Moravian town of Salem through its historical preservation program, which restores and maintains 30 historic properties and over 15,000 antiquities acquired for collection and exhibit to the public. The educational program offers guided interpretive tours, special events, museum classes, and summer apprenticeship programs to educate visitors. Old Salem is located in Winston Salem, NC.

Total revenues

$7,060,262

2023

Total expenses

$6,101,907

2023

Total assets

$69,957,134

2023

Num. employees

144

2023

Program areas at Old Salem

Educational program: interpretive tours, special events and museum class programs are held for educational purposes.

Museum program: a museum of early southern decorative arts.

Historical preservation program: includes restoration and maintenance of 30 historic properties and over 15,000 antiquities acquired for collection and exhibit to the public.

Who funds Old Salem

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Winston-Salem Foundation	2022-12	42 Grant(s) for Varying Purposes	$61,041
Marpat Foundation Incorporation	2017-12	Historic Preservation	$30,000
Vanguard Charitable Endowment Program	2023-06	For Recipient's Exempt Purpose	$24,000
...and 5 more grants received

Personnel at Old Salem

Name	Title	Compensation	Date of data
Terry Taylor	President and Chief Executive Officer	$134,434	2024-06-20
Daniel Ackermann	Chief Curator and Director of Collections		2023-08-02
Joey Upper	Director of Marketing and Communications		2023-08-02
Gary Rohrer	Director of Information and Technologies / Manager of Information Systems		2022-03-05
Michelle Cook	Senior Director of Development		2023-08-02
...and 19 more key personnel

Financials for Old Salem

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$3,279,336	$1,465,994	123.7%
Program services	$925,977	$660,727	40.1%
Investment income and dividends	$1,244,080	$1,501,150	-17.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$399	$265	50.6%
Net rental income	$16,067	$23,573	-31.8%
Net gain from sale of non-inventory assets	$744,175	$2,011,490	-63%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$835,969	$876,719	-4.6%
Miscellaneous revenues	$14,259	$11,216	27.1%
Total revenues	$7,060,262	$6,551,134	7.8%

Form 990s for Old Salem

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-06-20	990	View PDF
2022-12	2023-06-20	990	View PDF
2021-12	2022-09-06	990	View PDF
2020-12	2022-03-23	990	View PDF
2020-12	2021-06-18	990	View PDF
...and 11 more Form 990s

Organizations like Old Salem

Organization	Type	Location	Revenue
Strawbery Banke Museum	501(c)(3)	Portsmouth, NH	$5,700,238
Genesee Country Village and Museum	501(c)(3)	Mumford, NY	$6,240,363
Baltimore Museum of Industry	501(c)(3)	Baltimore, MD	$2,502,006
Stuhr Museum of the Prairie Pioneer	501(c)(3)	Grand Island, NE	$2,040,028
Colorado Railroad Museum	501(c)(3)	Golden, CO	$4,316,138
Boca Raton Historical Society	501(c)(3)	Boca Raton, FL	$3,081,705
Autry Museum of the American West	501(c)(3)	Los Angeles, CA	$6,234,988
Senator John Heinz History Center	501(c)(3)	Pittsburgh, PA	$13,063,031
Museum of Ventura County	501(c)(3)	Ventura, CA	$2,323,453
The Elliott Museum	501(c)(3)	Stuart, FL	$1,846,061

Data update history

August 4, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 22, 2024

Used new vendors

Identified 1 new vendor, including

May 18, 2024

Received grants

Identified 1 new grant, including a grant for $1,000 from Dudley and Constance Godfrey Foundation

December 24, 2023

Received grants

Identified 2 new grant, including a grant for $61,041 from The Winston-Salem Foundation

August 2, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

Arts, culture, and humanities nonprofitsMuseumsCharities

Issues

EducationArts, cultural, and humanities

Characteristics

Conservation easementReceives government fundingEndowed supportTax deductible donationsAccepts online donations

General information

Address: 600 S Main St; Winston Salem, NC 27101
Metro area: Winston-Salem, NC
County: Forsyth County, NC
Website URL: oldsalem.org/
Phone: (336) 721-7300
Facebook page: OldSalemInc
Twitter profile: @oldsaleminc

IRS details

EIN: 56-0587289
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1950
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A54: History Museums
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Independent

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Old Salem

Program areas at Old Salem

Who funds Old Salem

Personnel at Old Salem

Financials for Old Salem

Form 990s for Old Salem

Organizations like Old Salem

Nonprofits

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