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EIN 56-0530005

Salem Academy and College

IRS 501(c) type
501(c)(3)
Num. employees
402
City
Winston Salem
State
North Carolina
Year formed
1772
Most recent tax filings
2023-06-01
NTEE code, primary
B42: Undergraduate College (4-year)
Description
A college and high school in Winston-Salem, NC, with around 347 full-time college students, 60 full-time high school students, and 96 part-time continuing education students.
Also known as...
Salem College
Total revenues
$26,737,424
2023
Total expenses
$30,327,637
2023
Total assets
$104,896,332
2023
Num. employees
402
2023

Program areas at Salem Academy and College

Salem Academy & College provides a College education to approximately 362 full time College students, a high school education to approximately 69 full time students (grades 9-12), and provides continuing education to approximately 94 part-time students throughout the community. The College also provides adequate food services and housing to approximately 159 students who maintain residence on the campus of Salem College, and 30 students who maintain residence at Salem Academy.

Who funds Salem Academy and College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$3,041,400
Drew FoundationGeneral Charitable Purpose$833,000
Schwab Charitable FundEducation$516,200
...and 34 more grants received totalling $6,717,561

Personnel at Salem Academy and College

NameTitleCompensation
David BrowningVice President Finance and Administration , Chief Financial Officer$170,799
Ken BuchananFormer Vice President of Finance and Adminstration$107,474
Renee Garcia PrajerChief of Staff$170,076
Katherine WattsVice President Strategic Planning$129,305
Kathy M BarnesVice President of Institutional Advancement$115,788
...and 7 more key personnel

Financials for Salem Academy and College

RevenuesFYE 06/2023
Total grants, contributions, etc.$10,888,843
Program services$10,673,595
Investment income and dividends$1,912,897
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$33,460
Net gain from sale of non-inventory assets$-634,245
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,862,874
Total revenues$26,737,424

Form 990s for Salem Academy and College

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-05990View PDF
2021-062022-05-09990View PDF
2020-062021-05-25990View PDF
2019-062020-09-10990View PDF
...and 9 more Form 990s

Organizations like Salem Academy and College

OrganizationLocationRevenue
Ashland UniversityAshland, OH$130,719,861
Anderson University (AU)Anderson, SC$131,165,523
Saint Joseph's College of MaineStandish, ME$48,073,477
Ohio Wesleyan University (OWU)Delaware, OH$112,058,713
Academy of the New Church Secondary Schools (ANCSS)Bryn Athyn, PA$41,435,980
Rochester Christian University (RC)Rochester Hills, MI$24,706,320
Ferrum CollegeFerrum, VA$43,486,308
Moravian UniversityBethlehem, PA$132,107,742
Taylor UniversityUpland, IN$130,385,822
Ursuline CollegePepper Pike, OH$33,662,867
Data update history
November 26, 2024
Received grants
Identified 5 new grant, including a grant for $280,000 from Lettie Pate Whitehead Foundation
August 25, 2024
Received grants
Identified 16 new grant, including a grant for $833,000 from Drew Foundation
July 21, 2024
Updated personnel
Identified 12 new personnel
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
SchoolsHigher ed institutions
Issues
EducationWomen and girls
Characteristics
ChristianReligiousConservation easementState / local levelReceives government fundingEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
601 S Church St
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
salem.edu 
Phone
(336) 917-5764
Facebook page
salemcollege 
Twitter profile
@salemcollege 
IRS details
EIN
56-0530005
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1772
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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