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EIN 04-2620632

Salem State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Salem
State
Massachusetts
Year formed
1977
Most recent tax filings
2023-06-01
NTEE code, primary
B80: Student Services and Organizations of Students
Description
The Salem State University Foundation raises and manages contributions to help the university meet its needs and goals. It grants and allocates funds to students and departments in alignment with its exempt purpose. It is located in Salem, MA.
Also known as...
Salem State University Alumni Association and Foundation
Total revenues
$16,047,693
2023
Total expenses
$7,818,430
2023
Total assets
$62,590,246
2023
Num. employees
0
2023

Program areas at Salem State University Foundation

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.

Who funds Salem State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Klarman Family FoundationChildren's Mental Health: To Support Planning at the School of Social Work and Financial Assistance for Its Students$500,000
Fidelity Non-Profit Management FoundationProgram Development/evaluation$500,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$400,000
...and 21 more grants received totalling $1,984,006

Personnel at Salem State University Foundation

NameTitleCompensation
Cheryl CrounseExecutive Director$0
Kathy L SkrabutImmediate Past Chair$0
Louis J GeorgeVice Chair$0
Andrea C LiftmanSecretary$0
Jeffrey CicoliniTreasurer$0
...and 6 more key personnel

Financials for Salem State University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$14,474,881
Program services$135,186
Investment income and dividends$1,309,343
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$128,283
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,047,693

Form 990s for Salem State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-07990View PDF
2022-062023-03-17990View PDF
2021-062022-03-17990View PDF
2020-062021-04-14990View PDF
2019-062020-08-10990View PDF
...and 9 more Form 990s
Data update history
October 20, 2024
Received grants
Identified 1 new grant, including a grant for $12,000 from The Suzanne and Richard Pieper Family Foundation
October 19, 2024
Updated personnel
Identified 11 new personnel
July 23, 2024
Received grants
Identified 5 new grant, including a grant for $44,566 from Peter and Elizabeth C. Tower Foundation Trust
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 11 new grant, including a grant for $10,000,000 from Oneworld Boston
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelReceives government fundingEndowed supportAuction fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
352 Lafayette St
Salem, MA 01970
Metro area
Boston-Cambridge-Newton, MA-NH
County
Essex County, MA
Website URL
salemstate.edu/ 
Phone
(978) 542-7590
Facebook page
SSUalumniassoc 
Twitter profile
@salemstatealum 
IRS details
EIN
04-2620632
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0284666
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-31
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