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Salem Academy & College

Public charityFed auditsIRS 990990-T FY2023
DBA: % BUSINESS OFFICE
Other · WINSTON SALEM, NC · EIN 56-0530005

About

See schedule o

In care of Business Office

Donations are tax-deductible
Category
Other
Employees
402
Volunteers
10

Financial Snapshot

FY ending 2023-06-30
Revenue
$26.7M
Expenses
$30.3M
Assets
$104.9M
Liabilities
$18.6M

Financial history

$44.7M$22.3M$0
1617181920212223
RevenueExpenses
Latest FY2023: $26.7M · Peak FY2017: $42.8M · Avg: $38.2M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$6.9M
SALEM ACADEMY & COLLEGE
Your actions

Address

601 S Church ST
Winston Salem, NC, 27101-531

Governance

Voting board members22
Independent members22
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %2.9%
Permanent endowment %75.4%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org-$338K
Retained by contractors$338K
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.