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Filing year 2024

SALEM FOUNDATION INC

Wayzata, Minnesota·EIN 41-6058845·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$23k
Total assets
$770k
Total expenses
$24k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. SALEM FOUNDATION INC reported 4 unpaid officers and board members on its 990-PF.

President
Secretary
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$18k

Itemized grants

17

Median grant

$1k

RecipientLocationPurposeAmount
WAYZATA COMMUNITY CHURCHWAYZATA, MNRELIGIOUS PROGRAM SUPPORT$3k
ST JUDE CHILDREN'S RESEARCH HOSPITALMEMPHIS, TNHEALTH SERVICES PROGRAM SUPPORT$2k
VOLUNTEER FLORIDA FOUNDATIONTALLAHASSEE, FLSOCIAL SERVICES PROGRAM SUPPORT$2k
ANGEL FOUNDATIONMENDOTA HEIGHTS, MNSOCIAL SERVICES PROGRAM SUPPORT$1k
MINNEAPOLIS SAILING CENTERMINNEAPOLIS, MNEDUCATIONAL PROGRAM SUPPORT$1k
SALTY CHURCHORMOND BEACH, FLRELIGIOUS PROGRAM SUPPORT$1k
WASECA COUNTY HUMANE SOCIETYWASECA, MNSOCIAL SERVICES PROGRAM SUPPORT$1k
MILWAUKEE HABITAT FOR HUMANITYMILWAUKEE, WISOCIAL SERVICES PROGRAM SUPPORT$1k
CENTRO DE TRABAJADORES UNIDOS EN LA LUCHAMINNEAPOLIS, MNSOCIAL SERVICES PROGRAM SUPPORT$1k
INTERNATIONAL OWL CENTERHOUSTON, MNENVIRONMENTAL PROGRAM SUPPORT$1k
CYNTHIA GARRETT MINISTRIESNASHVILLE, TNRELIGIOUS PROGRAM SUPPORT$1k
INTERNATIONAL RESCUE COMMITTEENEW YORK, NYSOCIAL SERVICES PROGRAM SUPPORT$1k
FRIENDS OF THE BANDSHELL INCDAYTONA BEACH, FLENVIRONMENTAL PROGRAM SUPPORT$500
HOBART & WILLIAM SMITH COLLEGESGENEVA, NYEDUCATIONAL PROGRAM SUPPORT$500
INNERCITY TENNIS FOUNDATIONMINNEAPOLIS, MNPROGRAM SUPPORT$500
SECOND HARVEST OF CENTRAL FLORIDAORLANDO, FLSOCIAL SERVICES PROGRAM SUPPORT$500
OPEN ARMS OF MINNESOTAMINNEAPOLIS, MNSOCIAL SERVICES PROGRAM SUPPORT$250
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

SALEM FOUNDATION INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$175k
$55k
2021
$17k
$327k
2023
$23k
$24k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

SALEM FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about SALEM FOUNDATION INC

What are SALEM FOUNDATION INC's revenue and expenses?

In 2024, SALEM FOUNDATION INC reported $23k in total revenue and $24k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.