TOTAL REVENUE - FISCAL 2025
$7,057,574
Up 41.7% from $4,981,962 in fiscal 2024.
Salem Community Foundation Inc
Salem, Ohio - EIN 34-1001130 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed May 5, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed May 5, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Salem Community Foundation Inc reported $7,057,574 in revenue and $2,916,359 in expenses in fiscal 2025, a surplus of $4,141,215 for the year. Program services took $2,793,729 of expenses, or 95.8%. The organization closed the year with $48,416,846 in net assets - about 199.2 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$2,916,359
Revenue minus expenses: $4,141,215 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
95.8%
$2,793,729 of $2,916,359 went to program services.
NET ASSETS - END OF FISCAL 2025
$48,416,846
Total assets $48,417,373 minus total liabilities $527.
PEOPLE REPORTED - FISCAL 2025
2 Employees
Plus 18 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed May 5, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.00 - $0 in fundraising expenses divided by $2,647,219 in total contributions.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $2,647,219 |
| All Other Contributions | $2,647,219 |
| Program Service Revenue | $0 |
| Investment Income | $4,410,355 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $7,057,574 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
199.2 Months
of reserves - $48,416,846 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $243,029 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $48,417,373 |
| Total Liabilities | $527 |
| Liabilities as Share of Assets | 0.0% |
| Net Assets | $48,416,846 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed May 5, 2026.
No compensation was reported for any officer, director, trustee or key employee on the fiscal-2025 Form 990. Everyone named on the filing served without pay from the organization, as reported.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed May 5, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
18 voting members, 18 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Steven J Bailey | Director |
| Thomas Baker | Director |
| Carolyn Caldwell | Director |
| Larry G Cecil | Director |
| Shane R Franks | Director |
| Karl Getzinger | Director |
| Geoffrey S Goll | Director |
| Vicki Hall | Director |
| Sean Kirkland | Director |
| Richard K Lutsch | Director |
| Deborah B McCulloch | Director |
| Audrey Null | Director |
| Louis A Ramunno | Director |
| Joseph P Sedzmak | Director |
| Mark C Equizi | Treasurer |
| George W S Hays | Secretary |
| Robert S McCulloch III | Vice Preside |
| John E Tonti | President |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsNo
Board Size and Independence18 voting / 18 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $2,675,630 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Kent State University Foundation SCHOLARSHIPS AND RIS | $128,005 |
| Salem Community Center Association BOND & INT PMTS/OPER | $725,023 |
| Salem Parks & Recreation - Waterwor WATERSLIDE | $25,000 |
| The Brightside Project BACK TO SCHOOL CLOTH | $28,000 |
| United Way Of Northern Columbiana C SUPPORTS 20 SOCIAL S | $40,000 |
| Salem Community Pantry HANDICAP ACCES | $10,000 |
| Burchfield Homestead Society Inc MAINTENANCE AND IMPR | $23,170 |
| City Of Salem- Fire Department LIFEPAK 35 CARDIAC | $15,000 |
| Salem Junior Baseball League 4 NEW FIELDS | $50,000 |
| The Salvation Army- Salem Corps BEST FOOT FORWARD | $16,800 |
| Other Grants | $1,614,632 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $4,981,962 | - |
| Fiscal 2025 | $7,057,574 | +41.7% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed May 5, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.