New Salem Academy

Organization Overview

New Salem Academy is located in New Salem, MA. The organization was established in 1926. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Salem Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, New Salem Academy generated $83.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $15.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ACADEMY PROVIDED GRANTS TO APPLICANTS SERVING THE NEW SALEM AREA.


SCHOLARSHIPS ARE PROVIDED TO AREA RESIDENTS OF NEW SALEM OR A DECENDANT OF AN ALUMNUS OF THE ACADEMY.


THE ORGANIZATION OPERATES A PROGRAM FOR ARTS AND CRAFTS (PAC) FOR THE AREA RESIDENTS. CLASSES ARE TAUGHT BY LOCAL INSTRUCTORS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $822
Dividends & Interest $14,992
Net Rental Income$0
Net Gain on Sale of Assets $67,864
Capital Gain Net Income $67,864
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $83,678

Grants Awarded

Over the last fiscal year, New Salem Academy has awarded $47,665 in support to 3 organizations.

Grant RecipientAmount

PROGRAMSGRANTS VOTED

PURPOSE: EDUCATIONAL PROGRAMS

$33,175

SCHOLARSHIPS TO BE DETERMINED

PURPOSE: SCHOLARSHIP

$14,290

NEW SALEM WENDELL UNION

PURPOSE: EDUCATIONAL PROGRAMS

$200
View Grant Profile

Create an account to unlock the data you need.

or