The@salem Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $208.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 26-3476718
Organization Overview
The@salem Family Foundation Inc is located in Mclean, VA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@salem Family Foundation Inc 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 06/2023, The@salem Family Foundation Inc generated $208.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $56.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, The@salem Family Foundation Inc has awarded 117 individual grants totaling $556,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED PALESTINIAN APPEAL, INC.
UNITED PALESTINIAN APPEAL, INC.
MIDDLE EAST INSTITUTE
MIDDLE EAST INSTITUTE
MIDDLE EAST INVESTMENT INITIATIVE
MIDDLE EAST INVESTMENT INITIATIVE
AMERICAN ARAB INSTITUTE FOUNDATION
AMERICAN ARAB INSTITUTE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George R Salem President | 0 | $0 | |
Rhonda M Ziadeh Salem Secretary/treasurer | 0 | $0 | |
James G Salem Assistant Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $119,348 |
| Interest on Savings | $2 |
| Dividends & Interest | $47,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,798 |
| Capital Gain Net Income | $41,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $208,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,224 |
| Total operating and administrative expenses | $11,249 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $56,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,494 |
| Savings and temporary cash investments | $3,993 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,494,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The@salem Family Foundation Inc has awarded $45,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM UNIVERSITY FOUNDATION PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION | $5,000 |
UNITED PALESTINIAN APPEALS PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION | $15,000 |
JILL'S HOUSE PURPOSE: SUPPORT OF 501(C)(3) ORGANIZATION | $1,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION | $6,000 |
GEORGETOWN U CENTER FOR CONTEMPORARY ARAB STUDIES PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION | $1,000 |
ARAB AMERICAN INSTITUTE PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION | $2,000 |