Salem Multi Institute
- Assets
- $203.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Salem, OR
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 91-1780361
Organization Overview
Salem Multi Institute is located in Salem, OR. The organization was established in 1998. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Salem Multi Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Multi Institute 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 12/2021, Salem Multi Institute generated $117.0k 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 (11.4%) each year. All expenses for the organization totaled $91.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD TOLERANCE AND RESPECT BY WELCOMING EVERYONE TO EXPLORE AND CELEBRATE EACH OTHER'S CULTURES.
Describe the Organization's Program Activity:
Part 3
SUCCESSFULLY HOSTED THE 22ND ANNUAL "WORLD BEAT FESTIVAL" A CELEBRATION OF CULTURAL DIVERSITY, INCLUDING OVER 30,000 VISITORS LEARNING ABOUT CULTURAL HERITAGE AND DIVERSITY THROUGH PERFORMANCE, MUSIC, DANCE, THEATER, STORYTELLING, DISCUSSIONS, DEMONSTRATIONS, CULTURAL ACTIVITIES AND INTERACTIONS.
CREATED AND HOSTED 3 CULTURAL EXHIBITS IN THE WORLD BEAT GALLERY, AND HOSTED OVER 1,200 VISITORS
HOSTED SEVERAL STAND-ALONE CULTURAL ACTIVITIES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Fish Executive Director | 40 | $40,089 | |
Ola Elkanah Director | 2 | $0 | |
Amanda Sherrer Secretary | 2 | $0 | |
Steven Griswold Treasurer | 1 | $0 | |
Kathy Andreas Chair | 2 | $0 | |
Quenton Ihne Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,526 |
| Total Program Service Revenue | $10,995 |
| Membership dues | $0 |
| Investment income | $5,483 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,004 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,607 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,030 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,458 |
| Total expenses | $91,095 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,930 |
| Other assets | $0 |
| Total assets | $203,177 |
| Total liabilities | $9,007 |
| Net assets or fund balances | $194,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salem Multi Institute has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Arts, Culture & Humanities | $15,000 |
Endowment Analysis
| Beg. Balance | $36,990 |
| Earnings | $5,735 |
| Net Contributions | $2,000 |
| Ending Balance | $44,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Brothers For Life Seattle, WA | $4,440,367 | $6,321,338 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |
San Francisco Japanese School San Francisco, CA | $7,835,658 | $4,070,640 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |
Japanese American Cultural And Community Center Los Angeles, CA | $13,866,059 | $4,524,826 |
Silicon Andhra Milpitas, CA | $6,902,831 | $4,723,243 |
Little Italy Association Of San Diego San Diego, CA | $1,240,601 | $3,253,229 |