Salem Foundation Pioneer Trust Company Trustee
- Assets
- $34.6m
- Revenue
- $4.7m
- Investments
- $29.1m
- Employees
- 0
- Location
- Salem, OR
- Founding
- 12/1964
- Data as of
- 04/2022
- EIN
- 93-6018523
Organization Overview
Salem Foundation Pioneer Trust Company Trustee is located in Salem, OR. The organization was established in 1964. According to its NTEE Classification (T31) the organization is classified as: Community 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. Salem Foundation Pioneer Trust Company Trustee 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 04/2022, Salem Foundation Pioneer Trust Company Trustee generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.4m during the year ending 04/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Salem Foundation Pioneer Trust Company Trustee has awarded 365 individual grants totaling $21,811,716. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DISTRIBUTIONS WERE MADE TO 90 TAX-EXEMPT ORGANIZATIONS. THE MAJORITY OF CONTRIBUTIONS ARE MADE TO ORGANIZATIONS IN THE VICINITY OF SALEM, OREGON.
COLLEGE SCHOLARSHIPS WERE AWARDED TO 41 STUDENTS IN THE SALEM AREA.
MAKE MUSIC DAY EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pioneer Trust Bank Na Trustee | 40 | $485,875 | |
Brian Condello Cmtee Member | Trustee | 0.25 | $0 |
Laura Tesler Cmtee Member | Trustee | 0.25 | $0 |
Debra Lush Chairman | Trustee | 0.25 | $0 |
Louis-Claude Nguea-Njoh Cmtee Member | Trustee | 0.25 | $0 |
Terry Hancock Cmtee Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,988,425 |
| Noncash contributions included in lines 1a–1f | $747,591 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,988,425 |
| Total Program Service Revenue | $0 |
| Investment income | $500,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $462,977 |
| Net Gain/Loss on Asset Sales | $794,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,735,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,877,561 |
| Grants and other assistance to domestic individuals. | $51,715 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,875 |
| Compensation of current officers, directors, key employees. | $485,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $14,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,442,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,371,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,770 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,091,708 |
| Investments—publicly traded securities | $14,222 |
| Investments—other securities | $29,085,806 |
| Investments—program-related | $0 |
| Intangible assets | $6,000 |
| Other assets | $1,000,926 |
| Total assets | $34,628,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $271,763 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,355 |
| Total liabilities | $304,118 |
| Net assets without donor restrictions | $33,361,928 |
| Net assets with donor restrictions | $962,414 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,628,460 |
Grants Awarded
Over the last fiscal year, Salem Foundation Pioneer Trust Company Trustee has awarded $3,791,305 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
WILLAMETTE REGIONAL EDUCATION PURPOSE: GENERAL | $500,000 |
Salem, OR PURPOSE: GENERAL | $500,000 |
Salem, OR PURPOSE: GENERAL | $495,227 |
Salem, OR PURPOSE: GENERAL | $280,198 |
Salem, OR PURPOSE: GENERAL | $237,769 |
Salem, OR PURPOSE: GENERAL | $233,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salem Foundation Pioneer Trust Company Trustee has recieved totaling $1,377,650.
| Awarding Organization | Amount |
|---|---|
Larry And Jeanette Epping Family Foundation Salem, OR PURPOSE: GENERAL SUPPORT AND CAPITAL IMPROVEMENTS | $1,377,650 |
Endowment Analysis
| Beg. Balance | $4,316,928 |
| Earnings | -$1,451 |
| Admin Expense | $65,719 |
| Net Contributions | $14,340 |
| Grants | $43,663 |
| Ending Balance | $4,220,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |