SALEM STATE UNIVERSITY FOUNDATION INC

SALEM STATE UNIVERSITY FOUNDATION INC

SALEM, MA, US
501(c)(3)
EIN
04-2620632

SALEM STATE UNIVERSITY FOUNDATION INC

SALEM, MA, US
501(c)(3)
EIN
04-2620632

Overview

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Est.

1977

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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The Salem State University Foundation Inc, with EIN 04-2620632, is dedicated to supporting Salem State University by raising and managing contributions to meet its needs and goals in higher education. Operating with an annual budget of $820.3K and total revenue of $17.1M for the 2024 filing year, the organization relies on multiple funders, none of which provide 50% or more of its revenue. For more information, visit their website at salemstate.edu.

Mission Statement

TO HELP SALEM STATE UNIVERSITY MEET ITS NEEDS AND GOALS BY RAISING AND MANAGING CONTRIBUTIONS.
Revenues

$17.1M

Expenses

$5.7M

Net Income:
+$11.4M
Assets

$80.3M

Liabilities

$940.8K

Net Assets:
+$79.3M
Operating Budget

$820.3K

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

13

Median grant size
$12.1K
Largest grant received
$100K
J
Joanne Mendes
Board Member
J
Joanne O Ricciardiello
Board Member
M
Michael D Procopio
Board Member

Frequently Asked Questions

What is SALEM STATE UNIVERSITY FOUNDATION INC’s budget?
In 2024, SALEM STATE UNIVERSITY FOUNDATION INC reported an annual operating budget of around $820 thousand. More detailed financial information is available to registered users.
What causes does SALEM STATE UNIVERSITY FOUNDATION INC support?
SALEM STATE UNIVERSITY FOUNDATION INC supports work in Higher education.
Where does SALEM STATE UNIVERSITY FOUNDATION INC operate?
SALEM STATE UNIVERSITY FOUNDATION INC is headquartered in SALEM, MA.
Who funded SALEM STATE UNIVERSITY FOUNDATION INC recently?
In 2025, SALEM STATE UNIVERSITY FOUNDATION INC received grants from Boston Foundation, Inc, AMERICAN ONLINE GIVING FOUNDATION INC, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant SALEM STATE UNIVERSITY FOUNDATION INC received in 2024?
The largest grant to SALEM STATE UNIVERSITY FOUNDATION INC in 2024 exceeds $100 thousand.
What is SALEM STATE UNIVERSITY FOUNDATION INC’s reliance on government grants?
SALEM STATE UNIVERSITY FOUNDATION INC relied on government grants for less than 5% of their total revenue in 2024.
Overview
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