THE SALEM FOUNDATION
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2025 (Year End)
$37,574,532
Investments
87%
Property, Plant, & Equipment (net)
8%
Other Assets
3%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2025 (Year End)
$279,472
Grants Payable
81%
Other Liabilities
19%
Payables & Accruals
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,445,413
$816,884
-43%
Receivables (Non-Related)
$4,815,268
$30,843
-99%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$29,383,793
$32,830,186
+12%
Property, Plant, & Equipment (net)
$2,855,798
$2,839,162
-1%
Other Assets
$1,058,410
$1,057,457
0%
Total Assets
$39,558,682
$37,574,532
-5%
Liabilities
2024
2025
Change
Payables & Accruals
-
-
-
Grants Payable
$735,862
$226,030
-69%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$50,413
$53,442
+6%
Total Liabilities
$786,275
$279,472
-64%
Net assets
2024
2025
Change
Restricted Net Assets
$5,746,168
$986,530
-83%
Unrestricted Net Assets
$33,026,239
$36,308,530
+10%
Net assets
2024
2025
Change
Net assets
+$38,772,407
+$37,295,060
-4%
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