SALEM ACADEMY AND COLLEGE Charity Report

Public IRS 990 nonprofit record

SALEM ACADEMY AND COLLEGE

EIN 56-0530005 · Education (B420)

What they do

SALEM ACADEMY and COLLEGE is A DIVERSE COMMUNITY DEDICATED to EDUCATING GIRLS and WOMEN and EMPOWERING THEM to LEAD. SINCE 1772, SALEM ACADEMY FOSTERS GIRLS to BECOME COMPASSIONATE and CREATIVE LEADERS WHO CHART THEIR PATHS WITH CHARACTER, CURIOSITY, and COURAGE. AT SALEM ACADEMY, CORE VALUES SUCH AS TRANSFORMATIVE LEARNING, COMPREHENSIVE WELLNESS, and INCLUSIVE COMMUNITY PROVIDE AN EXTRAORDINARY EDUCATIONAL EXPERIENCE to PREPARE STUDENTS for COLLEGE and LIFE. SALEM COLLEGE, A PREMIER WOMENS COLLEGE COMMITTED to ADVANCING EQUITY IN HEALTH and IN SOCIETY, is GROUNDED IN THE LIBERAL ARTS. AT SALEM COLLEGE, CORE VALUES SUCH AS INTELLECTUAL CURIOSITY, EQUITY and BELONGING, and COURAGEOUS LEADERSHIP DEVELOPS STUDENTS POTENTIAL to PREPARE THEM to CREATE HEALTHIER and MORE EQUITABLE COMMUNITIES

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $68.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.03%of revenue went to mission work68.3% of expenses · Program services

3.80%of revenue went to fundraising3.5% of expenses

$108.42spent for every $100 of revenueSpending was higher than revenue this year.

30.58%of revenue went to management and office costs28.2% of expenses

$3.17in assets for every $1 spent this yearSome assets cannot be spent right away.

30.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,773,100 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $326,230 for SUMMER MCGEE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$32,951,649

Mission workProgram services$24,393,84374.03% of revenue68.3% of expenses

ManagementOffice and general costs$10,077,26830.58% of revenue28.2% of expenses

FundraisingAsking for donations$1,253,6383.80% of revenue3.5% of expenses

Total expenses$35,724,749108.42% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 68.3% mission · 28.2% management · 3.5% fundraisingTotal expenses: 108.42% of revenue

2023Expense mix: 74.2% mission · 21.5% management · 4.3% fundraisingTotal expenses: 85.70% of revenue

2022Expense mix: 67.9% mission · 27.1% management · 5.0% fundraisingTotal expenses: 113.43% of revenue

2021Expense mix: 71.6% mission · 25.2% management · 3.2% fundraisingTotal expenses: 73.56% of revenue

2020Expense mix: 75.7% mission · 20.7% management · 3.6% fundraisingTotal expenses: 84.40% of revenue

2019Expense mix: 78.5% mission · 18.8% management · 2.7% fundraisingTotal expenses: 109.05% of revenue

2018Expense mix: 78.5% mission · 18.8% management · 2.8% fundraisingTotal expenses: 89.03% of revenue

2017Expense mix: 80.9% mission · 16.1% management · 3.0% fundraisingTotal expenses: 105.78% of revenue

Money in and money out

Revenue$32,951,649

Expenses$35,724,749

Annual shortfall $2,773,100 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$24,393,843 · 68.3% of expenses

Management and office costs$10,077,268 · 28.2% of expenses

Fundraising$1,253,638 · 3.5% of expenses

See all reported dollar amounts

Revenue$32,951,649

Expenses$35,724,749

Assets$113,423,987

Income$32,951,649

Contributions$10,197,048

Mission work (program services)$24,393,843

Fundraising$1,253,638

Management and general$10,077,268

Stocks and bonds$43,015,254

Accounting fees$107,016

Investing fees$550,894

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SUMMER MCGEEPRESIDENT · 50 hrs/week $326,230Base $297,415 · Other $28,815

DAVID BROWNINGVP FINANCE/CFO · 50 hrs/week $195,838Base $184,831 · Other $11,007

JANAE JOYNERCHIEF OF STAFF · 50 hrs/week $174,748Base $164,371 · Other $10,377

BRETT WOODSVP FOR ACADEMIC AFFAIRS · 50 hrs/week $158,467Base $148,665 · Other $9,802

KATHRYN BARNESVP OF INSTITUTIONAL ADVANCEMENT · 50 hrs/week $150,340Base $139,733 · Other $10,607

TINA KRAMEREXECUTIVE DIRECTOR OF OPERATIONS · 50 hrs/week $130,505Base $120,629 · Other $9,876

SCOTT MORINASST VP OF FINANCE & CONTROLLER · 50 hrs/week $124,109Base $114,623 · Other $9,486

GLENN MCGEEADMISSIONS DIRECTOR · 50 hrs/week $124,038Base $113,550 · Other $10,488

MEAGAN COUGHLINEXECUTIVE DIRECTOR OF MARKETING & COMM · 50 hrs/week $121,928Base $112,769 · Other $9,159

KRIS SORRELLSHEAD OF ACADEMY · 50 hrs/week $117,018Base $107,267 · Other $9,751

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

SUMMER MCGEEPRESIDENT

DAVID BROWNINGVP FINANCE/CFO

JANAE JOYNERCHIEF OF STAFF

BRETT WOODSVP FOR ACADEMIC AFFAIRS

KATHRYN BARNESVP OF INSTITUTIONAL ADVANCEMENT

TINA KRAMEREXECUTIVE DIRECTOR OF OPERATIONS

SCOTT MORINASST VP OF FINANCE & CONTROLLER

GLENN MCGEEADMISSIONS DIRECTOR

MEAGAN COUGHLINEXECUTIVE DIRECTOR OF MARKETING & COMM

KRIS SORRELLSHEAD OF ACADEMY

BROOKE SMITHSECRETARY

SYDNEY TAYLORTRUSTEE

AKESHIA CRAVEN-HOWELLTRUSTEE

SARAH BERGATRUSTEE

SALLIE BEASONTREASURER

PAUL KIRCHGRABERTRUSTEE

PAMELA FOXTRUSTEE

LINDA DARDENTRUSTEE

ANNE SALISBURYTRUSTEE

KATHERINE HOLLAND-ORTIZTRUSTEE

JULIA ARCHERTRUSTEE

BARBARA RIMERTRUSTEE

INA BLACKMORETRUSTEE

ELIZABETH BAIRDTRUSTEE

DR PATRICE DAVISBOARD CHAIR

DR JOHN MCCONNELLBOARD VICE CHAIR

DR BRANDY NELSONTRUSTEE

BETH GIANOPULOSTRUSTEE

BOB BAKERTRUSTEE

About this charity

Recognized since: January 1951
Location: 601 S CHURCH ST, WINSTON SALEM, NC 27101-5318
County: Forsyth
In care of: % BUSINESS OFFICE
Primary officer: DAVID BROWNING, VP FINANCE & ADMIN, CFO

How to reach them

Phone(336) 917-5764 Officer phone(336) 917-5472

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Education (B420)