Salem University Foundation Inc
Salem University Foundation Inc. faces sustained operating deficits and significant asset depletion.
EIN: 208119190 · Salem, WV · NTEE: B82 · Updated: 2026-03-28
Is Salem University Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem University Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Salem University Foundation Inc
Salem University Foundation Inc (EIN: 208119190) is a nonprofit organization based in Salem, WV, classified under NTEE code B82. The organization reported total revenue of $19K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem University Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Salem University Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Salem University Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for an organization of its size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Salem University Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years.
- Significant and continuous decline in total assets from $347,601 in 2018 to $38,265 in 2023.
- Low and fluctuating revenue streams, indicating potential instability in funding.
Strengths
The following positive indicators were identified for Salem University Foundation Inc:
- No officer compensation reported, indicating efficient use of funds at the executive level.
- Zero liabilities across all reported periods, suggesting no outstanding debt.
Frequently Asked Questions about Salem University Foundation Inc
Is Salem University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem University Foundation Inc (EIN: 208119190) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Salem University Foundation Inc spend its money?
Salem University Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salem University Foundation Inc tax-deductible?
Salem University Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208119190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Salem University Foundation Inc. financially sustainable?
Based on the consistent trend of expenses exceeding revenue and the significant decline in assets from $347,601 in 2018 to $38,265 in 2023, the organization's financial sustainability appears to be at risk.
What caused the substantial decrease in assets?
The substantial decrease in assets is primarily due to the organization consistently spending more than it earns, as evidenced by expenses exceeding revenue in most recent fiscal periods (e.g., $44,375 expenses vs. $38,742 revenue in 2023).
How does the organization cover its operating deficits?
The organization appears to be covering its operating deficits by drawing down its existing assets, as indicated by the declining asset balance over time while liabilities remain at $0.
What is the primary source of revenue for the foundation?
The provided data only shows total revenue, not specific sources. However, the fluctuating and generally low revenue figures (e.g., $14,975 in 2022, $38,742 in 2023) suggest a reliance on varied or inconsistent funding streams.
Filing History
IRS 990 filing history for Salem University Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Salem University Foundation Inc's revenue has declined by 80.3%, moving from $196K to $39K. Total assets decreased by 75.2% over the same period, from $154K to $38K. Total functional expenses fell by 33.3%, from $67K to $44K. In its most recent filing year (2023), Salem University Foundation Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $44K | $38K | $0 | — | — |
| 2022 | $15K | $46K | $110K | $0 | — | View 990 |
| 2021 | $25K | $67K | $140K | $0 | — | View 990 |
| 2020 | $5K | $52K | $182K | $0 | — | — |
| 2019 | $52K | $170K | $229K | $0 | — | View 990 |
| 2018 | $276K | $50K | $348K | $0 | — | View 990 |
| 2017 | $29K | $21K | $122K | $0 | — | View 990 |
| 2016 | $8K | $43K | $113K | $0 | — | View 990 |
| 2015 | $14K | $36K | $149K | $0 | — | View 990 |
| 2014 | $17K | $50 | $171K | $0 | — | View 990 |
| 2013 | $196K | $67K | $154K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $44K, and assets of $38K (revenue +158.7% year-over-year).
- 2022: Revenue of $15K, expenses of $46K, and assets of $110K (revenue -40.2% year-over-year).
- 2021: Revenue of $25K, expenses of $67K, and assets of $140K (revenue +405.2% year-over-year).
- 2020: Revenue of $5K, expenses of $52K, and assets of $182K (revenue -90.5% year-over-year).
- 2019: Revenue of $52K, expenses of $170K, and assets of $229K (revenue -81.1% year-over-year).
- 2018: Revenue of $276K, expenses of $50K, and assets of $348K (revenue +837.2% year-over-year).
- 2017: Revenue of $29K, expenses of $21K, and assets of $122K (revenue +275.8% year-over-year).
- 2016: Revenue of $8K, expenses of $43K, and assets of $113K (revenue -44.0% year-over-year).
- 2015: Revenue of $14K, expenses of $36K, and assets of $149K (revenue -15.4% year-over-year).
- 2014: Revenue of $17K, expenses of $50, and assets of $171K (revenue -91.6% year-over-year).
- 2013: Revenue of $196K, expenses of $67K, and assets of $154K.
Data Sources and Methodology
This transparency report for Salem University Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.