WINSTON SALEM, NC

Salem Academy & College

Quick Facts

EIN
56-0530005
Location
WINSTON SALEM, NC
Category
Education
NTEE Code
B420
Total Assets
$110.1M
Annual Income
$38.9M
Annual Revenue
$38.9M
IRS Ruling Year
1951
Tax Subsection
501(c)(03)

About This Organization

Salem Academy & College is a nonprofit organization based in WINSTON SALEM, NC. It received its IRS tax-exempt ruling in 1951. The organization is classified under IRC Section 501(c)(03). It operates in the area of education. Total assets are reported at $110.1M. Annual income is $38.9M. The organization has received $1.8M in foundation grants from 14 funders. It has received $17.9M in federal awards from 2 agencies.

Grants Received from Foundations

Foundation grants awarded to Salem Academy & College, based on IRS 990-PF filings.

FunderAmountYearPurpose
Lyerly Foundation$500K2023DONATION
Hattie M Strong Foundation$25K2023FIVE (5) $5,000 SCHOLARSHIPS
Ella Ann L & Frank B Holding Foundation$125K2022GENERAL SUPPORT
George Foundation Inc.$100K2022GENERAL SUPPORT
George Foundation Inc.$100K2022GENERAL SUPPORT
Hattie M Strong Foundation$25K2022FIVE (5) $5,000 SCHOLARSHIPS
Bill And Connie Timmons Foundation$5K2022General & Unrestricted
Bill And Connie Timmons Foundation$5K2022General & Unrestricted
Bill And Connie Timmons Foundation$2K2022Inauguration Tribute fund
Bill And Connie Timmons Foundation$2K2022Inauguration Tribute fund
Bank Of America Charitable Foundation Inc.$1K2022PROGRAM/OPERATING SUPPORT
Bank Of America Charitable Foundation Inc.$1K2022PROGRAM/OPERATING SUPPORT
Johnny S Beck And Sydney Y Beck Foundation$1K2022Operating budget
Dickson Foundation Inc.$1K2022GENERAL SUPPORT
Labcorp Charitable Foundation$1K2022GENERAL SUPPORT
Johnny S Beck And Sydney Y Beck Foundation$1K2022Operating budget
The Emily Hall Tremaine Foundation Inc.$1K2022VISUAL ART - PROJECT/PROGRAM
Labcorp Charitable Foundation$1K2022GENERAL SUPPORT
Dickson Foundation Inc.$1K2022GENERAL SUPPORT
Verizon Foundation$6002022MIP PAYOUT FOR 01/27/2022
Verizon Foundation$6002022MIP PAYOUT FOR 01/27/2022
Labcorp Charitable FoundationN/A2022GENERAL SUPPORT
Labcorp Charitable FoundationN/A2022GENERAL SUPPORT
Cannon Foundation Inc.$200K2021TECHNOLOGY INFRASTRUCTURE UPGRADE
Ella Ann L & Frank B Holding Foundation$160K2021GENERAL SUPPORT
Hattie M Strong Foundation$20K2021FOUR (4) $5,000 SCHOLARSHIPS
Dickson Foundation Inc.$1K2021GENERAL SUPPORT
Mcmichael Family Foundation$275K2020GENERAL PURPOSE
Cannon Foundation Inc.$200K2020TECHNOLOGY INFRASTRUCTURE UPGRADE
Ella Ann L & Frank B Holding Foundation$35K2020GENERAL SUPPORT
Hattie M Strong Foundation$20K2020FOUR (4) $5,000 SCHOLARSHIPS
Bill And Connie Timmons Foundation$20K2020General & Unrestricted
Reynolds American Foundation$4402020CHARITABLE ACTIVITIES

Federal Awards Received

Federal grants and cooperative agreements from USAspending.gov.

AgencyProgramAmountYear
Department of Education9 awards totaling $16,367,148$16.4M2025
National Aeronautics and Space Administration3 awards totaling $1,500,000$1.5M2025

Frequently Asked Questions

What does Salem Academy & College do?

Salem Academy & College is a nonprofit organization focused on education, based in WINSTON SALEM, NC. It is classified under IRC Section 501(c)(03).

Who funds Salem Academy & College?

Salem Academy & College has received foundation grants from Lyerly Foundation, Hattie M Strong Foundation, Ella Ann L & Frank B Holding Foundation, and others. It has also received federal awards from Department of Education, National Aeronautics and Space Administration.

What is Salem Academy & College's annual revenue?

Salem Academy & College reports total assets of $110.1M. Annual income is $38.9M.

Where is Salem Academy & College located?

Salem Academy & College is located in WINSTON SALEM, NC.

Is Salem Academy & College a 501(c)(3)?

Yes, Salem Academy & College is a 501(c)(3) tax-exempt organization. Its EIN is 56-0530005. Donations to this organization may be tax-deductible.

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