SALEM RESEARCH INSTITUTE INC

EIN: 541622309 501(c)(3)

SALEM, VA

Total Revenue
$1,990,542
Total Expenses
$1,913,116
Total Assets
$3,669,416
Net Assets
$3,538,442
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
VA
Principal Officer
HEATHER JOBE
Phone
5402241914
Tax Period
2024-10-01 to 2025-09-30

Salem Research Institute Inc, founded in 1991, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $307K, a strong 19% operating margin.

Mission

SALEM RESEARCH INSTITUTE, INC. IS A 501(C)(3) CORPORATION IN VIRGINIA TO SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES IN CONJUNCTION WITH THE SALEM, VA VETERANS AFFAIRS MEDICAL CENTER. ALL RESEARCH PROJECTS CONFORM TO ALL DVA REGULATIONS. SRI PURSUES OPPORTUNITIES TO SPONSORED RESEARCH AND EDUCATION PROGRAM ACTIVITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,500
Program Service Revenue $1,814,346
Investment Income $126,696
Other Revenue $0
TOTAL REVENUE $1,990,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,627,931
Fundraising Expenses $0
Program Expenses $1,550,430
Other Expenses $285,185
TOTAL EXPENSES $1,913,116

Year-over-Year Comparison

2024 2023 Change
Revenue $1,990,542 $2,096,934 -0.1%
Expenses $1,913,116 $1,945,419 0.0%
Net Income $77,426 $151,515 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
44
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$91,520
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER JOBE EXECUTIVE DI 40.00
Officer
$91,520 $0 $91,520
MARK CHADWICK MS CPA SECRETARY/TR 1.00
Officer Director
$0 $0 $0
BRIAN WOOD DO BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES SCHLEUPNER MD MSC FACP F CHAIR 1.00
Officer Director
$0 $0 $0
REBECCA STACKHOUSE CTRS FACHE BOARD MEMBER 1.00
Director
$0 $0 $0
DEVASMITA DEV MD BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK CANNIZZO MD BOARD MEMBER 1.00
Director
$0 $0 $0
MEHDI KAZEMI MD BOARD MEMBER 1.00
Director
$0 $0 $0
SIDNEY BARRITT MD BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SHENAL PHD BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID POINTS JD LLM ED S PHD BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MAHANEY PHD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,990,542 $1,913,116 $3,669,416 $77,426
2024 $2,049,871 $1,793,889 $3,493,842 $255,982
2023 $1,601,245 $1,845,447 $3,207,580 $-244,202
2022 $1,369,108 $1,230,244 $3,395,735 $138,864
2021 $1,714,541 $1,205,381 $3,333,370 $509,160
2020 $1,696,084 $1,255,466 $3,073,629 $440,618
2019 $1,647,249 $1,339,858 $2,419,052 $307,391
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