Salem First Corporation is a private foundation focused on Education, based in Salem, NH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $20K in total assets. In 2025, it awarded 1 grant totaling $18K.
Key facts about Salem First Corporation
- EIN
- 02-0478507
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $18,000
- Grants made (2025)
- 1
- Average grant
- $18,000
- Median grant
- $18,000
- Total assets
- $19,929
- Primary geography
- New Hampshire (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
How Salem First Corporation gives
- Giving grew 800% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Salem First Corporation
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$20K
-47.5% YoY
Annual Giving
$18K
Grant Count
1
Avg Grant Size
$18K
Under IRS private-foundation payout rules, Salem First Corporation reported a distributable amount of $982 for 2025 — the minimum it must pay out in qualifying distributions.
About Salem First Corporation
Based on IRS filings
Salem First Corporation is a private foundation focused on Education, based in Salem, NH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $20K in total assets. In 2025, it awarded 1 grant totaling $18K.
Focus Areas
Ready to take the next step with Salem First Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $19,929 | $37,929 | $20,004 |
| Revenue | — | $18,000 | $251 |
| Expenses | $18,000 | $75 | — |
| Qualifying Distributions | $18,000 | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $982 | $1,868 | $985 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include SAU 57 Salem School District ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAU 57 Salem School District Salem, NH | Donation to support turf field project for school district | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Leah Sullivan | Chair | 1 | — |
| Peter Morgan | Secretary | 1 | — |
| Deborah Payne | Treasurer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Salem First Corporation?
Salem First Corporation is a private foundation focused on Education, based in Salem, NH. It holds $20K in total assets as of 2025.
How large is Salem First Corporation?
As of 2025, Salem First Corporation holds $20K in total assets. It awarded 1 grant totaling $18K in 2025.
Where does Salem First Corporation operate?
Salem First Corporation has awarded grants in New Hampshire.
What size grants does Salem First Corporation award?
In 2025, Salem First Corporation awarded 1 grant totaling $18K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Salem First Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Salem First Corporation reported a distributable amount of $982 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Salem First Corporation's EIN?
Salem First Corporation's EIN (Employer Identification Number) is 02-0478507. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.