Corporation For Penn State
- Assets
- $5.6k
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- University Park, PA
- Founding
- 10/1987
- Data as of
- 06/2022
- EIN
- 25-1500292
Organization Overview
Corporation For Penn State is located in University Park, PA. The organization was established in 1987. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For Penn State is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Corporation For Penn State generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $6.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION FOR PENN STATE IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF BENEFITING AND PROMOTING THE INTERESTS OF THE PENNSYLVANIA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING ASSETS AND GENERAL SUPPORT FOR THE BENEFIT OF THE PENNSYLVANIA STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara F Thorndike Treasurer | Officer | 1 | $0 |
Nicholas P Jones Vice President | Officer | 1 | $0 |
Shannon S Harvey Secretary | Officer | 1 | $0 |
Neeli Bendapudi President | Officer | 1 | $0 |
Matthew W Schuyler Chairman Of Board | Officer | 1 | $0 |
Frank T Guadagnino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,214 |
| Noncash contributions included in lines 1a–1f | $6,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,214 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,214 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,627 |
| Accounts payable and accrued expenses | $5,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,071 |
| Net assets without donor restrictions | $556 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,627 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Corporation For Penn State has recieved totaling $170,808.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $120,808 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Undergraduate Colleges | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Hudson Valley Early Education Center Valhalla, NY | $6,537,521 | $8,697,326 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Csdc Property Corporation Hanover, MD | $98,381,398 | $10,915,076 |
Lehigh Valley Charter High School For The Arts Bethlehem, PA | $5,854,757 | $11,587,241 |
Potsdam Auxiliary & College Educational Services Inc Potsdam, NY | $4,868,988 | $9,108,311 |
Young Judaea Global Inc New York, NY | $6,685,322 | $8,298,645 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Robert Benjamin Wiley Community Charter School Erie, PA | $5,943,995 | $8,110,042 |
Northside Charter High School Brooklyn, NY | $6,329,922 | $7,435,284 |
Solutions Journalism Network Inc New York, NY | $14,817,664 | $5,853,972 |
Teaching Matters Inc New York, NY | $19,609,038 | $14,154,579 |