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← FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA

Form 990 for tax year 2023

Filed by FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA.

Totals

Total revenue
$24,261,569
Total expenses
$18,252,436
Contributions and grants received
$6,320,818
Grants paid
$4,734,902
Program service revenue
$8,666,385
Investment income
$8,380,683
Other revenue
$893,683
Total assets, end of year
$242,606,669
Total liabilities, end of year
$118,081,493
Net assets or fund balances, end of year
$124,525,176
Program services expenses (Part IX)
$17,247,896
Management and general expenses
$1,004,540
Fundraising expenses
$0
Program service expenses (Part III)
$17,247,896

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $150,885

  • 1f · All other contributions, gifts and grants

    $6,169,933

  • 1g · Noncash contributions included above

    $64,840

  • 2a · Program service revenue: RESIDENCE HALL RENTAL

    total $7,818,185 · related or exempt $7,818,185

  • 2b · Program service revenue: MANAGEMENT FEE INCOME

    total $848,200 · related or exempt $848,200

  • 3 · Investment income

    total $6,411,491 · excluded $6,411,491

  • 7a · Gross sales of assets other than inventory

    securities $13,342,035

  • 7b · Less cost or other basis and sales expenses

    securities $11,372,843

  • 7c · Gain or loss

    securities $1,969,192

  • 7d · Net gain or loss

    total $1,969,192 · excluded $1,969,192

  • 8a · Fundraising events: gross income

    $92,518

  • 8a · Fundraising events: contributions included on line 1c

    $150,885

  • 8b · Fundraising events: direct expenses

    $99,171

  • 8c · Net income from fundraising events

    total -$6,653 · excluded -$6,653

  • 11a · Other revenue: NON GIFT INCOME

    total $813,753 · related or exempt $813,753

  • 11b · Other revenue: HOUSING OVERHEAD FEES

    total $86,583 · related or exempt $86,583

  • 11e · Other revenue, total

    $900,336

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,734,902 · program services $4,734,902

  • 5 · Compensation of officers, directors and key employees

    total $291,155 · management and general $291,155

  • 7 · Other salaries and wages

    total $1,024,855 · program services $676,395 · management and general $348,460

  • 8 · Pension plan contributions

    total $20,815 · program services $10,976 · management and general $9,839

  • 9 · Other employee benefits

    total $94,586 · program services $49,876 · management and general $44,710

  • 10 · Payroll taxes

    total $48,154 · program services $25,392 · management and general $22,762

  • 11a · Fees: management

    total $1,130,081 · program services $1,130,081

  • 11b · Fees: legal

    total $39,216 · management and general $39,216

  • 11c · Fees: accounting

    total $22,139 · management and general $22,139

  • 11f · Fees: investment management

    total $223,783 · management and general $223,783

  • 11g · Fees: other

    total $690,720 · program services $690,720

  • 12 · Advertising and promotion

    total $35,133 · program services $35,133

  • 13 · Office expenses

    total $661,436 · program services $661,436

  • 14 · Information technology

    total $68,436 · program services $66,176 · management and general $2,260

  • 16 · Occupancy

    total $1,335,008 · program services $1,334,792 · management and general $216

  • 17 · Travel

    total $173,727 · program services $173,727

  • 19 · Conferences, conventions and meetings

    total $18,457 · program services $18,457

  • 20 · Interest

    total $4,618,494 · program services $4,618,494

  • 22 · Depreciation, depletion and amortization

    total $1,857,759 · program services $1,857,759

  • 23 · Insurance

    total $157,830 · program services $157,830

  • 24a · Other expenses: FOOD SUPPLIES & SERVICE

    total $297,410 · program services $297,410

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $244,455 · program services $244,455

  • 24c · Other expenses: PAYMENT IN LIEU OF TAXE

    total $196,020 · program services $196,020

  • 24d · Other expenses: INTERNAL CHARGEBACK

    total $166,987 · program services $166,987

  • 24e · All other expenses

    total $100,878 · program services $100,878

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,202,071 · end of year $2,858,490

  • 3 · Pledges and grants receivable

    beginning of year $1,940,352 · end of year $2,384,771

  • 4 · Accounts receivable

    beginning of year $566,819 · end of year $416,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,681

  • 10a · Land, buildings and equipment: cost or other basis

    $71,441,635

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,470,659

  • 10c · Land, buildings and equipment, net

    beginning of year $42,762,722 · end of year $40,970,976

  • 11 · Investments: publicly traded securities

    beginning of year $119,502,358 · end of year $130,464,537

  • 15 · Other assets

    beginning of year $65,424,896 · end of year $65,511,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,566,732 · end of year $1,732,822

  • 19 · Deferred revenue

    beginning of year $110,241 · end of year $72,779

  • 20 · Tax-exempt bond liabilities

    beginning of year $106,824,727 · end of year $103,795,740

  • 21 · Escrow or custodial account liability

    beginning of year $6,672,875 · end of year $6,920,337

  • 25 · Other liabilities

    beginning of year $6,916,440 · end of year $5,559,815

  • 27 · Net assets without donor restrictions

    beginning of year $27,887,735 · end of year $32,069,765

  • 28 · Net assets with donor restrictions

    beginning of year $83,427,149 · end of year $92,455,411

Mission and programs · 2023

Mission

TO PROVIDE PHILANTHROPIC SUPPORT TO INDIANA UNIVERSITY OF PENNSYLVANIA.

  • THE FOUNDATION FOR IUP OWNS AND RENTS RESIDENTIAL HOUSING TO STUDENTS OF IUP.

    Expenses $10,214,516 · Grants $54,926 · Revenue $7,818,185

  • PROVIDES SCHLOLARSHIPS AND AWARDS TO STUDENTS OF IUP.

    Expenses $4,114,752 · Grants $4,114,753

  • PROVIDES EDUCATIONAL SUPPORT TO VARIOUS COLLEGES AND DEPARTMENTS AT IUP.

    Expenses $2,918,628 · Grants $565,223 · Revenue $1,748,536

As filed on the 2023 return.

Listed in Part VII

  • David Bluemling

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Bryan Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Longacre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Condino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Char Kopchick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Donna Griffith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chuck Oshurak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicole Gabriel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Agnoli

    DIRECTOR THROUGH 9/2023

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Lauber

    EXECUTIVE DIRECTOR

    Total calculated
    $180,400
    From this org
    $164,000
    From related orgs
    $0
    Other
    $16,400
    Hours/week
    37.5 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $164,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,400
    Filer's total
    $180,400

  • Randy Thornton

    DIRECTOR OF FINANCIAL OPS

    Total calculated
    $92,440
    From this org
    $84,035
    From related orgs
    $0
    Other
    $8,405
    Hours/week
    32.5 + 5.5 related

  • Rick Ubinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Regina Stover

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • James Leda

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • J Thomas Frantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Misti Dragano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Spikner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Sledge-Coley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherry Ulsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • INDIANA UNIVERSITY OF PENNSYLVANIA

    $4,734,902

    SCHOLARSHIPS & PROGRAM SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • RESIDENTIAL REVIVAL INDIANA

    501(C)(3) · STUDENT HOUSING FACILITIES · PA

    Directly controlled by INDIANA UNIV OF PA

  • INDIANA UNIVERSITY OF PENNSYLVANIA

    EDUCATION · PA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CRIMSON HAWKS HOSPITALITY LLC

    MANAGEMENT · DE

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202443119349302124

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