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Nonprofiteer
← PENN STATE RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by PENN STATE RESEARCH FOUNDATION.

Totals

Total revenue
$7,203,435
Total expenses
$5,759,620
Contributions and grants received
$2,429,913
Grants paid
$0
Program services expenses (Part IX)
$5,745,522
Management and general expenses
$14,098
Fundraising expenses
$0
Program service expenses (Part III)
$5,745,522

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Neelima Bendapudi

    Director

    Total calculated
    $1,629,218
    From this org
    $0
    From related orgs
    $1,569,399
    Other
    $59,819
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $950,000 related
    Bonus
    not reported
    Other
    not reported + $619,399 related
    Deferred
    not reported + $32,051 related
    Nontaxable benefits
    not reported + $27,768 related
    Filer's total
    not reported + $1,629,218 related

  • Lora Weiss

    Former President

    Total calculated
    $614,843
    From this org
    $0
    From related orgs
    $555,685
    Other
    $59,158
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $530,229 related
    Bonus
    not reported
    Other
    not reported + $25,456 related
    Deferred
    not reported + $32,051 related
    Nontaxable benefits
    not reported + $27,107 related
    Filer's total
    not reported + $614,843 related

  • Andrew Read

    President

    Total calculated
    $582,947
    From this org
    $0
    From related orgs
    $537,603
    Other
    $45,344
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $526,500 related
    Bonus
    not reported
    Other
    not reported + $11,103 related
    Deferred
    not reported + $32,051 related
    Nontaxable benefits
    not reported + $13,293 related
    Filer's total
    not reported + $582,947 related

  • Virginia A Teachey

    Treasurer Term 42025

    Total calculated
    $389,209
    From this org
    $0
    From related orgs
    $336,697
    Other
    $52,512
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $333,084 related
    Bonus
    not reported
    Other
    not reported + $3,613 related
    Deferred
    not reported + $30,944 related
    Nontaxable benefits
    not reported + $21,568 related
    Filer's total
    not reported + $389,209 related

  • Bin Yan

    Vice President

    Total calculated
    $301,875
    From this org
    $0
    From related orgs
    $258,170
    Other
    $43,705
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $258,170 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $24,699 related
    Nontaxable benefits
    not reported + $19,006 related
    Filer's total
    not reported + $301,875 related

  • Lee Wagner

    Acting Treasurer Eff 052025

    Total calculated
    $282,207
    From this org
    $0
    From related orgs
    $233,570
    Other
    $48,637
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $233,570 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,483 related
    Nontaxable benefits
    not reported + $26,154 related
    Filer's total
    not reported + $282,207 related

  • James Delattre

    Secretary

    Total calculated
    $262,336
    From this org
    $0
    From related orgs
    $239,994
    Other
    $22,342
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $239,994 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,342 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $262,336 related

  • Shannon Harvey

    Assistant Secretary

    Total calculated
    $252,317
    From this org
    $0
    From related orgs
    $172,617
    Other
    $79,700
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $172,617 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $70,748 related
    Nontaxable benefits
    not reported + $8,952 related
    Filer's total
    not reported + $252,317 related

  • C Daniel Azzara

    Director

    Total calculated
    $169,804
    From this org
    $0
    From related orgs
    $135,623
    Other
    $34,181
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $135,623 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,064 related
    Nontaxable benefits
    not reported + $21,117 related
    Filer's total
    not reported + $169,804 related

  • Gregory Lewis

    Director

    Total calculated
    $164,496
    From this org
    $0
    From related orgs
    $131,360
    Other
    $33,136
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $131,360 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,659 related
    Nontaxable benefits
    not reported + $20,477 related
    Filer's total
    not reported + $164,496 related

  • Tracy Claar

    Assistant Secretary

    Total calculated
    $93,749
    From this org
    $0
    From related orgs
    $57,069
    Other
    $36,680
    Hours/week
    1 + 49 related

  • Eric Barron

    Former Director

    Total calculated
    $73,862
    From this org
    $0
    From related orgs
    $73,862
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $73,862 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $73,862 related

  • Andrew Stephenson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bruce Shook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Shay

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Herbst

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Granahan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Hall II

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Kunsch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Selda Gunsel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patricia Loftus

    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 — 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 · Independent compensation consultant
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Other non-fixed payments (Part I, line 7)
Bonuses are based on several individual and organization variables. Bonuses are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee.
General Explanation Attachment
Part VII/Schedule J reflect directors and officers receiving compensation and benefits from a related organization. All remuneration reported was for services rendered as full-time employees of a related organization and not for services rendered to the filing organization.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202522899349301007

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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