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Nonprofiteer
← PENN STATE RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by PENN STATE RESEARCH FOUNDATION.

Totals

Total revenue
$5,655,375
Total expenses
$5,598,652
Contributions and grants received
$1,520,122
Grants paid
$0
Program services expenses (Part IX)
$5,586,932
Management and general expenses
$11,720
Fundraising expenses
$0
Program service expenses (Part III)
$5,586,932

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
    $1,435,010
    From this org
    $0
    From related orgs
    $1,378,476
    Other
    $56,534
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $950,001 related
    Bonus
    not reported + $100,000 related
    Other
    not reported + $328,475 related
    Deferred
    not reported + $30,657 related
    Nontaxable benefits
    not reported + $25,877 related
    Filer's total
    not reported + $1,435,010 related

  • Eric Barron

    Former Director

    Total calculated
    $647,053
    From this org
    $0
    From related orgs
    $606,646
    Other
    $40,407
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $539,454 related
    Bonus
    not reported
    Other
    not reported + $67,192 related
    Deferred
    not reported + $30,657 related
    Nontaxable benefits
    not reported + $9,750 related
    Filer's total
    not reported + $647,053 related

  • Lora Weiss

    Former President

    Total calculated
    $583,093
    From this org
    $0
    From related orgs
    $527,169
    Other
    $55,924
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $500,001 related
    Bonus
    not reported
    Other
    not reported + $27,168 related
    Deferred
    not reported + $30,657 related
    Nontaxable benefits
    not reported + $25,267 related
    Filer's total
    not reported + $583,093 related

  • Andrew Read

    President

    Total calculated
    $504,269
    From this org
    $0
    From related orgs
    $461,215
    Other
    $43,054
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $461,215 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,657 related
    Nontaxable benefits
    not reported + $12,397 related
    Filer's total
    not reported + $504,269 related

  • Virginia A Teachey

    Treasurer

    Total calculated
    $352,492
    From this org
    $0
    From related orgs
    $303,881
    Other
    $48,611
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $303,881 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $28,684 related
    Nontaxable benefits
    not reported + $19,927 related
    Filer's total
    not reported + $352,492 related

  • Bin Yan

    Vice President

    Total calculated
    $288,587
    From this org
    $0
    From related orgs
    $240,702
    Other
    $47,885
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $240,702 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $23,040 related
    Nontaxable benefits
    not reported + $24,845 related
    Filer's total
    not reported + $288,587 related

  • James Delattre

    Secretary

    Total calculated
    $244,816
    From this org
    $0
    From related orgs
    $224,158
    Other
    $20,658
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $222,372 related
    Bonus
    not reported
    Other
    not reported + $1,786 related
    Deferred
    not reported + $20,658 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $244,816 related

  • Gregory Lewis

    Director

    Total calculated
    $151,504
    From this org
    $0
    From related orgs
    $139,851
    Other
    $11,653
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $120,051 related
    Bonus
    not reported
    Other
    not reported + $19,800 related
    Deferred
    not reported + $11,653 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $151,504 related

  • Patricia Loftus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Selda Gunsel

    Director

    Total calculated
    $0
    Hours/week
    1

  • C Daniel Azzara

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Shay

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bruce Shook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andrew Stephenson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Herbst

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Kunsch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Hall II

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Granahan

    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
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443139349301529

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