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Nonprofiteer
← SLIPPERY ROCK UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by SLIPPERY ROCK UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$6,715,296
Total expenses
$7,816,873
Contributions and grants received
$3,435,022
Grants paid
$3,214,319
Program service revenue
$292,043
Investment income
$2,219,256
Other revenue
$768,975
Total assets, end of year
$56,734,770
Total liabilities, end of year
$290,494
Net assets or fund balances, end of year
$56,444,276
Program services expenses (Part IX)
$6,852,677
Management and general expenses
$890,349
Fundraising expenses
$73,847
Program service expenses (Part III)
$6,852,677

Program services were 87.7% 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

    $47,002

  • 1d · Related organizations

    $400,000

  • 1e · Government grants (contributions)

    $72,835

  • 1f · All other contributions, gifts and grants

    $2,915,185

  • 1g · Noncash contributions included above

    $155,470

  • 2a · Program service revenue: SALES

    total $111,383 · related or exempt $111,383

  • 2b · Program service revenue: REGISTRATION INCOME

    total $86,809 · related or exempt $86,809

  • 2c · Program service revenue: ROYALTY INCOME

    total $86,283 · related or exempt $86,283

  • 2d · Program service revenue: NCAA & CONFERENCE REVE

    total $4,000 · related or exempt $4,000

  • 2e · Program service revenue: OTHER INCOME

    total $3,568 · related or exempt $3,568

  • 3 · Investment income

    total $1,101,940 · excluded $1,101,940

  • 6a · Gross rents

    real property $69,566

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $69,566

  • 6d · Net rental income or loss

    total $69,566 · related or exempt $69,566

  • 7a · Gross sales of assets other than inventory

    securities $4,559,741

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

    securities $3,442,425

  • 7c · Gain or loss

    securities $1,117,316

  • 7d · Net gain or loss

    total $1,117,316 · excluded $1,117,316

  • 8a · Fundraising events: gross income

    $242,310

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

    $47,002

  • 8b · Fundraising events: direct expenses

    $93,677

  • 8c · Net income from fundraising events

    total $148,633 · excluded $148,633

  • 11a · Other revenue: SERVICE PURCHASE CONTR

    total $411,941 · excluded $411,941

  • 11b · Other revenue: SPONSORSHIP INCOME

    total $80,992 · excluded $80,992

  • 11c · Other revenue: ADMINISTRATIVE FEE INC

    total $57,843 · excluded $57,843

  • 11e · Other revenue, total

    $550,776

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,214,319 · program services $3,214,319

  • 5 · Compensation of officers, directors and key employees

    total $191,811 · management and general $182,220 · fundraising $9,591

  • 7 · Other salaries and wages

    total $191,572 · program services $21,540 · management and general $165,968 · fundraising $4,064

  • 8 · Pension plan contributions

    total $11,534 · program services $1,648 · management and general $9,731 · fundraising $155

  • 9 · Other employee benefits

    total $49,783 · program services $7,114 · management and general $42,001 · fundraising $668

  • 10 · Payroll taxes

    total $32,370 · program services $4,626 · management and general $27,310 · fundraising $434

  • 11b · Fees: legal

    total $438 · management and general $438

  • 11c · Fees: accounting

    total $27,100 · management and general $27,100

  • 11f · Fees: investment management

    total $193,723 · management and general $193,723

  • 11g · Fees: other

    total $6,103 · management and general $6,103

  • 12 · Advertising and promotion

    total $4,759 · program services $4,759

  • 16 · Occupancy

    total $19,290 · program services $19,290

  • 17 · Travel

    total $178,380 · program services $177,086 · management and general $125 · fundraising $1,169

  • 22 · Depreciation, depletion and amortization

    total $8,858 · management and general $8,858

  • 23 · Insurance

    total $80,757 · management and general $80,757

  • 24a · Other expenses: SOFTWARE LICENSE (IN-KI

    total $2,385,388 · program services $2,384,388 · fundraising $1,000

  • 24b · Other expenses: CONTRACTED SERVICES

    total $566,615 · program services $522,842 · management and general $13,977 · fundraising $29,796

  • 24c · Other expenses: CULTIVATION & STEWARDSH

    total $205,813 · program services $202,116 · fundraising $3,697

  • 24d · Other expenses: OPERATING SUPPLIES

    total $152,630 · program services $151,890 · fundraising $740

  • 24e · All other expenses

    total $295,630 · program services $141,059 · management and general $132,038 · fundraising $22,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,089 · end of year $24,414

  • 2 · Savings and temporary cash investments

    beginning of year $361,738 · end of year $256,029

  • 3 · Pledges and grants receivable

    beginning of year $641,935 · end of year $567,813

  • 4 · Accounts receivable

    beginning of year $7,023 · end of year $43,123

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

    $819,994

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

    $77,038

  • 10c · Land, buildings and equipment, net

    beginning of year $751,815 · end of year $742,956

  • 11 · Investments: publicly traded securities

    beginning of year $48,778,373 · end of year $52,833,894

  • 15 · Other assets

    beginning of year $4,718,072 · end of year $2,266,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,965 · end of year $83,424

  • 25 · Other liabilities

    beginning of year $508,210 · end of year $207,070

  • 27 · Net assets without donor restrictions

    beginning of year $10,738,506 · end of year $8,166,385

  • 28 · Net assets with donor restrictions

    beginning of year $44,017,364 · end of year $48,277,891

Mission and programs · 2024

Mission

THE SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. EXISTS TO SUPPORT THE PRIORITY NEEDS OF SLIPPERY ROCK UNIVERSITY BY GENERATING & MANAGING PRIVATE RESOURCES, BOTH FISCAL AND PHYSICAL.

Activities or mission (Part I)

TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES.

  • RAISE & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY & AWARD SAID SCHOLARSHIPS.

    Expenses $3,214,319 · Grants $3,214,319

  • RAISE SUPPORT FOR SLIPPERY ROCK UNIVERSITY STUDENTS, FACULTY, PROGRAMMING AND ATHLETIC TEAMS.

    Expenses $3,638,358 · Revenue $361,609

As filed on the 2024 return.

Listed in Part VII

  • Cheryle Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Fraser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Ginsberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Fox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Wangler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erin Daruszka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Francis J Aloi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gail Paserba

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer L Walters

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Joy Zeiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Prebula

    BOARD MEMBER (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Bonus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Palmer

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Richard A Harper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandra Connolly

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Timothy Post

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Finney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jairus Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erica Nelson-Flowers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Richey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Shulsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Troy Miller

    BOARD MEMBER (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • David Hollenbaugh

    EXECUTIVE DIRECTOR

    Total calculated
    $186,536
    From this org
    $174,222
    From related orgs
    $0
    Other
    $12,314
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $174,222
    Bonus
    $0
    Other
    $0
    Deferred
    $10,857
    Nontaxable benefits
    $1,457
    Filer's total
    $186,536

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

None.

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

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.

  • SLIPPERY ROCK UNIVERSITY

    HIGHER EDUCATION - PUBLIC UNIVERSITY · PA

    Directly controlled by COMMONWEALTH OF PENNSYLVANIA

  • SRUF CAMPUS HOUSING INC

    501(C)(3) · MANAGING MEMBER FOR SRUF STUDENT HOUSING LLC · PA

  • SRUF STUDENT HOUSING LLC

    PROVIDES HOUSING FOR ENROLLED STUDENTS · PA

    Directly controlled by SRUF CAMPUS HOUSING INC (MANAGING MEMBER)

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.

  • SRUF HOLDINGS LLC

    INVESTMENTS IN REAL ESTATE · PA · income $27,949 · assets $2,321,766

    Directly controlled by SLIPPERY ROCK UNIVERSITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202620649349300407

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