Nonprofit · EIN 22-2686249
PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION
Tax-exempt · HARRISBURG, PA 17110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,419,401 | $3,331,819 | $87,582 | $11,323,411 | $3,027,982 | $8,295,429 |
| June 30, 2024 | 990 | $3,560,509 | $2,643,401 | $917,108 | $11,316,664 | $3,697,259 | $7,619,405 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,334,534
- of which government grants
- $1,172,092
- Program service revenue
- $218,400
- Investment income
- -$133,533
- Net gain from sales of assets
- -$308,587
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,539,060
- Compensation of officers, directors and key employees
- $196,907
- Other salaries and wages
- $198,912
- Salaries, compensation and benefits (total)
- $468,966
- Professional fundraising fees
- $0
- Legal fees
- $4,262
- Accounting fees
- $40,339
- Travel
- $11,418
- Program services (functional)
- $2,979,824
- Management and general (functional)
- $160,762
- Fundraising (functional)
- $191,233
Balance sheet and other
- Total assets, start of year
- $11,316,664
- Total assets, end of year
- $11,323,411
- Total liabilities, end of year
- $3,027,982
- Net assets, end of year
- $8,295,429
- Publicly traded securities
- $6,415,034
- Net assets without donor restrictions
- $4,783,540
- Net assets with donor restrictions
- $3,511,889
- Gross receipts
- $4,003,778
- Employees
- 5
- Volunteers
- 15
- Year formed
- 1985
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELLEY SCHERER | PRESIDENT & CEO Officer | 40 | $177,769 | $25,377 |
| SUSANNE WALKER | FINANCE MANAGER Officer | 40 | $68,906 | $20,566 |
| DAVID S KERR | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MATTHEW J STECK | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ASHLEY COOK | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| GAIL M D'ANGELO | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CRYSTAL SKOTEDIS | ASSISTANT TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DAVID PAREZ- BRANTLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JINAKI Z BRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA FRISBY- GREENWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH HADDOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW HELMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAKE LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID N TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA TOPOLESKI | DIRECTOR Trustee or director | 1 | $0 |
| WYATT TROXELL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCHERER SHELLEY | PRESIDENT & Officer | 40 | $95,192 | $18,252 |
| KERR DAVID S | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| STECK MATTHEW J | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| COOK ASHLEY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| D'ANGELO GAIL M | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SKOTEDIS CRYSTAL | ASSISTANT TR Trustee or director, Officer | 5 | $0 | $0 |
| ALEXANDER MARIAN C | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PEREZ-BRANTLEY DAVID | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIGHT JINAKI Z | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRISBY-GREENWOOD DONNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HADDOCK JOSEPH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HELMER ANDREW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONES ANDREA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNCH BLAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MILLER LYNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR DAVID N | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOPOLESKI LINDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROXELL WYATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VARANO MICHAEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 VARTAN WAY, HARRISBURG, PA 17110-9794
- Principal officer (990 for 2024)
- SHELLEY SCHERER, 100 NOBLE BLVD STE 10 1014, CARLISLE, PA 17013
- Signed the 990
- SHELLEY SCHERER, PRESIDENT & CEO
- Phone
- (717) 720-4056
- Website
- WWW.THEPAFOUNDATION.ORG
- Return prepared by
- BOYER & RITTER LLC
Mission
TO SUPPORT THE EDUCATIONAL MISSION AND ACTIVITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION (STATE SYSTEM) BY GENERATING PRIVATE SECTOR FINANCIAL SUPPORT AND ENGAGING IN OTHER ACTIVITIES TO ADVANCE THE STATE SYSTEM.
Program accomplishments
- THE PASSHE FOUNDATION EXISTS TO POWER PENNSYLVANIA'S TALENT PIPELINE, ADVANCE UNIVERSITY EXCELLENCE, AND FORGE PARTNERSHIPS TO ADVANCE PENNSYLVANIA'S TALENT STRATEGY, AS THE FUNDRAISING ARM OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. PASSHE FOUNDATION IS A STRATEGIC PARTNER OF THE STATE SYSTEM OFFICE OF THE CHANCELLOR, LEADS CONSORTIA FUNDRAISING EFFORTS ON BEHALF OF MULTI-UNIVERSITY PROJECTS AND INITIATIVES, AND SERVES AS A CONVENER TO BRING TOGETHER LEADERS AND ORGANIZATIONS FROM THE PUBLIC AND PRIVATE SECTOR. IN SUPPORT OF POWERING PENNSYLVANIA'S TALENT PIPELINE, THE FOUNDATION SECURES FUNDS FOR AND MANAGES PROGRAMS AWARDING SCHOLARSHIPS AND EMERGENCY GRANTS THAT ARE NEED-BASED, INDUSTRY-FOCUSED, AND ACADEMICALLY COMPETITIVE TO STUDENTS ATTENDING THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. DURING THE 2024-25 FISCAL YEAR, THE FOUNDATION AWARDED 1,065 SCHOLARSHIPS AND EMERGENCY GRANTS, TOTALING $1,640,211. THESE SCHOLARSHIPS IMPROVE ACCESS TO AND AFFORDABILITY OF HIGHER EDUCATION, ENSURING STUDENTS PERSIST THROUGH TO GRADUATION AND ATTAIN A DEGREE. ONE-THIRD OF THE STATE SYSTEM'S STUDENTS COME FROM LOW-INCOME HOUSEHOLDS. A SIMILAR PERCENTAGE ARE THE FIRST GENERATION IN THEIR FAMILIES TO GO TO COLLEGE. THE FOUNDATION'S SCHOLARSHIP PROGRAM NOT ONLY REDUCES THE COST BURDEN OF A POST-SECONDARY EDUCATION BUT ALSO REDUCES THEIR STUDENT LOAN DEBT. STATE SYSTEM STUDENTS FUEL PA'S ECONOMIC VITALITY. TEN YEARS AFTER GRADUATION, 75% OF LOW-INCOME STUDENTS HAVE MOVED INTO MIDDLE-CLASS AND THUS ACHIEVED ECONOMIC MOBILITY AND 63% REMAIN IN WORKING IN PA.Expenses $2,500,055 · grants $2,384,060
- TO FORGE PARTNERSHIPS AND ADVANCE UNIVERSITY EXCELLENCE, THE FOUNDATION IDENTIFIES AND ACQUIRES RESOURCES TO SUPPORT SYSTEM-WIDE INITIATIVES AND MULTI-CAMPUS INITIATIVES. PASSHE FOUNDATION SECURED FUNDS AND CREATED EMPLOYER PARTNERSHIPS TO KICK-START AN INITIATIVE TO EMBED REAL WORLD WORK EXPERIENCES INTO THE ACADEMIC CURRICULUM THROUGH A MULTI-UNIVERSITY PILOT PROGRAM INVOLVING FIVE OF ITS UNIVERSITIES AND WHICH WILL LAUNCH ACROSS THE STATE SYSTEM'S 10 UNIVERSITIES AND 14 CAMPUSES IN THE 2027-28 ACADEMIC YEAR. DURING THE 2024-25 YEAR, THE FOUNDATION ALSO SECURED PHILANTHROPIC SUPPORT TO ACCELERATE COURSE AND PROGRAM SHARING INITIATIVES AND TO CONVENE STATE SYSTEM AND UNIVERSITY LEADERSHIP TO REIMAGINE ITS UNIVERSITY-BASED AND SYSTEM-WIDE STRATEGIES FOR BUILDING PENNSYLVANIA'S EDUCATOR TRAINING PIPELINE. THIS SUMMIT, OCCURRING IN FALL 2025, WILL FACILITATE REGIONAL COLLABORATION AND EQUIP STATE SYSTEM UNIVERSITIES TO EFFECTIVELY AND EFFICIENTLY PREPARE THE TEACHER CORPS PENNSYLVANIA NEEDS TO GROW AND THRIVE.Expenses $479,769 · grants $155,000 · revenue $218,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2686249
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $11,323,411
- Income (IRS master file)
- $4,003,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,419,401 | $3,331,819 | $11,323,411 | IRS |
| 990 | June 2024 | $3,560,509 | $2,643,401 | $11,316,664 | XML |
| 990 | June 2023 | $2,493,469 | $1,798,477 | $10,933,847 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2686249).
Questions about PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION
- What is the EIN of PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION?
- The employer identification number (EIN) of PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION is 22-2686249.
- Is PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names SHELLEY SCHERER.
- Who are the officers and directors of PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 2 received compensation from the organization, the highest $177,769 (SHELLEY SCHERER, PRESIDENT & CEO).
- How much revenue does PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,419,401, expenses of $3,331,819 and total assets of $11,323,411 at year end.
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