Nonprofit · EIN 25-1500292
CORPORATION FOR PENN STATE
Tax-exempt · UNIVERSITY PK, PA 16802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,823 | $8,859 | -$36 | $5,566 | $5,071 | $495 |
| June 30, 2024 | 990 | $6,380 | $6,405 | -$25 | $5,602 | $5,071 | $531 |
| June 30, 2023 | 990 | $6,920 | $6,920 | $0 | $5,627 | $5,071 | $556 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,823
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $8,859
Balance sheet and other
- Total assets, start of year
- $5,602
- Total assets, end of year
- $5,566
- Total liabilities, end of year
- $5,071
- Net assets, end of year
- $495
- Net assets without donor restrictions
- $495
- Gross receipts
- $8,823
- Employees
- 0
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Neeli Bendapudi | President Officer | 1 | $0 | $1,569,398 | $59,819 |
| Sara F Thorndike | Treasurer Officer | 1 | $0 | $613,977 | $56,458 |
| Tracey L Langkilde | Interim Vice President Officer | 1 | $0 | $510,297 | $58,366 |
| Michael Wade Smith | Director Trustee or director | 1 | $0 | $471,035 | $44,344 |
| Justin Schwartz | Former Vice President Former | 0 | $0 | $395,081 | $45,035 |
| Shannon S Harvey | Secretary Officer | 1 | $0 | $172,617 | $79,700 |
| Jessica Dale | Assistant Secretary Officer | 1 | $0 | $97,202 | $26,716 |
| Eric Barron | Former President Former | 0 | $0 | $73,862 | $0 |
| Nicholas Jones | Former Vice President Former | 0 | $0 | $14,885 | $0 |
| Naren K Gursahaney | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kelley Lynch | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matthew Schuyler | Director Trustee or director | 1 | $0 | $0 | $0 |
| Karen Quintos | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tracy A Riegel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brandon Short | Director Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David M Kleppinger | Chairman of the Board Officer | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Neeli Bendapudi | President Officer | 1 | $0 | $1,378,476 | $56,351 |
| Justin Schwartz | Vice President Officer | 1 | $0 | $641,087 | $61,195 |
| Eric Barron | Former President Former | 0 | $0 | $606,645 | $40,407 |
| Sara F Thorndike | Treasurer Officer | 1 | $0 | $548,583 | $51,574 |
| Frank T Guadagnino | Former Director Former | 0 | $0 | $465,965 | $48,684 |
| Michael Wade Smith | Director Trustee or director | 1 | $0 | $403,860 | $42,054 |
| Nicholas Jones | Former Vice President Former | 0 | $0 | $242,908 | $518 |
| Shannon S Harvey | Secretary Officer | 1 | $0 | $149,057 | $68,521 |
| Tracy A Riegel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve B Wagman | Director Trustee or director | 1 | $0 | $0 | $0 |
| M Abraham Harpster | Director Trustee or director | 1 | $0 | $0 | $0 |
| Naren K Gursahaney | Director Trustee or director | 1 | $0 | $0 | $0 |
| David M Kleppinger | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kelley M Lynch | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matthew W Schuyler | Chairman of Board Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Eric Barron | Former President Former | 0 | $0 | $1,992,993 | $44,755 |
| Neeli Bendapudi | President Officer | 1 | $0 | $1,239,729 | $41,853 |
| Nicholas Jones | Former Vice President Former | 0 | $0 | $638,208 | $57,001 |
| Justin Schwartz | Vice President Officer | 1 | $0 | $483,063 | $57,001 |
| Sara F Thorndike | Treasurer Officer | 1 | $0 | $481,508 | $49,023 |
| Frank T Guadagnino | Former Director Former | 0 | $0 | $427,611 | $47,155 |
| Michael Wade Smith | Director Trustee or director | 1 | $0 | $362,965 | $37,297 |
| Shannon S Harvey | Secretary Officer | 1 | $0 | $138,475 | $57,343 |
| Tracy Riegel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve Wagman | Director Trustee or director | 1 | $0 | $0 | $0 |
| M Abraham Harpster | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mark H Dambly | Director Trustee or director | 1 | $0 | $0 | $0 |
| David M Kleppinger | Director Trustee or director | 1 | $0 | $0 | $0 |
| Randolph B Houston Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matthew W Schuyler | Chairman of Board Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 180 POLLOCK RD, UNIVERSITY PK, PA 16802-4540
- In care of
- % SARA F THORNDIKE
- Signed the 990
- SARA F THORNDIKE, Treasurer
- Phone
- (814) 865-0953
- Website
- psu.edu
Mission
The Corporation for Penn State is organized for the exclusive purpose of benefiting and promoting the interests of The Pennsylvania State University.
Program accomplishments
- Holding assets and general support for the benefit of The Pennsylvania State University.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 25-1500292
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $5,566
- Income (IRS master file)
- $8,823
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,823 | $8,859 | $5,566 | XML |
| 990 | June 2024 | $6,380 | $6,405 | $5,602 | XML |
| 990 | June 2023 | $6,920 | $6,920 | $5,627 | XML |
| 990 | June 2022 | $6,214 | $6,214 | $5,627 | IRS |
| 990 | June 2021 | – | – | – | 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 25-1500292).
Questions about CORPORATION FOR PENN STATE
- What is the EIN of CORPORATION FOR PENN STATE?
- The employer identification number (EIN) of CORPORATION FOR PENN STATE is 25-1500292.
- Is CORPORATION FOR PENN STATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to CORPORATION FOR PENN STATE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CORPORATION FOR PENN STATE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CORPORATION FOR PENN STATE 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 CORPORATION FOR PENN STATE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of CORPORATION FOR PENN STATE?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does CORPORATION FOR PENN STATE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,823, expenses of $8,859 and total assets of $5,566 at year end.
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