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Nonprofit · EIN 57-1138956

FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER

Tax-exempt · STATE COLLEGE, PA 16803

Financials

$6.3M$3.9M2022$7.6M$4.9M2023$11.2M$5.4M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$11,238,335$5,447,064$5,791,271$33,011,417$299,680$32,711,737
June 30, 2024990$7,629,084$4,930,849$2,698,235$24,256,882$266,384$23,990,498
June 30, 2023990$6,254,654$3,874,054$2,380,600$19,480,920$297,003$19,183,917
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$11,399,292
Program service revenue
$0
Investment income
-$110,481
Net gain from sales of assets
-$111,084
Net income from fundraising events
-$50,476
Other revenue
-$50,476

Expenses

Grants and similar amounts paid
$4,058,285
Compensation of officers, directors and key employees
$255,860
Other salaries and wages
$511,479
Salaries, compensation and benefits (total)
$915,650
Professional fundraising fees
$0
Accounting fees
$16,892
Program services (functional)
$4,058,285
Management and general (functional)
$243,696
Fundraising (functional)
$1,145,083

Balance sheet and other

Total assets, start of year
$24,256,882
Total assets, end of year
$33,011,417
Total liabilities, end of year
$299,680
Net assets, end of year
$32,711,737
Publicly traded securities
$57,506
Net assets without donor restrictions
$16,477,102
Net assets with donor restrictions
$16,234,635
Gross receipts
$16,965,964
Employees
8
Volunteers
76
Year formed
2003
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRYAN ROACHEXECUTIVE VP/CFO
Officer
2$0$759,013$174,912
KATHLEEN RHINECEO/OFFICER/DIRECTOR
Trustee or director, Officer
2$0$603,843$201,204
ADRIENNE KRASOWITZEXECUTIVE DIRECTOR
Officer
40$230,765$0$14,074
LANCE ROSEFORMER CEO/OFFICER/DIRECTO
Former
0$0$14,721$0
WILLIAM P HAYESCHAIR
Trustee or director, Officer
2$0$0$0
KAY KUSTANBAUTERVICE CHAIR
Trustee or director, Officer
2$0$0$0
KASANDRA A BOTTI DOSECRETARY
Trustee or director, Officer
2$0$0$0
THOMAS J TARICANITREASURER
Trustee or director, Officer
2$0$0$0
BETH KALENAKDIRECTOR
Trustee or director
2$0$0$0
TED OYLERDIRECTOR
Trustee or director
2$0$0$0
THEODORE ZIFF MDDIRECTOR
Trustee or director
2$0$0$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHLEEN RHINECEO/OFFICER/DIRECTOR
Trustee or director, Officer
2$0$2,332,581$296,030
BRYAN ROACHEXECUTIVE VP/CFO
Officer
2$0$690,811$77,045
ADRIENNE KRASOWITZEXECUTIVE DIRECTOR
Officer
40$185,894$0$18,853
LANCE ROSEFORMER CEO/OFFICER/DIRECTOR
Former
0$0$14,721$0
WILLIAM P HAYESCHAIR
Trustee or director, Officer
2$0$0$0
KAY KUSTANBAUTERVICE CHAIR
Trustee or director, Officer
2$0$0$0
KASANDRA A BOTTI DOSECRETARY
Trustee or director, Officer
2$0$0$0
THOMAS J TARICANITREASURER
Trustee or director, Officer
2$0$0$0
BETH KALENAKDIRECTOR
Trustee or director
2$0$0$0
TED OYLERDIRECTOR
Trustee or director
2$0$0$0
PAUL TOMCZUKDIRECTOR
Trustee or director
2$0$0$0
THEODORE ZIFF MDDIRECTOR
Trustee or director
2$0$0$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHLEEN RHINECEO/OFFICER/DIRECTOR
Trustee or director, Officer
2$0$1,133,705$128,780
BRYAN ROACHEXECUTIVE VP/CFO
Officer
2$0$606,771$58,178
SIMON CORBYFORMER EXECUTIVE DIR. (UNTIL 5/22)
Former
0$151,059$0$11,722
LANCE ROSEFORMER CEO/OFFICER/DIRECTOR
Former
0$0$14,721$0
WILLIAM P HAYESCHAIR
Trustee or director, Officer
2$0$0$0
KAY KUSTANBAUTERVICE CHAIR
Trustee or director, Officer
2$0$0$0
KASANDRA A BOTTI DOSECRETARY
Trustee or director, Officer
2$0$0$0
THOMAS J TARICANITREASURER
Trustee or director, Officer
2$0$0$0
BETH KALENAKDIRECTOR
Trustee or director
2$0$0$0
TED OYLERDIRECTOR
Trustee or director
2$0$0$0
PAUL TOMCZUKDIRECTOR
Trustee or director
2$0$0$0
THEODORE ZIFF MDDIRECTOR
Trustee or director
2$0$0$0
JOHN CARDER DDSDIRECTOR (UNTIL 4/20/23)
Trustee or director
2$0$0$0
ADRIENNE KRASOWITZEXECUTIVE DIRECTOR (AS OF 2/19/23)
Officer
40$0$0$0

Address and contacts

Address (IRS master file)
155 WELLNESS WAY, STATE COLLEGE, PA 16803-6702
Principal officer (990 for 2024)
KATHLEEN RHINE, 155 WELLNESS WAY, STATE COLLEGE, PA 168036796
Signed the 990
BRYAN ROACH, SR. EXECUTIVE VP & CFO
Phone
(814) 231-7000
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO PROVIDE FUNDRAISING AND OTHER SUPPORT TO FURTHER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF ITS CONTROLLING ENTITY, MOUNT NITTANY HEALTH SYSTEM.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER, INC. IS AN AFFILIATE OF MOUNT NITTANY HEALTH SYSTEM (HEALTH SYSTEM) WHICH INCLUDES AN ACUTE CARE HOSPITAL WITH 260 BEDS (MOUNT NITTANY MEDICAL CENTER), MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES, INC., MOUNT NITTANY PHYSICIAN GROUP, CENTRE COUNTY CHILDREN'S ADVOCACY CENTER, AND THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER, INC. THE MISSION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE OF OUR REGION BY SUPPORTING THE ADVANCEMENT OF HEALTHCARE AT MOUNT NITTANY HEALTH.CONTINUED ON SCHEDULE O.MOUNT NITTANY HEALTH FOUNDATION RAISED $5,808,533 IN CASH GIFTS. ADDITIONALLY, $7,189,500 IN COMMITMENTS - COMPRISED OF MULTI-YEAR PLEDGES AND PLANNED GIFTS - WERE DOCUMENTED IN FY 2025.IN FY 2025, $262,089 WAS RECEIVED IN SUPPORT OF THE 34TH ANNUAL GOLF CLASSIC, HELD ON SEPTEMBER 20, 2024. THE EVENT RAISED A TOTAL OF $458,536, WITH PROCEEDS BENEFITING THE NEW MOUNT NITTANY MEDICAL CENTER PATIENT TOWER, SLATED TO OPEN IN 2026. DURING FY 2025, $15,505 WAS RECEIVED IN SUPPORT OF THE 35TH ANNUAL GOLF CLASSIC. PROCEEDS FROM THIS EVENT ALSO SUPPORT MOUNT NITTANY HEALTH'S PATIENT TOWER.IN FY 2025, $3,000 WAS RECEIVED IN SUPPORT OF THE 75TH ANNUAL CHARITY BALL, HELD ON FEBRUARY 10, 2024, AT THE PENN STATER HOTEL AND CONFERENCE CENTER. THE EVENT RAISED A TOTAL OF $507,750, WITH PROCEEDS BENEFITING MOUNT NITTANY HEALTH'S PATIENT TOWER.DURING FY 2025, $1,000 WAS RECEIVED IN SUPPORT OF THE 76TH ANNUAL CHARITY BALL, HELD ON FEBRUARY 14, 2026. PROCEEDS FROM THIS EVENT SUPPORT MOUNT NITTANY HEALTH'S PATIENT TOWER.PLEDGE PAYMENTS COLLECTED FROM PREVIOUS PLEDGES: CHILDREN'S ADVOCACY CENTER - $352,500 PATIENT TOWER - $195,000 RADIATION ONCOLOGY - $46,681 MOUNT NITTANY HEALTH TOFTREES - $20,000 GREATEST NEED - $10,000 BEHAVIORAL HEALTH UNIT - $6,000 NURSING EDUCATION - $6,000 CARDIOVASCULAR PAVILION - $3,500PROGRAMMATIC FUNDINGCHILDREN'S ADVOCACY CENTERSUPPORT FOR THE CHILDREN'S ADVOCACY CENTER TOTALED $115,963 IN CASH GIFTS, REPRESENTING CONTRIBUTIONS FROM BOTH SOLICITED DONORS AND GENERAL COMMUNITY SUPPORT. IN ADDITION, EIGHT MULTI-YEAR PLEDGES TOTALING $101,000 WERE DOCUMENTED IN FY 2025.MOUNT NITTANY HEALTH TOFTREESONE PLANNED GIFT TOTALING $250,000 WAS DOCUMENTED IN SUPPORT OF MOUNT NITTANY HEALTH TOFTREES IN FY 2025. MOUNT NITTANY HEALTH PATIENT TOWER SUPPORT FOR THE MOUNT NITTANY HEALTH PATIENT TOWER INCLUDED $1,057,957 IN CASH GIFTS FROM COMMITTED DONORS. IN ADDITION, THIRTEEN MULTI-YEAR PLEDGES AND ONE PLANNED GIFT, TOTALING $1,589,000, WERE DOCUMENTED IN FY 2025.GIVING CATEGORIESANNUAL GIVINGANNUAL GIVING EFFORTSINCLUDING END-OF-YEAR, DOCTORS' DAY, NURSES WEEK, AND CHILDREN'S ADVOCACY CENTER APPEALSRAISED $97,031 IN SUPPORT OF VARIOUS PROGRAMS AND SERVICES AT MOUNT NITTANY HEALTH. FUNDING PRIMARILY SUPPORTED UNRESTRICTED NEEDS, THE PATIENT TOWER FUND, THE BENKOVIC MATCHING FUND FOR COMMUNITY INVESTMENT, AND THE PATIENT SERVICES AND EXPERIENCE FUND.GRATEFUL PATIENT PROGRAMTHE GRATEFUL PATIENT PROGRAM RAISED $390 FROM PATIENTS AND THEIR FAMILIES IN SUPPORT OF VARIOUS PROGRAMS AND SERVICES AT MOUNT NITTANY HEALTH.MEMORIAL GIFTSMEMORIAL GIFTS TOTALING $9,730 WERE RECEIVED IN HONOR OF INDIVIDUALS REMEMBERED BY MEMBERS OF THE COMMUNITY. OUTSIDE EVENTSTHE FOUNDATION BENEFITED FROM SEVERAL COMMUNITY-LED FUNDRAISING EFFORTS IN FY 2025: CENTRE GIVES: $4,344 WAS RAISED IN SUPPORT OF THE CHILDREN'S ADVOCACY CENTER FUND. YMCA OF CENTRE COUNTY: $3,688 WAS RAISED IN SUPPORT OF THE CANCER CARE FUND THROUGH THE DINK FROM PINK FUNDRAISER. CENTRE COUNTY COURT JURY PROGRAM: $732 WAS RAISED IN SUPPORT OF THE CHILDREN'S ADVOCACY CENTER FUND. BRUSH MOUNTAIN SHOE: $569 WAS RAISED IN SUPPORT OF THE EMPLOYEE ASSISTANCE FUND THROUGH A TWO-DAY FUNDRAISING EVENT. DOWNTOWN JOE COFFEE: $250 WAS RAISED IN SUPPORT OF THE CHILDREN'S ADVOCACY CENTER FUND.
    Expenses $4,058,285 · grants $4,058,285

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
57-1138956
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
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E112)
Assets (IRS master file)
$33,011,417
Income (IRS master file)
$16,965,964

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$11,238,335$5,447,064$33,011,417IRS
990June 2024$7,629,084$4,930,849$24,256,882IRS
990June 2023$6,254,654$3,874,054$19,480,920XML
990June 2022$6,079,084$2,836,639$15,006,858IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––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 57-1138956).

Questions about FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER

What is the EIN of FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER?
The employer identification number (EIN) of FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER is 57-1138956.
Is FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER 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 FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER 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 FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER 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 FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER?
The 990 for the year ended June 30, 2025 names KATHLEEN RHINE.
Who are the officers and directors of FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER?
The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization.
How much revenue does FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER have?
On its 990 for the year ended June 30, 2025 it reported revenue of $11,238,335, expenses of $5,447,064 and total assets of $33,011,417 at year end.

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