Public Charity

The Penn State Research Foundation

The Penn State Research Foundation is a nonprofit organization categorized as Public Charity based in University Park, PA. Its most recent IRS filing (2024) reports revenue of $7.2M, expenses of $5.8M, total assets of $8.3M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $22K.

EIN: 251359185 University Park, PA Education N.E.C. NTEE: B99 Latest filing: 2024
Total Revenue$7.2M
Total Expenses$5.8M
Total Assets$8.3M
Grant Records1
Funding Total$22K
Filing Years2020–2024

Mission

The Penn State Research Foundations mission is to foster and advance scientific research which includes creating, purchasing, holding and licensing of rights for inventions, designs and intellectual property of The Pennsylvania State University.

Where $100 goes at The Penn State Research Foundation

How The Penn State Research Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
The Penn State Research Foundation develops and sustains the in-house licensing capability of The Pennsylvania State University including licensing of intellectual property, payments to inventors for incentive awards…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2019
START UP GRANT
$22,500

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

President Andrew Read
Director Andrew Stephenson
Vice President Bin Yan
Director Bruce Shook
Director C Daniel Azzara
Director Charles Kunsch

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$22,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $7.2M $5.8M $8.3M
2023 $5.7M $5.6M $8.8M
2022 $5.2M $4.8M $8.3M
2020 $4.8M $4.4M $5.0M

Between 2020 and 2024, reported annual revenue grew from $4.8M to $7.2M (+49%), with total assets most recently reported at $8.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for The Penn State Research Foundation

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