Public Charity

THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER INC

THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER INC, of STATE COLLEGE, PA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $11.2M in revenue, $5.4M in expenses, $33.0M in total assets. 30 publicly reported grants to this organization, totaling roughly $3.2M, appear in IRS filings.

EIN: 571138956 STATE COLLEGE, PA Latest filing: 2025
Total Revenue$11.2M
Total Expenses$5.4M
Total Assets$33.0M
Grant Records30
Funding Total$3.2M
Filing Years2021–2025

Mission

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

Officers & Directors

EXECUTIVE DIRECTOR Adrienne Krasowitz
DIRECTOR Beth Kalenak
EXECUTIVE VP/CFO Bryan Roach
SECRETARY Kasandra A Botti Do
CEO/OFFICER/DIRECTOR Kathleen Rhine
VICE CHAIR Kay Kustanbauter

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROVIDED FINANCIAL SUPPORT TO AFFILIATE
$1,996,987 2 grants
For grant recipient's exempt purposes
$546,533 7 grants
GENERAL SUPPORT
$336,283 7 grants
HEALTH
$130,920 2 grants
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
$107,200 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $11.2M $5.4M $33.0M
2024 $7.6M $4.9M $24.3M
2023 $6.3M $3.9M $19.5M
2022 $6.1M $2.8M $15.0M
2021 $2.7M $4.1M $18.3M

Between 2021 and 2025, reported annual revenue grew from $2.7M to $11.2M (+323%), with total assets most recently reported at $33.0M.

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

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