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EIN 25-1359185

The Penn State Research Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
University Park
State
Pennsylvania
Year formed
1934
Most recent tax filings
2022-12-01
NTEE code, primary
B11: Education Single Organization Support
Description
The Penn State Research Foundation seeks patent protection for and exploits the inventions of The Pennsylvania State University. It also issues grants to support scientific and engineering research at the university. The foundation develops and sustains the in-house licensing capability, including licensing intellectual property, providing inventor incentive awards, and sharing royalties.
Related structure
The Penn State Research Foundation is a subordinate organization under The Milton S Hershey Medical Center.
Total revenues
$5,169,616
2022
Total expenses
$4,810,955
2022
Total assets
$8,344,737
2022
Num. employees
0
2022

Program areas at The Penn State Research Foundation

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, and sharing of royalties.

Personnel at The Penn State Research Foundation

NameTitleCompensation
Harl TolbertFormer Vice President
Virginia A TeacheyTreasurer$0
Lora G. WeissBoard Member$0
Timothy HurleyFormer Vice President$0
Bin YanVice President$0
...and 4 more key personnel

Financials for The Penn State Research Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,529,015
Program services$3,558,323
Investment income and dividends$82,278
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,169,616

Form 990s for The Penn State Research Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-17990View PDF
2021-122022-11-09990View PDF
2020-122022-07-11990View PDF
2019-122021-10-18990View PDF
2018-122020-02-12990View PDF
...and 6 more Form 990s
Data update history
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 2, 2023
Updated personnel
Identified 5 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 14 new personnel
June 4, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsChapter / child organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationTax deductible donationsNo full-time employees
General information
Address
308 Old Main
University Park, PA 16802
Metro area
State College, PA
Website URL
psu.edu/ 
Phone
(814) 865-1355
IRS details
EIN
25-1359185
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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