Civic Intelligence

Slippery Rock University Foundation Inc

EIN 23-7093388 • 501(c)3 • Slippery Rock, PA

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Profile

The slippery rock university foundation, inc. Exists to support the priority needs of slippery rock university by generating & managing private resources, both fiscal and physical.

PO Box 233Slippery Rock, PA 16057

www.srufoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.08x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

54th percentile

5.9%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-7.0%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

49th percentile

6.6%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$56,734,770

Up $1,427,725 (+2.6%) from 2024

Liabilities

Down

$290,494

Down $260,681 (-47%) from 2024

Net Assets

Up

$56,444,276

Up $1,688,406 (+3.1%) from 2024

Operations
Liabilities / Revenue21st percentileNet Margin54th percentile

Revenue

Down

$6,715,296

Down $5,915,263 (-47%) from 2024

Expenses

Up

$7,816,873

Up $483,853 (+6.6%) from 2024

Net Income

Down

-$1,101,577

Down $6,399,116 (-121%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $158,105,123Liabilities 2010: $144,448,240Net Assets 2010: $13,656,8832010Assets 2011: $154,185,617Liabilities 2011: $140,374,944Net Assets 2011: $13,810,6732011Assets 2012: $152,290,095Liabilities 2012: $138,635,780Net Assets 2012: $13,654,3152012Assets 2013: $150,640,417Liabilities 2013: $135,237,855Net Assets 2013: $15,402,5622013Assets 2014: $151,067,689Liabilities 2014: $131,616,055Net Assets 2014: $19,451,6342014Assets 2015: $149,023,959Liabilities 2015: $129,370,567Net Assets 2015: $19,653,3922015Assets 2016: $29,992,197Liabilities 2016: $733,840Net Assets 2016: $29,258,3572016Assets 2017: $33,870,188Liabilities 2017: $678,949Net Assets 2017: $33,191,2392017Assets 2018: $37,039,991Liabilities 2018: $653,896Net Assets 2018: $36,386,0952018Assets 2019: $39,852,984Liabilities 2019: $732,712Net Assets 2019: $39,120,2722019Assets 2020: $40,694,166Liabilities 2020: $589,007Net Assets 2020: $40,105,1592020Assets 2021: $49,993,291Liabilities 2021: $366,246Net Assets 2021: $49,627,0452021Assets 2022: $46,512,731Liabilities 2022: $415,006Net Assets 2022: $46,097,7252022Assets 2023: $49,295,643Liabilities 2023: $311,177Net Assets 2023: $48,984,4662023Assets 2024: $55,307,045Liabilities 2024: $551,175Net Assets 2024: $54,755,8702024Assets 2025: $56,734,770Liabilities 2025: $290,494Net Assets 2025: $56,444,2762025

Highlighted filing

2025

Assets$56,734,770
Liabilities$290,494
Net Assets$56,444,276
Open 2025 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $22,903,9802010Expenses 2011: $20,265,3652011Expenses 2012: $20,048,2462012Expenses 2013: $19,344,4392013Revenue 2014: $19,511,205Expenses 2014: $18,038,069Net Income 2014: $1,473,1362014Revenue 2015: $19,059,573Expenses 2015: $18,396,635Net Income 2015: $662,9382015Revenue 2016: $27,145,803Expenses 2016: $12,050,537Net Income 2016: $15,095,2662016Revenue 2017: $5,432,556Expenses 2017: $3,947,802Net Income 2017: $1,484,7542017Revenue 2018: $5,699,624Expenses 2018: $4,333,865Net Income 2018: $1,365,7592018Revenue 2019: $6,938,023Expenses 2019: $5,359,183Net Income 2019: $1,578,8402019Revenue 2020: $7,124,022Expenses 2020: $5,637,950Net Income 2020: $1,486,0722020Revenue 2021: $4,731,811Expenses 2021: $4,307,127Net Income 2021: $424,6842021Revenue 2022: $5,045,087Expenses 2022: $4,746,874Net Income 2022: $298,2132022Revenue 2023: $4,291,298Expenses 2023: $4,356,327Net Income 2023: -$65,0292023Revenue 2024: $12,630,559Expenses 2024: $7,333,020Net Income 2024: $5,297,5392024Revenue 2025: $6,715,296Expenses 2025: $7,816,873Net Income 2025: -$1,101,5772025

Highlighted filing

2025

Revenue$6,715,296
Expenses$7,816,873
Net Income-$1,101,577
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,734,770
Liabilities
$290,494
Net assets
$56,444,276
Revenue
$6,715,296
Expenses
$7,816,873
Net income
-$1,101,577
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$56.7$0.29$56.4$6.72$7.82$1.10
2024Detailed filing. Detailed filing data is available for this year.$55.3$0.55$54.8$12.6$7.33$5.30
2023Detailed filing. Detailed filing data is available for this year.$49.3$0.31$49.0$4.29$4.36$0.07
2022Detailed filing. Detailed filing data is available for this year.$46.5$0.42$46.1$5.05$4.75$0.30
2021Detailed filing. Detailed filing data is available for this year.$50.0$0.37$49.6$4.73$4.31$0.42
2020Detailed filing. Detailed filing data is available for this year.$40.7$0.59$40.1$7.12$5.64$1.49
2019Detailed filing. Detailed filing data is available for this year.$39.9$0.73$39.1$6.94$5.36$1.58
2018Detailed filing. Detailed filing data is available for this year.$37.0$0.65$36.4$5.70$4.33$1.37
2017Detailed filing. Detailed filing data is available for this year.$33.9$0.68$33.2$5.43$3.95$1.48
2016Detailed filing. Detailed filing data is available for this year.$30.0$0.73$29.3$27.1$12.1$15.1
2015Detailed filing. Detailed filing data is available for this year.$149$129$19.7$19.1$18.4$0.66
2014Detailed filing. Detailed filing data is available for this year.$151$132$19.5$19.5$18.0$1.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$151$135$15.4$19.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$152$139$13.7$20.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$140$13.8$20.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$144$13.7$22.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 6, 2026
Return Version
2024v5.5
Gross Receipts
$10,251,398
Mission and Program Overview

Mission

The slippery rock university foundation, inc. Exists to support the priority needs of slippery rock university by generating & managing private resources, both fiscal and physical.

To support the priorities of sru by generating and managing private resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$48,778,373$52,833,894▲ $4,055,521
Land, Buildings, and Equipment, Net$751,815$742,956▼ $8,859
Pledges and Grants Receivable$641,935$567,813▼ $74,122
Savings and Temporary Cash Investments$361,738$256,029▼ $105,709
Accounts Receivable$7,023$43,123▲ $36,100
Cash and Non-Interest-Bearing Accounts$48,089$24,414▼ $23,675
Total Assets$55,307,045$56,734,770▲ $1,427,725
Other Assets Total$4,718,072$2,266,541▼ $2,451,531
Liabilities
Other Liabilities$508,210$207,070▼ $301,140
Accounts Payable and Accrued Expenses$42,965$83,424▲ $40,459
Total Liabilities$551,175$290,494▼ $260,681
Net Assets / Fund Balance
Net Assets With Donor Restrictions$44,017,364$48,277,891▲ $4,260,527
Net Assets Without Donor Restrictions$10,738,506$8,166,385▼ $2,572,121
Total Net Assets Fund Balance$54,755,870$56,444,276▲ $1,688,406
Total Liabilities and Net Assets / Fund Balance$55,307,045$56,734,770▲ $1,427,725

Asset Categories

AssetBook ValueDepreciationBasis
Land$509,241-$509,241
Buildings$233,715$77,038$310,753

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$35,914,770$1,549,205▲ $4,914,737$2,185,953$40,192,759
2023$32,371,024$822,735▲ $5,079,891$2,358,880$35,914,770
2022$31,013,038$847,746▲ $3,866,733$3,356,493$32,371,024
2021$34,303,522$1,347,585▼ $2,424,389$2,213,680$31,013,038
2020$24,810,458$1,540,258▲ $9,737,463$1,880,230$34,303,522
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HollenbaughExecutive DirectorFT$174,222$12,314$186,536

Board Members and Trustees

NameTitle
Mark PalmerChair
Sandra ConnollyVice Chair
Cheryle CampbellBoard Member
Craig FraserBoard Member
Daniel GinsbergBoard Member
Donald FoxBoard Member
Eric WanglerBoard Member
Erica Nelson-flowersBoard Member
Erin DaruszkaBoard Member
Francis J AloiBoard Member
Gail PaserbaBoard Member
Jairus MooreBoard Member
Joseph FinneyBoard Member
Joy ZeinerBoard Member
Kenneth BonusBoard Member
Lawrence KellyBoard Member
Melissa RicheyBoard Member
Richard a HarperBoard Member
Terry ShulskyBoard Member
Timothy PostBoard Member
Troy MillerBoard Member (as of 10/24)
Julie PrebulaBoard Member (thru 10/24)
Jennifer L WaltersSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark LLCHospitality2400 MARKET STREET, Philadelphia, PA 19103$136,171
Revenue and Support

Revenue Composition

Contributions and Grants
$3,435,022
Program Service Revenue
$292,043
Investment Income
$2,219,256
Other Revenue
$768,975
All Other Contributions
$2,915,185
Change in Net Assets
$-1,101,577

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$42,742Avg High and Low Price
Total Noncash Contributions4$42,742-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,715,296
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,021,305
Total Revenue per Audited Statements
$9,736,601
Total Revenue per Form 990
$6,715,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,125,484
Grants and Similar Amounts Paid$3,214,319
Salaries, Compensation, and Employee Benefits$477,070
Total Fundraising Expense$73,847
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,214,319--$3,214,319
All Other Expenses$141,059$132,038$22,533$295,630
Fees for Service Investment Mgmnt Fees-$193,723-$193,723
Current Officers, Directors, Trustees, and Key Employees-$182,220$9,591$191,811
Other Salaries and Wages$21,540$165,968$4,064$191,572
Travel$177,086$125$1,169$178,380
Other Expenses$151,890$13,977$740$152,630
Insurance-$80,757-$80,757
Other Employee Benefits$7,114$42,001$668$49,783
Payroll Taxes$4,626$27,310$434$32,370
Fees for Services Accounting-$27,100-$27,100
Occupancy$19,290--$19,290
Pension Plan Contributions$1,648$9,731$155$11,534
Depreciation Depletion-$8,858-$8,858
Fees for Services Other-$6,103-$6,103
Advertising$4,759--$4,759
Fees for Services Legal-$438-$438
Total Functional Expenses$6,852,677$890,349$73,847$7,816,873

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,048,195
Total Expenses per Form 990$7,816,873
Expenses per Audited Statements$7,813,123
Expenses Not Reported on Form 990$235,072
Expenses Not Reported on Financial Statements$3,750
Other Expense Adjustments$3,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$242,310
Fundraising Direct Expenses$93,677
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sunset Serenade$157,003$141,517$2,545$138,972
Wago$26,954$23,209$265$22,944
Total Events$289,312$242,310$93,677$148,633
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Frank AloiGlenmede Provides Investment Management Services to the Foundation.Frank Aloi Is Also an Employee of Glenmede. He Recuses Himself From Voting on Any Matters Related Specifically to Glenmede.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$162,427
Due to Affiliate$26,076
Charitable Remainder Trust Obligation$18,567
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The finance committee annually reviews all federal filing requirements, audited financial statements, and has general oversight over the entire audit process.”

Form 990, Part VI, Section B, Line 12C

“The by-laws state that an individual must expose the conflict and remove themselves from the vote if the board has reasonable cause to believe the director, officer, or committee member had failed to disclose an actual or possibly financial interest. The board will afford the director, officer, or committee member an opportunity to explain the alleged failure to disclose the conflict of interest. If after hearing the response and making such further investigation as the board deems appropriate, the board determines that the director, officer or committee member has in fact failed to disclose an actual or possible conflict of interest, it will take appropriate action, which may include immediate removal from the position held within the foundation for slippery rock university.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents & financial statements are all available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Slippery Rock University Foundation Inc
EIN
23-7093388
Phone
7247382047
Address
PO BOX 233, SLIPPERY ROCK, PA 16057

Signing Officer

Name
Mark Palmer
Title
Chair
Phone
7247382047
Signed
2026-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Palmer
Formed
1970
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
6
Volunteers
0

Preparer

Firm
H2r CPA
Address
875 GREENTREE RD BLDG 7 STE 1000, PITTSBURGH, PA 15220
Preparer
Edward G Scherer
Phone
4123912920
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Actuarial gain (loss) on annuities payable -28,667. Change in allowance for doubtful accounts 3,750.”

FORM 990, PART XII, LINE 2C:

“There has been no change in the process from the prior year.”

Financial Statement Notes

PART III, LINE 4:

“This organization received a collection of limited edition, signed and numbered prints by james d. Werline (150 prints were donated by one individual and 242 works were donated by another individual in december 2017). This collection enhances the ability of slippery rock university foundation, inc. To support slippery rock university's emphasis of education and appreciation of the arts. Through its college of liberal arts, slippery rock university offers its students five (5) bachelor of fine arts degrees, and five (5) minor degrees of fine arts. The sru college of education provides its students access to 10 well-equipped art studios. The private art collection and works of students are shared at numerous events throughout the year in several exhibit areas on campus. The prints were written down to fmv on 3/22/2022.”

PART X, LINE 2:

“Management has evaluated the effect of the guidance provided by u.s. Generally accepted accounting principles on accounting for uncertain income taxes. The organization may recognize the tax benefit from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income. The organization has analyzed its tax positions taken for filings with the internal revenue service. The organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the organization's financial condition, results of operations, or cash flows.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event costs not netted against revenue on form 990 93,677.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event costs netted against revenue on form 990 93,677. Actuarial loss on annuities payable 28,667.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in allowance for doubtful accounts not income on form 990 3,750.”

Raw XML AppendixShowing 400 of 835 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2312314
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IRS990/Form990PartVIISectionAGrp/PersonNm1CRAIG FRASER
IRS990/Form990PartVIISectionAGrp/PersonNm2DANIEL GINSBERG
IRS990/Form990PartVIISectionAGrp/PersonNm3DONALD FOX
IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC WANGLER
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IRS990/Form990PartVIISectionAGrp/PersonNm7GAIL PASERBA
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER L WALTERS
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IRS990/Form990PartVIISectionAGrp/PersonNm11KENNETH BONUS
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IRS990/Form990PartVIISectionAGrp/PersonNm16TIMOTHY POST
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IRS990/Form990PartVIISectionAGrp/PersonNm18JAIRUS MOORE
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER (AS OF 10/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. EXISTS TO SUPPORT THE PRIORITY NEEDS OF SLIPPERY ROCK UNIVERSITY BY GENERATING & MANAGING PRIVATE RESOURCES, BOTH FISCAL AND PHYSICAL.
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