Civic Intelligence

The Corporation for Penn State

EIN 25-1500292 • 501(c)3 • University Park, PA

Profile

The Corporation for Penn State is organized for the exclusive purpose of benefiting and promoting the interests of The Pennsylvania State University.

180 Pollock Road 308 Old MainUniversity Park, PA 16802

psu.edu

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

0.57x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

43rd percentile

-0.4%

Higher net margin than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

100th percentile

$1,629,217

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 18465.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

52nd percentile

-0.6%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$5,566

Down $36 (-0.6%) from 2024

Liabilities

Flat

$5,071

Flat from 2024

Net Assets

Down

$495

Down $36 (-6.8%) from 2024

Revenue

Up

$8,823

Up $2,443 (+38%) from 2024

Expenses

Up

$8,859

Up $2,454 (+38%) from 2024

Net Income

Down

-$36

Down $11 (-44%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0K$4.0K$2.0K$0Assets 2021: $5,627Liabilities 2021: $5,071Net Assets 2021: $5562021Assets 2022: $5,627Liabilities 2022: $5,071Net Assets 2022: $5562022Assets 2023: $5,627Liabilities 2023: $5,071Net Assets 2023: $5562023Assets 2024: $5,602Liabilities 2024: $5,071Net Assets 2024: $5312024Assets 2025: $5,566Liabilities 2025: $5,071Net Assets 2025: $4952025

Highlighted filing

2025

Assets$5,566
Liabilities$5,071
Net Assets$495

Operations Trend

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

$10K$5.0K$0-$5.0KRevenue 2021: $7,552Expenses 2021: $7,570Net Income 2021: -$182021Revenue 2022: $6,214Expenses 2022: $6,214Net Income 2022: $02022Revenue 2023: $6,920Expenses 2023: $6,920Net Income 2023: $02023Revenue 2024: $6,380Expenses 2024: $6,405Net Income 2024: -$252024Revenue 2025: $8,823Expenses 2025: $8,859Net Income 2025: -$362025

Highlighted filing

2025

Revenue$8,823
Expenses$8,859
Net Income-$36

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 4, 2026
Return Version
2024v5.2
Gross Receipts
$8,823
Mission and Program Overview

Mission

The Corporation for Penn State is organized for the exclusive purpose of benefiting and promoting the interests of The Pennsylvania State University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,601$5,565▼ $36
Investments Program Related$1$1→ $0
Total Assets$5,602$5,566▼ $36
Liabilities
Accounts Payable and Accrued Expenses$5,071$5,071→ $0
Total Liabilities$5,071$5,071→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531$495▼ $36
Total Net Assets Fund Balance$531$495▼ $36
Total Liabilities and Net Assets / Fund Balance$5,602$5,566▼ $36
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jessica DaleAssistant Secretary$123,918$123,918

Board Members and Trustees

NameTitle
David M KleppingerChairman of the Board
Eric BarronFormer President
Neeli BendapudiPresident
Justin SchwartzFormer Vice President
Nicholas JonesFormer Vice President
Tracey L LangkildeInterim Vice President
Brandon ShortDirector
Karen QuintosDirector
Kelley LynchDirector
Matthew SchuylerDirector
Michael Wade SmithDirector
Naren K GursahaneyDirector
Tracy A RiegelDirector
Shannon S HarveySecretary
Sara F ThorndikeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,823
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,823
Change in Net Assets
$-36
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$8,823-$8,823
Office Expenses-$36-$36
Total Functional Expenses$0$8,859$0$8,859
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation.

Member election for additional members Part VI line 7A

The Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation.

Governing body decisions Part VI line 7B

The governing parent organization may recommend governance decisions.

Form 990 governing body review Part VI line 11

The draft Form 990 is provided to the Board of Directors for comment, questions, review, and approval prior to filing.

Conflict of interest policy compliance Part VI line 12C

The Board of Directors, Members, and Officers complete an annual questionaire documenting compliance with the organizations conflict of interest policy.

CEO executive director top management comp Part VI line 15A

Part VI, Section B, Lines 13, 14, and 15:The policies and procedures of the related controlling parent organization govern the Corporations activities including, but not limited to, a whistleblower, document retention and destruction, and compensation determination policy.The related controlling parent organization provides professional services which includes employee support to the Corporation. The Corporation does not directly employ or pay employees.

Other officer or key employee compensation Part VI line 15B

Compensation are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee utilizing various industry metrics and comparisons.

Form 990 availability to public Part VI line 18

The Corporations Form 990s are available upon written and/or oral request.

Governing documents etc available to public Part VI line 19

The Corporations govering documents, conflict of interest and other related polices, and financial statements are available upon written and/or oral request.

Part VII response or note to any other line in Part VII

The related controlling parent organization provides professional services which includes employee support to the Corporation. The Corporation does not directly employ or pay employees. All remuneration reported was for services rendered as full-time employees of a related organization and not for services rendered to the filing organization.

Filing and Contact Details

Filer

Filer Name
The Corporation for Penn State
EIN
25-1500292
In Care Of
% Sara F Thorndike
Phone
8148650953
Address
180 Pollock Road 308 Old Main, University Park, PA 16802

Signing Officer

Name
Sara F Thorndike
Title
Treasurer
Phone
8148650953
Signed
2026-03-04

Organization Details

Formed
1985
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
7
Employees
0
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Professional services provided by related organization.

Part V response or note to any other line in Part V

Part V, Line 7 g and h: The related parent organization manages compliance with deductible contributions under IRC Section 170(c).

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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Pennsylvania State Uni
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0950000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1312000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2601548
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4461330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5505806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt032051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt128427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt232051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt370748
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt432051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt532051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027768
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt224407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt38952
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0619398
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt183081
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt212429
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt39705
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt54491
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt614885
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Neeli Bendapudi
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Justin Schwartz
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Sara F Thorndike
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Shannon S Harvey
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Michael Wade Smith
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5Eric Barron
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6Tracey L Langkilde
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm7Nicholas Jones
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Former Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5Former President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6Interim Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt7Former Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01629217
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1440116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2670435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3252317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4515379
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt6568663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt714885
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Bonuses are based on several individual and organizational variables. Bonuses are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1Part VII/Schedule J reflect directors and officers receiving compensation and benefits from a related organization. All remuneration reported was for services rendered as full-time employees of a related organization and not for services rendered to the filing organization.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Other non-fixed payments (Part I, line 7)
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1General Explanation Attachment
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing parent organization may recommend governance decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The draft Form 990 is provided to the Board of Directors for comment, questions, review, and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors, Members, and Officers complete an annual questionaire documenting compliance with the organizations conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part VI, Section B, Lines 13, 14, and 15:The policies and procedures of the related controlling parent organization govern the Corporations activities including, but not limited to, a whistleblower, document retention and destruction, and compensation determination policy.The related controlling parent organization provides professional services which includes employee support to the Corporation. The Corporation does not directly employ or pay employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Compensation are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee utilizing various industry metrics and comparisons.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Corporations Form 990s are available upon written and/or oral request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Corporations govering documents, conflict of interest and other related polices, and financial statements are available upon written and/or oral request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Professional services provided by related organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Part V, Line 7 g and h: The related parent organization manages compliance with deductible contributions under IRC Section 170(c).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The related controlling parent organization provides professional services which includes employee support to the Corporation. The Corporation does not directly employ or pay employees. All remuneration reported was for services rendered as full-time employees of a related organization and not for services rendered to the filing organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part V response or note to any other line in Part V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part VII response or note to any other line in Part VII
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Corporation for Penn State
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1Research Park Management
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2Corporation for Penn State
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3Penn State University
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4Penn State Health
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5SJRHN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6PSHHSMC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2251718998
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3251723275

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