Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Penn State Basketball Scholarship Fund Inc
EIN 25-1639335 • 501(c)7 • State College, PA
Profile
To aid and assist both financial and otherwise needy individuals who could not otherwise attain the benefits of a college education, and to acquire an education at the pennsylvania state university, and to provide vocational guidance and character training for said individuals, to better enable them to earn a livelihood after attaining a college education; and to provide social recreation for said individuals and for the better caring of the aforesaid purposes; to buy, sell, lease, mortgage and own such real estate and personal property as is necessary for said purpose and to receive bequests and money and property of every description, and to hold and manage the same for the said purposes, and to do and perform all things necessary and requisite to carry the aforesaid purposes into effect.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Balance Sheet
Assets
Up$53,114
Up $36,725 (+224%) from 2024
Liabilities
Flat$0
Flat from 2024
Net Assets
Up$53,114
Up $36,725 (+224%) from 2024
Revenue
Up$76,310
Up $1,897 (+2.5%) from 2024
Expenses
Down$39,585
Down $27,930 (-41%) from 2024
Net Income
Up$36,725
Up $29,827 (+432%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $53,114
- Liabilities
- $0
- Net assets
- $53,114
- Revenue
- $76,310
- Expenses
- $39,585
- Net income
- $36,725
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Oct 30, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $76,310
Mission and Program Overview
Mission
To aid and assist both financial and otherwise needy individuals who could not otherwise attain the benefits of a college education, and to acquire an education at the Pennsylvania State University, and to provide vocational guidance and character training for said individuals, to better enable them to earn a livelihood after attaining a college education; and to provide social recreation for said individuals and for the better caring of the aforesaid purposes; to buy, sell, lease, mortgage and own such real estate and personal property as is necessary for said purpose and to receive bequests and money and property of every description, and to hold and manage the same for the said purposes, and to do and perform all things necessary and requisite to carry the aforesaid purposes into effect.
To aid and assist both financial and otherwise the basketball program at the pennsylvania state university, and to operate a booster club for the benefit and enjoyment of its membership.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DIRECT TEAM SUPPORT. | $0 | $12,000 |
| LUNCHEONS HELD DURING BASKETBALL SEASON. | $0 | $10,000 |
| AWAY GAME BUS TRIP. | $0 | $6,946 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PAUL TOMCZUK | President | - | $0 | - | - |
| CALVIN J WAGNER | Treasurer | - | $0 | - | - |
| DOUG LOVISCKY | Secretary/Vice President | - | $0 | - | - |
| MIKE WERNER | Director | - | $0 | - | - |
| JEFF MINELLI | Director | - | $0 | - | - |
| JAMES TIERNEY | Director | - | $0 | - | - |
| JON NESE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Penn State Basketball Scholarship Fund
- EIN
- 25-1639335
- Phone
- 8149548031
- Address
- 1423 N ATHERTON ST 2ND FLOOR, STATE COLLEGE, PA 16803
Signing Officer
- Name
- Calvin J Wagner
- Title
- Treasurer
- Phone
- 8149548031
- Signed
- 2025-10-30
- Discuss with paid preparer
- Yes
Preparer
- Firm
- C J Wagner CPA Inc
- Address
- 1423 N ATHERTON ST 2ND FLOOR, STATE COLLEGE, PA 16803
- Preparer
- C J Wagner CPA
- Phone
- 8149548035
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest income. Amount: 1,004.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: miscellaneous income. Amount: 5,000.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank and credit card fees. Amount: 1,957. Description: socials. Amount: 6,999. Description: away game tickets. Amount: 4,135. Description: bus charter. Amount: 2,811. Description: guest speakers. Amount: 3,000. Description: insurance. Amount: 525. Description: other program service expenses. Amount: 12,000. Description: miscellaneous. Amount: 193. Description: professional fees. Amount: 1,115. Description: social media marketing. Amount: 6,000. Description: web site. Amount: 850. Total to form 990-ez, line 16: 39,585.”
Raw XML Appendix141 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CALVIN J WAGNER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8149548031 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1423 N ATHERTON ST 2ND FLOOR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | STATE COLLEGE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 16803 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 16389 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 53114 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 36725 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 16389 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 53114 |
| IRS990EZ/GrossReceiptsAmt | 0 | 76310 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1004 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 61496 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 16389 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 53114 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 16389 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 53114 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | PAUL TOMCZUK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CALVIN J WAGNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DOUG LOVISCKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MIKE WERNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JEFF MINELLI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JAMES TIERNEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JON NESE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY/VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 39585 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 5000 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO AID AND ASSIST BOTH FINANCIAL AND OTHERWISE THE BASKETBALL PROGRAM AT THE PENNSYLVANIA STATE UNIVERSITY, AND TO OPERATE A BOOSTER CLUB FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERSHIP. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 8810 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | LUNCHEONS HELD DURING BASKETBALL SEASON. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | AWAY GAME BUS TRIP. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | DIRECT TEAM SUPPORT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 10000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 6946 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 12000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 39585 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 28946 |
| IRS990EZ/TotalRevenueAmt | 0 | 76310 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.PENNSTATEHOOPSCLUB.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 1,004. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: MISCELLANEOUS INCOME. AMOUNT: 5,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: BANK AND CREDIT CARD FEES. AMOUNT: 1,957. DESCRIPTION: SOCIALS. AMOUNT: 6,999. DESCRIPTION: AWAY GAME TICKETS. AMOUNT: 4,135. DESCRIPTION: BUS CHARTER. AMOUNT: 2,811. DESCRIPTION: GUEST SPEAKERS. AMOUNT: 3,000. DESCRIPTION: INSURANCE. AMOUNT: 525. DESCRIPTION: OTHER PROGRAM SERVICE EXPENSES. AMOUNT: 12,000. DESCRIPTION: MISCELLANEOUS. AMOUNT: 193. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 1,115. DESCRIPTION: SOCIAL MEDIA MARKETING. AMOUNT: 6,000. DESCRIPTION: WEB SITE. AMOUNT: 850. TOTAL TO FORM 990-EZ, LINE 16: 39,585. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CALVIN J WAGNER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8149548031 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PENN STATE BASKETBALL SCHOLARSHIP FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PENN |
| ReturnHeader/Filer/EIN | 0 | 251639335 |
| ReturnHeader/Filer/PhoneNum | 0 | 8149548031 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1423 N ATHERTON ST 2ND FLOOR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | STATE COLLEGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 16803 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 854293762 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | C J WAGNER CPA INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1423 N ATHERTON ST 2ND FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | STATE COLLEGE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 16803 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8149548035 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | C J WAGNER CPA |
| ReturnHeader/ReturnTs | 0 | 2025-10-30T14:16:10-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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