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The Penn State Research Foundations mission is to foster and advance scientific research which includes creating, purchasing, holding and licensing of rights for inventions, designs and intellectual property of The Pennsylvania State University.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$7.2M
Program Spending
100%
of total expenses go to program services
Total Contributions
$2.4M
Total Expenses
▼$5.8M
Total Assets
$8.3M
Total Liabilities
▼$523.4K
Net Assets
$7.7M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$244.2K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $7.2M | $2.4M | $5.8M | $8.3M | $7.7M |
| 2023IRS e-File | $5.7M | $1.5M | $5.6M | $8.8M | $7.1M |
| 2022 | $5.2M | $1.5M | $4.8M | $8.3M | $6.4M |
| 2021 | $8.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Andrew Read | President | 1 | $0 | $537.6K | $45.3K | $582.9K |
| Virginia A Teachey | Treasurer Term 42025 | 1 | $0 | $336.7K | $52.5K | $389.2K |
| Bin Yan | Vice President | 1 | $0 | $258.2K | $43.7K | $301.9K |
| Lee Wagner | Acting Treasurer Eff 052025 | 1 | $0 | $233.6K | $48.6K | $282.2K |
| James Delattre | Secretary | 1 | $0 | $240K | $22.3K | $262.3K |
| Shannon Harvey | Assistant Secretary | 1 | $0 | $172.6K | $79.7K | $252.3K |
| Tracy Claar | Assistant Secretary | 1 | $0 | $57.1K | $36.7K | $93.7K |
Andrew Read
President
$582.9K
Hrs/Wk
1
Compensation
$0
Related Orgs
$537.6K
Other
$45.3K
Virginia A Teachey
Treasurer Term 42025
$389.2K
Hrs/Wk
1
Compensation
$0
Related Orgs
$336.7K
Other
$52.5K
Bin Yan
Vice President
$301.9K
Hrs/Wk
1
Compensation
$0
Related Orgs
$258.2K
Other
$43.7K
Lee Wagner
Acting Treasurer Eff 052025
$282.2K
Hrs/Wk
1
Compensation
$0
Related Orgs
$233.6K
Other
$48.6K
James Delattre
Secretary
$262.3K
Hrs/Wk
1
Compensation
$0
Related Orgs
$240K
Other
$22.3K
Shannon Harvey
Assistant Secretary
$252.3K
Hrs/Wk
1
Compensation
$0
Related Orgs
$172.6K
Other
$79.7K
Tracy Claar
Assistant Secretary
$93.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$57.1K
Other
$36.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andrew Stephenson | Director | 1 | $0 | $0 | $0 | $0 |
| Bruce Shook | Director | 1 | $0 | $0 | $0 | $0 |
| C Daniel Azzara | Director | 1 | $0 | $135.6K | $34.2K | $169.8K |
| Charles Kunsch | Director | 1 | $0 | $0 | $0 | $0 |
| Eric Hall Ii | Director | 1 | $0 |
Andrew Stephenson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bruce Shook
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
C Daniel Azzara
Director
$169.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$135.6K
Other
$34.2K
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Lora Weiss | Former President | — | $0 | $555.7K | $59.2K | $614.8K |
| Eric Barron | Former Director | — | $0 | $73.9K | $0 | $73.9K |
Lora Weiss
Former President
$614.8K
Hrs/Wk
—
Compensation
$0
Related Orgs
$555.7K
Other
$59.2K
Eric Barron
Former Director
$73.9K
Hrs/Wk
—
Compensation
$0
Related Orgs
$73.9K
Other
$0
| $1.7M |
| $6.6M |
| $6.7M |
| $4.9M |
| 2020 | $4.8M | $1.7M | $4.4M | $5M | $3.4M |
| 2019 | $4.1M | $1.5M | $19.1M | $4.8M | $3.3M |
| 2018 | $5.7M | $1.2M | $7.4M | $19.7M | $17.9M |
| 2017 | $10.2M | $1.3M | $6.9M | $22.2M | $20.1M |
| 2016 | $11M | $1.4M | $10.3M | $18.7M | $16.2M |
| 2015 | $5M | $675.3K | $5M | $17.2M | $15.3M |
| 2014 | $6.4M | $0 | $3.7M | $17.6M | $15.7M |
| 2013 | $6.2M | $0 | $3.4M | $15.8M | $14.3M |
| 2012 | $4.7M | $0 | $4.4M | $14.4M | $13.3M |
| 2011 | $4M | $0 | $3.8M | $14.4M | $12.7M |
| 2010 | $5.4M | $0 | $3.6M | $15.4M | $15M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data | PDF not yet published by IRS |
| 2010 | 990 | Data | PDF not yet published by IRS |
| 2007 | 990 | — |
| 2006 | 990 | — |
| $0 |
| $0 |
| $0 |
| Gregory Lewis | Director | 1 | $0 | $131.4K | $33.1K | $164.5K |
| Joseph Herbst | Director | 1 | $0 | $0 | $0 | $0 |
| Kathleen Shay | Director | 1 | $0 | $0 | $0 | $0 |
| Mark Granahan | Director | 1 | $0 | $0 | $0 | $0 |
| Neelima Bendapudi | Director | 1 | $0 | $1.6M | $59.8K | $1.6M |
| Patricia Loftus | Director | 1 | $0 | $0 | $0 | $0 |
| Selda Gunsel | Director | 1 | $0 | $0 | $0 | $0 |
Charles Kunsch
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Hall Ii
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gregory Lewis
Director
$164.5K
Hrs/Wk
1
Compensation
$0
Related Orgs
$131.4K
Other
$33.1K
Joseph Herbst
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Shay
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark Granahan
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Neelima Bendapudi
Director
$1.6M
Hrs/Wk
1
Compensation
$0
Related Orgs
$1.6M
Other
$59.8K
Patricia Loftus
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Selda Gunsel
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0