2023-11-14T08:39:44-05:00 2023-06-30 232213999 HAMILTON & MUSSER PC CPAS 176 CUMBERLAND PARKWAY MECHANICSBURG PA 17055 990 2022-07-01 222686249 PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION FOUNDATION PENN 7177204056 100 NOBLE BLVD STE 10 1014 CARLISLE PA 17013 SCHERER SHELLEY PRESIDENT & CEO 5/23 7177204056 2023-11-08 true SHELLEY SCHERER 999009999 true MATTHEW A WITMER CPA P01282790 7176973888 2023-11-12 2022 2023-04-26 12:10:37Z SCHERER SHELLEY 100 NOBLE BLVD STE 10 1014 CARLISLE PA 17013 2526142 false X WWW.THEPAFOUNDATION.ORG X 1985 PA TO SUPPORT THE EDUCATIONAL MISSION AND ACTIVITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION BY GENERATING PRIVATE SECTOR SUPPORT AND ENGAGING IN OTHER ACTIVITIES TO ADVANCE THE SYSTEM. 17 17 4 17 0 1271067 2162909 254472 216000 97329 114560 0 1622868 2493469 540213 1013801 0 427758 327016 0 66318 400745 457660 1368716 1798477 254152 694992 4629518 10933847 4588188 4629518 6345659 X TO SUPPORT THE EDUCATIONAL MISSION AND ACTIVITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION BY GENERATING PRIVATE SECTOR SUPPORT AND ENGAGING IN OTHER ACTIVITIES TO ADVANCE THE SYSTEM. false false 1188912 950401 THE MISSION OF THE PASSHE FOUNDATION IS TO SUPPORT STUDENT SUCCESS AND UNIVERSITY EXCELLENCE. IN SUPPORT OF STUDENT SUCCESS, THE FOUNDATION SECURES FUNDS FOR AND MANAGES PROGRAMS AWARDING SCHOLARSHIPS THAT ARE NEED-BASED, INDUSTRY FOCUSED, AND ACADEMICALLY COMPTETITIVE TO STUDENTS ATTENDING THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. DURING THE 2022-23 FISCAL YEAR, THE FOUNDATION AWARDED 567 SCHOLARSHIPS TOTALING 829,117. THESE SCHOLARSHIPS IMPROVE ACCESS TO AND AFFORDABILITY OF HIGHER EDUCATION, ENSURING STUDENTS PERSISTENT THROUGH TO GRADUATION AND ATTAIN A DEGREE. ONE-THIRD OF THE STATE SYSTEM'S STUDENTS COME FROM LOW-INCOME HOUSEHOLDS. A SIMILAR PERCENTAGE ARE THE FIRST GENERATION IN THEIR FAMILIES TO GO TO COLLEGE. THE FOUNDATION'S SCHOLARSHIP PROGRAM NOT ONLY REDUCES THE COST BURDEN OF A POST-SECONDARY EDUCATION BUT ALSO REDUCES THEIR STUDENT LOAN DEBT. STATE SYSTEM STUDENTS FUEL PA'S ECONOMIC VITALITY. TEN YEARS AFTER GRADUATION, 75% OF LOW-INCOME STUDENTS HAVE MOVED INTO MIDDLE CLASS AND THUS ACHIEVED ECONOMIC MOBILITY AND 63% REMAIN WORKING IN PA. 372061 63400 216000 IN SUPPORT OF UNIVERSITY EXCELLENCE, THE FOUNDATION IDENTIFIES AND ACQUIRES RESOURCES TO SUPPORT SYSTEM-WIDE INITIATIVES AND MULTI-CAMPUS INITIATIVES. DURING THE 2022-23 YEAR, THE FOUNDATION SECURED SPONSORSHIPS TO PROMOTE 1)ENTREPRENEURSHIP VIA THE STATE SYSTEM'S STUDENT BUSINESS START-UP CHALLENGE AND 2)DIVERSITY, INCLUSION, AND EQUITY VIA THE STATE SYSTEM'S DEI SUMMIT. IN ADDITION, THE FOUNDATION DISBURSED FUNDS TO PREVENT DRUG AND ALCOHOL ABUSE VIA A PCCD GRANT, WORKFORCE DEVELOPMENT FOR ADULT LEARNERS IN MULTIPLE INDUSTRIES, AND WASHINGTON CENTER INTERNSHIPS FOR STUDENTS PURSUING CAREERS IN PUBLIC SERVICE. 1560973 true true false false false false false false false true true false false false true true true true false false false false false false false false false true true true false false false false false false false false true false false false false false false false false true 12 0 true 4 true false false false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true false false SUSANNE M WALKER 7177204056 100 NOBLE BLVD STE 10 1014 CARLISLE PA 17013 MILLER EDELYN LYNN CHAIR 5.00 X X 0 0 0 STECK MATTHEW J VICE CHAIR 5.00 X X 0 0 0 ALEXANDER MARION CAREY SECRETARY 5.00 X X 0 0 0 D'ANGELO GAIL M TREASURER 5.00 X X 0 0 0 KERR DAVID S ASSISTANT TR 5.00 X X 0 0 0 PEREZ-BRANTLEY DAVID DIRECTOR 1.00 X 0 0 0 BRIGHT JINAKI Z DIRECTOR 1.00 X 0 0 0 COOK ASHLEY DIRECTOR 1.00 X 0 0 0 FRISBY-GREENWOOD DONNA DIRECTOR 1.00 X 0 0 0 HADDOCK JOSEPH DIRECTOR 1.00 X 0 0 0 HELMER ANDREW DIRECTOR 1.00 X 0 0 0 JONES ANDREA DIRECTOR 1.00 X 0 0 0 LYNCH BLAKE DIRECTOR 1.00 X 0 0 0 SKOTEDIS CRYSTAL DIRECTOR 1.00 X 0 0 0 TAYLOR DAVID N DIRECTOR 1.00 X 0 0 0 TROXELL WYATT DIRECTOR 1.00 X 0 0 0 VARANO MICHAEL DIRECTOR 1.00 X 0 0 0 KELLY LIEBLEIN DIRECTOR EME 1.00 X 0 0 0 BOLGER JOHN DIRECTOR EME 1.00 X 0 0 0 LYTTLE KIM E DIRECTOR EME 1.00 X 0 0 0 PRITCHARD CYNTHIA 1023 FORMER PRES 40.00 X 139733 0 25302 SCHERER SHELLEY PRESIDENT & 40.00 X 0 0 0 139733 25302 1 false true false 17296 699482 1446131 546500 2162909 PASSHE SPC 216000 216000 216000 117233 117233 30000 32673 -2673 -2673 -2673 2493469 330560 X 756551 756551 257250 257250 91195 71004 6643 13548 201931 157221 14710 30000 10446 8134 760 1552 1207 940 88 179 22237 17314 1619 3304 41893 31806 9645 442 30000 22776 6907 317 293445 222785 67560 3100 49129 13876 21377 13876 27672 27672 4774 1316 3458 6735 6735 3193 3193 DUES & SUBSCRIPTIONS 819 819 1798477 1560973 171186 66318 909402 5242764 168784 38500 528595 528595 3720116 4955204 4629518 10933847 116062 4472126 0 4588188 X 2950912 4188128 1678606 2157531 4629518 6345659 4629518 10933847 X 694992 461172 559977 X false true X true false X 1145642 1454419 908831 1271067 2162909 6942868 1145642 1454419 908831 1271067 2162909 6942868 1837564 5105304 82145 84215 74646 98099 117233 456338 7399206 884478 0.69000 0.55910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1448913 4500 72459 13985 19000 1492887 1396643 10 70523 18263 1448913 1381205 5260 69606 43574 15854 1396643 1358070 11810 55430 44105 1381205 1156274 192787 48059 39050 1358070 0.73900 0.26100 false false 528595 528595 528595 UNEARNED REVENUE 4472126 4472126 X 2924641 461172 461172 2463469 30000 30000 2493469 1768477 1768477 30000 30000 1798477 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF 11 INDIVIDUAL FUNDS ESTABLISHED TO PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING CERTAIN OF THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSTIONS TAKEN BY THE FOUNDATION. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2020. true PASSHE BOARD OF STUDENT GOVT PRESIDENTS 2300 VARTAN WAY SUITE 207 HARRISBURG PA 17110 6498 BRD OF STDNT GVT PRE MILLERSVILLE UNIVERSITY 40 DILWORTH ROAD MILLERSVILLE PA 17551 232397926 501(C) 88027 BOG ER AID FUND MANSFIELD UNIVERSITY 31 SOUTH ACADEMY ST MANSFIELD PA 16933 232738930 501(C) 55500 MANSFIELD UNI SCLSHP 1 STUDENT BUSINESS PLAN CMP 3 18900 44500 STUDIO/MBRSHIP SHELLER SCHOLARSHIP 2 1750 M&T SCHOLARSHIP 35 17500 PPL SCHOLARSHIP 2 2000 EDITH DAVIS EVE SCHOLRSHP 11 5500 PSECU LIVES OF ACHEIVEMNT 11 10000 HIGHMARK UNDERGRAD SCHL 120 120000 MINNIE PATTON STAYMAN 21 10500 WELLS FARGO SCHOLARSHIP 1 500 AT&T STEM SCHOLARSHIP 1 1000 GEISINGER 7 7000 THE GIANT COMPANY 10 10000 MISC SCHOLARSHIPS 7 8100 false false false false false false false false false PRITCHARD CYNTHIA 1023 FORMER PRES & CEO 139733 6987 18315 165035 X 1 502500 X VARIOUS 4 44000 FAIR MARKET VALUE false false false FORM 990, PAGE 2, PART III, LINE 4A THE MISSION OF THE PASSHE FOUNDATION IS TO SUPPORT STUDENT SUCCESS AND UNIVERSITY EXCELLENCE. IN SUPPORT OF STUDENT SUCCESS, THE FOUNDATION SECURES FUNDS FOR AND MANAGES PROGRAMS AWARDING SCHOLARSHIPS THAT ARE NEED-BASED, INDUSTRY FOCUSED, AND ACADEMICALLY COMPTETITIVE TO STUDENTS ATTENDING THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. DURING THE 2022-23 FISCAL YEAR, THE FOUNDATION AWARDED 567 SCHOLARSHIPS TOTALING 829,117. THESE SCHOLARSHIPS IMPROVE ACCESS TO AND AFFORDABILITY OF HIGHER EDUCATION, ENSURING STUDENTS PERSISTENT THROUGH TO GRADUATION AND ATTAIN A DEGREE. ONE-THIRD OF THE STATE SYSTEM'S STUDENTS COME FROM LOW-INCOME HOUSEHOLDS. A SIMILAR PERCENTAGE ARE THE FIRST GENERATION IN THEIR FAMILIES TO GO TO COLLEGE. THE FOUNDATION'S SCHOLARSHIP PROGRAM NOT ONLY REDUCES THE COST BURDEN OF A POST-SECONDARY EDUCATION BUT ALSO REDUCES THEIR STUDENT LOAN DEBT. STATE SYSTEM STUDENTS FUEL PA'S ECONOMIC VITALITY. TEN YEARS AFTER GRADUATION, 75% OF LOW-INCOME STUDENTS HAVE MOVED INTO MIDDLE CLASS AND THUS ACHIEVED ECONOMIC MOBILITY AND 63% REMAIN WORKING IN PA. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD MEMBERS ALL RECEIVE A NOTIFICATION THAT A DRAFT COPY OF THE 990 FORM IS AVAILABLE FOR REVIEW FOR A 30 DAY PERIOD AT THE FOUNDATION'S OFFICE. IN ADDITION, ANY BOARD MEMBER MAY REQUEST THAT A COPY OF THE DRAFT 990 BE MAILED OR EMAILED TO THEM FOR THEIR REVIEW. AFTER THE 30 DAY REVIEW PERIOD, THE FOUNDATION WILL MAKE ANY NECESSARY CHANGES OR EDITS TO THE 990 FORM AND FILE IT BEFORE THE DUE DATE. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE CURRENTLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY, AND TO INFORM THE FOUNDATION IF AN INTEREST THAT COULD CAUSE A CONFLICT SUBSEQUENTLY OCCURS. IF A CONFLICT IS IDENTIFIED, THE CEO CONFERS WITH THE EXECUTIVE COMMITTEE TO ATTEMPT TO RESOLVE THE CONFLICT. THE BOARD HAS BEEN CONSIDERING THE IMPLEMENTATION OF ANY ANNUAL CONFLICT OF INTEREST DECLARATION. FORM 990, PAGE 6, PART VI, LINE 15A THE FOUNDATION EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES FOR OTHER SIMLAR PA STATE UNIVERSITY FOUNDATIONS WHEN DETERMINING THE COMPENSATION FOR THE FOUNDATION'S PRESIDENT/CEO. HOWEVER, THE FINAL COMPENSATION DETERMINATION HAS NOT BEEN CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES TO DATE. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS THAT MUST BE MADE AVAILABLE TO THE GENERAL PUBLIC ARE MADE AVAILABLE UPON WRITTEN REQUEST. OTHER GOVERNING DOCUMENTS ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G 6,200 67,560 3,100 216,585 0 0 TOTAL 222,785 67,560 3,100 FORM 990, PART XI, LINE 9 CHANGE IN ACCOUNTING METHOD CAUSED ADJUSTMENT TO PRIOR END OF YEAR BALANCE.