2024-03-08T16:02:54-06:00 2023-06-30 251031723 H2R CPA 875 GREENTREE RD BLDG 7 STE 1000 PITTSBURGH PA 15220 990 2022-07-01 237093388 SLIPPERY ROCK UNIVERSITY FOUNDATION INC SLIP 7247382047 PO BOX 233 SLIPPERY ROCK PA 16057 MARK PALMER CHAIR 7247382047 2024-02-14 1 MARK PALMER 999009999 0 EDWARD G SCHERER P00953415 4123912920 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK PALMER PO BOX 233 SLIPPERY ROCK PA 16057 4373220 0 X WWW.SRUFOUNDATION.ORG X 1970 PA TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES. 20 20 6 0 0 0 2969309 2131173 368769 478557 1096654 952445 610355 729123 5045087 4291298 2930804 2234536 0 0 381806 488507 0 0 170715 1434264 1633284 4746874 4356327 298213 -65029 46512731 49295643 415006 311177 46097725 48984466 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. 0 0 2234536 2234536 RAISE & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY & AWARD SAID SCHOLARSHIPS. 1302957 478557 RAISE SUPPORT FOR SLIPPERY ROCK UNIVERSITY STUDENTS, FACULTY, PROGRAMMING AND ATHLETIC TEAMS. 3537493 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 77 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X KARA KELLY 7247382047 104 MALTBY AVE SLIPPERY ROCK PA 16057 CHERYLE CAMPBELL BOARD MEMBER 1.00 X 0 0 0 CRAIG FRASER BOARD MEMBER 1.00 X 0 0 0 DANIEL GINSBERG BOARD MEMBER 1.00 X 0 0 0 DAVID C KNOPP JR THRU 1022 BOARD MEMBER 1.00 X 0 0 0 DOUGLAS T MCMULLEN BOARD MEMBER 1.00 1.00 X 0 0 0 ELIZABETH A BERKELY THRU 1022 BOARD MEMBER 1.00 X 0 0 0 ERIC WANGLER BOARD MEMBER 1.00 X 0 0 0 ERIN DARUSZKA BOARD MEMBER 1.00 X 0 0 0 FRANCIS J ALOI BOARD MEMBER 1.00 X 0 0 0 GAIL PASERBA BOARD MEMBER 1.00 X 0 0 0 HARRY BERTRAND VICE CHAIR 3.00 1.00 X X 0 0 0 JANET SARGERT BOARD MEMBER 1.00 X 0 0 0 JENNIFER L WALTERS SECRETARY 3.00 1.00 X X 0 0 0 JOY ZEINER BOARD MEMBER 1.00 X 0 0 0 JULIE PREBULA BOARD MEMBER 1.00 X 0 0 0 KENNETH BONUS BOARD MEMBER 1.00 X 0 0 0 MARK PALMER CHAIR 3.00 1.00 X X 0 0 0 RICHARD A HARPER BOARD MEMBER 1.00 X 0 0 0 SANDRA CONNOLLY AS OF 1022 BOARD MEMBER 1.00 X 0 0 0 DONALD FOX AS OF 1022 BOARD MEMBER 1.00 X 0 0 0 LAWRENCE KELLY AS OF 1022 BOARD MEMBER 1.00 X 0 0 0 TIMOTHY POST AS OF 1022 BOARD MEMBER 1.00 X 0 0 0 EDWARD BUCHA THRU 1222 EXECUTIVE DIRECTOR 35.50 2.00 X 136281 0 10123 DAVID HOLLENBAUGH AS OF 922 EXECUTIVE DIRECTOR 35.00 5.00 X 47106 0 3501 183387 0 13624 1 0 0 0 0 67667 170332 1893174 22814 2131173 SALES 611710 203704 203704 REGISTRATION INCOME 611710 99495 99495 ROYALTY INCOME 611710 99458 99458 RENTAL INCOME 611710 67540 67540 NCAA & CONFERENCE REVE 611710 6000 6000 2360 2360 478557 952445 952445 269246 67667 81922 187324 187324 SERVICE PURCHASE CONTR 611710 450000 450000 ADMINISTRATIVE FEE INC 611710 49847 49847 SPONSORSHIP INCOME 611710 41952 41952 541799 4291298 478557 0 1681568 2234536 2234536 130929 110681 20248 312453 8481 273506 30466 5990 1457 2591 1942 23328 5673 10090 7565 15807 3844 6837 5126 17593 17593 33600 33600 34725 33875 850 16706 15016 1690 28081 28081 154128 153273 855 8500 8500 76990 76990 CONTRACTED SERVICES 638484 609476 29008 OPERATING SUPPLIES 211833 212411 -578 CULTIVATION & STEWARDSH 144884 140035 4849 GIFTS & GRANTS 75476 64357 11119 192284 60853 73856 57575 4356327 3537493 648119 170715 2039965 508718 772491 600201 60 104210 2977853 59500 2422121 2918353 40777003 44637942 501091 526219 46512731 49295643 29299 50518 385707 260659 415006 311177 X 6728232 8251428 39369493 40733038 46097725 48984466 46512731 49295643 X -65029 2959911 -8141 X X 0 1 X 1 0 X 4031657 4590368 2821432 2969309 2131173 16543939 4031657 4590368 2821432 2969309 2131173 16543939 2973761 13570178 1192691 884646 678190 1096654 952445 4804626 1273543 1213159 972383 610355 729123 4798563 26147128 1802081 0.51900 0.50890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SERVICE PURCHASE - 2018 AMOUNT: $ 996,000. 2019 AMOUNT: $ 996,000. 2020 AMOUNT: $ 861,800. 2021 AMOUNT: $ 338,820. 2022 AMOUNT: $ 450,000. SPONSORSHIP - 2018 AMOUNT: $ 67,378. 2019 AMOUNT: $ 38,800. 2020 AMOUNT: $ 6,285. 2021 AMOUNT: $ 62,718. 2022 AMOUNT: $ 41,952. ADMIN FEE - 2018 AMOUNT: $ 26,000. 2019 AMOUNT: $ 41,750. 2020 AMOUNT: $ 41,750. 2021 AMOUNT: $ 45,000. 2022 AMOUNT: $ 49,847. FUNDRAISING INCOME LESS EXPENSES - 2018 AMOUNT: $ 184,165. 2019 AMOUNT: $ 136,609. 2020 AMOUNT: $ 62,548. 2021 AMOUNT: $ 163,817. 2022 AMOUNT: $ 187,324. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 31013038 847746 3866733 3356493 32371024 34303522 1347585 -2424389 2213680 31013038 24810458 1540258 9737463 1880230 34303522 24400032 1635744 814516 2039834 24810458 22889986 1228893 2287079 2005926 24400032 0.77000 0.23000 0 0 2173121 2173121 300000 59500 240500 504732 504732 2918353 CHARITABLE REMAINDER TRUST OBLIGATION 15584 ANNUITIES PAYABLE 170094 DUE TO AFFILIATE 74981 260659 X 7432430 2959911 99299 81922 3141132 4291298 0 4291298 4546298 99299 90672 189971 4356327 0 4356327 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. SEE PART XI, LINE 9 DISCLOSURE FOR THE CURRENT YEAR WRITE DOWN TO CURRENT FAIR MARKET VALUE. 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 NETTED AGAINST REVENUE ON FORM 990 81,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 81,922. CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS NOT INCOME ON FORM 990 8,750. SUNSET SERENADE 166406 26722 139684 279 36960 7252 ROCK FOOTBALL 51585 25413 26172 15086 5 118922 15532 103390 22345 336913 67667 269246 279 36960 44683 81922 187324 1 SCHOLARSHIPS TO STUDENTS 1989 2234536 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY. ADMISSION AND CONTINUED ENROLLMENT ARE MONITORED BY SLIPPERY ROCK UNIVERSITY. FRANK ALOI GLENMEDE 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. 0 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. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN (LOSS) ON ANNUITIES PAYABLE 609. CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS -8,750. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. SLIPPERY ROCK UNIVERSITY 1 MORROW WAY SLIPPERY ROCK PA 16057 251513539 HIGHER EDUCATION - PUBLIC UNIVERSITY PA COMMONWEALTH OF PENNSYLVANIA 0 SRUF STUDENT HOUSING LLC 1 MORROW WAY SLIPPERY ROCK PA 16057 474500591 PROVIDE HOUSING FOR ENROLLED STUDENTS PA 501(C)(3) LINE 10 SRUF CAMPUS HOUSING INC (MANAGING MEMBER) 0 SRUF CAMPUS HOUSING INC 1 MORROW WAY SLIPPERY ROCK PA 16057 475280523 MANAGING MEMBER FOR SRUF CAMPUS HOUSING LLC PA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 SLIPPERY ROCK UNIVERSITY J 26010 CASH SLIPPERY ROCK UNIVERSITY K 4116 CASH SLIPPERY ROCK UNIVERSITY L 450000 CASH SLIPPERY ROCK UNIVERSITY O 99299 IND. RATE X TIME SPENT SRUF STUDENT HOUSING LLC O 49847 CASH