2024-11-07T09:55:24-05:00 2023-12-31 990 2023-01-01 251359185 The Penn State Research Foundation PENN 308 Old Main University Park PA 16802 Virginia A Teachey Treasurer 8148650953 2024-11-07 true 2023 2024-10-15 13:58:12Z Virginia A Teachey 5655375 false X psu.edu X 1934 PA The Penn State Research Foundations mission is to seek patent protection for and exploit the inventions of The Pennsylvania State University. In addition, the Foundation issues grants to support scientific and engineering research at The Pennsylvania State University. 12 9 0 0 0 1529015 1520122 3558323 3931328 82278 203925 0 5169616 5655375 0 0 0 0 0 4810955 5598652 4810955 5598652 358661 56723 8344737 8770133 1902063 1690735 6442674 7079398 The Penn State Research Foundations mission is to seek patent protection for and exploit the inventions of The Pennsylvania State University. In addition, the Foundation issues grants to support scientific and engineering research at The Pennsylvania State University. false false 5586932 3931328 The Penn State Research Foundation develops and sustains the in-house licensing capability of The Pennsylvania State University including licensing of intellectual property, payments to inventors for incentive awards, and sharing of royalties. 5586932 true false false false false false false false false false false true false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 102 0 true 0 false false false false false false false false false false false false false false false false false X 12 9 false false false false true true false true true false false true true true true false false false false false X Virginia A Teachey 8148650953 308 Old Main University Park PA 16802 X Neelima Bendapudi Director 1.00 49.00 X 0 1378476 56534 Eric Barron Former Director 0.00 0.00 X 0 606646 40407 Lora Weiss Former President 0.00 0.00 X 0 527169 55924 Andrew Read President 1.00 49.00 X 0 461215 43054 Virginia A Teachey Treasurer 1.00 49.00 X X 0 303881 48611 Bin Yan Vice President 1.00 49.00 X X 0 240702 47885 James Delattre Secretary 1.00 49.00 X X 0 224158 20658 Gregory Lewis Director 1.00 0.00 X 0 139851 11653 Patricia Loftus Director 1.00 0.00 X 0 0 0 Selda Gunsel Director 1.00 0.00 X 0 0 0 C Daniel Azzara Director 1.00 0.00 X 0 0 0 Kathleen Shay Director 1.00 0.00 X 0 0 0 Bruce Shook Director 1.00 0.00 X 0 0 0 Andrew Stephenson Director 1.00 0.00 X 0 0 0 Joseph Herbst Director 1.00 0.00 X 0 0 0 Charles Kunsch Director 1.00 0.00 X 0 0 0 Eric Hall II Director 1.00 0.00 X 0 0 0 Mark Granahan Director 1.00 0.00 X 0 0 0 0 3882098 324726 0 true true false The Pennsylvania State University 308 Old Main University Park PA 16802 Intellectual Prop 1646004 1 1520122 1520122 Patent Cost Reimburse 541700 634011 634011 Patent Royalties 541700 3297317 3297317 3931328 203925 203925 5655375 3931328 0 203925 7881 7881 3839 3839 2420807 2420807 1646003 1646003 Professional Services 1520122 1520122 5598652 5586932 11720 0 1227648 470149 513122 787091 2239072 2786062 4364895 4726831 8344737 8770133 1265141 1053813 636922 636922 1902063 1690735 X 6442674 7079398 6442674 7079398 8344737 8770133 56723 580001 0 X false true X true false X X 1 The Pennsylvania State Uni 246000376 6 true 1646003 0 1 1646003 0 true false false false false false false false false false false false false false false true false Asset Backed Securities 4726831 F 4726831 X false false false false false false false true false Lora Weiss Former President 500001 27168 30657 25267 583093 James Delattre Secretary 222372 1786 20658 244816 Eric Barron Former Director 539454 67192 30657 9750 647053 Virginia A Teachey Treasurer 303881 28684 19927 352492 Neelima Bendapudi Director 950001 100000 328475 30657 25877 1435010 Bin Yan Vice President 240702 23040 24845 288587 Gregory Lewis Director 120051 19800 11653 151504 Andrew Read President 461215 30657 12397 504269 Other non-fixed payments (Part I, line 7) Bonuses are based on several individual and organization variables. Bonuses are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee. General Explanation Attachment Part 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. Members or stockholder classes and rights Part VI line 6 The Corporation for Penn State is the sole member and elects the directors. Member election for additional members Part VI line 7a The Corporation for Penn State is the sole member and elects the directors. 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 IV, Section B, Lines 13, 14, and 15:The policies and procedures of the related controlling parent organization govern the Foundations 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 Foundation. The Foundation does not directly employ employees. Form 990 availability to public Part VI line 18 The Foundations Form 990s are available upon written and/or oral request. Governing documents etc available to public Part VI line 19 The Foundations governing documents, conflict of interest and other related policies, 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 Foundation. The Foundation does not directly employ 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. The Pennsylvania State University 308 Old Main University Park PA 16802 246000376 Education PA 115 N/A false The Corporation for Penn State 308 Old Main University Park PA 16802 251500292 Holding Company PA 501c3 12a The Pennsylvania State University false Pennsylvania College of Technology One College Ave Williamsport PA 17701 232564508 Education PA 501c3 7 Corporation for Penn State false PA College of Tech Community Arts One College Ave Williamsport PA 17701 232617447 Art Center PA 501c3 7 PA College of Tech false Ben Franklin Tech Ctr 308 Old Main University Park PA 16802 251618093 Technology PA 501c3 7 Corporation for Penn State false The Penn State Uni Philanthropic 308 Old Main University Park PA 16802 274628784 Fundraising PA 501c3 12a Corporation for Penn State false Recycling Markets Center 777 W Harrisburg Pike Middletown PA 17057 202191485 Promote Recycling PA 501c3 7 Corporation for Penn State false St Joseph Regional Health Network 2500 Bernville Road Reading PA 19605 231352211 Healthcare PA 501c3 3 Penn State Health false St Joseph Medical Center Foundatio 2500 Bernville Road Reading PA 19605 232649362 Fundraising PA 501c3 12a St Joseph Regional Heatlh Network false St Joseph Medical Group 2500 Bernville Road Reading PA 19605 208544021 Healthcare PA 501c10 10 Penn State Health false The Milton S Hershey Med Ctr 90 Hope Drive Hershey PA 17033 251854772 Healthcare PA 115 Penn State Health false Penn State Health 500 University Drive Hershey PA 17033 473769205 Healthcare Support PA 501c3 12a The Pennsylvania State University false Penn State Health Hampden Medical C 220 Good Hope Road Enola PA 17025 851608328 Healthcare PA 501c3 3 Penn State Health false Penn State Health Lancaster Medical 2160 State Road Lancaster PA 17601 851620990 Healthcare PA 501c3 3 Penn State Health false Penn State Health Holy Spirit MC 100 Crystal A Drive MC CA 210 Hershey PA 17033 231512747 Healthcare PA 501c3 3 Penn State Health false Holy Spirit Corporation 100 Crystal A Drive MC CA210 Hershey PA 17033 232214540 Real Estate PA 501c2 PSHHSMC false Pennsylvania Psychiatric Institute 100 Crystal A Drive MC CA210 Hershey PA 17033 261699000 Healthcare PA 501c3 3 Penn State Health false HOSC 15305 Dallas Pkwy Addison TX 75001 200469951 Healthcare PA Nittany Health false false 0.00000 CGH Realty Associates 145 N 6th Street Reading PA 19601 Real Estate PA CGH Realty Co false false 0.00000 Nittany Health ValueHealth Joint 11221 Roe Ave Leawood KS 66211 851154159 Healthcare PA Nittany Health false false 0.00000 Research Park Management Corp 308 Old Main University Park PA 16802 251625696 Real Estate PA Corporation for Penn State C Corp Research Park Hotel Corporation 308 Old Main University Park PA 16802 251673018 Hotel PA Research Park Management Corp C Corp Nittany Insurance Company PO Box 4119 Burlington VT 05406 251718998 Insurance PA Corporation for Penn State C Corp PS Research Park Tech Center 308 Old Main University Park PA 16802 251723275 Condo Management PA Penn State University C Corp Nittany Health Inc 500 University Drive Hershey PA 17033 251769611 Homecare Health PA Penn State Health C Corp CGH Realty Co 2500 Bernville Road Reading PA 19605 232326801 Real Estate PA SJRHN C Corp Holy Spirit Ventures Inc 100 Crystal A Drive MC CA210 Hershey PA 17033 232407709 Real Estate PA PSHHSMC C Corp false false false false false false false false false false false true true false true true false false false The Pennsylvania State University o 1520122 Fair Market Value The Pennsylvania State University m 1646003 Fair Market Value The Pennsylvania State University l 1611522 Fair Market Value The Pennsylvania State University p 7881 Fair Market Value