2025-04-08T15:24:39-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 251554003 PENN STATE ALUMNI ASSOCIATION PENN 8148632809 HINTZ ALUMNI CENTER UNIVERSITY PARK PA 168021439 RYAN D JONES INTERIM EXECUTIVE OFFICER 8148632809 2025-04-07 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-04-07 2023 2025-03-06 01:10:19Z RYAN D JONES HINTZ ALUMNI CENTER UNIVERSITY PARK PA 168021439 16113877 0 X WWW.ALUMNI.PSU.EDU X 1924 PA TO CONNECT ALUMNI TO THE UNIVERSITY AND TO EACH OTHER, TO PROVIDE VALUED SERVICES TO MEMBERS, AND TO SUPPORT THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND SERVICE. 93 92 0 3000 239519 0 333944 378526 2255000 2435411 2946782 5628752 2758849 2986007 8294575 11428696 810863 832329 0 0 0 0 0 0 0 6540163 6143944 7351026 6976273 943549 4452423 90749331 101441737 1920753 2045993 88828578 99395744 X TO CONNECT ALUMNI TO THE UNIVERSITY AND TO EACH OTHER, TO PROVIDE VALUED SERVICES TO MEMBERS, AND TO SUPPORT THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND SERVICE. 0 0 3734112 1906071 PRINT AND ELECTRONIC PUBLICATIONS AND OTHER SPECIAL EVENTS TO KEEP ALUMNI INFORMED AND INVOLVED WITH THE UNIVERSITY. 1178350 748006 362782 OPERATION OF A NATIONWIDE NETWORK OF ALUMNI CHAPTERS, CONSTITUENT SOCIETIES AND OTHER GROUPS. 357420 84323 110040 PROVIDE SUPPORT FOR ACADEMIC AND OTHER PROGRAMS OF THE PENNSYLVANIA STATE UNIVERSITY. 183575 0 56518 RECRUITMENT OF ACADEMICALLY QUALIFIED STUDENTS, STUDENT MENTORING PROGRAMS, AND OTHER PROGRAMS DESIGNED TO INVOLVE STUDENTS WITH THE UNIVERSITY UPON GRADUATION. 183575 0 56518 5453457 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 93 92 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 PA X RYAN D JONES 8148632363 HINTZ ALUMNI CENTER UNIVERSITY PARK PA 16802 X AMI HOPKINS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 ANAND GANJAM ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 BILLIE JO YUHANIAK ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 BOB NAGY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 BRIAN SIELSKI ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 BRIAN TOBIN ALUMNI COUNCIL MEMBER (UNTIL 6/24/24) 1.00 0.00 X 0 0 0 CAITLIN YELINEK ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CARL SIZER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CARL WOODIN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CASEY MOORE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CHARONDA HILL ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CHRIS DAVIS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER THOMAS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CHRISTINA TALLEY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CHRISTINE WEAVER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 CLARABELLE LIN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DAMEON PROCTOR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DAN J SERFASS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DANIEL MCDOWELL ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DARLENE DUNAY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DARREN STEELE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DARRLY BUNDRIGE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DAVE MCCLUNG ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DENISE CORCORAN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 DEWEY TRAINI ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 EBONY REILLY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 EDMOND SCOTT BILLINGSLEY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 ELISE DUFOUR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 ERIC YOUNG ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 GARY BRANDEIS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 GREGORY TOUHILL ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 ISABELLA WEBSTER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JACQUELINE FOOR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JASON BAYONA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JEREMY O'MARD ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JOHANNA RAMOS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JOHN BRABAZON ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JOHN PETERSON ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JONATHAN KLINGEMAN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JONATHAN SAVAGE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 JUSTIN STEVENS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KATHY G HUME ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KATIE BALAY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KATIE DUNN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KELLEY LYNCH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KELLY CAPLAN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KENT LLOYD ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KERRI LAINE PRUNELLA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KEVEN TOBIAS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KIM KAERCHER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 KRISTEN CONTI ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LAURA MCKINNEY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LAWRENCE MILLER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LEILANI C FOX ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LINDA WACKERMAN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LISETTE M GARCIA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LOIS THOMPSON ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LORI BOWERS UHAZIE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LORI E SCHRIDER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 LORI HOUSER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MADDY PRYOR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MADELYN SNYDER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MARIE W CONTEH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MARISSA PRESSER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MARK HACKENBURG ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MARTHA SHARKEY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MARY SHEETZ CONTI ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MATT OWENS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MEAGHAN DALY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MELISSA BRICKHOUSE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MELISSA FEREDAY ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MICHALIE MAZURKIVICH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 MIKE MCHUGH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 NATALIE KELLER ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 NORA O'TOOLE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 PARUL LUTHRA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 PETER LANCASTER JR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 RACHEL FOGLE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 RAJDEEP CHAMPA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 RICHARD HAYES ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 ROBERT BIERTEMPFEL ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 RYAN BROWN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 SAVONNE K JOHNSON ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 SCOTT LYONS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 SHELLI STINE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 SUSAN ROBINSON ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 SUSAN STEADMAN ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 THOMAS HESS ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 TIFFANY MCKENZIE ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 TIFFANY VEET ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 TIZIANA MAZZARELLA ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 TODD DIETRICH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 TRACY HINISH ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 WENDY EDGAR ALUMNI COUNCIL MEMBER 1.00 0.00 X 0 0 0 PAUL J CLIFFORD CEO, SECRETARY, TREASURER 40.00 0.00 X X 260053 0 48650 CATHY LEONARD EXECUTIVE DIR OF MARKETING & OPERATIONS 40.00 0.00 X 119986 0 51840 THOMAS HAMMOND EXECUTIVE DIR OF ENGAGEMENT 40.00 0.00 X 144204 0 38683 RYAN JONES EDITOR 40.00 0.00 X 112800 0 33867 ELIZABETH KING EX DIR OF RESOURCE DEVELOPMENT 40.00 0.00 X 108252 0 37045 MICHELE MOORE DIR, ALUMNI EVENTS & TRAVEL 40.00 0.00 X 102874 0 61183 848169 0 271268 7 0 1 0 QUADGRAPHICS INC N61W23044 HARRYS WAY SUSSEX WI 53089 PRINTING AND MAILING SERVICES 767515 STRASBURG POST OFFICE 152 W KING STREET STRASBURG VA 22657 POSTAGE AND MAILING SERVICES 238445 CVENT INC 1765 GREESBORO STATION PL 7TH FL TYSONS CORNER VA 22102 SOFTWARE PROVIDER 150715 PENN STATE SPORTS PROPERTIES LLC C/O LEARFIELD COMMUNICATIONS PO BOX KANSAS CITY MO 641843038 ADVERTISING AND SPONSORSHIP SERVICES 132613 BLACKTHORNIO INC PO BOX 207561 DALLAS TX 753207561 SOFTWARE PROVIDER 131400 6 378526 378526 MEMBERSHIP DUES AND ASSESSMENTS 541900 1678971 1678971 MISCELLANEOUS INCOME 541900 478310 478310 REGISTRATION EVENT FEES 541900 278130 278130 2435411 2954266 2954266 2746488 2746488 7340814 4666328 2674486 2674486 2674486 67306 18853 48453 48453 INTERNATIONAL TOURS 561520 120901 120901 BOOKSTORE COMMISSIONS 541800 35426 35426 ADVERTISING 541800 30000 30000 4739 4739 191066 11428696 2435411 239519 8375240 X 832329 832329 135796 135796 1900964 1323967 576997 1089761 564706 525055 191476 153989 37487 507398 336376 171022 227720 208148 19572 720000 714295 5705 10460 10460 COMMUNICATION 1360369 1319647 40722 6976273 5453457 1522816 0 2501392 2611434 635083 643122 54242 347501 210604 183518 37546 27086 86966081 97023894 350000 608535 16000 16000 188987 164165 90749331 101441737 68909 306795 1125000 1125000 188987 164165 537857 450033 1920753 2045993 X 88828578 99395744 88828578 99395744 90749331 101441737 X 4452423 6119482 -4739 X 0 1 X 1 0 X 577517 422016 373850 333944 378526 2085853 5903136 5954701 5623166 4641900 5209753 27332656 6480653 6376717 5997016 4975844 5588279 29418509 29418509 5409848 5719151 7036318 5626258 5700754 29492329 58910838 11106113 0.49940 0.51050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10851097 370590 989577 467492 11743772 10583115 434090 605313 771421 10851097 10170209 952964 -216300 323758 10583115 7470427 434267 2394657 129142 10170209 6934488 322811 577916 364788 7470427 1.00000 0.00000 0.00000 1 0 210604 183518 27086 27086 PLEDGES PAYABLE 100000 OTHER ACCRUED EXPENSES 350033 450033 X 22636249 6119482 5209753 18853 11348088 11288161 135796 4739 140535 11428696 12069083 5209753 18853 5228606 6840477 135796 135796 6976273 PART IV, LINE 2B: THE CLASS TREASURIES, CUSTODIAL ACCOUNTS CONSIST OF MONEYS VOLUNTARILY DONATED BY GRADUATING CLASSES DATING BACK TO 1964. THE ASSOCIATION MAINTAINS A SEPARATE LIST OF EACH CLASS'S CASH BALANCE. THE MONEY IS USED TO FUND A 50TH CLASS REUNION FOR EACH GRADUATING CLASS, WHICH HAS A BALANCE IN THIS ACCOUNT. ADDITIONALLY, WHEN CERTAIN CHAPTERS OF THE ASSOCIATION BECOME INACTIVE, AT THE OPTION OF THE CHAPTER, THE ASSOCIATION HOLDS THE FUNDS IN ESCROW. THE FUNDS MAY BE RETURNED IN THE EVENT THAT THE CHAPTERS ARE REACTIVATED. THE ASSOCIATION DOES NOT OWN THESE FUNDS, NOR DOES THE ASSOCIATION HAVE VARIANCE POWER, BUT HAS A FIDUCIARY RESPONSIBILITY TO PROTECT AND PRESERVE THE FUNDS ENTRUSTED TO IT FOR THE CLASSES AND INACTIVE CHAPTERS. PART V, LINE 4: PENN STATE UNIVERSITY HAS ESTABLISHED 47 ENDOWMENTS ON BEHALF OF THE ASSOCIATION WHICH WERE INITIALLY FUNDED THROUGH DONATIONS TO THE UNIVERSITY WITH INCOME DESIGNATED FOR THE ASSOCIATION. THE ASSOCIATION DOES NOT HAVE VARIANCE POWER AND AS SUCH THE ENDOWMENTS ARE NOT ASSETS OF THE ASSOCIATION. THE UNIVERSITY'S INVESTMENT COUNCIL MONITORS AND ADMINISTERS ANNUAL ENDOWMENT SPENDING. PART X, LINE 2: THE STATEMENTS OF FINANCIAL POSITION OF THE ASSOCIATION AT JUNE 30, 2024 AND 2023 DO NOT INCLUDE LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE ASSOCIATION'S POLICY IS TO ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN OTHER MISCELLANEOUS EXPENSES. THE ASSOCIATION HAS NO UNRECOGNIZED TAX BENEFITS THAT, IF RECOGNIZED, WOULD CHANGE THE EFFECTIVE TAX RATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 18,853. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME FROM PARTNERSHIP INVESTMENT RECORDED AT COST 4,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 18,853. 1 CHAPTERS CONSTITUENT SOCIETIES & ALUMNI INTEREST GROUPS (192 AFFILIATES) VARIOUS UNITED STATES PA 99999 0 756997 FMV OPERATIONS THE PENNSYLVANIA STATE UNIVERSITY OLD MAIN UNIVERSITY PARK PA 16802 246000376 SECTION 115 0 75332 FMV ACADEMIC AND OTHER SUPPORT 2 0 PART I, LINE 2: IN ORDER FOR CHAPTERS, CONSTITUENT SOCIETIES, AND ALUMNI INTEREST GROUPS TO RETAIN ITS RECOGNIZED STATUS A COMPLETE ANNUAL REPORT MUST BE SUMITTED TO THE ASSOCIATION. 0 0 0 0 0 0 0 0 0 PAUL J CLIFFORD CEO, SECRETARY, TREASURER 252097 0 0 0 7956 0 23805 0 24845 0 308703 0 0 0 THOMAS HAMMOND EXECUTIVE DIR OF ENGAGEMENT 144204 0 0 0 0 0 38683 0 0 0 182887 0 0 0 CATHY LEONARD EXECUTIVE DIR OF MARKETING & OPERATI 118642 0 0 0 1344 0 31840 0 20000 0 171826 0 0 0 MICHELE MOORE DIR, ALUMNI EVENTS & TRAVEL 102874 0 0 0 0 0 41084 0 20099 0 164057 0 0 0 SCHEDULE J SUPPLEMENTAL EXPLANATION THE ASSOCIATION DOES NOT HAVE COMPENSATION AND EMPLOYEE BENEFIT PRACTICES FOR DISCLOSURE IN PART I AS THEY DO NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY THE PENNSYLVANIA STATE UNIVERSITY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES THE UNIVERSITY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS. FORM 990, PART VI, SECTION A, LINE 1A THE ALUMNI COUNCIL (THE COUNCIL) IS THE GOVERNING BODY OF THE ASSOCIATION AND IS RESPONSIBLE FOR ITS MANAGEMENT, CONTROL AND DEVELOPMENT IN CARRYING OUT THE MISSION OF THE ASSOCIATION. THE COUNCIL SHALL NORMALLY MEET AT LEAST TWICE EACH YEAR. ADDITIONAL OR SPECIAL MEETINGS OF THE COUNCIL MAY BE CALLED BY THE PRESIDENT, THE EXECUTIVE BOARD OR A PETITION TO THE PRESIDENT SIGNED BY A LEAST A MAJORITY OF COUNCIL MEMBERS. THE EXECUTIVE BOARD CONSISTS OF THE PRESIDENT, THE IMMEDIATE PAST PRESIDENT, THE VICE PRESIDENT, THE CHAIR OF THE UNIVERSITY FACULTY SENATE, THE PRESIDENT OF THE UNIVERSITY PARK UNDERGRADUATE ASSOCIATION OR THE PRESIDENT OF THE COUNCIL OF COMMONWEALTH STUDENTS GOVERNMENTS AND AT LEAST TWELVE COUNCIL MEMBERS APPOINTED ANNUALLY BY THE PRESIDENT, INCLUDING ALL CHAIRS OF STANDING COMMITTEES, A RESPRESENTATIVE FROM THE CAMPUS ALUMNI SOCIETIES AND A REPRESENTATVE FROM THE COLLEGE ALUMNI SOCIETIES. THE EXECUTIVE DIRECTOR OF THE ASSOCIATION SERVES AS AN EX-OFFICIO COUNCIL MEMBER OF THE EXECUTIVE BOARD WITHOUT VOTING PRIVILEGES. THE EXECUTIVE BOARD SHALL HOLD AT LEAST FOUR MEETINGS A YEAR. THE EXECUTIVE BOARD TRANSACTS THE BUSINESS OF THE ASSOCIATION IN THE INTERVALS BETWEEN COUNCIL MEETINGS AND HAS ALL THE POWERS OF COUNCIL, REPORTING ALL ACTIONS TAKEN AT THE NEXT MEETING OF COUNCIL OR SOONER AS OCCASION WARRANTS. THE EXECUTIVE BOARD MAKES AND PRESENTS TO THE COUNCIL AN ANNUAL REPORT AND A BUDGET OF ESTIMATED REVENUE AND EXPENSE, AND DIRECTS THE INVESTMENTS AND CARE OF ALL FUNDS AND MONIES OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING PERSONS SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE ASSOCIATION: (1) ALL PERSONS WHO HAVE COMPLETED ONE SEMESTER OR TWO TERMS OF WORK IN ANY UNIVERSITY PROGRAM REQUIRING AT LEAST TWO YEARS OF COMPLETION; (2) ALL PERSONS WHO HAVE RECEIVED AN ADVANCED DEGREE FROM THE UNIVERSITY; (3) ALL INTERNS, RESIDENTS, AND FELLOWS OF THE UNIVERSITY'S MILTON S. HERSHEY MEDICAL CENTER; AND (4) ALL POST-GRADUATE FELLOWS OF THE UNIVERSITY'S COLLEGES WHO HAVE COMPLETED THE EQUIVALENT OF ONE SEMESTER OR TWO TERMS IN AN ACCREDITED PROGRAM. FACULTY MEMBERS, PRESENT AND PAST, PARENTS OF STUDENTS OR OF ALUMNI, AND OTHER LOYAL FRIENDS OF THE UNIVERSITY SHALL BE ADMITTED TO ASSOCIATE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION HAVE THE FOLLOWING RIGHTS AND PRIVILEGES: (1) TO VOTE IN ALL ASSOCIATION ELECTIONS; (2) TO HOLD OFFICE IN THE ASSOCIATION, EXCEPT AS PROVIDED IN THE BYLAWS; AND (3) TO BE ELIGIBLE TO RECEIVE ALL OFFICIAL PUBLICATIONS OF THE ASSOCIATION. MEMBERS OF THE BLUE & WHITE SOCIETY (OTHER THAN THOSE STUDENT ORGANIZATION REPRESENTATIVES DESCRIBED IN THE BYLAWS) AND ASSOCIATE MEMBERS, AS THOSE TERMS ARE DEFINED IN THE BYLAWS, HAVE THE PRIVILEGES OF MEMBERSHIP EXCEPT THAT THEY MAY NOT HOLD OFFICE IN THE ASSOCIATION OR VOTE IN ASSOCIATION ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC VIA THE PENNSYLVANIA DEPARTMENT OF STATE'S WEBSITE (HTTP://WWW.DOS.PA.GOV). FINANCIAL INFORMATION FOR THE ORGANIZATION IS MADE AVAILABLE TO THE PUBLIC SOLELY THROUGH THIS FORM 990. SCHEDULE D TO FORM 990, PARTS XI-XIII RECONCILES THE FINANCIAL INFORMATION REPORTED ON FORM 990 TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII THE ASSOCIATION DOES NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY THE PENNSYLVANIA STATE UNIVERSITY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES THE UNIVERSITY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS. IN ACCORDANCE WITH THE IRS INSTRUCTIONS, WE HAVE REPORTED THE COMPENSATION FOR THESE INDIVIDUALS IN COLUMNS D AND F. FORM 990, PART IX, LINE 11G FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 142,458. MANAGEMENT AND GENERAL EXPENSES 132,780. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 275,238. SALARY REIMBURSEMENT TO PSU: PROGRAM SERVICE EXPENSES 1,181,509. MANAGEMENT AND GENERAL EXPENSES 444,217. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,625,726. FORM 990, PART XI, LINE 9: INCOME FROM PARTNERSHIP INVESTMENT RECORDED AT COST -4,739.