2025-03-04T14:33:43-05:00 2024-06-30 990 2023-07-01 251500292 The Corporation for Penn State CORP 180 Pollock Road 308 Old Main University Park PA 16802 Virginia A Teachey AVP for Budget 8148650953 2025-03-04 true 2023 2025-03-06 01:10:19Z X 6380 false X psu.edu X 1985 PA The Corporation for Penn State is organized for the exclusive purpose of benefiting and promoting the interests of The Pennsylvania State University. 11 7 0 0 0 6920 6380 0 0 0 6920 6380 0 0 0 0 0 6920 6405 6920 6405 -25 5627 5602 5071 5071 556 531 The Corporation for Penn State is organized for the exclusive purpose of benefiting and promoting the interests of The Pennsylvania State University. false false Holding assets and general support for the benefit of The Pennsylvania State University. true false false false false false false false false false false false 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 true false false false true X 0 0 true 0 false false false false false false false false false true true false false false X 11 7 false false false false true true true true true false false true true true true true true true true false X Virginia A Teachey 8148650953 180 Pollock Road 308 Old Main University Park PA 16802 X Neeli Bendapudi President 1.00 49.00 X 0 1378476 56351 Justin Schwartz Vice President 1.00 49.00 X 0 641087 61195 Eric Barron Former President 0.00 0.00 X 0 606645 40407 Sara F Thorndike Treasurer 1.00 49.00 X 0 548583 51574 Frank T Guadagnino Former Director 0.00 0.00 X 0 465965 48684 Michael Wade Smith Director 1.00 49.00 X 0 403860 42054 Nicholas Jones Former Vice President 0.00 0.00 X 0 242908 518 Shannon S Harvey Secretary 1.00 49.00 X 0 149057 68521 Tracy A Riegel Director 1.00 0.00 X 0 0 0 Steve B Wagman Director 1.00 0.00 X 0 0 0 M Abraham Harpster Director 1.00 0.00 X 0 0 0 Naren K Gursahaney Director 1.00 0.00 X 0 0 0 David M Kleppinger Director 1.00 0.00 X 0 0 0 Kelley M Lynch Director 1.00 0.00 X 0 0 0 Matthew W Schuyler Chairman of Board 1.00 0.00 X 0 0 0 0 4436581 369304 0 true true false 6380 6380 6380 6380 0 0 0 X 6380 6380 25 25 6405 0 6405 0 5626 5601 1 1 5627 5602 5071 5071 5071 5071 X 556 531 556 531 5627 5602 -25 0 X false true X true false X X 1 The Pennsylvania State Uni 246000376 6 true 0 0 1 0 true false false false false false false false false false false false false false false true false Research Park Mgmt Corp Stock 1 C 1 false false false false false false false true false Neeli Bendapudi President 950000 100000 328476 30657 25694 1434827 Frank T Guadagnino Former Director 433791 32174 30657 18027 514649 Justin Schwartz Vice President 578444 50000 12643 30657 30538 702282 Sara F Thorndike Treasurer 528408 20175 30657 20917 600157 Shannon S Harvey Secretary 149057 60164 8357 217578 Michael Wade Smith Director 399756 4104 30657 11397 445914 Eric Barron Former President 539453 67192 30657 9750 647052 Nicholas Jones Former Vice President 4526 225000 13382 420 98 243426 Other non-fixed payments (Part I, line 7) Bonuses are based on several individual and organizational 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 Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation. Member election for additional members Part VI line 7a The Pennsylvania State University is the sole member and annually elects the Board of Directors of the Corporation. Governing body decisions Part VI line 7b The governing parent organization may recommend governance decisions. 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 VI, Section B, Lines 13, 14, and 15:The policies and procedures of the related controlling parent organization govern the Corporations 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 Corporation. The Corporation does not directly employ or pay employees. Other officer or key employee compensation Part VI line 15b Compensation are calculated, determined, and approved by the related organizational Board as prepared by the compensation committee utilizing various industry metrics and comparisons. Form 990 availability to public Part VI line 18 The Corporations Form 990s are available upon written and/or oral request. Governing documents etc available to public Part VI line 19 The Corporations govering documents, conflict of interest and other related polices, and financial statements are available upon written and/or oral request. List of other fees for services expenses Part IX line 11g Professional services provided by related organization. Part V response or note to any other line in Part V Part V, Line 7 g and h: The related parent organization manages compliance with deductible contributions under IRC Section 170(c). 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 Corporation. The Corporation does not directly employ or pay 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 180 Pollock Road 308 Old Main University Park PA 16802 246000376 Education PA 115 N/A false Pennsylvania College of Technology One College Ave Williamsport PA 17701 232564508 Education PA 501c3 7 Corporation for Penn State true 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 180 Pollock Road 308 Old Main University Park PA 16802 251618093 Technology PA 501c3 7 Corporation for Penn State true The Penn State Uni Philanthropic 180 Pollock Road 308 Old Main University Park PA 16802 274628784 Fundraising PA 501c3 12a Corporation for Penn State true Recycling Markets Center 777 W Harrisburg Pike Middletown PA 17057 202191485 Promote Recycling PA 501c3 7 Corporation for Penn State true 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 Health false St Joseph Medical Group 2500 Bernville Road Reading PA 19605 208544021 Healthcare PA 501c3 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 Penn 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 Medic 100 Crystal A Drive MC CA210 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 CA 210 Hershey PA 17033 261699000 Healthcare PA 501C3 3 PSH false HOSC 15305 Dallas Pkwy Addison TX 75001 200469951 Healthcare PA Nittany Health false false 0.00000 CGH Realty 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 Co 180 Pollock Road 308 Old Main University Park PA 16802 251625696 Real Estate PA Corporation for Penn State C Corp 405974 845479 1.00000 true Research Park Hotel Co 180 Pollock Road 308 Old Main University Park PA 16802 251673018 Hotel PA Research Park Management C Corp Nittany Insurance Co 100 Bank Street Burlington VT 05401 251718998 Insurance PA Corporation for Penn State C Corp 19049833 78449972 1.00000 true PS Research Park Tech 180 Pollock Road 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 I 100 Crystal A Drive MC CA210 Hershey PA 17033 232407709 Real Estate PA PSHHSMC C Corp true The Pennsylvania State University o 6380 FMV