Penn State Alumni Association
- Assets
- $388.6k
- Revenue
- $103.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 01/2001
- Data as of
- 06/2022
- EIN
- 22-2952039
Organization Overview
Penn State Alumni Association, operating under the name Penn State Club Of Lancaster C, is located in Lancaster, PA. The organization was established in 2001. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Penn State Club Of Lancaster C is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Penn State Club Of Lancaster C generated $103.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $61.4k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES PENN STATE IN LANCASTER COUNTY BY PROVIDING SCHOLARSHIPS TO STUDENTS ATTENDING PENN STATE, SPONSORING TRIPS, DOING COMMUNITY SERVICE PROJECTS, AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED SCHOLARSHIPS TO 10 STUDENTS IN LANCASTER COUNTY WHO WILL BE ATTENDING PENN STATE
DONATIONS TO THE THON FUNDRAISING AT PENNS STATE TO BENEFIT THE FOUR DIAMONDS FUND AND A DONATION TO THE NITTANY CLUB TO PURCHSE FOOTBALL TICKETS
HELD AN INFORMATIONALPROGRAM FOR INCOMING PENN STATE UNIVERSITY FRESHMAN FROM LANCASTER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyla Ward Social Chair | OfficerTrustee | 1 | $0 |
Brian Tribbitt Vice-Presodent Communications | Officer | 2 | $0 |
Kyle Kraybill Director | Officer | 1 | $0 |
Melissa Frill Esterly Newsletter | Officer | 2 | $0 |
Glenn Bissinger Vice-President | Officer | 1 | $0 |
Josh Deering Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,835 |
| Fundraising events | $46,464 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,226 |
| Total Program Service Revenue | $0 |
| Investment income | $15,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400 |
| Grants and other assistance to domestic individuals. | $24,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,303 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,035 |
| Office expenses | $343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $489 |
| All other expenses | $936 |
| Total functional expenses | $61,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $363,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,560 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $388,560 |
| Total liabilities and net assets/fund balances | $388,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn State Alumni Association has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |