Penn State Alumni Association
- Assets
- $436.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 01/2001
- Data as of
- 06/2024
- 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 06/2024, Penn State Club Of Lancaster C generated $97.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $81.5k during the year ending 06/2024. While expenses have increased by 5.8% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
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
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 |
|---|---|---|---|
Scott Shonk President | 5 | $0 | |
Rick Miller Vice-President | 8 | $0 | |
Josh Deering Secretary | 5 | $0 | |
Francis C Musso Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,312 |
| Total Program Service Revenue | $57,713 |
| Membership dues | $0 |
| Investment income | $27,145 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,285 |
| Other Revenue | $5,049 |
| Total Revenue | $97,504 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81,523 |
| Total expenses | $81,523 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $436,889 |
| Other assets | $0 |
| Total assets | $436,889 |
| Total liabilities | $0 |
| Net assets or fund balances | $436,889 |