Slippery Rock University Foundation Inc is located in Slippery Rock, PA. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Slippery Rock University Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slippery Rock University Foundation Inc 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 06/2023, Slippery Rock University Foundation Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY & AWARD SAID SCHOLARSHIPS.
RAISE SUPPORT FOR SLIPPERY ROCK UNIVERSITY STUDENTS, FACULTY, PROGRAMMING AND ATHLETIC TEAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheryle Campbell Board Member | Trustee | 1 | $0 |
Craig Fraser Board Member | Trustee | 1 | $0 |
Daniel Ginsberg Board Member | Trustee | 1 | $0 |
David C Knopp Jr Thru 1022 Board Member | Trustee | 1 | $0 |
Douglas T Mcmullen Board Member | Trustee | 1 | $0 |
Elizabeth A Berkely Thru 1022 Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $67,667 |
Related organizations | $0 |
Government grants | $170,332 |
All other contributions, gifts, grants, and similar amounts not included above | $1,893,174 |
Noncash contributions included in lines 1a–1f | $22,814 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,131,173 |
Total Program Service Revenue | $478,557 |
Investment income | $952,445 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $187,324 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,291,298 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,234,536 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $130,929 |
Compensation of current officers, directors, key employees. | $110,681 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $312,453 |
Pension plan accruals and contributions | $5,990 |
Other employee benefits | $23,328 |
Payroll taxes | $15,807 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,593 |
Fees for services: Accounting | $33,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $34,725 |
Advertising and promotion | $16,706 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $28,081 |
Travel | $154,128 |
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 | $8,500 |
Insurance | $76,990 |
All other expenses | $192,284 |
Total functional expenses | $4,356,327 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $508,718 |
Pledges and grants receivable | $600,201 |
Accounts receivable, net | $104,210 |
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 | $2,918,353 |
Investments—publicly traded securities | $44,637,942 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $526,219 |
Total assets | $49,295,643 |
Accounts payable and accrued expenses | $50,518 |
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 | $260,659 |
Total liabilities | $311,177 |
Net assets without donor restrictions | $8,251,428 |
Net assets with donor restrictions | $40,733,038 |
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 | $0 |
Total liabilities and net assets/fund balances | $49,295,643 |