2026-03-05T17:01:02-06:00 2025-06-30 251031723 H2R CPA 875 GREENTREE RD BLDG 7 STE 1000 PITTSBURGH PA 15220 990 2024-07-01 237093388 SLIPPERY ROCK UNIVERSITY FOUNDATION INC SLIP 7247382047 PO BOX 233 SLIPPERY ROCK PA 16057 MARK PALMER CHAIR 7247382047 2026-02-06 1 1 EDWARD G SCHERER P00953415 4123912920 2026-02-06 2024 2025-03-06 01:10:19Z MARK PALMER PO BOX 233 SLIPPERY ROCK PA 16057 10251398 0 X WWW.SRUFOUNDATION.ORG X 1970 PA TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES. 22 22 6 0 0 0 7024143 3435022 394826 292043 4394667 2219256 816923 768975 12630559 6715296 3513219 3214319 0 0 490272 477070 0 0 73847 3329529 4125484 7333020 7816873 5297539 -1101577 55307045 56734770 551175 290494 54755870 56444276 THE SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. EXISTS TO SUPPORT THE PRIORITY NEEDS OF SLIPPERY ROCK UNIVERSITY BY GENERATING & MANAGING PRIVATE RESOURCES, BOTH FISCAL AND PHYSICAL. 0 0 3214319 3214319 RAISE & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY & AWARD SAID SCHOLARSHIPS. 3638358 361609 RAISE SUPPORT FOR SLIPPERY ROCK UNIVERSITY STUDENTS, FACULTY, PROGRAMMING AND ATHLETIC TEAMS. 6852677 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 1 66 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X SARAH TROWBRIDGE 7247382047 104 MALTBY AVE SLIPPERY ROCK PA 16057 CHERYLE CAMPBELL BOARD MEMBER 1.00 X 0 0 0 CRAIG FRASER BOARD MEMBER 1.00 X 0 0 0 DANIEL GINSBERG BOARD MEMBER 1.00 X 0 0 0 DONALD FOX BOARD MEMBER 1.00 X 0 0 0 ERIC WANGLER BOARD MEMBER 1.00 X 0 0 0 ERIN DARUSZKA BOARD MEMBER 1.00 X 0 0 0 FRANCIS J ALOI BOARD MEMBER 1.00 X 0 0 0 GAIL PASERBA BOARD MEMBER 1.00 X 0 0 0 JENNIFER L WALTERS SECRETARY 3.00 1.00 X X 0 0 0 JOY ZEINER BOARD MEMBER 1.00 X 0 0 0 JULIE PREBULA BOARD MEMBER (THRU 10/24) 1.00 X 0 0 0 KENNETH BONUS BOARD MEMBER 1.00 X 0 0 0 LAWRENCE KELLY BOARD MEMBER 1.00 X 0 0 0 MARK PALMER CHAIR 3.00 1.00 X X 0 0 0 RICHARD A HARPER BOARD MEMBER 1.00 X 0 0 0 SANDRA CONNOLLY VICE CHAIR 3.00 1.00 X X 0 0 0 TIMOTHY POST BOARD MEMBER 1.00 X 0 0 0 JOSEPH FINNEY BOARD MEMBER 1.00 X 0 0 0 JAIRUS MOORE BOARD MEMBER 1.00 X 0 0 0 ERICA NELSON-FLOWERS BOARD MEMBER 1.00 X 0 0 0 MELISSA RICHEY BOARD MEMBER 1.00 X 0 0 0 TERRY SHULSKY BOARD MEMBER 1.00 X 0 0 0 TROY MILLER BOARD MEMBER (AS OF 10/24) 1.00 X 0 0 0 DAVID HOLLENBAUGH EXECUTIVE DIRECTOR 35.00 5.00 X 174222 0 12314 174222 0 12314 1 0 1 0 ARAMARK LLC 2400 MARKET STREET PHILADELPHIA PA 19103 HOSPITALITY 136171 1 47002 400000 72835 2915185 155470 3435022 SALES 611710 111383 111383 REGISTRATION INCOME 611710 86809 86809 ROYALTY INCOME 611710 86283 86283 NCAA & CONFERENCE REVE 611710 4000 4000 OTHER INCOME 611710 3568 3568 292043 1101940 1101940 69566 0 69566 69566 69566 4559741 3442425 1117316 1117316 1117316 242310 47002 93677 148633 148633 SERVICE PURCHASE CONTR 611710 411941 411941 SPONSORSHIP INCOME 611710 80992 80992 ADMINISTRATIVE FEE INC 611710 57843 57843 550776 6715296 361609 0 2918665 3214319 3214319 191811 182220 9591 191572 21540 165968 4064 11534 1648 9731 155 49783 7114 42001 668 32370 4626 27310 434 438 438 27100 27100 193723 193723 6103 6103 4759 4759 19290 19290 178380 177086 125 1169 8858 8858 80757 80757 SOFTWARE LICENSE (IN-KI 2385388 2384388 1000 CONTRACTED SERVICES 566615 522842 13977 29796 CULTIVATION & STEWARDSH 205813 202116 3697 OPERATING SUPPLIES 152630 151890 740 295630 141059 132038 22533 7816873 6852677 890349 73847 48089 24414 361738 256029 641935 567813 7023 43123 819994 77038 751815 742956 48778373 52833894 4718072 2266541 55307045 56734770 42965 83424 508210 207070 551175 290494 X 10738506 8166385 44017364 48277891 54755870 56444276 55307045 56734770 X -1101577 2814900 -24917 X X 0 1 X 1 0 X 2821432 2969309 2131173 7024143 3435022 18381079 2821432 2969309 2131173 7024143 3435022 18381079 1141570 17239509 678190 1096654 952445 1115115 1101940 4944344 972383 610355 729123 749033 699409 3760303 27085726 1804057 0.63650 0.60290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SERVICE PURCHASE - 2020 AMOUNT: $ 861,800. 2021 AMOUNT: $ 338,820. 2022 AMOUNT: $ 450,000. 2023 AMOUNT: $ 420,000. 2024 AMOUNT: $ 411,941. SPONSORSHIP - 2020 AMOUNT: $ 6,285. 2021 AMOUNT: $ 62,718. 2022 AMOUNT: $ 41,952. 2023 AMOUNT: $ 77,699. 2024 AMOUNT: $ 80,992. ADMIN FEE - 2020 AMOUNT: $ 41,750. 2021 AMOUNT: $ 45,000. 2022 AMOUNT: $ 49,847. 2023 AMOUNT: $ 53,900. 2024 AMOUNT: $ 57,843. FUNDRAISING INCOME LESS EXPENSES - 2020 AMOUNT: $ 62,548. 2021 AMOUNT: $ 163,817. 2022 AMOUNT: $ 187,324. 2023 AMOUNT: $ 197,434. 2024 AMOUNT: $ 148,633. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 35914770 1549205 4914737 2185953 40192759 32371024 822735 5079891 2358880 35914770 31013038 847746 3866733 3356493 32371024 34303522 1347585 -2424389 2213680 31013038 24810458 1540258 9737463 1880230 34303522 0.77000 0.23000 0 0 509241 509241 310753 77038 233715 742956 CHARITABLE REMAINDER TRUST OBLIGATION 18567 ANNUITIES PAYABLE 162427 DUE TO AFFILIATE 26076 207070 X 9736601 2814900 112728 93677 3021305 6715296 0 6715296 8048195 112728 122344 235072 7813123 3750 3750 7816873 PART III, LINE 4: THIS ORGANIZATION RECEIVED A COLLECTION OF LIMITED EDITION, SIGNED AND NUMBERED PRINTS BY JAMES D. WERLINE (150 PRINTS WERE DONATED BY ONE INDIVIDUAL AND 242 WORKS WERE DONATED BY ANOTHER INDIVIDUAL IN DECEMBER 2017). THIS COLLECTION ENHANCES THE ABILITY OF SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. TO SUPPORT SLIPPERY ROCK UNIVERSITY'S EMPHASIS OF EDUCATION AND APPRECIATION OF THE ARTS. THROUGH ITS COLLEGE OF LIBERAL ARTS, SLIPPERY ROCK UNIVERSITY OFFERS ITS STUDENTS FIVE (5) BACHELOR OF FINE ARTS DEGREES, AND FIVE (5) MINOR DEGREES OF FINE ARTS. THE SRU COLLEGE OF EDUCATION PROVIDES ITS STUDENTS ACCESS TO 10 WELL-EQUIPPED ART STUDIOS. THE PRIVATE ART COLLECTION AND WORKS OF STUDENTS ARE SHARED AT NUMEROUS EVENTS THROUGHOUT THE YEAR IN SEVERAL EXHIBIT AREAS ON CAMPUS. THE PRINTS WERE WRITTEN DOWN TO FMV ON 3/22/2022. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAIN INCOME TAXES. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NOT NETTED AGAINST REVENUE ON FORM 990 93,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 93,677. ACTUARIAL LOSS ON ANNUITIES PAYABLE 28,667. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS NOT INCOME ON FORM 990 3,750. SUNSET SERENADE 157003 15486 141517 4750 32341 2545 WAGO 26954 3745 23209 2929 4860 7416 265 4 105355 27771 77584 1250 9920 15738 11663 289312 47002 242310 4179 19530 55495 14473 93677 148633 1 SCHOLARSHIPS TO STUDENTS 2150 3214319 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY. ADMISSION AND CONTINUED ENROLLMENT ARE MONITORED BY SLIPPERY ROCK UNIVERSITY. 0 0 0 0 0 0 0 0 0 DAVID HOLLENBAUGH EXECUTIVE DIRECTOR 174222 0 0 0 0 0 10857 0 1457 0 186536 0 0 0 FRANK ALOI GLENMEDE PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. FRANK ALOI IS ALSO AN EMPLOYEE OF GLENMEDE. HE RECUSES HIMSELF FROM VOTING ON ANY MATTERS RELATED SPECIFICALLY TO GLENMEDE. 0 X 4 42742 AVG HIGH AND LOW PRICE 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE ORGANIZATION USES AN OUTSIDE BROKERAGE FIRM TO SELL THE PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE ANNUALLY REVIEWS ALL FEDERAL FILING REQUIREMENTS, AUDITED FINANCIAL STATEMENTS, AND HAS GENERAL OVERSIGHT OVER THE ENTIRE AUDIT PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS STATE THAT AN INDIVIDUAL MUST EXPOSE THE CONFLICT AND REMOVE THEMSELVES FROM THE VOTE IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THE DIRECTOR, OFFICER, OR COMMITTEE MEMBER HAD FAILED TO DISCLOSE AN ACTUAL OR POSSIBLY FINANCIAL INTEREST. THE BOARD WILL AFFORD THE DIRECTOR, OFFICER, OR COMMITTEE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE THE CONFLICT OF INTEREST. IF AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS THE BOARD DEEMS APPROPRIATE, THE BOARD DETERMINES THAT THE DIRECTOR, OFFICER OR COMMITTEE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION, WHICH MAY INCLUDE IMMEDIATE REMOVAL FROM THE POSITION HELD WITHIN THE FOUNDATION FOR SLIPPERY ROCK UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN (LOSS) ON ANNUITIES PAYABLE -28,667. CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS 3,750. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. 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