Nonprofit · EIN 23-1352685
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
Also known as Alpha Kappa Psi Professional Business Fraternity Epsilon Rho Chapter
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,670,540,000 | $11,009,921,000 | $660,619,000 | $36,736,678,000 | $7,802,957,000 | $28,933,721,000 |
| June 30, 2024 | 990 | $10,747,066,000 | $9,999,922,000 | $747,144,000 | $34,038,997,000 | $7,613,267,000 | $26,425,730,000 |
| June 30, 2023 | 990 | $9,925,251,000 | $9,264,364,000 | $660,887,000 | $32,928,091,000 | $7,560,308,000 | $25,367,783,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,989,116,000
- of which government grants
- $1,150,145,000
- Program service revenue
- $8,199,959,237
- Investment income
- $902,686,000
- Royalties
- $564,215,000
- Net rental income
- $14,520,000
- Net gain from sales of assets
- $364,235,000
- Net income from fundraising events
- $43,763
- Tax-exempt bond proceeds
- $334,401
- Other revenue
- $578,778,763
Expenses
- Grants and similar amounts paid
- $675,616,764
- Compensation of officers, directors and key employees
- $63,977,125
- Other salaries and wages
- $4,432,801,480
- Salaries, compensation and benefits (total)
- $5,886,033,000
- Professional fundraising fees
- $646,000
- Legal fees
- $35,424,000
- Accounting fees
- $6,008,000
- Occupancy
- $412,535,000
- Travel
- $98,273,000
- Depreciation
- $477,313,000
- Program services (functional)
- $9,899,757,870
- Management and general (functional)
- $968,359,120
- Fundraising (functional)
- $141,804,010
Balance sheet and other
- Total assets, start of year
- $34,038,997,000
- Total assets, end of year
- $36,736,678,000
- Total liabilities, end of year
- $7,802,957,000
- Net assets, end of year
- $28,933,721,000
- Land, buildings and equipment
- $7,676,499,000
- Publicly traded securities
- $6,552,711,991
- Net assets without donor restrictions
- $17,256,448,000
- Net assets with donor restrictions
- $11,677,273,000
- Gross unrelated business income
- $76,039,880
- Gross receipts
- $21,454,598,098
- Employees
- 63,003
- Volunteers
- 29,873
- Year formed
- 1740
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMESON J LARRY DR | TRUSTEE & PRES.- AS OF 3/13/25 Trustee or director, Officer | 55 | $5,459,518 | $2,583,825 |
| AMMON PETER | CHIEF INVESTMENT OFFICER Key employee | 55 | $5,122,459 | $2,023,937 |
| MAGILL M ELIZABETH | FORMER PRESIDENT Former | 0 | $4,210,289 | $247,478 |
| CARNAROLI CRAIG | EXECUTIVE VP Officer | 54 | $3,784,067 | $608,993 |
| MAHONEY KEVIN | CEO, UPHS Key employee | 42 | $2,954,787 | $374,377 |
| KASPER KEITH | EXEC. VP & CAO, UPHS Key employee | 41 | $2,762,775 | $237,535 |
| YOSHOR DANIEL MD | NEUROSURGERY Highest-paid employee | 55 | $2,853,215 | $91,097 |
| ADZICK N SCOTT MD | CHOP - SURGERY Highest-paid employee | 55 | $2,755,817 | $58,113 |
| TAYLOR JESSE MD | CHOP - PLASTIC SURGERY Highest-paid employee | 55 | $2,397,226 | $64,017 |
| MARCOTTE PAUL MD | NEUROSURGERY Highest-paid employee | 55 | $2,308,362 | $44,604 |
| WELCH WILLIAM MD | NEUROSURGERY Highest-paid employee | 55 | $2,208,497 | $75,471 |
| EPSTEIN JON MD | EXEC VP & DEAN MS-AS OF 3/1/25 Officer | 55 | $1,920,577 | $58,408 |
| DRISCOLL DEBORAH A MD | SVP CPUP, VICE DEAN PSOM Key employee | 53 | $1,701,819 | $35,909 |
| VOLPE MICHELLE | SVP & CEO, UPHS Key employee | 50 | $1,482,456 | $12,018 |
| CUNNINGHAM REGINA | CEO HUP Key employee | 54 | $1,442,778 | $18,972 |
81 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HUSSON JAMES | VP DEV & ALUM REL- THRU 3/3/25 Officer | 55 | $1,245,498 | $143,363 |
| JACKSON JOHN PHD | PROVOST Officer | 54 | $1,154,217 | $98,633 |
| WHITE WENDY | SVP & GENERAL COUNSEL Officer | 54 | $1,160,692 | $62,823 |
| ASCH DAVID | SVP STRATEGIC INITIATIVES Key employee | 55 | $1,015,602 | $72,335 |
| NARVEKAR MEDHA | VP & SECRETARY Officer | 55 | $857,568 | $94,904 |
| PUCHTLER JULIA | SVP & CFO, UPHS Key employee | 44 | $853,431 | $90,216 |
| MURPHY THOMAS | SVP ISC & CIO Officer | 55 | $792,934 | $103,538 |
| MASOTTI CHRISTOPHER | VICE DEAN, ADMINISTRATION PSOM Key employee | 55 | $728,919 | $98,973 |
| SESTITO JOHN | VP & EXECUTIVE DIRECTOR CPUP Key employee | 55 | $801,450 | $18,762 |
| PAPAGEORGE ANNE | SR VP FACILITIES & REAL ESTATE Officer | 53 | $732,572 | $78,757 |
| GRIFFO KATHRYN | VP DEV & ALUM REL-AS OF 4/1/25 Officer | 55 | $694,618 | $114,567 |
| GUTMANN AMY | FORMER PRESIDENT Former | 0 | $753,928 | $40,362 |
| DINGFIELD MARK | VP FINANCE & TREASURER Officer | 54 | $704,244 | $80,059 |
| MITCHELL JOANN | SVP FOR INSTITUTIONAL AFFAIRS Officer | 55 | $699,699 | $54,049 |
| LEWIS TREVOR | VP BUDGET & MGMT ANALYSIS Officer | 55 | $587,640 | $86,694 |
| COOPER JEFFREY | VP GOV'T & COMMUNITY RELATIONS Officer | 55 | $609,168 | $31,018 |
| CITRO MICHAEL | VP & CHIEF OF STAFF Officer | 54 | $560,444 | $70,208 |
| HEUER JOHN J | FORMER SVP HUMAN RESOURCE Former | 55 | $511,308 | $85,548 |
| PRITCHETT WENDELL | FORMER PROVOST Former | 53 | $527,870 | $67,181 |
| LOPEZ STACEY | VP INSTITUTIONAL RESEARCH Officer | 55 | $519,218 | $61,919 |
| PELLICANO GREGORY | VP AUDIT, COMPLIANCE & PRIV'Y Officer | 54 | $471,615 | $83,365 |
| JOHNSTON ELIZABETH | FORMER EXEC. DIRECTOR CPUP Former | 54 | $525,042 | $12,084 |
| HOWARD CHARLES | VP SOC EQ & COMM, UNIV. CHAPLN Officer | 55 | $399,082 | $114,111 |
| COWENHOVEN ANNA | VP COMMUNICATNS- THRU 8/1/24 Officer | 55 | $440,737 | $58,220 |
| DILEO RUSSELL | COMPTROLLER Officer | 54 | $426,008 | $72,020 |
| ANDERSON KATHLEEN | VP FOR PUBLIC SAFETY Officer | 54 | $386,142 | $64,568 |
| WITT MARIE | FORMER VP BUSINESS SERVICES Former | 55 | $394,352 | $50,296 |
| WASHINGTON FELICIA | VP HUMAN RESRCS- AS OF 10/1/24 Officer | 55 | $307,271 | $19,015 |
| ROST GREGORY | FORMER SVP & CHIEF OF STAFF Former | 0 | $229,010 | $34,997 |
| MACCARTHY STEPHEN J | FORMER VP COMMUNICATIONS Former | 55 | $246,134 | $10,729 |
| SCALES MICHAEL | VP BUSINESS SRVCS Officer | 55 | $216,739 | $23,663 |
| QUINN PETER | FORMER SVP, VICE DEAN, PROF SR Former | 54 | $104,199 | $34,819 |
| LAU JOAN MD | TRUSTEE; ADJ. PROFESSOR Trustee or director | 2 | $33,104 | $0 |
| IMASOGIE OSAGIE O ESQ | TRUSTEE; LECTURER Trustee or director | 2 | $6,000 | $0 |
| AHMAD HYDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALBER LAURA J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BANDEEN BONNIE MIAO | TRUSTEE- THRU 12/31/24 Trustee or director | 2 | $0 | $0 |
| BARRETT MICHAEL L | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BLITZER DAVID S | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRADY ALLISON W | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAREY II WILLIAM POLK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DINAN JAMES G | TRUSTEE- COMMITTEE CHAIR Trustee or director | 3 | $0 | $0 |
| DURAN ALBERTO IVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERCIL ALP | TRUSTEE- AS OF 1/1/25 Trustee or director | 2 | $0 | $0 |
| ERTEL DAVID | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FRANKLIN CHRISTOPHER H | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HAIDAS ALEX | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOLMAN WENDY COMMINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOWELL JR LLOYD W | TRUSTEE- THRU 12/31/24 Trustee or director | 2 | $0 | $0 |
| JERATH LYNN J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHNSON KEVIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KARP ATHENA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KHADJENOURI MASSI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTIN PATRICIA MD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MCMORRIS MARC F | TRUSTEE- COMMITTEE CHAIR Trustee or director | 3 | $0 | $0 |
| MITCHELL MARSHALL PH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEMIROVSKY OFER | TRUSTEE- THRU 12/31/24 Trustee or director | 2 | $0 | $0 |
| O'HERN LYONS CATHERINE M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAI DHANANJAY M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PEISACH CHERYL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PENN KEVIN S | TRUSTEE- THRU 12/31/24 Trustee or director | 2 | $0 | $0 |
| PERRY RICHARD C | TRUSTEE- THRU 2/28/25 Trustee or director | 2 | $0 | $0 |
| PINOLA KRISTA M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PLATT JULIE BEREN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PRICE MICHAEL J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RACHLEFF ANDREW S | TRUSTEE- THRU 6/13/25 Trustee or director | 2 | $0 | $0 |
| RAGHAVENDRAN RAMANAN | TRUSTEE- CHAIR Trustee or director, Officer | 6.5 | $0 | $0 |
| RODRIGUEZ JENNIFER I | TRUSTEE- AS OF 4/14/25 Trustee or director | 2 | $0 | $0 |
| SCHLEIN THEODORE E | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCHNITZER ALAN DAVID | TRUSTEE- COMMITTEE CHAIR Trustee or director | 3 | $0 | $0 |
| SCHWARTZ BRIAN D | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCHWARTZ JODI J ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SEAMAN JULIE BREIER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHAPIRO JOSH | EX-OFFICIO TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHOEMAKER JOHN P | TRUSTEE- THRU 4/14/25 Trustee or director | 2 | $0 | $0 |
| SNIDER STACEY G | TRUSTEE- THRU 12/31/24 Trustee or director | 2 | $0 | $0 |
| STAVIS ROBERT M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STONE HARLAN M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VAGUE RICHARD W | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WEISS JILL L | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GROSSMAN MATTHEW | VP COMMUNICATNS- AS OF 4/1/25 Officer | 55 | $0 | $0 |
990 for the year ended June 30, 2024: 93 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMMON PETER | CHIEF INVESTMENT OFFICER Key employee | 55 | $5,348,153 | $2,421,556 |
| JAMESON J LARRY DR | PRES & TRUSTEE - AS OF 12/23 Trustee or director, Officer | 55 | $5,137,869 | $1,298,151 |
| YOSHOR DANIEL MD | NEUROSURGERY Highest-paid employee | 55 | $2,749,755 | $83,252 |
| MAHONEY KEVIN | CEO, UPHS Key employee | 42 | $2,777,146 | $20,761 |
| STORM PHILLIP B MD | CHOP - NEUROSURGERY Highest-paid employee | 55 | $2,429,574 | $59,683 |
| TAYLOR JESSE MD | CHOP - PLASTIC SURGERY Highest-paid employee | 55 | $2,357,507 | $59,728 |
| ADZICK N SCOTT MD | CHOP - SURGERY Highest-paid employee | 55 | $2,352,177 | $54,050 |
| MARCOTTE PAUL MD | NEUROSURGERY Highest-paid employee | 55 | $2,357,514 | $41,990 |
| MAGILL M ELIZABETH | PRES & TRUSTEE - THRU 12/23 Trustee or director, Officer | 55 | $2,234,131 | $112,314 |
| DRISCOLL DEBORAH A MD | SVP CPUP, VICE DEAN PSOM Key employee | 53 | $2,124,039 | $34,248 |
| KASPER KEITH | CFO, UPHS Key employee | 41 | $1,810,167 | $236,866 |
| CUNNINGHAM REGINA | CEO HUP Key employee | 54 | $1,804,032 | $18,243 |
| PRITCHETT WENDELL | FORMER PROVOST Former | 53 | $1,641,973 | $62,351 |
| CARNAROLI CRAIG | EXECUTIVE VP Officer | 54 | $1,215,237 | $399,165 |
| VOLPE MICHELLE | COO UPHS Key employee | 50 | $1,396,534 | $15,224 |
| EPSTEIN JON MD | VICE DEAN, PSOM Key employee | 55 | $1,309,872 | $54,337 |
| HUSSON JAMES | VP DEVELOPMNT & ALUMI RELATION Officer | 55 | $1,145,769 | $135,372 |
| WHITE WENDY | SVP & GENERAL COUNSEL Officer | 54 | $1,096,256 | $58,751 |
| JACKSON JOHN PHD | PROVOST Officer | 54 | $938,387 | $80,422 |
| MURPHY THOMAS | SVP ISC & CIO Officer | 55 | $842,823 | $108,673 |
| NARVEKAR MEDHA | VP & SECRETARY Officer | 55 | $785,530 | $82,208 |
| PAPAGEORGE ANNE | SR VP FACILITIES & REAL ESTATE Officer | 53 | $707,284 | $75,096 |
| MASOTTI CHRISTOPHER | VICE DEAN, ADMINISTRATION PSOM Key employee | 55 | $686,367 | $92,022 |
| DINGFIELD MARK | VP FINANCE & TREASURER Officer | 54 | $656,626 | $74,894 |
| HEUER JOHN J | SVP HUMAN RESOUR-THRU 6/30/24 Officer | 55 | $633,241 | $89,567 |
| MITCHELL JOANN | SVP FOR INSTITUTIONAL AFFAIRS Officer | 55 | $665,861 | $51,313 |
| JOHNSTON ELIZABETH | FORMER EXEC. DIRECTOR CPUP Former | 54 | $658,654 | $21,617 |
| LEWIS TREVOR | VP BUDGET & MGMT ANALYSIS Officer | 55 | $599,731 | $79,730 |
| SESTITO JOHN | VP & EXECUTIVE DIRECTOR CPUP Key employee | 55 | $576,461 | $74,885 |
| COOPER JEFFREY | VP GOV'T & COMMUNITY RELATIONS Officer | 55 | $585,075 | $60,791 |
| WITT MARIE | VP BUSINESS SERVS-THRU 5/31/24 Officer | 55 | $527,502 | $63,823 |
| LOPEZ STACEY | VP INSTITUTIONAL RESEARCH Officer | 55 | $521,438 | $58,621 |
| PELLICANO GREGORY | VP AUDIT, COMPLIANCE & PRIV'Y Officer | 54 | $468,344 | $95,509 |
| CITRO MICHAEL | VP AND CHIEF OF STAFF Officer | 54 | $486,773 | $61,886 |
| MACCARTHY STEPHEN J | FORMER VP COMMUNICATIONS Former | 55 | $469,092 | $57,439 |
| DILEO RUSSELL | COMPTROLLER Officer | 55 | $409,859 | $87,462 |
| HOWARD CHARLES | VP SOC EQ & COMM, UNIV. CHAPLN Officer | 55 | $362,540 | $104,624 |
| ANDERSON KATHLEEN | VP FOR PUBLIC SAFETY Officer | 54 | $343,458 | $57,226 |
| ROST GREGORY | FORMER SVP & CHIEF OF STAFF Former | 0 | $284,992 | $54,158 |
| COWENHOVEN ANNA | VP COMMUNICATNS-AS OF 08/01/23 Officer | 55 | $218,435 | $26,805 |
| QUINN PETER | FORMER SR VP, VICE DEAN, PS Former | 54 | $104,479 | $32,270 |
| LAU JOAN MD | TRUSTEE; ADJ. PROFESSOR Trustee or director | 2 | $31,873 | $0 |
| IMASOGIE OSAGIE O ESQ | TRUSTEE; LECTURER Trustee or director | 2 | $6,000 | $0 |
| PINOLA KRISTA MALOVANY | TRUSTEE; CONSULTANT-COURSE DEV Trustee or director | 2 | $1,500 | $0 |
| AHMAD HYDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALBER LAURA J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BANDEEN BONNIE MIAO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARRETT MICHAEL L | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARTH BRETT H | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BLITZER DAVID S | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BOK SCOTT L | TRUSTEE-THRU 12/9/2023 Trustee or director | 2 | $0 | $0 |
| BRADY ALLISON W | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAREY WILLIAM POLK II | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DINAN JAMES G | TRUSTEE-CHAIR BUDGET & FINANCE Trustee or director, Officer | 3 | $0 | $0 |
| DUCKWORTH CONNIE KADROVACH | TRUSTEE-THRU 12/31/2023 Trustee or director | 2 | $0 | $0 |
| DURAN ALBERTO IVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERTEL DAVID | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FRANKLIN CHRISTOPHER H | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GUREGHIAN VAHAN H ESQ | TRUSTEE-THRU 10/14/2023 Trustee or director | 2 | $0 | $0 |
| HAIDAS ALEX | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOLMAN WENDY COMMINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HONGCHOY GEORGE KWOK LUNG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOWELL LLOYD W JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JERATH LYNN J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHNSON KEVIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KARP ATHENA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KHADJENOURI MASSI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTIN PATRICIA MD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MCMORRIS MARC F | TRUSTEE-CHAIR INVESTMENTS Trustee or director, Officer | 3 | $0 | $0 |
| MITCHELL MARSHALL PH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEMIROVSKY OFER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| O'HERN LYONS CATHERINE M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAI DHANANJAY M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PEISACH CHERYL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PENN KEVIN S | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PERRY RICHARD C | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PLATT JULIE BEREN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PRICE MICHAEL J | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RACHLEFF ANDREW S | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAGHAVENDRAN RAMANAN | TRUSTEE-CHAIR TRUSTEE BOARD Trustee or director, Officer | 6.5 | $0 | $0 |
| SCHLEIN THEODORE E | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCHNITZER ALAN DAVID | TRUSTEE-CHR AUDIT & COMPLIANCE Trustee or director, Officer | 3 | $0 | $0 |
| SCHWARTZ BRIAN D | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCHWARTZ JODI J ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SEAMAN JULIE BREIER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHOEMAKER JOHN P | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SNIDER STACEY G | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STAVIS ROBERT M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STONE HARLAN M | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VAGUE RICHARD W | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WEISS JILL TOPKIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHAPIRO JOSH HON | EX-OFFICIO TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCALES MICHAEL | VP BUSINESS SERV-AS OF 6/1/24 Officer | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 104 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMMON PETER | CHIEF INVESTMENT OFFICER Key employee | 55 | $5,646,194 | $2,754,115 |
| JAMESON LARRY | EXEC. VP UPHS & DEAN OF PSOM Officer | 55 | $5,076,457 | $1,239,974 |
| MAHONEY KEVIN | CEO, UPHS Key employee | 42 | $2,872,713 | $524,230 |
| CARNAROLI CRAIG | EXECUTIVE VP Officer | 54 | $2,388,093 | $417,478 |
| YOSHOR DANIEL MD | NEUROSURGERY Highest-paid employee | 55 | $2,626,305 | $64,240 |
| TAYLOR JESSE MD | CHOP - PLASTIC SURGERY Highest-paid employee | 55 | $2,518,591 | $53,108 |
| STORM PHILLIP B MD | CHOP - NEUROSURGERY Highest-paid employee | 55 | $2,349,736 | $52,656 |
| ADZICK N SCOTT MD | CHOP - SURGERY Highest-paid employee | 55 | $2,291,952 | $47,324 |
| MARCOTTE PAUL MD | NEUROSURGERY Highest-paid employee | 55 | $2,207,735 | $42,072 |
| KASPER KEITH | CFO, UPHS Key employee | 41 | $1,716,989 | $24,644 |
| DRISCOLL DEBORAH A MD | SVP CPUP, VICE DEAN PSOM Key employee | 53 | $1,454,341 | $213,451 |
| ROST GREGORY | FORMER SVP & CHIEF OF STAFF Former | 0 | $1,568,390 | $75,947 |
| ZELLER JOHN | SVP DEVELOPMENT-THRU 8/2/22 Officer | 55 | $1,536,725 | $45,991 |
| EPSTEIN JON | VICE DEAN, PSOM Key employee | 55 | $1,505,489 | $47,615 |
| CUNNINGHAM REGINA | CEO HUP Key employee | 54 | $1,357,964 | $171,577 |
| OKALA PHIL | COO UPHS-THRU 08/22 Key employee | 52 | $1,201,151 | $229,198 |
| WHITE WENDY | SVP & GENERAL COUNSEL Officer | 54 | $1,300,311 | $52,030 |
| VOLPE MICHELE | COO UPHS-AS OF 9/6/22 Key employee | 50 | $1,067,399 | $101,405 |
| JOHNSTON ELIZABETH B | FORMER EXEC. DIRECTOR CPUP Former | 0 | $1,057,123 | $21,073 |
| PRITCHETT WENDELL | FMR PROVOST; EX-OFF TRUSTEE Former | 3 | $966,462 | $81,992 |
| MAGILL M ELIZABETH | PRESIDENT, TRUSTEE Trustee or director, Officer | 55 | $869,750 | $146,227 |
| GUTMANN DR AMY | FORMER PRESIDENT Former | 0 | $915,964 | $25,566 |
| NARVEKAR MEDHA | VP & SECRETARY Officer | 55 | $827,681 | $72,476 |
| MURPHY THOMAS | SVP ISC & CIO Officer | 55 | $762,818 | $110,597 |
| PAPAGEORGE ANNE | SR VP FACILITIES & REAL ESTATE Officer | 53 | $758,705 | $67,699 |
| HEUER JACK | SVP FOR HUMAN RESOURCES Officer | 55 | $670,003 | $66,165 |
| MITCHELL JOANN | SVP FOR INSTITUTIONAL AFFAIRS Officer | 55 | $690,269 | $45,166 |
| JACKSON JOHN | PROVOST-AS OF 6/1/23 Officer | 55 | $675,958 | $57,845 |
| MASOTTI CHRISTOPHER | VICE DEAN, ADMINISTRATION PSOM Key employee | 55 | $589,710 | $83,327 |
| QUINN PETER | FORMER SR VP, VICE DEAN, PS Former | 54 | $620,476 | $47,470 |
| MACCARTHY STEPHEN J | VP COMMUNICATIONS Officer | 55 | $602,836 | $53,943 |
| LEWIS TREVOR | VP BUDGET & MGMT ANALYSIS Officer | 55 | $542,182 | $91,468 |
| COOPER JEFFREY | VP GOV'T & COMMUNITY RELATIONS Officer | 55 | $559,669 | $54,500 |
| SESTITO JOHN | VP & EXECUTIVE DIRECTOR CPUP Key employee | 55 | $539,769 | $72,835 |
| WITT MARIE | VP FOR BUSINESS SERVICES Officer | 55 | $536,016 | $56,919 |
| LOPEZ STACEY | VP INSTITUTIONAL RESEARCH Officer | 55 | $484,661 | $51,076 |
| PELLICANO GREGORY | VP AUDIT, COMPLIANCE & PRIV'Y Officer | 54 | $432,619 | $88,334 |
| DILEO RUSSELL | COMPTROLLER Officer | 55 | $402,953 | $88,986 |
| DINGFIELD MARK | VP FIN & TREAS-AS OF 10/17/22 Officer | 54 | $416,058 | $43,005 |
| MCCOURT MARYFRANCES | FORMER SVP FINANCE & TREASURER Former | 0 | $382,774 | $48,745 |
| HOWARD CHARLES | VP SOC EQ & COMM, UNIV. CHAPLN Officer | 55 | $319,774 | $72,922 |
| RUSH MAUREEN | FORMER VP PUBLIC SAFETY Former | 54 | $269,489 | $38,997 |
| CITRO MICHAEL | VP & CHIEF OF STAFF Officer | 54 | $267,247 | $30,924 |
| ANDERSON KATHLEEN | VP FOR PUBLIC SAFETY Officer | 54 | $247,628 | $47,424 |
| HUSSON JAMES | VP DEVELOPMENT-AS OF 10/17/22 Officer | 55 | $262,192 | $10,814 |
| LAU JOAN DR | TRUSTEE; ADJ. PROFESSOR Trustee or director | 3 | $30,600 | $0 |
| IMASOGIE OSAGIE O ESQ | TRUSTEE Trustee or director | 3 | $5,000 | $0 |
| AHMAD HYDER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ALBER LAURA J | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BANDEEN BONNIE MIAO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BARRETT MICHAEL L | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BARTH BRETT H | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BERNSTEIN ADAM K | TRUSTEE-THRU 12/31/22 Trustee or director | 3 | $0 | $0 |
| BLITZER DAVID S | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BOK SCOTT L | CHAIRPERSON, TRUSTEE Trustee or director, Officer | 3 | $0 | $0 |
| CAREY WILLIAM POLK II | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DINAN JAMES G | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DUCKWORTH CONNIE K | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DURAN ALBERTO IVAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ERTEL DAVID | TRUSTEE Trustee or director | 3 | $0 | $0 |
| FRANKLIN CHRISTOPHER H | TRUSTEE Trustee or director | 3 | $0 | $0 |
| GERBER MICHAEL F | TRUSTEE-THRU 5/16/23 Trustee or director | 3 | $0 | $0 |
| GOLKIN PERRY ESQ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| GUREGHIAN VAHAN H ESQ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| HAIDAS ALEX | TRUSTEE Trustee or director | 3 | $0 | $0 |
| HOLMAN WENDY COMMINS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| HOWELL LLOYD W JR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JERATH LYNN J | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KHADJENOURI MASSI | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LACHS SUSANNA E ESQ | TRUSTEE-THRU 10/20/22 Trustee or director | 3 | $0 | $0 |
| LAUDER WILLIAM P | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KWOK LUNG HONGCHOY GEORGE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MARTIN PATRICIA MD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MCMORRIS MARC F | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MITCHELL MARSHALL PH | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MOELIS KENNETH D | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NEMIROVSKY OFER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| O'HERN LYONS CATHERINE M | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAI DHANANJAY M | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PEISACH CHERYL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PENN KEVIN S | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PERRY RICHARD C | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PINOLA KRISTA M | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PLATT JULIE BEREN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PRICE MICHAEL J | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RACHLEFF ANDREW S | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RAGHAVENDRAN RAMANAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ROWAN MARC J | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SCHLEIN THEODORE E | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SCHNITZER ALAN DAVID | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SCHWARTZ BRIAN D | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SEAMAN JULIE BREIER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SHAPIRO JOSH HON | EX-OFFICIO TRUSTEE-AS OF 1/23 Trustee or director | 3 | $0 | $0 |
| SHOEMAKER JOHN P | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SNIDER STACEY G | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STAVIS ROBERT M | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STONE HARLAN M | TRUSTEE Trustee or director | 3 | $0 | $0 |
| VAGUE RICHARD W | TRUSTEE Trustee or director | 3 | $0 | $0 |
| WEISS JILL TOPKIS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| WERNER MARK B | TRUSTEE-THRU 12/31/22 Trustee or director | 3 | $0 | $0 |
| WOLF THOMAS HON | EX-OFFICIO TRUSTEE-THRU 1/23 Trustee or director | 3 | $0 | $0 |
| HAAS JANET MD | TRUSTEE EMERITUS-AS OF 10/22 Trustee or director | 3 | $0 | $0 |
| HEYER ANDREW R | TRUSTEE EMERITUS-AS OF 6/23 Trustee or director | 3 | $0 | $0 |
| REESE ANN | TRUSTEE EMERITUS-AS OF 3/23 Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3451 WALNUT ST, PHILADELPHIA, PA 19104-6205
- In care of
- % MEDHA NARVEKAR SECRETARY
- Mailing address (990-N for 2012)
- 3900 Walnut St, Philadelphia PA 19104
- Principal officer (990 for 2024)
- DR J LARRY JAMESON, 3451 WALNUT STREET, PHILADLEPHIA, PA 19104
- Principal officer (990-N for 2012)
- Nkenge Blue, 3900 Walnut St, Philadelphia PA 19104
- Signed the 990
- MARK DINGFIELD, EXECUTIVE ASSOCIATE COMPTROLLER
- Phone
- (215) 898-8967
- Website
- http://upennakpsi.org/
- Return prepared by
- PwC US Tax LLP
Mission
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM.
Program accomplishments
- EDUCATION, RESEARCH AND PUBLIC CHARITY- SEE SCHEDULE O FOR ADDITIONAL INFORMATIONExpenses $4,760,797,187 · grants $672,719,337 · revenue $3,507,863,237
- PATIENT CARE- SEE SCHEDULE O FOR ADDITIONAL INFORMATIONExpenses $5,138,960,683 · grants $3,583,964 · revenue $4,692,096,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1352685
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1940
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $36,736,678,000
- Income (IRS master file)
- $21,454,598,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,670,540,000 | $11,009,921,000 | $36,736,678,000 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $10,747,066,000 | $9,999,922,000 | $34,038,997,000 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $9,925,251,000 | $9,264,364,000 | $32,928,091,000 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $11,078,595,000 | $8,255,789,000 | $32,016,287,000 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Nkenge Blue | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1352685).
Questions about TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
- What is the EIN of TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA?
- The employer identification number (EIN) of TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA is 23-1352685.
- Is TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1940.
- Are donations to TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA?
- The 990 for the year ended June 30, 2025 names DR J LARRY JAMESON.
- Who are the officers and directors of TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA?
- The 990 for the year ended June 30, 2025 lists 96 people; 49 received compensation from the organization, the highest $5,459,518 (JAMESON J LARRY DR, TRUSTEE & PRES.- AS OF 3/13/25).
- How much revenue does TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,670,540,000, expenses of $11,009,921,000 and total assets of $36,736,678,000 at year end.
Other nonprofits in PHILADELPHIA
- TEMPLE UNIVERSITY-OF THE COMMONWEALTH SYSTEM OF HIGHER EDUC EIN 23-1365971 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY EIN 23-1352651 · last filed 990 for 2025
- DREXEL UNIVERSITY EIN 23-1352630 · last filed 990 for 2025
- JEFFERSON UNIVERSITY PHYSICIANS EIN 23-2809585 · last filed 990 for 2025
- SAINT JOSEPHS UNIVERSITY EIN 23-1352674 · last filed 990 for 2025
- TEMPLE UNIVERSITY HEALTH SYSTEM INC EIN 23-2825881 · last filed 990 for 2025
- PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE EIN 23-1355135 · last filed 990 for 2025
- PHILADELPHIA UNIVERSITY EIN 23-1352294 · last filed 990 for 2025