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THE PENNSYLVANIA STATE SYSTEM OF HIGHER EDUCATION FOUNDATION (FOUNDATION) IS A NON-PROFIT CORPORATION ESTABLISHED TO SUPPORT THE EDUCATIONAL MISSION AND ACTIVITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION (STATE SYSTEM) BY GENERATING PRIVATE SECTOR FINANCIAL SUPPORT AND ENGAGING IN OTHER ACTIVITIES TO ADVANCE THE STATE SYSTEM.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.4M
Program Spending
89%
of total expenses go to program services
Total Contributions
$3.3M
Total Expenses
▼$3.3M
Total Assets
$11.3M
Total Liabilities
▼$3M
Net Assets
$8.3M
Officer Compensation
→$196.9K
Other Salaries
$198.9K
Investment Income
-$133.5K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $155K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
CHEYNEY UNIVERSITY23-2478688 | CHEYNEY, PA | $35K | Cash | WBL GRANT |
COMMONWEALTH UNIVERSITY23-2738930 | BLOOMSBURG, PA | $30K | Cash | WBL GRANT |
EAST STROUODSBURG23-2504462 | EAST STROUDSBURG, PA | $30K | Cash | WBL GRANT |
SHIPPENSBURG UNIVERSITY54-2101819 | SHIPPENSBURG, PA | $30K | Cash | WBL GRANT |
SLIPPERY ROCK UNIVERSITY25-1513539 | SLIPPERY ROCK, PA | $30K | Cash | WBL GRANT |
| Total | $155K | |||
CHEYNEY, PA
$35K
BLOOMSBURG, PA
$30K
EAST STROUDSBURG, PA
$30K
SHIPPENSBURG, PA
$30K
SLIPPERY ROCK, PA
$30K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
1
Material Weakness
Yes
Noncompliance Issues
Yes
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.1M | No | 2025-12-19 |
| 2024 | Material Weakness | Unmodified (Clean) | $970.5K | No | 2024-10-03 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$970.5K
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $3.4M | $3.3M | $3.3M | $11.3M | $8.3M |
| 2023IRS e-File | $3.6M | $2.9M | $2.6M | $11.3M | $7.6M |
| 2022 | $1.6M | $1.3M | $1.4M | $4.6M | $4.6M |
| 2021 | $1.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Shelley Scherer | President & CEO | 40 | $177.8K | $0 | $25.4K | $203.1K |
| Susanne Walker | Finance Manager | 40 | $68.9K | $0 | $20.6K | $89.5K |
| Gail M D'Angelo | Treasurer | 5 | $0 | $0 | $0 | $0 |
| Crystal Skotedis | Assistant Treasurer | 5 | $0 | $0 | $0 | $0 |
| David S Kerr | Chair | 5 | $0 | $0 | $0 | $0 |
| Matthew J Steck | Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Ashley Cook | Secretary | 5 | $0 | $0 | $0 | $0 |
Shelley Scherer
President & CEO
$203.1K
Hrs/Wk
40
Compensation
$177.8K
Related Orgs
$0
Other
$25.4K
Susanne Walker
Finance Manager
$89.5K
Hrs/Wk
40
Compensation
$68.9K
Related Orgs
$0
Other
$20.6K
Gail M D'Angelo
Treasurer
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Crystal Skotedis
Assistant Treasurer
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
David S Kerr
Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Matthew J Steck
Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Ashley Cook
Secretary
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andrea Jones | Director | 1 | $0 | $0 | $0 | $0 |
| Andrew Helmer | Director | 1 | $0 | $0 | $0 | $0 |
| Blake Lynch | Director | 1 | $0 | $0 | $0 | $0 |
| David N Taylor | Director | 1 | $0 | $0 | $0 | $0 |
| David Parez- Brantley | Director | 1 | $0 | $0 | $0 | $0 |
| Donna Frisby- Greenwood | Director |
Andrea Jones
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Andrew Helmer
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Blake Lynch
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $908.8K |
| $1.2M |
| $4.4M |
| $4.4M |
| 2020 | $1.6M | $1.4M | $1.1M | $4.3M | $4.3M |
| 2019 | $1.2M | $1.1M | $1.3M | $3.8M | $3.8M |
| 2018 | $1M | $866.7K | $791.9K | $3.9M | $3.9M |
| 2017 | $1.1M | $917.1K | $922.9K | $3.7M | $3.7M |
| 2016 | $896.9K | $814.3K | $535.3K | $3.5M | $3.5M |
| 2015 | $1M | $674.5K | $712.5K | $3.1M | $3.1M |
| 2014 | $956.7K | $544.7K | $590.5K | $2.8M | $2.8M |
| 2013 | $839.6K | $670.3K | $639.7K | $2.4M | $2.4M |
| 2012 | $493.4K | $358.1K | $530K | $2.2M | $2.2M |
| 2011 | $505.5K | $485.6K | $655K | $2.2M | $2.2M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jinaki Z Bright | Director | 1 | $0 | $0 | $0 | $0 |
| Joseph Haddock | Director | 1 | $0 | $0 | $0 | $0 |
| Linda Topoleski | Director | 1 | $0 | $0 | $0 | $0 |
| Wyatt Troxell | Director | 1 | $0 | $0 | $0 | $0 |
David N Taylor
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Parez- Brantley
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Donna Frisby- Greenwood
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jinaki Z Bright
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Haddock
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Linda Topoleski
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Wyatt Troxell
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0