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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education The Penn State Research Foundation

The Penn State Research Foundation

Fiscal year ending 2022. Filed on October 17, 2023.

308 Old Main
University Park, Pennsylvania 16802

The Penn State Research Foundation (EIN: 25-1359185) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2022 IRS Form 990 filing, The Penn State Research Foundation, a 501(c)(3) charitable organization, reported compensation for 7 employees. Among the employees shown here, the average compensation is $713,637. The highest compensated employee at The Penn State Research Foundation is Eric Barron with fiscal year 2022 compensation of $2,037,748.

Revenue, expenses, and employee compensation

Revenue

$5,169,616

Expenses

$4,810,955

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Eric Barron
Former Director
$2,037,748
$0 $1,992,993 $44,755
Neelima Bendapudi
Director
$1,281,582
$0 $1,239,729 $41,853
Lora Weiss
President
$550,768
$0 $494,580 $56,188
Joseph Doncsecz
Former Treasurer
$373,563
$0 $336,821 $36,742
Virginia A Teachey
Treasurer
$340,356
$0 $294,683 $45,673
James Delattre
Secretary
$246,268
$0 $225,862 $20,406
Timothy Hurley
Former Vice President
$165,174
$0 $133,248 $31,926

Benchmark Employee Compensation

Non-Employee Board Members

Bin Yan
Vice President
$102,902
$0 $88,527 $14,375
C Daniel Azzara
Director
No compensation reported
Todd Erdley
Director
No compensation reported
Andrew Stephenson
Director
No compensation reported
Bruce Booth
Director
No compensation reported
Patricia Loftus
Director
No compensation reported
Selda Gunsel
Director
No compensation reported
Bruce Shook
Director
No compensation reported
Raymond Hohl
Former Director
No compensation reported
Kathleen Shay
Director
No compensation reported
Edward Frymoyer
Director
No compensation reported
Kathleen Rousche
Director
No compensation reported

Contractors

The Pennsylvania State University
Intellectual Prop
$1,586,081

Mission Statement

The Penn State Research Foundations mission is to foster and advance scientific research which includes creating, purchasing, holding and licensing of rights for inventions, designs and intellectual property of The Pennsylvania State University.

Revisions to this organization profile

October 16, 2025:
2024 The Penn State Research Foundation 990 filed
November 7, 2024:
2023 The Penn State Research Foundation 990 filed
October 17, 2023:
2022 The Penn State Research Foundation 990 filed

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