Shippensburg University Foundation
Shippensburg University Foundation reported $24.0 million in revenue and $10.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.70 went to program services, $20.38 to management and general costs and $5.92 to fundraising. Its largest source of revenue was investment income: 53.1% of the total. The highest compensation it reported for one person was $355,501 (Secretary, President & CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 96% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 25.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 19.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $355,501 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.40% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 113.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Shippensburg University Foundation provides scholarships, awards, low-interest loans, and emergency assistance to over 900 students at Shippensburg University. Without the scholarships & other assistance provided by the SU Foundation, some students could not experience the opportunities and benefits of the quality education for which Shippensburg University is well-known
The Shippensburg University Foundation provides safe, quality and affordable off-campus housing to over 300 students. The SU Foundation's student housing properties are in close proximity to the University. These properties are well maintained and provide 24/7 maintenance, hard-wired fire alarms and sprinkler systems for the safety of the students. The Shippensburg University Foundation also leases various properties to Shippensburg University for use in the regular operation of the University
The Shippensburg University Foundation provides support for various academic & cultural programs, joint undergraduate student & faculty research, state of the art scientific equipment & technology, student & faculty conference attendance, professional development, other student services, and alumni programs at Shippensburg University
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Secretary, President & CEO Officer, key employee, highest compensated employee, 40 hrs/week | $315,725 | $0 | $39,776 | $355,501 |
| CFO Key employee, highest compensated employee, 40 hrs/week | $184,530 | $0 | $30,707 | $215,237 |
| Director of Marketing Highest compensated employee, 40 hrs/week | $110,005 | $0 | $27,371 | $137,376 |
| Controller Highest compensated employee, 40 hrs/week | $109,978 | $0 | $23,031 | $133,009 |
4 people received more than $100,000 in reportable compensation from Shippensburg University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $508K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5121
- Volunteers Part I, line 6315
Private foundation grants it received
19 private foundations reported grants to Shippensburg University Foundation totaling $301K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Shippensburg University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Shippensburg University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Shippensburg University Foundation spent in FY2025, $73.70 went to programs. The full breakdown, from its IRS Form 990:
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- Leaders in Our Neighborhood Charter SchoolBronx, NY · revenue $24M · programs 81.7% · FY2025
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- Reisher Family FoundationWheat Ridge, CO · revenue $24M · programs 98.1% · 2025
- Louisiana Tech University FoundationRuston, LA · revenue $24M · programs 81.6% · FY2025
Questions people ask
How much of Shippensburg University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Shippensburg University Foundation reported that 73.7% of its $10.4 million in expenses went to program services, 20.4% to management and general and 5.9% to fundraising (Form 990, Part IX).
How much does Shippensburg University Foundation pay its top executive?
The largest total compensation Shippensburg University Foundation reported for one person in the fiscal year ending June 30, 2025 was $355,501, for the role of Secretary, President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Shippensburg University Foundation get its money?
Of $24.0 million in revenue in the fiscal year ending June 30, 2025, 25.8% came from contributions and grants (including 0.6% from government grants) and 19.9% from program service revenue (Form 990, Part VIII).
Is Shippensburg University Foundation a registered charity?
The IRS lists EIN 23-2046093 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611259349301921 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349302645 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349308500 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349306132 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241259349300019 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121029349301047 · read the filing
All filings for EIN 23-2046093: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.