CARLISLE, PA
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Sign In — Free (10 views/day)PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION FOUNDATION, founded in 1985, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $917K, a strong 26% operating margin.
TO SUPPORT THE EDUCATIONAL MISSION AND ACTIVITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION BY GENERATING PRIVATE SECTOR SUPPORT AND ENGAGING IN OTHER ACTIVITIES TO ADVANCE THE SYSTEM.
THE PASSHE FOUNDATION SERVES AS THE FUNDRAISING ARM OF THE STATE SYSTEM OFFICE OF THE CHANCELLOR AND LEADS CONSORTIA FUNDRAISING EFFORTS ON BEHALF OF MULTI-UNIVERSITY PROJECTS AND INITIATIVES. THE...
THE PASSHE FOUNDATION SERVES AS THE FUNDRAISING ARM OF THE STATE SYSTEM OFFICE OF THE CHANCELLOR AND LEADS CONSORTIA FUNDRAISING EFFORTS ON BEHALF OF MULTI-UNIVERSITY PROJECTS AND INITIATIVES. THE FOUNDATION'S MISSION IS TO SUPPORT STUDENT SUCCESS AND UNIVERSITY EXCELLENCE. IN SUPPORT OF STUDENT SUCCESS, THE FOUNDATION SECURES FUNDS FOR AND MANAGES PROGRAMS AWARDING SCHOLARSHIPS THAT ARE NEED-BASED, INDUSTRY-FOCUSED, AND ACADEMICALLY COMPETITIVE TO STUDENTS ATTENDING THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. DURING THE 2023-24 FISCAL YEAR, THE FOUNDATION AWARDED 994 SCHOLARSHIPS TOTALING 1,461,100. THESE SCHOLARSHIPS IMPROVE ACCESS TO AND AFFORDABILITY OF HIGHER EDUCATION, ENSURING STUDENTS PERSIST THROUGH TO GRADUATION AND ATTAIN A DEGREE. ONE-THIRD OF THE STATE SYSTEM'S STUDENTS COME FROM LOW-INCOME HOUSEHOLDS. A SIMILAR PERCENTAGE ARE THE FIRST GENERATION IN THEIR FAMILIES TO GO TO COLLEGE. THE FOUNDATION'S SCHOLARSHIP PROGRAM NOT ONLY REDUCES THE COST BURDEN OF A POST-SECONDARY EDUCATION BUT ALSO REDUCES THEIR STUDENT LOAN DEBT. STATE SYSTEM STUDENTS FUEL PA'S ECONOMIC VITALITY. TEN YEARS AFTER GRADUATION, 75% OF LOW-INCOME STUDENTS HAVE MOVED TO MIDDLE-CLASS AND THUS ACHIEVED ECONOMIC MOBILITY AND 63% REMAIN WORKING IN PA.
IN SUPPORT OF UNIVERSITY EXCELLENCE, THE FOUNDATION IDENTIFIES AND ACQUIRES RESOURCES TO SUPPORT SYSTEM-WIDE INITIATIVES AND MULTI-CAMPUS INITIATIVES. THE PASSHE FOUNDATION WORKED CLOSELY WITH STATE...
IN SUPPORT OF UNIVERSITY EXCELLENCE, THE FOUNDATION IDENTIFIES AND ACQUIRES RESOURCES TO SUPPORT SYSTEM-WIDE INITIATIVES AND MULTI-CAMPUS INITIATIVES. THE PASSHE FOUNDATION WORKED CLOSELY WITH STATE SYSTEM LEADERSHIP TO SECURE FUNDS TO KICK-START AN INITIATIVE TO EMBED REAL WORLD WORK EXPERIENCE INTO THE ACADEMIC CURRICULUM THROUGH A MULTI-UNIVERSITY PILOT PROGRAM WHICH WILL BE LAUNCHED THROUGHOUT THE STATE SYSTEM'S 10 UNIVERSITIES AND 14 CAMPUSES IN THE 2027-28 ACADEMIC YEAR. DURING THE 2023-24 YEAR, THE FOUNDATION SECURED SPONSORSHIPS TO PROMOTE 1)ENTREPRENEURSHIP VIA THE STATE SYSTEM'S STUDENT BUSINESS START-UP CHALLENGE AND 2)DIVERSITY, INCLUSION, AND EQUITY VIA THE STATE SYSTEM'S DEI SUMMIT. IN ADDITION, THE FOUNDATION DISBURSED FUNDS TO PREVENT DRUG AND ALCOHOL ABUSE VIA A PCCD GRANT, WORKFORCE DEVELOPMENT FOR ADULT LEARNERS IN MULTIPLE INDUSTRIES, AND WASHINGTON CENTER INTERNSHIPS FOR STUDENTS PURSUING CAREERS IN PUBLIC SERVICE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,560,509 | $2,493,469 | +0.4% |
| Expenses | $2,643,401 | $1,798,477 | +0.5% |
| Net Income | $917,108 | $694,992 | +0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KERR DAVID S | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| STECK MATTHEW J | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| COOK ASHLEY | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| D'ANGELO GAIL M | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SKOTEDIS CRYSTAL | ASSISTANT TR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEXANDER MARIAN C | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PEREZ-BRANTLEY DAVID | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIGHT JINAKI Z | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRISBY-GREENWOOD DONNA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HADDOCK JOSEPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HELMER ANDREW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JONES ANDREA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LYNCH BLAKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MILLER LYNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR DAVID N | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOPOLESKI LINDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TROXELL WYATT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VARANO MICHAEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCHERER SHELLEY | PRESIDENT & | 40.00 |
Officer
|
$95,192 | $18,252 | $113,444 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,560,509 | $2,643,401 | $11,316,664 | $917,108 |
| 2023 | $2,493,469 | $1,798,477 | $10,933,847 | $694,992 |
| 2022 | $1,622,868 | $1,368,716 | $4,629,518 | $254,152 |
| 2021 | $1,270,660 | $1,151,699 | $4,375,366 | $118,961 |
| 2020 | $1,555,274 | $1,107,463 | $4,256,405 | $447,811 |
| 2019 | $1,244,412 | $1,314,364 | $3,808,594 | $-69,952 |
Compare PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION FOUNDATION with other nonprofits in Pennsylvania and across the country.