YOUNGSTOWN STATE UNIVERSITY FOUNDATION

EIN: 346576610 501(c)(3) Education

YOUNGSTOWN, OH

Total Revenue
$34,395,011
Total Expenses
$20,011,624
Total Assets
$359,433,129
Net Assets
$346,826,788
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
OH
Principal Officer
PAUL MCFADDEN
Phone
3309413211
Tax Period
2023-07-01 to 2024-06-30

YOUNGSTOWN STATE UNIVERSITY FOUNDATION, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $34.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $14.4M, a strong 42% operating margin.

Mission

THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $17,467,998

THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES.THE YOUNGSTOWN STATE...

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THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES.THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS A CATALYTIC FORCE FOR THE ADVANCEMENT OF YSU, THE YOUNGSTOWN COMMUNITY, AND NORTHEAST OHIO. YSUF IS A CRITICAL SOURCE OF SUPPORT, OPPORTUNITY, AND EXCELLENCE FOR YSU STUDENTS AND UNIVERSITY PROGRAMS.THE COMPETITION FOR STUDENTS IN HIGHER EDUCATION HAS NEVER BEEN GREATER. THE YSU FOUNDATION, PROVIDING OVER $16.6 MILLION IN ANNUAL SCHOLARSHIP AID, HAS HISTORICALLY DESIGNED SCHOLARSHIP AWARDS TO PROVIDE ACCESS TO ATTEND YSU. ONE OF THE YSU FOUNDATION'S IMPORTANT INITIATIVES IS THE STUDENT INVESTMENT FUND. FOR THE PAST DECADE, THE YSU FOUNDATION HAS MATCHED ALL GIFTS TO MINORITY SCHOLARSHIPS. THIS HAS ATTRACTED OVER $2,269,267 IN GIFTS, HELPING YSU INCREASE THE DIVERSITY OF ITS STUDENT BODY. THE FOUNDATION ALSO PROVIDES GRANTS TO YOUNGSTOWN STATE UNIVERSITY FOR THE PURPOSE OF LECTURES AND SYMPOSIUMS AND FOR THE OPERATIONS OF VARIOUS DEPARTMENTS AND CENTERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,571,407
Program Service Revenue $0
Investment Income $21,823,604
Other Revenue $0
TOTAL REVENUE $34,395,011

Expense Breakdown

Grants Paid $16,640,840
Salaries & Benefits $1,723,162
Fundraising Expenses $769,521
Program Expenses $17,467,998
Other Expenses $1,647,622
TOTAL EXPENSES $20,011,624

Year-over-Year Comparison

2023 2022 Change
Revenue $34,395,011 $28,980,786 +0.2%
Expenses $20,011,624 $19,528,304 +0.0%
Net Income $14,383,387 $9,452,482 +0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
42
Independent Members
42
Employees
28
Volunteers
42

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$295,736
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED MURANSKY CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
FRANK HIERRO IMMEDIATE PAST CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
NADER ATWAY VICE CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
THEODORE SCHMIDT TREASURER/TRUSTEE 1.00
Officer Director
$0 $0 $0
JOHN MOLITERNO ASSISTANT TREASURER/TRUSTEE 1.00
Officer Director
$0 $0 $0
JUDE NOHRA SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
BENJAMIN KECK ASSISTANT SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
PETER J ASIMAKOPOULOS TRUSTEE 1.00
Director
$0 $0 $0
NANCY BEEGHLY TRUSTEE 1.00
Director
$0 $0 $0
GERMAINE BENNETT TRUSTEE 1.00
Director
$0 $0 $0
A GARY BITONTE TRUSTEE 1.00
Director
$0 $0 $0
ALEXA SWEENEY BLACKANN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD BLASE TRUSTEE 1.00
Director
$0 $0 $0
LEE BURDMAN TRUSTEE 1.00
Director
$0 $0 $0
MARTHA BUSHEY TRUSTEE 1.00
Director
$0 $0 $0
CAPRI CAFARO TRUSTEE 1.00
Director
$0 $0 $0
NIKKI CARTER TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J CAVALIER TRUSTEE 1.00
Director
$0 $0 $0
DOMENIC L CONSTANTINI TRUSTEE 1.00
Director
$0 $0 $0
ALAN W COPE TRUSTEE 1.00
Director
$0 $0 $0
ALFRED J FLEMING TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J FLEMING TRUSTEE 1.00
Director
$0 $0 $0
JOHN F GELETKA TRUSTEE 1.00
Director
$0 $0 $0
JAMES GELLER TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN J GURGOVITS TRUSTEE 1.00
Director
$0 $0 $0
KEVIN HELMICK TRUSTEE 1.00
Director
$0 $0 $0
CHANDRER KOHLI TRUSTEE 1.00
Director
$0 $0 $0
JOCELYNE KOLLAY LINSALATA TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
GARRY L MROZEK TRUSTEE 1.00
Director
$0 $0 $0
ELBA NAVARRO TRUSTEE 1.00
Director
$0 $0 $0
CARL A NUNZIATO TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN PADGITT TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY PAYIAVLAS TRUSTEE 1.00
Director
$0 $0 $0
JOHN L POGUE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM POOLE TRUSTEE 1.00
Director
$0 $0 $0
RICHARD J SCHIRALDI TRUSTEE 1.00
Director
$0 $0 $0
SCOTT SCHULICK TRUSTEE 1.00
Director
$0 $0 $0
JAMES H SISEK TRUSTEE 1.00
Director
$0 $0 $0
MARTIN SOLOMON TRUSTEE 1.00
Director
$0 $0 $0
DOUG SWEENEY TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
RAJIV TANEJA TRUSTEE 1.00
Director
$0 $0 $0
RICHARD B THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
STUART WISE TRUSTEE 1.00
Director
$0 $0 $0
PAUL MCFADDEN PRESIDENT 40.00
Officer
$272,625 $23,111 $295,736
HEATHER CHUNN VICE PRESIDENT 40.00
Highest
$146,655 $22,290 $168,945
LEONARD MORRIS CONTROLLER 40.00
Highest
$114,743 $5,328 $120,071
BRIAN NORD SENIOR DEVELOPMENT OFFICER 40.00
Highest
$132,982 $14,427 $147,409
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $34,395,011 $20,011,624 $359,433,129 $14,383,387
2023 $28,980,786 $19,528,304 $333,927,994 $9,452,482
2022 $38,933,738 $19,673,164 $318,269,128 $19,260,574
2021 $37,805,316 $15,989,510 $337,056,752 $21,815,806
2020 $16,623,185 $17,508,158 $267,216,518 $-884,973
2019 $23,616,305 $16,990,940 $273,418,919 $6,625,365
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