2024-04-19T12:42:58-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 271763901 PRAGER UNIVERSITY FOUNDATION PRAG 7472512005 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 MARISSA STREIT CEO 7472512005 2024-04-19 1 MARISSA STREIT 999009999 1 FRANK SMITH P00639053 2022274000 2024-04-19 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARISSA STREIT 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 69625585 0 X WWW.PRAGERU.COM X 2010 VA WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA. 8 8 165 19203 358575 0 65180092 66561915 5000 0 719111 2277757 -404646 -160834 65499557 68678838 10000 0 0 0 12790676 17878904 107991 876907 10711094 32546410 36668127 45455077 55423938 20044480 13254900 86724321 102023234 9329527 8960155 77394794 93063079 PRAGER UNIVERSITY FOUNDATION ("PRAGERU") IS THE WORLD'S LEADING CONSERVATIVE NONPROFIT THAT IS FOCUSED ON CHANGING MINDS. WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA, AS OUR MISSION. 0 0 40859274 PRAGER UNIVERSITY FOUNDATION ("PRAGERU") IS THE WORLD'S LEADING CONSERVATIVE NONPROFIT THAT IS FOCUSED ON CHANGING MINDS. WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA, AS OUR MISSION. TAKING FULL ADVANTAGE OF TODAY'S TECHNOLOGY AND SOCIAL MEDIA, WE EDUCATE MILLIONS OF AMERICANS AND YOUNG PEOPLE ABOUT THE VALUES THAT MAKE AMERICA GREAT. OUR VISION IS A WORLD COMMITTED TO LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS. OUR PRIMARY PROGRAM IS MARKETING AND PRODUCING EDUCATIONAL CONTENT FOR ALL AGES, 4-104, WITH A FOCUS ON A PRO-AMERICAN, JUDEO-CHRISTIAN MESSAGE. 40859274 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 72 0 1 165 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY ND OR PA RI SC TN UT WV WI X MARISSA STREIT 7472512005 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 BOB HUTT CHAIRMAN AS OF 6/23 1.00 0.00 X X 0 0 0 GREG CASSILETH SECRETARY 1.00 0.00 X X 0 0 0 DENNIS BECK TREASURER 1.00 0.00 X X 0 0 0 STEVE ROBINSON CHAIRMAN UNTIL 6/23 1.00 0.00 X X 0 0 0 DAVID BLUMBERG DIRECTOR 1.00 0.00 X 0 0 0 MIKE COLBY DIRECTOR 1.00 0.00 X 0 0 0 KIM BENGARD DIRECTOR 1.00 0.00 X 0 0 0 TIM WALSH DIRECTOR AS OF 6/23 1.00 0.00 X 0 0 0 MIKE QUINN DIRECTOR AS OF 5/23 1.00 0.00 X 0 0 0 MARISSA STREIT CHIEF EXECUTIVE OFFICER 40.00 0.00 X 907989 0 39316 LAYNE THRASHER CHIEF FINANCIAL OFFICER 40.00 0.00 X 380655 0 28383 CRAIG STRAZZERI CHIEF MARKETING OFFICER 40.00 0.00 X 377472 0 35101 ALLEN ESTRIN EXECUTIVE DIRECTOR 30.00 0.00 X 305000 0 0 DAVID PRAGER CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 385851 0 46545 KEVIN ROYSE CHIEF ADVANCEMENT OFFICER (TO 10/2023) 40.00 0.00 X 203293 0 24451 KELLY MCNAIR VP, DEVELOPMENT 40.00 0.00 X 179505 0 17337 LUCY WERNER VP, DEVELOPMENT 40.00 0.00 X 187000 0 1800 SUSAN EKPUNOBI PERSONALITY (TO 9/2023) 40.00 0.00 X 219693 0 9930 LARA ERMAN CO-HEAD OF PRODUCTION 40.00 0.00 X 184000 0 19383 AMANDA ROSSIE DIRECTOR, DEVELOPMENT OPERATIONS 40.00 0.00 X 177216 0 21658 3507674 0 243904 41 0 1 0 FACEBOOK 901 CHERRY AVE SAN BRUNO CA 94066 ADVERTISING 8723880 GOOGLE 1 HACKER WAY MARIO PARK CA 94025 ADVERTISING 8326786 EKF PROMOTIONS 19528 VENTURA BLVD 232 TARZANA CA 91356 PROMOTIONAL MATERIALS 1341358 HSP DIRECT 20130 LAKEVIEW CENTER PLAZA SUITE ASHBURN VA 20147 FUNDRAISING 863791 FOX NEWS NETWORK 5715 COLLECTION CENTER DR CHICAGO IL 60693 ADVERTISING 841500 29 2033940 64527975 3443387 66561915 2277757 2277757 3159 3159 96600 2033940 922008 -825408 -825408 29055 24739 4316 4316 ADVERTISING 541800 358575 358575 REBATES 900099 298524 298524 657099 68678838 302840 358575 1455508 2734056 1285956 598499 849601 12538601 7927882 1475728 3134991 378149 223861 63716 90572 1241490 766759 218238 256493 986608 606488 137042 243078 56963 28481 14241 14241 52679 26339 13170 13170 876907 876907 1422024 734838 52850 634336 21874477 19878172 1996305 1426797 540330 138449 748018 4026812 3336469 471569 218774 1651515 984816 248110 418589 531798 198832 51637 281329 544043 253 124581 419209 441541 220771 110385 110385 123996 74060 17963 31973 PRODUCTION (PROGRAM) 3967566 3967566 MISCELLANEOUS 532124 57401 101600 373123 DUES AND SUBSCRIPTIONS 15792 15792 55423938 40859274 3853570 10711094 25116918 7579384 1025741 15451357 3792979 5042795 731175 724671 1547291 654456 370469 892835 49961781 68078945 5725258 4253247 86724321 102023234 2886852 3790030 58500 55000 6384175 5115125 9329527 8960155 X 72500230 88212599 4894564 4850480 77394794 93063079 86724321 102023234 13254900 2413385 0 X 0 1 X 1 0 X 22372603 34681451 55881319 65180092 66561915 244677380 22372603 34681451 55881319 65180092 66561915 244677380 5972202 238705178 1542329 822374 363933 726927 2280916 5736479 157440 424265 217064 45183 358575 1202527 298524 298524 251914910 2090003 0.94760 0.93720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11667633 35452313 1866710 48986656 11734621 2000000 -2066988 11667633 11272110 462511 11734621 0.96880 0.02399 0.00721 0 0 1287565 506568 780997 259726 147888 111838 892835 LEASE LIABILITY 5115125 5115125 X 72014231 2413385 922008 3335393 68678838 0 68678838 56345946 922008 922008 55423938 0 55423938 PART V, LINE 4: IN YEARS WHEN THE ENDOWMENT FUND PERFORMANCE EXCEEDS 5% NET RETURNS, THE FOUNDATION MAY WITHDRAW 5%. IN YEARS WHEN THE ENDOWMENT FUND PERFORMANCE DOES NOT EXCEED 5% NET RETURNS, THE FOUNDATION MAY ONLY WITHDRAW THE INVESTMENT APPRECIATION FROM THE PRIOR FISCAL YEAR, IF ANY. THE BOARD HAS THE ABILITY TO ADJUST THE WITHDRAWAL ANNUALLY. THE ENDOWMENT FUND'S INCOME IS UTILIZED FOR GENERAL OPERATIONS. TO DATE, THE FOUNDATION HAS CHOSEN NOT TO WITHDRAW ANY APPRECIATION FROM THE ENDOWMENT. PART X, LINE 2: THE FOUNDATION BELIEVES THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAXES IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED ON PART VIII 922,008. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED ON PART VIII 922,008. X X X X X 1 HSP DIRECT 20130 LAKEVIEW CENTER PLAZA SUITE 3 ASHBURN VA 20147 FUNDRAISING CONSULTING 1 2625112 863791 1761321 THE KAL GROUP 9460 TEGNER RD HILMAR CA 95324 FUNDRAISING CONSULTING 1 434443 13116 421327 3059555 876907 2182648 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI EAST COAST GALA 777230 743730 33500 173148 128142 183168 WEST COAST GALA 1084520 1027645 56875 5502 193220 129199 30988 1 268790 262565 6225 7773 26455 28501 15912 2130540 2033940 96600 13275 392823 285842 230068 922008 -825408 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FOR KAL GROUP, ALL AMOUNTS PAID REPRESENT PAYMENT FOR SERVICES. FOR HSP DIRECT, A PORTION OF THE PAYMENTS IDENTIFIED BELOW ARE REPRESENTATIVE OF REIMBURSEMENTS OF COSTS RELATED TO THE FUNDRAISING ACTIVITIES; $75,224 OF THE TOTAL PAYMENTS ARE FOR DIRECT FUNDRAISING SERVICES WITH THE REMAINDER FOR REIMBURSEMENT OF ASSOCIATED COSTS. X 1 1 X X X X X 0 0 0 1 0 1 0 0 0 MARISSA STREIT CHIEF EXECUTIVE OFFICER 739635 0 168354 0 0 0 19800 0 19516 0 947305 0 0 0 DAVID PRAGER CHIEF DEVELOPMENT OFFICER 385851 0 0 0 0 0 19800 0 26745 0 432396 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 344472 0 33000 0 0 0 19800 0 15301 0 412573 0 0 0 LAYNE THRASHER CHIEF FINANCIAL OFFICER 349655 0 31000 0 0 0 19800 0 8583 0 409038 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 305000 0 0 0 0 0 0 0 0 0 305000 0 0 0 SUSAN EKPUNOBI PERSONALITY (TO 9/2023) 103140 0 116553 0 0 0 4208 0 5722 0 229623 0 0 0 KEVIN ROYSE CHIEF ADVANCEMENT OFFICER (TO 10/202 203293 0 0 0 0 0 11700 0 12751 0 227744 0 0 0 LARA ERMAN CO-HEAD OF PRODUCTION 120000 0 64000 0 0 0 10800 0 8583 0 203383 0 0 0 AMANDA ROSSIE DIRECTOR, DEVELOPMENT OPERATIONS 176216 0 1000 0 0 0 10800 0 10858 0 198874 0 0 0 KELLY MCNAIR VP, DEVELOPMENT 166505 0 13000 0 0 0 10800 0 6537 0 196842 0 0 0 LUCY WERNER VP, DEVELOPMENT 181000 0 6000 0 0 0 1800 0 0 0 188800 0 0 0 PART I, LINE 1A FOUR C-LEVEL EMPLOYEES OCCASIONALLY UTILIZED FIRST CLASS TRAVEL FOR LENGHTY CROSS-COUNTRY OR RED-EYE FLIGHTS. THIS WAS NOT INCLUDED IN TAXABLE COMPENSATION FOR THESE EMPLOYEES. PART I, LINE 5 THE CHIEF EXECUTIVE OFFICER BONUS IS BASED ON ANNUAL REVENUES AS APPROVED BY THE BOARD OF DIRECTORS AND VERIFIED ANNUALLY PER BOARD COMPENSATION COMMITTEE. BY 12/31 OF EACH YEAR, THE BONUS IS ESTIMATED AND ACCRUED AND RECONCILED IN FULL POST-AUDIT COMPLETION. THE EXECUTIVE/COMPENSATION COMMITTEE ALSO REVIEWS EACH YEAR'S BONUS BEFORE IT IS PAID OUT. THE CHIEF MARKETING OFFICER AND CHIEF FINANCIAL OFFICER HAVE A MINORITY PORTION OF THEIR YEAR-END BONUSES TIED TO ANNUAL REVENUES PART I, LINE 6 THE BONUSES AWARDED TO THE REST OF THE STAFF (PRIMARILY YEAR-END) ARE DISCRETIONARY PERFORMANCE BONUSES AND CAREFULLY CONSIDERED BETWEEN INDIVIDUAL DEPARTMENT HEADS, CFO AND CEO. IN 2023, THE ORGANIZATION TRAILED AN ANNUAL DISCRETIONARY PERFORMANCE BONUS TO STAFF (NO OFFICERS INCLUDED) BASED UPON PRAGERU NET EARNINGS AND ONLY TO STAFF THAT HAD BEEN EMPLOYED OVER A YEAR, WHICH WAS A MINIMAL PIECE OF THEIR OVERALL ANUUAL COMPENSATION. KANSAS & BROOKLYN ENTITY OWNED BY DENNIS PRAGER, CO-FOUNDER 375000 KANSAS & BROOKLYN RECEIVED COMPENSATION FOR CONSULTING SERVICES PERFORMED BY DENNIS PRAGER, CO-FOUNDER. 0 X 108 3443387 HIGH/LOW AVG DATE RECEIV 0 1 1 PART I, COLUMN (B): NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION WILL WORK WITH ESTATE ATTORNEYS/FIDUCIARIES FOR ANY LEGACY GIFTS AND ESTATES WHEN A DONOR PASSES, AS IS NEEDED. THE FOUNDATION DID NOT TAKE IN ANY NON-STANDARD CONTRIBUTIONS, BUT ROUTINELY REVIEWS ITS GIFT ACCEPTANCE POLICY FOR CLARITY AND COMMUNICATION TO DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS INITIALLY REVIEWED BY THE CFO, CEO, AND EXECUTIVE DIRECTOR. IT IS THEN PRESENTED TO THE AUDIT COMMITTEE, AND THEN FULL BOARD OF DIRECTORS FOR FINAL REVIEW. UPON THE BOARD OF DIRECTORS' APPROVAL, THE FEDERAL FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON: - HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, - HAS READ AND UNDERSTANDS THE POLICY, - HAS AGREED TO COMPLY WITH THE POLICY, AND - UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, AND FOUNDER IS DONE BY THE BOARD OF DIRECTORS, OFTEN IN CONJUNCTION WITH A PROFESSIONAL AND INDEPENDENT SEARCH FIRM. SALARY SURVEYS, EXPERT KNOWLEDGE, AND CANDIDATE EXPERIENCE ARE KEY DETERMINANTS OF THESE SALARIES. THE LAST COMPENSATION STUDY WAS CONDUCTED IN NOVEMBER 2022. OTHER OFFICER SALARIES ARE ALSO EVALUATED BY AN OUTSIDE SEARCH FIRM AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 PRAGER UNIVERSITY FOUNDATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, FEDERAL FORMS 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S FORM 990 IS ALSO AVAILABLE ON ITS WEBSITE, WWW.PRAGERU.COM.