PRATT INSTITUTE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PRATT INSTITUTE (EIN 11-1630822)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-13
- IRS object ID
- 202501339349302230
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-13T10:25:06-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111630822 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRATT INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRAT | BusinessNameControlTxt |
| Phone | 7186363600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WILLOUGHBY AVE | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11205 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CATHLEEN KENNY | PersonNm |
| Person Title | VP OF FINANCE/ADMINISTRATION | PersonTitleTxt |
| Phone | 7186363600 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FRANCES BRONET | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WILLOUGHBY AVE | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $430,716,419 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PRATT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1887 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 4548 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $685,742 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,050,013 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,679,954 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $312,458,739 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $313,117,665 | CYProgramServiceRevenueAmt |
| PY Investment Income | $10,810,481 | PYInvestmentIncomeAmt |
| CY Investment Income | $68,415,148 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,365,785 | PYOtherRevenueAmt |
| CY Other Revenue | $1,869,131 | CYOtherRevenueAmt |
| PY Total Revenue | $337,685,018 | PYTotalRevenueAmt |
| CY Total Revenue | $398,081,898 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $84,087,058 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $82,677,299 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $159,134,765 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $168,652,558 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,656,394 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $79,346,453 | PYOtherExpensesAmt |
| CY Other Expenses | $84,209,591 | CYOtherExpensesAmt |
| PY Total Expenses | $322,568,276 | PYTotalExpensesAmt |
| CY Total Expenses | $335,539,448 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,116,742 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $62,542,450 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $747,993,021 | TotalAssetsBOYAmt |
| Total Assets EOY | $797,600,847 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $203,315,422 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $209,017,461 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $544,677,599 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $588,583,386 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF PRATT INSTITUTE IS TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. FOR MORE INFORMATION, SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $187,979,135 | ExpenseAmt |
| Grant | $82,677,299 | GrantAmt |
| Revenue | $286,916,672 | RevenueAmt |
| Desc | INSTRUCTION: PRATT INSTITUTE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AN INSTITUTIONAL ACCREDITING AGENCY RECOGNIZED BY THE US SECRETARY OF EDUCATION AND THE COMMISSION ON RECOGNITION OF POSTSECONDARY ACCREDITATION. THE INSTITUTE OFFERS 5 ASSOCIATE, 27 UNDERGRADUATE, AND 36 GRADUATE DEGREE PROGRAMS IN ART, DESIGN, ARCHITECTURE, LIBERAL ARTS AND SCIENCES, AND INFORMATION AND LIBRARY SCIENCES (GRADUATE LEVEL ONLY). (SEE CONTINUATION IN SCHEDULE O) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $38,199,535 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | ACADEMIC SUPPORT: THE INSTITUTE PROVIDES FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS TO OVER 80% OF STUDENTS. THIS ASSISTANCE IS VITAL TO FOSTERING THE UNIQUE ABILITIES OF THE TALENTED INDIVIDUALS ENROLLED AT PRATT, THE MAJORITY OF WHOM WOULD OTHERWISE BE UNABLE TO BENEFIT FROM THE WORLD-CLASS, CUTTING EDGE EDUCATION THE INSTITUTE OFFERS. (SEE CONTINUATION IN SCHEDULE O) | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $29,948,727 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $25,000,175 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES: THE INSTITUTE MANAGES AND MAINTAINS MULTIPLE RESIDENCE HALLS WHICH PROVIDE HOUSING FOR PRATT STUDENTS. AUXILIARY ENTERPRISES ALSO INCLUDE MANAGEMENT OF THE STUDENT MEAL PROGRAM AND ATHLETIC CENTER ACTIVITIES WHICH ARE PRIMARILY MAINTAINED FOR THE USE AND CONVENIENCE OF STUDENTS, FACULTY AND STAFF. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $28,804,089 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,200,818 | RevenueAmt |
| Desc | STUDENT SERVICES:EXPENSES INCURRED FOR STUDENT' ACTIVITIES AND EVENTS BY THE FOLLOWING DEPARTMENTS: ADMISSIONS, REGISTRAR, BURSAR, FINANCIAL AID, ATHLETICS, INTERNATIONAL AFFAIRS, HEALTH & COUNSELING, CAREER SERVICES AND OTHER STUDENT SUPPORT. THE STUDENT AFFAIRS DIVISION PROVIDES PROGRAMS ANDSERVICES THAT PROMOTE STUDENT PERSONAL AND PROFESSIONAL DEVELOPMENT, FOSTERS A CAMPUS ENVIRONMENT THAT IS CONDUCIVE TO STUDENT LEARNING AND ADVOCATES FOR AND SUPPORTS STUDENTS AS THEY MEET ACADEMIC AND PERSONAL CHALLENGES. THE OFFICE OF INTERNATIONAL AFFAIRS PROVIDES SERVICES TO INTERNATIONAL STUDENTS FROM OVER 75 COUNTRIES AS WELL AS J-1 EXCHANGE VISITORS, EXCHANGE STUDENTS, PROFESSORS, AND SCHOLARS. THE OFFICE IS RESPONSIBLE TO ENSURE THE INSTITUTE'S COMPLIANCE WITH REQUIREMENTS OF THE DEPARTMENT OF HOMELAND SECURITY AND DEPARTMENT OF STATE.INSTITUTIONAL SUPPORT:INCLUDES EXPENDITURES PRIMARILY INCURRED BY THE OFFICES OF SECURITY, STRATEGIC PLANNING, INSTITUTIONAL RESEARCH, INFORMATION TECHNOLOGY, MARKETING, FINANCE, AND OTHER GENERAL EXPENSES OF THE INSTITUTION.OPERATION AND MAINTENANCE OF PLANT:INCLUDES EXPENSES FOR THE MAINTENANCE AND UPKEEP OF BUILDINGS, MANAGEMENT AND SUPPORT OF THE OPERATIONS OF PHYSICAL PLANT FACILITIES, UTILITIES, CLEANING AND OTHER RELATED FUNCTIONS, CAPITAL RENOVATION AND DEFERRED MAINTENANCE PROJECTS. THE INSTITUTE IS CURRENTLY UNDERGOING AMAJOR UPGRADE TO ITS AGING STEAM PLANT IN ORDER TO REDUCE CARBON EMISSIONS AND COMPLY WITH LOCAL CARBON REDUCTION REQUIREMENTS.PUBLIC SERVICE:THE INSTITUTE PLAYS AN ACTIVE ROLE IN COMMUNITY-BASED PLANNING AND RESEARCH PROGRAMS THAT EMPOWER LOCAL RESIDENTS AND BUSINESSES TO DEVELOP ROBUST URBAN CENTERS IN WHICH TO WORK, PLAY AND LIVE. COMMUNITY BASED PROGRAMS INCLUDE THE LONG-RUNNING SATURDAY ART SCHOOL AND PRATT YOUNG SCHOLARS PROGRAM. SERVICES OF THE SPATIAL ANALYSIS AND VISUALIZATION LAB ARE AVAILABLE TO THE COMMUNITY AND REGULARLY PROVIDES GIS TECHNICAL ASSISTANCE TO NEW YORK CITY-BASED NONPROFIT, CIVIC, AND COMMUNITY-BASED PLANNING ORGANIZATIONS. SAVI MAINTAINS A DATABASE OF SPATIAL AND INFORMATIONAL DATA SETS, AVAILABLE FOR PUBLIC USE ON MOSTNETWORKED COMPUTERS ON THE BROOKLYN CAMPUS. PRATT CENTER FOR COMMUNITY DEVELOPMENT: ESTABLISHED IN 1963, THE CENTER WORKS FOR A MORE SUSTAINABLE AND EQUITABLE CITY IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS, SMALL BUSINESSES, AND POLICYMAKERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $28,804,089 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $1,200,818 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $284,931,486 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 478 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4548 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHLEEN KENNY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7186363784 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WILLOUGHBY AVE | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| FRANCES BRONET | |||||||||
| PRESIDENT AND TRUSTEE | 35.00 | 0.00 | Yes (X) | Yes (X) | $955,807 | $0 | $69,192 | ||
| ALEX LIEBERGESELL | |||||||||
| FACULTY TRUSTEE (AS OF 07/2023) | 5.00 | 0.00 | Yes (X) | $117,694 | $0 | $20,243 | |||
| KARIN TEHVE | |||||||||
| FACULTY TRUSTEE (AS OF 07/2023) | 5.00 | 0.00 | Yes (X) | $116,102 | $0 | $21,543 | |||
| BRYNN ANDERSON | |||||||||
| RECENT GRAD. TRUSTEE (AS OF 07/2023) | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LUCY PIDCOCK | |||||||||
| GRAD. STUD. TRUSTEE (AS OF 07/2023) | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| AVA SCOTT | |||||||||
| RECENT GRAD. TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ADEM WIJEWICKREMA | |||||||||
| UNDERGR. STUD. TRUS. (AS OF 07/2023) | 5.00 | 0.00 | Yes (X) | $8,231 | $0 | $0 | |||
| GARY S HATTEM | |||||||||
| CHAIR OF BOARD | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MIKE PRATT | |||||||||
| VICE CHAIR OF THE BOARD | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ANNE E EDWARDS | |||||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| HOWARD S STEIN | |||||||||
| TREASURER | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DERRICK ADAMS | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHRYN C CHENAULT | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR JOAN FALLON | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHARON GAUCI | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE J GILTIN | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM HILSON | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID KIM | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHARINE L MCKENNA | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID O PRATT | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK D STUMER | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANNE H VAN INGEN | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL ZETLIN | |||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CATHLEEN M KENNY | |||||||||
| VP FOR FINANCE AND ADMINISTRATION | 35.00 | 0.00 | Yes (X) | $367,720 | $0 | $61,546 | |||
| DONNA HEILAND | |||||||||
| PROVOST | 35.00 | 0.00 | Yes (X) | $351,909 | $0 | $34,083 | |||
| ANITA COONEY | |||||||||
| DEAN - SCHOOL OF DESIGN | 35.00 | 0.00 | $255,654 | $0 | $62,365 | Yes (X) | |||
| JOSEPH M HEMWAY | |||||||||
| VP OF IT & CIO | 35.00 | 0.00 | $276,784 | $0 | $31,090 | Yes (X) | |||
| JESSICA TALLMAN | |||||||||
| INTERIM VP FOR INSTITUTIONAL ADV. | 35.00 | 0.00 | $289,362 | $0 | $35,371 | Yes (X) | |||
| RICHARD LONGO | |||||||||
| VP FOR ENROLLMENT MANAGEMENT | 35.00 | 0.00 | $292,057 | $0 | $59,817 | Yes (X) | |||
| DAPHNE R HALPERN | |||||||||
| VP OF INSTITU. ADV. (THRU 05/2023) | 0.00 | 0.00 | $290,184 | $0 | $11,082 | Yes (X) | |||
| MARIA SIEIRA | |||||||||
| FORMER FACULTY TRUSTEE | 0.00 | 0.00 | $98,655 | $0 | $5,698 | Yes (X) | |||
| FARZAM YAZDANSETA | |||||||||
| FORMER FACULTY TRUSTEE | 0.00 | 0.00 | $118,269 | $0 | $53,506 | Yes (X) | |||
| KIRK E PILLOW | |||||||||
| FORMER PROVOST | 0.00 | 0.00 | $195,089 | $0 | $53,042 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,733,517 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $518,578 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 322 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ALLIED UNIVERSAL SECURITY SERVICES | |||||
| 229 WEST 36TH STREET | NEW YORK | NY | 10018 | SECURITY | $3,295,260 |
| CULLEN AND DYKMAN LLP | |||||
| 333 EARLE OVINGTON BLVD 2ND FL | UNIONDALE | NY | 11553 | LEGAL | $2,230,359 |
| ZUBATKIN OWNER REPRESENTATION LLC | |||||
| 1250 BROADWAY 10TH FL | NEW YORK | NY | 10001 | PROJECT MANAGEMENT | $1,455,228 |
| PROQUEST LLC | |||||
| 6216 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | RESEARCH SERVICES | $649,143 |
| GRANT THORNTON | |||||
| 757 THIRD AVENUE 9TH FL | NEW YORK | NY | 10017 | AUDITING & ACCOUNTING SERVICES | $451,996 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 18 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $470,172 | FundraisingAmt |
| Government Grants | $4,038,091 | GovernmentGrantsAmt |
| All Other Contributions | $10,171,691 | AllOtherContributionsAmt |
| Noncash Contributions | $545,450 | NoncashContributionsAmt |
| Total Contributions | $14,679,954 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 900099 | $286,003,745 | $286,003,745 | |
| AUXILIARY ENTERPRISES | 459210 | $25,913,102 | $25,227,360 | $685,742 |
| RELATED STUD. ACCT REV | 900099 | $1,150,416 | $1,150,416 | |
| STUDENT ENROLL. FEES | 900099 | $50,402 | $50,402 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $313,117,665 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,774,448 | TotalRevenueColumnAmt |
| Exclusion | $9,774,448 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,807 | TotalRevenueColumnAmt |
| Exclusion | $17,807 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $691,819 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $260,184 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $431,635 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $431,635 | TotalRevenueColumnAmt |
| Exclusion | $431,635 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $90,845,777 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $32,205,077 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $58,640,700 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,640,700 | TotalRevenueColumnAmt |
| Exclusion | $58,640,700 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $75,600 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $470,172 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $169,260 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$93,660 | TotalRevenueColumnAmt |
| Exclusion | -$93,660 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| PRATT RESEARCH CENTER | 900099 | $530,459 | $530,459 |
| REBATE/COMMISSION | 900099 | $295,445 | $295,445 |
| INSURANCE SETTLEMENT | 900099 | $203,708 | $203,708 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $483,737 | TotalRevenueColumnAmt |
| Exclusion | $483,737 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,513,349 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $398,081,898 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $312,431,923 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $685,742 | UnrelatedBusinessRevenueAmt |
| Exclusion | $70,284,279 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,677,299 | TotalAmt |
| Program Services | $82,677,299 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,758,751 | TotalAmt |
| Program Services | $1,325,058 | ProgramServicesAmt |
| Management And General | $433,693 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,344 | TotalAmt |
| Program Services | $240,344 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,947,140 | TotalAmt |
| Program Services | $97,680,937 | ProgramServicesAmt |
| Management And General | $25,500,168 | ManagementAndGeneralAmt |
| Fundraising | $2,766,035 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,094,233 | TotalAmt |
| Program Services | $3,323,698 | ProgramServicesAmt |
| Management And General | $770,535 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,645,776 | TotalAmt |
| Program Services | $22,393,079 | ProgramServicesAmt |
| Management And General | $5,252,697 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,966,314 | TotalAmt |
| Program Services | $7,278,854 | ProgramServicesAmt |
| Management And General | $1,530,550 | ManagementAndGeneralAmt |
| Fundraising | $156,910 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,976,052 | TotalAmt |
| Program Services | $1,604,159 | ProgramServicesAmt |
| Management And General | $337,312 | ManagementAndGeneralAmt |
| Fundraising | $34,581 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,120 | TotalAmt |
| Program Services | $173,823 | ProgramServicesAmt |
| Management And General | $36,550 | ManagementAndGeneralAmt |
| Fundraising | $3,747 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,092 | TotalAmt |
| Management And General | $205,092 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,262,804 | TotalAmt |
| Management And General | $1,262,804 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $890,060 | TotalAmt |
| Program Services | $722,551 | ProgramServicesAmt |
| Management And General | $151,933 | ManagementAndGeneralAmt |
| Fundraising | $15,576 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,191,765 | TotalAmt |
| Program Services | $27,318,270 | ProgramServicesAmt |
| Management And General | $2,369,225 | ManagementAndGeneralAmt |
| Fundraising | $504,270 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,592,032 | TotalAmt |
| Program Services | $4,573,523 | ProgramServicesAmt |
| Management And General | $961,692 | ManagementAndGeneralAmt |
| Fundraising | $56,817 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,311,208 | TotalAmt |
| Program Services | $1,876,239 | ProgramServicesAmt |
| Management And General | $394,523 | ManagementAndGeneralAmt |
| Fundraising | $40,446 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,868,395 | TotalAmt |
| Program Services | $1,516,763 | ProgramServicesAmt |
| Management And General | $318,935 | ManagementAndGeneralAmt |
| Fundraising | $32,697 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,589,461 | TotalAmt |
| Program Services | $2,102,125 | ProgramServicesAmt |
| Management And General | $442,021 | ManagementAndGeneralAmt |
| Fundraising | $45,315 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,137,934 | TotalAmt |
| Program Services | $3,359,176 | ProgramServicesAmt |
| Management And General | $778,758 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,278,475 | TotalAmt |
| Program Services | $15,650,266 | ProgramServicesAmt |
| Management And General | $3,628,209 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,548,644 | TotalAmt |
| Program Services | $2,068,989 | ProgramServicesAmt |
| Management And General | $479,655 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| MEAL PLAN COSTS | $5,408,552 | $4,390,663 | $1,017,889 |
| REPAIRS & MAINTENANCE | $3,113,994 | $2,527,940 | $586,054 |
| OFFICE EXPENSES-EQUIP. | $1,773,496 | $1,439,724 | $333,772 |
| CAPITAL EXPENSES | $847,507 | $688,006 | $159,501 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,539,448 | TotalAmt |
| Program Services | $284,931,486 | ProgramServicesAmt |
| Management And General | $46,951,568 | ManagementAndGeneralAmt |
| Fundraising | $3,656,394 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,004,743 | BOYAmt |
| EOY | $34,421,800 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,825,387 | BOYAmt |
| EOY | $18,099,985 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,565,994 | BOYAmt |
| EOY | $9,003,034 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,731,775 | BOYAmt |
| EOY | $5,973,647 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,129,967 | BOYAmt |
| EOY | $5,715,488 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,250,996 | BOYAmt |
| EOY | $2,373,278 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $571,156,638 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $234,612,837 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $317,350,842 | BOYAmt |
| EOY | $336,543,801 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,115,864 | BOYAmt |
| EOY | $300,438,515 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,848,308 | BOYAmt |
| EOY | $63,001,970 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,169,145 | BOYAmt |
| EOY | $22,029,329 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $747,993,021 | BOYAmt |
| EOY | $797,600,847 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,637,548 | BOYAmt |
| EOY | $27,014,507 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,605,983 | BOYAmt |
| EOY | $12,457,527 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,680,291 | BOYAmt |
| EOY | $48,816,784 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,408,618 | BOYAmt |
| EOY | $70,610,513 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,386,270 | BOYAmt |
| EOY | $348,944 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,596,712 | BOYAmt |
| EOY | $49,769,186 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,315,422 | BOYAmt |
| EOY | $209,017,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,001,150 | BOYAmt |
| EOY | $456,153,571 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,676,449 | BOYAmt |
| EOY | $132,429,815 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $544,677,599 | BOYAmt |
| EOY | $588,583,386 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $747,993,021 | BOYAmt |
| EOY | $797,600,847 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $62,542,450 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$19,212,448 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $575,785 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,013,321 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,096,414 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,402,109 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,050,013 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,679,954 | CurrentTaxYearAmt |
| Total | $72,241,811 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,013,321 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,096,414 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,402,109 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,050,013 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,679,954 | CurrentTaxYearAmt |
| Total | $72,241,811 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,313,771 | SubstantialContributorsTotAmt |
| Public Support Total170 | $69,928,040 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,095,789 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,121,869 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,618,175 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,406,187 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,484,074 | CurrentTaxYearAmt |
| Total | $35,726,094 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,749 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $148,280 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $105,151 | CurrentTaxYearAmt |
| Total | $280,180 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,390,384 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $542,935 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,411,582 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,129,515 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,588,949 | CurrentTaxYearAmt |
| Total | $6,063,365 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $114,311,450 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,390,321,273 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.61170 | PublicSupportCY170Pct |
| Public Support PY170 | 0.58800 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS - 2019 AMOUNT: $ 1,344,909. 2020 AMOUNT: $ 508,047. 2021 AMOUNT: $ 1,411,582. 2022 AMOUNT: $ 1,068,315. 2023 AMOUNT: $ 1,513,349. SPECIAL EVENTS - 2019 AMOUNT: $ 45,475. 2020 AMOUNT: $ 34,888. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 61,200. 2023 AMOUNT: $ 75,600. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $17,949 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $205,085 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $223,034 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE PRATT INSTITUTE UTILIZES THE SERVICES OF AN INDEPENDENT THIRD-PARTY LOBBYING CONSULTANT TO ASSIST THE INSTITUTE WITH LEGISLATION THAT BENEFITS ITS EDUCATIONAL MISSION (AS WELL AS THE PRATT CENTER). AMOUNTS PAID TO A LOBBYING CONSULTANT IN FISCAL YEAR 2024 IS $205,085 IN ADDITION, THE INSTITUTE HAS ALLOCATED A PORTION OF EMPLOYEE SALARY TIME THAT IS DEDICATED TO LOBBYING ENDEAVORS; TOTAL SALARY COSTS ATTRIBUTED TO LOBBYING ACTIVITIES IS $17,949. THE INSTITUTE IS A DUES-PAYING MEMBER TO NACUBO; A PORTION OF ITS MEMBERSHIP DUES ($35) ARE ATTRIBUTABLE TO NACUBO'S LOBBYING EFFORTS AND ARE DISCLOSED TO THE INSTITUTE IN AN ANNUAL LETTER. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $1,114,301 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $254,946,282 | BeginningYearBalanceAmt |
| Contributions | $2,151,288 | ContributionsAmt |
| Investment Earnings Or Losses | $37,767,504 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,493,805 | GrantsOrScholarshipsAmt |
| End Year Balance | $290,371,269 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $232,451,168 | BeginningYearBalanceAmt |
| Contributions | $602,040 | ContributionsAmt |
| Investment Earnings Or Losses | $27,977,449 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,084,375 | GrantsOrScholarshipsAmt |
| End Year Balance | $254,946,282 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $276,660,449 | BeginningYearBalanceAmt |
| Contributions | $4,505,971 | ContributionsAmt |
| Investment Earnings Or Losses | -$43,610,888 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,104,364 | GrantsOrScholarshipsAmt |
| End Year Balance | $232,451,168 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $213,394,218 | BeginningYearBalanceAmt |
| Contributions | $2,266,902 | ContributionsAmt |
| Investment Earnings Or Losses | $64,324,393 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,325,064 | GrantsOrScholarshipsAmt |
| End Year Balance | $276,660,449 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $205,216,465 | BeginningYearBalanceAmt |
| Contributions | $757,455 | ContributionsAmt |
| Investment Earnings Or Losses | $10,539,979 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,119,681 | GrantsOrScholarshipsAmt |
| End Year Balance | $213,394,218 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.61930 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.22610 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.15460 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,098,556 | OtherCostOrOtherBasisAmt |
| Book Value | $21,098,556 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $508,679,602 | OtherCostOrOtherBasisAmt |
| Depreciation | $204,545,747 | DepreciationAmt |
| Book Value | $304,133,855 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,079,406 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,067,090 | DepreciationAmt |
| Book Value | $3,012,316 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,299,074 | OtherCostOrOtherBasisAmt |
| Book Value | $8,299,074 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $336,543,801 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LIMITED PARTNERSHIPS | $49,087,415 | F |
| ALTERNATIVE INVESTMENTS | $13,914,555 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $63,001,970 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POST RETIREMENT BENEFIT OBLIGATION | $23,400,536 |
| OPERATING LEASE LIABILITIES | $22,452,139 |
| CONDITIONAL ASSET RETIREMENT OBILIGATIONS | $3,715,384 |
| U.S. GOVERNMENT GRANTS REFUNDABLE | $201,127 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $49,769,186 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $295,358,792 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$19,212,448 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$82,677,298 | OtherRevenueAmt |
| Revenue Not Reported | -$101,889,746 | RevenueNotReportedAmt |
| Revenue Subtotal | $397,248,538 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,262,804 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$429,444 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $833,360 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $398,081,898 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $252,604,575 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,005,229 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,005,229 | ExpensesNotReportedAmt |
| Expenses Subtotal | $251,599,346 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,262,804 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $82,677,298 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $83,940,102 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $335,539,448 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | WORKS OF ART: THE INSTITUTE MAINTAINS A COLLECTION OF ARTWORK, HISTORICAL TREASURES, SCULPTURES, AND OTHER SIMILAR ASSETS FOR THE USE AND ENJOYMENT OF ITS STUDENTS, STAFF, VISITORS AND THE GENERAL PUBLIC. FOUNDED IN 1887, PRATT INSTITUTE IS A GLOBAL LEADER IN HIGHER EDUCATION DEDICATED TO PREPARING ITS 5,173 UNDERGRADUATE AND GRADUATE STUDENTS FOR SUCCESSFUL CAREERS IN ART, DESIGN, ARCHITECTURE, INFORMATION AND LIBRARY SCIENCE, AND LIBERAL ARTS AND SCIENCES. THE SCULPTURES AND OTHER WORKS OF ART PROVIDE A BROAD INTELLECTUAL AND CREATIVE CONTEXT FOR STUDENTS AT PRATT INSTITUTE. AS LONG AS THE INSTITUTE OWNS THE WORKS OF ART OR SIMILAR ASSETS, THE WORKS OF ART WILL BE UTILIZED BY THE INSTITUTE FOR ITS EDUCATIONAL AND CULTURAL PURPOSES, INCLUDING THE LENDING OF THE ITEMS TO MUSEUMS OPEN TO GENERAL PUBLIC, AND IN FURTHERANCE OF ITS EXEMPT PURPOSES. |
| PART V, LINE 4: | ENDOWMENT FUND: THE INSTITUTE MAINTAINS AN ENDOWMENT TO SUPPORT ITS ACADEMIC MISSION. THE INSTITUTE'S ENDOWMENT CONSISTS OF 266 INDIVIDUAL FUNDS, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS (PERMANENT ENDOWMENTS) AND AMOUNTS DESIGNATED BY THE INSTITUTE'S BOARD OF TRUSTEES (THE "BOARD") TO FUNCTION AS ENDOWMENTS. THE ENDOWMENT'S PRINCIPAL REMAINS UNTOUCHED TO PROVIDE A FOUNDATION OF ECONOMIC STABILITY, WHILE ITS EARNINGS ARE DEPLOYED TO PROVIDE STUDENT SCHOLARSHIPS, FUND CAPITAL EXPENDITURES (WHEN NEEDED) AND TO SUPPORT GENERAL OPERATING EXPENSES. |
| PART X, LINE 2: | FIN 48 (ASC 740)- TAX STATUS: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE INSTITUTE IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSES. THE INSTITUTE UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL YEARS 2024 OR 2023. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS -82,677,298. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII -260,184. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE -169,260. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII 260,184. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE 169,260. OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,001,842. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -12,426,057. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS 82,677,298. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE INSTITUTE PUBLICIZES ITS RACIAL NONDISCRIMINATORY POLICY IN NEWSPAPER ADVERTISEMENTS, STUDENT HANDBOOKS AND ON THE INSTITUTE'S WEBSITE. THE INSTITUTE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS. |
| SCHEDULE E, PART I, LINE 6 | THE INSTITUTE RECEIVES FEDERAL TITLE IV STUDENT FINANCIAL AID GRANTS FROM SEVERAL SOURCES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION, NYS BUNDY AID, NYS HEOP GRANT, NYS TAP, THE SCHOOL OF INFORMATION, LIBRARY SCIENCE, AND THE HIGHER EDUCATION EMERGENCY RELIEF FUND. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | 3 | PROGRAM SERVICES | INSTRUCTIONAL | $332,322 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $27,799,942 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 3 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Subtotal Spent | $28,132,264 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $28,132,264 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, FOREIGN FORMS | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE INSTITUTE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE INSTITUTE'S FORM 990-T. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | PRATT LEGENDS | Event1Nm |
| Gross Receipts Event1 | $545,772 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $470,172 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $75,600 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $64,032 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $4,848 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $100,380 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $545,772 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $470,172 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $75,600 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $64,032 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $4,848 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $100,380 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $169,260 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$93,660 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT FINANCIAL AID | GrantTypeTxt |
| Recipient | 4163 | RecipientCnt |
| Cash Grant | $82,677,298 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING THE USE OF GRANTS: THE OFFICE OF FINANCIAL AID PROCESSES ALL STUDENTS' FINANCIAL AID AWARDS BASED ON GUIDELINES SET FORTH BY FEDERAL, STATE AND LOCAL GOVERNMENTS. THESE AWARDS ARE INCLUDED IN THE STUDENT FINANCIAL PACKAGE AND ARE APPLIED TO THE STUDENTS' ACCOUNTS ONCE ALL ELIGIBILITY REQUIREMENTS ARE MET. THE OFFICE OF FINANCIAL AID RECONCILES ALL FEDERAL FUNDS TO THE US DEPARTMENT OF EDUCATION COMMON ORIGINATION AND DISBURSEMENT SYSTEM ON A MONTHLY BASIS. IN ADDITION, THE CONTROLLER'S OFFICE RECONCILES THE AWARD DISBURSEMENT ACTIVITIES POSTED TO THE INSTITUTE'S GENERAL LEDGER ACCOUNT TO THE STUDENTS' ACCOUNTS RECEIVABLE LEDGERS AND FINANCIAL AID AWARDS REPORTS. THE CONTROLLER'S OFFICE ALSO PROCESSES THE REIMBURSEMENT REQUESTS AND RECONCILIATION OF FUNDS RECEIVED, AND MONITORS THE SPENDING LEVEL TO ENSURE THAT ACTUAL DISBURSEMENTS DOES NOT EXCEED THE AUTHORIZED GOVERNMENT GRANT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANCES BRONET | ||||||||||||||
| PRESIDENT AND TRUSTEE | $689,497 | $0 | $262,500 | $0 | $3,810 | $0 | $17,750 | $0 | $51,442 | $0 | $1,024,999 | $0 | $0 | $0 |
| CATHLEEN M KENNY | ||||||||||||||
| VP FOR FINANCE AND ADMINISTRATION | $365,740 | $0 | $0 | $0 | $1,980 | $0 | $15,250 | $0 | $46,296 | $0 | $429,266 | $0 | $0 | $0 |
| DONNA HEILAND | ||||||||||||||
| PROVOST | $349,909 | $0 | $0 | $0 | $2,000 | $0 | $17,750 | $0 | $16,333 | $0 | $385,992 | $0 | $0 | $0 |
| RICHARD LONGO | ||||||||||||||
| VP FOR ENROLLMENT MANAGEMENT | $290,112 | $0 | $0 | $0 | $1,945 | $0 | $15,250 | $0 | $44,567 | $0 | $351,874 | $0 | $0 | $0 |
| JESSICA TALLMAN | ||||||||||||||
| INTERIM VP FOR INSTITUTIONAL ADV. | $289,105 | $0 | $0 | $0 | $257 | $0 | $15,250 | $0 | $20,121 | $0 | $324,733 | $0 | $0 | $0 |
| ANITA COONEY | ||||||||||||||
| DEAN - SCHOOL OF DESIGN | $253,958 | $0 | $0 | $0 | $1,696 | $0 | $14,047 | $0 | $48,318 | $0 | $318,019 | $0 | $0 | $0 |
| JOSEPH M HEMWAY | ||||||||||||||
| VP OF IT & CIO | $274,991 | $0 | $0 | $0 | $1,793 | $0 | $14,732 | $0 | $16,358 | $0 | $307,874 | $0 | $0 | $0 |
| DAPHNE R HALPERN | ||||||||||||||
| VP OF INSTITU. ADV. (THRU 05/2023) | $200,562 | $0 | $0 | $0 | $89,622 | $0 | $10,028 | $0 | $1,054 | $0 | $301,266 | $0 | $0 | $0 |
| KIRK E PILLOW | ||||||||||||||
| FORMER PROVOST | $194,310 | $0 | $0 | $0 | $779 | $0 | $13,731 | $0 | $39,311 | $0 | $248,131 | $0 | $0 | $0 |
| FARZAM YAZDANSETA | ||||||||||||||
| FORMER FACULTY TRUSTEE | $118,174 | $0 | $0 | $0 | $95 | $0 | $5,515 | $0 | $47,991 | $0 | $171,775 | $0 | $0 | $0 |
| MARIA SIEIRA | ||||||||||||||
| FORMER FACULTY TRUSTEE | $98,655 | $0 | $0 | $0 | $0 | $0 | $4,821 | $0 | $877 | $0 | $104,353 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE: PRATT INSTITUTE PROVIDES HOUSING TO THE PRESIDENT, FRANCES BRONET. HOUSING IS A CONDITION OF THE PRESIDENTS' EMPLOYMENT AND IS PROVIDED FOR THE CONVENIENCE OF THE INSTITUTE, THEREFORE, IT IS NOT INCLUDED IN TAXABLE INCOME AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (D). |
| PART I, LINE 4A | DAPHNE HALPERN RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2023 OF $88,784 THAT IS INCLUDED IN HER WAGES IN SCHEDULE J, PART II, COLUMN (B)(III). |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DASNY - SERIES 2016 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 146000293 | BondIssuerEIN |
| CUSIP | 64990BR70 | CUSIPNum |
| Bond Issued | 2016-06-08 | BondIssuedDt |
| Issue Price | $61,336,413 | IssuePriceAmt |
| Purpose | REFUND 2009C, CONSTRUCTION | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $9,750,000 | RetiredAmt |
| Total Proceeds | $61,336,413 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $767,914 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $15,075,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $45,493,499 | OtherSpentProceedsAmt |
| Substantial Completion | 2019 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: DASNY - SERIES 2016 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2021 |
| PART I, COLUMN (F) | 2016 BOND ISSUE DESCRIPTION OF PURPOSE: (I) FULLY REDEEM OUTSTANDING SERIES 2009C BONDS, (II) CONSTRUCT AND EQUIP A ONE STORY EXPANSION OF AN ORIGINAL 9 STORY, 249 BED RESIDENTIAL FACULTY AND (III) RENOVATE AND EQUIP NINE TOWNHOUSES TO HOUSE APPROXIMATELY 54 STUDENTS. PART IV THE PRATT INSTITUTE COMMISSIONED AN ARBITRAGE REBATE CALCULATION OF ITS DASNY - SERIES 2016 BOND IN JUNE OF 2022; THE REPORT CONFIRMED THAT NO ARBITRAGE REBATE IS DUE. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $545,450 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN B | FormAndLineReferenceDesc |
| Explanation | NUMBER OF CONTRIBUTORS: THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | THE MISSION OF PRATT INSTITUTE IS TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. PRATT SEEKS TO INSTILL IN ALL GRADUATES AESTHETIC JUDGMENT, PROFESSIONAL KNOWLEDGE, COLLABORATIVE SKILLS, AND TECHNICAL EXPERTISE. WITH A FIRM GROUNDING IN THE LIBERAL ARTS AND SCIENCES, A PRATT EDUCATION BLENDS THEORY WITH CREATIVE APPLICATION IN PREPARING GRADUATES TO BECOME LEADERS IN THEIR PROFESSIONS. PRATT ENROLLS A DIVERSE GROUP OF HIGHLY TALENTED AND DEDICATED STUDENTS, CHALLENGING THEM TO ACHIEVE THEIR FULL POTENTIAL. |
| FORM 990, PART III, LINE 4A | INSTRUCTION: THE CENTER FOR CONTINUING AND PROFESSIONAL STUDIES PROVIDES HIGH-QUALITY CREDIT AND NON-CREDIT COURSES AND PROGRAMS TO THE NON-TRADITIONAL STUDENT IN A VARIETY OF SUBJECTS FOR EDUCATIONAL ADVANCEMENT, CAREER CHANGE, AND ENRICHMENT. THE CENTER ALSO OFFERS A PRECOLLEGE PROGRAM WHICH PROVIDES HIGH SCHOOL STUDENTS WITH RIGOROUS COLLEGE LEVEL ART, DESIGN AND CREATIVE THINKING COURSES, MODELED AFTER THE INSTITUTE'S UNDERGRADUATE OFFERINGS. THE STUDY ABROAD PROGRAM PROVIDES STUDENTS WITH THE OPPORTUNITY TO STUDY IN MORE THAN A DOZEN LOCATIONS INCLUDING ROME, FLORENCE, MILAN, COPENHAGEN, LONDON AND TOKYO. PRATT ALSO OFFERS TWO FULL-TIME ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAMS FOR INTERNATIONAL STUDENTS THAT FOCUS ON THE LANGUAGE OF ART, DESIGN AND ARCHITECTURE. OFFICIAL ENROLLMENT FOR THE FALL 24 SEMESTER WAS 2,532 (1,521 NONCREDIT, 1,011 CREDIT). |
| FORM 990, PART III, LINE 4B | ACADEMIC SUPPORT: ENDOWED FACULTY DEVELOPMENT FUNDS ARE COMPETITIVELY AWARDED ON AN ANNUAL BASIS TO ENHANCE THE RESOURCES PROVIDED FOR PRATT FACULTY. THESE GRANTS BOTH ADVANCE FACULTY RESEARCH AND STRENGTHEN THE INSTITUTE'S CURRICULUM OVERALL. FACULTY RESEARCH ENHANCES THE QUALITY OF INSTRUCTION AND INSPIRES NEW INTERDISCIPLINARY WORK THAT WILL CONTRIBUTE A RICHER LEARNING ENVIRONMENT FOR STUDENTS. |
| FORM 990, PART VI, SECTION A, LINE 2 | MIKE PRATT, DAVID O. PRATT, AND ANNE H. VAN INGEN HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | REVIEW OF 990: THE RETURN IS PREPARED BY AN INDEPENDENT FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN SUBMITTED TO THE CONTROLLER, VP OF FINANCE, THE FINANCE AND AUDIT COMMITTEE FOR THEIR REVIEW, AND THEN TO THE FULL BOARD OF DIRECTORS BEFORE FILING THE COMPLETED FORM 990 WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY: THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT PROVIDES THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE PURCHASING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 14 WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY: PRATT INSTITUTE REQUIRES THAT INSTITUTE RECORDS, REGARDLESS OF FORMAT, BE DISPOSED OF OR RETAINED FOR SPECIFIC PERIODS OF TIME IN ACCORDANCE WITH LEGAL AND/OR OTHER INSTITUTIONAL REQUIREMENTS OR FOR HISTORICAL VALUE. THE RETENTION AND DISPOSAL OF INSTITUTIONAL RECORDS POLICY IS AVAILABLE TO ALL PRATT EMPLOYEES ON THE INSTITUTE'S INTRANET AND PROVIDES DETAILED GUIDANCE WITH RESPECT TO THE RETENTION PERIODS OF SPECIFIC DOCUMENTS CREATED AND RETAINED BY OFFICES THROUGHOUT CAMPUS. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS OF DETERMINING COMPENSATION: COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF EXTERNAL COMPARABILITY DATA, REVIEW AND APPROVAL BY THE BOARD AND EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF THEIR DELIBERATIONS AND DECISIONS. THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. BASED UPON THE REVIEW, PRESIDENT'S COMPENSATION IS THEN DETERMINED AND APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | DISCLOSURE: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE OFFICE OF THE VP OF FINANCE OR THE CONTROLLER'S OFFICE. IN ADDITION, THE FORM 990 IS AVAILABLE AT GUIDESTAR.ORG. |
| FROM 990, PART VII AND SCHEDULE J | COMPENSATION TIMING: COMPENSATION REPORTED ON PART VII AND SCHEDULE J IS BASED ON THE CALENDAR YEAR WITHIN THE TAXPAYER'S FISCAL YEAR. FOR THIS FISCAL 2024 FORM 990, CALENDAR YEAR 2023 COMPENSATION IS REPORTED. COMPENSATION FOR INDIVIDUAL TRUSTEES THE COMPENSATION REPORTED ON PART VII-A AND/OR SCHEDULE J FOR INDIVIDUAL TRUSTEES IS NOT THE COMPENSATION EARNED FOR SERVICES RENDERED IN THEIR CAPACITY AS A DIRECTOR/TRUSTEE. INSTEAD, IT IS EARNED FOR SERVICES RENDERED IN THEIR CAPACITY AS EITHER FULL-TIME FACULTIES OR BASED ON STUDENT ASSISTANCE SERVICES. COMPENSATION FOR FORMER: THE COMPENSATION REPORTED ON PART VII-A AND/OR SCHEDULE J FOR THE FORMER OFFICER IS NOT THE COMPENSATION EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS OFFICER. INSTEAD, IT IS EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS A FULL-TIME FACULTY. |
| FORM 990, PART XI, LINE 9: | OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,001,842. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -12,426,057. |