2022-03-30T09:48:50-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 271763901 PRAGER UNIVERSITY FOUNDATION PRAG 7472512005 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 MARISSA STREIT CEO 7472512005 2022-03-29 1 MARISSA STREIT 999009999 FRANK H SMITH P00639053 2022274000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MARISSA STREIT 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 59474251 0 X WWW.PRAGERU.COM X 2010 VA WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA. 9 9 97 15000 314766 216064 34681451 55881319 3000 40300 138184 436289 1365559 276835 36188194 56634743 395 0 0 0 5818075 8929127 0 0 5555556 14695607 23980049 20514077 32909176 15674117 23725567 38941460 63851949 1682781 2867703 37258679 60984246 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 25055899 306817 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. 25055899 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 117 0 1 97 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CT DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NV NY NC OK OR PA RI SC TN UT VA WV WI X MARISSA STREIT 7472512005 15021 VENTURA BOULEVARD 552 SHERMAN OAKS CA 91403 MARISSA STREIT CEO 40.00 X 669500 0 7188 DAVID PRAGER CHIEF DEVELOPMENT OFFICER 40.00 X 422000 0 22474 CRAIG STRAZZERI CHIEF MARKETING OFFICER 40.00 X 342000 0 23031 LAYNE THRASHER CHIEF FINANCIAL OFFICER 40.00 X 307000 0 20384 ALLEN ESTRIN EXECUTIVE DIRECTOR 30.00 X 317000 0 0 JASON BATEMAN DIRECTOR, MAJOR GIFTS 40.00 X 192000 0 21447 LUCY WERNER DIRECTOR, MAJOR GIFTS 40.00 X 162000 0 1250 KATHERINE PATRYKUS DIRECTOR, PORTFOLIO & FOUNDATIONS 40.00 X 142000 0 11617 CHRISTOPHER POWELL VP, PRODUCTION TECHNOLOGY 40.00 X 137000 0 15755 ADRIENNE JOHNSON CHIEF OF STAFF 40.00 X 142000 0 9361 STEVE ROBINSON CHAIRMAN 1.00 X X 0 0 0 DENNIS BECK TREASURER 1.00 X X 0 0 0 GREG CASSILETH SECRETARY 1.00 X X 0 0 0 KIM BENGARD DIRECTOR 1.00 X 0 0 0 DAVID BLUMBERG DIRECTOR 1.00 X 0 0 0 BOB HUTT DIRECTOR 1.00 X 0 0 0 BARAK LURIE DIRECTOR - UNTIL 12/31/2021 1.00 X 0 0 0 ANNE E MOUNSEY DIRECTOR - UNTIL 12/31/2021 1.00 X 0 0 0 MARTY WATKINS DIRECTOR - UNTIL 12/31/2021 1.00 X 0 0 0 2832500 0 132507 19 0 1 0 FACEBOOK INC 1 HACKER WAY MARIO PARK CA 94025 MEDIA/MARKETING 6950961 GOOGLE 901 CHERRY AVENUE SAN BRUNO CA 94066 MEDIA/MARKETING 4553531 RICHARD NORMAN COMPANY 113 EAST MARKET STREET SUITE 300 LEESBURG VA 20176 MASS MAILER MARKETING SERVICES 879647 FOX NEWS COMPANY 5715 COLLECTION CENTER DR CHICAGO IL 60693 MEDIA/MARKETING 727305 EKF PROMOTIONS 19528 VENTURA BLVD 232 TARZANA CA 91356 PROMOTIONAL ITEMS/SHIPPING 630248 19 375210 700167 54805942 2298481 55881319 HONORARIA 900099 40300 40300 40300 358710 358710 64885 59662 5223 2398100 2320521 77579 77579 77579 35650 375210 345321 -309671 -309671 380521 173666 206855 206855 ADVERTISING 541800 314766 314766 314766 56634743 306817 314766 131841 2130577 1683963 223307 223307 5705655 2757316 1072169 1876170 143333 66890 28595 47848 463636 247844 82308 133484 485926 273720 80940 131266 57849 32395 15229 10225 46713 26159 12297 8257 2799615 2656128 9295 134192 16264844 14756589 1508255 1155974 814310 126636 215028 1148949 1085415 63534 716707 324027 269031 123649 216821 100268 26869 89684 294919 2056 91523 201340 45022 25212 11852 7958 84638 48772 13572 22294 MERCHANDISE 712769 1958 710811 DUES AND SUBSCRIPTIONS 272995 152877 71864 48254 UBI TAXES 118688 118688 MISCELLANEOUS 43546 43546 32909176 25055899 2297721 5555556 15706332 18260560 13988688 14863440 1679565 1693014 464556 506738 172336 82190 59175 90146 6845396 28225983 197748 212068 38941460 63851949 978724 2682133 704057 0 0 185570 1682781 2867703 X 36708679 57596699 550000 3387547 37258679 60984246 38941460 63851949 23725567 0 X 0 1 X 1 0 X 11181721 17942046 22372603 34681451 55881319 142059140 11181721 17942046 22372603 34681451 55881319 142059140 5063881 136995259 100808 1289529 1542329 822374 363933 4118973 104067 157440 424265 217064 902836 147080949 2154790 0.93140 0.90920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11272110 462511 11734621 0.86760 0.13240 0 0 101001 26245 74756 71335 55945 15390 90146 DEFERRED RENT 185570 185570 X 56980064 345321 345321 56634743 0 56634743 33254497 345321 345321 32909176 0 32909176 PART V, LINE 4: IN YEARS WHEN THE ENDOWMENT FUND PERFORMANCE EXCEEDS 5% NET RETURNS, THE FOUNDATION WILL WITHDRAW 5%. IN YEARS WHEN THE ENDOWMENT FUND PERFORMANCE DOES NOT EXCEED 5% NET RETURNS, THE FOUNDATION WILL 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. 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: SPECIAL EVENT EXPENSES 345,321. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 345,321. MALIBU SEPTEMBER 2021 133150 129150 4000 18564 15000 19754 LOS ANGELES GALA NOV 2021 87800 66050 21750 155383 4550 3 189910 180010 9900 27745 24398 48196 31731 410860 375210 35650 183128 42962 63196 56035 345321 -309671 X X X X X 0 0 0 1 0 0 0 0 0 MARISSA STREIT CEO 575000 0 94500 0 0 0 7188 0 0 0 676688 0 0 0 DAVID PRAGER CHIEF DEVELOPMENT OFFICER 320000 0 102000 0 0 0 11600 0 10874 0 444474 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 325000 0 17000 0 0 0 11600 0 11431 0 365031 0 0 0 LAYNE THRASHER CHIEF FINANCIAL OFFICER 305000 0 2000 0 0 0 12188 0 8196 0 327384 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 290000 0 27000 0 0 0 0 0 0 0 317000 0 0 0 JASON BATEMAN DIRECTOR, MAJOR GIFTS 165000 0 27000 0 0 0 6600 0 14847 0 213447 0 0 0 LUCY WERNER DIRECTOR, MAJOR GIFTS 125000 0 37000 0 0 0 1250 0 0 0 163250 0 0 0 KATHERINE PATRYKUS DIRECTOR, PORTFOLIO & FOUNDATIONS 125000 0 17000 0 0 0 5000 0 6617 0 153617 0 0 0 CHRISTOPHER POWELL VP, PRODUCTION TECHNOLOGY 125000 0 12000 0 0 0 4583 0 11172 0 152755 0 0 0 ADRIENNE JOHNSON CHIEF OF STAFF 120000 0 22000 0 0 0 4800 0 4561 0 151361 0 0 0 PART I, LINE 5 MARISSA STREIT, CHIEF EXECUTIVE OFFICER, RECEIVED BONUSES BASED UPON REVENUES RAISED ANNUALLY. KANSAS & BROOKLYN ENTITY OWNED BY DENNIS PRAGER, CO-FOUNDER 462083 KANSAS & BROOKLYN RECEIVED $462,083 FOR CONSULTING SERVICES PERFORMED BY DENNIS PRAGER, CO-FOUNDER. 0 X 126 2298481 FMV 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WRE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2021. 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 2020. 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, AUDITED FINANCIAL STATEMENTS, FEDERAL FORMS 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.