PRATT INSTITUTE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: PRATT INSTITUTE (EIN 11-1630822)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-06
IRS object ID: 202231269349300028
Schema version: 2020v4.2
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	2022-05-06T08:55:10-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	366055558	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON LLP	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	2020-07-01	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	2022-02-18	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CATHLEEN	PersonFirstNm
Person Last	KENNY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT THOMPSETT	PreparerPersonNm
PTIN	P00741490	PTIN
Phone	2125990100	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	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	$338,463,086	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	26	VotingMembersGoverningBodyCnt
Voting Members Independent	23	VotingMembersIndependentCnt
Total Employee	3633	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	-$11,917	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$11,013,321	PYContributionsGrantsAmt
CY Contributions Grants	$14,096,414	CYContributionsGrantsAmt
PY Program Service Revenue	$264,767,890	PYProgramServiceRevenueAmt
CY Program Service Revenue	$209,628,118	CYProgramServiceRevenueAmt
PY Investment Income	$8,006,106	PYInvestmentIncomeAmt
CY Investment Income	$16,667,479	CYInvestmentIncomeAmt
PY Other Revenue	$1,635,945	PYOtherRevenueAmt
CY Other Revenue	$844,092	CYOtherRevenueAmt
PY Total Revenue	$285,423,262	PYTotalRevenueAmt
CY Total Revenue	$241,236,103	CYTotalRevenueAmt
PY Grants And Similar Paid	$65,787,387	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$61,837,599	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$143,726,956	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$128,063,627	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$2,478,038	CYTotalFundraisingExpenseAmt
PY Other Expenses	$69,410,023	PYOtherExpensesAmt
CY Other Expenses	$56,667,664	CYOtherExpensesAmt
PY Total Expenses	$278,924,366	PYTotalExpensesAmt
CY Total Expenses	$246,568,890	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,498,896	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$5,332,787	CYRevenuesLessExpensesAmt
Total Assets BOY	$710,606,804	TotalAssetsBOYAmt
Total Assets EOY	$755,027,216	TotalAssetsEOYAmt
Total Liabilities BOY	$272,782,899	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$210,997,589	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$437,823,905	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$544,029,627	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	$138,177,503	ExpenseAmt
Grant	$61,837,599	GrantAmt
Revenue	$206,651,127	RevenueAmt
Desc	INSTRUCTION: PRATT INSTITUTE IS A COEDUCATIONAL PRIVATE INSTITUTION CHARTERED AND EMPOWERED TO CONFER ACADEMIC DEGREES BY THE BOARD OF REGENTS OF NYS. THE CERTIFICATES AND DEGREES CONFERRED ARE REGISTERED BY THE NYS DEPARTMENT OF EDUCATION. PRATT IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. (SEE CONTINUATION IN SCHEDULE O)	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$26,639,860	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$0	RevenueAmt
Desc	ACADEMIC SUPPORT: INCLUDES ALL EXPENSES INCURRED IN SUPPORT OF ACADEMIC AND INSTRUCTIONAL PROGRAMS AS WELL AS RESEARCH, LIBRARY AND INFORMATION TECHNOLOGY SERVICES. PRATT LIBRARIES PROVIDE OUTSTANDING SERVICES AND ACCESS TO A RESOURCE-RICH ENVIRONMENT THAT FACILITATES CRITICAL THINKING AND CREATIVE TEACHING AND LEARNING IN THE PRATT COMMUNITY. PRATT ALSO OFFERS ONGOING SUPPORT AND INITIATIVES THROUGH THE WRITING AND TUTORIAL CENTER, INTENSIVE ENGLISH PROGRAM AND WRITING ACROSS THE CURRICULUM. (SEE CONTINUATION IN SCHEDULE O)	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$20,583,121	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$822,575	RevenueAmt
Desc	AUXILIARY ENTERPRISES: THE RESIDENTIAL LIFE AND STUDENT HOUSING EXPENDITURES ARE REPORTED UNDER AUXILIARY ENTERPRISES. ITS MISSION IS TO EFFICIENTLY AND EFFECTIVELY ADMINISTER A HOUSING PROGRAM IN A LEARNING CENTERED ENVIRONMENT THAT CHALLENGES AND SUPPORTS STUDENTS TO 1) ENHANCE SELF-UNDERSTANDING 2) VALUE COMMUNITY RESPONSIBILITY AND 3) LEARN FROM THEIR EXPERIENCES. THE POLICIES, PROCEDURES AND PROGRAMS ESTABLISHED AND ENCOURAGED BY RESIDENTIAL LIFE ARE THOSE WHICH ENHANCE STUDENT LEARNING AND INVOLVEMENT OUTSIDE THE CLASSROOM. (SEE CONTINUATION IN SCHEDULE O)	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$21,040,396	ExpenseAmt
Revenue	$2,154,416	RevenueAmt
Desc	STUDENT SERVICES:INCLUDES EXPENSES INCURRED FOR STUDENTS' ACTIVITIES AND EVENTS BY THE FOLLOWING STUDENT SUPPORT SERVICES DEPARTMENTS: ADMISSIONS, REGISTRAR, BURSAR, FINANCIAL AID, ATHLETICS, INTERNATIONAL AFFAIRS, HEALTH & COUNSELING, CAREER SERVICES AND OTHER STUDENT SERVICES DEPARTMENTS. THE STUDENT AFFAIRS DIVISION PROVIDES PROGRAMS AND SERVICES 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 THE CHALLENGES OF THE PRATT EXPERIENCES. THE OFFICE OF INTERNATIONAL AFFAIRS PROVIDES SERVICES TO INTERNATIONAL STUDENTS FROM OVER 75 COUNTRIES AS WELL AS J1 EXCHANGE VISITORS, EXCHANGE STUDENTS, PROFESSORS AND SCHOLARS. THIS OFFICE IS RESPONSIBLE TO ENSURE PRATT'S COMPLIANCE WITH THE DEPARTMENT OF HOMELAND SECURITY AND DEPARTMENT OF STATE.INSTITUTIONAL SUPPORT:INCLUDES EXPENDITURES PRIMARILY INCURRED BY THE SECURITY OFFICE, STRATEGIC PLANNING, OFFICE OF INSTITUTIONAL RESEARCH INFORMATION TECHNOLOGY, ACADEMIC MARKETING, FINANCE, SUSTAINABILITY AND OTHER PROGRAM SERVICES RELATED GENERAL INSTITUTE EXPENSES.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 PROJECTS, ETC.FY20/21 THE 14TH STREET CAMPUS RENOVATION IN MANHATTAN CONTINUED IN FY20/21. INCLUDES THE INCREASE IN CLASS ROOMS, EXPANSION OF GALLERY SPACE AND THE UPGRADE OF THE LOBBY SPACE TO THE INSTITUTE. UPGRADED A NUMBER OF THE ELEVATORS ON CAMPUS AND CONTINUED TO UPGRADE THE ROOFS OF THE VARIOUS BUILDINGS. IN THE DESIGN PHASE TO REPLACE THE LOW PRESSURE STEAM PLANT. STARTED THE PROJECT TO CONVERT MYRTLE HALL 3RD FLOOR EAST TO AN EDUCATIONAL SPACE TO ACCOMMODATE THE DEVELOPING GAMING ARTS BFA PROGRAM UNDER THE DEPARTMENT OF DIGITAL ARTS. PUBLIC SERVICE:IN VIEW OF PRATT'S MISSION TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY, PRATT 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.PRATT'S DEPARTMENT OF ART AND DESIGN EDUCATION OFFERS A VARIETY OF PROGRAMS FOR THE COMMUNITY. IT PROVIDES OPPORTUNITIES FOR ARTISTS AND DESIGNERS OF ALL AGES TO RECOGNIZE PRATT INSTITUTE OFFERS A NUMBER OF PROGRAMS, CENTERS AND INITIATIVES THAT BENEFIT THE PUBLIC ANDCOMMUNITIES. A NUMBER OF THEM ARE LISTED BELOW.THE ART EDUCATION PROGRAM:PRATT'S DEPARTMENT OF ART AND DESIGN EDUCATION OFFERS A VARIETY OF PROGRAMS FOR THE COMMUNITY. IT PROVIDES OPPORTUNITIES FOR ARTISTS AND DESIGNERS OF ALL AGES TO RECOGNIZE AND DEVELOP THEIR CREATIVE POTENTIAL. CLASSES ARE HELD ON PRATT'S CAMPUS WHERE PARTICIPANTS LEARN IN A COLLEGE ENVIRONMENT. THESE PROGRAMS PREPARE PRATT STUDENTS STUDYING ART & DESIGN EDUCATION TO WORK AS TEACHERS AND ARTISTS WHILE SIMULTANEOUSLY BRINGING ART AND DESIGN CLASSES TO THE COMMUNITY. FEATURED PROGRAMS ARE DESIGN INITIATIVE FOR COMMUNITY EMPOWERMENT (DICE), PRATT YOUNG SCHOLARS, SATURDAY ART SCHOOL, AND SUMMER DESIGN.THE SPATIAL ANALYSIS AND VISUALIZATION INITIATIVE (SAVI):SAVI AT PRATT INSTITUTE IS A GEOGRAPHIC INFORMATION SYSTEMS (GIS)-CENTERED INITIATIVE THAT PROVIDES STUDENTS AND FACULTY ACROSS DISCIPLINES ACCESS TO GIS AND VISUALIZATION RESOURCES. SAVI IS DEDICATED TO PRATT'S COMMITMENT TO BENEFIT THE GREATER COMMUNITY AND PROVIDES SERVICES AND GIS TECHNICAL ASSISTANCE TO NEW YORK CITY-BASED NONPROFIT, CIVIC, AND COMMUNITY-BASED PLANNING ORGANIZATIONS, AND OFFERS A GIS AND DESIGN CERTIFICATE PROGRAM THROUGH THE SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES. SAVI MAINTAINS A DATABASE OF SPATIAL AND INFORMATIONAL DATA SETS, AVAILABLE FOR PUBLIC USE ON MOST NETWORKED COMPUTERS AT THE PRATT BROOKLYN CAMPUS.PRATT CENTER FOR COMMUNITY DEVELOPMENT:ESTABLISHED IN 1963, THE CENTER WORKS FOR A MORE SUSTAINABLE AND EQUITABLE NEW YORK CITY IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS, SMALL BUSINESSES, AND POLICYMAKERS. AS PART OF PRATT INSTITUTE, WE USE URBAN PLANNING, ARCHITECTURE, AND PUBLIC POLICY TO SUPPORT COMMUNITY-BASED ORGANIZATIONS IN THEIR EFFORTS TO IMPROVE QUALITY OF LIFE, CREATE ECONOMIC OPPORTUNITY, AND ADVANCE SUSTAINABLE DEVELOPMENT. OUR WORK IS GROUNDED IN FOUR CORE VALUES: EQUITY, SUSTAINABILITY, LOCAL KNOWLEDGE, AND DIVERSE ECONOMY. BELOW ARE THREE MAJOR GRANT PROJECTS THAT PRATT CENTER EXCHANGED IN FOR THE FISCAL YEAR:CONSORTIUM FOR RESEARCH AND ROBOTICS:THE CENTER IS A NEW MODEL FOR COLLABORATION, COMPETITION AND CREATIVITY WITH NEW YORK CITY'S LARGEST INDUSTRIAL ROBOT. OFFERING UNIQUE FACILITIES, LOCATION, PROFESSIONAL AND ACADEMIC NETWORKS, AND VARIOUS OTHER RESOURCES.BELOW IS A BRIEF DESCRIPTION OF A FEW EXAMPLES OF THE MAJOR PROGRAM AND PROJECT ACCOMPLISHMENTS FOR PRATT RELATED TO EXTERNAL FUNDER AWARDS IN FY20/21:- THE NYS DORMITORY AUTHORITY'S HIGHER EDUCATION CAPITAL MATCHING GRANT PROGRAM (HECAP) AWARDED PRATT INSTITUTE $794,333 IN CAPITAL FUNDS TO HELP RENOVATE APPROXIMATELY 21K SQ FT OF SPACE IN THE BROOKLYN NAVY YARD (BNY). WITH THESE CAPITAL FUNDS, PRATT SEEKS TO CREATE A NEW RESEARCH FACILITY, THE PRATT RESEARCH YARD, IN PARTNERSHIP WITH THE BNY AND SHARED WITH THE COMMUNITY OF NAVY YARD INDUSTRY LEADERS. - THE NYC HOUSING AUTHORITY (NYCHA) AWARDED THE PRATT CENTER FOR COMMUNITY DEVELOPMENT WITH A $400,000 CONTRACT TO WORK ON AN 18-MONTH PROJECT TO ENGAGE STAKEHOLDERS AND TO PROVIDE TECHNICAL ASSISTANCE REGARDING NYCHA'S CLIMATE ADAPTATION PLANNING. - PRATT INSTITUTE'S SCHOOL OF INFORMATION, IN PARTNERSHIP WITH THE MATH AND SCIENCE DEPARTMENT, WAS AWARDED A $299,995 GRANT THROUGH THE NATIONAL SCIENCE FOUNDATION TO LAUNCH A PILOT PROJECT TO ADDRESS THE GROWING NEED FOR A DATA LITERATE CITIZENRY WITHIN YOUNG PEOPLE. THE PROJECT WILL USE PUBLIC LIBRARIES TO PROVIDE SUPPORT AND FOSTER THE DEVELOPMENT OF THE SKILLS AND KNOWLEDGE IN ORDER FOR YOUNG PEOPLE TO TAKE CHARGE OF THEIR DATA LIVES, FROM DATA CREATION TO DATA USE.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$21,040,396	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue	$2,154,416	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$206,440,880	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	333	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	3633	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	26	GoverningBodyVotingMembersCnt
Independent Voting Member	23	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	0	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
FRANCES BRONET
PRESIDENT AND TRUSTEE	35.00	0.00	Yes (X)	Yes (X)	$625,304	$0	$206,136
KIRK E PILLOW
PROVOST	35.00	0.00		Yes (X)	$360,151	$0	$49,236
CATHLEEN M KENNY
VP FOR FINANCE AND ADMINISTRATION	35.00	0.00		Yes (X)	$326,406	$0	$58,284
DAPHNE R HALPERN
VP OF INSTITUTIONAL ADVANCEMENT	35.00	0.00			$319,560	$0	$0	Yes (X)
JOSEPH M HEMWAY
VP OF IT AND CIO	35.00	0.00			$245,123	$0	$25,814	Yes (X)
HARRIET HARRISS
DEAN OF SCHOOL OF ARCHITECHTURE	35.00	0.00			$249,709	$0	$14,284	Yes (X)
DONNA HEILAND
ASSOCIATE PROVOST	35.00	0.00			$237,330	$0	$27,217	Yes (X)
HELEN B MATUSOW-AYRES
VP FOR STUD. AFFAIRS (THRU 06/2021)	35.00	0.00			$228,022	$0	$10,642	Yes (X)
RICHARD A SARRACH
FACULTY TRUSTEE	1.00	0.00	Yes (X)		$169,667	$0	$50,687
DONNA MORAN
FACULTY TRUSTEE	1.00	0.00	Yes (X)		$108,304	$0	$22,567
CHANICE HUGHES-GREENBERG
RECENT GRADUATE TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
KEVIN WONG
REC GRAD TRUSTEE (AS OF 07/2020)	1.00	0.00	Yes (X)		$0	$0	$0
AUBREY AMENT
GRAD STUD TRUSTEE (AS OF 07/2020)	1.00	0.00	Yes (X)		$0	$0	$0
AMBER LIU
UNDERGR. STUD TRUSTEE(AS OF 07/2020)	1.00	0.00	Yes (X)		$0	$0	$0
BRUCE J GILTIN
CHAIR OF THE BOARD	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MIKE PRATT
VICE CHAIR OF THE BOARD	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
GARY S HATTEM
VICE CHAIR	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
ANNE E EDWARDS
SECRETARY	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
HOWARD S STEIN
TREASURER	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
DERICK ADAMS
TRUSTEE (AS OF 10/2020)	1.00	0.00	Yes (X)		$0	$0	$0
KURT ANDERSEN
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
KATHRYN C CHENAULT
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
SHARON GAUCI
TRUSTEE (AS OF 03/2021)	1.00	0.00	Yes (X)		$0	$0	$0
JUNE KELLY
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
DAVID KIM
TRUSTEE (AS OF 03/2021)	1.00	0.00	Yes (X)		$0	$0	$0
KATHARINE L MCKENNA
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
DAVID O PRATT
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
STAN RICHARDS
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MARK D STUMER
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
ANNE H VAN INGEN
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MICHAEL ZETLIN
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
WILLIAM HILSON
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
DR JOAN FALLON
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,869,576	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$464,867	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	192	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	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
KING ROSE OF NY INC
307 W 38TH ST SUITE 1701	NEW YORK	NY	10018	CONSTRUCTION	$2,438,262
SAFE ENVIRONMENT BUSINESS SOLUTION
8 REVOLUTIONARY ROAD	OSSINING	NY	10562	SECURITY	$1,612,035
SHAWMUT DESIGN AND CONSTRUCTION
560 HARRISON AVENUE	BOSTON	MA	02118	CONSTRUCTION	$1,303,455
SCHINDLER ELEVATOR CORP
PO BOX 70433	CHICAGO	IL	60673	ELEVATOR SERVICE	$1,116,475
TISHMAN CONSTRUCTION
100 PARK AVENUE 5TH FL	NEW YORK	NY	10017	CONSTRUCTION	$1,044,507

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	65	CntrctRcvdGreaterThan100KCnt
Fundraising	$207,513	FundraisingAmt
Government Grants	$6,721,729	GovernmentGrantsAmt
All Other Contributions	$7,167,172	AllOtherContributionsAmt
Noncash Contributions	$60,574	NoncashContributionsAmt
Total Contributions	$14,096,414	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES	900099	$206,651,127	$206,651,127
RELATED STUD. ACCT REV	900099	$1,443,025	$1,443,025
AUXILIARY ENTERPRISES	451211	$822,575	$822,575
OTHER PROG RELATED REV	900099	$711,391	$711,391

Field	Value	IRS element (for citing)
Total Program Service Revenue	$209,628,118	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,393,032	TotalRevenueColumnAmt
Unrelated Business Revenue	-$11,917	UnrelatedBusinessRevenueAmt
Exclusion	$6,404,949	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$27,781	TotalRevenueColumnAmt
Exclusion	$27,781	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$701,056	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$392,792	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$308,264	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$308,264	TotalRevenueColumnAmt
Exclusion	$308,264	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$107,073,750	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$96,799,303	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$10,274,447	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,274,447	TotalRevenueColumnAmt
Exclusion	$10,274,447	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$34,888	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$207,513	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$34,888	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
BOND PREMIUM	900099	$270,995	$270,995
REBATE/COMMISSION	900099	$138,459	$138,459
OTHER MISC. REVENUES	900099	$98,593	$98,593

Field	Value	IRS element (for citing)
Other Revenue Total	$508,047	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$241,236,103	TotalRevenueColumnAmt
Related Or Exempt Func Income	$209,628,118	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$11,917	UnrelatedBusinessRevenueAmt
Exclusion	$17,523,488	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$61,837,599	TotalAmt
Program Services	$61,837,599	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,753,401	TotalAmt
Program Services	$1,400,980	ProgramServicesAmt
Management And General	$352,421	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$95,106,846	TotalAmt
Program Services	$74,278,322	ProgramServicesAmt
Management And General	$18,747,403	ManagementAndGeneralAmt
Fundraising	$2,081,121	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,643,455	TotalAmt
Program Services	$2,110,362	ProgramServicesAmt
Management And General	$533,093	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$21,844,600	TotalAmt
Program Services	$17,439,291	ProgramServicesAmt
Management And General	$4,405,309	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$6,715,325	TotalAmt
Program Services	$5,361,072	ProgramServicesAmt
Management And General	$1,354,253	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$469,622	TotalAmt
Program Services	$374,915	ProgramServicesAmt
Management And General	$94,707	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$297,126	TotalAmt
Program Services	$237,206	ProgramServicesAmt
Management And General	$59,920	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$157,717	TotalAmt
Management And General	$157,717	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,130,152	TotalAmt
Management And General	$1,130,152	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$10,016,665	TotalAmt
Program Services	$8,103,666	ProgramServicesAmt
Management And General	$1,906,806	ManagementAndGeneralAmt
Fundraising	$6,193	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,309,821	TotalAmt
Program Services	$1,718,072	ProgramServicesAmt
Management And General	$434,000	ManagementAndGeneralAmt
Fundraising	$157,749	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,767,087	TotalAmt
Program Services	$7,749,260	ProgramServicesAmt
Management And General	$1,957,489	ManagementAndGeneralAmt
Fundraising	$60,338	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,244,084	TotalAmt
Program Services	$873,209	ProgramServicesAmt
Management And General	$220,580	ManagementAndGeneralAmt
Fundraising	$150,295	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,082,333	TotalAmt
Program Services	$3,258,746	ProgramServicesAmt
Management And General	$823,187	ManagementAndGeneralAmt
Fundraising	$400	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$49,470	TotalAmt
Program Services	$38,755	ProgramServicesAmt
Management And General	$9,790	ManagementAndGeneralAmt
Fundraising	$925	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$44,722	TotalAmt
Program Services	$35,158	ProgramServicesAmt
Management And General	$8,881	ManagementAndGeneralAmt
Fundraising	$683	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,729,358	TotalAmt
Program Services	$3,775,607	ProgramServicesAmt
Management And General	$953,751	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$13,101,394	TotalAmt
Program Services	$10,459,288	ProgramServicesAmt
Management And General	$2,642,106	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,708,072	TotalAmt
Program Services	$1,363,612	ProgramServicesAmt
Management And General	$344,460	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
SPECIAL EVENTS & ENTER.	$1,966,206	$1,562,597	$394,725	$8,884
REPAIRS & MAINTENANCE	$1,903,517	$1,519,642	$383,875
OFFICE EXPENSES-EQUIP.	$1,453,509	$1,151,245	$290,814	$11,450
CAPITAL EXPENSES	$1,217,772	$972,189	$245,583

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,019,037	TotalAmt
Program Services	$820,087	ProgramServicesAmt
Management And General	$198,950	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$246,568,890	TotalAmt
Program Services	$206,440,880	ProgramServicesAmt
Management And General	$37,649,972	ManagementAndGeneralAmt
Fundraising	$2,478,038	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$7,533,973	BOYAmt
EOY	$62,845,395	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$16,588,519	BOYAmt
EOY	$14,454,523	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,498,307	BOYAmt
EOY	$5,196,768	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,318,450	BOYAmt
EOY	$3,080,181	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$10,497,178	BOYAmt
EOY	$9,062,455	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,435,051	BOYAmt
EOY	$1,630,719	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$504,512,659	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$193,906,860	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$322,436,468	BOYAmt
EOY	$310,605,799	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$287,721,697	BOYAmt
EOY	$280,782,979	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$54,577,161	BOYAmt
EOY	$64,226,270	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
EOY	$3,142,127	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$710,606,804	BOYAmt
EOY	$755,027,216	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$23,558,395	BOYAmt
EOY	$23,837,447	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$9,201,055	BOYAmt
EOY	$10,091,082	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$129,566,569	BOYAmt
EOY	$54,177,306	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$75,870,359	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$10,657,905	BOYAmt
EOY	$10,245,479	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$99,798,975	BOYAmt
EOY	$36,775,916	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$272,782,899	BOYAmt
EOY	$210,997,589	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	$333,711,572	BOYAmt
EOY	$417,922,849	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$104,112,333	BOYAmt
EOY	$126,106,778	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$437,823,905	BOYAmt
EOY	$544,029,627	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$710,606,804	BOYAmt
EOY	$755,027,216	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$5,332,787	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$49,924,477	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$61,614,032	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	Yes (1)	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	$10,240,674	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$8,523,103	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$15,006,966	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,013,321	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,096,414	CurrentTaxYearAmt
Total	$58,880,478	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$10,240,674	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$8,523,103	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$15,006,966	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,013,321	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,096,414	CurrentTaxYearAmt
Total	$58,880,478	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$5,131,018	SubstantialContributorsTotAmt
Public Support Total170	$53,749,460	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$9,608,989	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$4,469,187	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,697,538	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,095,789	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,121,869	CurrentTaxYearAmt
Total	$33,993,372	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,332,853	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,141,336	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,448,733	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,390,384	CurrentTaxYearMinus1YearAmt
Current Tax Year	$542,935	CurrentTaxYearAmt
Total	$13,856,241	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$106,730,091	TotalSupportAmt
Gross Receipts Rltd Activities	$1,228,982,565	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.50360	PublicSupportCY170Pct
Public Support PY170	0.49280	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 - 2016 AMOUNT: $ 4,217,313. 2017 AMOUNT: $ 5,035,431. 2018 AMOUNT: $ 2,334,809. 2019 AMOUNT: $ 1,344,909. 2020 AMOUNT: $ 508,047. SPECIAL EVENTS - 2016 AMOUNT: $ 115,540. 2017 AMOUNT: $ 105,905. 2018 AMOUNT: $ 113,924. 2019 AMOUNT: $ 45,475. 2020 AMOUNT: $ 34,888.	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	$17,426	DirectContactLegislatorsAmt
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$140,291	OtherActivitiesAmt
Total Lobbying Expenditures	$157,717	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 2021 IS $140,291. 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 $17,426. THE INSTITUTE IS A DUES-PAYING MEMBER TO NACUBO; A PORTION OF ITS MEMBERSHIP DUES ($41) 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)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$1,111,000	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	$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$193,639,407	BeginningYearBalanceAmt
Contributions	$831,183	ContributionsAmt
Investment Earnings Or Losses	$13,669,275	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,923,400	GrantsOrScholarshipsAmt
End Year Balance	$205,216,465	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$173,082,446	BeginningYearBalanceAmt
Contributions	$8,153,664	ContributionsAmt
Investment Earnings Or Losses	$15,437,271	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,033,974	GrantsOrScholarshipsAmt
End Year Balance	$193,639,407	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$150,985,228	BeginningYearBalanceAmt
Contributions	$2,758,244	ContributionsAmt
Investment Earnings Or Losses	$22,054,389	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,715,415	GrantsOrScholarshipsAmt
End Year Balance	$173,082,446	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.61660	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.21110	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.17230	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	$453,943,697	OtherCostOrOtherBasisAmt
Depreciation	$168,799,410	DepreciationAmt
Book Value	$285,144,287	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,671,257	OtherCostOrOtherBasisAmt
Depreciation	$25,107,450	DepreciationAmt
Book Value	$2,563,807	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,799,149	OtherCostOrOtherBasisAmt
Book Value	$1,799,149	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$310,605,799	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
LIMITED PARTNERSHIPS	$41,906,239	F
ALTERNATIVE INVESTMENTS	$22,320,031	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$64,226,270	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
ACCRUED POST RETIREMENT BENEFIT OBLIGATION	$24,433,380
U.S. GOVERNMENT GRANTS REFUNDABLE	$5,413,736
CONDITIONAL ASSET RETIREMENT OBILIGATIONS	$3,765,916
OPERATING LEASE LIABILITIES	$3,162,884

Field	Value	IRS element (for citing)
Total Liability	$36,775,916	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$228,620,510	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$49,924,477	NetUnrealizedGainsInvstAmt
Other Revenue	-$61,837,599	OtherRevenueAmt
Revenue Not Reported	-$11,913,122	RevenueNotReportedAmt
Revenue Subtotal	$240,533,632	RevenueSubtotalAmt
Investment Expenses Not Incld	$1,130,151	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$427,680	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$702,471	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$241,236,103	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$122,414,788	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$61,186,352	OtherExpensesIncludedAmt
Expenses Not Reported	-$61,186,352	ExpensesNotReportedAmt
Expenses Subtotal	$183,601,140	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$1,130,151	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$61,837,599	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$62,967,750	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$246,568,890	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 4,158 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 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 2021 OR 2020.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS -61,837,599.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII -392,792. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE -34,888.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII 392,792. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE 34,888. NET PERIODIC PENSION CREDIT OTHER THAN SERVICE COSTS -25,178,315. POSTRETIREMENT-RELATED CREDIT DUE TO NEGATIVE PLAN AMENDMENT -40,837,038. LOSS ON DEBT REFINANCING 4,359,894. OTHER NON-OPERATING RECONCILING ITEMS 41,427.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS 61,837,599.

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 AND LIBRARY SCIENCE.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE	1	3	PROGRAM SERVICES	INSTRUCTIONAL	$61,383
CENTRAL AMERICA AND THE CARIBBEAN	0	0	INVESTMENTS		$28,900,079

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	$28,961,462	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$28,961,462	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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART III ACCOUNTING METHOD:

PART IV, FOREIGN FORMS

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.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	PRATT LEGENDS	Event1Nm
Gross Receipts Event1	$242,401	GrossReceiptsEvent1Amt
Charitable Contri Event1	$207,513	CharitableContriEvent1Amt
Gross Revenue Event1	$34,888	GrossRevenueEvent1Amt
Entertainment Event1	$32,853	EntertainmentEvent1Amt
Other Direct Expenses Event1	$2,035	OtherDirectExpensesEvent1Amt
Gross Receipts Total	$242,401	GrossReceiptsTotalAmt
Charitable Contributions Tot	$207,513	CharitableContributionsTotAmt
Gross Revenue Total Events	$34,888	GrossRevenueTotalEventsAmt
Entertainment Total Events	$32,853	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$2,035	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$34,888	DirectExpenseSummaryEventsAmt
Net Income Summary	$0	NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	FUND-RAISING EVENTS	FormAndLineReferenceDesc
Explanation	PRATT INSTITUTE CONTINUED TO EXPERIENCE CHANGES TO ITS OPERATIONS AS A RESULT OF THE COVID-19 PANDEMIC. AS SUCH, DONOR-BASED REVENUES HAVE BEEN MATERIALLY IMPACTED, AS IN-PERSON FUNDRAISING EVENTS MOVED TO VIRTUAL EVENTS AND CONNECTIONS WITH DONORS TURNED TO ONLINE FORMATS. OVERALL, THE IMPACT WAS A REDUCTION OF 55% OF CONTRIBUTION REVENUE FROM FUNDRAISING EVENTS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
STUDENT FINANCIAL AID	3390	$60,113,756
HIGHER EDUCATION EMERGENCY RELIEF FUND	809	$1,723,843

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	0	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 (9 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	$621,494	$0	$0	$0	$3,810	$0	$14,250	$0	$191,886	$0	$831,440	$0	$0	$0
KIRK E PILLOW
PROVOST	$359,461	$0	$0	$0	$690	$0	$14,250	$0	$34,986	$0	$409,387	$0	$0	$0
CATHLEEN M KENNY
VP FOR FINANCE AND ADMINISTRATION	$325,116	$0	$0	$0	$1,290	$0	$14,250	$0	$44,034	$0	$384,690	$0	$0	$0
DAPHNE R HALPERN
VP OF INSTITUTIONAL ADVANCEMENT	$318,270	$0	$0	$0	$1,290	$0	$0	$0	$1,313	$0	$320,873	$0	$0	$0
JOSEPH M HEMWAY
VP OF IT AND CIO	$244,112	$0	$0	$0	$1,011	$0	$11,627	$0	$14,187	$0	$270,937	$0	$0	$0
HARRIET HARRISS
DEAN OF SCHOOL OF ARCHITECHTURE	$249,346	$0	$0	$0	$363	$0	$0	$0	$14,284	$0	$263,993	$0	$0	$0
DONNA HEILAND
ASSOCIATE PROVOST	$235,837	$0	$0	$0	$1,493	$0	$11,295	$0	$15,922	$0	$264,547	$0	$0	$0
HELEN B MATUSOW-AYRES
VP FOR STUD. AFFAIRS (THRU 06/2021)	$225,355	$0	$0	$0	$2,667	$0	$10,642	$0	$3,172	$0	$241,836	$0	$0	$0
RICHARD A SARRACH
FACULTY TRUSTEE	$169,519	$0	$0	$0	$148	$0	$6,222	$0	$44,465	$0	$220,354	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	HOUSING ALLOWANCE: PRATT INSTITUTE PROVIDES HOUSING TO THE PRESIDENT, FRANCES BRONET (BEGINNING JANUARY 2019). 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).	ExplanationTxt

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	$5,135,000	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 2021; 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	2	ContributionCnt
Noncash Contributions Rpt F990	$11,735	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	FURNITURE	Desc
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$48,839	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	1	Form8283ReceivedCnt
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 (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
IMPACT OF COVID-19 PANDEMIC	DURING FISCAL YEAR 2020/2021, THE INSTITUTE CONTINUED TO EXPERIENCE CHANGES TO ITS OPERATIONS AS A RESULT OF THE COVID-19 PANDEMIC. FALL 2020 ENROLLMENT IS APPROXIMATELY 15% LOWER THAN THE FALL 2019 ENROLLMENT LEVEL. GIVEN THIS DECLINE IN STUDENT HEADCOUNT AND AN ABSENCE OF ROOM AND BOARD REVENUE, THE INSTITUTE DEVELOPED AN OPERATING BUDGET FOR FISCAL 2021 THAT REFLECTS REDUCTIONS IN BOTH PERSONNEL AND NON-PERSONNEL EXPENDITURES. ONE OF THE DORMS WAS OPEN FOR THE SPRING AND SUMMER SEMESTER WITH ESTABLISHED AND APPROVED PROCEDURES TO ACCOMMODATE STUDENTS WHO BECAME INFECTED DURING THE SEMESTER. AT PRESENT, THE INSTITUTE EXPECTS IT WILL CONTINUE TO MEET ALL DEBT SERVICE OBLIGATIONS AS THEY BECOME DUE, FINANCIAL COVENANTS AND MAINTAIN SUFFICIENT CASH FLOW TO SUPPORT OPERATIONS. FALL 2021 INSTRUCTION IS BEING DELIVERED PRIMARILY FACE TO FACE WITH A LIMITED NUMBER OF COURSES IN A HYBRID OR ONLINE FORMAT. TOTAL ENROLLMENT EXCEEDS PRE-PANDEMIC LEVELS AND THE RESIDENCE HALLS HAVE REOPENED TO HOUSE STUDENTS ON CAMPUS. SIMILAR TO FISCAL YEAR 2019/20, THE INSTITUTE EXPECTS TO MEET DEBT SERVICE OBLIGATIONS AS THEY BECOME DUE AND SATISFY ALL FINANCIAL COVENANTS. FORM 990, PART I AND PART III, LINE 1 ORGANIZATION'S MISSION: 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, PROGRAM SERVICE ACCOMPLISHMENTS:	INSTRUCTION: THE COMMISSION ON HIGHER EDUCATION IS AN INSTITUTIONAL ACCREDITING AGENCY RECOGNIZED BY THE US SECRETARY OF EDUCATION AND THE COMMISSION ON RECOGNITION OF POSTSECONDARY ACCREDITATION. PRATT OFFERS 6 ASSOCIATE, 27 UNDERGRADUATE DEGREE, AND 36 GRADUATE DEGREE PROGRAMS IN ART & DESIGN, ARCHITECTURE, LIBERAL ARTS & SCIENCES (UNDERGRADUATE), INFORMATION & LIBRARY SCIENCE (GRADUATE) AND CENTER FOR CONTINUING & PROFESSIONAL STUDIES. IT OFFERS, PRE-COVID, AN AVERAGE OF 23 STUDY ABROAD AND INTERNATIONAL EXCHANGE PROGRAMS IN MORE THAN A DOZEN LOCATIONS INCLUDING ROME, FLORENCE, MILAN, COPENHAGEN, LONDON AND TOKYO. IN ADDITION, PRATT PROVIDES STUDENTS WITH OPPORTUNITIES TO ENROLL IN FOUR DUAL DEGREE PROGRAMS. IT ALSO OFFERS SEVEN PROGRAMS LEADING TO AN ADVANCED CERTIFICATE AWARD: ART & DESIGN EDUCATION, ARCHIVES PROGRAMS, LIBRARY & INFORMATION SPECIALIST AND MUSEUM LIBRARIES, MINOR PROGRAMS IN CONSTRUCTION MANAGEMENT, CULTURAL STUDIES AND HISTORY OF ART & DESIGN. IT 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. PRATT INSTITUTE'S OFFICIAL ENROLLMENT FOR THE FY2020-21 WAS 4,158 STUDENTS. UNDERGRADUATE (2,940 STUDENTS) -ART: 785 -DESIGN: 1,164 -ARCHITECTURE: 712 -LIBERAL ARTS & SCIENCES: 138 -ASSOCIATE DEGREE PROGRAMS: 80 -DUAL DEGREES: 0 -NON-MATRIC/PRE-COLLEGE - HIGH SCHOOL PROGRAM: 61 GRADUATE (1,218 STUDENTS) -ART: 300 -DESIGN: 359 -ARCHITECTURE: 286 -INFORMATION SCIENCE: 232 -LAS: 30 -DUAL DEGREES: 11 *DEGREES - 1,433 -ASSOCIATE'S DEGREE: 44 -BACHELOR'S DEGREE: 763 -MASTER'S DEGREE: 626 PRATT INSTITUTE'S SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES (SCPS) PROVIDES HIGH-QUALITY CREDIT AND NON-CREDIT COURSES AND PROGRAMS TO THE NONTRADITIONAL STUDENT IN A VARIETY OF SUBJECTS FOR EDUCATIONAL ADVANCEMENT, CAREER CHANGE, AND ENRICHMENT. INCLUDED IN ITS PROGRAMS IS THE PRECOLLEGE PROGRAM THAT PROVIDES HIGH SCHOOL STUDENTS WITH A RIGOROUS COLLEGE LEVEL ART, DESIGN AND CREATIVE THINKING COURSES, MODELED AFTER PRATT INSTITUTE'S UNDERGRADUATE OFFERINGS. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: ACADEMIC SUPPORT: SCHOLARSHIPS ARE VITAL TO FOSTERING THE UNIQUE ABILITIES OF THE MORE THAN 3,600 TALENTED YOUNG MEN AND WOMEN ENROLLED AT PRATT, THE MAJORITY OF WHOM WOULD OTHERWISE BE UNABLE TO BENEFIT FROM THE WORLD-CLASS, CUTTING EDGE EDUCATION THAT THE INSTITUTE OFFERS. CURRENTLY, OVER 80% OF PRATT STUDENTS RECEIVE SOME FORM OF FINANCIAL AID. SCHOLARSHIPS PROVIDE THESE STUDENTS WITH MEANINGFUL SUPPORT THAT ENABLE THEM TO PURSUE THEIR EDUCATION WHILE REDUCING THEIR FINANCIAL BURDENS. PRATT INSTITUTE'S ENDOWED FACULTY DEVELOPMENT FUNDS PROVIDE INCREASED RESOURCES FOR THE COMPETITIVELY AWARDED ANNUAL GRANTS THAT NOT ONLY ADVANCE PRATT FACULTY MEMBERS' RESEARCH AND CREATIVE INTERESTS BUT ALSO STRENGTHEN THE INSTITUTE'S CURRICULUM OVERALL. WITH THE SUPPORT OF THESE FUNDS, PRATT FACULTY CAN UNDERTAKE RESEARCH AND PROJECTS TO ADVANCE THE CURRICULUM AND THEIR FIELDS, EXPLORE NEW DIRECTIONS IN TEACHING, AND INSPIRE NEW INTERDISCIPLINARY WORK THAT WILL CONTRIBUTE TO THE LEARNING ENVIRONMENT. SPECIFIC ACTIVITIES MIGHT INCLUDE STUDIO PROJECTS, PUBLICATIONS, TRAVEL, RESEARCH, AND CROSS-DISCIPLINARY COURSES AND STUDIES BY FACULTY TEAMS. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: AUXILIARY ENTERPRISES: THE INSTITUTE MANAGES AND MAINTAINS NUMEROUS DORMITORIES ON AND OFF CAMPUS AND TOWNHOUSES THAT PROVIDE HOUSING FOR PRATT STUDENTS. INCLUDED ALSO IN THE AUXILIARY ENTERPRISE IS THE MANAGEMENT OF THE STUDENT MEAL PLAN PROGRAM, AND ACTIVITY RESOURCE CENTER ACTIVITIES WHICH ARE PRIMARILY MAINTAINED FOR THE USE AND CONVENIENCE OF STUDENTS, FACULTY AND STAFF.
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 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 2021 FORM 990, CALENDAR YEAR 2020 COMPENSATION IS REPORTED.
FORM 990, PART XI, LINE 9:	OTHER NON-OPERATING RECONCILING ITEMS -41,427. POSTRETIREMENT-RELATED CREDIT DUE TO NEGATIVE PLAN AMENDMENT 40,837,038. NET PERIODIC PENSION BENEFIT OTHER THAN SERVICE COSTS 25,178,315. LOSS ON DEBT REFINANCING -4,359,894.