2019-04-24T14:05:56-05:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 271763901 PRAGER UNIVERSITY FOUNDATION PRAG 7472512005 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS CA 91403 MARISSA STREIT CEO 7472512005 2019-04-24 1 FRANK H SMITH P00639053 2022274000 2019-04-24 47.19.127.190 2019-04-24 14:05:50 ED P DF096FB5E3178F1734EA5D8DEC20210D56857276 5A5EF588F1FD1486F2A951F54772A5295840024A 2018 2019-02-21 02:37:17Z MARISSA STREIT 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS CA 91403 28463620 0 X WWW.PRAGERU.COM X 2010 VA PRODUCTION AND PROMOTION OF ONLINE VIDEOS OF AN EDUCATIONAL NATURE. 10 10 44 2117 117817 122762 10238171 17942046 0 8580 170474 119232 -25085 529684 10383560 18599542 0 0 0 0 1730965 3210488 0 29315 1323437 6624647 9672117 8355612 12911920 2027948 5687622 8382392 15788191 391566 1180168 7990826 14608023 X PUBLIC CHARITY THAT WILL BE CARRYING ON PROGRAMS. THE PRIMARY PROGRAMS WILL BE ONLINE VIDEOS OF AN EDUCATIONAL NATURE. 0 0 10619286 53592 PRAGER UNIVERSITY FOUNDATION (THE FOUNDATION) SEEKS TO CREATE A BETTER UNDERSTANDING AND APPRECIATION OF THE UNIQUE AMERICAN JUDEO-CHRISTIAN VALUE SYSTEM BY LEVERAGING THE VIRAL POWER OF THE INTERNET WITH CONTENT - RICH, VISUALLY COMPELLING COURSES. THE FOUNDATION PRODUCES FIVE-MINUTE VIDEOS WHICH MAKE KEY CONCEPTS ACCESSIBLE, UNDERSTANDABLE AND FUN. THE RESULT IS A WHOLE NEW APPROACH TO HIGHER EDUCATION - THE FIVE-MINUTE UNIVERSITY. THROGUH VIDEO PRODUCTION AND MARKETING WE: - EDUCATE THE PUBLIC ON CORE AMERICAN VALUES. - SUPPORT ONGOING EDUCATIONAL ACTIVITY AS DETERMINED BY THE BOARD OF DIRECTORS. 10619286 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 38 0 1 44 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 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 NO 552 SHERMAN OAKS CA 91403 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 JON FRANCIS DIRECTOR - UNTIL 08/2018 1.00 X 0 0 0 WILLIAM HERREID III DIRECTOR 1.00 X 0 0 0 BOB HUTT DIRECTOR 1.00 X 0 0 0 RICHARD LEDERER DIRECTOR 1.00 X 0 0 0 BARAK LURIE DIRECTOR 1.00 X 0 0 0 MARTY WATKINS DIRECTOR 1.00 X 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 30.00 X X 200000 0 0 MARISSA STREIT CEO 40.00 X 397864 0 0 DENNIS PRAGER PRESIDENT AND FOUNDER 40.00 X 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 40.00 X 183715 0 4260 LAYNE THRASHER - AS OF 0418 CHIEF FINANCIAL OFFICER 40.00 X 137500 0 4936 ROBERT KUNS - AS OF 0618 CHIEF CREATIVE OFFICER 40.00 X 125579 0 5026 1044658 0 14222 5 0 1 0 FACEBOOK INC 1 HACKER WAY MENLO PARK CA 94025 ONLINE MEDIA SERVICES 1200928 ICONIC EVENT STUDIOS 1861 SUNSET PLAZA DRIVE LOS ANGELES CA 90069 EVENT PLANNING SERVICES 618861 GOOGLE 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 ONLINE MEDIA SERVICES 612388 ACTIVE ENGAGEMENT 113 EAST MARKET STREET SUITE 300 LEESBURG VA 20176 PARTNERSHIP/LEAD GENERATION 266803 KANSAS & BROOKLYN 26500 AGOURA ROAD SUITE 600 CALABASAS CA 91302 CONSULTING 237500 14 1109650 16832396 813935 17942046 HONORARIA 900099 8580 8580 8580 118632 118632 1170297 1170297 8860035 8859435 600 600 600 145900 1109650 949342 -803442 -803442 100313 55301 45012 45012 ADVERTISING 541800 117817 117817 117817 18599542 53592 117817 486087 1296380 608108 370608 317664 1643044 1140071 202881 300092 102400 49996 29888 22516 168664 116936 40252 11476 79638 3217 76421 25718 25718 29315 29315 977302 741359 15277 220666 7368626 7133993 234633 456828 368221 20332 68275 169132 169132 155778 63948 91830 170766 102138 16616 52012 55245 2350 16728 36167 388 388 MERCHANDISE 119817 119817 MISCELLANEOUS 62095 31474 30621 DUES AND SUBSCRIPTIONS 30270 30270 LOSS ON DISPOSAL OF FA 514 514 12911920 10619286 969197 1323437 4255266 7620722 600274 4245218 0 3106636 20000 0 0 142911 0 514 3461226 624197 45112 48507 8382392 15788191 391566 955168 0 225000 391566 1180168 X 7990826 12158023 0 2450000 7990826 14608023 8382392 15788191 5687622 -13975 943550 0 X 0 1 X 1 0 X 1742255 3572330 5443688 11181721 17942046 39882040 1742255 3572330 5443688 11181721 17942046 39882040 5234856 34647184 40624 63567 107029 100808 1289529 1601557 103067 103067 41586664 736036 0.83310 0.80040 X 0 X 20580032 -13975 1045637 948828 1980490 18599542 0 18599542 14906385 1045637 948828 1994465 12911920 0 12911920 PART X, LINE 2: THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER31, 2018, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 949,342. LOSS ON DISPOSAL OF FIXED ASSETS -514. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 949,342. LOSS ON DISPOSAL OF FIXED ASSETS -514. X X X X X X X 1 AMERICAN PHILANTHROPIC LLC 18 N CHURCH STREET SUITE 2 WEST CHESTER PA 19380 FUNDRAISING CONSULTING 0 300000 29315 270685 300000 29315 270685 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 GALA/ANNUAL DINNER 787344 754644 32700 55492 2879 429100 THE SUMMIT 247431 179481 67950 10535 98854 88047 1 220775 175525 45250 39344 110230 18750 96111 1255550 1109650 145900 49879 264576 109676 525211 949342 -803442 X X X X X 0 0 0 1 0 0 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 200000 0 0 0 0 0 0 0 0 0 200000 0 0 0 MARISSA STREIT CEO 275000 0 122864 0 0 0 0 0 0 0 397864 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 160000 0 23715 0 0 0 0 0 4260 0 187975 0 0 0 PART I, LINE 5 CRAIG STRAZZERI, CHIEF MARKETING OFFICER, RECEIVES 0.9% OF ONLINE FUNDRAISING. MARISSA STREIT, CHIEF EXECUTIVE OFFICER, RECEIVES 1.25% OF FUNDRAISING WITH AN ANNUAL AMOUNT NOT TO EXCEED $400,000. KANSAS & BROOKLYN ENTITY OWNED BY DENNIS PRAGER 237500 KANSAS & BROOKLYN RECEIVED $237,500 FOR CONSULTING SERVICES PERFORMED BY DENNIS PRAGER, FOUNDER AND PRESIDENT. 0 PALM TREE CONSULTING ENTITY OWNED BY DAVID PRAGER, FAMILY RELATIONSHIP WITH DENNIS PRAGER 155700 PALM TREE CONSULTING RECEIVED $155,700 FOR CONSULTING SERVICES PERFORMED BY DAVID PRAGER, WHO HAS A FAMILY RELATIONSHIP WITH DENNIS PRAGER, FOUNDER AND PRESIDENT. 0 X 53 813935 FMV 0 1 1 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2018. 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. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS INITIALLY REVIEWED BY CFO, CEO, AND EXECUTIVE DIRECTOR. IT IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR THE 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 OTHER OFFICERS IS DONE BY THE BOARD OF DIRECTORS, OFTEN IN CONJUNCTION WITH A PROFESSIONAL SEARCH FIRM. SALARY SURVEYS, EXPERT KNOWLEDGE, AND CANDIDATE EXPERIENCE ARE KEY DETERMINANTS OF THE CEO AND EXECUTIVE DIRECTOR'S SALARY. THE LAST COMPENSATION STUDY WAS CONDUCTED IN NOVEMBER 2018. FORM 990, PART VI, SECTION C, LINE 19 PRAGER UNIVERSITY FOUNDATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, FINANCIAL STATEMENTS, FEDERAL FORMS 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.