Civic Intelligence

Pratt Institute

990 • Fiscal year 2018 • EIN 11-1630822

Jul 01, 2017 to Jun 30, 2018 • Filed on May 06, 2019

200 Willoughby AveBrooklyn, NY 11205

(718) 636-3600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.42x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

1.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

51st percentile

5.6%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

69th percentile

$1,408,121

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

57th percentile

4.6%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

5.0%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$675,447,195

Up $29,620,968 (+4.6%) from 2017

Net Assets

Up

$390,693,106

Up $32,987,928 (+9.2%) from 2017

Liabilities

Down

$284,754,089

Down $3,366,960 (-1.2%) from 2017

Revenue

Up

$271,536,991

Up $12,820,309 (+5.0%) from 2017

Expenses

Up

$256,346,094

Up $12,269,766 (+5.0%) from 2017

Net Income

Up

$15,190,897

Up $550,543 (+3.8%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $428,041,415Liabilities 2010: $196,181,175Net Assets 2010: $231,860,2402010Assets 2011: $464,001,860Liabilities 2011: $198,114,612Net Assets 2011: $265,887,2482011Assets 2012: $473,072,054Liabilities 2012: $209,797,625Net Assets 2012: $263,274,4292012Assets 2013: $507,551,541Liabilities 2013: $210,576,276Net Assets 2013: $296,975,2652013Assets 2014: $541,597,642Liabilities 2014: $224,872,303Net Assets 2014: $316,725,3392014Assets 2015: $589,021,614Liabilities 2015: $257,439,239Net Assets 2015: $331,582,3752015Assets 2016: $609,410,718Liabilities 2016: $280,146,683Net Assets 2016: $329,264,0352016Assets 2017: $645,826,227Liabilities 2017: $288,121,049Net Assets 2017: $357,705,1782017Assets 2018: $675,447,195Liabilities 2018: $284,754,089Net Assets 2018: $390,693,1062018Assets 2019: $705,331,204Liabilities 2019: $294,705,816Net Assets 2019: $410,625,3882019Assets 2020: $710,606,804Liabilities 2020: $272,782,899Net Assets 2020: $437,823,9052020Assets 2021: $755,027,216Liabilities 2021: $210,997,589Net Assets 2021: $544,029,6272021Assets 2022: $719,648,583Liabilities 2022: $203,628,647Net Assets 2022: $516,019,9362022Assets 2023: $747,993,021Liabilities 2023: $203,315,422Net Assets 2023: $544,677,5992023Assets 2024: $797,600,847Liabilities 2024: $209,017,461Net Assets 2024: $588,583,3862024

Highlighted filing

2018

Assets$675,447,195
Liabilities$284,754,089
Net Assets$390,693,106

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$200M$0-$200MExpenses 2010: $163,069,1532010Expenses 2011: $173,437,6852011Expenses 2012: $186,290,4702012Revenue 2013: $212,561,841Expenses 2013: $196,374,853Net Income 2013: $16,186,9882013Revenue 2014: $225,537,459Expenses 2014: $209,426,225Net Income 2014: $16,111,2342014Revenue 2015: $230,848,565Expenses 2015: $214,791,958Net Income 2015: $16,056,6072015Revenue 2016: $238,303,902Expenses 2016: $227,018,850Net Income 2016: $11,285,0522016Revenue 2017: $258,716,682Expenses 2017: $244,076,328Net Income 2017: $14,640,3542017Revenue 2018: $271,536,991Expenses 2018: $256,346,094Net Income 2018: $15,190,8972018Revenue 2019: $296,432,262Expenses 2019: $270,527,701Net Income 2019: $25,904,5612019Revenue 2020: $285,423,262Expenses 2020: $278,924,366Net Income 2020: $6,498,8962020Revenue 2021: $241,236,103Expenses 2021: $246,568,890Net Income 2021: -$5,332,7872021Revenue 2022: $327,213,974Expenses 2022: $300,881,089Net Income 2022: $26,332,8852022Revenue 2023: $337,685,018Expenses 2023: $322,568,276Net Income 2023: $15,116,7422023Revenue 2024: $398,081,898Expenses 2024: $335,539,448Net Income 2024: $62,542,4502024

Highlighted filing

2018

Revenue$271,536,991
Expenses$256,346,094
Net Income$15,190,897
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 6, 2019
Return Version
2017v2.3
Gross Receipts
$337,464,016
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$274,857,863$285,107,243▲ $10,249,380
Investments Other Securities$89,182,568$136,976,319▲ $47,793,751
Investments in Publicly Traded Securities$104,165,174$127,394,016▲ $23,228,842
Savings and Temporary Cash Investments$142,032,681$82,422,107▼ $59,610,574
Cash and Non-Interest-Bearing Accounts$15,478,443$22,100,351▲ $6,621,908
Investments Program Related$11,948,189$12,768,937▲ $820,748
Pledges and Grants Receivable$4,773,437$3,821,847▼ $951,590
Accounts Receivable$2,084,335$2,782,208▲ $697,873
Prepaid Expenses and Deferred Charges$1,303,537$2,074,167▲ $770,630
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$645,826,227$675,447,195▲ $29,620,968
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$138,696,988$135,850,182▼ $2,846,806
Other Liabilities$99,073,062$98,541,822▼ $531,240
Accounts Payable and Accrued Expenses$30,555,646$30,476,820▼ $78,826
Unsecured Notes Loans Payable$10,739,534$11,193,074▲ $453,540
Deferred Revenue$9,055,819$8,692,191▼ $363,628
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$288,121,049$284,754,089▼ $3,366,960
Net Assets / Fund Balance
Unrestricted Net Assets$273,656,469$301,488,861▲ $27,832,392
Permanently Rstr Net Assets$50,272,194$50,814,727▲ $542,533
Temporarily Rstr Net Assets$33,776,515$38,389,518▲ $4,613,003
Total Net Assets Fund Balance$357,705,178$390,693,106▲ $32,987,928
Total Liabilities and Net Assets / Fund Balance$645,826,227$675,447,195▲ $29,620,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$231,276,374$134,363,068$365,639,442
Other Land Buildings$28,634,770-$28,634,770
Equipment$4,097,543$20,798,864$24,896,407
Land$21,098,556-$21,098,556
Other Securities$17,278,662--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$173,082,446$8,153,664▲ $15,437,271-$193,639,407
2016$150,985,228$2,758,244▲ $22,054,389-$173,082,446
2015$152,178,643$7,707,959▼ $5,594,111-$150,985,228
2014$150,738,871$1,464,457▲ $2,055,627-$152,178,643
2013$121,301,643$1,211,592▲ $29,701,932-$150,738,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas F Schutte End 0617President and Trustee-$349,901$1,058,220$1,408,121
Kirk E PillowPROVOST; INTERIM PRESIDENTFT$403,177$33,895$437,072
Cathleen M KennyVP for Finance and AdminFT$318,315$44,401$362,716
Joan B MccormickVP of Instl AdvancementFT$301,664$15,275$316,939
Judith AaronVP for EnrollmentFT$267,767$32,279$300,046
Joseph M HemwayVP of It and CIOFT$236,841$43,293$280,134
Andrew W BarnesDean Sch of Lib. Arts & SciFT$225,945$52,100$278,045
Donna HeilandAssoc. ProvostFT$235,802$25,441$261,243
Mark ParsonsFaculty Trustee-$150,512$44,549$195,061
Peter BarnaProvost (end 08/15)-$159,475$26,698$186,173
Tracie MorrisFaculty Trustee-$123,210$27,009$150,219
Mahogany L BrowneRecent Graduate Trustee-$35,057-$35,057
Christina BarreiroUndergraduate Student Trustee-$8,357-$8,357

Board Members and Trustees

NameTitle
Bruce J GitlinChair of the Board
Frances Bronet Start 0118President and Trustee
Mike PrattVice Chair of the Board
Robert H SiegelVice Chair of the Board
Peggy Robles-alvaradoGraduate Student Trustee
Emily Ahn LevyRecent Graduate Trustee
Amy CappellazzoTrustee
Anne H Van IngenTrustee
Anne N EdwardsTrustee
Christopher D ShyerTrustee
David O PrattTrustee
Gary S HattemTrustee
June KellyTrustee
Katharine L MckennaTrustee
Kathryn C ChenaultTrustee
Kurt AndersenTrustee
Mark D StumerTrustee
Michael ZetlinTrustee
Ralph PucciTrustee
Stan RichardsTrustee
Adam D TihanyTrustee (end 03/18)
Diana WegeTrustee (end 03/18)
David S MackTrustee (end 06/18)
Susan HakkarainenTrustee (end 06/18)
Deborah J BuckTrustee (end 09/17)
Juliana C TerianTrustee (end 10/17)
Dr Joshua L SmithSecretary
Howard S SteinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lpciminelli INCConstruction2421 MAIN STREET, Buffalo, NY 14214$5,894,241
Avi Food Systems INCFood Services2590 ELM ROAD NE, Warren, OH 44483$5,015,964
Shawmut Design and ConstructionConstruction560 Harrison Avenue, Boston, MA 02118$3,999,653
Tishman Construction Corp Of NyConstruction100 Park Avenue 5th Fl, New York, NY 10017$1,895,646
Addressing ServicesPrinting Services9 Clayton Drive, Dix Hills, NY 11746$1,834,929
Revenue and Support

Revenue Composition

Contributions and Grants
$8,523,103
Program Service Revenue
$249,915,421
Investment Income
$8,226,482
Other Revenue
$4,871,985
All Other Contributions
$4,057,107
Change in Net Assets
$15,190,897

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded31$215,592Fair Market Value (FMV)
Other Non Cash Contri Table70$55,000Fair Market Value (FMV)
Total Noncash Contributions101$270,592-

Audited Revenue Reconciliation

Revenue per Audited Statements
$271,332,801
Revenue Not Reported on Financial Statements
$204,190
Revenue Not Reported on Form 990
$-49,682,888
Other Revenue Adjustments
$-763,622
Total Revenue per Audited Statements
$221,649,913
Total Revenue per Form 990
$271,536,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$131,789,711
Other Expenses$65,477,342
Grants and Similar Amounts Paid$59,015,204
Total Fundraising Expense$2,832,315
Professional Fundraising Fees$63,837

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,699,330$14,294,239$1,968,693$92,962,262
Grants to Domestic Individuals$59,015,204--$59,015,204
Other Employee Benefits$22,775,609$4,244,626-$27,020,235
Depreciation Depletion$10,752,495$2,003,912-$12,756,407
Office Expenses$7,303,354$1,361,106$124,014$8,788,474
Fees for Services Other$7,354,602$1,370,657$49,008$8,774,267
Occupancy$6,392,874$1,191,422-$7,584,296
Payroll Taxes$5,682,653$1,059,060-$6,741,713
Interest$3,764,552$701,589-$4,466,141
Advertising$2,688,578$501,063$122,687$3,312,328
Pension Plan Contributions$2,715,392$506,060-$3,221,452
Conferences and Meetings$1,679,008$312,912$185,571$2,177,491
Current Officers, Directors, Trustees, and Key Employees$1,554,366$289,683-$1,844,049
Travel$1,192,817$222,302$61,879$1,476,998
Information Technology$992,017$184,879$130,280$1,307,176
Insurance$926,869$172,738-$1,099,607
Fees for Service Investment Mgmnt Fees-$967,812-$967,812
All Other Expenses$555,721$103,567$93,314$752,602
Other Expenses$739,500$487,103$60$739,500
Fees for Services Legal$444,988$82,931-$527,919
Fees for Services Accounting$188,942$35,213-$224,155
Fees for Services Professional Fundraising--$63,837$63,837
Fees for Services Lobbying-$46,060-$46,060
Total Functional Expenses$222,260,261$31,253,518$2,832,315$256,346,094

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$256,346,094
Expenses per Audited Statements$196,363,078
Total Expenses per Audited Statements$188,661,985
Expenses Not Reported on Financial Statements$59,983,016
Other Expense Adjustments$59,015,204
Expenses Not Reported on Form 990$-7,701,093
International Activity

International Summary

Offices
1
Employees
3
Spending
$11,743,598

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$11,362,942
Europe (Including Iceland and Greenland)Program ServicesInstructional13$380,656
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$402,462
Fundraising Gross Income$105,905
Professional Fundraising Fees$63,837
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pratt Legends$742,488$66,020$31,148$34,872
Creativespirit$156,520$19,045$45,659$-26,614
Total Events$1,060,433$105,905$402,462$-296,557
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Post Retirement Ben Oblig$90,424,676
U.s. Government Grants Refundable$8,117,146

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADASNY - Series 2015A2015-01-07$82,585,148Refd 09a&b purch dorm rnvtn
BDasny - Series 20162016-06-08$61,336,413Refund 2009c, construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$82,585,148$39,715,696$3,690,000$1,040,452
B$61,336,413$45,493,499$1,090,000$767,914

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

Family relationship: mike pratt, david o. Pratt, and anne h. Van ingen have a family relationship.

Form 990, Part VI, Line 11

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, Line 12

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, 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, 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. Form 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 2018 form 990, calendar year 2017 compensation is reported. President bronet's tenure as president began in 2018; therefore, no compensation is reported on this return.

Filing and Contact Details

Filer

Filer Name
Pratt Institute
EIN
11-1630822
In Care Of
% THOMAS NAWABI
Phone
7186363600
Address
200 WILLOUGHBY AVE, BROOKLYN, NY 11205

Signing Officer

Name
Cathleen M Kenny
Title
VP Finance and Admin
Phone
7186363600
Signed
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Bronet
Formed
1887
Legal Domicile
Ny
Voting Board Members
26
Independent Board Members
22
Employees
4,286
Volunteers
28

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
Devin L Duncan
Phone
2127589700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Lines 7A & 7B

Net unrelated business taxable income line 7b includes unrelated business taxable income from qualified transportation fringe benefits (irc section 512(a)(7)). These amounts are not revenue, and therefore, are not reported on form 990, part viii. 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

Statement of program service accomplishments: line 4a: instruction: ---------------------- pratt offers 23 undergraduate degree and 32 graduate degree programs in art & design, architecture, liberal arts & sciences (undergraduate), information & library science (graduate) and center for continuing & professional studies. It offers more than 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 eight dual degree programs. It also offers nine 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 fy2017-18 was 4,829 students. *undergraduate (3,412 students) -art: 932 -design: 1,466 -architecture: 703 -liberal arts & sciences: 163 -associate degree programs: 132 -pre-college - high school program: 16 *graduate (1,377 students) -art: 343 -design: 390 -architecture: 368 -information & library science: 186 -las: 70 -dual degrees: 20 *non-matric: 10 *exchange students: 30 degrees 1,388 -associate's degree: 52 -bachelor's degree: 754 -master's degree: 549 -post-baccalaureate certificate: 33 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

Statement of program service accomplishments: line 4b: academic support: -------------------------- scholarships are vital to fostering the unique abilities of the more than 4,000 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

Statement of program service accomplishments: line 4c: public service: ------------------------ 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 and communities. 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. Below are three major grant projects that savi exchanged in for the fiscal year: tcs k-12: pratt's spatial analysis and visualization initiative (savi) has received a pratt center k-12 research fellowship to partner with tata consulting services (tcs) and design and pilot a 13-week curriculum for grades 7-8 that focuses on data, gis, and storytelling through maps. This project will build on tcs's existing technology awareness program, goit, which targets 6th-8th grade classrooms in urban areas that are underserved in the technology field. Goit is implemented internationally in 27 u.s. States and 3 canadian provinces and plans to offer this gis mapping curriculum next year to all participating schools. Savi and tcs collaborated closely in developing a modular curriculum that reflects goit's outcomes of tech awareness, as well as principles of gis, mapping, and social justice. Usfs: savi was awarded approximately $99,000 from the usda forest service to partner with the usda forest service's new york city urban field station (nyc usfs) to present the exhibit "who takes care of new york city?" in the queens museum this september. The exhibition will feature artists whose work aligns with the themes of community-based stewardship, civic engagement, and social infrastructure, including works by two nyc usfs artists-in-residence, matthew jensen and julia oldham. The nyc urban field station, a partnership between the usda forest service, the nyc department of parks & recreation, and the natural areas conservancy, has a mission to improve quality of life in urban areas by conducting and supporting research about social-ecological systems and natural resource management. Nag: expanding on past works with an additional funding award of approximately $27,000 from the new york state department of environmental conservation, savi has once again partnered with the north brooklyn neighbors (nbn) to update and build upon the existing online map-based community organizing tool, the nag toxicity map. The original had been lauded as an effective means for community participants and stakeholders to both understand key environmental issues and then take these issues and connect them back to their personal lives. The next iteration

Form 990, Part III

Statement of program service accomplishments: line 4d: other program services: -------------------------------- 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. Pratt student union reopening in may of 2018 on the brooklyn campus. The student union is a place for the pratt community to gather, study, relax, and innovate. Features a main space with stadium seating and projector capability with the capacity to hold over 250 people. The student union houses three conference rooms, complete with video displays. Fy17/18 saw the completion of phase one of the construction of a 10 story residence dorm for first year students, located on emerson place. Each dorm floor will offer 24 students double room accommodation and 10 single use bathroom facilities arranged around a large central floor lounge with kitchenettes. Successful move and space renovation for the graduate communications design department in the design center building located on the brooklyn campus. Previously they were housed in manhattan. 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. The institute manages and maintains numerous dormitories on and off campus and townhouses that provide housing for pratt students. In fy17/18, the renovated student center was opened, and construction continued on the new emerson dormitory. 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. Academic grants received $49,650 grant from the institute of museum and library sciences. The school of information developed dadalytics, a modular tool that performs supervised entity extraction from cultural heritage documents for generating linked open datasets. The funds supported the research and data gathering needed to inform the redesign and re-engineering of the tool, including an environmental scan, a series of meetings with key stakeholders, and the development of the prototype. $30,000 funding from the new york state department of environmental conservation. Pratt's design department contributed to the pilot program,

Form 990, Part XI, Line 9

Other changes in net assets or fund balance: adjustment to contributions receivable (215,680) other reconciling items (40,806) postretirement related changes 8,505,521 ------------- total 8,249,035 =============

Financial Statement Notes

Part III, Line 4

WORKS OF ART: The works of art, historical treasures, sculptures or similar assets acquired or accessioned into the Institutes collections or items, are generally available at the Institute for study and inspection by the general public or educational purposes. Founded in 1887, Pratt Institute is a global leader in higher education dedicated to preparing its 4,600 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 earnings from endowment funds are used to provide scholarships to students, fund capital expenditures and 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 2018 or 2017.

Reconciliation of Revenue Per Audited Financial Statements to Form 990

PART XI, LINE 2D: SCHOLARSHIPS $ (59,015,204) ADJUSTMENT TO CONTRIBUTIONS RECEIVABLE (215,680) ------------- Total $(59,230,884) ============= PART XI, LINE 4B: RENTAL EXPENSES $ (361,160) FUNDRAISING EVENT EXPENSES (402,462) ------------- Total $ (763,622) ============= RECONCILIATION OF EXPENSE PER AUDITED FINANCIAL STATEMENTS TO FORM 990

PART XII, LINE 2D:

RENTAL EXPENSES $ 361,160 FUNDRAISING EVENT EXPENSES 402,462 POSTRETIREMENT BENEFIT COST (8,505,521) OTHER RECONCILING ITEMS 40,806 ------------ Total $(7,701,093) ============= PART XII, LINE 4B: SCHOLARSHIPS $59,015,204 =============

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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2644450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2726869
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3243656
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3332902
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3428958
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3551608
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3624550
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3742333
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3814668
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt39918690
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4024997
IRS990/Form990PartVIISectionAGrp/PersonNm0FRANCES BRONET START 0118
IRS990/Form990PartVIISectionAGrp/PersonNm1BRUCE J GITLIN
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE PRATT
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT H SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm4DR JOSHUA L SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5HOWARD S STEIN
IRS990/Form990PartVIISectionAGrp/PersonNm6KURT ANDERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7DEBORAH J BUCK
IRS990/Form990PartVIISectionAGrp/PersonNm8AMY CAPPELLAZZO
IRS990/Form990PartVIISectionAGrp/PersonNm9KATHRYN C CHENAULT
IRS990/Form990PartVIISectionAGrp/PersonNm10ANNE N EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN HAKKARAINEN
IRS990/Form990PartVIISectionAGrp/PersonNm12GARY S HATTEM
IRS990/Form990PartVIISectionAGrp/PersonNm13JUNE KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID S MACK
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHARINE L MCKENNA
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVID O PRATT
IRS990/Form990PartVIISectionAGrp/PersonNm17RALPH PUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm18STAN RICHARDS
IRS990/Form990PartVIISectionAGrp/PersonNm19CHRISTOPHER D SHYER
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK D STUMER
IRS990/Form990PartVIISectionAGrp/PersonNm21JULIANA C TERIAN
IRS990/Form990PartVIISectionAGrp/PersonNm22ADAM D TIHANY
IRS990/Form990PartVIISectionAGrp/PersonNm23ANNE H VAN INGEN
IRS990/Form990PartVIISectionAGrp/PersonNm24DIANA WEGE
IRS990/Form990PartVIISectionAGrp/PersonNm25MICHAEL ZETLIN
IRS990/Form990PartVIISectionAGrp/PersonNm26MARK PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm27TRACIE MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm28PEGGY ROBLES-ALVARADO
IRS990/Form990PartVIISectionAGrp/PersonNm29CHRISTINA BARREIRO
IRS990/Form990PartVIISectionAGrp/PersonNm30MAHOGANY L BROWNE
IRS990/Form990PartVIISectionAGrp/PersonNm31EMILY AHN LEVY
IRS990/Form990PartVIISectionAGrp/PersonNm32CATHLEEN M KENNY
IRS990/Form990PartVIISectionAGrp/PersonNm33KIRK E PILLOW
IRS990/Form990PartVIISectionAGrp/PersonNm34JUDITH AARON
IRS990/Form990PartVIISectionAGrp/PersonNm35ANDREW W BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm36DONNA HEILAND
IRS990/Form990PartVIISectionAGrp/PersonNm37JOSEPH M HEMWAY
IRS990/Form990PartVIISectionAGrp/PersonNm38JOAN B MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm39THOMAS F SCHUTTE END 0617
IRS990/Form990PartVIISectionAGrp/PersonNm40PETER BARNA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26150611
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27123350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt298357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3035057
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$798$209$589$398$336$62.5
2023Detailed filing. Detailed filing data is available for this year.$748$203$545$338$323$15.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$720$204$516$327$301$26.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$755$211$544$241$247$5.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$711$273$438$285$279$6.50
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$705$295$411$296$271$25.9
2018Detailed filing. Detailed filing data is available for this year.$675$285$391$272$256$15.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$646$288$358$259$244$14.6
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$609$280$329$238$227$11.3
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$589$257$332$231$215$16.1
2014Detailed filing. Detailed filing data is available for this year.$542$225$317$226$209$16.1
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$508$211$297$213$196$16.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$473$210$263$186
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$464$198$266$173
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$428$196$232$163