2025-05-13T10:25:06-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 111630822 PRATT INSTITUTE PRAT 7186363600 200 WILLOUGHBY AVE BROOKLYN NY 11205 CATHLEEN KENNY VP OF FINANCE/ADMINISTRATION 7186363600 2025-05-13 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z FRANCES BRONET 200 WILLOUGHBY AVE BROOKLYN NY 11205 430716419 0 X WWW.PRATT.EDU X 1887 NY TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. 23 19 4548 0 685742 0 13050013 14679954 312458739 313117665 10810481 68415148 1365785 1869131 337685018 398081898 84087058 82677299 0 0 159134765 168652558 0 0 3656394 79346453 84209591 322568276 335539448 15116742 62542450 747993021 797600847 203315422 209017461 544677599 588583386 X THE MISSION OF PRATT INSTITUTE IS TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. FOR MORE INFORMATION, SEE SCHEDULE O. 0 0 187979135 82677299 286916672 INSTRUCTION: PRATT INSTITUTE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AN INSTITUTIONAL ACCREDITING AGENCY RECOGNIZED BY THE US SECRETARY OF EDUCATION AND THE COMMISSION ON RECOGNITION OF POSTSECONDARY ACCREDITATION. THE INSTITUTE OFFERS 5 ASSOCIATE, 27 UNDERGRADUATE, AND 36 GRADUATE DEGREE PROGRAMS IN ART, DESIGN, ARCHITECTURE, LIBERAL ARTS AND SCIENCES, AND INFORMATION AND LIBRARY SCIENCES (GRADUATE LEVEL ONLY). (SEE CONTINUATION IN SCHEDULE O) 38199535 0 0 ACADEMIC SUPPORT: THE INSTITUTE PROVIDES FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS TO OVER 80% OF STUDENTS. THIS ASSISTANCE IS VITAL TO FOSTERING THE UNIQUE ABILITIES OF THE TALENTED INDIVIDUALS ENROLLED AT PRATT, THE MAJORITY OF WHOM WOULD OTHERWISE BE UNABLE TO BENEFIT FROM THE WORLD-CLASS, CUTTING EDGE EDUCATION THE INSTITUTE OFFERS. (SEE CONTINUATION IN SCHEDULE O) 29948727 0 25000175 AUXILIARY ENTERPRISES: THE INSTITUTE MANAGES AND MAINTAINS MULTIPLE RESIDENCE HALLS WHICH PROVIDE HOUSING FOR PRATT STUDENTS. AUXILIARY ENTERPRISES ALSO INCLUDE MANAGEMENT OF THE STUDENT MEAL PROGRAM AND ATHLETIC CENTER ACTIVITIES WHICH ARE PRIMARILY MAINTAINED FOR THE USE AND CONVENIENCE OF STUDENTS, FACULTY AND STAFF. 28804089 0 1200818 STUDENT SERVICES:EXPENSES INCURRED FOR STUDENT' ACTIVITIES AND EVENTS BY THE FOLLOWING DEPARTMENTS: ADMISSIONS, REGISTRAR, BURSAR, FINANCIAL AID, ATHLETICS, INTERNATIONAL AFFAIRS, HEALTH & COUNSELING, CAREER SERVICES AND OTHER STUDENT SUPPORT. THE STUDENT AFFAIRS DIVISION PROVIDES PROGRAMS ANDSERVICES THAT PROMOTE STUDENT PERSONAL AND PROFESSIONAL DEVELOPMENT, FOSTERS A CAMPUS ENVIRONMENT THAT IS CONDUCIVE TO STUDENT LEARNING AND ADVOCATES FOR AND SUPPORTS STUDENTS AS THEY MEET ACADEMIC AND PERSONAL CHALLENGES. THE OFFICE OF INTERNATIONAL AFFAIRS PROVIDES SERVICES TO INTERNATIONAL STUDENTS FROM OVER 75 COUNTRIES AS WELL AS J-1 EXCHANGE VISITORS, EXCHANGE STUDENTS, PROFESSORS, AND SCHOLARS. THE OFFICE IS RESPONSIBLE TO ENSURE THE INSTITUTE'S COMPLIANCE WITH REQUIREMENTS OF THE DEPARTMENT OF HOMELAND SECURITY AND DEPARTMENT OF STATE.INSTITUTIONAL SUPPORT:INCLUDES EXPENDITURES PRIMARILY INCURRED BY THE OFFICES OF SECURITY, STRATEGIC PLANNING, INSTITUTIONAL RESEARCH, INFORMATION TECHNOLOGY, MARKETING, FINANCE, AND OTHER GENERAL EXPENSES OF THE INSTITUTION.OPERATION AND MAINTENANCE OF PLANT:INCLUDES EXPENSES FOR THE MAINTENANCE AND UPKEEP OF BUILDINGS, MANAGEMENT AND SUPPORT OF THE OPERATIONS OF PHYSICAL PLANT FACILITIES, UTILITIES, CLEANING AND OTHER RELATED FUNCTIONS, CAPITAL RENOVATION AND DEFERRED MAINTENANCE PROJECTS. THE INSTITUTE IS CURRENTLY UNDERGOING AMAJOR UPGRADE TO ITS AGING STEAM PLANT IN ORDER TO REDUCE CARBON EMISSIONS AND COMPLY WITH LOCAL CARBON REDUCTION REQUIREMENTS.PUBLIC SERVICE:THE INSTITUTE PLAYS AN ACTIVE ROLE IN COMMUNITY-BASED PLANNING AND RESEARCH PROGRAMS THAT EMPOWER LOCAL RESIDENTS AND BUSINESSES TO DEVELOP ROBUST URBAN CENTERS IN WHICH TO WORK, PLAY AND LIVE. COMMUNITY BASED PROGRAMS INCLUDE THE LONG-RUNNING SATURDAY ART SCHOOL AND PRATT YOUNG SCHOLARS PROGRAM. SERVICES OF THE SPATIAL ANALYSIS AND VISUALIZATION LAB ARE AVAILABLE TO THE COMMUNITY AND REGULARLY PROVIDES GIS TECHNICAL ASSISTANCE TO NEW YORK CITY-BASED NONPROFIT, CIVIC, AND COMMUNITY-BASED PLANNING ORGANIZATIONS. SAVI MAINTAINS A DATABASE OF SPATIAL AND INFORMATIONAL DATA SETS, AVAILABLE FOR PUBLIC USE ON MOSTNETWORKED COMPUTERS ON THE BROOKLYN CAMPUS. PRATT CENTER FOR COMMUNITY DEVELOPMENT: ESTABLISHED IN 1963, THE CENTER WORKS FOR A MORE SUSTAINABLE AND EQUITABLE CITY IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS, SMALL BUSINESSES, AND POLICYMAKERS. 28804089 0 1200818 284931486 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 478 0 1 4548 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X CATHLEEN KENNY 7186363784 200 WILLOUGHBY AVE BROOKLYN NY 11205 X FRANCES BRONET PRESIDENT AND TRUSTEE 35.00 0.00 X X 955807 0 69192 ALEX LIEBERGESELL FACULTY TRUSTEE (AS OF 07/2023) 5.00 0.00 X 117694 0 20243 KARIN TEHVE FACULTY TRUSTEE (AS OF 07/2023) 5.00 0.00 X 116102 0 21543 BRYNN ANDERSON RECENT GRAD. TRUSTEE (AS OF 07/2023) 5.00 0.00 X 0 0 0 LUCY PIDCOCK GRAD. STUD. TRUSTEE (AS OF 07/2023) 5.00 0.00 X 0 0 0 AVA SCOTT RECENT GRAD. TRUSTEE 5.00 0.00 X 0 0 0 ADEM WIJEWICKREMA UNDERGR. STUD. TRUS. (AS OF 07/2023) 5.00 0.00 X 8231 0 0 GARY S HATTEM CHAIR OF BOARD 5.00 0.00 X X 0 0 0 MIKE PRATT VICE CHAIR OF THE BOARD 5.00 0.00 X X 0 0 0 ANNE E EDWARDS SECRETARY 5.00 0.00 X X 0 0 0 HOWARD S STEIN TREASURER 5.00 0.00 X X 0 0 0 DERRICK ADAMS TRUSTEE 5.00 0.00 X 0 0 0 KATHRYN C CHENAULT TRUSTEE 5.00 0.00 X 0 0 0 DR JOAN FALLON TRUSTEE 5.00 0.00 X 0 0 0 SHARON GAUCI TRUSTEE 5.00 0.00 X 0 0 0 BRUCE J GILTIN TRUSTEE 5.00 0.00 X 0 0 0 WILLIAM HILSON TRUSTEE 5.00 0.00 X 0 0 0 DAVID KIM TRUSTEE 5.00 0.00 X 0 0 0 KATHARINE L MCKENNA TRUSTEE 5.00 0.00 X 0 0 0 DAVID O PRATT TRUSTEE 5.00 0.00 X 0 0 0 MARK D STUMER TRUSTEE 5.00 0.00 X 0 0 0 ANNE H VAN INGEN TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL ZETLIN TRUSTEE 5.00 0.00 X 0 0 0 CATHLEEN M KENNY VP FOR FINANCE AND ADMINISTRATION 35.00 0.00 X 367720 0 61546 DONNA HEILAND PROVOST 35.00 0.00 X 351909 0 34083 ANITA COONEY DEAN - SCHOOL OF DESIGN 35.00 0.00 X 255654 0 62365 JOSEPH M HEMWAY VP OF IT & CIO 35.00 0.00 X 276784 0 31090 JESSICA TALLMAN INTERIM VP FOR INSTITUTIONAL ADV. 35.00 0.00 X 289362 0 35371 RICHARD LONGO VP FOR ENROLLMENT MANAGEMENT 35.00 0.00 X 292057 0 59817 DAPHNE R HALPERN VP OF INSTITU. ADV. (THRU 05/2023) 0.00 0.00 X 290184 0 11082 MARIA SIEIRA FORMER FACULTY TRUSTEE 0.00 0.00 X 98655 0 5698 FARZAM YAZDANSETA FORMER FACULTY TRUSTEE 0.00 0.00 X 118269 0 53506 KIRK E PILLOW FORMER PROVOST 0.00 0.00 X 195089 0 53042 3733517 0 518578 322 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES 229 WEST 36TH STREET NEW YORK NY 10018 SECURITY 3295260 CULLEN AND DYKMAN LLP 333 EARLE OVINGTON BLVD 2ND FL UNIONDALE NY 11553 LEGAL 2230359 ZUBATKIN OWNER REPRESENTATION LLC 1250 BROADWAY 10TH FL NEW YORK NY 10001 PROJECT MANAGEMENT 1455228 PROQUEST LLC 6216 PAYSPHERE CIRCLE CHICAGO IL 60674 RESEARCH SERVICES 649143 GRANT THORNTON 757 THIRD AVENUE 9TH FL NEW YORK NY 10017 AUDITING & ACCOUNTING SERVICES 451996 18 470172 4038091 10171691 545450 14679954 TUITION & FEES 900099 286003745 286003745 AUXILIARY ENTERPRISES 459210 25913102 25227360 685742 RELATED STUD. ACCT REV 900099 1150416 1150416 STUDENT ENROLL. FEES 900099 50402 50402 313117665 9774448 9774448 17807 17807 691819 260184 431635 431635 431635 90845777 32205077 58640700 58640700 58640700 75600 470172 169260 -93660 -93660 PRATT RESEARCH CENTER 900099 530459 530459 REBATE/COMMISSION 900099 295445 295445 INSURANCE SETTLEMENT 900099 203708 203708 483737 483737 1513349 398081898 312431923 685742 70284279 82677299 82677299 1758751 1325058 433693 240344 240344 125947140 97680937 25500168 2766035 4094233 3323698 770535 27645776 22393079 5252697 8966314 7278854 1530550 156910 1976052 1604159 337312 34581 214120 173823 36550 3747 205092 205092 1262804 1262804 890060 722551 151933 15576 30191765 27318270 2369225 504270 5592032 4573523 961692 56817 2311208 1876239 394523 40446 1868395 1516763 318935 32697 2589461 2102125 442021 45315 4137934 3359176 778758 19278475 15650266 3628209 2548644 2068989 479655 MEAL PLAN COSTS 5408552 4390663 1017889 REPAIRS & MAINTENANCE 3113994 2527940 586054 OFFICE EXPENSES-EQUIP. 1773496 1439724 333772 CAPITAL EXPENSES 847507 688006 159501 335539448 284931486 46951568 3656394 33004743 34421800 26825387 18099985 5565994 9003034 3731775 5973647 6129967 5715488 4250996 2373278 571156638 234612837 317350842 336543801 287115864 300438515 59848308 63001970 4169145 22029329 747993021 797600847 28637548 27014507 10605983 12457527 50680291 48816784 72408618 70610513 9386270 348944 31596712 49769186 203315422 209017461 X 423001150 456153571 121676449 132429815 544677599 588583386 747993021 797600847 X 62542450 -19212448 575785 X 0 1 X 1 1 1 X 11013321 14096414 19402109 13050013 14679954 72241811 11013321 14096414 19402109 13050013 14679954 72241811 2313771 69928040 5095789 7121869 4618175 8406187 10484074 35726094 0 0 26749 148280 105151 280180 1390384 542935 1411582 1129515 1588949 6063365 114311450 1390321273 0.61170 0.58800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 1,344,909. 2020 AMOUNT: $ 508,047. 2021 AMOUNT: $ 1,411,582. 2022 AMOUNT: $ 1,068,315. 2023 AMOUNT: $ 1,513,349. SPECIAL EVENTS - 2019 AMOUNT: $ 45,475. 2020 AMOUNT: $ 34,888. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 61,200. 2023 AMOUNT: $ 75,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 17949 0 1 205085 223034 0 PART II-B, LINE 1: THE PRATT INSTITUTE UTILIZES THE SERVICES OF AN INDEPENDENT THIRD-PARTY LOBBYING CONSULTANT TO ASSIST THE INSTITUTE WITH LEGISLATION THAT BENEFITS ITS EDUCATIONAL MISSION (AS WELL AS THE PRATT CENTER). AMOUNTS PAID TO A LOBBYING CONSULTANT IN FISCAL YEAR 2024 IS $205,085 IN ADDITION, THE INSTITUTE HAS ALLOCATED A PORTION OF EMPLOYEE SALARY TIME THAT IS DEDICATED TO LOBBYING ENDEAVORS; TOTAL SALARY COSTS ATTRIBUTED TO LOBBYING ACTIVITIES IS $17,949. THE INSTITUTE IS A DUES-PAYING MEMBER TO NACUBO; A PORTION OF ITS MEMBERSHIP DUES ($35) ARE ATTRIBUTABLE TO NACUBO'S LOBBYING EFFORTS AND ARE DISCLOSED TO THE INSTITUTE IN AN ANNUAL LETTER. 1114301 X X X 0 254946282 2151288 37767504 4493805 290371269 232451168 602040 27977449 6084375 254946282 276660449 4505971 -43610888 5104364 232451168 213394218 2266902 64324393 3325064 276660449 205216465 757455 10539979 3119681 213394218 0.61930 0.22610 0.15460 0 0 21098556 21098556 508679602 204545747 304133855 33079406 30067090 3012316 8299074 8299074 336543801 LIMITED PARTNERSHIPS 49087415 F ALTERNATIVE INVESTMENTS 13914555 F 63001970 ACCRUED POST RETIREMENT BENEFIT OBLIGATION 23400536 OPERATING LEASE LIABILITIES 22452139 CONDITIONAL ASSET RETIREMENT OBILIGATIONS 3715384 U.S. GOVERNMENT GRANTS REFUNDABLE 201127 49769186 X 295358792 -19212448 -82677298 -101889746 397248538 1262804 -429444 833360 398081898 252604575 1005229 1005229 251599346 1262804 82677298 83940102 335539448 PART III, LINE 4: WORKS OF ART: THE INSTITUTE MAINTAINS A COLLECTION OF ARTWORK, HISTORICAL TREASURES, SCULPTURES, AND OTHER SIMILAR ASSETS FOR THE USE AND ENJOYMENT OF ITS STUDENTS, STAFF, VISITORS AND THE GENERAL PUBLIC. FOUNDED IN 1887, PRATT INSTITUTE IS A GLOBAL LEADER IN HIGHER EDUCATION DEDICATED TO PREPARING ITS 5,173 UNDERGRADUATE AND GRADUATE STUDENTS FOR SUCCESSFUL CAREERS IN ART, DESIGN, ARCHITECTURE, INFORMATION AND LIBRARY SCIENCE, AND LIBERAL ARTS AND SCIENCES. THE SCULPTURES AND OTHER WORKS OF ART PROVIDE A BROAD INTELLECTUAL AND CREATIVE CONTEXT FOR STUDENTS AT PRATT INSTITUTE. AS LONG AS THE INSTITUTE OWNS THE WORKS OF ART OR SIMILAR ASSETS, THE WORKS OF ART WILL BE UTILIZED BY THE INSTITUTE FOR ITS EDUCATIONAL AND CULTURAL PURPOSES, INCLUDING THE LENDING OF THE ITEMS TO MUSEUMS OPEN TO GENERAL PUBLIC, AND IN FURTHERANCE OF ITS EXEMPT PURPOSES. PART V, LINE 4: ENDOWMENT FUND: THE INSTITUTE MAINTAINS AN ENDOWMENT TO SUPPORT ITS ACADEMIC MISSION. THE INSTITUTE'S ENDOWMENT CONSISTS OF 266 INDIVIDUAL FUNDS, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS (PERMANENT ENDOWMENTS) AND AMOUNTS DESIGNATED BY THE INSTITUTE'S BOARD OF TRUSTEES (THE "BOARD") TO FUNCTION AS ENDOWMENTS. THE ENDOWMENT'S PRINCIPAL REMAINS UNTOUCHED TO PROVIDE A FOUNDATION OF ECONOMIC STABILITY, WHILE ITS EARNINGS ARE DEPLOYED TO PROVIDE STUDENT SCHOLARSHIPS, FUND CAPITAL EXPENDITURES (WHEN NEEDED) AND TO SUPPORT GENERAL OPERATING EXPENSES. PART X, LINE 2: FIN 48 (ASC 740)- TAX STATUS: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE INSTITUTE IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSES. THE INSTITUTE UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL YEARS 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS -82,677,298. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII -260,184. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE -169,260. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII 260,184. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE 169,260. OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,001,842. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -12,426,057. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS 82,677,298. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE PUBLICIZES ITS RACIAL NONDISCRIMINATORY POLICY IN NEWSPAPER ADVERTISEMENTS, STUDENT HANDBOOKS AND ON THE INSTITUTE'S WEBSITE. THE INSTITUTE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS. SCHEDULE E, PART I, LINE 6 THE INSTITUTE RECEIVES FEDERAL TITLE IV STUDENT FINANCIAL AID GRANTS FROM SEVERAL SOURCES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION, NYS BUNDY AID, NYS HEOP GRANT, NYS TAP, THE SCHOOL OF INFORMATION, LIBRARY SCIENCE, AND THE HIGHER EDUCATION EMERGENCY RELIEF FUND. EUROPE (INCLUDING ICELAND & GREENLAND) 1 3 PROGRAM SERVICES INSTRUCTIONAL 332322 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 27799942 1 3 0 0 1 3 28132264 0 28132264 1 0 1 1 1 1 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. PRATT LEGENDS 545772 470172 75600 64032 4848 100380 545772 470172 75600 64032 4848 100380 169260 -93660 1 STUDENT FINANCIAL AID 4163 82677298 PART I, LINE 2: 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. X 0 0 X X 1 0 0 0 0 0 0 0 0 FRANCES BRONET PRESIDENT AND TRUSTEE 689497 0 262500 0 3810 0 17750 0 51442 0 1024999 0 0 0 CATHLEEN M KENNY VP FOR FINANCE AND ADMINISTRATION 365740 0 0 0 1980 0 15250 0 46296 0 429266 0 0 0 DONNA HEILAND PROVOST 349909 0 0 0 2000 0 17750 0 16333 0 385992 0 0 0 RICHARD LONGO VP FOR ENROLLMENT MANAGEMENT 290112 0 0 0 1945 0 15250 0 44567 0 351874 0 0 0 JESSICA TALLMAN INTERIM VP FOR INSTITUTIONAL ADV. 289105 0 0 0 257 0 15250 0 20121 0 324733 0 0 0 ANITA COONEY DEAN - SCHOOL OF DESIGN 253958 0 0 0 1696 0 14047 0 48318 0 318019 0 0 0 JOSEPH M HEMWAY VP OF IT & CIO 274991 0 0 0 1793 0 14732 0 16358 0 307874 0 0 0 DAPHNE R HALPERN VP OF INSTITU. ADV. (THRU 05/2023) 200562 0 0 0 89622 0 10028 0 1054 0 301266 0 0 0 KIRK E PILLOW FORMER PROVOST 194310 0 0 0 779 0 13731 0 39311 0 248131 0 0 0 FARZAM YAZDANSETA FORMER FACULTY TRUSTEE 118174 0 0 0 95 0 5515 0 47991 0 171775 0 0 0 MARIA SIEIRA FORMER FACULTY TRUSTEE 98655 0 0 0 0 0 4821 0 877 0 104353 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: PRATT INSTITUTE PROVIDES HOUSING TO THE PRESIDENT, FRANCES BRONET. HOUSING IS A CONDITION OF THE PRESIDENTS' EMPLOYMENT AND IS PROVIDED FOR THE CONVENIENCE OF THE INSTITUTE, THEREFORE, IT IS NOT INCLUDED IN TAXABLE INCOME AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4A DAPHNE HALPERN RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2023 OF $88,784 THAT IS INCLUDED IN HER WAGES IN SCHEDULE J, PART II, COLUMN (B)(III). A DASNY - SERIES 2016 146000293 64990BR70 2016-06-08 61336413 REFUND 2009C, CONSTRUCTION 0 0 0 A 9750000 61336413 767914 15075000 45493499 2019 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DASNY - SERIES 2016 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2021 PART I, COLUMN (F) 2016 BOND ISSUE DESCRIPTION OF PURPOSE: (I) FULLY REDEEM OUTSTANDING SERIES 2009C BONDS, (II) CONSTRUCT AND EQUIP A ONE STORY EXPANSION OF AN ORIGINAL 9 STORY, 249 BED RESIDENTIAL FACULTY AND (III) RENOVATE AND EQUIP NINE TOWNHOUSES TO HOUSE APPROXIMATELY 54 STUDENTS. PART IV THE PRATT INSTITUTE COMMISSIONED AN ARBITRAGE REBATE CALCULATION OF ITS DASNY - SERIES 2016 BOND IN JUNE OF 2022; THE REPORT CONFIRMED THAT NO ARBITRAGE REBATE IS DUE. X 10 545450 FMV 0 1 0 PART I, COLUMN B NUMBER OF CONTRIBUTORS: THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 1 THE MISSION OF PRATT INSTITUTE IS TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. PRATT SEEKS TO INSTILL IN ALL GRADUATES AESTHETIC JUDGMENT, PROFESSIONAL KNOWLEDGE, COLLABORATIVE SKILLS, AND TECHNICAL EXPERTISE. WITH A FIRM GROUNDING IN THE LIBERAL ARTS AND SCIENCES, A PRATT EDUCATION BLENDS THEORY WITH CREATIVE APPLICATION IN PREPARING GRADUATES TO BECOME LEADERS IN THEIR PROFESSIONS. PRATT ENROLLS A DIVERSE GROUP OF HIGHLY TALENTED AND DEDICATED STUDENTS, CHALLENGING THEM TO ACHIEVE THEIR FULL POTENTIAL. FORM 990, PART III, LINE 4A INSTRUCTION: THE CENTER FOR CONTINUING AND PROFESSIONAL STUDIES PROVIDES HIGH-QUALITY CREDIT AND NON-CREDIT COURSES AND PROGRAMS TO THE NON-TRADITIONAL STUDENT IN A VARIETY OF SUBJECTS FOR EDUCATIONAL ADVANCEMENT, CAREER CHANGE, AND ENRICHMENT. THE CENTER ALSO OFFERS A PRECOLLEGE PROGRAM WHICH PROVIDES HIGH SCHOOL STUDENTS WITH RIGOROUS COLLEGE LEVEL ART, DESIGN AND CREATIVE THINKING COURSES, MODELED AFTER THE INSTITUTE'S UNDERGRADUATE OFFERINGS. THE STUDY ABROAD PROGRAM PROVIDES STUDENTS WITH THE OPPORTUNITY TO STUDY IN MORE THAN A DOZEN LOCATIONS INCLUDING ROME, FLORENCE, MILAN, COPENHAGEN, LONDON AND TOKYO. PRATT ALSO OFFERS TWO FULL-TIME ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAMS FOR INTERNATIONAL STUDENTS THAT FOCUS ON THE LANGUAGE OF ART, DESIGN AND ARCHITECTURE. OFFICIAL ENROLLMENT FOR THE FALL 24 SEMESTER WAS 2,532 (1,521 NONCREDIT, 1,011 CREDIT). FORM 990, PART III, LINE 4B ACADEMIC SUPPORT: ENDOWED FACULTY DEVELOPMENT FUNDS ARE COMPETITIVELY AWARDED ON AN ANNUAL BASIS TO ENHANCE THE RESOURCES PROVIDED FOR PRATT FACULTY. THESE GRANTS BOTH ADVANCE FACULTY RESEARCH AND STRENGTHEN THE INSTITUTE'S CURRICULUM OVERALL. FACULTY RESEARCH ENHANCES THE QUALITY OF INSTRUCTION AND INSPIRES NEW INTERDISCIPLINARY WORK THAT WILL CONTRIBUTE A RICHER LEARNING ENVIRONMENT FOR STUDENTS. FORM 990, PART VI, SECTION A, LINE 2 MIKE PRATT, DAVID O. PRATT, AND ANNE H. VAN INGEN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990: THE RETURN IS PREPARED BY AN INDEPENDENT FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN SUBMITTED TO THE CONTROLLER, VP OF FINANCE, THE FINANCE AND AUDIT COMMITTEE FOR THEIR REVIEW, AND THEN TO THE FULL BOARD OF DIRECTORS BEFORE FILING THE COMPLETED FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT PROVIDES THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE PURCHASING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 14 WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY: PRATT INSTITUTE REQUIRES THAT INSTITUTE RECORDS, REGARDLESS OF FORMAT, BE DISPOSED OF OR RETAINED FOR SPECIFIC PERIODS OF TIME IN ACCORDANCE WITH LEGAL AND/OR OTHER INSTITUTIONAL REQUIREMENTS OR FOR HISTORICAL VALUE. THE RETENTION AND DISPOSAL OF INSTITUTIONAL RECORDS POLICY IS AVAILABLE TO ALL PRATT EMPLOYEES ON THE INSTITUTE'S INTRANET AND PROVIDES DETAILED GUIDANCE WITH RESPECT TO THE RETENTION PERIODS OF SPECIFIC DOCUMENTS CREATED AND RETAINED BY OFFICES THROUGHOUT CAMPUS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION: COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF EXTERNAL COMPARABILITY DATA, REVIEW AND APPROVAL BY THE BOARD AND EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF THEIR DELIBERATIONS AND DECISIONS. THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. BASED UPON THE REVIEW, PRESIDENT'S COMPENSATION IS THEN DETERMINED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE OFFICE OF THE VP OF FINANCE OR THE CONTROLLER'S OFFICE. IN ADDITION, THE FORM 990 IS AVAILABLE AT GUIDESTAR.ORG. FROM 990, PART VII AND SCHEDULE J COMPENSATION TIMING: COMPENSATION REPORTED ON PART VII AND SCHEDULE J IS BASED ON THE CALENDAR YEAR WITHIN THE TAXPAYER'S FISCAL YEAR. FOR THIS FISCAL 2024 FORM 990, CALENDAR YEAR 2023 COMPENSATION IS REPORTED. COMPENSATION FOR INDIVIDUAL TRUSTEES THE COMPENSATION REPORTED ON PART VII-A AND/OR SCHEDULE J FOR INDIVIDUAL TRUSTEES IS NOT THE COMPENSATION EARNED FOR SERVICES RENDERED IN THEIR CAPACITY AS A DIRECTOR/TRUSTEE. INSTEAD, IT IS EARNED FOR SERVICES RENDERED IN THEIR CAPACITY AS EITHER FULL-TIME FACULTIES OR BASED ON STUDENT ASSISTANCE SERVICES. COMPENSATION FOR FORMER: THE COMPENSATION REPORTED ON PART VII-A AND/OR SCHEDULE J FOR THE FORMER OFFICER IS NOT THE COMPENSATION EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS OFFICER. INSTEAD, IT IS EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS A FULL-TIME FACULTY. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,001,842. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -12,426,057.