2023-05-12T12:05:32-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 111630822 PRATT INSTITUTE PRAT 7186363600 200 WILLOUGHBY AVE BROOKLYN NY 11205 CATHLEEN KENNY VP OF FINANCE/ADMINISTRATION 7186363600 2023-05-12 1 CATHLEEN KENNY XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z FRANCES BRONET 200 WILLOUGHBY AVE BROOKLYN NY 11205 385343644 0 X WWW.PRATT.EDU X 1887 NY TO EDUCATE ARTISTS AND CREATIVE PROFESSIONALS TO BE RESPONSIBLE CONTRIBUTORS TO SOCIETY. 30 24 3619 0 670438 0 14096414 19402109 209628118 291995892 16667479 14038765 844092 1777208 241236103 327213974 61837599 84367431 0 0 128063627 143192093 0 0 4067598 56667664 73321565 246568890 300881089 -5332787 26332885 755027216 719648583 210997589 203628647 544029627 516019936 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 176780094 84367431 267882717 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) 29779617 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) 28726413 0 20798045 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. 24174761 2644692 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 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 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 A MAJOR 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 MOST NETWORKED 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. 24174761 2644692 259460885 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 1 462 0 3619 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 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 735438 0 244071 FARZAM YAZDANSETA ACT. ASSOC. CHAIR (AS OF 07/2021) 1.00 0.00 X 111585 0 21008 MARIA SIEIRA FACULTY TRUSTEE (AS OF 07/2021) 1.00 0.00 X 73986 0 4838 RICHARD A SARRACH FACULTY TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 173569 0 46043 DONNA MORAN FACULTY TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 106510 0 16417 CHANICE HUGHES-GREENBERG REC. GRAD TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 0 0 0 KEVIN WONG RECENT GRADUATE TRUSTEE 1.00 0.00 X 0 0 0 AUBREY AMENT GRAD STUD TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 0 0 0 AMBER LIU UNDERGR. STUD TRUST(THRU 06/30/2022) 1.00 0.00 X 420 0 0 BRUCE J GILTIN CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 MIKE PRATT VICE CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 GARY S HATTEM VICE CHAIR 1.00 0.00 X X 0 0 0 ANNE E EDWARDS SECRETARY 1.00 0.00 X X 0 0 0 HOWARD S STEIN TREASURER 1.00 0.00 X X 0 0 0 DERICK ADAMS TRUSTEE 1.00 0.00 X 0 0 0 KURT ANDERSEN TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 0 0 0 KATHRYN C CHENAULT TRUSTEE 1.00 0.00 X 0 0 0 SHARON GAUCI TRUSTEE 1.00 0.00 X 0 0 0 JUNE KELLY TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 0 0 0 DAVID KIM TRUSTEE 1.00 0.00 X 0 0 0 KATHARINE L MCKENNA TRUSTEE 1.00 0.00 X 0 0 0 DAVID O PRATT TRUSTEE 1.00 0.00 X 0 0 0 MARK D STUMER TRUSTEE 1.00 0.00 X 0 0 0 ANNE H VAN INGEN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL ZETLIN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM HILSON TRUSTEE 1.00 0.00 X 0 0 0 DR JOAN FALLON TRUSTEE 1.00 0.00 X 0 0 0 STORAE MICHELE STUDENT TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 DECLAN MULLIGAN STUDENT TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 KATHRYN MILLER STUDENT TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 KIRK E PILLOW PROVOST (THRU 07/2021) 35.00 0.00 X 312634 0 42035 CATHLEEN M KENNY VP FOR FINANCE AND ADMINISTRATION 35.00 0.00 X 336923 0 50322 DONNA HEILAND ASSOC. PROVOST (THRU 07/21)/PROVOST 35.00 0.00 X 267143 0 24983 DAPHNE R HALPERN VP OF INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 322122 0 12124 HARRIET HARRISS DEAN OF SCHOOL OF ARCHITECTURE 35.00 0.00 X 250495 0 24725 ANITA COONEY DEAN - SCHOOL OF DESIGN 35.00 0.00 X 242195 0 62896 JOSEPH M HEMWAY VP OF IT & CIO 35.00 0.00 X 252014 0 23562 RICHARD LONGO VP FOR ENROLLMENT MANAGEMENT 35.00 0.00 X 126992 0 20980 HELEN B MATUSOW-AYRES FORMER VP FOR STUD. AFFAIRS 0.00 0.00 X 159167 0 4242 3471193 0 598246 211 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES 229 WEST 36TH STREET NEW YORK NY 10018 SECURITY 2105804 KING ROSE CONSTRUCTION 307 W 38TH ST 1801 NEW YORK NY 10018 CONSTRUCTION 1071742 SHR GROUP INC 529 5TH AVE NEW YORK NY 10017 CONSTRUCTION 515610 CULLEN AND DYKMAN LLP 100 QUENTIN ROOSEVELT BLVD GARDEN CITY NY 11530 LEGAL 439457 ALARMINGLY AFFORDABLE INC 1860 CLOVE ROAD STATEN ISLAND NY 10304 SECURITY 425942 36 294283 11146035 7961791 700644 19402109 TUITION & FEES 900099 267882717 267882717 AUXILIARY ENTERPRISES 451211 21468483 20798045 670438 RELATED STUD. ACCT REV 900099 2602410 2602410 STUDENT DEF PLAN 900099 42282 42282 291995892 3911727 3911727 36010 36010 670438 276171 394267 394267 394267 67915886 57788848 10127038 10127038 10127038 0 294283 64651 -64651 -64651 PRATT RESEARCH CENTER 900099 604420 604420 REBATE/COMMISSION 900099 377357 377357 INSURANCE SETTLEMENT 900099 296343 296343 133462 133462 1411582 327213974 291325454 670438 15815973 84367431 84367431 1608557 1285351 323206 107427368 90689461 14030564 2707343 3687767 2994077 693690 22929976 18950374 3979602 7538425 6121955 1284548 131922 758957 616121 129554 13282 166539 135237 28387 2915 157717 157717 1163465 1163465 5418308 5214271 186665 17372 26074 21167 4451 456 22565226 16384832 5439978 740416 4274333 1135305 3102056 36972 2234927 1712425 490058 32444 1079839 788097 135919 155823 1471633 1046005 196975 228653 4339027 3410337 928690 11112448 10051104 1061344 2345279 1455729 889550 REPAIRS & MAINTENANCE 4884711 3956463 928248 MEAL PLAN COSTS 4733175 3795612 937563 OFFICE EXPENSES-EQUIP. 3827155 2669028 1158127 CAPITAL EXPENSES 2054634 1952385 102249 708118 708118 300881089 259460885 37352606 4067598 62845395 54291618 14454523 16614453 5196768 4569236 3080181 4003701 9062455 7950007 1630719 1289617 513210790 206486595 310605799 306724195 280782979 255126398 64226270 65665643 3142127 3413715 755027216 719648583 23837447 25614099 10091082 12201617 54177306 52463798 75870359 74163259 10245479 9675010 36775916 29510864 210997589 203628647 X 417922849 402272845 126106778 113747091 544029627 516019936 755027216 719648583 X 26332885 -60516593 6174017 X 0 1 X 1 1 1 X 8523103 15006966 11013321 14096414 19402109 68041913 8523103 15006966 11013321 14096414 19402109 68041913 6495372 61546541 4469187 7697538 5095789 7121869 4618175 29002558 0 0 0 0 26749 26749 5141336 2448733 1390384 542935 1411582 10934970 108006190 1282955188 0.56980 0.50360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2017 AMOUNT: $ 5,035,431. 2018 AMOUNT: $ 2,334,809. 2019 AMOUNT: $ 1,344,909. 2020 AMOUNT: $ 508,047. 2021 AMOUNT: $ 1,411,582. SPECIAL EVENTS - 2017 AMOUNT: $ 105,905. 2018 AMOUNT: $ 113,924. 2019 AMOUNT: $ 45,475. 2020 AMOUNT: $ 34,888. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 17426 0 1 140291 157717 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 2022 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. 210000 1111000 X X X 0 276660449 4505971 43610888 5104364 232451168 213394218 2266902 64324393 3325064 276660449 205216465 757455 10539979 3119681 213394218 193639407 831183 13669275 2923400 205216465 173082446 8153664 15437271 3033974 193639407 0.61300 0.27060 0.11640 0 0 21098556 21098556 454786999 179599506 275187493 29455800 26887089 2568711 7869435 7869435 306724195 LIMITED PARTNERSHIPS 44993573 F ALTERNATIVE INVESTMENTS 20672070 F 65665643 ACCRUED POST RETIREMENT BENEFIT OBLIGATION 18221496 CONDITIONAL ASSET RETIREMENT OBILIGATIONS 3999403 U.S. GOVERNMENT GRANTS REFUNDABLE 3649550 OPERATING LEASE LIABILITIES 3640415 29510864 X 181507307 -60516593 -84367431 -144884024 326391331 1163465 -340822 822643 327213974 221865032 6514839 6514839 215350193 1163465 84367431 85530896 300881089 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 5,100 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 257 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 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS -84,367,431. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII -276,171. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE -64,651. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII 276,171. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE 64,651. OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,533,170. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -7,359,153. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS 84,367,431. 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 1 3 PROGRAM SERVICES INSTRUCTIONAL 120193 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 29787883 1 3 0 0 1 3 29908076 0 29908076 1 0 1 1 1 1 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. PRATT LEGENDS 294283 294283 51500 13151 294283 294283 51500 13151 64651 -64651 1 STUDENT FINANCIAL AID 3860 80456954 HIGHER EDUCATION EMERGENCY RELIEF FUND 152 3910477 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 0 0 0 0 0 0 0 0 0 FRANCES BRONET PRESIDENT AND TRUSTEE 731628 0 0 0 3810 0 14500 0 229571 0 979509 0 0 0 CATHLEEN M KENNY VP FOR FINANCE AND ADMINISTRATION 335633 0 0 0 1290 0 10484 0 39838 0 387245 0 0 0 KIRK E PILLOW PROVOST (THRU 07/2021) 312069 0 0 0 565 0 10086 0 31949 0 354669 0 0 0 DAPHNE R HALPERN VP OF INSTITUTIONAL ADVANCEMENT 320832 0 0 0 1290 0 11030 0 1094 0 334246 0 0 0 ANITA COONEY DEAN - SCHOOL OF DESIGN 240721 0 0 0 1474 0 9056 0 53840 0 305091 0 0 0 DONNA HEILAND ASSOC. PROVOST (THRU 07/21)/PROVOST 265501 0 0 0 1642 0 10220 0 14763 0 292126 0 0 0 JOSEPH M HEMWAY VP OF IT & CIO 251007 0 0 0 1007 0 9420 0 14142 0 275576 0 0 0 HARRIET HARRISS DEAN OF SCHOOL OF ARCHITECTURE 250133 0 0 0 362 0 4535 0 20190 0 275220 0 0 0 RICHARD A SARRACH FACULTY TRUSTEE (THRU 06/30/2022) 173421 0 0 0 148 0 4995 0 41048 0 219612 0 0 0 HELEN B MATUSOW-AYRES FORMER VP FOR STUD. AFFAIRS 157729 0 0 0 1438 0 3943 0 299 0 163409 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). A DASNY - SERIES 2016 146000293 64990BR70 2016-06-08 61336413 REFUND 2009C, CONSTRUCTION 0 0 0 A 6580000 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 2 210000 FMV X 35000 FMV X 7 374634 FMV X FURNITURE 1 81010 FMV 3 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 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 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 22 SEMESTER WAS 5,262 (3,701 UNDERGRADUATES AND 1,560 GRADUATE STUDENTS). 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 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 2022 FORM 990, CALENDAR YEAR 2021 COMPENSATION IS REPORTED. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS 13,533,170. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST -7,359,153.