2020-06-08T10:57:10-05:00 2019-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-01-01 271763901 PRAGER UNIVERSITY FOUNDATION PRAG 7472512005 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS CA 91403 MARISSA STREIT CEO 7472512005 2020-06-08 1 FRANK H SMITH P00639053 2022274000 2020-06-08 144.121.95.190 2020-06-08 09:26:32 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F4C2D576246414DCF4A8347EDC3E11E193B17C66 2019 2020-11-19 02:30:22Z MARISSA STREIT 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS CA 91403 36769692 0 X WWW.PRAGERU.COM X 2010 VA WE EDUCATE THE PUBLIC ON CORE AMERICAN VALUES THROUGH THE USAGE OF EDUCATIONAL VIDEO CONTENT. 9 9 45 7348 174190 151741 17942046 22372603 8580 54146 119232 265684 529684 1115327 18599542 23807760 0 0 0 0 3210488 4313837 29315 0 1999392 9672117 12753143 12911920 17066980 5687622 6740780 15788191 22527558 1180168 1137681 14608023 21389877 PUBLIC CHARITY THAT WILL BE CARRYING ON PROGRAMS. THE PRIMARY PROGRAMS WILL BE ONLINE VIDEOS OF AN EDUCATIONAL NATURE. 0 0 13674959 194513 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 DIGITAL CONTENT. THE FOUNDATION MAKES KEY CONCEPTS ACCESSIBLE, UNDERSTANDABLE AND FUN. THE RESULT IS A WHOLE NEW APPROACH TO HIGHER EDUCATION AS WE PROMOTE WHAT IS TRUE, WHAT IS EXCELLENT AND WHAT IS NOBLE, THROUGH DIGITAL MEDIA. OUR VISION IS A WORLD COMMITTED TO LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS. 13674959 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 58 0 1 45 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 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 WILLIAM HERREID III DIRECTOR - UNTIL 12/2019 1.00 X 0 0 0 BOB HUTT DIRECTOR 1.00 X 0 0 0 BARAK LURIE DIRECTOR 1.00 X 0 0 0 ANNE E MOUNSEY DIRECTOR 1.00 X 0 0 0 MARTY WATKINS DIRECTOR 1.00 X 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 30.00 X 250000 0 0 MARISSA STREIT CEO 40.00 X 494285 0 3254 DENNIS PRAGER PRESIDENT AND FOUNDER 40.00 X 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 40.00 X 312927 0 18873 LAYNE THRASHER CHIEF FINANCIAL OFFICER 40.00 X 223501 0 14999 ROBERT KUNS CHIEF CREATIVE OFFICER - UNTIL 04/2019 40.00 X 85610 0 6060 DAVID PRAGER VP, DEVELOPMENT 40.00 X 148750 0 600 CHRISTOPHER POWELL VP, PRODUCTION 40.00 X 113597 0 11690 MIKE LAVERY VP, OUTREACH 40.00 X 105877 0 13071 LUCY WERNER DIRECTOR OF CLUBS AND MEMBERSHIPS 40.00 X 102500 0 1000 1837047 0 69547 8 0 1 0 FACEBOOK INC 1 HACKER WAY MENLO PARK CA 94025 MEDIA/MARKETING 3633880 GOOGLEYOUTUBE 901 CHERRY AVENUE SAN BRUNO CA 94066 MEDIA/MARKETING 3173229 CANDACE OWENS 455 MASSACHUSETTS AVENUE NW 245 WASHINGTON DC 20001 PRESENTER/SHOW HOST 445626 RICHARD NORMAN COMPANY 113 EAST MARKET STREET SUITE 300 LEESBURG VA 20176 MASS MAILER MARKETING SERVICES 420243 ACTIVE ENGAGEMENT 113 EAST MARKET STREET SUITE 300 LEESBURG VA 20176 LEAD GENERATION 317002 12 27424 777781 21567398 1323792 22372603 HONORARIA 900099 54146 54146 54146 165977 165977 1376352 1376352 12206711 12107004 99707 99707 99707 137850 777781 713432 -575582 -575582 281863 141496 140367 140367 ADVERTISING 541800 174190 174190 174190 23807760 194513 174190 1066454 X 1409509 922240 362885 124384 2125866 992950 463552 669364 138354 75302 37010 26042 172887 75768 21804 75315 467221 281276 52694 133251 42381 1707 40674 24741 24741 7847 7847 2408839 2221610 16492 170737 8403871 8144067 259804 648748 458730 104088 85930 168810 131740 37070 135237 135237 286332 187821 30590 67921 151175 600 35133 115442 8389 8389 44023 22640 11861 9522 UBI TAXES 71124 71124 MERCHANDISE 220690 22522 198168 DUES AND SUBSCRIPTIONS 82438 82438 MISCELLANEOUS 48230 749 21039 26442 268 268 17066980 13674959 1392629 1999392 7620722 10536601 4245218 5714751 3106636 1976032 142911 277460 40260 8389 0 31871 624197 3927633 48507 63210 15788191 22527558 955168 1137681 225000 0 1180168 1137681 X 12158023 19342507 2450000 2047370 14608023 21389877 15788191 22527558 6740780 41074 0 X 0 1 X 1 0 X 3572330 5443688 11181721 17942046 22372603 60512388 3572330 5443688 11181721 17942046 22372603 60512388 4544914 55967474 63567 107029 100808 1289529 1542329 3103262 104067 157440 261507 63877157 1209895 0.87620 0.83310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40260 8389 31871 31871 X 25177143 41074 622724 713432 1377230 23799913 7847 7847 23807760 18395289 622724 713432 1336156 17059133 7847 7847 17066980 PART X, LINE 2: THE FOUNDATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2019, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 713,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 713,432. THE SUMMIT 627650 521000 106650 84621 223088 87500 44223 ORANGE COUNTY EVENT 150500 138050 12450 18417 26096 5815 1 137481 118731 18750 86940 84423 50000 2309 915631 777781 137850 189978 333607 137500 52347 713432 -575582 X X X X X 1 0 0 1 0 0 0 0 0 ALLEN ESTRIN EXECUTIVE DIRECTOR 250000 0 0 0 0 0 0 0 0 0 250000 0 0 0 MARISSA STREIT CEO 494285 0 0 0 0 0 3254 0 0 0 497539 0 0 0 CRAIG STRAZZERI CHIEF MARKETING OFFICER 193570 0 119357 0 0 0 7974 0 10899 0 331800 0 0 0 LAYNE THRASHER CHIEF FINANCIAL OFFICER 200001 0 23500 0 0 0 8043 0 6956 0 238500 0 0 0 PART I, LINE 4A ROBERT KUNS, CHIEF CREATIVE OFFICER, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $25,952. PART I, LINE 5 CRAIG STRAZZERI, CHIEF MARKETING OFFICER, RECEIVED BONUSES BASED ON LEVELS OF ONLINE FUNDRAISING. THIS COMPENSATION STRUCTURE WAS DISCONTINUED AS OF DECEMBER 2019. KANSAS & BROOKLYN ENTITY OWNED BY DENNIS PRAGER 301667 KANSAS & BROOKLYN RECEIVED $301,667 FOR CONSULTING SERVICES PERFORMED BY DENNIS PRAGER, FOUNDER AND PRESIDENT. 0 PALM TREE CONSULTING ENTITY OWNED BY DAVID PRAGER, FAMILY RELATIONSHIP WITH DENNIS PRAGER 38700 PALM TREE CONSULTING RECEIVED $38,700 FOR CONSULTING SERVICES PERFORMED BY DAVID PRAGER, WHO HAS A FAMILY RELATIONSHIP WITH DENNIS PRAGER, FOUNDER AND PRESIDENT. 0 X 33 1323792 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, 2019. 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 THE CFO, CEO, AND EXECUTIVE DIRECTOR. IT IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR 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. FORM 990, PART IX, LINE 11G PRODUCTION: PROGRAM SERVICE EXPENSES 2,127,093. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,127,093. FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 170,737. TOTAL EXPENSES 170,737. PRODUCTION AND MARKETING: PROGRAM SERVICE EXPENSES 94,517. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,517. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,492. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,492.