2026-05-14T16:08:33-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 111630822 PRATT INSTITUTE PRAT 7186363600 200 WILLOUGHBY AVE BROOKLYN NY 11205 CATHLEEN KENNY VP OF FINANCE/ADMINISTRATION 7186363600 2026-05-14 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z FRANCES BRONET 200 WILLOUGHBY AVE BROOKLYN NY 11205 405290051 0 X WWW.PRATT.EDU X 1887 NY PRATT INSTITUTE EDUCATES ARTISTS AND CREATIVE PROFESSIONALS WHO SHAPE THE WORLD WE LIVE IN. 25 22 4490 0 -82011 0 14679954 11388087 313117665 337700710 68415148 12332555 1869131 3122712 398081898 364544064 82677299 93246536 0 0 168652558 184015545 0 0 3612159 84209591 94295271 335539448 371557352 62542450 -7013288 797600847 822466310 209017461 211028873 588583386 611437437 X PRATT IS AN INSTITUTE, AN EXPERIENCE, AND AN IDEA. WHAT STARTED AS A RADICAL EXPERIMENT TO EXPAND ACCESS TO CREATIVE CAREERS IS NOW A COMMUNITY OF 5,137 GRAD AND UNDERGRAD STUDENTS WORKING ACROSS 48 PROGRAMS WITH 1,200 DEDICATED FACULTY. (CONTINUED ON SCHEDULE O). 0 0 210005053 93246536 302162048 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) 43665777 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) 34966533 0 29528325 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. 31943519 0 6010337 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 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. 31943519 0 6010337 320580882 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 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 1 697 0 1 4490 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 22 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 820526 0 76778 ALEX LIEBERGESELL FACULTY TRUSTEE (THRU 06/30/2025) 5.00 0.00 X 112237 0 22876 KARIN TEHVE FACULTY TRUSTEE (THRU 06/30/2025) 5.00 0.00 X 150275 0 25793 BRYNN ANDERSON THRU 6302025 RECENT GRADUATE TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL SCHAFLER RECENT GRAD. TRUSTEE (AS OF 03/2025) 5.00 0.00 X 0 0 0 AADITHYAN MANNARMANNAN GRAD. STUD. TRUST. (THRU 06/30/2025) 5.00 0.00 X 0 0 0 COURTNEY CHANDLER UNDER. STUD. TRUS. (THRU 06/30/2025) 5.00 0.00 X 0 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 (THRU 07/24)/TRUSTEE 5.00 0.00 X X 0 0 0 DR JOAN FALLON SECRETARY (AS OF 07/2024) 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 GILDA BARABINO TRUSTEE (AS OF 07/2024) 5.00 0.00 X 0 0 0 KATHRYN C CHENAULT TRUSTEE 5.00 0.00 X 0 0 0 SHARON GAUCI 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 DOUG C STEINER TRUSTEE (AS OF 07/2024) 5.00 0.00 X 0 0 0 MARK D STUMER TRUSTEE 5.00 0.00 X 0 0 0 MICKALENE THOMAS TRUSTEE (AS OF 07/2024) 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 378716 0 68542 DONNA HEILAND PROVOST 35.00 0.00 X 365056 0 36633 STEPHANIE COOK VP FOR INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 238820 0 54187 JOSEPH M HEMWAY VP OF IT & CIO 35.00 0.00 X 287558 0 34057 JAMES J KEMPSTER VP FOR COMMUNICATIONS AND MARKETING 35.00 0.00 X 246552 0 62287 DELMY M LENDOF VP FOR STUDENT AFFAIRS 35.00 0.00 X 237958 0 57344 RICHARD LONGO VP FOR ENROLLMENT MANAGEMENT 35.00 0.00 X 300702 0 64532 ANITA COONEY DEAN - SCHOOL OF DESIGN 35.00 0.00 X 278450 0 68926 CHRISTOPHER GAVLICK CHIEF FACILITIES OFFICER 35.00 0.00 X 255171 0 61834 JORGE OLIVER DEAN - SCHOOL OF ART 35.00 0.00 X 266435 0 32662 QUILIAN RIANO DEAN - SCHOOL OF ARCHITECTURE 35.00 0.00 X 274902 0 33062 MAIRA SEARA DEAN - SCHOOL OF PROF. STUDIES 35.00 0.00 X 242185 0 49659 KIRK E PILLOW FORMER PROVOST 0.00 0.00 X 199701 0 53040 4655244 0 802212 359 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 2896015 ZETLIN & DE CHIARA LLP 801 SECOND AVENUE NEW YORK NY 10017 LEGAL 2058061 FX COLLABORATIVE ARCHITECTS LLP 1 WILLOUGHBY SQUARE BROOKLYN NY 11201 ARCHITECTURE 1152588 CULLEN AND DYKMAN LLP 333 EARLE OVINGTON BLVD 2ND FL UNIONDALE NY 11553 LEGAL 895078 ZUBATKIN OWNER REPRESENTATION LLC 1250 BROADWAY 10TH FL NEW YORK NY 10001 PROJECT MANAGEMENT 628189 14 630217 6181254 4576616 784666 11388087 TUITION & FEES 900099 302162048 302162048 AUXILIARY ENTERPRISES 459210 29528325 29528325 RELATED STUD. ACCT REV 900099 5388028 5388028 PRATT RESEARCH CENTER 900099 570399 570399 STUDENT ENROLL. FEES 900099 51910 51910 337700710 7353574 -82011 7435585 24501 24501 706854 294154 412700 412700 412700 45213139 40234158 4978981 4978981 4978981 75600 630217 217675 -142075 -142075 INSURANCE REIMBURS. 900099 1797482 1797482 STUDENT LATE FEES 900099 223631 223631 REBATE/COMMISSION 900099 62094 62094 744379 744379 2827586 364544064 337700710 -82011 15537278 93246536 93246536 1813293 1355664 457629 261461 205356 51168 4937 136658848 107334152 26744125 2580571 4533042 3558438 974604 30526700 23963459 6563241 10222201 8024428 2003551 194222 837177 679620 142906 14651 163400 132648 27892 2860 158312 158312 390313 390313 616242 500265 105193 10784 32113393 30362942 1126683 623768 2401720 1949716 409974 42030 4244251 3445483 724494 74274 1413725 1147256 241738 24731 2247470 1824496 383643 39331 3742289 3037990 704299 14218784 11542809 2675975 2814261 2284617 529644 REPAIRS & MAINTENANCE 8784898 7131580 1653318 CAPITAL EXPENSES 2884473 2341615 542858 MEAL PLAN COSTS 2538134 2060457 477677 OFFICE EXPENSES-EQUIP. 1461605 1186531 275074 13264824 13264824 371557352 320580882 47364311 3612159 34421800 15440284 18099985 2602801 9003034 7719643 5973647 5393493 5715488 5458770 2373278 3328833 604598000 248743669 336543801 355854331 316438515 368522490 47001970 34383557 22029329 23762108 797600847 822466310 27014507 25721412 12457527 14011676 48816784 46873277 70610513 68756930 348944 49769186 55665578 209017461 211028873 X 456153571 467392943 132429815 144044494 588583386 611437437 797600847 822466310 X -7013288 29171473 695866 X 0 1 X 1 1 1 X 14096414 19402109 13050013 14679954 11388087 72616577 14096414 19402109 13050013 14679954 11388087 72616577 3214597 69401980 7121869 4618175 8406187 10484074 8166940 38797245 0 26749 148280 105151 0 280180 542935 1411582 1129515 1588949 2903186 7576167 119270169 1463479792 0.58190 0.61170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 508,047. 2021 AMOUNT: $ 1,411,582. 2022 AMOUNT: $ 1,068,315. 2023 AMOUNT: $ 1,513,349. 2024 AMOUNT: $ 2,827,586. SPECIAL EVENTS - 2020 AMOUNT: $ 34,888. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 61,200. 2023 AMOUNT: $ 75,600. 2024 AMOUNT: $ 75,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 15080 0 1 143232 158312 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 2025 IS $143,232 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 $15,080. THE INSTITUTE IS A DUES-PAYING MEMBER TO NACUBO; A PORTION OF ITS MEMBERSHIP DUES ($2,063) ARE ATTRIBUTABLE TO NACUBO'S LOBBYING EFFORTS AND ARE DISCLOSED TO THE INSTITUTE IN AN ANNUAL LETTER. 1114301 X X X 0 290371269 3487234 38946331 4224809 328580025 254946282 2151288 37767504 4493805 290371269 232451168 602040 27977449 6084375 254946282 276660449 4505971 -43610888 5104364 232451168 213394218 2266902 64324393 3325064 276660449 0.62020 0.20540 0.17440 0 0 21098556 21098556 540515812 217164788 323351024 36010094 31578881 4431213 6973538 6973538 355854331 ACCRUED POST RETIREMENT BENEFIT OBLIGATION 27548547 OPERATING LEASE LIABILITIES 24184918 CONDITIONAL ASSET RETIREMENT OBILIGATIONS 3932113 55665578 300590517 29171473 -93246536 -64075063 364665580 390313 -511829 -121516 364544064 279128198 1207695 1207695 277920503 390313 93246536 93636849 371557352 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 4,935 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 273 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 XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS -93,246,536. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII -294,154. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE -217,675. PART XII, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST 760,226. RECLASS OF RENTAL EXPENSE TO OFFSET RENTAL INCOME ON PART VIII 294,154. RECLASS OF FUNDRAISING EVENT EXPENSES TO OFFSET FUNDRAISING EVENT REVENUE 217,675. OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS -64,360. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIP EXPENSES FROM AN OFFSET TO TUITION REV. IN FINANCIALS 93,246,536. 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 540529 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 29876270 1 3 0 0 1 3 30416799 0 30416799 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 705817 630217 75600 178787 7856 31032 705817 630217 75600 178787 7856 31032 217675 -142075 1 STUDENT FINANCIAL AID 4186 93246536 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 X 0 0 0 0 0 0 0 1 0 FRANCES BRONET PRESIDENT AND TRUSTEE 734591 0 82125 0 3810 0 22869 0 53909 0 897304 0 0 0 CATHLEEN M KENNY VP FOR FINANCE AND ADMINISTRATION 376736 0 0 0 1980 0 20700 0 47842 0 447258 0 0 0 DONNA HEILAND PROVOST 361246 0 0 0 3810 0 17250 0 19383 0 401689 0 0 0 RICHARD LONGO VP FOR ENROLLMENT MANAGEMENT 298722 0 0 0 1980 0 18309 0 46223 0 365234 0 0 0 ANITA COONEY DEAN - SCHOOL OF DESIGN 274886 0 0 0 3564 0 17119 0 51807 0 347376 0 0 0 JOSEPH M HEMWAY VP OF IT & CIO 283193 0 2500 0 1865 0 17119 0 16938 0 321615 0 0 0 CHRISTOPHER GAVLICK CHIEF FACILITIES OFFICER 254085 0 0 0 1086 0 15640 0 46194 0 317005 0 0 0 JAMES J KEMPSTER VP FOR COMMUNICATIONS AND MARKETING 243502 0 0 0 3050 0 14994 0 47293 0 308839 0 0 0 QUILIAN RIANO DEAN - SCHOOL OF ARCHITECTURE 274493 0 0 0 409 0 16652 0 16410 0 307964 0 0 0 JORGE OLIVER DEAN - SCHOOL OF ART 264721 0 0 0 1714 0 16003 0 16659 0 299097 0 0 0 DELMY M LENDOF VP FOR STUDENT AFFAIRS 237402 0 0 0 556 0 15097 0 42247 0 295302 0 0 0 STEPHANIE COOK VP FOR INSTITUTIONAL ADVANCEMENT 238560 0 0 0 260 0 20000 0 34187 0 293007 0 0 0 MAIRA SEARA DEAN - SCHOOL OF PROF. STUDIES 239237 0 0 0 2948 0 14630 0 35029 0 291844 0 0 0 KIRK E PILLOW FORMER PROVOST 199222 0 0 0 479 0 12700 0 40340 0 252741 0 0 0 KARIN TEHVE FACULTY TRUSTEE (THRU 06/30/2025) 150022 0 0 0 253 0 8381 0 17412 0 176068 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 7 NON-FIXED PAYMENTS THE UNIVERSITY PRESIDENT RECEIVED A BOARD APPROVED BONUS IN CALENDAR YEAR 2024. A DASNY - SERIES 2016 146000293 64990BR70 2016-06-08 61336413 REFUND 2009C, CONSTRUCTION 0 0 0 A 11455000 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 ON AN ANNUAL BASIS, DASNY CONDUCTS AN ARBITRAGE REBATE CALCULATION OF PRATT'S DASNY - SERIES 2016 BOND. A DECEMBER 31, 2025 CALCULATION CONFIRMED THAT NO ARBITRAGE REBATE IS DUE. X 19 784666 FMV 0 1 0 PART I, COLUMN B NUMBER OF CONTRIBUTORS: THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 1 135 YEARS IN THE MAKING, THIS IS PRATT. PRATT INSTITUTE EDUCATES ARTISTS AND CREATIVE PROFESSIONALS WHO SHAPE THE WORLD WE LIVE IN. OUR MISSION LINKS WHAT WE ARE COMMITTED TO DOING EVERY DAY WITH A PURPOSE BEYOND OUR INSTITUTION ITSELF. ITS SIMPLICITY IS INTENTIONAL: IT GOES TO THE HEART OF OUR COLLECTIVE WORK AND STANDS AS A CALL TO ACTION AS WELL. OUR VISION: PRATT WILL BE THE STANDARD-SETTER AMONG CREATIVE INSTITUTIONS. A GOOD VISION STATEMENT SETS A MEASURABLE, ATTAINABLE, AND INSPIRING FIVE-TO-TEN-YEAR GOAL, AGAINST WHICH GUIDING IDEAS, GROWTH STRATEGIES, GOALS, AND FUTURE TACTICS CAN BE REVIEWEDAND SUCCESS MEASUREDAS WE IMPLEMENT THE PLAN. OUR VISION CHALLENGES US TO UNDERSTAND WHAT IT MEANS TO SET THE STANDARD IN THE CREATIVE, ACADEMIC, AND OPERATIONAL FIELDS IN WHICH WE OPERATE, AND TO SET OUR GOALS TO REALIZE THIS AMBITIOUS VISION. BY 2030, PRATT WILL BE SETTING THE STANDARD FOR ACADEMIC INNOVATION, FINANCIAL HEALTH, AND INSTITUTIONAL RESILIENCE AMONG CREATIVE INSTITUTIONS. 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. OFFICIAL ENROLLMENT FOR THE FALL 25 SEMESTER WAS 2,115 (1,121 NONCREDIT, 994 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. THE HUMAN RESOURCES DEPARTMENT PERIODICALLY REVIEWS COMPENSATION USING COMPENSATION SURVEYS. 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 2025 FORM 990, CALENDAR YEAR 2024 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: POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST 760,226. OTHER COMPONENTS OF NET PERIODIC BENEFIT COST OTHER THAN SERVICE COSTS -64,360.