EIN 11-1630822

Pratt Institute

IRS 501(c) type
501(c)(3)
Num. employees
4,298
Year formed
1887
Most recent tax filings
2023-06-01
Description
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.
Total revenues
$337,685,018
2023
Total expenses
$322,568,276
2023
Total assets
$747,993,021
2023
Num. employees
4,298
2023

Program areas at Pratt Institute

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)
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.
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)
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.

Who funds Pratt Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Idc FoundationResearch Accelerator Grants$1,000,000
Andrew W. Mellon FoundationTo Support the Further Development of the Digital Preservation Outreach and Education Network$600,000
The Schmidt Family Foundation (TSFF)Encouraging A Just Transition Away From Fossil Fuels$350,000
...and 52 more grants received totalling $3,439,592

Personnel at Pratt Institute

NameTitleCompensation
Joseph M HemwayVice President of It and Chief Information Officer / Vice President for It and Chief Information Officer / Vice President for Information Technology and Chief Information Officer$268,832
Cathleen KennyVice President of Finance and Administration$356,673
Richard LongoVice President for Enrollment Management$283,878
Daphne R HalpernVice President of Institu Adv. / Vice President of Institutional Advancement / Vice President of Instl Advancement$350,035
Russell AbellDirector of Libraries$121,106
...and 17 more key personnel

Financials for Pratt Institute

RevenuesFYE 06/2023
Total grants, contributions, etc.$13,050,013
Program services$312,458,739
Investment income and dividends$7,632,038
Tax-exempt bond proceeds$0
Royalty revenue$23,255
Net rental income$375,987
Net gain from sale of non-inventory assets$3,178,443
Net income from fundraising events$-101,772
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,068,315
Total revenues$337,685,018

Form 990s for Pratt Institute

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-12990View PDF
2021-062022-05-06990View PDF
2020-062021-05-20990View PDF
2019-062020-11-18990View PDF
...and 9 more Form 990s

Organizations like Pratt Institute

OrganizationLocationRevenue
University of St. Thomas (UST)Houston, TX$115,485,700
Whitworth UniversitySpokane, WA$141,406,517
Eckerd CollegeSaint Petersburg, FL$143,870,290
Barnard CollegeNew York, NY$313,721,507
McDaniel CollegeWestminster, MD$127,413,498
Monmouth UniversityWest Long Branch, NJ$274,830,004
Providence CollegeProvidence, RI$372,863,038
Trine UniversityAngola, IN$211,620,138
Augsburg UniversityMinneapolis, MN$130,082,142
Rider UniversityLawrenceville, NJ$196,010,794
Data update history
July 21, 2024
Updated personnel
Identified 3 new personnel
July 17, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 16, 2024
Received grants
Identified 8 new grant, including a grant for $1,000,000 from Idc Foundation
July 10, 2024
Used new vendors
Identified 3 new vendors, including , , and
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $11,446 from American Online Giving Foundation
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
200 Willoughby Ave
Brooklyn, NY 11205
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Kings County, NY
Website URL
pratt.edu/ 
Facebook page
PrattInstitute 
Twitter profile
@prattinstitute 
IRS details
EIN
11-1630822
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1887
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0256126
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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