EIN 11-1630822

Pratt Institute

IRS 501(c) type
501(c)(3)
Num. employees
3,619
Year formed
1887
Most recent tax filings
2022-06-01
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
$327,213,974
2022
Total expenses
$300,881,089
2022
Total assets
$719,648,583
2022
Num. employees
3,619
2022

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 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.

Who funds Pratt Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Neighborhood Revitalization$500,000
The Ford FoundationCore Support for the Pratt Center for Community Development To Support Neighborhood Quality of Life, Attack the Causes of Poverty and Inequality, and Advance Sustainable Development$300,000
The Ayco Charitable FoundationEducation$256,500
...and 54 more grants received totalling $2,779,677
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$45,756,485
Department of EducationFEDERAL PERKINS LOAN PROGRAM$6,617,246
Department of EducationEDUCATION STABILIZATION FUND$3,856,743
...and 9 more federal grants / contracts

Personnel at Pratt Institute

NameTitleCompensation
Joseph M HemwayVice President of It and Chief Information Officer$252,014
Cathleen KennyVice President of Finance and Administration$336,923
Daphne R HalpernVice President of Institutional Advancement$322,122
Richard LongoVice President for Enrollment Management$126,992
Russell AbellDirector of Libraries$121,106
...and 16 more key personnel

Financials for Pratt Institute

RevenuesFYE 06/2022
Total grants, contributions, etc.$19,402,109
Program services$291,995,892
Investment income and dividends$3,911,727
Tax-exempt bond proceeds$0
Royalty revenue$36,010
Net rental income$394,267
Net gain from sale of non-inventory assets$10,127,038
Net income from fundraising events$-64,651
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,411,582
Total revenues$327,213,974

Form 990s for Pratt Institute

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2020-062021-05-20990View PDF
2019-062020-11-18990View PDF
2018-062019-11-08990View PDF
2017-062018-11-15990View PDF
...and 7 more Form 990s
Data update history
July 9, 2023
Used new vendors
Identified 13 new vendors, including , , , , , , , , , , , , and
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
May 16, 2023
Updated personnel
Identified 5 new personnel
May 10, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyReceives government fundingEndowed supportTax deductible 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
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