Pratt Institute
85% goes to programs $25 to raise $100 Strong reserves Growing revenue
Pratt Institute is a 501(c)(3) organization based in Brooklyn, New York, registered in 1935, with $398,081,898 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
200 Willoughby Ave, Brooklyn, NY, 11205 EIN 11-1630822 Since 1935
Revenue (FY2023)
$398.1M
▲ 17.9% vs prior year
Education median: $200K
Expenses (FY2023)
$335.5M
Net assets
$588.6M
Employees
4,548
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating85% to programs · $25 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Pratt Institute: 85% to programs · $25 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pratt Institute: 21 mo reserves · +16% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Pratt Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pratt Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To educate artists and creative professionals to be responsible contributors to society.
What they do
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)
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.
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.
Contact & location
- Address
- 200 Willoughby Ave, Brooklyn, NY, 11205
- City
- Brooklyn
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $225.5M (FY2013) to $398.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $209.0MNet assets $588.6M
Operating margin
15.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$797.6M
Total liabilities
$209.0M
Net assets
$588.6M
Salaries & benefits
$168.7M
50% of expenses
Board members
23
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $398,081,898▲17.9% | $335,539,448▲4.0% | $588,583,386▲8.1% | $797,600,847▲6.6% | 990 |
| 2022 | $337,685,018▲3.2% | $322,568,276▲7.2% | $544,677,599▲5.6% | $747,993,021▲3.9% | 990 |
| 2021 | $327,213,974▲35.6% | $300,881,089▲22.0% | $516,019,936▼5.1% | $719,648,583▼4.7% | 990 |
| 2020 | $241,236,103▼15.5% | $246,568,890▼11.6% | $544,029,627▲24.3% | $755,027,216▲6.3% | 990 |
| 2019 | $285,423,262▼3.7% | $278,924,366▲3.1% | $437,823,905▲6.6% | $710,606,804▲0.7% | 990 |
| 2018 | $296,432,262▲9.2% | $270,527,701▲5.5% | $410,625,388▲5.1% | $705,331,204▲4.4% | 990 |
| 2017 | $271,536,991▲5.0% | $256,346,094▲5.0% | $390,693,106▲9.2% | $675,447,195▲4.6% | 990 |
| 2016 | $258,716,682▲8.6% | $244,076,328▲7.5% | $357,705,178▲8.6% | $645,826,227▲6.0% | 990 |
| 2015 | $238,303,902▲3.2% | $227,018,850▲5.7% | $329,264,035▼0.7% | $609,410,718▲3.5% | 990 |
| 2014 | $230,848,565▲2.4% | $214,791,958▲2.6% | $331,582,375▲4.7% | $589,021,614▲8.8% | 990 |
| 2013 | $225,537,459 | $209,426,225▲6.6% | $316,725,339▲6.7% | $541,597,642▲6.7% | 990 |
| 2012 | — | $196,374,853▲5.4% | $296,975,265▲12.8% | $507,551,541▲7.3% | 990 |
| 2011 | — | $186,290,470▲7.4% | $263,274,429▼1.0% | $473,072,054▲2.0% | 990 |
| 2010 | — | $173,437,685▲6.4% | $265,887,248▲14.7% | $464,001,860▲8.4% | 990 |
| 2009 | — | $163,069,153 | $231,860,240 | $428,041,415 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Frances Bronet — $955,807 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Frances Bronet | President and Trustee | 35 | $955,807 |
| Cathleen M Kenny | Vp For Finance and Administration | 35 | $367,720 |
| Donna Heiland | Provost | 35 | $351,909 |
| Richard Longo | Vp For Enrollment Management | 35 | $292,057 |
| Daphne R Halpern | Vp of Institu. Adv. (thru 05/2023) | 0 | $290,184 |
| Jessica Tallman | Interim Vp For Institutional Adv. | 35 | $289,362 |
| Joseph M Hemway | Vp of It & Cio | 35 | $276,784 |
| Anita Cooney | Dean - School of Design | 35 | $255,654 |
| Kirk E Pillow | Former Provost | 0 | $195,089 |
| Farzam Yazdanseta | Former Faculty Trustee | 0 | $118,269 |
| Alex Liebergesell | Faculty Trustee (as of 07/2023) | 5 | $117,694 |
| Karin Tehve | Faculty Trustee (as of 07/2023) | 5 | $116,102 |
| Maria Sieira | Former Faculty Trustee | 0 | $98,655 |
| Adem Wijewickrema | Undergr. Stud. Trus. (as of 07/2023) | 5 | $8,231 |
| Anne E Edwards | Secretary | 5 | — |
| Anne H Van Ingen | Trustee | 5 | — |
| Ava Scott | Recent Grad. Trustee | 5 | — |
| Bruce J Giltin | Trustee | 5 | — |
| Brynn Anderson | Recent Grad. Trustee (as of 07/2023) | 5 | — |
| David Kim | Trustee | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Allied Universal Security Services | Security | $3,295,260 |
| Cullen and Dykman LLP | Legal | $2,230,359 |
| Zubatkin Owner Representation LLC | Project Management | $1,455,228 |
| Proquest LLC | Research Services | $649,143 |
| Grant Thornton | Auditing & Accounting Services | $451,996 |
Grants received · $2.5M total
65 grants to Pratt Institute totaling $2.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $56,431 |
| American Online Giving Foundation Inc | General support | 2024 | $40,054 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $25,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $15,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,500 |
| Silicon Valley Community Foundation | Education | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Ayco Charitable Foundation | Education | 2023 | $275,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $105,430 |
| United Way of New York City | Change capital fund - change capital fund the change capital fund (ccf) is a collaboration of philanthropic foundations and financial institutions that pool funds to invest in community development efforts across new york city. ccf began funding community development corporations towards the goal of more effectively reducing persistent and chronic poverty. each participating nonprofit organization will be funded over four years and receive technical assistance support towards the goal of building internal capacity for multi-disciplinary practices and improved outcomes tracking systems, and developing more effective business models. | 2023 | $50,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $25,000 |
| Cornell University | Research | 2023 | $20,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $13,000 |
| National Philanthropic Tr | Education | 2023 | $13,000 |
Similar organizations in Education
Education
Yeshiva University
New York, NY
$394.2M
Aannual revenue
Education
Colgate University Treasurers Office
Hamilton, NY
$407.3M
Aannual revenue
Education
The Ojc Fund
Brooklyn, NY
$386.6M
B+annual revenue
Education
Touro University
New York, NY
$382.7M
B+annual revenue
Education
New York Institute of Technology
Old Westbury, NY
$382.0M
Aannual revenue
Education
Marist University
Poughkeepsie, NY
$379.5M
Aannual revenue
Education
Ithaca College
Ithaca, NY
$369.6M
Aannual revenue
Education
Adelphi University
Garden City, NY
$368.7M
Aannual revenue
Education
Barnard College
New York, NY
$351.5M
Aannual revenue
Education
Success Academy Charter Schools - Nyc
New York, NY
$452.6M
Aannual revenue
Compare Pratt Institute
Frequently asked questions
- Is Pratt Institute a legitimate nonprofit?
- Yes. Pratt Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-1630822, based in Brooklyn, New York. Donations are tax-deductible.
- What is Pratt Institute's EIN?
- Pratt Institute's Employer Identification Number (EIN) is 11-1630822.
- How much revenue does Pratt Institute report?
- Pratt Institute reported $398,081,898 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Pratt Institute's spending goes to programs?
- Pratt Institute spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Pratt Institute have?
- CharityIndex grades Pratt Institute A, based on program efficiency and fundraising cost.
- How much does Pratt Institute's highest-paid employee make?
- The highest reported compensation on Pratt Institute's latest Form 990 is $955,807, paid to Frances Bronet (President and Trustee).
More nonprofits in Brooklyn
Explore more
Data for Pratt Institute (EIN 11-1630822) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.