Pratt Institute
Teaches artists and creative professionals to contribute responsibly to society. For fiscal year 2024 it reported $364.5M in revenue, $371.6M in expenses, and $611.4M in net assets.Pt I
- Founded
- 1887
- Type
- Public charity (501(c)(3)) · Colleges & Universities
- Location
- Brooklyn, NY
- Website
- www.pratt.edu
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Frances Bronet’s $821K as President and Trustee is at the 67th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Frances Bronet | $820,526 | $955,807 | $881,301 | $735,438 | $625,304 | $797,050 |
| Thomas F Schutte | — | — | — | — | — | $426,409 |
| Cathleen M Kenny | $378,716 | $367,720 | $356,673 | $336,923 | $326,406 | $336,620 |
| Donna Heiland | $365,056 | $351,909 | $334,734 | $267,143 | $237,330 | $244,916 |
| Kirk E Pillow | $199,701 | $195,089 | $189,559 | $312,634 | $360,151 | $360,151 |
| Daphne R Halpern | — | $290,184 | $350,035 | $322,122 | $319,560 | — |
| Daphne R Halpern | — | — | — | — | — | $313,827 |
| Richard Longo | $300,702 | $292,057 | $283,878 | $126,992 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
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.
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.
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 86% | — | — |
| Overhead ratio | 13% | — | — |
| Fundraising cost ratio | 32% | — | — |
| Revenue growth | -8% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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