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).

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $16.4M a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $342.3M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $67K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$272.8M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 24 voting members
Looks good: 20 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$285.4M
Spent
$278.9M
To programs
85%
Net assets
$437.8M
By yearFY2020–FY2025
Revenue
$285.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$285.4M
FY2021$241.2M
FY2022$327.2M
FY2023$337.7M
FY2024$398.1M
FY2025$364.5M
Expenses
$278.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$278.9M
FY2021$246.6M
FY2022$300.9M
FY2023$322.6M
FY2024$335.5M
FY2025$371.6M
Net assets
$437.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$437.8M
FY2021$544.0M
FY2022$516.0M
FY2023$544.7M
FY2024$588.6M
FY2025$611.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1935.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $238.2M Management & general 14% · $38.4M Fundraising 1% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

33 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President and Trustee
$797,050Pt VII · Sec A
Former Officer
$426,409Pt VII · Sec A
$360,151Pt VII · Sec A
VP for Finance and Admin
$336,620Pt VII · Sec A
VP of Instl Advancement
$313,827Pt VII · Sec A
VP for Enrollment
$287,322Pt VII · Sec A
VP of IT and CIO
$252,882Pt VII · Sec A
Dean of School of Design
$248,520Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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$313,827
Richard Longo$300,702$292,057$283,878$126,992——
Jessica Tallman—$289,362$215,392———

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.

See Pratt Institute executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches artists and creative professionals to contribute responsibly to society.

Questions for Pratt Institute

Tap to ask. Pratt Institute sees how many people are interested.

Your first name shows with your question. Pratt Institute answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $212.5M · in their own filed words · FY2019
01

Instruction

Pratt institute is a coeducational private institution chartered and empowered to confer academic degrees by the board of regents of nys. The certificates and degrees conferred are registered by the nys department of education.

$155.0Mprogram expense
02

Academic Support

Includes all expenses incurred in support of academic and instructional programs as well as research, library and information technology services. Pratt libraries provide outstanding services and access to a resource-rich environment that facilitates critical thinking and creative teaching and learning in the pratt community.

$30.8Mprogram expense
03

Auxiliary Enterprises

The residential life and student housing expenditures are reported under auxiliary enterprises. Its mission is to efficiently and effectively administer a housing program in a learning centered environment that challenges and supports students to 1) enhance self-understanding 2) value community responsibility and 3) learn from their…

$26.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 8 grants · $472.0M · 2019–2024
Unitemized GrantFY2024$93,246,536
Unitemized GrantFY2023$82,677,298
Unitemized GrantFY2022$84,087,058
Unitemized GrantFY2021$80,456,954
Unitemized GrantFY2021$3,910,477
Unitemized GrantFY2020$60,113,756
Unitemized GrantFY2020$1,723,843
Unitemized GrantFY2019$65,787,387

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$285.4M
Ln 12
Fees for servicesLn 2g$264.8M
Gifts and grantsLn 1h$11.0M
Investment incomeLn 3$8.0M
Money outPt IX
$278.9M
Ln 25
Programscol B$238.2M
Managementcol C$38.4M
Fundraisingcol D$2.3M
Owns and owesPt X
$437.8M
net assets · Ln 32
Cash and savingsLn 1–2$24.1M
Total assetsLn 16$710.6M
LiabilitiesLn 26$272.8M
PeoplePt VI, VII
33
listed · VII A
PaidVII A12
Voting boardVI 1a24
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.0M
Government grantsLn 1e$5.9M
Noncash giftsLn 1g$15K
Fundraising eventsLn 1c$393K
Fees for servicesLn 2g$264.8M
Investment incomeLn 3$8.0M
Other incomeLn 4–11$1.6M
Gains on assetsLn 7$3.5M
Total revenueLn 12$285.4M
Assets in detailPt X, end of year
CashLn 1$7.5M
SavingsLn 2$16.6M
Cash and savings togetherLn 1–2$24.1M
InvestmentsLn 11–13$342.3M
Land, buildings, equipmentLn 10c$322.4M
Other assetsLn 15$0
Total assetsLn 16$710.6M
LiabilitiesLn 26$272.8M
Net assetsLn 32$437.8M
OperationsPt I, VI
EmployeesI 54,490
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$77.1M$24.1M
InvestmentsLn 11–13$288.6M$342.3M
Land, buildings, equipmentLn 10c$318.8M$322.4M
Total assetsLn 16$705.3M$710.6M
LiabilitiesLn 26$294.7M$272.8M
Net assetsLn 32$410.6M$437.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$65.8M$65.8M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.1M$1.8M$310K$0
Pay of disqualified personsLn 6$230K$230K
Other salaries and wagesLn 7$104.3M$89.1M$13.7M$1.5M
Pension plan contributionsLn 8$3.5M$2.8M$680K
Other employee benefitsLn 9$26.0M$21.3M$4.7M
Payroll taxesLn 10$7.7M$6.2M$1.5M
Management feesLn 11a$0
Legal feesLn 11b$376K$376K
Accounting feesLn 11c$168K$168K
Lobbying feesLn 11d$202K$202K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1.0M$1.0M
Other fees for servicesLn 11g$10.4M$5.0M$5.0M$467K
Advertising and promotionLn 12$3.5M$2.4M$867K$175K
Office expensesLn 13$10.6M$7.6M$2.9M$44K
Information technologyLn 14$1.2M$915K$173K$63K
RoyaltiesLn 15$0
OccupancyLn 16$4.7M$4.5M$214K$587
TravelLn 17$1.1M$909K$187K$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$238K$183K$48K$7K
InterestLn 20$5.6M$5.2M$341K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12.9M$11.9M$1.0M
InsuranceLn 23$1.3M$446$1.3M
Other expenses (24a–d)Ln 24$11.3M$10.1M$1.1M$16K
All other expensesLn 24e$5.1M$2.5M$2.5M
Total functional expensesLn 25$278.9M$238.2M$38.4M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $364.5M$371.6M−$7.0M$611.4M 990 PDF
FY2024 $398.1M$335.5M$62.5M$588.6M 990 PDF
FY2023 $337.7M$322.6M$15.1M$544.7M 990 PDF
FY2022 $327.2M$300.9M$26.3M$516.0M 990 PDF
FY2021 $241.2M$246.6M−$5.3M$544.0M 990 PDF
FY2020 Viewing $285.4M$278.9M$6.5M$437.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $285,423,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,006,966$11,013,321
I-9 Program service revenuePrior year $262,851,529$264,767,890
I-10 Investment incomePrior year $16,243,666$8,006,106
I-11 Other revenuePrior year $2,330,101$1,635,945
I-12 Total revenuePrior year $296,432,262$285,423,262
I-13 Grants and similar amounts paidPrior year $62,791,492$65,787,387
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $136,819,973$143,726,956
I-16a Professional fundraising feesPrior year $68,131$0
I-17 Other expensesPrior year $70,848,105$69,410,023
I-18 Total expensesPrior year $270,527,701$278,924,366
I-19 Revenue less expensesPrior year $25,904,561$6,498,896
Part VI · Governance 20 of 24 board members independent, 2 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $285,423,262 across 13 lines filed
VIII-1c Fundraising events$393,153
VIII-1e Government grants$5,874,031
VIII-1f All other contributions, gifts and grants$4,746,137
VIII-1g Noncash contributions (included above)$15,000
VIII-1h Total contributions, gifts and grants$11,013,321
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $264,542,191 · Unrelated business $225,699$264,767,890
VIII-3 Investment incomeExcluded from tax $4,489,260$4,489,260
VIII-5 RoyaltiesExcluded from tax $10,920$10,920
VIII-6 Net rental income or lossExcluded from tax $394,085$394,085
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,516,846$3,516,846
VIII-8 Net income from fundraising eventsExcluded from tax −$113,969−$113,969
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,344,909$1,344,909
VIII-12 Total revenueRelated to mission $264,542,191 · Unrelated business $225,699 · Excluded from tax $9,642,051$285,423,262
Part IX · Statement of functional expenses $278,924,366 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $65,787,387$65,787,387
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,756,634 · Management $309,994 · Fundraising $0$2,066,628
IX-6 Pay of disqualified personsManagement $229,515$229,515
IX-7 Other salaries and wagesPrograms $89,052,404 · Management $13,683,796 · Fundraising $1,516,394$104,252,594
IX-8 Pension plan contributionsPrograms $2,839,383 · Management $679,710$3,519,093
IX-9 Other employee benefitsPrograms $21,300,636 · Management $4,672,080$25,972,716
IX-10 Payroll taxesPrograms $6,206,835 · Management $1,479,575$7,686,410
IX-11a Management fees$0
IX-11b Legal feesManagement $375,636$375,636
IX-11c Accounting feesManagement $167,664$167,664
IX-11d Lobbying feesManagement $202,080$202,080
IX-11f Investment management feesManagement $1,006,794$1,006,794
IX-11g Other fees for servicesPrograms $4,951,436 · Management $4,975,120 · Fundraising $467,014$10,393,570
IX-12 Advertising and promotionPrograms $2,432,967 · Management $867,287 · Fundraising $175,069$3,475,323
IX-13 Office expensesPrograms $7,587,215 · Management $2,942,283 · Fundraising $44,490$10,573,988
IX-14 Information technologyPrograms $914,855 · Management $172,729 · Fundraising $63,104$1,150,688
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,466,807 · Management $213,515 · Fundraising $587$4,680,909
IX-17 TravelPrograms $909,299 · Management $186,716 · Fundraising $20,506$1,116,521
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $183,226 · Management $48,281 · Fundraising $6,570$238,077
IX-20 InterestPrograms $5,226,790 · Management $340,603$5,567,393
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,870,210 · Management $1,001,250$12,871,460
IX-23 InsurancePrograms $446 · Management $1,250,925$1,251,371
IX-24 Other expenses (24a–d)Programs $10,145,212 · Management $1,093,153 · Fundraising $15,504$11,253,869
IX-24e All other expensesPrograms $2,537,546 · Management $2,547,134$5,084,680
IX-25 Total functional expensesPrograms $238,169,288 · Management $38,445,840 · Fundraising $2,309,238$278,924,366
Part X · Balance sheet $710,606,804 assets, 24 lines filed
Asset lines not itemized here account for $10,497,178; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $17,922,801$7,533,973
X-2 Savings and temporary cash investmentsStart of year $59,174,382$16,588,519
X-3 Pledges and grants receivableStart of year $4,413,638$5,498,307
X-4 Accounts receivableStart of year $2,924,149$4,318,450
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,940,879$1,435,051
X-10c Land, buildings and equipment, netStart of year $318,776,179$322,436,468
X-11 Publicly traded securitiesStart of year $234,187,231$287,721,697
X-12 Other securitiesStart of year $54,454,374$54,577,161
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $705,331,204$710,606,804
X-17 Accounts payable and accrued expensesStart of year $26,416,501$23,558,395
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $9,876,116$9,201,055
X-20 Tax-exempt bond liabilitiesStart of year $132,763,376$129,566,569
X-24 Unsecured notes and loans payableStart of year $11,088,871$10,657,905
X-25 Other liabilitiesStart of year $114,560,952$99,798,975
X-26 Total liabilitiesStart of year $294,705,816$272,782,899
X-27 Net assets without donor restrictionsStart of year $309,095,674$333,711,572
X-28 Net assets with donor restrictionsStart of year $101,529,714$104,112,333
X-32 Total net assets or fund balancesStart of year $410,625,388$437,823,905
X-33 Total liabilities and net assetsStart of year $705,331,204$710,606,804
Part XI · Reconciliation of net assets $437,823,905 net assets at year end
XI-1 Total revenue$285,423,262
XI-2 Total expenses$278,924,366
XI-3 Revenue less expenses$6,498,896
XI-4 Net assets at start of year$410,625,388
XI-5 Net unrealized gains (losses) on investments$4,985,688
XI-9 Other changes in net assets$15,713,933
XI-10 Net assets at end of year$437,823,905

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.