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.
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
31 people listed on the 990; $3.6M paid to officers and key staff.
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 | FY2025 | 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 | $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 →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
Your first name shows with your question. Pratt Institute answers here, for everyone.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 3 smaller programs.
The auditor reported no findings.
Plus 3 smaller programs.
The auditor reported no findings.
Plus 3 smaller programs.
The auditor reported no findings.
Plus 5 smaller programs.
The auditor reported 2 findings: a weakness in money controls.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $254.9M | $232.5M | $276.7M | $213.4M | $205.2M |
| Given inLn 1b | $602K | $4.5M | $2.3M | $757K | $831K |
| SpentLn 1d–1f | $6.1M | $5.1M | $3.3M | $3.1M | $2.9M |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $70.9M | $59.8M |
| InvestmentsLn 11–13 | $320.8M | $347.0M |
| Land, buildings, equipmentLn 10c | $306.7M | $317.4M |
| Total assetsLn 16 | $719.6M | $748.0M |
| LiabilitiesLn 26 | $203.6M | $203.3M |
| Net assetsLn 32 | $516.0M | $544.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $84.1M | $84.1M | ||
| Pay of current officers, directors and key staffLn 5 | $1.8M | $1.4M | $371K | |
| Pay of disqualified personsLn 6 | $92K | $71K | $19K | $3K |
| Other salaries and wagesLn 7 | $118.6M | $91.3M | $23.8M | $3.4M |
| Pension plan contributionsLn 8 | $3.8M | $3.1M | $717K | |
| Other employee benefitsLn 9 | $26.8M | $21.8M | $5.0M | |
| Payroll taxesLn 10 | $8.1M | $6.6M | $1.4M | $142K |
| Legal feesLn 11b | $743K | $603K | $127K | $13K |
| Accounting feesLn 11c | $151K | $123K | $26K | $3K |
| Lobbying feesLn 11d | $175K | $175K | ||
| Investment management feesLn 11f | $1.3M | $1.3M | ||
| Advertising and promotionLn 12 | $768K | $624K | $131K | $13K |
| Office expensesLn 13 | $32.8M | $32.2M | $565K | |
| Information technologyLn 14 | $2.8M | $742K | $2.0M | $304 |
| OccupancyLn 16 | $2.3M | $1.9M | $399K | $41K |
| TravelLn 17 | $1.6M | $1.3M | $278K | $28K |
| Conferences, conventions and meetingsLn 19 | $2.3M | $1.9M | $398K | $41K |
| InterestLn 20 | $4.5M | $3.7M | $852K | |
| Depreciation, depletion and amortizationLn 22 | $15.3M | $12.4M | $2.9M | |
| InsuranceLn 23 | $2.2M | $1.8M | $416K | |
| Other expenses (24a–d)Ln 24 | $12.2M | $9.9M | $2.3M | |
| All other expensesLn 24e | $46K | $45K | $967 | |
| Total functional expensesLn 25 | $322.6M | $275.6M | $42.6M | $4.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $364.5M | $371.6M | −$7.0M | $611.4M | 990 PDF |
| FY2024Filed with the IRS May 13, 2025 | $398.1M | $335.5M | $62.5M | $588.6M | 990 PDF |
| FY2023 ViewingFiled with the IRS May 14, 2024 | $337.7M | $322.6M | $15.1M | $544.7M | 990 PDF |
| FY2022Filed with the IRS May 12, 2023 | $327.2M | $300.9M | $26.3M | $516.0M | 990 PDF |
| FY2021Filed with the IRS May 6, 2022 | $241.2M | $246.6M | −$5.3M | $544.0M | 990 PDF |
| FY2020Filed with the IRS May 12, 2021 | $285.4M | $278.9M | $6.5M | $437.8M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $337,685,018 revenue, 12 lines filed
Part VI · Governance 17 of 22 board members independent, 1 to look at
Part VIII · Statement of revenue $337,685,018 across 13 lines filed
Part IX · Statement of functional expenses $322,568,276 across 22 lines filed
Part X · Balance sheet $747,993,021 assets, 22 lines filed
Part XI · Reconciliation of net assets $544,677,599 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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