Prea Foundation INC FY2020 filing
Helps people from all backgrounds succeed in commercial real estate. For fiscal year 2020 it reported $649K in revenue, $1.0M in expenses, and $14.1M in net assets.Pt I
- Founded
- 2017
- Type
- Public charity (501(c)(3)) · Employment
- Location
- Hartford, CT
- Website
- www.prea.org/foundation
- Filings
- 6 on file (2020–2020)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Ivan Barron’s $324K as Executive Director is at the 98th percentile of top reported officer pay among 1236 $1–10M employment 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ivan Barron | $324,244 | $274,519 | $274,327 | $258,000 | $215,000 | $24,885 |
| Kathy Jeramaz-Larson | — | — | — | — | — | $96,800 |
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
The foundation provides financial support to qualified grantee(s) which provide professional development programs and training to encourage minorities to pursue careers in the real estate industry. During the summer of 2020, the program placed 60 interns with 41 real estate firms across 16 cities.
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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 | 73% | — | — |
| Overhead ratio | 26% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 2% | — | — |
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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