Overview
What is Pratt Institute?
Pratt Institute is a renowned institution based in Brooklyn, New York, with a US address at 200 Willoughby Ave, ZIP code 11205. The accredited higher education provider, recognized by the Middle States Commission on Higher Education and the Commission on Recognition of Postsecondary Accreditation, offers a diverse range of academic programs. These include 5 associate, 27 undergraduate, and 36 graduate degrees in fields such as art, design, architecture, liberal arts and sciences, and information and library sciences (at the graduate level only). Their mission is to educate artists and creative professionals to become responsible contributors to society. The institute, employing 3619 individuals, is dedicated to fostering the growth of future generations in various creative fields.
Official website here: www.pratt.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Pratt Institute has received a high rating of 96% from Charity Navigator, indicating strong performance in accountability and financial health. This rating reflects the organization's commitment to transparency, with an independent board comprising 77% members and robust policies in place, such as conflict of interest and whistleblower protections.
The organization demonstrates financial stability, showcased by a favorable liabilities to assets ratio of 27.18% and an impressive program expense ratio of 85.23%. These figures suggest that a significant portion of their funding is directed towards programs rather than administrative costs, signifying effective management of resources.
The data does not indicate any material diversion of assets, which is a crucial factor in assessing financial integrity. Overall, Pratt Institute appears to be a well-managed nonprofit with strong governance practices and a clear focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pratt Institute legitimate?
Pratt Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pratt Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,758,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,947,140
For more financial information, click here
Official website here: www.pratt.edu
What is the mission statement of Pratt Institute?
Pratt Institute is dedicated to educating artists and creative professionals to become responsible contributors to society. The mission of this accredited institution is to prepare students for careers in various fields of art, design, architecture, liberal arts and sciences, and information and library sciences. Pratt Institute offers a diverse range of programs, including 5 associate degrees, 27 undergraduate degrees, and 36 graduate degrees. The organization's commitment to excellence is recognized by the Middle States Commission on Higher Education and the Commission on Recognition of Postsecondary Accreditation. By fostering a learning environment that emphasizes intellectual curiosity, creativity, and critical thinking, Pratt Institute empowers its students to make a positive impact on the world.
Official website here: www.pratt.edu
What is the revenue of Pratt Institute?
Pratt Institute's revenue in 2024 was $398,081,898.
Official website here: www.pratt.edu
Who are the executives of Pratt Institute and what are their salaries?
The average compensation at Pratt Institute during 2024 was $28,080. There are 4548 employees at Pratt Institute.
Here are 33 key members and their salaries:
- Compensation: $955,807
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- Other: $69,192
- Compensation: $117,694
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- Other: $20,243
- Compensation: $116,102
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- Other: $21,543
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- Compensation: $8,231
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- Compensation: $367,720
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- Other: $61,546
- Compensation: $351,909
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- Other: $34,083
- Compensation: $255,654
- Related: $0
- Other: $62,365
- Compensation: $276,784
- Related: $0
- Other: $31,090
- Compensation: $289,362
- Related: $0
- Other: $35,371
- Compensation: $292,057
- Related: $0
- Other: $59,817
- Compensation: $290,184
- Related: $0
- Other: $11,082
- Compensation: $98,655
- Related: $0
- Other: $5,698
- Compensation: $118,269
- Related: $0
- Other: $53,506
- Compensation: $195,089
- Related: $0
- Other: $53,042
Official website here: www.pratt.edu
Where can I find the form 990 for Pratt Institute?
Pratt Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pratt.edu
Learn more at the official website: www.pratt.edu
Mission Statement of Pratt Institute
Pratt Institute, a renowned educational institution, is dedicated to cultivating artists and creative professionals into responsible contributors to society. With a commitment to academic excellence, the Institute offers a diverse range of degree programs encompassing art, design, architecture, liberal arts and sciences, and information and library sciences at the associate, undergraduate, and graduate levels.
Pratt Institute's mission transcends the realm of artistic development, focusing on nurturing individuals who can make a positive impact on society as a whole. As an accredited institution recognized by the Middle States Commission on Higher Education, the US Secretary of Education, and the Commission on Recognition of Postsecondary Accreditation, Pratt Institute sets high standards for its students, ensuring they receive a quality education that prepares them for meaningful careers and engaged citizenship.
Pratt Institute's comprehensive curriculum is designed to foster creativity, innovation, and critical thinking, all while instilling a deep sense of social responsibility. Through its various degree programs, the Institute empowers students to develop the skills, knowledge, and values necessary to make a difference in their communities and beyond. By educating artists and creative professionals in this manner, Pratt Institute contributes to a more vibrant, inclusive, and socially conscious society.
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Impact
October, 2024
Pratt Institute significantly influences the landscape of art and design education, nurturing the next generation of creative professionals who are equipped to contribute meaningfully to society. With a diverse array of programs, including 5 associate, 27 undergraduate, and 36 graduate degree offerings, Pratt caters to a wide spectrum of artistic and professional pursuits, spanning art, design, architecture, liberal arts, and the sciences.
Situated in Brooklyn, NY, Pratt’s commitment to quality education is underscored by its accreditation from the Middle States Commission on Higher Education, ensuring that students receive a robust and respected academic experience. The institute's mission emphasizes the importance of responsibility in creativity, empowering its graduates not only to excel in their fields but also to engage thoughtfully with the world around them.
Through its innovative curriculum and focus on artistic and professional development, Pratt Institute fosters a vibrant community of artists and designers who are prepared to address societal challenges and drive positive change. By emphasizing creativity, critical thinking, and ethical practice, Pratt cultivates leaders in the arts who are dedicated to contributing to the cultural and societal fabric of their communities.
This information is meant to be a general summary of Pratt Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $9,774,448
- Program Service Revenue: $313,117,665
- Gross Receipts: $430,716,419
Assets and Liabilities:
- Total Assets: $719,648,583
- Total Liabilities: $203,628,647
- Net Assets: $516,019,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$286,003,745
AUXILIARY ENTERPRISES
Revenue
$25,913,102
RELATED STUD. ACCT REV
Revenue
$1,150,416
STUDENT ENROLL. FEES
Revenue
$50,402
Organization Details
Founding Year
1887
Principal Officer
Frances Bronet
Website
www.pratt.eduNTEE Category
Code: B430 - Education
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