Overview
What is Prea Foundation Inc?
Prea Foundation Inc, located in Hartford, Connecticut, is a nonprofit organization dedicated to fostering diversity and inclusion in the institutional real estate investment sector. By providing financial support to eligible grantees, the foundation encourages minorities to pursue careers in this field. During the year ending December 31, 2022, the program served a total of 327 students, with significant contributions from organizations such as SEO, Urban Alliance, and REEX. The foundation's mission is to align with the interests and values of the institutional real estate investment community, aiming to advance industry-wide diversity and inclusion. With a modest workforce of just two employees, Prea Foundation Inc continues to make strides in promoting equality and opportunity in the real estate industry.
Official website here: www.prea.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 97% (Four-Star out of Four Stars)**tar)**
The Prea Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, signaling a high level of accountability and financial stability. With an Accountability & Finance score of 97%, the organization demonstrates excellent oversight practices, including full independence among board members and strict conflict of interest policies. Its robust financial health is reflected in a minimal liabilities-to-assets ratio and an impressive program expense ratio, indicating that the vast majority of its funds are directed toward its mission.
Strengths of the Prea Foundation include its strategic focus on leadership development and building academic opportunities for scholars within the institutional real estate investment community. The foundation has clearly articulated its goals to enhance its programs, invest in staff growth, and maintain operational effectiveness, all while demonstrating adaptability and resilience, especially during challenging times, such as throughout 2020.
Currently, user reviews from GreatNonprofits are not available, limiting broader public feedback on personal experiences with the foundation. However, the substantial rating from Charity Navigator provides strong validation of its operational integrity and mission focus.
This AI summary has been generated from information found on Charity Navigator.
Is Prea Foundation Inc legitimate?
Prea Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prea Foundation Inc 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: $340,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,357
For more financial information, click here
Official website here: www.prea.org
What is the mission statement of Prea Foundation Inc?
The Prea Foundation Inc's mission is to advance diversity and inclusion within the institutional real estate investment sector. It aims to further the interests and values of the investment community by promoting industry-wide diversity and inclusion. The foundation provides financial support to qualified grantees, enabling them to offer professional development programs and training, encouraging minorities to pursue careers in the real estate industry. During the year ending December 31, 2022, the foundation's program served 327 students through various organizations such as SEO, Urban Alliance, and Reex.
Official website here: www.prea.org
What is the revenue of Prea Foundation Inc?
Prea Foundation Inc's revenue in 2024 was $14,098,469.
Official website here: www.prea.org
Who are the executives of Prea Foundation Inc and what are their salaries?
The average compensation at Prea Foundation Inc during 2024 was $167,572. There are 3 employees and 27 volunteers at Prea Foundation Inc.
Here are 25 key members and their salaries:
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- Compensation: $274,519
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- Other: $20,569
Official website here: www.prea.org
Where can I find the form 990 for Prea Foundation Inc?
Prea Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.prea.org
Learn more at the official website: www.prea.org
Mission Statement of Prea Foundation Inc
Prea Foundation Inc, a nonprofit organization, is committed to fostering diversity and inclusion within the institutional real estate investment community. Its mission is to promote the interests and values of this sector by advocating for industry-wide diversity and inclusion. The foundation achieves this by providing financial support to qualified grantees, who in turn offer professional development programs and training. These initiatives encourage minorities to pursue careers in the real estate industry. In the fiscal year ending December 31, 2022, Prea Foundation Inc's program served a total of 327 students, with 128 benefiting from the SEO, 124 from Urban Alliance, and 75 from REEX. This demonstrates the foundation's dedication to making a significant impact in promoting diversity and inclusion within the real estate industry.
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Impact
July, 2024
Prea Foundation Inc's impact lies in advancing diversity and inclusion in the institutional real estate industry. By providing financial support to qualified grantees who offer professional development programs and training, the foundation encourages minorities to pursue careers in real estate. In the year ended December 31, 2022, the program served 327 students, with 128 assisted by SEO, 124 by Urban Alliance, and 75 by REEX. The foundation's mission is to further the interests and values of the institutional real estate investment community through industry-wide diversity and inclusion efforts.
This information is meant to be a general summary of Prea Foundation Inc. 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: $537,359
- Gross Receipts: $14,754,550
Assets and Liabilities:
- Total Assets: $23,190,569
- Total Liabilities: $5,551
- Net Assets: $23,185,018
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Organization Details
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