Skip to content
Nonprofiteer
← PRAGER UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by PRAGER UNIVERSITY FOUNDATION.

Totals

Total revenue
$65,499,557
Total expenses
$45,455,077
Contributions and grants received
$65,180,092
Grants paid
$10,000
Program service revenue
$5,000
Investment income
$719,111
Other revenue
-$404,646
Total assets, end of year
$86,724,321
Total liabilities, end of year
$9,329,527
Net assets or fund balances, end of year
$77,394,794
Program services expenses (Part IX)
$33,497,160
Management and general expenses
$3,348,647
Fundraising expenses
$8,609,270
Program service expenses (Part III)
$33,497,160

Program services were 73.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVE ROBINSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DENNIS BECK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GREG CASSILETH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KIM BENGARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID BLUMBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE COLBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB HUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARISSA STREIT

    CEO

    Total calculated
    $978,263
    From this org
    $948,682
    From related orgs
    $0
    Other
    $29,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $737,361
    Bonus
    $211,321
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $11,281
    Filer's total
    $978,263

  • DAVID PRAGER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $442,845
    From this org
    $411,814
    From related orgs
    $0
    Other
    $31,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,314
    Bonus
    $22,500
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $12,731
    Filer's total
    $442,845

  • LAYNE THRASHER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $388,699
    From this org
    $362,102
    From related orgs
    $0
    Other
    $26,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,602
    Bonus
    $22,500
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $8,297
    Filer's total
    $388,699

  • CRAIG STRAZZERI

    CHIEF MARKETING OFFICER

    Total calculated
    $385,601
    From this org
    $355,194
    From related orgs
    $0
    Other
    $30,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,694
    Bonus
    $22,500
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $12,107
    Filer's total
    $385,601

  • ALLEN ESTRIN

    EXECUTIVE DIRECTOR

    Total calculated
    $327,500
    From this org
    $327,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $305,000
    Bonus
    $22,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $327,500

  • KEVIN ROYSE

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $246,460
    From this org
    $226,273
    From related orgs
    $0
    Other
    $20,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,273
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,750
    Nontaxable benefits
    $11,437
    Filer's total
    $246,460

  • KELLY MCNAIR

    VP, DEVELOPMENT

    Total calculated
    $198,054
    From this org
    $182,103
    From related orgs
    $0
    Other
    $15,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,603
    Bonus
    $32,500
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $6,951
    Filer's total
    $198,054

  • JURA CHUNG

    VP, PRAGERU KIDS - UNTIL 10/2022

    Total calculated
    $191,666
    From this org
    $181,156
    From related orgs
    $0
    Other
    $10,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,406
    Bonus
    $5,000
    Other
    $43,750
    Deferred
    $5,250
    Nontaxable benefits
    $5,260
    Filer's total
    $191,666

  • MICHAEL MURRAY

    VP, DEVELOPMENT - UNTIL 10/2022

    Total calculated
    $183,526
    From this org
    $167,877
    From related orgs
    $0
    Other
    $15,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,877
    Bonus
    $0
    Other
    $0
    Deferred
    $1,250
    Nontaxable benefits
    $14,399
    Filer's total
    $183,526

  • AARON FLAJSING

    DEVELOPMENT DIRECTOR

    Total calculated
    $174,162
    From this org
    $147,398
    From related orgs
    $0
    Other
    $26,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,898
    Bonus
    $32,500
    Other
    $0
    Deferred
    $9,300
    Nontaxable benefits
    $17,464
    Filer's total
    $174,162

  • LUCY WERNER

    VP, DEVELOPMENT

    Total calculated
    $159,000
    From this org
    $157,500
    From related orgs
    $0
    Other
    $1,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $7,500
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $0
    Filer's total
    $159,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
OFFICERS MAY OCCASSIONALLY UTILIZE FIRST CLASS TRAVEL FOR LENGHTY CROSS-COUNTRY OR RED-EYE FLIGHTS.
PART I, LINE 4A
JURA CHUNG, VP FOR PRAGERU KIDS UNTIL 10/2022, RECEIVED SEVERANCE IN THE AMOUNT OF $43,750, WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 5
MARISSA STREIT, CHIEF EXECUTIVE OFFICER, RECEIVED BONUSES BASED UPON REVENUES RAISED ANNUALLY. THE COMPENSATION COMMITTEE CONSIDERS THE REASONABLENESS WHILE UTILIZING COMPENSATION STUDIES. THE EXECUTIVE/COMPENSATION COMMITTEE ALSO REVIEWS EACH YEAR'S BONUS BEFORE IT IS PAID OUT.
PART I, LINE 7
THE BONUSES AWARDED TO THOSE OTHER THAN THE CEO ARE DISCRETIONARY PERFORMANCE BONUSES AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II). THE CEO DISCUSSES THE LEVEL OF BONUS WITH BOARD EXECUTIVE/COMPENSATION COMMITTEE WHO GIVE THEIR APPROVAL, AND THE CEO MAKES FINAL DETERMINATION AS TO PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2023
IRS schema version
2022v5.0
Source object
202331029349300123

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.