Prager University Foundation
- Assets
- $86.7m
- Revenue
- $65.5m
- Investments
- $0.0
- Employees
- 137
- Location
- Sherman Oaks, CA
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-1763901
Organization Overview
Prager University Foundation is located in Sherman Oaks, CA. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Prager University Foundation employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prager University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Prager University Foundation generated $65.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $45.5m during the year ending 12/2022. While expenses have increased by 46.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA.
Describe the Organization's Program Activity:
PRAGER UNIVERSITY FOUNDATION ("PRAGERU") IS THE WORLD'S LEADING CONSERVATIVE NONPROFIT THAT IS FOCUSED ON CHANGING MINDS. WE PROMOTE AMERICAN VALUES THROUGH THE CREATIVE USE OF DIGITAL MEDIA, AS OUR MISSION. TAKING FULL ADVANTAGE OF TODAY'S TECHNOLOGY AND SOCIAL MEDIA, WE EDUCATE MILLIONS OF AMERICANS AND YOUNG PEOPLE ABOUT THE VALUES THAT MAKE AMERICA GREAT. OUR VISION IS A WORLD COMMITTED TO LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Streit CEO | Officer | 40 | $948,682 |
David Prager Chief Development Officer | Officer | 40 | $411,814 |
Layne Thrasher Chief Financial Officer | Officer | 40 | $362,102 |
Craig Strazzeri Chief Marketing Officer | Officer | 40 | $355,194 |
Allen Estrin Executive Director | Officer | 30 | $327,500 |
Kevin Royse Chief Advancement Officer | Officer | 40 | $226,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Media/marketing | 12/30/22 | $7,028,439 |
Ekf Promotions Promotional Materials | 12/30/22 | $1,181,127 |
Kansas & Brooklyn Consulting | 12/30/22 | $493,333 |
Facebook Media/marketing | 12/30/22 | $9,233,065 |
Fox News Network Media/marketing | 12/30/22 | $1,225,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,290,380 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,889,712 |
| Noncash contributions included in lines 1a–1f | $2,243,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,180,092 |
| Total Program Service Revenue | $5,000 |
| Investment income | $718,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $94,874 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $443 |
| Net Income from Fundraising Events | -$1,149,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $468,842 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,499,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,769,369 |
| Compensation of current officers, directors, key employees. | $322,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,065,788 |
| Pension plan accruals and contributions | $752,581 |
| Other employee benefits | $726,098 |
| Payroll taxes | $3,476,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,404 |
| Fees for services: Accounting | $66,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $107,991 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,705,131 |
| Advertising and promotion | $20,726,781 |
| Office expenses | $1,298,862 |
| Information technology | $2,631,456 |
| Royalties | $0 |
| Occupancy | $1,627,112 |
| Travel | $335,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,723 |
| Insurance | $111,765 |
| All other expenses | $0 |
| Total functional expenses | $45,455,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,116,918 |
| Savings and temporary cash investments | $1,025,741 |
| Pledges and grants receivable | $3,792,979 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $731,175 |
| Net Land, buildings, and equipment | $370,469 |
| Investments—publicly traded securities | $49,961,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,725,258 |
| Total assets | $86,724,321 |
| Accounts payable and accrued expenses | $2,886,852 |
| Grants payable | $0 |
| Deferred revenue | $58,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,384,175 |
| Total liabilities | $9,329,527 |
| Net assets without donor restrictions | $72,500,230 |
| Net assets with donor restrictions | $4,894,564 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $86,724,321 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Prager University Foundation has recieved totaling $197,005.
| Awarding Organization | Amount |
|---|---|
David W Hearst Jr Foundation San Diego, CA PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION | $50,000 |
Clifford And Lavonne Graese Foundation Jacksonville, FL PURPOSE: CHARITABLE | $50,000 |
Karpus Family Foundation Inc Pittsford, NY PURPOSE: GENERAL PURPOSE | $25,000 |
Scp Foundation Dallas, TX PURPOSE: GENERAL PURPOSE | $20,000 |
Bearing Fruit Foundation Tr Mission Viejo, CA PURPOSE: SUPPORT EDUCATIONAL ACTIVITIES | $10,000 |
Rainold Family Foundation Centennial, CO PURPOSE: GENERAL SUPPORT | $7,000 |
Endowment Analysis
| Beg. Balance | $11,734,621 |
| Earnings | -$2,066,988 |
| Net Contributions | $5,500,000 |
| Ending Balance | $15,167,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |