2024-08-29T11:41:35-05:00 2023-12-31 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2023-01-01 821060870 PREA FOUNDATION INC PREA 8606926341 100 PEARL SREET 13TH FLOOR HARTFORD CT 06103 IVAN BARRON EXECUTIVE DIRECTOR 8606926341 2024-08-19 1 0 MICHELLE J AMARAL P01935748 7813564800 2023 2024-08-08 14:25:15Z IVAN BARRON 100 PEARL SREET 13TH FLOOR HARTFORD CT 06103 4481458 0 X WWW.PREA.ORG/FOUNDATION X 2017 NY TO ADVANCE DIVERSITY AND INCLUSION IN THE INSTITUTIONAL REAL ESTATE INDUSTRY 22 22 3 24 0 0 9497106 3823937 0 0 159451 657521 0 0 9656557 4481458 1234859 2502541 0 0 358207 448916 0 0 203036 180424 336836 1773490 3288293 7883067 1193165 23190569 24550282 5551 67334 23185018 24482948 THE MISSION OF PREA FOUNDATION, INC. (THE FOUNDATION) IS TO FURTHER THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY ADVANCING INDUSTRY-WIDE DIVERSITY AND INCLUSION. 0 0 2786770 2502541 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 YEAR ENDED DECEMBER 31, 2023, THE PROGRAM SERVED 1,059 STUDENTS, 490 BY SEO, 403 BY GWI, 82 BY REEX, 62 BY URBAN ALLIANCE AND 22 BY TOIGO. 2786770 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA CO CT DC FL GA IL IN MD MA NJ NY NC OH OR PA SC VA WA X X IVAN BARRON 2065375769 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 DEBBIE HARMON CHAIR 1.00 X X 0 0 0 KEVIN FAXON PRESIDENT 1.00 X X 0 0 0 DHVANI SHAH TREASURER 1.00 X X 0 0 0 YVONNE NELSON SECRETARY 1.00 X X 0 0 0 KATHLEEN MCCARTHY VICE PRESIDENT (THRU MAY 2023) 1.00 X X 0 0 0 JONATHAN DAVIS DIRECTOR 1.00 X 0 0 0 MIKE DIRE DIRECTOR 1.00 X 0 0 0 DAVID GILBERT DIRECTOR 1.00 X 0 0 0 GAIL HAYNES DIRECTOR 1.00 X 0 0 0 SONNY KALSI DIRECTOR 1.00 X 0 0 0 ERIC LANG DIRECTOR 1.00 X 0 0 0 LINDA ASSANTE VICE PRESIDENT (EFFECTIVE MAY 2023) 1.00 X X 0 0 0 TOM LEE DIRECTOR 1.00 X 0 0 0 CHRIS LEE DIRECTOR 1.00 X 0 0 0 JOHN BRADY DIRECTOR 1.00 X 0 0 0 CHAD TREDWAY DIRECTOR (THRU MAY 2023) 1.00 X 0 0 0 MANNY CASANGA DIRECTOR 1.00 X 0 0 0 MELINDA ELLIS-EVERS DIRECTOR 1.00 X 0 0 0 JEFF FINE DIRECTOR 1.00 X 0 0 0 LEE MILLSTEIN DIRECTOR 1.00 X 0 0 0 CHRISTINA SCARLATO DIRECTOR 1.00 X 0 0 0 DEAN ALDER DIRECTOR (EFFECTIVE MAY 2023) 1.00 X 0 0 0 JONATHAN SLAGER DIRECTOR (EFFECTIVE MAY 2023) 1.00 X 0 0 0 ERIC WU DIRECTOR (EFFECTIVE MAY 2023) 1.00 X 0 0 0 IVAN BARRON EXECUTIVE DIRECTOR 40.00 X 274327 0 19834 274327 0 19834 1 0 1 0 0 3823937 18653 3823937 657521 657521 4481458 0 0 657521 2502541 2502541 295148 147574 88544 59030 125298 12259 75752 37287 4241 213 3307 721 24229 8240 10430 5559 29520 29520 32432 32432 9312 3104 3105 3103 9639 7830 1809 40894 20447 20447 27610 27610 750 750 2742 2742 MARKETING 57997 26639 31358 PROGRAM EXPENSES 54000 54000 CONSULTING FEES 52775 11753 24910 16112 BANK FEES 9689 9689 9476 9476 3288293 2786770 298487 203036 404601 618438 13838670 11929277 8672877 8729661 274421 5511 3866 750 0 3116 3264279 23190569 24550282 5551 67334 5551 67334 X 14512141 15753287 8672877 8729661 23185018 24482948 23190569 24550282 1193165 104765 0 X X 0 1 X 1 0 X 4018031 631345 2683677 9497106 3823937 20654096 4018031 631345 2683677 9497106 3823937 20654096 2524282 18129814 89177 17624 935 159451 657521 924708 21578804 0.84020 0.88410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3158302 105977 3264279 1.00000 0 0 3866 750 3116 3116 4586223 104765 104765 4481458 0 4481458 3288293 0 3288293 0 3288293 PART V, LINE 4: THE FOUNDATION INTENDS TO SAFEGUARD ITS ASSETS AND PRESERVE THE REAL PURCHASING POWER OF ITS ASSETS WHILE EARNING INVESTMENT RETURNS WHICH WILL BE USE TO FURTHER THE MISSION OF THE FOUNDATION. 1 SPONSORS FOR EDUCATIONAL OPPORTUNITY INC 55 EXCHANGE PLACE SUITE 601 NEW YORK NY 10005 132578670 501(C)(3) 1591600 0 PREA/SEO REAL ESTATE TRACK SUMMER 2023 INTERNSHIP PROGRAM BASIS IMPACT GROUP FOUNDATION INC 75 BROAD STREET SUITE 2110 NEW YORK NY 10004 815262949 501(C)(3) 200000 0 FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM URBAN ALLIANCE INC 2030 Q STREET NW WASHINGTON DC DC 20009 521938443 501(C)(3) 200000 0 REAL ESTATE SKILLS TRAINING FOR UNDERSERVED HIGH SCHOOL SENIORS ROBERT A TOIGO FOUNDATION 555 12TH STREET SUIT 275 OAKLAND CA 94607 133565420 501(C)(3) 272441 0 EDUCATIONAL PROGRAM ADVANCING THE ENTRANCE AND ONGOING SKILL DEVELOPMENT OF DIVERSE MBAS INTO THE FIELD OF REAL ESTATE GIRLS WHO INVEST INC 28 LIBERTY STREET 6TH FLOOR NEW YORK NY 10005 473894644 501(C)(3) 238500 0 INITIATIVE TO INCREASE THE NUMBER OF COLLEGE-AGE WOMEN WHO ARE EXPOSED TO REAL ESTATE INVESTMENT MANAGEMENT CAREERS THROUGH EDUCATION AND INTERNSHIPS. 5 PART I, LINE 2: THE FOUNDATION MAKES GRANT AWARDS TO PUBLIC CHARITIES UPON REVIEW OF GRANT PROPOSALS THAT SUFFICIENTLY DEMONSTRATE THE INTENDED USE OF THE FUNDS TO SUPPORT REAL-ESTATE RELATED PROGRAMS. THE FOUNDATION REVIEWS PERIODIC REPORTS FROM GRANTEES TO CONFIRM THAT FUNDS DONATED ARE BEING USED IN THE MANNER DESCRIBED AND CONSISTENT WITH THE FOUNDATION'S MISSION. X X 0 0 0 0 0 0 0 0 0 IVAN BARRON EXECUTIVE DIRECTOR 274327 0 0 0 0 0 11250 0 8584 0 294161 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF THE PENSION REAL ESTATE ASSOCIATION WHO ALSO SERVES ON THE BOARD OF DIRECTORS OF THE FOUNDATION. SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990, WHICH IS PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM. THE REVIEW INCLUDES THE FINANCIAL INFORMATION REPORTED AND A REVIEW OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FURTHER, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTEREST THAT COULD GIVE RISE TO CONFLICTS. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISION THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA FOUNDATIONS WEBSITE AS WELL AS UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND ITS SELECTION OF AN INDEPENDENT AUDITOR. THERE HAVE BEEN NO CHANGES IN THIS PROCESS SINCE THE PRIOR YEAR.