Nonprofit · EIN 82-1060870
PREA FOUNDATION INC
Tax-exempt · HARTFORD, CT 06103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,806,171 | $4,311,800 | $1,494,371 | $39,112,829 | $108,216 | $39,004,613 |
| December 31, 2024 | 990 | $14,098,469 | $3,712,060 | $10,386,409 | $35,763,271 | $79,789 | $35,683,482 |
| December 31, 2023 | 990 | $4,481,458 | $3,288,293 | $1,193,165 | $24,550,282 | $67,334 | $24,482,948 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,181,643
- Program service revenue
- $0
- Investment income
- $624,528
- Net gain from sales of assets
- $214,135
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,223,273
- Compensation of officers, directors and key employees
- $377,947
- Other salaries and wages
- $226,989
- Salaries, compensation and benefits (total)
- $655,805
- Professional fundraising fees
- $0
- Legal fees
- $63,207
- Accounting fees
- $31,603
- Travel
- $56,980
- Depreciation
- $2,210
- Program services (functional)
- $3,607,943
- Management and general (functional)
- $325,046
- Fundraising (functional)
- $378,811
Balance sheet and other
- Total assets, start of year
- $35,763,271
- Total assets, end of year
- $39,112,829
- Total liabilities, end of year
- $108,216
- Net assets, end of year
- $39,004,613
- Land, buildings and equipment
- $3,372
- Publicly traded securities
- $18,695,508
- Net assets without donor restrictions
- $21,779,048
- Net assets with donor restrictions
- $17,225,565
- Gross receipts
- $5,947,242
- Employees
- 4
- Volunteers
- 39
- Year formed
- 2017
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IVAN BARRON | EXECUTIVE DIRECTOR Officer | 40 | $324,244 | $29,782 |
| DEBORAH HARMON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN FAXON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LINDA ASSANTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DHVANI SHAH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MANNY CASANGA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN ADLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANAR CHUDGAR | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 | $0 |
| KHALIF EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY FINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL HAYNES | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 | $0 |
| SONNY KALSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZANETA KOPLEWICZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC LANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS LEE | DIRECTOR Trustee or director | 1 | $0 |
| CATHY MARCUS | DIRECTOR Trustee or director | 1 | $0 |
| ALFONSO MUNK | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA NUNNINK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA SCARLATO | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN SLAGER | DIRECTOR Trustee or director | 1 | $0 |
| ARTURO SNEIDER | DIRECTOR Trustee or director | 1 | $0 |
| DENISE STAKE | DIRECTOR Trustee or director | 1 | $0 |
| SALLY STOCKS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IVAN BARRON | EXECUTIVE DIRECTOR Officer | 40 | $274,519 | $20,569 |
| DEBBIE HARMON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN FAXON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LINDA ASSANTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DHVANI SHAH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MANNY CASANGA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA NUNNINK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALFONSO MUNK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL HAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONNY KALSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC LANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD TREDWAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA ELLIS-EVERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF FINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE MILLSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA SCARLATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN ADLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN SLAGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC WU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YVONNE NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANAR CHUDGAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IVAN BARRON | EXECUTIVE DIRECTOR Officer | 40 | $274,327 | $19,834 |
| DEBBIE HARMON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN FAXON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DHVANI SHAH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| YVONNE NELSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KATHLEEN MCCARTHY | VICE PRESIDENT (THRU MAY 2023) Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE DIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID GILBERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL HAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONNY KALSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC LANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA ASSANTE | VICE PRESIDENT (EFFECTIVE MAY 2023) Trustee or director, Officer | 1 | $0 | $0 |
| TOM LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD TREDWAY | DIRECTOR (THRU MAY 2023) Trustee or director | 1 | $0 | $0 |
| MANNY CASANGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA ELLIS-EVERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF FINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE MILLSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA SCARLATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN ALDER | DIRECTOR (EFFECTIVE MAY 2023) Trustee or director | 1 | $0 | $0 |
| JONATHAN SLAGER | DIRECTOR (EFFECTIVE MAY 2023) Trustee or director | 1 | $0 | $0 |
| ERIC WU | DIRECTOR (EFFECTIVE MAY 2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 PEARL ST FL 13, HARTFORD, CT 06103-4511
- In care of
- % PENSION REAL ESTATE ASSOCIATION
- Principal officer (990 for 2025)
- IVAN BARRON, 100 PEARL SREET 13TH FLOOR, HARTFORD, CT 06103
- Signed the 990
- IVAN BARRON, EXECUTIVE DIRECTOR
- Phone
- (860) 692-6341
- Website
- WWW.PREA.ORG/FOUNDATION
- Return prepared by
- LEONARD MULHERIN & GREENE PC
Mission
THE MISSION OF PREA FOUNDATION, INC. IS TO ADVANCE THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY CREATING OPPORTUNITIES FOR PEOPLE FROM ALL BACKGROUNDS TO ACCESS AND EXCEL IN THE INDUSTRY.
Program accomplishments
- THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO QUALIFIED GRANTEES WHICH PROVIDE PROFESSIONAL DEVELOPMENT PROGRAMS AND TRAINING TO ENCOURAGE INDIVIDUALS TO PURSUE CAREERS IN THE REAL ESTATE INDUSTRY. DURING THE YEAR ENDED DECEMBER 31, 2025, THE PROGRAM SERVED 7,952 STUDENTS.Expenses $3,607,943 · grants $3,223,273
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1060870
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J21)
- Assets (IRS master file)
- $39,112,829
- Income (IRS master file)
- $5,947,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,806,171 | $4,311,800 | $39,112,829 | IRS |
| 990 | December 2024 | $14,098,469 | $3,712,060 | $35,763,271 | IRS |
| 990 | December 2023 | $4,481,458 | $3,288,293 | $24,550,282 | XML |
| 990 | December 2022 | $9,656,557 | $1,773,490 | $23,190,569 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1060870).
Questions about PREA FOUNDATION INC
- What is the EIN of PREA FOUNDATION INC?
- The employer identification number (EIN) of PREA FOUNDATION INC is 82-1060870.
- Is PREA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to PREA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PREA FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PREA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PREA FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names IVAN BARRON.
- Who are the officers and directors of PREA FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 24 people; 1 received compensation from the organization, the highest $324,244 (IVAN BARRON, EXECUTIVE DIRECTOR).
- How much revenue does PREA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,806,171, expenses of $4,311,800 and total assets of $39,112,829 at year end.
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