l efile GRAPHIC p rint - DO NOT PROCESS Form I As Filed Data - I DLN: 93493114001499 OMB No 1545-0047 I- Return of Or ani72tinn Exam t From Income Tax 990 W ii 2018 Under section 501(c ), 527, or 4947( a)(1) of the Internal Revenue Code ( except private foundations) ^ Do not enter social security numbers on this form as it may be made public Department of the 00, Go to www. irs.gov / Forni990 for instructions and the latest information. Trea,un Internal Rey emre Sen ice For the 2019 calendar y ear, or tax y ear be g innina 01-01- 2018 A . and endina 12-31-2018 C Name of organization PRAGER UNIVERSITY FOUNDATIO B Check if applicable ❑ Address change D Employer identification number 27-1763901 ❑ Name change Doing business as ❑ Initial return ❑ Final return/terminated ❑ Amended return Number and street (or P O box if mail is not delivered to street address) 15021 VENTURA BOULEVARD NO 552 ❑ Application pending C i eiepnone nurnuer Room/suite (747) 251-2005 City or town, state or province, country, and ZIP or foreign postal code SHERMAN OAKS, CA 91403 G Gross receipts $ 28,463,620 F Name and address of principal officer MARISSA STREIT 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS, CA 91403 I J Tax-exempt status Website : ^ R ❑ 501(c)(3) 501(c) ( H(a) Is this a group return for subordinates? H(b) Are all subordinates Included? ❑ 4947(a)(1) or ) A (insert no El 527 If "No," attach a list 9 Corporation ❑ Yes ( see instructions ) H(c) Group exemption number ^ WWW PRAGERU COM K Form of organization No L Year of formation ❑ Trust ❑ Association ❑ Other ^ 2010 M State of legal domicile VA Summary 1 Briefly describe the organization's mission or most significant activities PRODUCTION AND PROMOTION OF ONLINE VIDEOS OF AN EDUCATIONAL NATURE V ti L5 2 3 Check this box ^ ❑ if the organization discontinued its operations or disposed of more than 25% of its net asset s Number of voting members of the governing body (Part Vl, line 1a) . . . . . . . 3 4 Number of independent voting members of the governing body (Part Vl, line 1b) 4 10 5 Total number of individuals employed in calendar year 2018 (Part V, line 2a) 5 44 6 Total number of volunteers (estimate if necessary) Q . . . . 6 7a Total unrelated business revenue from Part VIII, column (C), line 12 b Net unrelated business taxable income from Form 990-T, line 34 . . 7a . . . . . . . 7b Prior Year 8 Contributions and grants (Part VIII, line 1h) . 9 Program service revenue (Part VIII, line 2g) . . . 10 . . 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) . . . 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3 14 Benefits paid to or for members (Part IX, column (A), line 4) . . 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 16a Professional fundraising fees (Part IX, column (A), line 11e) 2,117 117,817 122,762 Current Year 10,238,171 17,942,046 0 8,580 170,474 119,232 -25,085 529,684 10,383,560 18,599,542 0 0 0 0 1,730,965 3,210,488 0 29,315 b Total fundraising expenses (Part IX, column (D), line 25) 17 Other expenses (Part IX, column (A), lines 11a-11d, llf-24e) . 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 19 Revenue less expenses Subtract line 18 from line 12 S2 Z1 9,672,117 8,355,612 12,911,920 2,027,948 Beginning of Current Year T 'M 6,624,647 20 Total assets (Part X, line 16) . 21 Total liabilities (Part X, line 26) 22 . . . . . . . . . Net assets or fund balances Subtract line 21 from line 20 Signature Block Under penalties of perjury, I declare that I have examined this return, Inclui knowledge and belief, it is true, correct, and complete Declaration of prepa any knowledge Sign Here Signature MARISSA STREIT CEO or print name and title Print/Type preparer's name Paid Preparer Use Only Firm's name Preparer's signature ^ MARCUM LLP Firm's address ^ 1899 L STREET NW SUITE 850 WASHINGTON, DC 20036 May the IRS discuss this return with the preparer shown above? ( see instru For Paperwork Reduction Act Notice, see the separate instructions. . . . 8,382,392 5,687,622 End of Year 15,788,191 391,566 1,180,168 7,990,826 14,608,023 Form 990 (2018) Page 2 Statement of Program Service Accomplishments 1 Check if Schedule 0 contains a response or note to any line in this Part III Briefly describe the organization's mission PUBLIC CHARITY THAT WILL BE CARRYING ON PROGRAMS THE PRIMARY PROGRAMS WILL BE ONLINE VIDEOS OF AN EDUCATIONAL NATURE 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . . . . . . . . . . . . . . . . . . . . ❑ Yes . 9 No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Yes 2 No If "Yes," describe these changes on Schedule 0 4 4a Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported (Code ) (Expenses $ 10,619,286 including grants of $ ) (Revenue $ 53,592 See Additional Data 4b (Code ) (Expenses $ including grants of $ ) (Revenue $ 4c (Code ) (Expenses $ including grants of $ ) (Revenue $ 4d Other program services (Describe in Schedule 0 4e Total program service expenses 11o, (Expenses $ including grants of $ ) (Revenue $ 10,619,286 Form 990 (2018) Form 990 (2018) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A . . . . . . . . . . . . . . . . . . . . . 1 2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? 2 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I . . . . . . . . . . . . 3 Section 501(c )( 3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes, " complete Schedule C, Part 11 . . . . . . . . . . . . . 4 No Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-197 If "Yes, " complete Schedule C, Part /// . . . . . . . . . . . . . . . . 5 No Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes, " complete Schedule D, Part I . . . . . . . . . . . . . . . . . . 6 No Did the organization receive or hold a conservation easement, including easements to preserve open space, . the environment, historic land areas, or historic structures? If "Yes, " complete Schedule D, Part 11 °4^ . 7 No 4 5 6 7 . Yes Yes No 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? . If "Yes, " complete Schedule D, Part 1/I . . . . . . . . . . . . 8 No 9 Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt negotiation services7If "Yes, " complete Schedule D, Part IV . . . . . . . . . . . . . . 9 No 10 No I la No 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V *J . . . . . . 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10' If "Yes, " complete Schedule D, Part VI . . . . . . . . . . . . . . . . . . . . b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16' If "Yes," complete Schedule D, Part VII °4^ . Ilb No c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of its . total assets reported in Part X, line 167 If "Yes, " complete Schedule D, Part VIII. . . . . . lic No Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16' If "Yes," complete Schedule D, Part IX. . . . . . . . . . . . . Ild No Ile No d e Did the organization report an amount for other liabilities in Part X, line 257 If "Yes," complete Schedule D, Part X tj f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)' If "Yes, " complete Schedule D, PartX °^ 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes, " complete Schedule D, Parts XI and XII . . . . . . . . . . . . . b . . . . Was the organization included in consolidated, independent audited financial statements for the tax year If " Yes, " and if the organization answered " No " to line 12a, then completing Schedule D, Parts XI and XII is optional °^ 13 hlf Yes 12a Yes 12b No Is the organization a school described in section 170(b)(1)(A)(ii)7 If "Yes," complete Schedule E 13 No 14a No 14b No Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If "Yes, " complete Schedule F, Parts II and IV . 15 No Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes, " complete Schedule F, Parts III and IV . . . 16 No 14a Did the organization maintain an office, employees, or agents outside of the United States? b 15 16 . . . . Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If " Yes, " complete Schedule F, Parts I and IV . . . . . . . 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and lie? If "Yes, " complete Schedule G, Part /(see instructions) . . . . tj 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, . lines 1c and 8a' If "Yes," complete Schedule G, Part II . . . . . . . . . . . . 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a' If "Yes," .^ complete Schedule G, Part 111 . . . . . . . . . . . . . . . . . . 20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H . b 17 Yes 18 Yes 19 No 20a No 20b 21 No If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1' If "Yes, " complete Schedule I, Parts I and II . . . . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 27 If "Yes, " complete Schedule I, Parts I and III . 22 No Form 990 (2018) Form 990 (2018) Page 4 Checklist of Required Schedules (continued) Yes 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J . . . . . . . . . . . . . . . . . . . . . . . . 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes, "answer lines 24b through 24d and complete Schedule K If "No,"go to line 25a . . . . . . . . . . . . . . 23 Yes No 24a b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . . . . . . . . . . . . . . 24c Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d No 24b d 25a Section 501(c )( 3), 501 ( c)(4), and 501(c )( 29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," °^ complete Schedule L, Part I . b 26 27 28 a 25a No 25b No Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes, " complete Schedule L, Part 11 . . . . . . . . . . . . . . . . . 26 No Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part 111 . . . . . . . . . Ij 27 No Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ7 If "Yes, " complete Schedule L, Part I . . . . . . . . . . . . . . . . . . . . Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . . . . . 28a No b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . 28b No c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an . . officer, director, trustee, or direct or indirect owner? If "Yes, " complete Schedule L, Part IV . 1i 28c Yes Yes 29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M . °^ 29 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation . contributions? If "Yes," complete Schedule M . . . . . . . . . . . . . 30 No 31 No Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes, " complete Schedule N, Part /I . 32 No 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3' If "Yes," complete Schedule R, Part I . 33 No 34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part 1/, III, or IV, and Part V, line 1 . . . . . . . . . . . . . . . . . . . . . . . . 34 No 35a No 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part 1 32 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)' b 36 37 38 If'Yes' to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)' If " Yes, " complete Schedule R, Part V, line 2 . 35b Section 501(c )( 3) organizations . Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2 . . . . . . . . . . . . 36 No Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI 37 No Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11b and 197 Note. All Form 990 filers are required to complete Schedule 0 . . . . . . . . . . 38 Yes Statements Regarding Other IRS Filings and Tax Compliance ❑ Check if Schedule 0 contains a response or note to any line in this Part V . Yes la Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable . la 38 lb 0 b Enter the number of Forms W-2G included in line la Enter -0- if not applicable c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? . . . . . . . . . . . . . . . . . lc No Yes Form 990 (2018) Form 990 (2018) Page 5 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return . . . . . . . . . . . . . . . . . b 2a 44 If at least one is reported on line 2a, did the organization file all required federal employment tax returns? Note .If the sum of lines la and 2a is greater than 250, you may be required to e-file (see instructions) 3a Did the organization have unrelated business gross income of $1,000 or more during the year? b . . . If "Yes," has it filed a Form 990-T for this year7If "No" to line 3b, provide an explanation in Schedule 0 . . . 2b Yes 3a Yes 3b Yes 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? . b If "Yes," enter the name of the foreign country ^ See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) 4a No 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? 5a No 5b No . . b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? c If "Yes," to line 5a or 5b, did the organization file Form 8886-T7 . Sc 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? . . b 7 If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . . . . . . . . . . . . 6a No 6b Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? . . 7a Yes 7b Yes b If "Yes," did the organization notify the donor of the value of the goods or services provided? c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 82827 . . . . . . . . . d If "Yes," indicate the number of Forms 8282 filed during the year e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? . . . . . . . . . . . . . . . . . . . . . 7g If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C7 . . . . . . . . . . . . . . . . . . . . . . . . 7h h 8 . b 7c No 7e No 7f No 7d . Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . 9a Did the sponsoring organization make any taxable distributions under section 49667 10 . . . . 8 9a Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? . . . 9b Section 501(c)(7) organizations. Enter a Initiation fees and capital contributions included on Part VIII, line 12 b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 11 . 10a 10b Section 501(c )( 12) organizations. Enter a Gross income from members or shareholders . . . . . . . . b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . . . . . . . . . Ila ilb 12a Section 4947 ( a)(1) non - exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041' b 12a If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b 13 Section 501(c )( 29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? Note . See the instructions for additional information the organization must report on Schedule 0 b Enter the amount of reserves the organization is required to maintain by the states in . . which the organization is licensed to issue qualified health plans . . 13b Enter the amount of reserves on hand 13c c . 14a Did the organization receive any payments for indoor tanning services during the tax year? b 15 16 . 13a . If "Yes," has it filed a Form 720 to report these payments?If "No," provide an explanation in Schedule 0 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule N . Is the organization an educational institution subject to the section 4968 excise tax on net investment income? If "Yes," com p lete Form 4720, Schedule 0 . 14a No 14b 15 16 No No Form 990 (2018) Form 990 ( 2018) Page 6 ■ Governance , Management , and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or IOb below, describe the circumstances, processes, or changes in Schedule 0 See instructions Check if Schedule 0 contains a response or note to any line in this Part VI . Section A. Governinci Body and Management Yes la Enter the number of voting members of the governing body at the end of the tax year la 10 lb I 10 I No If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule 0 b Enter the number of voting members included in line la, above, who are independent 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? 2 No 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? . 3 No 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 4 No 5 Did the organization become aware during the year of a significant diversion of the organization's assets? 5 No 6 Did the organization have members or stockholders? 6 No 7a No 7b No . . 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? . . b 8 a b 9 Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? . Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following The governing body? . . Each committee with authority to act on behalf of the governing body? . . Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization ' s mailing address? If "Yes," provide the names and addresses in Schedule 0 . . . . . . . I 8a Yes 8b Yes 9 I I No Section B. Policies (This Section B requests Information about policies not required by the Internal Revenue Code.) Yes 10a Did the organization have local chapters, branches, or affiliates? b . . 10a No If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? 10b Ila Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? . . Ila Yes b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990 . 12a Did the organization have a written conflict of interest policy? If "No,"go to line 13 . b c 12a Yes Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? . . . 12b Yes Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule 0 how this was done . . . . . . . . . . . . . . . . . . . 12c Yes 13 Yes 14 Yes 15a Yes 15b Yes . 13 Did the organization have a written whistleblower policy? . 14 Did the organization have a written document retention and destruction policy? 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official b Other officers or key employees of the organization . . . No . If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions) 16a Did the organization invest in, contribute assets to, or participate in a Joint venture or similar arrangement with a taxable entity during the year? . b . If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? 16a No 16b Section C . Disclosure 17 List the States with which a copy of this Form 990 is required to be AL, AK , CA, CT, DC, FL, GA , HI , IL, KS , KY , MD , MA , MI , MN , MS , NH , NJ , NM , NV, NY , NC , OK , OR, PA , RI , SC , TN, UT, VA, WV, WI 18 Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable ), 990, and 990 -T (501(c)(3)s only) available for public inspection Indicate how you made these available Check all that apply 19 Describe in Schedule 0 whether ( and if so , how) the organization made its governing documents , conflict of interest policy, and financial statements available to the public during the tax year 20 State the name , address , and telephone number of the person who possesses the organization ' s books and records STREIT 15021 VENTURA BOULEVARD NO 552 SHERMAN OAKS, CA 91403 (747) 251-2005 ❑ Own website ❑ Another' s website 9 Upon request ❑ Other ( explain in Schedule 0) Form 990 (2018) Form 990 (2018) Page 7 Compensation of Officers , Directors , Trustees , Key Employees , Highest Compensated Employees, and Independent Contractors ❑ Check if Schedule 0 contains a response or note to any line in this Part VII Section A. Officers , Directors , Trustees, Key Employees , and Highest Compensated Employees la Complete this table for all persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year • List all of the organization' s current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation Enter -0- in columns (D), (E), and (F) if no compensation was paid • List all of the organization' s current key employees, if any See instructions for definition of "key employee • List the organization's five current highest compensated employees (other than an officer, director, trustee or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations • List all of the organization 's former officers, key employees, or highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations • List all of the organization' s former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations List persons in the following order individual trustees or directors, institutional trustees, officers, key employees, highest compensated employees, and former such persons ❑ Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee (A) Name and Title (B) Average hours per week ( list any hours for related organizations below dotted line) (C) Position (do not check more than one box , unless person is both an officer and a director/ trustee ) 2 = T 1 _ `-i a t v =,I, - (D ) Reportable compensation from the organization (W- 2/1099MISC) ( E) Reportable compensation from related organizations ( W- 2/1099MISC) (F) Estimated amount of other compensation from the organization and related organizations 'r. 0 J ' p ^n I• ^^ El ;r (1) STEVE ROBINSON ...................................................................... CHAIRMAN 1 00 ................ X X 0 0 0 (2) DENNIS BECK ...................................................................... TREASURER 1 00 ................ X X 0 0 0 (3) GREG CASSILETH ...................................................................... SECRETARY 1 00 ................ X X 0 0 0 (4) KIM BENGARD ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (5) DAVID BLUMBERG ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (6) JON FRANCIS ...................................................................... DIRECTOR - UNTIL 08/2018 1 00 ................ X 0 0 0 (7) WILLIAM HERREID III ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (8) BOB HUTT ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (9) RICHARD LEDERER ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (10) BARAK LURIE ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 (11) MARTY WATKINS ...................................................................... DIRECTOR 1 00 ................ X 0 0 0 X 200,000 0 0 30 00 (12) ALLEN ESTRIN ...................................................................... EXECUTIVE DIRECTOR """"""""' (13) MARISSA STREIT ...................................................................... CEO """"""""' X 397,864 0 0 40 00 ................ X 0 0 0 X 183,715 0 4,260 X 137,500 0 4,936 X 125,579 0 5,026 (14) DENNIS PRAGER ...................................................................... PRESIDENT AND FOUNDER X 40 00 40 00 (15) CRAIG STRAZZERI ...................................................................... CHIEF MARKETING OFFICER """"""""' (16) LAYNE THRASHER - AS OF 0418 ...................................................................... CHIEF FINANCIAL OFFICER """"""""' (17) ROBERT KUNS - AS OF 0618 ...................................................................... CHIEF CREATIVE OFFICER """"""""' 40 00 40 00 Form 990 (2018) Form 990 (2018) Page 8 Section A . Officers, Directors , Trustees , Key Employees, and Highest Compensated Employees (continued) (A) Name and Title (B) Average hours per week (list any hours for related organizations below dotted line) (C) Position (do not check more than one box, unless person is both an officer and a director/trustee) _. 2, = r v =,L, T 2 (D ) Reportable compensation from the organization (W2/1099-MISC) ( E) Reportable compensation from related organizations (W2/1099-MISC) (F) Estimated amount of other compensation from the organization and related organizations ii T. ;T lb Sub - Total . ^ c Total from continuation sheets to Part VII, Section A . d Total ( add lines lb and 1c ) 2 . ^ ^ 1,044,658 0 14,222 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization ^ 5 No Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line la? If "Yes," complete Schedule J for such individual . . . . . . . . . . . . 3 No 5 No For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual . . . . . . . . . . . . . . . . . . . . . . . . . Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?lf "Yes," complete Schedule J for such person . . . . . . Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization Report compensation for the calendar year ending with or within the organization's tax year (A) Name and business address FACEBOOK INC 1 HACKER WAY MENLO PARK, CA (B) Description of services ONLINE MEDIA SERVICES (C) Compensation 1,200,928 94025 ICONIC EVENT STUDIOS EVENT PLANNING SERVICES 618,861 ONLINE MEDIA SERVICES 612,388 PARTNERSHIP/LEAD GENERATION 266,803 CONSULTING 237,500 1861 SUNSET PLAZA DRIVE LOS ANGELES, CA 90069 GOOGLE 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW, CA 94043 ACTIVE ENGAGEMENT 113 EAST MARKET STREET SUITE 300 LEESBURG, VA 20176 KANSAS & BROOKLYN 26500 AGOURA ROAD SUITE 600 CALABASAS,CA 91302 2 Total number of independent contractors ( including but not limited to those listed above ) who received more than $ 100,000 of compensation from the organization ^ 14 Form 990 (2018) Form 990 (2018) Page Statement of Revenue ❑ Check if Schedule 0 contains a response or note to any line in this Part VIII (A) Total revenue la Federated campaigns b Membership dues Uj c f.^ _ . (C) Unrelated business revenue (D) Revenue excluded from tax under sections 512 - 514 1a . lb . 1c d Related organizations id e Government grants (contributions) le f (B) Related or exempt function revenue Fundraising events All other contributions, gifts, grants, and similar amounts not included above 1,109,650 16 , 832 , 396 If O g Noncash contributions included in lines la - if $ V h Total . Add lines la-1f . 'a . 813,935 . . . . . ^ 17,942,046 Business Code 8,580 2a HONORARIA 8,580 900099 L, b C d M e f All other program service revenue 0 8,580 gTotal. Add lines 2a-2f . ^ 3 Investment income (including dividends, interest, and other ^ similar amounts) 4 Income from investment of tax-exempt bond proceeds ^ 5 Royalties ^ . . . . . . . . . . (i) Real . 118,632 118,632 1,170,297 1,170,297 600 600 -803,442 -803,442 (ii) Personal 6a Gross rents b Less c rental expenses Rental income or (loss) d Net rental income o r (loss) . . . ^ (i) Securities (ii) Other 7a Gross amount from sales of assets other than inventory 8,860,035 b Less cost or other basis and sales expenses C 8,859,435 600 Gain or (loss) ^ d Net gain or (loss) 8a Gross income from fundraising events y (not including $ 1,109,650 of contributions reported on line 1c) See Part IV, line 18 . cc cc 91 O b Less direct expenses . a 145,900 b 949,342 c Net income or (loss) from fundraising ev ents . ^ 9a Gross income from gaming activities See Part IV, line 19 . . a b Less direct expenses . b c Net income or (loss) from gaming activit ies . ^ 10aGross sales of inventory, less returns and allowances . . b Less cost of goods sold . a 100,313 b 55,301 c Net income or (loss) from sales of inventory Miscellaneous Revenue . ^ 45,012 Business Code 541800 11aADVERTISING 45,012 117,817 117,817 b C dAll other revenue . . eTotal . Add lines 11a-11d ^ 117,817 12 Total revenue . See Instructions ^ 18,599,542 53,592 117,817 486,087 Form 990 (2018) Form 990 (2018) Page 10 Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) Check iF Schedule n contains a res V onse or note to , Y line in this Part IX Do not include amounts reported on lines 6b, 7b, 8b , 9b, and 10b of Part VIII . (A) Total expenses . . . . . . Program service expenses . . . . . Management and general expenses . . . ❑ (D) Fundraisingexpenses 1 Grants and other assistance to domestic organizations and domestic governments See Part IV, line 21 2 Grants and other assistance to domestic individuals See Part IV, line 22 3 Grants and other assistance to foreign organizations, foreign governments , and foreign individuals See Part IV, line 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers , directors , trustees , and key employees . . 1,296,380 608,108 370,608 317,664 1,643,044 1,140,071 202,881 300,092 6 Compensation not included above , to disqualified persons (as defined under section 4958 ( f)(1)) and persons described in section 4958(c)(3)(B) . . 7 Other salaries and wages 8 Pension plan accruals and contributions ( include section 401 (k) and 403(b) employer contributions) . 9 Other employee benefits 10 Payroll taxes . . 102,400 49,996 29,888 22,516 168,664 116,936 40,252 11,476 79,638 3,217 76,421 11 Fees for services ( non-employees) a Management . . b Legal c Accounting 25,718 . d Lobbying 25,718 . 29,315 e Professional fundraising services See Part IV, line 17 f Investment management fees . 29,315 . g Other ( If line 11g amount exceeds 10 % of line 25 , column (A) amount, list line 11g expenses on Schedule 0) 977,302 741,359 7,368,626 7,133,993 13 Office expenses 456,828 368,221 14 Information technology 169,132 169,132 12 Advertising and promotion 15,277 220,666 234,633 20,332 68,275 15 Royalties 16 Occupancy 17 Travel . . . . . . . . . . 155,778 63,948 91,830 170,766 102,138 16,616 52,012 55,245 2,350 16,728 36,167 18 Payments of travel or entertainment expenses for any federal , state , or local public officials . 19 Conferences , conventions , and meetings 20 Interest . . . . . . 21 Payments to affiliates 22 Depreciation , depletion, and amortization 23 Insurance . . . 388 388 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 25, column ( A) amount , list line 24e expenses on Schedule 0 MERCHANDISE 119,817 b MISCELLANEOUS 62,095 31,474 c DUES AND SUBSCRIPTIONS 30,270 30,270 514 514 a d LOSS ON DISPOSAL OF FA 119,817 30,621 e All other expenses 25 Total functional expenses . Add lines 1 through 24e 12,911,920 10,619,286 969,197 1,323,437 26 Joint costs . Complete this line only if the organization reported in column ( B) joint costs from a combined educational campaign and fundraising solicitation Check here ^ ❑ if following SOP 98-2 (ASC 958-720) Form 990 (2018) Form 990 (2018) Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part IX (A) Beginning of year 1 Cash-non-interest-bearing 2 Savings and temporary cash investments Pledges and grants receivable, net 4 Accounts receivable, net 5 7 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part II of Schedule L . . . . . . . . . . . Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L . . . . . . . . . . . . . . Notes and loans receivable, net . 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a b . . . . . . . . . . . . 10a 10b 4,245,218 0 3 3,106,636 20,000 4 0 5 6 7 514 3,461,226 12 Investments-other securities See Part IV, line 11 13 Investments-program-related See Part IV, line 11 14 Intangible assets 15 Other assets See Part IV, line 11 16 Total assets.Add lines 1 through 15 (must equal line 34) 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Tax-exempt bond liabilities 21 Escrow or custodial account liability Complete Part IV of Schedule D . . . . . . . . . 9 142,911 0 Investments-publicly traded securities cZ 7,620,722 2 8 Less accumulated depreciation . 1 600,274 0 Land, buildings, and equipment cost or other basis Complete Part VI of Schedule D . 4,255,266 . 11 A 22 0 C3 :. . 3 6 Qy . (B) End of year 10c 11 624,197 12 . . . 13 . . . . . . . . . 14 . . 45,112 15 48,507 8,382,392 16 15,788,191 391,566 17 955,168 . 18 0 . 19 225,000 20 21 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons Complete Part II of Schedule L . 22 23 Secured mortgages and notes payable to unrelated third parties 24 Unsecured notes and loans payable to unrelated third parties 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24) Complete Part X of Schedule D 26 Total liabilities .Add lines 17 through 25 27 Organizations that follow SFAS 117 ( ASC 958 ), check here ^ complete lines 27 through 29, and lines 33 and 34. Unrestricted net assets 28 Temporarily restricted net assets 29 Permanently restricted net assets . . . 23 . 24 . . . . . . . 25 391,566 26 1,180,168 7,990,826 27 12,158,023 0 28 2,450,000 and . 29 Organizations that do not follow SFAS 117 (ASC 958), y Z 30 check here ^ ❑ and complete lines 30 through 34. Capital stock or trust principal, or current funds 31 Paid-in or capital surplus, or land, building or equipment fund 32 Retained earnings, endowment, accumulated income, or other funds 33 Total net assets or fund balances 34 . Total liabilities and net assets/fund balances . . . . 30 . . . . . . . . . . . 31 32 . 7,990,826 33 14,608,023 8,382,392 34 15,788,191 Form 990 (2018) Form 990 (2018) Page 12 Reconcilliation of Net Assets ❑ Check if Schedule 0 contains a response or note to any line in this Part XI 1 Total revenue (must equal Part VIII, column (A), line 12) . . . . . . . . . . . 1 18,599,542 2 Total expenses (must equal Part IX, column (A), line 25) . . . . . . . . . . . 2 12,911,920 3 Revenue less expenses Subtract line 2 from line 1 3 5,687,622 4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) 4 7,990,826 5 Net unrealized gains (losses) on investments 5 -13,975 6 Donated services and use of facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Investment expenses 8 Prior period adjustments . . . . . . . . . . 9 Other changes in net assets or fund balances (explain in Schedule 0) 10 Net assets or fund balances at end of year Combine lines 3 through 9 (must equal Part X, line 33, column (B)) . . . . . . . . . . . . . . . . . . 7 8 943,550 9 0 10 14,608,023 Financial Statements and Reporting ❑ Check if Schedule 0 contains a response or note to any line in this Part XII Yes 1 No ❑ Cash ❑ Other 2 Accrual If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0 Accounting method used to prepare the Form 990 2a Were the organization's financial statements compiled or reviewed by an independent accountant? 2a No If'Yes,' check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both ❑ Separate basis b ❑ Consolidated basis ❑ Both consolidated and separate basis Were the organization's financial statements audited by an independent accountant? 2b Yes 2c Yes If'Yes,' check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both 9 Separate basis c ❑ Consolidated basis ❑ Both consolidated and separate basis If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits 3a I I No 3b Form 990 (2018) Additional Data Software ID: Software Version: EIN: Name : 27-1763901 PRAGER UNIVERSITY FOUNDATION Form 990 (2018) Form 990 , Part III , Line 4a: PRAGER UNIVERSITY FOUNDATION (THE FOUNDATION) SEEKS TO CREATE A BETTER UNDERSTANDING AND APPRECIATION OF THE UNIQUE AMERICAN JUDEO-CHRISTIAN VALUE SYSTEM BY LEVERAGING THE VIRAL POWER OF THE INTERNET WITH CONTENT - RICH, VISUALLY COMPELLING COURSES THE FOUNDATION PRODUCES FIVEMINUTE VIDEOS WHICH MAKE KEY CONCEPTS ACCESSIBLE, UNDERSTANDABLE AND FUN THE RESULT IS A WHOLE NEW APPROACH TO HIGHER EDUCATION - THE FIVEMINUTE UNIVERSITY THROGUH VIDEO PRODUCTION AND MARKETING WE - EDUCATE THE PUBLIC ON CORE AMERICAN VALUES - SUPPORT ONGOING EDUCATIONAL ACTIVITY AS DETERMINED BY THE BOARD OF DIRECTORS l efile GRAPHIC p rint - DO NOT PROCESS SCHEDULE A (Form 990 or 990EZ ) Department of the Trea^un I As Filed Data - I DLN: 93493114001499 OMB No 1545-0047 Public Charity Status and Public Support Complete if the organization is a section 501(c )( 3) organization or a section 4947(a)(1) nonexempt charitable trust. ^ Attach to Form 990 or Form 990-EZ. ^ Go to www. irs.gov / Form990 for the latest information. 2018 • ' Employer identification number Name of the organization PRAGER UNIVERSITY FOUNDATION 27-1763901 JL^ Reason for Public Charity Status (All organizations must complete this part.) See instructions. The organization is not a private foundation because it is (For lines 1 through 12, check only one box ) 1 A church, convention of churches, or association of churches described in section 170 ( b)(1)(A)(i). 2 A school described in section 170 (b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ) ) 3 A hospital or a cooperative hospital service organization described in section 170(b )( 1)(A)(iii). 4 A medical research organization operated in conjunction with a hospital described in section 170 (b)(1)(A)(iii). Enter the hospital's name, city, and state 5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170 (b)(1)(A)(iv ). (Complete Part II ) 6 A federal, state, or local government or governmental unit described in section 170(b )( 1)(A)(v). 7 Q An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170 ( b)(1)(A)(vi ). (Complete Part II ) 8 A community trust described in section 170(b)(1)(A)(vi ) (Complete Part II ) 9 An agricultural research organization described in 170 ( b)(1)(A)(ix ) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture See instructions Enter the name, city, and state of the college or university 10 An organization that normally receives (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions-subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 See section 509 (a)(2). (Complete Part III ) 11 An organization organized and operated exclusively to test for public safety See section 509(a)(4). 12 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a )(2). See section 509(a )(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g a Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV, Sections A and B. b Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV, Sections A and C. c Type III functionally integrated . A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions) You must complete Part IV, Sections A, D, and E. d Type III non - functionally integrated . A supporting organization operated in connection with its supported organization(s) that is not functionally integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions) You must complete Part IV, Sections A and D , and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization Enter the number of supported organizations g Provide the following information about the supported organization(s) (i) Name of supported (ii) EIN (iii) Type of (iv) Is the organization listed organization organization in your governing document? (described on lines 1- 10 above (see instructions)) Yes Tota For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990-EZ. Cat No 11285F (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions) No Schedule A (Form 990 or 990 - EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page 2 Support Schedule for Organizations Described in Sections 170(b )(1)(A)(iv), 170( b)(1)(A)(vi), and 170 (b)(1)(A)(ix) (Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.) Section A. Public Su pp ort Calendar year (or fiscal year beginning in) ^ Gifts, grants, contributions, and membership fees received (Do not include any "unusual grant ') Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 1 2 (a) 2014 The value of services or facilities furnished by a governmental unit to the organization without charge Total . Add lines 1 through 3 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 3 4 5 (b) 2015 (c) 2016 (d) 2017 (e) 2018 1,742,255 3,572,330 5,443,688 11,181,721 17,942,046 39,882,040 1,742,255 3,572,330 5,443,688 11,181,721 17,942,046 39,882,040 5,234,856 Public support . Subtract line 5 6 (f) Total 34,647,184 from line 4 Section B. Total Su pp ort Calendar year (a)2014 ( b)2015 (or fiscal year beginning in) ^ 1,742,255 3,572,330 7 Amounts from line 4 8 Gross income from interest, dividends, payments received on 40,624 63,567 securities loans, rents, royalties and income from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on Other income Do not include gain 10 or loss from the sale of capital assets (Explain in Part VI ) Total support . Add lines 7 through 11 10 12 Gross receipts from related activities, etc (see instructions) ( c)2016 (d)2017 ( e)2018 ( f)Total 5,443,688 11,181,721 17,942,046 39,882,040 107,029 100 ,808 1,289,529 1,601,557 103,067 103,067 41, 586, 664 12 1 736,036 First five years . If the Form 990 is for the organization 's first , second , third, fourth, or fifth tax year as a section 501(c )(3) organization, check this box and stoD here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^ ❑ Section C. Computation of Public Support Percentage 14 Public support percentage for 2018 (line 6, column (f) divided by line 11, column (f)) 83 310 15 Public support percentage for 2017 Schedule A, Part II, line 14 80 040 15 16a 33 1 / 3% support test-2018 . If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, b and stop here . The organization qualifies as a publicly supported organization ^ 9 33 1 / 3% support test-2017 . If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box and stop here . The organization qualifies as a publicly supported organization 17a 10 %- facts - and-circumstances test-2018 . If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here . Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported b 18 ^ ❑ organization 10%-facts - and-circumstances test-2017 . If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly ^ ❑ supported organization Private foundation . If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see ^ ❑ instructions ^ ❑ Schedule A (Form 990 or 990-EZ) 2018 Page 3 INOMW Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.) Section A. Public Su pp ort Calendar year (or fiscal year beginning in) ^ Gifts, grants, contributions, and 1 membership fees received (Do not include any "unusual grants ") Gross receipts from admissions, 2 merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose Gross receipts from activities that are 3 not an unrelated trade or business under section 513 Tax revenues levied for the 4 organization's benefit and either paid to or expended on its behalf The value of services or facilities 5 furnished by a governmental unit to the organization without charge 6 Total . Add lines 1 through 5 7a Amounts included on lines 1, 2, and 3 received from disqualified persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year c Add lines 7a and 7b 8 Public support . (Subtract line 7c from line 6 (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total Section B. Total Support 9 10a b c 11 12 13 14 Calendar year (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total (or fiscal year beginning in) ^ Amounts from line 6 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 Add lines 10a and 10b Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) Total support. (Add lines 9, 10c, 11, and 12) First five years . If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, ^ ❑ check this box and stop here Section C . Com p utation of Public Su pp ort Percenta g e Public support percentage for 2018 (line 8, column (f) divided by line 13, column (f)) 15 16 Public support percentage from 2017 Schedule A, Part III, line 15 15 16 Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2018 (line 10c, column (f) divided by line 13, column (f)) 17 18 18 Investment income percentage from 2017 Schedule A, Part III, line 17 19a 331 / 3% support tests-2018 . If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ^ ❑ b 33 1 / 3% support tests-2017 . If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here . The organization qualifies as a publicly supported organization 20 Private foundation . If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ^ ❑ ^ ❑ Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page 4 Supporting Organizations (Complete only if you checked a box on line 12 of Part I If you checked 12a of Part I, complete Sections A and B If you checked 12b of Part I, complete Sections A and C If you checked 12c of Part I, complete Sections A, D, and E If you checked 12d of Part I, complete Sections A and D, and complete Part V Section A. All SuoDortina Oraanizations Yes 1 Are all of the organization's supported organizations listed by name in the organization's governing documents? If "No, " describe in Part VI how the supported organizations are designated If designated by class or purpose, describe the designation If historic and continuing relationship, explain 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509 (a)(1) or (2)? If "Yes, " explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2) 3a Did the organization have a supported organization described in section 501(c)(4), (5), or (6)7 If "Yes," answer (b) and (c) below b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If " Yes, " explain in Part VI what controls the organization put in place to ensure such use 4a Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes" and if you checked 12a or 12b in Part I, answer (b) and (c) below b c 5a Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If "Yes, " describe in Part VI how the organization had such control and discretion despite being controlled or su p ervised b y or in connection with its su pp orted org anizations Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)7 If "Yes, " explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(8) purposes Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes," answer (b) and (c) below (if applicable) Also, provide detail in Part VI, including (I) the names and EIN numbers of the supported organizations added, substituted, or removed, (u) the reasons for each such action, (Ili) the authority under the organization ' s organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the org anizin g document) 2 3a 3b 3c 4a 4b 4c 5a b Type I or Type II only . Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only. Was the substitution the result of an event beyond the organization's control? 5c 6 7 8 9a b c 10a b Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization ' s supported organizations? If " Yes, " provide detail in Part VI. 6 Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If "Yes, " complete Part I of Schedule L (Form 990 or 990-EZ) 7 Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 77 If "Yes," complete Part I of Schedule L (Form 990 or 990-EZ) 8 Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))' If "Yes," provide detail in Part VI. 9a Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If "Yes, " provide detail in Part VI. 9b Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If " Yes, " provide detail in Part VI. 9c Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If "Yes," answer line IOb below Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings) 10a 10b No Schedule A (Form 990 or 990-EZ) 2018 Page 5 Supporting Organizations (continued) No 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization? b A family member of a person described in (a) above? c A 35% controlled entity of a person described in (a) or (b) above? If "Yes" to a, b, or c, provide detail in Part VI Section B. Type I Supporting Organizations No Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year? If "No, " describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization's activities If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If "Yes, " explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization Section C. Type II Supporting Organizations No Were a majority of the organization's directors or trustees during the tax year also a majority of the directors or trustees of each of the organization's supported organization(s)? If "No, " describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s) Section D. All Type III Supporting Organizations No Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization's tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization's governing documents in effect on the date of notification, to the extent not previously provided? Were any of the organization's officers, directors, or trustees either (i) appointed or elected by the supported organization (s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s) By reason of the relationship described in (2), did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization's supported organizations played in this regard Section E . Type III Functionally - Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year ( see instructions) a The organization satisfied the Activities Test Complete line 2 below b The organization is the parent of each of its supported organizations Complete line 3 below c The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) Activities Test Answer ( a) and ( b) below. Yes I No a Did substantially all of the organization's activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities b Did the activities described in (a) constitute activities that, but for the organization's involvement, one or more of the organization's supported organization (s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization's position that its supported organization(s) would have engaged in these activities but for the organization's involvement Parent of Supported Organizations Answer ( a) and ( b) below. a Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI. b Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard 3a 3b Schedule A (Form 990 or 990-EZ) 2018 Page 6 Type III Non-Functionally Integrated 509(a )( 3) Supporting Organizations 1 E] Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 ( explain in Part VI) See instructions . All other Type III non-functionally integrated supporting organizations must complete Sections A through E Section A - Adjusted Net Income 1 Net short-term capital gain 1 2 Recoveries of prior-year distributions 2 3 Other gross income (see instructions) 3 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6 7 Other expenses (see instructions) 7 8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8 Section B - Minimum Asset Amount 1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year) (A) Prior Year (B) Current Year (optional) (A) Prior Year (B) Current Year (optional) 1 a Average monthly value of securities la b Average monthly cash balances lb c Fair market value of other non-exempt-use assets Ic d Total (add lines la, 1b, and 1c) id e Discount claimed for blockage or other factors (explain in detail in Part VI) 2 Acquisition indebtedness applicable to non-exempt use assets 2 3 Subtract line 2 from line ld 3 4 Cash deemed held for exempt use Enter 1-1/2% of line 3 (for greater amount, see instructions) 4 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 6 Multiply line 5 by 035 6 7 Recoveries of prior-year distributions 7 Minimum Asset Amount (add line 7 to line 6) 8 8 Current Year Section C - Distributable Amount 1 Adjusted net income for prior year (from Section A, line 8, Column A) 1 2 Enter 85% of line 1 2 3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3 4 Enter greater of line 2 or line 3 4 5 Income tax imposed in prior year 5 6 Distributable Amount . Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6 7 R Check here if the current year is the organization's first as a non-functionally- integrated Type III supporting organization (see instructions) Schedule A (Form 990 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Current Year Section D - Distributions 1 Amounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions . Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2018 from Section C, line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations ( see instructions ) (i) Excess Distributions (ii) Underdistributions Pre-2018 (iii) Distributable Amount for 2018 1 Distributable amount for 2018 from Section C, line 6 2 Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI) See instructions 3 Excess distributions carryover, if any, to 2018 a From 2013. b From 2014. c From 2015. d From 2016. e From 2017. f Total of lines 3a through e g Applied to underdistributions of prior years h Applied to 2018 distributable amount i Carryover from 2013 not applied (see instructions) j Remainder Subtract lines 3g, 3h, and 31 from 3f 4 Distributions for 2018 from Section D, line 7 a Applied to underdistributions of prior years b Applied to 2018 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2018, if any Subtract lines 3g and 4a from line 2 If the amount is greater than zero, explain in Part VI See instructions 6 Remaining underdistributions for 2018 Subtract lines 3h and 4b from line 1 If the amount is greater than zero, explain in Part VI See instructions 7 Excess distributions carryover to 2019 . Add lines 3j and 4c 8 Breakdown of line 7 a Excess from 2014. b Excess from 2015. c Excess from 2016. d Excess from 2017. e Excess from 2018. Schedule A (Form 990 or 990 -EZ) (2018) Additional Data Software ID: Software Version: EIN: Name : 27-1763901 PRAGER UNIVERSITY FOUNDATION Schedule A (Form 990 or 990-EZ) 2018 Supplemental Section A, lines Part IV, Section Section D, lines instructions) Page 8 Information . Provide the explanations required by Part II, line 10, Part II, line 17a 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c, Part IV, Section B, lines 1 D, lines 2 and 3, Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b, Part V, line 1, Part 5, 6, and 8, and Part V, Section E, lines 2, 5, and 6 Also complete this part for any Facts And Circumstances Test I Return Reference I Explanation or 17b, Part III, line 12, Part IV, and 2, Part IV, Section C, line 1, V, Section B, line le, Part V additional information (See efile GRAPHIC print - DO NOT PROCESS SCHEDULE D As Filed Data - DLN: 93493114001499 OMB No 1545-0047 Supplemental Financial Statements (Form 990) ^ Complete if the organization answered " Yes," on Form 990, Part IV, line 6 , 7, 8, 9, 10 , Ila, llb , 11c, lld , Ile, hlf, 12a, or 12b. 2018 ^ Attach to Form 990. ^ Go to www. irs.gov / Form990 for the latest information. O p e n to Public Department of the Trea^un Internal Revenue Ser. ice Inspection Employer identification number Name of the organization PRAGER UNIVERSITY FOUNDATION 27-1763901 JL^ Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds (b)Funds and other accounts Total number at end of year Aggregate value of contributions to (during year) Aggregate value of grants from (during year) Aggregate value at end of year Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subject to the organization's exclusive legal control? 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit ❑ Yes ❑ No ❑ Yes ❑ No Conservation Easements . Complete if the organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply) ❑ Preservation of land for public use (e g , recreation or education) ❑ Preservation of an historically important land area ❑ Protection of natural habitat ❑ Preservation of a certified historic structure ❑ Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Year Total number of conservation easements 2a Total acreage restricted by conservation easements 2b Number of conservation easements on a certified historic structure included in (a) 2c Number of conservation easements included in ( c) acquired after 7 / 25/06 , and not on a historic structure listed in the National Register Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year ^ Number of states where property subject to conservation easement is located ^ Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ❑ Yes ❑ No Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 00, Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)( 4)(B)(ii)? 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements ❑ Yes ❑ No Organizations Maintaining Collections of Art , Historical Treasures , or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. la If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items (i) Revenue included on Form 990, Part VIII, line 1 ^ $ (ii)Assets included in Form 990, Part X ^ $ If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items a Revenue included on Form 990, Part VIII, line 1 b Assets included in Form 990, Part X For Paperwork Reduction Act Notice , see the Instructions for Form 990 . ^ $ Cat No 52283D Schedule D (Form 990) 2018 Schedule D (Form 990) 2018 Page 2 Organizations Maintaining Collections of Art , Historical Treasures , or Other Similar Assets (contnued) 3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply) a b c ❑ Public exhibition d ❑ Loan or exchange programs ❑ Scholarly research e ❑ Other ❑ Preservation for future generations Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII 5 During the year, did the organization solicit or receive donations of art, historical treasures or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? ❑ Yes ❑ No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. la Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X? If "Yes," explain the arrangement in Part XIII and complete the following table Beginning balance lc d Additions during the year id e Distributions during the year le f Ending balance if b ❑ No Amount b c 2a ❑ Yes Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? . . . ❑ Yes If "Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII ❑ . . . . ❑ No Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10. RiQLM (a)Current year la Beginning of year balance b Contributions . (b)Prior year (c)Two years back (d)Three years back (e)Four years back . . c Net investment earnings, gains, and losses d Grants or scholarships . . e Other expenditures for facilities and programs . . f Administrative expenses g End of year balance 2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as a Board designated or quasi-endowment ^ b Permanent endowment ^ c Temporarily restricted endowment ^ The percentages on lines 2a, 2b, and 2c should equal 100% 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by (i) unrelated organizations b 4 . Yes . (ii) related organizations . If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? No 3a(i) 3a(ii) . 3b Describe in Part XIII the intended uses of the organization's endowment funds Land, Buildings, and Equipment. Loam (a) Cost or other basis (investment) Description of property la Land . (b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value . b Buildings . . c Leasehold improvements d Equipment e Other . . . . Total . Add lines la through le (Column (d) must equal Form 990, Part X, column (B), line 10(c)) . ^ 0 Schedule D (Form 990) 2018 Schedule D (Form 990) 2018 Page 3 Investments - Other Securities . Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990. Part X. line 12. (a) Description of security or category (including name of security ) (1) Financial derivatives . . . . ( b) Book value . (2) Closely-held equity interests (3)Other . . . (c) Method of valuation Cost or end-of-year market value . . (A) (B) (C) (D) (E) (F) (G) (H) Total . (Column (b) must equal Fo m 990, Part X, col ( B) l ne 12 ) ^ Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a) Description of investment ( b) Book value ( c) Method of valuation Cost or end-of-year market value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total . (Column (b) must equal Fo m 990, Part X, col (B) l ne 13 ) ^ Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d See Form 990, Part X, line 15 (a) Description (b) Book value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total . (Column (b) must equal Form 990, Part X, col (B) line 15) ^ Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. (a) Description of liability ( b) Book value (1) Federal income taxes (2) (3) (4) (5) (6) (7) (8) (9) Total . (Column (b) must equal Fo m 990, Part X, col (B) l ne 25 ) 0. 1 1 2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740) Check here if the text of the footnote has been provided in Part XIII Schedule D (Form 990) 2018 Schedule D (Form 990) 2018 Page 4 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Com p lete if the org anization answered 'Yes' on Form 990, Part IV, line 12a. 1 Total revenue, gains , and other support per audited financial statements 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12 a Net unrealized gains ( losses ) on investments b Donated services and use of facilities c Recoveries of prior year grants d Other (Describe in Part XIII ) e Add lines 2a through 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amounts included on Form 990, Part VIII, line 12, but not on line 1 . Investment expenses not included on Form 990, Part VIII, line 7b b Other (Describe in Part XIII ) c Add lines 4a and 4b . . . . . . . . . . . . . . -13,975 2b 1,045,637 20,580,032 . . . . . . . 948,828 . . . . . . . 2e . 3 1,980,490 18,599,542 4a . . . . a . 2a 2d . 4 . 1 2c Subtract line 2e from line 1 . . . 3 5 . . . . . . 4b . . . . . . Total revenue Add lines 3 and 4c. (This must equal Form 990, Part I, line 12 . . c . 5 0 18,599,542 Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Com p lete if the org anization answered 'Yes' on Form 990, Part IV, line 12a. 1 Total expenses and losses per audited financial statements 2 1 14,906,385 Amounts included on line 1 but not on Form 990, Part IX, line 25 a Donated services and use of facilities b Prior year adjustments c Other losses d Other (Describe in Part XIII e Add lines 2a through 2d 3 . . . . . . . . . . . . . . . . . . . . . 2a . 2d . . 2c . . . 1,045,637 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 2e from line 1 4 5 . . . . . . . . 948,828 . . . . . . . . . 2e . 3 1,994,465 12,911,920 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b b Other (Describe in Part XIII ) c Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . 4a . . . . 4b . . Total expenses Add lines 3 and 4c. (This must equal Form 990, Part I, line 18 JCMJEM . . . . . . . . . c . 5 0 12,911,920 Supplemental Information Provide the descriptions required for Part II, lines 3, 5, and 9, Part III, lines la and 4, Part IV, lines lb and 2b, Part V, line 4, Part X, line 2, Part XI, lines 2d and 4b, and Part XII, lines 2d and 4b Also complete this part to provide any additional information Return Reference Explanation See Additional Data Table Schedule D (Form 990) 2018 Schedule D (Form 990) 2018 ■ I 1:$ IU Page Supplemental Information (continued) Return Reference I Explanation Additional Data Software ID: Software Version: EIN: Name : 27-1763901 PRAGER UNIVERSITY FOUNDATION Su pp lemental Information Return Reference PART X, LINE 2 Explanation THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DEC EMBER31, 2018, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS emental Information Return Reference I PPART I LINE 2D - OTHER XI, L Explanation I SPECIAL EVENT EXPENSES 949,342 LOSS ON DISPOSAL OF FIXED ASSETS -514 emental Information I Return Reference LINE 2D - OTHER I ADRTS II, Explanation I SPECIAL EVENT EXPENSES 949,342 LOSS ON DISPOSAL OF FIXED ASSETS -514 l efile GRAPHIC print - DO NOT PROCESS SCHEDULE G (Form 990 or 990-EZ) I As Filed Data - I DLN: 93493114001499 OMB No 1545-0047 Supplemental Information Regarding Fundraising or Gaming Activities O 18 Complete if the organization answered " Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15 , 000 on Form 990-EZ , line 6a Department of the Trea^un Internal Revenue Ser ice Op e n to Public ' Attach to Form 990 or Form 990-EZ. Insp e ction to www ors gov/Form990 for instructions and the latest information Name of the organization PRAGER UNIVERSITY FOUNDATION Employer identification number 27-1763901 Fundraising Activities . Complete if the organization answered "Yes" on Form 990, Part IV, line 17. Form 990-EZ filers are not required to complete this part. 1 Indicate whether the organization raised funds through any of the following activities Check all that apply a ./ Mail solicitations e ./ Solicitation of non-government grants b ./ Internet and email solicitations f ./ Solicitation of government grants c ./ Phone solicitations g ./ Special fundraising events d R-/ In-person solicitations 2a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? 0 Yes El No If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be compensated at least $5,000 by the organization b (i) Name and address of individual or entity (fundraiser) 1 (ii) Activity (iii) Did fundraiser have custody or control of contributions? Yes No FUNDRAISING AMERICAN PHILANTHROPIC CONSULTING LLC 18 N CHURCH STREET SUITE 2 (iv) Gross receipts from activity No (v) Amount paid to (or retained by) fundraiser listed in col (i) (vi) Amount paid to (or retained by) organization 300,000 29,315 270,685 300,000 29,315 270,685 WEST CHESTER, PA 19380 2 3 4 5 6 7 8 9 10 Total 3 ^ List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing AL, AK, CA, CT, DC, FL, GA, HI, IL, KS, KY, MD, MA , MI, MN, MS , NH, NJ , NM, NV , NY, NC, OK, OR, PA, RI, SC, TN, UT, VA, WV, WI -----------------For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990 -EZ. Cat No 50083H Schedule G (Form 990 or 990-EZ 2018 Schedule G (Form 990 or 990-EZ) 2018 Page 2 Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000. (a)Event #1 (b) Event #2 (c)Other events GALA/ ANNUAL DINNER (event type) THE SUMMIT (event type) 1 (total number) (d) Total events (add col (a) through col (c)) 1 Gross receipts . 787,344 247,431, 220,775 1,255,550 2 3 Less Contributions . Gross income (line 1 minus line 2) 754,644 179,481 175,525 1,109,650 32,700 67,950 45,250 145,900 10,535 39,344 49,879 55,492 98,854 110,230 264,576 2,879 88,047 18,750 109,676 96,111 525,211 10 Direct expense summary Add lines 4 through 9 in column (d) ^ 949,342 11 Net income summary Subtract line 10 from line 3, column (d) ^ -803,442 4 Cash prizes 5 Noncash prizes . 6 Rent/facility costs . 7 Food and beverages 8 Entertainment 9 Other direct expenses uy CL l1J . 429,100 Gaming . Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a. (a) Bingo 0) (b) Pull tabs/Instant bingo/progressive bingo (d) Total gaming (add col (a) through col (c)) (c) Other gaming G) 1 Gross revenue 2 Cash prizes 3 Noncash prizes 4 Rent/facility costs 5 Other direct expenses uy ti ry ❑ 9 ❑ Yes------------- % ❑ Yes----------------- ❑ Yes--------------- - - ❑ No ❑ No -- 6 Volunteer labor 7 Direct expense summary Add lines 2 through 5 in column (d) ^ 8 Net gaming income summary Subtract line 7 from line 1, column (d). ^ No Enter the state(s) in which the organization conducts gaming activities a Is the organization licensed to conduct gaming activities in each of these states? b If "No," explain 10a b Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? ❑ Yes ❑ No ❑ Yes ❑ No If "Yes," explain Schedule G (Form 990 or 990-EZ) 2018 Schedule G (Form 990 or 990-EZ) 2018 Page 3 11 Does the organization conduct gaming activities with nonmembers? 12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed to administer charitable gaming? 13 Indicate the percentage of gaming activity conducted in ❑ Yes ❑ No ❑ Yes ❑ No a The organization's facility 13a % b An outside facility 13b % 14 Enter the name and address of the person who prepares the organization's gaming/special events books and records Name ^ Address ^ 15a b ---------------------------------------------------------------------------------------------------------------------------------------------- Does the organization have a contract with a third party from whom the organization receives gaming revenue? If "Yes," enter the amount of gaming revenue received by the organization ^ $ ❑ Yes ❑ No ❑ Yes ❑ No and the amount of gaming revenue retained by the third party ^ $ c If "Yes," enter name and address of the third party Name ^ ----------------------------------------------------------------------------------------------------------------------------------------------- Address ^ 16 Gaming manager information Name ^ Gaming manager compensation ^ $ ------------------------------- Description of services provided ^ ❑ Director/officer 17 ❑ Employee ❑ Independent contractor Mandatory distributions a Is the organization required under state law to make charitable distributions from the gaming proceeds to retain the state gaming license? b Enter the amount of distributions required under state law distributed to other exempt organizations or spent in the organization's own exempt activities during the tax year 10, $ Supplemental Information . Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions. Return Reference Explanation Schedule G (Form 990 or 990-EZ) 2018 l efile GRAPHIC p rint - DO NOT PROCESS Department of the Internal Rey enue Serx ice DLN: 93493114001499 Compensation Information OMB No 1545-0047 For certain Officers , Directors , Trustees , Key Employees , and Highest Compensated Employees ^ Complete if the organization answered "Yes" on Form 990, Part IV, line 23. ^ Attach to Form 990. ^ Go to www.irs.gov/Forni990 for instructions and the latest information . 2018 Schedule 3 (Form 990) I As Filed Data - I Open to Public Inspection Employer identification number Name of the organization PRAGER UNIVERSITY FOUNDATION 27-1763901 lj^ Questions Regarding Compensation No la b Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form 990, Part VII, Section A, line la Complete Part III to provide any relevant information regarding these items ❑ First-class or charter travel ❑ Housing allowance or residence for personal use ❑ Travel for companions ❑ Payments for business use of personal residence ❑ Tax idemnification and gross-up payments ❑ Health or social club dues or initiation fees ❑ Discretionary spending account ❑ Personal services (e g , maid, chauffeur, chef) If any of the boxes in line la are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line la ? 3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization's CEO/Executive Director Check all that apply Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III Compensation committee 4 ❑ lb 2 Written employment contract Independent compensation consultant Compensation survey or study Form 990 of other organizations Approval by the board or compensation committee During the year, did any person listed on Form 990, Part VII, Section A, line la, with respect to the filing organization or a related organization a Receive a severance payment or change-of-control payment? 4a No b Participate in, or receive payment from, a supplemental nonqualified retirement plan? 4b No c Participate in, or receive payment from, an equity-based compensation arrangement? If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III 4c No Only 501(c)(3), 501 ( c)(4), and 501 ( c)(29) organizations must complete lines 5-9. 5 For persons listed on Form 990, Part VII, Section A, line la, did the organization pay or accrue any compensation contingent on the revenues of a The organization? 5a b Any related organization? If "Yes," on line 5a or 5b, describe in Part III 5b No 6 Yes For persons listed on Form 990, Part VII, Section A, line la, did the organization pay or accrue any compensation contingent on the net earnings of a The organization? 6a No b Any related organization? 6b No 7 No 8 No If "Yes," on line 6a or 6b, describe in Part III 7 For persons listed on Form 990, Part VII, Section A, line la, did the organization provide any nonfixed payments not described in lines 5 and 67 If "Yes," describe in Part III 8 Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was subject to the initial contract exception described in Regulations section 53 4958-4(a)(3)7 If "Yes," describe in Part III 9 If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53 4958-6(c)? For Paperwork Reduction Act Notice , see the Instructions for Form 990 . Cat No 50053T g Schedule 3 (Form 990) 2018 Schedule J (Form 990) 2018 Page 2 Officers, Directors , Trustees , Key Employees, and Highest Compensated Employees . Use duplicate copies if additional space is needed. For each individual whose compensation must be reported on Schedule 3, report compensation from the organization on row (i) and from related organizations, described in the instructions, on row (ii) Do not list any individuals that are not listed on Form 990, Part VII Note . The sum of columns (B)(il-(iiil for each listed individual must equal the total amount of Form 990. Part VII. Section A. line la. aoolicable column (D) and (E) amounts for that individual (A) Name and Title (B ) Breakdown of W-2 and/or 1099-MISC compensation (i) Base compensation 1 ALLEN ESTRIN EXECUTIVE DIRECTOR 2 MARISSA STREIT CEO 3 CRAIG STRAZZERI CHIEF MARKETING OFFICER (i) 200,000 - - - - - - - - - - - - - (ii) 0 (i) 275,000 - - - - - - - - - - - - - (ii) 0 (i) 160,000 - - - - - - - - - - - - - (ii) 0 ( ii) Bonus & incentive compensation (iii) Other reportable compensation ( C) Retirement and other deferred compensation (D ) Nontaxable benefits (E) Total of columns ( B)(i)-(D) ( F) Compensation in column (B) reported as deferred on prior Form 990 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 200,000 - - - - - - - - - - - - 0 ------------0 0 122,864 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 397,864 - - - - - - - - - - - - 0 ------------0 23,715 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 0 - - - - - - - - - - - - 0 4,260 - - - - - - - - - - - - 0 187,975 - - - - - - - - - - - - 0 ------------0 0 0 Schedule J (Form 990) 2018 Lijj= Page 3 Supplemental Information Provide the information , explanation , or descriptions required for Part I , lines la, 1b , 3, 4a, 4b, 4c, 5a, 5b , 6a, 6b, 7, and 8 , and for Part II Also complete this part for any additional information 7 Return Reference PART I, LINE 5 Explanation CRAIG STRAZZERI, CHIEF MARKETING OFFICER, RECEIVES 0 9% OF ONLINE FUNDRAISING MARISSA STREIT, CHIEF EXECUTIVE OFFICER, RECEIVES 1 25% OF I FUNDRAISING WITH AN ANNUAL AMOUNT NOT TO EXCEED $ 400,000 Schedule J (Form 9901 2018 l efile GRAPHIC print - DO NOT PROCESS Schedule L (Form 990 or 990-EZ) As Filed Data - DLN:93493114001499 OMB No 1545-0047 Transactions with Interested Persons ^ Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b. ^ Attach to Form 990 or Form 990-EZ. to www.irs.gov/Form990 for the latest information. 2018 Department of the Trea^un Internal Rev enue Ser ice Employer identification number Name of the organization PRAGER UNIVERSITY FOUNDATION 27-1763901 Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only) Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b (a) Name of disqualified person (b) Relationship between disqualified person and (c) Description of organization transaction 2 3 (d) Corrected? Yes No Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958 ^ $ Enter the amount of tax, if any, on line 2, above, reimbursed by the organization . ^ $ Loans to and / or From Interested Persons. Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26, or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22 (a) Name of (b) Relationship (c) Purpose (d) Loan to or from the (e)Original (f)Balance (g) In (h) (i)Written interested person with organization of loan organization? principal due default? Approved by agreement? amount board or committee? To Total From Yes ^ $ FFN No Yes No Yes No 1 1 Grants or Assistance Benefiting Interested Persons. Complete if the org anization answered "Yes" on Form 990, Part IV, line 27. (a) Name of interested person (b) Relationship between interested person and the (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance organization For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990 -EZ. Cat No 50056A Schedule L (Form 990 or 990-EZ) 2018 Schedule L (Form 990 or 990-EZ) 2018 Page 2 Business Transactions Involving Interested Persons. Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c. (a) Name of interested person ( b) Relationship between interested person and the organization (c) Amount of transaction ( d) Description of transaction (e) Sharing of organization's revenues? Yes No (1) KANSAS & BROOKLYN ENTITY OWNED BY DENNIS PRAGER 237,500 KANSAS & BROOKLYN RECEIVED $237,500 FOR CONSULTING SERVICES PERFORMED BY DENNIS PRAGER, FOUNDER AND PRESIDENT No (2) PALM TREE CONSULTING ENTITY OWNED BY DAVID PRAGER, FAMILY RELATIONSHIP WITH DENNIS PRAGER 155,700 PALM TREE CONSULTING RECEIVED $155,700 FOR CONSULTING SERVICES PERFORMED BY DAVID PRAGER, WHO HAS A FAMILY RELATIONSHIP WITH DENNIS PRAGER, FOUNDER AND PRESIDENT No Supplemental Information Provide additional information for responses to questions on Schedule L (see instructions) Return Reference I Explanation Schedule L (Form 990 or 990-EZ) 2018 l efile GRAPHIC print - DO NOT PROCESS SCHEDULE M (Form 990) As Filed Data - DLN:93493114001499 OMB No 1545-0047 Noncash Contributions 2018 ^ Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30. ^ Attach to Form 990. ii- Go to www. irs.gov / Form990 for the latest information. un Department ofche Internal Revenue Ser ice Employer identification number Name of the organization PRAGER UNIVERSITY FOUNDATION 27-1763901 Types of Property (a) (b) Check if Number of contributions or applicable items contributed 1 Art-Works of art 2 Art-Historical treasures . . . 3 Art-Fractional interests 4 Books and publications 5 Clothing and household goods . . . . . Cars and other vehicles 6 . 7 Boats and planes . Intellectual property . 9 Securities-Publicly traded . . . . . . . . X 10 Securities-Closely held stock 11 Securities-Partnership, LLC, or trust interests Securities-Miscellaneous 12 13 15 Qualified conservation contribution-Historic structures Qualified conservation contribution-Other . Real estate-Residential 16 Real estate-Commercial 14 17 Real estate-Other 18 Collectibles . . . . . . . . 53 . . 19 Food inventory 20 Drugs and medical supplies 21 Taxidermy 22 Historical artifacts 23 Scientific specimens 24 Archeological artifacts 25 Other ^ ( ) 26 Other ^ ( ) 27 Other ^ ( ) 28 Other ^ ( ) 29 Number of Forms 8283 received by the organization during the tax year for contributions for which the organization completed Form 8283, Part IV, Donee Acknowledgement . . . . . 813,935 FMV . . . (d) Method of determining noncash contribution amounts . . 8 (c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g . . . . . . . . . . 29 Yes No 30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? . 30a No - b If "Yes," describe the arrangement in Part II 31 Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions? 32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash contributions? . . . . . . . . . . . . . . . . . . 31 Yes 32a Yes b If "Yes," describe in Part II 33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked, describe in Part II For Paperwork Reduction Act Notice , see the Instructions for Form 990 . Cat No 512273 Schedule M (Form 990 ) ( 2018) Page 2 Schedule M ( Form 990 ) ( 2018 ) Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this Dart for any additional information. I Return Reference Explanation PART I, COLUMN (B) THE TOTAL REPRESENTED IN PART I, COLUMN ( B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2018 PART I, LINE 32B THE FOUNDATION WILL WORK WITH ESTATE ATTORNEYS/FIDUCIARIES FOR ANY LEGACY GIFTS AND I ESTATES WHEN A DONOR PASSES, AS IS NEEDED Schedule M (Form 990 ) (2018) l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93493114001499 OMB No 1545-0047 SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ (Form 990 or 990- Complete to provide information for responses to specific questions on Form 990 or 990 -EZ or to provide any additional information. ^ Attach to Form 990 or 990 - EZ. ^ Go to www.irs.gov/Form990 for the latest information. EZ) Department of the Trea,un 20 1 8 O pe n Inspection Employer identification number I T4 &E5RterMF9' 1Station PRAGER UNIVERSITY FOUNDATION 27-1763901 990 Schedule 0, Supplemental Information Return Reference FORM 990, PART VI, SECTION B, LINE 11B Explanation THE FEDERAL FORM 990 IS INITIALLY REVIEWED BY CFO, CEO, AND EXECUTIVE DIRECTOR IT IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR THE FINAL REVIEW UPON THE BOARD OF DIRECTOR S' APPROVAL, THE FEDERAL FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE 990 Schedule 0, Supplemental Information Return Reference FORM 990, PART VI, SECTION B, LINE 12C Explanation EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON - HAS RECEIVED A COPY OF THE C ONFLICT OF INTEREST POLICY, - HAS READ AND UNDERSTANDS THE POLICY, - HAS AGREED TO COMPLY WITH THE POLICY, AND - UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR M ORE OF ITS TAX-EXEMPT PURPOSES 990 Schedule 0, Supplemental Information Return Reference FORM 990, PART VI, SECTION B, LINE 15 Explanation DETERMINING COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, AND OTHER OFFICERS IS DONE BY TH E BOARD OF DIRECTORS, OFTEN IN CONJUNCTION WITH A PROFESSIONAL SEARCH FIRM SALARY SURVEYS , EXPERT KNOWLEDGE, AND CANDIDATE EXPERIENCE ARE KEY DETERMINANTS OF THE CEO AND EXECUTIVE DIRECTOR'S SALARY THE LAST COMPENSATION STUDY WAS CONDUCTED IN NOVEMBER 2018 990 Schedule 0, Supplemental Information Return Reference FORM 990, PART VI, SECTION C, LINE 19 Explanation PRAGER UNIVERSITY FOUNDATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, F INANCIAL STATEMENTS, FEDERAL FORMS 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABL E TO THE PUBLIC UPON REQUEST