2023-05-10T12:23:23-05:00 2022-12-31 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2022-01-01 821060870 PREA FOUNDATION INC PREA 8606926341 100 PEARL SREET 13TH FLOOR HARTFORD CT 06103 IVAN BARRON EXECUTIVE DIRECTOR 8606926341 2023-05-05 1 IVAN BARRON 999009999 0 MICHELLE J AMARAL P01935748 7813564800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z IVAN BARRON 100 PEARL SREET 13TH FLOOR HARTFORD CT 06103 9656557 0 X WWW.PREA.ORG/FOUNDATION X 2017 NY TO ADVANCE DIVERSITY AND INCLUSION IN THE INSTITUTIONAL REAL ESTATE INDUSTRY 21 21 2 29 0 0 2683677 9497106 0 0 935 159451 0 0 2684612 9656557 1067650 1234859 0 0 285742 358207 0 0 131472 178552 180424 1531944 1773490 1152668 7883067 15344989 23190569 43038 5551 15301951 23185018 THE MISSION OF PREA FOUNDATION, INC. (THE FOUNDATION) IS TO FURTHER THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY ADVANCING INDUSTRY-WIDE DIVERSITY AND INCLUSION. 0 0 1391732 1234859 THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO QUALIFIED GRANTEE(S) WHICH PROVIDE PROFESSIONAL DEVELOPMENT PROGRAMS AND TRAINING TO ENCOURAGE MINORITIES TO PURSUE CAREERS IN THE REAL ESTATE INDUSTRY. DURING THE YEAR ENDED DECEMBER 31, 2022, THE PROGRAM SERVED 327 STUDENTS, 128 BY SEO, 124 BY URBAN ALLIANCE AND 75 BY REEX. 1391732 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA CO CT DC FL GA IL MD MA NV NJ NY NC OH OR PA SC VA WA X X IVAN BARRON 2065375769 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 DEBBIE HARMON CHAIR 1.00 X X 0 0 0 KEVIN FAXON PRESIDENT 1.00 X X 0 0 0 DHVANI SHAH TREASURER 1.00 X X 0 0 0 YVONNE NELSON SECRETARY 1.00 X X 0 0 0 KATHLEEN MCCARTHY VICE PRESIDENT 1.00 X X 0 0 0 JONATHAN DAVIS DIRECTOR 1.00 X 0 0 0 MIKE DIRE DIRECTOR 1.00 X 0 0 0 DAVID GILBERT DIRECTOR 1.00 X 0 0 0 GAIL HAYNES DIRECTOR 1.00 X 0 0 0 SONNY KALSI DIRECTOR 1.00 X 0 0 0 ERIC LANG DIRECTOR 1.00 X 0 0 0 LINDA ASSANTE DIRECTOR 1.00 X 0 0 0 TOM LEE DIRECTOR 1.00 X 0 0 0 CHRIS LEE DIRECTOR 1.00 X 0 0 0 JOHN BRADY DIRECTOR 1.00 X 0 0 0 CHAD TREDWAY DIRECTOR 1.00 X 0 0 0 MANNY CASANGA DIRECTOR 1.00 X 0 0 0 MELINDA ELLIS-EVERS DIRECTOR 1.00 X 0 0 0 JEFF FINE DIRECTOR 1.00 X 0 0 0 LEE MILLSTEIN DIRECTOR 1.00 X 0 0 0 CHRISTINA SCARLATO DIRECTOR 1.00 X 0 0 0 IVAN BARRON EXECUTIVE DIRECTOR 40.00 X 258000 0 26350 258000 0 26350 1 0 1 0 0 9497106 14072 9497106 159451 159451 9656557 0 0 159451 1234859 1234859 262850 105140 105140 52570 76500 7650 45900 22950 18857 5682 8783 4392 17073 17073 26965 26965 25339 25339 5186 1728 1729 1729 8114 8114 23821 11911 11910 2901 2901 CONSULTING FEES 49651 23637 13432 12582 BANK FEES 11856 11856 PAYROLL FEES 6129 6129 TAXES AND LICENSES 2264 2264 1125 1125 1773490 1391732 250286 131472 1065008 404601 10529219 13838670 3744343 8672877 6419 274421 15344989 23190569 41838 5551 1200 0 43038 5551 X 11557608 14512141 3744343 8672877 15301951 23185018 15344989 23190569 7883067 0 X X 0 1 X 1 0 X 2948339 4018031 631345 2683677 9497106 19778498 2948339 4018031 631345 2683677 9497106 19778498 2008866 17769632 53075 89177 17624 935 159451 320262 20098760 0.88410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 9656557 0 9656557 0 9656557 1773490 0 1773490 0 1773490 1 SPONSORS FOR EDUCATIONAL OPPORTUNITY INC 55 EXCHANGE PLACE SUITE 601 NEW YORK NY 10005 132578670 501(C)(3) 799800 0 PREA/SEO REAL ESTATE TRACK SUMMER 2022 INTERNSHIP PROGRAM BASIS IMPACT GROUP FOUNDATION INC 75 BROAD STREET SUITE 2110 NEW YORK NY 10004 815262949 501(C)(3) 220000 0 FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM URBAN ALLIANCE INC 2030 Q STREET NW WASHINGTON DC DC 20009 521938443 501(C)(3) 200000 0 REAL ESTATE SKILLS TRAINING FOR UNDERSERVED HIGH SCHOOL SENIORS ROBERT A TOIGO FOUNDATION 1 ROCKEFELLER PLAZA NEW YORK NY 10020 133565420 501(C)(3) 15059 0 EDUCATIONAL PROGRAM ADVANCING THE ENTRANCE AND ONGOING SKILL DEVELOPMENT OF DIVERSE MBAS INTO THE FIELD OF REAL ESTATE 4 PART I, LINE 2: THE FOUNDATION MAKES GRANT AWARDS TO PUBLIC CHARITIES UPON REVIEW OF GRANT PROPOSALS THAT SUFFICIENTLY DEMONSTRATE THE INTENDED USE OF THE FUNDS TO SUPPORT REAL-ESTATE RELATED PROGRAMS. THE FOUNDATION REVIEWS PERIODIC REPORTS FROM GRANTEES TO CONFIRM THAT FUNDS DONATED ARE BEING USED IN THE MANNER DESCRIBED AND CONSISTENT WITH THE FOUNDATION'S MISSION. X X 0 0 0 0 0 0 0 0 0 IVAN BARRON EXECUTIVE DIRECTOR 258000 0 0 0 0 0 10250 0 16100 0 284350 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF THE PENSION REAL ESTATE ASSOCIATION WHO ALSO SERVES ON THE BOARD OF DIRECTORS OF THE FOUNDATION. SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990, WHICH IS PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM. THE REVIEW INCLUDES THE FINANCIAL INFORMATION REPORTED AND A REVIEW OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FURTHER, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTEREST THAT COULD GIVE RISE TO CONFLICTS. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISION THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA FOUNDATIONS WEBSITE AS WELL AS UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND ITS SELECTION OF AN INDEPENDENT AUDITOR. THERE HAVE BEEN NO CHANGES IN THIS PROCESS SINCE THE PRIOR YEAR.