Prager University Foundation 
The information on this page was last updated 10/2/2023. If you see errors or omissions, please email: [email protected]
Summary
PragerU promotes American values through the creative use of educational videos that reach millions of people online.
Contact information
Mailing address:
15021 Ventura Blvd. #552
Sherman Oaks, CA 91403
Website: prageru.com
Phone: (833)772-4378
Email: [email protected]
Organization details
EIN: 271763901
CEO/President: Marissa Streit
Chairman: Steve Robinson
Board size: 7
Founder: Dennis Prager
Ruling year: 2010
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
As a 501(c)(3) nonprofit, Prager University Foundation ("PragerU") offers a free alternative to the dominant left-wing ideology in culture, media, and education.
Mission statement
PragerU promotes American values through the creative use of educational videos that reach millions of people online.
Statement of faith
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Advocacy
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1002 of 1117 | 35 of 38 |
| Fund acquisition rating | | 983 of 1118 | 36 of 38 |
| Resource allocation rating | | 818 of 1118 | 28 of 38 |
| Asset utilization rating | | 811 of 1117 | 23 of 38 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 16% | 13% | 10% | 10% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 16% | 13% | 10% | 10% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 96% | 97% | 100% | 99% | 96% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 8% | 19% | 19% | 17% | 17% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 4% | 3% | 0% | 1% | 4% | 6% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 74% | 74% | 76% | 75% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 81% | 69% | 58% | 57% | 72% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 59% | 51% | 44% | 43% | 57% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 19% | 31% | 42% | 43% | 28% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 14% | 26% | 39% | 42% | 32% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 7% | 7% | 7% | 8% | 8% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.98 | 0.54 | 0.52 | 0.52 | 0.53 | 0.76 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.31 | 1.05 | 1.08 | 1.00 | 1.01 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.73 | 0.57 | 0.56 | 0.52 | 0.53 | 0.76 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 16.14 | 25.20 | 27.37 | 23.69 | 39.53 | 19.72 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.04 | 0.04 | 0.04 | 0.03 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.22 | 20.14 | 20.51 | 22.19 | 22.06 | 14.97 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 9% | 11% | 4% | 4% | 5% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 2% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 69% | 168% | 170% | 185% | 182% | 125% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $23,030,741 | $26,142,659 | $33,124,000 | $29,695,020 | $16,251,352 |
| Receivables, inventories, prepaids | $5,767,466 | $4,524,154 | $2,199,752 | $2,144,121 | $2,253,492 |
| Short-term investments | $68,078,945 | $49,961,781 | $28,225,983 | $6,845,396 | $3,927,633 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $96,877,152 | $80,628,594 | $63,549,735 | $38,684,537 | $22,432,477 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $892,835 | $370,469 | $90,146 | $59,175 | $31,871 |
| Other long-term assets | $4,253,247 | $5,725,258 | $212,068 | $197,748 | $63,210 |
| Total long-term assets | $5,146,082 | $6,095,727 | $302,214 | $256,923 | $95,081 |
| Total assets | $102,023,234 | $86,724,321 | $63,851,949 | $38,941,460 | $22,527,558 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $3,790,030 | $2,886,852 | $2,682,133 | $978,724 | $1,137,681 |
| Other current liabilities | $55,000 | $58,500 | $0 | $0 | $0 |
| Total current liabilities | $3,845,030 | $2,945,352 | $2,682,133 | $978,724 | $1,137,681 |
| Debt | $0 | $0 | $0 | $704,057 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $5,115,125 | $6,384,175 | $185,570 | $0 | $0 |
| Total long-term liabilities | $5,115,125 | $6,384,175 | $185,570 | $704,057 | $0 |
| Total liabilities | $8,960,155 | $9,329,527 | $2,867,703 | $1,682,781 | $1,137,681 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $88,212,599 | $72,500,230 | $57,596,699 | $36,708,679 | $19,342,507 |
| With donor restrictions | $4,850,480 | $4,894,564 | $3,387,547 | $550,000 | $2,047,370 |
| Net assets | $93,063,079 | $77,394,794 | $60,984,246 | $37,258,679 | $21,389,877 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $66,561,915 | $65,180,092 | $55,881,319 | $34,681,451 | $22,372,603 |
| Program service revenue | $0 | $5,000 | $40,300 | $3,000 | $54,146 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,277,757 | $719,111 | $436,289 | $138,184 | $265,684 |
| Other revenue | ($160,834) | ($404,646) | $276,835 | $1,365,559 | $1,115,327 |
| Total other revenue | $2,116,923 | $319,465 | $753,424 | $1,506,743 | $1,435,157 |
| Total revenue | $68,678,838 | $65,499,557 | $56,634,743 | $36,188,194 | $23,807,760 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $40,859,274 | $33,497,160 | $25,055,899 | $15,438,417 | $13,674,959 |
| Management and general | $3,853,570 | $3,348,647 | $2,297,721 | $1,592,386 | $1,392,629 |
| Fundraising | $10,711,094 | $8,609,270 | $5,555,556 | $3,483,274 | $1,999,392 |
| Total expenses | $55,423,938 | $45,455,077 | $32,909,176 | $20,514,077 | $17,066,980 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $13,254,900 | $20,044,480 | $23,725,567 | $15,674,117 | $6,740,780 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $13,254,900 | $20,044,480 | $23,725,567 | $15,674,117 | $6,740,780 |
Compensation
| Name | Title | Compensation |
| Marissa Streit | Chief Executive Officer | $947,305 |
| David Prager | Chief Development Officer | $432,396 |
| Craig Strazzeri | Chief Marketing Officer | $412,573 |
| Layne Thrasher | Chief Financial Officer | $409,038 |
| Allen Estrin | Executive Director | $305,000 |
| Susan Ekpunobi | Personality (to 9/2023) | $229,623 |
| Kevin Royse | Chief Advancement Officer (to 10/2023) | $227,744 |
| Lara Erman | Co-Head of Production | $203,383 |
| Amanda Rossie | Director, Development Operations | $198,874 |
| Kelly McNair | VP, Development | $196,842 |
| Lucy Werner | VP, Development | $188,800 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/2/2023. To update the information below, please email: [email protected]
History
Program accomplishments
Over 8B lifetime views-1.9B+ views in 2022 alone!
PragerU content is watched 5M times every day.
1M+ households have downloaded the PragerU app
700K+ parents, grandparents, and educators have subscribed to PragerU Kids!