THE MISSION OF PREA FOUNDATION, INC. IS TO ADVANCE THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY CREATING OPPORTUNITIES FOR PEOPLE FROM ALL BACKGROUNDS TO ACCESS AND EXCEL IN THE INDUSTRY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.8M
+45.7% YoY
Annual Giving
$2.9M
+14.1% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$571K
+14.1% YoY
About Prea Foundation Inc
Based on IRS filings
Prea Foundation Inc is a nonprofit organization focused on Employment, based in HARTFORD, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35.8M in total assets. In 2024, it awarded 5 grants totaling $2.9M. Net investment income was $556K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,763,271 | $24,550,282 | $23,190,569 |
| Revenue | $14,098,469 | $4,481,458 | $9,656,557 |
| Expenses | $3,712,060 | $3,288,293 | $1,773,490 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $556,350 | $657,521 | $159,451 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sponsors for Educational Opportunity Inc ($1,730,000), Girls Who Invest Inc ($394,852), Robert a Toigo Foundation ($331,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GIRLS WHO INVEST INC NEW YORK, NY | INITIATIVE TO INCREASE THE NUMBER OF COLLEGE-AGE WOMEN WHO ARE EXPOSED TO REAL ESTATE INVESTMENT MANAGEMENT CAREERS THROUGH EDUCATION AND INTERNSHIPS. | $394,852 |
| REAL ESTATE EXECUTIVE COUNCIL FOUNDATION CHICAGO, IL | FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM. | $200,000 |
| ROBERT A TOIGO FOUNDATION OAKLAND, CA | EDUCATIONAL PROGRAM ADVANCING THE ENTRANCE AND ONGOING SKILL DEVELOPMENT OF MBAS INTO THE FIELD OF REAL ESTATE. | $331,000 |
| SPONSORS FOR EDUCATIONAL OPPORTUNITY INC NEW YORK, NY | PREA/SEO REAL ESTATE TRACK SUMMER 2024 INTERNSHIP PROGRAM. | $1,730,000 |
| THE URBAN ALLIANCE FOUNDATION INC WASHINGTON, DC | REAL ESTATE SKILLS TRAINING FOR UNDERSERVED HIGH SCHOOL SENIORS. | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBBIE HARMON | CHAIR | 1 | — |
| KEVIN FAXON | PRESIDENT | 1 | — |
| LINDA ASSANTE | VICE PRESIDENT | 1 | — |
| DHVANI SHAH | TREASURER | 1 | — |
| MANNY CASANGA | SECRETARY | 1 | — |
| AMANDA NUNNINK | DIRECTOR | 1 | — |
| KIMBERLY ADAMS | DIRECTOR | 1 | — |
| ALFONSO MUNK | DIRECTOR | 1 | — |
| GAIL HAYNES | DIRECTOR | 1 | — |
| SONNY KALSI | DIRECTOR | 1 | — |
| ERIC LANG | DIRECTOR | 1 | — |
| TOM LEE | DIRECTOR | 1 | — |
| CHRIS LEE | DIRECTOR | 1 | — |
| JOHN BRADY | DIRECTOR | 1 | — |
| CHAD TREDWAY | DIRECTOR | 1 | — |
| MELINDA ELLIS-EVERS | DIRECTOR | 1 | — |
| JEFF FINE | DIRECTOR | 1 | — |
| LEE MILLSTEIN | DIRECTOR | 1 | — |
| CHRISTINA SCARLATO | DIRECTOR | 1 | — |
| DEAN ADLER | DIRECTOR | 1 | — |
| JONATHAN SLAGER | DIRECTOR | 1 | — |
| ERIC WU | DIRECTOR | 1 | — |
| YVONNE NELSON | DIRECTOR | 1 | — |
| ANAR CHUDGAR | DIRECTOR | 1 | — |
| IVAN BARRON | EXECUTIVE DIRECTOR | 40 | $274,519 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prea Foundation Inc?
Prea Foundation Inc is a nonprofit organization focused on Employment, based in HARTFORD, CT. It holds $35.8M in total assets as of 2024.
How large is Prea Foundation Inc?
As of 2024, Prea Foundation Inc holds $35.8M in total assets with $14.1M in annual revenue. It awarded 5 grants totaling $2.9M in 2024.
Where does Prea Foundation Inc operate?
Prea Foundation Inc has awarded grants in California, District of Columbia, Illinois, New York.
What size grants does Prea Foundation Inc award?
In 2024, Prea Foundation Inc awarded 5 grants totaling $2.9M — an average of about $571K per grant, based on its IRS Form 990 filings.
What is Prea Foundation Inc's EIN?
Prea Foundation Inc's EIN (Employer Identification Number) is 82-1060870. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Prea Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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