Placemaking Fund EIN 83-0831709

Placemaking Fund FY2023 filing

EIN  83-0831709 Private foundation / grantmaker Brooklyn, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Improves communities by developing and maintaining public spaces, fostering civic engagement, and educating the public.
Leadership
Stephen Davies · President, S
Money in and out
$125K revenue, $272K expenses
Bottom line
88% program efficiency

Improves communities by developing and maintaining public spaces, fostering civic engagement, and educating the public. For fiscal year 2023 it reported $125K in revenue, $272K in expenses, and $997K in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$997K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$147K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
48.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-118%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$125K
FY2023▼ -77%
Expenses
$272K
FY2023▲ +7%
Total assets
$1.1M
FY2023▼ -6%
Total liabilities
$95K
FY2023▼ -18%
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$997K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$147K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2022.
01

Placemakingx analyze and evaluate existing public spaces to identify potential options for modification to enable such spaces to best serve their surrounding communities.

$240Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPlacemaking Fund
EINHdr · item D83-0831709
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.placemakingfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President, S
$0Pt VII · Sec A
Vice-Pres.,t
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$87K · 70%
Contributions & grants$70K · 56%
Program service revenue70%$87K
Contributions & grants56%$70K
Total revenueLn 12$125K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$240K
Management & general12%$32K
Total functional expensesLn 25$272K

Balance Sheet

Part X · end of year
CashLn 1$124K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$95K
Total net assetsLn 32$997K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $272K
48.2 months
Where the money goes
Program services
Program services $240K · Total expenses $272K
88%
Management & General
Management & general $32K · Total expenses $272K
12%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $414K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $125K
56%
Government reliance
Government grants — · Total revenue $125K
Earned-income share
Program service revenue $87K · Total revenue $125K
70%
Investment reliance
Investment income $-33K · Total revenue $125K
-26%
Program self-sufficiency
Program service revenue $87K · Total expenses $272K
32%
Growth & trend
Revenue growth (YoY)
This year $125K · Prior year $535K
-77%
Net-asset trend (YoY)
End of year $997K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $125K · Expenses $272K
-118%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $997K · Total assets $1.1M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $968K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
89%
People & payroll
Highest Reported Total Compensation
Individual Stephen Davies · Reported title PRESIDENT, S · Highest reported compensation $0 · Total expenses $272K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $154K · Total expenses $272K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth -77%
Investment management fee ratio 1%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$28K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$168K revenue · ⤓ 990 PDF
FY2024$274K revenue · ⤓ 990 PDF
FY2023$125K revenue · viewing · ⤓ 990 PDF
FY2022$535K revenue · ⤓ 990 PDF
FY2021$732K revenue · ⤓ 990 PDF
FY2020$250K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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