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Placemaking Fund FY2024 filing

Tax-deductible

Brooklyn, NY501(c)(3)Community DevelopmentEIN 83-0831709Revenue $274K in FY2024

On file with the IRSplacemakingfund.org177 Baltic St, 11201-6173 · Brooklyn, NYTax-exempt since Jun 2019Private non-operating foundation

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The organization will work to (a) educate and inform the general and public communities about the importance of public spaces, including parks, squares, plazas, and other public areas, in building and sustaining strong, healthy communities, (b) improve community conditions and foster and support civic engagements by developing and maintaining public spaces and providing community members, particularly those who are underrepresented or underserved, with the resources and skills to access and transform those spaces, and (c) foster, support, and conduct programs, projects, and activities consistent with the foregoing.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $109K a year · 31% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$94K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
+119% vs prior year
Spent
$305K
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$274K
FY2024▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$732K
FY2022$535K
FY2023$125K
FY2024$274K
FY2025$168K
Expenses
$305K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$159K
FY2022$254K
FY2023$272K
FY2024$305K
FY2025$271K
Net assets
$1.1M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$157K
FY2021$869K
FY2022$1.1M
FY2023$997K
FY2024$1.1M
FY2025$1.1M

From the FY2024 Form 990 (year ending May 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $305K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2024 filing did not itemize Part VII
Stephen Davies
President, S
$0Pt VII · Sec A
Fred Kent III
Vice-Pres.,t
$0Pt VII · Sec A
Kathleen a Madden
Board Member
$0Pt VII · Sec A
See Placemaking Fund executive salaries →

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Programs and updates

Improves communities by developing and maintaining public spaces, fostering civic engagement, and educating the public.

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Provided by the organization

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1 program · $240K · in their 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

By the numbers

The FY2024 990-PF, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$274K
Gifts and grants$106K
Other income$88K
Investment income$80K
Money out
$305K
Running costs$305K
Owns and owes
$1.1M
net assets
Cash and savings$46K
Total assets$1.2M
Liabilities$94K
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$106K
Investment income$80K
Other income$88K
Total revenue$274K
Assets in detailEnd of year
Cash and savings together$46K
Total assets$1.2M
Liabilities$94K
Net assets$1.1M
Operations
Employees0
Volunteers2
Fiscal year endsMay

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $168K$271K−$103K$1.1M 990 PDF
FY2024 Viewing $274K$305K−$31K$1.1M 990 PDF
FY2023 $125K$272K−$147K$997K 990 PDF
FY2022 $535K$254K$280K$1.1M 990 PDF
FY2021 $732K$159K$573K$869K 990 PDF
FY2020 $250K$167K$83K$157K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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