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Placemaking and Equity Fund INC

Tax-deductible

Jacksonville, FL501(c)(3)Since 2021Foundations & Grantmakers EIN 87-2882720Revenue $188K in FY2025

On file with the IRS40 E Adams St Ste 300, 32202-3357 · Jacksonville, FLTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The Organization was formed for the purpose of supporting and creating vibrant and welcoming public spaces. The Organization aims to activate cross-sector collaboration and citizen-led approaches to promoting increased access to public spaces, related enriching programming, and grantmaking activities.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: 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
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $100K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
64 mo
of spending, in cash
Looks good: 63.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$188K
-56% vs prior year
Spent
$94K
To programs
100%
Net assets
$500K
By yearFY2021–FY2025
Revenue
$188K
FY2025▼ -56%
Tap a bar for its year
Revenue by fiscal year
FY2021$465K
FY2022$425K
FY2023$100K
FY2024$429K
FY2025$188K
Expenses
$94K
FY2025▼ -90%
Tap a bar for its year
Expenses by fiscal year
FY2021$0
FY2022$90K
FY2023$8K
FY2024$914K
FY2025$94K
Net assets
$500K
FY2025▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2021$465K
FY2022$800K
FY2023$892K
FY2024$406K
FY2025$500K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $94K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Mari Kuraishi
Dir., Secretary
$0Pt VII · Sec A
Martha Lanahan
Dir., President, Treasurer
$0Pt VII · Sec A
Nathaniel P Ford
Dir., Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sondra Fetner
Managing Director (began 5/25)
$0Pt VII · Sec A
See Placemaking and Equity Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports public and private initiatives in Jacksonville, Florida.

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Provided by the organization

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2 programs · $94K · in their own filed words · FY2025
01

Lift Ev'ry Voice and Sing Park is currently Vibrant Places, Inc.'s primary focus, as a premier example of place-centered investments driving an increased sense of community belonging. The Park was constructed in the historic LaVilla neighborhood in Jacksonville, Florida, where it honors two of Jacksonville's most famous residents, James…

$94Kprogram expense
02

Vibrant Places, Inc. has begun accepting donations and will soon contribute to the re-creation of Augusta Savage's monumental sculpture Lift Ev'ry Voice and Sing ("The Harp"). World-renowned sculptor Augusta Savage was born in Green Cove Springs in 1892 and spent her formative years in Jacksonville.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
The Blackbaud Giving FundFY2023$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 2 grants · $958K · 2022–2024
City of JacksonvilleFY2024$868,506
Cultural Council of Greater Jacksonville INCFL · FY2022$89,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$188K
Ln 12
Gifts and grantsLn 1h$188K
Money outPt IX
$94K
Ln 25
Programscol B$94K
Owns and owesPt X
$500K
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$500K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$188K
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$500K
Cash and savings togetherLn 1–2$500K
Total assetsLn 16$500K
LiabilitiesLn 26$0
Net assetsLn 32$500K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$406K$500K
Total assetsLn 16$406K$500K
LiabilitiesLn 26$0$0
Net assetsLn 32$406K$500K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$94K$94K
Total functional expensesLn 25$94K$94K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $188K$94K$94K$500K 990 PDF
FY2024 $429K$914K−$486K$406K 990 PDF
FY2023 $100K$8K$92K$892K 990 PDF
FY2022 $425K$90K$336K$800K 990 PDF
FY2021 $465K$0$465K$465K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $188,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $428,506$188,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $428,506$188,000
I-13 Grants and similar amounts paidPrior year $868,506$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,632$94,187
I-18 Total expensesPrior year $914,138$94,187
I-19 Revenue less expensesPrior year −$485,632$93,813
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $188,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$188,000
VIII-1h Total contributions, gifts and grants$188,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$188,000
Part IX · Statement of functional expenses $94,187 across 1 line filed
IX-11g Other fees for servicesPrograms $94,187$94,187
IX-25 Total functional expensesPrograms $94,187 · Management $0 · Fundraising $0$94,187
Part X · Balance sheet $500,027 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $406,214$500,027
X-16 Total assetsStart of year $406,214$500,027
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$61
X-28 Net assets with donor restrictionsStart of year $406,214$499,966
X-32 Total net assets or fund balancesStart of year $406,214$500,027
X-33 Total liabilities and net assetsStart of year $406,214$500,027
Part XI · Reconciliation of net assets $500,027 net assets at year end
XI-1 Total revenue$188,000
XI-2 Total expenses$94,187
XI-3 Revenue less expenses$93,813
XI-4 Net assets at start of year$406,214
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$500,027

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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