Civic Intelligence

Placemaking Fund

990 • Fiscal year 2019 • EIN 83-0831709

Jun 01, 2018 to May 31, 2019 • Filed on Jul 15, 2020

Organization ProfileWWW.PLACEMAKINGFUND.ORG
177 Baltic StBrooklyn, NY 11201

(917) 520-2796

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.52x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • NTEE S20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.38x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • NTEE S20 • <$500k nonprofits • Source year 2019

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

2019 filings • NTEE S20 • <$500k nonprofits • Source year 2019

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE S20 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

$156,491

No earlier filing loaded for comparison.

Net Assets

$74,378

No earlier filing loaded for comparison.

Liabilities

$82,113

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin83rd percentile

Revenue

$217,939

No earlier filing loaded for comparison.

Expenses

$143,561

No earlier filing loaded for comparison.

Net Income

$74,378

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2019: $156,491Liabilities 2019: $82,113Net Assets 2019: $74,3782019Assets 2020: $348,657Liabilities 2020: $191,306Net Assets 2020: $157,3512020Assets 2021: $1,053,465Liabilities 2021: $184,956Net Assets 2021: $868,5092021Assets 2022: $1,167,366Liabilities 2022: $115,271Net Assets 2022: $1,052,0952022Assets 2023: $1,092,456Liabilities 2023: $95,009Net Assets 2023: $997,4472023

Highlighted filing

2019

Assets$156,491
Liabilities$82,113
Net Assets$74,378
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $217,939Expenses 2019: $143,561Net Income 2019: $74,3782019Revenue 2020: $249,863Expenses 2020: $166,890Net Income 2020: $82,9732020Revenue 2021: $732,082Expenses 2021: $159,490Net Income 2021: $572,5922021Revenue 2022: $534,551Expenses 2022: $254,096Net Income 2022: $280,4552022Revenue 2023: $124,773Expenses 2023: $271,854Net Income 2023: -$147,0812023

Highlighted filing

2019

Revenue$217,939
Expenses$143,561
Net Income$74,378
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$217,939
Mission and Program Overview

Mission

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.

The organization will work to (a) educate and inform the general public and local 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$156,491-
Total Assets$0$156,491▲ $156,491
Liabilities
Accounts Payable and Accrued Expenses-$82,113-
Total Liabilities$0$82,113▲ $82,113
Net Assets / Fund Balance
Unrestricted Net Assets-$74,378-
Total Net Assets Fund Balance$0$74,378▲ $74,378
Total Liabilities and Net Assets / Fund Balance$0$156,491▲ $156,491
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Kathleen a MaddenPresident
Fred Kent IiiSecretary, T
Revenue and Support

Revenue Composition

Contributions and Grants
$122,100
Program Service Revenue
$95,839
Investment Income
$0
Other Revenue
$0
All Other Contributions
$122,100
Change in Net Assets
$74,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$71,713--$71,713
Fees for Services Other$55,948--$55,948
Conferences and Meetings$7,600--$7,600
Office Expenses$2,111$1,979-$4,090
Information Technology$1,759--$1,759
Other Expenses$316$358-$358
Total Functional Expenses$140,503$3,058$0$143,561
International Activity

International Summary

Employees
1
Spending
$29,138

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Saudia ArabiaPlacemakingPlacemaking-1$29,138
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joshua KentSee Part VContractorNo$23,485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Fred kent iii kathy madden secretary president spouse”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed and approved by board members”

Form 990, Page 6, Part VI, Line 12C

“Review potential conflicts on a regular basis”

Form 990, Page 6, Part VI, Line 15A

“Board of directors determines reasonable compensation for officers, agents, and employees. The amount may be fixed from time to time by the board.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Placemaking Fund
EIN
83-0831709
Phone
9175202796
Address
177 BALTIC ST, BROOKLYN, NY 11201

Signing Officer

Name
Fred Kent Iii
Title
Secretary, Treasurer
Phone
9175202796
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Kent Iii
Formed
2018
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Horowitz & Ullmann Pc
Address
232 MADISON AVE SUITE 1200, NEW YORK, NY 10016-2928
Preparer
Stewart Hung
Phone
2125323736
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization will work to (a) educate and inform the general public and local 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.”

Form 990, Part IX, Line 11G

“CONSULTANTS 55,948 0 0”

Raw XML Appendix298 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL WORK TO (A) EDUCATE AND INFORM THE GENERAL PUBLIC AND LOCAL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRED KENT III KATHY MADDEN SECRETARY PRESIDENT SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED AND APPROVED BY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW POTENTIAL CONFLICTS ON A REGULAR BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS DETERMINES REASONABLE COMPENSATION FOR OFFICERS, AGENTS, AND EMPLOYEES. THE AMOUNT MAY BE FIXED FROM TIME TO TIME BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTANTS 55,948 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0FRED KENT III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY, TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09175202796
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLACEMAKING FUND
ReturnHeader/Filer/BusinessNameControlTxt0PLAC
ReturnHeader/Filer/EIN0830831709
ReturnHeader/Filer/PhoneNum09175202796
ReturnHeader/Filer/USAddress/AddressLine1Txt0177 BALTIC ST
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
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ReturnHeader/FilingSecurityInformation/IPTm012:58:35
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOROWITZ & ULLMANN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0232 MADISON AVE SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100162928
ReturnHeader/PreparerPersonGrp/PhoneNum02125323736
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEWART HUNG
ReturnHeader/ReturnTs02020-07-14T12:58:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,491
Liabilities
$82,113
Net assets
$74,378
Revenue
$217,939
Expenses
$143,561
Net income
$74,378
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.09$0.10$1.00$0.12$0.27$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.12$1.05$0.53$0.25$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.18$0.87$0.73$0.16$0.57
2020Summary only. Only limited summary data is available for this year.$0.35$0.19$0.16$0.25$0.17$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.08$0.07$0.22$0.14$0.07