Civic Intelligence

Placemaking Fund

990 • Fiscal year 2020 • EIN 83-0831709

Jun 01, 2019 to May 31, 2020 • Filed on Apr 15, 2021

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

86th percentile

0.55x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.77x

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

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Net Margin

79th percentile

33%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

123%

Faster asset growth than 87% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

15%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Flat

$348,657

Flat from 2020

Net Assets

Flat

$157,351

Flat from 2020

Liabilities

Flat

$191,306

Flat from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin79th percentile

Revenue

Flat

$249,863

Flat from 2020

Expenses

Flat

$166,890

Flat from 2020

Net Income

Flat

$82,973

Flat from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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 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

2020

Assets$348,657
Liabilities$191,306
Net Assets$157,351
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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 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

2020

Revenue$249,863
Expenses$166,890
Net Income$82,973
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Apr 15, 2021
Return Version
2019v5.0
Gross Receipts
$249,863
Mission and Program Overview

Mission

The organization aims 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 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$278,490-
Cash and Non-Interest-Bearing Accounts$156,491$65,167▼ $91,324
Accounts Receivable-$5,000-
Total Assets$156,491$348,657▲ $192,166
Liabilities
Unsecured Notes Loans Payable-$114,235-
Accounts Payable and Accrued Expenses$82,113$77,051▼ $5,062
Other Liabilities-$20-
Total Liabilities$82,113$191,306▲ $109,193
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,378$157,351▲ $82,973
Total Net Assets Fund Balance$74,378$157,351▲ $82,973
Total Liabilities and Net Assets / Fund Balance$156,491$348,657▲ $192,166
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$150,578
Program Service Revenue
$85,252
Investment Income
$14,033
Other Revenue
$0
All Other Contributions
$150,578
Change in Net Assets
$82,973

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$150,578Fair Market Value (FMV)
Total Noncash Contributions8$150,578-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,890
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
Fees for Services Other$126,306--$126,306
Travel$29,592--$29,592
Office Expenses$3,026$3,027-$6,053
Information Technology$2,455--$2,455
Other Expenses$193$193-$386
Advertising$186--$186
Total Functional Expenses$163,088$3,802$0$166,890
International Activity

International Summary

Spending
$62,404

International Compliance

Foreign grant records maintained
No
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
AustraliaPlacemakingPlacemaking--$18,394
SpainPlacemakingPlacemaking--$15,698
United KingdomsPlacemakingPlacemaking--$7,904
SwitzerlandPlacemakingPlacemaking--$4,929
FrancePlacemakingPlacemaking--$4,789
CanadaPlacemakingPlacemaking--$4,425
NetherlandsPlacemakingPlacemaking--$3,150
ItalyPlacemakingPlacemaking--$3,115
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$51,240
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$20
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 35% controlled entity
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
2021-04-15
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 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.”

Form 990, Part IX, Line 11G

“CONSULTANTS 126,306 0 0”

Raw XML Appendix345 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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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JOSHUA KENT IS A CONTRACTOR FOR PLACEMAKING FUND AND IS THE SON OF THE SECRETARY/TREASURER OF THE PLACEMAKING FUND (FRED KENT III). HIS TITLES INCLUDE MANAGING DIRECTOR OF PLACEMAKINGX (PROGRAM OF PLACEMAKING FUND) AND MANGING DIRECTOR OF PLACEMAKING FUND.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt08
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0150578
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
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 126,306 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0348657
IRS990/TotalAssetsGrp/BOYAmt0156491
IRS990/TotalAssetsGrp/EOYAmt0348657
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0150578
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0163088
IRS990/TotalFunctionalExpensesGrp/TotalAmt0166890
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt082113
IRS990/TotalLiabilitiesEOYAmt0191306
IRS990/TotalLiabilitiesGrp/BOYAmt082113
IRS990/TotalLiabilitiesGrp/EOYAmt0191306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074378
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0157351
IRS990/TotalProgramServiceExpensesAmt0163088
IRS990/TotalProgramServiceRevenueAmt085252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt099285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0249863
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156491
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0348657
IRS990/TravelGrp/ProgramServicesAmt029592
IRS990/TravelGrp/TotalAmt029592
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0114235
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0177 BALTIC STREET
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.PLACEMAKINGFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED KENT III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY, TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09175202796
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-15
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
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132744858
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/PreparationDt02021-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEWART HUNG
ReturnHeader/ReturnTs02021-04-15T10:07:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$348,657
Liabilities
$191,306
Net assets
$157,351
Revenue
$249,863
Expenses
$166,890
Net income
$82,973
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
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.19$0.16$0.25$0.17$0.08
2020Summary only. Only limited summary data is available for this year.$0.35$0.19$0.16$0.25$0.17$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.08$0.07$0.22$0.14$0.07