Civic Intelligence

Placemaking Fund

990 • Fiscal year 2021 • EIN 83-0831709

Jun 01, 2020 to May 31, 2021 • Filed on May 12, 2022

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

54th percentile

0.18x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.25x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

78%

Higher net margin than 94% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Asset Growth

97th percentile

202%

Faster asset growth than 97% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

193%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,053,465

Up $704,808 (+202%) from 2020

Net Assets

Up

$868,509

Up $711,158 (+452%) from 2020

Liabilities

Down

$184,956

Down $6,350 (-3.3%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin94th percentile

Revenue

Up

$732,082

Up $482,219 (+193%) from 2020

Expenses

Down

$159,490

Down $7,400 (-4.4%) from 2020

Net Income

Up

$572,592

Up $489,619 (+590%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth97th 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 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

2021

Assets$1,053,465
Liabilities$184,956
Net Assets$868,509
Open 2021 Filing

Operations Trend

Revenue Growth93rd 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 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

2021

Revenue$732,082
Expenses$159,490
Net Income$572,592
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$1,283,945
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$278,490$829,535▲ $551,045
Savings and Temporary Cash Investments-$122,712-
Cash and Non-Interest-Bearing Accounts$65,167$101,218▲ $36,051
Loans From Officers Directors-$100,000-
Accounts Receivable$5,000--
Total Assets$348,657$1,053,465▲ $704,808
Liabilities
Unsecured Notes Loans Payable$114,235--
Accounts Payable and Accrued Expenses$77,051$84,956▲ $7,905
Other Liabilities$20--
Total Liabilities$191,306$184,956▼ $6,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,351$868,509▲ $711,158
Total Net Assets Fund Balance$157,351$868,509▲ $711,158
Total Liabilities and Net Assets / Fund Balance$348,657$1,053,465▲ $704,808
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Stephen DaviesPresident, S
Kathleen a MaddenBoard Member
Fred Kent IiiVice-pres.,t
Revenue and Support

Revenue Composition

Contributions and Grants
$680,648
Program Service Revenue
$51,758
Investment Income
$-324
Other Revenue
$0
All Other Contributions
$680,648
Change in Net Assets
$572,592

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$575,648Fair Market Value (FMV)
Total Noncash Contributions16$575,648-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$89,502
Other Expenses$69,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,295$6,847-$83,142
Fees for Services Other$37,305$580-$37,885
Payroll Taxes$5,836$524-$6,360
Fees for Service Investment Mgmnt Fees-$4,697-$4,697
Office Expenses$1,852$1,853-$3,705
Fees for Services Accounting$1,765$1,765-$3,530
Insurance$3,028--$3,028
Information Technology$2,347--$2,347
Travel$2,315--$2,315
Other Expenses$1,595$1,202-$1,202
All Other Expenses$24$711-$735
Total Functional Expenses$141,311$18,179$0$159,490
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
Ethan KentSee Part VEmployeeNo$55,753
Joshua KentSee Part VContractor/employeeNo$48,739

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$100,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 vice pres. Board member 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
Vice-pres.,treasurer
Phone
9175202796
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Davies
Formed
2018
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
2
Volunteers
20

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 36,725 0 0 bookkeeping 580 580 0 total 37,305 580 0”

Raw XML Appendix367 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/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0FRED KENT III
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1KATHLEEN MADDEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JOSHUA KENT WAS A CONTRACTOR FOR THE ORGANIZATION. HE IS THE SON OF FRED KENT III, THE VICE PRESIDENT/TREAUSURER OF THE ENTITY. HE BECAME AN EMPLOYEE IN LATE 2020. HIS TITLES INCLUDE MANAGING DIRECTOR OF PLACEMAKINGX (PROGRAM OF PLACEMAKING FUND) AND MANAGING DIRECTOR OF PLACEMAKING FUND. ETHAN KENT IS THE SON OF FRED KENT III, THE VICE PRESIDENT/TREAUSURER OF THE ENTITY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0100000
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt016
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0575648
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0BROKERAGE SERVICES WERE USED TO MANAGE INVESTMENTS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 1, PART I, LINE 32B
IRS990ScheduleM/ThirdPartiesUsedInd0true
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 VICE PRES. BOARD MEMBER 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 36,725 0 0 BOOKKEEPING 580 580 0 TOTAL 37,305 580 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0348657
IRS990/TotalAssetsEOYAmt01053465
IRS990/TotalAssetsGrp/BOYAmt0348657
IRS990/TotalAssetsGrp/EOYAmt01053465
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0680648
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018179
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0141311
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159490
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0191306
IRS990/TotalLiabilitiesEOYAmt0184956
IRS990/TotalLiabilitiesGrp/BOYAmt0191306
IRS990/TotalLiabilitiesGrp/EOYAmt0184956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0868509
IRS990/TotalProgramServiceExpensesAmt0141311
IRS990/TotalProgramServiceRevenueAmt051758
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051434
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0732082
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0348657
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01053465
IRS990/TravelGrp/ProgramServicesAmt02315
IRS990/TravelGrp/TotalAmt02315
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0114235
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/PersonTitleTxt0VICE-PRES.,TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09175202796
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-12
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/PreparationDt02022-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEWART HUNG
ReturnHeader/ReturnTs02022-05-20T10:02:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KENT
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,053,465
Liabilities
$184,956
Net assets
$868,509
Revenue
$732,082
Expenses
$159,490
Net income
$572,592
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
2021Detailed filing. Detailed filing data is available for this year.$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
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