Civic Intelligence

Placemaking Fund

990 • Fiscal year 2022 • EIN 83-0831709

Jun 01, 2021 to May 31, 2022 • Filed on Apr 18, 2023

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

44th percentile

0.10x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.22x

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

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

89th percentile

52%

Higher net margin than 89% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

62nd percentile

11%

Faster asset growth than 62% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,167,366

Up $113,901 (+11%) from 2021

Net Assets

Up

$1,052,095

Up $183,586 (+21%) from 2021

Liabilities

Down

$115,271

Down $69,685 (-38%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Down

$534,551

Down $197,531 (-27%) from 2021

Expenses

Up

$254,096

Up $94,606 (+59%) from 2021

Net Income

Down

$280,455

Down $292,137 (-51%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2022

Assets$1,167,366
Liabilities$115,271
Net Assets$1,052,095
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$534,551
Expenses$254,096
Net Income$280,455
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 18, 2023
Return Version
2021v4.0
Gross Receipts
$1,040,162
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$829,535$976,431▲ $146,896
Savings and Temporary Cash Investments$122,712$153,363▲ $30,651
Loans From Officers Directors$100,000--
Cash and Non-Interest-Bearing Accounts$101,218$37,572▼ $63,646
Total Assets$1,053,465$1,167,366▲ $113,901
Liabilities
Other Liabilities-$79,611-
Accounts Payable and Accrued Expenses$84,956$35,660▼ $49,296
Total Liabilities$184,956$115,271▼ $69,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$868,509$1,052,095▲ $183,586
Total Net Assets Fund Balance$868,509$1,052,095▲ $183,586
Total Liabilities and Net Assets / Fund Balance$1,053,465$1,167,366▲ $113,901
Compensation and Service Providers
Top Officer Pay32nd 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
$490,000
Program Service Revenue
$16,037
Investment Income
$28,514
Other Revenue
$0
All Other Contributions
$490,000
Change in Net Assets
$280,455

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
Other Non Cash Contri Table1$380,000Fair Market Value (FMV)
Total Noncash Contributions1$380,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$157,220
Other Expenses$96,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,370$11,790-$143,160
Fees for Services Other$40,222--$40,222
Travel$20,240--$20,240
Fees for Services Accounting$9,575$9,575-$19,150
Payroll Taxes$13,158$902-$14,060
Fees for Service Investment Mgmnt Fees-$6,566-$6,566
Insurance$3,692--$3,692
Office Expenses$1,268$1,268-$2,536
Information Technology$2,208--$2,208
Other Expenses$496$198-$198
Total Functional Expenses$222,229$31,867$0$254,096
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$96,000
Joshua KentSee Part VEmployeeNo$47,160

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$100,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances Payable$79,611
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
2023-04-18
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
150

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 40,222 0 0”

Raw XML Appendix353 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 THE SON OF FRED KENT III, THE VICE PRESIDENT/TREAUSURER OF THE ENTITY. 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.
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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 40,222 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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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/WebsiteAddressTxt0WWW.PLACEMAKINGFUND.ORG
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED KENT III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE-PRES.,TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09175202796
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-18
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ReturnHeader/Filer/BusinessNameControlTxt0PLAC
ReturnHeader/Filer/EIN0830831709
ReturnHeader/Filer/PhoneNum09175202796
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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/PreparationDt02023-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEWART HUNG
ReturnHeader/ReturnTs02023-04-18T21:57:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KENT
ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,167,366
Liabilities
$115,271
Net assets
$1,052,095
Revenue
$534,551
Expenses
$254,096
Net income
$280,455
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
2022Detailed filing. Detailed filing data is available for this year.$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
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