Public Art Fund Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Public Art Fund Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Art Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Public Art Fund Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC ART FUND IS NEW YORK'S LEADING PRESENTER OF ARTISTS' PROJECTS AND EXHIBITIONS IN PUBLIC SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION PROGRAMPUBLIC ART FUND (PAF) ENGAGES ARTISTS OF DIFFERENT BACKGROUNDS WHOSE WORKS REFLECT DIFFERENT POINTS OF VIEW AND THE DIVERSITY OF NEW YORK CITY. PAF'S MAJOR INITIATIVES INCLUDE DYNAMIC EXHIBITIONS, INSTALLATIONS, AND NEW COMMISSIONS OF ARTWORK BY AN INTERNATIONAL ROSTER OF ARTISTS AT ALL POINTS IN THEIR CAREERS FROM EMERGING TO GLOBALLY RECOGNIZED. THESE PROJECTS BRING IMPORTANT WORKS OF ART OUTSIDE THE TRADITIONAL CONFINES OF MUSEUMS AND GALLERIES, DIRECTLY TO PLACES WHERE NEW YORKERS LIVE AND WORK-INCLUDING PARKS, PLAZAS, OUTDOOR ADVERTISING VENUES, AND OTHER UNEXPECTED SITES-WHERE THEY CAN BE EXPERIENCED FREE OF CHARGE. (SEE SCHEDULE O)EACH YEAR, PAF WORKS WITH ARTISTS TO CREATE SITE-RESPONSIVE WORKS FOR VARIED LOCATIONS THROUGHOUT NEW YORK CITY, AND TO DEBUT EXISTING SCULPTURES AND INSTALLATIONS. COMMISSIONING NEW WORKS INVOLVES DEVELOPING LONG-TERM RELATIONSHIPS BETWEEN PAF AND INDIVIDUAL ARTISTS; IT CAN TAKE FROM A FEW MONTHS TO SEVERAL YEARS TO DEVELOP A PROJECT AND ADDRESS THE COMPLEX TECHNICAL AND LOGISTICAL CONSIDERATIONS INVOLVED IN PRESENTING NEW WORKS IN THE PUBLIC REALM.PAF MAINTAINS A COLLABORATIVE APPROACH TO DEVELOPING PROJECTS, WHEREIN INDIVIDUAL ARTISTS RESPOND TO A SITE IN NEW YORK CITY. AS A RESULT, PAF'S INSTALLATIONS ARE CLOSELY INTEGRATED INTO THEIR LOCATIONS AND OFFER OPPORTUNITIES TO SEE THESE SITES IN NEW WAYS. TO MEET THE ORGANIZATION'S GOAL OF REACHING THE BROADEST POSSIBLE AUDIENCE, PROJECTS ARE LOCATED BOTH IN HIGHLY TRAFFICKED LOCATIONS AND SPREAD ACROSS NEW YORK CITY'S FIVE BOROUGHS. EDUCATION AND OUTREACH PROGRAMSPAF'S OUTREACH PROGRAMS EXPAND UPON ITS EXHIBITION ACTIVITIES BY MAKING THEM ACCESSIBLE TO A WIDER AUDIENCE. PAF PRODUCES DIDACTIC MATERIALS IN PRINT AND DIGITAL FORMATS TO SUPPORT EACH OF ITS PROJECTS, AND TO AID AUDIENCES IN ENJOYING AND UNDERSTANDING PUBLIC ART PROJECTS BY CONTEMPORARY ARTISTS. PAF'S AUDIENCE IS AS BROAD AND DIVERSE AS THE MAKE-UP OF NEW YORK CITY'S RESIDENTS AND VISITORS, AND IT IS ESTIMATED THAT SOME 11 MILLION PEOPLE EXPERIENCED A PAF EXHIBITION OR PROGRAM IN THE LAST YEAR.GIVEN THE UNIQUE CHALLENGES OF MOUNTING AN EXHIBITION OUTDOORS, PAF ALSO DEVOTES SIGNIFICANT RESOURCES TO ENGAGING WITH ITS ONLINE AUDIENCE THROUGH BOTH ITS WEBSITE AND SOCIAL MEDIA PLATFORMS. PUBLICARTFUND.ORG FEATURES EXTENDED INFORMATION ON EACH EXHIBITION AND ARTIST, AS WELL AS MAPS AND GENERAL INFORMATION ABOUT THE SHOWS. VIDEOS FOR EACH EXHIBITION ILLUMINATE THE ARTISTS' THOUGHT PROCESSES AND OFFER OPPORTUNITIES FOR ONLINE VIEWERS TO EXPERIENCE THE SHOWS FROM THE PERSPECTIVE OF AN IN-PERSON VISITOR. PUBLIC ART FUND CONTINUES TO PRESENT ITS SIGNATURE LECTURE SERIES, PUBLIC ART FUND TALKS, VIRTUALLY AND IN PERSON. ORGANIZED IN COLLABORATION WITH THE COOPER UNION, THEY CONNECT COMPELLING CONTEMPORARY ARTISTS TO A BROAD PUBLIC BY ESTABLISHING A DIALOGUE ABOUT ARTISTIC PRACTICES AND PUBLIC ART.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas Baume Director And Chief Curator | Officer | 40 | $338,445 |
Susan K Freedman President | OfficerTrustee | 35 | $302,573 |
Kellie Honeycutt Deputy Director | Officer | 40 | $170,450 |
Andrew R Brownstein ESQ Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Fearon Pepperman Chair | OfficerTrustee | 6 | $0 |
Holly Lipton Vice President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Uap North America Ltd Artwork Fabrication, Installation, & De- | 6/29/19 | $214,990 |
Caddell Dry Dock And Repair Co Artwork Painting And Restoration | 6/29/19 | $200,000 |
Torsilieri & Sons Inc Artwork Installation & De-installation | 6/29/19 | $155,154 |
Osman Ltd Artwork Installation & De-installation | 6/29/19 | $143,750 |
Infinite Scenic Llc Artwork Painting | 6/29/19 | $157,825 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $69,500 |
All other contributions, gifts, grants, and similar amounts not included above | $1,131,292 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,792 |
Total Program Service Revenue | $1,258,128 |
Investment income | $32,560 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,647,557 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $231,465 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,378,132 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $451,402 |
Compensation of current officers, directors, key employees. | $127,375 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $744,197 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $93,254 |
Payroll taxes | $93,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $34,153 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,966 |
Fees for services: Other | $252,825 |
Advertising and promotion | $17,333 |
Office expenses | $19,868 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $88,008 |
Travel | $38,610 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,426 |
Insurance | $19,131 |
All other expenses | $90,159 |
Total functional expenses | $2,365,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $377,579 |
Savings and temporary cash investments | $2,716,081 |
Pledges and grants receivable | $1,490,781 |
Accounts receivable, net | $475,834 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $191,185 |
Net Land, buildings, and equipment | $31,972 |
Investments—publicly traded securities | $4,281,068 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $62,566 |
Total assets | $9,627,066 |
Accounts payable and accrued expenses | $359,263 |
Grants payable | $0 |
Deferred revenue | $1,250 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $360,837 |
Other liabilities | $0 |
Total liabilities | $721,350 |
Net assets without donor restrictions | $5,147,890 |
Net assets with donor restrictions | $3,757,826 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $9,627,066 |
Over the last fiscal year, we have identified 1 grants that Public Art Fund Inc has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Martin And Rebecca Eisenberg Founda Springfield, NJ PURPOSE: GENERAL | $5,000 |
Beg. Balance | $1,446,468 |
Earnings | $52,479 |
Ending Balance | $1,498,947 |
Organization Name | Assets | Revenue |
---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |