Publicolor Inc
- Assets
- $5.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 42
- Location
- New York, NY
- Founding
- 02/1997
- Data as of
- 06/2023
- EIN
- 13-3912768
Organization Overview
Publicolor Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Publicolor Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Publicolor 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 06/2023, Publicolor Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER DISAFFECTED, LOW-INCOME STUDENTS THROUGH MULTI-YEAR PROJECT-BASED LEARNING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 28 YEARS SINCE ITS FOUNDING IN 1996, PUBLICOLOR HAS ACHIEVED SIGNIFICANT RESULTS:AN ESTIMATED 25,000 STUDENTS FROM LOW-INCOME COMMUNITIES HAVE PARTICIPATED IN PUBLICOLOR PROGRAMS. OVER 29,000 CORPORATE, COMMUNITY AND COLLEGE VOLUNTEERS HAVE ENGAGED IN PAINTING PUBLIC SCHOOLS, TUTORING, AND MENTORING. PUBLICOLOR HAS TRANSFORMED A TOTAL OF 340 NYC SCHOOLS, REPRESENTING 25% OF ALL NYC DEPARTMENT OF EDUCATION CAMPUSES, AND 258 UNDER-RESOURCED COMMUNITY FACILITIES, INCLUDING HOMELESS SHELTERS, PLAYGROUNDS, EARLY CHILDHOOD CENTERS, HEALTH CLINICS, PEDESTRIAN WALKWAYS, AND MANY OTHER VITAL COMMUNITY RESOURCES.IN FY23, PUBLICOLOR ENGAGED 1,411 STUDENTS IN GRADES 5 THROUGH COLLEGE, HELPING THEM ACHIEVE NOTEWORTHY OUTCOMES EVEN AS THE PANDEMIC CONTINUED TO DISRUPT THEIR LIVES:STUDENTS IN 2022 SUMMER DESIGN STUDIO ACHIEVED HIGH SCORES IN PRE AND POST DIAGNOSTIC TESTS BASED ON STATE STANDARDS, INCREASING BY AN AVERAGE +5.7% IN ENGLISH LANGUAGE ARTS AND +5.9% IN MATH. THIS IS ESPECIALLY SIGNIFICANT BECAUSE LEARNING LOSS IS CONSIDERED BY MANY TO BE A SIGNIFICANT FACTOR IN THE ACHIEVEMENT GAP BETWEEN LOW- AND HIGH-INCOME STUDENTS.AT YEAR'S END, 100% OF CONTINUUM STUDENTS WERE PROMOTED ON TIME TO THE NEXT GRADE. 100% OF PUBLICOLOR'S 2023 HIGH SCHOOL SENIORS GRADUATED ON TIME IN JUNE 2023, AND 100% WERE ADMITTED INTO COLLEGE AND ENROLLED IN FALL 2023 COMPARED TO 60% OF GRADUATES FROM THE HIGH SCHOOLS THEY ATTENDED (2020 COHORT). 89% OF PUBLICOLOR'S INCOMING COLLEGE FRESHMEN IN FALL 2023 WERE COLLEGE-READY, NOT REQUIRED TO TAKE REMEDIAL CLASSES, VS. 62% AT THE HIGH SCHOOLS THEY ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Lande Shuman Founder & President | OfficerTrustee | 40 | $182,261 |
Gene Kohn Chair (thru Mar 2023) | OfficerTrustee | 5 | $0 |
Rose Pietanza Interim Chair | OfficerTrustee | 5 | $0 |
Michael Shuman Vice Chair | OfficerTrustee | 5 | $0 |
Tom Krizmanic Treasurer | OfficerTrustee | 5 | $0 |
Dana Bronfman Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,195,525 |
| Related organizations | $0 |
| Government grants | $1,219,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,215,747 |
| Noncash contributions included in lines 1a–1f | $101,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,630,385 |
| Total Program Service Revenue | $60,479 |
| Investment income | $83,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$109,419 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,678,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $96,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,905 |
| Compensation of current officers, directors, key employees. | $34,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,666,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $174,806 |
| Payroll taxes | $185,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,127 |
| Advertising and promotion | $0 |
| Office expenses | $46,836 |
| Information technology | $63,706 |
| Royalties | $0 |
| Occupancy | $312,506 |
| Travel | $57,851 |
| 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 | $66,300 |
| Insurance | $51,690 |
| All other expenses | $24,168 |
| Total functional expenses | $3,903,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,041 |
| Savings and temporary cash investments | $2,403,830 |
| Pledges and grants receivable | $1,593,100 |
| Accounts receivable, net | $6,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,000 |
| Inventories for sale or use | $118,130 |
| Prepaid expenses and deferred charges | $70,310 |
| Net Land, buildings, and equipment | $182,027 |
| Investments—publicly traded securities | $138,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $897,743 |
| Total assets | $5,858,270 |
| Accounts payable and accrued expenses | $79,432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $922,224 |
| Total liabilities | $1,001,656 |
| Net assets without donor restrictions | $3,357,417 |
| Net assets with donor restrictions | $1,499,197 |
| 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 | $5,858,270 |