Art Production Fund Inc
- Assets
- $947.6k
- Revenue
- $776.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 13-4098503
Organization Overview
Art Production Fund Inc is located in Brooklyn, NY. The organization was established in 2000. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Art Production Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Production 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, Art Production Fund Inc generated $776.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $946.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. 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
ART PRODUCTION FUND (APF) IS A PUBLIC ART INITIATIVE DEDICATED TO COMMISSIONING, PRODUCING AND PRESENTING AMBITIOUS ART PROJECTS BY EMERGING AND ESTABLISHING ARTISTS. APF IS COMMITTED TO ENGAGING AUDIENCES IN CREATIVE WAYS BY REALIZING SOCIALLY RELEVANT PROJECTS, WHICH PUSH THE FIELD OF PUBLIC ART IN NEW DIRECTIONS. APF'S UNEXPECTED AND CHALLENGING PROJECTS ARE AVAILABLE TO DIVERSE AUDIENCES IN LOCATIONS THAT FALL OUTSIDE THE REALM OF TRADITIONAL ART INSTITUTIONS. APF PRODUCE AND SELL FUNCTIONAL PRODUCTS TO RAISE FUNDS FOR PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC ARTWORK: A PUBLIC ARTWORK IS A CONTEMPORARY ART INSTALLATION THAT IS FREE AND OPEN TO THE PUBLIC.
ART SUNDAE: ART SUNDAE IS AN ONGOING PUBLIC PROGRAM LAUNCHED BY ART PRODUCTION FUND AND CULTURAL SPACE FORT GANSEVOORT THAT IS DESIGNED TO BUILD CONFIDENCE IN CHILDREN THROUGH ART MAKING. THIS FREE PROGRAM OFFERS CHILDREN THE OPPORTUNITY TO WORK WITH A CONTEMPORARY ARTIST TO CREATE A PUBLIC ART PROJECT. THE PROGRAM IS DESIGNED TO BE ACCESSIBLE TO ALL AND HIGHLIGHT ARTS POSITIVE IMPACT ACROSS ALL COMMUNITIES.
CHAMPION: CHAMP IS A LARGE SCALE NEON SCULPTURE BY ARTIST ZOE BUCKMAN THAT IS INSTALLED ON SUNSET BOULEVARD IN WEST HOLLYWOOD, CALIFORNIA. PROGRAMMING SURROUNDING CHAMP INCLUDES PANELS, PERFORMANCES, AND EVENTS THAT RELATE TO THE ARTWORKS VARIOUS THEMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Fremont Executive Di | Officer | 50 | $160,000 |
Amy Sacco Secretary | OfficerTrustee | 1 | $0 |
Yvonne Force Villareal Director/co | OfficerTrustee | 1 | $0 |
Doreen Remen Director/co | OfficerTrustee | 1 | $0 |
Marlies Verhoeven President | Trustee | 1 | $0 |
Dan Tanzilli Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $544,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,877 |
| Total Program Service Revenue | $9,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,850 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,569 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,694 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,822 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,280 |
| Payroll taxes | $23,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,903 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,462 |
| Travel | $10,786 |
| 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 | $3,619 |
| Insurance | $18,907 |
| All other expenses | $12,494 |
| Total functional expenses | $946,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $711,907 |
| Savings and temporary cash investments | $54,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,576 |
| Prepaid expenses and deferred charges | $18,359 |
| Net Land, buildings, and equipment | $3,917 |
| Investments—publicly traded securities | $89,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,216 |
| Total assets | $947,604 |
| Accounts payable and accrued expenses | $21,552 |
| 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 | $8,697 |
| Total liabilities | $30,249 |
| Net assets without donor restrictions | $786,793 |
| Net assets with donor restrictions | $130,562 |
| 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 | $947,604 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Art Production Fund Inc has recieved totaling $36,600.
| Awarding Organization | Amount |
|---|---|
Arison Arts Foundation Coral Gables, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $11,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |