Planning And Art Resources For Communities Inc
- Assets
- $52.5m
- Revenue
- $4.1m
- Investments
- $50.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2007
- Data as of
- 10/2021
- EIN
- 13-4350414
Organization Overview
Planning And Art Resources For Communities Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planning And Art Resources For Communities 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 10/2021, Planning And Art Resources For Communities Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $3.9m during the year ending 10/2021. While expenses have increased by 26.8% per year over the past 3 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.
Since 2020, Planning And Art Resources For Communities Inc has awarded 31 individual grants totaling $5,503,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUDSON PARK-PROGRAM TO DESIGN AND BUILD A PARK TO FIT THE NEEDS OF THE COMMUNITY OF HUDSON, NY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Wurth Director & Fdtn Manager | 1.75 | $5,734 | |
David Deutsch Chairman, Pres, Director | 1 | $0 | |
Shawn Gannon Director | 0.25 | $0 | |
Victoria Sambunaris Secretary, Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $908,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,219,122 |
| Capital Gain Net Income | $3,219,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,641 |
| Total Revenue | $4,125,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,734 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,757 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,516 |
| Total operating and administrative expenses | $361,925 |
| Contributions, gifts, grants paid | $3,558,000 |
| Total expenses and disbursements | $3,919,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,858,828 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,864,373 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,081 |
| Total assets | $52,479,102 |
| Accounts payable and accrued expenses | $555 |
| Grants payable | $600,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $24,092 |
| Total liabilities | $624,647 |
Grants Awarded
Over the last fiscal year, Planning And Art Resources For Communities Inc has awarded $3,558,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: TO SUPPORT VENN FOUNDATION'S PRI DEDICATED TO IMPROVING THE LIVES OF PEOPLE IN RANGELEY, MAINE | $1,300,000 |
La Jolla, CA PURPOSE: CROSS-BORDER INITIATIVE AT THE CENTER ON GLOBAL JUSTICE | $568,000 |
RANGELEY LAKES HERITAGE TRUST PURPOSE: KENNEBAGO HEADWATERS ACQUISITION PROJECT | $250,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE | $200,000 |
Brooklyn, NY PURPOSE: GENERAL PURPOSE | $200,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |