2025-11-11T16:08:54-06:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 132898805 PUBLIC ART FUND INC PUBL 2122237800 ONE EAST 53RD STREET 12 FL NEW YORK NY 10022 SUSAN K FREEDMAN PRESIDENT 2122237800 2025-11-11 1 0 JENNIFER COATES P00881958 2126972299 2024 2025-03-06 01:10:19Z SUSAN K FREEDMAN ONE EAST 53RD STREET 12 FL NEW YORK NY 10022 7227403 0 X WWW.PUBLICARTFUND.ORG X 1977 NY PUBLIC ART FUND IS NEW YORK'S LEADING PRESENTER OF ARTISTS' PROJECTS AND EXHIBITIONS IN PUBLIC SPACES. 28 27 36 27 0 0 5744443 4610376 974831 792358 164462 215474 11333 26890 6895069 5645098 0 0 0 0 3207852 3888387 0 0 1342525 2349284 2844358 5557136 6732745 1337933 -1087647 10243666 9660343 1472193 1603429 8771473 8056914 X AS THE LEADER IN ITS FIELD, PUBLIC ART FUND BRINGS DYNAMIC CONTEMPORARY ART TO A BROAD AUDIENCE IN NEW YORK CITY AND BEYOND BY MOUNTING AMBITIOUS FREE EXHIBITIONS OF INTERNATIONAL SCOPE AND IMPACT THAT OFFER THE PUBLIC POWERFUL EXPERIENCES WITH ART AND THE URBAN ENVIRONMENT. 0 0 3956994 817040 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. 3956994 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 44 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LARRY GIANNECHINI 2122237800 ONE EAST 53RD STREET NEW YORK NY 10022 ELIZABETH FEARON PEPPERMAN CHAIR 6.00 X X 0 0 0 SUSAN K FREEDMAN PRESIDENT 40.00 X X 352067 0 19361 ANDREW R BROWNSTEIN ESQ VICE PRESIDENT 1.00 X X 0 0 0 HOLLY LIPTON VICE PRESIDENT 1.00 X X 0 0 0 JENNIFER NEW SECRETARY 1.00 X X 0 0 0 CHARLES B SHORT TREASURER 2.50 X X 0 0 0 MARGOT BRAM BOARD MEMBER 1.00 X 0 0 0 ELLEN CELLI BOARD MEMBER 1.00 X 0 0 0 ANGELO CHAN BOARD MEMBER 1.00 X 0 0 0 WENDY FISHER BOARD MEMBER 1.00 X 0 0 0 SARA FITZMAURICE BOARD MEMBER 1.00 X 0 0 0 ALEXANDRA FRANKEL BOARD MEMBER 1.00 X 0 0 0 JENNIFER HARRIS BOARD MEMBER 1.00 X 0 0 0 PATRICIA E HARRIS BOARD MEMBER 1.00 X 0 0 0 ANDREA KRANTZ BOARD MEMBER 1.00 X 0 0 0 LINDA LENNON BOARD MEMBER 1.00 X 0 0 0 RONAY MENSCHEL BOARD MEMBER 1.00 X 0 0 0 RUTHARD C MURPHY BOARD MEMBER 1.00 X 0 0 0 KARYN OLIVER BOARD MEMBER 1.00 X 0 0 0 DOUGLAS POLLEY BOARD MEMBER 1.00 X 0 0 0 RASIKA REDDY BOARD MEMBER 1.00 X 0 0 0 ALLISON RUSSO BOARD MEMBER 1.00 X 0 0 0 KAREN SEYMOUR BOARD MEMBER 1.00 X 0 0 0 PATRICIA SILVERSTEIN BOARD MEMBER 1.00 X 0 0 0 MICHAEL STERNBERG BOARD MEMBER 1.00 X 0 0 0 ALLISON WIENER BOARD MEMBER 1.00 X 0 0 0 AI WEIWEI BOARD MEMBER 1.00 X 0 0 0 DAVID WINE BOARD MEMBER 1.00 X 0 0 0 NICHOLAS BAUME ARTISTIC & EXECUTIVE DIRECTOR 40.00 X 429400 0 14740 STEPHANIE ADAMS DEPUTY DIRECTOR - EXTERNAL AFFAIRS 40.00 X 245520 0 6980 LARRY GIANNECHINI DEPUTY DIRECTOR - PROGRAMS 40.00 X 176731 0 0 1203718 0 41081 4 0 1 0 NAVILLUS WOODWORKS 2100 N MAJOR AVE CHICAGO IL 60639 ARTWORK FABRICATION 144908 HSH CONSULTING LLC 140 W 132 STREET 2 NEW YORK NY 10027 FUNDRAISING CONSULTANT 112500 AGILE CLOUD CONSULTING 276 5TH AVE STE 704-3080 NEW YORK NY 10001 MARKETING CONSULTANT 109144 JCDECAUX STREET FURNITURE NY LLC PO BOX 32089 NEW YORK NY 10087 ARTWORK PRINTING & PRODUCTION 102722 4 877237 96080 3637059 715893 4610376 CONSULTATION FEES 900099 777358 777358 EXHIBITION FEES 900099 15000 15000 792358 216636 216636 1297414 1298576 -1162 -1162 -1162 282834 877237 282834 0 25577 895 24682 24682 OTHER INCOME 900099 2208 2208 2208 5645098 817040 0 217682 X 815568 225863 386383 203322 2464720 1505992 439582 519146 335580 184555 78002 73023 272519 144435 68130 59954 5317 4700 617 39585 39585 33833 33833 893551 556517 154304 182730 116538 66984 4954 44600 68603 11659 35272 21672 196637 104218 49159 43260 106433 59138 34965 12330 25348 13434 6337 5577 21239 11257 5309 4673 ART INSTALL/FABRICATION 489509 489509 OPENING RECEPTIONS 158860 94452 64408 PHOTOGRAPHY,VIDEO AND A 153590 145340 8250 PRINTING AND TYPOGRAPHY 151409 112517 8730 30162 383906 226424 88064 69418 6732745 3956994 1433226 1342525 1500304 1165789 510 1076015 1491943 251908 9434 20424 189698 268191 1026219 774378 190809 251841 5440534 5062950 1420434 1563225 10243666 9660343 113075 99520 1250 1250 1357868 1502659 1472193 1603429 X 4773687 4606560 3997786 3450354 8771473 8056914 10243666 9660343 -1087647 373088 0 X 0 1 X 1 0 X 4848579 1200792 3496131 5744443 4610376 19900321 4848579 1200792 3496131 5744443 4610376 19900321 2196097 17704224 52703 32560 77521 181189 216636 560609 9894 7630 203202 2617 2208 225551 20686481 4291100 0.85580 0.86070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1389606 169705 68960 1490351 1266872 210009 67687 1389606 1498947 -232075 1266872 1446468 52479 1498947 1172991 330232 56755 1446468 0.45291 0.54709 0 0 574992 378623 196369 244047 188575 55472 207180 207180 0 251841 SECURITY DEPOSIT 13066 ARTWORK 47500 OPERATING LEASE RIGHT-OF-USE ASSET 1502659 1563225 OPERATING LEASE LIABILITY 1502659 1502659 9266574 373088 3282221 3655309 5611265 33833 33833 5645098 9981133 3282221 3282221 6698912 33833 33833 6732745 PART V, LINE 4: IN ACCORDANCE WITH THE TERMS OF PAF'S DONOR-RESTRICTED ENDOWMENT, PAF FOLLOWS A POLICY OF CONSIDERING AN APPROPRIATION EACH YEAR OF 5 PERCENT OF THE AVERAGE FAIR VALUE OF ENDOWMENT FUNDS OF THE PRIOR TWO YEARS THROUGH THE YEAR-END PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. OVER THE LONG TERM, PAF EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW ANNUALLY, TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PUBLIC ART FUND PARTY 1160071 877237 282834 33728 91288 157818 1160071 877237 282834 33728 91288 157818 282834 0 X X X X X 0 0 0 0 0 0 0 0 0 SUSAN K FREEDMAN PRESIDENT 347067 0 5000 0 0 0 0 0 19361 0 371428 0 0 0 NICHOLAS BAUME ARTISTIC & EXECUTIVE DIRECTOR 419400 0 10000 0 0 0 0 0 14740 0 444140 0 0 0 STEPHANIE ADAMS DEPUTY DIRECTOR - EXTERNAL AFFAIRS 238020 0 7500 0 0 0 0 0 6980 0 252500 0 0 0 LARRY GIANNECHINI DEPUTY DIRECTOR - PROGRAMS 169231 0 7500 0 0 0 0 0 0 0 176731 0 0 0 X 8 715893 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A PAF'S EXECUTIVE COMMITTEE EXERCISES POWERS OF THE BOARD IN RELATION TO MATTERS THAT ARISE BETWEEN REGULARLY SCHEDULED BOARD MEETINGS OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. THE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT AS THE FULL BOARD WHEN EXERCISING THE POWERS AND AUTHORITY UNDER ITS CHARTER, SUBJECT TO CERTAIN LIMITATIONS. THE COMMITTEE CONSISTS OF THE PRESIDENT AND TWO OR MORE ADDITIONAL MEMBERS OF THE BOARD, AS SELECTED BY THE BOARD ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. A DRAFT IS REVIEWED BY THE FINANCE MANAGER, THE DIRECTOR, THE PRESIDENT, THE BOARD TREASURER, AND THE AUDIT AND FINANCE COMMITTEE. THE FINAL FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT AND FINANCE COMMITTEE EVALUATES DISCLOSURES MADE IN ACCORDANCE WITH PAF'S CONFLICT OF INTEREST POLICY, TO DETERMINE WHETHER THEY INVOLVE MERELY THE APPEARANCE OF A CONFLICT OF INTEREST OR WHETHER AN ACTUAL OR POTENTIAL MATERIAL CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE POTENTIALLY CONFLICTING INTEREST AND ALL MATERIAL FACTS, AND AFTER ANSWERING ANY QUESTIONS, THE INTERESTED DIRECTOR SHALL RECUSE HIM OR HERSELF FROM DISCUSSION, OR OTHERWISE EXERTING ANY INFLUENCE ON, AND VOTING RELATING TO THE MATTER. HOWEVER, AS A MEMBER OF THE BOARD OF DIRECTORS, THE INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING THE ESTABLISHMENT OF THE QUORUM AT SUCH A MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE CONSISTS OF THREE OR MORE MEMBERS OF THE BOARD, EACH OF WHOM HAS BEEN EMPOWERED TO INQUIRE INTO ANY MATTER IT CONSIDERS APPROPRIATE TO CARRY OUT ITS RESPONSIBILITIES, WITH ACCESS TO ALL BOOKS, RECORDS, FACILITIES AND PERSONNEL OF PAF. THE COMMITTEE MEETS AT LEAST ONCE PER YEAR AND PAF SHALL PROVIDE ADEQUATE RESOURCES TO SUPPORT THE COMMITTEE'S ACTIVITIES, INCLUDING COMPENSATION OF PAF'S COUNSEL, CONSULTANTS AND OTHER ADVISORS RETAINED BY THE COMMITTEE. THE COMMITTEE REVIEWS AND AUTHORIZES ANY EMPLOYMENT, COMPENSATION, BENEFIT OR SEVERANCE AGREEMENT FOR THE PRESIDENT AND THE DIRECTOR AND CHIEF CURATOR, OR FOR ANY OTHER EXECUTIVE OFFICER; REVIEWS COMPARABILITY DATA IN RELATION TO THE COMPENSATION OF PAF'S EXECUTIVE OFFICERS, SUCH DATA BEING BASED ON INDUSTRY SURVEYS, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS, AND/OR OUTSIDE COMPENSATION STUDIES BY INDEPENDENT EXPERTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 423,440. MANAGEMENT AND GENERAL EXPENSES 154,304. FUNDRAISING EXPENSES 182,730. TOTAL EXPENSES 760,474. ARTIST FEES: PROGRAM SERVICE EXPENSES 133,077. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 133,077. PUBLIC ART FUND CREATIVE PARTNERS LLC 1 E 53RD ST NEW YORK NY 10022 842341108 CONSULTING NY 765905 240983 PUBLIC ART FUND INC