Nonprofit · EIN 13-2898805
PUBLIC ART FUND INC
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,645,098 | $6,732,745 | -$1,087,647 | $9,660,343 | $1,603,429 | $8,056,914 |
| December 31, 2023 | 990 | $6,895,069 | $5,557,136 | $1,337,933 | $10,243,666 | $1,472,193 | $8,771,473 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,610,376
- of which government grants
- $96,080
- Program service revenue
- $792,358
- Investment income
- $215,474
- Net gain from sales of assets
- -$1,162
- Net income from sales of inventory
- $24,682
- Other revenue
- $26,890
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $815,568
- Other salaries and wages
- $2,464,720
- Salaries, compensation and benefits (total)
- $3,888,387
- Professional fundraising fees
- $0
- Legal fees
- $5,317
- Accounting fees
- $39,585
- Occupancy
- $196,637
- Travel
- $106,433
- Depreciation
- $25,348
- Program services (functional)
- $3,956,994
- Management and general (functional)
- $1,433,226
- Fundraising (functional)
- $1,342,525
Balance sheet and other
- Total assets, start of year
- $10,243,666
- Total assets, end of year
- $9,660,343
- Total liabilities, end of year
- $1,603,429
- Net assets, end of year
- $8,056,914
- Land, buildings and equipment
- $251,841
- Publicly traded securities
- $5,062,950
- Net assets without donor restrictions
- $4,606,560
- Net assets with donor restrictions
- $3,450,354
- Gross receipts
- $7,227,403
- Employees
- 36
- Volunteers
- 27
- Year formed
- 1977
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS BAUME | ARTISTIC & EXECUTIVE DIRECTOR Officer | 40 | $429,400 | $14,740 |
| SUSAN K FREEDMAN | PRESIDENT Trustee or director, Officer | 40 | $352,067 | $19,361 |
| STEPHANIE ADAMS | DEPUTY DIRECTOR - EXTERNAL AFFAIRS Highest-paid employee | 40 | $245,520 | $6,980 |
| LARRY GIANNECHINI | DEPUTY DIRECTOR - PROGRAMS Highest-paid employee | 40 | $176,731 | $0 |
| ELIZABETH FEARON PEPPERMAN | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| ANDREW R BROWNSTEIN ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| HOLLY LIPTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER NEW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES B SHORT | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MARGOT BRAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELLEN CELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELO CHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WENDY FISHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA FITZMAURICE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEXANDRA FRANKEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA E HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREA KRANTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA LENNON | BOARD MEMBER Trustee or director | 1 | $0 |
| RONAY MENSCHEL | BOARD MEMBER Trustee or director | 1 | $0 |
| RUTHARD C MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| KARYN OLIVER | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUGLAS POLLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| RASIKA REDDY | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLISON RUSSO | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN SEYMOUR | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA SILVERSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL STERNBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLISON WIENER | BOARD MEMBER Trustee or director | 1 | $0 |
| AI WEIWEI | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID WINE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS BAUME | ARTISTIC & EXECUTIVE DIRECTOR Officer | 40 | $398,933 | $14,480 |
| SUSAN K FREEDMAN | PRESIDENT Trustee or director, Officer | 40 | $337,294 | $18,929 |
| LARRY GIANNECHINI | DEPUTY DIRECTOR - PROGRAMS/OPERATION Highest-paid employee | 40 | $160,000 | $0 |
| ELIZABETH FEARON PEPPERMAN | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| ANDREW R BROWNSTEIN ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| HOLLY LIPTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER NEW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES B SHORT | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| ELLEN CELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELO CHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WENDY FISHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA FITZMAURICE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM FLOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA E HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA KRANTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDA LENNON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAFAEL LOZANO-HEMMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONAY MENSCHEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUTHARD C MURPHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUGLAS POLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FARAH AL QASIMI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RASIKA REDDY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALLISON RUSSO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN SEYMOUR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA SILVERSTEIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL STERNBERG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AI WEIWEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID WINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 E 53RD ST FL 12, NEW YORK, NY 10022-4230
- Principal officer (990 for 2024)
- SUSAN K FREEDMAN, ONE EAST 53RD STREET 12 FL, NEW YORK, NY 10022
- Signed the 990
- SUSAN K FREEDMAN, PRESIDENT
- Phone
- (212) 223-7800
- Website
- WWW.PUBLICARTFUND.ORG
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
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.
Program accomplishments
- 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.Expenses $3,956,994 · revenue $817,040
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2898805
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,660,343
- Income (IRS master file)
- $7,227,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,645,098 | $6,732,745 | $9,660,343 | XML |
| 990 | December 2023 | $6,895,069 | $5,557,136 | $10,243,666 | XML |
| 990 | December 2022 | $4,219,910 | $5,360,791 | $8,654,486 | IRS |
| 990 | December 2021 | $4,378,132 | $2,365,111 | $9,627,066 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2898805).
Questions about PUBLIC ART FUND INC
- What is the EIN of PUBLIC ART FUND INC?
- The employer identification number (EIN) of PUBLIC ART FUND INC is 13-2898805.
- Is PUBLIC ART FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to PUBLIC ART FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PUBLIC ART FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PUBLIC ART FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PUBLIC ART FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PUBLIC ART FUND INC?
- The 990 for the year ended December 31, 2024 names SUSAN K FREEDMAN.
- Who are the officers and directors of PUBLIC ART FUND INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 4 received compensation from the organization, the highest $429,400 (NICHOLAS BAUME, ARTISTIC & EXECUTIVE DIRECTOR).
- How much revenue does PUBLIC ART FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,645,098, expenses of $6,732,745 and total assets of $9,660,343 at year end.
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