Nonprofit · EIN 83-0831709
PLACEMAKING FUND
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $167,941 | $270,920 | -$102,979 | $1,155,072 | $100,416 | $1,054,656 |
| May 31, 2024 | 990-PF | $273,654 | $304,551 | -$30,897 | $1,206,459 | $94,145 | $1,112,314 |
| May 31, 2023 | 990 | $124,773 | $271,854 | -$147,081 | $1,092,456 | $95,009 | $997,447 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $102,010
- Dividends
- $13,325
- Net gain from sales of assets
- $21,902
- Other income
- $30,704
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $146,739
- Disbursements for charitable purposes
- $263,188
- Excise tax on investment income
- $382
Balance sheet and other
- Total assets, start of year
- $1,206,459
- Total assets, end of year
- $1,155,072
- Total liabilities, end of year
- $100,416
- Net assets, end of year
- $1,054,656
- Fair market value of assets
- $1,155,072
- Qualifying distributions
- $263,188
- Net investment income
- $35,227
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-PF for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ETHAN KENT 177 BALTIC STREET, BROOKLYN, NY 11201 | EXECUTIVE DI Highest-paid employee | 20 | $98,400 |
| FRED KENT III 177 BALTIC STREET, BROOKLYN, NY 11201 | VICE-PRES.,T | 5 | $0 |
| STEPHEN DAVIES 177 BALTIC STREET, BROOKLYN, NY 11201 | PRESIDENT, S | 5 | $0 |
990-PF for the year ended May 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ETHAN KENT 177 BALTIC STREET, BROOKLYN, NY 11201 | EXECUTIVE DI Highest-paid employee | 20 | $96,000 |
| JOSHUA KENT 177 BALTIC STREET, BROOKLYN, NY 11201 | MANAGING DIR | 20 | $47,160 |
| FRED KENT III 177 BALTIC STREET, BROOKLYN, NY 11201 | VICE-PRES.,T | 5 | $0 |
| STEPHEN DAVIES 177 BALTIC STREET, BROOKLYN, NY 11201 | PRESIDENT, S | 5 | $0 |
| KATHLEEN A MADDEN 177 BALTIC STREET, BROOKLYN, NY 11201 | BOARD MEMBER | 5 | $0 |
990 for the year ended May 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN DAVIES | PRESIDENT, S Trustee or director, Officer | 25 | $0 |
| FRED KENT III | VICE-PRES.,T Trustee or director, Officer | 25 | $0 |
| KATHLEEN A MADDEN | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 177 BALTIC ST, BROOKLYN, NY 11201-6173
- Signed the 990-PF
- FRED KENT III, VICE-PRES.,TREASURER
- Phone
- (917) 520-2796
- Website
- WWW.PLACEMAKINGFUND.ORG
- Return prepared by
- HOROWITZ & ULLMANN PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-0831709
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2019
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,155,072
- Income (IRS master file)
- $436,175
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $167,941 | $270,920 | $1,155,072 | XML |
| 990-PF | May 2024 | $273,654 | $304,551 | $1,206,459 | XML |
| 990 | May 2023 | $124,773 | $271,854 | $1,092,456 | XML |
| 990 | May 2022 | $534,551 | $254,096 | $1,167,366 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 83-0831709).
Questions about PLACEMAKING FUND
- What is the EIN of PLACEMAKING FUND?
- The employer identification number (EIN) of PLACEMAKING FUND is 83-0831709.
- Is PLACEMAKING FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PLACEMAKING FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PLACEMAKING FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PLACEMAKING FUND due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PLACEMAKING FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of PLACEMAKING FUND?
- The 990-PF for the year ended May 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $98,400 (ETHAN KENT, EXECUTIVE DI).
- How much revenue does PLACEMAKING FUND have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $167,941, expenses of $270,920 and total assets of $1,155,072 at year end.
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