PUBLIC ART FUND INC Charity Report

Public IRS 990 nonprofit record

PUBLIC ART FUND INC

EIN 13-2898805 · Community Improvement & Capacity Building (S)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $58.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.10%of revenue went to mission work58.8% of expenses · Program services

23.78%of revenue went to fundraising19.9% of expenses

$119.27spent for every $100 of revenueSpending was higher than revenue this year.

25.39%of revenue went to management and office costs21.3% of expenses

$1.43in assets for every $1 spent this yearSome assets cannot be spent right away.

81.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,087,647 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $444,140 for NICHOLAS BAUME (ARTISTIC & EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,645,098

Mission workProgram services$3,956,99470.10% of revenue58.8% of expenses

ManagementOffice and general costs$1,433,22625.39% of revenue21.3% of expenses

FundraisingAsking for donations$1,342,52523.78% of revenue19.9% of expenses

Total expenses$6,732,745119.27% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 58.8% mission · 21.3% management · 19.9% fundraisingTotal expenses: 119.27% of revenue

2023Expense mix: 61.8% mission · 21.7% management · 16.5% fundraisingTotal expenses: 80.60% of revenue

2022Expense mix: 54.0% mission · 28.6% management · 17.4% fundraisingTotal expenses: 127.04% of revenue

2021Expense mix: 64.6% mission · 19.4% management · 16.0% fundraisingTotal expenses: 54.02% of revenue

2020Expense mix: 64.3% mission · 17.7% management · 18.0% fundraisingTotal expenses: 63.92% of revenue

2019Expense mix: 59.1% mission · 23.4% management · 17.5% fundraisingTotal expenses: 126.01% of revenue

2018Expense mix: 71.9% mission · 10.2% management · 17.9% fundraisingTotal expenses: 86.98% of revenue

2017Expense mix: 75.6% mission · 8.3% management · 16.1% fundraisingTotal expenses: 108.15% of revenue

Money in and money out

Revenue$5,645,098

Expenses$6,732,745

Annual shortfall $1,087,647 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,956,994 · 58.8% of expenses

Management and office costs$1,433,226 · 21.3% of expenses

Fundraising$1,342,525 · 19.9% of expenses

See all reported dollar amounts

Revenue$5,645,098

Expenses$6,732,745

Assets$9,660,343

Income$7,227,403

Contributions$4,610,376

Mission work (program services)$3,956,994

Fundraising$1,342,525

Management and general$1,433,226

Stocks and bonds$5,062,950

Accounting fees$39,585

Investing fees$33,833

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

NICHOLAS BAUMEARTISTIC & EXECUTIVE DIRECTOR · 40 hrs/week $444,140Base $429,400 · Other $14,740

SUSAN K FREEDMANPRESIDENT · 40 hrs/week $371,428Base $352,067 · Other $19,361

STEPHANIE ADAMSDEPUTY DIRECTOR - EXTERNAL AFFAIRS · 40 hrs/week $252,500Base $245,520 · Other $6,980

LARRY GIANNECHINIDEPUTY DIRECTOR - PROGRAMS · 40 hrs/week $176,731

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

NICHOLAS BAUMEARTISTIC & EXECUTIVE DIRECTOR

SUSAN K FREEDMANPRESIDENT

STEPHANIE ADAMSDEPUTY DIRECTOR - EXTERNAL AFFAIRS

LARRY GIANNECHINIDEPUTY DIRECTOR - PROGRAMS

KAREN SEYMOURBOARD MEMBER

WENDY FISHERBOARD MEMBER

SARA FITZMAURICEBOARD MEMBER

RUTHARD C MURPHYBOARD MEMBER

RONAY MENSCHELBOARD MEMBER

RASIKA REDDYBOARD MEMBER

PATRICIA E HARRISBOARD MEMBER

PATRICIA SILVERSTEINBOARD MEMBER

MICHAEL STERNBERGBOARD MEMBER

MARGOT BRAMBOARD MEMBER

LINDA LENNONBOARD MEMBER

KARYN OLIVERBOARD MEMBER

AI WEIWEIBOARD MEMBER

JENNIFER NEWSECRETARY

JENNIFER HARRISBOARD MEMBER

HOLLY LIPTONVICE PRESIDENT

ELLEN CELLIBOARD MEMBER

ELIZABETH FEARON PEPPERMANCHAIR

DOUGLAS POLLEYBOARD MEMBER

DAVID WINEBOARD MEMBER

CHARLES B SHORTTREASURER

ANGELO CHANBOARD MEMBER

ANDREW R BROWNSTEIN ESQVICE PRESIDENT

ANDREA KRANTZBOARD MEMBER

ALLISON WIENERBOARD MEMBER

ALLISON RUSSOBOARD MEMBER

ALEXANDRA FRANKELBOARD MEMBER

About this charity

Recognized since: January 1977
Location: ONE EAST 53RD STREET 12 FL, NEW YORK, NY 10022
County: New York
In care of: SUSAN K FREEDMAN
Primary officer: SUSAN K FREEDMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(212) 223-7800

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LUTZ AND CARR CPAS LLP
NTEE classification: Community Improvement & Capacity Building (S)
IRS tax category: Community Improvement & Capacity Building