Overview
What is Public Art Fund Inc?
Public Art Fund Inc, based in New York City, is a distinguished nonprofit organization dedicated to bringing contemporary art into public spaces. With a staff of 32, they engage a diverse roster of artists, showcasing their works that reflect various perspectives and reflect the multifaceted nature of New York City. Their projects, ranging from dynamic exhibitions and installations to new commissions, are strategically placed in high-traffic locations and across the city's five boroughs, ensuring a broad audience of around 11 million people can enjoy them annually. Public Art Fund's mission is to make these experiences accessible through didactic materials and online resources, including videos, maps, and general information. They also host lectures, both virtually and in-person, connecting contemporary artists with a wider public.
Official website here: www.publicartfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Public Art Fund Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has achieved an impressive score of 93%, which indicates a high level of transparency and effective financial management. Key highlights include a fully independent board of directors and robust policies in place for oversight, ensuring fiduciary responsibility and integrity in operations.
The nonprofit excels in various financial metrics, including a low liabilities-to-assets ratio and high fundraising efficiency, demonstrating its capacity to manage resources effectively. Additionally, a significant portion of its expenses is allocated to programs, which indicates a commitment to fulfilling its mission in supporting public art initiatives. The organization also adheres to best practices by having a whistleblower policy and a conflict of interest policy in place.
However, while the program expense ratio is commendable, it could still be improved to ensure a higher percentage of funds directly support its artistic endeavors. Overall, Public Art Fund Inc shows a strong commitment to accountability and effective management, making it a trustworthy option for donors interested in supporting public art projects.
This AI summary has been generated from information found on Charity Navigator.
Is Public Art Fund Inc legitimate?
Public Art Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Public Art Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $910,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,425,356
For more financial information, click here
Official website here: www.publicartfund.org
What is the mission statement of Public Art Fund Inc?
Public Art Fund Inc, as a leading organization in its field, aims to bring dynamic contemporary art to a broad audience beyond New York City by mounting ambitious free exhibitions of international scope and impact. These exhibitions offer the public compelling experiences with art and the urban environment, often in unexpected locations such as parks, plazas, and outdoor advertising venues. The organization collaborates with artists to create site-responsive works, integrating the installations into their locations and providing educational materials to aid audience enjoyment and understanding. Public Art Fund's projects are located in highly trafficked areas and across various boroughs, ensuring a broad reach, with an estimated 11 million people experiencing an exhibition or program in the last year. Public Art Fund also engages with its online audience through its website and social media platforms, offering extended information and virtual tours of exhibitions.
Official website here: www.publicartfund.org
Who is the CEO of Public Art Fund Inc?
Susan K Freedman is the Chair of Public Art Fund Inc.
Official website here: www.publicartfund.org
What is the revenue of Public Art Fund Inc?
Public Art Fund Inc's revenue in 2022 was $4,219,910.
Official website here: www.publicartfund.org
Who are the executives of Public Art Fund Inc and what are their salaries?
The average compensation at Public Art Fund Inc during 2022 was $73,007. There are 32 employees and 26 volunteers at Public Art Fund Inc.
Here are 31 key members and their salaries:
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- Compensation: $374,500
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- Compensation: $152,325
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- Other: $26,987
- Compensation: $103,712
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- Other: $1,580
Official website here: www.publicartfund.org
Where can I find the form 990 for Public Art Fund Inc?
Public Art Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.publicartfund.org
Learn more at the official website: www.publicartfund.org
Mission Statement of Public Art Fund Inc
Public Art Fund Inc, as the leading presenter of artists' projects and exhibitions in public spaces, plays a significant role in bringing dynamic contemporary art to a broad audience in New York City and beyond. Their mission, in essence, is to provide powerful experiences with art and the urban environment by mounting ambitious free exhibitions of international scope and impact. The organization engages artists from various backgrounds whose works reflect diverse perspectives, reflecting the diversity of New York City. Through its major initiatives, Public Art Fund presents dynamic exhibitions, installations, and new commissions of artworks by an international roster of artists at different stages of their careers. These projects are strategically placed in various locations across the city, including parks, plazas, outdoor advertising venues, and unexpected sites, allowing New Yorkers to experience art free of charge.
To reach the broadest possible audience, Public Art Fund locates its projects in both highly trafficked locations and across New York City's five boroughs. In addition to exhibition activities, the organization expands its outreach programs by producing didactic materials and support for each project, making them accessible to a wider audience. Public Art Fund's audience is as diverse as New York City's residents and visitors, with an estimated 11 million people experiencing a PAF exhibition or program in the last year. Given the unique challenges of mounting an exhibition outdoors, Public Art Fund also invests resources in engaging with its online audience through its website and social media platforms, offering extended information on each exhibition and artist, along with maps and general information about the shows. Videos for each exhibition provide opportunities for online viewers to experience the shows from an in-person visitor's perspective, and the organization continues to present its signature lecture series, Public Art Fund Talks, both virtually and in person.
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Impact
August, 2024
Public Art Fund Inc's impact is significant in bringing dynamic contemporary art to a broad audience in New York City. By presenting ambitious free exhibitions of international scope and impact, Public Art Fund offers powerful experiences with art and the urban environment. Through engaging with artists of different backgrounds and reflecting diverse points of view, Public Art Fund contributes to the cultural vibrancy of the city, reaching an estimated 11 million people annually with its exhibitions and programs. Additionally, by integrating art into public spaces such as parks, plazas, and advertising venues, Public Art Fund enhances the accessibility of art and expands the ways in which people can interact with artistic expressions, ultimately enriching the cultural landscape of New York City.
This information is meant to be a general summary of Public Art Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $64,064
- Program Service Revenue: $307,386
- Gross Receipts: $4,618,913
Assets and Liabilities:
- Total Assets: $8,654,486
- Total Liabilities: $1,680,602
- Net Assets: $6,973,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTATION FEES
Revenue
$286,786
EXHIBITION FEES
Revenue
$20,600
Organization Details
Founding Year
1977
Phone
(212) 223-7800Principal Officer
Susan K Freedman
Main Address
ONE EAST 53RD STREET 12 FL, NEW YORK, NY, 10022
Website
www.publicartfund.orgNTEE Category
Code: A40 - Arts
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