Art Production Fund Inc
- Assets
- $904.3k
- Revenue
- $569.0k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 13-4098503
Organization Overview
Art Production Fund Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Art Production Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Production Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Art Production Fund Inc generated $569.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO COMMISSIONING AND PRODUCING AMBITIOUS PUBLIC ART PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTWORKS AND EXHIBITIONS: "ART IN FOCUS" IS A MULTIDISCIPLINARY PROGRAM THAT SHOWCASES INSTALLATIONS BY CONTEMPORARY ARTISTS INSPIRED BY THE NEW YORK CITY LANDSCAPE AND CONTEMPORARY LIFE. ARTISTS FEATURED IN THE SERIES WILL HAVE THEIR WORK DISPLAYED IN A NUMBER OF PROMINENT AND UNEXPECTED PUBLIC LOCATIONS THROUGHOUT ROCKEFELLER CENTER. ART IN FOCUS IS PRESENTED IN PARTNERSHIP WITH ROCKEFELLER CENTER AND ART PRODUCTION FUND. 2023 ART IN FOCUS ARTISTS INCLUDED JOEL GAITAN, BASIL KINCAID, DOMINIQUE FUNG AND DEBBIE LAWSON. "SEVEN MAGIC MOUNTAINS" BY UGO RONDINONE IN LAS VEGAS, NV - (PROJECT/EXHIBITION-ONGOING)/1,000 VISITORS PER DAY/300,000 VISITORS ANNUALLY.
ART SUNDAE CHILDREN'S WORKSHOP BY 4 ARTISTS (MAX COLBY, EMILY MULLIN, ARGHAVAN KHOSRAVI AND LORRAINE NAM). 4 WORKSHOPS / OVER 400 PARTICIPANTS / 100,000 VISITORS OF RESULTING PUBLIC PROJECT AT ROCKEFELLER CENTER.
ART PRODUCTION FUND'S 'NOW PLAYING' AT FRIEZE LA BRINGS TOGETHER A SERIES OF ARTWORKS THAT SHINE A LIGHT ON THE OFTEN-OVERLOOKED ELEMENTS OF EVERYDAY LIFE IN LOS ANGELES; THE VEHICLES, STREET FOOD, SPORTS, AIRCRAFT, CONSTRUCTION SITES AND DEEPER HISTORIES THAT BLEND INTO THE BACKGROUND. THE ARTISTS FEATURED IN 'NOW PLAYING' PROVIDE A LENS THROUGH WHICH WE CAN SEE THESE QUOTIDIAN DETAILS ANEW; EVER PRESENT BUT UNSEEN, THAT MAKE LOS ANGELES A CITY BOTH COMPLEX AND BELOVED.'NOW PLAYING' RECEIVES SUPPORT FROM ART OF RECOVERY, AN INITIATIVE OF THE CITY OF SANTA MONICA CULTURAL AFFAIRS. PARTICIPATING ARTISTS IN 'NOW PLAYING' INCLUDE AUTUMN BREON, CHRIS BURDEN, JOSE DAVILA, BASIL KINCAID, DIVYA MEHRA, RUBEN OCHOA, ALAKE SHILLING AND JENNIFER WEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlies Verhoeven Chair | OfficerTrustee | 1 | $0 |
Amy Sacco Secretary | OfficerTrustee | 1 | $0 |
Dan Tanzilli Treasurer | OfficerTrustee | 1 | $0 |
Enrique Liberman ESQ General Counsel | Trustee | 1 | $0 |
Fabiola Beracasa Beckman Director | Trustee | 1 | $0 |
Hiba Schahbaz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $279,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,646 |
| Noncash contributions included in lines 1a–1f | $24,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,246 |
| Total Program Service Revenue | $77,329 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,630 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,231 |
| Net Income from Fundraising Events | -$129,513 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$28,615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,123 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,609 |
| Compensation of current officers, directors, key employees. | $42,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,565 |
| Payroll taxes | $26,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,750 |
| Fees for services: Accounting | $45,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $514 |
| Office expenses | $10,985 |
| Information technology | $8,076 |
| Royalties | $0 |
| Occupancy | $261 |
| Travel | $5,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,669 |
| Insurance | $19,569 |
| All other expenses | $1,750 |
| Total functional expenses | $1,006,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,064 |
| Savings and temporary cash investments | $207,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,558 |
| Net Land, buildings, and equipment | $980 |
| Investments—publicly traded securities | $129,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $904,267 |
| Accounts payable and accrued expenses | $29,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,772 |
| Net assets without donor restrictions | $732,963 |
| Net assets with donor restrictions | $141,532 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $904,267 |