Planning And Art Resources For Communities Inc
- Assets
- $38.4m
- Revenue
- $1.9m
- Investments
- $37.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2007
- Data as of
- 10/2022
- EIN
- 13-4350414
Organization Overview
Planning And Art Resources For Communities Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planning And Art Resources For Communities 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 10/2022, Planning And Art Resources For Communities Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $4.9m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Planning And Art Resources For Communities Inc has awarded 56 individual grants totaling $14,333,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWARK SCHOOLYARD AND PARK - PROVIDE PLANNING & DESIGN SERVICES FOR A SCHOOLYARD AND PARK IN PARTNERSHIP WITH THE TRUST FOR PUBLIC LAND TO FIT THE NEEDS OF THE SCHOOL AND COMMUNITY IN NEWARK, NJ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Deutsch Chairman, Pres, Director | 1 | $0 | |
Shawn Gannon Director | 0.25 | $0 | |
Victoria Sambunaris Secretary, Director | 0.25 | $0 | |
Megan Wurth Dir/fdtn Mgr/vp/treasurer | 1.75 | $1,499 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davies Toews Architecture Dpc | 10/30/23 | $78,698 |
Eisner Advisory Group Llc | 10/30/23 | $54,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $1,059,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $867,095 |
| Capital Gain Net Income | $867,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $689 |
| Total Revenue | $1,927,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $874 |
| Printing and publications | $0 |
| Other expenses | $38,321 |
| Total operating and administrative expenses | $470,207 |
| Contributions, gifts, grants paid | $4,465,000 |
| Total expenses and disbursements | $4,935,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,123,428 |
| Net Accounts receivable | $20 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,866,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,909 |
| Total assets | $38,425,281 |
| Accounts payable and accrued expenses | $11,841 |
| Grants payable | $270,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $281,841 |
Grants Awarded
Over the last fiscal year, Planning And Art Resources For Communities Inc has awarded $3,765,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE TRUST FOR PUBLIC LAND PURPOSE: NEWARK PROJECT PLANNING GRANT | $225,000 |
RANGELEY LAKES HERITAGE TRUST PURPOSE: KENNEBAGO HEADWATERS ACQUISITION PROJECT | $500,000 |
THE HETRICK-MARTIN INSTITUTE PURPOSE: GENERAL SUPPORT | $100,000 |
VENN FOUNDATION PURPOSE: DONOR ADVISED FUND TO SUPPORT VENN FOUNDATIONS PRI DEDICATED TO IMPROVING THE LIVES OF PEOPLE IN RANGELEY, MAINE | $1,600,000 |
DISCALCED PURPOSE: GENERAL SUPPORT | $100,000 |
INNOCENCE PROJECT PURPOSE: GENERAL SUPPORT | $125,000 |