Skip to content
Nonprofiteer
← PROJECT FOR PUBLIC SPACES INC

Form 990 for tax year 2023

Filed by PROJECT FOR PUBLIC SPACES INC.

Totals

Total revenue
$1,652,231
Total expenses
$2,000,674
Contributions and grants received
$1,236,927
Grants paid
$390,000
Program service revenue
$404,452
Investment income
$163
Other revenue
$10,689
Total assets, end of year
$1,385,223
Total liabilities, end of year
$330,257
Net assets or fund balances, end of year
$1,054,966
Program services expenses (Part IX)
$1,254,855
Management and general expenses
$622,345
Fundraising expenses
$123,474
Program service expenses (Part III)
$1,254,855

Program services were 62.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,236,927

  • 1g · Noncash contributions included above

    $12,987

  • 2a · Program service revenue: EVENTS

    total $252,794 · related or exempt $252,794

  • 2b · Program service revenue: CONSULTING SERVICES

    total $117,891 · related or exempt $117,891

  • 2c · Program service revenue: REIMBURSEMENTS

    total $13,912 · related or exempt $13,912

  • 2d · Program service revenue: SPONSORSHIP

    total $7,558 · related or exempt $7,558

  • 2e · Program service revenue: MEMBERSHIPS

    total $6,639 · related or exempt $6,639

  • 2f · All other program service revenue

    total $5,658 · related or exempt $5,658

  • 3 · Investment income

    total $163 · excluded $163

  • 11a · Other revenue: MISC. INCOME

    total $10,689 · related or exempt $10,689

  • 11e · Other revenue, total

    $10,689

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $390,000 · program services $390,000

  • 5 · Compensation of officers, directors and key employees

    total $280,759 · program services $70,190 · management and general $140,379 · fundraising $70,190

  • 7 · Other salaries and wages

    total $659,591 · program services $409,060 · management and general $248,585 · fundraising $1,946

  • 9 · Other employee benefits

    total $126,821 · program services $72,052 · management and general $49,991 · fundraising $4,778

  • 10 · Payroll taxes

    total $74,349 · program services $38,408 · management and general $30,582 · fundraising $5,359

  • 11b · Fees: legal

    total $80 · management and general $80

  • 11c · Fees: accounting

    total $44,250 · management and general $44,250

  • 11e · Fees: professional fundraising services

    total $41,000 · fundraising $41,000

  • 11g · Fees: other

    total $152,302 · program services $136,327 · management and general $15,975

  • 12 · Advertising and promotion

    total $14,094 · program services $11,227 · management and general $2,867

  • 13 · Office expenses

    total $3,723 · program services $429 · management and general $3,294

  • 16 · Occupancy

    total $100,800 · program services $44,897 · management and general $55,903

  • 17 · Travel

    total $68,863 · program services $61,671 · management and general $7,146 · fundraising $46

  • 19 · Conferences, conventions and meetings

    total $1,325 · management and general $1,256 · fundraising $69

  • 23 · Insurance

    total $9,620 · program services $4,702 · management and general $4,918

  • 24a · Other expenses: OTHER EXPENSES

    total $16,577 · management and general $16,577

  • 24b · Other expenses: BANK FEES

    total $16,520 · program services $15,892 · management and general $542 · fundraising $86

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,437 · end of year $123,668

  • 2 · Savings and temporary cash investments

    beginning of year $942,560 · end of year $1,251,815

  • 4 · Accounts receivable

    beginning of year $61,217 · end of year $2,460

  • 9 · Prepaid expenses and deferred charges

    end of year $5,139

  • 15 · Other assets

    beginning of year $0 · end of year $2,141

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,805 · end of year $77,959

  • 18 · Grants payable

    end of year $240,000

  • 19 · Deferred revenue

    end of year $12,298

  • 27 · Net assets without donor restrictions

    beginning of year $444,973 · end of year -$207,090

  • 28 · Net assets with donor restrictions

    beginning of year $1,088,436 · end of year $1,262,056

Mission and programs · 2023

Mission

PROJECT FOR PUBLIC SPACES, INC. IS A NOT FOR PROFIT ORGANIZATION DEDICATED TO HELPING PEOPLE CREATE AND SUSTAIN PUBLIC SPACES THAT BUILD STRONGER COMMUNITIES.

Activities or mission (Part I)

DEDICATED TO HELPING PEOPLE CREATE AND SUSTAIN PUBLIC SPACES THAT BUILD STRONGER COMMUNITIES.

  • PLACEMAKING PROGRAM:THE PLACEMAKING PROGRAM SEEKS TO GIVE EVERYONE THE OPPORTUNITY TO SHAPE AND IMPROVE THE PUBLIC SPACES THEY USE EVERYDAY THROUGH PARTNERSHIPS, TRAINING, CONVENING, AND RESEARCH.IN 2023, PROJECT FOR PUBLIC SPACES BUILT UPON ITS DECADES OF EXPERIENCE WORKING IN PARTNERSHIP WITH FOUNDATIONS AND CORPORATE SOCIAL RESPONSIBILITY PROGRAMS BY CONTINUING THE COMMUNITY PLACEMAKING GRANTS INITIATIVE. WITH SUPPORT FROM GENERAL MOTORS AND THE WALTON FAMILY FOUNDATION, THIS INITIATIVE AIMS TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE, AS WELL AS CAPACITY BUILDING OPPORTUNITIES, TO PLACEMAKING NONPROFITS IMPROVING ACCESS TO PUBLIC SPACES AROUND THE UNITED STATES.

    Expenses $986,138 · Grants $390,000 · Revenue $172,631

  • MARKET CITIES:THE MARKET CITIES PROGRAM SEEKS TO IMPROVE PUBLIC POLICY AND ON-THE-GROUND PRACTICE REGARDING PUBLIC MARKET SYSTEMS AROUND THE WORLD. IN 2023, MARKET CITIES CONTINUES TO PUBLISH A BI-WEEKLY E-NEWSLETTER AND HELD AN ONLINE TRAINING COURSE, TITLED HOW TO CREATE SUCCESSFUL MARKETS. THE PROGRAM PRODUCED A CONFERENCE IN TORONTO TO CONVENE MARKET PROFESSIONALS IN JUNE, AND LAUNCHED A NEW MARKET CITIES NETWORK TO CONNECT INDUSTRY PROFESSIONALS. ADDITIONALLY, THE MARKET CITIES TEAM PROVIDED TECHNICAL ASSISTANCE TO A MARKET IN LEXINGTON, KY.

    Expenses $268,717 · Revenue $242,510

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Burney

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jon E Zagrodzky

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ricardo Byrd

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Vickers

    CHAIR OF GOVERNANCE COMMIT

    Total calculated
    $0
    Hours/week
    1

  • Reena Agarwal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Knip

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Koren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bridget Marquis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Palmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Verel

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $161,798
    From this org
    $131,241
    From related orgs
    $0
    Other
    $30,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,241
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,557
    Filer's total
    $161,798

  • Nate Storring

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elena Madison

    DIRECTOR OF PROJECTS

    Total calculated
    $101,031
    From this org
    $101,031
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202442339349301034

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.