PROJECT FOR PUBLIC SPACES INC

EIN: 132808114 501(c)(3) Environment

BROOKLYN, NY

Total Revenue
$2,869,759
Total Expenses
$2,698,720
Total Assets
$1,893,784
Net Assets
$1,226,005
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NY
Principal Officer
KELLY VEREL
Phone
2126205660
Tax Period
2024-01-01 to 2024-12-31

PROJECT FOR PUBLIC SPACES INC, founded in 1975, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 6% surplus.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,048,470
Program Service Revenue $796,877
Investment Income $7,558
Other Revenue $16,854
TOTAL REVENUE $2,869,759

Expense Breakdown

Grants Paid $740,000
Salaries & Benefits $1,366,882
Fundraising Expenses $118,798
Program Expenses $2,087,843
Other Expenses $591,838
TOTAL EXPENSES $2,698,720

Year-over-Year Comparison

2024 2023 Change
Revenue $2,869,759 $1,652,231 +0.7%
Expenses $2,698,720 $2,000,674 +0.3%
Net Income $171,039 $-348,443 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$283,575
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BURNEY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ELLEN ABRAHAM TREASURER 1.00
Officer Director
$0 $0 $0
RICARDO BYRD SECRETARY 1.00
Officer Director
$0 $0 $0
REENA AGARWAL BOARD MEMBER 1.00
Director
$0 $0 $0
LISA KNIP BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID KOREN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIDGET MARQUIS BOARD MEMBER 1.00
Director
$0 $0 $0
TODD PALMER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LOW-BEER BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA KRAGER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID PARK BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER VICKERS LEFT 1224 BOARD CHAIR 1.00
Director
$0 $0 $0
JON ZADRODZKY LEFT 424 BOARD CHAIR 1.00
Director
$0 $0 $0
KELLY VEREL CO-EXECUTIVE DIRECTOR 40.00
Officer
$128,524 $31,166 $159,690
NATHAN STORRING CO-EXECUTIVE DIRECTOR 40.00
Officer
$122,885 $1,000 $123,885
ELENA MADISON DIRECTOR OF PROJECTS 40.00
Highest
$103,455 $1,000 $104,455
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,869,759 $2,698,720 $1,893,784 $171,039
2023 $1,652,231 $2,000,674 $1,385,223 $-348,443
2022 $2,778,853 $2,083,156 $1,628,214 $695,697
2021 $2,895,436 $2,208,034 $985,831 $687,402
2020 $2,512,686 $3,595,380 $648,849 $-1,082,694
2019 $4,193,084 $4,925,130 $1,697,207 $-732,046
2018 $5,079,117 $5,189,519 $2,548,474 $-110,402
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