2023-05-11T15:55:12-05:00 2022-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-07-01 133584032 THE NEW 42ND STREET INC NEW4 6462233000 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 RUSSELL GRANET PRESIDENT 6462233000 2023-05-15 1 RUSSELL GRANET XXX-XX-XXXX FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RUSSELL GRANET 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 24177382 0 X WWW.NEW42.ORG X 1988 NY THE NEW 42ND STREET, INC. CATALYZES THE POWER OF PERFORMING ARTS TO SPARK NEW PERSPECTIVES, INCUBATE NEW WORKS AND CREATE NEW OPPORTUNITIES FOR US ALL. THROUGH THE NONPROFIT'S SIGNATURE PROJECTS, NEW 42 MAKES EXTRAORDINARY PERFORMING ARTS A VITAL PART OF EVERYONE'S LIFE, FROM THE EARLIEST YEARS ONWARD. THE ORGANIZATION ALSO STEWARDS SEVEN HISTORIC THEATER PROPERTIES ON 42ND STREET, ENSURING THE LEGACY AND VITALITY OF AMERICA'S MOST ICONIC THEATER DISTRICT. 29 28 324 28 0 0 5955790 13054257 10365158 10954292 805 2605 99869 73433 16421622 24084587 0 0 0 0 8225669 11001824 0 0 1331382 6007868 8339242 14233537 19341066 2188085 4743521 45204408 49391490 6374610 5818171 38829798 43573319 X SEE SCHEDULE O 0 0 15042341 10954292 THE NEW VICTORY THEATER'S MUCH ANTICIPATED RETURN TO LIVE PERFORMANCES WAS ON NOVEMBER 5, 2021, WITH AUDIENCES AND STAFF THRILLED TO SEE THE HISTORIC STAGE AND THEATER ONCE AGAIN FILLED WITH LIFE. THE 2021-22 NEW VICTORY SEASON COMPRISED FIVE SHOWS, INCLUDING TWO WORKS THAT WERE DEVELOPED IN THE NEW VICTORY LABWORKS PROGRAM. THE PRESENTATIONS INSPIRED AUDIENCES THROUGH IMAGINATIVE PUPPETRY, THEATER, CIRCUS AND MORE. SEVERAL WORKS ALSO ENGAGED PATRONS IN DISCUSSIONS ON TIMELY TOPICS SUCH AS SOCIAL JUSTICE, AND ALL SHOWS HELPED STUDENTS, KIDS, AND FAMILIES DISCOVER THE JOYOUS EXPERIENCE OF THE PERFORMING ARTS. ALTHOUGH 41 PERFORMANCES WERE CANCELED DUE TO COVID RELATED CIRCUMSTANCES, THE THEATER WELCOMED 11,582 KIDS AND FAMILIES INTO THE HISTORIC NEW VICTORY THEATER IN THE 2021-22 SEASON. (CON'T ON SCH O)IN ADDITION TO OFFERING A WONDERFUL SEASON OF LIVE SHOWS, THE NEW VICTORY WAS THRILLED TO SHARE THE 2021-22 SEASON DIGITALLY THROUGH RECORDED PERFORMANCES AVAILABLE TO STREAM VIA THE THEATER'S WEBSITE. DIGITAL PRESENTATIONS ENABLED NEW VICTORY TO REACH WIDER AUDIENCES, AND ENSURED TICKET-BUYING AUDIENCES WERE STILL ABLE TO ENJOY THE SHOWS DURING THOSE PERFORMANCES THAT WERE UNFORTUNATELY CANCELED DUE TO COVID. IN ADDITION TO VIDEOS OF THE FIVE LIVE PRESENTATIONS DURING THE THEATER'S 2021-22 SEASON, NINE ADDITIONAL SHOWS WERE AVAILABLE FOR FAMILIES AND CLASSROOMS TO VIEW AT ANY TIME. IN TOTAL, THE LINEUP OF DIGITAL SHOWS RECEIVED 1,936 VIEWS. DURING THE 2021-22 SEASON, NEW 42 CONTINUED ITS MISSION OF PROVIDING ACCESSIBLE PERFORMING ARTS PROGRAMS TO KIDS AND FAMILIES LOCALLY, NATIONALLY AND INTERNATIONALLY VIA THE CREATION OF 16 NEW EPISODES OF THE POPULAR ONLINE PERFORMING ARTS PROGRAM, NEW VICTORY ARTS BREAK. IN THE 2021-22 SEASON, 73 PARTNER SCHOOLS FROM ACROSS NEW YORK CITY PARTICIPATED IN THE NEW VICTORY EDUCATION PROGRAM, WHICH PROVIDED 25,839 PRE-K THROUGH 12TH GRADE STUDENTS WITH SAFE, COVID-CONSCIOUS IN-PERSON WORKSHOPS, DIGITAL ARTS PROGRAMMING (WHICH RECEIVED 50,000 VIDEO VIEWS) AND LIVE PRESENTATIONS OF THREE SHOWS OF THE NEW VICTORY SEASON. STAFF NOTED THAT STUDENTS AND TEACHERS WERE THRILLED AT THEIR RETURN TO THE THEATER FOR STUNNING PERFORMING ARTS EXPERIENCES, WITH MANY OF THE YOUNGER STUDENTS MARVELING AT THE THEATER AND ONE TEACHER EMPHATICALLY ANNOUNCING, "...IT'S BEEN TOO LONG. WE ARE COMING TO EVERY SHOW THIS SEASON!" IN TOTAL, 819 STUDENTS AND CHAPERONES ATTENDED NINE EDUCATION PERFORMANCES. DIGITAL RECORDINGS OF THE SEASON WERE PLAYED 429 TIMES IN PARTNER CLASSROOMS, ENGAGING 10,725 STUDENTS. TWO-MEMBER TEAMS OF NEW VICTORY TEACHING ARTISTS CONDUCTED 315 CLASSROOM WORKSHOPS, 301 OF WHICH WERE CONDUCTED IN-PERSON AND 14 OF WHICH WERE CONDUCTED VIRTUALLY. IN SUMMER 2021, NEW VICTORY DANCE WAS DEVISED AS A DIGITAL PROGRAM WITH SUBSTANTIAL IN-PERSON ACTIVITIES. THE PROGRAM WAS BASED UPON THE TREMENDOUS WORK OF FIVE STELLAR NYC-BASED DANCE COMPANIES. EACH COMPANY WAS ENGAGED TO RECORD 10-MINUTE EXCERPTS OF THEIR WORK ON THE NEW VICTORY THEATER STAGE, WHICH WERE THEN EDITED TOGETHER INTO A SINGLE VIDEO COMPLETE WITH INTERSTITIALS LED BY NEW VICTORY TEACHING ARTISTS THAT ENCOURAGED VIEWERS TO GET UP AND MOVE. THE NEW VICTORY DANCE DIGITAL PROGRAM WAS HOSTED ON THE NEW VICTORY WEBSITE, WHERE IT WAS AVAILABLE FOR ALL FAMILIES TO VIEW AT NO COST. NVD'S DIGITAL PRESENTATION WAS VIEWED 1,007 TIMES BY 717 HOUSEHOLDS, AND WAS ALSO SHARED WITH 900 KIDS ACROSS 30+ SUMMER PARTNER ORGANIZATIONS. DURING THE 2021-22 SEASON, THE NEW 42 YOUTH CORPS PROGRAMS SERVED A TOTAL OF 54 YOUNG NEW YORKERS AGED 16+ THROUGH 4,819 HOURS OF PAID EMPLOYMENT, JOB TRAINING AND MENTORSHIP. THE THREE BRANCHES OF THE NEW 42 YOUTH CORPS INCLUDE THE NEW VICTORY USHERS, THE COLLEGE CORPS USHERS AND THE NEW 42 FELLOWS. NEW VICTORY LABWORKS SUPPORTS ARTISTS WHO IDENTIFY AS BLACK, INDIGENOUS, PEOPLE OF COLOR, AND WHO MAY ALSO IDENTIFY AS LGBTQ+ AND/OR DISABLED, IN THEIR CREATIVE PROCESS AND PROFESSIONAL DEVELOPMENT. IN FY22, NEW VICTORY LABWORKS SUPPORTED THE WORK OF FIVE ARTISTS EXCITED TO CREATE ART FOR CHILDREN AND FAMILY AUDIENCES. ARTISTS RECEIVED A SUBSTANTIAL FEE, REHEARSAL SPACE, RESOURCES, DRAMATURGICAL FEEDBACK AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THE 2021-22 ARTISTS PRACTICED AN ARRAY OF ARTISTIC DISCIPLINES, INCLUDING DANCE, KHOREOPOETRY, PUPPETRY AND MORE. THE 10-STORY NEW 42ND STREET STUDIOS BUILDING COMPRISES 14 STATE-OF-THE-ART REHEARSAL STUDIOS, THE DUKE ON 42ND STREET BLACK BOX THEATER, AND OFFICE SPACES FOR NEW 42 AND FOUR NON-PROFIT ARTS ORGANIZATIONS. THE STUDIOS BUILDING PLAYS A VITAL ROLE IN THE PERFORMING ARTS COMMUNITY, AND TYPICALLY SERVES 14,000 ARTISTS FROM NOT-FOR-PROFIT ORGANIZATIONS AND COMMERCIAL BROADWAY, OFF-BROADWAY, AND TOURING PRODUCTIONS EACH YEAR. IN 2021-22, NEW 42ND STREET STUDIOS WERE REOPENED WITH STRICT COVID GUIDELINES PUT FORTH BY FEDERAL, CITY AND STATE AGENCIES AS WELL AS THE ACTORS EQUITY UNION. ADMINISTRATIVE STAFF MEMBERS WERE ABLE TO OCCUPY SELECT OFFICE SPACES ON A HYBRID WORK SCHEDULE WHILE ADHERING TO THESE PROTOCOLS.AS LANDLORD TO COMMERCIAL AND NONPROFIT CULTURAL INSTITUTIONS SUB-LEASING FIVE HISTORIC PROPERTIES ON 42ND STREET, NEW 42 CONTINUED TO WORK HAND-IN-HAND WITH ITS TENANTS DURING THIS CHALLENGING TIME TO COLLECTIVELY BUILD TOWARDS THE REVITALIZATION OF TIMES SQUARE, NEW YORK CITY, AND THE PERFORMING ARTS INDUSTRY. 15042341 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 324 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X MICHELE PAGNOTTA VICE PRESIDENT FINANCE 6462233000 229 WEST 42ND STREET NEW YORK NY 100367299 FIONA HOWE RUDIN CHAIR 1.00 X X 0 0 0 SHAHARA AHMAD-LLEWELLYN CO-VICE CHAIR 1.00 X X 0 0 0 MARC A SPILKER CO-VICE CHAIR 1.00 X X 0 0 0 ANDREW SOMMERS TREASURER 1.00 X X 0 0 0 STEFANIE KATZ ROTHMAN SECRETARY 1.00 X X 0 0 0 YEMI BENEDICT-VATEL DIRECTOR 1.00 X 0 0 0 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PRESIDENT, FINANCE 40.00 X 81207 0 12570 MICHELE PAGNOTTAFROM OCT 2021 VICE PRESIDENT, FINANCE 40.00 X 51791 0 0 ELIZABETH CASHOUR VICE PRESIDENT, DEVELOPMENT 40.00 X 170688 0 22772 MARY ROSE DIRECTOR OF ARTISTIC PROGRAMMING 40.00 X 200637 0 26910 LAUREN FITZGERALD VP OF MARKETING & COMMUNICATION 40.00 X 157638 0 21561 DAVID UPTON DIRECTOR OF PRODUCTION 40.00 X 112826 0 19202 EDWARD STALLSWORTH DIRECTOR OF OPERATIONS 40.00 X 111853 0 36629 COURTNEY BODDIE VP OF EDUCATION & SCHOOL ENGAGEMENT 40.00 X 133718 0 20259 1889959 0 288176 18 1 1 0 KASIRER LLC 321 BROADWAY 2ND FLOOR NEW YORK NY 10007 LOBBYING FEES 120000 HALF OF FIFTY CENTS 888 SEVENTH AVENUE 24TH FLOOR NEW YORK NY 10019 PRODUCTION SERVICES 101250 2 1496117 7530910 4027230 13054257 RENTAL & OTHER PROJECTS 532000 10386977 10386977 BOX OFFICE RECEIPTS 711110 567315 567315 10954292 2605 2605 92795 1496117 92795 0 MISCELLANEOUS 900099 73433 73433 73433 24084587 10954292 0 76038 1300432 747465 138294 414673 7392656 5928586 953556 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OFFICER 268004 0 0 0 0 0 19495 0 22856 0 310355 0 0 0 ELIZABETH CASHOUR VICE PRESIDENT, DEVELOPMENT 170688 0 0 0 0 0 9639 0 13133 0 193460 0 0 0 MARY ROSE DIRECTOR OF ARTISTIC PROGRAMMING 200637 0 0 0 0 0 12677 0 14233 0 227547 0 0 0 LAUREN FITZGERALD VP OF MARKETING & COMMUNICATION 157638 0 0 0 0 0 8428 0 13133 0 179199 0 0 0 COURTNEY BODDIE VP OF EDUCATION & SCHOOL ENGAGEMENT 133718 0 0 0 0 0 6606 0 13653 0 153977 0 0 0 FORM 990 PART III LINE 1, DESCRIPTION OF THE ORGANIZATION'S MISSION THE NEW 42ND STREET, INC. WAS ESTABLISHED IN 1990 BY NEW YORK CITY AND STATE AS A NON-PROFIT ORGANIZATION, AND WAS ENTRUSTED WITH 99-YEAR LEASES OF SEVEN HISTORIC THEATERS AND TWO INFILL PROPERTIES ON 42ND STREET BETWEEN 7TH AND 8TH AVENUES IN NEW YORK CITY. GUIDED BY THE OVERALL PUBLIC GOAL OF RETURNING 42ND STREET TO ITS FORMER STATUS AS A LIVELY CULTURAL AND ENTERTAINMENT DESTINATION, THE NEW 42ND STREET, INC. OPERATES PROGRAMMING OUT OF TWO BUILDINGS UNDER ITS STEWARDSHIP: THE NEW VICTORY THEATER AND THE NEW 42ND STREET STUDIOS. THE NEW VICTORY THEATER IS NEW YORK CITY'S PREMIER THEATER FOR KIDS AND FAMILIES, WHICH PROVIDES SUBSTANTIAL EDUCATION, YOUTH DEVELOPMENT, AND NEW WORK DEVELOPMENT PROGRAMS TO THE COMMUNITY EACH YEAR. THE NEW 42ND STREET STUDIOS, COMPRISES A STATE-OF-THE-ART, 10-STORY REHEARSAL STUDIO FACILITY, AS WELL AS THE 199-SEAT BLACK BOX THEATER, THE DUKE ON 42ND STREET. THE NEW 42ND STREET HAS STRATEGICALLY SUBLEASED ITS REMAINING PROPERTIES TO ENSURE THE ONGOING VIBRANCY OF 42ND STREET'S HISTORIC THEATERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY THE PRESIDENT, VP OF FINANCE AND CONTROLLER. FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE, AUDIT & FINANCE COMMITTEE, AND FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCLOSED ANNUALLY BY THE MEMBERS OF THE BOARD OF DIRECTORS. THESE DISCLOSURES ARE EVALUATED BY THE AUDIT AND FINANCE COMMITTEE, WHICH MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY RATIFY A RECOMMENDATION OR THEY MAY REJECT IT, IN WHICH CASE THE PRESIDENT OR THE CHAIRMAN OF THE BOARD MAY BRING THE MATTER TO THE FULL BOARD OF DIRECTORS FOR THEIR DECISION. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE HIRES AN INDEPENDENT FIRM TO PERFORM ANALYSIS OF THE PRESIDENT'S COMPENSATION PACKAGE BASED ON GEOGRAPHICAL AND INDUSTRY COMPARABILITY DATA. THE OBJECTIVE IS TO ENCOURAGE TENURE, MOTIVATE THE ACHIEVEMENT OF SHORT AND LONG-TERM GOALS AND PROVIDE A PACKAGE COMPARABLE WITH INDUSTRY STANDARDS. AN ANALYSIS REPORT OF FINDINGS AND RECOMMENDATIONS IS PRESENTED TO THE SUBCOMMITTEE, WHICH HAS RESPONSIBILITY FOR NEGOTIATING AND SETTING THE PROPOSED SALARY SCHEDULE FOR MULTI-YEAR CONTRACT RENEWAL AND THEN RECOMMENDING A PACKAGE TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE CONTRACT IS REVIEWED BY LEGAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST.