2022-05-13T14:58:17-05:00 2021-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-07-01 133584032 THE NEW 42ND STREET INC NEW4 6462233000 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 RUSSELL GRANET PRESIDENT 6462233000 2022-05-01 1 RUSSELL GRANET XXX-XX-XXXX FREDERICK MARTENS P00298107 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RUSSELL GRANET 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 16421622 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. 30 29 311 29 0 0 5262893 5955790 12946374 10365158 2349 805 142382 99869 18353998 16421622 0 0 0 0 11830622 8225669 36000 0 1330489 8003876 6007868 19870498 14233537 -1516500 2188085 46201671 45204408 9559958 6374610 36641713 38829798 X SEE SCHEDULE O 0 0 10733693 10365158 IN 2020-21-THE NEW VICTORY THEATER'S 25TH ANNIVERSARY SEASON-NEW 42 RETROFITTED ANNUAL PROGRAMS ONTO DIGITAL PLATFORMS, LAUNCHED NEW PROGRAMS TO ADDRESS PROBLEMS PRECIPITATED BY COVID-19, AND ADJUSTED PRIORITIES TO HELP ADDRESS ISSUES OF ISOLATION, TRAUMA AND SYSTEMIC RACISM WITHIN THE PERFORMING ARTS WORLD. CITTED TO THE SAFETY AND WELLBEING OF NEW YORK STUDENTS, FAMILIES AND ARTISTS, NEW 42 PROVIDED THE 2020-21 SEASON ENTIRELY VIA WEB-BASED PLATFORMS FREE OF CHARGE TO FAMILIES AND SCHOOLS. NEW 42 CONTINUED NEW VICTORY ARTS BREAK, A FREE, WEEKLY, WEB-BASED PERFORMING ARTS ENGAGEMENT PROGRAM, WHICH WAS LAUNCHED IN MARCH OF 2020 WHEN SCHOOLS AND THEATERS WERE ..(SEE SCHEDULE O FOR CONTINUATION) CLOSED IN RESPONSE TO THE PANDEMIC. ARTS BREAK ALSO SHARED WORK BY NYC ARTISTS WHO WERE DEVELOPING NEW PERFORMING ARTS SHOWS FOR KIDS AND FAMILIES AS PART OF THE NEW VICTORY LABWORKS PROGRAM. ARTS BREAK GARNERED 494,411 VIDEO VIEWS ON NEW VICTORY PLATFORMS IN 2020-21, AND WAS SEEN BY THOUSANDS MORE FAMILIES ON PBS STATIONS ACROSS THE COUNTRY THROUGH THE THEATER'S PARTNERSHIP WITH WNET.IN SUMMER 2020, NEW 42'S POPULAR NEW VICTORY DANCE PROGRAM WAS PRESENTED DIGITALLY FROM JULY 21 - AUGUST 11. NEW 42 PUBLISHED ONE OR TWO 20-MINUTE VIDEOS PER WEEK, WITH EACH VIDEO FEATURING A DIFFERENT DANCE COMPANY OR ARTIST. NEW VICTORY DANCE VIDEOS WERE VIEWED 6,966 TIMES THROUGHOUT THE 2020-21 SEASON. IN SUMMER 2020, NEW VICTORY EDUCATION PROVIDED "VIRTUAL FIELD TRIPS" TO 720 YOUNG PEOPLE AT 16 PARTNER INSTITUTIONS, INCLUDING NYC DEPARTMENT OF EDUCATION SUMMER SCHOOL PROGRAMS AND SUBSIDIZED DAY CAMPS. VIRTUAL FIELD TRIPS WERE SUPPORTED BY 53 LIVE AND/OR PRE-RECORDED CLASSROOM WORKSHOPS. EDUCATION PARTNERS ALSO RECEIVED NEW VICTORY SCHOOL TOOL RESOURCE GUIDES, WHICH SHARED INFORMATION ABOUT NEW VICTORY DANCE COMPANIES, ARTISTS, AND CHOREOGRAPHERS FEATURED, AND THE TYPES OF DANCE USED IN EACH SHOW.IN AN EFFORT TO HELP DIVERSIFY THE FIELD OF PERFORMING ARTS FOR YOUNG AUDIENCES, BEGINNING IN 2020-21, NEW VICTORY LABWORKS SPECIFICALLY SERVED FOUR ARTISTS WHO IDENTIFY AS BLACK, INDIGENOUS AND/OR PEOPLE OF COLOR (BIPOC). EACH ARTIST RECEIVED A FEE OF $15,000, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, ACCESS TO FREE REHEARSAL SPACE AND MORE.DURING THE 2020-21 SEASON, NEW VICTORY EDUCATION PARTNERED WITH 102 NEW YORK CITY SCHOOLS TO PROVIDE 26,009 PRE-K - 12TH GRADE STUDENTS WITH INNOVATIVE, DIGITAL ARTS EDUCATION INITIATIVES THAT WERE STREAMED DIRECTLY INTO THEIR IN-PERSON AND/OR VIRTUAL CLASSROOMS. SCHOOL PARTNERS CAME FROM ALL FIVE NEW YORK CITY BOROUGHS, WITH SOME OUTER-BOROUGH SCHOOLS ABLE TO PARTICIPATE VIRTUALLY FOR THE FIRST TIME. NEW VICTORY TEACHING ARTISTS LED 366 SYNCHRONOUS VIRTUAL CLASSROOM WORKSHOPS TO ENCOURAGE THE CREATIVE EXPLORATION OF 7,320 STUDENTS. A LIBRARY OF 75+ ASYNCHRONOUS, MODULAR LESSON PLANS AND INSTRUCTIONAL VIDEOS WERE ALSO SHARED WITH HUNDREDS OF TEACHERS ACROSS NEW YORK CITY.NEW 42 YOUTH CORPS-COMPRISING THE USHER CORPS, COLLEGE CORPS AND FELLOWS CORPS-IS A CREATIVE YOUTH DEVELOPMENT PROGRAM OFFERING NEW YORKERS AGES 16+ A PATHWAY OF SUPPORT FROM HIGH SCHOOL, THROUGH COLLEGE, AND INTO PROFESSIONAL CAREERS. IN 2020-21, NEW 42 YOUTH CORPS SUPPORTED 59 HIGH SCHOOL AND COLLEGE-AGED YOUTH. YOUTH CORPS MEMBERS WERE PAID TO PARTICIPATE IN VIRTUAL JOB TRAINING, PROFESSIONAL DEVELOPMENT AND MENTORSHIP SESSIONS. SOME MEMBERS ALSO HELPED CREATE DIGITAL CONTENT FOR NEW VICTORY ARTS BREAK AND NEW VICTORY DANCE. IN TOTAL, YOUTH CORPS MEMBERS WERE PAID FOR A COLLECTIVE 9,076 HOURS.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. 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 2020-21, NEW 42ND STREET STUDIOS LARGELY REMAINED SHUTTERED DUE TO COVID-19. AS LANDLORD TO COMMERCIAL AND NONPROFIT CULTURAL INSTITUTIONS SUB-LEASING FIVE HISTORIC PROPERTIES ON 42ND STREET, NEW 42 ALSO WORKED 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. 10733693 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 59 0 1 311 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 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 HERMAN A BERLINER DIRECTOR 1.00 X 0 0 0 LYNNE BIGGAR DIRECTOR 1.00 X 0 0 0 LAURA O'DONOHUE DIRECTOR 1.00 X 0 0 0 MAURICE DUBOIS DIRECTOR 1.00 X 0 0 0 LILI FABLE DIRECTOR 1.00 X 0 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157654 0 32157 ELIZABETH CASHOUR VICE PRESIDENT, DEVELOPMENT 40.00 X 155064 0 34747 MARY ROSE DIRECTOR OF ARTISTIC PROGRAMMING 40.00 X 194475 0 25429 LAUREN FITZGERALD DIR OF MARKETING & COMMUNICATIONS 40.00 X 152695 0 20151 ROBIN LEEDS DIRECTOR OF TICKET SERVICES 40.00 X 113210 0 33459 EDWARD STALLSWORTH DIRECTOR OF OPERATIONS 40.00 X 105015 0 16497 COURTNEY BODDIE VP OF EDUCATION & SCHOOL ENGAGEMENT 40.00 X 109249 0 18000 2253908 0 289302 16 1 1 0 PAUL WEISS RIFKIND WHARTON & GARRISON LL 1285 AVENUE OF THE AMERICAS NEW YORK NY 10019 LEGAL FEES 437725 KASIRER LLC 321 BROADWAY 2ND FLOOR NEW YORK NY 10007 LOBBYING FEES 120000 2 1491791 2514450 1949549 24921 5955790 RENTAL & OTHER PROJECTS 532000 10315840 10315840 BOX OFFICE RECEIPTS 711110 49118 49118 EDUCATION SERVICES REVENUE 611710 200 200 10365158 805 805 0 1491791 0 0 MISCELLANEOUS 900099 99869 99869 99869 16421622 10365158 0 100674 1285184 781357 132727 371100 5212653 3958612 819683 434358 227966 186594 31154 10218 987178 779021 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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.