2022-10-19T12:17:40-05:00 2021-12-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2021-01-01 900884353 SHED NYC INC SHED 6468766904 545 WEST 30TH STREET NEW YORK NY 10001 PETER GEE CFO 6468766904 2022-10-15 1 PETER GEE 999009999 OMO-OSE JOSEPH-ERAMEH P02534927 2127589700 2022-10-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z THE SHED ALEXANDER M POOTS 545 WEST 30TH STREET NEW YORK NY 10001 55109661 0 X WWW.THESHED.ORG X 2012 NY THE SHED BRINGS TOGETHER ESTABLISHED AND EMERGING ARTISTS TO CREATE NEW WORK. SEE SCHEDULE O. THE SHED BRINGS TOGETHER ESTABLISHED AND EMERGING ARTISTS TO CREATE NEW WORK, ACROSS ALL DISCIPLINES, FOR ALL AUDIENCES. 39 36 719 38 1732213 0 100932172 45684079 136612 1082920 24369 97274 1177629 1525731 102270782 48390004 0 0 0 0 14371067 11438243 275659 235623 5147002 32131077 26815844 46777803 38489710 55492979 9900294 621442218 605118283 169756955 143126973 451685263 461991310 X THE SHED IS A NEW CULTURAL INSTITUTION OF AND FOR THE 21ST CENTURY. WE PRODUCE AND WELCOME INNOVATIVE ART AND IDEAS, ACROSS ALL FORMS OF CREATIVITY, TO BUILD A SHARED UNDERSTANDING OF OUR RAPIDLY CHANGING WORLD AND A MORE EQUITABLE SOCIETY. CONTINUED ON SCHEDULE O.IN OUR HIGHLY ADAPTABLE BUILDING ON MANHATTAN'S WEST SIDE, THE SHED BRINGS TOGETHER ESTABLISHED AND EMERGING ARTISTS TO CREATE NEW WORK IN FIELDS RANGING FROM POP TO CLASSICAL MUSIC, PAINTING TO DIGITAL MEDIA, THEATER TO LITERATURE, AND SCULPTURE TO DANCE. WE SEEK OPPORTUNITIES TOCOLLABORATE WITH CULTURAL PEERS AND COMMUNITY ORGANIZATIONS, WORK WITH LIKE-MINDED PARTNERS, AND PROVIDE UNIQUE SPACES FOR PRIVATE EVENTS. AS AN INDEPENDENT NONPROFIT THAT VALUES INVENTION, EQUITY, AND GENEROSITY, WE ARE COMMITTED TO ADVANCING ART FORMS, ADDRESSING THE URGENT ISSUES OF OUR TIME, AND MAKING OUR WORK IMPACTFUL, SUSTAINABLE, AND RELEVANT TO THE LOCAL COMMUNITY, THE CULTURAL SECTOR, NEW YORKCITY, AND BEYOND. 0 0 12926816 1020437 VISUAL ARTS PROGRAMMINGVISUAL ARTS PROGRAMMING CONSISTS OF A SERIES OF EXHIBITIONS FEATURING WORKS FROM A RANGE OF BOTH ESTABLISHED AND EARLY-CAREER ARTISTS. CONTINUED ON SCHEDULE O. 8531833 62483 LIVE PERFORMANCE PROGRAMMINGLIVE PERFORMANCE PROGRAMMING IS AN ANNUAL SERIES OF WORKS BY ESTABLISHED AND EMERGING ARTISTS ACROSS PERFORMING ARTS DISCIPLINES. DIVERSITY OF GENRE AND AUDIENCE EXPERIENCE GUIDES THE SHED'S ARTISTIC CHOICES, AS DOES ARTISTS' APPETITES FOR EXPERIMENTATION. CONTINUED ON SCHEDULE O. 4882064 0 CIVIC PROGRAMSBY CREATING SOCIALLY-ENGAGED WORK IN PARTNERSHIP WITH LOCAL COMMUNITIES, THE SHED'S CIVIC PROGRAMS DEVELOP NEW AVENUES TO ENGAGEMENT FOR ARTISTS AND AUDIENCES WHO HAVE NOT HISTORICALLY BEEN WELL SERVED BY LARGE MANHATTAN-BASED CULTURAL ORGANIZATIONS. CONTINUED ON SCHEDULE O. 26340713 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 173 0 1 719 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PETER GEE 6468766904 545 WEST 30TH STREET NEW YORK NY 10001 ALEXANDER POOTS ARTISTIC DIRECTOR & CEO 40.00 0.00 X X 663416 0 23289 DANIEL L DOCTOROFF CHAIR 15.00 0.00 X X 0 0 0 JONATHAN M TISCH VICE CHAIR 0.50 0.00 X X 0 0 0 HON ADRIENNE E ADAMS DIRECTOR 0.50 0.00 X 0 0 0 DEBBIE AUGUST DIRECTOR 0.50 0.00 X 0 0 0 HEATHER BAKER DIRECTOR 0.50 0.00 X 0 0 0 PETER A BOYCE II DIRECTOR 0.50 0.00 X 0 0 0 NEERAJ CHANDRA DIRECTOR 0.50 0.00 X 0 0 0 MISTY COPELAND DIRECTOR 0.50 0.00 X 0 0 0 HON LAURIE CUMBO DIRECTOR 0.50 0.00 X 0 0 0 ROBERTA DENNING DIRECTOR 0.50 0.00 X 0 0 0 ANDRES SANTO DOMINGO DIRECTOR 0.50 0.00 X 0 0 0 DAVID C DRUMMOND DIRECTOR 0.50 0.00 X 0 0 0 LEW FRANKFORT DIRECTOR 0.50 0.00 X 0 0 0 DEXTER G GOEI DIRECTOR 0.50 0.00 X 0 0 0 ROBERT GOLDSTEIN DIRECTOR 0.50 0.00 X 0 0 0 GLENDA G GRACE DIRECTOR 0.50 0.00 X 0 0 0 MARIA CATALINA SAIEH GUZMAN DIRECTOR 0.50 0.00 X 0 0 0 MIMI HAAS DIRECTOR 0.50 0.00 X 0 0 0 GARY HOBERMAN DIRECTOR 0.50 0.00 X 0 0 0 TODD KAHN DIRECTOR 0.50 0.00 X 0 0 0 MONISH KUMAR DIRECTOR 0.50 0.00 X 0 0 0 HON MARK LEVINE DIRECTOR 0.50 0.00 X 0 0 0 KATE D LEVIN DIRECTOR 0.50 0.00 X 0 0 0 CHRISTINA WEISS LURIE DIRECTOR 0.50 0.00 X 0 0 0 FRANK H MCCOURT JR DIRECTOR 0.50 0.00 X 0 0 0 MARIGAY MCKEE DIRECTOR 0.50 0.00 X 0 0 0 DARLA MOORE DIRECTOR 0.50 0.00 X 0 0 0 COLBY MUGRABI DIRECTOR 0.50 0.00 X 0 0 0 CLAUDIA RANKINE DIRECTOR 0.50 0.00 X 0 0 0 ANN SARNOFF DIRECTOR 0.50 0.00 X 0 0 0 DEAN SHAPIRO DIRECTOR 0.50 0.00 X 0 0 0 HARVEY J SPEVAK DIRECTOR 0.50 0.00 X 0 0 0 HON MARIA TORRES-SPRINGER DIRECTOR 0.50 0.00 X 0 0 0 JED WALENTAS DIRECTOR 0.50 0.00 X 0 0 0 FRED WILSON DIRECTOR 0.50 0.00 X 0 0 0 DEBORAH WINSHEL DIRECTOR 0.50 0.00 X 0 0 0 KENNETH P WONG DIRECTOR 0.50 0.00 X 0 0 0 DASHA ZHUKOVA DIRECTOR 0.50 0.00 X 0 0 0 MARYANN JORDAN PRESIDENT AND COO 40.00 0.00 X 352106 0 18523 ABDUL YOUNIS CHIEF EXECUTIVE PRODUCER 40.00 0.00 X 275930 0 12283 PETER GEE CHIEF FINANCIAL OFFICER 40.00 0.00 X 238235 0 35589 EZRA WIESNER CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 196881 0 47351 JEFFREY LEVINE CHIEF MARKETING & COMM OFFICER 40.00 0.00 X 182173 0 46166 GILBERT PEREZ CHIEF VISITOR EXPERIENCE OFFICER 40.00 0.00 X 183365 0 17237 TAMARA MCCAW CHIEF CIVIC PROGRAM OFFICER 40.00 0.00 X 177246 0 14116 ROBERT MOHLER CHIEF DEVELOPMENT OFFICER (BEG 5/21) 40.00 0.00 X 175789 0 1072 MEGHEDIA KHODAVERDIAN CHIEF BUS DEVELOP OFFICER (BEG 7/21) 40.00 0.00 X 157525 0 6875 EMMA ENDERBY CHIEF CURATOR 40.00 0.00 X 123210 0 11629 MARGARET HUNT CHIEF DEVELOPMENT OFFICER (END 5/21) 40.00 0.00 X 109848 0 14940 JOSEPH WITTMANN DIRECTOR OF FACILITIES 40.00 0.00 X 192724 0 43900 ROBERT CAROTENUTO DIRECTOR OF SECURITY 40.00 0.00 X 148532 0 17663 JOSH PHAGOO OPERATING ENGINEER 40.00 0.00 X 137375 0 3838 LAURA ASWAD PRODUCER 40.00 0.00 X 136367 0 829 JESSE HAMERMAN DIRECTOR OF EXHIBITIONS 40.00 0.00 X 130000 0 9321 3580722 0 324621 26 0 1 0 UNIVERSAL PROTECTION SERVICE PO BOX 828854 PHILADELPHIA PA 19182 SECURITY STAFFING 536171 SASHA GROUP LLC 10 HUDSON YARDS FL 25 NEW YORK NY 10001 MARKETING 380978 ERY SOUTH RESIDENTIAL TOWER LLC 30 HUDSON YARDS NEW YORK NY 10001 CONSTRUCTION 377327 CABLEVISION LIGHTPATH LLC PO BOX 360111 PHILADELPHIA PA 152516111 TELEPHONE SERVICES 161347 GLADSTONE GALLERY LLC 515 W 24TH ST NEW YORK NY 10011 PROGRAMMING 150000 10 162049 3963557 12077477 29480996 5045699 45684079 BOX OFFICE TICKET REV 711190 570853 570853 CO-COMMISSION REVENUE 711190 410000 410000 UNFINISHED LIVE 2021 711190 102067 102067 1082920 335 335 2762563 1030350 1732213 1732213 1732213 5142638 5045699 96939 96939 96939 115140 3963557 565250 -450110 -450110 84557 78358 6199 6199 FOOD & BEVERAGE 722511 162131 162131 CLEANING DEPOSITS 900099 50000 50000 STATE TAX REFUND 900099 12957 12957 12341 12341 237429 48390004 1082920 1732213 -109208 3084796 1732717 483135 868944 5549744 3801787 1518889 229068 1948835 1362005 496491 90339 854868 521530 246871 86467 158502 36226 122276 95320 95320 235623 235623 252467 50175 202292 692055 676333 15722 359581 214324 122772 22485 1135655 779232 179340 177083 3309538 2135649 689222 484667 83207 53572 28277 1358 2859966 1962373 451639 445954 13825422 9486347 2183278 2155797 1060645 727764 167495 165386 PRODUCTION EXPENSE 1982440 1937856 4138 40446 ARTIST & PERFORMING FEE 852685 851685 1000 DEVELOP. & SPEC. EVENTS 144432 9513 9206 125713 PROF. DEVELOPMENT 3929 1625 1354 950 38489710 26340713 7001995 5147002 16329933 15230568 70636023 55369702 15750 15750 78806 89886 523050 577554 569119963 36465159 533636079 532654804 222577 1180019 621442218 605118283 5452348 4182354 300000 882975 54600000 54500000 75445334 53774738 25000000 25000000 8959273 4786906 169756955 143126973 X 444685763 459459704 6999500 2531606 451685263 461991310 621442218 605118283 X 9900294 405753 X 0 1 X 1 1 1 X 87889064 74188371 90569567 100932172 45684079 399263253 87889064 74188371 90569567 100932172 45684079 399263253 146416154 252847099 1042 5795066 2121224 2762898 10680230 1058684 163547 237429 1459660 411403143 8483842 0.61460 0.60160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOOD AND BEVERAGE - 2019 AMOUNT: $ 1,018,022. 2020 AMOUNT: $ 71,684. 2021 AMOUNT: $ 162,131. STATE TAX REFUND - 2019 AMOUNT: $ 34,000. 2020 AMOUNT: $ 31,329. 2021 AMOUNT: $ 12,957. CORP CREDIT CARD CASHBACK - 2019 AMOUNT: $ 6,662. 2020 AMOUNT: $ 15,543. CLEANING DEPOSITS - 2021 AMOUNT: $ 50,000. OTHER - 2020 AMOUNT: $ 44,991. 2021 AMOUNT: $ 12,341. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 553006751 28697942 524308809 11740463 5698435 6042028 4372749 2068782 2303967 532654804 RETAINAGE PAYABLE 2757810 OTHER LIABILITIES 29096 PAYROLL PROTECTION PROGRAM LOAN PAYABLE 2000000 4786906 X 49895494 69387 405753 475140 49420354 -1030350 -1030350 48390004 39589447 69387 1030350 1099737 38489710 0 38489710 PART X, LINE 2: UNCERTAIN TAX POSITIONS SHED NYC, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL INCOME TAX. SHED NYC, INC. IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES. INCOME GENERATED FROM ACTIVITIES UNRELATED TO SHED NYC, INC.'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. DURING THE YEAR ENDED DECEMBER 31, 2021, THE SHED DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX. THE SHED RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 405,753. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES -1,030,350. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 1,030,350. EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES PROGRAM ADVISORY 768000 0 3 0 0 0 3 768000 0 768000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 1 WALNUT HILL MEDIA LLC 667 MADISON AVE NEW YORK NY 10065 FUNDRAISING COUNSEL 0 0 138600 -138600 PENNINGTON GRAY LLC 7 WINSTON FARM LANE FAR HILLS NJ 07931 FUNDRAISING COUNSEL 0 0 104174 -104174 242774 -242774 NJ NY GALA 4078697 3963557 115140 138305 103730 64937 258278 4078697 3963557 115140 138305 103730 64937 258278 565250 -450110 SCHEDULE G, PART I, LINE 2B PROFESSIONAL FUNDRAISERS NAME OF FUNDRAISER: WALNUT HILL MEDIA, LLC AMOUNT PAID TO (OR RETAINED BY) FUNDRAISER: $12,600 PER MONTH FLAT FEE, ARRANGEMENT PLUS ELIGIBLE EXPENSE REIMBURSEMENTS. THE INITIAL TERM FOR THE ARRANGEMENT COMMENCED ON APRIL 1, 2013 AND LASTED THROUGH DECEMBER 31, 2013. THE CONTRACT HAS BEEN AUTOMATICALLY RENEWED IN SIX MONTH INTERVALS SINCE 2013 AND WILL CONTINUE UNLESS EITHER SIDE GIVES WRITTEN TERMINATION NOTICE. NAME OF FUNDRAISER: PENNINGTON GRAY, LLC AMOUNT PAID TO (OR RETAINED BY) FUNDRAISER: $4,250 PER MONTH FLAT FEE. ARRANGEMENT PLUS ELIGIBLE EXPENSE REIMBURSEMENTS. X 0 1 X X 0 0 0 0 0 0 0 0 0 ALEXANDER POOTS ARTISTIC DIRECTOR & CEO 519416 0 0 0 144000 0 0 0 23289 0 686705 0 0 0 MARYANN JORDAN PRESIDENT AND COO 292106 0 0 0 60000 0 0 0 18523 0 370629 0 0 0 ABDUL YOUNIS CHIEF EXECUTIVE PRODUCER 208623 0 0 0 67307 0 0 0 12283 0 288213 0 0 0 PETER GEE CHIEF FINANCIAL OFFICER 238235 0 0 0 0 0 0 0 35589 0 273824 0 0 0 EZRA WIESNER CHIEF TECHNOLOGY OFFICER 196881 0 0 0 0 0 0 0 47351 0 244232 0 0 0 JOSEPH WITTMANN DIRECTOR OF FACILITIES 192724 0 0 0 0 0 0 0 43900 0 236624 0 0 0 JEFFREY LEVINE CHIEF MARKETING & COMM OFFICER 182173 0 0 0 0 0 0 0 46166 0 228339 0 0 0 GILBERT PEREZ CHIEF VISITOR EXPERIENCE OFFICER 183365 0 0 0 0 0 0 0 17237 0 200602 0 0 0 TAMARA MCCAW CHIEF CIVIC PROGRAM OFFICER 177246 0 0 0 0 0 0 0 14116 0 191362 0 0 0 ROBERT MOHLER CHIEF DEVELOPMENT OFFICER (BEG 5/21) 175789 0 0 0 0 0 0 0 1072 0 176861 0 0 0 ROBERT CAROTENUTO DIRECTOR OF SECURITY 148532 0 0 0 0 0 0 0 17663 0 166195 0 0 0 MEGHEDIA KHODAVERDIAN CHIEF BUS DEVELOP OFFICER (BEG 7/21) 157525 0 0 0 0 0 0 0 6875 0 164400 0 0 0 PART I, LINE 1A SCHEDULE J, PART I, LINES 1A AND 1B HOUSING ALLOWANCE IN 2021, THE SHED PROVIDED A HOUSING ALLOWANCE TO THE CHIEF EXECUTIVE OFFICER, PRESIDENT & CHIEF OPERATING OFFICER AND CHIEF EXECUTIVE PRODUCER PURSUANT TO THE TERMS UNDER THEIR RESPECTIVE EMPLOYMENT AGREEMENTS (WHICH WERE APPROVED BY THE BOARD). THESE AMOUNTS ARE INCLUDED IN THE OFFICERS' TAXABLE WAGES AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). STEPHEN M ROSS EX-DIRECTOR CONSTRUCTION LOAN X 45000000 45000000 0 1 1 DAN DOCTOROFF DIRECTOR WORKING OPERATING CAPITAL LOAN X 9500000 9500000 0 1 1 ABDUL YOUNIS CHIEF EXECUTIVE PRODUCER REFUNDABLE SECURITY DEPOSIT X 6000 6000 0 1 1 MARYANN JORDAN DIRECTOR REFUNDABLE SECURITY DEPOSIT X 9750 9750 0 1 1 54515750 UNFINISHED LIVE LLC 35% CONTROLLED ENTITY OF FRANK MCCOURT 102067 PROGRAM COLLABORATION 0 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: NAME OF PERSON: DANIEL DOCTOROFFRELATIONSHIP WITH ORGANIZATION: DIRECTORPURPOSE OF LOAN: WORKING OPERATING CAPITAL LOANNAME OF PERSON: MARYANN JORDANRELATIONSHIP WITH ORGANIZATION: PRESIDENT AND CHIEF OPERATING OFFICERPURPOSE OF LOAN: REFUNDABLE SECURITY DEPOSITNAME OF PERSON: STEPHEN M. ROSSRELATIONSHIP WITH ORGANIZATION: SUBSTANTIAL CONTRIBUTORPURPOSE OF LOAN: CONSTRUCTION LOANNAME OF PERSON: ABDUL YOUNISRELATIONSHIP WITH ORGANIZATION: CHIEF EXECUTIVE PRODUCERPURPOSE OF LOAN: REFUNDABLE SECURITY DEPOSIT X 4 5045699 GIFT VALUE 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF SEPARATE CONTRIBUTORS. FORM 990, PART III, LINE 4B (CONTINUED) LIVE PERFORMANCE PROGRAMMING *AN AUDIENCE WITH (APR 2-23, 2021, THE MCCOURT): AFTER A YEAR SPENT WITHOUT INDOOR PERFORMANCES, THE SHED WELCOMED BACK OUR AUDIENCES TO ENJOY A FIVE-PERFORMANCE SERIES FEATURING SINGER AND CELLIST KELSEY LU IN THIS IS A TEST ON APRIL 2; CONDUCTOR ESA-PEKKA SALONEN AND THE MUSICIANS OF THE NEW YORK PHILHARMONIC ON APRIL 14 AND 15; SOPRANO RENE FLEMING, BILL FRISELL, CHRISTIAN MCBRIDE, AND DAN TEPFER ON APRIL 21; COMEDIAN MICHELLE WOLF WITH SPECIAL GUESTS JARED FREID AND DJ CIPHA SOUNDS ON APRIL 22; AND COMEDIAN ZAINAB JOHNSON WITH ATHEER YACOUB ON APRIL 23. *THE SEARCH FOR SIGNS OF INTELLIGENT LIFE IN THE UNIVERSE (DEC 21, 2021 - FEB 6, 2022, THE GRIFFIN THEATER): THIS PLAY BY WRITER/DIRECTOR JANE WAGNER IS A ONE-WOMAN SHOW THAT EXAMINES AMERICAN SOCIETY, ART, HUMAN CONNECTIVITY AND THE FEMINIST MOVEMENT. REVISITED IN A NEW 90-MINUTE PRODUCTION, THIS COMEDIC AND QUICK-WITTED PLAY STARS CECILY STRONG (SATURDAY NIGHT LIVE, SCHMIGADOON!) IN HER NEW YORK THEATRICAL DEBUT AND IS DIRECTED BY TONY-NOMINATED LEIGH SILVERMAN (THE LIFESPAN OF A FACT, VIOLET). FORM 990, PART III, LINE 4A (CONTINUED) VISUAL ARTS PROGRAMMING *HOWARDENA PINDELL: ROPE/FIRE/WATER (OCT 16, 2020 - MAR 28, 2021): THIS SOLO EXHIBITION COMMISSIONED BY THE SHED WAS HOWARDENA PINDELL'S FIRST VIDEO IN TWENTY-FIVE YEARS AND A PROJECT UNREALIZED BY THE ARTIST SINCE THE 1970S. IT ALSO INCLUDED A PAIR OF LARGE-SCALE PAINTINGS RELATED TO GLOBAL ATROCITIES OF IMPERIALISM AND WHITE SUPREMACY, AS WELL AS SEVERAL OF HER SIGNATURE METICULOUSLY PRODUCED, LARGE-SCALE ABSTRACT PAINTINGS. *THE LOOKING GLASS (JUL 3, 2021 - AUG 29, 2021): PRESENTED IN PARTNERSHIP WITH ACUTE ART AND THE HIGH LINE, THE LOOKING GLASS WAS A FREE, OUTDOOR EXHIBITION OF AUGMENTED REALITY (AR) ARTWORKS VIEWABLE ON THE SHED'S PUBLIC PLAZA. NEW COMMISSIONS BY ARTISTS JULIE CURTISS, KAWS, AND PRECIOUS OKOYOMON WERE VIEWABLE AT ANY HOUR OF THE DAY, ALONGSIDE WORKS MAKING THEIR US DEBUT BY CAO FEI, OLAFUR ELIASSON, TOMS SARACENO, NINA CHANEL ABNEY, KOO JEONG A, BJARNE MELGAARD, DARREN BADER, AND ALICJA KWADE. *DRIFT: FRAGILE FUTURE ( SEP 29, 2021 - DEC 19, 2021): THIS INSTALLATION WAS SOUNDTRACKED BY ARTIST ANOHNI AND CREATED BY DRIFT. WHILE ACTIVATING THE SENSES WITH SOUND, MOVEMENT, AND FILM, THE INSTALLATION CALLED AUDIENCES TO IMAGINE POSITIVE, ALTERNATIVE SOLUTIONS TO THE PROBLEMS OUR PLANET FACES AND INSPIRE EMPATHY TOWARDS NONLIVING OBJECTS. PRESENTED IN COLLABORATION WITH SUPERBLUE, THE INSTALLATION COULD BE EXPERIENCED AS EITHER A GALLERY EXHIBITION OR A SURREAL, IMMERSIVE EXPERIENCE IN THE 17,000-SQUARE-FOOT MCCOURT SPACE. *PROJECT LIBERTY EXPERIENCE FEATURING REFIK ANADOL (SEP 23 - 25, 2021): DONE IN COLLABORATION WITH THE ARTIST REFIK ANADOL, THE PROJECT LIBERTY EXPERIENCE INVITES VIEWERS TO EXAMINE THEIR RELATIONSHIP TO THEIR DATA - WHO OWNS IT, WHO PROFITS, AND WHAT THE WORLD MIGHT LOOK LIKE IF EVERYONE OWNED AND CONTROLLED THEIR OWN DATA. THIS INSTALLATION WAS FREE AND OPEN TO THE PUBLIC, PRESENTED AS PART OF UNFINISHED LIVE AT THE SHED. *IAN CHENG: LIFE AFTER BOB (SEP 10, 2021 - DEC 19 2021): THIS INSTALLATION WAS CO-COMMISSIONED BY THE SHED, LUMA FOUNDATION, AND LIGHT ART SPACE (BERLIN). IAN CHENG'S LIFE AFTER BOB WAS AN EPISODIC ANIME SERIES THAT IMAGINED A FUTURE IN WHICH OUR MINDS ARE CO-INHABITED BY AI ENTITIES. WORKING WITH AN EXPANSIVE PRODUCTION TEAM, CHENG DEVELOPED THIS 48-MINUTE NARRATIVE ANIMATION USING TRADITIONAL ANIMATION STORYTELLING TECHNIQUES ALONGSIDE UNITY AND ITS SUITE OF REAL-TIME CINEMATIC TOOLS. THROUGH THIS INNOVATIVE APPROACH, LIFE AFTER BOB INCORPORATED REAL-TIME CHANGES UNIQUE TO EACH VIEWING. FORM 990, PART III, LINE 4C (CONTINUED) CIVIC PROGRAMS *UP CLOSE (ONGOING SINCE APRIL 19, 2020): FIRST CONCEIVED AS A RESPONSE TO THE PANDEMIC SHUTDOWN IN MARCH 2020, UP CLOSE IS A DIGITAL SERIES THAT INVITES PRIMARILY EMERGING ARTISTS AND CREATIVE THINKERS TO CONTRIBUTE NEW ARTWORKS AND DISCUSSIONS EXPLORING WHAT IT MEANS TO THINK ABOUT THE WORLD AND MAKE ART RIGHT NOW. IN 2021, THE SHED COMMISSIONED WORKS BY SALOME ASEGA AND KEENAN MACWILLIAM (HEY, MARY!), MADELINE HOLLANDER (52 FINAL BOWS), AND JULIA SOLOMONOFF (HAND). *OPEN CALL (JUNE 4, 2021 - AUGUST 1, 2021): LAUNCHED AS PART OF THE SHED'S INAUGURAL YEAR PROGRAM, OPEN CALL IS A LARGE-SCALE COMMISSIONING PROGRAM FOR EARLY-CAREER NYC-BASED ARTISTS. FOR ITS SECOND ITERATION, 27 ARTISTS OUT OF 1,500 PROPOSALS WERE SELECTED BY INTERDISCIPLINARY LEADERS AND PROFESSIONALS IN THEIR FIELDS, INCLUDING OTHER ARTISTS AND MEMBERS OF THE SHED'S STAFF, TO PRESENT WORK IN AN EXHIBITION AND PERFORMANCE SERIES IN THE SUMMERS OF 2021 AND 2022. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIPS BETWEEN BOARD MEMBERS KEN WONG IS COO/DIRECTOR OF INTERNATIONAL DEVELOPMENT FOR RELATED COMPANIES. DEAN SHAPIRO IS SVP INVESTMENTS/HEAD OF US DEVELOPMENT FOR OXFORD PROPERTIES GROUP. RELATED AND OXFORD ARE GENERAL PARTNERS IN THE HUDSON YARDS DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY REVIEW IMMEDIATELY UPON ELECTION TO THE BOARD, ALL DIRECTORS SHALL DISCLOSE ANY RELEVANT INTEREST WHICH MAY POSE CONFLICT OF INTEREST QUESTIONS, DISCLOSURE SHALL INCLUDE ANY INTEREST, FINANCIAL OR OTHERWISE, IN ANY CORPORATION, ORGANIZATION, OR PARTNERSHIP WHICH PROVIDES PROFESSIONAL OR OTHER SERVICES TO THE CORPORATION. WHEN ANY MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST, THE DIRECTOR WHO HAS AN INTEREST SHALL PROMPTLY AND FULLY DISCLOSE HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON THE MATTER. SUCH DISCLOSURE SHALL INCLUDE ANY RELEVANT AND MATERIAL FACTS KNOWN TO SUCH PERSON ABOUT THE CONTRACT OR TRANSACTION THAT MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE TO THE CORPORATION. BOARD MEMBERS ARE REQUIRED, ANNUALLY, TO SIGN AN AFFIDAVIT TO DISCLOSE WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW COMPENSATION FOR THE ARTISTIC DIRECTOR & CEO AND THE PRESIDENT & COO ARE REVIEWED AND DETERMINED ANNUALLY BY THE SHED'S INDEPENDENT BOARD OF DIRECTORS. THE MOST RECENT REVIEW FOR THE ARTISTIC DIRECTOR AND CEO OCCURED IN MARCH 2022. COMPENSATION FOR OTHER SENIOR MANAGEMENT POSITIONS BELOW THE EXECUTIVE LEVEL ARE REVIEWED AND DETERMINED BY THE CEO AND PRESIDENT. COMPENSATION REVIEW INCLUDES INPUT FROM INDEPENDENT SOURCES AND COMPARATIVE DATA FROM SIMILARLY SITUATED ORGANIZATIONS. THE APPROVAL PROCESS IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE ORGANIZATION MAKES ITS CERTIFICATE OF INCORPORATION, BYLAWS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS FOR REVIEWING THE ORGANIZATION'S DOCUMENTS SHOULD BE ADDRESSED TO THE ORGANIZATION IN CARE OF PETER GEE AS NOTED IN PART VI, SECTION C, LINE 20. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 405,753. CULTURE SHED LESSEE LLC 545 WEST 30TH STREET NEW YORK NY 10001 900884353 LEASING ORG DE SHED NYC INC