2020-07-10T15:50:49-05:00 2019-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-07-01 133584032 THE NEW 42ND STREET INC NEW4 6462233000 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 RUSSELL GRANET PRESIDENT 6462233000 2020-06-28 1 DONALD SHAEFITZ P00449034 2126972299 38.142.140.186 2020-06-28 15:36:15 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D 9302FFB6CF1CC3889499E422F782799A8B0A3607 2018 2021-01-29 14:40:06Z RUSSELL GRANET 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 19668871 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. 26 25 384 27 2000 -64035 5566613 4388912 12785749 14913149 1386 4755 193123 176008 18546871 19482824 0 0 0 0 10905640 11698040 70000 60000 1278441 7316038 8823659 18291678 20581699 255193 -1098875 46018895 45945893 6761807 7787680 39257088 38158213 X SEE SCHEDULE O 0 0 17765569 15030481 IN 2018-19, THE NEW VICTORY THEATER'S 23RD FULL SEASON, THE THEATER PRESENTED AN INTERNATIONAL AND CULTURALLY DIVERSE RANGE OF PRODUCTIONS FROM AUSTRALIA, CANADA, ENGLAND, ETHIOPIA, FRANCE, IRELAND, KENYA, NORWAY, SOUTH KOREA AND THE UNITED STATES, REPRESENTING A VARIETY OF ARTISTIC GENRES. THE THEATER OFFERED 191 PUBLIC AND 96 SCHOOL PERFORMANCES OF CAPTIVATING WORK FOR YOUNG AUDIENCES THAT WERE ATTENDED BY 65,530 MEMBERS OF THE PUBLIC, AND 33,318 STUDENTS AND TEACHERS. SINGLE TICKET PRICES FOR PUBLIC SHOWS RANGED FROM $9 FOR THE THEATER'S MEMBERS, TO A MAXIMUM OF $55 FOR A SPECIAL HOLIDAY PRESENTATION. SCHOOLS PARTICIPATING IN NEW VICTORY EDUCATION PAID THE DEEPLY-SUBSIDIZED RATE OF $2 PER STUDENT TICKET, AS THEY HAVE SINCE THE THEATER OPENED. NEW VICTORY EDUCATION ALSO SENT 57 NEW VICTORY TEACHING ARTISTS INTO CLASSROOMS ACROSS NYC TO CONDUCT 1,266 PRE- AND POST-PERFORMANCE WORKSHOPS AT NO COST TO KIDS, TEACHERS, OR SCHOOLS. CLASSROOM TEACHERS PARTICIPATING IN THE PROGRAM ALSO RECEIVED FREE PROFESSIONAL DEVELOPMENT FROM NEW VICTORY STAFF AND TEACHING ARTISTS, AND ACCESS TO NEW VICTORY SCHOOL TOOL CURRICULUM RESOURCE GUIDES FOR EVERY PRODUCTION IN THE SEASON.IN JULY 2018, NEW VICTORY PRESENTED THE FIFTH SEASON OF "VICTORY DANCE," A MULTI-WEEK PERFORMANCE SERIES FOR KIDS IN SUMMER SCHOOLS, SUBSIDIZED DAY CAMPS AND SOCIAL SERVICE PROGRAMS. FEATURING 12 PROMINENT NYC DANCE COMPANIES, THE SERIES INCLUDED NINE DAYTIME SHOWS THAT WERE FREE OF CHARGE FOR THE 3,025 KIDS AND CHAPERONES WHO ATTENDED, AS WELL AS THREE EVENING PERFORMANCES FOR THE PUBLIC, FOR WHICH ALL SEATS WERE ONLY $10, WHICH WAS SEEN BY 1,505 KIDS AND ADULTS. THE 37 SUMMER SCHOOLS, CAMPS AND PROGRAM SITES WERE ALSO OFFERED 94 FREE PRE- AND POST-PERFORMANCE WORKSHOPS GIVEN BY NEW VICTORY TEACHING ARTISTS, ALONG WITH VICTORY DANCE CURRICULUM GUIDES.THE NEW VICTORY LABWORKS NEW WORK DEVELOPMENT PROGRAM, WHICH CELEBRATED ITS SEVENTH YEAR IN FY19, IS AN ARTISTIC PROGRAMMING INITIATIVE THAT WAS CREATED TO FOSTER THE DEVELOPMENT OF INNOVATIVE WORK FOR FAMILY AUDIENCES AND ADVOCATE FOR THE IMPORTANCE OF HIGH-QUALITY PERFORMING ARTS FOR YOUNG PEOPLE. EACH YEAR, THROUGH THIS PROGRAM, 10 NYC-BASED PERFORMING ARTS GROUPS OR ARTISTS RECEIVE REHEARSAL SPACE, A PROJECT STIPEND, GUIDANCE FROM NEW VICTORY ARTISTIC PROGRAMMING STAFF, AND FEEDBACK FROM NEW VICTORY MEMBER FAMILIES AND INDUSTRY PROFESSIONALS WHO ATTEND LABWORKS OPEN REHEARSALS. NEW VICTORY LABWORKS SUPPORTED 97 ARTISTS ACROSS 10 ARTISTIC TEAMS IN FY19.IN FY19, NEW VICTORY'S GROUNDBREAKING ARTS EDUCATION RESEARCH PROJECT, "SCHOOLS WITH THE PERFORMING ARTS REACH KIDS" (NEW VICTORY SPARK), MOVED FROM THE RESEARCH PHASE INTO ANALYSIS AND DISBURSEMENT OF INFORMATION. FOR FIVE YEARS, NEW VICTORY SPARK SERVED NYC PUBLIC SCHOOLS IDENTIFIED BY THE CITY'S DEPARTMENT OF EDUCATION AS "ARTS-DEPRIVED." AT ITS PEAK, SPARK SERVED 28 CLASSES IN SIX SCHOOLS, ENGAGING 700 STUDENTS IN GRADES 3-8 OVER AN ACADEMIC YEAR. IN CONJUNCTION WITH THESE ROBUST RESIDENCIES, NEW VICTORY CONDUCTED A LONGITUDINAL RESEARCH STUDY TO MEASURE THE INTRINSIC IMPACT OF ARTS ENGAGEMENT ON KIDS. DURING THE 2018-19 SEASON, NEW VICTORY EDUCATION STAFF BEGAN TO SHARE PRELIMINARY FINDINGS WITH OTHER ARTS EDUCATION PROVIDERS THROUGH CONFERENCES AND KEYNOTE SPEECHES.NEW 42'S YOUTH CORPS PROGRAM SERVED A COMBINED 97 YOUTH AGED 16+ THROUGH OVER 40,000 HOURS OF PAID EMPLOYMENT, JOB TRAINING AND MENTORSHIP DURING THE 2018-19 SEASON. THROUGH THE USHER CORPS, 50 YOUTH WERE EMPLOYED AS NEW VICTORY USHERS AND PARTICIPATED IN PAID PROFESSIONAL DEVELOPMENT WORKSHOPS. THROUGH THE COLLEGE CORPS, 25 CUNY ARTS STUDENTS BENEFITED FROM YEAR-ROUND, PART-TIME EMPLOYMENT, AS WELL AS ACADEMIC, FINANCIAL, AND PERSONAL SUPPORT. FELLOWS CORPS EMPLOYED THREE FORMER USHERS AND COLLEGE CORPS PARTICIPANTS THROUGH A YEAR OF CAREER-LAUNCHING EMPLOYMENT AND NETWORKING OPPORTUNITIES. THROUGH THE APPRENTICE CORPS, 19 COLLEGE AND GRADUATE STUDENTS WORKED IN DEPARTMENTS THROUGHOUT NEW 42, GAINING A FIRST-HAND GLIMPSE INTO THE OPERATIONS OF A LARGE CULTURAL NONPROFIT ORGANIZATION.THE NEW 42ND STREET STUDIOS, A 10-STORY BUILDING WHICH OPENED IN THE FALL OF 2000, COMPLETED ITS 19TH YEAR OF OPERATIONS. THE STUDIOS BUILDING PLAYS A VITAL ROLE IN THE PERFORMING ARTS COMMUNITY, AND SERVES AS THE ADMINISTRATIVE HOME TO FIVE NOT-FOR-PROFIT CULTURAL ORGANIZATIONS, AND ANNUALLY PROVIDES YEAR-ROUND, STATE-OF-THE-ART REHEARSAL AND PERFORMANCE SPACE TO APPROXIMATELY 14,000 ARTISTS FROM NOT-FOR-PROFIT ORGANIZATIONS, AND COMMERCIAL BROADWAY, OFF-BROADWAY AND TOURING PRODUCTIONS. IN ADDITION, THE DUKE ON 42ND STREET, THE BLACK BOX THEATER LOCATED ON THE 2ND FLOOR OF THE NEW 42ND STREET STUDIOS FEATURED FIVE SHOWS AND WAS RENTED BY FOUR NON-PROFIT THEATER COMPANIES IN FY19. 17765569 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 78 0 1 384 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X ELIZABETH HINES 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 VICE CHAIR 1.00 X X 0 0 0 SARAH LONG SOLOMON VICE CHAIR 1.00 X X 0 0 0 ANDREW SOMMERS TREASURER 1.00 X X 0 0 0 CHARLES SHORTER 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 MAURICE DUBOIS DIRECTOR 1.00 X 0 0 0 LILI FABLE DIRECTOR 1.00 X 0 0 0 MARIAN S HEISKELL DIRECTOR 1.00 X 0 0 0 SHARON COPLAN HUROWITZ DIRECTOR 1.00 X 0 0 0 BILL IRWIN DIRECTOR 1.00 X 0 0 0 AMY JACOBS DIRECTOR 1.00 X 0 0 0 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WAS ESTABLISHED IN 1990 BY NEW YORK CITY AND STATE AS A NON-PROFIT ORGANIZATION CHARGED WITH 99-YEAR RESPONSIBILITY FOR THE REDEVELOPMENT 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 THE NOT-FOR-PROFIT NEW VICTORY THEATER, NEW YORK CITY'S PROFESSIONAL THEATER FOR KIDS AND FAMILIES, PRESENTING A YEAR-ROUND SEASON OF THE HIGHEST QUALITY PERFORMING ARTS AT AFFORDABLE TICKET PRICES, PROVIDING MODEL ARTS EDUCATION PROGRAMS AND YOUTH EMPLOYMENT OPPORTUNITIES IN THE ARTS; THE NEW 42ND STREET STUDIOS, A STATE-OF-THE-ART, 10-STORY REHEARSAL STUDIO FACILITY BUILT TO SUPPORT PERFORMING ARTISTS IN THE CREATION OF THEIR WORK; AND THE DUKE ON 42ND STREET, A 199-SEAT THEATER LOCATED WITHIN THE NEW 42ND STREET STUDIOS BUILDING. 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.