2018-05-14T14:02:07-05:00 2017-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2016-07-01 133584032 THE NEW 42ND STREET INC NEW4 6462233000 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 CORA CAHAN PRESIDENT 6462233000 2018-05-09 1 DONALD SHAEFITZ P00449034 2126972299 38.142.140.186 2018-05-09 17:02:21 ED P 7B20775B69BF4BDE3892C9DE05F670E3CF789805 92F1F5EA3B3027A7BC03EA797A0C5FF6C1E07BC1 2016 2021-01-29 14:40:06Z CORA CAHAN 229 WEST 42ND STREET 10TH FLOOR NEW YORK NY 10036 18005696 0 X WWW.NEW42.ORG X 1988 NY COMMITTED TO THE TRANSFORMATIONAL POWER OF THE ARTS, THE NEW 42ND STREET BUILDS ON THE FOUNDATION OF SEVEN HISTORIC THEATERS TO MAKE EXTRAORDINARY PERFORMING ARTS AND CULTURAL ENGAGEMENT PART OF EVERYONE'S LIFE. 27 26 406 28 3250 -59922 3084901 5504584 11422790 12294852 497 844 188095 163243 14696283 17963523 0 0 0 0 10445639 10801669 0 20000 1182096 7712453 7400482 18158092 18222151 -3461809 -258628 43875231 43987985 4614708 4986090 39260523 39001895 X SEE SCHEDULE O 0 0 15941968 12412719 IN ITS 21ST FULL SEASON, THE NEW VICTORY THEATER PRESENTED AN INTERNATIONAL AND CULTURALLY DIVERSE RANGE OF PRODUCTIONS FROM AUSTRALIA, CANADA, DENMARK, ENGLAND, FRANCE, IRELAND, ITALY, NORTHERN IRELAND, SPAIN, SWEDEN, TANZANIA AND THE UNITED STATES, REPRESENTING A VARIETY OF ARTISTIC GENRES. THE THEATER OFFERED 198 PUBLIC AND 99 SCHOOL PERFORMANCES OF CAPTIVATING WORK FOR YOUNG AUDIENCES THAT WERE ATTENDED BY 63,495 MEMBERS OF THE PUBLIC, AND 32,936 STUDENTS AND TEACHERS. REGULAR TICKET PRICES FOR PUBLIC SHOWS RANGED FROM $10 TO A MAXIMUM OF $55 FOR A SPECIAL HOLIDAY PRESENTATION, WHICH HELPED TO MAKE TICKETS AFFORDABLE FOR EVERYONE. TICKETS FOR STUDENTS PARTICIPATING IN THE NEW VICTORY THEATER'S EDUCATION PARTNERSHIP PROGRAM COST ONLY $2 EACH, AS THEY HAVE SINCE THE THEATER OPENED. THE PARTNERSHIP PROGRAM ALSO SENT 56 NEW VICTORY TEACHING ARTISTS INTO CLASSROOMS ACROSS NYC TO CONDUCT 1300 PRE- AND POST-PERFORMANCE WORKSHOPS AT NO COST TO KIDS, TEACHERS OR SCHOOLS, AND 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 2016, THE NEW VICTORY ALSO PRESENTED THE THIRD SEASON OF "VICTORY DANCE," A 3-WEEK PERFORMANCE SERIES FOR KIDS IN SUMMER SCHOOLS, SUBSIDIZED DAY CAMPS AND SOCIAL SERVICE PROGRAMS. FEATURING NINE PROMINENT NYC DANCE COMPANIES, THE SERIES INCLUDED NINE DAYTIME SHOWS THAT WERE FREE OF CHARGE FOR THE KIDS AND THEIR CHAPERONES, AS WELL AS THREE EVENING PERFORMANCES FOR THE PUBLIC AT A TICKET PRICE OF $10. THE SUMMER SCHOOLS, CAMPS AND PROGRAMS WERE ALSO OFFERED FREE PRE-PERFORMANCE WORKSHOPS GIVEN BY NEW VICTORY TEACHING ARTISTS, ALONG WITH VICTORY DANCE CURRICULUM GUIDES. FY 17 ALSO MARKED THE EIGHTH YEAR OF THE NEW VICTORY'S "BRING YOUR FAMILY" PROGRAM, IN WHICH STUDENTS IN SCHOOLS WITH TITLE 1 FUNDING OF 80% OR MORE ARE ABLE TO COME TO FREE WEEKEND PERFORMANCES AT THE THEATER, AND TO BRING FAMILY MEMBERS FOR ONLY $5 PER TICKET. THIS SEASON, 722 KIDS AND FAMILIES MEMBERS WERE ABLE TO ATTEND PERFORMANCES AT THE NEW VICTORY THROUGH THIS PROGRAM, MANY OF THEM NON-ENGLISH SPEAKERS AND FIRST-TIME THEATER GOERS. THE NEW VICTORY LABWORKS RESIDENCY PROGRAM, CELEBRATING ITS FIFTH YEAR IN FY 17, 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, SELECTED NYC-BASED ARTISTS RECEIVE REHEARSAL SPACE, SUPPORT AND FEEDBACK FROM THE NEW VICTORY, INCLUDING OPEN REHEARSALS FOR INVITED AUDIENCES OF NEW VICTORY MEMBER FAMILIES.FY 17 ALSO MARKED THE FOURTH YEAR (OF FIVE) OF NEW VICTORY SPARK ("SCHOOLS WITH PERFORMING ARTS REACH KIDS"). THIS PROGRAM SERVES NYC PUBLIC SCHOOLS IDENTIFIED AS "ARTS-DEPRIVED." IN FY 17, SPARK EXPANDED TO 26 CLASSES IN 6 SCHOOLS, ENGAGING 700 STUDENTS (GRADES 3-8). STUDENTS, TEACHERS, PARENTS AND ADMINISTRATORS AT THESE SCHOOLS HAVE BECOME REGULAR VISITORS TO THE NEW VICTORY AND ARE ENGAGING IN EXTENSIVE ARTS PROGRAMS AT THEIR SCHOOLS, ROOTED IN THE EXEMPLARY ARTISTIC WORK ON THE NEW VICTORY STAGE. FURTHERMORE, IN COLLABORATION WITH RESEARCH EXPERT WOLFBROWN, THE NEW VICTORY HAS DEVELOPED MEASUREMENT TOOLS AND IS COLLECTING DATA TO UNDERSTAND THE INTRINSIC IMPACT OF THIS DEEP LEVEL OF ARTS ENGAGEMENT ON THE PROGRAM PARTICIPANTS. CONTINUING ITS MISSION TO PROVIDE PAID EMPLOYMENT FOR NEW YORK CITY YOUTH, THE NEW VICTORY THEATER'S "USHER CORPS" PROGRAM - A THREE-YEAR ON-THE-JOB TRAINING PROGRAM - EMPLOYED 48 TEENS TO WORK IN THE THEATER, WHILE THE NEW 42ND STREET APPRENTICE PROGRAM PROVIDED TRAINING IN THEATER, OFFICE AND PRODUCTION SKILLS FOR 32 COLLEGE-AGE STUDENTS THROUGHOUT THE COURSE OF THE YEAR. THE TWO PROGRAMS TOGETHER PROVIDED OVER 26,000 HOURS OF PAID EMPLOYMENT TO NYC YOUTH IN FY 17. THE NEW 42ND STREET'S NOT-FOR-PROFIT NEW 42ND STREET STUDIOS, NOW IN ITS 17TH YEAR OF OPERATIONS, IS ADMINISTRATIVE HOME TO FIVE NOT-FOR-PROFIT CULTURAL ORGANIZATIONS, AND ANNUALLY PROVIDES YEAR-ROUND, STATE-OF-THE-ART REHEARSAL AND PERFORMANCE SPACE TO COUNTLESS PERFORMING ARTISTS. THIS 10-STORY BUILDING, COMPLETED IN THE FALL OF 2000, PLAYS A VITAL ROLE IN THE PERFORMING ARTS COMMUNITY. IN FY 17, 58 NOT-FOR-PROFIT DANCE, THEATER AND OPERA COMPANIES HELD REHEARSALS, AUDITIONS OR SHOWCASES IN THE NEW 42ND STREET STUDIOS AT HIGHLY SUBSIDIZED RENTAL RATES. WHILE THE PREPONDERANCE OF USAGE WAS BY NOT-FOR-PROFIT ORGANIZATIONS, THEY WERE JOINED BY MANY COMMERCIAL BROADWAY, OFF-BROADWAY AND TOURING PRODUCTIONS THAT PAID FULL MARKET RATES. IN ADDITION, THE DUKE ON 42ND STREET, THE BLACK BOX THEATER LOCATED ON THE 2ND FLOOR OF THE NEW 42ND STREET STUDIOS, WAS LIT WITH NINE NON-PROFIT THEATER AND DANCE COMPANIES OVER A 38-WEEK SEASON. THE THEATER WAS ALSO USED BY ARTISTS AS A REHEARSAL AND WORKSHOP SPACE. 15941968 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 0 0 1 0 0 0 0 0 0 0 0 1 73 0 1 406 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X KIM DOBBIE NEUER 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 J WALTER CORCORAN ASSISTANT TREASURER 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 LILI FABLE DIRECTOR 1.00 X 0 0 0 JENNIFER A GUNDLACH DIRECTOR (THROUGH 5/11/2017) 1.00 X 0 0 0 MARIAN S HEISKELL DIRECTOR 1.00 X 0 0 0 BILL IRWIN DIRECTOR 1.00 X 0 0 0 SARAH LANE DIRECTOR 1.00 X 0 0 0 MING CHO LEE DIRECTOR 1.00 X 0 0 0 GREG LIPPMANN DIRECTOR 1.00 X 0 0 0 SARAH LONG SOLOMON VICE CHAIR 1.00 X X 0 0 0 TERRENCE MCNALLY DIRECTOR 1.00 X 0 0 0 LAURA O'DONOHUE DIRECTOR 1.00 X 0 0 0 KATHERINE PECK DIRECTOR 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HEISKELL AND JENNIFER GUNDLACH ARE RELATED BY FAMILY. 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 5-YEAR 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.