EIN 13-3584032

The New 42nd Street

IRS 501(c) type
501(c)(3)
Num. employees
349
Year formed
1988
Most recent tax filings
2023-06-01
Description
Nonprofit catalyzing performing arts to create opportunities and incubate works. Manages seven historic theaters on 42nd St. in NYC.
Total revenues
$23,576,562
2023
Total expenses
$21,044,696
2023
Total assets
$52,293,407
2023
Num. employees
349
2023

Program areas at The New 42nd Street

The New victory theater's first full-season of live performances since The covid-19 pandemic began opened on october 14, 2022, with audiences and staff thrilled to be back at The historic New victory theater. The 2022-23 New victory season featured nine productions from five countries, representing a wide range of cultural perspectives. The season included various artistic disciplines, including modern takes on classic theater pieces, percussion, circus, puppetry, pantomime, musical theater, and The return of theater made specifically for toddlers and babies. Several works engaged patrons in stories of hope, empowerment, and The importance of finding your voice, allowing students, kids, and families to discover The joyous experience and impact of The performing arts. (continued on schedule o)in total, The theater welcomed 40,180 kids and families into The historic New victory theater to 126 public shows in The 2022-23 season.in addition to offering a wonderful season of live shows, The New victory was thrilled to share The 2022-23 season digitally through recorded performances available to stream via The theater's website. As audiences slowly returned to live entertainment, our digital presentations allowed our work to remain accessible to those who could not visit The theater in-person. Five of The nine shows were available to households and education partners to stream, garnering just over 200 views from families as far away as singapore and australia. During The 2022-23 season, New 42 continued to center accessible performing arts programs for all, developing 11 New episodes of our popular online performing arts series, New victory arts break, shared with public audiences and classrooms for a total of 53,000 views. In The 2022-23 season, New victory education partnered with 138 schools from across New york city, providing 14,934 pre-k through 12th grade students and their chaperones with access to 29 weekday educational matinees held throughout The season at a discounted rate of $2 a ticket. In addition, The education program conducted 706 free, in-person classroom workshops led by two-member teams of New victory teaching artists, and a series of culturally-responsive, early childhood arts education resource guides to promote artistic inquiry and creativity within curriculum while providing teachers with professional development opportunities. Five of The nine live presentations were available for schools to stream from their classroom, providing opportunities for students unable to make The trip to visit our historic theater. In summer 2022, New victory dance welcomed audiences back for live presentations featuring eight talented artists and dance companies based in New york city. Each presentation was complete with interstitials led by New victory teaching artists that encouraged viewers to get up and move. New victory dance partnered with 40+ schools, summer camps, and other child education programs to share The beauty of dance with 739 students. During The 2022-23 season, The New 42 youth corps program served a total of 54 young New yorkers aged 16+ through 14,200 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 is an artist residency program supporting artists who identify as black, indigenous, people of color, in their creative process and professional development as they push The boundaries of what can be included in The canon of theater for young audiences. In fy23, New victory labworks supported a cohort of six artists excited to create art for children and family audiences. Artists received a substantial fee, rehearsal space, resources, dramaturgical feedback and professional development resources. The 2022-23 labworks cohort artists showcased an array of artistic disciplines, including musical theater, playwriting, puppetry and more. In its first full year, The bring your family to The New victory program, in partnership with The New york city housing authority ("nycha"), successfully offered 1,007 complimentary tickets New victory presentations to 228 distinct nycha households citywide. To expand engagement, we have worked with The high line and polo grounds to bring arts activities to public sites and have sent New victory education staff to select nycha housing sites to bring free, family-friendly arts activities to New yorkers right where they live and play.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 The administrative office spaces for New 42 and theater for young audiences ("tya/usa"). Referred to by The New york times as "broadway's secret laboratory", The studios building plays a vital role in The performing arts community, serving 14,000 artists annually from not-for-profit organizations and regional productions to commercial broadway, off-broadway, and touring productions. To date, The studios have housed 1000 nonprofit and commercial companies, including 820 broadway plays and musicals such as leopoldstadt, The piano lesson, into The woods and more. 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 as we slowly return to pre-pandemic levels of engagement to collectively build towards The revitalization of times square, New york city, and The performing arts industry.

Who funds The New 42nd Street

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Howard Gilman FoundationFoundation Grant - Productions$200,000
Bloomberg PhilanthropiesDigital Programs$175,000
The Pierre and Tana Matisse FoundationGeneral Support$150,000
...and 60 more grants received totalling $2,388,157

Personnel at The New 42nd Street

NameTitleCompensation
Russell GranetPresident and Chief Executive Officer$564,450
Lisa PostChief Operating Officer / Executive Vice President$261,547
Amber ShaversChief of Staff
Michele PagnottaVice President , Finance$192,850
Lauren FitzgeraldVice President , Marketing and Communications$124,893
...and 30 more key personnel

Financials for The New 42nd Street

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,792,672
Program services$16,587,322
Investment income and dividends$103,420
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$264
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$92,884
Total revenues$23,576,562

Form 990s for The New 42nd Street

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-11990View PDF
2021-062022-05-13990View PDF
2020-062021-05-25990View PDF
2019-062021-01-28990View PDF
...and 9 more Form 990s
Data update history
October 4, 2024
Updated personnel
Identified 17 new personnel
July 25, 2024
Updated personnel
Identified 3 new personnel
July 17, 2024
Received grants
Identified 13 new grant, including a grant for $109,000 from Marc and Diane Spilker Foundation
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 12, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsPerforming arts centersTheatersCharities
Issues
Arts, cultural, and humanities
Characteristics
LobbyingFundraising eventsReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
229 W 42nd St 10th Floor
New York, NY 10036
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
new42.org/ 
Phone
(646) 223-3000
IRS details
EIN
13-3584032
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A61: Performing Arts Centers
NAICS code, primary
711110: Theater Companies and Dinner Theaters
Parent/child status
Independent
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