THE NEW 42ND STREET INC Charity Report

Public IRS 990 nonprofit record

THE NEW 42ND STREET INC

EIN 13-3584032 · Arts, Culture & Humanities (A190)

What they do

THE NEW 42ND STREET, INC. (D/B/A NEW 42) is A LEADING PERFORMING ARTS NONPROFIT WHOSE MISSION is to MAKE EXTRAORDINARY PERFORMING ARTS A VITAL PART of EVERYONES LIFE FROM THE EARLIEST YEARS ONWARD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

69.79%of revenue went to mission work75.4% of expenses · Program services

6.37%of revenue went to fundraising6.9% of expenses

$92.52spent for every $100 of revenueRevenue covered expenses this year.

16.35%of revenue went to management and office costs17.7% of expenses

$2.51in assets for every $1 spent this yearSome assets cannot be spent right away.

30.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $673,756 for RUSSELL GRANET (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,622,530

Mission workProgram services$17,184,93169.79% of revenue75.4% of expenses

ManagementOffice and general costs$4,026,48516.35% of revenue17.7% of expenses

FundraisingAsking for donations$1,568,2746.37% of revenue6.9% of expenses

Revenue left after expensesReported annual surplus$1,842,8407.48% of revenueShown in gray on the chart

Total expenses$22,779,69092.52% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.4% mission · 17.7% management · 6.9% fundraisingTotal expenses: 92.52% of revenue

2023Expense mix: 76.9% mission · 16.6% management · 6.5% fundraisingTotal expenses: 83.33% of revenue

2022Expense mix: 77.9% mission · 15.1% management · 7.0% fundraisingTotal expenses: 89.26% of revenue

2021Expense mix: 77.8% mission · 15.3% management · 6.9% fundraisingTotal expenses: 80.30% of revenue

2020Expense mix: 75.4% mission · 15.2% management · 9.3% fundraisingTotal expenses: 86.68% of revenue

2019Expense mix: 82.1% mission · 11.9% management · 5.9% fundraisingTotal expenses: 108.26% of revenue

2018Expense mix: 86.3% mission · 7.5% management · 6.2% fundraisingTotal expenses: 105.64% of revenue

2017Expense mix: 87.5% mission · 6.3% management · 6.2% fundraisingTotal expenses: 98.62% of revenue

Money in and money out

Revenue$24,622,530

Expenses$22,779,690

Annual surplus $1,842,840 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,184,931 · 75.4% of expenses

Management and office costs$4,026,485 · 17.7% of expenses

Fundraising$1,568,274 · 6.9% of expenses

See all reported dollar amounts

Revenue$24,622,530

Expenses$22,779,690

Assets$57,288,808

Income$36,513,052

Contributions$7,536,412

Mission work (program services)$17,184,931

Fundraising$1,568,274

Management and general$4,026,485

Executive compensation (total)$1,508,095

Stocks and bonds$12,687,341

Accounting fees$54,500

Investing fees$39,959

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RUSSELL GRANETPRESIDENT & CEO · 40 hrs/week $673,756Base $593,358 · Other $80,398

MICHELE PAGNOTTAVICE PRESIDENT, FINANCE · 40 hrs/week $265,129Base $215,022 · Other $50,107

MARY E ROSEARTISTIC DIRECTOR · 40 hrs/week $265,083Base $237,533 · Other $27,550

WENDY M HUTTONVICE PRESIDENT, ADMINISTRATION · 40 hrs/week $219,366Base $196,059 · Other $23,307

LAUREN P FITZGERALDVP, MARKETING & COMMUNICATIONS · 40 hrs/week $218,622Base $186,932 · Other $31,690

VINCENT TAYLORDIR IT, CYBER SECURITY & INFRASTRUCTURE · 40 hrs/week $180,493Base $154,320 · Other $26,173

COURTNEY J BODDIEVP, EDUCATION & SCHOOL ENGAGEMENT · 40 hrs/week $180,307Base $156,357 · Other $23,950

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

RUSSELL GRANETPRESIDENT & CEO

MICHELE PAGNOTTAVICE PRESIDENT, FINANCE

MARY E ROSEARTISTIC DIRECTOR

WENDY M HUTTONVICE PRESIDENT, ADMINISTRATION

LAUREN P FITZGERALDVP, MARKETING & COMMUNICATIONS

VINCENT TAYLORDIR IT, CYBER SECURITY & INFRASTRUCTURE

COURTNEY J BODDIEVP, EDUCATION & SCHOOL ENGAGEMENT

SARAH LONGDIRECTOR

MARC A SPILKERDIRECTOR

MICHAEL SANCILIODIRECTOR

NEIL GUPTADIRECTOR

NICOLE WEISSDIRECTOR

SAMMY LOPEZDIRECTOR

LUCINDA ZILKHADIRECTOR

SHAHARA AHMAD-LLEWELLYNCO-VICE CHAIR

SHARON COPLAN HUROWITZDIRECTOR

STEFANIE KATZ ROTHMANSECRETARY

TIFFANY GARDNERDIRECTOR

VINNIE KUMARDIRECTOR

YEMI BENEDICT-VATELCO-VICE CHAIR

ISAAC MIZRAHIDIRECTOR

ANDREW SOMMERSTREASURER

ANN UNTERBERGDIRECTOR

BILL IRWINDIRECTOR

CHRISTINA ZAGARINODIRECTOR

ELIOT RUBENZAHLDIRECTOR

FIONA HOWE RUDINCHAIR

GREG LIPPMANNDIRECTOR

HENRY TISCHDIRECTOR

LYNNE BIGGARDIRECTOR

JI PARK KWAKDIRECTOR

JOHN LITHGOWDIRECTOR

KATHERINE PECKDIRECTOR

KELLY GALANISDIRECTOR

LAURA ODONOHUEDIRECTOR

LEIGH BISHOPDIRECTOR

LILI FABLEDIRECTOR

AMY JACOBSDIRECTOR

About this charity

Recognized since: January 1990
Location: 229 W 42ND ST 10TH FL, NEW YORK, NY 10036-7205
County: New York
In care of: RUSSELL GRANET
Primary officer: RUSSELL GRANET, PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailInfo@New42.org Phone(646) 223-3000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: LUTZ AND CARR CPAS LLP
NTEE classification: Arts, Culture & Humanities (A190)
IRS tax category: Other Grantmaking and Giving Services