Nonprofit · EIN 13-3584032
NEW 42ND STREET INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,622,530 | $22,779,690 | $1,842,840 | $57,288,808 | $3,355,776 | $53,933,032 |
| June 30, 2024 | 990 | $28,033,671 | $23,361,695 | $4,671,976 | $57,751,397 | $5,841,052 | $51,910,345 |
| June 30, 2023 | 990 | $23,576,562 | $21,044,696 | $2,531,866 | $52,293,407 | $6,038,670 | $46,254,737 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,536,412
- of which government grants
- $3,109,814
- Program service revenue
- $16,234,242
- Investment income
- $800,485
- Net gain from sales of assets
- $321,596
- Other revenue
- $51,391
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $929,185
- Other salaries and wages
- $9,889,678
- Salaries, compensation and benefits (total)
- $13,695,852
- Professional fundraising fees
- $0
- Legal fees
- $272,188
- Accounting fees
- $54,500
- Occupancy
- $1,377,581
- Travel
- $82,263
- Depreciation
- $2,128,662
- Program services (functional)
- $17,184,931
- Management and general (functional)
- $4,026,485
- Fundraising (functional)
- $1,568,274
Balance sheet and other
- Total assets, start of year
- $57,751,397
- Total assets, end of year
- $57,288,808
- Total liabilities, end of year
- $3,355,776
- Net assets, end of year
- $53,933,032
- Land, buildings and equipment
- $29,187,984
- Publicly traded securities
- $12,687,341
- Net assets without donor restrictions
- $45,605,530
- Net assets with donor restrictions
- $8,327,502
- Gross receipts
- $36,513,052
- Employees
- 396
- Volunteers
- 32
- Year formed
- 1988
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL GRANET | PRESIDENT & CEO Trustee or director, Officer | 40 | $593,358 | $80,398 |
| MICHELE PAGNOTTA | VICE PRESIDENT, FINANCE Officer | 40 | $215,022 | $50,107 |
| MARY E ROSE | ARTISTIC DIRECTOR Highest-paid employee | 40 | $237,533 | $27,550 |
| WENDY M HUTTON | VICE PRESIDENT, ADMINISTRATION Highest-paid employee | 40 | $196,059 | $23,307 |
| LAUREN P FITZGERALD | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $186,932 | $31,690 |
| VINCENT TAYLOR | DIR IT, CYBER SECURITY & INFRASTRUCTURE Highest-paid employee | 40 | $154,320 | $26,173 |
| COURTNEY J BODDIE | VP, EDUCATION & SCHOOL ENGAGEMENT Highest-paid employee | 40 | $156,357 | $23,950 |
| FIONA HOWE RUDIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHAHARA AHMAD-LLEWELLYN | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| YEMI BENEDICT-VATEL | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEFANIE KATZ ROTHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SOMMERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LYNNE BIGGAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH BISHOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILI FABLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY GALANIS | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| NEIL GUPTA | DIRECTOR Trustee or director | 1 | $0 |
| SHARON COPLAN HUROWITZ | DIRECTOR Trustee or director | 1 | $0 |
| BILL IRWIN | DIRECTOR Trustee or director | 1 | $0 |
| AMY JACOBS | DIRECTOR Trustee or director | 1 | $0 |
| VINNIE KUMAR | DIRECTOR Trustee or director | 1 | $0 |
| JI PARK KWAK | DIRECTOR Trustee or director | 1 | $0 |
| GREG LIPPMANN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN LITHGOW | DIRECTOR Trustee or director | 1 | $0 |
| SARAH LONG | DIRECTOR Trustee or director | 1 | $0 |
| SAMMY LOPEZ | DIRECTOR Trustee or director | 1 | $0 |
| ISAAC MIZRAHI | DIRECTOR Trustee or director | 1 | $0 |
| LAURA O'DONOHUE | DIRECTOR Trustee or director | 1 | $0 |
| KATHERINE PECK | DIRECTOR Trustee or director | 1 | $0 |
| ELIOT RUBENZAHL | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SANCILIO | DIRECTOR Trustee or director | 1 | $0 |
| MARC A SPILKER | DIRECTOR Trustee or director | 1 | $0 |
| HENRY TISCH | DIRECTOR Trustee or director | 1 | $0 |
| ANN UNTERBERG | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE WEISS | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA ZAGARINO | DIRECTOR Trustee or director | 1 | $0 |
| LUCINDA ZILKHA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL GRANET | PRESIDENT & CEO Trustee or director, Officer | 40 | $574,836 | $78,292 |
| MARY E ROSE | ARTISTIC DIRECTOR Highest-paid employee | 40 | $231,988 | $25,066 |
| MICHELE PAGNOTTA | VICE PRESIDENT, FINANCE Officer | 40 | $203,178 | $31,992 |
| ELIZABETH A CASHOUR | VICE PRESIDENT, DEVELOPMENT Key employee | 40 | $211,650 | $22,813 |
| WENDY M HUTTON | VICE PRESIDENT, ADMINISTRATION Highest-paid employee | 40 | $190,755 | $21,769 |
| LAUREN P FITZGERALD | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $183,120 | $24,528 |
| LINDSEY BULLER MALIEKEL | VP, EDUCATION & PUBLIC ENGAGEMENT Highest-paid employee | 40 | $150,494 | $24,586 |
| COURTNEY J BODDIE | VP, EDUCATION & SCHOOL ENGAGEMENT Highest-paid employee | 40 | $153,732 | $21,292 |
| CORA CAHAN | FORMER PRESIDENT Former | 0 | $108,912 | $0 |
| FIONA HOWE RUDIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHAHARA AHMAN-LLEWELLYN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARC A SPILKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIFFANY GARDNER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEFANIE KATZ ROTHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SOMMERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| YEMI BENEDICT-VATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNNE BIGGAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH BISHOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILI FABLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY GALANIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEIL GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON COPLAN HUROWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL IRWIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VINNIE KUMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JI PARK KWAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG LIPPMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LITHGOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH LONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMMY LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISAAC MIZRAHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA O'DONOHUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE PECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIOT RUBENZAHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY TISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN UNTERBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA ZAGARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCINDA ZILKHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL GRANET | PRESIDENT Trustee or director, Officer | 40 | $564,450 | $35,123 |
| LISA POST | CHIEF OPERATING OFFICER (THROUGH 10/8/22) Officer | 40 | $261,547 | $20,687 |
| MARY ROSE | DIRECTOR OF ARTISTIC PROGRAMMING Highest-paid employee | 40 | $227,670 | $16,777 |
| ELIZABETH CASHOUR | VICE PRESIDENT,DEVELOPMENT Key employee | 40 | $202,296 | $15,531 |
| CORA CAHAN | FORMER PRESIDENT Former | 40 | $196,021 | $0 |
| MICHELE PAGNOTTA | VICE PRESIDENT, FINANCE Officer | 40 | $192,850 | $2,466 |
| LINDSEY BULLER MALIEKEL | VP OF EDUCATION & PUBLIC ENGAGEMENT Highest-paid employee | 40 | $151,545 | $18,153 |
| COURTNEY BODDIE | VP OF EDUCATION & SCHOOL ENGAGEMENT Highest-paid employee | 40 | $151,528 | $18,152 |
| TAYLOR VINCENT | DIR IT,CYBER SEC. & INFRASTRUCTURE Highest-paid employee | 40 | $144,538 | $19,197 |
| LAUREN FITZGERALD | VP OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $124,893 | $12,473 |
| FIONA HOWE RUDIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHAHARA AHMAD-LLEWELLYN | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARC A SPILKER | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIFFANY GARDNER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SOMMERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEFANIE KATZ ROTHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| YEMI BENEDICT-VATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERMAN A BERLINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNNE BIGGAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILI FABLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEIL GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON COPLAN HUROWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL IRWIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG LIPPMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LITHGOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMMY LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISAAC MIZRAHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA O'DONOHUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE PECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIOT RUBENZAHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH BISHOP TAUB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY TISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN UNTERBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE ZAGARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCINDA ZILKHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 229 W 42ND ST 10TH FL, NEW YORK, NY 10036-7205
- Principal officer (990 for 2024)
- RUSSELL GRANET, 229 WEST 42ND STREET 10TH FLOOR, NEW YORK, NY 10036
- Signed the 990
- RUSSELL GRANET, PRESIDENT
- Phone
- (646) 223-3000
- Website
- WWW.NEW42.ORG
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- THE NEW 42ND STREET, INC. (D/B/A NEW 42) WAS ESTABLISHED IN 1990 BY THE CITY AND STATE OF NEW YORK AS A NON-PROFIT ORGANIZATION AND WAS ENTRUSTED WITH 99-YEAR LEASES OF SEVEN HISTORIC THEATERS AND TWO INFILL PROPERTIES ON 42ND STREET BETWEEN 7TH AND 8TH AVENUES IN NEW YORK CITY. GUIDED BY THE PUBLIC GOAL OF RETURNING 42ND STREET TO ITS FORMER STATUS AS A LIVELY CULTURAL AND ENTERTAINMENT DESTINATION, NEW 42 OPERATES PROGRAMMING OUT OF TWO BUILDINGS UNDER ITS STEWARDSHIP: NEW VICTORY THEATER AND NEW 42 STUDIOS. NEW 42 HAS STRATEGICALLY SUBLEASED ITS REMAINING PROPERTIES TO GENERATE EARNED INCOME AND ENSURE THE ONGOING VIBRANCY OF 42ND STREET. IN OUR 2024-25 SEASON, NEW 42 MADE (CONTINUED ON SCHEDULE O) EXTRAORDINARY PERFORMING ARTS EXPERIENCES POSSIBLE FOR OVER 91,000 KIDS, FAMILIES AND ARTISTS. THROUGH OUR COMMITMENT TO ENSURE ACCESS FOR ALL, NEW VICTORY THEATER PROVIDED FREE TICKETS FOR FAMILIES RESIDING IN NEW YORK CITY HOUSING AUTHORITY (NYCHA) SITES, $2 TICKETS TO STUDENTS AS THE LARGEST PROVIDER OF LIVE PERFORMING ARTS FOR NEW YORK CITY PUBLIC SCHOOLS, AND TICKETS AVERAGING UNDER $35 FOR ALL FAMILIES DUE TO FUNDER SUBSIDIES THAT ENABLE LOW TICKET PRICES. NEW 42 STUDIOS PROVIDED REHEARSAL SPACE FOR 134 BROADWAY, OFF-BROADWAY, REGIONAL AND TOURING COMPANIES, AND THE DUKE ON 42ND STREET WELCOMED OVER 19,000 PATRONS. NEW 42 WAS RECOGNIZED FOR ITS BROAD COMMUNITY IMPACT WITH THE 2025 TONY HONOR FOR EXCELLENCE IN THE THEATRE.NEW VICTORY THEATER: THE SUMMER NEW VICTORY DANCE FESTIVAL KICKED OFF THE YEAR, SHOWCASING NINE NEW YORK-BASED DANCE COMPANIES AND ARTISTS WHO SHARED THE POWER OF DANCE WITH AUDIENCES OF ALL AGES. THE NEW VICTORY SEASON THEN PRESENTED NINE WORKS FROM FOUR COUNTRIES THAT INCLUDED SIX NEW YORK OR INTERNATIONAL PREMIERES AND INTRODUCED PUBLIC AND STUDENT AUDIENCES TO THRILLING ACROBATICS, DANCE THEATER, SHADOW PUPPETRY, FOLKLORE AND MORE. EACH PRODUCTION WAS ACCOMPANIED BY PRE- AND POST-SHOW ACTIVITIES LED BY NEW VICTORY TEACHING ARTISTS WHO ENGAGED KIDS IN ART-MAKING AND COMMUNITY-BUILDING.NEW VICTORY EDUCATION: IN THE 2024-25 SEASON, 141 PARTNER SCHOOLS FROM ACROSS ALL FIVE NEW YORK CITY BOROUGHS ENJOYED THE FULL SEASON OF BREATHTAKING PERFORMANCES THROUGH STUDENT MATINEES OFFERED BY THE NEW VICTORY THEATER FOR THE SUBSIDIZED PRICE OF $2 PER TICKET - A PRICE THAT HASN'T CHANGED SINCE THE THEATER OPENED IN 1995. CLASSROOM WORKSHOPS LED BY NEW VICTORY TEACHING ARTISTS, AND A SERIES OF EARLY CHILDHOOD ARTS EDUCATION RESOURCE GUIDES, PROMOTED ARTISTIC INQUIRY AND CREATIVITY WITHIN SCHOOL CURRICULA AND PROVIDED TEACHERS WITH PROFESSIONAL DEVELOPMENT OPPORTUNITIES. NEW 42 YOUTH CORPS: NYC'S FIRST AND LARGEST THEATER EMPLOYMENT AND SKILLS-BUILDING PROGRAM FOR YOUTH, THE YOUTH CORPS PROVIDES TARGETED, PERSONALIZED SUPPORT SYSTEMS FOR YOUNG PEOPLE AS THEY TRANSITION FROM HIGH SCHOOL THROUGH COLLEGE AND INTO THEIR CHOSEN CAREERS IN AND BEYOND THE ARTS SECTOR. THROUGH PAID PART-TIME EMPLOYMENT, LIFE/JOB SKILLS TRAINING, COLLEGE MATRICULATION AND GRADUATION ASSISTANCE, AND DIRECT MENTORSHIP WITH ARTS PROFESSIONALS, YOUTH CORPS IN 2024-25 SUPPORTED 63 YOUNG NEW YORKERS, AGES 16-24, AS THEY BEGAN TO NAVIGATE THE CHALLENGES FACED DURING THE OFTEN DIFFICULT TRANSITION INTO ADULTHOOD.Expenses $17,184,931 · revenue $16,234,242
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3584032
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A190)
- Assets (IRS master file)
- $57,288,808
- Income (IRS master file)
- $36,513,052
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,622,530 | $22,779,690 | $57,288,808 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $28,033,671 | $23,361,695 | $57,751,397 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $23,576,562 | $21,044,696 | $52,293,407 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $24,084,587 | $19,341,066 | $49,391,490 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3584032).
Questions about NEW 42ND STREET INC
- What is the EIN of NEW 42ND STREET INC?
- The employer identification number (EIN) of NEW 42ND STREET INC is 13-3584032.
- Is NEW 42ND STREET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to NEW 42ND STREET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW 42ND STREET INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW 42ND STREET INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW 42ND STREET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW 42ND STREET INC?
- The 990 for the year ended June 30, 2025 names RUSSELL GRANET.
- Who are the officers and directors of NEW 42ND STREET INC?
- The 990 for the year ended June 30, 2025 lists 38 people; 7 received compensation from the organization, the highest $593,358 (RUSSELL GRANET, PRESIDENT & CEO).
- How much revenue does NEW 42ND STREET INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,622,530, expenses of $22,779,690 and total assets of $57,288,808 at year end.
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