Overview
What is The New Group Inc?
The New Group Inc, based in New York City, is a dynamic and artist-driven nonprofit organization dedicated to creating and showcasing contemporary theater. With a workforce of 284 individuals, they offer a blend of digital and live programming, including productions and educational initiatives. In FY22, they presented two live productions, digital productions, and free education programs. The organization's commitment to artistic development was evident in their world premiere of the musical "Black No More," which faced challenges due to the Omicron variant but still garnered critical acclaim and a sold-out run. Additionally, The New Group provided audio plays and web series, such as "I Need Space," and offered free theater education programs to NYC public high school students, resulting in 100% college acceptance for participating seniors. Their mission is to produce thought-provoking, culturally relevant theater that engages audiences and remains a reflection of the present time.
Official website here: www.thenewgroup.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%
The New Group Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an impressive score of 95% in this area, the organization demonstrates robust financial health and oversight practices. Its board is entirely independent, and it maintains transparent policies regarding conflicts of interest and whistleblowing, ensuring a high level of governance and accountability.
In addition to its financial strengths, The New Group Inc also shows a good commitment to culture and community, scoring 81% in this category. This indicates that the organization places value on equity strategies and is likely engaged in practices that promote diversity and inclusion within its operations. The agency’s program expense ratio is notably high at 84.44%, suggesting that a significant portion of its expenditures is directed towards its mission-related activities.
However, while the organization performs well overall, the working capital ratio is at 0.44 years, which may indicate potential liquidity challenges. As the nonprofit continues to leverage its strengths in governance and program delivery, addressing its working capital situation could enhance its sustainability and operational resilience in the long term.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The New Group Inc?
90% of 79 reviewers on Facebook recommend The New Group Inc. Here is a summary of their reviews:
Overall, audience perceptions of The New Group Inc are largely positive, with many expressing appreciation for the engaging and thought-provoking productions it offers. The nonprofit seems to have a strong reputation for presenting relevant and compelling theatrical works that resonate with the community.
While some reviews may not directly relate to the nonprofit's services or mission, the consistent theme across the feedback highlights a commitment to quality storytelling in the arts. This indicates that The New Group Inc effectively delivers an enjoyable and enriching experience for attendees.
This AI summary has been generated from reviews found on Facebook.
Is The New Group Inc legitimate?
The New Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $478,761
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,771,656
For more financial information, click here
Official website here: www.thenewgroup.org
What is the mission statement of The New Group Inc?
The New Group Inc is an artist-driven company with a commitment to developing and producing powerful, contemporary theater. They maintain a consistent ensemble approach to their work, combining it with an articulated style of emotional immediacy in their acting and productions. The organization strives for a theater that is adventurous, stimulating, and most importantly, reflective of the present culture. By continuously evolving, The New Group aims to provide a true forum for the current cultural landscape.
Official website here: www.thenewgroup.org
Who is the CEO of The New Group Inc?
Adam Bernstein is the Chair of The New Group Inc.
Official website here: www.thenewgroup.org
What is the revenue of The New Group Inc?
The New Group Inc's revenue in 2022 was $7,271,580.
Official website here: www.thenewgroup.org
Who are the executives of The New Group Inc and what are their salaries?
The average compensation at The New Group Inc during 2022 was $7,924. There are 284 employees and 29 volunteers at The New Group Inc.
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Official website here: www.thenewgroup.org
Where can I find the form 990 for The New Group Inc?
The New Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenewgroup.org
Learn more at the official website: www.thenewgroup.org
Mission Statement of The New Group Inc
The New Group Inc, an artist-driven company, is committed to developing and producing powerful, contemporary theater. Their mission is rooted in an ensemble approach, ensuring a collective effort in all their work. The company prides itself on maintaining a distinctive style of emotional immediacy, which is reflected in their acting and productions. This approach allows them to create a theater that is adventurous, stimulating, and most importantly, representative of the present culture. The New Group Inc strives to serve as a true forum for the current culture, constantly evolving while maintaining its core values.
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Impact
October, 2024
The New Group Inc significantly impacts the contemporary theater landscape by presenting powerful works that resonate with current societal themes and challenges. Their commitment to artistic development and production is evident in their ability to adapt and thrive even amidst the difficulties posed by the ongoing COVID-19 pandemic.
Notable productions such as Wallace Shawn's "The Fever" and the world premiere of "Black No More" exemplify The New Group's dedication to delivering relevant narratives. "Black No More," in particular, not only showcased a remarkable cast and creative team but also received critical acclaim, attracting over 11,000 attendees, highlighting the company's ability to cultivate large audiences for innovative theater.
In addition to live performances, The New Group has expanded its reach through digital programming. Their web series "I Need Space" and the audio plays "The Fever" and "Bernarda’s Daughters" have engaged audiences far beyond the traditional theater goers, reaching national communities and providing access to diverse stories.
The New Group also prioritizes education through free theater education programs aimed at underserved NYC public high school students. These initiatives, paired with a strong focus on personal storytelling, have yielded impressive results, with all participating seniors gaining acceptance to college—an extraordinary testament to the program's effectiveness.
Through its diverse offerings, The New Group fosters a vibrant cultural dialogue, ensuring that contemporary theater remains an adventurous, stimulating, and immediate reflection of today's society.
This information is meant to be a general summary of The New Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $566
- Program Service Revenue: $3,183,804
- Gross Receipts: $7,389,300
Assets and Liabilities:
- Total Assets: $3,739,048
- Total Liabilities: $153,024
- Net Assets: $3,586,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENHANCEMENT AND CO-PRO
Revenue
$2,340,000
TICKET SALES
Revenue
$678,804
WORKSHOP PRODUCTION FE
Revenue
$165,000
Organization Details
Founding Year
1991
Phone
(212) 244-3380Principal Officer
Adam Bernstein
Main Address
240 WEST 35TH STREET SUITE 1200, NEW YORK, NY, 10001
Website
www.thenewgroup.orgNTEE Category
Code: A650 - Arts
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