Overview
What is Shed Nyc Inc?
Shed NYC Inc, also known as The Shed, is a New York-based nonprofit organization dedicated to bringing together established and emerging artists to create new, innovative works spanning various artistic disciplines. With a team of 1203 employees, The Shed's mission is to foster a shared understanding of the rapidly changing world and promote a more equitable society, showcasing diverse genres and providing experiences for all audiences. Their annual series, Live Performance Programming, features established and emerging artists, pushing artistic boundaries and catering to a wide audience.
Official website here: www.theshed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Shed NYC Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization boasts a high accountability score of 94%, with all board members being independent, which reflects a commitment to governance and oversight. The absence of any material diversion of assets and a robust audit and oversight committee further enhance its trustworthiness.
Financially, Shed NYC Inc excels with a program expense ratio of 68.48%, ensuring that a significant portion of its resources is directed toward its mission. The fundraising efficiency ratio is impressive at $0.09, showing effective utilization of funds raised. Additionally, the organization demonstrates strong financial health with a working capital ratio of 9.54 years, indicating ample resources to sustain its operations.
However, while the organization is performing well overall, it has minor areas for improvement, such as its program expense ratio, which, while good, could be higher. Nonetheless, Shed NYC Inc's transparent policies and financial practices underscore its dedication to responsible management and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Shed Nyc Inc legitimate?
Shed Nyc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shed Nyc 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: $3,562,939
Professional Fundraising Fees: $220,848
Other Salaries and Wages: $9,408,901
For more financial information, click here
Official website here: www.theshed.org
What is the mission statement of Shed Nyc Inc?
The Shed is a contemporary cultural institution that fosters innovation and creativity across various artistic disciplines. Its mission is to produce and showcase new work by both established and emerging artists, contributing to a collective understanding of the rapidly changing world and striving for a more equitable society. Through live performance programming, the Shed presents an annual series of works by artists from diverse genres, prioritizing audience experience and artists' willingness to experiment.
Official website here: www.theshed.org
Who is the CEO of Shed Nyc Inc?
Meredith Hodges Beg 1023 is the CEO of Shed Nyc Inc The CEO's salary of Shed Nyc Inc is $114,415 and their total compensation is $125,138.
Official website here: www.theshed.org
What is the revenue of Shed Nyc Inc?
Shed Nyc Inc's revenue in 2023 was $60,613,644.
Official website here: www.theshed.org
Who are the executives of Shed Nyc Inc and what are their salaries?
The average compensation at Shed Nyc Inc during 2023 was $8,891. There are 1459 employees and 321 volunteers at Shed Nyc Inc.
Here are 59 key members and their salaries (Shed Nyc Inc's CEO's salary is $114,415 and their total compensation is $125,138):
- Compensation: $114,415
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- Compensation: $567,376
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- Compensation: $345,304
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- Other: $34,372
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- Other: $35,751
- Compensation: $198,108
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- Compensation: $160,769
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- Other: $13,516
- Compensation: $172,573
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- Other: $4,265
- Compensation: $169,946
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- Other: $955
- Compensation: $151,574
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- Other: $20,722
- Compensation: $142,218
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- Other: $26,773
- Compensation: $140,802
- Related: $0
- Other: $7,266
Official website here: www.theshed.org
Where can I find the form 990 for Shed Nyc Inc?
Shed Nyc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theshed.org
Learn more at the official website: www.theshed.org
Mission Statement of Shed Nyc Inc
The Shed, a pioneering cultural institution, gathers both established and emerging artists together to generate new work, encompassing various artistic disciplines for diverse audiences. The Shed's mission is to produce and present groundbreaking art and ideas in an ever-evolving world, striving for a more equitable society. By fostering innovation across creative fields, this institution aims to foster a shared understanding of the world around us.
The Shed's programming in live performance is a cornerstone of its annual offerings. This series features established and up-and-coming artists from various performing arts genres. The Shed's artistic selections are informed by the diversity of genre and audience experience. Moreover, the artists' willingness to experiment is a driving force behind the institution's choices. Through this commitment to creativity, the Shed continues to challenge and inspire its audience.
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Impact
October, 2024
Shed NYC Inc significantly impacts the New York cultural landscape by fostering creative collaborations between both established and emerging artists. By producing innovative works across various disciplines in the performing arts, it enhances the diversity of artistic expression and promotes inclusivity within the arts community.
The organization emphasizes live performance programming, which showcases a spectrum of genres that appeal to a broad audience. This approach not only attracts a diverse crowd but also nurtures the artists’ desire for experimentation and exploration in their work. By serving as a platform for new ideas and creative expressions, Shed NYC Inc helps to shape a shared understanding of contemporary issues, reflecting the complexities of our rapidly changing world.
Moreover, its mission focuses on cultivating a more equitable society through art, highlighting the institution's commitment to social change and community engagement. Through its programming, Shed NYC Inc plays a critical role in enriching the cultural dialogue in New York and beyond, supporting artists and audiences alike in their pursuit of understanding and connection.
This information is meant to be a general summary of Shed Nyc 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 2023.
- Investment Income: $614
- Program Service Revenue: $5,843,126
- Gross Receipts: $66,496,020
Assets and Liabilities:
- Total Assets: $575,214,850
- Total Liabilities: $133,422,441
- Net Assets: $441,792,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CO-COMMISSION REVENUE
Revenue
$2,793,301
BOX OFFICE TICKET REV
Revenue
$2,267,805
EXHIBITION INCOME
Revenue
$782,020
Organization Details
Founding Year
2012
Phone
(646) 876-6904Principal Officer
Alexander M Poots
Main Address
545 WEST 30TH STREET, NEW YORK, NY, 10001
Website
www.theshed.orgNTEE Category
Code: A20 - Arts
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