2020-11-02T08:11:26-06:00 2019-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-01-01 900884353 SHED NYC INC % PETER GEE SHED 6468766904 545 WEST 30TH STREET NEW YORK NY 10001 PETER GEE CFO 6468766904 2020-10-30 true CHRISTINA ROSSETTI P01491094 2127589700 2020-10-30 199.207.253.96 13407320203075000000 2020-11-02 P 3334E7B7F03F731422ECC73C4D529CE40FFEDC8C 3334E7B7F03F731422ECC73C4D529CE40FFEDC8C 2019 2021-01-29 14:40:06Z THE SHED ALEXANDER M POOTS 545 WEST 30TH STREET NEW YORK NY 10001 107240126 false X WWW.THESHED.ORG X 2012 NY THE SHED COMMISSIONS ORIGINAL WORKS OF ART, ACROSS ALL DISCIPLINES, FOR ALL AUDIENCES. 24 18 1054 18 3088489 -143756 74188371 90569567 0 6672590 -2806 3180 0 3835961 74185565 101081298 0 0 0 0 7719221 20844150 431886 458492 9789415 7302873 38722918 15453980 60025560 58731585 41055738 527432376 625242260 172364747 229244655 355067629 395997605 X THE SHED COMMISSIONS ORIGINAL WORKS OF ART, ACROSS ALL DISCIPLINES, FOR ALL AUDIENCES. 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CONTINUED ON SCHEDULE O. 5261796 Civic Programs By creating socially-engaged work in partnership with local communities, The Sheds Civic Programs develop new avenues to engagement for artists and audiences who have not historically been well served by large Manhattan-based cultural organizations. 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THE INITIAL TERM FOR THE ARRANGEMENT COMMENCED ON APRIL 1, 2013 AND LASTED THROUGH DECEMBER 31, 2013. THE CONTRACT HAS BEEN AUTOMATICALLY RENEWED IN SIX MONTH INTERVALS SINCE 2013 AND WILL CONTINUE UNLESS EITHER SIDE GIVES WRITTEN TERMINATION NOTICE. NAME OF FUNDRAISER: SUSAN COURTEMANCHE ADDRESS OF FUNDRAISER: 40 POWDER HORN HILL ROAD, WILTON, CT 06897 AMOUNT PAID TO (OR RETAINED BY) FUNDRAISER: $15,000 PER MONTH FLAT FEE ARRANGEMENT PLUS ELIGIBLE EXPENSE REIMBURSEMENTS. NAME OF FUNDRAISER: PENNINGTON GRAY, LLC ADDRESS OF FUNDRAISER: 7 WINSTON FARM LANE, FAR HILLS, NJ 07931 AMOUNT PAID TO (OR RETAINED BY) FUNDRAISER: $5,000 PER MONTH FLAT FEE ARRANGEMENT PLUS ELIGIBLE EXPENSE REIMBURSEMENTS. 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FROM HIP HOP TO CLASSICAL MUSIC, PAINTING AND SCULPTURE TO LITERATURE, FILM TO THEATER AND DANCE, THE SHED BRINGS TOGETHER LEADING AND EMERGING ARTISTS AND THINKERS FROM ALL DISCIPLINES UNDER ONE ROOF. THE BUILDING, A REMARKABLE MOVABLE STRUCTURE DESIGNED BY DILLER SCOFIDIO + RENFRO, LEAD ARCHITECT, AND ROCKWELL GROUP, COLLABORATING ARCHITECT, PHYSICALLY TRANSFORMS TO SUPPORT ARTISTS' MOST AMBITIOUS IDEAS. COMMITTED TO NURTURING ARTISTIC INVENTION AND BRINGING CREATIVE EXPERIENCES TO THE BROADEST POSSIBLE AUDIENCES, THE SHED, LED BY ARTISTIC DIRECTOR AND CEO ALEX POOTS, IS A 21ST CENTURY SPACE OF AND FOR NEW YORK CITY. FORM 990, PART III, LINE 2 PROGRAM SERVICES NOT LISTED ON PRIOR FORM 990 THE SHED OPENED ITS INAUGURAL SEASON ON APRIL 5, 2019 AND PRESENTED ITS FIRST EVER PRODUCTION, SOUNDTRACK OF AMERICA, IN MCCOURT HALL. THIS WAS FOLLOWED ON APRIL 6, 2019 WITH A THEATER PERFORMANCE IN THE GRIFFIN THEATER AND VISUAL ART EXHIBITIONS IN THE SHEDS TWO GALLERIES. IN 2019, THE SHED PRESENTED 7 PERFORMING ART PRESENTATIONS, 5 VISUAL ART EXHIBITIONS AND CONTINUED ITS CIVIC PROGRAMMING WORK WITH OPEN CALL, FLEXNYC AND DIS OBEY ADDING LIVE PERFORMANCES TO OUR FREE AFTER SCHOOL PROGRAMS. FORM 990, PART III, LINE 4A (CONTINUED) LIVE PERFORMANCE PROGRAMMING IN OUR INAUGURAL SEASON, MORE THAN 115,000 PEOPLE EXPERIENCED EIGHT NEW PRODUCTIONS AT THE SHED, INCLUDING: - SOUNDTRACK OF AMERICA (APRIL 5-14, THE MCCOURT): CONCEIVED OF BY TURNER PRIZE- AND OSCAR-WINNER STEVE MCQUEEN, THIS FIVE-NIGHT CONCERT SERIES CELEBRATED THE IMPACT OF AFRICAN AMERICAN MUSIC ON CONTEMPORARY CULTURE IN PERFORMANCES BY A NEW GENERATION OF MUSICIANS, INCLUDING JON BATISTE, TANK AND THE BANGAS, BRAXTON COOK, SERPENTWITHFEET, ERYN ALLEN KANE, AND MANY MORE. - NORMA JEANE BAKER OF TROY (APRIL 6-MAY 19, THE GRIFFIN THEATER): ACTOR BEN WHISHAW AND SOPRANO RENE FLEMING EXPLORED THE LIVES AND MYTHS OF MARILYN MONROE AND HELEN OF TROY IN THIS PERFORMANCE PIECE BY POET AND SCHOLAR ANNE CARSON, STAGED BY KATIE MITCHELL. - REICH RICHTER PRT (APRIL 6-JUNE 2, LEVEL 2 GALLERY): RENOWNED PAINTER GERHARD RICHTER COLLABORATED WITH CELEBRATED COMPOSERS STEVE REICH AND ARVO PRT AND FILMMAKER CORINNA BELZ TO CREATE A NEW INSTALLATION OF WALLPAPER WORKS. - BJRK'S CORNUCOPIA (MAY 6-JUNE 1, THE MCCOURT): FOR A SOLD-OUT EIGHT-CONCERT ENGAGEMENT FEATURING SONGS FROM HER 2017 STUDIO ALBUM UTOPIA, THE INNOVATIVE MULTIDISCIPLINARY ARTIST BJRK LED A TEAM OF THEATER COLLABORATORS AND A CHOIR AND CAST OF MUSICIANS TO CREATE A MIX OF ACOUSTIC SOUND, DIGITAL TECHNOLOGY, AND HER SIGNATURE VISUALS. - DRAGON SPRING PHOENIX RISE (JUNE 22-JULY 27, THE MCCOURT): THIS KUNG FU MUSICAL WAS CO-CONCEIVED BY CHEN SHI-ZHENG AND KUNG FU PANDA'S JONATHAN AIBEL AND GLENN BERGER, WITH SONGS BY SIA AND CHOREOGRAPHY BY AKRAM KHAN. FAST-PACED KUNG FU DANCE SEQUENCES UNFOLDED IN FRONT OF, AROUND, AND ABOVE THE AUDIENCE IN AN ORIGINAL PRODUCTION DESIGNED SPECIFICALLY FOR THE SOARING, FLEXIBLE SPACE OF THE MCCOURT. - ARCA: MUTANT;FAITH (SEPTEMBER 25-29, THE GRIFFIN THEATER): ARTIST, SINGER, DJ, PERFORMER, AND EXPERIMENTAL MUSIC COMPOSER ARCA PRESENTED A NEW, FOUR-PART EXPERIMENTAL PERFORMANCE CYCLE THAT DEBUTED AN ARRAY OF NEW TECHNOLOGIES, DESIGNS, AND WORK MADE IN COLLABORATION WITH A DIVERSE CAST OF ARTISTS. - A QUIET EVENING OF DANCE (OCTOBER 11-25, THE GRIFFIN THEATER): GROUNDBREAKING CHOREOGRAPHER WILLIAM FORSYTHE PRESENTED A VIVID COMBINATION OF NEW AND EXISTING WORK, PERFORMED BY SEVEN OF HIS MOST TRUSTED COLLABORATORS. - REQUIEM (NOVEMBER 1-24, THE MCCOURT): IN THEIR NORTH AMERICAN DEBUT, ELECTRIFYING CONDUCTOR TEODOR CURRENTZIS AND THE 105-MEMBER ORCHESTRA AND 80-MEMBER CHORUS MUSICAETERNA TOOK THE STAGE IN THE MCCOURT TO PERFORM VERDI'S REQUIEM, ONE OF THE MOST VIRTUOSIC AND TRANSCENDENT WORKS IN THE CLASSICAL REPERTOIRE. FORM 990, PART III, LINE 4B (CONTINUED) VISUAL ARTS PROGRAMMING IN 2019, THE SHED HELD FIVE EXHIBITIONS OF NEW WORK CREATED BY 10 VISUAL ARTISTS: - REICH RICHTER PRT (APRIL 6-JUNE 2, LEVEL 2 GALLERY): RENOWNED PAINTER GERHARD RICHTER COLLABORATED WITH CELEBRATED COMPOSERS STEVE REICH AND ARVO PRT AND FILMMAKER CORINNA BELZ TO CREATE A NEW INSTALLATION OF WALLPAPER WORKS. - TRISHA DONNELLY (APRIL 6-MAY 19, LEVEL 4 GALLERY): CONCEPTUAL ARTIST TRISHA DONNELLY CREATED A SITE-SPECIFIC INSTALLATION USING TWO LARGE TREES THAT HAD RECENTLY BEEN REMOVED FROM PRIVATE PROPERTY IN CALIFORNIA. THE WALL STREET JOURNAL DESCRIBED DONNELLY'S WORK AS "STARTLING AND TINGED WITH TRAGIC BEAUTY." - Collision/Coalition (June 19August 25, Level 4 Gallery): Collision/Coalition explored the role of art in the face of political, social, and economic power. Featured artists were Tony Cokes, Oscar Murillo, and filmmakers Yanina Valdivieso and Vanessa Bergonzoli, who created a documentary about the artist Beatriz Gonzlez. - Agnes Denes: ABSOLUTES AND INTERMEDIATES (OCTOBER 9, 2019-MARCH 12, 2020): THIS COMPREHENSIVE SURVEY EXHIBITION - DESCRIBED AS "TAUTLY BEAUTIFUL" BY THE NEW YORK TIMES: BROUGHT TOGETHER OVER 150 WORKS, INCLUDING A NUMBER OF NEW COMMISSIONS, SPANNING AGNES DENE'S 50-YEAR CAREER. - Manual Override (November 13, 2019-January 12, 2020, The Griffin Theater): In an exhibition organized by Guest Curator Nora N. Khan, five artists - Morehshin Allahyari, Simon Fujiwara, Lynn Hershman Leeson, Sondra Perry, and Martine Syms - critiqued the social, cultural, and ethical issues embedded in emerging technological systems and infrastructures. FORM 990, PART III, LINE 4C (CONTINUED) CIVIC PROGRAMS IN 2019, CIVIC PROGRAMS INCLUDED: - OPEN CALL (MAY 30-AUGUST 25): FREE PERFORMANCES AND EXHIBITIONS DREW MORE THAN 36,000 PEOPLE AS PART OF OPEN CALL, THE SHED'S LARGE-SCALE COMMISSIONING PROGRAM FOR LOCAL, EARLY-CAREER ARTISTS. OPEN CALL ARTISTS DEBUTED THEIR WORK IN THREE GROUPS ACROSS THE SHED'S PREMIER SPACES: 22 VISUAL ARTISTS PRESENTED THEIR SCULPTURES, INSTALLATIONS, PAINTINGS, AND OTHER MULTIMEDIA WORKS IN THE SHED'S LEVEL 2 GALLERY; SEVEN ARTISTS PREMIERED THEIR WORKS IN THE GRIFFIN THEATER, AN INTIMATE BLACK BOX SPACE ARRANGED FOR AUDIENCES OF 250; AND 13 ARTISTS PERFORMED MUSIC- AND DANCE-CENTRIC WORKS ON THE SHED'S PLAZA THROUGHOUT WEEKENDS IN AUGUST. - FLEXNYC/MAZE: IN ITS THIRD PROGRAM YEAR, THE SHED'S DANCE RESIDENCY PROGRAM FOR YOUTH CONTINUED TO BE WILDLY POPULAR AMONGST COMMUNITIES, WITH ALMOST 600 STUDENTS ATTENDING WORKSHOPS ACROSS THE FIVE BOROUGHS. DANCE WORKSHOPS TOOK PLACE AT 20 PARTNER SITES RANGING FROM PUBLIC SCHOOLS, TO NEW YORK CITY HOUSING AUTHORITY COMMUNITY CENTERS, TO BEACON YOUTH PROGRAMS. THE PROGRAM CULMINATED IN THE JULY PREMIERE OF MAZE, A FULL-LENGTH FLEXN COMMISSION FEATURING FLEXNYC TEACHING ARTISTS AND STUDENTS. - DIS OBEY/POWERPLAY: THE SHED'S FREE WRITING, PERFORMANCE, AND CIVIC ENGAGEMENT PROGRAM FOR YOUNG ARTISTS SERVED NEARLY 100 HIGH SCHOOL STUDENTS IN 2019, GUIDING THEIR EXPLORATIONS OF PROTEST AND CREATIVE ACTION THROUGH WRITING, STORYTELLING, AND VISUAL ART IN TWICE-WEEKLY WORKSHOPS. DIS OBEY ALSO INSPIRED POWERPLAY, A SHED COMMISSION PERFORMED IN THE MCCOURT OVER TWO NIGHTS IN MAY, AND FEATURING AN INTERGENERATIONAL ROSTER OF NEW YORK CITY ARTISTS, INCLUDING THREE HIGH SCHOOL-AGED STUDENTS FROM THE PROGRAM WHO PERFORMED THEIR STORIES THROUGH HIP HOP, SPOKEN WORD, MUSIC, DANCE, AND MOVING IMAGES. FORM 990, PART III - PROGRAM SERVICE, LINE 4D CONSTRUCTION OF THE SHED THE SHED'S REMARKABLE MOVABLE BUILDING IS THE FUNCTIONAL SUPPORT FOR ITS PROGRAMMATIC VISION. LIKE THE INSTITUTION, THE BUILDING IS FLEXIBLE, RESPONSIVE, AND INTENDED TO PUSH BOUNDARIES. DESIGNED BY DILLER SCOFIDIO + RENFRO IN ASSOCIATION WITH ROCKWELL GROUP, THIS INNOVATIVE STRUCTURE WILL HOLD MULTIPLE WORLD-CLASS SPACES THAT CAN BE EASILY ADAPTED TO RESPOND TO THE MOST AMBITIOUS ARTIST AND ACCOMMODATE A WIDE RANGE OF AUDIENCES. IT IS EXACTLY WHAT THE NAME SUGGESTS: "AN OPEN-ENDED STRUCTURE FILLED WITH TOOLS," DESIGNED TO SERVE ARTISTS AND AUDIENCES IN IMPACTFUL, ORIGINAL WAYS. THE BUILDING WAS PLACED INTO SERVICE ON APRIL 5, 2019 FOR THE SHEDS OPENING TO THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIPS BETWEEN BOARD MEMBERS BOARD MEMBERS STEPHEN M. ROSS AND HARVEY J. SPEVAK HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS THE ORGANIZATION'S BYLAWS WERE AMENDED ON JANUARY 30, 2019. SIGNIFICANT CHANGES INCLUDED THE FOLLOWING: - MEMBERS: REPLACED THE PREVIOUS MEMBERSHIP PROVISION (WHICH PROVIDED THAT ALL DIRECTORS ARE ALSO MEMBERS) WITH A PROVISION ELIMINATING MEMBERS ALTOGETHER. - BOARD SIZE: CAPPED THE BOARD AT 35 VOTING DIRECTORS AND PROVIDED FOR FOUR NON-VOTING DIRECTORS WHO SERVE BY REASON OF THEIR OFFICE (I.E., EX OFFICIO) IN NYC GOVERNMENT. - BOARD CATEGORIES: DEFINED THE TWO CATEGORIES OF DIRECTORS: (1) THE VOTING DIRECTORS AND (2) THE NON-VOTING NYC DIRECTORS. - FOUNDING DIRECTORS: ALLOWED FOR THE BOARD TO DESIGNATE CERTAIN VOTING DIRECTORS AS "FOUNDING DIRECTORS". - STAGGERED TERMS: PROVIDED FOR ASSIGNING THE BOARD TO STAGGERED THREE- YEAR TERMS ("CLASSES") AND PROVIDED FOR INITIAL CLASS ASSIGNMENTS, IN ORDER TO INITIATE THE STAGGERED TERM SYSTEM. - TERM LIMIT: ESTABLISHED TERM LIMITS FOR VOTING DIRECTORS, PROVIDED FOR A MINIMUM ONE-YEAR ROTATION OFF THE BOARD BEFORE SERVICE CAN RESUME, AND ESTABLISHED AN EXEMPTION FROM TERM LIMITS FOR THOSE DESIGNATED BY THE BOARD AS FOUNDING DIRECTORS. - DEEMED RESIGNATION: PROVIDED THAT A DIRECTORS FAILURE TO ATTEND THREE CONSECUTIVE MEETINGS IS DEEMED RESIGNATION AT THE BOARD'S DISCRETION. - ANNUAL MEETING AND COMMITTEE APPOINTMENTS: CLARIFIED THAT THE ANNUAL MEETING OF THE BOARD MUST OCCUR BY JUNE 30 OF EACH YEAR AND COMMITTEES OF THE BOARD MUST BE APPOINTED BY THE BOARD. - MEETINGS BY PHONE AND ACTION BY WRITTEN CONSENT: UPDATED THE BY-LAWS TO INCLUDE MEETINGS BY VIDEOCONFERENCE AND CONSENTS VIA EMAIL. - BOARD COMPENSATION: DELETED PROVISION PERMITTING COMPENSATION OF DIRECTORS, BECAUSE IT IS CONTEMPLATED THAT VOTING DIRECTORS WILL BE VOLUNTEERS (OTHER THAN THE CEO DIRECTOR). - OFFICERS: CLARIFIED TITLES, ELECTION AND REMOVAL PROCESS, AND OFFICER DESCRIPTIONS; PROVIDED FOR CEO COMPENSATION TO BE SET EITHER BY THE BOARD OR THE EXECUTIVE COMMITTEE (SUBJECT TO THE RECUSAL OF THE CEO); AND PROVIDED FOR CHAIR AND CEO TO BE VOTING MEMBERS OF EXECUTIVE, FINANCE AND GOVERNANCE COMMITTEES; FOR THE CHAIR TO BE A VOTING MEMBER OF THE AUDIT COMMITTEE; AND FOR CHAIR AND CEO BE EX OFFICIO NON-VOTING MEMBERS OF ALL OTHER BOARD COMMITTEES. - COMMITTEES: DELINEATED THE FOLLOWING STANDING COMMITTEES OF THE BOARD: EXECUTIVE, FINANCE, AUDIT, GOVERNANCE, FACILITIES, AND PUBLIC ENGAGEMENT; ESTABLISHED AN EXECUTIVE COMMITTEE, WITH POWER OF THE BOARD BETWEEN BOARD MEETINGS, CONSISTING OF THE CHAIR AND SUCH OTHER VOTING DIRECTORS AS ARE APPOINTED BY THE BOARD; AND SIMPLIFIED AUDIT COMMITTEE PROVISIONS. - CONFLICTS OF INTEREST: THE POLICY IS NOW STAND-ALONE AND NOT INCLUDED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY REVIEW IMMEDIATELY UPON ELECTION TO THE BOARD, ALL DIRECTORS SHALL DISCLOSE ANY RELEVANT INTEREST WHICH MAY POSE CONFLICT OF INTEREST QUESTIONS, DISCLOSURE SHALL INCLUDE ANY INTEREST, FINANCIAL OR OTHERWISE, IN ANY CORPORATION, ORGANIZATION, OR PARTNERSHIP WHICH PROVIDES PROFESSIONAL OR OTHER SERVICES TO THE CORPORATION. WHEN ANY MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST, THE DIRECTOR WHO HAS AN INTEREST SHALL PROMPTLY AND FULLY DISCLOSE HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON THE MATTER. SUCH DISCLOSURE SHALL INCLUDE ANY RELEVANT AND MATERIAL FACTS KNOWN TO SUCH PERSON ABOUT THE CONTRACT OR TRANSACTION THAT MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE TO THE CORPORATION. BOARD MEMBERS ARE REQUIRED, ANNUALLY, TO SIGN AN AFFIDAVIT TO DISCLOSE WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW COMPENSATION FOR THE CEO & ARTISTIC DIRECTOR AND THE COO ARE REVIEWED AND DETERMINED ANNUALLY BY THE SHED'S INDEPENDENT BOARD OF DIRECTORS. COMPENSATION FOR OTHER SENIOR MANAGEMENT POSITIONS BELOW THE EXECUTIVE LEVEL ARE REVIEWED AND DETERMINED BY THE CEO AND COO. COMPENSATION REVIEW INCLUDES INPUT FROM INDEPENDENT SOURCES AND COMPARATIVE DATA FROM SIMILARLY SITUATED ORGANIZATIONS. THE APPROVAL PROCESS IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE ORGANIZATION MAKES ITS CERTIFICATE OF INCORPORATION, BYLAWS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS FOR REVIEWING THE ORGANIZATION'S DOCUMENTS SHOULD BE ADDRESSED TO THE ORGANIZATION IN CARE OF PETER GEE AS NOTED IN PART VI, SECTION C, LINE 20. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN FAIR VALUE OF INTEREST RATE SWAP ($125,762) CULTURE SHED LESSEE LLC 545 WEST 30TH STREET NEW YORK NY 10001 900884353 LEASING ORG DE SHED NYC INC