The New 42Nd Street Inc

“A draft of form 990 is reviewed by the president, vp of finance and controller. Form 990 is provided to the executive committee, audit & finance committee, and full board prior to submission to the irs.”

“Conflicts of interest are disclosed annually by the members of the board of directors. These disclosures are evaluated by the audit and finance committee, which makes recommendations to the executive committee. The executive committee may ratify a recommendation or they may reject it, in which case the president or the chairman of the board may bring the matter to the full board of directors for their decision.”

“A compensation subcommittee of the executive committee hires an independent firm to perform analysis of the president's compensation package based on geographical and industry comparability data. The objective is to encourage tenure, motivate the achievement of short and long-term goals and provide a package comparable with industry standards. An analysis report of findings and recommendations is presented to the subcommittee, which has responsibility for negotiating and setting the proposed salary schedule for multi-year contract renewal and then recommending a package to the executive committee of the board of directors. The contract is reviewed by legal counsel.”

“AVAILABLE UPON REQUEST.”

“The new 42nd street, inc. Was established in 1990 by new york city and state 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 overall public goal of returning 42nd street to its former status as a lively cultural and entertainment destination, the new 42nd street, inc. Operates programming out of two buildings under its stewardship: the new victory theater and the new 42nd street studios. The new victory theater is new york city's premier theater for kids and families, which provides substantial education, youth development, and new work development programs to the community each year. The new 42nd street studios, comprises a state-of-the-art, 10-story rehearsal studio facility, as well as the 199-seat black box theater, the duke on 42nd street. The new 42nd street has strategically subleased its remaining properties to ensure the ongoing vibrancy of 42nd street's historic theaters.”