Civic Intelligence

Woodshed Collective Inc.

EIN 27-4529022 • 501(c)3 • Brooklyn, NY

Pub. 78 Eligible990-N CoverageNTEE A60

Profile

To create a modern performing arts theater.

363 Henry St 3Brooklyn, NY 11201

www.woodshedcollective.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

6.40x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.92x

Higher debt load relative to revenue than 94% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-476%

Higher net margin than 3% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A60 • <$500k nonprofits • Source year 2024

Asset Growth

4th percentile

-97%

Faster asset growth than 4% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

100%

Faster revenue growth than 83% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$258

Down $8,571 (-97%) from 2023

Liabilities

Flat

$1,650

Flat from 2023

Net Assets

Down

-$1,392

Down $8,571 (-119%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin3rd percentile

Revenue

Up

$1,800

Up $900 (+100%) from 2023

Expenses

Down

$10,371

Down $5,231 (-34%) from 2023

Net Income

Up

-$8,571

Up $6,131 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0-$20KAssets 2014: $26,320Liabilities 2014: $2,964Net Assets 2014: $23,3562014Assets 2015: $31,224Liabilities 2015: $7,500Net Assets 2015: $23,7242015Assets 2016: $52,065Liabilities 2016: $7,500Net Assets 2016: $44,5652016Assets 2017: $31,145Liabilities 2017: $0Net Assets 2017: $31,1452017Assets 2018: $55,727Liabilities 2018: $518Net Assets 2018: $55,2092018Assets 2019: $63,509Liabilities 2019: $1,500Net Assets 2019: $62,0092019Assets 2020: $39,170Liabilities 2020: $2,600Net Assets 2020: $36,5702020Assets 2021: $27,077Liabilities 2021: $1,500Net Assets 2021: $25,5772021Assets 2022: $23,531Liabilities 2022: $1,650Net Assets 2022: $21,8812022Assets 2023: $8,829Liabilities 2023: $1,650Net Assets 2023: $7,1792023Assets 2024: $258Liabilities 2024: $1,650Net Assets 2024: -$1,3922024

Highlighted filing

2024

Assets$258
Liabilities$1,650
Net Assets-$1,392
Open 2024 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $51,593Expenses 2014: $40,676Net Income 2014: $10,9172014Revenue 2015: $111,393Expenses 2015: $111,025Net Income 2015: $3682015Revenue 2016: $100,617Expenses 2016: $79,776Net Income 2016: $20,8412016Revenue 2017: $106,075Expenses 2017: $119,495Net Income 2017: -$13,4202017Revenue 2018: $95,791Expenses 2018: $71,727Net Income 2018: $24,0642018Revenue 2019: $96,054Expenses 2019: $89,254Net Income 2019: $6,8002019Revenue 2020: $11,830Expenses 2020: $37,269Net Income 2020: -$25,4392020Revenue 2021: $5,560Expenses 2021: $16,553Net Income 2021: -$10,9932021Revenue 2022: $62,260Expenses 2022: $65,956Net Income 2022: -$3,6962022Revenue 2023: $900Expenses 2023: $15,602Net Income 2023: -$14,7022023Revenue 2024: $1,800Expenses 2024: $10,371Net Income 2024: -$8,5712024

Highlighted filing

2024

Revenue$1,800
Expenses$10,371
Net Income-$8,571
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258
Liabilities
$1,650
Net assets
-$1,392
Revenue
$1,800
Expenses
$10,371
Net income
-$8,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.01$0.02$0.10$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.01$0.16$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.22$0.62$0.66$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.26$0.06$0.17$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.37$0.12$0.37$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.02$0.62$0.96$0.89$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.96$0.72$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.06$1.19$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.08$0.45$1.01$0.80$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.24$1.11$1.11$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.52$0.41$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,800
Mission and Program Overview

Mission

To create a modern performing arts theater.

Program Services

DescriptionGrantsExpenses
Our administrative focus in 2024 was to continue to support our artistic team and work with our Board to explore new artistic projects. We worked with our leadership to continue to ensure the longer term growth of the company.Woodshed spent the year participating in the planning of a huge celebration of the work of Stephen Sondheim. The central idea is that throughout the 29/30 season, Lincoln Center would host the work of this singular artist, alongside an immersion into his working life. The centennial will kick off as a centerpiece of the Summer For The City festival (Camp Sondheim!), instigate a massive nationwide theater event on Mr. Sondheims actual birthday is in March 2030 in partnership with the Sondheim Foundation, and culminates as the theater season ends in Spring 2030. We anticipate many of the commissioned projects for the centennial will go on to have a life beyond the 29/30 season, creating rippling impact and presence. Woodshed is partnering on all the immersive aspects of this initiative.In 2024, we carefully managed our resources to support this work and keep the company alive amidst a challenging landscape of the arts. We streamlined all our public operations to focus on Artistic Development in line with this.-$7,401
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gideon FriedmanPresident-$0--
Gabriel EvansohnBoard Member-$0--
Pepper BinkleyBoard Member-$0--
Jim GlaubBoard Member-$0--
Les GutierrezBoard Member-$0--
Michael WalekBoard Member-$0--
Teddy BergmanTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Woodshed Collective Inc
EIN
27-4529022
Phone
6468244831
Address
363 Henry St 3, Brooklyn, NY 11201

Signing Officer

Name
Gideon Friedman
Title
President
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Mary G Sormeley CPA
Address
560 Day Ave, Ridgefield, NJ 07657
Preparer
Mary G Sormeley
Phone
2018328922
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $258”

Other Expenses.1002

“Office Expenses $55”

Other Expenses.1

“Storage $4958”

Other Expenses.2

“Bank charges $60”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1650 Accounts Payable and Accrued Expenses - Ending $1650”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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