THE NEW GROUP INC

EIN: 133613115 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$4,305,458
Total Expenses
$5,258,397
Total Assets
$2,022,941
Net Assets
$1,528,678
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
ADAM BERNSTEIN
Phone
2122443380
Tax Period
2023-09-01 to 2024-08-31

THE NEW GROUP INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

AN ARTIST-DRIVEN COMPANY WITH A COMMITMENT TO DEVELOP AND PRODUCE POWERFUL, CONTEMPORARY THEATER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,052,792
Program Service Revenue $2,193,204
Investment Income $12,681
Other Revenue $46,781
TOTAL REVENUE $4,305,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,451,294
Fundraising Expenses $359,226
Program Expenses $4,550,516
Other Expenses $2,807,103
TOTAL EXPENSES $5,258,397

Year-over-Year Comparison

2023 2022 Change
Revenue $4,305,458 $3,922,738 +0.1%
Expenses $5,258,397 $5,027,145 +0.0%
Net Income $-952,939 $-1,104,407 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
28
Employees
80
Volunteers
53

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$404,825
Total Directors
32
$404,825
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT ELLIOTT ARTISTIC DIRECTOR 40.00
Officer Director
$225,000 $6,250 $231,250
ADAM BERNSTEIN EXECUTIVE DIRECTOR 40.00
Officer Director
$172,443 $1,132 $173,575
DEREK MCLANE CHAIR 1.00
Officer Director
$0 $0 $0
ABBY MERRILL PRESIDENT 1.00
Officer Director
$0 $0 $0
KUMIKO YOSHII VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS BRADSHAW VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTINA KOPEC ROONEY TREASURER 1.00
Officer Director
$0 $0 $0
JOHN GREENWOOD SECRETARY 1.00
Officer Director
$0 $0 $0
PETER C ALKALAY BOARD MEMBER 1.00
Director
$0 $0 $0
SALMAN AL-RASHID BOARD MEMBER 1.00
Director
$0 $0 $0
STUART BINSTOCK BOARD MEMBER 1.00
Director
$0 $0 $0
ETHAN HAWKE BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN KOROVIN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN LATHROP BOARD MEMBER 1.00
Director
$0 $0 $0
DR DAVID MILCH BOARD MEMBER 1.00
Director
$0 $0 $0
ISAAC MIZRAHI BOARD MEMBER 1.00
Director
$0 $0 $0
EVANGELINE MORPHOS BOARD MEMBER 1.00
Director
$0 $0 $0
SERGE NIVELLE BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA NIXON BOARD MEMBER 1.00
Director
$0 $0 $0
MIMI O'DONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL OSTROW BOARD MEMBER 1.00
Director
$0 $0 $0
PRITI PATEL BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE PIWNICA BOARD MEMBER 1.00
Director
$0 $0 $0
LAWRENCE PLATKIN BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA QUELLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES RENFRO BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT ROSENBERG BOARD MEMBER 1.00
Director
$0 $0 $0
JANA SHEA BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN MARC SHERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA SLOAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHERRESE CLARKE SOARES BOARD MEMBER 1.00
Director
$0 $0 $0
ANITA WAXMAN BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,305,458 $5,258,397 $2,022,941 $-952,939
2023 $3,922,738 $5,027,145 $2,874,597 $-1,104,407
2022 $7,271,580 $5,470,465 $3,739,048 $1,801,115
2021 $2,360,908 $1,591,573 $3,779,548 $769,335
2020 $6,639,868 $6,465,943 $1,445,588 $173,925
2019 $7,918,840 $7,941,537 $1,672,393 $-22,697
2018 $7,513,219 $7,573,074 $1,498,076 $-59,855
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