SHED NYC INC

EIN: 900884353 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$60,613,644
Total Expenses
$45,014,718
Total Assets
$549,675,355
Net Assets
$457,739,694
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
MEREDITH HODGES
Phone
6468766904
Tax Period
2023-01-01 to 2023-12-31

SHED NYC INC, founded in 2012, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $60.6M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.6M, a strong 26% operating margin.

Mission

WE PRODUCE AND WELCOME INNOVATIVE ART AND IDEAS, ACROSS ALL FORMS OF CREATIVITY, SEE SCH O.

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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 $48,078,520
Program Service Revenue $5,843,126
Investment Income $-13,545
Other Revenue $6,705,543
TOTAL REVENUE $60,613,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,933,647
Fundraising Expenses $3,377,179
Program Expenses $33,907,933
Other Expenses $26,860,223
TOTAL EXPENSES $45,014,718

Year-over-Year Comparison

2023 2022 Change
Revenue $60,613,644 $28,897,150 +1.1%
Expenses $45,014,718 $49,096,051 -0.1%
Net Income $15,598,926 $-20,198,901 -1.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
37
Independent Members
35
Employees
1459
Volunteers
321

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
14
$3,195,670
Total Directors
41
$125,138
Key Employees
2
$367,270
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEREDITH HODGES BEG 1023 CEO 40.00
Officer Director
$114,415 $10,723 $125,138
DEBBIE AUGUST END 0623 DIRECTOR 0.50
Director
$0 $0 $0
HEATHER BAKER DIRECTOR 0.50
Director
$0 $0 $0
RITU BANGA BEG 0723 DIRECTOR 0.50
Director
$0 $0 $0
PETER A BOYCE II DIRECTOR 0.50
Director
$0 $0 $0
NEERAJ CHANDRA DIRECTOR 0.50
Director
$0 $0 $0
MISTY COPELAND DIRECTOR 0.50
Director
$0 $0 $0
ROBERTA DENNING DIRECTOR 0.50
Director
$0 $0 $0
DANIEL L DOCTOROFF FOUNDING CHAIR 0.50
Officer Director
$0 $0 $0
DAVID DRAHI BEG 1023 DIRECTOR 0.50
Director
$0 $0 $0
LEW FRANKFORT DIRECTOR 0.50
Director
$0 $0 $0
DEXTER G GOEI END 0323 DIRECTOR 0.50
Director
$0 $0 $0
ROBERT GOLDSTEIN DIRECTOR 0.50
Director
$0 $0 $0
GLENDA G GRACE DIRECTOR 0.50
Director
$0 $0 $0
GARY HOBERMAN DIRECTOR 0.50
Director
$0 $0 $0
TODD KAHN DIRECTOR 0.50
Director
$0 $0 $0
MONISH KUMAR DIRECTOR 0.50
Director
$0 $0 $0
KATE D LEVIN DIRECTOR 0.50
Director
$0 $0 $0
CHRISTINA WEISS LURIE DIRECTOR 0.50
Director
$0 $0 $0
FRANK H MCCOURT JR DIRECTOR 0.50
Director
$0 $0 $0
MARIGAY MCKEE END 0623 DIRECTOR 0.50
Director
$0 $0 $0
DARLA MOORE DIRECTOR 0.50
Director
$0 $0 $0
COLBY MUGRABI DIRECTOR 0.50
Director
$0 $0 $0
DASHA ZHUKOVA NIARCHOS DIRECTOR (END 03/23) 0.50
Director
$0 $0 $0
CLAUDIA RANKINE DIRECTOR 0.50
Director
$0 $0 $0
PAULA RECART BEG 1223 DIRECTOR 0.50
Director
$0 $0 $0
MARIA CATALINA SAIEH GUZMAN DIRECTOR 0.50
Director
$0 $0 $0
ANDRES SANTO DOMINGO DIRECTOR 0.50
Director
$0 $0 $0
ANN SARNOFF DIRECTOR 0.50
Director
$0 $0 $0
DEAN SHAPIRO DIRECTOR 0.50
Director
$0 $0 $0
HARVEY J SPEVAK DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN M TISCH CHAIR 0.50
Officer Director
$0 $0 $0
JED WALENTAS DIRECTOR 0.50
Director
$0 $0 $0
FRED WILSON DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH WINSHEL DIRECTOR 0.50
Director
$0 $0 $0
KENNETH P WONG DIRECTOR 0.50
Director
$0 $0 $0
HON ADRIENNE E ADAMS DIRECTOR (EX-OFFICIO) 0.50
Director
$0 $0 $0
HON LAURIE CUMBO DIRECTOR (EX-OFFICIO) 0.50
Director
$0 $0 $0
HON MARK LEVINE DIRECTOR (EX-OFFICIO) 0.50
Director
$0 $0 $0
HON MARIA TORRES-SPRINGER DIRECTOR (EX-OFFICIO) 0.50
Director
$0 $0 $0
HON INGE IVCHENCKO DIRECTOR (EX-OFFICIO) 0.50
Director
$0 $0 $0
ALEXANDER POOTS ARTISTIC DIRECTOR 40.00
Officer
$567,376 $2,973 $570,349
MARYANN JORDAN END 1123 CHIEF OPERATING OFFICER 40.00
Officer
$555,251 $16,667 $571,918
PETER GEE CHIEF FINANCIAL OFFICER 40.00
Officer
$345,304 $34,372 $379,676
ABDUL YOUNIS CHIEF EXECUTIVE PRODUCER 40.00
Officer
$344,413 $12,270 $356,683
ROBERT MOHLER CHIEF DEVELOPMENT OFFICER 40.00
Officer
$275,000 $1,217 $276,217
JEFFREY LEVINE CHIEF MARKETING & COMM OFFICER 40.00
Officer
$203,075 $35,751 $238,826
TAMARA MCCAW END 1123 CHIEF CIVIC PROGRAM OFFICER 40.00
Officer
$198,108 $14,202 $212,310
MANUEL BEJARANO BEG 0822 CHIEF PEOPLE OFFICER 40.00
Officer
$197,479 $13,263 $210,742
ANDRIA HICKEY END 1023 CHIEF CURATOR 40.00
Officer
$166,206 $13,058 $179,264
EZRA WIESNER END 0123 CHIEF TECHNOLOGY OFFICER 40.00
Officer
$23,631 $2,882 $26,513
JOSHUA FREEMAN END 0923 CHIEF TECHNOLOGY OFFICER 40.00
Officer
$45,615 $2,419 $48,034
JOSEPH WITTMANN END 1023 DIRECTOR OF FACILITIES 40.00
Key Emp
$192,038 $947 $192,985
REGINA DYCHES DIR. OF STRAT. PARTNERSHIPS 40.00
Key Emp
$160,769 $13,516 $174,285
JOSH PHAGOO OPERATING ENGINEER 40.00
Highest
$172,573 $4,265 $176,838
LAURA ASWAD PRODUCER 40.00
Highest
$169,946 $955 $170,901
EUNICE LIRIANO DIRECTOR OF CORPORATE PARTNERSHIPS 40.00
Highest
$151,574 $20,722 $172,296
JEAN KWARTLER CONTROLLER 40.00
Highest
$142,218 $26,773 $168,991
DANIELLE FARULA OPERATING ENGINEER 40.00
Highest
$140,802 $7,266 $148,068
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 No data No data No data No data
2023 $60,613,644 $45,014,718 $549,675,355 $15,598,926
2022 $28,897,150 $49,096,051 $575,214,850 $-20,198,901
2021 $48,390,004 $38,489,710 $605,118,283 $9,900,294
2020 $102,270,782 $46,777,803 $621,442,218 $55,492,979
2019 $101,081,298 $60,025,560 $625,242,260 $41,055,738
2018 $74,185,565 $15,453,980 $527,432,376 $58,731,585
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