Woodshed Collective Inc

Nonprofit profile at a glance

EIN
274529022
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024, Form 990-N 2013
Location
Brooklyn, NY, USA
Phone
6468244831
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$1,800
Expenses
$10,371
Assets
$258
Liabilities
$1,650

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Gideon Friedman (President)

People named in this filing

  • Gideon Friedman (President)
  • Gabriel Evansohn (Board member)
  • Pepper Binkley (Board member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create a modern performing arts theater.

What it reported doing in 2024

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.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 82
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 71.4%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -476.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 6.4; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -14.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -16.9% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -9.2% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 71.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.