Woodshed Collective Inc
- Assets
- $23.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 27-4529022
Organization Overview
Woodshed Collective Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodshed Collective Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Woodshed Collective Inc generated $62.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $66.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OUR ADMINISTRATIVE FOCUS IN 2022 WAS TO CONTINUE TO SUPPORT OUR EXPERIENCEDADMINISTRATIVE TEAM AND WORK WITH OUR BOARD TO ENSURE OUR LONG TERM STABILITY. WEWORKED WITH OUR LEADERSHIP TEAM TO GUIDE THIS AND IMPLEMENT THE ADVICE OF BUSINESSCONSULTANTS AND ACCOUNTANTS.WOODSHED SPENT THE YEAR SUPPORTING OUR PREMIER BROADWAY PRODUCTION, KPOP. KPOPIS THE STORY OF GLOBAL SUPERSTARS PUTTING EVERYTHING ON THE LINE FOR A SPECIAL ONE-NIGHT ONLY CONCERT, WHEN ONE SINGER'S INNER STRUGGLE THREATENS TO DISMANTLE ONE OF THE BIGGEST LABELS IN THE INDUSTRY. PULSING WITH INFECTIOUS BEATS, ELECTRIFYING CHOREOGRAPHY,AND BREATHTAKING JOY, KPOP IS AN ALL-CONSUMING MULTIMEDIA EXPERIENCE THAT EXPLORES THE RELENTLESS DISCIPLINE, RAW TALENT, AND COMMERCIAL AMBITION BEHIND THE HEART-THUMPING INTERNATIONAL PHENOMENON.THE SHOW WAS THE FIRST SHOW ON BROADWAYTO FEATURE A BILINGUAL (KOREAN AND ENGLISH) BOOK AND SCORE. IT MARKED THE BROADWAYDEBUTS OF ALMOST THE ENTIRE CREATIVE TEAM IN ADDITION TO THE BROADWAY DEBUTS OF 18 CAST MEMBERS. IT BROUGHT A COMPLETELY UNIQUE AUDIENCE THAT HAD NEVER SEEN THEMSELVESREPRESENTED IN A BROADWAY SHOW INTO THE THEATER. IT GARNERED STRONG REVIEWS AND AWILDLY ENTHUSIASTIC FAN BASE THAT TRIED TO KEEP THE SHOW GOING AS LONG AS WE COULD.THE COMPANY WORKED OVER THIS TIME NOT ONLY THE CREATIVE SHEPHERDING OF THE SHOW BUTTO HELP PROMOTE IT AND MARKET IT TO NEW AUDIENCES.IN 2022, WE CAREFULLY MANAGED OUR RESOURCES TO SUPPORT THIS WORK AND KEEP THECOMPANY ALIVE AMIDST THE UNPRECEDENTED LANDSCAPE OF THE YEAR. WE STREAMLINED ALLOUR PUBLIC OPERATIONS TO FOCUS ON ARTISTIC DEVELOPMENT AND PARED DOWN OUR ACTIVITIESTO WEATHER THE STORM THAT WAS THIS YEAR IN LIVE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gideon Friedman President | 1 | $0 | |
John Johnson Treasurer | 1 | $0 | |
Pepper Binkley Board Member | 1 | $0 | |
Jim Glaub Board Member | 1 | $0 | |
Les Gutierrez Board Member | 1 | $0 | |
Michael Walek Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,260 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,260 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,552 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,404 |
| Total expenses | $65,956 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,271 |
| Other assets | $0 |
| Total assets | $23,531 |
| Total liabilities | $1,650 |
| Net assets or fund balances | $21,881 |