Metropolitan Opera Club Inc
- Assets
- $635.1k
- Revenue
- $866.5k
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 08/1946
- Data as of
- 07/2022
- EIN
- 13-1572247
Organization Overview
Metropolitan Opera Club Inc is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Metropolitan Opera Club Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Opera Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Metropolitan Opera Club Inc generated $866.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $775.9k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB CULTIVATES VOCAL AND INSTRUMENTAL MUSIC, FOSTER OPERATIC AND MUSICAL PERFORMANCES & SUPPORTS THE METROPOLITAN OPERA ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE METROPOLITAN OPERA CLUB IS ORGANIZED FOR PLEASURE AND ARTS. THE ACTIVITIES ARE FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Harnett General Manager | Officer | 40 | $120,423 |
J Truman Bidwell Jr President | OfficerTrustee | 3 | $0 |
Gerald Malone Treasurer | OfficerTrustee | 3 | $0 |
David R Owen Secretary | OfficerTrustee | 3 | $0 |
Douglas Barnet Director | Trustee | 3 | $0 |
Vivianne Lake Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $421,400 |
| Investment income | $611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $236,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,085 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,043 |
| Payroll taxes | $66,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,076 |
| Advertising and promotion | $1,750 |
| Office expenses | $31,303 |
| Information technology | $27,434 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,736 |
| Insurance | $11,853 |
| All other expenses | $3,227 |
| Total functional expenses | $775,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,470 |
| Savings and temporary cash investments | $497,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,744 |
| Prepaid expenses and deferred charges | $12,644 |
| Net Land, buildings, and equipment | $2,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $635,088 |
| Accounts payable and accrued expenses | $69,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,555 |
| Total liabilities | $75,780 |
| Net assets without donor restrictions | $559,308 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $635,088 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Metropolitan Opera Club Inc has recieved totaling $137,000.
| Awarding Organization | Amount |
|---|---|
Epstein Philanthropies New York, NY PURPOSE: GENERAL PURPOSES | $70,000 |
Stephen P Hanson Family Foundation Inc New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |
The William Brown Foundation Inc New York, NY PURPOSE: GENERAL | $17,500 |
C Jay Moorhead Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Len & Laura Berlik Foundation Inc Princeton, NJ PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $5,500 |
Federated Foundations Inc New York, NY PURPOSE: GENERAL | $2,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
Boston Lyric Opera Company Boston, MA | $24,492,285 | $7,326,686 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Concerts In Motion Inc New York, NY | $1,668,907 | $960,461 |
Lake George Opera Festival Association Inc Saratoga Springs, NY | $321,221 | $1,192,996 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |