Metropolitan Opera Association Inc

Organization Overview

Metropolitan Opera Association Inc is located in New York, NY. The organization was established in 1940. 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 07/2021, Metropolitan Opera Association Inc employed 4,294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Opera Association 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 07/2021, Metropolitan Opera Association Inc generated $163.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $132.0m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PERFORMANCE OF OPERA TO THE PUBLIC.

Describe the Organization's Program Activity:

PREPARATION AND PRESENTATION OF OPERA PERFORMANCES AT THE METROPOLITAN OPERA HOUSE AS WELL AS SYMPHONIC REPERTORY AT CARNEGIE HALL. ALSO INCLUDES OUTDOOR PRESENTATION OF FREE CONCERTS IN NYC PARKS FOR THE PUBLIC. THE COVID-19 PANDEMIC CAUSED THE MET TO CANCEL ITS LIVE SEASON AT THE OPERA HOUSE FROM MARCH 2020 THROUGH ITS FY21-22 SEASON. THERE WERE NO CARNEGIE HALL PERFORMANCES OR PARKS CONCERTS DURING THE FISCAL YEAR DUE TO THE PANDEMIC. PROGRAMMATIC EXPENSES DURING FY21 INCLUDED COSTS TO MAINTAIN ITS WAREHOUSE AND STORAGE FACILITIES AS WELL AS SOME BENEFITS FOR FURLOUGHED STAFF. THE MET RE-OPENED IN SEPTEMBER 2021 WITH STRICT VACCINATION REQUIREMENTS FOR BOTH AUDIENCE AND STAFF AND HAS SUCCESSFULLY COMPLETED LIVE PERFORMANCES AT THE OPERA HOUSE TO DATE.


MEDIA PRESENTATION OF OPERA PERFORMANCES. LIVE PERFORMANCES BROADCAST IN HIGH DEFINITION TO MOVIE THEATERS THROUGHOUT THE WORLD. DOMESTIC AND INTERNATIONAL LIVE AUDIO TRANSMISSIONS OF PERFORMANCES ON RADIO AND THE MET'S WEBSITE. PAST PERFORMANCES BROADCAST ON TELEVISION, RADIO STATIONS AND THE INTERNET GLOBALLY. AS A RESULT OF THE CANCELLATION OF THE MET'S SEASON, THE LIVE BROADCASTS FROM THE OPERA HOUSE WERE CANCELLED. THE MET ENGAGED IN A VARIETY OF ON-LINE ACTIVITES, INCLUDING FREE NIGHTLY ENCORE STREAMING ON OUR WEBSITE AND PAY-PER-VIEW RECITALS.


PRESENTATION OF EVENTS OTHER THAN OPERA WHERE THE MET EITHER PRESENTS OR CO-PRESENTS THE EVENT OR LICENSES THE OPERA HOUSE TO THIRD PARTIES, PRINCIPALLY BALLET. THERE WERE NO EVENTS DURING FY21 DUE TO THE CLOSURE OF THE OPERA HOUSE.


OTHER PROGRAM ACTIVITIES INCLUDING MERCHANDISING, DEVELOPMENT OF YOUNG ARTISTS THROUGH THE LINDEMANN YOUNG ARTIST DEVELOPMENT PROGRAM, AND THE LAFFONT COMPETITION AND CONCERT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Yorke Construction Corp
Construction
$4,505,927
Nicholson & Galloway Inc
Construction
$3,563,444
Daybreak Fast Freight Inc
Container Storage And Transit
$1,785,140
Aka Nyc Limited
Advertising Agency
$1,908,450
Odeon Entertainment
Production
$1,163,900
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$73,477
Fundraising events$4,604,328
Related organizations$1,550,133
Government grants $15,161,016
All other contributions, gifts, grants, and similar amounts not included above$118,966,614
Noncash contributions included in lines 1a–1f $5,369,939
Total Revenue from Contributions, Gifts, Grants & Similar$140,355,568
Total Program Service Revenue$11,142,580
Investment income $2,198,749
Tax Exempt Bond Proceeds $0
Royalties $8,397
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,024,084
Net Income from Fundraising Events -$164,169
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $569,919
Miscellaneous Revenue$0
Total Revenue $163,754,215

Grants Recieved

Over the last fiscal year, we have identified 128 grants that Metropolitan Opera Association Inc has recieved totaling $15,318,234.

Awarding OrganizationAmount
Bill And Ann Ziff Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$3,849,910
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$2,876,785
American Gift Fund

Wilmington, DE

PURPOSE: OPERATIONS

$2,400,000
Joseph And Robert Cornell Memorial Foundation

Charlottesville, VA

PURPOSE: GRANT IS FOR DONEE'S EXEMPT PURPOSE

$650,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$629,468
The Annenberg Foundation

Conshohocken, PA

PURPOSE: SATURDAY MATINEE BROADCASTS

$500,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$263,674,994
Earnings$73,355,018
Admin Expense$2,202,936
Net Contributions$3,907,590
Other Expense$11,642,778
Grants$133,484
Ending Balance$326,958,403

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