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.
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 |
John Brewer Director | Trustee | 3 | $0 |
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 |
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 |
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 |