Metropolitan Opera Guild Inc
- Assets
- $10.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 47
- Location
- New York, NY
- Founding
- 08/1938
- Data as of
- 06/2021
- EIN
- 13-1681983
Organization Overview
Metropolitan Opera Guild Inc is located in New York, NY. The organization was established in 1938. 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 06/2022, Metropolitan Opera Guild Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Opera Guild 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 06/2021, Metropolitan Opera Guild Inc generated $4.0m 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 (14.1%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: THE GUILD PUBLISHES OPERA NEWS, A MONTHLY PRINT ANDDIGITAL MAGAZINE ABOUT OPERA HISTORY, PERFORMANCES, AND ARTISTS, THATHELPS FOSTER A DEEPER APPRECIATION OF OPERA AND TO MAINTAIN IT AS ATHRIVING, CONTEMPORARY ART FORM.
EDUCATIONAL PROGRAMS: THE GUILD FOSTERS COLLABORATION, LITERACY SKILLS, SELF-CONFIDENCE AND AN INCREASED CAPACITY FOR SELF-EXPRESSION IN CHILDREN WITH CUSTOMIZED EDUCATION PROGRAMS INTEGRATED INTO THE CURRICULUM OF THEIR SCHOOLS. THE GUILD ALSO OFFERS WORKSHOPS ANDCOMMUNITY PROGRAMS FOR OLDER STUDENTS AND ADULTS.
SUPPORT OF THE METROPOLITAN OPERA (THE "MET"): THE GUILD SUPPORTS THE MET'S LAFFONT COMPETITION BY FUNDING AN ANNUAL AWARD. THE GUILD ALSO SERVES AS A FUNDRAISING AGENT FOR THE MET BY ENCOURAGING INDIVIDUALS TO CONTRIBUTE TO THE MET AT VARIOUS GIVING LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Alfonsi Director | Trustee | 2 | $0 |
Betsy Shack Barbanell Director | Trustee | 2 | $0 |
Catia Z Chapin Director | Trustee | 2 | $0 |
Marc Chazaud Director | Trustee | 2 | $0 |
George M Cozonis Director | Trustee | 2 | $0 |
John M Dowd Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lane Press Printing | 6/29/22 | $160,210 |
Lincoln Center For The Performing Arts Office Rent | 6/29/22 | $209,708 |
Cps Events At The Plaza Venue Rental | 6/29/22 | $112,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,371,849 |
| Investment income | $99,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,593 |
| Net Rental Income | $16,200 |
| Net Gain/Loss on Asset Sales | $773,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,014,056 |
| Statement of Expenses | |
|---|---|
| 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. | $185,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,638,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $208,891 |
| Payroll taxes | $137,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,207 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,560 |
| Fees for services: Other | $399,783 |
| Advertising and promotion | $34,955 |
| Office expenses | $46,985 |
| Information technology | $135,804 |
| Royalties | $0 |
| Occupancy | $244,855 |
| Travel | $4,034 |
| 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 | $161,363 |
| Insurance | $39,717 |
| All other expenses | $0 |
| Total functional expenses | $4,121,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,994 |
| Accounts receivable, net | $56,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,972 |
| Prepaid expenses and deferred charges | $127,146 |
| Investments—publicly traded securities | $5,607,272 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,946,079 |
| Total assets | $10,921,018 |
| Accounts payable and accrued expenses | $355,664 |
| Grants payable | $0 |
| Deferred revenue | $327,038 |
| 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 | $5,361,347 |
| Total liabilities | $6,044,049 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,876,969 |