New York City Opera Inc
- Assets
- $2.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 21
- Location
- New York, NY
- Founding
- 08/1979
- Data as of
- 06/2021
- EIN
- 13-2974347
Organization Overview
New York City Opera Inc is located in New York, NY. The organization was established in 1979. 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 06/2021, New York City Opera Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York City Opera 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, New York City Opera Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 18.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OPERA'S CURRENT ADMINISTRATION UTILIZES A UNIQUE, ENTREPRENEURIAL BUSINESS MODEL BY CREATING ARTISTIC AND OPERATIONAL PARTNERSHIPS, FORGING STRONG RELATIONSHIPS WITH UNION AND VENUES, AND ENGAGING BOTH NEW AND TRADITIONAL AUDIENCES. CONTINUING ITS HISTORIC COMMITMENT TO EDUCATIONAL OUTREACH, THE COMPANY PROVIDES OPPORTUNITIES FOR THOUSAND OF NEW YORK CITY SCHOOL CHILDREN TO ATTEND CITY OPERA DRESS REHEARSALS, WHERE THEY MEET CAST MEMBERS AND CREW AND LEARN ABOUT CAREERS IN THE PERFORMING ARTS. FOR MANY, THIS IS THEIR FIRST LIVE OPERA EXPERIENCE. THROUGHOUT ITS SEASON, CITY OPERA ALSO PRESENTED HOUR-LONG, FAMILY-FRIENDLY ADAPTATIONS OF CLASSIC OPERA, INTRODUCING OPERA TO THE VERY YOUNGEST AUDIENCES. RENEWING ITS TRADITION OF BRINGING OPERA TO THE WIDEST POSSIBLE AUDIENCE, CITY OPERA ALSO PRESENTED FREE OPERA PERFORMANCES IN BRYANT PARK, ENABLING THOUSANDS OF NEW YORKERS TO EXPERIENCE OPERA IN A RELAXED, FAMILIAR ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Capasso General Dire | OfficerTrustee | 50 | $48,077 |
Kristin Sampson Secretary/tr | OfficerTrustee | 50 | $48,077 |
Jenny Gucci Member | Trustee | 2 | $0 |
Mara Kaplan-Pruzanski Member | Trustee | 2 | $0 |
Roy Niederhoffer Board Chairm | Trustee | 2 | $0 |
Diana Langer-Marcus Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gemini Music Productions Ltd Musicians | 6/29/19 | $319,168 |
Dolland Transportation Llc | 6/29/19 | $167,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $465,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,092,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,558,434 |
| Total Program Service Revenue | $0 |
| Investment income | $64,869 |
| 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 | $598,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,221,600 |
| 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. | $96,154 |
| Compensation of current officers, directors, key employees. | $23,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,873 |
| Payroll taxes | $39,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,239 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,000 |
| Advertising and promotion | $0 |
| Office expenses | $118,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,656 |
| Insurance | $29,740 |
| All other expenses | $450 |
| Total functional expenses | $1,719,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,078 |
| Net Land, buildings, and equipment | $194,872 |
| Investments—publicly traded securities | $2,022,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,442 |
| Total assets | $2,464,472 |
| Accounts payable and accrued expenses | $796,835 |
| 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 | $1,159,127 |
| Total liabilities | $1,955,962 |
| Net assets without donor restrictions | -$4,248,951 |
| Net assets with donor restrictions | $4,757,461 |
| 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 | $2,464,472 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New York City Opera Inc has recieved totaling $75,250.
| Awarding Organization | Amount |
|---|---|
Bill And Ann Ziff Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Ralph M Wynn Foundation Patchogue, NY PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $24,000 |
Henry & Marilyn Taub Foundation Teaneck, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000 |
Jerome And Dolores Zuckerman Gewirtz Charitable Trust Brooklyn, NY PURPOSE: COMMUNITY SERVICE | $250 |
Endowment Analysis
| Beg. Balance | $1,838,305 |
| Earnings | $183,905 |
| Ending Balance | $2,022,210 |
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 |