American Friends Of Covent Garden The Royal Opera The Royal Ballet
- Assets
- $957.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1969
- Data as of
- 08/2021
- EIN
- 23-7039510
Organization Overview
American Friends Of Covent Garden The Royal Opera The Royal Ballet is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Covent Garden The Royal Opera The Royal Ballet 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 08/2021, American Friends Of Covent Garden The Royal Opera The Royal Ballet generated $1.8m 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 (5.5%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 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
TO PROMOTE OPERA, BALLET AND MUSIC BETWEEN THE U.S. AND THE U.K.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN FRIENDS OF COVENT GARDEN AND THE ROYAL BALLET IS AN AMERICAN SUPPORT ORGANIZATION FOR THE OPERATIONS OF THE ROYAL OPERA HOUSE IN LONDON. DURING THE 2020-2021 FISCAL YEAR THE AMERICAN FRIENDS OF COVENT GARDEN & THE ROYAL BALLET PROVIDED A TOTAL OF $1,224,642 IN GRANT SUPPORT FOR OPERA AND BALLET PRODUCTIONS AT THE ROYAL OPERA HOUSE IN LONDON, AS WELL AS TO SUPPORT GENERAL OPERATING AND ADMINISTRATIVE EXPENSES OF THE ROYAL OPERA HOUSE. THIS HAS BEEN PARTICULARLY IMPORTANT AS COVID-19 RESTRICTED LIVE PERFORMANCES AND TICKET REVENUES. OVER THE LAST TEN YEARS TOTAL GRANTS TO THE ROYAL OPERA HOUSE WERE OVER $45 MILLION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Milena Sales Exec. Dir./secretary | Officer | 8 | $77,400 |
Mr G Scott Clemons Treasurer | OfficerTrustee | 2 | $0 |
Ms Mercedes T Bass Chair | OfficerTrustee | 2 | $0 |
Ms Susan S Braddock Director | Trustee | 0.5 | $0 |
Mrs Peggy Czyzak Dannenbaum Director | Trustee | 0.5 | $0 |
Ms Misook Doolitte Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,822,296 |
| Noncash contributions included in lines 1a–1f | $51,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,832,996 |
| Total Program Service Revenue | $0 |
| Investment income | $205 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,833,201 |
| 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 | $1,224,642 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,200 |
| Compensation of current officers, directors, key employees. | $103,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,123 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,613 |
| Insurance | $0 |
| All other expenses | $3,460 |
| Total functional expenses | $1,355,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $953,688 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,096 |
| Other assets | $0 |
| Total assets | $957,784 |
| Accounts payable and accrued expenses | $66,300 |
| 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 | $0 |
| Total liabilities | $66,300 |
| Net assets without donor restrictions | $891,484 |
| 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 | $957,784 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Friends Of Covent Garden The Royal Opera The Royal Ballet has recieved totaling $173,931.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $22,200 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $22,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,224 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Dance Theatre Of Harlem Inc New York, NY | $25,291,917 | $7,150,839 |
Ballet Tech Foundation Inc New York, NY | $31,444,283 | $5,751,049 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
New Jersey Ballet Company Inc Florham Park, NJ | $1,730,612 | $1,894,921 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |
Mystic Ballet Inc Stonington, CT | $1,878,282 | $1,516,006 |
School Of The Garden State Ballet Rutherford, NJ | $74,306 | $733,673 |