Metropolitan Opera Association Inc

“There are no differences of class among members, per the organizational by-laws, the managing directors delegate powers to the executive committee during intervals between meetings of the managing directors.”

“Members have the right to elect the governing body of the organization, and all members have an equal vote in such election.”

“Metropolitan opera association, inc. Was incorporated in 1932 under the membership corporation law of ny. Its members elect the board of directors at the annual meeting.”

“The form 990 was prepared by management. It was reviewed by management and external tax advisors. The form 990 - complete with all required schedules including schedule b - was presented to the audit committee of the board for its approval, which was given. Prior to filing, the form 990 was then made available to the full board by a secure website, with the exception of schedule b, in order to respect the wishes of donors who want to remain anonymous.”

“Conflict of interest disclosure forms are completed annually by managing directors, officers and key employees and provided to and reviewed by the office of the general counsel. Any interested person may not participate in the deliberation, decision, or vote regarding the contract or other transactions.”

“The compensation committee, consisting of five independent managing directors, must assess and approve compensation of the top management official. A compensation consultant is hired and comparisons of compensation of peer organizations are analyzed. The process of deliberation is contemporaneously documented. This process is conducted annually. The compensation committee met on may 14, 2024.”

“The compensation committee, consisting of five independent managing directors, must assess and approve compensation of other officers and key employees. Comparisons of compensation of peer organizations are analyzed, and the process of deliberation is contemporaneously documented. The process is conducted annually. The compensation committee met on may 14, 2024.”

“The form 990 and the audited financial statements are made available to the general public upon request.”

“(Expenses $ 7,241,125 including grants of $ 662,690)(Revenue $ 2,608,783) OTHER PROGRAM ACTIVITIES INCLUDING MERCHANDISING, DEVELOPMENT OF YOUNG ARTISTS THROUGH THE LINDEMANN YOUNG ARTIST DEVELOPMENT PROGRAM, AND THE LAFFONT COMPETITION AND CONCERT.”

“Change in split interest - -249867; pension plan changes - 9139140; cga/fip unrealized gains/losses - -26845; discount adjustments - 693693; tr se pledges adjustments - -595182; other adjustments - -4582;”