Civic Intelligence

Metropolitan Opera Endowment Trustcentennial Fund Endowment Trust

990 • Fiscal year 2020 • EIN 13-6071129

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 10, 2021

Organization ProfileNONE
30 Lincoln Center 423New York, NY 10023

(212) 799-3100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

9th percentile

0.03x

Higher debt load relative to revenue than 9% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$30,000

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

36th percentile

2.6%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

78%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$46,008,496

Up $1,168,659 (+2.6%) from 2019

Net Assets

Up

$45,945,410

Up $1,176,991 (+2.6%) from 2019

Liabilities

Down

$63,086

Down $8,332 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin91st percentile

Revenue

Up

$2,120,361

Up $927,650 (+78%) from 2019

Expenses

Up

$1,030,554

Up $120,441 (+13%) from 2019

Net Income

Up

$1,089,807

Up $807,209 (+286%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $62,470,923Liabilities 2011: $0Net Assets 2011: $62,470,9232011Assets 2012: $55,173,942Liabilities 2012: $0Net Assets 2012: $55,173,9422012Assets 2013: $44,291,347Liabilities 2013: $0Net Assets 2013: $44,291,3472013Assets 2014: $42,814,904Liabilities 2014: $60,000Net Assets 2014: $42,754,9042014Assets 2015: $41,118,516Liabilities 2015: $0Net Assets 2015: $41,118,5162015Assets 2016: $43,340,238Liabilities 2016: $0Net Assets 2016: $43,340,2382016Assets 2017: $43,009,770Liabilities 2017: $48,813Net Assets 2017: $42,960,9572017Assets 2018: $44,147,730Liabilities 2018: $23,685Net Assets 2018: $44,124,0452018Assets 2019: $44,839,837Liabilities 2019: $71,418Net Assets 2019: $44,768,4192019Assets 2020: $46,008,496Liabilities 2020: $63,086Net Assets 2020: $45,945,4102020Assets 2021: $49,288,625Liabilities 2021: $108,430Net Assets 2021: $49,180,1952021Assets 2022: $47,090,552Liabilities 2022: $36,051Net Assets 2022: $47,054,5012022Assets 2023: $45,937,417Liabilities 2023: $56,049Net Assets 2023: $45,881,3682023Assets 2024: $42,892,790Liabilities 2024: $34,765Net Assets 2024: $42,858,0252024

Highlighted filing

2020

Assets$46,008,496
Liabilities$63,086
Net Assets$45,945,410
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $3,801,455Expenses 2011: $12,133,675Net Income 2011: -$8,332,2202011Revenue 2012: $9,670,127Expenses 2012: $13,032,667Net Income 2012: -$3,362,5402012Expenses 2013: $13,901,2072013Revenue 2014: $1,538,841Expenses 2014: $4,834,385Net Income 2014: -$3,295,5442014Revenue 2015: $1,367,474Expenses 2015: $2,845,789Net Income 2015: -$1,478,3152015Revenue 2016: $4,440,573Expenses 2016: $2,314,948Net Income 2016: $2,125,6252016Revenue 2017: $1,868,245Expenses 2017: $2,151,336Net Income 2017: -$283,0912017Revenue 2018: $1,785,760Expenses 2018: $1,092,182Net Income 2018: $693,5782018Revenue 2019: $1,192,711Expenses 2019: $910,113Net Income 2019: $282,5982019Revenue 2020: $2,120,361Expenses 2020: $1,030,554Net Income 2020: $1,089,8072020Revenue 2021: $1,162,315Expenses 2021: $1,809,082Net Income 2021: -$646,7672021Revenue 2022: $1,315,092Expenses 2022: $683,675Net Income 2022: $631,4172022Revenue 2023: $1,227,455Expenses 2023: $4,416,282Net Income 2023: -$3,188,8272023Revenue 2024: $1,674,473Expenses 2024: $5,645,839Net Income 2024: -$3,971,3662024

Highlighted filing

2020

Revenue$2,120,361
Expenses$1,030,554
Net Income$1,089,807
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 10, 2021
Return Version
2019v5.2
Gross Receipts
$46,477,402
Mission and Program Overview

Mission

To support the activities of metropolitan opera association, inc., a 501(c)(3) organization.

To support the activities of the metropolitan opera association, inc., a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,960,865$39,844,151▲ $883,286
Investments Other Securities$5,397,104$5,672,454▲ $275,350
Pledges and Grants Receivable$481,868$491,891▲ $10,023
Total Assets$44,839,837$46,008,496▲ $1,168,659
Liabilities
Accounts Payable and Accrued Expenses$71,418$63,086▼ $8,332
Total Liabilities$71,418$63,086▼ $8,332
Net Assets / Fund Balance
Net Assets With Donor Restrictions$30,554,595$31,649,104▲ $1,094,509
Net Assets Without Donor Restrictions$14,213,824$14,296,306▲ $82,482
Total Net Assets Fund Balance$44,768,419$45,945,410▲ $1,176,991
Total Liabilities and Net Assets / Fund Balance$44,839,837$46,008,496▲ $1,168,659

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,671,334--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$44,357,969$733,434▲ $1,464,088$839,000$45,516,605
2018$43,675,681$5,893▲ $1,538,775$699,000$44,357,969
2017$42,547,339$335,884▲ $1,909,768$842,000$43,675,681
2016$42,887,231-▲ $1,762,631$2,013,000$42,547,339
2015$40,422,392$4,073,512▲ $706,275$2,176,000$42,887,231
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleBaseTotal
Dr Frayda LindemannTrustee$30,000$30,000

Board Members and Trustees

NameTitle
Christine F HunterChairman
William C MorrisVice Chair
Ann ZiffCommittee Member
Damian C Gallagher to 2520Committee Member
James W KinnearCommittee Member
-Secretary
Richard Kemp Fr 2520Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$743,457
Program Service Revenue
$0
Investment Income
$1,376,904
Other Revenue
$0
All Other Contributions
$743,457
Change in Net Assets
$1,089,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$839,000
Other Expenses$191,554
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$839,000--$839,000
Fees for Service Investment Mgmnt Fees-$191,554-$191,554
Total Functional Expenses$839,000$191,554$0$1,030,554
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Opera Association IncNew York, NY501(c)(3)Support the Activities of the Metropolitan Opera Association, Inc.$839,000

International Summary

Offices
0
Employees
0
Spending
$5,672,454

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America / CaribbeanInvestmentsInvestment00$5,672,454
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“How members or shareholders elect governing body the metropolitan opera association, inc. Managing directors may fill vacancies of the trust board.”

Form 990, Part VI, Section B, Line 11B

“Form 990 review process the form 990 was prepared by management. It was reviewed by management and external tax advisors. Prior to filing, the form 990 was reviewed by both the trust committee of the metropolitan opera endowment trust/centennial fund endowment trust and the audit committee of the board of the metropolitan opera association, inc.”

Form 990, Part VI, Section B, Line 12C

“Explanation of monitoring and enforcement of conflicts conflict of interest disclosure forms are completed annually by committee members and officers and provided to and reviewed by the office of the general counsel. Any interested person may not participate in the final deliberation, decision, or vote regarding the contract or other transaction. Form 990, part vi, section b, line 14: explanation of document retention and destruction policy the met has adopted a written document retention and destruction policy which is applied to the organization as a whole. Form 990, part vi, section b, line 15: explanation of compensation review the trust has no employees. Certain employees of metropolitan opera association, inc. ("the met"), a related organization, perform administrative duties for the trust.”

Form 990, Part VI, Section C, Line 19

“Other organization documents publicly available the form 990 and the audited financial statements are the documents that are made available to the general public, upon request.”

Filing and Contact Details

Filer

Filer Name
Metropolitan Opera Endowment Trust
EIN
13-6071129
Phone
2127993100
Address
30 LINCOLN CENTER 423, NEW YORK, NY 10023

Signing Officer

Name
Sharon Urban
Title
Secretary
Phone
2127993100
Signed
2021-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William C Morris
Formed
1959
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
345 PARK AVENUE, NEW YORK, NY 10154-0102
Preparer
Christina Rossetti
Phone
2127589700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The trust is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Management believes that the trust will continue to be exempt from taxes and that the trust has taken no significant uncertain tax positions.”

PART V, LINE 4:

“The intended use of endowment fund is to support the activities of the metropolitan opera association, inc., a 501(c)(3) organization.”

Raw XML AppendixShowing 400 of 461 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt071418
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt063086
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE ACTIVITIES OF THE METROPOLITAN OPERA ASSOCIATION, INC., A 501(C)(3) ORGANIZATION.
IRS990/AllOtherContributionsAmt0743457
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DIANA FORTUNA
IRS990/BooksInCareOfDetail/PhoneNum02127993100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt030 LINCOLN CENTER 423
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010023
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0743457
IRS990/CYGrantsAndSimilarPaidAmt0839000
IRS990/CYInvestmentIncomeAmt01376904
IRS990/CYOtherExpensesAmt0191554
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01089807
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01030554
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02120361
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO PROVIDE SUPPORT TO METROPOLITAN OPERA ASSOCIATION, INC. FOR ITS EXEMPT ACTIVITIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt030554595
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt031649104
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0839000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0191554
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0191554
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0NY PRIVATE TRUST COMPANY
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DR FRAYDA LINDEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM C MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTINE F HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES W KINNEAR
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN ZIFF
IRS990/Form990PartVIISectionAGrp/PersonNm5DAMIAN C GALLAGHER TO 2520
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD KEMP FR 2520
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt030000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt083626
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0839000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0839000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0839000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt044440667
IRS990/GrossReceiptsAmt046477402
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01293278
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01293278
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05397104
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05672454
IRS990/InvestmentsPubTradedSecGrp/BOYAmt038960865
IRS990/InvestmentsPubTradedSecGrp/EOYAmt039844151
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt044357041
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT THE ACTIVITIES OF METROPOLITAN OPERA ASSOCIATION, INC., A 501(C)(3) ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt044768419
IRS990/NetAssetsOrFundBalancesEOYAmt045945410
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt083626
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt083626
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt087184
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014213824
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014296306
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0481868
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0491891
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM C MORRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015711
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0699000
IRS990/PYInvestmentIncomeAmt01177000
IRS990/PYOtherExpensesAmt0211113
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0282598
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0910113
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01192711
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01089807
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0131624087
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0839000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0METROPOLITAN OPERA ASSOCIATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0839000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.62160
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0199886
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt044357969
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0733434
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt045516605
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01464088
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0839000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0163380
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt043675681
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt044357969
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01538775
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0699000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0275310
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt042547339
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0335884
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt043675681
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01909768
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0842000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt089523
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt042887231
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt042547339
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01762631
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02013000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0138948
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt040422392
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt04073512
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt042887231
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0706275
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02176000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01120
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15671334
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PRIVATE EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1GLOBAL EQUITY LIMITED LIABILITY COMPANY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.37840
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE TRUST WILL CONTINUE TO BE EXEMPT FROM TAXES AND THAT THE TRUST HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTENDED USE OF ENDOWMENT FUND IS TO SUPPORT THE ACTIVITIES OF THE METROPOLITAN OPERA ASSOCIATION, INC., A 501(C)(3) ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05672454
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt05672454
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA / CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0INVESTMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt05672454
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt05672454
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0839000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT THE ACTIVITIES OF THE METROPOLITAN OPERA ASSOCIATION, INC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0METROPOLITAN OPERA ASSOCIATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0131624087
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt030 LINCOLN CENTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010023
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING BODY THE METROPOLITAN OPERA ASSOCIATION, INC. MANAGING DIRECTORS MAY FILL VACANCIES OF THE TRUST BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY MANAGEMENT. IT WAS REVIEWED BY MANAGEMENT AND EXTERNAL TAX ADVISORS. PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY BOTH THE TRUST COMMITTEE OF THE METROPOLITAN OPERA ENDOWMENT TRUST/CENTENNIAL FUND ENDOWMENT TRUST AND THE AUDIT COMMITTEE OF THE BOARD OF THE METROPOLITAN OPERA ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS CONFLICT OF INTEREST DISCLOSURE FORMS ARE COMPLETED ANNUALLY BY COMMITTEE MEMBERS AND OFFICERS AND PROVIDED TO AND REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. ANY INTERESTED PERSON MAY NOT PARTICIPATE IN THE FINAL DELIBERATION, DECISION, OR VOTE REGARDING THE CONTRACT OR OTHER TRANSACTION. FORM 990, PART VI, SECTION B, LINE 14: EXPLANATION OF DOCUMENT RETENTION AND DESTRUCTION POLICY THE MET HAS ADOPTED A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY WHICH IS APPLIED TO THE ORGANIZATION AS A WHOLE. FORM 990, PART VI, SECTION B, LINE 15: EXPLANATION OF COMPENSATION REVIEW THE TRUST HAS NO EMPLOYEES. CERTAIN EMPLOYEES OF METROPOLITAN OPERA ASSOCIATION, INC. ("THE MET"), A RELATED ORGANIZATION, PERFORM ADMINISTRATIVE DUTIES FOR THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE THE DOCUMENTS THAT ARE MADE AVAILABLE TO THE GENERAL PUBLIC, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0METROPOLITAN OPERA ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131624087
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt030 LINCOLN CENTER ROOM 423
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010023
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SHARING OF PAID EMPLOYEES AND FACILITIES WITH RELATED ORGANIZATION(S) CERTAIN EMPLOYEES OF THE METROPOLITAN OPERA ASSOCIATION, INC. PERFORM ADMINISTRATIVE DUTIES FOR THE METROPOLITAN OPERA ENDOWMENT TRUST.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 1N & 1O:
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt044839837
IRS990/TotalAssetsEOYAmt046008496
IRS990/TotalAssetsGrp/BOYAmt044839837
IRS990/TotalAssetsGrp/EOYAmt046008496
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0743457
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,008,496
Liabilities
$63,086
Net assets
$45,945,410
Revenue
$2,120,361
Expenses
$1,030,554
Net income
$1,089,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.9$0.03$42.9$1.67$5.65$3.97
2023Detailed filing. Detailed filing data is available for this year.$45.9$0.06$45.9$1.23$4.42$3.19
2022Detailed filing. Detailed filing data is available for this year.$47.1$0.04$47.1$1.32$0.68$0.63
2021Detailed filing. Detailed filing data is available for this year.$49.3$0.11$49.2$1.16$1.81$0.65
2020Detailed filing. Detailed filing data is available for this year.$46.0$0.06$45.9$2.12$1.03$1.09
2019Summary only. Only limited summary data is available for this year.$44.8$0.07$44.8$1.19$0.91$0.28
2018Summary only. Only limited summary data is available for this year.$44.1$0.02$44.1$1.79$1.09$0.69
2017Summary only. Only limited summary data is available for this year.$43.0$0.05$43.0$1.87$2.15$0.28
2016Summary only. Only limited summary data is available for this year.$43.3$0.00$43.3$4.44$2.31$2.13
2015Detailed filing. Detailed filing data is available for this year.$41.1$0.00$41.1$1.37$2.85$1.48
2014Detailed filing. Detailed filing data is available for this year.$42.8$0.06$42.8$1.54$4.83$3.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$0.00$44.3$13.9
2012Summary only. Only limited summary data is available for this year.$55.2$0.00$55.2$9.67$13.0$3.36
2011Summary only. Only limited summary data is available for this year.$62.5$0.00$62.5$3.80$12.1$8.33