Civic Intelligence

Metropolitan Opera Endowment Trustcentennial Fund Endowment Trust

990 • Fiscal year 2022 • EIN 13-6071129

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 08, 2023

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

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

0.03x

Higher debt load relative to revenue than 10% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$30,000

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

34th percentile

-4.5%

Faster asset growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$47,090,552

Down $2,198,073 (-4.5%) from 2021

Net Assets

Down

$47,054,501

Down $2,125,694 (-4.3%) from 2021

Liabilities

Down

$36,051

Down $72,379 (-67%) from 2021

Revenue

Up

$1,315,092

Up $152,777 (+13%) from 2021

Expenses

Down

$683,675

Down $1,125,407 (-62%) from 2021

Net Income

Up

$631,417

Up $1,278,184 (+198%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$47,090,552
Liabilities$36,051
Net Assets$47,054,501

Operations Trend

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

2022

Revenue$1,315,092
Expenses$683,675
Net Income$631,417
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 8, 2023
Return Version
2021v4.2
Gross Receipts
$13,350,881
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$41,527,671$39,835,538▼ $1,692,133
Investments Other Securities$7,462,992$7,155,014▼ $307,978
Pledges and Grants Receivable$297,962$100,000▼ $197,962
Total Assets$49,288,625$47,090,552▼ $2,198,073
Liabilities
Accounts Payable and Accrued Expenses$108,430$36,051▼ $72,379
Total Liabilities$108,430$36,051▼ $72,379
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,926,835$32,716,946▼ $2,209,889
Net Assets Without Donor Restrictions$14,253,360$14,337,555▲ $84,195
Total Net Assets Fund Balance$49,180,195$47,054,501▼ $2,125,694
Total Liabilities and Net Assets / Fund Balance$49,288,625$47,090,552▼ $2,198,073

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,155,014--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$48,990,663$443,348▼ $1,687,405$462,000$46,990,552
2020$45,516,605$202,500▲ $5,035,296$1,550,133$48,990,663
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
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sharon UrbanTrustee$30,000$30,000

Board Members and Trustees

NameTitle
Ann ZiffChairman
Dr Frayda LindemannVice Chair
Christine F Hunter to 5322Committee Member
James W KinnearCommittee Member
Tod JohnsonCommittee Member
-Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Partners Capital Investment Group LLPInvestment Management600 ATLANTIC AVENUE, Boston, MA 02210$227,952
Revenue and Support

Revenue Composition

Contributions and Grants
$245,386
Program Service Revenue
$0
Investment Income
$1,069,706
Other Revenue
$0
All Other Contributions
$245,386
Change in Net Assets
$631,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$462,000
Other Expenses$221,675
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$462,000--$462,000
Fees for Service Investment Mgmnt Fees-$221,675-$221,675
Total Functional Expenses$462,000$221,675$0$683,675
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Opera Association IncNew York, NY501(c)(3)Support the Activities of the Metropolitan Opera Association, Inc.$462,000

International Summary

Offices
0
Employees
0
Spending
$7,155,014

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$7,155,014
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
James Berger
Title
Secretary
Phone
2127993100
Signed
2023-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Ziff
Formed
1959
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
345 PARK AVENUE, NEW YORK, NY 10154-0102
Preparer
Devin L Duncan
Phone
2127589700
Supplemental Narrative

Financial Statement Notes

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.

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.

Raw XML AppendixShowing 400 of 467 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.

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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/SupportAmt0462000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0METROPOLITAN OPERA ASSOCIATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0462000
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/BoardDesignatedBalanceEOYPct00.74830
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0294054
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt048990663
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0443348
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt046990552
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1687405
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0462000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0213605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt045516605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0202500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt048990663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05035296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01550133
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0199886
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt044357969
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0733434
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt045516605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01464088
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0839000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0163380
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt043675681
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05893
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt044357969
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01538775
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0699000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0275310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt042547339
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0335884
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt043675681
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01909768
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0842000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07155014
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GLOBAL EQUITY LIMITED LIABILITY COMPANY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.25170
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF ENDOWMENT FUND IS TO SUPPORT THE ACTIVITIES OF THE METROPOLITAN OPERA ASSOCIATION, INC., A 501(C)(3) ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt07155014
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt07155014
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/SubtotalSpentAmt07155014
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EXPENDITURES ARE REPORTED AT FAIR MARKET VALUE, IN AGREEMENT, WITH THE ANNUAL AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART 1, LINE 3, COLUMN (F):
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt07155014
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0462000
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/TotalAssetsBOYAmt049288625
IRS990/TotalAssetsEOYAmt047090552
IRS990/TotalAssetsGrp/BOYAmt049288625
IRS990/TotalAssetsGrp/EOYAmt047090552
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0245386
IRS990/TotalEmployeeCnt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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