Civic Intelligence

Metropolitan Opera Endowment Trustcentennial Fund Endowment Trust

990 • Fiscal year 2023 • EIN 13-6071129

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 11, 2024

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

5th percentile

0.00x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

10th percentile

0.05x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

1st percentile

-260%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

7th percentile

$30,000

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

18th percentile

-2.4%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-6.7%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$45,937,417

Down $1,153,135 (-2.4%) from 2022

Net Assets

Down

$45,881,368

Down $1,173,133 (-2.5%) from 2022

Liabilities

Up

$56,049

Up $19,998 (+55%) from 2022

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin1st percentile

Revenue

Down

$1,227,455

Down $87,637 (-6.7%) from 2022

Expenses

Up

$4,416,282

Up $3,732,607 (+546%) from 2022

Net Income

Down

-$3,188,827

Down $3,820,244 (-605%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2023

Assets$45,937,417
Liabilities$56,049
Net Assets$45,881,368
Open 2023 Filing

Operations Trend

Revenue Growth28th 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

2023

Revenue$1,227,455
Expenses$4,416,282
Net Income-$3,188,827
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 11, 2024
Return Version
2022v5.0
Gross Receipts
$60,446,479
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$39,835,538$37,925,311▼ $1,910,227
Investments Other Securities$7,155,014$8,012,106▲ $857,092
Pledges and Grants Receivable$100,000$0▼ $100,000
Total Assets$47,090,552$45,937,417▼ $1,153,135
Liabilities
Accounts Payable and Accrued Expenses$36,051$56,049▲ $19,998
Total Liabilities$36,051$56,049▲ $19,998
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,716,946$31,432,396▼ $1,284,550
Net Assets Without Donor Restrictions$14,337,555$14,448,972▲ $111,417
Total Net Assets Fund Balance$47,054,501$45,881,368▼ $1,173,133
Total Liabilities and Net Assets / Fund Balance$47,090,552$45,937,417▼ $1,153,135

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$8,012,106--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$46,990,552$1,893,043▲ $1,450,106$4,268,000$45,937,417
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
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleBaseTotal
Dr Frayda Lindemannto 52523Trustee$30,000$30,000

Board Members and Trustees

NameTitle
Jim Berger Fr 32323Chairman
C Graham Berwind Iiifr 71423Vice Chair
Tod Johnson Fr 71423Vice Chair
Ann ZiffCommittee Member
James W KinnearCommittee Member
-Secretary
Sharon Urban to 11122Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Partners Capital Investment Group LLPInvestment Management600 ATLANTIC AVENUE, Boston, MA 02210$139,379
Revenue and Support

Revenue Composition

Contributions and Grants
$1,793,043
Program Service Revenue
$0
Investment Income
$-565,588
Other Revenue
$0
All Other Contributions
$1,793,043
Change in Net Assets
$-3,188,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,268,000
Other Expenses$148,282
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,268,000--$4,268,000
Fees for Service Investment Mgmnt Fees-$148,282-$148,282
Total Functional Expenses$4,268,000$148,282$0$4,416,282
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Opera Association IncNew York, NY501(c)(3)Support the Activities of the Metropolitan Opera Association, Inc.$4,268,000
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
2024-06-11
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
5

Preparer

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

Financial Statement Notes

PART X, LINE 2:

“The trust is exempt from federal 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 uncertan 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 452 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/BOYAmt036051
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt056049
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE ACTIVITIES OF THE METROPOLITAN OPERA ASSOCIATION, INC., A 501(C)(3) ORGANIZATION.
IRS990/AllOtherContributionsAmt01793043
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/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0139379
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0600 ATLANTIC AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd002210
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PARTNERS CAPITAL INVESTMENT GROUP LLP
IRS990/ContractorCompensationGrp/ServicesDesc0INVESTMENT MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01793043
IRS990/CYGrantsAndSimilarPaidAmt04268000
IRS990/CYInvestmentIncomeAmt0-565588
IRS990/CYOtherExpensesAmt0148282
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-3188827
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04416282
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01227455
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/BOYAmt032716946
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt031432396
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04268000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0148282
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0148282
IRS990/ForeignActivitiesInd00
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/BusinessNameLine1Txt0NEW YORK PRIVATE BANK & TRUST
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/OfficerInd4X
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 LINDEMANNTO 52523
IRS990/Form990PartVIISectionAGrp/PersonNm1TOD JOHNSON FR 71423
IRS990/Form990PartVIISectionAGrp/PersonNm2C GRAHAM BERWIND IIIFR 71423
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES W KINNEAR
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN ZIFF
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM BERGER FR 32323
IRS990/Form990PartVIISectionAGrp/PersonNm6SHARON URBAN TO 11122
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/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-1769192
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt04268000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt04268000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04268000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt057449832
IRS990/GrossReceiptsAmt060446479
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01203604
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01203604
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07155014
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08012106
IRS990/InvestmentsPubTradedSecGrp/BOYAmt039835538
IRS990/InvestmentsPubTradedSecGrp/EOYAmt037925311
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt059219024
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/NetAssetsOrFundBalancesBOYAmt047054501
IRS990/NetAssetsOrFundBalancesEOYAmt045881368
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1769192
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1769192
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02015694
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014337555
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014448972
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANN ZIFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0245386
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0462000
IRS990/PYInvestmentIncomeAmt01069706
IRS990/PYOtherExpensesAmt0221675
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0631417
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0683675
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01315092
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3188827
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/SupportAmt04268000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0METROPOLITAN OPERA ASSOCIATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt04268000
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/BoardDesignatedBalanceEOYPct00.77800
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0128284
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt046990552
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01893043
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt045937417
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01450106
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt04268000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0294054
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt048990663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0443348
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt046990552
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1687405
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0462000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0213605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt045516605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0202500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt048990663
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05035296
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01550133
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0199886
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt044357969
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0733434
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt045516605
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01464088
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0839000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0163380
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt043675681
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05893
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt044357969
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01538775
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0699000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08012106
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INDEPENDENT FRANCHISE PARTNERS GLOBAL EQUITY L.P.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.22200
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS EXEMPT FROM FEDERAL 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 UNCERTAN 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/TotalBookValueSecuritiesAmt08012106
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt04268000
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/TotalAssetsBOYAmt047090552
IRS990/TotalAssetsEOYAmt045937417
IRS990/TotalAssetsGrp/BOYAmt047090552
IRS990/TotalAssetsGrp/EOYAmt045937417
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01793043
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0148282
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04268000
IRS990/TotalFunctionalExpensesGrp/TotalAmt04416282
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036051
IRS990/TotalLiabilitiesEOYAmt056049
IRS990/TotalLiabilitiesGrp/BOYAmt036051
IRS990/TotalLiabilitiesGrp/EOYAmt056049
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt047054501
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045881368
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04268000
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt0-565588
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,937,417
Liabilities
$56,049
Net assets
$45,881,368
Revenue
$1,227,455
Expenses
$4,416,282
Net income
-$3,188,827
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