2019-05-15T17:40:23-05:00 2018-06-30 222428965 CITRIN COOPERMAN & CO LLP 529 FIFTH AVENUE NEW YORK NY 100174683 990 2017-07-01 132974347 NEW YORK CITY OPERA NEWY 6469811888 1700 BROADWAY 39TH FL NEW YORK NY 10019 MICHAEL CAPASSO GENERAL DIRECTOR 6469811888 2019-05-15 1 JOSEPH J BARRECA P00310073 2126971000 2019-05-15 38.86.171.103 2019-05-15 16:28:37 ED P 3E5FD856937928FD94CA155B100EAAD663AC8530 389CF529E4123B35E62565E4748E0AB964C29CE0 2017 2019-02-21 02:37:17Z X MICHAEL CAPASSO 1700 BROADWAY 39TH FL NEW YORK NY 10019 11992329 0 X WWW.NYCOPERA.COM X 1978 NY TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA. 10 8 95 0 0 0 3188407 4416715 1423307 4841331 60363 16760 855509 975594 5527586 10250400 0 0 0 0 1813928 1862667 0 0 342770 8241120 6524313 10055048 8386980 -4527462 1863420 5921086 4990381 5696737 2949390 224349 2040991 X NEW YORK CITY OPERA WAS FAMOUSLY DUBBED "THE PEOPLE'S OPERA" BY MAYOR FIORELLO LAGUARDIA AT ITS FOUNDING IN 1943. MORE THAN 70 YEARS LATER, CITY OPERA CONTINUES ITS HISTORIC MISSION TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA, NURTURE THE WORK OF PROMISING AMERICAN ARTISTS, AND BUILD NEW AUDIENCES THROUGH AFFORDABLE TICKET PRICES AND EXTENSIVE OUTREACH AND EDUCATION PROGRAMS. 0 0 6978157 1042932 CITY OPERA'S CURRENT ADMINISTRATION UTILIZES A UNIQUE, ENTREPRENEURIAL BUSINESS MODEL BY CREATING ARTISTIC AND OPERATIONAL PARTNERSHIPS, FORGING STRONG RELATIONSHIPS WITH UNIONS AND VENUES, AND ENGAGING BOTH NEW AND TRADITIONAL AUDIENCES. CONTINUING ITS HISTORIC COMMITMENT TO EDUCATIONAL OUTREACH, THE COMPANY PROVIDES OPPORTUNITIES FOR THOUSANDS OF NEW YORK CITY SCHOOL CHILDREN TO ATTEND CITY OPERA DRESS REHEARSALS, WHERE THEY MEET CAST MEMBERS AND CREW AND LEARN ABOUT CAREERS IN THE PERFORMING ARTS. FOR MANY, THIS IS THEIR FIRST LIVE OPERA EXPERIENCE. THROUGHOUT ITS SEASON, CITY OPERA ALSO PRESENTED HOUR-LONG, FAMILY-FRIENDLY ADAPTATIONS OF CLASSIC OPERA, INTRODUCING OPERA TO THE VERY YOUNGEST AUDIENCES. RENEWING ITS TRADITION OF BRINGING OPERA TO THE WIDEST POSSIBLE AUDIENCE, CITY OPERA ALSO PRESENTED FREE OPERA PERFORMANCES IN BRYANT PARK, ENABLING THOUSANDS OF NEW YORKERS TO EXPERIENCE OPERA IN A RELAXED, FAMILIAR ENVIRONMENT. 6978157 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 230 0 1 95 1 0 0 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X MICHAEL CAPASSO 6469811888 1700 BROADWAY 39TH FL NEW YORK NY 10019 MICHAEL CAPASSO GENERAL DIRECTOR 50.00 X X 457102 0 18034 KRISTIN SAMPSON SECRETARY / TREASURER 50.00 X X 147005 0 10764 ROY NIEDERHOFFER BOARD CHAIRMAN 2.00 X 0 0 0 DIETLINDE MAAZEL MEMBER 2.00 X 0 0 0 KAREN MANDELBAUM MEMBER 2.00 X 0 0 0 DIANA LANGER-MARCUS MEMBER 2.00 X 0 0 0 MARCELLA MARTINUCCI MEMBER 2.00 X 0 0 0 DAVID MONK MEMBER 2.00 X 0 0 0 JENNY NIEDERHOFFER MEMBER 2.00 X 0 0 0 MARA PRUZANSKI MEMBER 2.00 X 0 0 0 604107 0 28798 3 0 1 0 GEMINI MUSIC PRODUCTIONS LTD 2 IROQUOIS AVE PALISADES NY 10964 HIRING OF MUSICIANS 654262 1 4416715 37084 4416715 PROGRAM INCOME 711110 3805666 3805666 TICKET SALE 711110 1035665 1035665 4841331 113982 113982 1644707 1741929 -97222 -97222 -97222 975594 0 975594 975594 10250400 5816925 0 16760 1532820 1136548 276084 120188 9617 7131 1732 754 136465 101186 24579 10700 183765 136257 33099 14409 156072 156072 126600 126600 317359 129908 119275 68176 384111 284809 69184 30118 43430 32202 7822 3406 22589 16749 4069 1771 213055 157975 38374 16706 33449 33449 PRODUCTION COSTS 4228971 4228971 FACILITY & EQUIPMENT 745315 552633 134242 58440 MISCELLANEOUS COSTS 230301 170727 41472 18102 UNIONS DUES 23061 23061 8386980 6978157 1066053 342770 174619 119472 943964 166278 73000 73000 162515 160425 1058071 329706 823264 728365 3441402 3490411 302322 252430 5921086 4990381 712429 705543 57030 49059 100000 1263115 4827278 931673 5696737 2949390 X -4533112 -2716470 0 0 4757461 4757461 224349 2040991 5921086 4990381 1863420 -46778 0 X X 0 1 X 1 0 X 2735167 209853 6631713 3188407 4416715 17181855 1928207 860174 536022 2278816 5824192 11427411 4663374 1070027 7167735 5467223 10240907 28609266 530788 1464100 1994888 0 530788 1464100 1994888 26614378 133814 135338 78401 154346 113982 615881 133814 135338 78401 154346 113982 615881 31029 2509 33538 4828217 1207874 7246136 5621569 10354889 29258685 0.90960 0.77540 0.02100 0.02090 X 4757461 257647 1563858 3451250 4757461 4757461 4594799 162662 4757461 4555365 39434 4594799 4230215 355913 30763 4555365 1.00000 0 0 23345 23345 1034726 329706 705020 728365 SECURITY DEPOSITS 252430 252430 PENSION ACCRUAL 232340 NOTES TO GENERAL UNSECURED CREDITORS 600322 ADMINISTRATIVE, PRIORITY AND OTHER CLAIMS 99011 931673 X 10297178 46778 46778 10250400 0 10250400 8386980 0 8386980 0 8386980 PART V, LINE 4: NYCO'S ENDOWMENT CONSISTS OF PERMANENTLY RESTRICTED FUNDS THAT PROVIDE A FUNDING STREAM FOR THE NYCO'S PROGRAMS. PART X, LINE 2: NYCO IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FROM STATE INCOME TAXES. NYCO RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE, NYCO ASSESSES THE LIKELIHOOD, BASED ON ITS TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. MANAGEMENT EVALUATED NYCO'S TAX POSITIONS AND CONCLUDED THAT NYCO HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 MICHAEL CAPASSO GENERAL DIRECTOR 367102 0 0 0 90000 0 0 0 18034 0 475136 0 0 0 KRISTIN SAMPSON SECRETARY / TREASURER 147005 0 0 0 0 0 0 0 10764 0 157769 0 0 0 PART II, LINE (1)(II), COLUMN (III) MONTHLY RENT PAID TO M. CAPASSO FOR WAREHOUSE SPACE (PERSONALLY OWNED BY M. CAPASSO) IN CALENDAR 2017. ROY NIEDERHOFFER BOARD CHAIRMAN ORGANIZATION EXPENSES X 550000 1263115 0 1 1 1263115 X 2 37084 FMV OF SECURITY 0 0 0 PART I, COLUMN (B): INDICATES THE NUMBER OF CONTRIBUTORS THAT DONATED NONCASH ITEMS DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 2 ROY NIEDERHOFFER, BOARD CHAIRMAN AND JENNY NIEDERHOFFER, MEMBER HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY MANAGEMENT WITH THE ACCOUNTANTS. THE ENTIRE FORM 990 WITH ALL SCHEDULES IS E-MAILED IN PDF FORMAT TO EVERY VOTING BOARD MEMBER PRIOR TO SUBMITTING THE FORM TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS. COVERED PERSONS ARE REQUIRED TO DISCLOSE ANNUALLY ANY ACTUAL AND POTENTIAL CONFLICTS TO THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE ENTIRE BOARD FOR REVIEW AND DETERMINATION OF WHETHER ANY ACTUAL CONFLICT EXISTS AND THE APPROPRIATE ACTION TO BE TAKEN. ANY BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST IS TO RECUSE ONESELF FROM PARTICIPATING IN THE DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S PERSONNEL COMMITTEE CHAIRED BY THE TREASURER IS RESPONSIBLE FOR REVIEWING AND APPROVING THE GENERAL DIRECTOR'S ANNUAL COMPENSATION. THE PERSONNEL COMMITTEE REVIEWS COMPARABLE DATA OF SIMILAR TYPES OF ORGANIZATIONS WITHIN THE SAME GEOGRAPHIC AREA TO DETERMINE THE COMPENSATION OF THE GENERAL DIRECTOR. THE PERSONNEL COMMITTEE COMMUNICATES ITS CONCLUSIONS REACHED ON THE GENERAL DIRECTOR'S COMPENSATION TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORMS 990 AND 1023 ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.