2017-06-09T08:43:09-05:00 2016-07-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2015-08-01 131624087 Metropolitan Opera Association Inc METR 2127993100 30 Lincoln Center New York NY 100236980 Diana Fortuna CFO 2127993100 2017-06-09 1 DEVIN L DUNCAN P01249521 2127589700 2015 2021-01-29 14:40:06Z Peter Gelb 30 Lincoln Center New York NY 100236980 398911670 0 X www.metopera.org X 1883 NY Performance of Opera to the Public. 45 45 4413 750 1119303 -32883 177960002 123487336 135408516 130386693 15837217 9605674 6134856 4122298 335340591 267602001 626451 711080 0 0 243208272 227607393 68799 30355 11246174 65233361 64057634 309136883 292406462 26203708 -24804461 465382867 412671564 295857413 318642763 169525454 94028801 X Performance of opera to the public. 0 0 219412650 91653424 Preparation and presentation of opera performance at the Metropolitan Opera House as well as symphonic repertory at Carnegie Hall. Also includes outdoor presentation of concerts throughout parks in New York City. Parks concerts are presented to the public at no charge. The attendance of these performances is more than eight-hundred thousand people per season. 27659453 30293351 Media presentation of opera performances. Live performances broadcast in high definition to movie theaters throughout the world. Domestic and international live audio transmissions of performances on radio and the Met's website. Past performances broadcast on television, radio stations and the internet globally. Media presentations reached an audience of approximately Twelve million. 7726071 7121436 Presentation of events other than opera where the Association either presents or co-presents the event or licenses the opera house to third-parties. The attendance at these events, principally ballet, was approximately 196,000 people per year. 5858866 711080 3563984 OTHER PROGRAM ACTIVITIES INCLUDING MERCHANDISING, DEVELOPMENT OF YOUNG ARTISTS THROUGH THE LINDERMANN YOUNG ARTIST DEVELOPMENT PROGRAM, AND THE NATIONAL COUNCIL AUDITION COMPETITION AND CONCERT. 5858866 711080 3563984 260657040 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 650 2 1 4413 1 1 1 0 0 0 0 1 1 0 0 0 0 X 45 45 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN VA WV WI UT X X Diana Fortuna 2127993100 30 Lincoln Center New York NY 100236980 X Veronica Atkins Managing Director 1.00 X 0 0 0 Mercedes T Bass Vice Chairman 1.00 X X 0 0 0 Frank A Bennack Jr Managing Director 1.00 X 0 0 0 Susan S Braddock Managing Director 1.00 X 0 0 0 Alexa Bator Chae Managing Director 1.00 X 0 0 0 Betsy Cohen Treasurer 1.00 X X 0 0 0 Leonard S Coleman Jr Managing Director 1.00 X 0 0 0 Judith-Ann Corrente President and CEO 1.00 1.00 X X 0 0 0 Rena De Sisto Managing Director 1.00 X 0 0 0 Jerry del Missier Managing Director 1.00 X 0 0 0 Jacqueline Desmarais Managing Director 1.00 X 0 0 0 Misook Doolittle Managing Director 1.00 X 0 0 0 Elizabeth M Eveillard Managing Director 1.00 X 0 0 0 Stephanie T Foster Managing Director 1.00 X 0 0 0 Marina Kellen French Managing Director 1.00 X 0 0 0 Joan Granlund Managing Director 1.00 X 0 0 0 Eugene P Grisanti Managing Director 1.00 X 0 0 0 Beth A Grosshans Managing Director FROM 11/19/15 1.00 X 0 0 0 Ekkehart Hassels-Weiler Managing Director 1.00 X 0 0 0 Rolf Heitmeyer Managing Director 1.00 X 0 0 0 Marlene Hess Managing Director 1.00 X 0 0 0 HMAgnes Hsu-TangPhD Managing Director 1.00 X 0 0 0 Christine F Hunter Managing Director/Honorary Chairman 1.00 1.00 X X 0 0 0 Frederick Iseman Managing Director 1.00 X 0 0 0 James W Kinnear Managing Director/Honorary Chairman 1.00 1.00 X X 0 0 0 Bruce Kovner Managing Director 1.00 X 0 0 0 Camille D LaBarre Managing Director 1.00 X 0 0 0 Marjorie G Laughery Honorary Director from 6/2/16 1.00 X X 0 0 0 Harry T Lee Managing Director 1.00 X 0 0 0 Jeanette Lerman-Neubauer Secretary 1.00 X X 0 0 0 Frayda B Lindemann Vice President 1.00 1.00 X X 0 0 0 Dafna Meitar-Nechmad Managing Director 1.00 X 0 0 0 Kathryn A Miller Managing Director 1.00 X 0 0 0 William R Miller Managing Director 1.00 X 0 0 0 William C Morris Chairman of the Executive Committee 1.00 1.00 X X 0 0 0 Elena A Prokupets Managing Director 1.00 X 0 0 0 Sana H Sabbagh Managing Director from 3/10/16 1.00 X 0 0 0 Laura J Sloate Managing Director 1.00 X 0 0 0 Howard Solomon Managing Director 1.00 X 0 0 0 Marc I Stern Managing Director 1.00 X 0 0 0 Hon David A Straz Jr Managing Director 1.00 X 0 0 0 Amb Nicholas F Taubman Managing Director 1.00 X 0 0 0 Douglas Dockery Thomas Managing Director 1.00 X 0 0 0 Robert I Toll Managing Director 1.00 X 0 0 0 Robert L Turner Managing Director 1.00 X 0 0 0 Ann Ziff Chairman 1.00 1.00 X X 0 0 0 Peter Gelb General Manager 60.00 X 1449971 0 450861 Diana Fortuna Deputy GM/CFO/Asst Treasurer 60.00 X 352901 0 56951 Henry A Lanman General Counsel/Asst Secretary 60.00 X 297385 0 44252 Coralie Toevs Asst Gen Mgr, Development 60.00 X 349513 0 39721 John Sellars Asst Gen Mgr, Production 60.00 X 349734 0 45410 Donald Palumbo Chorus master 60.00 X 479837 0 69688 Philip Volpe Elc dpt hd/Master electrician 60.00 X 358317 0 100617 stephen diaz dpt hd/master carpenter 60.00 X 328462 0 101903 david chan concert master 60.00 X 373333 0 49216 Robert Sirinek Orchestra Manager 60.00 X 336052 0 39963 4675505 0 998582 557 0 1 0 serino coyne inc 1515 Broadway New York NY 10036 Advertising 2115590 All Mobile Video Inc 221 W 26th Street New York NY 10001 Video/Audio 2054248 Phramus Inc 106 Seventh Avenue 8 New York NY 10011 Music Director 1827615 Laplaca Cohen 43 w 24th street 10th Floor New York NY 10010 advertising 1729926 Daybreak Fast Freight Inc 500 Avenue P Newark NJ 07105 Shipping 1534007 142 25525 9657835 2176000 465000 111162976 4652745 123487336 Performances 711110 91653424 91653424 Media Broadcasts 711110 30293351 30293351 Other Presentations 711110 7875290 7121436 753854 YADP/NatlCnclCncrt/Other 711110 564628 440733 123895 130386693 3565182 -2804 3567986 784245 784245 133691335 127650843 6040492 6040492 6040492 430800 9657835 1853645 -1422845 -1422845 4040889 1805181 2235708 1991350 244358 Concessions 900099 1343570 1343570 OTHER 900099 1131901 1131901 List Rental 900004 49719 49719 2525190 267602001 132632195 1119303 10363167 590230 590230 120850 120850 3412985 397259 2628660 387066 155856555 146315053 5037438 4504064 22357949 20771500 826814 759635 34123377 32086728 847266 1189383 11856527 10981958 461241 413328 1306320 501783 796467 8070 209403 209403 30355 30355 851293 851293 4551897 4213707 292673 45517 6354308 5934858 419450 7861709 5260370 559718 2041621 2138562 370364 1743043 25155 1252701 1252701 5683152 5619278 63874 3672156 3479170 169469 23517 4333548 3674 4329874 5031233 4755951 275282 1519461 1320793 198668 Production Equip,Matls, 7178505 7160423 18082 TV&Radio Prod & Transmi 4789601 4789601 Trucking & Storage 3928518 3915141 13377 Miscellaneous 3395267 815648 1212065 1367554 292406462 260657040 20503248 11246174 4589951 4187418 99376103 89664240 4517273 3702273 996464 1123332 16955743 15601055 126831580 75107431 51094006 51724149 195260740 151525668 71436204 75796534 21156383 19346895 465382867 412671564 25948386 23942181 47800648 46608496 17000000 9000000 97895000 94915149 107213379 144176937 295857413 318642763 X -173636093 -213183248 130145058 92521594 213016489 214690455 169525454 94028801 465382867 412671564 X -24804461 -14295312 -36396880 X 0 1 X 1 0 X 136997727 153667307 129344874 177960002 123487336 721457246 136997727 153667307 129344874 177960002 123487336 721457246 14710147 706747099 2870831 3923901 4754898 3675138 4349427 19574195 59316 6111 22936 0 0 88363 1869218 2265459 2129185 4915443 2525190 13704495 754824299 693255810 0.93630 0.93820 X Schedule A, Part II, Line 10, Explanation of Other Income: List Rental - 2011 Amount: $ 47,865. 2012 Amount: $ 60,757. 2013 Amount: $ 44,347. 2014 Amount: $ 18,776. 2015 Amount: $ 49,719. Other - 2011 Amount: $ 630,944. 2012 Amount: $ 896,137. 2013 Amount: $ 865,583. 2014 Amount: $ 3,507,001. 2015 Amount: $ 1,131,901. Concessions - 2011 Amount: $ 1,190,409. 2012 Amount: $ 1,308,565. 2013 Amount: $ 1,219,255. 2014 Amount: $ 1,389,666. 2015 Amount: $ 1,343,570. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225475835 6080645 -4593066 158997 13551003 829400 212424014 223373209 400223 15847925 151267 13176733 817522 225475835 212000006 350000 22740449 52110 11023890 641246 223373209 184884339 818633 34438995 51945 7063921 1026095 212000006 190383894 409660 2488922 7882579 515558 184884339 1.00000 0 1 1 91667 91667 1773169 1773169 0 27752547 14468846 13283701 68609695 37384262 31225433 28604502 21481154 7123348 51724149 MULTI-STRATEGY HEDGE FUND 12372277 F DISTRESSED HEDGE FUND 12897365 F GLBL EX-US EQTY BUS TRST 8728648 F PRIVATE EQUITY 1902407 F GLOBAL EQUITY LTD PSHIP 24396637 F INFL SENSITIVE COMN TRST 5706556 F Global EQUITY LLC 9792644 F 75796534 Supplemental Liability 3431178 SPLIT-INTEREST LIABILITIES 3090361 FIN 47 Accrued Expenses 400000 Workers Compensation Liability 8104740 Unfunded Accum. Benefit Obligation 125156453 Accrued Bond Interest Payable 1294421 Medical Claims Accrual 1045000 Other Liabilities 1654784 144176937 X Part V, Line 4: THE FUNDS SUPPORT OPERATING AND OTHER ACTIVITIES IN ACCORDANCE WITH DONOR RESTRICTIONS. Part X, Line 2: The Met is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Impresario, LLC is considered a disregarded entity for tax purposes. Management believes that the Met will continue to be exempt from taxes and that the Met has taken no significant uncertain tax positions. 1 Central America / Carribbean 0 0 Investments investments 30042931 east asia and the pacific 0 0 Program Services HD Movies Europe 0 0 Program Services HD Movies central america / Carribbean 0 0 program services hd movies middle east and north africa 0 0 program services hd movies north america 0 0 program services hd movies russia/independent states 0 0 program services hd movies south america 0 0 program services hd movies Sub-saharan africa 0 0 program services hd movies east asia and the pacific 0 1 Program services Consulting 43974 Europe 0 2 program services consulting 149899 EUROPE 0 1 FUNDRAISING FUNDRAISING East Asia & The Pacific 0 0 Program services Awards 51300 North america 0 0 program services awards 36800 europe 0 0 program services awards 32000 Sub-Saharan 0 0 program services Awards 750 0 0 0 4 0 4 30042931 314723 30357654 Education fund awards East Asia & The Pacific 2 7500 Check 0 Education fund awards North America 1 3000 Check 0 National Council Winner awards East Asia & The pacific 1 15000 check 0 national council winner awards Europe 1 15000 check 0 National council winner awards north america 1 15000 check 0 national council regional awards east asia & the pacific 14 24700 check 0 national council regional awards europe 7 12900 check 0 national council regional awards north america 17 18000 check 0 national council regional awards sub-saharan 1 750 check 0 national council semi-final awards east asia & the pacific 1 2500 check 0 national council semi-final awards europe 1 2500 check 0 Mrs. Edgar Tobin Awards east asia & the pacific 2 1600 check 0 Mrs. edgar tobin awards Europe 2 1600 check 0 mrs. edgar tobin awards north america 1 800 check 0 1 0 1 1 1 1 Part I, Line 2: NATIONAL COUNCIL WINNER AWARDS: CASH PRIZES IN THE AMOUNT OF $15,000 EACH, AWARDED TO THE NATIONAL WINNERS OF THE MET'S NATIONAL COUNCIL AUDITIONS COMPETITION. NATIONAL COUNCIL SEMI-FINALIST AWARDS: CASH PRIZES IN THE AMOUNT OF $2,500 EACH, AWARDED TO CONTESTANTS IN THE MET'S NATIONAL COUNCIL AUDITIONS COMPETITION WHO ADVANCE TO THE SEMI-FINAL ROUND BUT NOT FURTHER. MRS. EDGAR TOBIN AWARDS: CASH PRIZES IN THE AMOUNT OF $800 EACH, AWARDED TO CONTESTANTS IN THE MET'S NATIONAL COUNCIL AUDITIONS COMPETITION WHO WIN FIRST PLACE AT THE REGION LEVEL, THEREBY ADVANCING TO THE SEMI-FINAL ROUND; THE TOBIN ENDOWMENT OF SAN ANTONIO, TX PROVIDES THE MET FUNDING FOR THESE CASH PRIZES EACH SEASON. NATIONAL COUNCIL REGIONAL AWARDS: CASH PRIZES OF VARIOUS AMOUNTS AWARDED TO REGIONAL CONTESTANTS. EDUCATION FUND AWARDS: GRANTS OF UP TO $5,000 EACH, AWARDED TO CONTESTANTS IN THE MET'S NATIONAL COUNCIL AUDITIONS COMPETITION WHO REACH THE SEMI-FINAL ROUND OR FURTHER AND DEMONSTRATE IMPROVED SKILLS IN A FOLLOW-UP AUDITION; EACH ELIGIBLE CONTESTANT MAY BE GRANTED A TOTAL OF UP TO $5,000 UPON MULTIPLE HEARINGS WITHIN THREE YEARS FROM WHEN THE CONTESTANT COMPETED IN THE NATIONAL COUNCIL AUDITIONS SEMI-FINALS. X X X X X X X 1 COMMUNITY COUNSELING SERVICE CO LL 461 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10017 Cultivate 0 0 30000 -30000 30000 -30000 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC OPENING NIGHT GALA 5059209 4857909 201300 474865 235143 118932 29984 ON-STAGE DINNER 2398503 2309103 89400 55477 67691 93407 287598 4 2630923 2490823 140100 91513 204207 18636 176192 10088635 9657835 430800 621855 507041 230975 493774 1853645 -1422845 Schedule G, Part I, Line 2b, Column (v) CCS provided the Met with fundraising counsel services related to a campaign. DUE TO THE NATURE OF THEIR SERVICES IT IS NOT FEASIBLE TO TRACK RECEIPTS RELATED TO THIS FUND RAISING CONSULTANT. AS SUCH THE MET IS UNABLE TO REASONABLY DETERMINE THE GROSS RECEIPTS FROM THE FUNDRAISING ACTIVITIES WHICH ARE SOLELY ATTRIBUTABLE TO THESE ADVISORS. The organization engages one individual in Europe to cultivate and recruit donors to the organization who was paid less than $5,000 and is therefore not listed on this schedule. 1 National Council Winner Awards 2 30000 Nat'l Council Finalist Awards 4 20000 National Council Semi-Final Awards 12 30000 Mrs. Edgar Tobin Awards 18 14400 National Council Regional Awards 340 376830 Education Fund Awards 22 58000 National Council Endowment Awards 1 1000 Beverly Sills Artist Award 1 50000 Hildegard Behrens Award 1 10000 Part I, Line 2: National Council Winner Awards: Cash prizes in the amount of $15,000 each, awarded to the national winners of the Met's National Council Auditions competition. National Council Finalist Awards: Cash prizes in the amount of $5,000 each, awarded to contestants in the Met's National Council Auditions competition who advance to the final round but are not named winners. National Council Semi-Finalist Awards: Cash prizes in the amount of $2,500 each, awarded to contestants in the Met's National Council Auditions competition who advance to the semi-final round but not further. Mrs. Edgar Tobin Awards: Cash prizes in the amount of $800 each, awarded to contestants in the Met's National Council Auditions competition who win first place at the region level, thereby advancing to the semi-final round; the Tobin Endowment of San Antonio, TX provides the Met funding for these cash prizes each season. National Council Regional Awards: Cash prizes of various amounts awarded to regional contestants. Education Fund Awards: Grants of up to $5,000 each, awarded to contestants in the Met's National Council Auditions competition who reach the semi-final round or further and demonstrate improved skills in a follow-up audition; each eligible contestant may be granted a total of up to $5,000 upon multiple hearings within three years from when the contestant competed in the National Council Auditions Semi-Finals. National Council Endowment Awards: Endowment funds designated to assist with prize money at the region level of the Met's National Council Auditions competition. Beverly Sills Artist Award: An award up to a maximum of $50,000 is given to a recipient who must be selected from the Met's roster during the current or forthcoming opera season, who are citizens of the United States and between the ages of 25 and 40. Hildegard Behrens Award: The recipient of the Hildegard Behrens prize is selected by the administration of the Lindemann Young Artist Development Program who looks for gifted singers, keeping in mind the artistic ideals that Miss Behrens exemplified in her extraordinary career. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Peter Gelb General Manager 1390073 0 0 0 59898 0 412523 0 38338 0 1900832 0 0 0 Diana Fortuna Deputy GM/CFO/Asst Treasurer 351326 0 0 0 1575 0 15697 0 41254 0 409852 0 0 0 Henry A Lanman General Counsel/Asst Secretary 296935 0 0 0 450 0 7145 0 37107 0 341637 0 0 0 Coralie Toevs Asst Gen Mgr, Development 345002 0 0 0 4511 0 22812 0 16909 0 389234 0 0 0 John Sellars Asst Gen Mgr, Production 348186 0 0 0 1548 0 7398 0 38012 0 395144 0 0 0 Donald Palumbo Chorus master 474400 0 0 0 5437 0 33413 0 36275 0 549525 0 0 0 Philip Volpe Elc dpt hd/Master electrician 358047 0 0 0 270 0 62066 0 38551 0 458934 0 0 0 stephen diaz dpt hd/master carpenter 327182 0 0 0 1280 0 61712 0 40191 0 430365 0 0 0 david chan concert master 373153 0 0 0 180 0 6629 0 42587 0 422549 0 0 0 Robert Sirinek Orchestra Manager 332273 0 0 0 3779 0 0 0 39963 0 376015 0 0 0 Part I, Line 1a The amount reported in Schedule J, Part II, box (B)iii for the General Manager includes taxable income in relation to the car and driver and life insurance he is provided. Some of his business travel is via first-class airfare, consistent with Board policy. As this travel is business related, it is not taxable compensation. Part I, Line 4b The amount reported for the General Manager on Schedule J, Part ii, Line 1, Column C, includes a twelve-month accrual as of December 31, 2015 of $391,536 with respect to a non-vested, non-qualified deferred compensation arrangement of a type similar to the retirement arrangement for the prior General Manager. The non-vested plan, initiated on July 31, 2012, was fully funded by a donor gift. The General Manager has not received these funds. X 145 4644745 FMV X 3 8000 appraisal 1 0 1 0 Form 990, Part VI, Section A, line 1 THERE ARE NO DIFFERENCES OF CLASS AMONG MEMBERS. Form 990, Part VI, Section A, line 2 Bruce Kovner and Frederick Iseman - Business Relationship Form 990, Part VI, Section A, line 6 Members have the right to elect the governing body of the organization, and all members have an equal vote in such election. Form 990, Part VI, Section A, line 7a Metropolitan Opera Association, Inc. was incorporated in 1932 under the Membership Corporation law of NY. Its members elect the Board of Directors at the annual meeting. Form 990, Part VI, Section B, line 11 THE FORM 990 WAS PREPARED BY MANAGEMENT. IT WAS REVIEWED BY MANAGEMENT AND EXTERNAL TAX ADVISORS. THE FORM 990 - COMPLETE WITH ALL REQUIRED SCHEDULES INCLUDING SCHEDULE B - WAS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR ITS APPROVAL, WHICH WAS GIVEN. PRIOR TO FILING, THE FORM 990 WAS THEN MADE AVAILABLE TO THE FULL BOARD BY A SECURE WEBSITE, WITH THE EXCEPTION OF SCHEDULE B, IN ORDER TO RESPECT THE WISHES OF DONORS WHO WANT TO REMAIN ANONYMOUS. Form 990, Part VI, Section B, line 12c Conflict of interest disclosure forms are completed annually by Managing Directors, Officers and Key Employees and provided to and reviewed by the office of the General Counsel. Any interested person may not participate in the deliberation, decision, or vote regarding the contract or other transactions. Form 990, Part VI, Section B, line 15 The Compensation Committee, consisting of five independent Managing Directors, must assess and approve compensation of officers and key employees. A compensation consultant is hired and comparisons of compensation at peer organizations are analyzed. The process of deliberation is contemporaneously documented. The process was last undertaken in FY16. Form 990, Part VI, Section C, line 19 The Form 990 and the audited financial statements are made available to the general public upon request. BOARD MEMBERS IN COMMON WITH THE TRUST Judith-Ann Corrente Christine F. Hunter James W. Kinnear Frayda B. Lindemann William C. Morris Ann Ziff Form 990, Part XI, line 9: CHANGE IN SPLIT INTEREST -1,729,496. PENSION PLAN CHANGES OTHER THAN NET PERIODIC COST -34,667,384. Impresario LLC 30 Lincoln Center New York NY 10023 043600565 Royalties from Ticketing System NY 481442 12650 Metropolitan Opera Association Inc Met Opera Endowment TrustCentennial Fund 30 Lincoln Center New York NY 10023 136071129 Supports the activities of Metropolitan Opera Association, Inc. NY 501(c)(3) 11a Metropolitan Opera Association Inc 1 Charitable Remainder Trusts (16) 30 Lincoln Center New York NY 10023 Charitable Remainder Trusts NY N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 Met Opera Endowment Trust Centennial Fund C 2176000 Cash Met Opera Endowment Trust Centennial Fund E 3225076 FMV Sharing of paid employees and facilities with related organization(s) Part V, Line 1N & 1O Certain employees of Metropolitan opera association, Inc. perform administrative duties for metropolitan opera endowment trust/centennial fund.