2016-06-13T13:03:17-05:00 2015-07-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-08-01 131624087 METROPOLITAN OPERA ASSOCIATION INC % DIANA FORTUNA METR 2127993100 30 LINCOLN CENTER NEW YORK NY 100236980 DIANA FORTUNA CFO 2127993100 2016-06-13 true KPMG LLP P01249521 2127589700 2016-06-13 2014 2016-08-17 19:52:53Z Peter Gelb 30 LINCOLN CENTER 423 NEW YORK NY 100236980 468893400 false X www.metopera.org X 1883 NY Performance of opera to the public. 44 44 4407 750 1671153 -72174 129344874 177960002 134678179 135408516 19823227 15837217 4282532 6134856 288128812 335340591 615719 626451 0 0 246303089 243208272 143442 68799 11831062 65807744 65233361 312869994 309136883 -24741182 26203708 429505785 465382867 273352876 295857413 156152909 169525454 X Performance of opera to the public. false false 232177356 94976277 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. 29146365 31778423 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 more than twelve million. 7146828 6777919 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 190,000 people per year. 5832918 626451 5824909 274303467 true true false false false false false false false true true true false false true true false true false true true false false true true false false false true true false false false false false false false false true true false false true true true true false false true 746 0 true 4407 true true true false false false false true true false false false false X 44 44 true false false false true true false true true false false false true true true true false true true false 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 UT VA WV WI X X DIANA FORTUNA 2127993100 30 LINCOLN CENTER NEW YORK NY 100236980 X VERONICA ATKINS Managing DIR FR 9/18 1.0 0.0 X 0 0 0 MERCEDES T BASS VICE CHAIRMAN 1.0 0.0 X X 0 0 0 FRANK A BENNACK JR MANAGING DIR 1.0 0.0 X 0 0 0 SUSAN S BRADDOCK MANAGING DIR 1.0 0.0 X 0 0 0 ALEXA BATOR CHAE Managing DIR FR 9/18 1.0 0.0 X 0 0 0 BETSY COHEN TREASURER 1.0 0.0 X X 0 0 0 LEONARD S COLEMAN JR MANAGING DIR 1.0 0.0 X 0 0 0 JUDITH-ANN CORRENTE PRESident FR 5/14 1.0 1.0 X X 0 0 0 RENA DE SISTO MANAGING DIR 1.0 0.0 X 0 0 0 JERRY DEL MISSIER MANAGING DIR 1.0 0.0 X 0 0 0 JACQUELINE DESMARAIS MANAGING DIR 1.0 0.0 X 0 0 0 MISOOK DOOLITTLE MANAGING DIR 1.0 0.0 X 0 0 0 STEPHANIE T FOSTER MANAGING DIR 1.0 0.0 X 0 0 0 MARINA KELLEN FRENCH MANAGING DIR 1.0 0.0 X 0 0 0 JOAN GRANLUND MANAGING DIR 1.0 0.0 X 0 0 0 EUGENE P GRISANTI MANAGING DIR 1.0 0.0 X 0 0 0 EKKEHART HASSELS-WEILER MANAGING DIR 1.0 0.0 X 0 0 0 ROLF HEITMEYER MANAGING DIR 1.0 0.0 X 0 0 0 MARLENE HESS MANAGING DIR 1.0 0.0 X 0 0 0 AGNES HSU-TANG PH D MANAGING DIR 1.0 0.0 X 0 0 0 CHRISTINE F HUNTER MG DIR HON CHRM 1.0 1.0 X X 0 0 0 FREDERICK ISEMAN MANAGING DIR 1.0 0.0 X 0 0 0 JOHN J NOFFO KAHN Managing DIR TO 2/26 1.0 0.0 X 0 0 0 KEVIN W KENNEDY MG DIR HON CHRM 1.0 1.0 X X 0 0 0 JAMES W KINNEAR MG DIR HON CHRM 1.0 1.0 X X 0 0 0 BRUCE KOVNER MANAGING 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GIFT ANNUITANTS 2614365 SUPPLEMENTAL LIABILITY 3318340 UNFUNDED ACCUM. BENEFIT OBLIGATION 88243203 WORKERS COMPENSATION LIABILITY 7751548 107213379 X PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND THE MET'S BOARD OF MANAGING DIRECTORS DETERMINES AN AMOUNT FROM THE AVAILABLE ENDOWMENT FUNDS TO SPEND EACH YEAR ON OPERATIONS SUPPORTING ALL PROGRAM ACTIVITIES. PART X - FIN 48 FOOTNOTE 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. East Asia and the Pacific 1 Program Services Consulting 42496 Europe (Including Iceland and Greenland) 2 Program Services Artistic CONSULTING 151802 Europe (Including Iceland and Greenland) 3 Fundraising Fundraising 45997 Central America and the Caribbean Investments Investments 23431879 East Asia and the Pacific Program Services HD Movies 0 Europe (Including Iceland and Greenland) Program Services HD Movies 0 Central America and the Caribbean Program Services HD Movies 0 Middle East and North Africa Program Services HD Movies 0 North America Program Services HD Movies 0 Russia and the Newly Independent States Program Services HD Movies 0 South America Program Services HD Movies 0 Sub-Saharan Africa Program Services HD Movies 0 6 6 23672174 23672174 true false true true true false X X X X X X X true E Salis-Samaden Cultivate false 529974 65910 464064 529974 65910 464064 AL AK AZ AR CA CO CT DE DC 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 OPENING NIGHT 4592533 4393333 199200 567325 238625 35468 ON-STAGE DINNER 2319085 2255785 63300 86799 55647 10000 233222 3 2895022 2754922 140100 72920 192495 760 158840 9806640 9404040 402600 727044 486767 10760 427530 1652101 -1249501 PART I, LINE 2B - FUNDRAISER ADDITIONAL INFORMATION THE ORGANIZATION ENGAGES TWO INDIVIDUALS IN EUROPE TO CULTIVATE AND RECRUIT DONORS TO THE ORGANIZATION, ONE WAS PAID LESS THAN $5,000 AND IS THEREFORE NOT LISTED ON THIS SCHEDULE. E SALIS-SAMADEN ADDRESS: GUTSVERWALTUNG SCHLOSS ANIF, SALZACHTAL BUNDERSSTRASSE 9, A-5081 ANIF, AUSTRIA IN ADDITION TO FEES FOR FUNDRAISING SERVICES LISTED IN PART I, COLUMN (V), EXPENSES INCURRED BY THE MET IN RELATION TO MS. SALIS-SAMADEN'S ACTIVITIES INCLUDES PAYMENTS FOR SECRETARIAL SUPPORT, TRAVEL AND OTHER EXPENSES. true Nat'L Council Winner Awards 5 75000 Nat'l Council Finalist AWARDS 4 20000 Nat'l Council Semi-Final AWARDS 8 12000 Mrs. Edgar Tobin Awards 17 13600 Nat'l Council Regional AWARDS 386 389851 Education Fund Awards 19 55000 Nat'l Council Endowment AWARDS 1 1000 Beverly Sills Artist Award 1 50000 Hildegard Behrens Fnd Award 1 10000 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. 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 $1,500 EACH, AWARDED TO CONTESTANTS IN THE MET'S NATIONAL COUNCIL AUDITIONS COMPETITION WHO ADVANCE TO THE SEMI-FINAL ROUND BUT NOT FURTHER. NATIONAL COUNCIL REGIONAL AWARDS: CASH PRIZES OF VARIOUS AMOUNTS AWARDED TO REGIONAL CONTESTANTS. MRS. EDGAR TOBIN AWARD: 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. EDUCATION FUND GRANTS: 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 true true X X X X X true true false false false false false false false PETER GELB GENERAL MANAGER 1435531 0 0 0 68068 0 459974 0 33118 0 1996691 0 0 0 DIANA FORTUNA DPGM/CFO/Asst TREAs 333297 0 0 0 1502 0 14519 0 36624 0 385942 0 0 0 HENRY A LANMAN GeN CouNseL/ASST SEC 292465 0 0 0 446 0 6656 0 38165 0 337732 0 0 0 JOHN SELLARS ASST GEN MGR, TECHNICAL 349621 0 0 0 1548 0 6856 0 31668 0 389693 0 0 0 CORALIE TOEVS ASST GEN MGR, DEVELOPMENT 345002 0 0 0 4511 0 23457 0 14745 0 387715 0 0 0 DAVID CHAN CONCERT MASTER 403658 0 0 0 180 0 6185 0 37357 0 447380 0 0 0 STEPHEN DIAZ DPT HD/MaSTer CRPNTR 355125 0 0 0 789 0 62810 0 42957 0 461681 0 0 0 DONALD PALUMBO CHORUS MASTER 479007 0 0 0 5334 0 34389 0 16775 0 535505 0 0 0 PHILIP VOLPE ELC DPT HD/MaSter ELeCtric 397933 0 0 0 270 0 65459 0 44528 0 508190 0 0 0 RICHARD WAGNER ASST HEAD ELECTRIC 379107 0 0 0 270 0 64745 0 46136 0 490258 0 0 0 SHARON GRUBIN FORMER GNL CNSL/ASST SEC 0 0 0 0 420239 0 0 0 0 0 420239 0 0 0 PART 1, LINE 1A - RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS 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 4 - RECEIVED SEVERANCE, SUPPLEMENTAL NOn QUALIFIED RETIREMENT AND EQUITY-BASED COMPENSATION 4A. THE AMOUNT REPORTED FOR THE FORMER GENERAL COUNSEL ON SCHEDULE J, PART 2, LINE 11, COLUMN B WAS A SEVERANCE PAYMENT MADE DURING THE FISCAL YEAR AND REPORTED ON THE 2014 FORM W-2. 4B. THE AMOUNT REPORTED FOR THE GENERAL MANAGER ON SCHEDULE J, PART 2, LINE 1, COLUMN C, INCLUDES A TWELVE MONTH ACCRUAL AS OF DECEMBER 31, 2014 OF $440,613 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. PART III - ADDITIONAL INFORMATION IN APRIL 2014, THE GENERAL MANAGER VOLUNTARILY REDUCED HIS BASE SALARY FROM $1,550,000 TO $1,395,000. X 10 1194000 X 2 112000 X 169 19757363 false true false FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES DESCRIPTION OTHER PROGRAM ACTIVITIES INCLUDING MERCHANDISING, DEVELOPMENT OF YOUNG ARTISTS THROUGH THE LINDEMANN YOUNG ARTIST DEVELOPMENT PROGRAM, AND THE NATIONAL COUNCIL AUDITION COMPETITION AND CONCERT. FORM 990, PART VI, LINE 1A EXPLANATION OF MATERIAL DIFFERENCES OF VOTING RIGHTS THERE ARE NO DIFFERENCES OF CLASS AMONG MEMBERS FORM 990, PART VI, LINE 2 BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC. BRUCE KOVNER AND FREDERICK ISEMAN - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 6 EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER 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, LINE 7A HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING BODY THE 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, LINE 11B FORM 990 REVIEW PROCESS 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, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS 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 FINAL DELIBERATION, DECISION, OR VOTE REGARDING THE CONTRACT OR OTHER TRANSACTIONS. FORM 990, PART VI, SECTION B POLICIES, QUESTION 14 THE MANAGEMENT OF THE MET HAS ADOPTED A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY WHICH IS APPLIED TO THE ORGANIZATION AS A WHOLE. THE MET IS REQUIRED TO ANSWER NO TO QUESTION 14 AS THE POLICY WAS NOT ADOPTED BY THE BOARD AS OF THE FISCAL YEAR ENDED 7/31/15. FORM 990, PART VI, LINE 15A COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENT THE COMPENSATION COMMITTEE, CONSISTING OF FIVE INDEPENDENT MANAGING DIRECTORS, MUST ASSESS AND APPROVE COMPENSATION OF KEY EMPLOYEES. IN the CASE OF THE GENERAL MANAGER, APPROVAL OF THE FULL BOARD OF MANAGING DIRECTORS IS ALSO REQUIRED. A COMPENSATION CONSULTANT IS HIRED AND COMPARISONS OF COMPENSATION AT PEER ORGANIZATIONS ARE ANALYZED IN ALL INSTANCES. THE PROCESS OF DELIBERATION IS CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN DURING FY15. FORM 990, PART VI, LINE 15B COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES THE COMPENSATION COMMITTEE, CONSISTING OF FIVE INDEPENDENT MANAGING DIRECTORS, MUST ASSESS AND APPROVE COMPENSATION OF KEY EMPLOYEES. A COMPENSATION CONSULTANT IS HIRED AND COMPARISONS OF COMPENSATION AT PEER ORGANIZATIONS ARE ANALYZED IN ALL INSTANCES. THE PROCESS OF DELIBERATION IS CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN DURING FY15. FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VII - BOARD MEMBERS IN COMMON WITH THE TRUST JUDITH ANN CORRENTE (FROM 6/16/15) CHRISTINE F. HUNTER KEVIN W. KENNEDY (TO 6/16/15) JAMES W. KINNEAR FRAYDA B. LINDEMANN WILLIAM C. MORRIS ANN ZIFF FORM 990, PART VII - COMPENSATION EXPLANATION VERONICA ATKINS MANAGING DIRECTOR (FROM 9/18/14) ALEXA BATOR CHAE MANAGING DIRECTOR (FROM 9/18/14) JUDITH-ANN CORRENTE SECRETARY (TO 5/14/15) PRESIDENT AND CEO (FROM 5/14/15) JOHN J. NOFFO KAHN MANAGING DIRECTOR (TO 2/26/15) KEVIN W. KENNEDY PRESIDENT AND CEO (TO 5/14/15) HONORARY DIRECTOR (FROM 5/14/15) JEANETTE LERMAN-NEUBAUER SECRETARY (FROM 5/14/15) MARC I. STERN MANAGING DIRECTOR (FROM 6/18/15) SHARON GRUBIN FORMER GENERAL COUNSEL (TO 2/29/12) FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN SPLIT INTEREST...................................$ -1,598,521. PENSION PLAN CHANGES OTHER THAN NET PERIODIC COST..........$-12,007,786. ------------- TOTAL ....................................................$ -13,606,307. Impresario LLC 30 Lincoln Center New York NY 10023 043600565 Royalties NY 100000 15010 MOA INC Met Opera Endowment TrustCentennia 30 Lincoln Center New York NY 10023 136071129 SUPPORTS MOA NY 501(c)(3) 11a MOA INC true Charitable Remainder Trusts(17) 30 Lincoln Center NEW YORK NY 10023 CHAR REM TRS NA 0 0 false false false true false true false false false false false false false false true true false false false false Met Opera Endowment TrustCentennial Fund C 2732000 CASH Met Opera Endowment TrustCentennial Fund E 3211906 FMV SHARING OF PAID EMPLOYEES AND FACILITIES WITH RELATED ORGANIZATION(S) PART V, LINE 1N & 1O CERTAIN EMPLOYEES OF THE METROPOLITAN OPERA ASSOCIATION, INC. PERFORM ADMINISTRATIVE DUTIES FOR THE METROPOLITAN OPERA ENDOWMENT TRUST.