2016-01-20T12:56:44-06:00 2015-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-07-01 132974347 NEW YORK CITY OPERA INC NEWY 5162876189 PO BOX 546 ROCKVILLE CENTRE NY 115710546 ANDREA SCALA NELLIS MANAGING DIRECTOR 5162876189 2016-01-14 1 FREDERICK MARTENS P00298107 2126972299 2014 2016-04-25 22:37:26Z ANDREA SCALA NELLIS PO BOX 546 ROCKVILLE CENTRE NY 115710546 1207874 0 X WWW.NYCOPERA.COM X 1978 NY TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA. 14 14 16 14 0 0 2735167 209853 134343 0 -171231 135338 121019 36784 2819298 381975 0 0 0 0 2597059 326134 0 0 0 1601216 282578 4198275 608712 -1378977 -226737 5911118 5644401 5825085 6013967 86033 -369566 CITY OPERA'S MISSION IS TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA, TO NURTURE THE WORK OF PROMISING AMERICAN ARTISTS, AND TO BUILD NEW AUDIENCES THROUGH AFFORDABLE TICKET PRICES AND EXTENSIVE OUTREACH AND EDUCATION PROGRAMS. 0 0 NEW YORK CITY OPERA, INC. FILED FOR BANKRUPTCY ON OCTOBER 3, 2013, CEASED ITS PROGRAM ACTIVITIES AS OF THAT DATE, AND IS IN THE PROCESS OF DETERMINING THE BEST PLAN FOR CONTINUING ITS MISSION AND ADMINISTRATING ITS ASSETS.AT THE TIME OF FILING OF THE FORM 990, THE ORGANIZATION IS CURRENTLY WORKING TO DEVELOP AND IMPLEMENT A PLAN FOR REORGANIZATION. 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 16 1 0 0 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY NJ CT X ANDREA SCALA NELLIS 6467589440 PO BOX 546 ROCKVILLE CENTRE NY 115710546 CHARLES R WALL CHAIRMAN 10.00 X X 0 0 0 SUSAN L BAKER DIRECTOR 2.00 X 0 0 0 JOHN H BIGGS DIRECTOR 2.00 X 0 0 0 CAROLINE CRONSON DIRECTOR 2.00 X 0 0 0 MARY SHARP CRONSON DIRECTOR 2.00 X 0 0 0 EDMEE DE M FIRTH DIRECTOR 2.00 X 0 0 0 MICHAEL E GELLERT DIRECTOR 2.00 X 0 0 0 JOAN GRANLUND DIRECTOR 2.00 X 0 0 0 SUSAN ZISES GREEN DIRECTOR 2.00 X 0 0 0 HELEN LITTLE DIRECTOR 2.00 X 0 0 0 MARK W NEWHOUSE DIRECTOR 2.00 X 0 0 0 ROY G NIEDERHOFFER DIRECTOR 2.00 X 0 0 0 MARTIN J OPPENHEIMER DIRECTOR 2.00 X 0 0 0 MATTHEW L RINGEL DIRECTOR 2.00 X 0 0 0 ELLIOTT K SLADE III DIRECTOR 2.00 X 0 0 0 MRS JAMES C SLAUGHTER DIRECTOR 2.00 X 0 0 0 MS SHARON HITE DIRECTOR 2.00 X 0 0 0 MR MARC POWELL DIRECTOR 2.00 X 0 0 0 ANDREA NELLIS MANAGING DIRECTOR 40.00 X 217300 0 0 217300 0 0 1 0 1 0 0 209853 209853 135338 135338 860174 825899 34275 34275 OTHER REVENUE 900099 2509 2509 2509 381975 0 0 172122 220000 220000 36214 36214 54100 54100 15820 15820 193110 193110 8054 8054 495 495 12756 12756 1425 1425 50206 50206 GIFT ANNUITY EXPENSE 6668 6668 OTHER EXPENSES 5250 5250 CREDIT CARD CHARGES 4614 4614 608712 0 608712 0 672687 415955 57036 0 19600 0 2691 0 149500 149500 123031 103350 0 0 0 0 4778546 4867569 108027 108027 5911118 5644401 816353 881000 263795 263795 150000 150000 4594937 4719172 5825085 6013967 X -45109478 -45565077 180196 180196 45015315 45015315 86033 -369566 5911118 5644401 X -226737 -95865 -132997 X 0 0 0 X 17039960 10795484 9565319 2735167 209853 40345783 7518950 2964601 2389777 1928207 860174 15661709 24558910 13760085 11955096 4663374 1070027 56007492 8635372 5821611 3345860 530788 18333631 0 8635372 5821611 3345860 530788 18333631 37673861 168281 377601 170044 133814 135338 985078 168281 377601 170044 133814 135338 985078 54076 1189221 31029 2509 1276835 24727191 14191762 13314361 4828217 1207874 58269405 0.64650 0.69720 0.01690 0.01410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4555365 39434 4594799 4230215 355913 30763 4555365 5029082 -984770 318966 133063 4230215 5068071 100608 139597 5029082 5783045 246336 961310 5068071 1.00000 0 0 0 CAPITAL LEASE OBLIGATION 51531 OPERATING LEASE LIABILITY 607937 PAYROLL RELATED LIABILITIES 3990818 OTHER LIABILITIES 68886 4719172 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE A SUSTAINED AND RELIABLE LEVEL OF REVENUE TO SUPPORT THE NEW YORK CITY OPERA'S MISSION. EARNINGS GENERATED BY THE GENERAL ENDOWMENT FUNDS ARE INTENDED TO HELP OFFSET BASIC ARTISTIC AND PRODUCTION COSTS ASSOCIATED WITH PRODUCING OPERA. DESIGNATED OR RESTRICTED ENDOWMENT FUNDS ARE INTENDED TO HELP FUND SPECIFIC PROGRAMS, SUCH AS VOX AND CITY OPERA EDUCATION, OR TO SUPPORT SPECIFIC ARTISTIC INITIATIVES, SUCH AS SPECIAL FUNDS FOR VISITING ARTISTS OR THE CREATION OF ARTIST AWARDS. X X X X 0 0 0 0 0 0 0 0 0 ANDREA NELLIS MANAGING DIRECTOR 217300 0 0 0 0 0 0 0 0 0 217300 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR MARY SHARP CRONSON AND DIRECTOR CAROLINE CRONSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY MANAGEMENT BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. UPON APPROVAL BY THE AUDIT COMMITTEE, A PUBLIC INSPECTION VERSION OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS AT WHICH TIME EACH MEMBER IS REQUIRED TO REVIEW THE PROCEDURE AND SIGN THE ATTACHED CONFLICT OF INTEREST STATEMENT IN WHICH THEY MUST ACKNOWLEDGE AND SET FORTH ANY EXCEPTIONS TO THE POLICY. THE POLICY AND ACKNOWLEDGED CONFLICTS ARE REGULARLY AND CONSISTENTLY MONITORED BY THE AUDIT COMMITTEE. THE COMMITTEE WILL BRING TO THE BOARD FOR DISCUSSION ANY MATTERS THAT ARISE FROM THESE ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE MANAGING DIRECTOR WAS DETERMINED, REVIEWED AND APPROVED BY A BOARD-DESIGNATED COMMITTEE COMPRISED OF VOTING BOARD MEMBERS WHO DO NOT POSSESS A CONFLICT OF INTEREST WITH RESPECT TO THE EMPLOYMENT ARRANGEMENT. COMPENSATION IS DETERMINED BASED ON CONSIDERATION OF COMPARATIVE DATA FROM SIMILARLY STRUCTURED ORGANIZATIONS AND BUDGETARY ANALYSIS. THE COMMITTEE PROVIDES A RECOMMENDATION TO THE BOARD FOR APPROVAL. THIS WAS PROCESS WAS LAST UNDERTAKEN DURING FY 2014. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION & POST-EMPLOYMENT-RELATED CHANGES OTHER THAN PERIODIC BENEFIT COST -132,997.