2013-05-07T16:47:01-05:00 2012-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2011-07-01 132974347 NEW YORK CITY OPERA INC NEWY 6467589440 75 BROAD STREET 10TH FLOOR NEW YORK NY 10004 GEORGE STEEL 6467589440 2013-05-06 1 FREDERICK MARTENS P00298107 2126972299 2013-04-18 2011 2016-02-25 16:41:14Z GEORGE STEEL 75 BROAD STREET 10TH FLOOR NEW YORK NY 10004 17263735 0 X WWW.NYCOPERA.COM X 1978 NY TO INSPIRE AUDIENCES WITH INNOVATIVE AND THEATRICALLY COMPELLING OPERA. 27 26 533 12 0 0 17039960 10795484 7518950 2777854 169341 316881 353937 240823 25082188 14131042 0 0 0 0 19646581 8277201 46291 0 1547903 10645946 6605941 30338818 14883142 -5256630 -752100 11673581 9457777 5772062 6574723 5901519 2883054 X 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 1 11095653 2734465 MAINSTAGE PRODUCTIONSNEW YORK CITY OPERA'S 2011-2012 SEASON FEATURED 16 PERFORMANCES OF 4 FULLY STAGED OPERAS, 1 CONCERT, TWO SPECIAL EVENTS, AND THE CONTINUATION OF OUR ACCLAIMED EDUCATION PROGRAMS, FOR AN AUDIENCE OF 22,500. MORE THAN 20 ARTISTS MADE THEIR COMPANY DEBUTS DURING THE SEASON, WHICH BEGAN IN NOVEMBER 2011 WITH A RUFUS WAINWRIGHT CONCERT AT JAZZ AT LINCOLN CENTER, PERFORMING FAVORITES, ALONGSIDE NYC OPERA SINGERS. FEBRUARY 2012 FEATURED THE COMPANY'S FIRST SEASON AT BAM, OPENING WITH 4 PERFORMANCES OF VERDI'S LA TRAVIATA, AND 4 PERFORMANCES OF THE U. S. PREMIERE OF WAINWRIGHT'S FIRST OPERA, PRIMA DONNA. IN MARCH 2012, THE COMPANY PRESENTED 4 PERFORMANCES OF CHRISTOPHER ALDEN'S NEW PRODUCTION OF MOZART'S COSI FAN TUTTE. THE SEASON CONCLUDED WITH 4 PERFORMANCES OF TELEMANN'S ORPHEUS AT EL MUSEO DEL BARRIO, CONTINUING OUR FAMED BAROQUE EXPLORATION. EDUCATION PRESENTED 6 PERFORMANCES OF SCOTT JOPLIN'S TREEMONISHA FOR NYC PUBLIC SCHOOL CHILDREN K-6 AND RAN A VARIETY OF MIDDLE AND HIGH SCHOOL PROGRAMS. 252457 43389 EDUCATION PROGRAMSIN 2011-2012 NYC OPERA EDUCATION SERVED NEARLY 4,000 STUDENTS IN NEARLY 20 SCHOOLS ACROSS THE FIVE BOROUGHS AS WELL AS WESTCHESTER, NEW JERSEY, AND LONG ISLAND. THROUGH THE "OPERA IN ELEMENTARY" PROGRAM, STUDENTS IN GRADES 2-5 ARE INTRODUCED TO THE WORLD OF OPERA THROUGH ENGAGING IN "AGE-APPROPRIATE WORKS," SUPPORTED BY INTENSIVE TEACHER TRAINING AND MULTIPLE IN-SCHOOL WORKSHOPS BY CITY OPERA TEACHING ARTISTS, CULMINATING IN A LIVE PERFORMANCE OF THE OPERA WITH ORCHESTRA. AFTER EXTENSIVE PROFESSIONAL DEVELOPMENT WITH SCHOOL TEACHERS, NYC OPERA INTRODUCED STUDENTS TO THE BASICS OF MUSIC AND DRAMA, AND THEN ENCOURAGED STUDENTS TO CREATE THEIR OWN INTERPRETATIONS OF THE STORY THROUGH ORIGINAL POEMS, SONGS, OR ART PROJECTS. IN THE 2011-2012 SCHOOL YEAR, THE STUDENTS STUDIED A 50-MINUTE ABRIDGED VERSION OF SCOTT JOPLIN'S TREEMONISHA, A SEMINAL WORK OF EARLY AMERICAN OPERA. NYC OPERA'S TWELVE-YEAR PARTNERSHIP WITH WEST SIDE COLLABORATIVE MIDDLE SCHOOL INTEGRATES ARTS-BASED LEARNING INTO THE CURRICULUM OF THE ENTIRE SCHOOL WITH AN INTERDISCIPLINARY APPROACH. EACH YEAR 6TH GRADERS PARTICIPATE IN AN INTENSIVE STUDY OF MUSIC AND PERFORMANCE-BUILDING. THE NEXT YEAR AS 7TH GRADERS, THEY PRODUCE ORIGINAL MUSICAL AND DRAMATIC SCENES; AND BY THE 8TH GRADE, THEY WORK WITH CITY OPERA PERFORMERS, DIRECTORS AND STAGE DESIGNERS TO CREATE A 20-MINUTE ORIGINAL OPERA, WHICH THEY THEN PERFORM FOR THEIR SCHOOL AND COMMUNITY. THE FOCUS OF THE 2011-2012 PROGRAM WAS VERDI'S LA TRAVIATA AND TELEMANN'S ORPHEUS. NEW YORK CITY OPERA'S HIGH SCHOOL PARTNERSHIPS ARE SEMESTER-LONG, MULTI-VISIT COLLABORATIONS THAT ENABLE CLASSROOM TEACHERS TO INTRODUCE POLITICAL, ECONOMIC, AND SOCIAL HISTORY INTO THEIR CURRICULA THROUGH INTENSIVE STUDY OF SELECT OPERAS. THESE PARTNERSHIPS ARE TAILORED TO MEET THE NEEDS OF EACH HIGH SCHOOL, FOCUSED ON THE INTEREST OF EACH SCHOOL. IN THE 2011-2012 SCHOOL YEAR, NYC OPERA COMPLETED RESIDENCIES AT THE HIGH SCHOOL OF ECONOMICS & FINANCE AND THE REPERTORY COMPANY HIGH SCHOOL FOR THEATRE ARTS. IN THE HIGH SCHOOL VOCAL SEMINAR PROGRAMS, 22 HIGH SCHOOL AGED VOCALISTS RECEIVED INTENSIVE COACHING FROM THE NEW YORK CITY OPERA'S MUSICAL AND DRAMATIC STAFF. 11348110 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 59 0 533 1 0 0 0 0 0 1 1 0 0 0 0 X 27 26 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY NJ CT X X ANDREA SCALA NELLIS 6467589441 75 BROAD STREET NEW YORK NY 10004 CHARLES R WALL 10.00 X X 0 0 0 GEORGE STEEL 40.00 X X 317703 0 21894 PRINCESS ALEXANDRA OF GREECE 2.00 X 0 0 0 SUSAN L BAKER 2.00 X 0 0 0 JOHN E BAUMGARDNER JR 2.00 X 0 0 0 JOHN H BIGGS 2.00 X 0 0 0 CATHERINE GILLIS CARMODY 2.00 X 0 0 0 EMILIE ROY COREY 2.00 X 0 0 0 CAROLINE CRONSON 2.00 X 0 0 0 MARY SHARP CRONSON 2.00 X 0 0 0 JENNIE DESCHERER 2.00 X 0 0 0 BROOKE HAYWARD DUCHIN 2.00 X 0 0 0 EDMEE DE M FIRTH 2.00 X 0 0 0 MICHAEL E GELLERT 2.00 X 0 0 0 JOAN GRANLUND 2.00 X 0 0 0 SUSAN ZISES GREEN 2.00 X 0 0 0 DR NIZAM P KETTANEH 2.00 X 0 0 0 W LOEBER LANDAU 2.00 X 0 0 0 KATE D LEVIN 2.00 X 0 0 0 HELEN LITTLE 2.00 X 0 0 0 LYNN J LOACKER 2.00 X 0 0 0 JAMES C MARLAS 2.00 X 0 0 0 MARK W NEWHOUSE 2.00 X 0 0 0 ROY G NIEDERHOFFER 2.00 X 0 0 0 MARTIN J OPPENHEIMER 2.00 X 0 0 0 CHARLES I PETSCHEK 2.00 X 0 0 0 MARC POWELL 2.00 X 0 0 0 MATTHEW L RINGEL 2.00 X 0 0 0 ELLIOTT K SLADE III 2.00 X 0 0 0 MRS JAMES C SLAUGHTER 2.00 X 0 0 0 PAMELA THOMAS-GRAHAM 2.00 X 0 0 0 HERBERT M WACHTELL 2.00 X 0 0 0 ANDREA NELLIS 40.00 X 64098 0 4993 DANA GLUCK 40.00 X 46252 0 9207 PETER GEE 40.00 X 115639 0 17898 GEORGE MANAHAN 40.00 X 321497 0 39641 CHUCK GILES 40.00 X 111861 0 35899 ROBERT MEYA 40.00 X 121582 0 11012 DAVID TITCOMB 40.00 X 112323 0 0 1210955 0 140544 6 0 1 0 SPOTCO 512 7TH AVE2ND FLOOR NEW YORK NY 10018 ADVERTISING/MARKETING 436541 PROSKAUER ELEVEN TIMES SQUARE NEW YORK NY 10036 LEGAL 224345 DOLLAND TRANSPORTATION LLC 344 E 91 ST STE 21F BROOKLYN NY 11212 TRUCKING 119423 IQMEDIA TELECOMMUNICATIONS INC 73 DOGWOOD LANE NEW PROVIDENCE NJ 07974 IT SUPPORT 103003 4 1076297 153040 9566147 224119 10795484 CCMD ALLOCATED REVENUE 711130 1423137 1423137 PROGRAM TICKET SALES 711130 1145861 1145861 SET AND PROP FEES 711130 147467 147467 EDUCATION PROGRAM FEES 711130 43389 43389 PERFORMANCE FEE 711130 18000 18000 2777854 377601 377601 1090253 1150973 -60720 -60720 -60720 181271 1076297 181271 0 1987196 1800449 186747 186747 OTHER REVENUE 900099 54076 54076 54076 14131042 2777854 0 557704 827176 316949 363471 146756 5507181 4133813 691147 682221 283408 202586 43111 37711 1215055 879606 179303 156146 444381 313902 72450 58029 260271 260271 43316 43316 879190 808888 19763 50539 657951 638745 8156 11050 342375 201466 45581 95328 1605928 1372591 125562 107775 321749 303793 1956 16000 3690 3690 150518 115548 20233 14737 110941 90554 11795 8592 PRODUCTION MATERIALS 1885996 1885666 0 330 MISCELLANEOUS 221963 74468 97324 50171 SPECIAL SERIES & EVENTS 122053 9535 0 112518 14883142 11348110 1987129 1547903 1399046 685090 282552 704837 3208193 1913509 96956 35281 260925 239893 205354 267203 1655949 1116284 454263 539665 5653110 5006621 80322 65678 32860 11673581 9457777 1954608 1235781 11325 269466 150000 3806129 4919476 5772062 6574723 X -45884309 -45391636 4455737 2259375 47330091 46015315 5901519 2883054 11673581 9457777 X -752100 -2266365 X 0 1 1 X 0 X 15732000 13958000 13928740 17039960 10795484 71454184 13060000 1897000 8514077 7518950 2964601 33954628 28792000 15855000 22442817 24558910 13760085 105408812 3801228 5513500 3427522 8635372 5821611 27199233 0 3801228 5513500 3427522 8635372 5821611 27199233 78209579 4098000 198000 276275 168281 377601 5118157 4098000 198000 276275 168281 377601 5118157 54076 54076 32890000 16053000 22719092 24727191 14191762 110581045 0.70730 0.73390 0.04630 0.08920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5068071 100608 139597 5029082 5783045 246336 961310 5068071 5414608 655909 287472 5783045 19326758 27157 85307 13854000 5414608 1.00000 0 0 10620 10620 1154351 780277 374074 490978 336007 154971 539665 CAPITAL LEASE OBLIGATION 85421 DEFERRED RENT EXPENSE 212366 PAYROLL RELATED LIABILITIES 4534884 CHARITABLE GIFT ANNUITIES 26747 MISCELLANEOUS 60058 4919476 14131042 14883142 -752100 -266809 -36249 -1963307 -2266365 -3018465 13927760 -266809 24036 -242773 14170533 -39491 -39491 14131042 14907178 24036 24036 14883142 0 14883142 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CCMD SEVERANCE CHARGES -467,131. PENSION & POST-EMPLOYMENT-RELATED CHANGES OTHER THAN PERIODIC BENEFIT COST -1,496,176. TOTAL TO SCHEDULE D, PART XI, LINE 8: -1,963,307. 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. PART XII, LINE 4B: INVESTMENT LOSSES ON ENDOWMENT FUNDS: $39,491 FALL BENEFIT 643895 529885 114010 114010 SPRING BENEFIT 613673 546412 67261 67261 1257568 1076297 181271 181271 181271 0 X X X X 1 0 0 0 0 0 0 0 0 GEORGE STEEL 317703 0 0 0 0 0 24 0 21870 0 339597 0 0 0 GEORGE MANAHAN 205497 0 0 0 116000 0 25611 0 14030 0 361138 0 0 0 PART I, LINE 4A GEORGE MANAHAN, MUSIC DIRECTOR, RECEIVED SEVERANCE OF $116,000. X 11 224119 FAIR VALUE 0 0 1 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 IN DECEMBER 2011, NYCO ENDED ITS RELATIONSHIP WITH CITY CENTER OF MUSIC AND DRAMA, LEFT LINCOLN CENTER AND BEGAN A TRANSFORMATION OF ITS OPERATING MODEL. THE NEW MODEL INCLUDES PERFORMING IN LEADING OPERA HOUSES AND CONCERT HALLS ACROSS THE CITY AND SCALING BACK ADMINISTRATIVE STAFF AND OFFICE OCCUPANCY COSTS TO A LEVEL APPROPRIATE FOR THE COMPANY'S REDUCED BUDGET. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR MARY SHARP CRONSON AND DIRECTOR CAROLINE CRONSON - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED ITS BYLAWS TO ADD THE OFFICE OF TREASURER, UPDATE THE ADDRESS FOR THE ADMINISTRATIVE OFFICES, AND AMEND THE COMPOSITION OF THE BOARD TO INCLUDE THE CHIEF EXECUTIVE OFFICER/GENERAL MANAGER AND ARTISTIC DIRECTOR FOR THE CORPORATION. THE ORGANIZATION ALSO ADDED AN INDIVIDUAL DESIGNATED BY THE DEPARTMENT OF CULTURAL AFFAIRS OF THE CITY OF NEW YORK TO BE A MEMBER OF THE BOARD OF DIRECTORS, WITH FULL VOTING RIGHTS AND, IN THE CASE OF THE CHIEF EXECUTIVE OFFICER/GENERAL MANAGER AND ARTISTIC DIRECTOR, FOR SO LONG AS HE OR SHE RETAINS SUCH TITLE. 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 GENERAL MANAGER AND ARTISTIC DIRECTOR IS 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. COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE GENERAL MANAGER AND ARTISTIC DIRECTOR. COMPENSATION IS DETERMINED BASED ON CONSIDERATION OF COMPARATIVE DATA FROM SIMILARLY STRUCTURED ORGANIZATIONS AND BUDGETARY ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -266,809. PRIOR PERIOD ADJUSTMENTS: -36,249. CCMD SEVERANCE CHARGES -467,131. PENSION & POST-EMPLOYMENT-RELATED CHANGES OTHER THAN PERIODIC BENEFIT COST -1,496,176. TOTAL TO FORM 990, PART XI, LINE 5: -2,266,365.