Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
65 people listed on the 990; $6.9M paid to officers and key staff.
Yannick Nezet-Seguin’s $2.0M as Music Director is at the 92nd percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Yannick Nezet-Seguin | $2,035,560 | $2,045,038 | $1,307,583 | $1,195,702 | $662,283 | $915,571 |
| Peter Gelb | $1,446,282 | $1,395,216 | $1,379,032 | $1,094,327 | $1,331,060 | $1,460,864 |
| David Chan | $515,613 | $497,107 | $498,035 | — | — | $375,186 |
| Donald Palumbo | — | $485,985 | $486,344 | $423,779 | $430,337 | $496,922 |
| Coralie Toevs | $259,356 | $434,528 | $345,617 | $290,448 | $289,865 | $360,317 |
| Benjamin Bowman | $426,501 | $405,631 | $391,077 | — | — | — |
| Josh W Marks | $421,570 | — | — | — | — | — |
| Bernard M Plum | $413,512 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Produces world-class opera performances, hosts ballet and other live events, and licenses its iconic venue to enrich the public through the performing arts.
Questions for Metropolitan Opera Association INC
Your first name shows with your question. Metropolitan Opera Association INC answers here, for everyone.
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Preparation and presentation of opera performances 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.
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.
Presentation of events other than opera where the met either presents or co-presents the event or licenses the opera house to third parties. The attendance at these events, principally ballet, was approximately 140,000 people per year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.2M | $5.4M |
| InvestmentsLn 11–13 | $241.7M | $198.4M |
| Land, buildings, equipmentLn 10c | $82.7M | $83.5M |
| Total assetsLn 16 | $466.6M | $437.3M |
| LiabilitiesLn 26 | $286.5M | $269.1M |
| Net assetsLn 32 | $180.2M | $168.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $683K | $683K | ||
| Grants and assistance to foreign recipientsLn 3 | $23K | $23K | ||
| Pay of current officers, directors and key staffLn 5 | $4.2M | $872K | $3.0M | $407K |
| Other salaries and wagesLn 7 | $163.1M | $151.1M | $8.0M | $4.0M |
| Pension plan contributionsLn 8 | $16.4M | $14.9M | $1.2M | $397K |
| Other employee benefitsLn 9 | $44.3M | $40.2M | $2.6M | $1.4M |
| Payroll taxesLn 10 | $13.0M | $11.6M | $975K | $417K |
| Legal feesLn 11b | $2.7M | $875K | $1.8M | |
| Accounting feesLn 11c | $428K | $428K | ||
| Lobbying feesLn 11d | $138K | $138K | ||
| Professional fundraising feesLn 11e | $599K | $599K | ||
| Investment management feesLn 11f | $1.3M | $1.3M | ||
| Other fees for servicesLn 11g | $5.6M | $5.0M | $547K | $37K |
| Advertising and promotionLn 12 | $7.6M | $5.8M | $1.8M | |
| Office expensesLn 13 | $7.5M | $5.5M | $301K | $1.7M |
| Information technologyLn 14 | $4.1M | $914K | $2.8M | $440K |
| RoyaltiesLn 15 | $766K | $766K | ||
| OccupancyLn 16 | $7.0M | $6.9M | $1K | |
| TravelLn 17 | $2.4M | $2.0M | $254K | $66K |
| InterestLn 20 | $10.1M | $5K | $10.1M | |
| Depreciation, depletion and amortizationLn 22 | $5.6M | $5.2M | $351K | |
| InsuranceLn 23 | $3.2M | $2.7M | $410K | |
| Other expenses (24a–d)Ln 24 | $22.5M | $21.5M | $201K | $784K |
| All other expensesLn 24e | $2.3M | $228K | $378K | $1.6M |
| Total functional expensesLn 25 | $325.3M | $276.9M | $34.5M | $13.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $304.1M | $325.3M | −$21.2M | $168.2M | 990 PDF |
| FY2024 | $284.0M | $331.0M | −$47.0M | $180.2M | 990 PDF |
| FY2023 | $303.1M | $332.3M | −$29.2M | $219.0M | 990 PDF |
| FY2022 | $281.6M | $315.1M | −$33.5M | $232.2M | 990 PDF |
| FY2021 | $163.8M | $132.0M | $31.8M | $240.4M | 990 PDF |
| FY2020 | $294.5M | $263.3M | $31.2M | $77.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $304,122,827 revenue, 12 lines filed
Part VI · Governance 46 of 47 board members independent, no flags
Part VIII · Statement of revenue $304,122,827 across 13 lines filed
Part IX · Statement of functional expenses $325,333,793 across 24 lines filed
Part X · Balance sheet $437,269,202 assets, 19 lines filed
Part XI · Reconciliation of net assets $168,156,591 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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