Metropolitan Opera Guild INC EIN 13-1681983

Metropolitan Opera Guild INC

EIN  13-1681983 Supporting organization New York, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Supported opera education programs for children and adults through grants to the Metropolitan Opera.
Leadership
Vanessa Kubach · Managing Director to 3/31/24 · $276K
Money in and out
$1.2M revenue, $1.9M expenses
Bottom line
-61% net inflow

Supported opera education programs for children and adults through grants to the Metropolitan Opera. For fiscal year 2024 it reported $1.2M in revenue, $1.9M in expenses, and $2.3M in net assets.Pt I

Money in and out · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$710K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.46 Fundraising $0.04
Net inflow
-61%
revenue over expenses, this year0% vs prior filing year
Pass-through gifts
34%
of revenue from contributions▼ -51% vs prior filing year
Program spending
50%
of expenses reach stated programs▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -61%
Expenses
$1.9M
FY2024▼ -61%
Total assets
$2.3M
FY2024▼ -66%
Total liabilities
$2K
FY2024▼ -100%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$710K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $932K of program spending, described in the organization's own filed words · FY2023.
01

Publications

Prior to December 12, 2023, the Guild published Opera News, a standalone monthly print and digital magazine about opera history, performances, and artists, that helped foster a deeper appreciation of opera and maintain it as a thriving contemporary art from.

$695Kprogram expense
02

Educational Programs

Prior to October 1, 2023, the Guild fostered collaboration, literacy skills, self-confidence and an increased capacity for self-expression in children with customized education programs integrated into the curriculum of their schools. The Guild also offered workshops and community programs for older students and adults.

$236Kprogram expense
03

Support the Metropolitan Opera in furtherance of its educational and other charitable purposes.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMetropolitan Opera Guild INC
EINHdr · item D13-1681983
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.metguild.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6A)
Ruling yearIRS BMFAug 1938

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Managing Director to 3/31/24
$275,997Pt VII · Sec A
Director of Learning & Eng to 3/31/24
$218,161Pt VII · Sec A
Editor in Chief to 3/31/24
$191,690Pt VII · Sec A
Production Director to 3/31/24
$119,072Pt VII · Sec A
Design Director to 3/31/24
$111,940Pt VII · Sec A
Controller to 3/31/24
$101,273Pt VII · Sec A
Treasurer to 10/1/23
$0Pt VII · Sec A
Secretary to 10/1/23
$0Pt VII · Sec A

Vanessa Kubach’s $276K as Managing Director to 3/31/24 is at the 100th percentile of top reported officer pay among 249 <$100K 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

NameFY2024FY2023FY2022FY2021FY2020
Thomas Martin$288,285
Vanessa Kubach$275,997$133,054
Stuart Holt$218,161$118,950
Vanessa Kubach$202,026$172,463$152,947
F Paul Driscoll$191,690$137,820
F Paul Driscoll$147,803$143,570$139,611
Stuart Holt$143,250$135,914$127,518
James Greg Joye$127,630

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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Statement of Revenue

Part VIII
Program service revenue$463K · 40%
Contributions & grants$395K · 34%
Other revenue$266K · 23%
Investment income$33K · 3%
Program service revenue40%$463K
Contributions & grants34%$395K
Other revenue23%$266K
Investment income3%$33K
— government grantsLn 1e$21K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.46 Fundraising $0.04
Program services50%$932K
Management & general46%$862K
Fundraising4%$74K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$2K
Total net assetsLn 32$2.3M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $716K · Operating expenses (Pt IX) $1.9M · Less non-cash grants $5K · Cash operating expenses/yr $1.9M
4.6 months
Where the money goes
Program services
Program services $932K · Total expenses $1.9M
50%
Management & General
Management & general $862K · Total expenses $1.9M
46%
Fundraising
Fundraising $74K · Total expenses $1.9M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $309K · Solicited contributions (3-yr avg) $1.4M
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $395K · Total revenue $1.2M
34%
Government reliance
Government grants $21K · Total revenue $1.2M
2%
Earned-income share
Program service revenue $463K · Total revenue $1.2M
40%
Investment reliance
Investment income $33K · Total revenue $1.2M
+3%
Program self-sufficiency
Program service revenue $463K · Total expenses $1.9M
25%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $3.0M
-61%
Revenue CAGR
FY2019 $10.0M · FY2023 $1.2M
-42%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.9M
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $698K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
30%
People & payroll
Highest Reported Total Compensation
Individual Vanessa Kubach · Reported title Managing Director to 3/31/24 · Highest reported compensation $276K · Total expenses $1.9M
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $884K · Total expenses $1.9M
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 50%
Overhead ratio 46%
Fundraising cost ratio 19%
Revenue growth -61%
Investment management fee ratio 0%
Legal fee ratio 6%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$750
Grants paid · 4 grants · $5.1M · 2019–2022

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$3.0M revenue · ⤓ 990 PDF
FY2022$3.2M revenue · ⤓ 990 PDF
FY2021$4.0M revenue · ⤓ 990 PDF
FY2020$10.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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