Metropolitan Opera Guild INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1936Arts & CultureEIN 13-1681983

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$761K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $714K a year · 17% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$761K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $750
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.0M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-60% vs prior year
Spent
$4.1M
To programs
69%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$4.0M
FY2021▼ -60%
Revenue by fiscal year
FY2020$10.0M
FY2021$4.0M
FY2022$3.2M
FY2023$3.0M
FY2024$1.2M
FY2024$271K
Expenses
$4.1M
FY2021▼ -58%
Expenses by fiscal year
FY2020$9.8M
FY2021$4.1M
FY2022$4.3M
FY2023$4.8M
FY2024$1.9M
FY2024$21K
Net assets
$4.9M
FY2021▲ +149%
Net assets by fiscal year
FY2020$2.0M
FY2021$4.9M
FY2022$6.3M
FY2023$5.0M
FY2024$2.3M
FY2024$3.2M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1938.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $2.8M Management & general 20% · $824K Fundraising 11% · $459K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

34 people listed on the 990; $761K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director of Finance & Administration
$152,947Pt VII · Sec A
Editor in Chief
$139,611Pt VII · Sec A
Director of Development
$127,630Pt VII · Sec A
Director of School Partnership
$127,518Pt VII · Sec A
Design Director
$107,926Pt VII · Sec A
Production Director
$105,494Pt VII · Sec A
Director Through 9/2/2020
$0Pt VII · Sec A
$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 250 <$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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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

Programs and updates

Supported opera education programs for children and adults through grants to the Metropolitan Opera.

Provided by the organization

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3 program services account for $2.8M of program spending, described in the organization's own filed words · FY2020.
01

Publications

The guild publishes opera news, a monthly print and digital magazine about opera history, performances, and artists, that helps foster a deeper appreciation of opera and to maintain it as a thriving, contemporary art form.

$1.8Mprogram expense
02

Educational Programs

The guild fosters 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 offers workshops and community programs for older students and adults.

$980Kprogram expense
03

Support of the Metropolitan Opera (the "met")

As agent for the met, the guild encourages individuals to contribute to the met at various giving levels. The guild then passes through such contributions to the met.

$20Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$873K
Fees for servicesLn 2g$539K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.8M
Managementcol C$824K
Fundraisingcol D$459K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$10.9M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
34
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$461K
Noncash giftsLn 1g$89K
Fundraising eventsLn 1c$558K
Fees for servicesLn 2g$539K
Investment incomeLn 3$873K
Other incomeLn 4–11$230K
Gains on assetsLn 7$774K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$1.9M
Total assetsLn 16$10.9M
LiabilitiesLn 26$6.0M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$1.0M
InvestmentsLn 11–13$5.9M$5.6M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$11.6M$10.9M
LiabilitiesLn 26$9.7M$6.0M
Net assetsLn 32$2.0M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$186K$46K$121K$19K
Other salaries and wagesLn 7$1.6M$1.1M$245K$243K
Other employee benefitsLn 9$209K$138K$40K$31K
Payroll taxesLn 10$138K$87K$32K$19K
Legal feesLn 11b$47K$47K
Accounting feesLn 11c$60K$60K
Investment management feesLn 11f$69K$69K
Other fees for servicesLn 11g$400K$267K$100K$32K
Advertising and promotionLn 12$35K$35K$292
Office expensesLn 13$47K$34K$9K$4K
Information technologyLn 14$136K$109K$18K$9K
OccupancyLn 16$245K$213K$15K$17K
TravelLn 17$4K$2K$2K
Depreciation, depletion and amortizationLn 22$161K$139K$11K$11K
InsuranceLn 23$40K$35K$2K$3K
Other expenses (24a–d)Ln 24$596K$557K$9K$30K
All other expensesLn 24e$91K$5K$43K$42K
Total functional expensesLn 25$4.1M$2.8M$824K$459K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$1.9M−$710K$2.3M 990 PDF
FY2023 $3.0M$4.8M−$1.8M$5.0M 990 PDF
FY2022 $3.2M$4.3M−$1.1M$6.3M 990 PDF
FY2021 Viewing $4.0M$4.1M−$107K$4.9M 990 PDF
FY2020 $10.0M$9.8M$160K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $4,014,056 across 14 lines filed
VIII-1b Membership dues$866,496
VIII-1c Fundraising events$557,668
VIII-1e Government grants$461,250
VIII-1f All other contributions, gifts and grants$486,435
VIII-1g Noncash contributions (included above)$88,691
VIII-1h Total contributions, gifts and grants$2,371,849
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $539,026$539,026
VIII-3 Investment incomeExcluded from tax $99,656$99,656
VIII-5 RoyaltiesExcluded from tax $1,593$1,593
VIII-6 Net rental income or lossExcluded from tax $16,200$16,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $773,673$773,673
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $172,743 · Excluded from tax $39,316$212,059
VIII-12 Total revenueRelated to mission $539,026 · Unrelated business $172,743 · Excluded from tax $930,438$4,014,056
Part IX · Statement of functional expenses $4,121,066 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $46,408 · Management $120,660 · Fundraising $18,563$185,631
IX-7 Other salaries and wagesPrograms $1,149,748 · Management $245,489 · Fundraising $243,205$1,638,442
IX-9 Other employee benefitsPrograms $138,060 · Management $40,201 · Fundraising $30,630$208,891
IX-10 Payroll taxesPrograms $86,957 · Management $31,840 · Fundraising $18,941$137,738
IX-11b Legal feesManagement $47,207$47,207
IX-11c Accounting feesManagement $60,000$60,000
IX-11f Investment management feesManagement $68,560$68,560
IX-11g Other fees for servicesPrograms $267,340 · Management $100,443 · Fundraising $32,000$399,783
IX-12 Advertising and promotionPrograms $34,663 · Management $292$34,955
IX-13 Office expensesPrograms $33,579 · Management $9,401 · Fundraising $4,005$46,985
IX-14 Information technologyPrograms $109,277 · Management $17,735 · Fundraising $8,792$135,804
IX-16 OccupancyPrograms $213,024 · Management $14,691 · Fundraising $17,140$244,855
IX-17 TravelPrograms $1,805 · Management $2,229$4,034
IX-22 Depreciation, depletion and amortizationPrograms $139,254 · Management $11,035 · Fundraising $11,074$161,363
IX-23 InsurancePrograms $34,554 · Management $2,383 · Fundraising $2,780$39,717
IX-24 Other expenses (24a–d)Programs $557,169 · Management $9,209 · Fundraising $29,880$596,258
IX-24e All other expensesPrograms $5,453 · Management $43,125 · Fundraising $42,265$90,843
IX-25 Total functional expensesPrograms $2,837,291 · Management $824,500 · Fundraising $459,275$4,121,066
Part X · Balance sheet $10,921,018 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,402,013$1,045,463
X-3 Pledges and grants receivableStart of year $71,262$65,994
X-4 Accounts receivableStart of year $98,459$56,071
X-8 Inventories for sale or useStart of year $19,846$17,972
X-9 Prepaid expenses and deferred chargesStart of year $150,267$127,146
X-10c Land, buildings and equipment, netStart of year $2,147,529$2,055,021
X-11 Publicly traded securitiesStart of year $5,928,432$5,607,272
X-15 Other assetsStart of year $1,819,100$1,946,079
X-16 Total assetsStart of year $11,636,908$10,921,018
X-17 Accounts payable and accrued expensesStart of year $350,131$355,664
X-19 Deferred revenueStart of year $338,563$327,038
X-25 Other liabilitiesStart of year $8,656,708$5,361,347
X-26 Total liabilitiesStart of year $9,682,102$6,044,049
X-27 Net assets without donor restrictionsStart of year −$647,618$2,030,428
X-28 Net assets with donor restrictionsStart of year $2,602,424$2,846,541
X-32 Total net assets or fund balancesStart of year $1,954,806$4,876,969
X-33 Total liabilities and net assetsStart of year $11,636,908$10,921,018
Part XI · Reconciliation of net assets $4,876,969 net assets at year end
XI-1 Total revenue$4,014,056
XI-2 Total expenses$4,121,066
XI-3 Revenue less expenses−$107,010
XI-4 Net assets at start of year$1,954,806
XI-5 Net unrealized gains (losses) on investments$477,857
XI-9 Other changes in net assets$2,551,316
XI-10 Net assets at end of year$4,876,969

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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