TOTAL REVENUE - FISCAL 2025
$304,122,827
Up 7.1% from $283,987,551 in fiscal 2024.
Metropolitan Opera Association Inc
New York, New York - EIN 13-1624087 - Latest filing: fiscal 2025 (Aug 1, 2024 - Jul 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Jun 15, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Jun 15, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Metropolitan Opera Association Inc reported $304,122,827 in revenue and $325,333,793 in expenses in fiscal 2025, a deficit of $21,210,966 for the year. Program services took $276,906,846 of expenses, or 85.1%. The organization closed the year with $168,156,591 in net assets - about 6.2 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$325,333,793
Revenue minus expenses: -$21,210,966 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
85.1%
$276,906,846 of $325,333,793 went to program services.
NET ASSETS - END OF FISCAL 2025
$168,156,591
Total assets $437,269,202 minus total liabilities $269,112,611.
TOP EXECUTIVE PAY - FISCAL 2025
$2,227,876
Peter Gelb, General Manager, as reported on the fiscal-2025 Form 990, filed Jun 15, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
5,455 Employees
Plus 831 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Jun 15, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.08 - $13,898,588 in fundraising expenses divided by $179,783,313 in total contributions. On cash contributions only: $0.08.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $179,783,313 |
| Of Which Cash Contributions | $173,879,342 |
| Of Which Donated Goods (Noncash) | $5,903,971 |
| Fundraising Events | $7,701,301 |
| Related Organizations | $3,446,823 |
| Government Grants | $360,470 |
| All Other Contributions | $168,274,719 |
| Program Service Revenue | $101,534,612 |
| Investment Income | $20,876,547 |
| Other Revenue | $1,928,355 |
| Total Revenue (All Sources) | $304,122,827 |
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
6.2 Months
of reserves - $168,156,591 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $27,111,149 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $437,269,202 |
| Total Liabilities | $269,112,611 |
| Liabilities as Share of Assets | 61.5% |
| Net Assets | $168,156,591 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Jun 15, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Peter Gelb - General Manager | $2,227,876 | 0.68% |
| Yannick Nezet-Seguin - Music Director | $2,056,750 | 0.63% |
| David Chan - Concert Master | $629,486 | 0.19% |
| Josh W Marks - Master Electrician | $548,287 | 0.17% |
| Benjamin Bowman - Concert Master | $487,091 | 0.15% |
| John Sellars - Assistant General Manager, Production | $484,041 | 0.15% |
| Diana Fortuna - Deputy General Manager/cfo/assistant Treasurer | $467,060 | 0.14% |
| Bernard M Plum - Deputy General Manager | $435,932 | 0.13% |
| Coralie Toevs - Assistant General Manager, Development | $406,789 | 0.13% |
| Michael Heaston - Assistant General Manager, Artistic | $369,294 | 0.11% |
| Stephanie Basta - General Counsel/assistant Secretary | $312,318 | 0.10% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Jun 15, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
47 voting members, 46 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Peter Gelb | General Manager |
| Yannick Nezet-Seguin | Music Director |
| David Chan | Concert Master |
| Josh W Marks | Master Electrician |
| Benjamin Bowman | Concert Master |
| John Sellars | Assistant General Manager, Production |
| Diana Fortuna | Deputy General Manager/cfo/assistant Treasurer |
| Bernard M Plum | Deputy General Manager |
| Coralie Toevs | Assistant General Manager, Development |
| Michael Heaston | Assistant General Manager, Artistic |
| Stephanie Basta | General Counsel/assistant Secretary |
| Ann Ziff | CHAIRman |
| C Graham Berwind III | Vp/chair Of Executive Committee |
| Jeanette Lerman-Neubauer | Secretary |
| Mercedes T Bass | Vice Chairman |
| Stephen Berger | Managing Director / Treasurer |
| Tod Johnson | President And CEO |
| Al Roker | Managing Director |
| Alexa Bator Chae | Managing Director |
| Andrew Martin-Weber | Managing Director To 5/14/25 |
| Austin T Fragomen Jr | Managing Director |
| Barbara Walkowski | Managing Director |
| Beth A Grosshans | Managing Director |
| Bruce Kovner | Managing Director |
| Carol E Domina | Managing Director |
| Christine Baranski | Managing Director Fr 3/27/25 |
| Douglas Dockery Thomas | Managing Director |
| Ekkhart Hassels-Weiler | Managing Director |
| Elizabeth M Eveillard | Managing Director |
| Frank A Bennack Jr | Managing Director |
| Frayda B Lindemann | Managing Director / President Emerita |
| George L Van Amson | Managing Director |
| Helen Y Little | Managing Director |
| Hon Carolyn B Maloney | Managing Director |
| Howard W Hunter | Managing Director |
| Jack Johnson | Managing Director Fr 9/26/24 |
| James Mitchell Jr | Managing Director |
| John Rose | Managing Director Fr 7/22/24 |
| Judith-Ann Corrente | Managing Director |
| Kathryn A Miller | Managing Director |
| Keebler J Straz | Managing Director |
| Kenneth R Feinberg | Managing Director To 8/19/24 |
| Laura J Sloate | Managing Director |
| Leonard S Coleman Jr | Managing Director |
| Marc I Stern | Managing Director |
| Marina Kellen French | Managing Director |
| Marlene Hess | Managing Director |
| Marta Nottebohm | Managing Director Fr 1/30/25 |
| Matt McClure | Managing Director |
| MATTHEW C PIETRaS | Managing Director Fr 1/30/25 To 5/30/25 |
| Nabil N Chartouni | Managing Director |
| Richard J Miller Jr | Managing Director |
| Robert L Turner | Managing Director |
| Ronnie S Hawkins | Managing Director |
| Seifollah Ghasemi | Managing Director Fr 5/14/25 |
| Sheila Johnson | Managing Director |
| So-Chung Shinn Lee | Managing Director |
| Susan S Braddock | Managing Director To 5/14/25 |
| Theodore A Kurz | Managing Director |
| Valerie Dixon | Managing Director |
| Veronica Atkins | Managing Director |
| Winthrop Rutherford Jr | Managing Director |
| Christine F Hunter | Honorary Chair |
| James W Kinnear | Honorary Chair |
| Paul M Montrone | President Emeritus |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence47 voting / 46 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $705,350 in grants paid in fiscal 2025.
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $283,987,551 | - |
| Fiscal 2025 | $304,122,827 | +7.1% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Aug 1, 2024 - Jul 31, 2025 | Form 990 | In Force - Filed Jun 15, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.