2025-03-17T09:43:40-05:00 2024-07-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-08-01 131572247 METROPOLITAN OPERA CLUB METR 2127993552 30 LINCOLN CENTER NEW YORK NY 10023 J TRUMAN BIDWELL JR PRESIDENT 2123624926 2025-01-06 1 1 KERRI RAWCLIFFE P01398485 4016216200 2025-01-31 2023 2025-03-06 01:10:19Z J TRUMAN BIDWELL JR 30 LINCOLN CENTER NEW YORK NY 10023 1154597 0 X WWW.OPERACLUB.ORG X 1899 NY THE CLUB CULTIVATES VOCAL AND INSTRUMENTAL MUSIC, FOSTER OPERATIC AND MUSICAL PERFORMANCES & SUPPORTS THE METROPOLITAN OPERA ASSOCIATION. 12 12 22 12 567 0 0 50000 443823 416467 544 567 295209 226446 739576 693480 0 0 0 0 671468 683125 0 0 0 146182 154958 817650 838083 -78074 -144603 503973 388898 22739 52267 481234 336631 THE CULTIVATION OF VOCAL AND INSTRUMENTAL MUSIC, THE ENCOURAGEMENT AND SUPPORT OF THE OPERATIC AND MUSICAL PERFORMANCES, THE SUPPORT OF THE METROPOLITAN OPERA ASSOCIATION, AND THE PROMOTION OF SOCIAL INTERCOURSE AMONG ITS MEMBERS. 0 0 THE METROPOLITAN OPERA CLUB IS ORGANIZED FOR PLEASURE AND ARTS. THE ACTIVITIES ARE FOR THE BENEFIT OF ITS MEMBERS. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 22 1 0 0 0 0 0 3750 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 1 1 0 0 0 X JOSEPH OWENS 2127993552 30 LINCOLN CENTER NEW YORK NY 10023 J TRUMAN BIDWELL JR PRESIDENT 3.00 X X 0 0 0 DUNCAN MCKAY DIRECTOR 3.00 X 0 0 0 JOHN BREWER DIRECTOR 3.00 X 0 0 0 DAVID BARRETT SECRETARY 3.00 X X 0 0 0 SUSAN B CLEARWATER DIRECTOR 3.00 X 0 0 0 RANDALL BENNETT STROSSEN DIRECTOR 3.00 X 0 0 0 KRISTEN E KOVNER DIRECTOR 3.00 X 0 0 0 VIVIANNE LAKE DIRECTOR 3.00 X 0 0 0 GERALD MALONE TREASURER 3.00 X X 0 0 0 RICHARD MILLER DIRECTOR 3.00 X 0 0 0 TREVOR STEWART DIRECTOR 3.00 X 0 0 0 JOSEPH OWENS GENERAL MANAGER 40.00 X 108000 0 32912 MICHAEL J HARNETT FORMER GENERAL MANAGER 40.00 X 160500 0 34474 268500 0 67386 2 1 1 0 0 50000 50000 MEMBERSHIP DUES 713910 412717 412717 INITIATION FEES 713910 3750 3750 416467 567 567 640784 461117 179667 179667 MISCELLANEOUS INCOME 900099 46779 46779 46779 693480 642913 567 0 284626 241940 91337 65222 26880 38615 21991 5500 15145 UBIT EXPENSE 250 BAD DEBT EXPENSE 21675 CLUB ROOM EXPENSE 11118 FOOD AND BEVERAGE EXPEN 9995 3789 838083 13037 101152 448129 234066 15893 22214 13155 17485 13759 13981 508315 508315 0 0 503973 388898 19518 51604 3221 663 22739 52267 X 481234 336631 481234 336631 503973 388898 -144603 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187232 187232 0 321083 321083 0 0 DUE TO METROPOLITAN OPERA 663 663 X 1154597 461117 461117 693480 0 693480 1299200 461117 461117 838083 0 838083 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 461,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 461,117. X 0 0 0 MICHAEL J HARNETT FORMER GENERAL MANAGER 160500 0 0 0 0 0 0 0 34474 0 194974 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE METROPOLITAN OPERA CLUB HAS SUBSCRIBING MEMBERS, ASSOCIATE MEMBERS AND NON RESIDENT MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A A MEETING OF MEMBERS SHALL BE HELD ANNUALLY FOR THE ELECTION OF DIRECTORS OR THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B METROPOLITAN OPERA CLUB HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS AND DIRECTORS WITHIN THE ORGANIZATION. THIS POLICY IS MONITORED ANNUALLY BY THE CLUB. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY AND THE PROCEDURES HEREUNDER IS TO PROTECT THE INTERESTS OF THE CLUB WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, TRUSTEE OR KEY EMPLOYEE OF THE CLUB OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. ANY MEMBER, OFFICER OR KEY EMPLOYEE WHO HAS A FINANCIAL INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION ("INTERESTED PERSON") SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL INCLUDE ANY RELEVANT AND MATERIAL FACTS KNOWN TO THE INTERESTED PERSON ABOUT THE CONTRACT OR TRANSACTION, WHICH MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE TO THE CLUB'S INTEREST. ONCE THAT INTEREST IS DISCLOSED THE BOARD MEMBERS SHALL VOTE WITHOUT THE INTERESTED PERSON WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION IS DETERMINED BY THE BOARD MEMBERS AND EXECUTIVE COMMITTEE FOR THE GENERAL MANAGER. THE BOARD MEMBERS AND THE EXECUTIVE COMMITTEE TAKE THE CURRENT AMOUNT BEING PAID TO AN EMPLOYEE AND ADJUST THE AMOUNT AS IT DEEMS NECESSARY. THIS IS DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN AUGUST 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. FORM 990 IS POSTED GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.