AMERICAN FRIENDS OF COVENT GARDEN THE ROYAL BALLET INC

EIN: 237039510 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,209,961
Total Expenses
$1,573,520
Total Assets
$1,226,447
Net Assets
$1,183,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
G SCOTT CLEMONS
Phone
2124938379
Tax Period
2023-09-01 to 2024-08-31

AMERICAN FRIENDS OF COVENT GARDEN THE ROYAL BALLET INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $636K, a strong 29% operating margin.

Mission

TO RAISE VISIBILITY AND PROVIDE SUPPORT FOR THE ROYAL OPERA AND THE ROYAL BALLET IN LONDON.

Program Service Accomplishments

Program 1
Expenses: $1,473,263 Revenue: $0

THE ORGANIZATION PROVIDED GRANTS TO THE ROYAL OPERA HOUSE IN LONDON FOR OPERA AND BALLET PRODUCTIONS AND GENERAL OPERATING AND ADMINISTRATIVE EXPENSES. IN FISCAL YEAR 2024, THE ORGANIZATION PROVIDED...

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THE ORGANIZATION PROVIDED GRANTS TO THE ROYAL OPERA HOUSE IN LONDON FOR OPERA AND BALLET PRODUCTIONS AND GENERAL OPERATING AND ADMINISTRATIVE EXPENSES. IN FISCAL YEAR 2024, THE ORGANIZATION PROVIDED THREE GRANTS TOTALING $1,444,863. OVER THE LAST DECADE, TOTAL GRANTS TO THE ROYAL OPERA HOUSE WERE OVER $50 MILLION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,205,578
Program Service Revenue $0
Investment Income $4,383
Other Revenue $0
TOTAL REVENUE $2,209,961

Expense Breakdown

Grants Paid $1,444,863
Salaries & Benefits $85,200
Fundraising Expenses $0
Program Expenses $1,473,263
Other Expenses $43,457
TOTAL EXPENSES $1,573,520

Year-over-Year Comparison

2023 2022 Change
Revenue $2,209,961 $3,352,291 -0.3%
Expenses $1,573,520 $3,303,363 -0.5%
Net Income $636,441 $48,928 +12.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
23

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$87,712
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR JOHN MCGINN CHAIR 2.00
Officer Director
$0 $0 $0
MS SUSAN B OLDE VICE CHAIR 0.50
Officer Director
$0 $0 $0
MR JOHN G TURNER VICE CHAIR 0.50
Officer Director
$0 $0 $0
MR G SCOTT CLEMONS TREASURER 2.00
Officer Director
$0 $0 $0
MS MERCEDES T BASS DIRECTOR 0.50
Director
$0 $0 $0
MRS ERIKA BEARMAN DIRECTOR 0.50
Director
$0 $0 $0
MS SUSAN S BRADDOCK DIRECTOR 0.50
Director
$0 $0 $0
MR MAX CARTELLIERI DIRECTOR 0.50
Director
$0 $0 $0
MRS PEGGY CZYZAK DANNENBAUM DIRECTOR 0.50
Director
$0 $0 $0
MS MISOOK DOOLITTE DIRECTOR 0.50
Director
$0 $0 $0
MR LORD JOHN EATWELL DIRECTOR 0.50
Director
$0 $0 $0
HRH PRINCESS FIRYAL OF JORDAN DIRECTOR 0.50
Director
$0 $0 $0
MR SIMON FREAKLEY DIRECTOR 0.50
Director
$0 $0 $0
MS BETH W GLYNN DIRECTOR 0.50
Director
$0 $0 $0
LADY CAROLINE GRANGE DIRECTOR 0.50
Director
$0 $0 $0
MS JOAN GRANLUND DIRECTOR 0.50
Director
$0 $0 $0
MR FREDERICK ISEMAN DIRECTOR 0.50
Director
$0 $0 $0
MR CHRISTOPHER JONES DIRECTOR 0.50
Director
$0 $0 $0
MR BRUCE KOVNER DIRECTOR (THRU MAY 2024) 0.50
Director
$0 $0 $0
MR ALAN G LEVIN DIRECTOR 0.50
Director
$0 $0 $0
MS BETH MADISON DIRECTOR 0.50
Director
$0 $0 $0
MRS ISABEL MEE DIRECTOR 0.50
Director
$0 $0 $0
REBECCA MORSE DIRECTOR 0.50
Director
$0 $0 $0
MS MILENA SALES EXEC. DIR./SECRETARY 35.00
Officer
$87,712 $0 $87,712
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,209,961 $1,573,520 $1,226,447 $636,441
2023 $3,352,291 $3,303,363 $596,856 $48,928
2022 $2,013,244 $2,406,600 $566,228 $-393,356
2021 $1,833,201 $1,355,038 $957,784 $478,163
2020 $4,234,527 $5,571,246 $454,514 $-1,336,719
2019 $4,093,202 $4,832,511 $1,793,327 $-739,309
2018 $10,040,298 $9,275,300 $2,535,617 $764,998
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