Pittsburgh Symphony Inc

Organization Overview

Pittsburgh Symphony Inc, operating under the name Pittsburgh Symphony Orchestra, is located in Pittsburgh, PA. The organization was established in 1938. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Pittsburgh Symphony Orchestra employed 440 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Symphony Orchestra is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Pittsburgh Symphony Orchestra generated $30.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $23.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTES A LOVE OF MUSIC BY MAINTAINING A SYMPHONY ORCHESTRA. OUR VISION IS GREAT MUSIC IN EVERY LIFE.

Describe the Organization's Program Activity:

THE PITTSBURGH SYMPHONY ORCHESTRA, WHICH CELEBRATES 126 YEARS OF MUSIC IN 2021, POSSESSES A RICH HISTORY OF THE WORLD'S FINEST CONDUCTORS AND MUSICIANS AND AN UNWAVERING COMMITMENT TO THE PITTSBURGH REGION AND ITS CITIZENS. SINCE 2008, THE ORCHESTRA HAS BEEN LED BY MUSIC DIRECTOR MANFRED HONECK, ONE OF THE WORLD'S LEADING CONDUCTORS, ADMIRED FOR HIS REVELATORY INTERPRETATIONS. PAST MUSIC DIRECTORS HAVE INCLUDED LEGENDARY CONDUCTORS SUCH AS ANDRE PREVIN, LORIN MAAZEL AND WILLIAM STEINBERG. THE PITTSBURGH SYMPHONY HAS A LONG, ILLUSTRIOUS HISTORY OF BROADCASTS AND RECORDINGS, WHICH INCLUDES TWO GRAMMY AWARDS IN 2018. WITH A LONG AND DISTINGUISHED HISTORY OF DOMESTIC AND FOREIGN TOURS DATING BACK TO 1900, PSI CONTINUES TO BE CRITICALLY ACCLAIMED AS ONE OF THE WORLD'S GREATEST ORCHESTRAS. FROM ITS HOME AT HEINZ HALL, THE ORCHESTRA TYPICALLY PERFORMS 20 WEEKENDS OF BNY MELLON GRAND CLASSICS, SEVEN WEEKENDS OF PNC POPS, THREE FIDDLESTICKS FAMILY CONCERTS, SPECIALS WITH ORCHESTRA AND GUEST ARTISTS, AND COUNTLESS EDUCATIONAL, CHILDREN'S, AND COMMUNITY OUTREACH PROGRAMS THAT IMPACT MORE THAN 300,000 PEOPLE EACH YEAR. SINCE THE GLOBAL PANDEMIC BEGAN, THE PSI HAS CONTINUED TO REACH AUDIENCES WORLDWIDE WITH SCORES OF DIVERSE DIGITAL OFFERINGS INCLUDING CONCERTS AND EDUCATIONAL RESOURCES. FALL 2021 MARKED THE RETURN TO IN-PERSON INDOOR CONCERTS AT HEINZ HALL, WHILE THE PSO CONTINUES TO OFFER DIGITAL CONTENT FOR THOSE NOT ABLE TO VISIT HEINZ HALL. THE COVID-19 PANDEMIC CONTINUES TO IMPACT THE FINANCES AND OPERATIONS OF THE PSO AND WILL CONTINUE TO DO SO IN THE FUTURE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Flying Scooter Productions Llc
Video Production
$262,896
Artsmarketing Services Inc
Telefundraising/telemarketing
$176,084
Wj Strickler Signs Inc
Digital Signs
$132,202
Manfred Honeck
Music Director
$230,000
Schneider Downs & Co Inc
Accounting And Tax Services
$126,536
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$416,697
Related organizations$1,310,698
Government grants $15,166,521
All other contributions, gifts, grants, and similar amounts not included above$9,036,862
Noncash contributions included in lines 1a–1f $305,250
Total Revenue from Contributions, Gifts, Grants & Similar$25,930,778
Total Program Service Revenue$191,978
Investment income $1,039,153
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $89,096
Net Gain/Loss on Asset Sales $3,354,211
Net Income from Fundraising Events $66,100
Net Income from Gaming Activities $54,098
Net Income from Sales of Inventory $14,570
Miscellaneous Revenue$0
Total Revenue $30,739,984

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Pittsburgh Symphony Inc has recieved totaling $7,000.

Awarding OrganizationAmount
Janes & Marilyn A Gilmore Foundation Ua

Pittsburgh, PA

PURPOSE: GENERAL

$6,000
Wagner Family Charible Tr Ua 11172000

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$133,096,319
Earnings$37,109,000
Admin Expense$446,000
Net Contributions$1,116,000
Other Expense$8,767,000
Ending Balance$162,108,319

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