Pittsburgh Symphony Inc.

“The executive committee shall have all the powers and exercise all of the authority of the board of trustees, except as may be specially limited by the board of trustees or otherwise restricted by law.”

“A family relationship exists between benno bernt and constance bernt.”

“All citizens of the community who contribute such annual amount as shall be set from time to time by the board of trustees of pittsburgh symphony, inc. (symphony) shall be members of the symphony during the remainder of the fiscal year in which such contribution was made during the next succeeding fiscal year.”

“The business at the annual meeting of members includes the election of trustees. At each annual meeting of members, the members shall elect trustees of the class whose term is expiring, to hold office until the end of the third year commencing with the date of assumption of office.”

“The draft form 990 and required schedules are reviewed by the finance department. Upon completion of this review the form is finalized and a complete copy is provided to the audit committee in advance of filing with the internal revenue service.”

“On an annual basis, conflict of interest disclosure forms are distributed and collected by the cfo. The organization insists on 100% participation. Therefore, any unreturned forms are followed up on. The conflict of interest statements are reviewed by the cfo for any potential conflicts. Any issues discovered are brought to the attention of the audit committee.”

“The compensation committee, which is a subcommittee of the board, meets periodically to set the compensation of the president and music director. The committee uses comparable data from other orchestras as well as other local non-profit organizations to determine compensation.”

“Three years of audited financial statements are available to the public via the organization's website. The conflict of interest policy and governing documents are available upon request.”

“The following individuals serve as emeritus trustees of pittsburgh symphony with no voting rights: deborah acklin, erin allen, sue breedlove, richard fitzgerald, kenneth gormley, paul hennigan, christopher howard, farnam jahanian, steve kostyniak, suzanne mellon, susanne park, william peduto, and paul silver.”

“This includes all gross revenue, including proceeds from sales of securities.”

“All individuals employed by pso at any point during the calendar year: 96 full-time musicians; 137 extra musicians (fte 9); 93 full-time staff; 132 extra stagehands (fte 5); 55 ushers (fte 7); 15 part-time customer service reps(5 fte); and 28 part-time staff (4 fte).”

“Does not include net unrealized gains on investments of $9,886,008 (see part xi, line 5).”

“Current year audit net loss of $12.6 million. See reconciliation of net assets in part xi. Differences in tax to audit include unrealized gains on investments, other changes in pension plan assets and obligations, and activity reported on the 990-pf of the separate legal entity, 1963 endowment (which is consolidated for audit purposes).”

“Other changes in pension plan assets & obligations 4,986,806.”

“Pittsburgh symphony's financial statements are audited by an independent accounting firm to be selected by the audit committee or, in the absence of such, a selection by the board of trustees. This process has not changed from the prior year.”