The Pittsburgh Trust for Cultural Resources

“The organization amended their bylaws and amended the articles of incorporation during 2024 to change the organization's name from "the pittsburgh trust for cultural resources" to the "pittsburgh cultural trust; to update description of the mission; to strengthen board administration and procedures; and to update for new technology (i.e. Video conferencing, electronic communications, signatures and records).”

“The draft form 990, 990-t and required schedules are reviewed with the pittsburgh cultural trusts' internal management as well as the audit committee. Upon completion of this review, the forms are finalized and a complete copy is provided to the board of trustees.”

“On an annual basis, officers, directors and key employees receive a copy of the trust's existing conflict of interest policy along with a conflict of interest disclosure form for completion. This conflict of interest disclosure form include requirements to disclose potential conflicts that exist at the date of completion as well as the obligation by the individual to inform the trust of any potential conflicts that may arise in the future. The completed and signed forms are reviewed by the governance and executive committees and monitored throughout the year by leadership of these two committees. In addition, any conflict of interest and the resolution thereof is contemporaneously documented in the trust's board meeting minutes.”

“The trust has a formal annual employee performance review process for all staff. General and merit increases are granted based on organizational pay ranges; the overall parameters having been approved by the trust's budget committee. Additional steps and benchmarking occur for the president/ceo and senior staff through the participation in multiple industry salary surveys and the review and approval by the trust's executive committee. All changes and decisions are documented in the trust's executive committee minutes.”

“A copy of the organization's conflict of interest policy, governing documents and audited financial statements are available to the public upon request.”

“The following individuals serve as ex-officio trustees of the pittsburgh trust for cultural resources with no voting rights: ed gainey (mayor), sara innamorato (county exec), daniel lavelle (city council), jean anne hattler (opera), tracey mccants lewis (awaacc), bal srinivasan (ppt), anthony bucci (pso), alex overstrom (clo), and ayana teter (pbt).”

“A critical part of the trust's mission is to help maintain the arts eco-system and provide annual financial support of over $4 million to typically more than 1,000 arts organizations and artists throughout the region. The trust does this through programs such as theater rental subsidies, joint marketing, and other operational support. In addition, the trust provides services such as the deployment and support of ticketing, fundraising, and marketing software to 10 separate organizations, processes $86 million of activity for these organizations beyond what is reported in this form 990. Every year the trust makes available over $500,000 in free and discounted tickets to underserved audiences throughout the region as well as numerous free uses of trust facilities for community groups. In a typical year the trust provides over $2 million in free programming every year, attracting hundreds of thousands of visitors from across the region. Through its own programming, events and activities, as well as all of what it supports, the trust generates and pays close to $2.9 million annually in parking, amusement and real estate taxes.”

“The trust's financial statements are audited by an independent accounting firm. In addition, the trust has a committee that assumes the responsibility for oversight of the audit of its financial statements and its selection of the independent accountant. This process has not changed from the prior year.”