Civic Intelligence

Pittsburgh Symphony Endowment

990 • Fiscal year 2023 • EIN 25-6056559

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 11, 2024

Organization ProfileWWW.PITTSBURGHSYMPHONY.ORG
600 Penn AvenuePittsburgh, PA 15222

(412) 392-4809

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

1st percentile

-17026%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$223,771

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6203.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

22nd percentile

-3.0%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$9,549,772

Down $293,511 (-3.0%) from 2022

Net Assets

Down

$9,549,772

Down $293,511 (-3.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin1st percentile

Revenue

Down

$3,607

Down $868,297 (-100%) from 2022

Expenses

Up

$617,740

Up $560,099 (+972%) from 2022

Net Income

Down

-$614,133

Down $1,428,396 (-175%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2021: $11,263,355Liabilities 2021: $0Net Assets 2021: $11,263,3552021Assets 2022: $9,843,283Liabilities 2022: $0Net Assets 2022: $9,843,2832022Assets 2023: $9,549,772Liabilities 2023: $0Net Assets 2023: $9,549,7722023Assets 2024: $10,056,932Liabilities 2024: $0Net Assets 2024: $10,056,9322024

Highlighted filing

2023

Assets$9,549,772
Liabilities$0
Net Assets$9,549,772
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2021: $0Expenses 2021: $988,227Net Income 2021: -$988,2272021Revenue 2022: $871,904Expenses 2022: $57,641Net Income 2022: $814,2632022Revenue 2023: $3,607Expenses 2023: $617,740Net Income 2023: -$614,1332023Revenue 2024: $812,582Expenses 2024: $678,736Net Income 2024: $133,8462024

Highlighted filing

2023

Revenue$3,607
Expenses$617,740
Net Income-$614,133
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 11, 2024
Return Version
2022v5.0
Gross Receipts
$3,607
Mission and Program Overview

Mission

To provide financial assistance toward the maintenance in pittsburgh of a major symphony orchestra, pittsburgh symphony, inc.

To provide financial assistance to the pittsburgh symphony, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,429,469$5,565,618▲ $1,136,149
Cash and Non-Interest-Bearing Accounts$5,413,814$3,984,154▼ $1,429,660
Total Assets$9,843,283$9,549,772▼ $293,511
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,843,283$9,549,772▼ $293,511
Total Net Assets Fund Balance$9,843,283$9,549,772▼ $293,511
Total Liabilities and Net Assets / Fund Balance$9,843,283$9,549,772▼ $293,511

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,565,618--
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
-Corporate Trustee
Dan S SandmanTrustee
Don BornemanTrustee
Scott MichaelTrustee
William S HartTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,607
Other Revenue
$0
Change in Net Assets
$-614,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$-31,361
Revenue Not Reported on Financial Statements
$34,968
Revenue Not Reported on Form 990
$407,317
Total Revenue per Audited Statements
$375,956
Total Revenue per Form 990
$3,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$582,772
Other Expenses$34,968
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$582,772--$582,772
Fees for Service Investment Mgmnt Fees-$34,968-$34,968
Total Functional Expenses$582,772$34,968$0$617,740

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$617,740
Expenses per Audited Statements$582,772
Total Expenses per Audited Statements$582,772
Expenses Not Reported on Financial Statements$34,968
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pittsburgh Symphony IncPittsburgh, PA501(c)(3)General Support$582,772
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Pittsburgh Symphony Endowment
EIN
25-6056559
Phone
4123924809
Address
600 PENN AVENUE, PITTSBURGH, PA 15222

Signing Officer

Name
Bridget Meacham Kowalski
Title
Senior VP of Finance and CFO
Phone
4123924809
Signed
2024-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melia Tournageau
Formed
1963
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
3

Preparer

Firm
Schneider Downs & Co Inc
Address
ONE PPG PLACE SUITE 1700, PITTSBURGH, PA 15222
Preparer
Sarah R Piot
Phone
4122613644
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“No provision for federal taxes on income has been included in the financial statements, since psi qualifies as a tax-exempt organization, meeting the requirements of section 501(c)(3) of the internal revenue code. Psi has not identified any material uncertain tax positions requiring an accrual or disclosure in the financial statements. Psi's policy is to accrue interest and penalties related to unrecognized tax benefits in general and administrative expenses. The statutory tax years of 2020, 2021 and 2022 remain open to examination.”

Raw XML AppendixShowing 400 of 402 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO THE PITTSBURGH SYMPHONY, INC.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRIDGET MEACHAM KOWALSKI
IRS990/BooksInCareOfDetail/PhoneNum04123924809
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 PENN AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015222
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt05413814
IRS990/CashNonInterestBearingGrp/EOYAmt03984154
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0582772
IRS990/CYInvestmentIncomeAmt03607
IRS990/CYOtherExpensesAmt034968
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-614133
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0617740
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03607
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE PITTSBURGH SYMPHONY ENDOWMENT WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, SPECIFICALLY, THE PITTSBURGH SYMPHONY, INC.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt09843283
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt09549772
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0582772
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt034968
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt034968
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0BNY MELLON CORP
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240354
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DON BORNEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM S HART
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN S SANDMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2183417
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CORPORATE TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0582772
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0582772
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0582772
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03607
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03607
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03607
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04429469
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05565618
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, PITTSBURGH SYMPHONY, INC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09843283
IRS990/NetAssetsOrFundBalancesEOYAmt09549772
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0407317
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MELIA TOURNAGEAU
IRS990/PriorPeriodAdjustmentsAmt0-86695
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt057641
IRS990/PYInvestmentIncomeAmt0871904
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0814263
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt057641
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0871904
IRS990/ReconcilationRevenueExpnssAmt0-614133
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CONSISTENT WITH THE DEED OF TRUST, ALL INCOME OF THE PITTSBURGH SYMPHONY ENDOWMENT ("ENDOWMENT") IS PAID TO ITS SUPPORTED ORGANIZATION, PITTSBURGH SYMPHONY SOCIETY ("SOCIETY"). THE INVESTMENTS OF THE ENDOWMENT ARE HELD WITHIN THE SOCIETY'S ENDOWMENT IN A DESIGNATED FUND AND MANAGED BY THE SOCIETY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PITTSBURGH SYMPHONY ENDOWMENT ("ENDOWMENT") WAS CREATED BY DEED OF TRUST DATED NOVEMBER 18, 1963. THE ENDOWMENT WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, SPECIFICALLY, PITTSBURGH SYMPHONY, INC., ALSO KNOWN AS PITTSBURGH SYMPHONY SOCIETY ("SOCIETY"). THE DEED OF TRUST PROVIDES THAT ALL ENDOWMENT INCOME IS TO BE PAID TO THE SOCIETY IN SUPPORT OF THE PITTSBURGH SYMPHONY ORCHESTRA AND THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE SOCIETY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE PITTSBURGH SYMPHONY ENDOWMENT ("ENDOWMENT") WAS CREATED BY DEED OF TRUST DATED NOVEMBER 18, 1963. THE ENDOWMENT WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, SPECIFICALLY, PITTSBURGH SYMPHONY, INC., ALSO KNOWN AS PITTSBURGH SYMPHONY SOCIETY ("SOCIETY"). THE DEED OF TRUST PROVIDES THAT ALL ENDOWMENT INCOME IS TO BE PAID TO THE SOCIETY IN SUPPORT OF THE PITTSBURGH SYMPHONY ORCHESTRA AND THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE SOCIETY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, QUESTION 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, QUESTION 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, QUESTION 2B:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0250986052
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0617740
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PITTSBURGH SYMPHONY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0617740
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt034968
IRS990ScheduleD/ExpensesSubtotalAmt0582772
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt034968
IRS990ScheduleD/InvestmentExpensesNotIncldAmt034968
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0407317
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05565618
IRS990ScheduleD/OtherSecuritiesGrp/Desc0583,332 SHS RADCLIFFE INTERNATIONAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0407317
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt034968
IRS990ScheduleD/RevenueSubtotalAmt0-31361
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION FOR FEDERAL TAXES ON INCOME HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS, SINCE PSI QUALIFIES AS A TAX-EXEMPT ORGANIZATION, MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PSI HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PSI'S POLICY IS TO ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN GENERAL AND ADMINISTRATIVE EXPENSES. THE STATUTORY TAX YEARS OF 2020, 2021 AND 2022 REMAIN OPEN TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05565618
IRS990ScheduleD/TotalExpensesPerForm990Amt0617740
IRS990ScheduleD/TotalRevenuePerForm990Amt03607
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0375956
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0582772
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0582772
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PITTSBURGH SYMPHONY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0250986052
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 PENN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PITTSBURGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd015222
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE PITTSBURGH SYMPHONY ENDOWMENT ("ENDOWMENT") WAS CREATED BY DEED OF TRUST DATED NOVEMBER 18, 1963. THE ENDOWMENT WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, SPECIFICALLY, PITTSBURGH SYMPHONY, INC., ALSO KNOWN AS PITTSBURGH SYMPHONY SOCIETY ("SOCIETY"). THE DEED OF TRUST PROVIDES THAT ALL ENDOWMENT INCOME IS TO BE PAID TO THE SOCIETY IN SUPPORT OF THE PITTSBURGH SYMPHONY ORCHESTRA AND THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE SOCIETY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0183417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027182
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT MICHAEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0223771
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 AND REQUIRED SCHEDULES ARE REVIEWED BY THE FINANCE DEPARTMENT AND AUDIT COMMITTEE OF THE PITTSBURGH SYMPHONY. UPON COMPLETION OF THIS REVIEW THE FORM IS FINALIZED AND A COMPLETE COPY IS PROVIDED TO THE BOARD IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PITTSBURGH SYMPHONY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0250986052
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORTED ORGANIZATION OF THE PITTSBURGH SYMPHONY ENDOWMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0600 PENN AVEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PITTSBURGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd015222
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09843283
IRS990/TotalAssetsEOYAmt09549772
IRS990/TotalAssetsGrp/BOYAmt09843283
IRS990/TotalAssetsGrp/EOYAmt09549772
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034968
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0582772
IRS990/TotalFunctionalExpensesGrp/TotalAmt0617740
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09843283
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09549772
IRS990/TotalOtherCompensationAmt040354
IRS990/TotalProgramServiceExpensesAmt0582772
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03607
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03607
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09843283
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09549772
IRS990/TotReportableCompRltdOrgAmt0183417
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 PENN AVENUE
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015222
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PITTSBURGHSYMPHONY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIDGET MEACHAM KOWALSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SENIOR VP OF FINANCE AND CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04123924809
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PITTSBURGH SYMPHONY ENDOWMENT
ReturnHeader/Filer/BusinessNameControlTxt0PITT
ReturnHeader/Filer/EIN0256056559
ReturnHeader/Filer/PhoneNum04123924809
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 PENN AVENUE
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015222
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251408703
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHNEIDER DOWNS & CO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PPG PLACE SUITE 1700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015222
ReturnHeader/PreparerPersonGrp/PhoneNum04122613644
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH R PIOT
ReturnHeader/ReturnTs02024-07-12T10:24:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIDGET
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEACHAM KOWALSKI
ReturnHeader/TaxPeriodBeginDt02022-09-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,549,772
Liabilities
$0
Net assets
$9,549,772
Revenue
$3,607
Expenses
$617,740
Net income
-$614,133
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$0.81$0.68$0.13
2023Detailed filing. Detailed filing data is available for this year.$9.55$0.00$9.55$0.00$0.62$0.61
2022Detailed filing. Detailed filing data is available for this year.$9.84$0.00$9.84$0.87$0.06$0.81
2021Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.00$0.99$0.99