Civic Intelligence

Pittsburgh Symphony Endowment

990 • Fiscal year 2024 • EIN 25-6056559

Sep 01, 2023 to Aug 31, 2024 • Filed on Jul 14, 2025

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

5th percentile

0.00x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$232,006

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

51st percentile

5.3%

Faster asset growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

22428%

Faster revenue growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,056,932

Up $507,160 (+5.3%) from 2023

Net Assets

Up

$10,056,932

Up $507,160 (+5.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$812,582

Up $808,975 (+22428%) from 2023

Expenses

Up

$678,736

Up $60,996 (+9.9%) from 2023

Net Income

Up

$133,846

Up $747,979 (+122%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$10,056,932
Liabilities$0
Net Assets$10,056,932

Operations Trend

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

2024

Revenue$812,582
Expenses$678,736
Net Income$133,846
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 14, 2025
Return Version
2023v6.0
Gross Receipts
$812,582
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$5,565,618$6,253,622▲ $688,004
Cash and Non-Interest-Bearing Accounts$3,984,154$3,803,310▼ $180,844
Total Assets$9,549,772$10,056,932▲ $507,160
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,549,772$10,056,932▲ $507,160
Total Net Assets Fund Balance$9,549,772$10,056,932▲ $507,160
Total Liabilities and Net Assets / Fund Balance$9,549,772$10,056,932▲ $507,160

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,253,622--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Corporate Trustee
Don BornemanTrustee
William S HartTrustee
Bridget Meacham KowalskiTrustee (entered 1/24)
Dan S SandmanTrustee (exited 11/23)
Scott MichaelTrustee (exited 12/23)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$812,582
Other Revenue
$0
Change in Net Assets
$133,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$774,124
Revenue Not Reported on Financial Statements
$38,458
Revenue Not Reported on Form 990
$371,177
Total Revenue per Audited Statements
$1,145,301
Total Revenue per Form 990
$812,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$640,278
Other Expenses$38,458
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$640,278--$640,278
Fees for Service Investment Mgmnt Fees-$38,458-$38,458
Total Functional Expenses$640,278$38,458$0$678,736

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$678,736
Expenses per Audited Statements$640,278
Total Expenses per Audited Statements$640,278
Expenses Not Reported on Financial Statements$38,458
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pittsburgh Symphony IncPittsburgh, PA501(c)(3)General Support$640,278
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
2025-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melia Tournageau
Formed
1963
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
2
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 2021, 2022 and 2023 remain open to examination.

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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:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0812582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01145301
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PITTSBURGH SYMPHONY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0250986052
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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:
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14781
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT MICHAEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRIDGET MEACHAM KOWALSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE (EXITED 12/23)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE (ENTERED 1/24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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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
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0640278
IRS990/TotalFunctionalExpensesGrp/TotalAmt0678736
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IRS990/TotalVolunteersCnt03
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