Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $1,569,330

• 1c · Fundraising events

  $188,953

• 1e · Government grants (contributions)

  $906,668

• 1f · All other contributions, gifts and grants

  $2,024,440

• 1g · Noncash contributions included above

  $136,239

• 2a · Program service revenue: PERFORMANCE REVENUE

  total $1,095,230 · related or exempt $1,084,985 · unrelated business $10,245

• 2b · Program service revenue: RESIDENT ARTIST PROG. REV.

  total $96,357 · related or exempt $96,357

• 2c · Program service revenue: OUTREACH AND EDUCATION

  total $37,247 · related or exempt $37,247

• 3 · Investment income

  total $983,550 · excluded $983,550

• 6a · Gross rents

  real property $115,620

• 6b · Less rental expenses

  real property $8,857

• 6c · Rental income or loss

  real property $106,763

• 6d · Net rental income or loss

  total $106,763 · excluded $106,763

• 7a · Gross sales of assets other than inventory

  securities $5,780,377

• 7b · Less cost or other basis and sales expenses

  securities $5,505,914

• 7c · Gain or loss

  securities $274,463

• 7d · Net gain or loss

  total $274,463 · excluded $274,463

• 8a · Fundraising events: gross income

  $317,903

• 8a · Fundraising events: contributions included on line 1c

  $188,953

• 8b · Fundraising events: direct expenses

  $134,306

• 8c · Net income from fundraising events

  total $183,597 · excluded $183,597

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $226,136 · program services $226,136

• 5 · Compensation of officers, directors and key employees

  total $494,817 · program services $128,439 · management and general $366,378

• 7 · Other salaries and wages

  total $4,048,130 · program services $2,930,028 · management and general $611,503 · fundraising $506,599

• 8 · Pension plan contributions

  total $62,602 · program services $45,585 · management and general $13,249 · fundraising $3,768

• 9 · Other employee benefits

  total $245,772 · program services $70,404 · management and general $140,253 · fundraising $35,115

• 10 · Payroll taxes

  total $282,788 · program services $129,776 · management and general $111,837 · fundraising $41,175

• 11c · Fees: accounting

  total $42,733 · management and general $42,091 · fundraising $642

• 11d · Fees: lobbying

  total $41,000 · fundraising $41,000

• 11f · Fees: investment management

  total $125,541 · management and general $117,848 · fundraising $7,693

• 11g · Fees: other

  total $760,664 · program services $484,508 · management and general $198,452 · fundraising $77,704

• 12 · Advertising and promotion

  total $444,282 · program services $293,599 · management and general $148,694 · fundraising $1,989

• 13 · Office expenses

  total $129,604 · program services $21,170 · management and general $90,391 · fundraising $18,043

• 14 · Information technology

  total $190,792 · program services $4,357 · management and general $144,408 · fundraising $42,027

• 15 · Royalties

  total $16,675 · program services $16,675

• 16 · Occupancy

  total $495,372 · program services $244,600 · management and general $250,772

• 17 · Travel

  total $79,681 · program services $29,764 · management and general $46,612 · fundraising $3,305

• 19 · Conferences, conventions and meetings

  total $103 · management and general $103

• 20 · Interest

  total $8 · management and general $8

• 22 · Depreciation, depletion and amortization

  total $224,168 · management and general $224,168

• 23 · Insurance

  total $103,961 · program services $3,600 · management and general $100,361

• 24a · Other expenses: PRODUCTION SETS/COSTUME

  total $495,688 · program services $492,935 · management and general $2,753

• 24b · Other expenses: FUNDRAISING EXPENSES

  total $96,584 · management and general $298 · fundraising $96,286

• 24c · Other expenses: CAST HOUSING

  total $91,699 · program services $91,699

• 24e · All other expenses

  total $558 · program services $558

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,302,006 · end of year $541,478

• 2 · Savings and temporary cash investments

  beginning of year $1,108,000 · end of year $1,247,000

• 3 · Pledges and grants receivable

  beginning of year $2,565,777 · end of year $2,380,270

• 4 · Accounts receivable

  beginning of year $39,125 · end of year $46,224

• 9 · Prepaid expenses and deferred charges

  beginning of year $136,412 · end of year $129,015

• 10a · Land, buildings and equipment: cost or other basis

  $7,264,119

• 10b · Land, buildings and equipment: accumulated depreciation

  $3,166,969

• 10c · Land, buildings and equipment, net

  beginning of year $4,295,654 · end of year $4,097,150

• 11 · Investments: publicly traded securities

  beginning of year $23,736,801 · end of year $24,884,627

• 12 · Investments: other securities

  beginning of year $813,819 · end of year $846,902

• 17 · Accounts payable and accrued expenses

  beginning of year $356,483 · end of year $157,682

• 19 · Deferred revenue

  beginning of year $391,842 · end of year $315,628

• 27 · Net assets without donor restrictions

  beginning of year $5,598,141 · end of year $5,437,411

• 28 · Net assets with donor restrictions

  beginning of year $27,651,128 · end of year $28,261,945

The filer's explanations (Part III)

PART I, LINE 1B

THE PITTSBURGH OPERA PAYS FOR THE INITIATION FEE AND QUARTERLY DUES TO BELONG TO THE DUQUESNE CLUB. THE PAYMENT OF THE BUSINESS CLUB DUES AND INITIATION FEES WERE APPROVED BY THE PRESIDENT OF THE BOARD, IN CONSULTATION WITH ANOTHER DESIGNATED BOARD MEMBER. DURING THE FISCAL YEAR ALL USE OF THE FACILITIES WERE DIRECTLY RELATED TO BUSINESS ACTIVITIES OF THE PITTSBURGH OPERA.