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Nonprofiteer
← PITTSBURGH SYMPHONY INC

Form 990 for tax year 2024

Filed by PITTSBURGH SYMPHONY INC.

Totals

Total revenue
$51,388,751
Total expenses
$44,817,759
Contributions and grants received
$26,839,389
Grants paid
$0
Program service revenue
$11,494,914
Investment income
$11,736,863
Other revenue
$1,317,585
Total assets, end of year
$193,591,073
Total liabilities, end of year
$18,186,231
Net assets or fund balances, end of year
$175,404,842
Program services expenses (Part IX)
$38,215,101
Management and general expenses
$4,211,240
Fundraising expenses
$2,391,418
Program service expenses (Part III)
$38,215,101

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,132,766

  • 1d · Related organizations

    $1,157,023

  • 1e · Government grants (contributions)

    $4,786,150

  • 1f · All other contributions, gifts and grants

    $19,763,450

  • 1g · Noncash contributions included above

    $1,004,024

  • 2a · Program service revenue: PERFORMANCE REVENUE

    total $11,372,267 · related or exempt $11,372,267

  • 2b · Program service revenue: ADVERTISING REVENUE

    total $74,439 · unrelated business $74,439

  • 2c · Program service revenue: AUXILIARY REVENUE

    total $48,208 · related or exempt $48,208

  • 3 · Investment income

    total $2,055,102 · unrelated business $46,506 · excluded $2,008,596

  • 6a · Gross rents

    real property $2,605,035

  • 6b · Less rental expenses

    real property $1,186,837

  • 6c · Rental income or loss

    real property $1,418,198

  • 6d · Net rental income or loss

    total $1,418,198 · related or exempt $1,418,198

  • 7a · Gross sales of assets other than inventory

    securities $73,483,000

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

    securities $63,801,239

  • 7c · Gain or loss

    securities $9,681,761

  • 7d · Net gain or loss

    total $9,681,761 · excluded $9,681,761

  • 8a · Fundraising events: gross income

    $537,002

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

    $1,132,766

  • 8b · Fundraising events: direct expenses

    $652,191

  • 8c · Net income from fundraising events

    total -$115,189 · excluded -$115,189

  • 9a · Gaming: gross income

    $32,975

  • 9b · Gaming: direct expenses

    $8,412

  • 9c · Net income from gaming

    total $24,563 · excluded $24,563

  • 10a · Gross sales of inventory

    $57,014

  • 10b · Cost of goods sold

    $67,001

  • 10c · Net income from sales of inventory

    total -$9,987 · excluded -$9,987

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,000,738 · program services $285,081 · management and general $456,023 · fundraising $259,634

  • 7 · Other salaries and wages

    total $20,783,731 · program services $18,748,008 · management and general $1,018,740 · fundraising $1,016,983

  • 8 · Pension plan contributions

    total $2,844,643 · program services $2,559,588 · management and general $161,015 · fundraising $124,040

  • 9 · Other employee benefits

    total $1,200,413 · program services $912,398 · management and general $124,287 · fundraising $163,728

  • 10 · Payroll taxes

    total $1,666,564 · program services $1,434,274 · management and general $146,022 · fundraising $86,268

  • 11a · Fees: management

    total $71,725 · management and general $52,930 · fundraising $18,795

  • 11b · Fees: legal

    total $155,012 · program services $100 · management and general $154,912

  • 11c · Fees: accounting

    total $329,500 · management and general $329,500

  • 11d · Fees: lobbying

    total $120,416 · fundraising $120,416

  • 11e · Fees: professional fundraising services

    total $204,791 · fundraising $204,791

  • 11f · Fees: investment management

    total $459,685 · management and general $459,685

  • 11g · Fees: other

    total $1,174,342 · program services $1,034,617 · fundraising $139,725

  • 12 · Advertising and promotion

    total $1,939,494 · program services $1,939,494

  • 13 · Office expenses

    total $722,719 · program services $471,926 · management and general $94,657 · fundraising $156,136

  • 14 · Information technology

    total $125,985 · management and general $125,985

  • 16 · Occupancy

    total $619,831 · program services $619,831

  • 17 · Travel

    total $984,560 · program services $984,560

  • 19 · Conferences, conventions and meetings

    total $129,797 · program services $50,569 · management and general $38,265 · fundraising $40,963

  • 20 · Interest

    total $652,863 · management and general $652,863

  • 22 · Depreciation, depletion and amortization

    total $1,051,473 · program services $908,611 · management and general $142,862

  • 23 · Insurance

    total $284,493 · program services $245,497 · management and general $38,996

  • 24a · Other expenses: GUEST ARTISTS

    total $5,041,630 · program services $5,041,630

  • 24b · Other expenses: PRODUCTION

    total $2,812,295 · program services $2,812,295

  • 24c · Other expenses: PROGRAM BOOKS

    total $223,967 · program services $121,836 · management and general $61,153 · fundraising $40,978

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $158,749 · program services $44,786 · management and general $110,420 · fundraising $3,543

  • 24e · All other expenses

    total $58,343 · management and general $42,925 · fundraising $15,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $726,041 · end of year $1,818,156

  • 2 · Savings and temporary cash investments

    beginning of year $88,327 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $7,950,070 · end of year $9,294,695

  • 4 · Accounts receivable

    beginning of year $6,945,485 · end of year $2,081,935

  • 7 · Other notes and loans receivable

    beginning of year $103,628 · end of year $85,386

  • 8 · Inventories for sale or use

    beginning of year $11,614 · end of year $13,454

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,048,256 · end of year $838,897

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

    $60,390,872

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

    $38,399,264

  • 10c · Land, buildings and equipment, net

    beginning of year $22,874,674 · end of year $21,991,608

  • 11 · Investments: publicly traded securities

    beginning of year $83,880,110 · end of year $73,219,511

  • 12 · Investments: other securities

    beginning of year $59,282,741 · end of year $79,303,951

  • 15 · Other assets

    beginning of year $4,682,069 · end of year $4,943,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,023,125 · end of year $2,595,505

  • 19 · Deferred revenue

    beginning of year $4,653,342 · end of year $4,610,074

  • 23 · Secured mortgages and notes payable

    beginning of year $8,581,339 · end of year $1,448,125

  • 25 · Other liabilities

    beginning of year $9,429,373 · end of year $9,532,527

  • 27 · Net assets without donor restrictions

    beginning of year $6,177,000 · end of year $7,885,000

  • 28 · Net assets with donor restrictions

    beginning of year $157,728,836 · end of year $167,519,842

Mission and programs · 2024

Mission

IT IS THE MISSION OF THE PITTSBURGH SYMPHONY ORCHESTRA TO ENGAGE, ENRICH, AND INSPIRE THROUGH UNPARALLELED LIVE MUSICAL EXPERIENCES.

Activities or mission (Part I)

PROMOTES A LOVE OF MUSIC BY MAINTAINING A SYMPHONY ORCHESTRA. OUR VISION IS GREAT MUSIC IN EVERY LIFE.

  • THE PITTSBURGH SYMPHONY ORCHESTRA, WHICH CELEBRATED 125 YEARS OF MUSIC IN 2021, POSSESSES A RICH HISTORY OF THE WORLD'S FINEST CONDUCTORS AND MUSICIANS AND AN UNWAVERING COMMITMENT TO THE PITTSBURGH REGION AND ITS CITIZENS. SINCE 2008, THE ORCHESTRA HAS BEEN LED BY MUSIC DIRECTOR MANFRED HONECK, ONE OF THE WORLD'S LEADING CONDUCTORS, ADMIRED FOR HIS REVELATORY INTERPRETATIONS. PAST MUSIC DIRECTORS HAVE INCLUDED LEGENDARY CONDUCTORS SUCH AS ANDRE PREVIN, LORIN MAAZEL AND WILLIAM STEINBERG. SEE CONTINUATION ON SCHEDULE O.THE PITTSBURGH SYMPHONY HAS A LONG, ILLUSTRIOUS HISTORY OF BROADCASTS AND RECORDINGS, WHICH INCLUDES TWO GRAMMY AWARDS IN 2018 AND A GRAMMY AWARD IN 2025. WITH A LONG AND DISTINGUISHED HISTORY OF DOMESTIC AND FOREIGN TOURS DATING BACK TO 1900, PSI CONTINUES TO BE CRITICALLY ACCLAIMED AS ONE OF THE WORLD'S GREATEST ORCHESTRAS. FROM ITS HOME AT HEINZ HALL, THE ORCHESTRA TYPICALLY PERFORMS 20 WEEKENDS OF BNY MELLON GRAND CLASSICS, SEVEN WEEKENDS OF PNC POPS, FIVE FIDDLESTICKS FAMILY CONCERTS, SPECIALS WITH ORCHESTRA AND GUEST ARTISTS, AND COUNTLESS EDUCATIONAL, CHILDREN'S, AND COMMUNITY OUTREACH PROGRAMS THAT IMPACT MORE THAN 300,000 PEOPLE EACH YEAR.

    Expenses $38,215,101 · Revenue $11,494,914

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melia Tourangeau

    PRESIDENT & CEO

    Total calculated
    $532,151
    From this org
    $493,214
    From related orgs
    $0
    Other
    $38,937
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $443,214
    Bonus
    $50,000
    Other
    $0
    Deferred
    $11,600
    Nontaxable benefits
    $27,337
    Filer's total
    $532,151
  • Anthony Bucci

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Richard P Simmons

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    2
  • Michael Devanney

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Jon D Walton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Debra L Caplan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • David Cable

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Amy Sebastian

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Michele Atkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Wendy Barensfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Robin Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eric Boughner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ellen Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ja'Ron Bridges

    DIRECTOR (EXIT 3/25)

    Total calculated
    $0
    Hours/week
    2
  • Earl Buford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christine Camsuzou

    DIRECTOR (ENTERED 03/25)

    Total calculated
    $0
    Hours/week
    2
  • Jeffrey Craft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ann Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mark Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alexa Forte

    DIRECTOR (EXIT 7/25)

    Total calculated
    $0
    Hours/week
    2
  • Anne Gailliot

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Marita Garrett

    DIRECTOR (EXIT 1/25)

    Total calculated
    $0
    Hours/week
    2
  • Julie Gulick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Matthew Helfrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas B Hotopp

    DIRECTOR (EXIT 3/25)

    Total calculated
    $0
    Hours/week
    2
  • Gabe Hudock

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Betsy Hurtt

    DIRECTOR (ENTERED 07/25)

    Total calculated
    $0
    Hours/week
    2
  • Thomas Kavanaugh

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Gina Laite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kurt Lesker

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Michael Maglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christopher McComish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Susan McGuinn

    DIRECTOR(ENTERED 01/25)

    Total calculated
    $0
    Hours/week
    2
  • Barbara Mistick

    DIRECTOR(ENTERED 01/25)

    Total calculated
    $0
    Hours/week
    2
  • Donald I Moritz

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Abby Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Beejee Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marlee Myers

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Elliott S Oshry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Reshma Paranjpe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Seth Pearlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brian Portman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Rackoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Maria Raymond

    DIRECTOR (ENTERED 11/24)

    Total calculated
    $0
    Hours/week
    2
  • Robert Reilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jim Rimmel

    DIRECTOR (ENTERED 07/25)

    Total calculated
    $0
    Hours/week
    2
  • Jose Sanchez

    DIRECTOR(ENTERED 01/25)

    Total calculated
    $0
    Hours/week
    2
  • Janet Sarbaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Gregory Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Leigh Solomon Pugliano

    DIRECTOR (ENTERED 05/25)

    Total calculated
    $0
    Hours/week
    2
  • Jin Song

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Douglas Stirling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Niki Theophilus

    DIRECTOR(ENTERED 01/25)

    Total calculated
    $0
    Hours/week
    2
  • Craig A Tillotson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Todd

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Matt Tokorcheck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christine Toretti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ryan Vaccaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Markus Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Helge H Wehmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael J White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joel Yuhas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bridget Meacham Kowalski

    SVP & CFO

    Total calculated
    $205,439
    From this org
    $172,354
    From related orgs
    $0
    Other
    $33,085
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $172,354
    Bonus
    $0
    Other
    $0
    Deferred
    $7,170
    Nontaxable benefits
    $25,915
    Filer's total
    $205,439
  • Martin Bates

    SVP & COO

    Total calculated
    $300,949
    From this org
    $264,645
    From related orgs
    $0
    Other
    $36,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,645
    Bonus
    $0
    Other
    $0
    Deferred
    $10,675
    Nontaxable benefits
    $25,629
    Filer's total
    $300,949
  • Mary Anne Talotta

    SVP & CDO

    Total calculated
    $200,267
    From this org
    $183,777
    From related orgs
    $0
    Other
    $16,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,777
    Bonus
    $0
    Other
    $0
    Deferred
    $7,458
    Nontaxable benefits
    $9,032
    Filer's total
    $200,267
  • Micah Wilkinson

    PRINCIPAL TRUMPET

    Total calculated
    $255,513
    From this org
    $222,679
    From related orgs
    $0
    Other
    $32,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,637
    Bonus
    $0
    Other
    $42
    Deferred
    $8,665
    Nontaxable benefits
    $24,169
    Filer's total
    $255,513
  • Justine Campagna

    ASSISTANT CONCERTMASTER

    Total calculated
    $216,374
    From this org
    $206,533
    From related orgs
    $0
    Other
    $9,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,499
    Bonus
    $0
    Other
    $34
    Deferred
    $8,665
    Nontaxable benefits
    $1,176
    Filer's total
    $216,374
  • David McCarroll

    CONCERTMASTER

    Total calculated
    $369,390
    From this org
    $337,096
    From related orgs
    $0
    Other
    $32,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,058
    Bonus
    $0
    Other
    $38
    Deferred
    $8,665
    Nontaxable benefits
    $23,629
    Filer's total
    $369,390
  • William Caballero

    PRINCIPAL FRENCH HORN

    Total calculated
    $365,289
    From this org
    $316,856
    From related orgs
    $0
    Other
    $48,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,323
    Bonus
    $0
    Other
    $533
    Deferred
    $17,005
    Nontaxable benefits
    $31,428
    Filer's total
    $365,289
  • Cynthia Dealmeida

    PRINCIPAL OBOE

    Total calculated
    $315,225
    From this org
    $293,855
    From related orgs
    $0
    Other
    $21,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,322
    Bonus
    $0
    Other
    $533
    Deferred
    $18,630
    Nontaxable benefits
    $2,740
    Filer's total
    $315,225

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
CLUB MEMBERSHIPS; IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE ORGANIZATION, THE ORGANIZATION PAYS THE DUES FOR MEMBERSHIP IN THE DUQUENSE CLUB.
PART I, LINE 7
THE PRESIDENT & CEO RECEIVED A BONUS IN THE AMOUNT OF $50,000 IN CALENDAR YEAR 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202631909349300413

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