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Nonprofiteer
← PITTSBURGH SYMPHONY ENDOWMENT

Form 990 for tax year 2023

Filed by PITTSBURGH SYMPHONY ENDOWMENT.

Totals

Total revenue
$812,582
Total expenses
$678,736
Contributions and grants received
$0
Grants paid
$640,278
Program service revenue
$0
Investment income
$812,582
Other revenue
$0
Total assets, end of year
$10,056,932
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,056,932
Program services expenses (Part IX)
$640,278
Management and general expenses
$38,458
Fundraising expenses
$0
Program service expenses (Part III)
$640,278

Program services were 94.3% 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.

  • 3 · Investment income

    total $52,849 · excluded $52,849

  • 7a · Gross sales of assets other than inventory

    securities $759,733

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

    securities $0

  • 7c · Gain or loss

    securities $759,733

  • 7d · Net gain or loss

    total $759,733 · excluded $759,733

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $640,278 · program services $640,278

  • 11f · Fees: investment management

    total $38,458 · management and general $38,458

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,984,154 · end of year $3,803,310

  • 12 · Investments: other securities

    beginning of year $5,565,618 · end of year $6,253,622

  • 28 · Net assets with donor restrictions

    beginning of year $9,549,772 · end of year $10,056,932

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, PITTSBURGH SYMPHONY, INC.

Activities or mission (Part I)

TO PROVIDE FINANCIAL ASSISTANCE TO THE PITTSBURGH SYMPHONY, INC.

  • THE PITTSBURGH SYMPHONY ENDOWMENT WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE TOWARD THE MAINTENANCE IN PITTSBURGH OF A MAJOR SYMPHONY ORCHESTRA, SPECIFICALLY, THE PITTSBURGH SYMPHONY, INC.

    Expenses $640,278 · Grants $640,278

As filed on the 2023 return.

Listed in Part VII

  • DON BORNEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM S HART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT MICHAEL

    TRUSTEE (EXITED 12/23)

    Total calculated
    $232,006
    From this org
    $0
    From related orgs
    $188,793
    Other
    $43,213
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,793 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,705 related
    Nontaxable benefits
    $0 + $29,508 related
    Filer's total
    $0 + $232,006 related

  • DAN S SANDMAN

    TRUSTEE (EXITED 11/23)

    Total calculated
    $0
    Hours/week
    0.5

  • BRIDGET MEACHAM KOWALSKI

    TRUSTEE (ENTERED 1/24)

    Total calculated
    $150,493
    From this org
    $0
    From related orgs
    $120,467
    Other
    $30,026
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,467 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,781 related
    Nontaxable benefits
    $0 + $25,245 related
    Filer's total
    $0 + $150,493 related

  • BNY MELLON CORP

    CORPORATE TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202521969349300812

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