Overview
What is Pittsburgh Symphony Inc?
The Pittsburgh Symphony Inc, based in Pittsburgh, Pennsylvania, is a renowned nonprofit organization with a rich history that celebrated its 127th anniversary in 2022. It is led by Music Director Manfred Honeck, one of the world's leading conductors, and has been home to legendary conductors like Andre Previn, Lorin Maazel, and William Steinberg. With a commitment to the Pittsburgh region and its citizens, the orchestra has a long-standing reputation for world-class performances, with two Grammy Awards in 2018, and a history of domestic and international tours dating back to 1900. The Pittsburgh Symphony Orchestra (PSI) typically performs over 27 weekend concerts annually, including Grand Classics, PNC Pops, and educational programs, impacting over 300,000 people each year. During the global pandemic, the organization expanded its reach through diverse digital offerings, including concerts and educational resources. The mission of Pittsburgh Symphony Inc is to engage, enrich, and inspire through unparalleled live musical experiences. Their vision is to promote a love of music in every life. The organization employs a total of 444 individuals.
Official website here: www.pittsburghsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Pittsburgh Symphony Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 100% in this category, which indicates robust financial health and a high level of transparency. The evaluation is based solely on a single beacon score that emphasizes the importance of sound financial practices in nonprofit management.
One of the standout features of Pittsburgh Symphony is its governance structure, with 98% of its board members being independent. This independence is crucial for objectivity and effective oversight, as evidenced by a well-sized board with 49 independent members. Other strengths include a solid audit and oversight committee, the absence of material asset diversion, and comprehensive policies on conflicts of interest and whistleblowing.
Despite these strengths, the data does not highlight any specific limitations or areas for improvement for Pittsburgh Symphony Inc. The organization appears to have a strong financial foundation, with a program expense ratio of 84.81%, indicating that the majority of its expenses are directed toward its programs. Overall, the nonprofit showcases exemplary practices that contribute to its high rating.
This AI summary has been generated from information found on Charity Navigator.
Is Pittsburgh Symphony Inc legitimate?
Pittsburgh Symphony Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pittsburgh Symphony Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $868,013
Professional Fundraising Fees: $59,889
Other Salaries and Wages: $16,422,927
For more financial information, click here
Official website here: www.pittsburghsymphony.org
What is the mission statement of Pittsburgh Symphony Inc?
The Pittsburgh Symphony Orchestra, boasting a rich history spanning over a century, is dedicated to fostering a love for music and enriching lives through unparalleled live musical experiences. With a roster of world-renowned conductors and musicians, the orchestra has earned critical acclaim and two Grammy Awards. Its mission extends beyond performances, reaching over 300,000 people annually through educational, children's, and community outreach programs. Since the onset of the pandemic, the orchestra has expanded its reach by offering diverse digital content encompassing concerts and educational resources.
Official website here: www.pittsburghsymphony.org
Who is the CEO of Pittsburgh Symphony Inc?
Melia Tourangeau is the President & Ceo of Pittsburgh Symphony Inc. The CEO's salary of Pittsburgh Symphony Inc is $397,535 and their total compensation is $431,235.
Official website here: www.pittsburghsymphony.org
What is the revenue of Pittsburgh Symphony Inc?
Pittsburgh Symphony Inc's revenue in 2022 was $35,674,466.
Official website here: www.pittsburghsymphony.org
Who are the executives of Pittsburgh Symphony Inc and what are their salaries?
The average compensation at Pittsburgh Symphony Inc during 2022 was $38,944. There are 444 employees and 110 volunteers at Pittsburgh Symphony Inc.
Here are 63 key members and their salaries (Pittsburgh Symphony Inc's CEO's salary is $397,535 and their total compensation is $431,235):
- Compensation: $397,535
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- Compensation: $150,706
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- Other: $7,204
Official website here: www.pittsburghsymphony.org
Where can I find the form 990 for Pittsburgh Symphony Inc?
Pittsburgh Symphony Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pittsburghsymphony.org
Learn more at the official website: www.pittsburghsymphony.org
Mission Statement of Pittsburgh Symphony Inc
Pittsburgh Symphony Inc, a renowned organization that fosters a deep-rooted love for music, fulfills its mission by maintaining a world-class symphony orchestra. This esteemed ensemble strives to engage, enrich, and inspire audiences through unparalleled live musical experiences.
Founded over a century ago, the Pittsburgh Symphony Orchestra boasts an impressive lineage of esteemed conductors and musicians. Since 2008, the orchestra has been under the leadership of Music Director Manfred Honeck, a renowned conductor recognized for his insightful interpretations. Previous illustrious conductors include Andre Previn, Lorin Maazel, and William Steinberg.
The Pittsburgh Symphony Orchestra's legacy extends far beyond its rich history of legendary conductors and musicians. With an unwavering commitment to its community, the orchestra has amassed two Grammy Awards and a long-standing reputation as one of the world's greatest orchestras. The ensemble delivers a diverse range of performances, including 20 weekends of BNY Mellon Grand Classics, seven weekends of PNC Pops, three Fiddlesticks Family Concerts, special collaborations with guest artists, and countless educational, children's, and community outreach programs that impact over 300,000 people annually.
Since the onset of the global pandemic, the Pittsburgh Symphony has continued to connect with audiences worldwide through an array of digital offerings. These diverse resources include live-streamed concerts and educational resources. Despite the challenges presented by the pandemic, the Pittsburgh Symphony has remained committed to its mission, engaging, enriching, and inspiring through the power of music.
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Impact
October, 2024
Pittsburgh Symphony Inc. profoundly enriches the cultural fabric of the Pittsburgh region and beyond by promoting a love of music through its symphony orchestra. With a rich legacy spanning over 127 years, the orchestra fosters community engagement and education through a diverse array of performances and outreach programs, impacting more than 300,000 individuals annually. Under the leadership of esteemed Music Director Manfred Honeck, the PSO has gained recognition for its artistic excellence, receiving accolades including two Grammy Awards.
The orchestra's commitment to accessibility and education is evident in its wide-ranging initiatives, which include family concerts, educational resources, and community outreach efforts that strive to inspire and engage audiences of all ages. Since the onset of the global pandemic, the PSO has continued to adapt by offering virtual concerts and diverse digital programming, ensuring that the joy of live music reaches audiences worldwide.
Performances at Heinz Hall feature a calendar filled with classic symphonic works, popular concerts, and special events that cater to a variety of musical tastes. By connecting people to the transformative power of music, Pittsburgh Symphony Inc. not only celebrates its storied past but also shapes the artistic landscape for the future, providing invaluable experiences that resonate deeply within the community.
This information is meant to be a general summary of Pittsburgh Symphony Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,820,451
- Program Service Revenue: $6,519,637
- Gross Receipts: $76,186,718
Assets and Liabilities:
- Total Assets: $168,227,004
- Total Liabilities: $19,788,574
- Net Assets: $148,438,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUE
Revenue
$6,500,630
AUXILIARY REVENUE
Revenue
$19,007
Organization Details
Founding Year
1935
Phone
(412) 392-4813Principal Officer
Melia Tourangeau
Main Address
600 PENN AVENUE, PITTSBURGH, PA, 152223209
Website
www.pittsburghsymphony.orgNTEE Category
Code: A690 - Arts
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