Pittsburgh Symphony Inc in Pittsburgh, Pennsylvania (PA)

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Pittsburgh Symphony Inc
Employer Identification Number (EIN)250986052
Name of OrganizationPittsburgh Symphony Inc
Address600 Penn Avenue, Pittsburgh, PA 15222-3209
ActivitiesCultural performances, Other cultural or historical activities
SubsectionEducational Organization
Ruling Date09/1938
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$147,807,630
Amount of Income$98,116,351
Form 990 Revenue Amount$32,682,614
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Symphony Orchestras


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Amount of income in 2014: $98,116,351
This organization: 

 $98,116,351
Other organizations performing similar types of work: 

 $2,024,386

Assets in 2014: $147,807,630
Pittsburgh Symphony Inc: 

 $147,807,630
Other organizations performing similar types of work: 

 $2,049,250

Expenses in 2013: $36,687,084
Pittsburgh Symphony Inc: 

 $36,687,084
Other organizations performing similar types of work: 

 $1,732,426

Income to expenses ratio in 2013: 2.7
This organization: 

 2.7
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 85.3%
This organization: 

 85.3%
Other organizations performing similar types of work: 

 78.2%

Number of employees in 2013: 605
This organization: 

 605
Other organizations performing similar types of work: 

 170

Employees paid over $100,000 in 2013: 16.9%
Pittsburgh Symphony Inc: 

 16.9%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 46.0%
This organization: 

 46.0%
Other organizations performing similar types of work: 

 56.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?YesYes
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096133147
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return600605
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,499,983$1,600,154
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$130,205$103,438
Total number of individuals who received more than $100,000 of reportable compensation from the organization10282
Total number of independent contractors who received more than $100,000 of compensation from the organization520
Statement of Revenue
201120122013
Total revenue$42,000,843$31,881,269$35,179,414
Contributions, Gifts, Grants and Other Similar Amounts$24,179,031$16,833,664$16,177,458
Program Service Revenue$7,999,124$9,590,378$10,915,894
900099$9,343,611$10,733,685
541800$129,529$142,439
900099$117,238$39,770
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,065,763$1,313,116$3,023,670
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$1,493,199$1,181,528$1,452,115
Gross rents (Real / Personal)$2,574,208 / $0$2,357,625 / $0$2,833,538 / $0
Less: rental expenses (Real / Personal)$1,081,009 / $0$1,176,097 / $0$1,381,423 / $0
Rental income or (loss) (Real / Personal)$1,493,199 / $0$1,181,528 / $0$1,452,115 / $0
Net gain/loss from sales of assets other than inventory$7,409,948$3,241,052$3,826,307
Gross amount from sales of assets other than inventory (Securities / Other)$110,113,948 / $0$86,211,263 / $15,000$119,782,958 / $13,000
Less: cost or other basis and sales expenses (Securities / Other)$102,704,000 / $0$82,976,211 / $9,000$115,969,651 / $0
Gain or (loss) (Securities / Other)$7,409,948 / $0$3,235,052 / $6,000$3,813,307 / $13,000
Net income/loss from fundraising events$-194,340$-325,374$-254,933
Gross income from fundraising events$112,688$72,143$78,041
Less: direct expenses$307,028$397,517$332,974
Net income/loss from gaming activities$48,118$46,905$38,903
Gross income from gaming activities$56,618$54,555$48,559
Less: direct expenses$8,500$7,650$9,656
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$33,954,840$34,472,635$36,687,084
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,483,669$529,336$430,773
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$17,013,958$17,487,136$16,995,162
Pension plan accruals and contributions$2,409,390$2,805,165
Other employee benefits$1,212,432$1,379,848
Payroll taxes$1,045,115$1,186,061$1,163,926
Fees for services (non-employees)
Management$0$0
Legal$40,508$44,599
Accounting$132,913$136,490
Lobbying$66,000$66,000
Professional fundraising services$117,354$136,571$103,677
Investment management fees$245,186$299,788
Other$475,827$237,826
Advertising and promotion$1,321,606$1,724,749
Office expenses$187,852$502,641
Information technology$109,922$74,643
Royalties$0$0
Occupancy$847,819$785,038
Travel$1,325,627$1,837,178
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$258,600$189,795
Interest$315,399$298,869
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,043,007$1,205,793
Insurance$162,765$175,873
Other expenses$3,117,755$3,104,286
Other expenses$1,712,593$2,950,680
Other expenses$89,621$125,965
Other expenses$58,709$48,320
Balance Sheet
201120122013
Total assets$136,673,010$132,807,469$136,040,447
Cash - non-interest-bearing$331,002$1,919,730
Savings and temporary cash investments$61,970$1,761,732
Pledges and grants receivable, net$10,688,492$6,098,678
Accounts receivable, net$801,041$728,405
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$1,164,288
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$105,276$90,736
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$671,158$1,231,166
Land, buildings, and equipment: cost or other basis$17,079,858$16,142,618
Investments - publicly traded securities$46,862,862$53,265,433
Investments - other securities$56,205,810$53,637,661
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$31,262,319$36,155,237$27,212,377
Accounts payable and accrued expenses$1,839,050$865,461
Grants payable$0$0
Deferred revenue$6,285,936$5,711,845
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$10,801,740$10,401,251$9,245,071
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$17,629,000$11,390,000
Total net assets or fund balances$105,410,691$96,652,232$108,828,070
Unrestricted net assets$-20,654,000$-14,738,826
Temporarily restricted net assets$8,947,858$8,455,000
Permanently restricted net assets$108,358,374$115,111,896
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$67,570,259
Subtotal Support$90,303,821
Gifts, grants, contributions, and membership fees received$90,303,821
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$22,733,562
Total Support$108,292,918
Public Support$90,303,821
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$17,989,097
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$46,004,384
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$22,749,150$20,676,562$29,666,199$24,444,933$42,123,088$43,086,406$39,919,915
Contributions, gifts, grants, and similar amounts received$6,432,741$7,626,393$8,550,712$9,013,264$12,656,846$20,059,020$21,399,432
Contributions to donor advised funds$0$0
Direct public support$5,113,650$5,954,543$7,075,245$7,333,378$8,920,514$16,133,438$17,304,627
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$1,319,091$1,671,850$1,475,467$1,679,886$3,736,332$3,925,582$4,094,805
Program service revenue including government fees and contracts$15,002,382$11,563,649$11,048,999$7,406,214$9,288,536$9,153,323$8,915,610
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,235,506$1,169,861$801,367$984,534$959,715$885,825$755,119
Dividends and interest from securities$1,256,768$844,444$967,356$587,886$666,216$1,437,518$1,047,208
Net rental income or (loss)$315,905$1,102,394$1,551,390$1,078,364$976,430$1,246,337$1,193,463
Gross rents$315,905$1,102,394$1,551,390$1,078,364$976,430$1,246,337$1,193,463
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$577,969$1,701,734$417,841$30,839$80,168
Gain or (loss) from sales of assets other than inventory$-1,695,785$-1,745,157$5,417,956$3,639,356$17,127,127$10,248,747$6,696,258
Gross amount from sales of assets other than inventory$106,980,000$119,735,000$5,417,956$41,017,794$62,279,392$51,799,244$53,082,663
Less: cost or other basis and sales expenses$108,675,785$121,480,157$0$37,378,438$45,152,265$41,550,497$46,386,405
Net income or (loss) from special events and activities$0$0$400,775$27,372$25,377$24,797$-167,343
Gross revenue$0$0$614,617$38,746$36,408$35,234$194,758
Less: direct expenses other than fundraising expenses$0$0$213,842$11,374$11,031$10,437$362,101
Gross profit or (loss) from sales of inventory$396$28,326$-189,578$5,000$5,000$0$0
Gross sales of inventory, less returns and allowances$676,396$690,190$463,872$5,000$5,000$0$0
Less: cost of goods sold$676,000$661,864$653,450$0$0$0$0
Other revenue$201,237$86,652$539,253$1,209$0$0$0
Total expenses$32,583,018$31,245,268$29,174,007$26,804,496$32,109,847$31,763,760$32,338,868
Program services$25,494,345$23,992,357$21,634,425$23,198,255$27,792,585$27,035,019$27,572,304
Management and general$5,787,844$5,889,911$6,231,451$2,372,299$2,461,853$2,657,247$2,820,543
Fundraising$1,300,829$1,363,000$1,308,131$1,233,942$1,855,409$2,071,494$1,946,021
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$98,395,664$100,585,927$104,842,326$112,016,953$114,543,150$130,423,943$119,368,637
Excess or (deficit) for the year$-9,833,868$-10,568,706$492,192$-2,359,563$10,013,241$11,322,646$7,581,047
Net assets or fund balances at beginning of year$118,990,225$98,395,664$100,585,927$104,842,326$112,016,953$114,543,150$130,423,943
Other changes in net assets or fund balances$-10,760,693$12,758,969$3,764,207$9,534,190$-7,487,044$4,558,147$-18,636,353
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$32,338,868$27,572,304$2,820,543$1,946,021
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$341,316$170,658$51,198$119,460
Compensation of former officers, directors, key employees, etc.$60,000$0$60,000$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$16,729,101$14,769,527$1,020,430$939,144
Pension plan contributions not included above$825,989$729,236$50,383$46,370
Employee benefits not included above$1,737,415$1,376,077$230,553$130,785
Payroll taxes$1,179,381$1,041,233$71,939$66,209
Professional fundraising fees$127,260$0$0$127,260
Accounting fees$65,226$0$65,226$0
Legal fees$100,997$97,973$3,024$0
Supplies$149,213$107,849$29,959$11,405
Telephone$56,113$34,234$19,323$2,556
Postage and shipping$301,394$272,167$13,681$15,546
Occupancy$1,039,549$991,708$37,662$10,179
Equipment rental and maintenance$69,840$69,840$0$0
Printing and publications$1,548,476$1,391,700$47,855$108,921
Travel$1,289,095$1,289,095$0$0
Conferences, conventions, and meetings$154,219$45,681$82,989$25,549
Interest$306,963$258,650$26,661$21,652
Depreciation, depletion, etc.$945,520$901,081$34,984$9,455
Other expenses not covered above$5,311,801$4,025,595$974,676$311,530
Balance Sheets
2001200220032004200520062007
Total assets$112,006,664$115,481,927$118,983,768$128,086,550$132,538,550$147,925,851$139,892,015
Cash - non-interest-bearing$388,000$1,269,000$2,024,874$472,750$368,434$868,354$384,180
Savings and temporary cash investments$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$819,000$1,001,000$783,637$648,692$1,027,317$435,561$596,422
Pledges receivable less allowance for doubtful accounts$1,500,000$1,317,000$1,345,001$1,169,690$1,289,440$8,026,712$14,905,807
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$155,000$150,000$227,881$256,408$234,976$239,602$208,386
Inventories for sale or use$235,000$267,000$0$0$0$0$0
Prepaid expenses and deferred charges$1,277,000$951,000$623,111$675,214$1,334,340$1,036,586$657,496
Investments - publicly-traded securities$100,749,787$89,582,754
Investments - other securities$88,364,664$92,479,927$97,034,529$109,030,980$113,615,391$24,017,926$21,623,593
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$17,045,000$16,098,000$15,236,735$14,365,816$13,437,652$12,551,323$11,933,377
Other assets, including program-related investments$2,223,000$1,949,000$1,708,000$1,467,000$1,231,000$0$0
Total liabilities$13,611,000$14,896,000$14,141,442$16,069,597$17,995,400$17,501,908$20,523,378
Accounts payable and accrued expenses$6,299,000$1,538,000$2,824,351$3,708,679$4,737,580$4,800,833$7,959,812
Grants payable$0$0$0$0$0$0$0
Deferred revenue$5,385,000$4,466,000$4,032,754$4,354,785$4,584,463$4,725,606$4,883,074
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$1,927,000$4,543,000$7,124,639$8,006,133$8,673,357$7,975,469$7,680,492
Other liabilities$0$4,349,000$159,698$0$0$0$0
Total liabilities and net assets/fund balances$112,006,664$115,481,927$118,983,768$128,086,550$132,538,550$147,925,851$139,892,015
Total net assets or fund balances$98,395,664$100,585,927$104,842,326$112,016,953$114,543,150$130,423,943$119,368,637
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$22,749,150$20,676,562$29,666,199$24,444,933$42,123,088$43,086,406$39,919,915
Total revenue, gains, and other support per audited financial statements$10,683,000$32,456,224$32,456,187$32,384,751$31,984,558$45,391,704$19,114,847
Other expenses$-11,592,150$12,256,662$3,385,314$8,580,530$-7,281,456$7,272,327$-20,447,657
Net unrealized gains on investments$-10,260,852$13,815,275$3,623,264$9,591,600$-8,203,960$6,078,524$-16,360,214
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$-1,331,298$-1,558,613$-237,950$-1,011,070$922,504$1,193,803$-4,087,443
Other revenue$474,000$477,000$595,326$640,712$2,857,074$4,967,029$357,411
Investment expenses$474,000$477,000$595,326$640,712$769,825$686,714$719,512
Other$0$0$0$0$2,087,249$4,280,315$-362,101
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$32,583,018$31,245,268$29,174,007$26,804,496$32,109,847$31,763,760$32,338,868
Total expenses and losses per audited financial statements$31,484,189$30,067,132$27,924,000$25,064,402$29,566,013$29,170,998$29,858,000
Other revenue$676,000$661,864$653,450$0$11,031$10,437$383,644
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$676,000$661,864$653,450$0$11,031$10,437$383,644
Other expenses$1,774,829$1,840,000$1,903,457$1,740,094$2,554,865$2,603,199$2,864,512
Investment expenses$0$0$0$0$0$0$0
Other$1,774,829$1,840,000$1,903,457$1,740,094$2,554,865$2,603,199$2,864,512
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$300,000$39,106$2,210
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings77
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$60,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006291
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$419,312$8,373,434$9,727,737
Program service revenue
Program service revenue 1000000$000$0$8,685,149
Program service revenue 2Advertising and related services$215,28000$0$0
Program service revenue 3000000$000$0$5,883
Program service revenue 4000000$000$0$3,693
Program service revenue 5000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$3,472$2,133
$0$0$8,685,149
Advertising and related services$215,280$0$0
$0$0$5,883
$0$0$1,058
$03$3,472$0
$0$0$672
$0$0$3,693
$0$0$403
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$755,119$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,047,208$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$1,193,463
Net rental income or (loss) from personal property000000$000$0$0
Other investment incomePassive income activities with controlled organizations$76,400Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,768$0
Gain or (loss) from sales of assets other than inventoryPassive income activities with controlled organizations$127,632Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$6,563,867$4,759
Net income or (loss) from special events000000$000$0$-167,343
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$297,289$19,843$0
$200,295$19,843$0
$183,322$19,843$0
$171,717$19,843$0
$164,628$19,843$0
Total number of other employees paid over $50,000119
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$66,846
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2000200120022003200420052006
Total$27,808,980$23,927,397$23,083,583$24,500,918$20,816,951$24,646,984$25,842,423
Gifts, grants, and contributions received$12,788,875$6,432,741$7,626,393$8,550,712$9,013,264$12,537,095$13,321,748
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$12,317,789$15,002,382$12,340,491$12,052,124$7,449,960$9,089,687$8,920,156
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$2,702,316$2,492,274$3,116,699$3,898,082$4,352,518$3,020,202$3,600,519
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$1,209$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$4,193,121$259,428$159,884
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$1,276,391$0$127,639
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$764,001$26$76,400
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$2,152,801$259,428$-44,148
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$241,330
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$241,330
Unrelated business taxable income$-81,446
Unrelated business taxable income before net operating loss deduction$-81,446
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-81,446
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Pittsburgh Symphony Inc600 Penn Avenue, Pittsburgh, PA 15222-3209PA1938-09$98,116,351
2Philadelphia Orchestra Association1 S Broad St Fl 14, Philadelphia, PA 19107-3401PA1937-03$53,863,303
3San Diego Symphony Orchestra Association1245 7th Ave, San Diego, CA 92101-4302CA1949-08$25,211,778
4Santa Rosa Symphony Association50 Santa Rosa Ave Ste 410, Santa Rosa, CA 95404-4951CA1988-11$9,441,142
5Harrisburg Symphony Association800 Corporate Cir Ste 101, Harrisburg, PA 17110-9346PA1960-10$6,110,860
6The Los Angeles Chamber Orchestra Society Inc350 S Figueroa St Ste 183, Los Angeles, CA 90071-1117CA1969-04$5,467,954
7The Orlando Philharmonic Orchestra IncPO BOX 540203, Orlando, FL 32854-0203FL1991-08$5,237,362
8Vermont Symphony Orchestra Inc2 Church Street, Burlington, VT 05401-4299VT1939-11$3,286,995
9West Virginia Symphony Orchestra IncPO BOX 2292, Charleston, WV 25328-2292WV1963-04$3,010,070
10Allentown Symphony Association Inc23 N 6th St, Allentown, PA 18101-1431PA1956-12$2,930,210
11Santa Barbara Symphony Orchestra Association1330 State St Ste 102, Santa Barbara, CA 93101-2680CA1959-10$2,541,459
12Springfield Symphony Orchestra1350 Main St Fl 1, Springfield, MA 01103-1630MA1945-07$2,390,641
13Syracuse Symphony Foundation Inc100 Madison St Ste 1905, Syracuse, NY 13202-2703NY1978-01$2,151,317
14South Dakota Symphony Orchestra301 S Main Ave 4th Fl, Sioux Falls, SD 57104-6311SD1967-06$2,024,386
15Erie Philharmonic609 Walnut St, Erie, PA 16502-1366PA1948-04$1,731,639
16South Bend Symphony Orchestra Association Inc127 N Michigan St, South Bend, IN 46601-1603IN1950-11$1,643,240
17Philharmonic Society Of N E Penna195 Hanover St, Wilkes Barre, PA 18702-3529PA1972-03$1,386,865
18Reading Symphony Orchestra Assn147 N 5th St Ste 2, Reading, PA 19601-3494PA1943-09$1,222,910
19Philadelphia Singers1211 Chestnut Street, Philadelphia, PA 19107-4103PA1972-11$465,744
20York Junior Symphony Orchestra Inc50 N George St, York, PA 17401-1214PA1989-07$48,646
Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas1
Arizona2
California23
Colorado3
Connecticut5
Delaware1
Florida11
Georgia2
Hawaii1
Iowa3
Idaho1
Illinois10
Indiana8
Kansas1
Kentucky4
Louisiana1
Massachusetts5
Maryland2
Maine1
Michigan8
Minnesota3
Missouri3
Mississippi1
Montana1
North Carolina5
Nebraska2
New Hampshire1
New Jersey3
New Mexico1
Nevada2
New York23
Ohio7
Oklahoma2
Oregon3
Pennsylvania9
Rhode Island1
South Carolina4
South Dakota1
Tennessee4
Texas12
Virginia3
Vermont3
Washington5
Wisconsin5
West Virginia2
Total203

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