2019-07-02T15:45:06-05:00 2018-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2017-09-01 250986052 PITTSBURGH SYMPHONY INC PITT 4123924813 600 PENN AVENUE PITTSBURGH PA 152223209 SCOTT MICHAEL VP FINANCE & CFO 4123924813 2019-06-28 1 SUSAN M KIRSCH P00341397 4122613644 208.79.164.82 2019-06-28 11:47:26 ED P 0ED8805D6E497C0952B197F851B98163BCFD5972 5EEB6B39C289B17D9F13091FF374F3C8A193255D 2017 2019-02-21 02:37:17Z PITTSBURGH SYMPHONY ORCHESTRA MELIA TOURANGEAU 600 PENN AVENUE PITTSBURGH PA 152223209 83383816 0 X WWW.PITTSBURGHSYMPHONY.ORG X 1935 PA PROMOTES A LOVE OF MUSIC BY MAINTAINING A SYMPHONY ORCHESTRA. OUR VISION IS GREAT MUSIC IN EVERY LIFE. 59 58 621 110 385365 0 13520751 20906464 7240133 9608586 8423922 13283469 810669 1433190 29995475 45231709 0 0 0 0 21697430 23077219 93544 102278 2070532 11127988 13611340 32918962 36790837 -2923487 8440872 152315068 159581369 38946000 34762798 113369068 124818571 X IT IS THE MISSION OF THE PITTSBURGH SYMPHONY ORCHESTRA TO ENGAGE, ENRICH, AND INSPIRE THROUGH UNPARALLELED LIVE MUSICAL EXPERIENCES. 0 0 31380114 11083762 THE PITTSBURGH SYMPHONY ORCHESTRA, WHICH CELEBRATED 120 YEARS OF MUSIC IN 2016, POSSESSES A RICH HISTORY OF THE WORLD'S FINEST CONDUCTORS AND MUSICIANS AND AN UNWAVERING COMMITMENT TO THE PITTSBURGH REGION AND ITS CITIZENS. ITS PAST MUSIC DIRECTORS HAVE INCLUDED LEGENDARY CONDUCTORS SUCH AS LORIN MAAZEL AND WILLIAM STEINBERG. IN 2018, PSI CELEBRATED 10 YEARS WITH ITS NINTH MUSIC DIRECTOR, MANFRED HONECK. THE PITTSBURGH SYMPHONY HAS A LONG, ILLUSTRIOUS HISTORY OF BROADCASTS AND RECORDINGS, INCLUDING TWO GRAMMY AWARDS IN 2018. 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 PERFORMS 20 WEEKENDS OF BNY MELLON GRAD CLASSICS, SEVEN WEEKENDS OF PNC POPS, THREE FIDDLESTICKS FAMILY CONCERTS, SPECIALS WITH ORCHESTRA AND GUEST ARTISTS, AND COUNTLESS EDUCATIONAL, CHILDREN'S, AND COMMUNITY OUTREACH PROGRAMS. 31380114 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 128 1 1 621 1 1 1 0 0 0 0 1 1 0 0 0 0 X 59 58 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA FL WV CA X X SCOTT MICHAEL 4123924813 600 PENN AVE PITTSBURGH PA 15222 ANDREW ALOE DIRECTOR 2.00 X 0 0 0 JOSEPH E BAILEY SR DIRECTOR 2.00 X 0 0 0 RADHIKA BATRA DIRECTOR 2.00 X 0 0 0 ADAM BERGER DIRECTOR 2.00 X 0 0 0 BENNO A BERNT DIRECTOR (EXITED 10/17) 2.00 X 0 0 0 CONSTANCE BERNT DIRECTOR 2.00 X 0 0 0 EVA BLUM DIRECTOR 2.00 X 0 0 0 THEODORE BOBBY DIRECTOR 2.00 X 0 0 0 DONALD W BORNEMAN DIRECTOR 2.00 X 0 0 0 MICHAEL BRYSON DIRECTOR 2.00 X 0 0 0 RAE R BURTON DIRECTOR 2.00 X 0 0 0 DEBRA L CAPLAN DIRECTOR 2.00 X 0 0 0 MARC CHAZAUD DIRECTOR 2.00 X 0 0 0 RONALD E CHUTZ DIRECTOR 2.00 X 0 0 0 BASIL M COX DIRECTOR (EXITED 10/17) 2.00 X 0 0 0 ELLIOTT DAVIS DIRECTOR 2.00 X 0 0 0 MICHAEL DEVANNEY DIRECTOR 2.00 X 0 0 0 ANN DONAHUE DIRECTOR 2.00 X 0 0 0 CINDY DONOHOE DIRECTOR (ENTERED 6/18) 2.00 X 0 0 0 ALBERT H ECKERT DIRECTOR 2.00 X 0 0 0 SIGO FALK DIRECTOR 2.00 X 0 0 0 TERRI FITZPATRICK DIRECTOR (EXITED 10/17) 2.00 X 0 0 0 MARK FLAHERTY DIRECTOR (ENTERED 3/18) 2.00 X 0 0 0 RONALD FRANCIS DIRECTOR 2.00 X 0 0 0 FRANK L GREBOWSKI DIRECTOR 2.00 X 0 0 0 PETER S GREER DIRECTOR (EXITED 9/17) 2.00 X 0 0 0 JENNIFER HAGGERTY DIRECTOR 2.00 X 0 0 0 RICHARD HARSHMAN DIRECTOR 2.00 X 0 0 0 RONALD HERRING DIRECTOR 2.00 X 0 0 0 THOMAS B HOTOPP DIRECTOR 2.00 X 0 0 0 TODD IZZO DIRECTOR 2.00 X 0 0 0 BEEJEE MORRISON DIRECTOR 2.00 X 0 0 0 ELLIOTT S OSHRY DIRECTOR 2.00 X 0 0 0 RICHARD E RAUH DIRECTOR 2.00 X 0 0 0 MATTHEW RAY DIRECTOR (EXITED 6/18) 2.00 X 0 0 0 ROBERT REILLY DIRECTOR 2.00 X 0 0 0 JAMES W RIMMEL DIRECTOR 2.00 X 0 0 0 ALAN RUSSELL DIRECTOR 2.00 X 0 0 0 REID RUTTENBERG DIRECTOR 2.00 X 0 0 0 AMY SEBASTIAN DIRECTOR (ENTERED 9/17) 2.00 X 0 0 0 JIN SONG DIRECTOR (ENTERED 3/18) 2.00 X 0 0 0 JAMES E STEEN DIRECTOR 2.00 X 0 0 0 GEOFFREY M TAYLOR DIRECTOR (EXITED 10/17) 2.00 X 0 0 0 CRAIG A TILLOTSON DIRECTOR 2.00 X 0 0 0 MATT TOKORCHECK DIRECTOR 2.00 X 0 0 0 SCOTT WAHLSTROM DIRECTOR 2.00 X 0 0 0 RACHEL WALTON WYMARD DIRECTOR 2.00 X 0 0 0 HELGE H WEHMEIER DIRECTOR 2.00 X 0 0 0 MICHAEL J WHITE DIRECTOR 2.00 X 0 0 0 YURJI WOWCZYK DIRECTOR (ENTERED 9/17) 2.00 X 0 0 0 ROBERT ZINN DIRECTOR 2.00 X 0 0 0 BERNITA BUNCHER LIFE DIRECTOR 2.00 X 0 0 0 DAVID W CHRISTOPHER LIFE DIRECTOR 2.00 X 0 0 0 MRS HENRY J HEINZ II LIFE DIRECTOR (EXITED 3/18) 2.00 X 0 0 0 DONALD I MORITZ LIFE DIRECTOR 2.00 X 0 0 0 DAVID M RODERICK LIFE DIRECTOR 2.00 X 0 0 0 THOMAS TODD LIFE DIRECTOR 2.00 X 0 0 0 DEVIN MCGRANAHAN CHAIRMAN 2.00 X X 0 0 0 RICHARD P SIMMONS CHAIRMAN 2.00 X X 0 0 0 RICHARD J JOHNSON VICE CHAIR THRU 10/17, DIRECTOR EFF. 10/17 2.00 X X 0 0 0 ANTHONY BUCCI VICE CHAIR 2.00 X X 0 0 0 JOHN LYNCH DIRECTOR VICE CHAIR EFF. 10/17 2.00 X X 0 0 0 JOHN D WALTON DIRECTOR VICE CHAIR EFF. 10/17 2.00 X X 0 0 0 ROBERT MCCUTCHEON TREASURER 2.00 X X 0 0 0 BRUCE GABLER DIRECTOR SECRETARY EFF. 10/17 2.00 X X 0 0 0 MELIA TOURANGEAU PRESIDENT & CEO 40.00 X X 401501 0 29514 SCOTT MICHAEL VICE PRESIDENT & CFO 40.00 X 173927 0 37737 CHRISTIAN SCHORNICH VICE PRESIDENT & COO 40.00 X 194141 0 32377 JODI WEISFIELD VICE PRESIDENT & CDO 40.00 X 168989 0 3636 MARK HUGGINS ASSOCIATE CONCERTMASTER 40.00 X 187895 0 0 LORNA MCGHEE PRINCIPAL FLUTE 40.00 X 172690 0 0 WILLIAM CABALLERO PRINCIPAL FRENCH HORN 40.00 X 287365 0 36635 CYNTHIA DEALMEIDA PRINCIPAL OBOE 40.00 X 225347 0 33455 MICHAEL RUSINEK PRINCIPAL CLARINET 40.00 X 185554 0 10852 1997409 0 184206 79 0 1 0 MANFRED HONECK ROSENHEIMER STRASSE 52 MUNICH GM D-81669 MUSIC DIRECTOR 789808 TRAVTOURS 72-171 HIGHWAY 111 SUITE 202 PALM DESERT CA 92260 TOUR/TRAVEL AGENCY 608531 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEFUNDRAISING/TELEMARKETING 329256 PITNEY BOWESPURCHASING POWER PO BOX 371874 PITTSBURGH PA 15250 MAILING SERVICES 285111 AGILITY LOGISTICS CO 185 COURTNEYPARK DRVE E MISSISSAUGA ON CA L5T 2T6 LOGISTICS/FREIGHT 182302 19 842230 768722 2981912 16313600 332705 20906464 PERFORMANCE REVENUE 900099 9418159 9418159 ADVERTISING REVENUE 541800 155041 155041 AUXILIARY REVENUE 900099 35386 35386 9608586 1717777 230324 1487453 2853603 1223386 1630217 1630217 1630217 48019000 36453308 11565692 11565692 11565692 86099 842230 371465 -285366 -285366 43555 10354 33201 33201 148732 93594 55138 55138 45231709 11083762 385365 12856118 1177159 278208 522633 376318 15977216 14765374 509622 702220 2471728 2181055 178876 111797 2184642 1900641 174769 109232 1266474 1101832 101318 63324 79860 40591 39269 174398 174398 102278 102278 320217 320217 617291 507970 62911 46410 1256953 1256695 258 394277 196210 44849 153218 125502 125502 586518 586518 649224 649224 106212 54943 43607 7662 427473 427473 1422112 1351529 70583 227313 227313 GUEST ARTISTS 4436950 4436950 PRODUCTION 2206324 1853839 184052 168433 DUES AND SUBSCRIPTIONS 71775 4214 62866 4695 508941 214321 69933 224687 36790837 31380114 3340191 2070532 918932 347150 70802 72996 10115450 13277050 3790131 3409143 74967 74699 60881 21679 1060695 553016 47049874 32193958 15887839 14855916 59978418 54174533 60356953 72795187 152315068 159581369 1332996 528441 4414062 5336434 12123918 11836918 21075024 17061005 38946000 34762798 X -20053000 -17614000 7801484 11356393 125620584 131076178 113369068 124818571 152315068 159581369 X 8440872 -808795 3817426 X X 0 1 X 1 0 X 11729323 26188506 13489677 13520751 20878352 85806609 11729323 26188506 13489677 13520751 20878352 85806609 3831739 81974870 3921282 4135089 4219671 3865639 4347584 20489265 95826 38747 134573 106430447 47913708 0.77020 0.76990 X 132458319 1296000 12463000 8012000 322000 137883319 122933319 279000 18583000 8995000 342000 132458319 124905319 980000 5814000 8509000 257000 122933319 128729319 7009000 -2953000 7586000 294000 124905319 116091319 1833000 19958000 8858000 295000 128729319 0.00000 1.00000 0.00000 1 1 1 1088388 906695 181693 2909055 2180375 728680 43052431 29106888 13945543 14855916 FIXED INTEREST OBLIGATIONS 26929976 F ALTERNATIVE INVESTMENTS 36038017 F REAL ESTATE FUNDS 5851917 F ASSETS HELD BY OTHERS 3975277 F 72795187 ACCRUED PENSION COST 17061005 17061005 X 42040894 -808795 372987 -435808 42476702 320217 2434790 2755007 45231709 34565886 0 34565886 320217 1904734 2224951 36790837 PART V, LINE 4: THE ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR PROGRAMMING AND OPERATING NEEDS OF PSI AND INCLUDES DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD HAS ELECTED TO BE GOVERNED BY ACT 141. ACT 141 PERMITS A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT, AND, TO THAT END, PSI HAS ADOPTED A WRITTEN ENDOWMENT FUND INVESTMENT POLICY. ON AN ANNUAL BASIS, THE BOARD MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. THIS PERCENTAGE IS APPLIED TO THE 12-QUARTER ROLLING AVERAGE MARKET VALUE OF THE INVESTMENTS CALCULATED AT MARCH 31 OF THE PREVIOUS FISCAL YEAR. PSI CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. RESTRICTIVE COVENANTS CONTAINED IN ENDOWMENT DOCUMENTS LIMITING SPENDING RATES; 2. PRESERVING THE SPENDING POWER OF THE ASSETS; AND 3. OPERATIONAL CONSIDERATIONS. PART X, LINE 2: NO PROVISION FOR FEDERAL TAXES ON INCOME HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS, SINCE PSI QUALIFIES AS A TAX-EXEMPT ORGANIZATION, MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PSI HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PSI'S POLICY IS TO ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN GENERAL AND ADMINISTRATIVE EXPENSES. THE STATUTORY TAX YEARS OF 2015, 2016 AND 2017 REMAIN OPEN TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE REPORTED BY SEPARATE TRUST (1963 ENDOWMENT) ON SEPARATE FORM 990-PF 372,987. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF ENDOWMENT FUNDRAISING EXPENSES 30,024. RECLASS OF FUNDRAISING EXPENSES 1,874,710. TRANSFER FROM ENDOWMENT 530,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF ENDOWMENT FUNDRAISING EXPENSES 30,024. RECLASS OF FUNDRAISING EXPENSES 1,874,710. PART V, ENDOWMENT FUNDS, QUESTION 2, ENDOWMENT BALANCES: BOARD DESIGNATED OR QUASI-ENDOWMENT: ($102) PERMANENT ENDOWMENT: $137,984 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 30202337 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ORCHESTRA TOURING CLASSICAL MUSIC PERFORMANCES 1311839 0 0 0 0 0 0 31514176 0 31514176 1 0 1 1 1 0 X X X X X X X 1 SD&A 5757 WEST CENTURY BLVD LOS ANGELES CA 90045 TELE-FUNDRAISING 0 108526 57926 50600 ARTSMARKETING SERVICES INC 260 KING ST EAST SUITE 500 TORONTO ONTARIO CA M5A 4L5 TELE-FUNDRAISING 0 95979 44361 51618 204505 102287 102218 PA OH FL WV GALA 928329 842230 86099 212693 106086 52686 928329 842230 86099 212693 106086 52686 371465 -285366 43555 8500 1854 1 1.00000 43555 8500 1854 10354 33201 PA 1 0 0 0 1.00000 0.00000 SCOTT MICHAEL 600 PENN AVENUE PITTSBURGH PA 15222 0 SCOTT MICHAEL 0 SUPERVISES OPERATION. X 0 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MELIA TOURANGEAU PRESIDENT & CEO 401501 0 0 0 0 0 0 0 29514 0 431015 0 0 0 SCOTT MICHAEL VICE PRESIDENT & CFO 173927 0 0 0 0 0 0 0 37737 0 211664 0 0 0 CHRISTIAN SCHORNICH VICE PRESIDENT & COO 194141 0 0 0 0 0 0 0 32377 0 226518 0 0 0 JODI WEISFIELD VICE PRESIDENT & CDO 168989 0 0 0 0 0 0 0 3636 0 172625 0 0 0 MARK HUGGINS ASSOCIATE CONCERTMASTER 187618 0 0 0 277 0 0 0 0 0 187895 0 0 0 LORNA MCGHEE PRINCIPAL FLUTE 172627 0 0 0 63 0 0 0 0 0 172690 0 0 0 WILLIAM CABALLERO PRINCIPAL FRENCH HORN 287184 0 0 0 181 0 0 0 36635 0 324000 0 0 0 CYNTHIA DEALMEIDA PRINCIPAL OBOE 225166 0 0 0 181 0 0 0 33455 0 258802 0 0 0 MICHAEL RUSINEK PRINCIPAL CLARINET 185491 0 0 0 63 0 0 0 10852 0 196406 0 0 0 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. ANY NON-RELATED WORK EXPENSES INCURRED ARE REIMBURSED TO THE ORGANIZATION. PART II, COLUMN C: ACCRUED RETIREMENT BENEFITS: RETIREMENT BENEFITS ACCRUED DURING THE YEAR UNDER THE DEFINED BENEFIT PENSION PLAN ARE NOT AVAILABLE BY INDIVIDUAL FOR PLAN PARTICIPANTS. X 32 332705 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED AUGUST 31, 2018. FORM 990, LINE G, GROSS RECEIPTS: THIS INCLUDES ALL GROSS REVENUE, INCLUDING PROCEEDS FROM SALES OF SECURITIES. FORM 990, PART I, LINE 5, TOTAL INDIVIDUALS EMPLOYED IN CALENDAR YEAR 2017: ALL INDIVIDUALS EMPLOYED BY PSO AT ANY POINT DURING THE CALENDAR YEAR 2017: 97 FULL-TIME MUSICIANS; 145 EXTRA MUSICIANS (FTE 9); 89 FULL-TIME STAFF; 153 EXTRA STAGEHANDS (FTE 5); 57 USHERS (FTE 7); 19 PART-TIME CUSTOMER SERVICE REPSENTATIVE (5 FTE); AND 59 PART-TIME STAFF (5 FTE). FORM 990, PART I, LINE 10, INVESTMENT INCOME: DOES NOT INCLUDE NET UNREALIZED LOSS ON INVESTMENTS OF $808,795 (SEE PART XI, LINE 5). FORM 990, PART I, LINE 19, REVENUE LESS EXPENSES: CURRENT YEAR CONSOLIDATED AUDIT NET GAIN OF $11.3 MILLION. SEE RECONCILIATION OF NET ASSETS IN PART XI. DIFFERENCES IN TAX TO AUDIT INCLUDE UNREALIZED GAINS/LOSSES ON INVESTMENTS, OTHER CHANGES IN PENSION PLAN ASSETS AND OBLIGATIONS, AND ACTIVITY REPORTED ON THE 990-PF OF THE SEPARATE LEGAL ENTITY, 1963 ENDOWMENT (WHICH IS CONSOLIDATED FOR AUDIT PURPOSES). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES, EXCEPT AS MAY BE SPECIALLY LIMITED BY THE BOARD OF TRUSTEES OR OTHERWISE RESTRICTED BY LAW. FORM 990, PART VI, SECTION A, LINE 2 A FAMILY RELATIONSHIP EXISTS BETWEEN BENNO BERNT AND CONSTANCE BERNT. FORM 990, PART VI, SECTION A, LINE 6 ALL CITIZENS OF THE COMMUNITY WHO CONTRIBUTE SUCH ANNUAL AMOUNT AS SHALL BE SET FROM TIME TO TIME BY THE BOARD OF TRUSTEES OF PITTSBURGH SYMPHONY, INC. (SYMPHONY) SHALL BE MEMBERS OF THE SYMPHONY DURING THE REMAINDER OF THE FISCAL YEAR IN WHICH SUCH CONTRIBUTION WAS MADE AND DURING THE NEXT SUCCEEDING FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AT THE ANNUAL MEETING OF MEMBERS INCLUDES THE ELECTION OF TRUSTEES. AT EACH ANNUAL MEETING OF MEMBERS, THE MEMBERS SHALL ELECT TRUSTEES OF THE CLASS WHOSE TERM IS EXPIRING, TO HOLD OFFICE UNTIL THE END OF THE THIRD YEAR COMMENCING WITH THE DATE OF ASSUMPTION OF OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 AND REQUIRED SCHEDULES ARE REVIEWED BY THE FINANCE DEPARTMENT. UPON COMPLETION OF THIS REVIEW THE FORM IS FINALIZED AND A COMPLETE COPY IS PROVIDED TO THE AUDIT COMMITTEE IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED AND COLLECTED BY THE CFO. THE ORGANIZATION INSISTS ON 100% PARTICIPATION. THEREFORE, ANY UNRETURNED FORMS ARE FOLLOWED UP ON. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CFO FOR ANY POTENTIAL CONFLICTS. ANY ISSUES DISCOVERED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD, MEETS PERIODICALLY TO SET THE COMPENSATION OF THE PRESIDENT AND MUSIC DIRECTOR. THE COMMITTEE USES COMPARABLE DATA FROM OTHER ORCHESTRAS AS WELL AS OTHER LOCAL NON-PROFIT ORGANIZATIONS TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THREE YEARS OF AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN PENSION PLAN ASSETS & OBLIGATIONS 3,817,426. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT PITTSBURGH SYMPHONY'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM TO BE SELECTED BY THE AUDIT COMMITTEE OR, IN THE ABSENCE OF SUCH, A SELECTION BY THE BOARD OF TRUSTEES. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EX-OFFICIO TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EX-OFFICIO TRUSTEES OF PITTSBURGH SYMPHONY WITH NO VOTING RIGHTS: DEBORAH ACKLIN, ERIN ALLEN (EXITED 5/18), SUE BREEDLOVE (EXITED 6/18), JACKIE DEMETRIS (ENTERED 6/18), RICHARD FITZGERALD, KENNETH GORMLEY, PAUL HENNIGAN, CHRISTOPHER HOWARD, FARNAM JAHANIAN, STEVE KOSTYNIAK, SUZANNE MELLON, SUSANNE PARK, WILLIAM PEDUTO, AND PAUL SILVER. PITTSBURGH SYMPHONY ENDOWMENT 600 PENN AVENUE PITTSBURGH PA 15222 256056559 HOLDS 1963 ENDOWMENT ASSETS PA 501(C)(3) PF N/A 0 THE DIETRICH FOUNDATION 600 GRANT STREET SUITE 5360 PITTSBURGH PA 15219 364711746 TO PROVIDE FINANCIAL SUPPORT TO THE PSO PA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0