2018-06-27T13:42:46-05:00 2017-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2016-09-01 250986052 PITTSBURGH SYMPHONY INC PITT 4123924813 600 PENN AVE PITTSBURGH PA 15222 SCOTT MICHAEL VP FINANCE & CFO 4123924813 2018-06-23 1 SUSAN M KIRSCH P00341397 4122613644 2016 2022-09-23 18:48:47Z PITTSBURGH SYMPHONY ORCHESTRA MELIA TOURANGEAU 600 PENN AVE PITTSBURGH PA 15222 60483734 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. 62 61 559 110 285175 0 13489677 13520751 11966433 7240133 4985542 8423922 1306893 810669 31748545 29995475 0 0 0 0 24114122 21697430 106670 93544 1820825 13734378 11127988 37955170 32918962 -6206625 -2923487 147061291 152315068 45641550 38946000 101419741 113369068 X IT IS THE MISSION OF THE PITTSBURGH SYMPHONY ORCHESTRA TO ENGAGE, ENRICH, AND INSPIRE THROUGH UNPARALLELED LIVE MUSICAL EXPERIENCES. 0 0 27997881 8304190 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 WEEKSNDS OF BNY MELLON GRAD CLASSICS, SEVEN WEEKENDS OF PNC POPS, THREE FIDDLESTICKS FAMILY CONCERTS, SPECIALS WITH ORCHESTRA AND GUEST ARTISTS, AND COUNTLESS EDUCATIONA, CHILDREN'S, AND COMMUNITY OUTREACH PROGRAMS. 27997881 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 1 559 1 1 1 0 0 0 0 1 1 0 0 0 0 X 62 61 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA FL WV X X SCOTT MICHAEL 4123924813 600 PENN AVE PITTSBURGH PA 15222 ANDREW ALOE DIRECTOR 2.00 X 0 0 0 JOAN APT DIRECTOR (EXITED 9/16) 2.00 X 0 0 0 JOSEPH E BAILEY SR DIRECTOR 2.00 X 0 0 0 RADHIKA BATRA DIRECTOR (ENTERED 9/16) 2.00 X 0 0 0 ADAM BERGER DIRECTOR (ENTERED 4/17) 2.00 X 0 0 0 BENNO A BERNT DIRECTOR 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 2.00 X 0 0 0 ELLIOTT DAVIS DIRECTOR (ENTERED 10/16) 2.00 X 0 0 0 MICHAEL DEVANNEY DIRECTOR 2.00 X 0 0 0 ANN DONAHUE DIRECTOR 2.00 X 0 0 0 ROY G DORRANCE DIRECTOR (EXITED 3/17) 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 2.00 X 0 0 0 RONALD FRANCIS DIRECTOR 2.00 X 0 0 0 BRUCE GABLER DIRECTOR 2.00 X 0 0 0 FRANK L GREBOWSKI DIRECTOR 2.00 X 0 0 0 PETER S GREER DIRECTOR 2.00 X 0 0 0 JENNIFER HAGGERTY DIRECTOR (ENTERED 5/17) 2.00 X 0 0 0 CARYL A HALPERN DIRECTOR (EXITED 9/16) 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 ALYSIA HOYT DIRECTOR (EXITED 9/16) 2.00 X 0 0 0 TODD IZZO DIRECTOR 2.00 X 0 0 0 JOHN LYNCH DIRECTOR 2.00 X 0 0 0 BEEJEE MORRISON DIRECTOR 2.00 X 0 0 0 MILDRED S MYERS DIRECTOR (EXITED 8/17) 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 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 STEVEN T SCHLOTTERBECK DIRECTOR (EXITED 2/17) 2.00 X 0 0 0 DAVID S SHAPIRA DIRECTOR (EXITED 10/16) 2.00 X 0 0 0 JAMES E STEEN DIRECTOR 2.00 X 0 0 0 GEOFFREY M TAYLOR DIRECTOR 2.00 X 0 0 0 JOHN A THOMPSON DIRECTOR (EXITED 3/17) 2.00 X 0 0 0 CRAIG A TILLOTSON DIRECTOR 2.00 X 0 0 0 MATT TOKORCHECK DIRECTOR (ENTERED 6/17) 2.00 X 0 0 0 ANTHONY J TOMASELLO DIRECTOR (EXITED 3/17) 2.00 X 0 0 0 JANE TREHERNE-THOMAS DIRECTOR (EXITED 9/16) 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 JON D WALTON 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 WINTHROP WATSON DIRECTOR (10/16 THRU 2/17) 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 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 ANTHONY BUCCI VICE CHAIR 2.00 X X 0 0 0 BEVERLYNN ELLIOTT VICE CHAIR (EXITED 9/16) 2.00 X X 0 0 0 RICHARD J JOHNSON VICE CHAIR 2.00 X X 0 0 0 ROBERT MCCUTCHEON TREASURER 2.00 X X 0 0 0 JEFFERY L LEININGER SECRETARY 2.00 X X 0 0 0 MELIA TOURANGEAU PRESIDENT & CEO 40.00 X X 396066 0 25990 SCOTT MICHAEL VICE PRESIDENT & CFO 40.00 X 170885 0 33977 CHRISTIAN SCHORNICH VICE PRESIDENT & COO 40.00 X 180125 0 19985 JODI WEISFIELD VICE PRESIDENT & CDO (ENTERED 12/16) 40.00 X 153517 0 3060 EDWARD R KELLY PRINCIPAL VIOLA 40.00 X 166083 0 21761 GEORGE VOSBURGH PRINCIPAL TRUMPET 40.00 X 182581 0 0 WILLIAM CABALLERO PRINCIPAL FRENCH HORN 40.00 X 251483 0 25145 CYNTHIA DEALMEIDA PRINCIPAL OBOE 40.00 X 201932 0 22096 MICHAEL RUSINEK PRINCIPAL CLARINET 40.00 X 214127 0 6474 1916799 0 158488 44 0 1 0 MANFRED HONECK ROSENHEIMER STRASSE 52 MUNICH GM D-81669 MUSIC DIRECTOR 978542 MASCARO CONSTRUCTION CO LP 1720 METROPOLITAN ST PITTSBURGH PA 15233 CONSTRUCTION 765364 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEFUNDRAISING/TELEMARKETING 290586 LAMAR COMPANIES PO BOX 96030 BATON ROUGE LA 70896 OUTDOOR ADVERTISING 191290 PITNEY BOWESPURCHASING POWER PO BOX 371874 PITTSBURGH PA 15250 MAILING SERVICES 186969 11 880939 230662 2899377 9509773 784445 13520751 PERFORMANCE REVENUE 900099 7083253 7083253 ADVERTISING REVENUE 541800 108159 108159 AUXILIARY REVENUE 900099 48721 48721 7240133 1724266 177016 1547250 2318389 1146173 1172216 1172216 1172216 35492000 28792344 6699656 6699656 6699656 80554 880939 460924 -380370 -380370 47465 10258 37207 37207 60176 78560 -18384 -18384 29995475 8304190 285175 7885359 980544 241393 435769 303382 14114422 12979948 576644 557830 3511862 3055320 280949 175593 1957320 1694207 162691 100422 1133282 985955 90663 56664 56689 53575 3114 194177 194177 93544 93544 367463 367463 501316 429428 71888 1154842 1154488 354 325072 160115 40166 124791 116095 116095 530661 501938 28723 387801 387801 124103 67666 26825 29612 384832 384832 1277683 1226973 50710 237567 237567 GUEST ARTISTS 2873628 2873628 PRODUCTION 1513249 1506982 6267 EVENT EXPENSE 81492 81492 DUES AND SUBSCRIPTIONS 65014 3233 59622 2159 936304 675231 72969 188104 32918962 27997881 3100256 1820825 834232 918932 317799 70802 13631956 10115450 4633475 3790131 81137 74967 102543 60881 405520 1060695 46682009 30794170 16945453 15887839 53508348 59978418 56600828 60356953 147061291 152315068 1922998 1332996 5237354 4414062 14275527 12123918 24205671 21075024 45641550 38946000 X -25096000 -20053000 9946055 7801484 116569686 125620584 101419741 113369068 147061291 152315068 X -2923487 9886008 4986806 X X 0 1 X 1 0 X 19310779 11729323 26188506 13489677 13520751 84239036 19310779 11729323 26188506 13489677 13520751 84239036 2320178 81918858 5886845 3921282 4135089 4219671 3865639 22028526 95826 38747 134573 106402135 49084886 0.76990 0.72660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 122933319 279000 18583000 8995000 342000 132458319 124905319 980000 5814000 8509000 257000 122933319 128729319 7009000 -2953000 7586000 294000 124905319 116091319 1833000 19958000 8858000 295000 128729319 111432319 775000 13602000 9413000 305000 116091319 0.00000 1.00000 0.00000 1 1 1 955766 602241 353525 2712942 2125162 587780 43013301 28066767 14946534 15887839 FIXED INTEREST OBLIGATIONS 18762663 F ALTERNATIVE INVESTMENTS 32986698 F REAL ESTATE FUNDS 4864262 F ASSETS HELD BY OTHERS 3743330 F 60356953 ACCRUED PENSION COST 21075024 21075024 X 38516919 9886008 665789 10551797 27965122 367463 1662890 2030353 29995475 30888609 0 30888609 367463 1662890 2030353 32918962 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 2014, 2015 AND 2016 REMAIN OPEN TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE REPORTED BY SEPARATE TRUST (1963 ENDOWMENT) ON SEPARATE FORM 990-PF 665,789. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF ENDOWMENT EXPENSES 40,400. RECLASS OF FUNDRAISING EXPENSES 1,622,490. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF ENDOWMENT EXPENSES 40,400. RECLASS OF FUNDRAISING EXPENSES 1,622,490. PART V, ENDOWMENT FUNDS, QUESTION 2, ENDOWMENT BALANCES: BOARD DESIGNATED OR QUASI-ENDOWMENT: ($102) PERMANENT ENDOWMENT: $132,560 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 27892394 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ORCHESTRA TOURING CLASSICAL MUSIC PERFORMANCES 785876 0 0 0 0 0 0 28678270 0 28678270 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 180878 93544 87334 180878 93544 87334 PA OH FL WV GALA 961493 880939 80554 32120 371520 50674 6610 961493 880939 80554 32120 371520 50674 6610 460924 -380370 47465 8500 1758 1 1.00000 47465 8500 1758 10258 37207 PA 1 0 0 0 1.00000 SCOTT MICHAEL 600 PENN AVENUE PITTSBURGH PA 15222 0 SCOTT MICHAEL 0 SUPERVISES OPERATION. X 0 0 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MELIA TOURANGEAU PRESIDENT & CEO 396066 0 0 0 0 0 0 0 25990 0 422056 0 0 0 SCOTT MICHAEL VICE PRESIDENT & CFO 170885 0 0 0 0 0 0 0 33977 0 204862 0 0 0 CHRISTIAN SCHORNICH VICE PRESIDENT & COO 180125 0 0 0 0 0 0 0 19985 0 200110 0 0 0 JODI WEISFIELD VICE PRESIDENT & CDO (ENTERED 12/16) 153517 0 0 0 0 0 0 0 3060 0 156577 0 0 0 EDWARD R KELLY PRINCIPAL VIOLA 166083 0 0 0 0 0 0 0 21761 0 187844 0 0 0 GEORGE VOSBURGH PRINCIPAL TRUMPET 182581 0 0 0 0 0 0 0 0 0 182581 0 0 0 WILLIAM CABALLERO PRINCIPAL FRENCH HORN 251483 0 0 0 0 0 0 0 25145 0 276628 0 0 0 CYNTHIA DEALMEIDA PRINCIPAL OBOE 201932 0 0 0 0 0 0 0 22096 0 224028 0 0 0 MICHAEL RUSINEK PRINCIPAL CLARINET 214127 0 0 0 0 0 0 0 6474 0 220601 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 35 784445 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT SHOWN IN COLUMN (B) RERESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED AUGUST 31, 2017. 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 2016: ALL INDIVIDUALS EMPLOYED BY PSO AT ANY POINT DURING THE CALENDAR YEAR: 96 FULL-TIME MUSICIANS; 137 EXTRA MUSICIANS (FTE 9); 93 FULL-TIME STAFF; 132 EXTRA STAGEHANDS (FTE 5); 55 USHERS (FTE 7); 15 PART-TIME CUSTOMER SERVICE REPS(5 FTE); AND 28 PART-TIME STAFF (4 FTE). FORM 990, PART I, LINE 10, INVESTMENT INCOME: DOES NOT INCLUDE NET UNREALIZED GAINS ON INVESTMENTS OF $9,886,008 (SEE PART XI, LINE 5). FORM 990, PART I, LINE 19, REVENUE LESS EXPENSES: CURRENT YEAR AUDIT NET LOSS OF $12.6 MILLION. SEE RECONCILIATION OF NET ASSETS IN PART XI. DIFFERENCES IN TAX TO AUDIT INCLUDE UNREALIZED GAINS 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 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 4,986,806. 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, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF PITTSBURGH SYMPHONY WITH NO VOTING RIGHTS: DEBORAH ACKLIN, ERIN ALLEN, SUE BREEDLOVE, 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 SUPPORT THE FUNCTIONS OF & CARRY OUT THE PURPOSE OF VARIOUS ORGS & PSO PA 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0