Orchestre Symphonique de Montreal

1600 rue Saint-Urbain
Montreal, QC H2X 0S1
CEO: Madeleine Careau
Board President: Lucien Bouchard

Website: www.osm.ca
Charitable Reg. #: 11906 9524 RR0001
Sector: Arts & Culture
Operating Charity

Charity Rating

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Social Results Reporting

Grade: F

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #66

Avg. Compensation $45,766

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 5
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

About Orchestre Symphonique de Montreal:

Founded in 1934, Orchestre Symphonique de Montreal (OSM) is one of the major cultural organizations in Montreal. OSM seeks to present the symphonic music and concert artists of international stature to the broadest possible audience. It invests in the development of every form of symphonic and classical music.

Through the Friends of OSM program OSM provides youth quality educational programs at reduced prices. OSM conducts school activities at primary, secondary and college levels to provide young people the opportunity to discover classical music. Through its primary school activities OSM conducts youth concerts and provides educational support for teachers to prepare their students for the visit to the concert. OSM conducts games for children, series for families and many other community-related programs. In addition to its local performances, OSM has, to date, made nine tours in Asia, ten tours in Europe and two in South America.

Financial Review:

Ci has consolidated the audited financial statements of Orchestre Symphonique de Montreal and Fondation de L'Orchestre de Montreal. In F2012, OSM's administrative costs were 9% of revenues and its fundraising costs were 21% of donations. It has $43.0m in funding reserves (including $40.4m in endowment funds) covering annual programs costs by 1.9 times.

Financial Ratios

Fiscal year ending August 		201220112010
Administrative costs as % of revenues 8.8%10.7%11.9%
Fundraising costs as % of donations 21.0%17.0%31.1%
Program cost coverage (%) 185.5%157.6%114.5%

Summary Financial Statements

All figures in $000s 		201220112010
Donations 6,5567,3874,880
Government funding 16,23011,05511,018
Fees for service 9,7086,6876,928
Investment income 0(243)0
Other income 1534536
Total revenues 32,50925,23022,863
Program costs 22,07420,25719,497
Grants 1,128901,612
Administrative costs 2,8582,7362,721
Fundraising costs 1,3761,2581,517
Cash flow from operations 5,074889(873)
Funding reserves 43,04732,06022,315
Note: Ci has consolidated audited financial statements of Orchestre Symphonique de Montreal and Fondation de L’Orchestre de Montreal. Ci has adjusted deferred donations, deferred grants, deferred capital contributions and unrealized loss (gain) on investments affecting revenues by $4.9m in F2012, by $751k in F2011 and by ($1.0m) in F2010. Ci has adjusted client service costs affecting administrative costs by $1.1m in F2012, by $1.1m in F2011 and by $1.1m in F2010.

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