Orchestre Symphonique de Montreal

260 Boul. De Maisonneuve Ouest
Montreal, QC H2X 1Y9
CEO: Madeleine Careau
Board President: Lucien Bouchard

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

Donor Accountability

Grade: B-

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #52

Avg. Compensation $72,077

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 8
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Orchestre Symphonique de Montreal:

Founded in 1934, Orchestre Symphonique de Montréal (OSM) is one of the major cultural organizations in Montreal. OSM seeks to present symphonic music and concert artists of international stature to the broadest possible audience and invests in the development of symphonic and classical music. The current music director is Kent Nagano.

The Orchestre Symphonique de Montréal holds regular season performances in the Montreal Symphony House at Place des Arts. It performed a total of 119 regular-season concerts, including 48 regular concerts, 6 holiday-season concerts and 14 young-audience concerts. The Orchestra saw two guest orchestras perform in Montreal, the Budapest Festival Orchestra and the Bavarian Radio Symphony Orchestra. The box office sold 186,861 tickets for OSM productions including 48,559 sold in subscriptions.  The Orchestra also performed 37 concerts during the summer season, including 30 concerts during the OSM Couche-Tard Classical Spree and free concerts at the Olympic Park.

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. It also hosts the Orchestre Symphonique de Montréal Manulife competition, a performance competition for young artists from across Canada, with the winner receiving $10,000 and opportunities to perform with the OSM.

In F2016, the Orchestra had a 10-concert tour in the United States, the first time they have done so in 40 years. It played in cities such as New York, Chicago and San Diego and saw an total attendance of 17,392.

Financial Review:

Ci has consolidated the charity's financials with figures of the Fondation de l’Orchestre Symphonique de Montréal as found in its T3010A filing. Orchestre Symphonique de Montréal is considered a large-cap charity with donations of $7.3m in F2015. Its administrative costs are 5% of total revenues and fundraising costs are 28% of total donations. For every dollar donated, 67 cents goes to the cause, falling within Ci’s reasonable range. The charity and the foundation have funding reserves of $65.6m which can cover program costs for 2.6 years.

This report is an update that is being reviewed by l’Orchestre Symphonique de Montréal. Changes and edits may be forthcoming.

Updated July 27, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending August
201520142013
Administrative costs as % of revenues 5.3%5.4%6.4%
Fundraising costs as % of donations 27.5%19.0%19.0%
Program cost coverage (%) 263.3%276.5%219.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 7,3358,9697,672
Government funding 11,86912,01011,961
Fees for service 11,05612,5158,852
Other income 483184259
Total revenues 30,74333,67928,744
Program costs 24,91026,10622,373
Administrative costs 1,6201,8211,831
Fundraising costs 2,0191,7001,460
Cash flow from operations 2,1954,0523,080
Funding reserves 65,59872,18648,992
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 and deferred capital contributions affecting revenues by $1.6m in F2015, by $1.4m in F2014 and by $1.4m in F2013.  

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