Toronto Symphony Orchestra
Toronto, ON M5H 1K5
President & CEO: Andrew R. Shaw
Board Chair: M. George Lewis
Charitable Reg. #: 10525 5335 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #75
Avg. Compensation $54,961
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||2|
|$120k - $160k||1|
|$80k - $120k||5|
|$40k - $80k||0|
About Toronto Symphony Orchestra:
Founded in 1922, the Toronto Symphony Orchestra (TSO) is one of Canada’s leading cultural institutions that provides orchestral performances and serves the musical needs within the Toronto community. Every year more than 225,000 patrons and over 50,000 students visit the Orchestra, and over 5 million Canadians tune in to concert broadcasts on CBC Radio. TSO celebrated its 90th season in F2012.
Apart from producing performances and touring, TSO offers a variety of programs to supplement and enhance the music education of students and youth. TSO also offers community programs named Young People’s Concerts and Toronto Symphony Youth Orchestra (TSYO). TSYO is a unique programme that encourages high achievement for young people aged 22 and under. In F2012, TSO presented 130 performances with 45 Canadian artists, including 28 TSO debut artists. Through its education programs for youth TSO offered curriculum-based education programs to 79,000 students. 50 schools throughout the Greater Toronto Area worked with TSO in their classrooms.
Ci has consolidated TSO audited financial statements with TSO Foundation statements. In F2012, TSO’s administrative costs were 10% of revenues and its fundraising costs were 37% of donations. TSO had $22.9m in funding reserves (with $24.6m in donor-endowed funds) covering annual program costs 1.1 times.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||10.3%||9.4%||9.7%|
|Fundraising costs as % of donations||37.2%||29.9%||24.0%|
|Program cost coverage (%)||108.8%||117.6%||117.1%|
Summary Financial StatementsAll figures in $000s
|Fees for service||10,635||10,751||9,883|
|Cash flow from operations||(434)||1,269||4,404|