L'Orchestre Symphonique De Quebec

401, Grande Allée Est
Québec, QC G1R 2J5
CEO: Astrid Chouinard
Board President: Réjean Léger

Charitable Reg. #:11906 9532 RR0001

STAR RATING

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FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

C

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

64%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.



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Programs

About L'Orchestre Symphonique De Quebec:

Founded in 1902, Orchestre Symphonique de Quebec (OSQ) is Canada’s oldest active symphony orchestra. OSQ’s mission is to perform and promote symphonic music. In 2011, OSQ nominated its eleventh conductor of the orchestra: Maestro Fabien Gabel. The orchestra performs works by composers from Canada and abroad. To support the next generations of musicians, OSQ collaborates with the Conservatoire de musique de Quebec and the faculty of Music of Laval University. Outside of scheduled concerts, the orchestra runs educational concerts and programs for students.

OSQ’s orchestra consists of 61 musicians playing strings, brass, percussion, and woodwind instruments. The orchestra plays in front of more than 100,000 people annually. In 2017, OSQ received two nominations for the 21st Prix Opus for concert of the year – Quebec. The orchestra currently has 26 works that have been recorded and published to its discography.  

The orchestra’s educational programming is broken out into two groups: preschool and primary, and secondary and post-secondary. The preschool and primary group hosts matinee performances for children to attend as well as hour-long educational workshops that teach students about the path to becoming a professional musician. The secondary and post-secondary program gives students the opportunity to attend orchestra rehearsals and ask questions of the musicians and conductor. Like the preschool and primary program, schools can have a musician come in and discuss the path to becoming a professional musician. In F2018, over 16,000 youth participated in these programs across 100 primary and secondary schools.  

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Finances

Ci has consolidated audited financial statements of Orchestre Symphonique de Québec with figures of the Fondation de l’Orchestre Symphonique de Québec’s T3010A filings with the CRA.

The Orchestre Symphonique de Quebec is a small charity with donations of $733k in F2017. Its administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 26% of donations. For every dollar donated to the charity, 64 cents go to its programs. This is outside Ci’s reasonable range for overhead spending. The charity has funding reserves of $3.8m. Funding reserves can cover program costs for eight months.

This report is an update that has been sent to l’Orchestre Symphonique de Québec. Changes and edits may be forthcoming.

Updated July 29th, 2019 by Stefan Tetzlaff.  

Financial Review


Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 9.3%11.8%12.7%
Fundraising costs as % of donations 26.3%26.5%34.4%
Total overhead spending 35.6%38.3%47.0%
Program cost coverage (%) 68.3%49.3%61.9%

Summary Financial Statements

All figures in $000s
201720162015
Donations 733684666
Government funding 3,3124,1184,824
Fees for service 1,8622,1502,148
Investment income 10039431
Other income 0131
Total revenues 6,0067,3467,700
Program costs 5,5856,1106,500
Administrative costs 551823973
Fundraising costs 193181229
Total spending 6,3297,1147,702
Cash flow from operations (323)232(1)
Funding reserves 3,8153,0114,026

Note: Ci removed transfers from the foundation to the operating charity from revenues, reducing total revenues by $20k in F2017, $290k in F2016, and $F61k in F2015. 

Salary Information

Full-time staff: 76

Avg. Compensation $55,638

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
3
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.osq.org
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