Riverside Symphony INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 13-3168350Revenue $322K in FY2020

On file with the IRSriversidesymphony.org2350 Broadway 212, 10024-3214 · New York, NYTax-exempt since Aug 1983Publicly supported charity — 170(b)(1)(A)(vi)

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To develop, promote and increaase interest in classical and contemporary music and composers.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $30K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$62K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$322K
Spent
$286K
To programs
69%
Net assets
$119K
By yearFY2020–FY2024
Revenue
$322K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$322K
FY2021$382K
FY2022$420K
FY2023$347K
FY2024$634K
FY2024$564K
Expenses
$286K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$208K
FY2022$458K
FY2023$567K
FY2024$437K
FY2024$290K
Net assets
$119K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$119K
FY2021$293K
FY2022$255K
FY2023$34K
FY2024$16K
FY2024$21K

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $198K Management & general 15% · $42K Fundraising 16% · $46K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director / President
$72,661Pt VII · Sec A
$12,750Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anthony Korf’s $75K as President/Di is at the 70th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Anthony Korf$75,000$77,533$73,525$73,525$72,050$72,661
George Rothman————$4,727$12,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes and develops interest in classical and contemporary music and composers.

Provided by the organization

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3 programs · $198K · in their own filed words · FY2019
01

CONCERTS/SALONS riverside symphony's 2019-20 season began with a january 4, 2020 composer reading session featuring new compositions by five composers: andrew list, ash stemke, david jason snow, martin hebel, and sihyun uhm. The works were culled from a nationwide "call for scores" garnering 114 total submissions.

$176Kprogram expense
02

Music memory despite unprecedented circumstances, riverside symphony continued its mission to instill a lifelong love of classical music in young people via music memory in 2019-20. Through the program's curriculum of 16 timeless classical compositions, students in 13 schools were provided quality music education facilitated by an…

$22Kprogram expense
03

Discount ticket programever endeavoring to remove socioeconomic barriers that often limit access to classical music, riverside symphony continued its efforts this year, offering reduced-price and free tickets to 24 organizations for its february 2, 2020 merkin hall season concert.

$82program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$322K
Ln 12
Gifts and grantsLn 1h$319K
Fees for servicesLn 2g$5K
Money outPt IX
$286K
Ln 25
Programscol B$198K
Managementcol C$42K
Fundraisingcol D$46K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$181K
LiabilitiesLn 26$62K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$319K
Government grantsLn 1e$14K
Fundraising eventsLn 1c$18K
Fees for servicesLn 2g$5K
Total revenueLn 12$322K
Assets in detailPt X, end of year
CashLn 1$97K
Cash and savings togetherLn 1–2$97K
Other assetsLn 15$8K
Total assetsLn 16$181K
LiabilitiesLn 26$62K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 525
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$36K$97K
Total assetsLn 16$96K$181K
LiabilitiesLn 26$13K$62K
Net assetsLn 32$83K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$78K$53K$25K
Other salaries and wagesLn 7$96K$69K$13K$14K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$6K$485$5K$177
Information technologyLn 14$4K$2K$773$849
OccupancyLn 16$21K$11K$5K$5K
TravelLn 17$837$695$142
InsuranceLn 23$17K$9K$8K
Other expenses (24a–d)Ln 24$25K$23K$888$975
All other expensesLn 24e$7K$6K$149$163
Total functional expensesLn 25$286K$198K$42K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $634K$437K$197K$16K 990 PDF
FY2023 $347K$567K−$221K$34K 990 PDF
FY2022 $420K$458K−$38K$255K 990 PDF
FY2021 $382K$208K$174K$293K 990 PDF
FY2020 Viewing $322K$286K$36K$119K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $322,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $448,490$318,762
I-9 Program service revenuePrior year $66,679$4,685
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $48,259−$1,359
I-12 Total revenuePrior year $563,428$322,088
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $323,221$197,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $198,981$89,180
I-18 Total expensesPrior year $522,202$286,325
I-19 Revenue less expensesPrior year $41,226$35,763
Part VI · Governance 12 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $322,088 across 7 lines filed
VIII-1c Fundraising events$18,403
VIII-1e Government grants$14,000
VIII-1f All other contributions, gifts and grants$286,359
VIII-1h Total contributions, gifts and grants$318,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,685$4,685
VIII-8 Net income from fundraising eventsExcluded from tax −$1,359−$1,359
VIII-12 Total revenueRelated to mission $4,685 · Unrelated business $0 · Excluded from tax −$1,359$322,088
Part IX · Statement of functional expenses $286,325 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,732 · Fundraising $25,217$77,949
IX-7 Other salaries and wagesPrograms $69,425 · Management $12,566 · Fundraising $13,805$95,796
IX-8 Pension plan contributionsPrograms $5,773$5,773
IX-9 Other employee benefitsPrograms $4,664$4,664
IX-10 Payroll taxesPrograms $12,963$12,963
IX-11c Accounting feesManagement $8,400$8,400
IX-11g Other fees for servicesManagement $1,881$1,881
IX-13 Office expensesPrograms $485 · Management $4,878 · Fundraising $177$5,540
IX-14 Information technologyPrograms $1,935 · Management $773 · Fundraising $849$3,557
IX-16 OccupancyPrograms $11,326 · Management $4,527 · Fundraising $4,974$20,827
IX-17 TravelPrograms $695 · Management $142$837
IX-23 InsurancePrograms $8,964 · Management $7,847$16,811
IX-24 Other expenses (24a–d)Programs $22,777 · Management $888 · Fundraising $975$24,640
IX-24e All other expensesPrograms $6,375 · Management $149 · Fundraising $163$6,687
IX-25 Total functional expensesPrograms $198,114 · Management $42,051 · Fundraising $46,160$286,325
Part X · Balance sheet $181,460 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $35,863$96,761
X-3 Pledges and grants receivableStart of year $31,250$38,366
X-8 Inventories for sale or useStart of year $11,103$11,103
X-9 Prepaid expenses and deferred chargesStart of year $241$27,499
X-15 Other assetsStart of year $2,362$7,731
X-16 Total assetsStart of year $96,036$181,460
X-17 Accounts payable and accrued expensesStart of year $12,709$13,920
X-24 Unsecured notes and loans payable$48,450
X-26 Total liabilitiesStart of year $12,709$62,370
X-27 Net assets without donor restrictionsStart of year $20,727$43,840
X-28 Net assets with donor restrictionsStart of year $62,600$75,250
X-32 Total net assets or fund balancesStart of year $83,327$119,090
X-33 Total liabilities and net assetsStart of year $96,036$181,460
Part XI · Reconciliation of net assets $119,090 net assets at year end
XI-1 Total revenue$322,088
XI-2 Total expenses$286,325
XI-3 Revenue less expenses$35,763
XI-4 Net assets at start of year$83,327
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,090

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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