Riverside Symphony INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 13-3168350Revenue $347K in FY2023

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.
52¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $70K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
$35K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$347K
-17% vs prior year
Spent
$567K
To programs
52%
Net assets
$34K
By yearFY2020–FY2025
Revenue
$347K
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$322K
FY2021$382K
FY2022$420K
FY2023$347K
FY2024$634K
FY2025$564K
Expenses
$567K
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$208K
FY2022$458K
FY2023$567K
FY2024$437K
FY2025$290K
Net assets
$34K
FY2023▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2020$119K
FY2021$293K
FY2022$255K
FY2023$34K
FY2024$16K
FY2025$21K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $295K Management & general 33% · $184K Fundraising 16% · $88K

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

12 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Di
$73,525Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 15aNo

Programs and updates

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

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

Music memory fourteen schools, representing thousands of nyc public school studebts, enrolled in riverside symphony's music memory program. The workshops center around the exploration of MM curriculum and its suggested timeline, meaning each workshop comprises a presentation and discussion of upcoming content.

Pt IX · col B
02

Concerts performed during the year.

Pt IX · col B

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$347K
Ln 12
Gifts and grantsLn 1h$333K
Fees for servicesLn 2g$14K
Money outPt IX
$567K
Ln 25
Programscol B$295K
Managementcol C$184K
Fundraisingcol D$88K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$69K
LiabilitiesLn 26$35K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$333K
Government grantsLn 1e$30K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$14K
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Total assetsLn 16$69K
LiabilitiesLn 26$35K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 525
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$22K$31K
Total assetsLn 16$257K$69K
LiabilitiesLn 26$2K$35K
Net assetsLn 32$255K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$325K$146K$98K$81K
Other employee benefitsLn 9$45K$45K
Other fees for servicesLn 11g$18K$3K$11K$4K
Office expensesLn 13$7K$4K$2K$2K
OccupancyLn 16$10K$10K
TravelLn 17$4K$4K
InsuranceLn 23$11K$7K$3K
Other expenses (24a–d)Ln 24$129K$68K$61K
All other expensesLn 24e$19K$18K$512$512
Total functional expensesLn 25$567K$295K$184K$88K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $564K$290K$274K$21K 990 PDF
FY2024 $634K$437K$197K$16K 990 PDF
FY2023 Viewing $347K$567K−$221K$34K 990 PDF
FY2022 $420K$458K−$38K$255K 990 PDF
FY2021 $382K$208K$174K$293K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $346,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $406,497$332,968
I-9 Program service revenuePrior year $13,004$13,762
I-10 Investment income$0
I-11 Other revenuePrior year $58$0
I-12 Total revenuePrior year $419,559$346,730
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $316,542$369,834
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,253$197,404
I-18 Total expensesPrior year $457,795$567,238
I-19 Revenue less expensesPrior year −$38,236−$220,508
Part VI · Governance 11 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $346,730 across 6 lines filed
VIII-1c Fundraising events$16,930
VIII-1e Government grants$30,130
VIII-1f All other contributions, gifts and grants$302,838
VIII-1h Total contributions, gifts and grants$332,968
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,762$13,762
VIII-12 Total revenueRelated to mission $13,762$346,730
Part IX · Statement of functional expenses $567,238 across 9 lines filed
IX-7 Other salaries and wagesPrograms $146,354 · Management $97,522 · Fundraising $81,355$325,231
IX-9 Other employee benefitsPrograms $44,603$44,603
IX-11g Other fees for servicesPrograms $3,013 · Management $10,612 · Fundraising $4,492$18,117
IX-13 Office expensesPrograms $3,726 · Management $1,698 · Fundraising $1,698$7,122
IX-16 OccupancyManagement $10,123$10,123
IX-17 TravelPrograms $3,518$3,518
IX-23 InsurancePrograms $7,196 · Management $3,450$10,646
IX-24 Other expenses (24a–d)Programs $67,966 · Management $60,568$128,534
IX-24e All other expensesPrograms $18,320 · Management $512 · Fundraising $512$19,344
IX-25 Total functional expensesPrograms $294,696 · Management $184,485 · Fundraising $88,057$567,238
Part X · Balance sheet $68,857 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $21,857$30,996
X-3 Pledges and grants receivableStart of year $48,893$15,947
X-9 Prepaid expenses and deferred chargesStart of year $21,914$21,914
X-16 Total assetsStart of year $257,074$68,857
X-17 Accounts payable and accrued expensesStart of year $2,384$12,763
X-25 Other liabilities$21,914
X-26 Total liabilitiesStart of year $2,384$34,677
X-27 Net assets without donor restrictionsStart of year $248,690$20,180
X-28 Net assets with donor restrictionsStart of year $6,000$14,000
X-32 Total net assets or fund balancesStart of year $254,690$34,180
X-33 Total liabilities and net assetsStart of year $257,074$68,857
Part XI · Reconciliation of net assets $34,180 net assets at year end
XI-1 Total revenue$346,730
XI-2 Total expenses$567,238
XI-3 Revenue less expenses−$220,508
XI-4 Net assets at start of year$254,690
XI-8 Prior period adjustments−$2
XI-10 Net assets at end of year$34,180

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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