Riverside Theatre FY2021 filing

Tax-deductible

Iowa City, IA501(c)(3)Arts & CultureEIN 42-1188839Revenue $834K in FY2021

On file with the IRSriversidetheatre.org119 E College St, 52240-4002 · Iowa City, IATax-exempt since May 1983Publicly supported — 509(a)(2)

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Riverside Theatre connects artists and audiences through intimate, engaging productions from the classics to new works, and provides an artistic home for regional Theatre professionals. See schedule o for continuation.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$46K 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

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $65K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$834K
+105% vs prior year
Spent
$420K
To programs
64%
Net assets
$364K
By yearFY2020–FY2025
Revenue
$834K
FY2021▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2020$406K
FY2021$834K
FY2022$1.2M
FY2023$850K
FY2024$562K
FY2025$697K
Expenses
$420K
FY2021▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$364K
FY2021$420K
FY2022$814K
FY2023$880K
FY2024$755K
FY2025$882K
Net assets
$364K
FY2021▲ +825%
Tap a bar for its year
Net assets by fiscal year
FY2020−$50K
FY2021$364K
FY2022$704K
FY2023$707K
FY2024$514K
FY2025$329K

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 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 May 1983.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $269K Management & general 16% · $66K Fundraising 20% · $84K

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

17 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Prod. Art. D
$46,401Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A

Adam Knight’s $71K as Prod. Art. D is at the 66th percentile of top reported officer pay among 2216 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adam Knight$71,216$68,031$58,738$50,833$46,401$45,002

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

Connects artists and audiences with engaging theatre productions, fostering a home for regional professionals.

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Provided by the organization

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1 program · $269K · in their own filed words · FY2020
01

Through its roster of full productions, outreach events, and educational activities, riverside theatre serves the iowa city area with programming that fosters appreciation for the dramatic arts, employs artists, and strengthens community through opportunities for serious discourse and reflection.

$269Kprogram 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 · FY2024
Arts MidwestFY2024$20K
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$834K
Ln 12
Gifts and grantsLn 1h$779K
Fees for servicesLn 2g$49K
Other incomeLn 4–11$6K
Money outPt IX
$420K
Ln 25
Programscol B$269K
Managementcol C$66K
Fundraisingcol D$84K
Owns and owesPt X
$364K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$449K
LiabilitiesLn 26$85K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$779K
Government grantsLn 1e$176K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$49K
Investment incomeLn 3$87
Other incomeLn 4–11$6K
Total revenueLn 12$834K
Assets in detailPt X, end of year
SavingsLn 2$215K
Cash and savings togetherLn 1–2$215K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$449K
LiabilitiesLn 26$85K
Net assetsLn 32$364K
OperationsPt I, VI
EmployeesI 517
VolunteersI 635
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$59K$215K
Land, buildings, equipmentLn 10c$6K$8K
Total assetsLn 16$75K$449K
LiabilitiesLn 26$125K$85K
Net assetsLn 32−$50K$364K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$51K$31K$7K$13K
Other salaries and wagesLn 7$102K$61K$15K$27K
Other employee benefitsLn 9$15K$12K$41$3K
Payroll taxesLn 10$12K$7K$2K$3K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$78K$69K$9K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$17K$14K$2K$229
Information technologyLn 14$3K$3K
RoyaltiesLn 15$13K$13K
OccupancyLn 16$16K$16K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$149$149
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$75K$24K$13K$38K
All other expensesLn 24e$6K$5K$968$208
Total functional expensesLn 25$420K$269K$66K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $697K$882K−$185K$329K 990 PDF
FY2024 $562K$755K−$193K$514K 990 PDF
FY2023 $850K$880K−$30K$707K 990 PDF
FY2022 $1.2M$814K$340K$704K 990 PDF
FY2021 Viewing $834K$420K$414K$364K 990 PDF
FY2020 $406K$364K$43K−$50K 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 FY2021 990 (6 parts)
Part I · Summary $833,896 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $271,948$779,016
I-9 Program service revenuePrior year $133,081$49,214
I-10 Investment incomePrior year −$2,347$87
I-11 Other revenuePrior year $3,815$5,579
I-12 Total revenuePrior year $406,497$833,896
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $143,303$180,483
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $220,562$239,512
I-18 Total expensesPrior year $363,865$419,995
I-19 Revenue less expensesPrior year $42,632$413,901
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $833,896 across 8 lines filed
VIII-1c Fundraising events$4,259
VIII-1e Government grants$176,282
VIII-1f All other contributions, gifts and grants$598,475
VIII-1h Total contributions, gifts and grants$779,016
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,214$49,214
VIII-3 Investment incomeExcluded from tax $87$87
VIII-8 Net income from fundraising events$5,579
VIII-12 Total revenueRelated to mission $49,214 · Excluded from tax $87$833,896
Part IX · Statement of functional expenses $419,995 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,578 · Management $7,437 · Fundraising $13,171$51,186
IX-7 Other salaries and wagesPrograms $60,548 · Management $15,262 · Fundraising $26,578$102,388
IX-9 Other employee benefitsPrograms $12,214 · Management $41 · Fundraising $2,545$14,800
IX-10 Payroll taxesPrograms $7,097 · Management $1,719 · Fundraising $3,293$12,109
IX-11c Accounting feesManagement $10,380$10,380
IX-11g Other fees for servicesPrograms $68,798 · Management $9,050$77,848
IX-12 Advertising and promotionPrograms $7,069$7,069
IX-13 Office expensesPrograms $14,193 · Management $2,465 · Fundraising $229$16,887
IX-14 Information technologyManagement $2,597$2,597
IX-15 RoyaltiesPrograms $13,105$13,105
IX-16 OccupancyPrograms $15,541$15,541
IX-17 TravelPrograms $2,503$2,503
IX-19 Conferences, conventions and meetingsManagement $149$149
IX-20 InterestManagement $2,189$2,189
IX-22 Depreciation, depletion and amortizationManagement $1,219$1,219
IX-23 InsurancePrograms $9,109$9,109
IX-24 Other expenses (24a–d)Programs $23,616 · Management $12,902 · Fundraising $38,288$74,806
IX-24e All other expensesPrograms $4,934 · Management $968 · Fundraising $208$6,110
IX-25 Total functional expensesPrograms $269,305 · Management $66,378 · Fundraising $84,312$419,995
Part X · Balance sheet $448,621 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $58,783$215,403
X-3 Pledges and grants receivable$182,248
X-4 Accounts receivable$31,656
X-9 Prepaid expenses and deferred chargesStart of year $10,219$11,781
X-10c Land, buildings and equipment, netStart of year $6,209$7,533
X-16 Total assetsStart of year $75,211$448,621
X-17 Accounts payable and accrued expensesStart of year $9,798$24,951
X-19 Deferred revenueStart of year $2,745$1,430
X-26 Total liabilitiesStart of year $125,397$84,906
X-27 Net assets without donor restrictionsStart of year −$121,421−$1,700
X-28 Net assets with donor restrictionsStart of year $71,235$365,415
X-32 Total net assets or fund balancesStart of year −$50,186$363,715
X-33 Total liabilities and net assetsStart of year $75,211$448,621
Part XI · Reconciliation of net assets $363,715 net assets at year end
XI-1 Total revenue$833,896
XI-2 Total expenses$419,995
XI-3 Revenue less expenses$413,901
XI-4 Net assets at start of year−$50,186
XI-10 Net assets at end of year$363,715

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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