The Richmond Symphony Foundation

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To support the Richmond Symphony.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 6
filings with a surplus
Average deficit $314K a year · 46% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $82K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$600K
+82% vs prior year
Spent
$1.3M
To programs
75%
Net assets
$24.8M
By yearFY2020–FY2025
Revenue
$600K
FY2025▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$580K
FY2021$493K
FY2022$1.3M
FY2023$779K
FY2024$330K
FY2025$600K
Expenses
$1.3M
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$830K
FY2021$1.1M
FY2022$858K
FY2023$881K
FY2024$1.1M
FY2025$1.3M
Net assets
$24.8M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.3M
FY2021$22.8M
FY2022$22.3M
FY2023$22.7M
FY2024$23.2M
FY2025$24.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1989.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $943K Management & general 20% · $244K Fundraising 5% · $62K

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

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt 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
$0Pt VII · Sec A
See The Richmond Symphony Foundation executive salaries →

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

Supports the Richmond Symphony through funding and community engagement.

Questions for The Richmond Symphony Foundation

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1 program · $943K · in their own filed words · FY2024
01

The foundation was organized for the purposes of soliciting, receiving and administering gifts, grants, and contributions for the benefit of the richmond symphony (a 501(c)3 organization).

$943Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$82K
See all 3 funders →
Grants paid · 3 grants · $2.6M · 2019–2024
Richmond SymphonyVA · FY2024$943,435
Richmond SymphonyVA · FY2020$969,000
Richmond SymphonyVA · FY2019$731,576

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$600K
Ln 12
Investment incomeLn 3$352K
Gifts and grantsLn 1h$248K
Money outPt IX
$1.3M
Ln 25
Programscol B$943K
Managementcol C$244K
Fundraisingcol D$62K
Owns and owesPt X
$24.8M
net assets · Ln 32
Cash and savingsLn 1–2$871K
Total assetsLn 16$24.8M
LiabilitiesLn 26$14K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$248K
Investment incomeLn 3$352K
Total revenueLn 12$600K
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$717K
Cash and savings togetherLn 1–2$871K
InvestmentsLn 11–13$1.3M
Other assetsLn 15$22.1M
Total assetsLn 16$24.8M
LiabilitiesLn 26$14K
Net assetsLn 32$24.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$24.8M$23.2M$22.7M$22.3M$22.8M
Given inLn 1b$248K$143K$564K$1.1M$343K
SpentLn 1d–1f$1.1M$1.1M$881K$850K$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$894K$871K
InvestmentsLn 11–13$1.3M$1.3M
Total assetsLn 16$23.2M$24.8M
LiabilitiesLn 26$10K$14K
Net assetsLn 32$23.2M$24.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$943K$943K
Other salaries and wagesLn 7$45K$45K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$140K$140K
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$1K$1K
TravelLn 17$4$4
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$59K$47K$12K
All other expensesLn 24e$2K$726$870
Total functional expensesLn 25$1.3M$943K$244K$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 14, 2026 $600K$1.3M−$650K$24.8M 990 PDF
FY2024Filed with the IRS Mar 6, 2025 $330K$1.1M−$740K$23.2M 990 PDF
FY2023Filed with the IRS Nov 16, 2023 $779K$881K−$102K$22.7M 990 PDF
FY2022 $1.3M$858K$430K$22.3M 990 PDF
FY2021Filed with the IRS Feb 11, 2022 $493K$1.1M−$575K$22.8M 990 PDF
FY2020Filed with the IRS Apr 8, 2021 $580K$830K−$250K$17.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $599,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,927$247,653
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $187,232$352,085
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $330,159$599,738
I-13 Grants and similar amounts paidPrior year $869,238$943,435
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $81,016$49,458
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $119,687$257,166
I-18 Total expensesPrior year $1,069,941$1,250,059
I-19 Revenue less expensesPrior year −$739,782−$650,321
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $599,738 across 4 lines filed
VIII-1f All other contributions, gifts and grants$247,653
VIII-1h Total contributions, gifts and grants$247,653
VIII-3 Investment incomeExcluded from tax $352,085$352,085
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $352,085$599,738
Part IX · Statement of functional expenses $1,250,059 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $943,435$943,435
IX-7 Other salaries and wagesFundraising $45,202$45,202
IX-9 Other employee benefitsFundraising $1,187$1,187
IX-10 Payroll taxesFundraising $3,069$3,069
IX-11c Accounting feesManagement $16,773$16,773
IX-11f Investment management feesManagement $139,861$139,861
IX-11g Other fees for servicesManagement $32,437$32,437
IX-12 Advertising and promotionManagement $4,900$4,900
IX-13 Office expensesManagement $1,488$1,488
IX-17 TravelManagement $4$4
IX-23 InsuranceManagement $1,444$1,444
IX-24 Other expenses (24a–d)Management $46,804 · Fundraising $11,859$58,663
IX-24e All other expensesManagement $726 · Fundraising $870$1,596
IX-25 Total functional expensesPrograms $943,435 · Management $244,437 · Fundraising $62,187$1,250,059
Part X · Balance sheet $24,794,153 assets, 12 lines filed
Asset lines not itemized here account for $405,941; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $116,826$153,590
X-2 Savings and temporary cash investmentsStart of year $777,354$716,928
X-3 Pledges and grants receivableStart of year $123,370$99,620
X-11 Publicly traded securitiesStart of year $1,251,173$1,297,694
X-15 Other assetsStart of year $20,657,741$22,120,380
X-16 Total assetsStart of year $23,175,902$24,794,153
X-17 Accounts payable and accrued expensesStart of year $230$0
X-25 Other liabilitiesStart of year $10,189$13,634
X-26 Total liabilitiesStart of year $10,419$13,634
X-28 Net assets with donor restrictionsStart of year $23,165,483$24,780,519
X-32 Total net assets or fund balancesStart of year $23,165,483$24,780,519
X-33 Total liabilities and net assetsStart of year $23,175,902$24,794,153
Part XI · Reconciliation of net assets $24,780,519 net assets at year end
XI-1 Total revenue$599,738
XI-2 Total expenses$1,250,059
XI-3 Revenue less expenses−$650,321
XI-4 Net assets at start of year$23,165,483
XI-5 Net unrealized gains (losses) on investments$2,266,628
XI-9 Other changes in net assets−$1,271
XI-10 Net assets at end of year$24,780,519

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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