Riverside Symphony Inc
- Assets
- $257.1k
- Revenue
- $419.6k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 13-3168350
Organization Overview
Riverside Symphony Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Riverside Symphony Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Symphony Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Riverside Symphony Inc generated $419.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $457.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PROMOTE AND INCREASE INTEREST IN CLASSICAL AND CONTEMPORARY MUSIC AND COMPOSERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS/SALONS RIVERSIDE SYMPHONY WAS ABLE TO PRODUCE THEIR FIRST A CONCERT SEASON SINCE COVID19.
MUSIC MEMORY FOURTEEN SCHOOLS, REPRESENTING THOUSANDS OF NYC PUBLIC SCHOOL STUDENTS, 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. WORKSHOPS ARE RUN IN THE SOCRATIC STYLE, WITH OPEN DIALOGUE BETWEEN TEACHERS AND MALONE, EVALUATING THE BENEFITS OF VARIOUS TEACHING METHODS AND THE MOST EFFECTIVE STRATEGIES FOR IMPLEMENTING MM LESSONS. ADDITIONALLY, THE ORCHESTRA HAS BEEN WORKING TO DEVELOP ITS "MEET THE ORCHESTRA" VIDEO SERIES AS A SUPPLEMENTAL RESOURCE FOR OUR MUSIC MEMORY TEACHERS. THE VIDEOS FEATURE THE ORCHESTRA'S PRINCIPAL MUSICIANS EXPLAINING THEIR INSTRUMENTS AND DISCUSSING THEIR LIVES AS MUSICIANS, AIDED BY A GENEROUS SELECTION OF MUSICAL EXAMPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Nardo Chairman | OfficerTrustee | 1.5 | $0 |
Edward L Schiff Vice Chairman | OfficerTrustee | 1.5 | $0 |
Phillip Y Zhang Treasurer | OfficerTrustee | 1.5 | $0 |
Lynn Spurgat Secretary | OfficerTrustee | 1.5 | $0 |
Joseph D'ambrosio Director | Trustee | 1.5 | $0 |
Helen Forster Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,788 |
| Related organizations | $0 |
| Government grants | $45,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,497 |
| Total Program Service Revenue | $13,004 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,032 |
| Compensation of current officers, directors, key employees. | $25,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,216 |
| Payroll taxes | $19,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135 |
| Advertising and promotion | $0 |
| Office expenses | $9,143 |
| Information technology | $2,442 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $4,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,444 |
| All other expenses | $4,175 |
| Total functional expenses | $457,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,857 |
| Savings and temporary cash investments | $146,518 |
| Pledges and grants receivable | $48,893 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,103 |
| Prepaid expenses and deferred charges | $21,914 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,789 |
| Total assets | $257,074 |
| Accounts payable and accrued expenses | $2,384 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,384 |
| Net assets without donor restrictions | $248,690 |
| Net assets with donor restrictions | $6,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $257,074 |