Civic Intelligence

Riverside Symphony Inc

EIN 13-3168350 • 501(c)3 • New York, NY

Profile

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

2350 BroadwayNew York, NY 10024

www.riversidesymphony.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

79th percentile

31%

Higher net margin than 79% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$77,533

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

NTEE A • $500k-$1M nonprofits • Source year 2024

Asset Growth

85th percentile

49%

Faster asset growth than 85% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

83%

Faster revenue growth than 88% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$102,470

Up $33,613 (+49%) from 2023

Liabilities

Up

$86,470

Up $51,793 (+149%) from 2023

Net Assets

Down

$16,000

Down $18,180 (-53%) from 2023

Revenue

Up

$633,848

Up $287,118 (+83%) from 2023

Expenses

Down

$436,905

Down $130,333 (-23%) from 2023

Net Income

Up

$196,943

Up $417,451 (+189%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2010: $420,357Liabilities 2010: $23,646Net Assets 2010: $396,7112010Assets 2011: $260,260Liabilities 2011: $24,723Net Assets 2011: $235,5372011Assets 2012: $202,206Liabilities 2012: $34,706Net Assets 2012: $167,5002012Assets 2013: $259,410Liabilities 2013: $23,189Net Assets 2013: $236,2212013Assets 2014: $86,352Liabilities 2014: $12,333Net Assets 2014: $74,0192014Assets 2015: $78,973Liabilities 2015: $97,677Net Assets 2015: -$18,7042015Assets 2016: $100,218Liabilities 2016: $74,956Net Assets 2016: $25,2622016Assets 2017: $79,263Liabilities 2017: $68,980Net Assets 2017: $10,2832017Assets 2018: $86,242Liabilities 2018: $44,141Net Assets 2018: $42,1012018Assets 2019: $96,036Liabilities 2019: $12,709Net Assets 2019: $83,3272019Assets 2020: $181,460Liabilities 2020: $62,370Net Assets 2020: $119,0902020Assets 2021: $342,083Liabilities 2021: $49,157Net Assets 2021: $292,9262021Assets 2022: $257,074Liabilities 2022: $2,384Net Assets 2022: $254,6902022Assets 2023: $68,857Liabilities 2023: $34,677Net Assets 2023: $34,1802023Assets 2024: $102,470Liabilities 2024: $86,470Net Assets 2024: $16,0002024

Highlighted filing

2024

Assets$102,470
Liabilities$86,470
Net Assets$16,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $480,1752010Expenses 2011: $524,5112011Expenses 2012: $493,0582012Revenue 2013: $607,781Expenses 2013: $539,060Net Income 2013: $68,7212013Revenue 2014: $407,249Expenses 2014: $569,451Net Income 2014: -$162,2022014Revenue 2015: $436,696Expenses 2015: $529,419Net Income 2015: -$92,7232015Revenue 2016: $503,584Expenses 2016: $459,618Net Income 2016: $43,9662016Revenue 2017: $501,473Expenses 2017: $516,452Net Income 2017: -$14,9792017Revenue 2018: $519,346Expenses 2018: $487,528Net Income 2018: $31,8182018Revenue 2019: $563,428Expenses 2019: $522,202Net Income 2019: $41,2262019Revenue 2020: $322,088Expenses 2020: $286,325Net Income 2020: $35,7632020Revenue 2021: $381,723Expenses 2021: $207,887Net Income 2021: $173,8362021Revenue 2022: $419,559Expenses 2022: $457,795Net Income 2022: -$38,2362022Revenue 2023: $346,730Expenses 2023: $567,238Net Income 2023: -$220,5082023Revenue 2024: $633,848Expenses 2024: $436,905Net Income 2024: $196,9432024

Highlighted filing

2024

Revenue$633,848
Expenses$436,905
Net Income$196,943

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.86$0.16$6.34$4.37$1.97
2023Detailed filing. Detailed filing data is available for this year.$0.69$0.35$0.34$3.47$5.67$2.21
2022Detailed filing. Detailed filing data is available for this year.$2.57$0.02$2.55$4.20$4.58$0.38
2021Detailed filing. Detailed filing data is available for this year.$3.42$0.49$2.93$3.82$2.08$1.74
2020Detailed filing. Detailed filing data is available for this year.$1.81$0.62$1.19$3.22$2.86$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.96$0.13$0.83$5.63$5.22$0.41
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.44$0.42$5.19$4.88$0.32
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.69$0.10$5.01$5.16$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.75$0.25$5.04$4.60$0.44
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.98$0.19$4.37$5.29$0.93
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.12$0.74$4.07$5.69$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.23$2.36$6.08$5.39$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.35$1.68$4.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.25$2.36$5.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.24$3.97$4.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2024
Return Version
2023v6.0
Gross Receipts
$633,848
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$21,914$40,646▲ $18,732
Cash and Non-Interest-Bearing Accounts$30,996$2,873▼ $28,123
Pledges and Grants Receivable$15,947$-237▼ $16,184
Total Assets$68,857$102,470▲ $33,613
Other Assets Total-$59,188-
Liabilities
Other Liabilities$21,914$82,876▲ $60,962
Accounts Payable and Accrued Expenses$12,763$3,594▼ $9,169
Total Liabilities$34,677$86,470▲ $51,793
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,000$14,000→ $0
Net Assets Without Donor Restrictions$20,180$2,000▼ $18,180
Total Net Assets Fund Balance$34,180$16,000▼ $18,180
Total Liabilities and Net Assets / Fund Balance$68,857$102,470▲ $33,613

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$59,188--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony KorfPresident/diFT$77,533$77,533

Board Members and Trustees

NameTitle
Michael C NardoChairman
Edwar L SchiffVice Chairma
George RothmanDirector
Helen ForsterDirector
JOSEPH D' AMBROSIODirector
Judith ThornDirector
Lisa TorminoDirector
Rex L NiswanderDirector
Sandy RippeDirector
Lynn SpurgatSecretary
Phillip Y ZhangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$606,366
Program Service Revenue
$27,482
Investment Income
$0
Other Revenue
$0
All Other Contributions
$580,811
Change in Net Assets
$196,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,719
Other Expenses$128,186
Total Fundraising Expense$74,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,438$69,719$69,719$278,876
Other Employee Benefits$29,843--$29,843
Occupancy-$23,400-$23,400
Office Expenses$7,790$3,643$3,643$15,076
All Other Expenses$3,638$5,210$691$9,539
Other Expenses$5,750$3,166-$5,750
Fees for Services Other$1,367--$1,367
Total Functional Expenses$257,714$105,138$74,053$436,905
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$82,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Riverside Symphony Inc
EIN
13-3168350
Address
2350 BROADWAY, NEW YORK, NY 10024

Signing Officer

Name
Anthony Korf
Title
President/director
Phone
9172734734
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Korf
Voting Board Members
12
Independent Board Members
11
Employees
10

Preparer

Firm
Michael M Arons
Address
33 DANCY DRIVE, STAMFORD, CT 06902-1405
Preparer
Michael M Arons
Phone
2032533605
Supplemental Narrative

Additional Explanations

Form 990, Part III

Form 990, part iii, line 4b, program accomplishments: 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 muscicians. Aided by a generous selection of musical examples. From 990. Part vi, section b, line 11b: the symphonys board memebers and chairman each review the 990 prior to filing. Form 990, part vi, section b, line 15: director and staff compensation is reviewed by the finance committee and approved by the board during the budget process. Form 990, part vi, section c, line 19: the symphony makes its governing documents, conflict of interest policy, and financial statements available to the public by keeping copies at its offices. It will provide those documents on request to any member of the publc who asks for them. Form 990, part xii, line 2c: the board of trustees assumes responsibility for the oversight of the review and the selection of the accountant. The process has not changed from the prior year.

Form 990, Page 2, Part III, Line 3

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. Workshops are run in the socratic style, with open dialouge between teachers and malone, evaluating the benefits of various teaching methods and the most effective strategies for implementing mm lessons.

Form 990, Page 2, Part III, Line 4D

TO HAVE CONCERTS.

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III, LINE 4B, PROGRAM ACCOMPLISHMENTS: 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 MUSCICIANS. AIDED BY A GENEROUS SELECTION OF MUSICAL EXAMPLES. FROM 990. PART VI, SECTION B, LINE 11B: THE SYMPHONYS BOARD MEMEBERS AND CHAIRMAN EACH REVIEW THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15: DIRECTOR AND STAFF COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD DURING THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19: THE SYMPHONY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY KEEPING COPIES AT ITS OFFICES. IT WILL PROVIDE THOSE DOCUMENTS ON REQUEST TO ANY MEMBER OF THE PUBLC WHO ASKS FOR THEM. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW AND THE SELECTION OF THE ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL M ARONS
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ReturnHeader/ReturnTs02025-05-15T19:07:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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