Riverside Symphonia Inc
- Assets
- $226.7k
- Revenue
- $228.0k
- Investments
- $0.0
- Employees
- 91
- Location
- Lambertville, NJ
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 06-1304223
Organization Overview
Riverside Symphonia Inc is located in Lambertville, NJ. The organization was established in 1994. 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 06/2023, Riverside Symphonia Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Symphonia 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 06/2023, Riverside Symphonia Inc generated $228.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $259.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE A LOCALLY BASED ORCHESTRA MADE UP OF THE FINEST PROFESSIONAL MUSICIANS AVAILABLE TO US SO THAT WE MIGHT ENRICH THE LIVES OF THE PEOPLE OF THE GREATER DELAWARE VALLEY. THE SYMPHONIA CULTIVATES MUSIC APPRECIATION THROUGH LIVE PERFORMANCES & EDUCATIONAL OUTREACH. THE ORGANIZATION STRIVES TO REACH ALL TYPES OF PEOPLE TO BUILD COMMUNITY THROUGH SHARED MUSCIAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RIVERSIDE SYMPHONIA ORGANIZES 2 TO 5 MAIN STAGE ORCHESTRAL PERFORMANCES EACH SEASON. DIVERSE PROGRAMMING INCLUDES MUSIC FROM BAROQUE TO CONTEMPORARY MUSIC, COLLABORATIONS WITH OTHER LOCAL PERFORMING ORGANIZATIONS AND STUDENT GROUPS. THE ORCHESTRA'S REPUTATION AND LOCATION CONSISTENTLY ATTRACTS MANY WORLD ACCLAIMED GUEST ARTISTS. LAST SEASON THE ORCHESTRA PROVIDED A SPECIAL CONCERT FEATURING ACADEMY AWARD WINNING COMPOSITIONS AS WELL AS A CONCERT FEATURING OPERATIC PROGRAMING. THE ORCHESTRAL REPETOIRE ALSO INCLUDED WORKS BY J. WILLIAMS, G. VERDI, L. ANDERSON, AND E. MORRICONE. AMONG THE FEATURED GUESTS ARTISTS WERE VIOLINIST RUOTAO MAO AND SOPRANO ANGELA BROWN.
RIVERSIDE SYMPHONIA PROVIDES A SENIOR OUTREACH PROGRAM TO NURSING HOME RESIDENTS ACROSS HUNTERDON, MERCER, AND BUCKS COUNTIES. WITH A ROSTER OF 25 NURSING HOMES AND ASSISTED LIVING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Griffin Director | Trustee | 1 | $0 |
Hon Reed Gusciora Director | Trustee | 1 | $0 |
Paul Kuhl III Chair | OfficerTrustee | 5 | $0 |
Gregg Kiesel Director | Trustee | 1 | $0 |
James Klein Director | Trustee | 1 | $0 |
Dan Leuzzi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,516 |
| Total Program Service Revenue | $83,172 |
| Investment income | $3,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,999 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,100 |
| Advertising and promotion | $10,330 |
| Office expenses | $5,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,335 |
| Travel | $0 |
| 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 | $9,775 |
| All other expenses | $1,965 |
| Total functional expenses | $259,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,024 |
| Savings and temporary cash investments | $3,691 |
| Pledges and grants receivable | $13,175 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $8,397 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $168,432 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,719 |
| Accounts payable and accrued expenses | $10,652 |
| Grants payable | $0 |
| Deferred revenue | $40,168 |
| 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 | $50,820 |
| Net assets without donor restrictions | $62,909 |
| Net assets with donor restrictions | $112,990 |
| 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 | $226,719 |