Riverside Symphony Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO DEVELOP, PROMOTE AND INCREAASE INTEREST IN CLASSICAL AND CONTEMPORARY MUSIC AND COMPOSERS.
- Income
- $563,799
- Spending
- $290,176
- Spent on programs
- 55%
- Reserves
- 0.9 months of spending
- Largest source of income
- donations and private grants, 98%
- Employees
- 25
- Highest pay
- $75,000, president/di
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 42 out of 100. Higher than 11% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
4 of 35Spendable reserves would cover 0.9 months of spending.
Debt
10 of 20It owes 36% of what it owns.
Living within its means
15 of 15Income exceeded spending by 49% of income.
Income trend
5 of 15Income fell 11% on the year before.
Spending floor
8 of 1555% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 46 out of 100. Higher than 11% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 259 of 10 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- CONCERTS PERFORMED DURING THE YEAR.
- 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.
- $159,260 spent. TO HAVE CONCERTS.
- 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1983.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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