Riverside County Philharmonic Association Inc

Riverside, CA | www.riversidephilharmonic.org

GuideStar Charity Check

EIN: 95-6096638

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

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Charity Check report

Mission

The mission of the Riverside Philharmonic is to entertain Riverside with excellent performance of great music, to enrich the young and the young at heart with the beauty and relevance of the symphony, and to engage our diverse and dynamic community in an appreciation of the performing arts in the Inland Southern California region.

Ruling year info

1960

Executive Director

Becky Whatley

Main address

P.O. Box 1601

Riverside, CA 92502 USA

Show more contact info

EIN

95-6096638

Subject area info

Orchestral music

Population served info

Children and youth

Adults

NTEE code info

Symphony Orchestras (A69)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Riverside Philharmonic core programs

Here is a list of the RCPs core programs:
- A concert season of 5 concerts each year in downtown Riverside
These themed programs are targeted for all audiences. They feature an eclectic mix of new works and beloved masterpieces.
- Free "Concert for Heroes" concert at Riverside National Cemetery on July 3
- In school workshops performed by one of our instrumental trios strings, brass or winds.
- HeartStrings program that offers free admission to low income residents.

Where we work

External reviews

Photos

Videos

Financials

Riverside County Philharmonic Association Inc

Fiscal year: Jun 01 - May 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

0.57

Average of 0.24 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

0.8

Average of 0.7 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

21%

Average of 18% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Riverside County Philharmonic Association Inc

Revenue & expenses

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$389,278
Program Services	$220,330
Investments	$2,663
Special Events	$8,158
Sales	$0
Other	$0
Total Revenue	$620,429

Expenses
Grants	$0
Salaries & Employee Benefits	$470,700
Professional Fees	$42,082
Occupancy	$47,348
Printing, Publications, Postage, etc.	$45,472
Other Expenses	$203,220
Total Expenses	$808,822
Net Gain/Loss	($188,393)

Revenue
Contributions	$323,771
Government Grants	$60,000
Program Services	$165,674
Investments	$366
Special Events	$13,416
Sales	$0
Other	$0
Total Revenue	$563,227

Expenses
Program Services	$446,246
Administration	$238,738
Fundraising	$0
Total Expenses	$684,984
Net Gain/Loss	($121,757)

Functional expenses
Accounting Fees	$24,557
Advertising & Promotion	$8,590
Information Technology Expenses	$0
Insurance Expenses	$2,548
Interest Expenses	$1,056
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$16,069
Professional Fundraising Expenses	$0

Revenue
Contributions	$293,791
Government Grants	$188,735
Program Services	$164,957
Investments	$135
Special Events	($15,213)
Sales	$0
Other	$0
Total Revenue	$632,405

Expenses
Program Services	$427,318
Administration	$148,853
Fundraising	$56,019
Total Expenses	$632,191
Net Gain/Loss	$214

Functional expenses
Accounting Fees	$52,104
Advertising & Promotion	$18,913
Information Technology Expenses	$0
Insurance Expenses	$13,834
Interest Expenses	$2,820
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$13,228
Professional Fundraising Expenses	$0

Revenue
Contributions	$287,924
Government Grants	$57,000
Program Services	$187,368
Investments	($8,928)
Special Events	$10,404
Sales	$0
Other	$0
Total Revenue	$533,768

Expenses
Program Services	$457,888
Administration	$127,785
Fundraising	$24,554
Total Expenses	$610,227
Net Gain/Loss	($76,459)

Functional expenses
Accounting Fees	$11,436
Advertising & Promotion	$12,769
Information Technology Expenses	$0
Insurance Expenses	$3,552
Interest Expenses	$12,418
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$13,658
Professional Fundraising Expenses	$0

Revenue
Contributions	$272,001
Government Grants	$88,000
Program Services	$151,672
Investments	$1,896
Special Events	($265)
Sales	$0
Other	$0
Total Revenue	$515,262

Expenses
Program Services	$441,928
Administration	$115,998
Fundraising	$31,161
Total Expenses	$589,087
Net Gain/Loss	($73,825)

Functional expenses
Accounting Fees	$19,284
Advertising & Promotion	$9,715
Information Technology Expenses	$0
Insurance Expenses	$9,807
Interest Expenses	$9,983
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$18,147
Professional Fundraising Expenses	$0

Revenue
Contributions	$300,231
Government Grants	$107,657
Program Services	$134,070
Investments	$24
Special Events	$13,223
Sales	$0
Other	$0
Total Revenue	$555,205

Expenses
Program Services	$367,700
Administration	$81,303
Fundraising	$14,078
Total Expenses	$463,081
Net Gain/Loss	$92,124

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$6,672
Information Technology Expenses	$0
Insurance Expenses	$11,846
Interest Expenses	$43,527
Investment Management Fees	$0
Legal Fees	$100
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$178,606
Government Grants	$94,000
Program Services	$104,562
Investments	$33
Special Events	$8,215
Sales	$0
Other	$0
Total Revenue	$385,416

Expenses
Program Services	$267,575
Administration	$103,467
Fundraising	$15,464
Total Expenses	$386,506
Net Gain/Loss	($1,090)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$500
Information Technology Expenses	$0
Insurance Expenses	$13,109
Interest Expenses	$17,890
Investment Management Fees	$0
Legal Fees	$4,875
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$175,605
Government Grants	$55,000
Program Services	$150,752
Investments	$70
Special Events	$19,979
Sales	$0
Other	$0
Total Revenue	$401,406

Expenses
Program Services	$335,986
Administration	$76,597
Fundraising	$23,492
Total Expenses	$436,075
Net Gain/Loss	($34,669)

Functional expenses
Accounting Fees	$9,195
Advertising & Promotion	$9,201
Information Technology Expenses	$0
Insurance Expenses	$11,684
Interest Expenses	$3,929
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$195,995
Government Grants	$1,920
Program Services	$159,720
Investments	$34
Special Events	$13,645
Sales	$0
Other	$0
Total Revenue	$371,314

Expenses
Program Services	$250,217
Administration	$65,178
Fundraising	$6,917
Total Expenses	$322,312
Net Gain/Loss	$49,002

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$2,792
Information Technology Expenses	$0
Insurance Expenses	$15,534
Interest Expenses	$6,807
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$131,432
Government Grants	$50,000
Program Services	$211,529
Investments	$101
Special Events	$1,228
Sales	$0
Other	$0
Total Revenue	$394,290

Expenses
Program Services	$249,837
Administration	$96,320
Fundraising	$0
Total Expenses	$346,157
Net Gain/Loss	$48,133

Functional expenses
Accounting Fees	$6,755
Advertising & Promotion	$4,349
Information Technology Expenses	$0
Insurance Expenses	$4,336
Interest Expenses	$1,285
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$625
Government Grants	$2,000
Program Services	$187,971
Investments	$121
Special Events	$3,547
Sales	$0
Other	$0
Total Revenue	$469,226

Expenses
Program Services	$237,701
Administration	$126,454
Fundraising	$0
Total Expenses	$364,155
Net Gain/Loss	$105,071

Functional expenses
Accounting Fees	$5,190
Advertising & Promotion	$9,554
Information Technology Expenses	$0
Insurance Expenses	$5,738
Interest Expenses	$1,041
Investment Management Fees	$0
Legal Fees	$250
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$136,192
Government Grants	$17,000
Program Services	$167,197
Investments	$186
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$320,575

Expenses
Program Services	$183,058
Administration	$97,687
Fundraising	$0
Total Expenses	$280,745
Net Gain/Loss	$39,830

Functional expenses
Accounting Fees	$5,380
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$6,675
Interest Expenses	$46
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$9,950
Professional Fundraising Expenses	$0

Revenue
Contributions	$116,054
Government Grants	$63,331
Program Services	$24,000
Investments	$44
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$203,429

Expenses
Program Services	$225,124
Administration	$7,524
Fundraising	$355
Total Expenses	$233,003
Net Gain/Loss	($29,574)

Functional expenses
Accounting Fees	$2,170
Advertising & Promotion	$6,804
Information Technology Expenses	$0
Insurance Expenses	$5,115
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$8,275
Professional Fundraising Expenses	$0

Revenue
Contributions	$160,494
Government Grants	$70,990
Program Services	$148,193
Investments	$21
Special Events	($726)
Sales	$0
Other	$0
Total Revenue	$378,972

Expenses
Program Services	$362,674
Administration	$5,834
Fundraising	$0
Total Expenses	$368,508
Net Gain/Loss	$10,464

Functional expenses
Accounting Fees	$3,034
Advertising & Promotion	$11,308
Information Technology Expenses	$0
Insurance Expenses	$3,387
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$14,237
Professional Fundraising Expenses	$0

Riverside County Philharmonic Association Inc

Balance sheet

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jun 01, 2008	May 31, 2009	Change
Contributions	$389,278
Cash & Equivalents	$187,261	$64,718	($122,543)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$119,884	$52,529	($67,355)
Total Assets	$307,145	$117,247	($189,898)

Liabilities	Jun 01, 2008	May 31, 2009	Change
Total Liabilities	$131,196	$129,691	($1,505)

Fund balance	Jun 01, 2008	May 31, 2009	Change
Net Assets	$175,949	($12,444)	($188,393)

Assets	Jun 01, 2009	May 31, 2010	Change
Contributions	$323,771
Cash & Equivalents	$22,928	$4,771	($18,157)
Accounts Receivable	$44,000	$15,720	($28,280)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$7,092	$2,084	($5,008)
Other	$43,227	$1,889	($41,338)
Total Assets	$117,247	$24,464	($92,783)

Liabilities	Jun 01, 2009	May 31, 2010	Change
Accounts Payable	$28,510	$83,009	$54,499
Grants Payable	$0	$0	$0
Deferred Revenue	$87,181	$83,947	($3,234)
Loans and Notes	$14,000	$77,500	$63,500
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$129,691	$244,456	$114,765

Fund balance	Jun 01, 2009	May 31, 2010	Change
Temporarily Restricted Net Assets	$45,144	$47,194	$2,050
Permanently Restricted Net Assets	$41,790	$0	-$41,790
Total Restricted Net Assets	$86,934	$47,194	($39,740)
Unrestricted Net Assets	($99,378)	($267,186)	($167,808)
Net Assets	($12,444)	($219,992)	($207,548)

Assets	Jun 01, 2010	May 31, 2011	Change
Contributions	$293,791
Cash & Equivalents	$4,771	$5,408	$637
Accounts Receivable	$15,720	$1,724	($13,996)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$2,084	$38,916	$36,832
Other	$1,889	$1,264	($625)
Total Assets	$24,464	$47,312	$22,848

Liabilities	Jun 01, 2010	May 31, 2011	Change
Accounts Payable	$83,010	$91,452	$8,442
Grants Payable	$83,947	$94,426	$10,479
Deferred Revenue	$0	$0	$0
Loans and Notes	$77,500	$66,000	($11,500)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$244,457	$251,878	$7,421

Fund balance	Jun 01, 2010	May 31, 2011	Change
Temporarily Restricted Net Assets	$47,194	$58,894	$11,700
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$47,194	$58,894	$11,700
Unrestricted Net Assets	($267,186)	($263,460)	$3,726
Net Assets	($219,992)	($204,566)	$15,426

Riverside County Philharmonic Association Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

This snapshot of Riverside County Philharmonic Association Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jun 01 - May 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$50,833	$128,306	$42,530	-$29,574	$10,464
As % of expenses	14.8%	35.5%	15.3%	-12.7%	2.8%
Unrestricted surplus (deficit) after depreciation	$48,133	$125,606	$39,830	-$29,574	$10,464
As % of expenses	13.9%	34.5%	14.2%	-12.7%	2.8%

Revenue composition
Total revenue (unrestricted & restricted)	$394,290	$469,226	$320,575	$203,429	$378,972
Total revenue, % change over prior year	6.2%	19.0%	-31.7%	-36.5%	86.3%
Program services revenue	53.6%	40.1%	52.2%	11.8%	39.1%
Membership dues	7.9%	0.1%	5.6%	8.8%	7.9%
Investment income	0.0%	0.0%	0.1%	0.0%	0.0%
Government grants	12.7%	0.4%	5.3%	31.1%	18.7%
All other grants and contributions	25.8%	0.8%	36.9%	48.2%	34.2%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$343,457	$361,455	$278,045	$233,003	$368,508
Total expenses, % change over prior year	7.0%	5.2%	-23.1%	-16.2%	58.2%
Personnel	56.6%	50.9%	73.1%	49.5%	56.8%
Professional fees	2.0%	1.5%	4.1%	17.2%	16.3%
Occupancy	4.1%	4.3%	2.2%	0.7%	0.3%
Interest	0.4%	0.3%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	37.0%	43.0%	20.5%	32.5%	26.7%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$346,157	$364,155	$280,745	$233,003	$368,508
One month of savings	$28,621	$30,121	$23,170	$19,417	$30,709
Debt principal payment	$0	$0	$0	$0	$9,687
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$374,778	$394,276	$303,915	$252,420	$408,904

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	0.4	2.1	1.2	2.1	0.8
Months of cash and investments	0.4	2.1	1.2	2.1	0.8
Months of estimated liquid unrestricted net assets	-6.0	-1.5	-0.6	-2.3	-1.1

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$12,054	$62,057	$28,079	$41,148	$25,986
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$500	$25,463
Gross land, buildings, equipment (LBE)	$54,400	$54,400	$54,400	$54,400	$54,400
Accumulated depreciation (as a % of LBE)	89.3%	94.2%	99.3%	100.0%	100.0%
Liabilities (as a % of assets)	1035.3%	170.8%	148.5%	206.1%	159.9%
Unrestricted net assets	-$167,311	-$41,705	-$14,615	$0	$0
Temporarily restricted net assets	$0	$0	N/A	N/A	N/A
Permanently restricted net assets	$0	$0	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	-$167,311	-$41,705	-$14,615	-$44,188	-$33,724

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	Yes	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Executive Director

Becky Whatley

Number of employees

Source: IRS Form 990

Riverside County Philharmonic Association Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Riverside County Philharmonic Association Inc

Board of directors
as of 08/02/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Riverside County Philharmonic Association Inc

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Riverside Philharmonic core programs

Where we work

Financials

Revenue vs. expenses: breakdown

Liquidity in 2022 info

0.57

Months of cash in 2022 info

0.8

Fringe rate in 2022 info

21%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Riverside County Philharmonic Association Inc

Riverside County Philharmonic Association Inc

Riverside County Philharmonic Association Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Becky Whatley

Number of employees

Riverside County Philharmonic Association Inc

Compensation data

Riverside County Philharmonic Association Inc

Board of directors data

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities