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Florida · Nonprofit

RIVERSIDE THEATRE INC

RIVERSIDE THEATRE INC (Florida) receives grants from 161 organizations whose IRS filings report $22,561,081 to it, the largest being WEM FOUNDATION ($10,145,000). 114 of them have funded it in more than one year.

Revenue FY2025
$14M
Funders on record
161
Grants received
$23M
Net assets
$51M
114/161 repeat funderspeak grant-dependency 64%
01What it does

What Riverside Theatre Inc does

Mission

Riverside theatre, inc. Is committed to providing a total theatre arts experience that entertains, challenges, and educates both adults and children.* producing quality works from broadway, off-broadway, and regional theatres with an emphasis on high production values.* providing the youth of the community with a broad range of education opportunities that will cultivate tomorrow's artist and audiences, while building the skills of today.* providing a nurturing and collaborative environment for the artist, educators, and staff.

As stated on its FY2025 Form 990.

Programs

  1. Production of plays for the general public

    $6,815,960 spent$5,156,072 earned by the program
    93% of program spending
  2. Summer and in-school workshops for children

    $494,317 spent$160,923 earned by the program
    7% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,310,277.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($15M) Expenses 100 ($9.3M) Net assets 100 ($34M)2018 Revenue 104 ($15M) Expenses 104 ($9.7M) Net assets 110 ($38M)2019 Revenue 77 ($11M) Expenses 110 ($10M) Net assets 114 ($39M)2020 Revenue 48 ($7.2M) Expenses 95 ($8.8M) Net assets 110 ($38M)2021 Revenue 79 ($12M) Expenses 61 ($5.7M) Net assets 124 ($43M)2022 Revenue 60 ($8.9M) Expenses 84 ($7.8M) Net assets 121 ($42M)2023 Revenue 120 ($18M) Expenses 101 ($9.4M) Net assets 146 ($50M)2024 Revenue 78 ($12M) Expenses 128 ($12M) Net assets 153 ($52M)2025 Revenue 92 ($14M) Expenses 133 ($12M) Net assets 149 ($51M)
'17'18'19'20'21'22'23'24'25
Revenue (92)Expenses (133)Net assets (149)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $45M to $54M (+22%).

$37M
$41M
$43M
$41M
$47M
$45M
$54M
$57M
$57M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 0% · 2019 0% · 2020 1% · 2021 6% · 2022 47% · 2023 2% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.

27% of RIVERSIDE THEATRE INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (58% for the typical peer).

This organization
Typical peer · 810 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$5.6M
’17
$5.8M
’18
$1.2M
’19
−$1.6M
’20
$6.1M
’21
$1.1M
’22
$8.4M
’23
−$250k
’24
$1.3M
’25
17
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Allen Cornell

Artistic director/CEO

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed383636404140374039
Joined·+2+3+7+1+0+0+12+1
No longer listed·43301392
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 44 funders to 79 funders, grant income rose $800k → $11M.

26 of 161 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of RIVERSIDE THEATRE INC’s funders (the co-funder graph). Top 30 of 161 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

RIVERSIDE THEATRE INC leans on a few funders — its largest provides 45% of grant income and the top three 61%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund RIVERSIDE THEATRE INC.

45%
largest funder
61%
top three
~4
effective funders

Largest funder’s share by year: 2017 41% · 2018 25% · 2019 25% · 2020 34% · 2021 61% · 2022 11% · 2023 88% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

56% of RIVERSIDE THEATRE INC's funders are still giving 3 years after their first grant; 71% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

RIVERSIDE THEATRE INC draws 81% of its grant income from funders outside Florida, across 31 states in all.

ME
NH
MN
IL
WI
MI
NY
MA
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
MO
KY
VA
MD
DE
KS
TN
NC
SC
OK
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $5.9M arriving through sponsors registered in 18 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

RIVERSIDE THEATRE INC holds deeper cash reserves than three-quarters of the 570 arts & culture nonprofits its size.

Operating margin10% · below the median
Months of reserve16.9mo · top quartile
Revenue growth (annualized)−1% · bottom quartile

this organization peer median middle 50% of peers· 570 arts & culture nonprofits $10M–$100M, FY2025

Organizations like RIVERSIDE THEATRE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

60% of spending goes to programs.

Program 60%Management 37%Fundraising 3%

Governance

37
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

51%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Part of a family of 2 related entities

  • Riverside Theatricals LLC · disregarded
  • Star Suites by Riverside Theatre LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for RIVERSIDE THEATRE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds RIVERSIDE THEATRE INC?
RIVERSIDE THEATRE INC (Florida) receives grants from 161 organizations whose IRS filings report $22,561,081 to it, the largest being WEM FOUNDATION ($10,145,000). 114 of them have funded it in more than one year.
How many funders does RIVERSIDE THEATRE INC have?
IRS filings report 161 organizations giving $22,561,081 in grants to RIVERSIDE THEATRE INC, 114 of which have funded it in more than one year.
Who is the largest funder of RIVERSIDE THEATRE INC?
WEM FOUNDATION is the largest funder on record, with $10,145,000 in grants. The full list of funders is on this page.
How can an organization like RIVERSIDE THEATRE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Riverside Theatre →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 161 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing