EIN 23-1472487

Reading Musical Foundation (RMF)

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1927
Most recent tax filings
2023-06-01
NTEE code, primary
Description
The mission of the Reading Musical Foundation is to promote and facilitate music education and appreciation in order to preserve and develop musical experience and culture within our Berks County Community.
Total revenues
$1,734,772
2023
Total expenses
$1,083,790
2023
Total assets
$19,546,330
2023
Num. employees
3
2023

Program areas at RMF

Student scholarships - the scholarship program provides financial assistance for committed berks county music students who audition on merit or demonstrate a financial need merit. Scholarships include the areas of piano, organ, woodwind, brass, percussion, string, harp, guitar, vocal, and awards for college tuition. Financial need scholarships include summer camp, private music study, and instrument upgrade requests.
Music outreach - music outreach programs share the Musical experience with members of the community who may not be able to pay for or appreciate why it is worth paying for programs including operation replay (instrument recycling), music in the schools, after-school instructional programs, workshops and master classes. Rmf devoted over 15 hours/weekly of after-school programming from september 2022- may 2023.
Appropriations to music presenters and special projects grants are provided for cultural development to music presenting organizations that perform primarily in berks county. Funding support was provided to 24 Musical organizations and program grants awarded based upon the organization/program's ability to related to the mission of the Reading Musical Foundation.

Grants made by RMF

GranteeGrant descriptionAmount
Reading Symphony Orchestra Association (RSO)Restricted Grant for Concert, Education and Concert Program Expenses$128,630
Olivet Boys' and Girls' Club of Reading and Berks County PaRestricted Grant for Summer Music and Weekly Music Classes$29,990
Reading Choral SocietyRestricted Grant for Concert, Education and Concert Program Expenses$21,500
...and 8 more grants made

Who funds Reading Musical Foundation (RMF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gibbs Var CharGeneral Operating$175,000
The Wyomissing FoundationCommunity Grant Program$35,000
Beyerle Marie LGeneral Operating$22,378
...and 10 more grants received

Personnel at RMF

NameTitleCompensation
Keri M ShultzPresident$83,407
Tim SimmonsTreasurer
Sandy KernSecretary$0
Virginia DodgeVice Chair of Development$0
Jayne R SchaefferImmediate Past Chair$0
...and 9 more key personnel

Financials for RMF

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,202,428
Program services$2,700
Investment income and dividends$493,352
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$32,471
Net income from fundraising events$-8,826
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,647
Total revenues$1,734,772

Form 990s for RMF

Fiscal year endingDate received by IRSFormPDF link
2023-062024-01-31990View PDF
2022-062023-01-26990View PDF
2021-062022-03-18990View PDF
2020-062021-04-06990View PDF
2019-062020-12-11990View PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $22,378 from Beyerle Marie L
October 25, 2023
Received grants
Identified 10 new grant, including a grant for $180,000 from Gibbs Var Char
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsFundraising eventsState / local levelReceives government fundingEndowed supportTax deductible donations
General information
Address
PO Box 14835
Reading, PA 19612
Metro area
Reading, PA
County
Berks County, PA
Website URL
readingmusicalfoundation.org/ 
Phone
(610) 376-3395
Facebook page
ReadingMusicalFoundation 
Twitter profile
@rmf4music 
IRS details
EIN
23-1472487
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1927
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A68: Music
NAICS code, primary
711130: Musical Groups and Artists
Parent/child status
Independent
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