NonprofitsReading Musical Foundation

Arts & Culture

Reading Musical Foundation

READING, PA

Total revenue

$1.5M

Total expenses

$1.2M

Net assets

$21.2M

Grants received

$1.3M

48 grants

EIN

231472487

Tax year

2023

Mission

To advance and advocate for music education and appreciation in berks county.

Programs

2 programs

Appropriations to music presenters and special projects: grants are provided to support cultural development for music-presenting organizations that perform primarily in berks county. In the past year, funding was awarded to 24 musical organizations, with program grants distributed based on each organization's or program's alignment with the mission of the reading musical foundation.

Expenses: $577KGrants: $365K

Music outreach - music outreach programs bring musical experience to community members who may not have the means to participate or may not yet recognize the value of these opportunities. Programs include operation replay (instrument recylcing), music in the schools, after-school instructional programs, workshops, and master classes. From september 2023 to may 2024, rmf provided over 15 hours after-school programming each week.

Expenses: $120KGrants: $109K

Financials

FY 2023

Revenue

Contributions & grants$700K
Program service revenue$3K
Investment income$818K
Other revenue$3K
Total revenue$1.5M

Expenses

Grants paid$749K
Salaries & benefits$233K
Fundraising$60K
Other expenses$249K
Total expenses$1.2M
Total assets$21.6M
Net assets$21.2M

People

17 listed

NameRoleCompensation

KERI M SHULTZ

PRESIDENT

Board

$84K

40 hrs/wk

PAUL G OXHOLM

CHAIR

Board

2 hrs/wk

FRAN POST

VICE CHAIR OF DEVELOPMENT

Board

2 hrs/wk

MARTHA AYNARDI

VICE CHAIR OF FINANCE

Board

2 hrs/wk

SRIVIDYA RAMANATHAN

VICE CHAIR OF PROGRAMS

Board

2 hrs/wk

TIMOTHY SIMMONS

TREASURER

Board

2 hrs/wk

TIM HAYNES

ASSISTANT TREASURER

Board

1 hrs/wk

SANDY KERN

SECRETARY

Board

2 hrs/wk

DAVID L KLINE

ASSISTANT SECRETARY

Board

1 hrs/wk

VIRGINIA DODGE

TRUSTEE

Board

1 hrs/wk

LEWIS FREEMAN

TRUSTEE

Board

1 hrs/wk

RICK TOMLINSON BEG 1123

TRUSTEE

Board

1 hrs/wk

MICHAEL ANDERSON

TRUSTEE

Board

1 hrs/wk

KENT GUTZLER

TRUSTEE

Board

1 hrs/wk

KIM WEBSTER

TRUSTEE

Board

1 hrs/wk

JAMIE THOMPSON

TRUSTEE

Board

1 hrs/wk

STEPHANIE KOCHER

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 48 of 48

FromAmountPurposeYear
$35K
COMMUNITY GRANT PROGRAM-ANNUAL SUPPORT
2024
$6K
TO PROVIDE SUPPORT FOR BERKS SHINES
2024
$500
VARIOUS RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES
2024
$166K
GENERAL OPERATING
2023
$35K
COMMUNITY GRANT PROGRAM - ANNUAL SUPPORT
2023
$22K
GENERAL OPERATING
2023
$8K
GENERAL PURPOSE CONTRIBUTION
2023
$7K
ARTS, CULTURE & HUMANITIES
2023
$5K
ADVANCEMENT OF MUSIC
2023
$3K
TO PROVIDE SUPPORT FOR BERKS SHINES
2023
$2K
EDUCATIONAL SCHOLARSHIPS
2023
$2K
supporting musicaleducation forchildren
2023
$500
VARIOUS RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES
2023
$175K
GENERAL OPERATING
2022
$35K
COMMUNITY GRANT PROGRAM
2022
$24K
GENERAL OPERATING
2022
$8K
GENERAL PURPOSE CONTRIBUTION
2022
$7K
ARTS, CULTURE & HUMANITIES
2022
$5K
ADVANCEMENT OF MUSIC
2022
$3K
EDUCATIONAL SCHOLARSHIPS
2022
$3K
TO PROVIDE SUPPORT FOR BERKS SHINES
2022
$500
VARIOUS RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES
2022
$180K
GENERAL OPERATING
2021
$21K
GENERAL OPERATING
2021
$11K
For grant recipient's exempt purposes
2021
$11K
For grant recipient's exempt purposes
2021
$8K
ADVANCEMENT OF MUSIC
2021
$8K
ADVANCEMENT OF MUSIC
2021
$4K
EDUCATIONAL SCHOLARSHIPS
2021
$173K
GENERAL OPERATING
2020
$28K
COMMUNITY GRANTS
2020
$21K
GENERAL OPERATING
2020
$8K
GENERAL PURPOSE CONTRIBUTION
2020
$5K
General support,stufents
2020
$5K
HIGH SCHOOL VOCAL SCHOLARSHIP
2020
$4K
TO CONTRIBUTE TO THE SALLY S BREIDEGAM MIKSIEWICZ SCHOLARSHIP FUND
2020
$4K
EDUCATIONAL SCHOLARSHIPS
2020
$175
VARIOUS RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES
2020
$164K
GENERAL OPERATING
2019
$21K
GENERAL OPERATING
2018
$4K
EDUCATIONAL SCHOLARSHIPS
2018
$3K
TO CONTRIBUTE TO THE SALLY S BREIDEGAM MIKSIEWICZ SCHOLARSHIP FUND
2018
$250
VARIOUS RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES
2018

Funded by

$1.3M from 14 funders · 48 grants · 2018–2024

Gibbs Var Char

$858K · 5 grants · 2019–2023

The Wyomissing Foundation Inc

$133K · 4 grants · 2020–2024

Beyerle Marie L

$109K · 5 grants · 2018–2023

The Presser Foundation

$25K · 4 grants · 2021–2023

Henry Janssen Foundation

$23K · 3 grants · 2020–2023

Pennsylvania Automotive Association

$21K · 2 grants · 2021–2024

The Breidegam Family Foundation

$18K · 5 grants · 2018–2024

Details

EIN231472487
NTEE codeA68I
Subsection03
Ruling date1943-05
Formed1927
Employees4
Volunteers25
READING MUSICAL FOUNDATION — Mission, Financials & Grants Received | Grantivo