2026-01-22T13:27:54-06:00 2025-06-30 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2024-07-01 231472487 READING MUSICAL FOUNDATION READ 6103763395 P O BOX 14835 READING PA 19612 STEPHANIE KOCHER TREASURER 6103763395 2026-01-21 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2026-01-21 2024 2025-03-06 01:10:19Z KERI SHULTZ P O BOX 14835 READING PA 19612 1766570 0 X WWW.READINGMUSICALFOUNDATION.ORG X 1927 PA TO ADVANCE AND ADVOCATE FOR MUSIC EDUCATION AND APPRECIATION IN BERKS COUNTY. 18 18 4 25 0 0 699649 799161 2900 800 817937 713652 3189 5937 1523675 1519550 749490 725784 0 0 232581 233972 0 0 70546 249476 173887 1231547 1133643 292128 385907 21639152 23631866 421423 416849 21217729 23215017 TO ADVANCE AND ADVOCATE FOR MUSIC EDUCATION AND APPRECIATION IN BERKS COUNTY. 0 0 262849 262849 STUDENT SCHOLARSHIPS - THE SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO COMMITTED BERKS COUNTY MUSIC STUDENTS WHO AUDITION ON MERIT OR DEMONSTRATE FINANCIAL NEED. SCHOLARSHIPS ARE AVAILABLE FOR PIANO, ORGAN, WOODWIND, BRASS, PERCUSSION, STRING, HARP, GUITAR AND VOCAL STUDENTS, AS WELL AS AWARDS FOR COLLEGE TUITION. FINANCIAL NEED-BASED SCHOLARSHIPS SUPPORT SUMMER CAMP PARTICIPATION, PRIVATE MUSIC STUDY, AND INSTRUMENT UPGRADE REQUESTS. 582692 371524 RMF PROVIDES GRANTS TO MUSIC-PRESENTING ORGANIZATIONS AND SPECIAL PROJECTS THAT STRENGTHEN BERKS COUNTY'S CULTURAL LIFE. FUNDING IS AWARDED BASED ON EACH ORGANIZATION'S ABILITY TO ADVANCE RMF'S MISSION OF INSPIRING, NURTURING, AND SUSTAINING A VIBRANT MUSICAL COMMUNITY. IN 2024, RMF SUPPORTED 24 LOCAL ENSEMBLES AND EDUCATIONAL INITIATIVES THROUGH PROGRAM GRANTS, UNDERWRITING PERFORMANCES, RESIDENCIES, AND MUSIC EDUCATION EXPERIENCES THROUGHOUT THE REGION. 99206 91411 800 RMF SHARES THE MUSICAL EXPERIENCE WITH MEMBERS OF THE COMMUNITY WHO MAY NOT OTHERWISE HAVE ACCESS TO MUSIC EDUCATION OR PERFORMANCE OPPORTUNITIES. PROGRAMS INCLUDE OPERATION REPLAY (INSTRUMENT RECYCLING AND LOAN PROGRAM), MUSIC IN THE SCHOOLS ASSEMBLIES, AFTER-SCHOOL MUSIC INSTRUCTION IN READING AND OLIVET BOYS & GIRLS CLUBS, THE LATIN MUSIC AFTER-SCHOOL PROGRAM, AND THE DIGITAL MUSIC LAB INITIATIVE. COLLECTIVELY, RMF PROVIDES MORE THAN 15 HOURS PER WEEK OF FREE AFTER-SCHOOL MUSIC EDUCATION AND WORKSHOPS FOR K-12 STUDENTS FROM SEPTEMBER THROUGH MAY. 944747 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 58 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X X THE ORGANIZATION 6103763395 201 WASHINGTON STREET SUITE 503 READING PA 19601 KERI M SHULTZ PRESIDENT 40.00 X 89543 0 28275 PAUL G OXHOLM CHAIR 2.00 X X 0 0 0 FRAN POST VICE CHAIR OF DEVELOPMENT 2.00 X X 0 0 0 MARTHA AYNARDI VICE CHAIR OF FINANCE 2.00 X X 0 0 0 SRIVIDYA RAMANATHAN VICE CHAIR OF PROGRAMS 2.00 X X 0 0 0 STEPHANIE KOCHER TREASURER 1.00 X X 0 0 0 TIM HAYNES ASSISTANT TREASURER 1.00 X X 0 0 0 SANDY KERN SECRETARY 2.00 X X 0 0 0 TIM SIMMONS TRUSTEE 1.00 X 0 0 0 MICHAEL ANDERSON TRUSTEE 1.00 X 0 0 0 KENT GUTZLER TRUSTEE 1.00 X 0 0 0 KIM WEBSTER TRUSTEE 1.00 X 0 0 0 VIRGINIA DODGE TRUSTEE 1.00 X 0 0 0 LEWIS FREEMAN TRUSTEE 1.00 X 0 0 0 RICK TOMLINSON TRUSTEE 1.00 X 0 0 0 WANDA CRESPO TRUSTEE 1.00 X 0 0 0 MIKE D'ERRICO TRUSTEE 1.00 X 0 0 0 JOHN ERNESTO TRUSTEE 1.00 X 0 0 0 DEBRA MICKA TRUSTEE 1.00 X 0 0 0 89543 0 28275 0 0 0 0 0 13000 786161 12200 799161 MUSIC IN SCHOOLS 711300 800 800 800 687252 687252 262812 236412 26400 26400 26400 16545 10608 5937 5937 1519550 688052 0 32337 462934 462934 262850 262850 91068 58962 23057 9049 124486 74692 37345 12449 3254 1789 1221 244 15164 8341 5687 1136 20045 12027 8018 42570 14687 27883 8627 6921 1706 37760 17365 10121 10274 10663 6397 2133 2133 19233 13463 2885 2885 711 711 CAMPAIGN EXPENSE 27423 2500 24923 MISCELLANEOUS 5747 5747 MUSIC ADVOCACY 1108 1108 1133643 944747 118350 70546 192883 121740 56207 36650 39048 20000 2568 8370 44682 40429 4964 4253 16877482 18689490 4466000 4751363 21639152 23631866 111208 102484 310215 314365 421423 416849 X 11298477 12334519 9919252 10880498 21217729 23215017 21639152 23631866 X 385907 1369491 241890 X X 0 1 X 1 0 X 611687 735050 526757 590642 694161 3158297 611687 735050 526757 590642 694161 3158297 3158297 419425 761877 493352 525242 687252 2887148 9476 2342 12647 118 24583 6070028 44434 0.52030 0.55150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 9,476. 2021 AMOUNT: $ 2,342. 2022 AMOUNT: $ 12,647. 2023 AMOUNT: $ 118. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5499271 218057 782301 281002 6218627 4878419 130395 800606 310149 5499271 4459029 107951 577695 266256 4878419 5359165 255544 -861809 293871 4459029 4111330 159737 1393991 305893 5359165 0.00000 0.03020 0.96980 0 0 6499 6499 0 38183 33930 4253 4253 INTEREST RECEIVABLE 16749 INTEREST IN PERPETUAL TRUST 4661870 DONATED INSTRUMENTS HELD FOR DISTRIBUTION 23750 OTHER RECEIVABLES 48994 4751363 X 3093222 1369491 246751 1616242 1476980 42570 42570 1519550 1095934 4861 4861 1091073 42570 42570 1133643 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE A VARIETY OF SPECIFIC MUSIC RELATED SCHOLARSHIPS TO STUDENTS IN BERKS COUNTY, PROVIDE GENERAL OPERATING SUPPORT FOR THE FOUNDATION AND SUPPORT THE READING SYMPHONY ORCHESTRA. PART X, LINE 2: AS A NOT-FOR-PROFIT FOUNDATION, THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, THE FOUNDATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENT OF ACTIVITIES. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FOUNDATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE FOUNDATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUSTS 241,890. SPECIAL EVENT EXPENSES 10,608. MISCELLANEOUS -5,747. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 42,570. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 10,608. MISCELLANEOUS -5,747. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 42,570. BERKS SHINES 16545 16545 4588 6020 16545 16545 4588 6020 10608 5937 1 BERKS ARTS 201 WASHINGTON STREET STE 523 READING PA 19601 237366925 501(C)(3) 14200 0 RESTRICTED GRANT FOR JAZZ EDUCATION PROGRAMS BERKS SINFONIETTA 710 N FIFTH STREET READING PA 19601 472060533 501(C)(3) 8000 0 RESTRICTED GRANT FOR CONCERT EXPENSES BERKS YOUTH CHORUS 201 WASHINGTON STREET STE 506B READING PA 19601 232684036 501(C)(3) 6465 0 RESTRICTED GRANT FOR SCHOLARSHIP AND SUMMER SING EXPENSES FRIENDS OF CHAMBER MUSIC 1320 E WYOMISSING BLVD READING PA 19611 232188187 501(C)(3) 8800 0 RESTRICTED GRANT FOR CONCERT PERFORMANCES AND OUTREACH PROGRAM EXPENSES OLIVET BOYS & GIRLS CLUB 1161 PERSHING BLVD READING PA 19611 231365380 501(C)(3) 32000 0 RESTRICTED GRANT FOR AFTER-SCHOOL MUSIC PROGRAMS OPUS ONE BERKS CHAMBER CHOIR PO BOX 6332 WYOMISSING PA 19610 461610644 501(C)(3) 6000 0 RESTRICTED GRANT FOR CONCERT EXPENSES READING CHORAL SOCIETY 201 WASHINGTON STREET SUITE 504 READING PA 19601 231970528 501(C)(3) 18500 0 RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES READING POPS ORCHESTRA 3314 REEDY ROAD READING PA 19608 232469343 501(C)(3) 11700 0 RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES READING SYMPHONY ORCHESTRA 147 NORTH 5TH STREET READING PA 19601 231741046 501(C)(3) 118395 0 RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES RINGGOLD BAND 3539 FREMONT STREET READING PA 19605 236003396 501(C)(3) 20000 0 RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES VOX PHILIA 710 N FIFTH STREET READING PA 19601 461545840 501(C)(3) 6000 0 RESTRICTED GRANT FOR CONCERT EXPENSES WCR CENTER FOR THE ARTS 140 N FIFTH STREET READING PA 19601 320117034 501(C)(3) 8100 0 RESTRICTED GRANT FOR CONCERT EXPENSES YOCUM INSTITUTE FOR ARTS EDUCATION 3900 PENN AVENUE WEST LAWN PA 19609 231365985 501(C)(3) 7500 0 RESTRICTED GRANT FOR MUSIC PRODUCTION EXPENSES 13 0 FINANCIAL NEED 459 156200 FINANCIAL ASSISTANCE TO COMMITTED BERKS COUNTY STUDENTS WHO AUDITION ON MERIT OR DEMONSTRATE A FINANCIAL NEED. 156 106650 SCHEDULE I, PART I, LINE 2 READING MUSICAL FOUNDATION DEMANDS THE FOLLOWING AS PART OF THE GRANT AGREEMENT WITH RECIPIENTS RECEIVING FUNDS: 1) RECIPIENTS WILL SEND AN EVALUATION OF THE RECIPIENT'S SEASON TO DATE, COMPARING ACTUAL OUTCOMES WITH EXPECTATIONS, AND AN ACCOUNTING OF HOW THE RECIPIENTS APPLIED THE AWARD BY APRIL 15TH OF THE FOLLOWING YEAR, 2) RECIPIENTS ARE ALSO REQUIRED TO RETURN ANY PORTION OF THE GRANT THAT WAS UNSPENT, AND THE FULL AMOUNT IF RMF DETERMINES THERE WAS MATERIAL MISSTATEMENT IN THE APPLICATION, OR IF ANY REQUIRED GOVERNANCE OR FINANCIAL REPORTING PRACTICES DESCRIBED IN THE APPLICATION CEASES DURING THE YEAR. FORM 990, PART V, LINE 1C THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WHITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 11B THE TAX PREPARER SUBMITS A DRAFT COPY FOR REVIEW TO THE VICE CHAIR OF FINANCE, PRESIDENT OF THE ORGANIZATION AND OTHER TRUSTEES APPOINTED BY THE BOARD TO REVIEW THE 990. ONCE THESE APPOINTED PERSONS ARE SATISFIED WITH THE TAX RETURN, IT IS MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES. FAILING ANY CHANGES MADE BY THE TRUSTEES, THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT ANNUALLY MONITORS AND REVIEWS WITH CHAIRPERSON FOR ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BASED ON SALARIES OF OTHER NON-PROFIT EXECUTIVES OF A SIMILAR SIZE IN THE READING/BERKS AREA; THE LEVEL OF EXPERIENCE AND TRAINING; PERCENTAGE OF ANNUAL INCOME & OPERATING BUDGET; ADDITIONAL BENEFITS PROVIDED INDLUDING HEALTH BENEFITS AND RETIREMENT. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS MADE AVAILABLE UPON REQUEST OR IS OPEN FOR PUBLIC REVIEW AT GUIDESTAR.ORG FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON PERPETUAL TRUSTS 241,890. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN HOW THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, OF ITS FINANCIAL STATEMENT, OR IN THE SELECTION OF THE INDEPENDENT ACCOUNTANT.