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Reading Musical Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231472487 ✦ Reading, PA ✦ Designated as a 501(c)(3)

Overview

What is Reading Musical Foundation?

The Reading Musical Foundation is a nonprofit organization situated in Reading, Pennsylvania. Its primary focus is to support music education, advocacy, and performance within the broader Reading community. The organization offers student scholarships, providing financial aid to talented Berks County music students who either merit the scholarships or demonstrate a substantial financial need. The scholarship program caters to various musical instruments such as piano, organ, woodwind, brass, percussion, strings, harp, guitar, and vocals. Additionally, it covers college tuition awards, summer camp expenses, private music study, and instrument upgrade requests for those in financial need. The Reading Musical Foundation's mission is to advocate for and advance music appreciation and music education in Berks County, thereby fostering a vibrant and musically enriched community.


Official website here: www.readingmusicalfoundation.org

Is Reading Musical Foundation legitimate?

Reading Musical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading Musical Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $82,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,201

For more financial information, click here


Official website here: www.readingmusicalfoundation.org

What is the mission statement of Reading Musical Foundation?

The Reading Musical Foundation works towards advocating for and advancing music appreciation and music education. This non-profit organization's mission is centered around supporting various aspects of music, including education, advocacy, and performance, in a broader context. They offer financial assistance through scholarships to committed music students in need, covering areas like piano, vocals, and instrument upgrades, among others. This support extends to summer camps, private music studies, and instrument upgrades, demonstrating their commitment to fostering musical talent.


Official website here: www.readingmusicalfoundation.org

Who is the CEO of Reading Musical Foundation?

Keri Shultz is the Principal Officer of Reading Musical Foundation.


Official website here: www.readingmusicalfoundation.org

What is the revenue of Reading Musical Foundation?

Reading Musical Foundation's revenue in 2022 was $3,531,006.


Official website here: www.readingmusicalfoundation.org

Who are the executives of Reading Musical Foundation and what are their salaries?

The average compensation at Reading Musical Foundation during 2022 was $56,219. There are 3 employees and 25 volunteers at Reading Musical Foundation.

Here are 18 key members and their salaries:

    Keri M Shultz (President)
  • Compensation: $76,811
  • Related: $0
  • Other: $21,363

    • Jayne R Schaeffer Cpa (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul G Oxholm (Vice Chair Of Finance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Aynardi (Vice Chair Of Programs) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Watts Until 0122 (Vice Chair Of Development) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Simmons (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lewis Freeman (Assistant Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Kern (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David L Kline (Assistant Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Virginia Dodge (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Gallen Moll Until 1121 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tahj Morales (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Webster (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jamie Thompson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Srividya Ramanathan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Kocher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Haynes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.readingmusicalfoundation.org

    Where can I find the form 990 for Reading Musical Foundation?

    The Reading Musical Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.readingmusicalfoundation.org

    Learn more at the official website: www.readingmusicalfoundation.org

    Mission Statement of Reading Musical Foundation

    The Reading Musical Foundation, a dedicated organization, is committed to advocating for and advancing music appreciation and music education in Berks County. Its mission is to support music education, advocacy, and music performance, aiming to foster a vibrant musical community. The foundation achieves this by providing financial assistance to dedicated music students through its scholarship program. This program caters to various musical instruments, including piano, organ, woodwind, brass, percussion, string, harp, guitar, vocal, and college tuition. Moreover, it offers financial aid for summer camps, private music study, and instrument upgrade requests, ensuring that committed Berks County students have access to quality music education, regardless of their financial circumstances.

    Impact

    This information is meant to be a general summary of Reading Musical Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Reading Musical Foundation has a significant impact on the Greater Reading community by supporting music education, advocacy, and music performance. Through their scholarship program, they provide financial assistance to committed Berks County music students, helping them to pursue their musical aspirations. These scholarships cover a wide range of areas including piano, organ, woodwind, brass, percussion, string, harp, guitar, vocal, and even awards for college tuition. In addition to merit-based scholarships, they also support students with financial needs by offering scholarships for summer camps, private music study, and instrument upgrades. By advocating for and advancing music appreciation and education in Berks County, Reading Musical Foundation plays a vital role in fostering the growth and development of young musicians in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,358,113
  • Program Service Revenue: $2,800
  • Gross Receipts: $3,531,006

    • Assets and Liabilities:
  • Total Assets: $17,638,151
  • Total Liabilities: $359,041
  • Net Assets: $17,279,110
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MUSIC IN SCHOOLS

    Revenue

    $2,800

    Organization Details

    Founding Year

    1927

    Principal Officer

    Keri Shultz

    Main Address

    P O BOX 14835, READING, PA, 19612

    NTEE Category

    Code: A68I - Arts

    If you are a representative of Reading Musical Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.