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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Reading Musical Foundation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The high score indicates that the organization maintains excellent financial oversight and transparency, which is crucial for donor trust. The evaluation emphasizes that the rating is solely based on its Accountability & Finance score of 96%.
One of the organization's strengths is its governance structure, with a fully independent board comprising 17 members. The foundation demonstrates a robust commitment to ethical practices, as evidenced by its comprehensive conflict of interest, whistleblower, and document retention policies. Additionally, the foundation excels in managing its financial resources, with a program expense ratio of over 85%, ensuring that the majority of funds are directed towards its mission.
While the foundation's financial health appears strong with minimal liabilities, the summary lacks any mention of specific programmatic outcomes or community impact. Future evaluations could benefit from insights into how effectively the organization is achieving its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $76,811
- Related: $0
- Other: $21,363
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.readingmusicalfoundation.org
Where can I find the form 990 for Reading Musical Foundation?
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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Reading Musical Foundation plays a crucial role in fostering music education and performance in Greater Reading. Its scholarship program provides vital financial assistance to dedicated music students in Berks County, helping those who demonstrate both merit and financial need. These scholarships cover a wide range of musical disciplines, including piano, organ, woodwind, brass, percussion, string, harp, guitar, and vocal arts, as well as college tuition support. By also addressing financial needs for summer camps, private music lessons, and instrument upgrades, the foundation ensures that aspiring musicians have the necessary resources to pursue their passion and enhance their skills. Furthermore, Reading Musical Foundation advocates for music appreciation within the community, significantly enriching the cultural landscape of Berks County.
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.
Financials
This financial information is from Propublica.
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
Want to help this charity, for free? You can click here to learn more about Give Freely
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
Phone
(610) 376-3395Principal 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.