Reading Musical Foundation
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Promotes music education, advocacy, and performances in Greater Reading. For fiscal year 2025 it reported $1.5M in revenue, $1.1M in expenses, and $23.2M in net assets.Pt I
Summary of the Filing
Where the work happens
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.
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.
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…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Keri M Shultz’s $90K as President is at the 24th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Keri M Shultz | $89,543 | $84,293 | $83,407 | $76,811 | $76,952 | $74,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 83% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 9% | — | — |
| Revenue growth | -0% | — | — |
| Investment management fee ratio | 0% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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