Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1943.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $90K paid to officers and key staff.
Keri M Shultz’s $90K as President is at the 24th percentile of top reported officer pay among 3924 $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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes music education, advocacy, and performances in Greater Reading.
Questions for Reading Musical Foundation
Your first name shows with your question. Reading Musical Foundation answers here, for everyone.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $249K | $158K |
| InvestmentsLn 11–13 | $16.9M | $18.7M |
| Land, buildings, equipmentLn 10c | $5K | $4K |
| Total assetsLn 16 | $21.6M | $23.6M |
| LiabilitiesLn 26 | $421K | $417K |
| Net assetsLn 32 | $21.2M | $23.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $463K | $463K | ||
| Grants to domestic individualsLn 2 | $263K | $263K | ||
| Pay of current officers, directors and key staffLn 5 | $91K | $59K | $23K | $9K |
| Other salaries and wagesLn 7 | $124K | $75K | $37K | $12K |
| Pension plan contributionsLn 8 | $3K | $2K | $1K | $244 |
| Payroll taxesLn 10 | $15K | $8K | $6K | $1K |
| Accounting feesLn 11c | $20K | $12K | $8K | |
| Investment management feesLn 11f | $43K | $15K | $28K | |
| Advertising and promotionLn 12 | $9K | $7K | $2K | |
| Office expensesLn 13 | $38K | $17K | $10K | $10K |
| Information technologyLn 14 | $11K | $6K | $2K | $2K |
| OccupancyLn 16 | $19K | $13K | $3K | $3K |
| Depreciation, depletion and amortizationLn 22 | $711 | $711 | ||
| Other expenses (24a–d)Ln 24 | $34K | $4K | $31K | |
| Total functional expensesLn 25 | $1.1M | $945K | $118K | $71K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.5M | $1.1M | $386K | $23.2M | 990 PDF |
| FY2024 | $1.5M | $1.2M | $292K | $21.2M | 990 PDF |
| FY2023 | $1.7M | $1.1M | $651K | $19.1M | 990 PDF |
| FY2022 | $3.5M | $940K | $2.6M | $17.3M | 990 PDF |
| FY2021 | $1.5M | $765K | $710K | $20.3M | 990 PDF |
| FY2020 | $1.4M | $1.1M | $356K | $15.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,519,550 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, no flags
Part VIII · Statement of revenue $1,519,550 across 9 lines filed
Part IX · Statement of functional expenses $1,133,643 across 14 lines filed
Part X · Balance sheet $23,631,866 assets, 15 lines filed
Part XI · Reconciliation of net assets $23,215,017 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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