Reading Buccaneers INC

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The organization operates a drum and bugle corps which provides enetertainment and cultural enrichment to the public through performances and parades.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $24K a year · 8% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$432K
+18% vs prior year
Spent
$413K
To programs
100%
Net assets
$77K
By yearFY2021–FY2024
Revenue
$432K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$232K
FY2022$257K
FY2023$368K
FY2024$432K
Expenses
$413K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$66K
FY2022$314K
FY2023$401K
FY2024$413K
Net assets
$77K
FY2024▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2021$151K
FY2022$94K
FY2023$59K
FY2024$77K

From the FY2024 Form 990 (year ending October 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $413K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Business Man
$0Pt VII · Sec A
Assistant Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Reading Buccaneers INC executive salaries →

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 15aNo

Programs and updates

Entertains and enriches the public with drum and bugle corps performances and parades.

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1 program · $70K · in their own filed words · FY2023
01

To provide entertainment through musical performance and parades.

$70Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$432K
Ln 12
Fees for servicesLn 2g$432K
Money outPt IX
$413K
Ln 25
Programscol B$413K
Owns and owesPt X
$77K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$84K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$432K
Total revenueLn 12$432K
Assets in detailPt X, end of year
CashLn 1$61K
Cash and savings togetherLn 1–2$61K
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$84K
LiabilitiesLn 26$7K
Net assetsLn 32$77K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$33K$61K
Land, buildings, equipmentLn 10c$30K$24K
Total assetsLn 16$63K$84K
LiabilitiesLn 26$4K$7K
Net assetsLn 32$59K$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$70K$70K
Office expensesLn 13$12K$12K
OccupancyLn 16$42K$42K
TravelLn 17$122$122
InterestLn 20$451$451
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$199K$199K
All other expensesLn 24e$72K$72K
Total functional expensesLn 25$413K$413K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 2, 2025 $432K$413K$20K$77K 990 PDF
FY2023Filed with the IRS Sep 11, 2024 $368K$401K−$33K$59K 990 PDF
FY2022Filed with the IRS Jun 19, 2023 $257K$314K−$56K$94K 990 PDF
FY2021Filed with the IRS Sep 15, 2022 $232K$66K$167K$151K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $432,296 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $367,891$432,296
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $367,891$432,296
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $400,999$412,793
I-18 Total expensesPrior year $400,999$412,793
I-19 Revenue less expensesPrior year −$33,108$19,503
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $432,296 across 2 lines filed
Lines not itemized here account for $24,400 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $407,896$407,896
VIII-12 Total revenueRelated to mission $432,296$432,296
Part IX · Statement of functional expenses $412,793 across 10 lines filed
IX-11c Accounting feesPrograms $2,630$2,630
IX-11g Other fees for servicesPrograms $70,198$70,198
IX-13 Office expensesPrograms $11,639$11,639
IX-16 OccupancyPrograms $42,034$42,034
IX-17 TravelPrograms $122$122
IX-20 InterestPrograms $451$451
IX-22 Depreciation, depletion and amortizationPrograms $5,250$5,250
IX-23 InsurancePrograms $8,877$8,877
IX-24 Other expenses (24a–d)Programs $199,093$199,093
IX-24e All other expensesPrograms $72,499$72,499
IX-25 Total functional expensesPrograms $412,793 · Management $0 · Fundraising $0$412,793
Part X · Balance sheet $84,353 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $32,858$60,709
X-10c Land, buildings and equipment, netStart of year $30,191$23,644
X-16 Total assetsStart of year $63,049$84,353
X-17 Accounts payable and accrued expensesStart of year $3,720$6,855
X-26 Total liabilitiesStart of year $3,757$6,855
X-27 Net assets without donor restrictionsStart of year $59,292$77,498
X-32 Total net assets or fund balancesStart of year $59,292$77,498
X-33 Total liabilities and net assetsStart of year $63,049$84,353
Part XI · Reconciliation of net assets $77,498 net assets at year end
XI-1 Total revenue$432,296
XI-2 Total expenses$412,793
XI-3 Revenue less expenses$19,503
XI-4 Net assets at start of year$59,292
XI-9 Other changes in net assets−$1,297
XI-10 Net assets at end of year$77,498

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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