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← READING SYMPHONY ORCHESTRA ASSN

Form 990 for tax year 2022

Filed by READING SYMPHONY ORCHESTRA ASSN.

Totals

Total revenue
$1,247,835
Total expenses
$1,454,708
Contributions and grants received
$851,436
Grants paid
$0
Program service revenue
$343,344
Investment income
$53,089
Other revenue
-$34
Total assets, end of year
$2,130,946
Total liabilities, end of year
$420,351
Net assets or fund balances, end of year
$1,710,595
Program services expenses (Part IX)
$1,230,499
Management and general expenses
$143,315
Fundraising expenses
$80,894
Program service expenses (Part III)
$1,230,499

Program services were 84.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $49,553

  • 1e · Government grants (contributions)

    $13,054

  • 1f · All other contributions, gifts and grants

    $788,829

  • 2a · Program service revenue: ADMISSIONS AND EVENTS

    total $319,264 · related or exempt $319,264

  • 2b · Program service revenue: TUITION

    total $22,310 · related or exempt $22,310

  • 2c · Program service revenue: DUES - RSO LEAGUE

    total $1,770 · related or exempt $1,770

  • 3 · Investment income

    total $19,468 · excluded $19,468

  • 7a · Gross sales of assets other than inventory

    securities $30,008 · other assets $3,613

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $30,008 · other assets $3,613

  • 7d · Net gain or loss

    total $33,621 · excluded $33,621

  • 8a · Fundraising events: gross income

    $35,285

  • 8a · Fundraising events: contributions included on line 1c

    $49,553

  • 8b · Fundraising events: direct expenses

    $35,319

  • 8c · Net income from fundraising events

    total -$34 · excluded -$34

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,734 · program services $21,347 · management and general $32,020 · fundraising $53,367

  • 7 · Other salaries and wages

    total $564,990 · program services $551,930 · management and general $11,733 · fundraising $1,327

  • 9 · Other employee benefits

    total $36,780 · program services $30,409 · management and general $2,849 · fundraising $3,522

  • 10 · Payroll taxes

    total $58,434 · program services $51,258 · management and general $3,390 · fundraising $3,786

  • 11c · Fees: accounting

    total $14,021 · management and general $14,021

  • 11f · Fees: investment management

    total $16,905 · management and general $16,905

  • 11g · Fees: other

    total $78,407 · program services $74,867 · management and general $3,540

  • 12 · Advertising and promotion

    total $100,752 · program services $70,501 · management and general $14,139 · fundraising $16,112

  • 13 · Office expenses

    total $16,665 · program services $1,890 · management and general $11,995 · fundraising $2,780

  • 15 · Royalties

    total $5,045 · program services $5,045

  • 16 · Occupancy

    total $45,900 · program services $30,400 · management and general $15,500

  • 22 · Depreciation, depletion and amortization

    total $5,167 · program services $5,167

  • 23 · Insurance

    total $16,592 · program services $10,622 · management and general $5,970

  • 24a · Other expenses: PERFORMANCE COSTS

    total $229,053 · program services $229,053

  • 24b · Other expenses: RENTALS & PRODUCTION CO

    total $146,982 · program services $139,106 · management and general $7,876

  • 24c · Other expenses: CREDIT CARD FEES

    total $6,549 · program services $6,222 · management and general $327

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $5,732 · program services $2,682 · management and general $3,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,016 · end of year $43,051

  • 2 · Savings and temporary cash investments

    beginning of year $219,201 · end of year $518,571

  • 4 · Accounts receivable

    beginning of year $330,127 · end of year $34,007

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,093 · end of year $73,125

  • 10a · Land, buildings and equipment: cost or other basis

    $104,195

  • 10b · Land, buildings and equipment: accumulated depreciation

    $93,862

  • 10c · Land, buildings and equipment, net

    beginning of year $15,500 · end of year $10,333

  • 11 · Investments: publicly traded securities

    beginning of year $877,126 · end of year $905,638

  • 12 · Investments: other securities

    beginning of year $538,681 · end of year $440,391

  • 15 · Other assets

    beginning of year $0 · end of year $105,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,951 · end of year $25,172

  • 19 · Deferred revenue

    beginning of year $163,166 · end of year $285,871

  • 25 · Other liabilities

    beginning of year $0 · end of year $109,308

  • 27 · Net assets without donor restrictions

    beginning of year $934,280 · end of year $834,091

  • 28 · Net assets with donor restrictions

    beginning of year $941,347 · end of year $876,504

Mission and programs · 2022

Mission

TO PROVIDE AND PROMOTE HIGH-QUALITY SYMPHONIC MUSIC TO CITIZENS OF READING AND BERKS COUNTY. WE ACHIEVE OUR MISSION THROUGH: CLASSICAL SYMPHONY CONCERTS, POPS CONCERTS, CONCERTS FOR STUDENTS, YOUTH ORCHESTRAS AND EDUCATIONAL AND OUTREACH PROGRAMS.

Activities or mission (Part I)

TO PROVIDE AND PROMOTE HIGH-QUALITY SYMPHONIC MUSIC TO CITIZENS OF READING AND BERKS COUNTY

  • ORCHESTRA PERFORMANCES:THE READING SYMPHONY ORCHESTRA IS ONE OF THE OLDEST, CONTINUOUSLY OPERATING ORCHESTRAS IN THE UNITED STATES. THE ORCHESTRA HAS EVOLVED FROM AN ORGANIZATION WHOSE MISSION WAS LIMITED TO PERFORMING CLASSICAL MUSIC FOR PEOPLE IN THE READING AREA, TO ONE THAT HAS BECOME FULLY INTEGRATED INTO THE FABRIC OF THE COMMUNITY. SEE CONTINUATION ON SCHEDULE O.EACH SEASON THERE ARE NON-SUBSCRIPTION CONCERTS, INCLUDING A NEW YEARS EVE AND POPS CONCERT, A FREE CONCERT FOR THE GREATER BERKS COUNTY AREA, AND A 4TH OF JULY CONCERT. APPROXIMATELY 20,000 PEOPLE FROM ALL WALKS OF LIFE ATTENDED PERFORMANCES BY THE ORCHESTRA DURING THE YEAR.

    Expenses $1,076,494 · Revenue $321,034

  • ORCHESTRA EDUCATION:ORCHESTRA EDUCATION EXTENDS TO SCHOOL-DAY CONCERTS FOR THOUSANDS OF LOCAL STUDENTS. SEE CONTINUATION ON SCHEDULE O.THE READING SYMPHONY'S ORCHESTRA ZONE PROGRAM IS ALSO SEEKING TO IMPROVE THE SUCCESS OF THE MUSIC PROGRAM IN THE READING SCHOOL DISTRICT BY HELPING THEM TO RETAIN INSTRUMENTAL STUDENTS AS THEY LEAVE 5TH GRADE AND PROGRESS ON THROUGH HIGH SCHOOL. THE AIM IS TO GIVE THESE STUDENTS THE ADVANTAGES OF YEAR-ROUND PRIVATE MUSIC LESSONS, THUS AFFORDING THE ABILITY TO EXCEL NOT ONLY IN THEIR MUSIC STUDIES, BUT ALSO ACADEMIC PERFORMANCE ACROSS THE BOARD, NOT TO MENTION FOSTERING SELF-ESTEEM AND ACHIEVEMENT. THE READING SYMPHONY YOUTH ORCHESTRAS CONDUCTED AN EDUCATION PROGRAM WITH THE WILSON SCHOOL DISTRICT & READING SCHOOL DISTRICT FOR THIRD & FOURTH GRADE STUDENTS IN THE CURRENT YEAR. THERE WERE 3 PERFORMANCES FOR APPROXIMATELY 1000 STUDENTS EACH

    Expenses $154,005 · Revenue $22,310

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Duff Esq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Amy Kreider

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevin Deacosta

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Fred Opalinski

    SECRETARY THRU FEB 23

    Total calculated
    $0
    Hours/week
    2

  • Ryan Hurst

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Daniel Becker Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Bender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alexandra Booth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Piyali Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janet Faust

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Glynis Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Radene Gordon-Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Quality Quinn Grabias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Hannum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allyson McKechnie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Turie Sotzin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Strum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Valerio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J William Widing III Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Gross

    EXECUTIVE DIRECTOR

    Total calculated
    $106,734
    From this org
    $106,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Andrew Constantine

    MUSIC DIRECTOR

    Total calculated
    $118,603
    From this org
    $104,143
    From related orgs
    $0
    Other
    $14,460
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202410749349300511

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