Form 990 for tax year 2024

Filed by READING SYMPHONY ORCHESTRA ASSN.

Totals

Total revenue: $1,942,230
Total expenses: $1,664,860
Contributions and grants received: $1,019,550
Grants paid: $0
Program service revenue: $409,032
Investment income: $457,746
Other revenue: $55,902
Total assets, end of year: $1,972,706
Total liabilities, end of year: $360,301
Net assets or fund balances, end of year: $1,612,405
Program services expenses (Part IX): $1,280,903
Management and general expenses: $332,617
Fundraising expenses: $51,340
Program service expenses (Part III): $1,280,903

Program services were 76.9% 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

$40,370
1e · Government grants (contributions)

$125,579
1f · All other contributions, gifts and grants

$853,601
2a · Program service revenue: ADMISSIONS AND EVENTS

total $333,986 · related or exempt $333,986
2b · Program service revenue: OTHER PROGRAM INCOME

total $51,385 · related or exempt $51,385
2c · Program service revenue: TUITION

total $23,226 · related or exempt $23,226
2d · Program service revenue: DUES - RSO LEAGUE

total $435 · related or exempt $435
3 · Investment income

total $23,320 · excluded $23,320
7a · Gross sales of assets other than inventory

securities $434,426
7b · Less cost or other basis and sales expenses

securities $0
7c · Gain or loss

securities $434,426
7d · Net gain or loss

total $434,426 · excluded $434,426
8a · Fundraising events: gross income

$98,620
8a · Fundraising events: contributions included on line 1c

$40,370
8b · Fundraising events: direct expenses

$42,718
8c · Net income from fundraising events

total $55,902 · excluded $55,902

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $95,000 · program services $49,542 · management and general $45,458
7 · Other salaries and wages

total $553,202 · program services $553,202
9 · Other employee benefits

total $63,362 · program services $49,518 · management and general $11,418 · fundraising $2,426
10 · Payroll taxes

total $39,280 · program services $32,387 · management and general $4,713 · fundraising $2,180
11c · Fees: accounting

total $44,450 · management and general $44,450
11f · Fees: investment management

total $14,720 · management and general $14,720
11g · Fees: other

total $232,154 · program services $64,983 · management and general $128,227 · fundraising $38,944
12 · Advertising and promotion

total $115,661 · program services $86,463 · management and general $29,198
13 · Office expenses

total $14,869 · program services $4,898 · management and general $9,869 · fundraising $102
15 · Royalties

total $2,069 · program services $2,069
16 · Occupancy

total $52,097 · program services $36,597 · management and general $15,500
22 · Depreciation, depletion and amortization

total $5,166 · program services $5,166
23 · Insurance

total $14,479 · program services $9,108 · management and general $5,371
24a · Other expenses: PERFORMANCE COSTS

total $240,677 · program services $231,081 · management and general $9,596
24b · Other expenses: RENTALS & PRODUCTION CO

total $158,019 · program services $149,914 · management and general $8,105
24c · Other expenses: MISCELLANEOUS EXPENSES

total $14,270 · program services $4,916 · management and general $1,666 · fundraising $7,688
24d · Other expenses: CREDIT CARD FEES

total $5,385 · program services $1,059 · management and general $4,326

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $24,967 · end of year $12,348
2 · Savings and temporary cash investments

beginning of year $219,949 · end of year $367,351
3 · Pledges and grants receivable

beginning of year $252,820 · end of year $35,599
9 · Prepaid expenses and deferred charges

beginning of year $103,413 · end of year $1,658
10a · Land, buildings and equipment: cost or other basis

$179,774
10b · Land, buildings and equipment: accumulated depreciation

$104,195
10c · Land, buildings and equipment, net

beginning of year $5,166 · end of year $75,579
11 · Investments: publicly traded securities

beginning of year $964,586 · end of year $961,131
12 · Investments: other securities

beginning of year $427,980 · end of year $450,212
15 · Other assets

beginning of year $86,683 · end of year $68,828
17 · Accounts payable and accrued expenses

beginning of year $23,081 · end of year $28,298
19 · Deferred revenue

beginning of year $290,009 · end of year $252,484
25 · Other liabilities

beginning of year $93,835 · end of year $79,519
27 · Net assets without donor restrictions

beginning of year $817,727 · end of year $574,266
28 · Net assets with donor restrictions

beginning of year $860,912 · end of year $1,038,139

Mission and programs · 2024

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 ASSOCIATION PROVIDES UNINTERRUPTED ACCESS TO EXCEPTIONAL CLASSICAL MUSIC TO THE CITIZENS OF BERKS COUNTY AND BEYOND. SINCE 1913, THE RSO IS ONE OF THE NATION'S LONGEST CONTINUOUSLY OPERATING SYMPHONIES, THE ASSOCIATION HAS PERFORMED MASTERWORKS FROM BACH TO BEETHOVEN, AND MANY MORE, AND HAS BEEN JOINED BY ILLUSTRIOUS GUEST SOLOISTS. THE ORCHESTRA TYPICALLY PERFORMS SIX CONCERTS ANNUALLY ON ITS CLASSICS SERIES WITH ADDITIONAL POPS PERFORMANCES AND COLLABORATIONS WITH OTHER COMMUNITY PERFORMING ARTS ORGANIZATIONS.

Expenses $1,142,394 · Revenue $385,806
ORCHESTRA EDUCATION:ORCHESTRA EDUCATION EXTENDS TO SCHOOL-DAY CONCERTS FOR THOUSANDS OF LOCAL STUDENTS. WE CONDUCTED AN EDUCATION PROGRAM WITH LOCAL SCHOOL DISTRICTS INCLUDING WILSON, READING, OLEY VALLEY AND EXETER FOR THIRD & FOURTH GRADE STUDENTS. THERE WERE 2 PERFORMANCES FOR APPROXIMATELY 1,600 STUDENTS.SEE CONTINUATION ON SCHEDULE O.THE ASSOCIATION'S NUMEROUS EDUCATIONAL AND OUTREACH PROGRAMS CONTINUE TO BENEFIT THE COMMUNITY. AMONG OTHERS, THE READING SYMPHONY YOUTH ORCHESTRA AND JUNIOR STRINGS PROGRAM GIVES MORE THAN 100 TALENTED AREA MUSIC STUDENTS THE OPPORTUNITY TO PERFORM ADVANCED ORCHESTRAL REPERTOIRE WITH LIKE-MINDED PEERS UNDER THE GUIDANCE OF SKILLED ARTISTIC STAFF; THE ORCHESTRA ZONE PROGRAM PROVIDES FREE PRIVATE INSTRUMENTAL MUSIC LESSONS TO UNDERSERVED STUDENTS IN THE READING SCHOOL DISTRICT; ADVANCED MUSIC STUDENTS FROM HIGH SCHOOLS THROUGHOUT BERKS COUNTY ARE GIVEN THE OPPORTUNITY TO PERFORM IN PRE-CONCERT LOBBY PERFORMANCES PRIOR TO READING SYMPHONY ORCHESTRA CONCERTS.

Expenses $138,509 · Revenue $23,226

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Kevin DeacostaKEVIN DEACOSTA

PRESIDENT

Total calculated

$0

Hours/week

2
Glynis A Fitzgerald PhDGLYNIS A FITZGERALD PHD

VICE PRESIDENT

Total calculated

$0

Hours/week

2
Alexandra BoothALEXANDRA BOOTH

2ND VICE PRESIDENT

Total calculated

$0

Hours/week

2
Ryan HurstRYAN HURST

TREASURER

Total calculated

$0

Hours/week

2
J William Widing III EsqJ WILLIAM WIDING III ESQ

SECRETARY

Total calculated

$0

Hours/week

2
Daniel P Becker EsqDANIEL P BECKER ESQ

DIRECTOR

Total calculated

$0

Hours/week

2
William BenderWILLIAM BENDER

DIRECTOR

Total calculated

$0

Hours/week

2
Andrea BertoluzziANDREA BERTOLUZZI

DIRECTOR

Total calculated

$0

Hours/week

2
Charlie BockCHARLIE BOCK

DIRECTOR

Total calculated

$0

Hours/week

2
Janet FaustJANET FAUST

DIRECTOR

Total calculated

$0

Hours/week

2
Radene Gordon-BeckRADENE GORDON-BECK

DIRECTOR

Total calculated

$0

Hours/week

2
Peter JohnsonPETER JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

2
Kris KolassaKRIS KOLASSA

DIRECTOR

Total calculated

$0

Hours/week

2
Allyson McKechnieALLYSON MCKECHNIE

DIRECTOR

Total calculated

$0

Hours/week

2
Deanna ReubenDEANNA REUBEN

DIRECTOR

Total calculated

$0

Hours/week

2
Pamela RileyPAMELA RILEY

DIRECTOR

Total calculated

$0

Hours/week

2
Jonathan ValerioJONATHAN VALERIO

DIRECTOR

Total calculated

$0

Hours/week

2
Kevin WagnerKEVIN WAGNER

DIRECTOR

Total calculated

$0

Hours/week

2
David WhitehillDAVID WHITEHILL

EXECUTIVE DIRECTOR THRU FEB 2025

Total calculated

$95,000

From this org

$95,000

From related orgs

$0

Other

$0

Hours/week

40
Brent ChancellorBRENT CHANCELLOR

EXECUTIVE DIRECTOR AS OF FEB 2025

Total calculated

$0

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: 2024
Filed: 12 March 2026
IRS schema version: 2024v5.5
Source object: 202610719349301966

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