Civic Intelligence

Reading Musical Foundation

990 • Fiscal year 2017 • EIN 23-1472487

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 27, 2017

P O Box 14835Reading, PA 19612

(610) 376-3395

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.20x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

17th percentile

$76,596

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

65th percentile

9.1%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

2.5%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$14,584,939

Up $1,220,429 (+9.1%) from 2016

Net Assets

Up

$14,380,190

Up $1,220,453 (+9.3%) from 2016

Liabilities

Down

$204,749

Down $24 (-0.0%) from 2016

Revenue

Up

$1,011,077

Up $24,464 (+2.5%) from 2016

Expenses

Up

$794,115

Up $13,198 (+1.7%) from 2016

Net Income

Up

$216,962

Up $11,266 (+5.5%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $9,506,043Liabilities 2010: $112,439Net Assets 2010: $9,393,6042010Assets 2011: $11,213,433Liabilities 2011: $101,300Net Assets 2011: $11,112,1332011Assets 2012: $11,024,386Liabilities 2012: $136,472Net Assets 2012: $10,887,9142012Assets 2013: $11,876,944Liabilities 2013: $120,815Net Assets 2013: $11,756,1292013Assets 2014: $13,804,264Liabilities 2014: $158,324Net Assets 2014: $13,645,9402014Assets 2015: $13,851,281Liabilities 2015: $173,628Net Assets 2015: $13,677,6532015Assets 2016: $13,364,510Liabilities 2016: $204,773Net Assets 2016: $13,159,7372016Assets 2017: $14,584,939Liabilities 2017: $204,749Net Assets 2017: $14,380,1902017Assets 2018: $15,463,965Liabilities 2018: $239,606Net Assets 2018: $15,224,3592018Assets 2019: $15,767,135Liabilities 2019: $228,887Net Assets 2019: $15,538,2482019Assets 2020: $16,252,909Liabilities 2020: $306,721Net Assets 2020: $15,946,1882020Assets 2021: $20,635,939Liabilities 2021: $313,297Net Assets 2021: $20,322,6422021Assets 2022: $17,638,151Liabilities 2022: $359,041Net Assets 2022: $17,279,1102022Assets 2023: $19,546,330Liabilities 2023: $403,590Net Assets 2023: $19,142,7402023Assets 2025: $23,631,866Liabilities 2025: $416,849Net Assets 2025: $23,215,0172025

Highlighted filing

2017

Assets$14,584,939
Liabilities$204,749
Net Assets$14,380,190

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $653,3342010Expenses 2011: $624,7962011Revenue 2012: $756,593Expenses 2012: $661,695Net Income 2012: $94,8982012Expenses 2013: $627,7432013Revenue 2014: $1,274,059Expenses 2014: $682,697Net Income 2014: $591,3622014Revenue 2015: $1,255,395Expenses 2015: $755,400Net Income 2015: $499,9952015Revenue 2016: $986,613Expenses 2016: $780,917Net Income 2016: $205,6962016Revenue 2017: $1,011,077Expenses 2017: $794,115Net Income 2017: $216,9622017Revenue 2018: $1,292,808Expenses 2018: $827,284Net Income 2018: $465,5242018Revenue 2019: $1,265,325Expenses 2019: $977,701Net Income 2019: $287,6242019Revenue 2020: $1,406,641Expenses 2020: $1,050,205Net Income 2020: $356,4362020Revenue 2021: $1,474,447Expenses 2021: $764,826Net Income 2021: $709,6212021Revenue 2022: $3,531,006Expenses 2022: $939,991Net Income 2022: $2,591,0152022Revenue 2023: $1,734,772Expenses 2023: $1,083,790Net Income 2023: $650,9822023Revenue 2025: $1,519,550Expenses 2025: $1,133,643Net Income 2025: $385,9072025

Highlighted filing

2017

Revenue$1,011,077
Expenses$794,115
Net Income$216,962
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 27, 2017
Return Version
2016v3.0
Gross Receipts
$1,236,319
Mission and Program Overview

Mission

To advance and advocate for music education and appreciation in berks county.

Supporting music education, advocacy and music performance throughout greater reading

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,304,806$10,380,529▲ $1,075,723
Cash and Non-Interest-Bearing Accounts$151,608$125,854▼ $25,754
Pledges and Grants Receivable$109,745$71,485▼ $38,260
Savings and Temporary Cash Investments$37,921$49,474▲ $11,553
Land, Buildings, and Equipment, Net$13,432$9,489▼ $3,943
Prepaid Expenses and Deferred Charges$0$2,041▲ $2,041
Accounts Receivable$5,479$300▼ $5,179
Total Assets$13,364,510$14,584,939▲ $1,220,429
Other Assets Total$3,741,519$3,945,767▲ $204,248
Liabilities
Grants Payable$192,967$188,723▼ $4,244
Accounts Payable and Accrued Expenses$11,806$16,026▲ $4,220
Total Liabilities$204,773$204,749▼ $24
Net Assets / Fund Balance
Unrestricted Net Assets$6,535,995$7,098,928▲ $562,933
Permanently Rstr Net Assets$3,888,915$4,101,513▲ $212,598
Temporarily Rstr Net Assets$2,734,827$3,179,749▲ $444,922
Total Net Assets Fund Balance$13,159,737$14,380,190▲ $1,220,453
Total Liabilities and Net Assets / Fund Balance$13,364,510$14,584,939▲ $1,220,429

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,489$24,433$33,922
Other Assets Org$15,200--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,720,129$137,301▲ $431,510-$3,125,191
2015$2,764,041$141,567▼ $3,476-$2,720,129
2014$2,695,192$112,914▲ $111,176-$2,764,041
2013$2,296,022$83,648▲ $441,184-$2,695,192
2012$2,048,563$79,188▲ $289,731-$2,296,022
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keri M ShultzPresidentFT$73,913$2,683$76,596

Board Members and Trustees

NameTitle
David SwartzChair
Craig HaferVice-chair of Development
Kevin E LongeneckerVice-chair of Finance
David L KlineVice-chair of Programs
Benjamin WattsTrustee
Carl FioriniTrustee
Dorothy HartmanTrustee
Dr Frank KumorTrustee
Ellen GallagherTrustee
Eric MoyerTrustee
Heather AdamsTrustee
John TripolitisTrustee
Kim WebsterTrustee
Mark a HornbergerTrustee
Martha AynardiTrustee
Michael D AndersonTrustee
Paul G OxholmTrustee
Randy ShaylerTrustee
Lewis FreemanAssistant Treasurer
Sandy KernSecretary
Jayne SchaefferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$536,690
Program Service Revenue
$12,520
Investment Income
$457,107
Other Revenue
$4,760
All Other Contributions
$526,136
Change in Net Assets
$216,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,011,077
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,004,875
Total Revenue per Audited Statements
$2,015,952
Total Revenue per Form 990
$1,011,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$494,944
Salaries, Compensation, and Employee Benefits$163,777
Other Expenses$135,394
Total Fundraising Expense$41,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$331,742--$331,742
Grants to Domestic Individuals$163,202--$163,202
Current Officers, Directors, Trustees, and Key Employees$52,588$20,752$8,059$81,399
Other Salaries and Wages$42,196$21,098$7,033$70,327
Office Expenses$35,706$5,585$9,502$50,793
Fees for Service Investment Mgmnt Fees$8,925$16,945-$25,870
Fees for Services Accounting$8,490$5,660-$14,150
Advertising$10,764-$2,849$13,613
Occupancy$8,670$1,858$1,858$12,386
Payroll Taxes$6,628$4,519$904$12,051
Depreciation Depletion$3,943--$3,943
Information Technology$1,562$520$520$2,602
Other Expenses$1,276$0$0$1,276
Total Functional Expenses$675,692$76,937$41,486$794,115

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$795,499
Expenses per Audited Statements$794,115
Total Expenses per Form 990$794,115
Expenses Not Reported on Form 990$1,384
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reading Symphony OrchestraReading, PA501(c)(3)Unrestricted Grant for Concert and Outreach Expenses$113,582
Olivet Boys & Girls ClubReading, PA501(c)(3)Unrestricted Grant for After School Music Programs$23,000
Reading Choral SocietyReading, PA501(c)(3)Unrestricted Grant for Concert and Outreach Expenses$17,500
Berks Youth ChorusReading, PA501(c)(3)Unrestricted Concert/outreach Expenses$12,500
Ringgold BandLaureldale, PA501(c)(3)Unrestricted Grant for Concert and Outreach Expenses$11,000
Berks Art CouncilReading, PA501(c)(3)Restricted Grant for Jazz Fest Education and Get Jazzed$10,000
Reading Pops OrchestraReading, PA501(c)(3)Unrestricted Grant for Concert and Outreach Expenses$9,000
Friends of Chamber MusicReading, PA501(c)(3)Unrestricted Grant to Fund Concert Perfomers,education Programs and Administrative Costs$7,700
Berks Opera WorkshopReading, PA501(c)(3)Unrestricted Grant for Concert and Outreach Expenses$6,000
Goggleworks Center for the ArtsReading, PA501(c)(3)Unrestricted Grant for Music Programs$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The tax preparer submits a draft copy for review to the vice chair of finance, president of the organization and other trustees appointed by the board to review the 990. Once these appointed persons are satisfied with the tax return, it is made available to the entire board of trustees. Failing any changes made by the trustees, the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The president annually monitors and reviews with chairperson for any potential conflicts.

Form 990, Part VI, Section B, Line 15A

The compensation of the executive director is based on salaries of other non-profit executives of a similar size in the reading/berks area; the level of experience and training; percentage of annual income & operating budget; additional benefits provided indluding health benefits and retirement.

Form 990, Part VI, Section C, Line 18

Financial statements, governing documents and conflict of interest policy are made available upon request.

Form 990, Part VI, Section C, Line 19

Form 990 is made available upon request or is open for public review at guidestar.org

Filing and Contact Details

Filer

Filer Name
Reading Musical Foundation
EIN
23-1472487
Phone
6103763395
Address
P O BOX 14835, READING, PA 19612

Signing Officer

Name
Jayne R Schaeffer
Title
Treasurer
Phone
6103763395
Signed
2017-11-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jayne R Schaeffer
Formed
1927
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
25

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD PO BOX 7008, WYOMISSING, PA 19610-6008
Preparer
Alan B Carman
Phone
6103761595
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1C

The organization did not have any instances where backup whithholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.

FORM 990, PART XI, LINE 9:

Unrealized gain on perpetual trusts 212,598.

Form 990, Part XII, Line 2C

There has been no change in how the audit committee assumes responsibility for oversight of the audit, of its financial statement, or in the selection of the independent accountant.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowment funds is to provide a variety of specific music related scholarships to students in berks county, provide general operating support for the foundation and support the reading symphony orchestra.

PART X, LINE 2:

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying statement of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The foundation files tax returns in the u. S. Federal jurisdiction. The foundation's income tax returns are not subject to examination through the year ended june 30, 2013.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Unrealized gain from perpetual trust 212,598.

Raw XML AppendixShowing 400 of 740 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011806
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016026
IRS990/AccountsReceivableGrp/BOYAmt05479
IRS990/AccountsReceivableGrp/EOYAmt0300
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORTING MUSIC EDUCATION, ADVOCACY AND MUSIC PERFORMANCE THROUGHOUT GREATER READING
IRS990/AdvertisingGrp/FundraisingAmt02849
IRS990/AdvertisingGrp/ProgramServicesAmt010764
IRS990/AdvertisingGrp/TotalAmt013613
IRS990/AllOtherContributionsAmt0526136
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06103763395
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 WASHINGTON STREET SUITE 503
IRS990/BooksInCareOfDetail/USAddress/CityNm0READING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019601
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0151608
IRS990/CashNonInterestBearingGrp/EOYAmt0125854
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt08059
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt020752
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt052588
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt081399
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0536690
IRS990/CYGrantsAndSimilarPaidAmt0494944
IRS990/CYInvestmentIncomeAmt0457107
IRS990/CYOtherExpensesAmt0135394
IRS990/CYOtherRevenueAmt04760
IRS990/CYProgramServiceRevenueAmt012520
IRS990/CYRevenuesLessExpensesAmt0216962
IRS990/CYSalariesCompEmpBnftPaidAmt0163777
IRS990/CYTotalExpensesAmt0794115
IRS990/CYTotalFundraisingExpenseAmt041486
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01011077
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03943
IRS990/DepreciationDepletionGrp/TotalAmt03943
IRS990/Desc0STUDENT SCHOLARSHIPS- THE SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE FOR COMMITTED BERKS COUNTY MUSIC STUDENTS WHO AUDITION ON MERIT OR DEMONSTRATE A FINANCIAL NEED. MERIT SCHOLARSHIPS INCLUDE THE AREAS OF PIANO & ORGAN, WOODWIND, BRASS & PERCUSSION, STRING & HARP, VOCAL AND COLLEGE TUITION. FINANCIAL NEED SCHOLARSHIPS INCLUDE SUMMER CAMP, PRIVATE MUSIC STUDY AND INSTRUMENT UPGRADE REQUESTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0170226
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05660
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt08490
IRS990/FeesForServicesAccountingGrp/TotalAmt014150
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt016945
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt08925
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt025870
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt212683
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID SWARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN E LONGENECKER
IRS990/Form990PartVIISectionAGrp/PersonNm2CRAIG HAFER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID L KLINE
IRS990/Form990PartVIISectionAGrp/PersonNm4JAYNE SCHAEFFER
IRS990/Form990PartVIISectionAGrp/PersonNm5LEWIS FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6SANDY KERN
IRS990/Form990PartVIISectionAGrp/PersonNm7MARTHA AYNARDI
IRS990/Form990PartVIISectionAGrp/PersonNm8HEATHER ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm9MARK A HORNBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL D ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11CARL FIORINI
IRS990/Form990PartVIISectionAGrp/PersonNm12ELLEN GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm13DOROTHY HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DR FRANK KUMOR
IRS990/Form990PartVIISectionAGrp/PersonNm15PAUL G OXHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm16BENJAMIN WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm17RANDY SHAYLER
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN TRIPOLITIS
IRS990/Form990PartVIISectionAGrp/PersonNm19KIM WEBSTER
IRS990/Form990PartVIISectionAGrp/PersonNm20ERIC MOYER
IRS990/Form990PartVIISectionAGrp/PersonNm21KERI M SHULTZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2173913
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR OF PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01927
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0166106
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt010554
IRS990/GrantAmt0163202
IRS990/GrantsPayableGrp/BOYAmt0192967
IRS990/GrantsPayableGrp/EOYAmt0188723
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0163202
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0163202
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0331742
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0331742
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0391348
IRS990/GrossReceiptsAmt01236319
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0520
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0520
IRS990/InformationTechnologyGrp/ProgramServicesAmt01562
IRS990/InformationTechnologyGrp/TotalAmt02602
IRS990/InvestmentIncomeGrp/ExclusionAmt0291001
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0291001
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09304806
IRS990/InvestmentsPubTradedSecGrp/EOYAmt010380529
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024433
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013432
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09489
IRS990/LandBldgEquipCostOrOtherBssAmt033922
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0225242
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVOCATE FOR AND ADVANCE MUSIC APPRECIATION AND MUSIC EDUCATION IN BERKS COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013159737
IRS990/NetAssetsOrFundBalancesEOYAmt014380190
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0166106
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0166106
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0790893
IRS990/NoncashContributionsAmt06100
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01858
IRS990/OccupancyGrp/ManagementAndGeneralAmt01858
IRS990/OccupancyGrp/ProgramServicesAmt08670
IRS990/OccupancyGrp/TotalAmt012386
IRS990/OfficeExpensesGrp/FundraisingAmt09502
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05585
IRS990/OfficeExpensesGrp/ProgramServicesAmt035706
IRS990/OfficeExpensesGrp/TotalAmt050793
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03741519
IRS990/OtherAssetsTotalGrp/EOYAmt03945767
IRS990/OtherChangesInNetAssetsAmt0212598
IRS990/OtherExpensesGrp/Desc0CAMPAIGN EXPENSE
IRS990/OtherExpensesGrp/Desc1MUSIC ADVOCACY
IRS990/OtherExpensesGrp/FundraisingAmt010761
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt11276
IRS990/OtherExpensesGrp/TotalAmt010761
IRS990/OtherExpensesGrp/TotalAmt11276
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04760
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04760
IRS990/OtherRevenueTotalAmt04760
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07033
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021098
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042196
IRS990/OtherSalariesAndWagesGrp/TotalAmt070327
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0904
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04519
IRS990/PayrollTaxesGrp/ProgramServicesAmt06628
IRS990/PayrollTaxesGrp/TotalAmt012051
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03888915
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04101513
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0109745
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt071485
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02041
IRS990/PrincipalOfficerNm0JAYNE R SCHAEFFER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0MUSIC IN SCHOOLS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012520
IRS990/ProgSrvcAccomActy2Grp/Desc0APPROPRIATIONS TO MUSIC PRESENTERS AND SPECIAL PROJECTS - GRANTS ARE PROVIDED FOR CULTURAL DEVELOPMENT TO MUSIC PRESENTING ORGANIZATIONS THAT PERFORM PRIMARILY IN BERKS COUNTY. FUNDING SUPPORT WAS PROVIDED TO 26 MUSICAL ORGANIZATIONS AND PROGRAMS. GRANTS AWARDED BASED UPON THE ORGANIZATION/PROGRAM'S ABILITY TO RELATE TO THE MISSION OF THE READING MUSICAL FOUNDATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0407507
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0242146
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0MUSIC OUTREACH - MUSIC OUTREACH PROGRAMS SHARE THE MUSICAL EXPERIENCE WITH MEMBERS OF THE COMMUNITY WHO MAY NOT BE ABLE TO PAY FOR OR APPRECIATE WHY IT IS WORTH PAYING FOR. PROGRAMS INCLUDE OPERATION REPLAY (INSTRUMENT RECYCLING), MUSIC IN THE SCHOOLS, AFTER-SCHOOL INSTRUCTIONAL PROGRAMS, WORKSHOPS AND MASTER CLASSES. RMF DONATED 450 HOURS OF AFTER-SCHOOL PROGRAMMING FROM SEPTEMBER 2015-MAY 2016, AS WELL AS 350 HOURS OF IN-SCHOOL INSTRUCTION AT AREA PAROCHIAL SCHOOLS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt097959
IRS990/ProgSrvcAccomActy3Grp/GrantAmt089596
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt012520
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0556830
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0512856
IRS990/PYInvestmentIncomeAmt0414458
IRS990/PYOtherExpensesAmt0119526
IRS990/PYOtherRevenueAmt04835
IRS990/PYProgramServiceRevenueAmt010490
IRS990/PYRevenuesLessExpensesAmt0205696
IRS990/PYSalariesCompEmpBnftPaidAmt0148535
IRS990/PYTotalExpensesAmt0780917
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0986613
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0216962
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037921
IRS990/SavingsAndTempCashInvstGrp/EOYAmt049474
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt034879

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$0.42$23.2$1.52$1.13$0.39
2023Summary only. Only limited summary data is available for this year.$19.5$0.40$19.1$1.73$1.08$0.65
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$0.36$17.3$3.53$0.94$2.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.31$20.3$1.47$0.76$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$0.31$15.9$1.41$1.05$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$0.23$15.5$1.27$0.98$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.24$15.2$1.29$0.83$0.47
2017Detailed filing. Detailed filing data is available for this year.$14.6$0.20$14.4$1.01$0.79$0.22
2016Detailed filing. Detailed filing data is available for this year.$13.4$0.20$13.2$0.99$0.78$0.21
2015Detailed filing. Detailed filing data is available for this year.$13.9$0.17$13.7$1.26$0.76$0.50
2014Detailed filing. Detailed filing data is available for this year.$13.8$0.16$13.6$1.27$0.68$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$0.12$11.8$0.63
2012Summary only. Only limited summary data is available for this year.$11.0$0.14$10.9$0.76$0.66$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.10$11.1$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$0.11$9.39$0.65