Civic Intelligence

Reading Symphony Orchestra Association

990 • Fiscal year 2012 • EIN 23-1741046

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 25, 2013

147 N Fifth Street19601
Siviq Scores

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

Liabilities / Assets

56th percentile

0.17x

Higher debt load relative to assets than 56% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

63rd percentile

4.8%

Faster asset growth than 63% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,586,854

Up $73,358 (+4.8%) from 2011

Net Assets

Up

$1,310,798

Up $68,987 (+5.6%) from 2011

Liabilities

Up

$276,056

Up $4,371 (+1.6%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,311,847

Up $7,012 (+0.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,513,496Liabilities 2011: $271,685Net Assets 2011: $1,241,8112011Assets 2012: $1,586,854Liabilities 2012: $276,056Net Assets 2012: $1,310,7982012Assets 2013: $1,638,146Liabilities 2013: $236,013Net Assets 2013: $1,402,1332013Assets 2014: $1,688,907Liabilities 2014: $206,761Net Assets 2014: $1,482,1462014Assets 2015: $1,637,506Liabilities 2015: $177,963Net Assets 2015: $1,459,5432015Assets 2016: $1,651,120Liabilities 2016: $166,373Net Assets 2016: $1,484,7472016Assets 2017: $1,772,722Liabilities 2017: $287,554Net Assets 2017: $1,485,1682017Assets 2018: $1,744,531Liabilities 2018: $196,166Net Assets 2018: $1,548,3652018Assets 2019: $1,936,663Liabilities 2019: $264,594Net Assets 2019: $1,672,0692019Assets 2020: $1,856,738Liabilities 2020: $197,390Net Assets 2020: $1,659,3482020Assets 2021: $2,225,635Liabilities 2021: $235,121Net Assets 2021: $1,990,5142021Assets 2022: $2,131,744Liabilities 2022: $256,117Net Assets 2022: $1,875,6272022Assets 2023: $2,130,946Liabilities 2023: $420,351Net Assets 2023: $1,710,5952023Assets 2024: $2,085,564Liabilities 2024: $406,925Net Assets 2024: $1,678,6392024

Highlighted filing

2012

Assets$1,586,854
Liabilities$276,056
Net Assets$1,310,798

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,290,690Expenses 2011: $1,304,835Net Income 2011: -$14,1452011Expenses 2012: $1,311,8472012Expenses 2013: $1,223,9302013Revenue 2014: $1,190,897Expenses 2014: $1,239,030Net Income 2014: -$48,1332014Revenue 2015: $1,205,408Expenses 2015: $1,203,917Net Income 2015: $1,4912015Revenue 2016: $1,239,893Expenses 2016: $1,252,842Net Income 2016: -$12,9492016Revenue 2017: $1,249,176Expenses 2017: $1,338,914Net Income 2017: -$89,7382017Revenue 2018: $1,171,693Expenses 2018: $1,152,581Net Income 2018: $19,1122018Revenue 2019: $1,753,164Expenses 2019: $1,463,992Net Income 2019: $289,1722019Revenue 2020: $1,256,996Expenses 2020: $1,272,071Net Income 2020: -$15,0752020Revenue 2021: $1,045,145Expenses 2021: $937,538Net Income 2021: $107,6072021Revenue 2022: $1,809,021Expenses 2022: $1,624,416Net Income 2022: $184,6052022Revenue 2023: $1,247,835Expenses 2023: $1,454,708Net Income 2023: -$206,8732023Revenue 2024: $1,625,865Expenses 2024: $1,707,984Net Income 2024: -$82,1192024

Highlighted filing

2012

Revenue-
Expenses$1,311,847
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 25, 2013
Return Version
2011v1.2
Gross Receipts
$1,450,064
Mission and Program Overview

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.

Major Activities

Activity 2
Orchestra education:orchestra education extends to school-day concerts for thousands of local students annually. Music in the making gives an opportunity to nearly 100 seniors and young families the opportunity to watch the orchestra in their final rehearsal for a concert, if the price of a ticket is out of reach. See continuation on schedule o.the reading symphony 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. This program (the orchestra zone) is aimed to grow throughout the reading school district over the next six years. The reading symphony youth orchestras perform at least twice on their own each season, and perform on the stage during the full symphony subscription concerts three times per year. The reading symphony also performs a series of two nutcrackers, promoting dance education and youth engagement in the arts in collaboration with the berks ballet theater. Also, the rso presented a kinderkonzert at a discounted price to build accessability and promote music appreciation among youths of berks county.
Filing and Contact Details

Filer

EIN
23-1741046
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IRS990/Activity2/Description0ORCHESTRA EDUCATION:ORCHESTRA EDUCATION EXTENDS TO SCHOOL-DAY CONCERTS FOR THOUSANDS OF LOCAL STUDENTS ANNUALLY. MUSIC IN THE MAKING GIVES AN OPPORTUNITY TO NEARLY 100 SENIORS AND YOUNG FAMILIES THE OPPORTUNITY TO WATCH THE ORCHESTRA IN THEIR FINAL REHEARSAL FOR A CONCERT, IF THE PRICE OF A TICKET IS OUT OF REACH. SEE CONTINUATION ON SCHEDULE O.THE READING SYMPHONY 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. THIS PROGRAM (THE ORCHESTRA ZONE) IS AIMED TO GROW THROUGHOUT THE READING SCHOOL DISTRICT OVER THE NEXT SIX YEARS. THE READING SYMPHONY YOUTH ORCHESTRAS PERFORM AT LEAST TWICE ON THEIR OWN EACH SEASON, AND PERFORM ON THE STAGE DURING THE FULL SYMPHONY SUBSCRIPTION CONCERTS THREE TIMES PER YEAR. THE READING SYMPHONY ALSO PERFORMS A SERIES OF TWO NUTCRACKERS, PROMOTING DANCE EDUCATION AND YOUTH ENGAGEMENT IN THE ARTS IN COLLABORATION WITH THE BERKS BALLET THEATER. ALSO, THE RSO PRESENTED A KINDERKONZERT AT A DISCOUNTED PRICE TO BUILD ACCESSABILITY AND PROMOTE MUSIC APPRECIATION AMONG YOUTHS OF BERKS COUNTY.
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IRS990/ActivityOrMissionDescription0TO PROVIDE AND PROMOTE HIGH-QUALITY, LIVE, SYMPHONIC AND CLASSICAL MUSIC TO THE GREATER BERKS COUNTY REGION. WE ACHIEVE OUR MISSION THROUGH PERFORMANCE, OUTREACH AND EDUCATION PROGRAMS.
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IRS990/Description0ORCHESTRA PERFORMANCES:THE READING SYMPHONY ORCHESTRA IS ONE OF THE OLDEST, CONTINUOUSLY OPERATING ORCHESTRAS IN THE UNITED STATES. DURING ITS DEVELOPMENT, 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.THE RSO HAS GROWN FROM PLAYING FOUR OR FIVE SUNDAY AFTERNOON CONCERTS A YEAR IN THE RAJAH THEATER (NOW THE SOVEREIGN PERFORMING ARTS CENTER THAT SEATS 1,700) TO PERFORMING SIX SATURDAY EVENING SUBSCRIPTION CONCERTS THERE. IN ADDITION, EACH SEASON THERE ARE SPECIAL EVENTS (NOT PART OF A SEASON SUBSCRIPTION) INCLUDING A NEW YEARS EVE AND POPS CONCERT AND SEVERAL FREE CONCERTS FOR THE GREATER BERKS COUNTY AREA. OVER 36,000 PEOPLE FROM ALL WALKS OF LIFE ATTENDED PERFORMANCES BY THE ORCHESTRA DURING THE YEAR.
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IRS990/FundraisingActivities01
IRS990/FundraisingDirectExpenses034569
IRS990/FundraisingEvents031443
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Securities03653
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Securities03653
IRS990/GrossIncomeFundraisingEvents060390
IRS990/GrossReceipts01450064
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/Insurance/ManagementAndGeneral07660
IRS990/Insurance/ProgramServices05873
IRS990/Insurance/Total013533
IRS990/InvestmentIncomeCurrentYear019736
IRS990/InvestmentIncome/ExclusionAmount016083
IRS990/InvestmentIncomePriorYear056704
IRS990/InvestmentIncome/TotalRevenueColumn016083
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY0390711
IRS990/InvestmentsOtherSecurities/EOY0378125
IRS990/InvestmentsPubTradedSecurities/BOY0648373
IRS990/InvestmentsPubTradedSecurities/EOY0727031
IRS990/LandBldgEquipmentAccumDeprec070688
IRS990/LandBuildingsEquipmentBasis074834
IRS990/LandBuildingsEquipmentBasisNet/BOY08214
IRS990/LandBuildingsEquipmentBasisNet/EOY04146
IRS990/LessCostOthBasisSalesExpenses/Securities00
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO PROVIDE AND PROMOTE HIGH QUALITY, LIVE SYMPHONIC AND CLASSICAL MUSIC TO THE GREATER BERKS COUNTY REGION.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0JOSEPH TACKETT
IRS990/NbrIndependentVotingMembers028
IRS990/NbrVotingGoverningBodyMembers028
IRS990/NbrVotingMembersGoverningBody028
IRS990/NetAssetsOrFundBalancesBOY01241811
IRS990/NetAssetsOrFundBalancesEOY01310798
IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome03653
IRS990/NetGainOrLossInvestments/TotalRevenueColumn03653
IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount025821
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn025821
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096024
IRS990/NumberIndependentVotingMembers028
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees0155
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral015000
IRS990/Occupancy/ProgramServices026800
IRS990/Occupancy/Total041800
IRS990/OfficeExpenses/Fundraising08357
IRS990/OfficeExpenses/ManagementAndGeneral012623
IRS990/OfficeExpenses/ProgramServices0700
IRS990/OfficeExpenses/Total021680
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherEmployeeBenefits/Fundraising09394
IRS990/OtherEmployeeBenefits/ManagementAndGeneral05544
IRS990/OtherEmployeeBenefits/ProgramServices025828
IRS990/OtherEmployeeBenefits/Total040766
IRS990/OtherExpensePriorYear0522793
IRS990/OtherExpensesCurrentYear0594897
IRS990/OtherExpenses/Description0PERFORMANCE COSTS
IRS990/OtherExpenses/Description1RENTALS & PRODUCTION CO
IRS990/OtherExpenses/Description2MISCELLANEOUS EXPENSES
IRS990/OtherExpenses/Description3CREDIT CARD FEES
IRS990/OtherExpenses/Fundraising0500
IRS990/OtherExpenses/ManagementAndGeneral012886
IRS990/OtherExpenses/ManagementAndGeneral110038
IRS990/OtherExpenses/ManagementAndGeneral247
IRS990/OtherExpenses/ProgramServices0263828
IRS990/OtherExpenses/ProgramServices199783
IRS990/OtherExpenses/ProgramServices29144
IRS990/OtherExpenses/ProgramServices39595
IRS990/OtherExpenses/Total0263828
IRS990/OtherExpenses/Total1112669
IRS990/OtherExpenses/Total219682
IRS990/OtherExpenses/Total39642
IRS990/OtherRevenueCurrentYear0107186
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/Description0OTHER INCOME
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome081365
IRS990/OtherRevenueMisc/TotalRevenueColumn081365
IRS990/OtherRevenuePriorYear063910

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.41$1.68$1.63$1.71$0.08
2023Summary only. Only limited summary data is available for this year.$2.13$0.42$1.71$1.25$1.45$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.26$1.88$1.81$1.62$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.24$1.99$1.05$0.94$0.11
2020Summary only. Only limited summary data is available for this year.$1.86$0.20$1.66$1.26$1.27$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.26$1.67$1.75$1.46$0.29
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.20$1.55$1.17$1.15$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.29$1.49$1.25$1.34$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.65$0.17$1.48$1.24$1.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.18$1.46$1.21$1.20$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.21$1.48$1.19$1.24$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.24$1.40$1.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.28$1.31$1.31
2011Summary only. Only limited summary data is available for this year.$1.51$0.27$1.24$1.29$1.30$0.01