Civic Intelligence

Reading Public Museum Endowment Trust

990 • Fiscal year 2012 • EIN 23-7689681

Jan 01, 2012 to Dec 31, 2012 • Filed on May 20, 2013

Organization ProfileN/A
500 Museum Rd19611
Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $5M-$10M 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

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$6,475,596

Up $178,705 (+2.8%) from 2011

Net Assets

Up

$6,475,596

Up $178,705 (+2.8%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$330,819

Down $9,653 (-2.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$10M$5.0M$0Assets 2011: $6,296,891Liabilities 2011: $0Net Assets 2011: $6,296,8912011Assets 2012: $6,475,596Liabilities 2012: $0Net Assets 2012: $6,475,5962012Assets 2013: $6,772,291Liabilities 2013: $0Net Assets 2013: $6,772,2912013Assets 2014: $6,922,491Liabilities 2014: $0Net Assets 2014: $6,922,4912014Assets 2015: $6,448,942Liabilities 2015: $0Net Assets 2015: $6,448,9422015Assets 2016: $6,598,553Liabilities 2016: $0Net Assets 2016: $6,598,5532016Assets 2017: $7,118,638Liabilities 2017: $0Net Assets 2017: $7,118,6382017Assets 2018: $6,323,274Liabilities 2018: $0Net Assets 2018: $6,323,2742018Assets 2019: $7,219,182Liabilities 2019: $0Net Assets 2019: $7,219,1822019Assets 2020: $7,657,205Liabilities 2020: $0Net Assets 2020: $7,657,2052020Assets 2021: $8,474,610Liabilities 2021: $0Net Assets 2021: $8,474,6102021Assets 2022: $7,067,087Liabilities 2022: $0Net Assets 2022: $7,067,0872022Assets 2023: $7,332,581Liabilities 2023: $0Net Assets 2023: $7,332,5812023Assets 2024: $7,586,131Liabilities 2024: $0Net Assets 2024: $7,586,1312024

Highlighted filing

2012

Assets$6,475,596
Liabilities$0
Net Assets$6,475,596
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2011: $340,4722011Expenses 2012: $330,8192012Revenue 2013: $162,180Expenses 2013: $357,539Net Income 2013: -$195,3592013Revenue 2014: $217,307Expenses 2014: $356,418Net Income 2014: -$139,1112014Revenue 2015: $212,538Expenses 2015: $345,312Net Income 2015: -$132,7742015Revenue 2016: $191,648Expenses 2016: $331,410Net Income 2016: -$139,7622016Revenue 2017: $177,836Expenses 2017: $334,599Net Income 2017: -$156,7632017Revenue 2018: $364,103Expenses 2018: $334,298Net Income 2018: $29,8052018Revenue 2019: $174,216Expenses 2019: $375,928Net Income 2019: -$201,7122019Revenue 2020: $63,448Expenses 2020: $380,942Net Income 2020: -$317,4942020Revenue 2021: $634,440Expenses 2021: $387,924Net Income 2021: $246,5162021Revenue 2022: $152,665Expenses 2022: $396,870Net Income 2022: -$244,2052022Revenue 2023: $540,966Expenses 2023: $412,083Net Income 2023: $128,8832023Revenue 2024: $477,145Expenses 2024: $420,542Net Income 2024: $56,6032024

Highlighted filing

2012

Revenue-
Expenses$330,819
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 20, 2013
Return Version
2012v2.1
Gross Receipts
$6,327,294
Mission and Program Overview

Mission

To establish, manage, and pay out income from an endowment fund for long term financial stability and support for the reading public museum and related grounds and building.

Filing and Contact Details

Filer

EIN
23-7689681
Raw XML Appendix367 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.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0ENDOWMENT FUNDS ARE USED TO FULFILL THE ENDOWMENT TRUST MISSION - FOR LONG TERM FINANCIAL STABILITY AND SUPPORT FOR THE READING PUBLIC MUSEUM AND RELATED GROUNDS AND BUILDING.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1AS A NOT-FOR-PROFIT ORGANIZATION, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS CONSOLIDATED STATEMENT OF ACTIVITIES. AT DECEMBER 31, 2012 AND 2011, THERE WAS NO ACCRUAL FOR THE PAYMENT OF PENALTIES AND INTEREST. 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 CONSOLIDATED 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 CONSOLIDATED STATEMENT OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE ORGANIZATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE ORGANIZATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2008.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0FOUNDATION FOR THE READING PUBLIC MUSEUM HAS PRACTICES AND PROCEDURES IN PLACE TO MONITOR ALL GRANTS. THIS ORGANIZATION IS AN ENDOWMENT FUND FOR THE READING PUBLIC MUSEUM, AND ALL FUNDS ARE USED FOR THE GENERAL PURPOSE OF OPERATING THE MUSEUM.
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IRS990ScheduleO/GeneralExplanation/Explanation1THE THIRD AMENDMENT TO THE ORGANIZATION'S GOVERNANCE, SUPPORT, MANAGEMENT AND OPERATING AGREEMENT ENABLING THE COMPLETE RESTATEMENT OF THE READING PUBLIC MUSEUM'S ENDOWMENT TRUST AGREEMENT WAS SIGNED AUGUST 20, 2012 AND APPROVED BY THE ORPHANS' COURT DIVISION OF THE BERKS COUNTY, PENNSYLVANIA COURT OF COMMON PLEAS ON NOVEMBER 19, 2012.
IRS990ScheduleO/GeneralExplanation/Explanation2FOUNDATION FOR THE READING PUBLIC MUSEUM, AS THE TRUSTEE, IS RESPONSIBLE FOR THE PREPARATION AND FILING OF THE ANNUAL TAX RETURN. THE FOUNDATION FOR THE READING PUBLIC MUSEUM'S BOARD REVIEWS THE RETURN PRIOR TO FILING WITH THE TAXING AUTHORITIES.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FOUNDATION FOR THE READING PUBLIC MUSEUM HAS A CODE OF ETHICS POLICY, WHICH INCLUDES PROVISIONS RELATING TO A CONFLICT INTEREST. AS THE TRUSTEE FOR THE ENDOWMENT TRUST, THE CONFLICT OF INTEREST POLICIES SIGNED FOR THE FOUNDATION ALSO ENCOMPASS THE ENDOWMENT TRUST. EACH EMPLOYEE MUST SIGN AN ACKNOWLEDGMENT THAT THEY HAVE REVIEWED THE POLICY AND WILL ABIDE BY ITS PROVISION. THESE ACKNOWLEDGMENTS ARE TRACKED.
IRS990ScheduleO/GeneralExplanation/Explanation4CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. TRUST DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation5CHANGE IN ACCOUNTING METHOD - CASH TO ACCRUAL -305,470.
IRS990ScheduleO/GeneralExplanation/Explanation6THE READING PUBLIC MUSEUM ENDOWMENT TRUST CHANGED ITS METHOD OF ACCOUNTING FROM CASH TO ACCRUAL DUE TO THE FACT THAT THE FINANCIAL STATEMENT NOW CONSOLIDATES THE ENDOWMENT TRUST WITH THE FOUNDATION FOR THE READING PUBLIC MUSEUM WHICH HAS ALWAYS REPORTED ON AN ACCRUAL BASIS. THE NET CHANGE FROM THE CASH TO ACCRUAL ADJUSTMENT IS $305,470, AS REFLECTED, ON PART XI, LINE 9.
IRS990ScheduleO/GeneralExplanation/Explanation7THE ENDOWMENT TRUST'S FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS WITH THE FOUNDATION FOR THE READING PUBLIC MUSEUM. THE AUDIT COMMITTEE OF THE FOUNDATION ASSUMES RESPONSIBLITY FOR THE OVERSIGHT OF THE CONSOLIDATED AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTING FIRM.
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IRS990/TotalLiabilitiesEOY00
IRS990/TotalLiabNetAssetsFundBalances/BOY06296891
IRS990/TotalLiabNetAssetsFundBalances/EOY06475596
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers01
IRS990/TotalNetAssetsFundBalances/BOY06296891
IRS990/TotalNetAssetsFundBalances/EOY06475596
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0290124
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg040695
IRS990/TotalRevenueCurrentYear0814994
IRS990/TotalRevenue/ExclusionAmount0814994
IRS990/TotalRevenuePriorYear0252745
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0814994
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationTrust0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY06296891
IRS990/UnrestrictedNetAssets/EOY06475596
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01991
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0237689681
ReturnHeader/Filer/Name/BusinessNameLine10READING PUBLIC MUSEUM ENDOWMENT TRUST
ReturnHeader/Filer/NameControl0READ
ReturnHeader/Filer/Phone03367478186
ReturnHeader/Filer/USAddress/AddressLine10500 MUSEUM RD
ReturnHeader/Filer/USAddress/City0READING
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019611
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-20
ReturnHeader/Officer/Name0FDTN FOR THE READING PUBLIC MUSEUM
ReturnHeader/Officer/Phone06103715850
ReturnHeader/Officer/Title0TRUSTEE
ReturnHeader/PreparerFirm/EIN0232108173
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10REINSEL KUNTZ LESHER LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101330 BROADCASTING ROAD PO BOX 7008
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0WYOMISSING
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0PA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0196106008
ReturnHeader/Preparer/Name0ALAN B CARMAN
ReturnHeader/Preparer/Phone06103761595
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-23T12:19:18-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,475,596
Liabilities
$0
Net assets
$6,475,596
Revenue
-
Expenses
$330,819
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.59$0.00$7.59$0.48$0.42$0.06
2023Detailed filing. Detailed filing data is available for this year.$7.33$0.00$7.33$0.54$0.41$0.13
2022Detailed filing. Detailed filing data is available for this year.$7.07$0.00$7.07$0.15$0.40$0.24
2021Detailed filing. Detailed filing data is available for this year.$8.47$0.00$8.47$0.63$0.39$0.25
2020Detailed filing. Detailed filing data is available for this year.$7.66$0.00$7.66$0.06$0.38$0.32
2019Detailed filing. Detailed filing data is available for this year.$7.22$0.00$7.22$0.17$0.38$0.20
2018Detailed filing. Detailed filing data is available for this year.$6.32$0.00$6.32$0.36$0.33$0.03
2017Detailed filing. Detailed filing data is available for this year.$7.12$0.00$7.12$0.18$0.33$0.16
2016Detailed filing. Detailed filing data is available for this year.$6.60$0.00$6.60$0.19$0.33$0.14
2015Detailed filing. Detailed filing data is available for this year.$6.45$0.00$6.45$0.21$0.35$0.13
2014Detailed filing. Detailed filing data is available for this year.$6.92$0.00$6.92$0.22$0.36$0.14
2013Detailed filing. Detailed filing data is available for this year.$6.77$0.00$6.77$0.16$0.36$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.00$6.48$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$0.00$6.30$0.34