Civic Intelligence

Reading Public Museum Endowment Trust

990 • Fiscal year 2020 • EIN 23-7689681

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 28, 2021

Organization ProfileN/A
500 Museum RoadReading, PA 19611

(610) 371-5850

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

1st percentile

-500%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

50th percentile

6.1%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-64%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$7,657,205

Up $438,023 (+6.1%) from 2019

Net Assets

Up

$7,657,205

Up $438,023 (+6.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin1st percentile

Revenue

Down

$63,448

Down $110,768 (-64%) from 2019

Expenses

Up

$380,942

Up $5,014 (+1.3%) from 2019

Net Income

Down

-$317,494

Down $115,782 (-57%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2020

Assets$7,657,205
Liabilities$0
Net Assets$7,657,205
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

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

2020

Revenue$63,448
Expenses$380,942
Net Income-$317,494
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 28, 2021
Return Version
2020v4.1
Gross Receipts
$1,678,506
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.

To provide income from endowment fund for support for the reading public museum and related grounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,219,182$7,657,205▲ $438,023
Total Assets$7,219,182$7,657,205▲ $438,023
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,219,182$7,657,205▲ $438,023
Total Net Assets Fund Balance$7,219,182$7,657,205▲ $438,023
Total Liabilities and Net Assets / Fund Balance$7,219,182$7,657,205▲ $438,023

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,219,182-▲ $779,211-$7,657,205
2019$6,323,274-▲ $1,231,933-$7,219,182
2018$7,118,638-▼ $461,066-$6,323,274
2017$6,598,553-▲ $854,684-$7,118,638
2016$6,448,942-▲ $481,021-$6,598,553
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$63,448
Other Revenue
$0
Change in Net Assets
$-317,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,694
Revenue Not Reported on Financial Statements
$39,754
Revenue Not Reported on Form 990
$755,517
Total Revenue per Audited Statements
$779,211
Total Revenue per Form 990
$63,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$341,188
Other Expenses$39,754
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$341,188--$341,188
Fees for Service Investment Mgmnt Fees-$39,754-$39,754
Total Functional Expenses$341,188$39,754$0$380,942

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$380,942
Expenses per Audited Statements$341,188
Total Expenses per Audited Statements$341,188
Expenses Not Reported on Financial Statements$39,754
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for the Reading Public MuseumReading, PA501(c)(3)To Support the Reading Public Museum and Related Grounds and Buildings.$341,188
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is provided to all members of the board for their review and any questions are presented at the following board meeting. The finance committee reviews the 990 and its schedules prior to submission to the irs.”

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

“Each board member, officer and director is asked to affirm or reaffirm annually regarding conflict of interest.”

Form 990, Part VI, Section C, Line 19

“Foundation 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.”

Filing and Contact Details

Filer

Filer Name
Reading Public Museum Endowment Trust
EIN
23-7689681
Phone
6103715850
Address
500 MUSEUM ROAD, READING, PA 19611

Signing Officer

Name
Fdtn for the Reading Public Museum
Title
Trustee
Phone
6103715850
Signed
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fdtn for the Reading Publ
Formed
1991
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Linda S Himeback
Phone
6103781175
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Endowment 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.”

PART X, LINE 2:

“In accordance with generally accepted accounting principles, the organization accounts for uncertain tax positions relative to unrelated business income, if any, as required.”

Raw XML Appendix366 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
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IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06103715850
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 MUSEUM ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0READING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt0341188
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0144066
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07219182
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01615058
IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt07219182
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0755517
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/PYRevenuesLessExpensesAmt0-201712
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0375928
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IRS990/PYTotalRevenueAmt0174216
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-317494
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0341188
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT 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/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS RELATIVE TO UNRELATED BUSINESS INCOME, IF ANY, AS REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0341188
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE READING PUBLIC MUSEUM AND RELATED GROUNDS AND BUILDINGS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOUNDATION FOR THE READING PUBLIC MUSEUM
IRS990ScheduleI/RecipientTable/RecipientEIN0232563964
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 MUSEUM ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0READING
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019611
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW AND ANY QUESTIONS ARE PRESENTED AT THE FOLLOWING BOARD MEETING. THE FINANCE COMMITTEE REVIEWS THE 990 AND ITS SCHEDULES PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER, OFFICER AND DIRECTOR IS ASKED TO AFFIRM OR REAFFIRM ANNUALLY REGARDING CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOUNDATION 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/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07219182
IRS990/TotalAssetsEOYAmt07657205
IRS990/TotalAssetsGrp/BOYAmt07219182
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039754
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0380942
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,657,205
Liabilities
$0
Net assets
$7,657,205
Revenue
$63,448
Expenses
$380,942
Net income
-$317,494
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