Civic Intelligence

Reading Public Museum Endowment Trust

990 • Fiscal year 2023 • EIN 23-7689681

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 09, 2024

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

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

45th percentile

3.8%

Faster asset growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

254%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$7,332,581

Up $265,494 (+3.8%) from 2022

Net Assets

Up

$7,332,581

Up $265,494 (+3.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin78th percentile

Revenue

Up

$540,966

Up $388,301 (+254%) from 2022

Expenses

Up

$412,083

Up $15,213 (+3.8%) from 2022

Net Income

Up

$128,883

Up $373,088 (+153%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2023

Assets$7,332,581
Liabilities$0
Net Assets$7,332,581
Open 2023 Filing

Operations Trend

Revenue Growth97th 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

2023

Revenue$540,966
Expenses$412,083
Net Income$128,883
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 9, 2024
Return Version
2023v5.1
Gross Receipts
$2,191,513
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$7,067,087$7,332,581▲ $265,494
Total Assets$7,067,087$7,332,581▲ $265,494
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,067,087$7,332,581▲ $265,494
Total Net Assets Fund Balance$7,067,087$7,332,581▲ $265,494
Total Liabilities and Net Assets / Fund Balance$7,067,087$7,332,581▲ $265,494

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,067,087-▲ $635,793-$7,332,581
2022$8,474,610-▼ $1,054,918-$7,067,087
2021$7,657,205-▲ $1,157,917-$8,474,610
2020$7,219,182-▲ $779,211-$7,657,205
2019$6,323,274-▲ $1,231,933-$7,219,182
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$540,966
Other Revenue
$0
Change in Net Assets
$128,883

Audited Revenue Reconciliation

Revenue per Audited Statements
$499,182
Revenue Not Reported on Financial Statements
$41,784
Revenue Not Reported on Form 990
$136,611
Total Revenue per Audited Statements
$635,793
Total Revenue per Form 990
$540,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$370,299
Other Expenses$41,784
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$370,299--$370,299
Fees for Service Investment Mgmnt Fees-$41,784-$41,784
Total Functional Expenses$370,299$41,784$0$412,083

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$412,083
Expenses per Audited Statements$370,299
Total Expenses per Audited Statements$370,299
Expenses Not Reported on Financial Statements$41,784
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.$370,299
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
2024-09-09
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 CPA
Phone
6103781175
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

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 Appendix371 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/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06103715850
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 MUSEUM ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0READING
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IRS990/GrantsToIndividualsInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07067087
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IRS990/IRPDocumentCnt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01650547
IRS990/LoanOutstandingInd00
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IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07067087
IRS990/NetAssetsOrFundBalancesEOYAmt07332581
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0349930
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0136611
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherExpensesAmt044265
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-244205
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0396870
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IRS990/PYTotalRevenueAmt0152665
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION IS NOT LISTED IN THE TRUST GOVERNING DOCUMENT, BUT THE MISSION OF THE TRUST IS 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART I, LINE 12G, COLUMN IV:
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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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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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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
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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:
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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/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-09
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ReturnHeader/ReturnTs02024-09-16T07:46:02-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,332,581
Liabilities
$0
Net assets
$7,332,581
Revenue
$540,966
Expenses
$412,083
Net income
$128,883
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