Civic Intelligence

Reading Recreation Commission

990 • Fiscal year 2022 • EIN 38-3860043

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 29, 2023

320 S 3rd StreetReading, PA 19602

(610) 655-6201

Siviq Scores

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

Liabilities / Assets

79th percentile

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

26th percentile

-5.1%

Higher net margin than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$102,852

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

32%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-14%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,355,188

Up $326,878 (+32%) from 2021

Net Assets

Down

$854,189

Down $61,562 (-6.7%) from 2021

Liabilities

Up

$500,999

Up $388,440 (+345%) from 2021

Revenue

Down

$1,215,207

Down $202,968 (-14%) from 2021

Expenses

Up

$1,276,769

Up $183,543 (+17%) from 2021

Net Income

Down

-$61,562

Down $386,511 (-119%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $268,378Liabilities 2012: $23,764Net Assets 2012: $244,6142012Assets 2013: $364,837Liabilities 2013: $45,580Net Assets 2013: $319,2572013Assets 2014: $483,832Liabilities 2014: $54,844Net Assets 2014: $428,9882014Assets 2015: $448,400Liabilities 2015: $59,471Net Assets 2015: $388,9292015Assets 2016: $331,228Liabilities 2016: $64,697Net Assets 2016: $266,5312016Assets 2017: $343,031Liabilities 2017: $62,752Net Assets 2017: $280,2792017Assets 2018: $428,584Liabilities 2018: $121,473Net Assets 2018: $307,1112018Assets 2019: $251,999Liabilities 2019: $108,874Net Assets 2019: $143,1252019Assets 2020: $692,024Liabilities 2020: $101,222Net Assets 2020: $590,8022020Assets 2021: $1,028,310Liabilities 2021: $112,559Net Assets 2021: $915,7512021Assets 2022: $1,355,188Liabilities 2022: $500,999Net Assets 2022: $854,1892022Assets 2023: $1,338,938Liabilities 2023: $367,143Net Assets 2023: $971,7952023Assets 2024: $1,347,437Liabilities 2024: $339,047Net Assets 2024: $1,008,3902024

Highlighted filing

2022

Assets$1,355,188
Liabilities$500,999
Net Assets$854,189

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $628,4702012Revenue 2013: $936,364Expenses 2013: $861,721Net Income 2013: $74,6432013Revenue 2014: $929,761Expenses 2014: $830,030Net Income 2014: $99,7312014Revenue 2015: $1,149,326Expenses 2015: $1,189,385Net Income 2015: -$40,0592015Revenue 2016: $1,167,186Expenses 2016: $1,289,584Net Income 2016: -$122,3982016Revenue 2017: $1,214,483Expenses 2017: $1,200,735Net Income 2017: $13,7482017Revenue 2018: $1,434,822Expenses 2018: $1,407,990Net Income 2018: $26,8322018Revenue 2019: $1,367,085Expenses 2019: $1,531,071Net Income 2019: -$163,9862019Revenue 2020: $2,090,457Expenses 2020: $1,642,780Net Income 2020: $447,6772020Revenue 2021: $1,418,175Expenses 2021: $1,093,226Net Income 2021: $324,9492021Revenue 2022: $1,215,207Expenses 2022: $1,276,769Net Income 2022: -$61,5622022Revenue 2023: $1,541,631Expenses 2023: $1,424,025Net Income 2023: $117,6062023Revenue 2024: $1,526,070Expenses 2024: $1,489,475Net Income 2024: $36,5952024

Highlighted filing

2022

Revenue$1,215,207
Expenses$1,276,769
Net Income-$61,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 29, 2023
Return Version
2022v5.0
Gross Receipts
$1,215,207
Mission and Program Overview

Mission

To provide quality recreation programs and facilities to the residents of the city of reading with an emphasis on youth programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$845,229$1,266,607▲ $421,378
Land, Buildings, and Equipment, Net$81,537$72,973▼ $8,564
Accounts Receivable$81,528$11,360▼ $70,168
Prepaid Expenses and Deferred Charges$20,016$4,248▼ $15,768
Total Assets$1,028,310$1,355,188▲ $326,878
Liabilities
Deferred Revenue$0$362,200▲ $362,200
Accounts Payable and Accrued Expenses$112,559$138,799▲ $26,240
Total Liabilities$112,559$500,999▲ $388,440
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$862,627$834,794▼ $27,833
Net Assets With Donor Restrictions$53,124$19,395▼ $33,729
Total Net Assets Fund Balance$915,751$854,189▼ $61,562
Total Liabilities and Net Assets / Fund Balance$1,028,310$1,355,188▲ $326,878

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,973$157,803$230,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daphne KlahrExecutive DirectorFT$95,340$7,512$102,852

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$760,238
Program Service Revenue
$390,777
Investment Income
$61
Other Revenue
$64,131
All Other Contributions
$130,308
Change in Net Assets
$-61,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,215,207
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,215,207
Total Revenue per Form 990
$1,215,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$910,677
Other Expenses$366,092
Total Fundraising Expense$40,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$563,495$85,261$31,004$679,760
Current Officers, Directors, Trustees, and Key Employees$105,712--$105,712
Payroll Taxes$53,645$6,942$2,524$63,111
Other Employee Benefits$33,372$14,017$3,504$50,893
Fees for Services Other$5,866$26,896-$32,762
Depreciation Depletion$18,730$2,554-$21,284
Pension Plan Contributions$6,982$3,375$844$11,201
Advertising$10,691--$10,691
Fees for Services Accounting-$10,470-$10,470
Other Expenses$4,094$797$425$5,316
All Other Expenses$1,195$1,793-$2,988
Fees for Services Legal-$1,888-$1,888
Office Expenses$88$88-$176
Total Functional Expenses$1,073,582$162,317$40,870$1,276,769

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,276,769
Total Expenses per Audited Statements$1,276,769
Total Expenses per Form 990$1,276,769
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 7A

The board of directors consist of 11 persons whose appointment, class, term & removal are as follows: two class a directors are appointed by the reading school district, two class b directors are appointed by the reading school district upon the recommendation of the superintendent of the reading school district, one class c director is appointed by the superintendent, two class d directors are appointed by the council of the city of reading, two class e directors are appointed by city council upon the recommendation of the mayor of the city of reading, one class f director is appointed by the mayor, one class g director is appointed by the agreement of city council and the mayor. As of the end of the current year, there was one vacancy on the board.

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

Before the form 990 is filed, it is reviewed by the president, vice president for finance, and the treasurer of the board for appropriateness and correctness.

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

Reading recreation commission uses a purchasing policy to ensure fairness in selecting vendors and purchasing.

Form 990, Part VI, Section B, Line 15

Per the bylaws, the board shall determine the compensation of officers, if any.

Form 990, Part VI, Section C, Line 18

The organization's forms 1023 and 990 are available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Reading Recreation Commission
EIN
38-3860043
Phone
6106556201
Address
320 S 3RD STREET, READING, PA 19602

Signing Officer

Name
Daphne E Klahr
Title
Ed.d., Cpre Executive Director
Phone
6106556201
Signed
2023-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daphne E Klahr
Formed
2012
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
95
Volunteers
0

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD, WYOMISSING, PA 19610-6008
Preparer
Ruthann J Woll CPA
Phone
6103761595
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors approves the accounting firm to handle the audit upon recommendation of the executive director.

Financial Statement Notes

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 be ultimately 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 commission files informational returns (irs form 990) in the u. S. Federal jurisdiction. The organization's returns are not subject to examination through the year ended december 31, 2019.

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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03504
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014017
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033372
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050893
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND PROGRAM EX
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE & COMMUNICATI
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/FundraisingAmt02352
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt2217
IRS990/OtherExpensesGrp/FundraisingAmt3425
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15126
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2758
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3797
IRS990/OtherExpensesGrp/ProgramServicesAmt0230970
IRS990/OtherExpensesGrp/ProgramServicesAmt134302
IRS990/OtherExpensesGrp/ProgramServicesAmt24440
IRS990/OtherExpensesGrp/ProgramServicesAmt34094
IRS990/OtherExpensesGrp/TotalAmt0235674
IRS990/OtherExpensesGrp/TotalAmt139428
IRS990/OtherExpensesGrp/TotalAmt25415
IRS990/OtherExpensesGrp/TotalAmt35316
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt031004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085261
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0563495
IRS990/OtherSalariesAndWagesGrp/TotalAmt0679760
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02524
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06942
IRS990/PayrollTaxesGrp/ProgramServicesAmt053645
IRS990/PayrollTaxesGrp/TotalAmt063111
IRS990/PensionPlanContributionsGrp/FundraisingAmt0844
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03375
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06982
IRS990/PensionPlanContributionsGrp/TotalAmt011201
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020016
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04248
IRS990/PrincipalOfficerNm0DAPHNE E KLAHR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0POOL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE PROGRAM R
IRS990/ProgramServiceRevenueGrp/Desc2TENNIS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4SPORTS PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0189634
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247359
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt338444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0189634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt338444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418810
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED TENNIS PROGRAM INTO MULTIPLE CITY LOCATIONS AND SCHOOLS; HELD SPECIAL TENNIS EVENTS AND CLINICS. ALSO PROVIDED VOLLEYBALL, BASKETBALL, & OTHER PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0256633
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0108743
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATED MULTIPLE PLAYGROUND AND AFTERSCHOOL SITES ALONG WITH SPECIAL EVENTS LIKE WACKY WATER WEDNESDAY AND MOVIE NIGHTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0218064
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt092400
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDED PAVILION, BUILDING AND EQUIPMENT RENTALS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0151349
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt064131
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0992176
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0406446
IRS990/PYOtherRevenueAmt053567
IRS990/PYProgramServiceRevenueAmt0372382
IRS990/PYRevenuesLessExpensesAmt0324949
IRS990/PYSalariesCompEmpBnftPaidAmt0686780
IRS990/PYTotalExpensesAmt01093226
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01418175
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-61562
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0629930
IRS990/RentalIncomeOrLossGrp/RealAmt064131
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0189634
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0845229
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01266607
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0760238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0833587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01145922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0986287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01022006
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04748040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt064192
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt053617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023478
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073184
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt060859
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0275330
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02676089
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94350
IRS990ScheduleA/PublicSupportPY170Pct00.94250
IRS990ScheduleA/PublicSupportTotal170Amt04739491
IRS990ScheduleA/SubstantialContributorsTotAmt08549
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0760238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0833587
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01145922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0986287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01022006
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04748040
IRS990ScheduleA/TotalSupportAmt05023370
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt072973
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0230776
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01276769
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01215207
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WHEN 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 BE ULTIMATELY 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 COMMISSION FILES INFORMATIONAL RETURNS (IRS FORM 990) IN THE U. S. FEDERAL JURISDICTION. THE ORGANIZATION'S RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072973
IRS990ScheduleD/TotalExpensesPerForm990Amt01276769
IRS990ScheduleD/TotalRevenuePerForm990Amt01215207
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01215207
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01276769
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS CONSIST OF 11 PERSONS WHOSE APPOINTMENT, CLASS, TERM & REMOVAL ARE AS FOLLOWS: TWO CLASS A DIRECTORS ARE APPOINTED BY THE READING SCHOOL DISTRICT, TWO CLASS B DIRECTORS ARE APPOINTED BY THE READING SCHOOL DISTRICT UPON THE RECOMMENDATION OF THE SUPERINTENDENT OF THE READING SCHOOL DISTRICT, ONE CLASS C DIRECTOR IS APPOINTED BY THE SUPERINTENDENT, TWO CLASS D DIRECTORS ARE APPOINTED BY THE COUNCIL OF THE CITY OF READING, TWO CLASS E DIRECTORS ARE APPOINTED BY CITY COUNCIL UPON THE RECOMMENDATION OF THE MAYOR OF THE CITY OF READING, ONE CLASS F DIRECTOR IS APPOINTED BY THE MAYOR, ONE CLASS G DIRECTOR IS APPOINTED BY THE AGREEMENT OF CITY COUNCIL AND THE MAYOR. AS OF THE END OF THE CURRENT YEAR, THERE WAS ONE VACANCY ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEFORE THE FORM 990 IS FILED, IT IS REVIEWED BY THE PRESIDENT, VICE PRESIDENT FOR FINANCE, AND THE TREASURER OF THE BOARD FOR APPROPRIATENESS AND CORRECTNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2READING RECREATION COMMISSION USES A PURCHASING POLICY TO ENSURE FAIRNESS IN SELECTING VENDORS AND PURCHASING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PER THE BYLAWS, THE BOARD SHALL DETERMINE THE COMPENSATION OF OFFICERS, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS APPROVES THE ACCOUNTING FIRM TO HANDLE THE AUDIT UPON RECOMMENDATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.34$1.01$1.53$1.49$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.37$0.97$1.54$1.42$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.50$0.85$1.22$1.28$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.11$0.92$1.42$1.09$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.10$0.59$2.09$1.64$0.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.11$0.14$1.37$1.53$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.12$0.31$1.43$1.41$0.03
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.34$0.06$0.28$1.21$1.20$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.06$0.27$1.17$1.29$0.12
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.45$0.06$0.39$1.15$1.19$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.05$0.43$0.93$0.83$0.10
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.36$0.05$0.32$0.94$0.86$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.02$0.24$0.63