FOUNDATION FOR THE READING PUBLIC MUSEUM

EIN: 232563964 501(c)(3) Arts, Culture & Humanities

READING, PA

Total Revenue
$3,988,422
Total Expenses
$4,265,110
Total Assets
$14,537,021
Net Assets
$13,856,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
PA
Principal Officer
GEOFFREY FLEMING
Phone
6103715850
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR THE READING PUBLIC MUSEUM, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $13.9M represent 42 months of operating reserves.

Mission

TO EDUCATE THROUGH COLLECTION AND PRESERVATION OF OBJECTS OF ART, SCIENCE AND CIVILIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,230,648
Program Service Revenue $987,021
Investment Income $537,950
Other Revenue $232,803
TOTAL REVENUE $3,988,422

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,626,978
Fundraising Expenses $143,084
Program Expenses $3,755,232
Other Expenses $2,638,132
TOTAL EXPENSES $4,265,110

Year-over-Year Comparison

2024 2023 Change
Revenue $3,988,422 $4,468,015 -0.1%
Expenses $4,265,110 $3,425,854 +0.2%
Net Income $-276,688 $1,042,161 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
46
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$268,034
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ANNA WEITZ BOARD CHAIR 5.00
Officer Director
$0 $0 $0
LAURIE PEER 1ST VICE CHAIR/TREASURER 3.00
Officer Director
$0 $0 $0
DR SETH ROSENZWEIG SECRETARY 2.00
Officer Director
$0 $0 $0
DR JERRY MARCUS ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
FRANKI AITKEN BOARD MEMBER AS OF JANUARY 1.00
Director
$0 $0 $0
DR KRISTEN ANGSTADT BOARD MEMBER 1.00
Director
$0 $0 $0
ENGLISH BRADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC BURKEY BOARD MEMBER AS OF JANUARY 1.00
Director
$0 $0 $0
JAVAR COLON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK DETTERLINE BOARD MEMBER AS OF JANUARY 1.00
Director
$0 $0 $0
DANIEL EGUSQUIZA BOARD MEMBER 1.00
Director
$0 $0 $0
VIOLET EMORY BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN HEINTZMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TED LAVENDER BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL LAWS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID MYERS BOARD MEMBER 1.00
Director
$0 $0 $0
FREDERICK NICE ESQ BOARD MEMBER 3.00
Director
$0 $0 $0
NICK PHILIPPIDES BOARD MEMBER 1.00
Director
$0 $0 $0
RON POOK BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL RHOADS BOARD MEMBER 5.00
Director
$0 $0 $0
BILL SANDS BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN TINOCO BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL OXHOLM INTERIM CEO/DIRECTOR THRU MARCH 40.00
Officer
$75,790 $8,545 $84,335
GEOFFREY FLEMING EXEC. DIRECTOR & CEO AS OF MARCH 40.00
Officer
$175,577 $8,122 $183,699
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,988,422 $4,265,110 $14,537,021 $-276,688
2023 $4,468,015 $3,425,854 $14,944,240 $1,042,161
2022 $2,967,005 $3,370,926 $13,176,639 $-403,921
2021 $4,253,898 $2,691,769 $14,501,952 $1,562,129
2020 $2,951,112 $2,521,636 $12,640,326 $429,476
2019 $3,758,573 $3,182,004 $11,823,016 $576,569
2018 $3,053,417 $3,278,122 $11,090,090 $-224,705
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