2014-10-03T14:57:38-07:00 2014-08-31 Regalia & Associates CPAs 103 Town Country Dr Ste K Danville CA 94526 990 2013-09-01 680211969 AMERICAN BACH SOLOISTS AMER 4156217900 44 Page Street San Francisco CA 94102 Don Scott Carpenter Exec Director 2014-10-03 true Douglas W Regalia P00186389 9253140390 2013 2015-11-30 17:44:51Z Hugh Davies 44 Page Street Suite 403 SAN FRANCISCO CA 94102 1155172 false false X www.americanbach.org X 1989 CA The American Bach Soloists engage and inspire audiences through historically informed performances, recordings, and educational programs that emphasize the music of the Baroque, Classical, and Early Romantic eras. 8 8 9 12 6687 164 575963 588187 442825 375222 0 39113 104986 1057901 1068395 0 0 326553 354512 0 40790 721472 705144 1048025 1059656 9876 8739 116473 174061 329212 378061 -212739 -204000 Named the best American specialists in early music by The Washington Post, ABS was founded in 1989 with the mission of introducing contemporary audiences to the cantatas of Johann Sebastian Bach through historically informed performances. false false 915036 The American Bach Soloists touch musical audiences through live performances, recordings, and educational programs that emphasize the engaging repertoire and historically accurate performance practices of the Baroque, Classical, and Early Romantic periods with a special focus on the works of Johann Sebastian Bach.In addition to their regular subscription season, the American Bach Soloists present an annual SummerFest chamber music festival each July, featuring concerts, lectures, recitals, and related events presented in Belvedere, Davis and San Francisco. The ensemble has been presented at some of the world's leading early music festivals, and has also made appearances in Santa Fe, Pittsburgh, Singapore, and Hong Kong. In addition, ABS has developed a close relationship with Mondavi Arts which produces a prestigious concert series in the state-of-the-art Robert & Margrit Mondavi Center for the Performing Arts on the campus of the University of California at Davis.The American Bach Soloists are recipients of major grants from Grants for the Arts/San Francisco Hotel Tax Fund, The William & Flora Hewlett Foundation, the James Irvine Foundation, the Marin Community Foundation, the Charles Hosmer Morse Foundation, the E. Nakamichi Foundation, The William E. & Aenid R. Weisgerber Foundation, The Wallis Foundation, and the Phyllis C. Wattis Foundation. An administrative staff and Board of Trustees support ABS' activities as a non-profit organization. 915036 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 true 9 true true false false false true true true true false 0 false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false X X Don Scott Carpenter Exec Dir 4156217900 44 Page Street 403 SAN FRANCISCO CA 94102 Hugh Davies President 4.00 0.00 X X 0 0 0 Angela Hilt Vice President 4.00 0.00 X X 0 0 0 James R Meehan Treasurer 4.00 0.00 X X 0 0 0 Gregory Madsen Secretary 4.00 0.00 X X 0 0 0 Richard J Boyer Board Member 1.00 0.00 X 0 0 0 Judith Flynn Board Member 1.00 0.00 X 0 0 0 Marie Hogan Board Member 1.00 0.00 X 0 0 0 Blake Reinhardt Board Member 1.00 0.00 X 0 0 0 Don Scott Carpenter Exec Director 40.00 0.00 X 72500 0 6494 72500 6494 0 false false false 0 26665 46530 514992 990 588187 Academy tuition and fees 42195 42195 Education/Outreach 1500 1500 Program Ad Sales 5775 5775 TICKET REVENUE 299252 299252 TOUR REVENUE 26500 26500 375222 0 0 0 7960 7048 912 912 912 0 144169 26665 65186 78983 0 18211 14543 3668 3668 OTHER 1206 1206 Royalties 20217 20217 21423 1068395 374321 6687 20217 0 0 0 0 78994 67145 11849 0 227897 155838 50666 21393 0 23528 16213 5176 2139 24093 17441 4936 1716 0 0 9204 9204 0 0 0 400 400 80498 70694 9804 12913 9348 2645 920 5391 3903 1104 384 0 67847 54956 10177 2714 0 0 11878 10184 1694 4712 4712 0 3826 3252 574 17372 12576 3559 1237 PRODUCTION COSTS 303216 303216 Festival/Academy 141542 141542 Tour artist fees 26500 26500 Bank charges/credit card fees 16535 15820 715 3310 6408 -3581 483 1059656 915036 103830 40790 168 20432 0 42300 46530 30000 0 0 0 0 17084 19095 128930 70926 56921 58004 0 0 0 0 0 116473 174061 84003 37482 114367 151481 110000 189098 1150 19692 329212 378061 X -255039 -250530 42300 46530 -212739 -204000 116473 174061 8739 X false true X true false X 327715 327889 339018 575963 588187 2158772 416683 418524 544119 549298 545562 2474186 0 0 0 744398 746413 883137 1125261 1133749 4632958 84239 83418 143145 50684 103427 464913 0 84239 83418 143145 50684 103427 464913 4168045 33697 21803 7739 20217 83456 0 33697 21803 7739 20217 83456 0 9384 4332 1241 2392 1206 18555 753782 784442 906181 1135392 1155172 4734969 0.88030 0.87730 0.01760 0.01310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128930 70926 58004 58004 X 1155172 86777 86777 1068395 1068395 1146433 86777 86777 1059656 1059656 Part X : FIN48 Footnote Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, ABS is required to report information regarding its exposure to various tax positions taken by ABS and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that ABS has adequately evaluated its current tax positions and has concluded that as of August 31, 2014, ABS does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.ABS has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that ABS continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. ABS may periodically receive unrelated business income (such as sublease rental income or advertising revenue) requiring ABS to file separate tax returns under federal and state statutes. Under such conditions, ABS calculates and accrues the applicable taxes. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Special Events Expenses $65186 Inventory cost of goods sold $14543 Form 990T Expenses $7048 Part XII, Line 2d: Other expenses and losses per audited F/S Special Events Expenses $65186 Inventory cost of goods sold $14543 Form 990T Expenses $7048 X X X X X false Annual Gala 83169 83169 1486 15545 15220 Concert Sponsor 60000 60000 32935 1 26665 26665 169834 26665 143169 1486 15545 48155 65186 77983 Client Note 1 Client Note 1 - Property and Equipment----------------------Property and equipment consist of the following at August 31, 2014 and 2013: 2014 2013 --------- ---------Property and equipment $ 107,109 104,275Music library 21,821 19,746Less: accumulated depreciation (70,926) (67,100) --------- --------- $ 58,004 56,921 --------- ---------Depreciation expense amounted to $3,826 and $3,736 for the years ended August 31, 2014 and 2013, respectively. Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE EXECUTIVEDIRECTOR. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERENECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. THE EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL PERIODICALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION OF OTHER HIGH-LEVEL PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY MEMBERS OF MANAGEMENT. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. ALL DECISIONS ARE THEN DOCUMENTED IN PERSONNEL FILES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE IT IS AVAILABLE FOR VIEWING AS AN ELECTRONIC COPY) AND ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA (FOR A PHYSICAL INSPECTION).