Civic Intelligence

Madison Bach Musicians Inc.

990EZ • Fiscal year 2020 • EIN 34-2012848

Jul 01, 2019 to Jun 30, 2020 • Filed on Jun 28, 2021

5729 Forsythia PlaceMadison, WI 53705

(608) 238-6092

Siviq Scores

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

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.10x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

89th percentile

110%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

0.4%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$59,464

Up $31,104 (+110%) from 2019

Net Assets

Up

$47,908

Up $23,928 (+100%) from 2019

Liabilities

Up

$11,556

Up $7,176 (+164%) from 2019

Revenue

Up

$116,269

Up $435 (+0.4%) from 2019

Expenses

Down

$92,341

Down $9,402 (-9.2%) from 2019

Net Income

Up

$23,928

Up $9,837 (+70%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $28,360Liabilities 2019: $4,380Net Assets 2019: $23,9802019Assets 2020: $59,464Liabilities 2020: $11,556Net Assets 2020: $47,9082020Assets 2020: $59,464Liabilities 2020: $11,556Net Assets 2020: $47,9082020Assets 2021: $113,105Liabilities 2021: $5,238Net Assets 2021: $107,8672021Assets 2022: $130,242Liabilities 2022: $1,078Net Assets 2022: $129,1642022Assets 2023: $156,951Liabilities 2023: $5,314Net Assets 2023: $151,6372023Assets 2024: $202,229Liabilities 2024: $1,694Net Assets 2024: $200,5352024

Highlighted filing

2020

Assets$59,464
Liabilities$11,556
Net Assets$47,908

Operations Trend

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

$300K$200K$100K$0Revenue 2019: $115,834Expenses 2019: $101,743Net Income 2019: $14,0912019Revenue 2020: $116,269Expenses 2020: $92,341Net Income 2020: $23,9282020Revenue 2020: $116,269Expenses 2020: $92,341Net Income 2020: $23,9282020Revenue 2021: $137,764Expenses 2021: $77,805Net Income 2021: $59,9592021Revenue 2022: $148,476Expenses 2022: $127,179Net Income 2022: $21,2972022Revenue 2023: $161,247Expenses 2023: $126,478Net Income 2023: $34,7692023Revenue 2024: $269,352Expenses 2024: $217,498Net Income 2024: $51,8542024

Highlighted filing

2020

Revenue$116,269
Expenses$92,341
Net Income$23,928
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jun 28, 2021
Return Version
2019v5.0
Gross Receipts
$116,269
Mission and Program Overview

Mission

Presenting public concerts and educational presentations discussing bach, the music performed, and the instruments. Presented to both the general public and educational institutions.

Program Services

DescriptionGrantsExpenses
PRESENT MUSIC OF BACH TO THE GENERAL PUBLIC AND SCHOOLS TO ENRICH AND EDUCATE-$85,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA CLIFFORDPresident-$0--
NORMAN SHEPPARDVice Preside-$0--
ROBERT LOPEZTreasurer-$0--
MARJORIE MARIONSecretary-$0--
SUSAN CARSONDirector-$0--
JANET JOHNSONDirector-$0--
RONALD JOHNSONDirector-$0--
TUCKER MEYERSDirector-$0--
ROSE STEPHENSONDirector-$0--
TREVOR STEPHENSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Madison Bach Musicians Inc
EIN
34-2012848
Phone
6082386092
Address
5729 FORSYTHIA PLACE, MADISON, WI 53705

Signing Officer

Name
Trevor Stephenson
Title
Director
Phone
6082386092
Signed
2021-06-28

Preparer

Firm
Berndt CPA LLC
Address
2009 W BELTLINE HWY STE 100, MADISON, WI 53713-2306
Preparer
Jay V Mouille CPA
Phone
6082747473
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item B

The 2019 form 990-ez for madison bach musicians is being amended to report the correct amounts of contributions and program service revenue received during the 07/01/2019 - 06/30/2020 fiscal tax year. 9,455 of ticket sales were inadvertently included in the 40,078 of reported program service revenue on the originally filed 2019 form 990-ez. The 9,455 of ticket sales were for a concert in april 2020 that was cancelled. Instead of issuing refunds for the concert cancellation, the ticket purchasers allowed madison bach musicians to keep the ticket sales as contributions. The 9,455 of ticket sales are being moved from part 1, line 2 program service revenue to part 1, line 1 contributions. The net effect of this amendment has no impact on madison bach musician's total revenue, excess, nor net asset or fund balances for the fiscal tax year ending 06/30/2020. The amended tax return also includes individuals who contributed 5,000 or more during the fiscal year ending 06/30/2020. The original return filed did not include schedule b. Please see the enclosed schedule b. The amended tax return also includes the accurate list of officers and directors as of 06/30/20.

Form 990-ez, Part I, Line 8

Sales tax discount 20 total 20

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,988 bank charges/merchant fee 1,708 fund raising 1,611 insurance 389 meals- receptions 1,044 musical scores 245 musicians 32,575 office expenses 352 photos/artwork -graph des 2,150 travel 3,470 total 47,532

Form 990-ez, Part II, Line 24

Notes and loans receivable 3,184 2,999 total 3,184 2,999

Form 990-ez, Part II, Line 26

Deferred revenue 0 6,762 sales tax payable 0 25 secured mortgages and notes payable 4,380 4,769

Form 990-ez, Part III

Presenting public concerts and educational presentations discussing bach, the music performed, and the instruments. Presented to both the general public and educational institutions.

Raw XML Appendix181 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 2019 FORM 990-EZ FOR MADISON BACH MUSICIANS IS BEING AMENDED TO REPORT THE CORRECT AMOUNTS OF CONTRIBUTIONS AND PROGRAM SERVICE REVENUE RECEIVED DURING THE 07/01/2019 - 06/30/2020 FISCAL TAX YEAR. 9,455 OF TICKET SALES WERE INADVERTENTLY INCLUDED IN THE 40,078 OF REPORTED PROGRAM SERVICE REVENUE ON THE ORIGINALLY FILED 2019 FORM 990-EZ. THE 9,455 OF TICKET SALES WERE FOR A CONCERT IN APRIL 2020 THAT WAS CANCELLED. INSTEAD OF ISSUING REFUNDS FOR THE CONCERT CANCELLATION, THE TICKET PURCHASERS ALLOWED MADISON BACH MUSICIANS TO KEEP THE TICKET SALES AS CONTRIBUTIONS. THE 9,455 OF TICKET SALES ARE BEING MOVED FROM PART 1, LINE 2 PROGRAM SERVICE REVENUE TO PART 1, LINE 1 CONTRIBUTIONS. THE NET EFFECT OF THIS AMENDMENT HAS NO IMPACT ON MADISON BACH MUSICIAN'S TOTAL REVENUE, EXCESS, NOR NET ASSET OR FUND BALANCES FOR THE FISCAL TAX YEAR ENDING 06/30/2020. THE AMENDED TAX RETURN ALSO INCLUDES INDIVIDUALS WHO CONTRIBUTED 5,000 OR MORE DURING THE FISCAL YEAR ENDING 06/30/2020. THE ORIGINAL RETURN FILED DID NOT INCLUDE SCHEDULE B. PLEASE SEE THE ENCLOSED SCHEDULE B. THE AMENDED TAX RETURN ALSO INCLUDES THE ACCURATE LIST OF OFFICERS AND DIRECTORS AS OF 06/30/20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SALES TAX DISCOUNT 20 TOTAL 20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING AND PROMOTION 3,988 BANK CHARGES/MERCHANT FEE 1,708 FUND RAISING 1,611 INSURANCE 389 MEALS- RECEPTIONS 1,044 MUSICAL SCORES 245 MUSICIANS 32,575 OFFICE EXPENSES 352 PHOTOS/ARTWORK -GRAPH DES 2,150 TRAVEL 3,470 TOTAL 47,532
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOTES AND LOANS RECEIVABLE 3,184 2,999 TOTAL 3,184 2,999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEFERRED REVENUE 0 6,762 SALES TAX PAYABLE 0 25 SECURED MORTGAGES AND NOTES PAYABLE 4,380 4,769
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRESENTING PUBLIC CONCERTS AND EDUCATIONAL PRESENTATIONS DISCUSSING BACH, THE MUSIC PERFORMED, AND THE INSTRUMENTS. PRESENTED TO BOTH THE GENERAL PUBLIC AND EDUCATIONAL INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TREVOR STEPHENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06082386092
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON BACH MUSICIANS INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0342012848
ReturnHeader/Filer/PhoneNum06082386092
ReturnHeader/Filer/USAddress/AddressLine1Txt05729 FORSYTHIA PLACE
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053705
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273553468
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNDT CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02009 W BELTLINE HWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537132306
ReturnHeader/PreparerPersonGrp/PhoneNum06082747473
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY V MOUILLE CPA
ReturnHeader/ReturnTs02021-06-28T12:33:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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