Civic Intelligence

American Bach Soloists

990 • Fiscal year 2016 • EIN 68-0211969

Sep 01, 2015 to Aug 31, 2016 • Filed on Nov 23, 2016

44 Page StreetSan Francisco, CA 94102

(415) 621-7900

Siviq Scores

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

Liabilities / Assets

84th percentile

0.65x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.36x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$90,459

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

319%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

58%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,081,618

Up $823,281 (+319%) from 2015

Net Assets

Up

$379,506

Up $550,334 (+322%) from 2015

Liabilities

Up

$702,112

Up $272,947 (+64%) from 2015

Revenue

Up

$1,955,230

Up $717,939 (+58%) from 2015

Expenses

Up

$1,370,618

Up $166,499 (+14%) from 2015

Net Income

Up

$584,612

Up $551,440 (+1662%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $116,214Liabilities 2011: $179,757Net Assets 2011: -$63,5432011Assets 2012: $116,526Liabilities 2012: $339,141Net Assets 2012: -$222,6152012Assets 2013: $116,473Liabilities 2013: $329,212Net Assets 2013: -$212,7392013Assets 2014: $174,061Liabilities 2014: $378,061Net Assets 2014: -$204,0002014Assets 2015: $258,337Liabilities 2015: $429,165Net Assets 2015: -$170,8282015Assets 2016: $1,081,618Liabilities 2016: $702,112Net Assets 2016: $379,5062016Assets 2017: $908,845Liabilities 2017: $642,361Net Assets 2017: $266,4842017Assets 2018: $812,944Liabilities 2018: $690,539Net Assets 2018: $122,4052018Assets 2019: $508,150Liabilities 2019: $752,294Net Assets 2019: -$244,1442019Assets 2020: $297,285Liabilities 2020: $776,517Net Assets 2020: -$479,2322020Assets 2021: $123,518Liabilities 2021: $730,912Net Assets 2021: -$607,3942021Assets 2022: $169,277Liabilities 2022: $829,270Net Assets 2022: -$659,9932022Assets 2023: $169,277Liabilities 2023: $829,270Net Assets 2023: -$659,9932023Assets 2025: $412,694Liabilities 2025: $389,423Net Assets 2025: $23,2712025

Highlighted filing

2016

Assets$1,081,618
Liabilities$702,112
Net Assets$379,506

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $739,602Expenses 2011: $748,058Net Income 2011: -$8,4562011Revenue 2012: $849,223Expenses 2012: $1,008,295Net Income 2012: -$159,0722012Expenses 2013: $1,048,0252013Revenue 2014: $1,068,395Expenses 2014: $1,059,656Net Income 2014: $8,7392014Revenue 2015: $1,237,291Expenses 2015: $1,204,119Net Income 2015: $33,1722015Revenue 2016: $1,955,230Expenses 2016: $1,370,618Net Income 2016: $584,6122016Revenue 2017: $1,282,181Expenses 2017: $1,412,175Net Income 2017: -$129,9942017Revenue 2018: $945,763Expenses 2018: $1,089,842Net Income 2018: -$144,0792018Revenue 2019: $1,309,778Expenses 2019: $1,676,327Net Income 2019: -$366,5492019Revenue 2020: $997,838Expenses 2020: $1,232,926Net Income 2020: -$235,0882020Revenue 2021: $640,586Expenses 2021: $801,029Net Income 2021: -$160,4432021Revenue 2022: $1,106,606Expenses 2022: $1,116,663Net Income 2022: -$10,0572022Revenue 2023: $1,106,606Expenses 2023: $1,116,663Net Income 2023: -$10,0572023Revenue 2025: $1,227,769Expenses 2025: $858,373Net Income 2025: $369,3962025

Highlighted filing

2016

Revenue$1,955,230
Expenses$1,370,618
Net Income$584,612
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Nov 23, 2016
Return Version
2015v2.0
Gross Receipts
$2,088,649
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$31,580$584,052▲ $552,472
Loans From Officers Directors$220,000$480,000▲ $260,000
Pledges and Grants Receivable$47,220$248,400▲ $201,180
Land, Buildings, and Equipment, Net$60,056$88,314▲ $28,258
Cash and Non-Interest-Bearing Accounts$21$574▲ $553
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$258,337$1,081,618▲ $823,281
Other Assets Total$119,460$160,278▲ $40,818
Liabilities
Deferred Revenue$122,276$113,948▼ $8,328
Unsecured Notes Loans Payable$43,792$61,820▲ $18,028
Accounts Payable and Accrued Expenses$43,097$46,344▲ $3,247
Total Liabilities$429,165$702,112▲ $272,947
Net Assets / Fund Balance
Temporarily Rstr Net Assets$67,220$824,122▲ $756,902
Unrestricted Net Assets$-238,048$-444,616▼ $206,568
Total Net Assets Fund Balance$-170,828$379,506▲ $550,334
Total Liabilities and Net Assets / Fund Balance$258,337$1,081,618▲ $823,281

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$88,314$82,790$171,104
Other Assets Org$160,278--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don Scott CarpenterExec DirectorFT$77,917$12,542$90,459

Board Members and Trustees

NameTitle
James R MeehanPresident
Judith FlynnVice President
D Kern HolomanBoard Member
Marie HoganBoard Member
Richard J BoyerBoard Member
Gregory MadsenSecretary
Hugh DaviesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,388,736
Program Service Revenue
$491,937
Investment Income
$0
Other Revenue
$74,557
All Other Contributions
$1,303,463
Change in Net Assets
$584,612

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Collectibles1$33,130Fair Market Value (FMV)
Securities Publicly Traded1$5,182Fair Market Value (FMV)
Total Noncash Contributions2$38,312-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,955,230
Revenue Not Reported on Form 990
$99,141
Total Revenue per Audited Statements
$2,054,371
Total Revenue per Form 990
$1,955,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$907,911
Salaries, Compensation, and Employee Benefits$462,707
Total Fundraising Expense$44,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$197,172$85,580$20,570$303,322
Occupancy$92,266$17,086$4,556$113,908
Advertising$88,561-$12,133$100,694
Current Officers, Directors, Trustees, and Key Employees$66,229$11,688-$77,917
Other Employee Benefits$35,703$13,184$2,789$51,676
Payroll Taxes$20,583$7,601$1,608$29,792
Office Expenses$19,931$7,361$1,556$28,848
Interest-$17,506-$17,506
Insurance$8,585$3,171$671$12,427
Travel$9,137$1,228-$10,365
Fees for Services Accounting-$9,779-$9,779
Other Expenses$4,387$1,620$343$6,350
Depreciation Depletion$5,142$907-$6,049
Information Technology$4,011$1,481$314$5,806
All Other Expenses$1,500$-14,271-$-12,771
Total Functional Expenses$1,161,448$164,630$44,540$1,370,618

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,504,037
Expenses per Audited Statements$1,370,618
Total Expenses per Form 990$1,370,618
Expenses Not Reported on Form 990$133,419
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$156,004
Fundraising Direct Expenses$103,882
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$120,908$84,658$30,389$54,269
Concert Sponsor$66,969$66,346$19,002$47,344
Total Events$187,877$151,004$103,882$47,122
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$220,000$480,000▲ $260,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, 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, 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 they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
American Bach Soloists
EIN
68-0211969
Phone
4156217900
Address
44 Page Street, San Francisco, CA 94102

Signing Officer

Name
Don Scott Carpenter
Title
Executive Director
Signed
2016-11-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh Davies
Formed
1989
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
12

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in discount of long-term pledges = -$34278

Financial Statement Notes

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, 2016, 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 $103882 Inventory cost of goods sold $11063 Form 990T Expenses $18474 Change in discount of long-term pledges $-34278

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Events Expenses $103882 Inventory cost of goods sold $11063 Form 990T Expenses $18474

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013184
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035703
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IRS990/OtherExpensesGrp/Desc0PRODUCTION COSTS
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020570
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IRS990/PayrollTaxesGrp/FundraisingAmt01608
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IRS990/ProgramServiceRevenueGrp/Desc3TOUR REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1408022
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03900
IRS990/ProgSrvcAccomActy2Grp/Desc0performances of major works, opera, and oratorio from the Baroque; concerts by an annual Distinguished Artist; the Academy-in-Action Series, free Lectures and Master Classes, and public Colloquia on a variety of topics. In addition to their regular subscription season, the American Bach Soloists have been presented at some of the worlds leading early music and chamber music festivals, and have appeared across the continent, in Europe, and in Asia.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0103427
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021803
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IRS990ScheduleA/InvestmentIncomePYPct00.02000
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.39$0.02$1.23$0.86$0.37
2023Summary only. Only limited summary data is available for this year.$0.17$0.83$0.66$1.11$1.12$0.01
2022Summary only. Only limited summary data is available for this year.$0.17$0.83$0.66$1.11$1.12$0.01
2021Summary only. Only limited summary data is available for this year.$0.12$0.73$0.61$0.64$0.80$0.16
2020Summary only. Only limited summary data is available for this year.$0.30$0.78$0.48$1.00$1.23$0.24
2019Summary only. Only limited summary data is available for this year.$0.51$0.75$0.24$1.31$1.68$0.37
2018Summary only. Only limited summary data is available for this year.$0.81$0.69$0.12$0.95$1.09$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.64$0.27$1.28$1.41$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.70$0.38$1.96$1.37$0.58
2015Summary only. Only limited summary data is available for this year.$0.26$0.43$0.17$1.24$1.20$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.38$0.20$1.07$1.06$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.33$0.21$1.05
2012Summary only. Only limited summary data is available for this year.$0.12$0.34$0.22$0.85$1.01$0.16
2011Summary only. Only limited summary data is available for this year.$0.12$0.18$0.06$0.74$0.75$0.01