Civic Intelligence

Carmel Bach Festival Foundation Inc.

EIN 77-0387306 • 501(c)3 • Carmel, CA

Pub. 78 Eligible

Profile

Investment earnings and contributions released from restrictions are transferred to the Carmel Bach Festival in accordance with all legal and accounting stipulations.

PO Box 575Carmel, CA 93921

www.bachfestival.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.16x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

37th percentile

-0.1%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

49th percentile

3.7%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

342%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$6,933,423

Up $249,615 (+3.7%) from 2023

Liabilities

Down

$164,131

Down $173,057 (-51%) from 2023

Net Assets

Up

$6,769,292

Up $422,672 (+6.7%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin37th percentile

Revenue

Up

$1,013,584

Up $784,144 (+342%) from 2023

Expenses

Up

$1,014,359

Up $26,502 (+2.7%) from 2023

Net Income

Up

-$775

Up $757,642 (+100%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $3,442,530Liabilities 2011: $94Net Assets 2011: $3,442,4362011Assets 2012: $3,645,327Liabilities 2012: $0Net Assets 2012: $3,645,3272012Assets 2013: $3,581,577Liabilities 2013: $0Net Assets 2013: $3,581,5772013Assets 2014: $3,506,958Liabilities 2014: $0Net Assets 2014: $3,506,9582014Assets 2015: $3,301,850Liabilities 2015: $0Net Assets 2015: $3,301,8502015Assets 2016: $3,203,444Liabilities 2016: $0Net Assets 2016: $3,203,4442016Assets 2017: $3,615,566Liabilities 2017: $0Net Assets 2017: $3,615,5662017Assets 2018: $5,606,838Liabilities 2018: $84,048Net Assets 2018: $5,522,7902018Assets 2019: $6,541,044Liabilities 2019: $204,800Net Assets 2019: $6,336,2442019Assets 2020: $7,347,660Liabilities 2020: $217,107Net Assets 2020: $7,130,5532020Assets 2021: $8,243,393Liabilities 2021: $248,984Net Assets 2021: $7,994,4092021Assets 2022: $6,689,334Liabilities 2022: $328,839Net Assets 2022: $6,360,4952022Assets 2023: $6,683,808Liabilities 2023: $337,188Net Assets 2023: $6,346,6202023Assets 2024: $6,933,423Liabilities 2024: $164,131Net Assets 2024: $6,769,2922024

Highlighted filing

2024

Assets$6,933,423
Liabilities$164,131
Net Assets$6,769,292
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $240,4442011Expenses 2012: $229,5172012Revenue 2013: $139,165Expenses 2013: $75,929Net Income 2013: $63,2362013Revenue 2014: $576,761Expenses 2014: $184,299Net Income 2014: $392,4622014Revenue 2015: $175,051Expenses 2015: $86,093Net Income 2015: $88,9582015Revenue 2016: $104,015Expenses 2016: $23,169Net Income 2016: $80,8462016Revenue 2017: $138,193Expenses 2017: $94,238Net Income 2017: $43,9552017Revenue 2018: $2,440,990Expenses 2018: $99,897Net Income 2018: $2,341,0932018Revenue 2019: $179,504Expenses 2019: $64,142Net Income 2019: $115,3622019Revenue 2020: $190,715Expenses 2020: $39,896Net Income 2020: $150,8192020Revenue 2021: $315,067Expenses 2021: $51,819Net Income 2021: $263,2482021Revenue 2022: $222,692Expenses 2022: $457,258Net Income 2022: -$234,5662022Revenue 2023: $229,440Expenses 2023: $987,857Net Income 2023: -$758,4172023Revenue 2024: $1,013,584Expenses 2024: $1,014,359Net Income 2024: -$7752024

Highlighted filing

2024

Revenue$1,013,584
Expenses$1,014,359
Net Income-$775
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,933,423
Liabilities
$164,131
Net assets
$6,769,292
Revenue
$1,013,584
Expenses
$1,014,359
Net income
-$775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$0.16$6.77$1.01$1.01$0.00
2023Detailed filing. Detailed filing data is available for this year.$6.68$0.34$6.35$0.23$0.99$0.76
2022Detailed filing. Detailed filing data is available for this year.$6.69$0.33$6.36$0.22$0.46$0.23
2021Detailed filing. Detailed filing data is available for this year.$8.24$0.25$7.99$0.32$0.05$0.26
2020Detailed filing. Detailed filing data is available for this year.$7.35$0.22$7.13$0.19$0.04$0.15
2019Detailed filing. Detailed filing data is available for this year.$6.54$0.20$6.34$0.18$0.06$0.12
2018Detailed filing. Detailed filing data is available for this year.$5.61$0.08$5.52$2.44$0.10$2.34
2017Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.14$0.09$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.10$0.02$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.18$0.09$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.58$0.18$0.39
2013Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$0.14$0.08$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.00$3.65$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.00$3.44$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,013,584
Mission and Program Overview

Mission

Investment earnings and contributions released from restrictions are transferred to the Carmel Bach Festival in accordance with all legal and accounting stipulations.

The purpose of the Foundation is to develop, hold, manage, and distribute endowment funds for the Carmel Bach Festival, Inc. Additionally, the Foundation receives restricted contributions on behalf of the Festival.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,433,993$6,602,859▲ $168,866
Savings and Temporary Cash Investments$249,815$330,564▲ $80,749
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,683,808$6,933,423▲ $249,615
Other Assets Total-$0-
Liabilities
Other Liabilities$337,188$164,131▼ $173,057
Total Liabilities$337,188$164,131▼ $173,057
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,047,947$6,354,534▼ $693,413
Net Assets Without Donor Restrictions$-701,327$414,758▲ $1,116,085
Total Net Assets Fund Balance$6,346,620$6,769,292▲ $422,672
Total Liabilities and Net Assets / Fund Balance$6,683,808$6,933,423▲ $249,615

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,683,809$577,761▲ $656,213$950,000$6,932,296
2023$6,689,335-▲ $974,775$954,000$6,683,809
2022$8,211,516-▼ $1,144,779$350,000$6,689,335
2021$7,347,660-▲ $915,675$24,182$8,211,516
2020$6,541,044$3,101▲ $831,897$3,893$7,347,660
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Cyril YansouniPresident
John YoungVice President
Bob AxleyDirector
Jack EugsterDirector
William SharpeDirector
Nathan LutzExec. Director
Sandi BorthwickExofficio
Alan LacySecretary
Debi KennedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$577,761
Program Service Revenue
$0
Investment Income
$435,823
Other Revenue
$0
All Other Contributions
$577,761
Change in Net Assets
$-775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,014,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$988,000--$988,000
Fees for Service Investment Mgmnt Fees-$26,359-$26,359
Total Functional Expenses$988,000$26,359$0$1,014,359
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interfund liability$164,131
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 B, Line 11B

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. 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, Section B, Line 12C

“Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. 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, Section B, Line 15A

“The Foundation has no employees.”

Form 990, Part VI, Section B, Line 15B

“The Foundation has no employees.”

Form 990, Part VI, Section C, Line 19

“All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.”

Filing and Contact Details

Filer

Filer Name
Carmel Bach Festival Foundation Inc
EIN
77-0387306
Phone
8316241521
Address
PO Box 575, Carmel, CA 93921

Signing Officer

Name
Nathan Lutz
Title
Exec. Director
Phone
8316241521
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyril Yansouni
Formed
1961
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Regalia Berger & Berger Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Intercompany transactions (net) = $173057”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“All of the endowment funds classified as permanently restricted net assets, represent donor contributions that are subject to restrictions of gift instruments requiring that the principal balances be maintained in perpetuity. By law, the Foundation is permitted to transfer all interest and realized/unrealized gains to unrestricted net assets. During the year ended December 31, 2022, the Foundation utilized investment earnings generated by assets classified as permanently restricted and transferred an approved draw to the Carmel Bach Festival (a related organization).”

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Carmel Bach Foundation was established to support the Carmel Bach Festival [a 501(c)(3) public charity] by providing ongoing funding through earnings from an investment portfolio created through permanently restricted contributions from Foundation and Festival supporters.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I: Additional Information
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part I, Line 12f: Supported Org Not Named in Organizing Documents
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Carmel Bach Festival
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0All of the endowment funds classified as permanently restricted net assets, represent donor contributions that are subject to restrictions of gift instruments requiring that the principal balances be maintained in perpetuity. By law, the Foundation is permitted to transfer all interest and realized/unrealized gains to unrestricted net assets. During the year ended December 31, 2022, the Foundation utilized investment earnings generated by assets classified as permanently restricted and transferred an approved draw to the Carmel Bach Festival (a related organization).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Foundation has no employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation has no employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Intercompany transactions (net) = $173057
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Section 509(a)(2)
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Carmel Bach Festival Inc

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