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. |