2013-08-08T10:08:54-07:00 2012-12-31 Regalia & Associates CPAs 103 Town Country Dr Ste K Danville CA 94526 990 2012-01-01 770387306 Carmel Bach Festival Foundation Inc CARM 8316241521 PO Box 575 Carmel CA 93921 Debbie Chinn 2013-08-08 true Douglas W Regalia P00186389 9253140390 2012 2016-02-24 21:20:13Z Debbie Chinn PO Box 575 Carmel CA 93921 176103 false false X www.bachfestival.org X 1961 CA 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. 11 11 0 0 11875 63253 0 283925 112850 0 295800 176103 0 0 0 0 0 240444 229517 240444 229517 55356 -53414 3442530 3645327 94 0 3442436 3645327 Investment earnings and contributions released from restrictions are transferred to the Carmel Bach Festival in accordance with all legal and accounting stipulations. false false 153136 EXPENDITURES REPRESENT FUNDS RELEASED FROM RESTRICTIONS IN ACCORDANCE WITH APPLICABLE ACCOUNTING STANDARDS. INTEREST, DIVIDENDS AND GAINS FROM INVESTMENTS ARE DISBURSED TO THE CCARMEL BACH FESTIVAL FOR THE PURPOSE OF SUPPLEMENTING THE OPERATING ACTIVITIES OF THE FESTIVAL. 153136 true false false false false false false false false true 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 false false false false false false false false true false false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false CA X X Elizabeth Pasquinelli 8316241521 PO Box 575 Carmel CA 93921 X Betsey Pearson 1.00 0.00 X 0 0 0 Jim Seff 1.00 0.00 X X 0 0 0 Dave Nee 1.00 0.00 X 0 0 0 Stan Meresman 1.00 0.00 X 0 0 0 Don Mayol 1.00 0.00 X 0 0 0 Matt Little 1.00 0.00 X 0 0 0 Howard Fisher 1.00 0.00 X X 0 0 0 Lyn Evans 1.00 0.00 X X 0 0 0 Mary Kay Crockett 1.00 0.00 X 0 0 0 Cyril Yansouni 1.00 0.00 X X 0 0 0 Debbie Chinn 1.00 0.00 X 0 0 0 0 false false false 0 63253 63253 0 112850 112850 0 0 0 0 0 0 0 0 176103 112850 0 0 0 0 0 0 0 0 0 0 0 184 184 10500 10500 0 0 0 0 0 0 0 0 0 0 0 0 0 152000 152000 0 0 Financial Service Charges 54 54 Miscellaneous 1308 1136 172 Financial Advisor Fees 18199 18199 Endowment Management Fees 47241 47241 31 31 229517 153136 76381 0 0 265984 249069 0 50736 39300 0 0 0 0 0 0 0 3125810 3356958 0 0 0 3442530 3645327 94 94 0 X -214075 -173611 430059 580611 3226452 3238327 3442436 3645327 3442530 3645327 X -53414 27697 228608 X false false false X X X false false false Carmel Bach Festival 941434628 9 true true true 152000 1 152000 3442437 272406 82484 152000 3645327 3858019 11875 -187015 221817 18625 3442437 3539406 105509 584089 353642 17343 3858019 2793609 70410 876874 182971 18516 3539406 3990885 73405 -1005524 198000 67157 2793609 0.04340 0.88840 0.06820 false false false 3356958 176103 176103 176103 229517 229517 229517 Part V, Line 4 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 years ended December 31, 2012 and 2011, 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). Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Temp Restricted Net Assets Released = $228344 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Change in present value of receivables = $264 Form 990, Part VI, Line 19 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 CARMEL, CALIFORNIA (FOR A PHYSICAL INSPECTION). Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Foundation has no employees. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation has no employees. Form 990, Part VI, Line 12c 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. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY (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 11b 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, TREASURER, AND THE DIRECTOR OF FINANCE AND OPERATIONS. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT SIGNS AND MAILS THE RETURN TO THE DEPARTMENT OF THE TREASURY. Carmel Bach Festival Foundation Inc PO Box 575 Carmel CA 93921 770387306 Foundation [supporting org] CA 501c3 Carmel Bach Festival Inc false false false false false false false false false false false false false false true true false false true false Carmel Bach Festival Foundation Inc r 152000 Investment Draw