2025-06-09T14:47:21-04:00 2023-09-30 990EZ 2022-10-01 320688257 CULTURAL BRIDGES MUSIC GROUP INC CULT 2578 BROADWAY NO 543 NEW YORK NY 100255642 NICHOLAS BELASCO INTERIM PRESIDE 4842544997 2024-08-15 2022 2025-03-06 01:10:19Z X X X X X 206 X 105 17 84 206 3949 4702 8651 -8445 -8474 911 -16008 X 2263 2193 0 0 0 169 2263 2362 10737 18370 -8474 -16008 X SEE SCH O SEE SCH. O 3865 3865 NICHOLAS BELASCO INT PRESIDENT SECRETARY TREAS 30.00 0 0 0 DAN FUJITA DIRECTOR CHAIR 2.00 0 0 0 false false false false false false true 18163 false false NICHOLAS BELASCO 2578 BROADWAY NO 543 NEW YORK NY 100255642 4842544997 true BE false false false false false false false false false false NONE NONE true X 556 105 661 556 105 661 661 17 17 17 17 84 84 0 0 556 206 762 X Other income Part II line 10 or Part III line 12 FOREIGN CURRENCY GAIN: 84 NICHOLAS BELASCO DIRECTOR OFFICER STARTUP EXPENSES X 18163 18163 false true true 18163 Supplemental Information for Schedule L SCHEDULE L, PART II, LOANS TO AND/OR FROM INTERESTED PERSONS:A COMPANY, IN WHICH DIRECTOR/OFFICER NICHOLAS BELASCO HOLDS A GREATER-THAN-35% INTEREST, HAS GRANTED THE ORGANIZATION A CREDIT FACILITY FOR THE PURPOSE OF FUNDING THE ORGANIZATIONS STARTUP PERIOD BY RELENDING AT COST FROM ITS OWN SECURED CREDIT FACILITY FROM AN UNRELATED CREDITOR. ANY INTEREST EXPENSE INCURRED BY THE ORGANIZATION IS A DIRECT REIMBURSEMENT OF THE ACTUAL INTEREST EXPENSE CHARGED TO THE COMPANY BY THE UNRELATED CREDITOR. Description of other revenue Part I line 8 Description AmountFOREIGN CURRENCY GAIN 84 Description of other expenses Part I line 16 Description AmountBANK FEES 30FOREIGN CURRENCY LOSS 1,000GOVERNMENT FEES 262INFORMATION TECHNOLOGY 455INTEREST EXPENSE 799OFFICE EXPENSES 1,263TAXES (FOREIGN & FRANCHISE) 670TRAVEL 223 Other changes in net assets or fund balances Part I line 20 Description AmountFX TRANSLATION ADJUSTMENT 911 Description of other assets Part II line 24 Category Beginning of Year End of YearV.A.T. REFUND RECEIVABLE 0 90PREPAID EXPENSES 0 79 Description of total liabilities Part II line 26 Category Beginning of Year End of YearADVANCED STARTUP EXPENSES 10,712 18,163GOVT. FEES PAYABLE 25 25FOREIGN TAXES PAYABLE 0 182 Part III response or note to any other line in Part III DESCRIPTION OF THE ORGANIZATIONS MISSION:TO EXTEND THE REACH OF CLASSICAL MUSIC AND ALIGNED ARTFORMS AND TO PRESERVE AND ENHANCE THEIR CULTURAL LEGACY BY PRESENTING INSPIRING AND UNIQUE CONCERTS AND ARTISTS. PART III, LINE 28:THE ORGANIZATION WILL PRODUCE AND PRESENT 1) PIANO RECITALS AND OTHER CONCERTS OF CHAMBER AND VOCAL MUSIC AND 2) MUTLIFACTED MUSICAL SPECTACLES THAT ARE ACCESSIBLE TO A BROAD PUBLIC AND ARE OFTEN BASED ON A RECOGNIZABLE THEME AND INCORPORATE OTHER FORMS OF ART AND MEDIA. REGARDING THE FIRST TYPE OF MUSICAL EXHIBITIONS, THE ORGANIZATION WILL SEEK TO STIMULATE THE PUBLICS INTEREST BY OFFERING A GREATER RANGE OF ARTISTIC AND INTERPRETIVE VIEWPOINTS THAN IS CURRENTLY AVAILABLE TO THE PUBLIC. IN ORDER TO ENABLE THE PUBLIC TO BE EXPOSED TO A BROAD SPECTRUM OF ARTISTIC PERSPECTIVES AND INTERPRETATIONS, THE ORGANIZATION WILL STRIVE TO PRESENT ARTISTS WITH SPECIAL QUALITIES THAT WILL BE REWARDING FOR THE PUBLIC. REGARDING THE SECOND TYPE, THE ORGANIZATION INTENDS TO CREATE ENGAGING EXPERIENCES BOTH FOR THE REGULAR CONCERT-GOING PUBLIC AS WELL AS FOR MEMBERS OF THE PUBLIC WHO DO NOT REGULARLY ATTEND CLASSICAL MUSIC CONCERTS. DURING FY 2023, THE ORGANIZATION CARRIED OUT PREPARATORY WORK FOR THESE ACTIVITIES. THE ORGANIZATION WAS FOUNDED IN MARCH 2022. IT SUBMITTED FORM 1023 IN JUNE 2024, WITHIN 27 MONTHS OF ITS FOUNDING, AND THUS, UPON APPROVAL OF ITS FORM 1023, WAS CONSIDERED TO HAVE BEEN AN EXEMPT ORGANIZATION FROM ITS INCEPTION. BEFORE SUBMITTING FORM 1023, THE ORGANIZATION FILED A FORM 990 FOR ITS FIRST TAX YEAR ENDED 9/30/2022. THIS RETURN WAS FILED WITH THE PENDING BOX CHECKED AND WAS ACCEPTED BY THE IRS. ON JANUARY 25, 2024, THE ORGANIZATION ELECTRONICALLY FILED FORM 8868 FOR AN AUTOMATIC EXTENSION OF TIME UNTIL 8/15/2024, TO FILE FORM 990 FOR ITS SECOND TAX YEAR ENDED 9/30/2023. THIS FORM 8868 WAS ACCEPTED BY THE IRS. ALTHOUGH FORM 1023 WAS SUBMITTED IN JUNE 2024, IT STILL HAD NOT BEEN REVIEWED OR APPROVED BEFORE THE 2023 990S AUTOMATICALLY EXTENDED DEADLINE OF 8/15/2024. THEREFORE, IN AUGUST 2024, THE ORGANIZATION ATTEMPTED TO FILE THE 2023 FORM 990 WITH THE PENDING BOX CHECKED. HOWEVER, THE E-FILE SYSTEM CONTINUED TO REJECT THE SUBMISSION, GIVING THE ERROR F990-902-01 WITH THE MESSAGE: THE EIN OF THE FILER IN THE RETURN HEADER MUST BE ESTABLISHED IN THE EXEMPT ORGANIZATION DATABASE. AS A RESULT OF THIS LIMITATION OF THE E-FILE SYSTEM AND THE E-FILING REQUIREMENT, IT WAS TECHNICALLY IMPOSSIBLE TO FILE THE 2023 FORM 990 BY THE EXTENDED DEADLINE AND IT ONLY BECAME TECHNICALLY POSSIBLE AFTER THE ORGANIZATIONS ESTABLISHMENT IN THE EXEMPT ORGANIZATION DATABASE. THIS OCCURRED SOMETIME IN 2025. HOWEVER, THE ORGANIZATION DID NOT RECEIVE AN EXEMPTION LETTER AND ONLY FOUND OUT ABOUT THE APPROVAL SOME MONTHS LATER WHEN THE ORGANIZATION BEGAN APPEARING IN PUB. 78 DATA ON THE IRS WEBSITE. AFTER FINDING OUT THAT ITS FORM 1023 HAD BEEN APPROVED, THE ORGANIZATION BRIEFLY REVIEWED AGAIN ITS BOOKS AND FORM 990 FOR THE 2023 TAX YEAR BEFORE MAKING THE CURRENT SUBMISSION.