2025-02-27T08:55:21-06:00 2024-06-30 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2023-07-01 237452688 AMERICAN COMPOSERS FORUM AMER 6122171315 75 FIFTH STREET WEST 416 ST PAUL MN 55102 VANESSA ROSE EXECUTIVE DIRECTOR 6122171315 2025-02-25 1 0 NEAL EVERT P00046853 9528310085 2025-02-25 2023 2025-03-06 01:10:19Z VANESSA ROSE 75 FIFTH STREET WEST 416 ST PAUL MN 55102 836485 0 X WWW.COMPOSERSFORUM.ORG X 1976 MN TO SUPPORT COMPOSERS AND DEVELOP NEW MARKETS FOR THEIR MUSIC. 17 16 14 19 0 0 1369477 577489 82118 58525 159271 200471 0 0 1610866 836485 223114 236960 0 0 953341 1098142 0 0 232341 604027 616993 1780482 1952095 -169616 -1115610 9563629 9322826 647362 609519 8916267 8713307 X ACF SUPPORTS AND ADVOCATES FOR INDIVIDUALS AND GROUPS CREATING MUSIC TODAY BY DEMONSTRATING THE VITALITY AND RELEVANCE OF THEIR ART. THE ORGANIZATION CONNECTS ARTISTS WITH COLLABORATORS, ORGANIZATIONS, AUDIENCES, AND RESOURCES. THROUGH STORYTELLING, PUBLICATIONS, RECORDINGS, HOSTED GATHERINGS, AND INDUSTRY LEADERSHIP, ACF ACTIVATES EQUITABLE OPPORTUNITIES FOR ARTISTS. ACF PROVIDES DIRECT FUNDING AND MENTORSHIP TO A BROAD AND DIVERSE FIELD OF MUSIC CREATORS, HIGHLIGHTING THOSE WHO HAVE BEEN HISTORICALLY EXCLUDED FROM PARTICIPATION. 0 0 1177871 236960 58525 ARTIST SERVICES:THE ORGANIZATION SUPPORTS AND ADVOCATES FOR MUSIC CREATORS AT MULTIPLE POINTS IN THEIR CREATIVE LIVES. THROUGH COMMISSIONS, FUNDING, RESOURCES, AND ADVANCEMENT, THE ORGANIZATION CULTIVATES A COMPOSER-CENTERED ECOSYSTEM FOR LIVING MUSIC. GRANTS PROVIDE SEED MONEY FOR THE DEVELOPMENT OF NEW WORK, UNRESTRICTED MONEY FOR MID-CAREER ARTISTS, AND COMMISSION SUPPORT. MEDIATHE ORGANIZATION IS THE HOME OF INNOVA RECORDINGS, A MUSIC LABEL THAT REPRESENTS A DIVERSE MIX OF WORK BY LIVING ARTISTS. DISTRIBUTED THROUGH NAXOS USA, THE CATALOG NUMBERS OVER 800 TITLES AND IS FREQUENTLY FEATURED ON LEADING DIGITAL PLATFORMS SUCH AS ITUNES, APPLE MUSIC AND SPOTIFY. ACF IS ALSO HOME TO MULTIMEDIA HUB I CARE IF YOU LISTEN, WHICH PRESENTS A BLEND OF MUSIC CRITICISM, ARTIST PROFILES, ESSAYS, AND PLAYLISTS, AND ATTRACTS 18,000 MONTHLY PAGE VIEWS. ARTIST EQUITYGUIDED BY THE PUBLISHED "COMMITMENT TO RACIAL EQUITY," ACF HAS BEEN PURSUING FIVE-YEAR GOALS TO ACHIEVE GREATER RACIAL EQUITY ACROSS THE ORGANIZATION. WITHIN THE RACIAL EQUITY FRAMEWORK, ADDITIONAL INEQUITIES ARE ADDRESSED, INCLUDING BUT NOT LIMITED TO: GENDER, SEXUAL ORIENTATION, SOCIO-ECONOMIC STATUS, AND ABILITIES. PARTNERSHIPS AND PROGRAMS THAT BRING GREATER AWARENESS TO THESE INEQUITIES - AND MEANINGFUL OPPORTUNITIES TO ENGAGE WITH DIVERSE LIVING ARTISTS - CONTRIBUTE TO ADVANCING THE WORK IN THE FIELD. 1177871 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 115 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X VANESSA ROSE 6122171315 75 WEST 5TH STREET SUITE 416 SAINT PAUL MN 55102 CAROL ANN CHEUNG SECRETARY 0.50 X X 0 0 0 DOUGLAS KEARNEY DIRECTOR 0.50 X 0 0 0 GAO HONG DIRECTOR 0.50 X 0 0 0 ISAAC THOMPSON DIRECTOR 0.50 X 0 0 0 KOVEN SMITH DIRECTOR 0.50 X 0 0 0 LUTHER RANHEIM DIRECTOR 0.50 X 0 0 0 MATEUSZ TROICKI DIRECTOR 0.50 X 0 0 0 NANCY HUART DIRECTOR 0.50 X 0 0 0 NIRMALA RAJASEKAR CO-CHAIR 0.50 X X 0 0 0 PATRICK CASTILLO DIRECTOR 0.50 X 0 0 0 SCOTT LEGERE VICE CHAIR 0.50 X X 0 0 0 VANESSA ROSE EXECUTIVE DIRECTOR 60.00 X X 130171 0 16570 KATHRINE HANDFORD DIRECTOR 0.50 X 0 0 0 LEE BYNUM CO-CHAIR 0.50 X X 0 0 0 DIANA SCHUTTER TREASURER 0.50 X X 0 0 0 DERRICK SKYE DIRECTOR 0.50 X 0 0 0 SARAH WILLIAMS DIRECTOR 0.50 X 0 0 0 PETER COLIN DIRECTOR 0.50 X 0 0 0 LOKI KARUNA DIRECTOR 0.50 X 0 0 0 KEVIN KWAN LOUCKS DIRECTOR 0.50 X 0 0 0 130171 0 16570 1 0 0 0 0 125645 451844 577489 PROGRAM SERVICE FEES 513140 58525 58525 58525 200471 200471 836485 58525 0 200471 X 236960 236960 146741 81680 38177 26884 798903 444692 207847 146364 74068 41229 19270 13569 78430 43656 20405 14369 89085 89085 305324 166746 131467 7111 2175 2175 3055 2743 63 249 37209 21240 10318 5651 50832 37413 5977 7442 11205 3917 2894 4394 1349 770 374 205 7912 7912 PANEL HONORARIUM 29880 29880 RECORDING PRODUCTION 26292 26292 RIGHTS 16522 15990 532 SUPPLIES AND EQUIPMENT 11555 7493 2298 1764 24598 17170 3089 4339 1952095 1177871 541883 232341 206759 110992 533735 263292 618769 411960 13763 19309 318 400 56622 58406 4897 2497 140424 139434 2339 990 8126427 8454980 9563629 9322826 39338 12266 215853 227853 392171 369400 647362 609519 X 1284755 853561 7631512 7859746 8916267 8713307 9563629 9322826 -1115610 912650 0 X 0 1 X 1 0 X 1462137 602903 1056799 1369477 577489 5068805 1462137 602903 1056799 1369477 577489 5068805 1896962 3171843 279160 312792 296799 159271 200471 1248493 6317298 565093 0.50210 0.52390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6318937 9294 949134 287154 6990211 5910218 3000 688377 282658 6318937 7199293 3150 -964725 327500 5910218 6005005 3000 1505188 313900 7199293 6145371 3000 174992 318358 6005005 0 0 140424 139434 990 990 FUNDS HELD FOR OTHERS 369400 369400 X 1749135 912650 912650 836485 0 836485 1952095 0 1952095 0 1952095 PART X, LINE 2: THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATIONS POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE ORGANIZATION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990). 1 COMPOSER FEES 236960 FORM 990, PART VI, SECTION A, LINE 1A LINE 1A EXPLANATION - THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF DIRECTORS, AND ALL OTHER OFFICERS OF THE CORPORATION. AT LEAST ONE MEMBER OF THE COMMITTEE MUST BE A COMPOSER. THIS COMMITTEE HAS THE FULL AUTHORITY TO ACT FOR THE BOARD IN MANAGING THE AFFAIRS OF THE CORPORATION DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND SHALL REPORT ITS ACTIONS TO THE BOARD. THE GOVERNANCE COMMITTEE CONSISTS OF AT LEAST ONE COMPOSER, AT LEAST ONE NON-COMPOSER, THE PRESIDENT AND EXECUTIVE DIRECTOR AND ANY OTHER INDIVIDUALS APPOINTED THERETO BY THE CHAIR OF THE BOARD OF DIRECTORS IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR A) IDENTIFYING PROSPECTIVE DIRECTORS OF THE CORPORATION, ASSESSING THEIR CREDENTIALS, AND FORMALLY NOMINATING THEM FOR ELECTION BY THE BOARD, B)NOMINATING OFFICERS FOR ELECTION BY THE BOARD AT ITS ANNUAL MEETING C) ESTABLISHING CRITERIA FOR BOARD MEMBERS' PERFORMANCE AND EVALUATING THEIR PERFORMANCE ON THE BASIS OF THOSE CRITERIA AND PERIODICALLY REVIEWING THE STRUCTURES AND MECHANISMS OF THE CORPORATION'S GOVERNANCE, INCLUDING THOSE BYLAWS AND PROPOSING REVISIONS OF AND ADDITIONS TO THOSE STRUCTURES AND MECHANISMS TO THE BOARD FOR ITS CONSIDERATION AND ADOPTION. FORM 990, PART VI, SECTION A, LINE 3 ACCOUNTING SERVICES WERE OUTSOURCED TO A FIRM FOR PART OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS PRESENTED TO MANAGEMENT, THE FINANCE COMMITTEE OF THE BOARD AND FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH OFFICER, EMPLOYEE AND MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO REVIEW THE FORUM'S CONFLICT OF INTEREST POLICY AND TO COMPLETE A DISCLOSURE FORM. THIS INFORMATION IS MONITORED BY THE EXECUTIVE DIRECTOR. THE CHAIR OF THE BOARD OF DIRECTORS, AND THE CHAIR OF THE GOVERNANCE COMMITTEE. ANY RELEVANT CONFLICTS ARE DISCLOSED PRIOR TO BOARD CONSIDERATION OF A CONTRACT OR TRANSACTION, AND THE PERSON WITH THE CONFLICT IS NOT ALLOWED TO PARTICIPATE IN DISCUSSION, EXERT PERSONAL INFLUENCE, OR VOTE ON THE ISSUE. MATTERS REGARDING CONFLICTS ARE DOCUMENTED IN THE MINUTES OF THE MEETING OR IN A SEPARATE MEMORANDUM FILED WITH THE ORIGINAL MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 IN COMPLIANCE WITH INTERNAL REVENUE SERVICE GUIDELINES FOR APPROVAL OF SENIOR MANAGEMENT COMPENSATION, THE AMERICAN COMPOSERS FORUM (ACF) BOARD OF DIRECTORS OR A DELEGATED COMMITTEE OF THE BOARD (REFERRED TO AS THE APPROVAL BODY BELOW) WILL USE THE FOLLOWING PROCESS AND GUIDELINES TO REVIEW AND APPROVE SENIOR MANAGEMENT COMPENSATION: 1. COVERED INDIVIDUALS. A WRITTEN LIST OF SENIOR MANAGEMENT POSITIONS COVERED BY THIS POLICY (COVERED INDIVIDUALS) WILL BE MAINTAINED BY THE APPROVAL BODY. 2. IMPARTIAL DECISION MAKERS. THE COMPENSATION ARRANGEMENT MUST BE APPROVED IN ADVANCE (BEFORE ANY PAYMENT OR COMMITMENT IS MADE) BY THE APPROVAL BODY OF ACF, COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT (EXAMPLE: NEITHER THE EXECUTIVE WHOSE COMPENSATION IS BEING DETERMINED NOR ANY OF HIS/HER FAMILY MEMBERS MAY BE PRESENT DURING THE DISCUSSION/DEBATE OR PARTICIPATE IN THE VOTE). 3. COMPARABILITY DATA. WHEN THE APPROVAL BODY IS CONSIDERING COMPENSATION TO THE COVERED INDIVIDUALS, IT MUST RELY ON COMPARABILITY DATA THAT SUPPORT THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. FOR EXAMPLE, WHEN CRAFTING COMPENSATION PACKAGES, THE APPROVAL BODY MUST SECURE DATA THAT DOCUMENT COMPENSATION LEVELS FOR SIMILARLY QUALIFIED INDIVIDUALS IN LIKE POSITIONS AT LIKE ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: A) EXPERT COMPENSATION STUDIES BY INDEPENDENT FIRMS; B) WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; C) DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS; AND D) INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. 4. CONCURRENT DOCUMENTATION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED. TO QUALIFY AS CONCURRENT DOCUMENTATION, WRITTEN OR ELECTRONIC RECORDS OF THE APPROVAL BODY (SUCH AS MEETING MINUTES) MUST NOTE: A) THE TERMS OF THE COMPENSATION AND THE DATE IT WAS APPROVED; B) THE MEMBERS OF THE APPROVAL BODY WHO WERE PRESENT DURING THE DELIBERATIONS ON THE COMEPNSATION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; C) THE COMPARABILITY DATA OBTAINED AND RELIED UPON AND HOW THE DATA WERE OBTAINED; AND D) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE APPROVAL BODY BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2021 FOR RENEWAL OF THE EXECUTIVE DIRECTOR'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE FORUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO PUBLIC. THE FORUM'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT THE OFFICE OF THE MINNESOTA ATTORNEY GENERAL. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 166,746. MANAGEMENT AND GENERAL EXPENSES 131,467. FUNDRAISING EXPENSES 7,111. TOTAL EXPENSES 305,324.