2023-08-04T14:29:23-04:00 2023-03-31 823840465 UMBREIT WILECZEK & ASSOCIATES PC 712 E BALTIMORE PIKE KENNETT SQUARE PA 19348 990 2022-04-01 133091610 THE BROUDE TRUST FOR THE PUBLICATION OF MUSICOLOGICAL EDITIO BROU 6103881740 COCF PETERS CORP 520 EIGHTH AV 2005 NEW YORK NY 10018 RONALD BROUDE TRUSTEE 6103881740 2023-08-03 true RONALD BROUDE 999009999 false TIMOTHY D UMBREIT CPA P00361088 6104443222 2023-08-03 2022 2023-04-26 12:10:37Z X RONALD BROUDE 88 CROSSLANDS DRIVE KENNETT SQUARE PA 19348 14902 false X X 1983 NY PREPARATION AND PUBLICATION OF SCHOLARLY EDITIONS OF MUSIC FOR USE BY PERFORMERS AND MUSIC HISTORIANS X 1 1 0 0 0 0 0 14113 4920 14113 4920 336207 0 0 0 0 31035 46212 31035 382419 -16922 -377499 382499 5000 0 382499 5000 X PUBLICATION OF SCHOLARLY EDITIONS OF MUSIC FOR USE BY RESEARCHERS AND PERFORMERS true true 116268 116268 GIFT OF CASH TO THE AMERICAN MUSICOLOGICAL SOCIETY INC IN ANTICIPATION OF THE TRUST'S CEASING ITS ACTIVITIES AND BEING DISSOLVED. PART OF THESE FUNDS WILL BE USED, AS A CONDITION OF THE GIFT 1) TO PLACE THE TRUST'S EDITIONS ONLINE FOR USE BY THE SOCIETY'S MEMBERS 2) TO COMPLETE PROJECTS IN PROCESS AT THE TIME OF THE GIFT SEE SCHEDULES "N- AND "O" ATTACHED. 219939 219939 VALUE OF COPIES OF THE TRUST'S PUBLICATIONS GIVEN TO THE AMERICAN MUSICOLOGICAL SOCIETY INC IN ANTICIPATION OF THE TRUST'S CEASING OPERATIONS AND BEING DISSOLVED. THE VALUE OF THE COPIES IS THE VALUE AT WHICH THEY HAVE BEEN CARRIED ON THE TRUST'S BOOKS. THE SOCIETY WILL CONITUE TO SELL COPIES OF TRUST PUBLICATIONS AND WILL DEVOTE A PORTION OF THE PROCEEDS TO COMPLETING THE TRUST PROJECTS IN PROGRESS AT THE TIME OF THE GIFT AND TO PLACING THE TRUST EDITIONS ONLINE. 25172 VALUE OF COPIES OF TRUST PUBLICATIONS(AS CARRIED ON THE TRUST'S BOOKS) DESTROYED IN ORDER TO REDUCE STORAGE CHARGES. THE COPIES DESTROYED WERE DEEMED ON THE BASIS OF THEIR SALES HISTORIES UNLIKELY TO BE SOLD WITHIN TEN YEARS. 13566 MISC EXPENSES 13566 374945 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 true false false false false false false false true false false false false false true false true false false false false 0 0 false 0 false false false false false false false false X 1 1 false false false false false false false false false false false false false false false false false false NY X RONALD BROUDE 6103881740 88 CROSSLANDS DRIVE KENNETT SQUARE PA 19348 X RONALD BROUDE TRUSTEE 10.00 X 0 0 0 CHRISTOPH WOLFF CO-TRUSTEE X 0 0 0 false false false 14902 9982 4920 4920 4920 4920 336207 336207 1750 1750 525 525 1500 1500 1987 1987 4620 4620 VALUE OF COPIES 25172 25172 POSTAGE & TRUCKING 4021 4021 COMMISSION FOR DISTRIBUTO 3726 3726 SCANNING FOR DIGITIZATION 2332 2332 579 579 382419 374945 7474 0 113878 5000 13528 255093 382499 5000 0 0 X 5000 5000 377499 382499 5000 382499 5000 -377499 X false false false X 38113 23827 23553 50599 14902 150994 38113 23827 23553 50599 14902 150994 150994 38113 23827 23553 50599 14902 150994 1.00000 0.74610 0.00000 0.00000 X false AMERICAN MUSICOLOGICAL SOCIETY INC 20 COOPER SQUARE 2ND FLOOR NEW YORK NY 10003 231577392 116268 BOOK VALUE MUSIC PUBLICAT AMERICAN MUSICOLOGICAL SOCIETY INC 20 COOPER SQUARE 2ND FLOOR NEW YORK NY 10003 231577392 219939 BOOK VALUE MUSIC PUBLICATI SCHEDULE I, PAGE 4, PART IV THE BROUDE TRUST FOR THE PUBLICATION OF MUSICOLOGICAL EDITIONS WAS ESTABLISHED FOR THE PURPOSE OF MAKING AVAILABLE SCHOLARLY EDITIONS OF A QUALITY NOT POSSIBLE UNDER THE NORMAL CONDITIONS OF COMMERCIAL PUBLISHING. IN ITS FORTY YEARS, THE TRUST HAS BUILT A RESPECTED CATALOGUE OF MORE THAN A HUNDRED PUBLICATIONS. THE TRUSTEE AND CO-TRUSTEE, ADVANCING IN YEARS AND SEEKING TO PRESERVE THEIR OWN WORK OF AND THE WORK OF THE EDITORS WHO HAVE PREPARED THE TRUST'S EDITIONS, CONCLUDED THAT THE BEST MEANS FOR DOING SO WOULD BE TO DONATE THE TRUST'S ASSETS TO AN ORGANIZATION WITH A COMMITMENT TO MUSICOLOGY CONSISTENT WITH THEIR OWN. THE 3,400-MEMBER AMERICAN MUSICOLOGICAL SOCIETY (THE AMS)IS CLEARLY SUCH AN ORGANIZATION. THE TRUSTEES HAVE MADE THE GIFT CONDITIONAL UPON THE AGREEMENT OF THE AMS TO MAKE TRUST PUBLICATIONS ACCESSIBLE TO PERFORMERS1 RESEARCHERS, AND STUDENTS BY AMONG OTHER POLICIES PUTTING DIGITAL FORMS OF THEM ONLINE FOR AMS MEMBERS AND FUNDING COMPLETION OF TRUST PUBLICATIONS THAT WERE IN ADVANCED STAGES OF PREPARATION AS OF THE DATE OF THE GIFT. CHRISTOPH WOLFF TRUSTEE 282 ROYALTIES false SCHEDULE L, PART V CHRISTOPH WOLFF IS CO-TRUSTEE OF THE BROUDE TRUST. HE RECEIVES NO PAYMENT FOR HIS SERVICES AS CO-TRUSTEE, NOR IS HE REIMBURSED FOR ANY EXPENSES HE MAY INCUR AS CO-TRUSTEE. HOWEVER, CHRISTOPH WOLFF ALSO SERVES AS AN EDITOR AND A GENERAL EDITOR OF VOLUMES IN THE TRUST'S EDITION OF THE WORKS OF DIETERICH BUXTEHUDE, AND AS SUCH HE RECEIVES ROYALTIES IN CONNECTION WITH THE SALES OF THOSE VOLUMES (AND ONLY THOSE VOLUMES) FOR WHICH HE HAS SERVED EITHER AS EDITOR OR AS GENERAL EDITOR. THESE ROYALTIES ARE PAID AT THE SAME RATES AS THE ROYALTIES PAID TO OTHER EDITORS AND TO THE OTHER GENERAL EDITOR FOR SALES OF VOLUMES OF THE BUXTEHUDE EDITION ON WHICH THEY HAVE WORKED; THEY ARE PAID EACH YEAR FOR COPIES OF VOLUMES SOLD THE PREVIOUS YEAR. FOR SALES OF VOLUMES SOLD DURING THE YEAR HAVING ENDED MARCH 31, 2021, CHRISTOPH WOLFF RECEIVED FROM THE TRUST ROYALITES IN THE AMOUNT OF 282.00. PRINTED MUSIC 2023-01-01 219935 PART III 231577392 AMERICAN MUSICOLOGICAL SOCIETY INC 20 COOPER SQUARE 2ND FLOOR NEW YORK NY 10003 501 (C) 3 CASH 2023-02-13 100000 PART III 231577392 AMERICAN MUSICOLOGICAL SOCIETY INC 20 COOPER SQUARE 2ND FLOORD NEW YORK NY 10003 CASH 2023-03-28 16268 PART III 231577392 AMERICAN MUSICOLOGICAL SOCIETY 20 COOPER SQUARE NEW YORK NY 10003 PRINTED MUSIC 2022-08-31 25172 PART III DESTROYED false false false false SCHEDULE N BY A GIFT AGREEMENT DATED 28 DECEMBER 2022, THE TRUSTEE AND CO-TRUSTEE OF THE BROUDE TRUST MADE A GIFT OF ALL OF T E TRUST'S ASSETS EXCEPT FOR 5000.00 TO THE AMERICAN MUSICOLOGICAL SOCIETY INC. (THE AMS), THE PROFESSIONAL SOCIETY OF NORTH AMERICAN MUSICOLOGISTS. THE AMS HAS 3,400 MEMBERS AND IS CERTIFIED BY THE IRS AS A 501( C)(3) ORGANIZATION. IN FULFILLMENT OF THE CONDITIONS OF THE GIFT AGREEMENT, THE TRUSTEES HAVE TRANSFERRED TO THE AMS A TOTAL OF 116,268.00 IN CASH AND PHYSICAL INVENTORY OF PUBLICATIONS HAVING A VALUE OF 219,939.00 AS CARRIED ON THE TRUST'S BOOKS. THE VALUE OF EACH COPY OF EACH PUBLICATION (THE UNIT COST) HAS BEEN ESTABLISHED BY DIVIDING THE TOTAL COST OF THE PUBLICATION (I.E., THE SUM OF THE COSTS OF ALL MATERIALS AND PROCESSES) BY THE NUMBER OF COPIES THAT ENTERED THE TRUST'S INVENTORY AT THE TIME OF PUBLICATION. THE UNIT PRICE THUS ESTABLISHED FOR COPIES OF EACH PUBLICATION IS THE UNIT PRICE AT WHICH COPIES OF THAT PUBLICATION HAVE BEEN CARRIED ON THE TRUST'S BOOKS EVER SINCE; THE VALUE OF COPIES HAS NEVER BEEN DEPRECIATED OR ADJUSTED IN AN EFFORT TO REFLECT CURRENT MARKET VALUE. THE VALUE OF THE GIFT IS THE SUM OF THE VALUES OF THE COPIES OF EACH PUBLICATION BEING GIVEN TO THE AMS. AS OF 31 MARCH 2023, THE TRUSTEES RETAINED ONLY THE SUM OF 5000.00, WHICH BY THE TERMS OF THE GIFT AGREEMENT, WILL BE USED TO DEFRAY THE COSTS OF DISSOLVING THE TRUST, WITH ANY SUMS REMAINING AFTER ALL DISSOLUTION COSTS HAVE BEEN MET TO BE REMITTED TO AMS. AS A CONDITION FOR ACCEPTING THE GIFT, THE AMS REQUIRED THAT THE C.F. PETERS CORPORATION, WHICH HAD BEEN PROVIDING DISTRIBUTION SERVICES TO THE TRUST, WOULD PROVIDE SIMILAR SERVICES FOR THE AMS. BECAUSE THE DISTRIBUTION AGREEMENT THAT THE AMS SIGNED WITH PETERS REQUIRED THE AMS TO PAY FOR STORAGE FOR A PORTION OF ITS INVENTORY, THE TRUST (AFTER CONSULTATION WITH THE AMS AND PETERS) INSTRUCTED PETERS TO DESTROY ALL COPIES OF TRUST PUBLICATIONS THAT THE PARTIES AGREED WERE NOT LIKELY TO BE SOLD WITHIN TEN YEARS; THIS WAS DONE IN AUGUST OF 2022; THE VALUE OF THE COPIES DESTROYED WAS 25,172.00 (THE VALUE OF COPIES DESTROYED IS THE SUM OF THE UNIT PRICES OF THE COPIES DESTROYED CALCULATED AS DESCRIBED IN THE PRECEDING PARAGRAPH. FORM 990, PAGE 2, PART III, LINE 2 GENERAL NARRATIVE: THE BROUDE TRUST FOR THE PUBLICATION OF MUSICOLOGICAL EDITIONS WAS ESTABLISHED FOR THE PURPOSE OF MAKING AVAILABLE SCHOLARLY EDITIONS OF A QUALITY NOT POSSIBLE UNDER THE NORMAL CONDITIONS OF COMMERCIAL PUBLISHING. THE PREPARATION OF THESE EDITIONS REQUIRES EXPERTISE AND ENTAILS EXTENSIVE RESEARCH AND EDITORIAL WORK, AND MUCH OF THE MUSIC THAT THESE EDITIONS PRESENT FROM THE FIFTEENTH, SIXTEENTH, SEVENTEENTH, EIGHTEENTH, AND NINETEENTH CENTURIES) DOES NOT COMMAND A MARKET LARGE ENOUGH TO WARRANT PUBLICATION ON PURELY ECONOMIC GROUNDS. THE INCOME OF TRUST PUBLICATIONS HAS COME ALMOST ENTIRELY FROM SALES OF THE PUBLICATIONS THAT IT WAS FOUNDED TO PRODUCE AND FOR WHICH IT WAS GRANTED TAX-EXEMPT STATUS. THE TRUST HAS NOT SOLICITED CONTRIBUTIONS, ALTHOUGH IT DOES OCCASIONALLY RECEIVE AN UNSOLICITED CASH GIFT FROM SOMEONE WHO WISHES TO SUPPORT ITS ACTIVITIES; THE TRUST RECEIVED NO SUCH GIFTS FOR THE PERIOD COVERED BY THIS RETURN. FORM 990, PART VI, SECTIONS A AND B: THE TRUST IS A SMALL ORGANIZATION, AND ITS BUSINESS IS CONDUCTED BY A SINGLE TRUSTEE, RONALD BROUDE, WHO DEVOTES TO ITS ACTIVITIES AN AVERAGE OF 20 HOURS PER WEEK, MOSTLY TO EDITORIAL MATTERS; HE IS NOT PAID FOR THESE SERVICES, NOR IS HE REIMBURSED BY THE TRUST FOR ANY EXPENSES HE MAY INCUR. THERE IS A CO-TRUSTEE, CHRISTOPH WOLFF, WHO, WHEN.REQUESTED, PROVIDES ADVICE, AND WH0 WOULD STEP IN TO MANAGE A TRANSITION SHOULD THE TRUSTEE DIE OR BECOME INCAPACITATED; THE CO-TRUSTEE IS NOT PAID FOR HIS SERVICES AS CO-TRUSTEE, NOR IS HE REIMBURSED BY THE TRUST FOR ANY EXPENSES HE MAY INCUR IN RENDERING THESE SERVICES. THE CO-TRUSTEE HAS NO FORMAL VOTING RIGHTS, ALTHOUGH HIS ADVICE IS REGULARLY SOUGHT. THERE IS NO BOARD OF DIRECTORS OR SIMILAR BODY OVERSEEING THE TRUSTEE'S MANAGEMENT, NOR DOES THE TRUST HAVE ANY. MEMBERS OR SHAREHOLDERS. QUESTIONS RELATING TO OVERSIGHT OF THE TRUSTEE'S MANAGEMENT (FORM 990, PART VI, SECTION A) AND QUESTIONS REGARDING GOVERNING POLICIES (FORM 990, PART VI, SECTION B) ARE THEREFORE NOT APPLICABLE. THE TRUST HAS PUBLISHED EDITIONS PREPARED BY MUSICOLOGISTS WHO ARE MOSTLY FACULTY MEMBERS, CURRENT OR RETIRED, AT COLLEGES OR UNIVERSITIES. MOST OF THESE MUSICOLOGISTS RECEIVE ROYALTIES FOR SALES OF COPIES OF THE EDITIONS THEY HAVE PREPARED; A FEW HAVE SOLD OUTRIGHT TO THE TRUST ALL OF THEIR RIGHTS IN THEIR EDITIONS, AND SO THEY RECEIVE NO ROYALTIES ON SALES OF COPIES. THE WORK OF THESE MUSICOLOGISTS IS READ AND CORRECTED BY OTHER MUSICOLOGISTS, WHO EITHER RECEIVE A SHARE OF ROYALTIES ON COPIES SOLD OR WHO ARE PAID OUTRIGHT FOR THEIR SERVICES. AS THESE EDITIONS ARE ESSENTIALLY ACADEMIC UNDERTAKINGS, MOST OF THE PEOPLE INVOLVED, AS IS CUSTOMARY IN SUCH SITUATIONS, EXPECT AND RECEIVE REMUNERATION WELL BELOW THE MARKET VALUE OF THEIR SERVICES; SOME VOLUNTEER THEIR SERVICES FOR NO REMUNERATION AT ALL. FORM 990, PAGE 2, PART III, LINE 3 RECENT DEVELOPMENTS: THE TRUSTEE AND CO-TRUSTEE, ADVANCING IN YEARS AND SEEKING TO PRESERVE THEIR OWN WORK OF AND THE WORK OF THE EDITORS WHO HAVE PREPARED THE TRUST'S EDITIONS, CONCLUDED THAT THE BEST MEANS FOR SO DOING WOULD BE TO DONATE THE TRUST'S ASSETS TO AN ORGANIZATION WITH A COMMITMENT TO MUSICOLOGY CONSISTENT WITH THEIR OWN UNDER CONDITIONS THAT WOULD MAKE THE TRUST'S PUBLICATIONS ACCESSIBLE TO PERFORMERS, RESEARCHERS, AND STUDENTS. THEY IDENTIFIED THE AMERICAN MUSICOLOGICAL SOCIETY (THE AMS) AS SUCH AN ORGANIZATION, AND OPENED DISCUSSIONS WITH THE SOCIETY IN 2021. THE AMS BOARD VOTED TO ACCEPT THE GIFT, SUBJECT TO THE CONDITIONS OUTLINED BELOW. ACCORDINGLY, BY AN INSTRUMENT OF GIFT DATED DECEMBER 29, 2022, THE TRUSTEES TRANSFERRED TO THE AMS ALL OF ITS ASSETS EXCEPT 5000.00 IN CASH; THE ASSETS TRANSFERRED INCLUDED CASH, INVENTORY, ALL RIGHTS IN AND TO ALL OF THE TRUST'S PUBLICATIONS, AND ALL RIGHTS IN AND TO ALL OF THE TRUST'S PROJECTS THAT ARE IN ADVANCED STAGES OF PREPARATION. THE AMS REQUIRED AS A CONDITION OF ACCEPTING THE GIFT THAT THE C. F. PETERS CORPORATION, WHICH HAS BEEN PROVIDING DISTRIBUTION SERVICES TO THE TRUST, WOULD PROVIDE SIMILAR SERVICES TO THE AMS; DISTRIBUTION SERVICES INCLUDE INVENTORY MANAGEMENT, ORDER FULFILLMENT, CALCULATION AND PAYMENT OF ROYALTIES, AND REPORTING OF ROYALTIES FOR TAX PURPOSES. PETERS AND THE AMS SIGNED AN AGREEMENT FOR PETERS TO PROVIDE DISTRIBUTION SERVICES IN DECEMBER OF 2022. THE TRUST REQUIRED AS A CONDITION OF THE GIFT THAT THE AMS SET ASIDE FUNDS FOR THE COMPLETION OF PROJECTS IN PROCESS, AND THAT THE AMS MAKE CERTAIN OF THE TRUST'S PUBLICATIONS AVAILABLE TO AMS MEMBERS ONLINE, WITH THOSE TRUST PUBLICATIONS NOT PLACED ONLINE INITIALLY TO BE PLACED ONLINE AS THEY GO OUT OF PRINT. THE AMS HAS FULFILLED THE FIRST CONDITION AND IS IN THE PROCESS OF FULFILLING THE SECOND. IN FULFILLMENT OF THE CONDITIONS OF THE GIFT, THE TRUSTEES HAVE TRANSFERRED TO THE AMS A TOTAL OF 116,268.00 IN CASH AND PHYSICAL INVENTORY HAVING A BOOK VALUE OF 219,939.00. AS OF 31 MARCH 2023, THE TRUSTEES RETAIN ONLY THE SUM OF 5000.00 TO DEFRAY THE COST OF DISSOLVING THE TRUST (AND THE AMS HAS AGREED TO PAY A MAXIMUM OF 5000.00 TO DEFRAY ANY SUCH COSTS IN EXCESS OF 5000.00). BECAUSE UNDER THE DISTRIBUTION AGREEMENT BETWEEN PETERS AND THE AMS, THE AMS IS CHARGED FOR THE STORAGE OF SOME OF ITS INVENTORY, THE TRUST (AFTER CONSULTATION WITH THE AMS) INSTRUCTED PETERS TO DESTROY ALL COPIES OF TRUST PUBLICATIONS NOT LIKELY TO BE SOLD WITHIN TEN YEARS; THIS WAS DONE IN SEPTEMBER OF 2022; THE VALUE OF THE COPIES DESTROYED WAS 25,172.00. FORM 990, PAGE 2, PART III, LINE 4D MISC EXPENSES FORM 990, PAGE 6, PART VI, LINE 8A YES FORM 990, PAGE 6, PART VI, LINE 8B YES FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 THOSE FORMS THAT MUST BE OPEN TO PUBLIC INSPECTION ARE MAINTAINED BY THE TRUSTEE AND ARE AVAILABLE UPON REQUEST TO WHOEVER MAY WISH TO REVIEW THEM; THE TRUSTEE CAN BE REACHED BY E-MAIL AT BROUDEBROTHERS@VERIZON.NET BROUDE BROTHERS LIMITED 88 CROSSLANDS DRIVE KENNETT SQUARE PA 19348 132549103 MUSIC PUBL PA N/A C CORP false false false false false false false false false false false false false false false false false false false false SCHEDULE R RONALD BROUDE IS TRUSTEE OF THE BROUDE TRUST AND OWNER (100%) OF BROUDE BROTHERS LIMITED, A MUSIC PUBLISHER AND PENNSYLVANIA C CORPORATION. NEITHER HAS HAD ANY TRANSACTION WITH THE BROUDE TRUST DURING THE PERIOD APRIL 1, 2022 AND MARCH 31, 2023.