2024-01-25T12:42:11-05:00 2023-11-30 823840465 UMBREIT WILECZEK & ASSOCIATES PC 712 E BALTIMORE PIKE KENNETT SQUARE PA 19348 990 2023-04-01 133091610 THE BROUDE TRUST FOR THE PUBLICATIO MUSICOLOGICAL EDITIONS BROU 6103881740 120 MADISON AVE FLOOR 24 NEW YORK NY 10016 RONALD BROUDE TRUSTEE 6103881740 2024-01-22 true RONALD BROUDE 999009999 false TIMOTHY D UMBREIT CPA P00361088 6104443222 2024-01-22 2023 2023-04-26 12:10:37Z X X CO EDITION PETERS GROUP RONALD BROUDE 88 CROSSLANDS DRIVE KENNETT SQUARE PA 19348 0 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 4920 0 4920 0 336207 0 0 0 0 0 46212 5000 382419 5000 -377499 -5000 5000 0 0 5000 0 X PREPARATION AND PUBLICATION OF SCHOLARLY EDITIONS OF MUSIC FOR USE BY MUSIC HISTORIANS AND PERFORMERS false true THERE WERE NO PROGRAM SERVICE EXPENSES FOR THE PERIOD COVERED BY THIS RETURN BECAUSE THE TRUST HAD CEASED OPERATIONS AND WAS IN THE PROCESS OF DISSOLUTION 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 false false false false false true false false true false false false true 0 0 false 0 false false false false false false false false X 1 1 false false false false false false false false false true 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 0 4345 4345 600 600 BANK FEES 30 30 NEW YORK FILING FEE 25 25 5000 0 5000 0 5000 5000 0 0 0 X 5000 5000 0 5000 0 -5000 X false false false X 23827 23553 50599 14902 112881 23827 23553 50599 14902 112881 112881 23827 23553 50599 14902 112881 1.00000 0.74610 0.00000 0.00000 X CASH - LEGAL EXPENSES 2023-11-22 4345 161614892 BOUSQUET HOLSTEIN PLLC 110 WEST LAFAYETTE ST SUITE 1000 SYRACUSE NY 13202 CASH - ACCOUNTING EXPE 2023-08-04 600 823840465 UMBREIT WILECZEK PC 712 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 CASH - BANK FEES 2023-05-16 30 132732274 TD BANK 1159 WILMINGTON PIKE WEST CHESTER PA 19382 CASH - ANNUAL FEES 2022-08-08 25 NY STATE false false false false false true true false SCHEDULE N, PAGE 2, PART I, LINE 3 THE MAJOR PORTION OF THE TRUST'S ASSETS (116,268.00 IN CASH AND 219,939.00 IN PUBLICATIONS AS VALUED ON THE TRUST'S BOOKS) WERE DISTRIBUTED DURING THE FISCAL YEAR PREVIOUS TO THIS ONE, THE FISCAL YEAR HAVING ENDED ON 31 MARCH 2023; THIS WAS REPORTED ON THE FORM 990 COVERING THAT YEAR. TO BEGIN THE PRESENT FISCAL YEAR, THE TRUST HAD ASSETS OF 5,000.00 IN CASH, WHICH SUM WAS USED TO DEFRAY THE EXPENSES OF DISSOLVING THE TRUST AS LISTED BELOW. BY A GIFT AGREEMENT DATED 28 DECEMBER 2022, THE TRUSTEE AND CO-TRUSTEE OF THE BROUDE TRUST MADE A GIFT OF ALL OF THE 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. THE GIFT TO THE AMS WAS EFFECTIVE ON 1 JANUARY 2023 (THE GIFT WAS REPORTED IN THE TRUST'S FORM 990 COVERING THE TRUST'S FISCAL YEAR DURING WHICH IT OCCURRED, THE FISCAL YEAR ENDING 31 MARCH 2023; THE RETURN WAS FILED ON 3 AUGUST 2023). A FINAL ACCOUNTING AND APPLICATION FOR APPROVAL OF THE TRUST'S DISSOLUTION WERE FILED WITH THE ATTORNEY GENERAL OF NEW YORK, AND A STATEMENT OF NO OBJECTION, SENT OVER THE SIGNATURES OF LETITIA JAMES (ATTORNEY GENERAL) AND TIMOTHY P. MULVEY (ASSISTANT ATTORNEY GENERAL) WAS ISSUED ON 26 OCTOBER 2023. THE STATEMENT IS APPENDED AND MADE A PART OF THIS RETURN. AS OF 31 MARCH 2023, THE TRUSTEES RETAINED ONLY THE SUM OF 5000.00, WHICH, BY THE TERMS OF THE GIFT AGREEMENT, WERE USED TO DEFRAY THE COSTS OF DISSOLVING THE TRUST; THE 5000.00 WAS EXPENDED IN PAYMENT OF BANK FEES, OF THE NEW YORK STATE FILING FEE, FOR ACCOUNTING SERVICES, AND FOR LEGAL SERVICES. WITH THE PAYMENT FOR LEGAL SERVICES, THE TRUST'S ASSETS WERE REDUCED TO ZERO, AND, BY NEW YORK STATE LAW, THE TRUST CEASED TO EXIST. FORM 990 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 INCOME OF TRUST PUBLICATIONS HAS COME ALMOST ENTIRELY FROM SALES OF ITS PUBLICATIONS. SEVERAL YEARS AGO, THE TRUSTEE AND CO-TRUSTEE, ADVANCING IN YEARS AND SEEKING TO PRESERVE THEIR OWN WORK AND THE WORK OF THE EDITORS WHO 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. THEY IDENTIFIED THE 3,400-MEMBER AMERICAN MUSICOLOGICAL SOCIETY (THE AMS, CERTIFIED BY THE IRS AS A 501 (C) 3 CORPORATION, AS SUCH AN ORGANIZATION, AND AFTER NEGOTIATION, THE TRUSTEES MADE A GIFT OF ALL OF ITS ASSETS, INCLUDING INVENTORY OF PUBLICATIONS, RIGHTS IN THE PUBLICATIONS, AND CASH, TO THE AMS, WHICH, AS A CONDITION OF THE GIFT, UNDERTOOK TO MAKE TRUST PUBLICATIONS ACCESSIBLE TO PERFORMERS, RESEARCHERS, AND STUDENTS BY, AMONG OTHER POLICIES, PLACING THEM ONLINE IN DIGITAL FORMS FOR AMS MEMBERS. THE GIFT TO THE AMS WAS EFFECTIVE ON 1 JANUARY 2023 (THE GIFT WAS REPORTED IN THE TRUST'S FORM 990 COVERING THE TRUST'S FISCAL YEAR DURING WHICH IT OCCURRED, THE FISCAL YEAR ENDING 31 MARCH 2023; THE RETURN WAS FILED ON 3 AUGUST 2023). THE TRUSTEES RETAINED ONLY THE SUM OF 5000.00 TO DEFRAY COSTS ASSOCIATED WITH THE DISSOLUTION OF THE TRUST. DURING THE CURRENT FISCAL YEAR, WHICH BEGAN ON 1 APRIL 2023 AND WHICH IS THE SUBJECT OF THIS RETURN, THE TRUSTEES HAVE BEEN CONCERNED WITH THE DISSOLUTION OF THE TRUST. A FINAL ACCOUNTING AND APPLICATION FOR APPROVAL OF THE TRUST'S DISSOLUTION WERE FILED WITH THE ATTORNEY GENERAL OF NEW YORK, AND A STATEMENT OF NO OBJECTION, SENT OVER THE SIGNATURES OF LETITIA JAMES (ATTORNEY GENERAL AND TIMOTHY P. MULVEY (ASSISTANT ATTORNEY GENERAL) WAS ISSUED ON 26 OCTOBER 2023. THE STATEMENT IS APPENDED AND MADE A PART OF THIS RETURN. THE TIME SINCE RECEIPT OF THE STATEMENT OF NO OBJECTION HAS BEEN TAKEN UP WITH THE COMPLETION OF FORMALITIES, INCLUDING THE PREPARATION OF THIS RETURN. THE 5000.00 RETAINED BY THE TRUSTEES HAS BEEN EXPENDED ENTIRELY IN MEETING THE EXPENSES OF DISSOLUTION (MOSTLY PROFESSIONAL FEES), AS DETAILED IN PART IX OF FORM 990 AND SCHEDULE N. THE TRUST'S ASSETS WERE REDUCED TO 0 BYITS CHECK IN PAYMENT FOR LEGAL SERVICES; THE CHECK CLEARED ON NOVEMBER 27, 2023, AND BY OPERATION OF NEW YORK LAW, WHICH REGARDS A TRUST AS TERMINATED WHEN IT HAS NO ASSETS, THE TRUST TERMINATED ON THAT DATE. FORM 990, PAGE 2, PART III, LINE 3 THERE WERE NO PROGRAM EXPENSES FOR THE PERIOD COVERED BY THIS RETURN. THE TRUST HAD CEASED OPERATIONS AND WAS IN THE PROCESS OF DISSOULUTION. FORM 990, PAGE 6, PART VI, LINE 8A THE TRUST IS A SMALL ORGANIZATION, AND ITS BUSINESS HAS BEEN 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 WHO 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 V , SECTION A) AND QUESTIONS REGARDING GOVERNING POLICIES (FORM 990, PART VI, SECTION B) ARE THEREFORE NOT APPLICABLE. FORM 990, PAGE 6, PART VI, LINE 8B THE TRUST IS A SMALL ORGANIZATION, AND ITS BUSINESS HAS BEEN 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 WHO 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 V , SECTION A) AND QUESTIONS REGARDING GOVERNING POLICIES (FORM 990, PART VI, SECTION B) ARE THEREFORE NOT APPLICABLE. FORM 990, PAGE 6, PART VI, LINE 9 RONALD BROUDE 88 CROSSLANDS DRIVE KENNETT SQUARE, PA 19348 FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 18 RONALD BROUDE, TRUSTEE 88 CROSSLANDS DRIVE KENNETT SQUARE, PA 19348 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 RONALD BROUDE NOR BROUDE BROTHERS LIMITED HAS HAD ANY TRANSACTION WITH THE BROUDE TRUST DURING THE PERIOD COVERED BY THIS RETURN.