2024-04-09T18:12:38-05:00 2023-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2022-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055041 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT 9709253254 2024-04-09 1 ALAN FLETCHER 999009999 0 PAUL J BACKES P00175605 9708458800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 51519513 0 X HTTP://WWW.ASPENMUSICFESTIVAL.COM/ X 1954 CO THE ASPEN MUSIC FESTIVAL & SCHOOL BRINGS TOGETHER THE FINEST MUSIC STUDENTS, ARTIST FACULTY AND PERFORMERS TO CREATE TRANSFORMATIVE EDUCATIONAL EXPERIENCES WITHIN A COMMUNITY OF ARTISTIC INTEGRITY AND INNOVATION. 50 40 158 35 252989 0 7783561 14846911 6835070 7374028 1715016 5367632 -356478 -253843 15977169 27334728 3116117 3382285 0 0 5459693 6046469 0 0 1364251 12059812 12289567 20635622 21718321 -4658453 5616407 107953322 116943884 9957945 9470993 97995377 107472891 X THE ASPEN MUSIC FESTVAL & SCHOOL BRINGS TOGETHER THE FINEST MUSIC STUDENTS, ARTIST FACULTY AND PERFORMERS TO CREATE TRANSFORMATIVE EDUCATIONAL EXPERIENCES WITHIN A COMMUNITY OF ARTISTIC INTEGRITY AND INNOVATION. 0 0 17152013 3382285 6874432 MUSIC EDUCATION FOR STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES. 383377 247370 COMMUNITY MUSIC EDUCATION AND OUTREACH, INCLUDING SUSTAINED IN-SCHOOL ENRICHMENT AND AFTER SCHOOL PROGRAMMING FOR APPROXIMATELY 500 STUDENTS THROUGHOUT THE ROARING FORK VALLEY. OTHER PROGRAM SERVICES. 17535390 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 299 0 158 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 50 40 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JENNIFER B ELLIOT 9702055040 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT/CEO 40.00 X X 549133 0 28874 STEPHEN BRINT TRUSTEE 0.00 X 0 0 0 ANTHONY MAZZA TRUSTEE 0.00 X 0 0 0 JUDITH Z STEINBERG TRUSTEE 0.00 X 0 0 0 ARJUN GUPTA TRUSTEE 0.00 X 0 0 0 LINDA VITTI HERBST TRUSTEE 0.00 X 0 0 0 AARON PODHURST TRUSTEE 0.00 X 0 0 0 DANA POWELL TRUSTEE 0.00 X 0 0 0 RICHARD FELDER TRUSTEE 0.00 X 0 0 0 SARAH BROUGHTON TRUSTEE 0.00 X 0 0 0 JONATHAN LEE TRUSTEE 0.00 X 0 0 0 ROBERT J HURST TRUSTEE 0.00 X 0 0 0 VICTORIA SMITH TRUSTEE 0.00 X 0 0 0 ALIA TUTOR TRUSTEE 0.00 X 0 0 0 MARY GIESE TRUSTEE 0.00 X 0 0 0 AMY MARGERUM BERG TRUSTEE 0.00 X 0 0 0 BRYANT WELTERS TRUSTEE 0.00 X 0 0 0 CHARLES ANDERSON TRUSTEE 0.00 X 0 0 0 MARIANNE BOESKY TRUSTEE 0.00 X 0 0 0 H GAEL NEESON TRUSTEE 0.00 X 0 0 0 MICHAEL MURRAY TRUSTEE 0.00 X 0 0 0 DAN PORTERFIELD TRUSTEE 0.00 X 0 0 0 WILLEM MESDAG TRUSTEE 0.00 X 0 0 0 ALEXANDRA MUNROE TRUSTEE 0.00 X 0 0 0 JOHN FULLERTON TRUSTEE 0.00 X 0 0 0 NANCY FURLOTTI TRUSTEE 0.00 X 0 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 JAMIE HELZBERG TRUSTEE 0.00 X 0 0 0 JOSH WOLMAN TRUSTEE 0.00 X 0 0 0 JANET O'CONNOR TRUSTEE 0.00 X 0 0 0 NICHOLAS DUBRUL TRUSTEE 0.00 X 0 0 0 ALAN ENGLANDER TRUSTEE 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE/CHAIR 0.00 X X 0 0 0 WARREN DECK TRUSTEE/FACULTY 5.00 X 28150 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 40406 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 32400 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 36238 0 0 JAMES DUNHAM TRUSTEE/FACULTY 5.00 X 32000 0 0 TIMOTHY PITTS TRUSTEE/FACULTY 5.00 X 50450 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 29350 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 22944 0 0 ESPEN LILLESLATEN TRUSTEE/FACULTY 5.00 X 28500 0 0 MICHAEL MERMAGEN TRUSTEE/FACULTY 5.00 X 17800 0 0 CARRIE WELLS TRUSTEE/SECRETARY 0.00 X X 0 0 0 SAM BROWN TRUSTEE/TREASURER 0.00 X X 0 0 0 CHARLES WALL TRUSTEE/VICE CHAIR 0.00 X X 0 0 0 ANN B FRIEDMAN TRUSTEE/VICE CHAIR 0.00 X X 0 0 0 CHARLES RIVKIN TRUSTEE 0.00 X 0 0 0 CATHY KOPLOVITZ TRUSTEE 0.00 X 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 40.00 X 286728 0 37550 PATRICK CHAMBERLAIN VP ARTISTIC ADMIN. 40.00 X 155114 0 6417 MI RYUNG SONG VP ADVANCEMENT 40.00 X 235649 0 10686 PAUL GIBB CFO 40.00 X 162070 0 20205 JENNIFER WHITE VP & DEAN OF STUDENTS 40.00 X 213078 0 23113 LAURA SMITH VP MARKETING/COMMUNICATION 40.00 X 198068 0 33562 2118078 0 160407 7 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 684754 TISH JIMENEZ CLEANING CO 206 LACET CT ASPEN CO 81611 MAINTENANCE 273079 RFAS INC IMG ARTISTS LLC 7 WEST 54TH ST NEW YORK NY 10019 GUEST ARTIST 247000 ROBERT SPANO 307 SEVENTH AVE SUITE 506 NEW YORK NY 10001 CONTRACT MUSIC DIRECTOR 198060 BARBIZON LIGHT OF THE ROCKIES 8269 E 23RD AVE SUITE 111 DENVER CO 80238 LIGHTING CONTRACTOR 168685 6 1057426 873951 12915534 4521372 14846911 STUDENT FEES 900099 4899402 4899402 TICKET SALES 900099 1905128 1905128 OUTREACH 900099 282870 282870 PROGRAM ADVERTISING 900099 252989 252989 CONCESSIONS & TAPE SAL 900099 33639 33639 7374028 1671055 1671055 38635 0 38635 38635 38635 27495058 23798481 3696577 3696577 3696577 105850 1057426 375596 -269746 -269746 29668 10708 18960 18960 MISCELLANEOUS REVENUE 900099 34402 34402 SPLIT INTEREST AGREEME 900099 -76094 -76094 -41692 27334728 7121802 252989 5113026 3382285 3382285 2249985 979575 745577 524833 2807571 1894737 419222 493612 149103 49642 79937 19524 492551 127673 301770 63108 347259 207821 74631 64807 58203 58203 24700 24700 308583 308583 374805 129485 168705 76615 244333 244333 391712 325623 41996 24093 282376 102353 176210 3813 223571 177733 39421 6417 179526 145912 22898 10716 1959522 1959522 456334 440548 10396 5390 FACULTY EXPENSES 2955864 2955864 STUDENT ROOM & BOARD CO 1549981 1549981 GUEST ARTIST EXPENSES 886562 886562 SUMMER STAFF HOUSING CO 405956 401495 4461 1987539 1818579 97637 71323 21718321 17535390 2818680 1364251 5077362 10621245 1443736 2291322 269372 789342 28434 40785 171311 217987 63102807 41558428 22766269 21544379 11220955 14911664 57502411 57859509 9473472 8667651 107953322 116943884 1026177 1313472 44449 81802 395895 349895 8491424 7725824 9957945 9470993 X 37045170 42016225 60950207 65456666 97995377 107472891 107953322 116943884 5616407 3861107 0 X 0 1 X 1 0 X 8373646 7321516 8375320 7489865 14577165 46137512 8373646 7321516 8375320 7489865 14577165 46137512 8678177 37459335 1285742 601108 6446126 1296308 4714693 14343977 1014800 211653 584920 513119 626901 2951393 63432882 21156613 0.59050 0.57980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67794416 8835118 8617490 -3477673 -308583 81460768 91043234 600848 -19692053 -1960480 -294238 67794416 78220685 2084119 13497912 -2522767 -236715 91043234 77269489 743145 1713383 -1301017 -204315 78220685 77462400 3250206 173684 -1629282 -1804510 -183009 77269489 0.24870 0.19250 0.55880 0 0 349265 349265 47592187 32874920 14717267 1690705 988076 702629 10654500 5139847 5514653 2816150 2555585 260565 21544379 EQUITY INVESTMENT FUNDS 52591583 F ABSOLUTE RETURN HEDGE FUND 3200251 F EQUITY HEDGE FUNDS 2067675 F 57859509 LEASE ASSET 7725824 OTHER ASSETS 941827 8667651 LEASE LIABILITY 7725824 7725824 30922560 3861107 35308 3896415 27026145 308583 308583 27334728 21445046 35308 35308 21409738 308583 308583 21718321 PART V, LINE 4: THE GOAL OF MAA'S ENDOWMENT IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 35,308. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 308,583. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 35,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 308,583. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL RECRUITING MATERIALS INCLUDE A STATEMENT OF OUR NON-DISCRIMINATION POLICY. VISITORS TO OUR WEBSITE HOMEPAGE WHO CLICK ON THE "ABOUT" LINK WILL SEE AN EXTENSIVE DESCRIPTION OF OUR POLICIES ON INCLUSION, DIVERSITY, EQUITY, AND ACCESS. SCHEDULE E, PART I, LINE 6 MUSIC ASSOCIATES OF ASPEN, INC. RECEIVED CONTRIBUTIONS FROM THE FOLLOWING GOVERNMENTAL AGENCIES. CITY OF ASPEN - 138,290 COLORADO CREATIVE INDUSTRIES - 10,000 NATIONAL EDUCATION ASSOCIATION - 30,000 CENTRAL AMERICA AND CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 30479517 0 0 0 0 0 0 30479517 0 30479517 0 0 0 0 0 0 PART III ACCOUNTING METHOD: OPERA BENEFIT 188494 161494 27000 25221 57367 2312 2466 SEASON BENEFIT 850993 798143 52850 104795 102905 8328 8023 3 123789 97789 26000 9797 47169 5796 1417 1163276 1057426 105850 139813 207441 16436 11906 375596 -269746 1 FELLOWSHIP 258 90738 2773500 FMV TUITION/ROOM AND BOARD SCHOLARSHIPS 121 441720 FMV SCHOLARSHIP AID WORK STUDY 198 30143 0 DORM ASSISTANCE 8 45600 FMV DORM ASSISTANCE PART I, LINE 2: MAA MAINTAINS A DATABASE OF GRANT AWARDS TO ENSURE THAT THESE ARE APPROPRIATELY DISTRIBUTED. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ALAN FLETCHER PRESIDENT/CEO 540084 0 0 0 9049 0 18300 0 10574 0 578007 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 280881 0 2000 0 3847 0 17344 0 20206 0 324278 0 0 0 MI RYUNG SONG VP ADVANCEMENT 232600 0 2000 0 1049 0 0 0 10686 0 246335 0 0 0 JENNIFER WHITE VP & DEAN OF STUDENTS 210029 0 2000 0 1049 0 12539 0 10574 0 236191 0 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 195019 0 2000 0 1049 0 11605 0 21957 0 231630 0 0 0 PAUL GIBB CFO 159021 0 2000 0 1049 0 9631 0 10574 0 182275 0 0 0 PATRICK CHAMBERLAIN VP ARTISTIC ADMIN. 153592 0 0 0 1522 0 0 0 6417 0 161531 0 0 0 X 9 4481566 FAIR MARKET VALUE X GIFTS IN KIND 14 39806 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: MAA UTILIZES A BROKER TO SELL CONTRIBUTED SECURITIES. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS VOTING AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS OF MAA, VOTING MEMBERS OF THE CORPORATION APPROVE MEMBERS OF THE BOARD OF TRUSTEES AND THE MEMBERS OF THE CORPORATION IN ACCORDANCE WITH THE PROVISIONS OF THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B PER THE ARTICLES OF INCORPORATION OF MAA, VOTING MEMBERS MUST APPROVE THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE CORPORATIONS PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990, ALONG WITH ALL SUPPORTING SCHEDULES, IS MADE AVAILABLE TO THE BOARD FINANCE COMMITTEE PRIOR TO FILING. THE FILED FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C UPON DISCOVERY, ALL CONFLICTS OF INTEREST, INCLUDING POTENTIAL CONFLICTS, ARE REPORTED TO THE EXECUTIVE COMMITTEE FOR APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION OF THE CEO AND AND ALL KEY EMPLOYEES AND COMPARES THIS WITH OTHER SIMILAR INSTITUTIONS. THE COMMITTEE APPROVES THE COMPENSATION OF THESE EMPLOYEES AFTER ITS REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.