2025-11-13T17:16:00-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-01-01 161743588 MUSICAL INSTRUMENT MUSEUM MUSI 4804786000 4725 EAST MAYO BOULEVARD PHOENIX AZ 85050 CRAIG CULY EXECUTIVE DIRECTOR 4804786000 2025-11-12 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2025-11-12 2024 2025-03-06 01:10:19Z CRAIG CULY 4725 EAST MAYO BOULEVARD PHOENIX AZ 85050 44005818 0 X WWW.MIM.ORG X 2005 AZ ENRICHING THE WORLD THROUGH ACCESSIBLE MUSICAL INSTRUMENTS AND PERFORMANCES. 10 10 115 533 -219474 0 0 26620531 0 8276011 0 5707391 0 496864 0 41100797 0 72893 0 0 0 6895149 0 0 710315 0 14048300 0 21016342 0 20084455 173411587 199605235 2164578 2193220 171247009 197412015 X THE MUSICAL INSTRUMENT MUSEUM (MIM) ENRICHES OUR WORLD BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE AN ASTONISHING VARIETY OF MUSICAL INSTRUMENTS AND PERFORMANCE VIDEOS FROM EVERY COUNTRY IN THE WORLD. MIM OFFERS GUESTS A WELCOMING AND FUN EXPERIENCE, INCOMPARABLE INTERACTIVE TECHNOLOGY, DYNAMIC PROGRAMMING, AND EXCEPTIONAL MUSICAL PERFORMANCES. MIM FOSTERS APPRECIATION OF THE WORLD'S DIVERSE CULTURES BY SHOWING HOW WE INNOVATE, ADAPT, AND LEARN FROM EACH OTHER TO CREATE MUSIC - THE LANGUAGE OF THE SOUL. 0 0 13111043 0 3975876 GALLERIES AND SPECIAL EXHIBITIONS: MORE THAN 300 DISPLAYS WITH STATE-OF-THE-ART AUDIO-VISUAL TECHNOLOGY IMMERSE GUESTS IN MUSIC FROM EVERY COUNTRY IN THE WORLD. TEMPORARY SPECIAL EXHIBITIONS DIVE DEEPER INTO MUSICAL TOPICS THROUGH ORIGINAL STORYTELLING. HANDS-ON GALLERIES INVITE GUESTS TO MAKE THEIR OWN MUSIC. 3407066 0 4954249 MIM MUSIC THEATER: MIM OFFERS OVER 300 CONCERTS YEARLY IN AN INTIMATE, ACOUSTICALLY SUPERB ENVIRONMENT. PERFORMANCES ARE CURATED TO BRING THE GALLERIES TO LIFE, CONNECTING AUDIENCES TO DIVERSE LIVE PROGRAMMING FROM LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS. 838315 72893 62224 EDUCATION AND PUBLIC PROGRAMS: PEOPLE OF ALL AGES LEARN THROUGH MUSIC AT MIM. EDUCATION OFFERINGS INCLUDE CHILDREN'S CLASSES, A STUDENT FIELD TRIP PROGRAM THAT WELCOMES UP TO 70,000 PARTICIPANTS ANNUALLY, TEACHER PROFESSIONAL DEVELOPMENT WORKSHOPS, AND EDUCATIONAL EXPERIENCES FOR ADULTS AND SENIORS. WEEKEND PUBLIC PROGRAMS CALLED SIGNATURE EVENTS BRING THE COMMUNITY TOGETHER TO CELEBRATE WORLD CULTURES, MUSICAL GENRES, AND ICONIC ARTISTS. 17356424 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 217 0 1 115 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN NY X PHIL RUMBLE 4804786000 4725 E MAYO BLVD PHOENIX AZ 85050 CRAIG D CULY EXECUTIVE DIRECTOR/TREASURER 40.00 X 235125 0 33732 MANUAL A JORDAN PEREZ DEPUTY DIRECTOR & CHIEF CURATOR 40.00 X 220985 0 21179 KIM PRITCHARD DIRECTOR OF HR (LEFT 9/2024) 40.00 X 134784 0 10633 BRIAN DREDLA CHIEF ENGAGEMENT OFFICER 40.00 X 128155 0 14254 LACEY HAUSER RETAIL OPERATIONS DIRECTOR 40.00 X 105140 0 26565 ROBERT G WESTON JR CHAIRMAN 1.00 X X 0 0 0 RICHARD T BURKE VICE CHAIRMAN 1.00 X X 0 0 0 GAIL J DORN SECRETARY 1.00 X X 0 0 0 STACIA ANDERSON DIRECTOR 1.00 X 0 0 0 ERIC BIEBER DIRECTOR (LEFT 11/2024) 1.00 X 0 0 0 TODD BLACKWELL DIRECTOR 1.00 X 0 0 0 RICHARD D BURNS DIRECTOR 1.00 X 0 0 0 MARC L FELIX DIRECTOR 1.00 X 0 0 0 JUSTIN KARIM DIRECTOR 1.00 X 0 0 0 ROBERT G MCMAHON DIRECTOR 1.00 X 0 0 0 BOB SMITH DIRECTOR (LEFT 7/2024) 1.00 X 0 0 0 ROBERT J ULRICH DIRECTOR 30.00 X 0 0 0 824189 0 106363 5 0 1 0 SENNHEISER ELECTRONIC CORPORATION PO BOX 416611 BOSTON MA 02241 GUIDEPORT ADVANCEMENT SERVICES 4902690 SENTINEL TECHNOLOGIES INC PO BOX 85080 CHICAGO IL 60680 IT CONTRACTOR SERVICES 515499 WD MANOR MECHANICAL CONTRACTORS INC 1838 NORTH 23RD AVENUE PHOENIX AZ 85009 FACILITIES MAINTENANCE 338315 OPENWORKS PO BOX 29088 PHONEIX AZ 85038 JANITORIAL SERVICES 312896 GARDAWORLD SECURITY SERVICES PO BOX 843886 KANSAS CITY MO 64184 SECURITY PERSONNEL SERVICES 272166 15 376859 50600 26193072 174468 26620531 MUSIC THEATER 711190 4954249 4954249 ADMISSIONS 712110 3259538 3259538 EDUCATION PROGRAM 611710 62224 62224 8276011 3758552 3758552 185960 405434 -219474 -219474 -219474 3856846 1908007 1948839 1948839 1948839 1307918 591580 716338 716338 41100797 8992349 -219474 5707391 X 72893 72893 276808 27681 193766 55361 5322160 4085268 821945 414947 281053 216851 42493 21709 602048 454819 100021 47208 413080 304751 74022 34307 11687 11687 46398 46398 461524 461524 316210 203713 96786 15711 479477 479477 908570 742310 107027 59233 324190 154186 170004 1973602 1940642 32960 65791 42385 20137 3269 4228319 4186036 42283 176017 172051 3966 THEATER PERFORMANCES 3095586 3095586 0 INSTRUMENT ACQUISITION 1023088 1023088 DUES AND FEES 446807 287848 136759 22200 EVENT EXPENSES 212484 136889 65037 10558 278550 209427 43311 25812 21016342 17356424 2949603 710315 3266240 2551535 936711 591633 1037113 834804 69689 66645 435240 441671 389241 475687 141027639 77041067 64360195 63986572 41854858 110322598 60263276 19514900 799024 819190 173411587 199605235 1033244 955903 1131334 1237317 2164578 2193220 X 72162843 90004307 99084166 107407708 171247009 197412015 173411587 199605235 X 20084455 6060385 20166 X X 0 1 X 1 0 X 16028959 40600607 14908218 17861426 26620531 116019741 16028959 40600607 14908218 17861426 26620531 116019741 116019741 768044 1237079 1927675 2623394 3758552 10314744 126334485 32511060 0.91840 0.92750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X X EDUCATION 0 85701545 18949990 9700399 114351934 69602779 8288128 7810638 85701545 72088841 8369659 -10855721 69602779 46291709 18738600 7058532 72088841 37347645 10150000 894064 2100000 46291709 0.19279 0.00000 0.80721 0 0 14586850 14586850 103410928 64714504 38696424 1130565 475487 655078 13635680 11085994 2549686 8263616 765082 7498534 63986572 CASH AND CASH EQUIVALENTS 3651443 F DEBT SECURITIES 5989409 F HEDGE FUND 7147036 F REAL ESTATE 2183591 F PRIVATE EQUITIES 543421 F 19514900 X 47443641 6060385 318383 425600 6804368 40639273 461524 461524 41100797 21278635 318383 405434 723817 20554818 461524 461524 21016342 PART III, LINE 4: THE MUSEUM'S COLLECTIONS ARE MADE UP OF HISTORICAL MUSICAL INSTRUMENTS THAT ARE HELD FOR EDUCATIONAL AND PERFORMANCE PURPOSES. PART V, LINE 4: THE MUSEUM HAS BOARD-DESIGNATED AND DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR THE PURPOSE OF PROVIDING AN OPERATING CASH RESERVE. PART X, LINE 2: THE MUSEUM HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE MUSEUM WAS ORIGINALLY CLASSIFIED AS A PRIVATE OPERATING FOUNDATION. IN DECEMBER, OF 2019, THE MUSEUM APPLIED FOR CLASSIFICATION AS A PUBLIC CHARITY. THE APPLICATION PERIOD OF 60 CONTINUOUS MONTHS IS FROM JANUARY 2020 THROUGH DECEMBER 2024. AS OF DECEMBER 2024, THE MUSEUM IS AWAITING FINAL APPROVAL OF THE CONVERSION TO A PUBLIC CHARITY FROM THE INTERNAL REVENUE SERVICE. DURING THE APPLICATION PERIOD, THE IRC DOES NOT IMPOSE AN EXCISE TAX OF 2% ON NET TAXABLE INVESTMENT INCOME OF THE MUSEUM. THE ORGANZATION HAS SUBSEQUENTLY RECEIVED FINAL APPROVAL OF CONVERSION TO PUBLIC CHARITY FROM THE INTERNAL REVENUE SERVICE IN AUGUST OF 2025. THE MUSEUM FOLLOWS A POLICY THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATIONS FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THIS POLICY HAS HAD NO IMPACT ON THE MUSEUMS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 20,166. RENTAL EXPENSES RECLASSED TO THE STATEMENT OF REVENUE 405,434. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED TO THE STATEMENT OF REVENUE 405,434. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUMENT ACQUISITIONS 43862 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INSTRUMENT ACQUISITIONS 160954 SOUTH AMERICA 0 0 PROGRAM SERVICES INSTRUMENT ACQUISITIONS 34866 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 1375669 0 0 0 0 0 0 1615351 0 1615351 0 0 1 0 1 0 1 0 SCHEDULE F, PART I, LINE 3: THE ORGANIZATION USED THE ACCRUAL METHOD OF ACCOUNTING IN PART I COLUMN (F). 1 ACT ONE 910 E OSBORN RD STE B-1 PHOENIX AZ 85014 453560706 501(C)(3) 12800 0 N/A N/A TRANSPORTATION FEE ASSISTANCE SCOTTSDALE UNIFIED SCHOOL DISTRICT 8500 E JACKRABBIT RD SCOTTSDALE AZ 85250 866000535 GOV 6500 0 N/A N/A TRANSPORTATION FEE ASSISTANCE 2 0 X X 1 0 0 0 0 0 0 0 0 CRAIG D CULY EXECUTIVE DIRECTOR/TREASURER 230125 0 5000 0 0 0 14585 0 19147 0 268857 0 0 0 MANUAL A JORDAN PEREZ DEPUTY DIRECTOR & CHIEF CURATOR 175985 0 45000 0 0 0 7560 0 13619 0 242164 0 0 0 PART I, LINE 4A KIM PRITCHARD, DIRECTOR OF HUMAN RESOURCES, WAS PAID A SEVERANCE PAYMENT OF $33,923 DURING 2024. X 5 174468 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE AND GOVERNANCE COMMITTEE WILL REVIEW THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, VOLUNTEERS, AND THEIR FAMILY MEMBERS TO ANNUALLY DISCLOSE ANY INTERESTS OR AFFILIATIONS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE POLICY COVERS SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS AND TRANSACTIONS WITH RELATED ENTITIES. HUMAN RESOURCES, THE PRESIDENT, OR THE BOARD CHAIR REVIEW DISCLOSURES AND MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS. INDIVIDUALS WITH A CONFLICT MAY BE RESTRICTED FROM PARTICIPATING IN DELIBERATIONS OR DECISIONS RELATED TO THE TRANSACTION. TEAM MEMBERS ARE ENCOURAGED TO REPORT POTENTIAL CONFLICTS PROMPTLY, AND CONFIDENTIALITY IS MAINTAINED THROUGHOUT THE PROCESS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE FOUNDER REVIEWS AND APPROVES ALL SALARY INCREASES AND COMMUNICATES THESE DECISIONS TO THE GOVERNANCE COMMITTEE. TO ENSURE COMPENSATION REMAINS COMPETITIVE AND APPROPRIATE, THE HUMAN RESOURCES DEPARTMENT PREPARES COMPARATIVE COMPENSATION DATA FROM SIMILARLY SITUATED ORGANIZATIONS EVERY OTHER YEAR. THIS BENCHMARKING INFORMS THE DECISION-MAKING PROCESS AND SUPPORTS EQUITABLE COMPENSATION PRACTICES. PERFORMANCE EVALUATIONS ARE CONDUCTED ANNUALLY FOR ALL EMPLOYEES, INCLUDING EXECUTIVES, AND SERVE AS THE BASIS FOR COMPENSATION ADJUSTMENTS. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF THESE EVALUATIONS AND COMPENSATION DECISIONS AS PART OF ITS ANNUAL APPRAISAL PROCESS. THE PROCESS DESCRIBED WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 126,498. MANAGEMENT AND GENERAL EXPENSES 3,911. FUNDRAISING EXPENSES 19,416. TOTAL EXPENSES 149,825. CONSTRUCTION: PROGRAM SERVICE EXPENSES 55,432. MANAGEMENT AND GENERAL EXPENSES 26,336. FUNDRAISING EXPENSES 4,275. TOTAL EXPENSES 86,043. CAFE EXPENSES: PROGRAM SERVICE EXPENSES 22,364. MANAGEMENT AND GENERAL EXPENSES 10,625. FUNDRAISING EXPENSES 1,725. TOTAL EXPENSES 34,714. BAD DEBT: PROGRAM SERVICE EXPENSES 5,133. MANAGEMENT AND GENERAL EXPENSES 2,439. FUNDRAISING EXPENSES 396. TOTAL EXPENSES 7,968. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CRT 20,166. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.