2026-02-13T17:22:29-06:00 2025-03-31 840803727 REESE HENRY & COMPANY INC 400 E MAIN ST STE 2 ASPEN CO 81611 990 2024-10-01 841515243 ASPEN ART MUSEUM FOUNDATION ASPE 9709258050 637 EAST HYMAN AVENUE ASPEN CO 81611 AMNON RODAN TREASURER 9709258050 2026-02-13 1 1 MARK S KAVASCH CPA P00107511 9709253771 2024 2025-03-06 01:10:19Z AMNON RODAN 637 EAST HYMAN AVENUE ASPEN CO 81611 3215336 0 X N/A X 1999 CO ESTABLISHMENT AND MAINTENANCE OF AN ENDOWMENT FUND EXCLUSIVELY FOR THE ASPEN ART MUSEUM 3 3 0 3 0 0 1483279 3180600 0 0 781346 8986 -98929 -9349 2165696 3180237 2355671 2033196 0 0 476900 171465 0 0 184695 162600 48577 2995171 2253238 -829475 926999 44350193 45474478 1877468 2478130 42472725 42996348 ESTABLISHMENT AND MAINTENANCE OF AN ENDOWMENT FUND EXCLUSIVELY FOR THE ASPEN ART MUSEUM 0 0 2033196 2033196 ESTABLISH AND MAINTAIN AN ENDOWMENT FUND EXCLUSIVELY FOR THE BENEFIT OF THE ASPEN ART MUSEUM. 2033196 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 CO X X NICOLA LEES 9709258050 637 E HYMAN AVENUE ASPEN CO 81611 JOE FELSON VICE-PRESIDENT 2.00 X X 0 0 0 MELONY LEWIS SECRETARY 2.00 2.00 X X 0 0 0 AMNON RODAN PRESIDENT AND TREASURER 2.00 2.00 X X 0 0 0 NICOLA LEES EX OFFICIO MEMBER 4.00 40.00 X 0 749489 24377 0 749489 24377 0 0 1 0 0 3180600 318072 3180600 8986 8986 25750 35099 -9349 -9349 -9349 3180237 0 0 -363 2033196 2033196 171465 171465 44 44 13230 13230 7912 7912 27391 27391 2253238 2033196 35347 184695 2944095 3395436 3976100 3371100 21000 1000 2178109 411985 1793350 1766124 30922787 36940818 4692861 44350193 45474478 1139490 1741512 737978 736618 1877468 2478130 X 1006630 961946 41466095 42034402 42472725 42996348 44350193 45474478 926999 -403376 0 X 0 0 0 X X 1 ASPEN ART MUSEUM 840746671 7 1 2033196 0 1 2033196 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41518729 3180600 -394402 2033196 184695 42087036 36236963 1073216 7118721 2910171 41518729 33669250 982807 3212906 1628000 36236963 39767568 327470 -4829963 1595825 33669250 34296737 2858660 3852171 1240000 39767568 0 0 2178109 411985 1766124 1766124 X PART V, LINE 4: THE ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS OF ASPEN ART MUSEUM. ENDOWMENT FUND EARNINGS ARE EITHER RESTRICTED OR UNRESTRICTED BASED ON THE DONOR'S REQUEST. RESTRICTED FUNDS INCLUDE EXHIBITION COSTS, LECTURE SERIES, VISITING ARTISTS, DIRECTOR COSTS, LATIN AMERICAN ART OUTREACH, ROOF DECK EXHIBITION COSTS, AND PUBLICATIONS. THE UNRESTRICTED ENDOWMENT FUND ALLOWS FOR EARNINGS TO BE USED FOR GENERAL MUSEUM PURPOSES. PART X, LINE 2: ASPEN ART MUSEUM AND ASPEN ART MUSEUM FOUNDATION ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. AS A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, 81611 PROPERTIES WAS ESTABLISHED SOLELY FOR THE PURPOSE OF OWNING AND HOLDING EMPLOYEE HOUSING PROPERTIES IN ACCORDANCE WITH THE ASPEN/PITKIN COUNTY HOUSING AUTHORITY AND IS INCLUDED IN THE FOUNDATION'S FORM 990. THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS. 1 ASPEN ART MUSEUM 637 E HYMAN AVENUE ASPEN CO 81611 840746671 501(C)(3) 2033196 0 CASH MUSEUM OPERATIONS PART I, LINE 2: ENDOWMENT FUND DRAW REQUESTS (GRANTS) TO THE MUSEUM ARE REVIEWED BY THE BOARD OF TRUSTEES AND ARE REQUIRED TO BE THE LESSOR OF THE AVERAGE VALUE OF THE FUND AS OF DECEMBER 31 OF EACH OF THE PRECEDING 3 YEARS OR THE AMOUNTS REPORTED BY THE MUSEUM AS EXPENSES FOR THE DONOR DESIGNATION. REPORTS TO DONORS (IF REQUIRED) AND MUSEUM FINANCIAL STATEMENTS ARE USED TO VERIFY GRANT REQUESTS AND SHARED WITH THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES APPROVES GRANT REQUESTS ANNUALLY. 0 0 0 0 0 0 0 0 0 NICOLA LEES EX OFFICIO MEMBER 0 709489 0 40000 0 0 0 13800 0 10577 0 773866 0 0 PART I, LINE 3 THE FOUNDATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF THE EX OFFICIO MEMBER, WHO IS THE CHIEF EXECUTIVE OFFICER/DIRECTOR OF THE ASPEN ART MUSEUM. X 11 318072 CASH RECEIVED AT SALE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MELONY LEWIS, JOE FELSON, AND AMNON RODAN ALSO SERVE AS BOARD MEMBERS OF A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF THE ASPEN ART MUSEUM SHALL APPROVE THE APPOINTMENT OF THE BOARD OF DIRECTORS OF THE FOUNDATION. PER THE BYLAWS OF THE ASPEN ART MUSEUM FOUNDATION, THE MAJORITY OF THE POSITIONS ON THIS BOARD ARE PRE-SET BASED ON SPECIFIC ROLES WITH THE ASPEN ART MUSEUM'S BOARD OF TRUSTEES AS WELL AS THE MUSEUM'S NATIONAL COUNCIL. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S 990 IS AVAIALABLE FOR PUBLIC INSPECTION ON CANDID'S (FORMERLY GUIDESTAR) WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PAGE 1 SECTION A THE ORGANIZATION CHANGED IT'S FISCAL YEAR FROM SEPTEMBER 30, 2024 TO MARCH 31, 2025 81611 PROPERTIES LLC 637 E HYMAN AVENUE ASPEN CO 81611 452429880 HOLDS TITLE TO REAL ESTATE CO 25750 1780494 ASPEN ART MUSEUM FOUNDATION ASPEN ART MUSEUM 637 E HYMAN AVENUE ASPEN CO 81611 840746671 ART MUSEUM CO 501(C)(3) LINE 7 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 ASPEN ART MUSEUM B 2033196 CASH TRANSFERRED ASPEN ART MUSEUM P 184695 CASH TRANSFERRED-TRAVEL AND LABOR