2026-02-16T12:24:25-06:00 2025-03-31 840803727 REESE HENRY & COMPANY INC 400 E MAIN ST STE 2 ASPEN CO 81611 990 2024-10-01 840746671 ASPEN ART MUSEUM ASPE 9709258050 637 E HYMAN AVE ASPEN CO 81611 AMNON RODAN PRESIDENT AND ACTING TREASURER 9709258050 2026-02-13 1 1 MARK S KAVASCH CPA P00107511 9709253771 2024 2025-03-06 01:10:19Z AMNON RODAN 637 E HYMAN AVE ASPEN CO 81611 3731476 0 X WWW.ASPENARTMUSEUM.ORG X 1977 CO PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL AND CONTEMPORARY ART. 25 25 75 35 0 0 13659273 3472301 20940 1185 5263 95 3295798 99345 16981274 3572926 0 0 0 0 4680446 2611606 0 0 1216161 6930570 4336848 11611016 6948454 5370258 -3375528 47705002 44311820 3076607 3058953 44628395 41252867 X THE ASPEN ART MUSEUM IS A NON-COLLECTING INSTITUTION COMMITTED TO ADVANCING CONTEMPORARY ART AND DRIVING CULTURAL CHANGE THROUGH EXHIBITIONS, CRITICAL DIALOGUES, AND COMMUNITY ENGAGEMENT. INSPIRED BY ITS ALPINE SURROUNDINGS AND ASPEN'S HISTORY OF EXPERIMENTATION AND EXCHANGE, THE MUSEUM EMBRACES CREATIVE POSSIBILITIES THAT EMERGE WHEN ARTISTS ARE INVITED TO LEAVE THEIR IMPRINT ON THE MUSEUM. 0 0 2445939 THE PRIMARY GOAL OF THE ASPEN ART MUSEUM (AAM) IS TO BE A COMMUNITY RESOURCE FOR THE APPRECIATION, EDUCATION, AND DISCUSSION OF CONTEMPORARY ART. AAM EXHIBITIONS CAN BE SUMMARIZED AS FALLING INTO THREE GENERAL CATEGORIES: FIRST-TIME U.S. MUSEUM EXHIBITIONS BY SIGNIFICANT EMERGING CONTEMPORARY ARTISTS FROM AROUND THE GLOBE; SOLO EXHIBITIONS BY IMPORTANT OR ESTABLISHED CONTEMPORARY ARTISTS THAT FOCUS ON NEW, UNRECOGNIZED, OR UNDERAPPRECIATED ASPECTS OF THEIR WORK; GROUP EXHIBITIONS CURATED TO ADDRESS PRESCIENT OR TOPICAL CONTEMPORARY CULTURAL, SOCIAL, OR POLITICAL SUBJECT MATTER, OR OTHERWISE CORRESPONDING TO AN ORGANIZING CURATORIAL THEME. THE AAM IS COMMITTED TO PROVIDING EXHIBITION AND EDUCATIONAL PROGRAMMING ON A YEAR-ROUND BASIS FOR VISITORS TO THE ROARING FORK VALLEY AND SURROUNDING COLORADO COMMUNITIES. 562529 1185 THE AAM STRIVES TO MAKE CONTEMPORARY ART MEANINGFUL TO A WIDE ARRAY OF AUDIENCES THROUGH INTERPRETIVE PROJECTS AND DIVERSE, COMMUNITY-BASED PROGRAMMING. THESE OBJECT-BASED LEARNING OPPORTUNITIES ARE DESIGNED TO ENGAGE AUDIENCES IN THOUGHT-PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY, THUS REFLECTING OUR INSTITUTIONAL MISSION. PROGRAMS OCCUR BOTH IN THE MUSEUM AND THROUGHOUT THE COMMUNITY, AND PROVIDE THE OPPORTUNITY FOR AUDIENCES TO SEE AND RESPOND TO CONTEMPORARY ART THROUGH HANDS-ON WORKSHOPS, GALLERY TALKS, AND TOURS, LECTURES, AND INNOVATIVE ACTIVITIES RELATED TO CURRENT EXHIBITIONS. IN THE 2024-2025 FISCAL PERIOD, THE AAM SERVED STUDENTS AND TEACHERS THROUGH SCHOOL TOURS AND CLASSROOM VISITS, YOUTH, FAMILY, AND TEEN PROGRAMS, COMMUNITY PROGRAMS, AND TOURS. 1522471 23169 AUXILIARY SERVICES RELATE TO THE MUSEUM SHOP. THE MUSEUM SHOP OFFERS A VARIETY OF CONTEMPORARY ART BOOKS, FOCUSING ON CONTEMPORARY ARTISTS, GROUP EXHIBITIONS AT OTHER RENOWNED INSTITUTIONS, AND ART HISTORY PUBLICATIONS. ADDITIONALLY, THE SHOP OFFERS CHILDREN'S BOOKS, CREATIVE ACTIVITIES, AND THOUGHTFULLY CURATED GIFT ITEMS RELATED TO CURRENT EXHIBITIONS, WHICH ENGAGE AUDIENCES IN THOUGHT PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY. 4530939 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 75 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CO X X THE ORGANIZATION 9709258050 637 E HYMAN AVE ASPEN CO 81611 AMNON RODAN PRESIDENT/ACTING TREASURER 4.00 4.00 X X 0 0 0 JAMIE TISCH VICE PRESIDENT 2.00 X X 0 0 0 MARCY EDELSTEIN SECRETARY 2.00 X X 0 0 0 SARAH ARISON TRUSTEE 1.00 X 0 0 0 SASHA BASS TRUSTEE 1.00 X 0 0 0 BARBARA BLUHM-KAUL TRUSTEE 1.00 X 0 0 0 SARAH BROUGHTON TRUSTEE 1.00 X 0 0 0 CHRIS BROWN TRUSTEE 1.00 X 0 0 0 JEFF CITRIN TRUSTEE 1.00 X 0 0 0 JANET CROWN TRUSTEE 1.00 X 0 0 0 DOMENICO DE SOLE TRUSTEE 1.00 X 0 0 0 BRUCE ETKIN TRUSTEE 1.00 X 0 0 0 JOE FELSON TRUSTEE 1.00 2.00 X 0 0 0 CHRISTY FERER TRUSTEE 1.00 X 0 0 0 DAVID GANEK TRUSTEE 1.00 X 0 0 0 STEVE HANSEN TRUSTEE 1.00 X 0 0 0 MELONY LEWIS TRUSTEE 1.00 2.00 X 0 0 0 NANCY MAGOON TRUSTEE 1.00 X 0 0 0 PAUL PARISER TRUSTEE 1.00 X 0 0 0 NANCY ROGERS TRUSTEE 1.00 X 0 0 0 ALLISON ROSE TRUSTEE 1.00 X 0 0 0 GAYLE STOFFEL TRUSTEE 1.00 X 0 0 0 MARY ZLOT TRUSTEE 1.00 X 0 0 0 CHASEN GOLUCKE ACTING DIRECTOR OF FINANCE 40.00 X 92265 0 10577 NICOLA LEES CHIEF EXECUTIVE OFFICER 40.00 2.00 X 749489 0 24377 JACLYN CARR DEPUTY DIRECTOR OF ADVANCEMENT 40.00 X 208989 0 19001 CHRISTINE NAVIN DIRECTOR OF OPERATIONS 40.00 X 168589 0 16748 DANIEL MERRITT CHIEF CURATOR 40.00 X 138913 0 10577 VINCENT HART DIRECTOR OF FACILITIES 40.00 X 113399 0 0 JANELLE CAUDILL FORMER CONTROLLER 40.00 X 125921 0 5037 1597565 0 86317 6 1 1 0 MOLLY MCIVER 256 MIDWOOD STREET BROOKLYN NY 11225 CONSULTING 251250 1 127444 80900 3263957 3472301 ADMISSIONS & TUITION 713990 1185 1185 1185 95 95 26669 1293 25376 25376 25376 83700 80900 35456 48244 48244 144970 121801 23169 23169 MISCELLANEOUS FEES 900099 2556 2556 2556 3572926 24354 0 76271 X 463600 258126 119432 86042 1709258 1072697 81313 555248 287188 73254 198883 15051 151560 97846 16675 37039 1615854 1039632 376254 199968 68911 31707 32865 4339 2965 273 2222 470 280322 204693 27756 47873 749771 426074 206492 117205 5214 3911 521 782 574176 430632 57418 86126 EXHIBIT INSTALLATION RE 510328 480815 19345 10168 SHIPPING, CRATING AND S 268841 245834 13119 9888 BUILDING AND EQUIPMENT 189067 139616 21546 27905 LICENSES, DUES AND SUBS 36820 15523 18334 2963 34579 10306 9179 15094 6948454 4530939 1201354 1216161 248509 2476822 825236 6730753 6670053 1822700 42290 362110 374486 118189 88417 45610295 10955199 35229272 34655096 965156 1407733 47705002 44311820 1008679 875084 82359 209359 1912164 1901105 73405 73405 3076607 3058953 X 36991187 33615659 7637208 7637208 44628395 41252867 47705002 44311820 -3375528 0 X 0 0 0 X 10901272 9264420 9556110 13659273 3472301 46853376 10901272 9264420 9556110 13659273 3472301 46853376 8813462 38039914 449278 323088 460299 289078 26764 1548507 48401883 2255351 0.78590 0.80030 X PART II, SECTION A ORGANIZATION CHANGED ITS FISCAL YEAR END FROM 9/30/2024 TO 3/31/2025 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41518729 3180600 -394402 2033196 184695 42087036 36266963 1073216 7088721 1647109 1263062 41518729 33699250 982807 3212906 1628000 36266963 39767568 327470 -4829963 1595825 33699250 34326737 2858660 3852171 1240000 39797568 0 1 1 7153965 7153965 37613750 10240076 27373674 842580 715123 127457 34655096 OPERATING LEASE LIABILITY 73405 73405 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 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INCREASE OF CASH SURRENDER VALUE OF LIFE INSURANCE PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 -37,813 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 - 37,813 SLOPESIDE SOIREE 164600 80900 83700 16023 10068 9365 164600 80900 83700 16023 10068 9365 35456 48244 X 0 1 X X 0 0 0 0 0 0 0 1 0 NICOLA LEES CHIEF EXECUTIVE OFFICER 709489 0 40000 0 0 0 13800 0 10577 0 773866 0 0 0 JACLYN CARR DEPUTY DIRECTOR OF ADVANCEMENT 208989 0 0 0 0 0 8424 0 10577 0 227990 0 0 0 CHRISTINE NAVIN DIRECTOR OF OPERATIONS 168589 0 0 0 0 0 6171 0 10577 0 185337 0 0 0 JANELLE CAUDILL FORMER CONTROLLER 125921 0 0 0 0 0 5037 0 0 0 130958 0 0 0 PART I, LINE 1A ASPEN ART MUSEUM PROVIDES A HOUSING ALLOWANCE APPROVED BY THE BOARD OF TRUSTEES FOR THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR. THE HOUSING ALLOWANCE BENEFITS PROVIDED ARE TAXABLE TO THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR. PART I, LINE 1B THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE AVAILABILITY OF HOUSING ALLOWANCES FOR MUSEUM EMPLOYEES. PART I, LINE 4 ASPEN ART MUSEUM AWARDED THE CHIEF EXECUTIVE OFFICE A BONUS. THIS WAS APPROVED BY THE BOARD OF TRUSTEES. PART I, LINE 7 THE ORGANIZATION'S COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2024, THE COMPENSATION COMMITTEE AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF DEVELOPMENT OFFICER A BONUS BASED ON REVIEW OF THE INDIVIDUAL'S PERFOMANCE AND SERVICES TO THE ORGANIZATION. A COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY 840896727 2012-10-12 21000000 CONSTRUCTION OF NEW MUSEUM 0 0 0 A 21000000 383791 17107748 3508461 2014 0 0 1 1 A 0 0 1 0 1 0 0 0 0 A 1 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES AND ACUTION HOUSE TO SELL THE WORKS OF ART DUING AUCTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION 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 TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS REQUIRED TO BE FILLED OUT ON AN ANNUAL BASIS BY MEMBERS OF THE BOARD OF TRUSTEES, AND ANY DISCLOSURES ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER/DIRECTOR. KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE CHIEF EXECUTIVE OFFICER/DIRECTOR; THE CHIEF EXECUTIVE OFFICER/DIRECTOR IS REQUIRED TO DISCLOSE TO THE CO-PRESIDENTS. IF A CONFLICT OF INTEREST EXISTS, THE TRUSTEE OR EMPLOYEE IS ASKED TO REFRAIN FROM VOTING OR MAKING FINAL DECISIONS IN ANY MATTERS INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR AND CEO'S COMPENSATION IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMMITTEE IS COMPRISED OF BOARD MEMBERS WHO HAVE EXPERIENCE ON MUSEUM BOARDS AND ARE FAMILIAR WITH THE COMPENSATION STANDARDS OF THE INDUSTRY. A PERIODIC COMPENSATION AUDIT IS ALSO PERFORMED BY AN OUTSIDE FIRM. THE BOARD HAS DELEGATED THE CEO TO SET THE COMPENSATION FOR OTHER KEY EMPLOYEES USING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 18 THE MUSEUM'S 990 IS AVAILABLE FOR PUBLIC INSPECTION THROUGH CANDID.ORG (FORMERLY GUIDESTAR). FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZATIONAL DOCUMENTS, FILINGS AND FINANCIAL DATA ARE MAINTAINED AT THE ORGANIZATION'S HOME OFFICE AND ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,039,632. MANAGEMENT AND GENERAL EXPENSES 359,917. FUNDRAISING EXPENSES 199,968. TOTAL EXPENSES 1,599,517. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,337. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,337. FORM 990 PAGE 1 SECTION A THE ORGANIZATION CHANGED ITS FISCAL YEAR FROM SEPTEMBER 30, 2024 TO MARCH 31, 2025 ASPEN ART MUSEUM FOUNDATION 637 E HYMAN AVENUE ASPEN CO 81611 841515243 ESTABLISHMENT AND ADMINISTRATION OF ENDOWMENT CO 501(C)(3) LINE 12A, I ASPEN ART MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ASPEN ART MUSEUM FOUNDATION C 2033196 CASH TRANSFERRED ASPEN ART MUSEUM FOUNDATION Q 184695 CASH TRANSFERRED-TRAVEL AND LABOR