2023-04-21T16:48:54-05:00 2022-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2021-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055043 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT & CEO 9709253254 2023-04-21 1 ALAN FLETCHER 999009999 PAUL J BACKES P00175605 9708458800 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 31002216 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 40 124 35 250794 0 11393910 7783561 4715036 6835070 6614107 1715016 -34523 -356478 22688530 15977169 2531272 3116117 0 0 5020913 5459693 0 0 1287470 9718417 12059812 17270602 20635622 5417928 -4658453 125000117 107953322 1096707 9957945 123903410 97995377 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 16479217 3116117 6441173 MUSIC EDUCATION FOR STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES. 338877 213129 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. 16818094 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 1 236 0 124 1 1 1 0 0 0 0 1 1 0 0 0 0 X 50 40 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER B ELLIOT 9702055040 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN ENGLANDER TRUSTEE 0.00 X 0 0 0 ALAN FLETCHER PRESIDENT/CEO 40.00 X X 534130 0 33185 ALEXANDRA MUNROE TRUSTEE 0.00 X 0 0 0 ALIA TUTOR TRUSTEE 0.00 X 0 0 0 AMY MARGERUM BERG TRUSTEE 0.00 X 0 0 0 ANN B FRIEDMAN TRUSTEE/VICE CHAIR 0.00 X X 0 0 0 ANTHONY MAZZA TRUSTEE 0.00 X 0 0 0 ARJUN GUPTA TRUSTEE 0.00 X 0 0 0 BRYAN WELTERS TRUSTEE 0.00 X 0 0 0 CARRIE WELLS TRUSTEE/SECRETARY 0.00 X X 0 0 0 CATHY KOPLOVITZ TRUSTEE 0.00 X 0 0 0 CHARLES ANDERSON TRUSTEE 0.00 X 0 0 0 CHARLES RIVKIN TRUSTEE 0.00 X 0 0 0 CHARLES WALL TRUSTEE/VICE CHAIR 0.00 X X 0 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 39729 0 0 DAN PORTERFIELD TRUSTEE 0.00 X 0 0 0 DANA POWELL TRUSTEE 0.00 X 0 0 0 ERIKA ARONSON STERN TRUSTEE 0.00 X 0 0 0 ESPEN LILLESLATEN TRUSTEE/FACULTY 5.00 X 27840 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 H GAEL NEESON TRUSTEE 0.00 X 0 0 0 JAMES DUNHAM TRUSTEE/FACULTY 5.00 X 31617 0 0 JAMIE HELZBERG TRUSTEE 0.00 X 0 0 0 JANET O'CONNOR TRUSTEE 0.00 X 0 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 36087 0 0 JOHN FULLERTON TRUSTEE 0.00 X 0 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 31955 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 31782 0 0 JONATHAN LEE TRUSTEE 0.00 X 0 0 0 JOSH WOLMAN TRUSTEE 0.00 X 0 0 0 JUDITH STEINBERG TRUSTEE 0.00 X 0 0 0 LINDA VITTI HERBST TRUSTEE 0.00 X 0 0 0 MARIANNE BOESKY TRUSTEE 0.00 X 0 0 0 MARY GIESE TRUSTEE 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE/CHAIR 0.00 X X 0 0 0 MICHAEL MERMAGEN TRUSTEE/FACULTY 5.00 X 18375 0 0 MICHAEL MURRAY TRUSTEE 0.00 X 0 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 33114 0 0 NANCY FURLOTTI TRUSTEE 0.00 X 0 0 0 NICHOLAS DUBRUL TRUSTEE 0.00 X 0 0 0 RICHARD FELDER TRUSTEE 0.00 X 0 0 0 ROBERT J HURST TRUSTEE 0.00 X 0 0 0 SAM BROWN TRUSTEE/TREASURER 0.00 X X 0 0 0 SARAH BROUGHTON TRUSTEE 0.00 X 0 0 0 STEPHEN BRINT TRUSTEE 0.00 X 0 0 0 STEPHEN DRIMMER TRUSTEE 0.00 X 0 0 0 TIMOTHY PITTS TRUSTEE/FACULTY 5.00 X 45050 0 0 VICTORIA SMITH TRUSTEE 0.00 X 0 0 0 WARREN DECK TRUSTEE/FACULTY 5.00 X 26309 0 0 WILLEM MESDAG TRUSTEE 0.00 X 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 212487 0 25329 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 40.00 X 280618 0 36125 JENNIFER WHITE VP SCHOOL AND FESTIVAL OPERATIONS 40.00 X 203982 0 21829 LAURA SMITH VP MARKETING/COMMUNICATION 40.00 X 189666 0 32456 MI RYUNG SONG VP ADVANCEMENT 40.00 X 168192 0 6696 PAUL GIBB CONTROLLER 40.00 X 140435 0 24697 2051368 0 180317 7 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 461372 ROBERT SPANO 307 SEVENTH AVE SUITE 506 NEW YORK NY 10001 CONTRACT MUSIC DIRECTOR 237775 RFAS INC FSO RENEE FLEMING IMG ARTISTS LLC 7 WEST 54TH ST NEW YORK NY 10019 GUEST ARTIST 215000 TISH JIMENEZ CLEANING COMPANY 206 LACET CT ASPEN CO 81611 MAINTENANCE 205111 4 948577 443461 6391523 691892 7783561 STUDENT FEES 900099 4528335 4528335 TICKET SALES 900099 1779327 1779327 PROGRAM ADVERTISING 900099 250794 250794 OUTREACH 900099 248629 248629 CONCESSIONS & TAPE SALES 900099 27985 27985 6835070 926717 926717 11998 0 11998 11998 11998 15413004 14624705 788299 788299 788299 66591 948577 360288 -293697 -293697 25086 40054 -14968 -14968 MISCELLANEOUS REVENUE 900099 98011 98011 SPLIT INTEREST AGREEMENTS 900099 -157822 -157822 -59811 15977169 6654302 250794 1288512 3116117 3116117 2203839 953152 720140 530547 2413473 1590192 393768 429513 133990 49722 71659 12609 404888 148930 197738 58220 303503 174050 69892 59561 45492 45492 38229 38229 294238 294238 293183 107537 114460 71186 243583 243583 394441 329981 34803 29657 225503 72816 152687 200195 162560 32366 5269 136828 103257 27961 5610 1935520 1935520 497716 461551 30775 5390 FACULTY EXPENSES 2915334 2915334 STUDENT ROOM & BOARD CO 1547795 1547795 GUEST ARTIST EXPENSES 919410 919410 RENTAL OF EQUIPMENT & V 414696 414696 1957649 1815474 62267 79908 20635622 16818094 2530058 1287470 5754440 5077362 1662418 1443736 87816 269372 24330 28434 165403 171311 62365175 39598906 24334897 22766269 12374073 11220955 79488853 57502411 1107887 9473472 125000117 107953322 654980 1026177 278783 44449 0 0 162944 395895 0 8491424 1096707 9957945 X 42740152 37045170 81163258 60950207 123903410 97995377 125000117 107953322 -4658453 -21249580 0 X 0 1 X 1 0 X 9569911 8373646 7321516 8375320 7489865 41130258 9569911 8373646 7321516 8375320 7489865 41130258 5062873 36067385 8209218 1285742 601108 6446126 1296308 17838502 914108 1014800 211653 584920 513119 3238600 62207360 20988735 0.57980 0.59020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 72272658 4389968 3828417 -1580508 -1320212 -127923 77462400 0.11100 0.66760 0.22140 0 0 349265 349265 46882055 31573856 15308199 1690705 900067 790638 10654500 4640451 6014049 2788650 2484532 304118 22766269 EQUITY INVESTMENT FUNDS 46271288 F ABSOLUTE RETURN HEDGE FUNDS 3962548 F EQUITY HEDGE FUNDS 7268575 F 57502411 OPERATING LEASE RIGHT-OF-USE ASSET 8421494 OTHER ASSETS 1051978 9473472 OPERATING LEASE LIABILITY 8491424 8491424 -5505728 -21251583 62924 -21188659 15682931 294238 294238 15977169 20404308 62924 62924 20341384 294238 294238 20635622 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 40,054. INTERNAL BILLING ADS 22,870. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 294,238. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 40,054. INTERNAL BILLING ADS 22,870. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 294,238. 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 - $85,000 STATE OF COLORADO - $54,250 COLORADO CREATIVE INDUSTRIES - $210,000 CENTRAL AMERICA AND CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 31863965 0 0 0 0 0 0 31863965 0 31863965 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SEASON BENEFIT 646506 634305 12201 100660 54595 44215 11540 OPERA BENEFT 229114 197864 31250 28185 59002 1629 3244 3 139548 116408 23140 8910 34592 5781 7935 1015168 948577 66591 137755 148189 51625 22719 360288 -293697 1 FELLOWSHIP 265 90638 2490550 FMV TUITION/R&B SCHOLARSHIPS 119 449890 0 FMV WORK STUDY 245 45039 DORM ASSSISTANCE 8 40000 FMV 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 507608 0 0 0 26522 0 17400 0 15785 0 567315 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 276582 0 0 0 4036 0 16085 0 20040 0 316743 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 211488 0 0 0 999 0 12560 0 12769 0 237816 0 0 0 JENNIFER WHITE VP SCHOOL AND FESTIVAL OPERATIONS 202983 0 0 0 999 0 11810 0 10019 0 225811 0 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 188667 0 0 0 999 0 11605 0 20851 0 222122 0 0 0 MI RYUNG SONG VP ADVANCEMENT 166716 0 0 0 1476 0 0 0 6696 0 174888 0 0 0 PAUL GIBB CONTROLLER 140435 0 0 0 0 0 8724 0 15973 0 165132 0 0 0 X 18 513933 FAIR MARKET VALUE X GIFTS IN KIND 20 177960 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 OF TRUSTEES PRIOR TO FILING. 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.