2023-08-09T15:34:12-05:00 2022-09-30 840803727 REESE HENRY & COMPANY INC 400 E MAIN ST STE 2 ASPEN CO 81611 990 2021-10-01 840746671 ASPEN ART MUSEUM ASPE 9709258050 637 E HYMAN AVE ASPEN CO 81611 JOHN PHELAN CHAIR 9709258050 2023-08-09 1 JOHN PHELAN 999009999 DENISE JURGENS CPA P00087338 9709253771 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JOHN PHELAN 637 E HYMAN AVE ASPEN CO 81611 12970751 0 X WWW.ASPENARTMUSEUM.ORG X 1977 CO PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL, CONTEMPORARY ART 22 22 86 27 0 0 10901272 9264420 69425 50651 -128 -1694 -1426047 76104 9544522 9389481 0 0 0 0 3310415 4651382 0 0 2045785 4902210 7395160 8212625 12046542 1331897 -2657061 45036257 42487340 3220433 3328577 41815824 39158763 X THE ASPEN ART MUSEUM IS A NON-COLLECTING INSTITUTION PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL, CONTEMPORARY ART. ITS INNOVATIVE AND TIMELY EXHIBITIONS, EDUCATION AND PUBLIC PROGRAMS, IMMERSIVE ACTIVITIES, AND COMMUNITY HAPPENINGS ACTIVELY ENGAGE AUDIENCES IN THOUGHT PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY. 0 0 5936874 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 US 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 SURROUNDING COLORADO COMMUNITIES. 1312333 50651 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 2021-2022 FISCAL YEAR, THE AAM SERVED 8,032 STUDENTS AND TEACHERS THROUGH SCHOOL TOURS AND CLASSROOM VISITS, YOUTH, FAMILY, AND TEEN PROGRAMS, COMMUNITY PROGRAMS, AND TOURS. THE AAM IS ONE OF FOUR ACCREDITED ART MUSEUMS IN THE STATE OF COLORADO AND THE ONLY ACCREDITED ART MUSEUM LOCATED IN THE WESTERN PORTION OF THE STATE. THE MUSEUM'S REACH CONTINUES TO BROADEN, WITH AN ATTENDANCE TOTAL OF 62,993 PEOPLE IN THE FISCAL YEAR 2022. 1475414 418902 AUXILIARY SERVICES INCLUDING THE MUSEUM SHOP AND CAFE. THE MUSEUM SHOP OFFERS A VARIETY OF CONTEMPORARY ART BOOKS, FOCUSING ON CONTEMPORARY ARTISTS, GROUP EXHIBITIONS AT OTHER RENOWNED INSTITUTIONS, AND ART HISTORY PUBLICATIONS. THE ASPEN ART PRESS PUBLISHES APPROXIMATELY FOUR TO FIVE CATALOGUES A YEAR THAT RELATE TO THE MUSEUM'S EXHIBITION PROGRAMMING, WHICH ARE AVAILABLE FOR PURCHASE IN THE MUSEUM SHOP AND INCLUDE ESSAYS BY THE AAM CURATORIAL STAFF AS WELL AS INTERNATIONAL WRITERS WHO ARE EXPERTS IN THE FIELD OF CONTEMPORARY ART AND CULTURE. ADDITIONALLY, THE SHOP OFFERS CHILDREN'S BOOKS, CREATIVE ACTIVITIES, AND AN INCREASING NUMBER OF ARTIST EDITIONS, WHICH ENGAGE AUDIENCES IN THOUGHTPROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY. 8724621 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 83 0 1 86 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CO X THE ORGANIZATION 9709258050 637 E HYMAN AVE ASPEN CO 81611 JOHN PHELAN CHAIR 4.00 X X 0 0 0 MELONY LEWIS CO-PRESIDENT 4.00 2.00 X X 0 0 0 AMNON RODAN CO-PRESIDENT 4.00 4.00 X X 0 0 0 MARY SCANLAN SECRETARY 4.00 X X 0 0 0 JUSTIN DOUGLAS TREASURER 4.00 2.00 X X 0 0 0 BARBARA BLUHM-KAUL TRUSTEE 2.00 X 0 0 0 JANET CROWN TRUSTEE 2.00 X 0 0 0 DOMENICO DESOLE TRUSTEE 2.00 X 0 0 0 MARCY EDELSTEIN TRUSTEE 2.00 2.00 X 0 0 0 PAUL EDGERLEY TRUSTEE 2.00 X 0 0 0 JOE FELSON TRUSTEE 2.00 2.00 X 0 0 0 CHRISTY FERER TRUSTEE 2.00 X 0 0 0 BARBARA GAMSON TRUSTEE 2.00 X 0 0 0 DAVID GANEK TRUSTEE 2.00 X 0 0 0 STEVE HANSEN TRUSTEE 2.00 X 0 0 0 TOBY LEWIS TRUSTEE 2.00 X 0 0 0 NANCY MAGOON TRUSTEE 2.00 X 0 0 0 NICOLA MARCUS TRUSTEE 2.00 X 0 0 0 PAUL PARISER TRUSTEE 2.00 X 0 0 0 KELLI QUESTROM TRUSTEE 2.00 X 0 0 0 NANCY ROGERS TRUSTEE 2.00 X 0 0 0 JAMIE TISCH TRUSTEE 2.00 X 0 0 0 NICOLA LEES CHIEF EXECUTIVE OFFICER/DIRECTOR 60.00 2.00 X 402939 0 17325 TYLER SCHUBE RESIGNED 113022 CHIEF FINANCIAL OFFICER 50.00 X 174427 0 18816 LUIS YLLANES CHIEF OPERATIONS OFFICER 50.00 X 154873 0 17231 732239 0 53372 3 0 1 0 BETHEL PARTY RENTALS 5447 CO RD 154 GLENWOOD SPRINGS CO 81601 EVENT RENTALS - ARTCRUSH AND OTHER 424596 EPICURE CATERING PO BOX 11452 ASPEN CO 81612 CATERING SERVICES - AAM EVENTS & SO CAF 381280 UNITED HEALTHCARE PO BOX 1459 MINNEAPOLIS MN 55440 HEALTH AND DENTAL INSURANCE 218950 SCHWARTZMAN & ASSOCIATES 535 W 22ND STREET 4TH FLOOR NEW YORK NY 10011 CONTRACT - ART SERVICES 209873 ASPEN SKIING COMPANY PO BOX 1248 ASPEN CO 81612 FOOD AND BEVERAGE ARTCRUSH 157095 15 276847 4158600 1595825 53337 3179811 9264420 ADMISSIONS & TUITION 713990 50651 50651 50651 645 645 322443 51868 270575 270575 270575 1000 3339 -2339 -2339 -2339 2358175 4158600 2971548 -613373 -613373 973417 554515 418902 418902 9389481 469553 0 -344492 X 887559 499942 154020 233597 3045697 2361376 154429 529892 65813 43747 6901 15165 367889 279415 20656 67818 284424 217380 18518 48526 1865274 751409 538080 575785 94254 80343 13122 789 52462 29496 13956 9010 307685 206001 30973 70711 427784 396926 13173 17685 577597 394811 47683 135103 114847 84391 12182 18274 1061421 796066 106142 159213 EXHIBIT INSTALLATION RE 1010727 973484 25793 11450 SHIPPING, CRATING AND S 657072 654149 874 2049 BUILDING AND EQUIPMENT 585539 434678 75803 75058 LOSS ON UNCOLLECTABLE P 477003 477003 163495 44004 43831 75660 12046542 8724621 1276136 2045785 3813518 2571506 1974015 171353 579714 1402024 418681 657796 98639 140850 45207991 8215727 37670143 36992264 481547 551547 45036257 42487340 699429 1024443 294968 281764 2226036 2022370 3220433 3328577 X 41777824 39120763 38000 38000 41815824 39158763 45036257 42487340 -2657061 0 X 0 1 X 1 0 X 6297290 8204530 5684668 10901272 9264420 40352180 6297290 8204530 5684668 10901272 9264420 40352180 6208157 34144023 544239 605024 134619 449278 323088 2056248 42408428 1024068 0.80510 0.81530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39767568 327470 -4829963 1595825 33699250 34326737 2858660 3852171 1240000 39797568 32742495 459532 2339710 1215000 34326737 31807980 905416 1088360 1059261 32742495 24919239 6762864 934727 808850 31807980 0.00067 0.98674 0.01259 0 1 1 7153965 7153965 37322871 7788747 29534124 731155 426980 304175 36992264 X 9441349 0 9441349 -51868 -51868 9389481 12098410 51868 51868 12046542 0 12046542 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 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 - 51,868 -51,868. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 - 51,868 51,868. ARTCRUSH 5986700 5986700 528092 373780 125809 1452940 ARTTRIP 530075 530075 21258 469669 6516775 6516775 528092 395038 125809 1922609 2971548 -2971548 X 0 1 X X 0 0 0 0 0 0 0 1 0 NICOLA LEES CHIEF EXECUTIVE OFFICER/DIRECTOR 377939 0 25000 0 0 0 5560 0 11765 0 420264 0 0 0 TYLER SCHUBE RESIGNED 113022 CHIEF FINANCIAL OFFICER 154307 0 20120 0 0 0 7051 0 11765 0 193243 0 0 0 LUIS YLLANES CHIEF OPERATIONS OFFICER 137873 0 17000 0 0 0 5556 0 11675 0 172104 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 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, 2021, THE COMPENSATION COMMITTEE AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF OPERATING 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 18492542 21000000 383791 17107748 3508461 2014 0 0 1 1 A 0 0 1 0 1 0 0 0 0 A 1 X 62 4243300 SELLING PRICE OF DONATED 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. 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 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 751,409. MANAGEMENT AND GENERAL EXPENSES 492,471. FUNDRAISING EXPENSES 575,785. TOTAL EXPENSES 1,819,665. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,609. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,609. 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 1 1 0 0 0 ASPEN ART MUSEUM FOUNDATION B 1595825 CASH TRANSFERRED