2020-06-01T12:21:51-05:00 2019-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2018-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055040 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT & CEO 9709253254 2020-06-01 1 PAUL J BACKES P00175605 9708458800 173.160.60.241 2020-06-01 11:17:53 MD P BF6084A6A60C9E6807F4698CC7DCD4AFC50FEBFC 6CDD9554995812241BF2E16DEE284C13296B6C08 2018 2020-09-23 17:36:50Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 37151657 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. 44 32 171 200 365032 0 9840370 8585389 7315393 7947406 8308868 1499247 -35152 -57815 25429479 17974227 2993915 3267565 0 0 4893797 5225023 0 0 1242358 11547988 14223650 19435700 22716238 5993779 -4742011 118757274 112915104 1197168 1378697 117560106 111536407 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 16841254 3267565 7272681 MUSIC EDUCATION FOR APPROXIMATELY 650 STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES OF APPROXIMATELY 75,000 PATRONS. 372219 286134 COMMUNITY MUSIC EDUCATION AND OUTREACH, INCLUDING SUSTAINED IN-SCHOOL ENRICHMENT AND AFTER SCHOOL PROGRAMMING FOR APPROXIMATELY 650 STUDENTS THROUGHOUT THE ROARING FORK VALLEY. OTHER PROGRAM SERVICES. 17213473 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 306 0 1 171 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 44 32 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 FLETCHER PRESIDENT/CEO 40.00 X X 573517 0 16200 ALEXANDRA MUNROE TRUSTEE 1.00 X 0 0 0 ALIA TUTOR TRUSTEE 1.00 X 0 0 0 AMY MARGERUM BERG TRUSTEE 1.00 X 0 0 0 ANN B FRIEDMAN TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 ANTHONY MAZZA TRUSTEE 1.00 X 0 0 0 ARJUN GUPTA TRUSTEE 1.00 X 0 0 0 CARRIE WELLS TRUSTEE/SECRETARY 1.00 X X 0 0 0 CHARLES ANDERSON TRUSTEE 1.00 X 0 0 0 CHARLES WALL TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 37302 0 0 DAN PORTERFIELD TRUSTEE 1.00 X 0 0 0 DANA POWELL TRUSTEE 1.00 X 0 0 0 ED BERKELEY TRUSTEE/FACULTY 5.00 X 27450 0 0 ERIKA ARONSON STERN TRUSTEE 1.00 X 0 0 0 GERALD KATCHER TRUSTEE 1.00 X 0 0 0 JAMIE HELZBERG TRUSTEE 1.00 X 0 0 0 JANET O'CONNOR TRUSTEE/TREASURER 1.00 X X 0 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 34251 0 0 JOHN FULLERTON TRUSTEE 1.00 X 0 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 28406 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 31045 0 0 JONATHAN LEE TRUSTEE 1.00 X 0 0 0 JUDITH STEINBERG TRUSTEE 1.00 X 0 0 0 LINDA VITTI HERBST TRUSTEE 1.00 X 0 0 0 MARIANNE BOESKY TRUSTEE 1.00 X 0 0 0 MARTIN CARVER TRUSTEE 1.00 X 0 0 0 MARY GIESE TRUSTEE 1.00 X 0 0 0 MICHAEL KLEIN TRUSTEE/CHAIR 2.00 X X 0 0 0 MICHAEL MERMAGEN TRUSTEE/FACULTY 5.00 X 31754 0 0 MICHAEL MURRAY TRUSTEE 1.00 X 0 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 33401 0 0 PATRICIA PAPPER TRUSTEE 1.00 X 0 0 0 PAUL KANTOR TRUSTEE/FACULTY 5.00 X 54360 0 0 PER HANNEVOLD TRUSTEE/FACULTY 5.00 X 38714 0 0 RICHARD FELDER TRUSTEE 1.00 X 0 0 0 ROBERT J HURST TRUSTEE 1.00 X 0 0 0 SAM BROWN TRUSTEE 1.00 X 0 0 0 STEPHEN BRINT TRUSTEE 1.00 X 0 0 0 STEPHEN DRIMMER TRUSTEE 1.00 X 0 0 0 VICTORIA SMITH TRUSTEE 1.00 X 0 0 0 WARREN DECK TRUSTEE/FACULTY 5.00 X 25183 0 0 WILLEM MESDAG TRUSTEE 1.00 X 0 0 0 ESPEN LILLESLATEN TRUSTEE/FACULTY 5.00 X 30727 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 205152 0 11796 JENNIFER B ELLIOT VP FINANCE/ADMIN 40.00 X 241698 0 13876 JENNIFER WHITE VP & DEAN OF STUDENTS 40.00 X 164530 0 9359 KEITH ELDER VP AND GENERAL MANAGER 40.00 X 173378 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 40.00 X 170854 0 12985 PAUL GIBB CONTROLLER 40.00 X 139056 0 6525 STEVE HADDAD VP DEVELOPMENT 40.00 X 221172 0 0 2261950 0 70741 8 0 1 0 FCI CONSTRUCTORS 3070 I-70 BUSINESS LOOP BLDG A GRAND JUNCTION CO 81504 CONSTRUCTION 2084642 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 628887 OPUS 3 ARTISTS AAF ROBERT SPANO 470 PARK AVENUE SOUTH 9TH FLOOR NO NEW YORK NY 10016 ENTERTAINMENT 247194 TISH JIMENEZ CLEANING CO 206 LACET CT ASPEN CO 81611 MAINTENANCE 232540 A4 ARCHITECTS 242 N 7TH ST CARBONDALE CO 81623 ARCHITECTURE 109887 6 1184940 95600 7304849 1445980 8585389 STUDENT FEES 900099 5163510 5163510 TICKET SALES 900099 2060184 2060184 PROGRAM ADVERTISING 511120 365032 365032 OUTREACH 900099 286134 286134 CONCESSIONS & TAPE SAL 900099 72546 72546 7947406 1245725 1245725 102225 0 102225 102225 102225 19070603 18817081 253522 253522 253522 137265 1184940 349006 -211741 -211741 23983 11343 12640 12640 MISCELLANEOUS REVENUE 900099 48987 48987 SPLIT INTEREST AGREEME 900099 -9926 -9926 39061 17974227 7558815 365032 1464991 X 3267565 3267565 2301965 1034575 733545 533845 2153768 1553515 261376 338877 99345 35041 57474 6830 383766 124724 203614 55428 286179 175006 61413 49760 7297 7297 23200 23200 183009 183009 205796 134384 21342 50070 285537 285537 392271 330062 24097 38112 204247 105302 90793 8152 266900 229663 32024 5213 231345 131850 52813 46682 2599276 2599276 228938 185641 35241 8056 FACULTY EXPENSES 2755024 2755024 BAD DEBT EXPENSE 2151372 2151372 STUDENT ROOM & BOARD CO 1336974 1336974 GUEST ARTIST EXPENSES 829573 829573 2522891 2385298 36260 101333 22716238 17213473 4260407 1242358 2332969 2555630 6115326 2795463 349429 241010 17465 20424 137514 135262 61415226 33377052 30553284 28038174 30546347 28518038 47826689 49715704 878251 895399 118757274 112915104 1118260 1288586 78908 90111 1197168 1378697 X 43127704 41739046 27870349 26628711 46562053 43168650 117560106 111536407 118757274 112915104 -4742011 -1281688 0 X X 0 1 X 1 0 X 11332570 11826620 10522065 9569911 8373646 51624812 11332570 11826620 10522065 9569911 8373646 51624812 5942858 45681954 808269 1217490 1585047 8209218 1285742 13105766 1126757 1364441 873647 914108 1014800 5293753 70024331 32296099 0.65240 0.71010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77462400 3250206 173684 -1629282 -1804510 -183009 77269489 72272658 4389968 3828417 -1580508 -1320212 -127923 77462400 64297322 1699609 9173591 -1443351 -1278477 -176036 72272658 61673040 1557461 3729485 -1376637 -1196061 -89966 64297322 62556288 2484922 -617898 -1442946 -1217585 -89741 61673040 0.15670 0.28470 0.55860 0 0 349265 349265 46597294 27226421 19370873 1132006 751333 380673 2673650 2260145 413505 10663011 3139153 7523858 28038174 EQUITY INVESTMENT FUNDS 31284091 F ABSOLUTE RETURN HEDGE FUNDS 8605442 F EQUITY HEDGE FUNDS 9826171 F 49715704 16592889 -1281682 83353 -1198329 17791218 183009 183009 17974227 22616582 83353 83353 22533229 183009 183009 22716238 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: INTERNALLY GENERATED REVENUE/EXPENSE 72,010. COST OF SALES 11,343. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 11,343. INTERNALLY GENERATED REVENUE/EXPENSE 72,010. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 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. WE SOLICIT STUDENTS INTERNATIONALLY, SO NEWSPAPERS OR BROADCAST MEDIA WOULD BE INEFFECTIVE. 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 - 10,000 OTHER GOVERNMENT AGENCIES - $600 CENTRAL AMERICA AND CARIBBEAN 0 ENDOWMENT INVESTMENTS 23309653 0 0 0 0 0 0 23309653 0 23309653 0 0 0 0 0 0 SEASON BENEFIT 1046231 964681 81550 106232 97591 2083 47681 OPERA BENEFIT 154125 134625 19500 2836 23039 2300 10284 3 121849 85634 36215 5992 49893 1075 1322205 1184940 137265 115060 170523 4383 59040 349006 -211741 1 FELLOWSHIPS 260 182460 2034000 FAIR MARKET VALUE TUITION AND ROOM & BOARD SCHOLARSHIPS 211 915298 FAIR MARKET VALUE TUITION AND ROOM & BOARD WORK STUDY 277 72807 0 DORM ASSISTANCE 12 63000 FAIR MARKET VALUE ROOM & BOARD 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 558866 0 0 0 14651 0 16200 0 0 0 589717 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 196010 0 0 0 9142 0 11796 0 0 0 216948 0 0 0 JENNIFER B ELLIOT VP FINANCE/ADMIN 226637 0 0 0 15061 0 13876 0 0 0 255574 0 0 0 JENNIFER WHITE VP & DEAN OF STUDENTS 156888 0 0 0 7642 0 9359 0 0 0 173889 0 0 0 KEITH ELDER VP AND GENERAL MANAGER 158081 0 0 0 15297 0 0 0 0 0 173378 0 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 156084 0 0 0 14770 0 12985 0 0 0 183839 0 0 0 STEVE HADDAD VP DEVELOPMENT 194643 0 0 0 26529 0 0 0 0 0 221172 0 0 0 VIRGINIA WECKSTROM SPOUSE OF TRUSTEE 25049 FACULTY COMPENSATION 0 EDGAR MEYER SPOUSE OF TRUSTEE 4000 MUSIC COMMISSION 0 X 12 1246473 FAIR MARKET VALUE X GIFTS IN KIND 25 199508 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. FORM 990, PART IX, LINE 24E RENTAL OF EQUIPMENT & VEHICLES : PROGRAM SERVICE EXPENSES 390,611. MANAGEMENT AND GENERAL EXPENSES 5,051. FUNDRAISING EXPENSES 6,537. TOTAL EXPENSES 402,199. REPAIRS & MAINTENANCE : PROGRAM SERVICE EXPENSES 356,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 356,572. SUMMER STAFF HOUSING COSTS : PROGRAM SERVICE EXPENSES 353,424. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 353,424. MISCELLANEOUS EXPENSE : PROGRAM SERVICE EXPENSES 140,151. MANAGEMENT AND GENERAL EXPENSES 31,209. FUNDRAISING EXPENSES 94,796. TOTAL EXPENSES 266,156. MUSIC EDUCATION : PROGRAM SERVICE EXPENSES 241,398. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 241,398. STUDENT TRANSPORTATION : PROGRAM SERVICE EXPENSES 210,157. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,157. OUTREACH : PROGRAM SERVICE EXPENSES 141,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,004. CAMPUS MASTER PLAN : PROGRAM SERVICE EXPENSES 132,540. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,540. REPLACEMENT OF EQUIPMENT : PROGRAM SERVICE EXPENSES 87,093. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,093. MUSIC PURCHASES AND RENTAL : PROGRAM SERVICE EXPENSES 86,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,328. STUDENT AUDITION AND RECRUITMENT : PROGRAM SERVICE EXPENSES 85,609. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,609. CONCESSIONS : PROGRAM SERVICE EXPENSES 48,099. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,099. MUSIC COMMISSIONS : PROGRAM SERVICE EXPENSES 41,863. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,863. COSTUME AND SETS : PROGRAM SERVICE EXPENSES 37,862. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,862. STUDENT HEALTH SERVICE : PROGRAM SERVICE EXPENSES 32,587. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,587. FORM 990, PART XII, LINE 2C: MUSIC ASSOCIATES OF ASPEN HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT AND SELECTS THE INDEPENDENT ACCOUNTANT.