2026-03-14T16:38:33-05:00 2025-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2024-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055041 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT 9709253254 2026-03-14 1 0 PAUL J BACKES P00175605 9708458800 2024 2025-03-06 01:10:19Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 65850405 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. 48 36 165 30 227129 0 21855968 25929265 7551968 8266056 9372902 9523267 -199272 -444365 38581566 43274223 3643241 3803794 0 0 6520245 6940503 0 0 1153813 14189355 15000254 24352841 25744551 14228725 17529672 137694664 155191841 8944264 7853157 128750400 147338684 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 19710591 3803794 7703429 THE ASPEN MUSIC FESTIVAL AND SCHOOL (AMFS) IS WIDELY RECOGNIZED AS ONE OF THE FINEST CLASSICAL MUSIC TRAINING AND PERFORMANCE CENTERS WORLDWIDE. PRESENTING MORE THAN 400 EVENTS DURING ITS 8-WEEK SUMMER SEASON, AMFS DRAWS LEADING CLASSICAL MUSICIANS FROM AROUND THE WORLD FOR A RICH COMBINATION OF PERFORMANCES OF ORCHESTRAL WORKS, OPERA, CHAMBER MUSIC, RECITALS, CONTEMPORARY MUSIC, WORKS BY NEW OR PREVIOUSLY UNRECOGNIZED VOICES, FAMILY EVENTS, AND TALKS, COMPETITIONS, AND CLASSES. IN 2025, MORE THAN 450 STUDENTS PARTICIPATED. STUDENTS COME FROM 40 U.S. STATES AND 40 COUNTRIES TO STUDY AND PERFORM ALONGSIDE MORE THAN 135 ARTIST-FACULTY MEMBERS. AMFS'S DISTINCTION STEMS FROM THIS COMBINATION OF SEASONED PROFESSIONALS AND YOUTH AS COLLEAGUES AND CO-INSPIRING FORCES. 544520 299149 A DEEP COMMITMENT TO ASPEN AND THE SURROUNDING COMMUNITIES IS REFLECTED IN THE DOZENS OF EVENTS AND EXPERIENCES THAT AMFS OFFERS THAT ARE FREE TO THE PUBLIC DURING THE SUMMER SEASON. A SIGNATURE SUMMER LESSON PROGRAM TAUGHT BY AMFS STUDENTS (PALS), EARLY CHILDHOOD CLASSES SUCH AS TUNES AND TALES, AND ANNUAL FAMILY CONCERTS BRING HIGH QUALITY, ENGAGING MUSICAL EXPERIENCES TO FAMILIES AND STUDENTS OF ALL AGES. FROM FALL TO SPRING, AMFS ENGAGES YOUNG AUDIENCES WITH POPULAR IN-SCHOOL AND AFTER-SCHOOL LESSONS, CLASSES, IN-SCHOOL CONCERTS, WORKSHOPS, AND PERFORMANCE OPPORTUNITIES. IN 2025, SEPTEMBER TO MAY PROGRAMS SERVED MORE THAN 500 CHILDREN THROUGHOUT THE ROARING FORK VALLEY. OTHER PROGRAM SERVICES. 20255111 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 1 330 0 165 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 48 36 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X HILARY RESPASS 9702055046 225 MUSIC SCHOOL ROAD ASPEN CO 81611 DARRETT ADKINS TRUSTEE/FACULTY 5.00 X 46010 0 0 CHARLES ANDERSON TRUSTEE 0.00 X 0 0 0 AMY MARGERUM BERG TRUSTEE 0.00 X 0 0 0 STEPHEN BRINT TRUSTEE 0.00 X 0 0 0 JACK CARTER TRUSTEE 0.00 X 0 0 0 VICTORIA CHIANG TRUSTEE/FACULTY 5.00 X 43563 0 0 ELLEN DE-PASQUALE TRUSTEE/FACULTY 5.00 X 16735 0 0 JOY DINSDALE TRUSTEE 0.00 X 0 0 0 ELAINE DOUVAS TRUSTEE/FACULTY 5.00 X 45715 0 0 NICHOLAS PAEPCKE DUBRUL TRUSTEE 0.00 X 0 0 0 ANN FRIEDMAN TRUSTEE 0.00 X 0 0 0 NANCY SWIFT FURLOTTI TRUSTEE 0.00 X 0 0 0 MARY GIESE TRUSTEE 0.00 X 0 0 0 ARJUN GUPTA TRUSTEE 0.00 X 0 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 35760 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 41419 0 0 LINDA VITTI HERBST TRUSTEE 0.00 X 0 0 0 SHEILA JOHNSON TRUSTEE 0.00 X 0 0 0 JONATHAN LEE TRUSTEE 0.00 X 0 0 0 ANTHONY MAZZA TRUSTEE 0.00 X 0 0 0 MICHAEL MERMAGEN TRUSTEE/FACULTY 5.00 X 19100 0 0 WILL MESDAG TRUSTEE 0.00 X 0 0 0 JENNIFER MOSES TRUSTEE 0.00 X 0 0 0 H GAEL NEESON TRUSTEE 0.00 X 0 0 0 ANTON NEL TRUSTEE/FACULTY 5.00 X 38500 0 0 JANET O'CONNOR TRUSTEE 0.00 X 0 0 0 HILDA OCHOA-BRILLEMBOURG TRUSTEE 0.00 X 0 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 AARON PODHURST TRUSTEE 0.00 X 0 0 0 DAN PORTERFIELD TRUSTEE 0.00 X 0 0 0 DANA POWELL TRUSTEE 0.00 X 0 0 0 AMY RONNER TRUSTEE 0.00 X 0 0 0 THOMAS RUTHERFOORD TRUSTEE 0.00 X 0 0 0 ALBERT SMALL III TRUSTEE 0.00 X 0 0 0 BRINTON AVERIL SMITH TRUSTEE/FACULTY 5.00 X 20150 0 0 VICTORIA SMITH TRUSTEE 0.00 X 0 0 0 ALIA TUTOR TRUSTEE 0.00 X 0 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 40140 0 0 BING WANG TRUSTEE/FACULTY 5.00 X 23600 0 0 BRYANT WELTERS TRUSTEE 0.00 X 0 0 0 JOSH WOLMAN TRUSTEE 0.00 X 0 0 0 ALAN FLETCHER PRESIDENT & CEO 40.00 X 573908 0 30232 ALEXANDRA MUNROE TRUSTEE/CHAIR 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE/VICE CHAIR 0.00 X 0 0 0 CHARLES WALL TRUSTEE/VICE CHAIR 0.00 X 0 0 0 SARAH BROUGHTON TRUSTEE/SECRETARY 0.00 X 0 0 0 SAM BROWN TRUSTEE/TREASURER 0.00 X 0 0 0 ROBERT J HURST TRUSTEE 0.00 X 0 0 0 CARRIE WELLS TRUSTEE 0.00 X 0 0 0 KATE NORTHFIELD LANICH VP AND GENERAL MANAGER 40.00 X 166226 0 20183 AZUSA CHAPMAN VP AND DEAN OF STUDENTS 40.00 X 169387 0 10082 PAUL GIBB CFO 40.00 X 193445 0 22974 AUSTIN STEWART VP ADVANCEMENT 40.00 X 156216 0 10000 LAURA SMITH VP MARKETING/COMM. 40.00 X 211871 0 28032 PATRICK CHAMBERLAIN VP ARTISTIC ADMIN. 40.00 X 222378 0 19896 JENNIFER B ELLIOT SR VP FINANCE/ADMIN 40.00 X 313678 0 31132 FREDERICK GRUETER MANAGER OF INFORMATION SER 40.00 X 119843 0 16419 LENOR LEEDS ASSOCIATE VP FOR ADVANCEME 40.00 X 133667 0 21340 MATTHEW BERGDAHL DIRECTOR OF FACILITIES 40.00 X 112482 0 11619 HEATHER STANTON VP OF EDUCATION AND COMMUNITY PROGRAMMING 40.00 X 108239 0 17861 2852032 0 239770 12 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 806262 MEDICITV 10 BOULEVARD DE GRENELLE PARIS FR 75015 CONCERT STREAMING 376920 TISH JIMENEZ CLEANING CO 206 LACET CT ASPEN CO 81611 MAINTENANCE 313243 RFAS INC IMG ARTISTS LLC 7 WEST 54TH ST NEW YORK NY 10019 GUEST ARTIST 241682 ROBERT SPANO 307 SEVENTH AVE SUITE 506 NEW YORK NY 10001 CONTRACT MUSIC DIRECTOR 197610 10 1599685 94900 24234680 873065 25929265 STUDENT FEES 900099 5562875 5562875 TICKET SALES 900099 2080389 2080389 OUTREACH 900099 335149 335149 PROGRAM ADVERTISING 900099 227129 227129 CONCESSIONS & TAPE SAL 900099 60514 60514 8266056 2801674 2801674 34725 0 34725 34725 34725 28587762 21866169 6721593 6721593 6721593 143860 1599685 684523 -540663 -540663 42329 25490 16839 16839 MISCELLANEOUS REVENUE 900099 24165 24165 SPLIT INTEREST AGREEME 900099 20569 20569 44734 43274223 8002578 227129 9115251 X 3803794 3803794 3103877 1200464 1399057 504356 2635893 1917603 458406 259884 172680 67022 87539 18119 618267 156453 380109 81705 409786 228259 126526 55001 34010 34010 26755 26755 248308 248308 284866 145835 60707 78324 581930 581930 411012 337985 50621 22406 291098 61657 203656 25785 211227 196914 12309 2004 418791 139156 268014 11621 3301 3301 2098403 2098403 543299 521525 14339 7435 FACULTY EXPENSES 3188414 3188414 STUDENT ROOM & BOARD CO 1767296 1767296 GUEST ARTIST EXPENSES 1374613 1374613 MISCELLANEOUS EXPENSE 635048 499339 52670 83039 2881883 2550379 327370 4134 25744551 20255111 4335627 1153813 10630697 11743385 7119625 5729942 772682 679951 94575 91054 297214 661177 66708437 44508810 21987688 22199627 24888179 30912440 63678022 75444897 8225982 7729368 137694664 155191841 1353115 808890 93228 148554 303895 257895 7194026 6637818 8944264 7853157 X 46508953 59079715 82241447 88258969 128750400 147338684 137694664 155191841 17529672 1058612 0 X 0 1 X 1 0 X 8375320 7489865 14577165 21459613 25388603 77290566 8375320 7489865 14577165 21459613 25388603 77290566 26690031 50600535 6446126 1296308 4714693 15778050 10581879 38817056 584920 513119 626901 1221589 728551 3675080 119782702 28407127 0.42240 0.46400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93945889 13396244 10100350 -4744598 -248308 112449577 81460768 765162 15962834 -4504679 -238196 93945889 67794416 8835118 8617490 -3477673 -308583 81460768 91043234 600848 -19692053 -1960480 -294238 67794416 78220685 2084119 13497912 -2522767 -236715 91043234 0.27610 0.43960 0.28430 0 0 349265 349265 52244049 32871357 19372692 1690705 1164093 526612 11008572 10442524 566048 1415846 30836 1385010 22199627 EQUITY INVESTMENT FUNDS 70040496 F ABSOLUTE RETURN HEDGE FUND 4106813 F EQUITY HEDGE FUNDS 1297588 F 75444897 MAROLT OPERATING LEASE LIABILITY 3891607 BURLINGAME OPERATING LEASE LIABILIT 2746211 6637818 44136317 1058612 51790 1110402 43025915 248308 248308 43274223 25548033 51790 51790 25496243 248308 248308 25744551 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 51,790. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 51,790. 1 1 1 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. SCHEDULE E, PART I, LINE 6 MUSIC ASSOCIATES OF ASPEN, INC. RECEIVED CONTRIBUTIONS FROM THE FOLLOWING GOVERNMENTAL AGENCIES. CITY OF ASPEN - 94,900 CENTRAL AMERICA AND CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 34864115 0 0 0 0 0 0 34864115 0 34864115 0 0 0 0 0 0 OPERA BENEFIT 208778 178278 30500 43095 58748 5482 6219 SEASON BENEFIT 1209424 1147824 61600 262584 131880 7745 5768 3 325343 273583 51760 32821 116514 10450 3217 1743545 1599685 143860 338500 307142 23677 15204 684523 -540663 1 FELLOWSHIP 261 89751 3124900 FMV TUITION/ROOM AND BOARD SCHOLARSHIPS 136 0 513165 FMV SCHOLARSHIP AID WORK STUDY 360 25178 DORM ASSISTANCE 8 0 50800 FMV DORM ASSISTANCE 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 568709 0 1000 0 4199 0 18613 0 11619 0 604140 0 0 0 JENNIFER B ELLIOT SR VP FINANCE/ADMIN 307479 0 1000 0 5199 0 18593 0 12539 0 344810 0 0 0 PATRICK CHAMBERLAIN VP ARTISTIC ADMIN. 220179 0 1000 0 1199 0 8277 0 11619 0 242274 0 0 0 LAURA SMITH VP MARKETING/COMM. 207672 0 1000 0 3199 0 13213 0 14819 0 239903 0 0 0 PAUL GIBB CFO 189246 0 1000 0 3199 0 11355 0 11619 0 216419 0 0 0 KATE NORTHFIELD LANICH VP AND GENERAL MANAGER 162027 0 1000 0 3199 0 8564 0 11619 0 186409 0 0 0 AZUSA CHAPMAN VP AND DEAN OF STUDENTS 167188 0 1000 0 1199 0 10031 0 51 0 179469 0 0 0 AUSTIN STEWART VP ADVANCEMENT 142962 0 1000 0 12254 0 0 0 10000 0 166216 0 0 0 LENOR LEEDS ASSOCIATE VP FOR ADVANCEME 129468 0 1000 0 3199 0 7768 0 13572 0 155007 0 0 0 X 39 683331 FAIR MARKET VALUE X GIFTS IN KIND 39 189734 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 FINANCE COMMITTEE PRIOR TO FILING. THE FILED FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES. 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 SUMMER STAFF HOUSING COSTS: PROGRAM SERVICE EXPENSES 530,515. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 530,515. RENTAL OF EQUIPMENT & VEHICLES: PROGRAM SERVICE EXPENSES 432,497. MANAGEMENT AND GENERAL EXPENSES 13,141. FUNDRAISING EXPENSES 4,134. TOTAL EXPENSES 449,772. MUSIC EDUCATION: PROGRAM SERVICE EXPENSES 426,877. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 426,877. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 383,451. MANAGEMENT AND GENERAL EXPENSES 19,329. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 402,780. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 294,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294,900. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 236,105. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 236,105. OUTREACH: PROGRAM SERVICE EXPENSES 136,193. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,193. COSTUME AND SETS: PROGRAM SERVICE EXPENSES 95,150. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95,150. MUSIC PURCHASES AND RENTAL: PROGRAM SERVICE EXPENSES 75,895. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,895. REPLACEMENT OF EQUIPMENT: PROGRAM SERVICE EXPENSES 70,896. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,896. STUDENT AUDITION AND RECRUITMENT: PROGRAM SERVICE EXPENSES 67,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,118. MUSIC COMMISSIONS: PROGRAM SERVICE EXPENSES 39,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,500. CONCESSIONS: PROGRAM SERVICE EXPENSES 38,715. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,715. STUDENT HEALTH SERVICE: PROGRAM SERVICE EXPENSES 17,467. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,467.