2022-05-04T11:11:00-05:00 2021-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2020-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055041 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT & CEO 9709253254 2022-05-04 1 ALAN FLETCHER 999009999 PAUL J BACKES P00175605 9708458800 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 45603177 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. 47 37 52 0 337372 41627 7432357 11393910 291098 4715036 709447 6614107 48229 -34523 8481131 22688530 0 2531272 0 0 4318471 5020913 0 0 1100039 5548828 9718417 9867299 17270602 -1386168 5417928 112700014 125000117 1348295 1096707 111351719 123903410 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 13547033 2531272 4340405 MUSIC EDUCATION FOR STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES. 235730 111981 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. 13782763 1 1 0 1 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 1 0 0 1 0 0 0 0 0 0 0 0 1 177 0 52 1 1 1 0 0 0 0 0 0 0 0 0 X 47 37 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 557513 0 26331 PAUL KANTOR TRUSTEE/FACULTY 5.00 X 53800 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 43700 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 33000 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 30450 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 28700 0 0 WARREN DECK TRUSTEE/FACULTY 5.00 X 25752 0 0 MICHAEL MERMAGEN TRUSTEE/FACULTY 5.00 X 12400 0 0 ED BERKELEY TRUSTEE/FACULTY 5.00 X 12000 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 4340 0 0 PER HANNEVOLD TRUSTEE/FACULTY 5.00 X 2150 0 0 ALAN ENGLANDER TRUSTEE 0.00 X 0 0 0 ALAN PODHURST TRUSTEE 0.00 X 0 0 0 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 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 WALL TRUSTEE/VICE CHAIR 0.00 X X 0 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 LILLESLATTEN TRUSTEE/FACULTY 5.00 X 0 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 H GAEL NEESON TRUSTEE 0.00 X 0 0 0 JAMIE HELZBERG TRUSTEE 0.00 X 0 0 0 JANET O'CONNOR TRUSTEE 0.00 X 0 0 0 JOHN FULLERTON TRUSTEE 0.00 X 0 0 0 JONATHAN LEE 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 MURRAY TRUSTEE 0.00 X 0 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 STEPHEN BRINT TRUSTEE 0.00 X 0 0 0 STEPHEN DRIMMER TRUSTEE 0.00 X 0 0 0 VICTORIA SMITH TRUSTEE 0.00 X 0 0 0 WILLEM MESDAG TRUSTEE 0.00 X 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 40.00 X 252578 0 24637 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 205494 0 21621 STEVE HADDAD VP DEVELOPMENT 40.00 X 205385 0 9231 JENNIFER WHITE VP & DEAN OF STUDENTS 40.00 X 169580 0 19609 LAURA SMITH VP MARKETING/COMMUNICATION 40.00 X 164601 0 19286 PAUL GIBB CONTROLLER 40.00 X 132141 0 17017 JUSTIN BROWN FORMER VP & GENERAL MANAGE 40.00 X 163765 0 8397 2097349 0 146129 8 1 1 0 TISH JIMENEZ CLEANING CO 206 LACET CT ASPEN CO 81611 MAINTENANCE 125340 1 837007 2745820 7811083 1091729 11393910 STUDENT FEES 900099 2580166 2580166 TICKET SALES 900099 1680623 1680623 PROGRAM ADVERTISING 900099 337372 337372 OUTREACH 900099 116481 116481 CONCESSIONS & TAPE SALES 900099 394 394 4715036 737037 737037 18257 0 18257 18257 18257 28458107 22581037 5877070 5877070 5877070 117629 837007 329762 -212133 -212133 1422 3848 -2426 -2426 SPLIT INTEREST AGREEMENTS 900099 86663 86663 MISCELLANEOUS REVENUE 900099 75116 75116 161779 22688530 4452386 337372 6504862 2531272 2531272 2298887 1020008 773655 505224 1911872 1275536 296821 339515 131086 55798 66052 9236 407557 115927 240883 50747 271511 156370 65197 49944 11433 11433 24080 24080 236715 236715 220308 86342 88793 45173 187379 187379 321377 264216 32853 24308 243776 42818 171438 29520 212006 185662 22656 3688 100121 75774 20435 3912 1916487 1916487 476988 454074 21560 1354 FACULTY EXPENSES 2275868 2275868 STUDENT ROOM & BOARD CO 1134759 1134759 GUEST ARTIST EXPENSES 574825 574825 RENTAL OF EQUIPMENT & V 270290 270290 1512005 1346737 127850 37418 17270602 13782763 2387800 1100039 4419841 5754440 1932455 1662418 32995 87816 23316 24330 262928 165403 61998283 37663386 25804950 24334897 22860410 12374073 56371675 79488853 991444 1107887 112700014 125000117 442458 654980 182337 278783 723500 162944 1348295 1096707 X 40916331 42740152 70435388 81163258 111351719 123903410 112700014 125000117 5417928 7133763 0 X 0 1 X 1 1 1 X 10522065 9569911 8373646 7321516 8375320 44162458 10522065 9569911 8373646 7321516 8375320 44162458 6219243 37943215 1585047 8209218 1285742 601108 6446126 18127241 873647 914108 1014800 211653 584920 3599128 65888827 24775923 0.57590 0.63750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 1 10000 0 0 0 10000 0 PART II-B, LINE 1: POLITICAL ACTIVITY INCLUDED ADVOCACY FOR A BALLOT MEASURE IN THE CITY OF ASPEN REGARDING FUNDING FOR ARTS ORGANIZATIONS. 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 64297322 1699609 9173591 -1443351 -1278477 -176036 72272658 0.16700 0.49120 0.34180 0 0 349265 349265 46680333 30284557 16395776 1515938 824293 691645 2788650 2413480 375170 10664097 4141056 6523041 24334897 EQUITY INVESTMENT FUNDS 59257746 F ABSOLUTE RETURN HEDGE FUNDS 8141888 F EQUITY HEDGE FUNDS 12089219 F 79488853 29616556 7133763 30978 7164741 22451815 236715 236715 22688530 17064865 30978 30978 17033887 236715 236715 17270602 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 3,848. TRADE ADS 27,130. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 236,715. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 3,848. TRADE ADS 27,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 236,715. 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 - $54,250 CENTRAL AMERICA AND CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 45292975 0 0 0 0 0 0 45292975 0 45292975 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SEASON BENEFIT 658682 607582 51100 64653 117531 1944 13558 WINTER BENEFIT 199575 175175 24400 13511 34034 8468 3 96379 54250 42129 102 15464 59479 1018 954636 837007 117629 78266 167029 69891 14576 329762 -212133 1 FELLOWSHIPS 260 48804 2455700 FMV TUITION AND ROOM & BOARD WORK STUDY 277 26768 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 475167 0 0 0 82346 0 17100 0 9231 0 583844 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADM 248298 0 0 0 4280 0 15406 0 9231 0 277215 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 204494 0 0 0 1000 0 12390 0 9231 0 227115 0 0 0 STEVE HADDAD VP DEVELOPMENT 204385 0 0 0 1000 0 0 0 9231 0 214616 0 0 0 JENNIFER WHITE VP & DEAN OF STUDENTS 168580 0 0 0 1000 0 10378 0 9231 0 189189 0 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 163601 0 0 0 1000 0 10055 0 9231 0 183887 0 0 0 JUSTIN BROWN FORMER VP & GENERAL MANAGE 162765 0 0 0 1000 0 0 0 8397 0 172162 0 0 0 VIRGINIA WECKSTROM SPOUSE OF TRUSTEE 1975 FACULTY COMPENSATION 0 0 X 24 1091729 FAIR MARKET VALUE X GIFTS IN KIND 22 255181 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.