2021-06-10T16:51:43-05:00 2020-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2019-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055040 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT & CEO 9709253254 2021-06-10 1 PAUL J BACKES P00175605 9708458800 2019 2022-09-23 18:48:47Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 50973816 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 37 157 0 0 0 8585389 7432357 7947406 291098 1499247 709447 -57815 48229 17974227 8481131 3267565 0 0 0 5225023 4318471 0 0 1086770 14223650 5548828 22716238 9867299 -4742011 -1386168 112915104 112700014 1378697 1348295 111536407 111351719 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 6317284 244318 MUSIC EDUCATION FOR STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES. IN 2020, ALL EXPENSES WERE TO MAINTAIN ESSENTIAL FUNCTIONS IN ORDER TO CONTINUE PROGRAMS IN FUTURE YEARS, BUT PROGRAMS WERE CANCELLED IN THE CURRENT YEAR DUE TO THE PANDEMIC. 259275 126281 COMMUNITY MUSIC EDUCATION AND OUTREACH, INCLUDING SUSTAINED IN-SCHOOL ENRICHMENT AND AFTER SCHOOL PROGRAMMING FOR STUDENTS THROUGHOUT THE ROARING FORK VALLEY. IN 2020, ALL EXPENSES WERE EITHER TO PROVIDE VIRTUAL PROGRAMMING OR TO MAINTAIN ESSENTIAL FUNCTIONS IN ORDER TO CONTINUE PROGRAMS IN FUTURE YEARS. OTHER PROGRAM SERVICES. 6576559 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 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 332 0 1 157 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 50 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 578517 0 27516 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 CHARLES ANDERSON 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 5425 0 0 DAN PORTERFIELD TRUSTEE 0.00 X 0 0 0 DANA POWELL TRUSTEE 0.00 X 0 0 0 ED BERKELEY TRUSTEE/FACULTY 5.00 X 5147 0 0 ERIKA ARONSON STERN TRUSTEE 0.00 X 0 0 0 GERALD KATCHER TRUSTEE 0.00 X 0 0 0 JAMIE HELZBERG TRUSTEE 0.00 X 0 0 0 ALAN PODHURST TRUSTEE 0.00 X 0 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 5138 0 0 JOHN FULLERTON TRUSTEE 0.00 X 0 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 4175 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 3875 0 0 JONATHAN LEE TRUSTEE 0.00 X 0 0 0 JUDITH STEINBERG TRUSTEE 0.00 X 0 0 0 ALAN ENGLANDER 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 MARTIN CARVER 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 4875 0 0 MICHAEL MURRAY TRUSTEE 0.00 X 0 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 6000 0 0 PATRICIA PAPPER TRUSTEE 0.00 X 0 0 0 PAUL KANTOR TRUSTEE/FACULTY 5.00 X 10250 0 0 PER HANNEVOLD TRUSTEE/FACULTY 5.00 X 2688 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 WARREN DECK TRUSTEE/FACULTY 5.00 X 3357 0 0 WILLEM MESDAG TRUSTEE 0.00 X 0 0 0 ESPEN LILLESLATEN TRUSTEE/FACULTY 5.00 X 4679 0 0 CATHY KOPLOVITZ TRUSTEE 0.00 X 0 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 H GAEL NEESON 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 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 202897 0 22924 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADMIN. 40.00 X 250715 0 23884 JENNIFER WHITE VP & DEAN OF STUDENTS 40.00 X 162360 0 20402 LAURA SMITH VP MARKETING/COMMUNICATION 40.00 X 159441 0 19958 PAUL GIBB CONTROLLER 40.00 X 125430 0 15286 STEVE HADDAD VP DEVELOPMENT 40.00 X 209981 0 8516 JUSTIN BROWN FORMER VP & GENERAL MANAGER 40.00 X 116117 0 12658 1861067 0 151144 8 1 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 645226 OPUS 3 ARTISTS AAF ROBERT SPANO 470 PARK AVENUE SOUTH 9TH FLOOR NO NEW YORK NY 10016 ENTERTAINMENT 254442 TISH JIMENEZ CLEANING CO 206 LACET CT ASPEN CO 81611 MAINTENANCE 242618 3 495922 139250 6797185 838828 7432357 STUDENT FEES 900099 130129 130129 OUTREACH 900099 126281 126281 TICKET SALES 900099 34678 34678 CONCESSIONS & TAPE SALES 900099 10 10 291098 934349 934349 12635 0 12635 12635 12635 42156596 42381498 -224902 -224902 -224902 0 495922 110854 -110854 -110854 333 -333 -333 MISCELLANEOUS REVENUE 900099 79511 79511 SPLIT INTEREST AGREEMENTS 900099 67270 67270 146781 8481131 370599 0 678175 2048214 906635 673398 468181 1471034 826228 291656 353150 115735 47003 60699 8033 451110 132078 260209 58823 232378 118845 63551 49982 16575 16575 24730 24730 204315 204315 149929 52471 46361 51097 84935 84935 306084 227150 36394 42540 244360 68686 157507 18167 123943 107468 13839 2636 51978 17276 24473 10229 2369847 2369847 197868 170698 24621 2549 FACULTY EXPENSES 521286 521286 REPLACEMENT OF EQUIPMEN 263283 263283 MUSIC EDUCATION 247739 247739 REPAIRS & MAINTENANCE 215463 215463 526493 284403 220707 21383 9867299 6576559 2203970 1086770 2555630 4419841 2795463 1932455 241010 32995 20424 23316 135262 262928 61551849 35746899 28038174 25804950 28518038 22860410 49715704 56371675 895399 991444 112915104 112700014 1288586 442458 90111 182337 723500 1378697 1348295 X 41739046 40916331 69797361 70435388 111536407 111351719 112915104 112700014 -1386168 1201480 0 X X 0 1 X 1 0 X 11826620 10522065 9569911 8373646 7321516 47613758 11826620 10522065 9569911 8373646 7321516 47613758 6246491 41367267 1217490 1585047 8209218 1285742 601108 12898605 1364441 873647 914108 1014800 211653 4378649 64891012 27070114 0.63750 0.65240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77269489 743145 1713383 0 -1301017 -204315 78220685 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 0.14640 0.56070 0.29290 0 0 349265 349265 46649562 28988737 17660825 1132006 777264 354742 2673650 2339238 334412 10747366 3641660 7105706 25804950 EQUITY INVESTMENT FUNDS 40061025 F ABSOLUTE RETURN HEDGE FUNDS 7942836 F EQUITY HEDGE FUNDS 8367814 F 56371675 9478629 1201480 333 1201813 8276816 204315 204315 8481131 9663317 333 333 9662984 204315 204315 9867299 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 333. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 204,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 333. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 204,315. 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 24419675 0 0 0 0 0 0 24419675 0 24419675 0 0 0 0 0 0 PART III ACCOUNTING METHOD: VIRTUAL BENEFIT 425112 425112 30683 24700 WINTER BENEFIT 15000 15000 556 3 55810 55810 3004 49362 2549 495922 495922 3004 80045 27805 110854 -110854 1 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 499486 0 0 0 79031 0 16800 0 10716 0 606033 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 201958 0 0 0 939 0 12207 0 10716 0 225820 0 0 0 JENNIFER B ELLIOT SENIOR VP STRATEGY AND ADMIN. 247064 0 0 0 3651 0 15368 0 8516 0 274599 0 0 0 JENNIFER WHITE VP & DEAN OF STUDENTS 161421 0 0 0 939 0 9685 0 10716 0 182761 0 0 0 LAURA SMITH VP MARKETING/COMMUNICATION 158502 0 0 0 939 0 10078 0 9880 0 179399 0 0 0 STEVE HADDAD VP DEVELOPMENT 209042 0 0 0 939 0 0 0 8516 0 218497 0 0 0 JUSTIN BROWN FORMER VP & GENERAL MANAGER 98522 0 16656 0 939 0 0 0 12658 0 128775 0 0 0 VIRGINIA WECKSTROM SPOUSE OF TRUSTEE 3469 FACULTY COMPENSATION 0 0 X 9 799928 FAIR MARKET VALUE X GIFTS IN KIND 14 38900 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 XII, LINE 2C: MUSIC ASSOCIATES OF ASPEN HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT AND SELECTS THE INDEPENDENT ACCOUNTANT.