2021-10-18T12:16:22-05:00 2020-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-01-01 237267983 ANDERSON RANCH ARTS CENTER ANDE 9709233181 PO BOX 5598 SNOWMASS VILLAGE CO 81615 PETER WAANDERS PRESIDENT AND CEO 9709233181 2021-10-18 1 PETER WAANDERS XXX-XX-XXXX FRANK H SMITH P00639053 2022274000 2021-10-04 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PETER WAANDERS PO BOX 5598 SNOWMASS VILLAGE CO 81615 8219063 0 X WWW.ANDERSONRANCH.ORG X 1973 CO PROVIDE INSTRUCTION IN THE FINE ARTS FOR 1,200 CHILDREN AND ADULTS ANNUALLY. 22 22 61 25 0 0 4398903 3656520 1686816 917392 378487 -4669 30228 68322 6494434 4637565 536996 473909 0 0 2709240 2665467 0 0 403380 2654151 1852518 5900387 4991894 594047 -354329 16249779 16895499 309910 468207 15939869 16427292 X ANDERSON RANCH ARTS CENTER (THE RANCH) IS A LEARNING COMMUNITY DEDICATED TO CREATIVITY AND GROWTH THROUGH THE MAKING AND UNDERSTANDING OF THE VISUAL ARTS LOCATED ON FIVE SCENIC ACRES IN SNOWMASS VILLAGE, NEAR ASPEN, COLORADO. WE PROMOTE PERSONAL AND PROFESSIONAL DEVELOPMENT OF ARTISTS OF ALL LEVELS OF EXPERTISE THROUGH YEAR-ROUND WORKSHOPS IN CERAMICS, SCULPTURE, PHOTOGRAPHY, NEW MEDIA, PAINTING AND DRAWING, PRINTMAKING, WOODWORKING, FURNITURE DESIGN AND MORE. OUR ARTISTS' RESIDENCIES FOR EMERGING AND ESTABLISHED ARTISTS, SUMMER INTERNSHIPS, VISITING ARTISTS AND CRITICS, COMMUNITY OUTREACH, AND PUBLIC EVENTS OFFER A FULL SPECTRUM OF OPPORTUNITIES TO CREATIVE PEOPLE OF ALL LEVELS. THE FACILITIES FEATURE FULLY-EQUIPPED ART STUDIOS AND GALLERIES. THE RANCH'S PROGRAMS AND ACTIVITIES, INCLUDING ART AUCTIONS AND ARTIST SLIDE LECTURES ATTRACT THOUSANDS OF ARTISTS, ART-LOVERS, STUDENTS, FACULTY AND PATRONS ANNUALLY TO THIS HISTORIC ROCKY MOUNTAIN RANCH DEDICATED TO THE FINE ARTS. 0 0 1739455 473909 879596 WORKSHOPS - IN 2020 DUE TO THE COVID PANDEMIC WE HAD TO RESTRUCTURE MOST OF OUR PROGRAMMING. WE OFFERED OVER 100 WORKSHOPS, THE MAJORITY WERE VIA A VIRTUAL SETTING. WE SERVED CLOSE TO 1,000 STUDENTS AND OFFERED SCHOLARSHIP ASSISTANCE TO ROUGHLY 20% OF THEM. OUR WORKSHOPS ARE DISTINGUISHED BY ACCESSIBILITY AND DIVERSITY, AND WE OFFER WORKSHOPS IN CERAMICS, PAINTING, PRINTMAKING, SCULPTURE, PHOTO, DIGITAL MEDIA, AND WOODWORKING. 611564 64772 SERVICES - WE PROVIDE A DORMITORY, A CAFE, AND AN ART SUPPLIES STORE FOR OUR STUDENTS. WE ALSO SUPPLY FOOD AND HOUSING FOR OUR VISITING FACULTY. IN ADDITION, WE PROVIDE AN ART GALLERY FOR OUR STUDENTS AND FACULTY TO SHOW THEIR ARTWORK. IN 2020 THE RANCH PRESENTED OUR FIRST OUTDOOR SCULPTURE EXHIBITION: SCULPTURALLY DISTANCED. STARTED IN THE SUMMER OF 2020 THE EXHIBITION INCLUDED SCULPTURES BY LOCAL, NATIONAL AND INTERNATIONALLY-ACCLAIMED ARTISTS INSTALLED THROUGHOUT THE RANCH CAMPUS. A SELECTION OF THE WORKS ARE FOR SALE, WITH PROCEEDS SHARED BETWEEN ANDERSON RANCH AND THE ARTISTS. 108682 47963 RESIDENCY - THE RANCH IS COMMITTED TO CHANGING LIVES THROUGH ART AND SERVING THE GREATER COMMUNITY IN THE ROARING FORK VALLEY WHERE WE ARE LOCATED. WHILE THERE ARE A VARIETY OF PUBLIC PROGRAMS THAT TAKE PLACE ONSITE, THE RANCH MAKES AN EFFORT TO EXTEND ITS REACH BEYOND THE BORDERS OF OUR CAMPUS FROM ASPEN TO GLENWOOD SPRINGS AND BEYOND. THE PURPOSE OF THE RANCH'S OUTREACH PROGRAM IS TO SERVE THE LOCAL GEOGRAPHIC COMMUNITY OF ARTISTS AND NON-ARTISTS THROUGH ACCESSIBLE, SUSTAINED PROGRAMMING AND AREA PARTNERSHIPS STRUCTURED TO MEET THE NEEDS OF THE ROARING FORK VALLEY USING THE VISUAL ARTS. DURING THE COVID PANDEMIC THE RANCH INTRODUCED FACILITATED STUDIO PRACTICE. THIS APPROACH PROVIDES ARTISTS THE OPPORTUNITY TO WORK ON INDEPENDENT PROJECTS WHILE RECEIVING REGULAR ONE-ON-ONE MENTORING AND CRITIQUE SESSIONS WITH ANDERSON RANCH ARTISTIC STAFF AND INTERNS. EACH PARTICIPANT RECEIVES AN ASSIGNED STUDIO SPACE, ORIENTATION AND ACCESS TO EQUIPMENT, AS WELL AS FIVE HOURS OF WEEKLY TECHNICAL GUIDANCE IN THE RANCH'S STATE-OF-THE-ART FACILITIES. THIS NON-RESIDENTIAL PROGRAM ALLOWS LOCAL ARTISTS THE EXPERIENCE ENJOYED BY NATIONAL AND INTERNATIONAL ARTISTS WHO TRAVEL TO SNOWMASS VILLAGE FROM ALL OVER THE WORLD. PARTICIPANTS MAY EXPAND THEIR PRACTICES, TAKE ARTISTIC RISKS, TRY NEW MEDIA OR COMPLETE WORKS FOR EXHIBITION. 2459701 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 82 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X X PETER WAANDERS 9709233181 5263 OWL CREEK ROAD SNOWMASS VILLAGE CO 81615 PETER WAANDERS PRESIDENT AND CEO 40.00 X 228349 0 15922 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 40.00 X 128662 0 37063 ASHLEY TODEY VP, OPERATIONS AND BUSINESS UNITS 40.00 X 118092 0 11696 KATHERINE ROBERTS DIRECTOR OF MARKETING AND COMM. 40.00 X 102834 0 11981 MIRIAM FLORES ASSISTANT CONTROLLER 40.00 X 74779 0 10873 SUE HOSTETLER CHAIR 1.00 X X 0 0 0 JUDY MANN VICE CHAIR - UNTIL 10/2020 1.00 X X 0 0 0 REGGIE SMITH TREASURER, VICE CHAIR -AS OF 10/2020 1.00 X X 0 0 0 ANN COOK SECRETARY - UNTIL 10/2020 1.00 X X 0 0 0 ANN KOROLOGOS TRUSTEE, SECRETARY - AS OF 10/2020 0.50 X X 0 0 0 LUCY WOOD BAIRD TRUSTEE 0.50 X 0 0 0 JANICE BECK TRUSTEE - UNTIL 10/2020 0.50 X 0 0 0 MARIANNE BOESKY TRUSTEE 0.50 X 0 0 0 CHARLES BURSON TRUSTEE 0.50 X 0 0 0 MOTI FERDER TRUSTEE 0.50 X 0 0 0 PHILAE KNIGHT TRUSTEE 0.50 X 0 0 0 JONATHAN LEE TRUSTEE 0.50 X 0 0 0 KAREN LORD TRUSTEE 0.50 X 0 0 0 MIKE LYON TRUSTEE 0.50 X 0 0 0 LIZA MAUCK TRUSTEE 0.50 X 0 0 0 BECKY MURRAY TRUSTEE 0.50 X 0 0 0 GABRIELA PALMIERI TRUSTEE 0.50 X 0 0 0 ANNE REYES TRUSTEE 0.50 X 0 0 0 JOHN ROWLAND TRUSTEE 0.50 X 0 0 0 CAPERA RYAN TRUSTEE 0.50 X 0 0 0 ALBERT SANFORD TRUSTEE 0.50 X 0 0 0 JEANNIE SEYBOLD TRUSTEE 0.50 X 0 0 0 TERRY SIEGEL TRUSTEE 0.50 X 0 0 0 ANNE TOBEY TRUSTEE 0.50 X 0 0 0 MARIE WISE TRUSTEE 0.50 X 0 0 0 652716 0 87535 4 0 1 0 0 349957 611600 2694963 62730 3656520 TUITION 900099 879596 879596 PROGRAM FEES 900099 37796 37796 917392 183444 183444 10167 0 10167 10167 10167 3220633 3408746 -188113 -188113 -188113 6555 349957 48780 -42225 -42225 224335 123972 100363 64772 35591 REIMBURSEMENTS 900099 17 17 17 4637565 992331 0 -11286 473909 473909 625436 226149 221910 177377 1639136 725417 777026 136693 25428 25428 193002 46904 139127 6971 182465 57046 105799 19620 4611 4611 59704 59704 59951 59951 407460 188736 215349 3375 36086 32897 3189 551667 321394 183500 46773 85885 9353 74868 1664 61898 55730 6168 39333 29472 7072 2789 15836 1763 14073 81 81 291714 222391 69323 114556 114556 ART SUPPLIES 55879 54297 1582 OTHER EXPENSES 21142 7452 13690 TAXES 16305 16305 FOOD & BEVERAGES 15711 3540 6550 5621 14699 3251 10533 915 4991894 2459701 2128813 403380 242610 395595 612614 1135788 1032575 565533 17707 28687 1236 780 278841 225235 11687082 7598551 4053597 4088531 10010599 10455350 16249779 16895499 164578 127718 145332 190589 0 149900 309910 468207 X 5747955 5894336 10191914 10532956 15939869 16427292 16249779 16895499 -354329 823380 18372 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 8631210 108402 688281 308725 9119168 7422481 55056 1498673 345000 8631210 7808079 265424 -489064 161958 7422481 7151870 180530 800371 324692 7808079 6680038 579549 158001 265718 7151870 1.00000 1 0 248045 248045 8656647 5348207 3308440 2782390 2250344 532046 4088531 X 5142934 823380 24725 18372 866477 4276457 59951 301157 361108 4637565 4655511 24725 172752 197477 4458034 59951 473909 533860 4991894 PART III, LINE 1A: THE RANCH ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS WORKS OF ART, PRIMARILY BY DONATION OR LOAN, AND OCCASIONALLY BY PURCHASES. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE ART DONATIONS THE RANCH RECEIVES ARE SOLICITED BY THE DEVELOPMENT AND EVENTS TEAM AT THE RANCH'S FUNDRAISING EVENTS. THE ART DONATIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH FOR THE ART STUDENTS WHO ATTEND CLASSES AT THE RANCH. PART V, LINE 4: THE PRIMARY USE OF ENDOWMENT FUNDS SCHOLARSHIP ARE TO SUPPORT ARTIST ENDEAVORS THROUGH RESIDENCY PROGRAMS AND SCHOLARSHIP PROGRAMS. PART X, LINE 2: THE RANCH PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2020 AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT 18,372. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -48,780. COST OF GOODS SOLD -123,972. FINANCIAL AID 473,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 123,972. SPECIAL EVENTS EXPENSE 48,780. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 473,909. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN THE RANCH'S GENERAL REGISTRATION INFORMATION, IT IS PUBLISHED THAT ANDERSON RANCH ACCEPTS ALL PERSONS REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION OR RELIGION. SCHEDULE E, PART I, LINE 4 AN OPTIONAL SURVEY IS SENT TO STUDENTS WHICH INCLUDES A QUESTION ON RACE, IT IS NOT OBLIGATORY TO RESPOND. IT IS FOR OUR TRACKING PURPOSES ONLY. SCHEDULE E, PART I, LINE 6 THE RANCH RECEIVED A GRANT FROM THE CITY OF ASPEN IN THE AMOUNT OF $30,000, THE TOWN OF SNOWMASS VILLAGE IN THE AMOUNT OF $20,000, THE NATIONAL ENDOWMENT FOR THE ARTS IN THE AMOUNT $85,000 AND THE SBA FOR $476,600 DURING THE YEAR ENDED DECEMBER 31, 2020. RECOGNITION DINNER 356512 349957 6555 3312 2310 43158 356512 349957 6555 3312 2310 43158 48780 -42225 1 PROGRAM SCHOLARSHIPS 501 473909 PART I, LINE 2: THE GRANTS AWARDED BY THE RANCH ARE PRIMARILY FOR REDUCTIONS IN THE FULL PRICE OF THE ART CLASSES AND OTHER SERVICES. AS SUCH, THE RANCH DOES NOT HAVE A NEED TO SELF-MONITOR THE SPENDING. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 PETER WAANDERS PRESIDENT AND CEO 208099 0 11250 0 9000 0 6757 0 9165 0 244271 0 0 0 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 128662 0 0 0 0 0 4005 0 33058 0 165725 0 0 0 PART I, LINE 1A THE RANCH PROVIDED HOUSING TO ANDREA WALLACE AT A VALUE OF $24,000 FOR THE YEAR ENDED DECEMBER 31, 2020. THE RANCH PROVIDED SOCIAL CLUB DUES TO PETER WAANDERS AT A VALUE OF $9,000 FOR THE YEAR ENDED DECEMBER 31, 2020. PART I, LINE 7 BONUSES RECEIVED BY EMPLOYEES WERE PAID BASED ON PERFORMANCE OF DUTIES AS WELL AS OTHER DISCRETIONARY CRITERIA. DURING THE YEAR ENDED DECEMBER 31, 2020, PETER WAANDERS RECEIVED A BONUS OF $11,250. X 508 ESTIMATED FMV X 15768 ESTIMATED FMV X 2 45025 FMV X 1 800 FMV X ART SUPPLIES 3 630 FMV 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2020. PART I, LINE 33: THE RANCH ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS WORKS OF ART, PRIMARILY BY DONATION OR LOAN, AND OCCASIONALLY BY PURCHASES. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS, THUS SCHEDULE M LINE 1 DOES NOT INCLUDE CONTRIBUTED COLLECTION ARTWORK. A FURTHER EXPLANATION OF THE FINANCIAL TREATMENT OF THE RANCH'S COLLECTIONS IS SHOWN IN SCHEDULE D. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY OUR INDEPENDENT ACCOUNTING FIRM, MARCUM LLP. AFTER THE RETURN IS PREPARED, THE DRAFT VERSION OF THE FEDERAL FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE PRESIDENT AND CEO, AND THE CHAIR OF THE BOARD OF TRUSTEES PRIOR TO BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE, KEY EMPLOYEE, OR MEMBER OF A BOARD COMMITTEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE POLICY; B. HAS READ AND UNDERSTOOD THE POLICY; C. HAS AGREED TO COMPLY WITH THE POLICY, AND; D. UNDERSTANDS THAT THE RANCH IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND/OR MEMBERS OF A BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING TRUSTEES OR BOARD COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AND BOARD CHAIR. THE RANCH HAS IMPLEMENTED A COMPENSATION COMMITTEE THAT DOES PERIODIC BENCHMARKING AND COMPENSATION REVIEWS AS WELL. BENCHMARKING WAS COMPLETED IN 2020 AND OFFICER AND KEY EMPLOYEES' COMPENSATION WAS ALSO REVIEWED DURING FISCAL YEAR 2020. FORM 990, PART VI, SECTION C, LINE 19 THE RANCH MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FEDERAL FORM 990 AVAILABLE TO THE PUBLIC VIA ITS WEBSITE.