2025-07-30T09:09:14-05:00 2024-09-30 840803727 REESE HENRY & COMPANY INC 400 E MAIN ST STE 2 ASPEN CO 81611 990 2023-10-01 840746671 ASPEN ART MUSEUM ASPE 9709258050 637 E HYMAN AVE ASPEN CO 81611 MELONY LEWIS BOARD MEMBER 9709258050 2025-07-10 1 1 MARK S KAVASCH CPA P00107511 9709253771 2023 2025-03-06 01:10:19Z MELONY LEWIS 637 E HYMAN AVE ASPEN CO 81611 20640288 0 X WWW.ASPENARTMUSEUM.ORG X 1977 CO PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL, CONTEMPORARY ART 24 24 101 24 0 0 9556110 13659273 56101 20940 2105 5263 1526350 3295798 11140666 16981274 0 0 0 0 4685638 4680446 0 0 1399811 6448054 6930570 11133692 11611016 6974 5370258 42038641 47705002 2803891 3076607 39234750 44628395 X THE ASPEN ART MUSEUM IS A NON-COLLECTING INSTITUTION PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL, CONTEMPORARY ART. ITS INNOVATIVE AND TIMELY EXHIBITIONS, EDUCATION AND PUBLIC PROGRAMS, IMMERSIVE ACTIVITIES, AND COMMUNITY HAPPENINGS ACTIVELY ENGAGE AUDIENCES IN THOUGHT PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY. 0 0 5258347 THE PRIMARY GOAL OF THE ASPEN ART MUSEUM (AAM) IS TO BE A COMMUNITY RESOURCE FOR THE APPRECIATION, EDUCATION, AND DISCUSSION OF CONTEMPORARY ART. AAM EXHIBITIONS CAN BE SUMMARIZED AS FALLING INTO THREE GENERAL CATEGORIES: FIRST-TIME U.S. MUSEUM EXHIBITIONS BY SIGNIFICANT EMERGING CONTEMPORARY ARTISTS FROM AROUND THE GLOBE; SOLO EXHIBITIONS BY IMPORTANT OR ESTABLISHED CONTEMPORARY ARTISTS THAT FOCUS ON NEW, UNRECOGNIZED, OR UNDERAPPRECIATED ASPECTS OF THEIR WORK; GROUP EXHIBITIONS CURATED TO ADDRESS PRESCIENT OR TOPICAL CONTEMPORARY CULTURAL, SOCIAL, OR POLITICAL SUBJECT MATTER, OR OTHERWISE CORRESPONDING TO AN ORGANIZING CURATORIAL THEME. THE AAM IS COMMITTED TO PROVIDING EXHIBITION AND EDUCATIONAL PROGRAMMING ON A YEAR-ROUND BASIS FOR VISITORS TO THE ROARING FORK VALLEY AND SURROUNDING COLORADO COMMUNITIES. 1428520 20940 THE AAM STRIVES TO MAKE CONTEMPORARY ART MEANINGFUL TO A WIDE ARRAY OF AUDIENCES THROUGH INTERPRETIVE PROJECTS AND DIVERSE, COMMUNITY-BASED PROGRAMMING. THESE OBJECT-BASED LEARNING OPPORTUNITIES ARE DESIGNED TO ENGAGE AUDIENCES IN THOUGHT-PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY, THUS REFLECTING OUR INSTITUTIONAL MISSION. PROGRAMS OCCUR BOTH IN THE MUSEUM AND THROUGHOUT THE COMMUNITY, AND PROVIDE THE OPPORTUNITY FOR AUDIENCES TO SEE AND RESPOND TO CONTEMPORARY ART THROUGH HANDS-ON WORKSHOPS, GALLERY TALKS, AND TOURS, LECTURES, AND INNOVATIVE ACTIVITIES RELATED TO CURRENT EXHIBITIONS. IN THE 2023-2024 FISCAL YEAR, THE AAM SERVED 2,561 STUDENTS AND TEACHERS THROUGH SCHOOL TOURS AND CLASSROOM VISITS, YOUTH, FAMILY, AND TEEN PROGRAMS, COMMUNITY PROGRAMS, AND TOURS. THE MUSEUM REACHED A TOTAL OF 53,926 PEOPLE IN FISCAL YEAR 2024. 1542405 189439 AUXILIARY SERVICES INCLUDING THE MUSEUM SHOP AND CAFE. THE MUSEUM SHOP OFFERS A VARIETY OF CONTEMPORARY ART BOOKS, FOCUSING ON CONTEMPORARY ARTISTS, GROUP EXHIBITIONS AT OTHER RENOWNED INSTITUTIONS, AND ART HISTORY PUBLICATIONS. ADDITIONALLY, THE SHOP OFFERS CHILDREN'S BOOKS, CREATIVE ACTIVITIES, AND THOUGHTFULLY CURATED GIFT ITEMS RELATED TO CURRENT EXHIBITIONS, WHICH ENGAGE AUDIENCES IN THOUGHT PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY. THE ROOFTOP CAFE, WITH A SCENIC VIEW OF ASPEN MOUNTAIN, PROVIDES A UNIQUE DINING EXPERIENCE WITH FARM-TO-FORK MENU OPTIONS AS WELL AS AN OUTDOOR LOUNGE, AS A CONVENIENCE FOR VISITORS TO THE MUSEUM. 8229272 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 3 0 101 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CO X THE ORGANIZATION 9709258050 637 E HYMAN AVE ASPEN CO 81611 JOHN PHELAN TRUSTEE 4.00 X X 0 0 0 AMNON RODAN PRESIDENT 4.00 4.00 X X 0 0 0 JAMIE TISCH VICE PRESIDENT 2.00 X X 0 0 0 MARCY EDELSTEIN SECRETARY 2.00 X X 0 0 0 MELONY LEWIS TRUSTEE 4.00 2.00 X 0 0 0 MARY ZLOT TRUSTEE 2.00 X 0 0 0 SARAH ARISON TRUSTEE 2.00 X 0 0 0 BARBARA BLUHM-KAUL TRUSTEE 2.00 X 0 0 0 CHRIS BROWN TRUSTEE 2.00 X 0 0 0 JANET CROWN TRUSTEE 2.00 X 0 0 0 DOMENICO DE SOLE TRUSTEE 2.00 X 0 0 0 BRUCE ETKIN TRUSTEE 2.00 X 0 0 0 JOE FELSON TRUSTEE 2.00 2.00 X 0 0 0 CHRISTY FERER TRUSTEE 2.00 X 0 0 0 DAVID GANEK TRUSTEE 2.00 X 0 0 0 STEVE HANSEN TRUSTEE 2.00 X 0 0 0 NANCY MAGOON TRUSTEE 2.00 X 0 0 0 SASHA BASS TRUSTEE 2.00 X 0 0 0 PAUL PARISER TRUSTEE 2.00 X 0 0 0 NANCY ROGERS TRUSTEE 2.00 X 0 0 0 GAYLE STOFFEL TRUSTEE 2.00 X 0 0 0 ALLISON ROSE TRUSTEE 2.00 X 0 0 0 SUSAN MARX TRUSTEE 2.00 X 0 0 0 NICOLA LEES TRUSTEE 2.00 X 0 0 0 NICOLA LEES CHIEF EXECUTIVE OFFICER/DI 60.00 2.00 X 671952 0 16875 JACLYN CARR CHIEF DEVELOPMENT OFFICER 50.00 X 193310 0 10740 865262 0 27615 2 0 1 0 CROZIER FINE ARTS INC PO BOX 21089 NEW YORK NY 10087 ART SHIPPING 511386 ECLECTIC HIVE EVENT DESIGN 999 TEJON STREET DENVER CO 80204 ARTCRUSH EVENT DESIGN & CONSULTING 416130 LIAISONS CORPORATION 8701 COLLINS AVENUE 404 MIAMI BEACH FL 33154 EVENT REGISTRATIONS 306420 DIA CENTER FOR THE ARTS 535 WEST 22ND STREET 4TH FL NEW YORK NY 10011 ART CRATING & INSTALLATION 289956 ASPEN SKIING COMPANY LLC PO BOX 1248 ASPEN CO 81612 CATERING & EVENT SPACE PROVIDER 287147 21 282602 1205901 2612172 9558598 13659273 ADMISSIONS & TUITION 713990 20940 20940 20940 5263 5263 283815 37813 246002 246002 246002 6278297 1205901 3417940 2860357 2860357 392700 203261 189439 189439 16981274 210379 0 3111622 X 602951 401253 72955 128743 3287246 2549508 277851 459887 492759 340885 28352 123522 297490 208908 22479 66103 1858272 1038476 701240 118556 49971 5882 44089 5227 1021 2471 1735 466226 343035 41259 81932 672944 345219 168498 159227 132332 99249 13233 19850 1114613 835960 111461 167192 SHIPPING, CRATING AND S 1122914 1105880 1027 16007 EXHIBIT INSTALLATION RE 606598 568845 20371 17382 BUILDING AND EQUIPMENT 423829 306498 56898 60433 LOSS ON SALE OF WORKS O 312030 312030 165614 78653 107719 -20758 11611016 8229272 1981933 1399811 -2 3037906 2476822 215895 6730753 742834 1822700 378713 362110 175003 118189 45610295 10381023 36154209 35229272 1334083 965156 42038641 47705002 505329 1008679 246332 82359 1962324 1912164 89906 73405 2803891 3076607 X 39096750 36991187 138000 7637208 39234750 44628395 42038641 47705002 X 5370258 23387 X 0 1 X 1 0 X 5684668 10901272 9264420 9556110 13659273 49065743 5684668 10901272 9264420 9556110 13659273 49065743 8471114 40594629 134619 449278 323088 460299 289078 1656362 50722105 2109196 0.80030 0.75740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36266963 1073216 7088721 1647109 1263062 41518729 33699250 982807 3212906 1628000 36266963 39767568 327470 -4829963 1595825 33699250 34326737 2858660 3852171 1240000 39797568 32742495 459532 2339710 1215000 34326737 0.00050 0.88300 0.11650 0 1 1 7153965 7153965 37613750 9678480 27935270 842580 702543 140037 35229272 OPERATING LEASE LIABILITY 73405 73405 X 17042474 23387 23387 17019087 -37813 -37813 16981274 11648829 37813 37813 11611016 0 11611016 PART V, LINE 4: THE ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS OF ASPEN ART MUSEUM. ENDOWMENT FUND EARNINGS ARE EITHER RESTRICTED OR UNRESTRICTED BASED ON THE DONOR'S REQUEST. RESTRICTED FUNDS INCLUDE EXHIBITION COSTS, LECTURE SERIES, VISITING ARTISTS, DIRECTOR COSTS, LATIN AMERICAN ART OUTREACH, ROOF DECK EXHIBITION COSTS, AND PUBLICATIONS. THE UNRESTRICTED ENDOWMENT FUND ALLOWS FOR EARNINGS TO BE USED FOR GENERAL MUSEUM PURPOSES. PART X, LINE 2: ASPEN ART MUSEUM AND ASPEN ART MUSEUM FOUNDATION ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. AS A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, 81611 PROPERTIES WAS ESTABLISHED SOLELY FOR THE PURPOSE OF OWNING AND HOLDING EMPLOYEE HOUSING PROPERTIES IN ACCORDANCE WITH THE ASPEN/PITKIN COUNTY HOUSING AUTHORITY AND IS INCLUDED IN THE FOUNDATION'S FORM 990. THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INCREASE OF CASH SURRENDER VALUE OF LIFE INSURANCE 23,387. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 -37,813 -37,813. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 - 37,813 37,813. ARTCRUSH 7180652 1205901 5974751 543650 2568242 ARTTRIP 303546 303546 306048 7484198 1205901 6278297 543650 2874290 3417940 2860357 X 0 1 X X 0 0 0 0 0 0 0 1 0 NICOLA LEES CHIEF EXECUTIVE OFFICER/DI 631952 0 40000 0 0 0 0 0 16875 0 688827 0 0 0 JACLYN CARR CHIEF DEVELOPMENT OFFICER 193310 0 0 0 0 0 0 0 10740 0 204050 0 0 0 PART I, LINE 1A ASPEN ART MUSEUM PROVIDES A HOUSING ALLOWANCE APPROVED BY THE BOARD OF TRUSTEES FOR THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR. THE HOUSING ALLOWANCE BENEFITS PROVIDED ARE TAXABLE TO THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR. PART I, LINE 1B THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE AVAILABILITY OF HOUSING ALLOWANCES FOR MUSEUM EMPLOYEES. PART I, LINE 7 THE ORGANIZATION'S COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2024, THE COMPENSATION COMMITTEE AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF DEVELOPMENT OFFICER A BONUS BASED ON REVIEW OF THE INDIVIDUAL'S PERFOMANCE AND SERVICES TO THE ORGANIZATION. A COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY 840896727 2012-10-12 21000000 CONSTRUCTION OF NEW MUSEUM 0 0 0 A 19087836 21000000 383791 17107748 3508461 2014 0 0 1 1 A 0 0 1 0 1 0 0 0 0 A 1 X 80 4334901 SELLING PRICE OF DONATED 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES AND ACUTION HOUSE TO SELL THE WORKS OF ART DUING AUCTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS SUBMITTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS REQUIRED TO BE FILLED OUT ON AN ANNUAL BASIS BY MEMBERS OF THE BOARD OF TRUSTEES, AND ANY DISCLOSURES ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER/DIRECTOR. KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE CHIEF EXECUTIVE OFFICER/DIRECTOR; THE CHIEF EXECUTIVE OFFICER/DIRECTOR IS REQUIRED TO DISCLOSE TO THE CO-PRESIDENTS. IF A CONFLICT OF INTEREST EXISTS, THE TRUSTEE OR EMPLOYEE IS ASKED TO REFRAIN FROM VOTING OR MAKING FINAL DECISIONS IN ANY MATTERS INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR AND CEO'S COMPENSATION IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMMITTEE IS COMPRISED OF BOARD MEMBERS WHO HAVE EXPERIENCE ON MUSEUM BOARDS AND ARE FAMILIAR WITH THE COMPENSATION STANDARDS OF THE INDUSTRY. A PERIODIC COMPENSATION AUDIT IS ALSO PERFORMED BY AN OUTSIDE FIRM. THE BOARD HAS DELEGATED THE CEO TO SET THE COMPENSATION FOR OTHER KEY EMPLOYEES USING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZATIONAL DOCUMENTS, FILINGS AND FINANCIAL DATA ARE MAINTAINED AT THE ORGANIZATION'S HOME OFFICE AND ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,038,476. MANAGEMENT AND GENERAL EXPENSES 667,074. FUNDRAISING EXPENSES 118,556. TOTAL EXPENSES 1,824,106. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 34,166. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,166. FORM 990, PART XI, LINE 9: GAIN ON INCREASE IN CASH SURRENDER VALUE OF INSURANCE 23,387. ASPEN ART MUSEUM FOUNDATION 637 E HYMAN AVENUE ASPEN CO 81611 841515243 ESTABLISHMENT AND ADMINISTRATION OF ENDOWMENT CO 501(C)(3) LINE 12A, I ASPEN ART MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 ASPEN ART MUSEUM FOUNDATION C 2355671 CASH TRANSFERRED ASPEN ART MUSEUM FOUNDATION P 325063 CASH TRANSFERRED