2020-07-14T16:08:35-05:00 2019-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-01-01 237267983 ANDERSON RANCH ARTS CENTER ANDE 9709233181 PO BOX 5598 SNOWMASS VILLAGE CO 81615 PETER WAANDERS CEO 9709233181 2020-07-14 1 FRANK H SMITH P00639053 2022274000 2020-07-14 144.121.95.190 2020-07-14 14:19:55 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F4C2D576246414DCF4A8347EDC3E11E193B17C66 2019 2021-01-29 14:40:06Z PETER WAANDERS PO BOX 5598 SNOWMASS VILLAGE CO 81615 11468391 0 X WWW.ANDERSONRANCH.ORG X 1973 CO PROVIDE INSTRUCTION IN THE FINE ARTS FOR 1,200 CHILDREN AND ADULTS ANNUALLY. 24 24 63 28 0 0 3537113 4398903 1543816 1686816 -12860 378487 142641 30228 5210710 6494434 229000 536996 0 0 2712463 2709240 15000 0 313469 2591507 2654151 5547970 5900387 -337260 594047 14228854 16249779 146235 309910 14082619 15939869 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 2047932 536996 1664243 WORKSHOPS - WE OFFER OVER 150 WORKSHOPS TO A WIDE RANGE OF STUDENTS, ALL TAUGHT BY WELL-KNOWN ARTISTS. WE OFFER SCHOLARSHIP ASSISTANCE TO ROUGHLY 20% OF OUR STUDENTS. OUR WORKSHOPS ARE DISTINGUISHED BY ACCESSIBILITY AND DIVERSITY, AND WE OFFER WORKSHOPS IN CERAMICS, PAINTING, PRINTMAKING, SCULPTURE, PHOTO, DIGITAL MEDIA, AND WOODWORKING. 890844 246349 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. 128437 22573 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. 3067213 1 1 0 0 0 0 0 0 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 1 145 0 1 63 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 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- AS OF 01/2019 40.00 X 199259 0 15147 ANDREA WALLACE DIRECTOR OF PROGRAMS, ARTISTIC DIR. 40.00 X 132479 0 43648 CARY JUVONEN CONTROLLER- UNTIL 12/2019 40.00 X 106393 0 10347 KATHERINE ROBERTS DIRECTOR OF MARKETING AND COMM. 40.00 X 103288 0 11621 ASHLEY TODEY DEPUTY DIRECTOR 40.00 X 93678 0 11320 LUCY WOOD BAIRD TRUSTEE 0.50 X 0 0 0 JANICE BECK TRUSTEE 0.50 X 0 0 0 MARIANNE BOESKY TRUSTEE 0.50 X 0 0 0 CHARLES BURSON TRUSTEE 0.50 X 0 0 0 RONA CITRIN TRUSTEE- UNTIL 09/2019 0.50 X 0 0 0 MOTI FERDER TRUSTEE 0.50 X 0 0 0 DAVID FUENTE TRUSTEE- UNTIL 10/2019 0.50 X 0 0 0 SARAH HARRELSON TRUSTEE- UNTIL 10/2019 0.50 X 0 0 0 PHILAE KNIGHT TRUSTEE 0.50 X 0 0 0 ANN KOROLOGOS 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 ANNE TOBEY TRUSTEE 0.50 X 0 0 0 MARIE WISE TRUSTEE 0.50 X 0 0 0 ROBIN ZENDELL TRUSTEE- UNTIL 10/2019 0.50 X 0 0 0 SUE HOSTETLER CHAIR 1.00 X X 0 0 0 JUDY MANN VICE CHAIR 1.00 X X 0 0 0 ANN COOK SECRETARY 1.00 X X 0 0 0 REGGIE SMITH TREASURER 1.00 X X 0 0 0 635097 0 92083 4 0 1 0 0 1331303 21000 3046600 163630 4398903 TUITION 900099 1664243 1664243 PROGRAM FEES 900099 22573 22573 1686816 203227 203227 4493294 4318034 175260 175260 175260 35000 1331303 368441 -333441 -333441 651151 287482 363669 246349 117320 6494434 1933165 0 162366 536996 536996 612271 251839 181815 178617 1784447 565480 1187376 31591 20727 7046 9680 4001 126388 36325 88528 1535 165407 40256 118371 6780 7065 7065 59954 59954 41227 41227 526146 336792 170384 18970 112636 102436 5848 4352 760006 507963 210779 41264 63420 2888 60294 238 225902 220248 5654 189364 138859 42862 7643 57188 4900 52288 527 527 301992 227769 74223 123638 123638 FOOD & BEVERAGES 70442 27874 36879 5689 ART SUPPLIES 40490 40490 DUES & SUBSCRIPTIONS 29513 7214 13109 9190 OTHER EXPENSES 26384 11838 14546 18257 14658 3599 5900387 3067213 2519705 313469 885462 242610 235719 612614 536094 1032575 15954 17707 1808 1236 272658 278841 11360434 7306837 4214302 4053597 8066857 10010599 14228854 16249779 117742 164578 28493 145332 146235 309910 X 6141100 5747955 7941519 10191914 14082619 15939869 14228854 16249779 594047 1263203 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 7422481 55056 1498673 345000 8631210 7808079 265424 -489064 161958 7422481 7151870 180530 800371 324692 7808079 6680038 579549 158001 265718 7151870 5614761 1440542 -119321 255944 6680038 1.00000 1 0 248045 248045 8496851 5142261 3354590 2615538 2164576 450962 4053597 X 7854699 1263203 19362 655923 1938488 5916211 41227 536996 578223 6494434 5997449 19362 655923 675285 5322164 41227 536996 578223 5900387 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, 2019, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 287,482. SPECIAL EVENTS EXPENSE 368,441. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 536,996. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 287,482. SPECIAL EVENTS EXPENSE 368,441. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 536,996. 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 $6,000, THE TOWN OF SNOWMASS VILLAGE IN THE AMOUNT OF $5,000 AND THE NATIONAL ENDOWMENT FOR THE ARTS IN THE AMOUNT OF $15,000 DURING THE YEAR ENDED DECEMBER 31, 2019 RECOGNITION DINNER 1180100 1150200 29900 49000 89856 6750 145950 AUCTION 186203 181103 5100 9843 9824 720 56498 1366303 1331303 35000 58843 99680 7470 202448 368441 -333441 1 PROGRAM SCHOLARSHIPS 412 536996 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 1 1 X X X X 0 0 0 0 0 0 0 1 0 PETER WAANDERS PRESIDENT AND CEO- AS OF 01/2019 199009 0 250 0 0 0 6757 0 8390 0 214406 0 0 0 ANDREA WALLACE DIRECTOR OF PROGRAMS, ARTISTIC DIR. 130729 0 1750 0 0 0 4005 0 39643 0 176127 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, 2019. PART I, LINE 8 BONUSES RECEIVED BY EMPLOYEES WERE PAID BASED ON PERFORMANCE OF DUTIES AS WELL AS OTHER DISCRETIONARY CRITERIA. DURING THE YEAR ENDED DECEMBER 31, 2019, PETER WAANDERS RECEIVED A BONUS OF $250, ANDREA WALLACE RECEIVED A BONUS OF $1,750, CARY JUVONEN RECEIVED A BONUS OF $4,250, ASHLEY TODEY RECEIVED A BONUS OF $1,750, AND KATHERINE ROBERTS RECEIVED A BONUS OF $1,750. X 2 5495 ESTIMATED FMV X 500 ESTIMATED FMV X 1000 ESTIMATED FMV X 6 151535 FMV X OTHER 1 5000 ESTIMATED FMV X SOFTWARE 1 100 ESTIMATED 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, 2019. 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. FOR THE YEAR ENDED DECEMBER 31, 2019, THIS TOTALED $746,150. 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 2019 AND OFFICER AND KEY EMPLOYEES' COMPENSATION WAS ALSO REVIEWED DURING FISCAL YEAR 2019. 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.