2016-07-25T16:07:47-05:00 2015-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2014-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9702055043 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT AND CEO PRESIDENT & CEO 9709253254 2016-07-25 1 PAUL J BACKES P00175605 9708458800 2014 2016-12-15 16:53:06Z ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 35576034 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 38 162 200 494765 0 7830700 18594399 6573171 5926890 4011254 1164442 109438 -38915 18524563 25646816 2394703 2495408 0 0 4366559 4493475 0 0 1035151 10448424 10927673 17209686 17916556 1314877 7730260 113369854 112635751 15330032 8354924 98039822 104280827 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 14574939 2495409 5390762 MUSIC EDUCATION FOR 630 STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES OF APPROXIMATELY 75,000 PATRONS. 289737 193985 COMMUNITY MUSIC EDUCATION AND OUTREACH, INCLUDING IN-SCHOOL ENRICHMENT AND AFTER SCHOOL PROGRAMMING FOR APPROXIMATELY 400 STUDENTS THROUGHOUT THE ROARING FORK VALLEY. 32708 OTHER PROGRAM SERVICES. 32708 14864676 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 319 0 1 162 1 1 1 0 0 0 0 1 1 0 0 X 50 38 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9702055043 225 MUSIC SCHOOL ROAD ASPEN CO 81611 THOMAS H BAER TRUSTEE 0.00 X 0 0 0 ED BERKELEY TRUSTEE/FACULTY 5.00 X 27950 0 0 SANDRA K BISHOP TRUSTEE 0.00 X 0 0 0 SAM BROWN TRUSTEE/TREASURER 0.00 X X 0 0 0 KAY BUCKSBAUM TRUSTEE 0.00 X 0 0 0 MARTIN CARVER TRUSTEE 0.00 X 0 0 0 STEPHEN DRIMMER TRUSTEE 0.00 X 0 0 0 JAMES DUNHAM TRUSTEE/FACULTY 5.00 X 30159 0 0 JERRY EBERHARDT TRUSTEE 0.00 X 0 0 0 GAIL ENGELBER TRUSTEE/SECRETARY 0.00 X X 0 0 0 ALAN ENGLANDER TRUSTEE 0.00 X 0 0 0 ANN B FRIEDMAN TRUSTEE 0.00 X 0 0 0 JESSICA FULLERTON TRUSTEE 0.00 X 0 0 0 MARY GIESE TRUSTEE 0.00 X 0 0 0 SANFORD GROSSMAN TRUSTEE 0.00 X 0 0 0 DAVID HALEN TRUSTEE/FACULTY 5.00 X 44526 0 0 LINDA VITTI HERBST TRUSTEE 0.00 X 0 0 0 ROBERT HURST TRUSTEE/BOARD CHAIR 0.00 X X 0 0 0 ALLISON KANDERS TRUSTEE 0.00 X 0 0 0 PAUL KANTOR TRUSTEE/FACULTY 5.00 X 47950 0 0 GERALD KATCHER TRUSTEE 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE/VICE CHAIR 0.00 X X 0 0 0 CATHY KOPLOVITZ TRUSTEE 0.00 X 0 0 0 JONATHAN LEE TRUSTEE 0.00 X 0 0 0 ESPEN LILLESLATTEN TRUSTEE/FACULTY 5.00 X 26950 0 0 ROBERT LIPSETT TRUSTEE/FACULTY 5.00 X 36083 0 0 WILLEM MESDAG TRUSTEE/VICE CHAIR 0.00 X 0 0 0 ALEXANDER MUNROE TRUSTEE 0.00 X 0 0 0 JERRY MURDOCK TRUSTEE 0.00 X 0 0 0 MICHAEL MURRAY TRUSTEE 0.00 X 0 0 0 STEPHANIE NAIDOFF TRUSTEE 0.00 X 0 0 0 ANTON NEL TRUSTEE/FACULTY 5.00 X 22300 0 0 JANETTE O'CONNER TRUSTEE 0.00 X 0 0 0 PATRICIA PAPPER TRUSTEE 0.00 X 0 0 0 FONDA PATERSON TRUSTEE 0.00 X 0 0 0 AARON PODHURST TRUSTEE 0.00 X 0 0 0 DANA POWELL TRUSTEE 0.00 X 0 0 0 ANNE REYES TRUSTEE 0.00 X 0 0 0 JOHN ROJAK TRUSTEE/FACULTY 5.00 X 25011 0 0 ARLENE LIDSKY SALOMON TRUSTEE 0.00 X 0 0 0 DANNER SCHEFLER TRUSTEE 0.00 X 0 0 0 CARYN SCHEIDT TRUSTEE 0.00 X 0 0 0 LORI SCHIFF TRUSTEE/FACULTY 5.00 X 20350 0 0 JANE SHERMAN TRUSTEE 0.00 X 0 0 0 GILLIAN STEEL TRUSTEE 0.00 X 0 0 0 STEVEN STUCKY TRUSTEE/FACULTY 5.00 X 22800 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 26117 0 0 NANCY WALL TRUSTEE 0.00 X 0 0 0 CARRIE WELLS TRUSTEE 0.00 X 0 0 0 RICHARD AARON TRUSTEE/FACULTY 5.00 X 43220 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 24667 0 0 WARREN DECK TRUSTEE/FACULTY 5.00 X 21139 0 0 DONALD DRAPKIN TRUSTEE 0.00 X 0 0 0 JOHNATHAN HAAS TRUSTEE/FACULTY 5.00 X 25784 0 0 WALTER ISAACSON EX-OFFICIO 0.00 X 0 0 0 ANTHONY MAZZA TRUSTEE 0.00 X 0 0 0 JUDITH STEINBERG TRUSTEE 0.00 X 0 0 0 ERIKA ARONSON STERN TRUSTEE 0.00 X 0 0 0 ALAN FLETCHER PRESIDENT/CEO 40.00 X 466412 0 28242 JENNIFER B ELLIOT VP FINANCE/ADMIN 40.00 X 202659 0 24973 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 170928 0 20232 ALEX BROSE VP DEVELOPMENT 40.00 X 163508 0 30103 DANIEL SONG VP AND GENERAL MANAGER 40.00 X 147529 0 12862 LAURA SMITH DIRECTOR OF COMMUNICATIONS 40.00 X 127070 0 21565 JENNIFER JOHNSTON VP & DEAN OF STUDENTS 40.00 X 125452 0 15341 J SCOTT CRAWFORD CONTROLLER 40.00 X 116056 0 14777 1964620 0 168095 8 0 1 0 SHAW CONSTRUCTION LLC 7200 S ALTON WAY CENTENNIAL CO 80112 GENERAL CONTRACTOR 3862267 HARRY TEAGUE ARCHITECTS 129 EMMA ROAD BASALT CO 81621 ARCHITECT 992193 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 494770 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH NEW YORK NY 10016 ARTIST MANAGEMENT 208901 SCHMITT MUSIC 155 W HAMPDEN AVE ENGLEWOOD CO 80110 MUSIC PURCHASES 125170 7 931948 95857 17566594 789265 18594399 STUDENT FEES 900099 3904772 3904772 TICKET SALES 900099 1485990 1485990 PROGRAM ADVERTISING 511120 316364 316364 OUTREACH 900099 193985 193985 CONCESSIONS & TAPE SAL 900099 25779 25779 5926890 808918 178401 630517 179035 0 179035 179035 179035 9894330 20000 9556684 2122 337646 17878 355524 355524 88257 931948 350087 -261830 -261830 33678 20325 13353 13353 MISCELLANEOUS REVENUE 900099 32708 32708 SPLIT INTEREST AGREEME 900099 -2181 -2181 30527 25646816 5617455 494765 940197 2495408 2495408 1960313 1147418 435188 377707 1824071 1067672 404941 351458 101040 32594 53032 15414 347816 108038 201106 38672 260235 154501 71884 33850 3113 3113 38550 38550 89741 89741 193411 126477 28555 38379 479055 474233 4822 391409 334151 22440 34818 130408 92656 36082 1670 283684 260451 19980 3253 256156 145228 68908 42020 404741 404741 1994749 1994749 234002 204900 23609 5493 FACULTY EXPENSES 2507934 2507934 STUDENT ROOM & BOARD CO 1040490 1040490 GUEST ARTIST EXPENSES 762533 762533 REPAIRS & MAINTENANCE 345591 345591 1772106 1639144 45367 87595 17916556 14864676 2016729 1035151 1183779 3603377 12337295 11482744 158184 512480 15145 18720 161857 103211 51348487 23963085 27002899 27385402 31917141 29081526 39926329 39329367 667225 1118924 113369854 112635751 717982 1734883 46703 55647 14545813 6545813 19534 18581 15330032 8354924 X 28594341 34677909 29605866 27953343 39839615 41649575 98039822 104280827 113369854 112635751 7730260 -1489257 0 X 0 1 X 0 0 X 5240757 23284838 12559096 7674027 11332570 60091288 5240757 23284838 12559096 7674027 11332570 60091288 60091288 4507189 861080 5907101 3891707 808269 15975346 244510 264689 276673 299291 1085163 523260 590870 367270 500688 1126757 3108845 80260642 28299558 0.74870 0.72000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62556288 2484922 -617898 -1442946 -1217585 -89741 61673040 58999432 1637689 4532009 -1276752 -1244192 -91898 62556288 54280362 1220163 6072387 -1216257 -1245802 -111421 58999432 48001536 1143952 7791989 -1231432 -1311273 -114410 54280362 53681648 272780 -3522658 -1086294 -1217617 -126323 48001536 0.07440 0.64330 0.28230 0 0 1600000 349265 1949265 900000 35898518 19792681 17005837 1132006 647609 484397 2390292 2123380 266912 9078406 1399415 7678991 27385402 EQUITY INVESTMENT FUNDS 19869726 F ABSOLUTE RETURN HEDGE FUNDS 7623534 F EQUITY HEDGE FUNDS 11836107 F 39329367 ANNUITY OBLIGATIONS 18581 18581 24169101 -1489257 80957 -1408300 25577401 69416 69416 25646817 17928097 102755 102755 17825342 91214 91214 17916556 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: INTERNALLY GENERATED REVENUE/EXPENSE 82,430. UNRELATED BUSINESS INCOME TAX -1,473. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -20,325. INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 89,741. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 20,325. INTERNALLY GENERATED REVENUE/EXPENSE 82,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED NET FOR FINANCIAL STATEMENTS 89,741. UNRELATED BUSINESS INCOME TAX 1,473. 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 - $49,190 OTHER GOVERNMENT AGENCIES - $10,750 CENTRAL AMERICA AND CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 13809179 0 0 0 0 0 0 13809179 0 13809179 0 0 0 0 0 0 SEASON BENEFIT 699929 669129 30800 4035 73831 1370 98266 OPERA BENEFIT 141207 127457 13750 0 33146 2300 29117 3 179069 135362 43707 0 71873 36149 1020205 931948 88257 4035 178850 3670 163532 350087 -261830 1 FELLOWSHIPS 231 231903 1415100 FAIR MARKET VALUE TUITION AND ROOM & BOARD SCHOLARSHIPS 210 730860 FAIR MARKET VALUE TUITION AND ROOM & BOARD WORK STUDY 282 73979 0 DORM ASSISTANCE 12 43566 FAIR MARKET VALUE ROOM & BOARD 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 387920 0 0 0 78492 0 0 0 28242 0 494654 0 0 0 JENNIFER B ELLIOT VP FINANCE/ADMIN 199110 0 0 0 3549 0 0 0 24973 0 227632 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 170129 0 0 0 799 0 0 0 20232 0 191160 0 0 0 ALEX BROSE VP DEVELOPMENT 162709 0 0 0 799 0 0 0 30103 0 193611 0 0 0 DANIEL SONG VP AND GENERAL MANAGER 146730 0 0 0 799 0 0 0 12862 0 160391 0 0 0 A CECFA 840892767 2012-08-15 15000000 CONSTRUCTION OF NEW BUILDINGS 0 0 0 A 14545813 14545813 0 0 0 1 A 0 0 0 0 1 0 0 0 0 A 0 RENATA ARADO SPOUSE OF TRUSTEE 22851 FACULTY COMPENSATION 0 X 31 477005 FAIR MARKET VALUE X GIFTS IN KIND 49 312260 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 2 FAMILY RELATIONSHIPS EXIST BETWEEN THE FOLLOWING SETS OF BOARD MEMBERS: (A) KAY BUCKSBAUM AND ANNE FRIEDMAN. 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 11 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 CEO COMPENSATION AND COMPARES THIS WITH OTHER SIMILAR POSITIONS AT SIMILAR INSTITUTIONS. THE COMMITTEE APPROVES CEO COMPENSATION AFTER ITS REVIEW. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS COMPENSATION OF THE VP OF FINANCE AND ADMINISTRATION AND COMPARES THIS WITH OTHER SIMILAR POSITIONS AT SIMILAR INSTITUTIONS. THE COMMITTEE APPROVES CEO COMPENSATION 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.