2015-05-13T10:34:06-05:00 2014-09-30 841509269 MCMAHAN AND ASSOCIATES LLC PO BOX 5850 AVON CO 81620 990 2013-10-01 840445087 MUSIC ASSOCIATES OF ASPEN INC MUSI 9709253254 225 MUSIC SCHOOL ROAD ASPEN CO 81611 ALAN FLETCHER PRESIDENT AND CEO PRESIDENT & CEO 9709253254 2015-04-21 1 PAUL J BACKES P00175605 9708458800 2013 2016-02-25 16:41:14Z ASPEN MUSIC FESTIVAL AND SCHOOL ALAN FLETCHER 225 MUSIC SCHOOL ROAD ASPEN CO 81611 30206704 0 X HTTP://WWW.ASPENMUSICFESTIVAL.COM/ X 1954 CO SEE PART III, LINE 1. 50 38 152 200 326141 9603 12646555 7830700 6236194 6573171 5886873 4012156 424518 109438 25194140 18525465 2177091 2394703 0 0 7049926 4366559 0 0 1005576 6619427 10449326 15846444 17210588 9347696 1314877 102866440 113369854 6744195 15330032 96122245 98039822 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 13892240 2394703 6131757 MUSIC EDUCATION FOR 630 STUDENTS DURING AN EIGHT-WEEK SESSION, INCLUDING ORCHESTRAL AND CHAMBER PERFORMANCES BEFORE PUBLIC AUDIENCES OF APPROXIMATELY 75,000 PATRONS. 181012 120268 COMMUNITY MUSIC EDUCATION AND OUTREACH, INCLUDING IN-SCHOOL ENRICHMENT AND AFTER SCHOOL PROGRAMMING FOR APPROXIMATELY 400 STUDENTS THROUGHOUT THE ROARING FORK VALLEY. 10392 OTHER PROGRAM SERVICES. 10392 14073252 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 1 0 1 0 1 0 0 0 0 0 0 0 0 1 339 0 1 152 1 1 1 0 0 0 0 1 1 0 0 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 9709253254 225 MUSIC SCHOOL ROAD ASPEN CO 81611 THOMAS H BAER TRUSTEE 0.00 X 0 0 0 ED BERKELEY TRUSTEE/FACULTY 5.00 X 29150 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 30463 0 0 JERRY EBERHARDT TRUSTEE 0.00 X 0 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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 25107 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 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 22116 0 0 JOAQUIN VALDEPENAS TRUSTEE/FACULTY 5.00 X 28813 0 0 NANCY WALL TRUSTEE 0.00 X 0 0 0 CARRIE WELLS TRUSTEE 0.00 X 0 0 0 NADINE ASIN TRUSTEE/FACULTY 5.00 X 24363 0 0 STEFAN EDLIS TRUSTEE 0.00 X 0 0 0 NANETTE FINGER TRUSTEE 0.00 X 0 0 0 JANE FRAZER TRUSTEE 0.00 X 0 0 0 JONATHAN HAAS TRUSTEE/FACULTY 5.00 X 25213 0 0 CORNELIA HEARD TRUSTEE/FACULTY 5.00 X 30019 0 0 SYDNEY HODKINSON TRUSTEE/FACULTY 5.00 X 20861 0 0 FRED KUCKER TRUSTEE 0.00 X 0 0 0 ANTHONY MAZZA TRUSTEE 0.00 X 0 0 0 LAUREN SCHIFF TRUSTEE/FACULTY 5.00 X 20062 0 0 ALISON TEAL TRUSTEE 0.00 X 0 0 0 ALAN FLETCHER PRESIDENT/CEO 40.00 X 452834 0 25692 JENNIFER B ELLIOT VP FINANCE/ADMIN 40.00 X 206702 0 19453 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 40.00 X 165750 0 19587 ALEX BROSE VP DEVELOPMENT 40.00 X 152830 0 7659 DANIEL SONG VP AND GENERAL MANAGER 40.00 X 145122 0 7039 LAURA SMITH DIRECTOR OF COMMUNICATIONS 40.00 X 117856 0 20146 JENNIFER JOHNSTON VP & DEAN OF STUDENTS 40.00 X 122070 0 14824 SCOTT CRAWFORD CONTROLLER 40.00 X 107733 0 18675 1893929 0 133075 8 0 1 0 SHAW CONSTRUCTION LLC 760 HORIZON DRIVE GRAND JUNCTION CO 81506 GENERAL CONTRACTOR 20325355 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 525839 HARRY TEAGUE ARCHITECTS 129 EMMA ROAD BASALT CO 81621 ARCHITECT 383504 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH NEW YORK NY 10016 ARTIST MANAGEMENT 204050 THE WELLS PARTNERSHIP INC 7200 S ALTON WAY CENTENNIAL CO 80112 OWNER'S AGENT 197587 8 889133 144940 6796627 7830700 STUDENT FEES 900099 3904415 3904415 TICKET SALES 900099 2227342 2227342 PROGRAM ADVERTISING 511120 299291 299291 OUTREACH 900099 120268 120268 CONCESSIONS & TAPE SAL 900099 21855 21855 6573171 843058 26850 816208 166380 0 166380 166380 166380 14542655 11373557 3169098 3169098 3169098 140415 889133 297087 -156672 -156672 36480 10595 25885 25885 SPLIT INTEREST AGREEME 900099 63453 63453 MISCELLANEOUS REVENUE 900099 10392 10392 73845 18525465 6262417 326141 4106207 2394703 2394703 1577231 943346 311901 321984 2067048 1236306 408764 421978 96048 26685 58198 11165 375428 111695 226145 37588 250804 124968 98445 27391 18424 18424 47710 47710 92800 92800 208525 160120 2911 45494 544850 540050 4800 410444 340790 29119 40535 142953 78675 49983 14295 224124 199925 20812 3387 249113 122617 116137 10359 349240 349240 1958406 1958406 250149 218620 25497 6032 FACULTY EXPENSES 2333846 2333846 STUDENT ROOM & BOARD CO 1059276 1059276 GUEST ARTIST EXPENSES 634162 634162 RENTAL OF EQUIPMENT & V 325663 325663 1599641 1454209 84864 60568 17210588 14073252 2131760 1005576 1122678 1183778 14057335 12337295 726236 158184 8611 15145 588947 161857 49491794 22488895 28322317 27002899 24391161 31917141 32358271 39479195 1290884 1114360 102866440 113369854 1867588 717982 25531 46703 4828518 14545813 22558 19534 6744195 15330032 X 27440712 28594341 30475485 29605866 38206048 39839615 96122245 98039822 102866440 113369854 1314877 602700 0 X 0 1 X 1 0 X 5495554 5240757 23284838 12559096 7674027 54254272 5495554 5240757 23284838 12559096 7674027 54254272 54254272 2063567 4507189 861080 5907101 3891707 17230644 -20938 -11972 -34805 10603 -57112 580999 523260 590870 367270 500688 2563087 73990891 28208715 0.73330 X FORM 990, SCHEDULE A, PART I THE ORGANIZATION IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II), BUT ALSO MEETS THE PUBLIC SUPPORT TEST FOR SCHEDULE B, SO IS IDENTIFIED AS A PUBLICLY SUPPORTED ORGANIZATION FOR PURPOSES OF SCHEDULE A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 50766489 326127 5201692 -1169645 -1322143 -120872 53681648 0.07350 0.59770 0.32880 0 0 1600000 349265 1949265 650000 36306248 18722154 18234094 1132006 621678 510328 2400732 2058288 342444 7053543 1086775 5966768 27002899 EQUITY INVESTMENT FUNDS 20313456 F ABSOLUTE RETURN HEDGE FUNDS 7243152 F EQUITY HEDGE FUNDS 11922587 F 39479195 ANNUITY OBLIGATIONS 19534 19534 19136816 602702 90854 693556 18443260 92800 -10595 82205 18525465 17219237 90854 90854 17128383 92800 -10595 82205 17210588 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 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERNALLY GENERATED REVENUE/EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES 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 NATIONAL ENDOWMENT FOR THE ARTS - $10,750 CENTRAL AMERICA AND THE CARIBBEAN 0 0 ENDOWMENT INVESTMENTS 13079682 0 0 0 0 0 0 13079682 0 13079682 0 0 0 1 0 0 SEASON BENEFIT 745513 665588 79925 2500 28067 62698 82152 OPERA BENEFIT 116482 98282 18200 367 15209 2300 27297 3 167553 125263 42290 0 47908 0 28589 1029548 889133 140415 2867 91184 64998 138038 297087 -156672 1 FELLOWSHIPS 231 190538 1375500 FAIR MARKET VALUE TUITION AND ROOM & BOARD SCHOLARSHIPS 207 0 704835 FAIR MARKET VALUE TUITION AND ROOM & BOARD WORK STUDY 282 81181 0 DORM ASSISTANCE 12 0 42600 FAIR MARKET VALUE ROOM & BOARD PART I, LINE 2: MAA MAINTAINS A DATABASE OF GRANT AWARDS TO ENSURE THAT THESE ARE APPROPRIATELY DISTRIBUTED. FORM 990, SCHEDULE I, PART III GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. THE MAJORITY OF MAA'S GRANTS ARE NON-CASH TUITION AND ROOM & BOARD FORGIVENESS FOR OUR PROGRAM ONLY. CASH AMOUNTS PAID TO STUDENTS DURING SUMMER TERM ARE TO OFFSET HOUSING AND OTHER EXPENSES. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ALAN FLETCHER PRESIDENT/CEO 353926 0 0 0 98908 0 15075 0 10617 0 478526 0 0 0 JENNIFER B ELLIOT VP FINANCE/ADMIN 176898 0 10000 0 19804 0 11794 0 7659 0 226155 0 0 0 ASADOUR SANTOURIAN VP ARTISTIC ADMIN. 142750 0 0 0 23000 0 9930 0 9657 0 185337 0 0 0 ALEX BROSE VP DEVELOPMENT 145330 0 0 0 7500 0 0 0 7659 0 160489 0 0 0 DANIEL SONG VP AND GENERAL MANAGER 140322 0 0 0 4800 0 0 0 7039 0 152161 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 FORM 990 SCHEDULE K IN AUGUST 2012, MAA SECURED A $15,000,000 TAX-EXEMPT DRAWDOWN LOAN FOR PURPOSES OF FINANCING THE CONSTRUCTION OF NEW BUILDINGS ON ITS CASTLE CREEK CAMPUS. AS OF SEPTEMBER 30, 2014, MAA HAD TAKEN DRAWS TOTALLING 14,545,813. ALEJANDRO VALDEPENAS CHILD OF TRUSTEE 3550 TUITION FORGIVENESS RENATA ARADO SPOUSE OF TRUSTEE 22851 FACULTY COMPENSATION 0 VIRGINIA WECKSTROM SPOUSE OF TRUSTEE 25703 FACULTY COMPENSATION 0 X 27 423743 FAIR MARKET VALUE X GIFTS IN KIND 32 286736 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 AND (B) SAM BROWN AND ALLISON TEAL. 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.