2012-08-14T09:14:53-05:00 2011-09-30 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2010-10-01 841515243 Aspen Art Museum Foundation ASPE 9709258050 590 N Mill St Aspen CO 81611 JONATHAN LEE 2012-07-30 true 7196301186 2010 2016-02-24 21:20:13Z Jonathan Lee President 590 N Mill St Aspen CO 81611 2188661 false X N/A X 1999 CO THE ESTABLISHMENT AND MAINTENANCE OF AN ENDOWMENT FUND EXCLUSIVELY FOR THE USE OF THE ASPEN ART MUSEUM. 9 9 0 0 0 10000 1065204 0 0 12 12 0 1119361 10012 2184577 0 1766144 0 0 0 0 0 0 0 30103 27607 30103 1793751 -20091 390826 8784354 9039823 2000 8784354 9037823 THE ESTABLISHMENT AND MAINTENANCE OF AN ENDOWMENT FUND EXCLUSIVELY FOR THE USE OF THE ASPEN ART MUSEUM. false false 1767898 1766144 ESTABLISH AND MAINTAIN AN ENDOWMENT FUND EXCLUSIVELY FOR THE BENEFIT OF THE ASPEN ART MUSEUM, A NONPROFIT ORGANIZATION. 1766144 true true false false false false false false true true false false false false false false true false false false false false false false false false true false false false false false false false false false false false false false false true true false false false false true X 0 0 0 false false false false false false false false false false X 9 9 false false false false false false false true true false false true false false false false false false X X THE FOUNDATION 9709258050 590 N MILL Aspen CO 91611 X JONATHAN LEE 2.0 X X 0 0 0 ALLEN QUESTROM 2.0 X X 0 0 0 DOMENICO DE SOLE 2.0 X X 0 0 0 SUSAN MARX 2.0 X X 0 0 0 DANNY HOLTZ 2.0 X 0 0 0 CHARLES BALBACH 2.0 X 0 0 0 JOHN PHELAN 2.0 X 0 0 0 PAUL SCHORR 2.0 X 0 0 0 LARRY MARX 2.0 X 0 0 0 0 0 0 0 false false false 0 1065204 1065204 0 12 12 0 0 3740 4084 -344 -344 -344 0 0 0 0 PAYMENT FROM AFFILIATE 900099 1119705 1119705 1119705 2184577 1119373 1766144 1766144 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27297 27297 0 0 0 310 310 0 0 0 0 0 0 0 0 0 0 1793751 1766144 27607 0 20437 25469 3594164 2499369 10000 0 1118360 2330 1116030 5159753 5398955 8784354 9039823 2000 0 2000 X 170797 667813 3594164 44245 5019393 8325765 8784354 9037823 8784354 9039823 X 390826 -137357 X X false true true X false X X X false false false ASPEN ART MUSEUM 840746671 07 true true true 1766144 1 1766144 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5019393 4809728 -137357 1766144 27297 7898323 5009393 10000 5019393 4649393 360000 5009393 0.99470 0.00530 true true true 1118360 2330 1116030 1116030 2184577 1793751 390826 -137357 -137357 253469 2051304 -137357 -137357 2188661 -4084 -4084 2184577 1797835 4084 4084 1793751 1793751 PART V, LINE 4: ENDOWMENT FUND EARNINGS ARE EITHER RESTRICTED OR UNRESTRICTED BASED ON THE DONOR'S REQUEST. RESTRICTED FUNDS INCLUDE EXHIBITION COSTS, LECTURE SERIES, DIRECTOR COSTS, LATIN AMERICAN ART OUTREACH, ROOF DECK SCULPTURES, AND PUBLICATIONS. THE UNRESTRICTED ENDOWMENT FUND ALLOWS EARNINGS TO BE USED FOR GENERAL MUSEUM PURPOSES. PART XIII, LINE 2D: RENT EXPENSES PART XII, LINE 2D: RENT EXPENSES true ASPEN ART MUSEUM 590 N MILL ST ASPEN CO 81611 840746671 501(C)(3) 1766144 GENERAL SUPPORT AND CAPITAL CAMPAIGN 1 0 Form 990, Sch. I, Part I, Line 2 Endowment draws (grants) must be no more than the amount reported by the museum as expenses for the donor designation. Reports to donors (if required) and museum financial statements are used to verify grant requests. FORM 990, PART XI, LINE 2C OVERSIGHT OF AUDIT: THE ORGANIZATION MADE NO CHANGES IN THE MANNER OF PROVIDING OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS BY AN INDEPENDENT ACCOUNTANT. FORM 990, PARTVI, LINE 11A THE ORGANIZATION SENDS A DRAFT COPY OF THE REPORT TO THE ADMINISTRATIVE OFFICE OF THE MUSEUM FOR INITIAL REVIEW. THE ADMINISTRATIVE OFFICE REVIEWS THE 990, THEN SEND IT TO FOUNDATION BOARD MEMBERS FOR THEIR APPROVAL. AFTER RECEIVING APPROVAL, THE 990 IS FILED. FORM 990, PART XI, LINE 5 Unrealized/Realized Gains ($137,357) FORM 990, PART VI, LINE 19 THE ORGANIZING DOCUMENTS AND 990 FORMS ARE AVAILABLE TO THE PUBLIC BY REQUEST. 81611 PROPERTIES LLC 590 N MILL ST ASPEN CO 81611 452429880 RENT PROPERTY CO 1123445 1121361 See Pt VII ASPEN ART MUSEUM 590 N MILL ST ASPEN CO 81611 840746671 ART MUSEUM CO 501(C)(3) LINE 7 false false true false false false false false false false false false false false false false false false true Part I, line 1, column f Direct controlling entity Aspen Art Museum Foundation