Music Associates Of Aspen Inc, Aspen Music Festival And School in Aspen, Colorado (CO)

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Music Associates Of Aspen Inc, Aspen Music Festival And School
Employer Identification Number (EIN)840445087
Name of OrganizationMusic Associates Of Aspen Inc
Secondary NameAspen Music Festival And School
Address225 Music School Rd, Aspen, CO 81611-8501
ActivitiesPrivate school, School, college, trade school, etc., Fundraising
SubsectionEducational Organization
Ruling Date03/1955
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$102,866,440
Amount of Income$36,040,501
Form 990 Revenue Amount$25,194,140
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Schools


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Amount of income in 2013: $36,040,501
This organization: 

 $36,040,501
Other organizations performing similar types of work: 

 $393,152

Assets in 2013: $102,866,440
This organization: 

 $102,866,440
Other organizations performing similar types of work: 

 $218,085

Expenses in 2013: $15,846,444
Music Associates Of Aspen Inc, Aspen Music Festival And School: 

 $15,846,444
Other organizations performing similar types of work: 

 $434,489

Income to expenses ratio in 2013: 2.3
This organization: 

 2.3
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 84.0%
Music Associates Of Aspen Inc, Aspen Music Festival And School: 

 84.0%
Other organizations performing similar types of work: 

 79.7%

Number of employees in 2013: 144
Music Associates Of Aspen Inc, Aspen Music Festival And School: 

 144
Other organizations performing similar types of work: 

 25

Employees paid over $100,000 in 2013: 9.7%
This organization: 

 9.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 50.2%
Music Associates Of Aspen Inc, Aspen Music Festival And School: 

 50.2%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?YesYes
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096294339
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return145144
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,494,931$1,343,654
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$107,404$97,607
Total number of individuals who received more than $100,000 of reportable compensation from the organization65
Total number of independent contractors who received more than $100,000 of compensation from the organization129
Statement of Revenue
201120122013
Total revenue$7,673,803$35,478,805$25,194,140
Contributions, Gifts, Grants and Other Similar Amounts$5,224,683$23,273,606$12,646,555
Program Service Revenue$5,728,912$5,878,803$6,236,194
900099$2,121,295$2,090,952
900099$3,401,871$3,772,767
Periodical Publishers $264,689$276,673
900099$72,133$77,074
900099$18,815$18,728
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$651,573$421,098$376,863
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$280,612$359,664$161,680
Gross rents (Real / Personal)$280,612 / $0$359,664 / $0$161,680 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$280,612 / $0$359,664 / $0$161,680 / $0
Net gain/loss from sales of assets other than inventory$3,959,208$-1,433,928$5,510,010
Gross amount from sales of assets other than inventory (Securities / Other)$3,396,472 / $2,240,479$942,016 / $0$16,112,943 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,411,347 / $266,396$467,999 / $1,907,945$10,602,933 / $0
Gain or (loss) (Securities / Other)$1,985,125 / $1,974,083$474,017 / $-1,907,945$5,510,010 / $0
Net income/loss from fundraising events$-89,925$-95,643$-87,459
Gross income from fundraising events$156,715$134,517$127,725
Less: direct expenses$246,640$230,160$215,184
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$12,622$25,596$-137
Gross sales of inventory, less returns and allowances$39,327$41,173$28,107
Less: cost of goods sold$26,705$15,577$28,244
Miscellaneous Revenue$-8,093,882$7,049,609$350,434
900099$6,952,902$224,302
900099$80,509$131,916
900099$16,198$-5,784
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$14,035,128$14,883,015$15,846,444
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$2,009,988$2,177,091
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,074,737$1,084,441$1,165,580
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$4,791,520$5,017,965$5,190,990
Pension plan accruals and contributions$97,173$91,582
Other employee benefits$304,992$361,293
Payroll taxes$228,348$229,395$240,481
Fees for services (non-employees)
Management$0$0
Legal$35,699$26,889
Accounting$39,550$42,856
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$114,410$111,421
Other$0$0
Advertising and promotion$148,188$328,395
Office expenses$762,497$828,725
Information technology$141,278$138,768
Royalties$0$0
Occupancy$112,035$97,674
Travel$197,506$233,354
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$2,062$5,681
Interest$0$25,363
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,311,396$1,579,755
Insurance$242,843$217,080
Other expenses$268,599$263,034
Other expenses$283,736$282,772
Other expenses$445,622$412,827
Other expenses$936,635$1,121,103
Other expenses$1,097,005$903,730
Balance Sheet
201120122013
Total assets$66,791,111$89,133,299$102,866,440
Cash - non-interest-bearing$4,434,956$1,122,678
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$14,008,586$14,057,335
Accounts receivable, net$903,455$726,236
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$14,371$8,611
Prepaid expenses and deferred charges$445,499$588,947
Land, buildings, and equipment: cost or other basis$16,189,027$28,322,317
Investments - publicly traded securities$21,036,072$24,391,161
Investments - other securities$30,944,290$32,358,271
Investments - program-related$0$0
Intangible assets$0$0
Other assets$1,157,043$1,290,884
Total liabilities$612,352$2,358,750$6,744,195
Accounts payable and accrued expenses$1,695,224$1,867,588
Grants payable$0$0
Deferred revenue$21,473$25,531
Tax-exempt bond liabilities$0$597,977$4,828,518
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$44,076$22,558
Total net assets or fund balances$66,178,759$86,774,549$96,122,245
Unrestricted net assets$22,311,086$27,440,712
Temporarily restricted net assets$28,197,170$30,475,485
Permanently restricted net assets$36,266,293$38,206,048
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$15,292,363$13,032,705$16,645,109$20,096,670$18,035,633$16,879,089$18,123,206$7,034,583
Contributions, gifts, grants, and similar amounts received$8,509,227$5,960,345$5,199,380$6,488,790$5,167,262$4,906,709$5,967,847$9,284,163
Contributions to donor advised funds$0$0
Direct public support$8,392,777$5,827,597$5,047,030$6,374,712$4,848,612$4,870,959$5,925,347$9,241,163
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$116,450$132,748$152,350$114,078$318,650$35,750$42,500$43,000
Program service revenue including government fees and contracts$5,557,616$5,384,705$5,491,823$5,906,178$6,142,041$6,703,527$6,740,397$7,171,709
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$155,082$124,308$86,068$73,633$36,298$56,676$68,068$30,383
Dividends and interest from securities$432,984$343,348$579,858$577,933$410,131$585,528$458,555$452,787
Net rental income or (loss)$166,631$152,527$167,023$177,330$185,411$186,167$202,030$209,743
Gross rents$166,631$152,527$167,023$177,330$185,411$186,167$202,030$209,743
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$1,892,400$-489,353$505,279$4,585,780$561,647$3,619,415$-1,067,226$1,982,960
Gross amount from sales of assets other than inventory$15,634,717$15,273,734$11,768,801$18,586,532$1,743,847$10,013,165$5,983,581$17,387,649
Less: cost or other basis and sales expenses$13,742,317$15,763,087$11,263,522$14,000,752$1,182,200$6,393,750$7,050,807$15,404,689
Net income or (loss) from special events and activities$147,146$167,202$197,256$245,598$84,611$-92,668$-277,985$-210,793
Gross revenue$310,963$450,018$551,740$555,700$430,666$207,755$138,915$41,400
Less: direct expenses other than fundraising expenses$163,817$282,816$354,484$310,102$346,055$300,423$416,900$252,193
Gross profit or (loss) from sales of inventory$29,467$32,784$20,589$31,208$23,051$21,448$22,029$14,911
Gross sales of inventory, less returns and allowances$58,563$60,543$48,916$58,935$55,384$64,030$55,980$58,488
Less: cost of goods sold$29,096$27,759$28,327$27,727$32,333$42,582$33,951$43,577
Other revenue$-1,598,190$1,356,839$4,397,833$2,010,220$5,425,181$892,287$6,009,491$-11,901,280
Total expenses$12,908,262$13,138,936$12,829,711$13,426,846$14,283,886$14,806,378$15,971,703$17,604,518
Program services$10,712,349$10,674,005$10,825,909$11,238,100$11,754,315$12,309,921$13,225,904$14,791,463
Management and general$1,616,951$1,883,584$1,442,456$1,589,782$1,818,944$1,859,107$1,949,931$1,897,852
Fundraising$578,962$581,347$561,346$598,964$710,627$637,350$795,868$915,203
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$61,143,196$61,036,965$64,852,363$71,522,187$75,273,934$77,346,645$79,498,148$68,928,213
Excess or (deficit) for the year$2,384,101$-106,231$3,815,398$6,669,824$3,751,747$2,072,711$2,151,503$-10,569,935
Net assets or fund balances at beginning of year$58,759,095$61,143,196$61,036,965$64,852,363$71,522,187$75,273,934$77,346,645$79,498,148
Other changes in net assets or fund balances$0$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$17,604,518$14,791,463$1,897,852$915,203
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$2,117,643
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$859,321$567,069$166,336$125,916
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$6,270,545$5,021,236$733,621$515,688
Pension plan contributions not included above$94,826$75,307$11,395$8,124
Employee benefits not included above$322,046$255,757$38,699$27,590
Payroll taxes$222,776$176,921$26,770$19,085
Professional fundraising fees$0$0$0$0
Accounting fees$31,859$0$31,859$0
Legal fees$27,183$0$27,183$0
Supplies$38,310$23,643$7,114$7,553
Telephone$104,157$65,830$22,427$15,900
Postage and shipping$70,776$49,278$5,500$15,998
Occupancy$580,455$552,187$24,593$3,675
Equipment rental and maintenance$434,473$409,020$16,161$9,292
Printing and publications$500,105$426,564$3,163$70,378
Travel$312,721$252,316$37,990$22,415
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,562,366$1,433,617$112,011$16,738
Other expenses not covered above$4,054,956$3,365,075$633,030$56,851
Balance Sheets
20002001200220032004200520062007
Total assets$69,061,913$67,142,095$69,831,916$75,185,268$76,404,412$78,396,361$80,550,345$70,316,772
Cash - non-interest-bearing$0$3,313,171$3,411,734$0$0$0$0$0
Savings and temporary cash investments$3,442,004$0$0$1,565,747$1,528,157$1,122,635$579,359$994,790
Accounts receivable less allowance for doubtful accounts$53,749$44,953$45,710$125,004$125,384$169,505$121,863$448,654
Pledges receivable less allowance for doubtful accounts$11,232,153$6,104,091$4,093,122$3,773,561$2,403,282$1,925,362$1,921,272$2,319,307
Grants receivable$959,175$460,401$365,428$40,580$369,489$221,611$134,396$44,125
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$11,263$11,715$9,991$13,565$14,171$22,062$16,907$8,988
Prepaid expenses and deferred charges$1,180,194$1,159,236$1,257,074$3,334,361$294,469$316,443$324,389$334,425
Investments - publicly-traded securities$42,729,586$34,014,723
Investments - other securities$28,919,670$33,709,381$38,939,222$44,848,517$51,408,203$54,289,949$14,523,298$10,419,147
Investments - land, buildings, and equipment less accumulated depreciation$1,911,492$2,085,000$2,560,000$3,267,100$3,015,800$3,993,423$4,844,724$4,844,724
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$20,570,485$19,350,726$18,184,549$17,199,207$15,957,091$15,227,134$14,136,143$15,841,458
Other assets, including program-related investments$781,728$903,421$965,086$1,017,626$1,288,366$1,108,237$1,218,408$1,046,431
Total liabilities$7,918,717$6,105,130$4,979,553$3,663,081$1,130,478$1,049,716$1,052,197$1,388,559
Accounts payable and accrued expenses$688,899$234,691$328,181$351,510$582,369$744,797$768,294$1,128,768
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$123,019$119,340$99,538$105,498$108,551$109,677$112,449$114,338
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$6,609,263$5,398,391$4,137,519$2,816,647$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$497,536$352,708$414,315$389,426$439,558$195,242$171,454$145,453
Total liabilities and net assets/fund balances$69,061,913$67,142,095$69,831,916$75,185,268$76,404,412$78,396,361$80,550,345$70,316,772
Total net assets or fund balances$61,143,196$61,036,965$64,852,363$71,522,187$75,273,934$77,346,645$79,498,148$68,928,213
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$15,292,363$13,032,705$16,645,109$20,096,670$18,035,633$16,879,089$18,123,206$7,034,583
Total revenue, gains, and other support per audited financial statements$15,470,240$13,182,648$16,835,840$20,256,928$18,246,147$17,037,707$18,297,278$7,192,804
Other expenses$177,877$149,943$190,731$160,258$210,514$158,618$174,072$158,221
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$177,877$149,943$190,731$160,258$210,514$158,618$174,072$158,221
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$12,908,262$13,138,936$12,829,711$13,426,846$14,283,886$14,806,378$15,971,703$17,604,518
Total expenses and losses per audited financial statements$13,086,139$13,288,879$13,020,442$13,587,104$14,494,400$14,964,996$16,145,775$17,762,739
Other revenue$177,877$149,943$190,731$160,258$210,514$158,618$174,072$158,221
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$177,877$149,943$190,731$160,258$210,514$158,618$174,072$158,221
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
0$22,270$0$0
0$27,170$0$0
0$23,811$0$0
0$55,120$0$0
0$25,820$0$0
0$32,870$0$0
0$33,617$0$0
0$22,080$0$0
0$30,486$0$0
40$394,820$6,563$77,195
40$178,500$10,583$3,599
0$26,242$0$0
0$23,835$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings50
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200640
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$377,032$-9,362,243$6,735,631
Program service revenue
Program service revenue 1000000$000$0$3,902,914
Program service revenue 2000000$000$0$2,742,303
Program service revenue 3Periodical publishers (except Internet)$377,03200$0$0
Program service revenue 4000000$000$0$90,414
Program service revenue 5000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$59,046$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$30,383$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$452,787$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$209,743$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,982,960$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-210,793$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$14,911$0
Other revenue000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-11,901,280$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$154,149$7,576$0
$132,659$7,845$0
$123,849$7,292$0
$122,349$7,202$0
$121,729$0$0
Total number of other employees paid over $50,00018
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$233,791$339,876$-106,085
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$233,791$339,876$-106,085
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-106,085
Unrelated business taxable income before net operating loss deduction$-106,085
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-106,085
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Music Associates Of Aspen Inc, Aspen Music Festival And School225 Music School Rd, Aspen, CO 81611-8501CO1955-03$36,040,501
2Usdan Center For The Creative And Performing Arts420 E 79th St, New York, NY 10075-1472NY1974-11$13,615,857
3Society Of The Third Street Music School Settlement Inc235 E 11th St, New York, NY 10003-7305NY1942-12$7,021,035
4Society For Strings Inc1424 County Route 10, Westport, NY 12993-3203NY1952-12$5,745,823
5Universal Ballet Foundation, Dba Kirov Acdy Of Ballet Wa Dc4301 Harewood Rd Ne, Washington, DC 20017-1514DC1992-08$4,872,722
6School For Strings Inc419 W 54 Stt, New York, NY 10019NY1977-09$3,466,827
7Stanford Jazz WorkshopPO BOX 20454, Stanford, CA 94309-0454CA1987-12$3,246,365
8The Circus Barn Incorporated, Circus Smirkus1 Circus Rd, Greensboro, VT 05841-8166VT1974-03$2,930,838
9Wisconsin Conservatory Of Music Inc1584 N Prospect Ave, Milwaukee, WI 53202-6501WI1953-09$2,405,532
10The Music School Of Delaware Inc4101 N Washington St, Wilmington, DE 19802-2151DE1941-09$2,144,848
11School Of The Performing Arts In The Richmond Community Sparc2106 N Hamilton St Ste A, Richmond, VA 23230-4120VA1985-03$2,122,643
12Tada Theatre And Dance Alliance Inc15 West 28th Street, New York, NY 10001-6410NY1985-12$1,921,282
13Turtle Bay Music School Inc244 E 52nd St, New York, NY 10022-6201NY1935-12$1,830,509
14Stella Adler Theatre6773 Hollywood Blvd 2nd Floor, Hollywood, CA 90028-4623CA1992-07$1,600,610
15The Concord Community Music SchoolPO BOX 1725, Concord, NH 03302NH1984-12$1,493,495
16The Spartan Junior Drum And Bugle Corps IncOne Positive Place, Nashua, NH 03060NH1980-01$1,431,685
17Stecher And Horowitz Foundation119 W 57th St Ste 1401, New York, NY 10019-2400NY2000-09$1,273,799
18Yestermorrow Inc7865 Main St, Waitsfield, VT 05673-6266VT$1,223,548
19Washington Conservatory Of Music1 Westmoreland Cir, Bethesda, MD 20816-2746MD1984-09$1,179,319
20T Schreiber Studio Inc151 West 26th St, New York, NY 10001-6810NY1973-10$1,179,024
Number of organizations performing similar types of work
Alaska1
Arizona2
California39
Colorado1
Connecticut10
District of Columbia5
Delaware2
Florida2
Georgia3
Hawaii3
Iowa1
Idaho1
Illinois10
Indiana1
Kentucky2
Massachusetts21
Maryland5
Maine7
Michigan6
Minnesota7
Missouri2
Montana1
North Carolina5
North Dakota1
Nebraska2
New Hampshire4
New Jersey12
New Mexico2
Nevada1
New York50
Ohio2
Oklahoma2
Oregon3
Pennsylvania17
Rhode Island1
Tennessee3
Texas10
Utah1
Virginia8
Vermont5
Washington10
Wisconsin6
Wyoming1
International2
Total280

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