Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $982,807

• 3 · Investment income

  total $686,680 · excluded $686,680

• 6a · Gross rents

  real property $33,700

• 6b · Less rental expenses

  real property $105,968

• 6c · Rental income or loss

  real property -$72,268

• 6d · Net rental income or loss

  total -$72,268 · excluded -$72,268

• 7a · Gross sales of assets other than inventory

  securities $3,724,995

• 7b · Less cost or other basis and sales expenses

  securities $3,992,419

• 7c · Gain or loss

  securities -$267,424

• 7d · Net gain or loss

  total -$267,424 · excluded -$267,424

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,628,000 · program services $1,628,000

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,822 · end of year $1,609,145

• 3 · Pledges and grants receivable

  beginning of year $4,681,855 · end of year $4,512,884

• 4 · Accounts receivable

  beginning of year $1,000 · end of year $3,151

• 10a · Land, buildings and equipment: cost or other basis

  $2,178,108

• 10b · Land, buildings and equipment: accumulated depreciation

  $330,306

• 10c · Land, buildings and equipment, net

  beginning of year $852,915 · end of year $1,847,802

• 11 · Investments: publicly traded securities

  beginning of year $28,964,761 · end of year $28,329,384

• 12 · Investments: other securities

  end of year $2,268,952

• 15 · Other assets

  beginning of year $101,190 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $109,911 · end of year $329,762

• 23 · Secured mortgages and notes payable

  end of year $746,479

• 27 · Net assets without donor restrictions

  beginning of year $853,016 · end of year $780,764

• 28 · Net assets with donor restrictions

  beginning of year $33,646,616 · end of year $36,714,313

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF THE EX OFFICIO MEMBER, WHO IS THE CHIEF EXECUTIVE OFFICER/DIRECTOR OF THE ASPEN ART MUSEUM.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 81611 PROPERTIES LLC

  HOLDS TITLE TO REAL ESTATE · CO

  Directly controlled by ASPEN ART MUSEUM FOUNDATION