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Nonprofiteer
← ASPEN ART MUSEUM

Form 990 for tax year 2022

Filed by ASPEN ART MUSEUM.

Totals

Total revenue
$11,140,666
Total expenses
$11,133,692
Contributions and grants received
$9,556,110
Grants paid
$0
Program service revenue
$56,101
Investment income
$2,105
Other revenue
$1,526,350
Total assets, end of year
$42,038,641
Total liabilities, end of year
$2,803,891
Net assets or fund balances, end of year
$39,234,750
Program services expenses (Part IX)
$7,814,641
Management and general expenses
$1,652,854
Fundraising expenses
$1,666,197
Program service expenses (Part III)
$7,814,641

Program services were 70.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN PHELAN

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • MELONY LEWIS

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • AMNON RODAN

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • MARY SCANLAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • SARAH ARISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BARBARA BLUHM-KAUL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRIS BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JANET CROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOMENICO DE SOLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARCY EDELSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRUCE ETKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOE FELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CHRISTY FERER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BARBARA GAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID GANEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE HANSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NANCY MAGOON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NICOLA MARCUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUSAN MARX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL PARISER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NANCY ROGERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GAYLE STOFFEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMIE TISCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NICOLA LEES

    CHIEF EXECUTIVE OFFICER/DI

    Total calculated
    $604,134
    From this org
    $577,767
    From related orgs
    $0
    Other
    $26,367
    Hours/week
    60 + 2 related

    Schedule J breakdown matched by us

    Base
    $534,017
    Bonus
    $43,750
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,367
    Filer's total
    $604,134

  • JACLYN CARR

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $160,842
    From this org
    $144,189
    From related orgs
    $0
    Other
    $16,653
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,189
    Bonus
    $12,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,653
    Filer's total
    $160,842

  • TYLER SCHUBE RESIGNED 113022

    CHIEF FINANCIAL OFFICER

    Total calculated
    $242,030
    From this org
    $222,878
    From related orgs
    $0
    Other
    $19,152
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,724
    Bonus
    $15,000
    Other
    $16,154
    Deferred
    $0
    Nontaxable benefits
    $19,152
    Filer's total
    $242,030

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ASPEN ART MUSEUM PROVIDES A HOUSING ALLOWANCE APPROVED BY THE BOARD OF TRUSTEES FOR THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR. THE HOUSING ALLOWANCE BENEFITS PROVIDED ARE TAXABLE TO THE CHIEF EXECUTIVE OFFICER/CHIEF CURATOR/DIRECTOR.
PART I, LINE 1B
THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE AVAILABILITY OF HOUSING ALLOWANCES FOR MUSEUM EMPLOYEES.
PART I, LINE 7
THE ORGANIZATION'S COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2022, THE COMPENSATION COMMITTEE AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF DEVELOPMENT OFFICER A BONUS BASED ON REVIEW OF THE INDIVIDUAL'S PERFOMANCE AND SERVICES TO THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ASPEN ART MUSEUM FOUNDATION

    501(C)(3) · ESTABLISHMENT AND ADMINISTRATION OF ENDOWMENT · CO · controlled entity

    Directly controlled by ASPEN ART MUSEUM

Provenance

Return type
form_990
Tax year
2022
Filed
24 May 2024
IRS schema version
2022v5.0
Source object
202411519349300346

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