Aspen Art Museum is located in Aspen, CO. The organization was established in 1978. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Aspen Art Museum employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Art Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Aspen Art Museum generated $9.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $8.2m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTING THE NEWEST, MOST IMPORTANT EVOLUTIONS IN INTERNATIONAL CONTEMPORARY ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY GOAL OF THE ASPEN ART MUSEUM (AAM) IS TO BE A COMMUNITY RESOURCE FOR THE APPRECIATION, EDUCATION, AND DISCUSSION OF CONTEMPORARY ART. AAM EXHIBITIONS CAN BE SUMMARIZED AS FALLING INTO THREE GENERAL CATEGORIES: FIRST-TIME US MUSEUM EXHIBITIONS BY SIGNIFICANT EMERGING CONTEMPORARY ARTISTS FROM AROUND THE GLOBE; SOLO EXHIBITIONS BY IMPORTANT OR ESTABLISHED CONTEMPORARY ARTISTS THAT FOCUS ON NEW, UNRECOGNIZED, OR UNDERAPPRECIATED ASPECTS OF THEIR WORK; GROUP EXHIBITIONS CURATED TO ADDRESS PRESCIENT OR TOPICAL CONTEMPORARY CULTURAL, SOCIAL, OR POLITICAL SUBJECT MATTER, OR OTHERWISE CORRESPONDING TO AN ORGANIZING CURATORIAL THEME. THE AAM IS COMMITTED TO PROVIDING EXHIBITION AND EDUCATIONAL PROGRAMMING ON A YEAR-ROUND BASIS FOR SURROUNDING COLORADO COMMUNITIES.
THE AAM STRIVES TO MAKE CONTEMPORARY ART MEANINGFUL TO A WIDE ARRAY OF AUDIENCES THROUGH INTERPRETIVE PROJECTS AND DIVERSE, COMMUNITY-BASED PROGRAMMING. THESE OBJECT-BASED LEARNING OPPORTUNITIES ARE DESIGNED TO ENGAGE AUDIENCES IN THOUGHT-PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY, THUS REFLECTING OUR INSTITUTIONAL MISSION. PROGRAMS OCCUR BOTH IN THE MUSEUM AND THROUGHOUT THE COMMUNITY AND PROVIDE THE OPPORTUNITY FOR AUDIENCES TO SEE AND RESPOND TO CONTEMPORARY ART THROUGH HANDS-ON WORKSHOPS, GALLERY TALKS, AND TOURS, LECTURES, AND INNOVATIVE ACTIVITIES RELATED TO CURRENT EXHIBITIONS. IN THE 2020-2021 FISCAL YEAR, THE AAM SERVED 450 STUDENTS AND TEACHERS THROUGH 30 SCHOOL TOURS AND CLASSROOM VISITS; 1075 THROUGH YOUTH, FAMILY, AND TEEN PROGRAMS; 696 PEOPLE THROUGH COMMUNITY PROGRAMS AND TOURS. THE AAM IS ONE OF FOUR ACCREDITED ART MUSEUMS IN THE STATE OF COLORADO AND THE ONLY ACCREDITED ART MUSEUM LOCATED IN THE WESTERN PORTION OF THE STATE. THE MUSEUM'S REACH CONTINUES TO BROADEN, WITH AN ATTENDANCE TOTAL OF 50,823 PEOPLE IN THE FISCAL YEAR 2021. PLEASE NOTE OUR ATTENDANCE WAS DOWN FROM THE PRIOR YEAR DUE TO COVID 19 CLOSURES AND RESTRICTIONS.
AUXILIARY SERVICES INCLUDING THE MUSEUM SHOP AND CAFE. THE MUSEUM SHOP OFFERS A VARIETY OF CONTEMPORARY ART BOOKS, FOCUSING ON CONTEMPORARY ARTISTS, GROUP EXHIBITIONS AT OTHER RENOWNED INSTITUTIONS, AND ART HISTORY PUBLICATIONS. THE ASPEN ART PRESS PUBLISHES APPROXIMATELY FOUR TO FIVE CATALOGUES A YEAR THAT RELATE TO THE MUSEUM'S EXHIBITION PROGRAMMING, WHICH ARE AVAILABLE FOR PURCHASE IN THE MUSEUM SHOP AND INCLUDE ESSAYS BY THE AAM CURATORIAL STAFF AS WELL AS INTERNATIONAL WRITERS WHO ARE EXPERTS IN THE FIELD OF CONTEMPORARY ART AND CULTURE. ADDITIONALLY, THE SHOP OFFERS CHILDREN'S BOOKS, CREATIVE ACTIVITIES, AND AN INCREASING NUMBER OF ARTIST EDITIONS, WHICH ENGAGE AUDIENCES IN THOUGHT-PROVOKING EXPERIENCES OF ART, CULTURE, AND SOCIETY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicola Lees Chief Executive Officer/director | Officer | 60 | $340,003 |
Tyler Schube Chief Financial Officer | Officer | 50 | $160,873 |
Luis Yllanes Chief Operations Officer | Officer | 50 | $133,180 |
Amnon Rodan Co-President | OfficerTrustee | 4 | $0 |
Melony Lewis Co-President | OfficerTrustee | 4 | $0 |
John Phelan Chair | OfficerTrustee | 4 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Epicure Catering Cafe Catering | 9/29/21 | $391,445 |
Asc Catering Catering Artcrush Event | 9/29/21 | $157,095 |
Dietl International Shipping | 9/29/21 | $133,690 |
Secure Environment Systems Technology Support | 9/29/21 | $124,600 |
Schwartzman & Associates Art Services | 9/29/21 | $127,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $178,491 |
Fundraising events | $5,435,275 |
Related organizations | $1,240,000 |
Government grants | $1,197,945 |
All other contributions, gifts, grants, and similar amounts not included above | $2,849,561 |
Noncash contributions included in lines 1a–1f | $4,328,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,901,272 |
Total Program Service Revenue | $69,425 |
Investment income | $620 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $270,268 |
Net Gain/Loss on Asset Sales | -$748 |
Net Income from Fundraising Events | -$1,822,031 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $125,716 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,544,522 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $773,197 |
Compensation of current officers, directors, key employees. | $159,112 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,099,230 |
Pension plan accruals and contributions | $28,755 |
Other employee benefits | $203,621 |
Payroll taxes | $205,612 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,292,073 |
Advertising and promotion | $54,897 |
Office expenses | $78,037 |
Information technology | $270,341 |
Royalties | $331,622 |
Occupancy | $0 |
Travel | $166,074 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $110,315 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $994,625 |
Insurance | $41,228 |
All other expenses | $91,486 |
Total functional expenses | $8,212,625 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,813,518 |
Pledges and grants receivable | $1,974,015 |
Accounts receivable, net | $579,714 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $418,681 |
Prepaid expenses and deferred charges | $98,639 |
Net Land, buildings, and equipment | $37,670,143 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $481,547 |
Total assets | $45,036,257 |
Accounts payable and accrued expenses | $699,429 |
Grants payable | $0 |
Deferred revenue | $294,968 |
Tax-exempt bond liabilities | $2,226,036 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,220,433 |
Net assets without donor restrictions | $41,777,824 |
Net assets with donor restrictions | $38,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $45,036,257 |
Over the last fiscal year, we have identified 1 grants that Aspen Art Museum has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Moscoe Family Foundation Minnetonka, MN PURPOSE: GENERAL | $1,000 |
Beg. Balance | $34,326,737 |
Earnings | $3,852,171 |
Net Contributions | $2,858,660 |
Grants | $1,240,000 |
Ending Balance | $39,797,568 |
Organization Name | Assets | Revenue |
---|---|---|
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Tucson Museum Of Art Tucson, AZ | $11,220,910 | $5,263,730 |
New Museum At The Bradford Brinton Ranch Big Horn, WY | $21,761,530 | $2,659,139 |
Site Santa Fe Santa Fe, NM | $20,776,808 | $1,925,368 |
American Museum Of Western Art-The Anschutz Collection Denver, CO | $3,359,244 | $1,672,973 |