2025-06-17T08:53:48-05:00 2024-09-30 200794302 MBE CPAs LLP 954 E 2nd Ave 201 Durango CO 81301 990 2023-10-01 742550850 Music in the Mountains Inc MUSI 9703856820 515 E College Drive Durango CO 81301 Angie Beach Executive Director 9703856820 2025-06-17 1 0 Michelle Sainio CPA P01247182 9702470506 2025-06-09 2023 2025-03-06 01:10:19Z Angie Beach 515 E College Drive Durango CO 81301 1220093 0 X www.musicinthemountains.com X 1987 CO See Schedule O 13 13 3 78 0 0 724979 836022 138958 186392 32304 60934 29435 86461 925676 1169809 0 0 0 0 234640 236465 0 0 49290 550188 820548 784828 1057013 140848 112796 1623821 2055700 39667 100028 1584154 1955672 X To produce an exceptional summer music festival with musicians of the highest caliber, entertain, educate and delight audiences with the richness of classical music, and complement the concerts with a year round education program for youth. 0 0 922560 268984 See Schedule O 922560 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 88 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X Laurie Keck 9703856820 515 E College Drive Durango CO 81301 Gail Harris Director 1.00 X 0 0 0 Elizabeth Hogan President Elect 1.00 X X 0 0 0 Elizabeth Porter Director 1.00 X 0 0 0 Richard Jalkut Secretary 1.50 X X 0 0 0 Paul Singer Director 1.00 X 0 0 0 Dwight Frankfather Director 1.00 X 0 0 0 Marilyn Swanson Director 1.00 X 0 0 0 Paul Cahill Treasurer 1.00 X X 0 0 0 Sheryl Kaufman President 4.00 X X 0 0 0 Ellynn Ragone Director 1.00 X 0 0 0 Elizabeth Crandall Director 1.00 X 0 0 0 Will Spears Director 1.00 X 0 0 0 Danica Frost Director 1.00 X 0 0 0 Angie Beach Executive Dir. 40.00 X 109393 0 0 Guillermo Figueroa Artistic Dir. 7.00 X 40000 0 0 149393 0 0 1 0 0 0 0 15000 821022 232655 836022 Ticket Sales & Concess 900099 164682 164682 Program Ads 900099 21710 21710 186392 60934 60934 114242 49439 64803 64803 22503 845 21658 21658 1169809 268984 0 64803 X 105000 63000 10500 31500 91932 85254 6678 5261 5261 19272 12320 2453 4499 15000 10749 1500 2751 8831 8831 9251 9251 138322 116322 22000 52865 52865 12295 12295 52093 46190 2811 3092 368 368 7183 6884 142 157 8611 6803 861 947 Musician and Instrument 198085 198085 Musician Housing 170860 170860 Festival Expenses 105213 105213 Goes to School Expenses 27976 27976 28595 14778 7473 6344 1057013 922560 85163 49290 11615 119888 331309 148622 15000 7100 8885 83881 75675 13589 8206 1258208 1700262 2000 54837 1623821 2055700 39667 46725 0 53303 39667 100028 X 1475604 1847123 108550 108549 1584154 1955672 1623821 2055700 112796 258722 0 X 1 X 0 1 0 X 247226 637747 1437282 694479 950264 3966998 17323 123406 195059 138958 208895 683641 264549 761153 1632341 833437 1159159 4650639 0 0 0 4650639 6677 8213 14409 32304 60934 122537 6677 8213 14409 32304 60934 122537 271226 769366 1646750 865741 1220093 4773176 0.97430 0.98340 0.02570 0.16600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170404 30652 12255 1289 187512 159764 1500 19431 9044 1247 170404 191716 -30656 1296 159764 165528 27484 1296 191716 162035 4611 1118 165528 1.00000 0 0 5118 5118 0 78763 70557 8206 8206 Operating Lease Liability 53303 53303 X Part X, Line 2: The Organization has evaluated for uncertain tax positions. Management has determined there are no uncertain tax positions as of September 30, 2024 and 2023. Both federal and state information returns remain open for examination by tax jurisdictions through their respective statutes of limitations. Pops Night 51000 51000 39046 School Event 37095 37095 10393 1 26147 26147 114242 114242 49439 49439 64803 22503 845 0 22503 845 845 21658 1 0 1 0 1.00000 0 Elizabeth Hogan Games Manager X 0 X 14681 Fair Market Value X Hotels Rooms and Housing for Musicians 0 117300 FMV X Advertising Services 12 47497 FMV X Other Goods 0 44608 FMV 0 0 0 Form 990, Part I, Line 1, Description of Organization Mission: To produce an exceptional summer music festival with musicians of the highest caliber, entertain, educate and delight audiences with the richness of classical music, and complement the concerts with a year round education program for youth. Form 990, Part III, Line 4a - Program Service Accomplishments Music in the Mountains approached the 2024 Festival season with an abundance of confidence following the success of the 2023 season. We continued to offer our popular free community concert series on top of our pre-pandemic three-week orchestral season, keeping the festival four weeks long. Following are FY 2024 operations notes: -Management continued to concentrate on both managing expenses and maintaining strong donor relationships. Inflation and the cost of everything is having a substantial impact on our financial statement. -This season we had 100% retention in all positions: stage manager, operations manager, graphic designer, festival assistant, and summer intern. We had full-time employees on staff the entire year, which makes for more expense but better operations. -The 2024 season was the final year for Artistic Director & Conductor, Guillermo Figueroa. He leaves the organization after 18 years of excellent service. We spent the year celebrating his tenure. We also spent the year working on the succession plans and hired internationally renowned violinist and long-time friend of the Festival, Vadim Gluzman to be our new Artistic Director. -We had incredible success placing musicians in patron's homes and were able to save significant funds in this area. Music in the Mountains was the beneficiary of a one-time $175,000 bequest an installment in a multi-year million-dollar gift. As a result, we ended the year in a favorable financial position. -The aforementioned financial position is a temporary and misleading bottom line. It will be very important to communicate the full story. As a non-profit performing arts organization, we must continue to rely heavily on the generosity of individual supporters and corporate sponsors to operate. -At the time of this writing, the plan for Festival 2025 is to bring the full orchestra to Durango for the regular three-week season to be presented at the Community Concert Hall at Fort Lewis College plus the additional week of free community outreach concerts throughout the region. Form 990, Part VI, Section A, line 8b Organization does not have any committees authoritzed to act on behalf of the governing body Form 990, Part VI, Section B, line 11b The Board of Directors and the Executive Director review the Form 990 prior to being filed. Form 990, Part VI, Section B, line 12c All Board of Directors identify any conflicts at the time they are made known and ensures to remove themselves from any discussion/voting on items. Form 990, Part VI, Section B, line 15 The Organization's compensation subcommittee of the Governance Committee (comprised of the President of the Board of Directors, the President Elect of the Board of the Directors, and the Chairperson of the Governance Committee, annually reviews and recommends a compensation package for the Executive Director. The recommendation is then presented to the Board of Directors for approval. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part IX, line 11g Director Expenses: Program service expenses 1,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,085. Stage Manager: Program service expenses 6,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,724. Contractor Services: Program service expenses 68,513. Management and general expenses 22,000. Fundraising expenses 0. Total expenses 90,513. Conductor Fees: Program service expenses 40,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,000.