Aspen Journalism FY2022 filing

Tax-deductible

Aspen, CO501(c)(3)Arts & CultureEIN 35-2400162Revenue $431K in FY2022

On file with the IRSaspenjournalism.org1280 S Ute Ave Ste 9, 81611-2259 · Aspen, COTax-exempt since Jun 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to produce excellent journalism, because well-informed citizens make better decisions and journalism is key to a functioning democracy.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $15K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $47K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
+10% vs prior year
Spent
$386K
To programs
74%
Net assets
$100K
By yearFY2020–FY2024
Revenue
$431K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$420K
FY2021$394K
FY2022$431K
FY2023$494K
FY2024$478K
Expenses
$386K
FY2022▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$399K
FY2021$406K
FY2022$386K
FY2023$461K
FY2024$492K
Net assets
$100K
FY2022▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$67K
FY2021$55K
FY2022$100K
FY2023$134K
FY2024$120K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $287K Management & general 9% · $35K Fundraising 17% · $65K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Curtis Wackerle’s $98K as Executive Director is at the 87th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Curtis Wackerle$97,664$97,460$90,500$79,645—
Brent Gardner-Smith————$75,000
Brent Gardner-Smith Res 82021———$54,874—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Creates excellent journalism to inform citizens and strengthen democracy.

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Provided by the organization

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1 program · $287K · in their own filed words · FY2022
01

See Schedule OAspen Journalism is a local, nonprofit, and investigative journalism organization founded in Aspen, Colorado on January 17, 2011. Our mission is to produce investigative journalism to the benefit of all those with a stake in Aspen and the Roaring Fork River Valley.

$287Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 4 funders$47K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$431K
Investment incomeLn 3$12
Money outPt IX
$386K
Ln 25
Programscol B$287K
Managementcol C$35K
Fundraisingcol D$65K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$431K
Government grantsLn 1e$34K
Investment incomeLn 3$12
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$0
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$55K$100K
Total assetsLn 16$55K$100K
LiabilitiesLn 26$0$0
Net assetsLn 32$55K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$72K$9K$9K
Other salaries and wagesLn 7$123K$123K
Other employee benefitsLn 9$14K$9K$5K
Payroll taxesLn 10$17K$16K$728$728
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$78K$43K$34K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$2K$2K$653
RoyaltiesLn 15$16K$12K$4K
TravelLn 17$6K$6K
InterestLn 20$40$40
InsuranceLn 23$2K$2K
Total functional expensesLn 25$386K$287K$35K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $478K$492K−$13K$120K 990 PDF
FY2023 $494K$461K$34K$134K 990 PDF
FY2022 Viewing $431K$386K$45K$100K 990 PDF
FY2021 $394K$406K−$12K$55K 990 PDF
FY2020 $420K$399K$22K$67K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $431,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,388$431,382
I-9 Program service revenuePrior year $4,500$0
I-10 Investment incomePrior year $7$12
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $393,895$431,394
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $237,384$245,216
I-16a Professional fundraising feesPrior year $2,175$0
I-17 Other expensesPrior year $166,142$140,714
I-18 Total expensesPrior year $405,701$385,930
I-19 Revenue less expensesPrior year −$11,806$45,464
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $431,394 across 5 lines filed
VIII-1e Government grants$34,322
VIII-1f All other contributions, gifts and grants$397,060
VIII-1h Total contributions, gifts and grants$431,382
VIII-3 Investment incomeExcluded from tax $12$12
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12$431,394
Part IX · Statement of functional expenses $385,930 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,400 · Management $9,050 · Fundraising $9,050$90,500
IX-7 Other salaries and wagesPrograms $123,300$123,300
IX-9 Other employee benefitsPrograms $9,475 · Management $4,737$14,212
IX-10 Payroll taxesPrograms $15,748 · Management $728 · Fundraising $728$17,204
IX-11c Accounting feesManagement $15,678$15,678
IX-11g Other fees for servicesPrograms $43,441 · Fundraising $34,445$77,886
IX-12 Advertising and promotionFundraising $20,292$20,292
IX-13 Office expensesPrograms $1,567 · Management $653$2,220
IX-15 RoyaltiesPrograms $12,225 · Management $3,767$15,992
IX-17 TravelPrograms $6,421$6,421
IX-20 InterestManagement $40$40
IX-23 InsurancePrograms $2,185$2,185
IX-25 Total functional expensesPrograms $286,762 · Management $34,653 · Fundraising $64,515$385,930
Part X · Balance sheet $100,376 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $54,912$100,376
X-16 Total assetsStart of year $54,912$100,376
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $29,887$75,339
X-28 Net assets with donor restrictionsStart of year $25,025$25,037
X-32 Total net assets or fund balancesStart of year $54,912$100,376
X-33 Total liabilities and net assetsStart of year $54,912$100,376
Part XI · Reconciliation of net assets $100,376 net assets at year end
XI-1 Total revenue$431,394
XI-2 Total expenses$385,930
XI-3 Revenue less expenses$45,464
XI-4 Net assets at start of year$54,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,376

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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