Theatre Aspen

Tax-deductible

Aspen, CO501(c)(3)Since 1983Arts & CultureEIN 74-2319032Revenue $5.7M in FY2025

On file with the IRStheatreaspen.org110 E Hallam St Ste 126, 81611-1460 · Aspen, COTax-exempt since Jun 1984Publicly supported — 509(a)(2)

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Entertain, enlighten, enrich, educate and challenge the residents and visitors of the roaring fork valley through professional quality theatrical productions, new play development initiatives and a broad spectrum of educational programs.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 100 volunteers and 69 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $98K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$507K
to officers and key staff · 10% of spending
Top officer’s pay higher than 92% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$225K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+17% vs prior year
Spent
$5.2M
To programs
91%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$5.7M
FY2025▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.8M
FY2022$4.2M
FY2023$4.6M
FY2024$4.9M
FY2025$5.7M
Expenses
$5.2M
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$3.4M
FY2022$4.5M
FY2023$4.6M
FY2024$5.3M
FY2025$5.2M
Net assets
$2.2M
FY2025▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.0M
FY2023$2.0M
FY2024$1.6M
FY2025$2.2M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1984.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $4.7M Management & general 6% · $296K Fundraising 3% · $146K

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

35 people listed on the 990; $507K paid to officers and key staff.

Part VII, Section A · reportable compensation
Producing Director
$240,625Pt VII · Sec A
Executive Producer
$140,392Pt VII · Sec A
Director of Artistic Planning
$125,552Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jed Bernstein’s $241K as Producing Director is at the 92nd percentile of top reported officer pay among 3924 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jed Bernstein$240,625$268,508$255,000$242,500$244,131$241,731
Emily Zeck—$150,000————
Michael Raderstorf$140,392—————
Britt Marden$125,552—————

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 15aYes

Programs and updates

Presents professional theatre and offers theatrical education programs to children and adults.

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Provided by the organization

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2 programs · $4.7M · in their own filed words · FY2025
01

Produce theatrical productions using both professional and amateur actors.

$4.6Mprogram expense
02

Provide theatrical eductation programs to children and adults of the roaring fork valley.

$134Kprogram 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 1 funder$3K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$2.3M
Other incomeLn 4–11$94K
Money outPt IX
$5.2M
Ln 25
Programscol B$4.7M
Managementcol C$296K
Fundraisingcol D$146K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$901K
Total assetsLn 16$2.4M
LiabilitiesLn 26$225K
PeoplePt VI, VII
35
listed · VII A
PaidVII A3
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$92K
Fundraising eventsLn 1c$641K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$15K
Other incomeLn 4–11$94K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$358K
SavingsLn 2$543K
Cash and savings togetherLn 1–2$901K
InvestmentsLn 11–13$143K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$111K
Total assetsLn 16$2.4M
LiabilitiesLn 26$225K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 569
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$322K$901K
InvestmentsLn 11–13$143K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.9M$2.4M
LiabilitiesLn 26$286K$225K
Net assetsLn 32$1.6M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.9M$1.6M$186K$75K
Other employee benefitsLn 9$188K$162K$19K$8K
Payroll taxesLn 10$198K$170K$20K$8K
Accounting feesLn 11c$91K$78K$9K$4K
Other fees for servicesLn 11g$28K$24K$3K$1K
Advertising and promotionLn 12$89K$89K
Office expensesLn 13$72K$62K$7K$3K
Information technologyLn 14$4K$3K$404$161
OccupancyLn 16$1.1M$1.1M
TravelLn 17$149K$134K$15K
Conferences, conventions and meetingsLn 19$15K$13K$2K$616
Depreciation, depletion and amortizationLn 22$166K$149K$17K
InsuranceLn 23$63K$57K$7K
Other expenses (24a–d)Ln 24$1.2M$1.1M$10K$45K
All other expensesLn 24e$13K$10K$1K$2K
Total functional expensesLn 25$5.2M$4.7M$296K$146K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.7M$5.2M$572K$2.2M 990 PDF
FY2024 $4.9M$5.3M−$369K$1.6M 990 PDF
FY2023 $4.6M$4.6M$43K$2.0M 990 PDF
FY2022 $4.2M$4.5M−$278K$2.0M 990 PDF
FY2021 $3.8M$3.4M$479K$2.2M 990 PDF
FY2020 $2.4M$2.2M$141K$1.8M 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 FY2025 990 (6 parts)
Part I · Summary $5,746,329 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,415,742$3,356,655
I-9 Program service revenuePrior year $1,907,319$2,280,709
I-10 Investment incomePrior year $18,695$14,809
I-11 Other revenuePrior year $568,780$94,156
I-12 Total revenuePrior year $4,910,536$5,746,329
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 $2,153,027$2,250,912
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,126,223$2,923,886
I-18 Total expensesPrior year $5,279,250$5,174,798
I-19 Revenue less expensesPrior year −$368,714$571,531
Part VI · Governance 32 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,746,329 across 8 lines filed
VIII-1c Fundraising events$640,620
VIII-1e Government grants$91,749
VIII-1f All other contributions, gifts and grants$2,624,286
VIII-1h Total contributions, gifts and grants$3,356,655
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,280,709$2,280,709
VIII-3 Investment incomeExcluded from tax $14,809$14,809
VIII-8 Net income from fundraising eventsExcluded from tax $94,156$94,156
VIII-12 Total revenueRelated to mission $2,280,709 · Unrelated business $0 · Excluded from tax $108,965$5,746,329
Part IX · Statement of functional expenses $5,174,798 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,603,809 · Management $186,489 · Fundraising $74,596$1,864,894
IX-9 Other employee benefitsPrograms $161,969 · Management $18,834 · Fundraising $7,533$188,336
IX-10 Payroll taxesPrograms $170,007 · Management $19,768 · Fundraising $7,907$197,682
IX-11c Accounting feesPrograms $77,877 · Management $9,056 · Fundraising $3,622$90,555
IX-11g Other fees for servicesPrograms $23,996 · Management $2,790 · Fundraising $1,116$27,902
IX-12 Advertising and promotionPrograms $88,565$88,565
IX-13 Office expensesPrograms $62,265 · Management $7,240 · Fundraising $2,896$72,401
IX-14 Information technologyPrograms $3,471 · Management $404 · Fundraising $161$4,036
IX-16 OccupancyPrograms $1,072,384$1,072,384
IX-17 TravelPrograms $134,475 · Management $14,942$149,417
IX-19 Conferences, conventions and meetingsPrograms $13,235 · Management $1,539 · Fundraising $616$15,390
IX-22 Depreciation, depletion and amortizationPrograms $149,325 · Management $16,592$165,917
IX-23 InsurancePrograms $56,792 · Management $6,604$63,396
IX-24 Other expenses (24a–d)Programs $1,105,288 · Management $10,455 · Fundraising $45,351$1,161,094
IX-24e All other expensesPrograms $9,843 · Management $1,145 · Fundraising $1,841$12,829
IX-25 Total functional expensesPrograms $4,733,301 · Management $295,858 · Fundraising $145,639$5,174,798
Part X · Balance sheet $2,448,783 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $224,298$357,971
X-2 Savings and temporary cash investmentsStart of year $97,734$542,702
X-3 Pledges and grants receivableStart of year $58,323$51,374
X-4 Accounts receivableStart of year $66,293$77,484
X-9 Prepaid expenses and deferred chargesStart of year $100,912$61,982
X-10c Land, buildings and equipment, netStart of year $1,145,526$1,104,041
X-11 Publicly traded securities$142,634
X-15 Other assetsStart of year $232,848$110,595
X-16 Total assetsStart of year $1,925,934$2,448,783
X-17 Accounts payable and accrued expensesStart of year $34,923$68,360
X-19 Deferred revenueStart of year $13,153$1,450
X-25 Other liabilitiesStart of year $237,609$155,498
X-26 Total liabilitiesStart of year $285,685$225,308
X-27 Net assets without donor restrictionsStart of year $1,581,926$2,172,101
X-28 Net assets with donor restrictionsStart of year $58,323$51,374
X-32 Total net assets or fund balancesStart of year $1,640,249$2,223,475
X-33 Total liabilities and net assetsStart of year $1,925,934$2,448,783
Part XI · Reconciliation of net assets $2,223,475 net assets at year end
XI-1 Total revenue$5,746,329
XI-2 Total expenses$5,174,798
XI-3 Revenue less expenses$571,531
XI-4 Net assets at start of year$1,640,249
XI-5 Net unrealized gains (losses) on investments$11,695
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,223,475

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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