2026-05-28T16:24:06-05:00 2025-09-30 200794302 MBE CPAs LLP 954 E 2nd Ave 201 Durango CO 81301 990 2024-10-01 742550850 Music in the Mountains Inc MUSI 9703856820 515 E College Drive Durango CO 81301 Angie Beach Executive Director 9703856820 2026-05-20 1 0 Michelle Sainio CPA P01247182 9702470506 2026-05-20 2024 2025-03-06 01:10:19Z Angie Beach 515 E College Drive Durango CO 81301 1203495 0 X www.musicinthemountains.com X 1987 CO 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. 15 15 3 82 0 0 836022 724575 186392 203718 60934 100093 86461 109483 1169809 1137869 0 0 0 0 236465 246396 0 0 52877 820548 831044 1057013 1077440 112796 60429 2055700 2215306 100028 100621 1955672 2114685 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 935597 327780 See Schedule O 935597 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 89 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X X Laurie Keck 9703856820 515 E College Drive Durango CO 81301 Elizabeth Hogan President 4.00 X X 0 0 0 Sheryl Kaufman Past President 1.00 X X 0 0 0 Will Spears Treasurer 1.00 X X 0 0 0 Tiffany Griffith President-Elect 1.00 X X 0 0 0 Tracie Trotter Secretary 1.00 X X 0 0 0 Richard Jalkut Director 1.00 X 0 0 0 Paul Singer Director 1.00 X 0 0 0 Marilyn Swanson Director 1.00 X 0 0 0 Ellynn Ragone Director 1.00 X 0 0 0 Elizabeth Crandall Director 1.00 X 0 0 0 Clark Craig Director 1.00 X 0 0 0 Debra May Director 1.00 X 0 0 0 Susan Flack Director 1.00 X 0 0 0 Renee Goodman Director 1.00 X 0 0 0 Brenda Hight Director 1.00 X 0 0 0 Angie Beach Executive Dir. 40.00 X 120106 0 4400 120106 0 4400 1 0 0 0 0 14000 710575 264240 724575 Ticket Sales & Concess 900099 186248 186248 Program Ads 900099 17470 17470 203718 100093 100093 150279 64765 85514 85514 24830 861 23969 23969 1137869 327780 0 85514 X 115000 69000 11500 34500 89369 82672 6697 5975 5975 20522 12869 2650 5003 15530 11044 1553 2933 8747 8747 144840 121840 23000 71648 71648 17639 17639 58718 52802 2817 3099 3681 3681 6201 4899 620 682 8908 7037 891 980 Musician and Instrument 167125 167125 Festival Expenses 148384 148384 Musician Housing 140550 140550 Goes to School Expenses 23994 23994 30609 15758 9171 5680 1077440 935597 88966 52877 119888 322703 148622 0 15000 14000 8885 9061 89477 81876 8206 7601 1700262 1828292 54837 33649 2055700 2215306 46725 66908 1500 53303 32213 100028 100621 X 1847123 1988392 108549 126293 1955672 2114685 2055700 2215306 60429 98584 0 X 1 X 0 1 0 X 637747 1437282 694479 950264 874854 4594626 123406 195059 138958 208895 228548 894866 761153 1632341 833437 1159159 1103402 5489492 0 0 0 5489492 8213 14409 32304 60934 100093 215953 8213 14409 32304 60934 100093 215953 769366 1646750 865741 1220093 1203495 5705445 0.96210 0.97430 0.03790 0.02570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187512 19200 4011 1391 201310 170404 30652 12255 1289 187512 159764 1500 19431 9044 1247 170404 191716 -30656 1296 159764 165528 27484 1296 191716 1.00000 0 0 5118 5118 0 84359 76758 7601 7601 Operating Lease Liability 32213 32213 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, 2025. Both federal and state information returns remain open for examination by tax jurisdictions through their respective statutes of limitations. Pops Night 48600 48600 45737 School Event 66360 66360 19028 1 35319 35319 150279 150279 64765 64765 85514 24830 861 0 24830 861 861 23969 1 0 1 0 1.00000 0 Elizabeth Hogan Games Manager X 0 X 1 10772 Publicly Traded Stock X Lodging 0 118500 FMV X Other Goods 0 77875 FMV X Advertising 12 64865 FMV X Services 0 3000 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 entered the 2025 Festival season with strong confidence following the success of 2024. We continued to present our popular free community concert series alongside our traditional three-week orchestral season, extending the festival to a full four weeks of music-making. The 2025 season marked a milestone year-the first under the artistic leadership of Vadim Gluzman, internationally renowned violinist. It was also the debut of our new festival model, featuring a rotating world-class conductor each season and a progressive performance structure that builds from chamber music to chamber orchestra, culminating in two weekends of full festival orchestra concerts. The new format generated enthusiasm from audiences, musicians, and donors alike. -Fiscal Management & Donor Relations: Management maintained a disciplined focus on expense control while continuing to cultivate strong donor, sponsor, and grant relationships. -Inflationary Pressures: Rising costs across nearly all operational areas-artist fees, production, and administration-had a noticeable impact on the organization's financial position. -Staff & Contractor Retention: We achieved 100% retention in all key positions, including executive director, technical director, orchestra manager and librarian, operations manager, graphic designer, digital marketer, and office volunteers. Maintaining full-time staff year-round increased expenses but significantly improved efficiency and consistency. -Musician Housing Success: The home-host program had a robust year and resulted in significant savings in housing costs while strengthening relationships between visiting musicians and the community. -Financial Position: The current year-end bottom line may appear more favorable than it truly is. As with many performing arts nonprofits, our financial health depends on continued philanthropic support from individuals, corporations, and foundations to sustain artistic excellence and community access. Looking ahead, Festival 2026 will be both a celebration and a milestonethe 40th Anniversary Season of Music in the Mountains. The festival will return to a full three-week orchestral schedule at the Community Concert Hall at Fort Lewis College, complemented by a dedicated week of free community outreach concerts throughout the region. In addition, 2026 will mark the launch of the Music in the Mountains Violin Academy with Vadim Gluzman, a one-week immersive program bringing together exceptional young violinists from around the world. This exciting new educational initiative honors the festival's legacy while investing in the next generation of artists and audiences. 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 51,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,058. Stage Manager: Program service expenses 8,342. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,342. Contractor Services: Program service expenses 44,440. Management and general expenses 23,000. Fundraising expenses 0. Total expenses 67,440. Conductor Fees: Program service expenses 18,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,000.