JAS 2017 Annual Report JAS18-22 2017 Annual Report 3.3

JAZZ ASPEN SNOWMASS 2017 FINANCIAL HIGHLIGHTS JAZZATASPENͲSNOWMASS STATEMENTOFACTIVITIES FortheYearEndedDecember31,2017 Temporarily Unrestricted Restricted REVENUESANDOTHERSUPPORT Contributions $ 2,925,466 $ 1,158,435 For the period ending December 31, 2017 - Audited Total 1,291,160 52,140 3,654,315 82,317 Ͳ Ͳ Ͳ Ͳ $ 4,083,901 1,291,160 52,140 3,654,315 82,317 583,290 (563) Ͳ Ͳ 583,290 (563) 918,212 9,506,337 (918,212) 240,223 Ͳ 9,746,560 EXPENSES ProgramExpenses: EducationalPrograms JuneFestival LaborDayFestival JASCafé FreeSeries TotalProgramExpenses 292,658 1,359,538 6,018,708 723,406 7,500 8,401,810 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ 292,658 1,359,538 6,018,708 723,406 7,500 8,401,810 SupportingServices ManagementandGeneral Fundraising TotalSupportingServices 287,376 427,681 715,057 Ͳ Ͳ Ͳ 287,376 427,681 715,057 TOTALEXPENSES 9,116,867 Ͳ 9,116,867 CHANGEINNETASSETS 389,470 240,223 629,693 NETASSETS,January1,2017 209,010 918,212 1,127,222 NETASSETS,December31,2017 $ 598,480 $ 1,158,435 $ 1,756,915 Sponsorships Grants PatronandGeneralTicketing SpecialEvents Concessions,Merchandiseand OtherRevenues InvestmentIncome,net NetAssetsReleasedFromRestrictions: SatisfactionofProgram&TimeRestrictions TOTALREVENUESANDOTHERSUPPORT Seeaccompanyingnotesandindependentauditor’sreport. 2 0 1 7 a nnua l r e po r t 4 » 25 «

JAS 2017 Annual Report JAS18-22 2017 Annual Report 3.3 | Page 25