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Judd Foundation EIN 74-2798673

Judd Foundation

EIN  74-2798673 Religious organization New York, NY Founded 1996
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/21/26 · see original filing: IRS
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Size
$10–100M
What they do
Preserves and shares Donald Judd's art spaces and legacy.
Leadership
Flavin Judd · Artistic Director · $327K
Money in and out
$12.6M revenue, $7.3M expenses
Bottom line
65% program efficiency

Preserves and shares Donald Judd's art spaces and legacy. For fiscal year 2024 it reported $12.6M in revenue, $7.3M in expenses, and $118.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$12.6M
Pt VIII · Ln 12
Total expenses
$7.3M
Pt IX · Ln 25
Net assets
$118.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5.3M
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.24 Fundraising $0.11
Program efficiency
65%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
140.3mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +177% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$12.6M
FY2024▲ +196%
Expenses
$7.3M
FY2024▲ +11%
Total assets
$119.0M
FY2024▲ +4%
Total liabilities
$901K
FY2024▲ +15%
Total revenue
$12.6M
Pt VIII · Ln 12
Total expenses
$7.3M
Pt IX · Ln 25
Net assets
$118.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5.3M
Total assetsPt X · Ln 16$119.0M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $4.7M of program spending, described in the organization's own filed words · FY2024.
01

Judd foundation's mission is to maintain and preserve donald judd's permanently installed living and working spaces, libraries, and archives in new york and marfa, texas. The foundation promotes a wider understanding of judd's artistic legacy by providing access to these spaces and resources and by developing scholarly and educational…

$4.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJudd Foundation
EINHdr · item D74-2798673
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.juddfoundation.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20Z)
Ruling yearIRS BMFFeb 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Flavin Judd
Artistic Director
$326,987Pt VII · Sec A
Rainer Judd
President
$298,398Pt VII · Sec A
Richard Griggs
Chief Operating Officer
$228,045Pt VII · Sec A
Alexis Daran
Controller & HR Director
$140,300Pt VII · Sec A
Andrea Walsh
Dir. of Communication
$132,198Pt VII · Sec A
Hannah Parker
Director of Development
$127,582Pt VII · Sec A
Peter Stanley
Dir. of Operations & Preservation
$114,162Pt VII · Sec A
$0Pt VII · Sec A

Flavin Judd’s $327K as Artistic Director is at the 50th percentile of top reported officer pay among 749 $10–100M 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 · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Flavin Judd$326,987$320,113$277,279$273,139$285,448$260,858
Rainer Judd$298,398$295,073$283,455$271,352$267,707$269,449
Richard Griggs$228,045$213,950$195,462$177,581$175,019$163,871
Alexis Daran$140,300$125,290$116,400$108,271$103,143$102,296
Andrea Walsh$132,198$113,590$104,792———
Hannah Parker$127,582$111,223$110,901$103,919$100,896—
Peter Stanley$114,162$110,924————

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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Statement of Revenue

Part VIII
Investment income$8.6M · 68%
Other revenue$2.3M · 18%
Contributions & grants$966K · 8%
Program service revenue$826K · 7%
Investment income68%$8.6M
Other revenue18%$2.3M
Contributions & grants8%$966K
Program service revenue7%$826K
— government grantsLn 1e$26K
Total revenueLn 12$12.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.24 Fundraising $0.11
Program services65%$4.7M
Management & general24%$1.8M
Fundraising11%$826K
Total functional expensesLn 25$7.3M

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$119.0M
Total liabilitiesLn 26$901K
Total net assetsLn 32$118.1M
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $85.5M · Operating expenses/yr $7.3M
140.3 months
Where the money goes
Program services
Program services $4.7M · Total expenses $7.3M
65%
Management & General
Management & general $1.8M · Total expenses $7.3M
24%
Fundraising
Fundraising $826K · Total expenses $7.3M
11%
Cost to raise $1
Fundraising expense (3-yr avg) $731K · Solicited contributions (3-yr avg) $1.4M
$0.52 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $966K · Total revenue $12.6M
8%
Government reliance
Government grants $26K · Total revenue $12.6M
0%
Earned-income share
Program service revenue $826K · Total revenue $12.6M
7%
Investment reliance
Investment income $8.6M · Total revenue $12.6M
+68%
Program self-sufficiency
Program service revenue $826K · Total expenses $7.3M
11%
Growth & trend
Revenue growth (YoY)
This year $12.6M · Prior year $4.3M
+196%
Revenue CAGR
FY2019 $7.9M · FY2024 $12.6M
+10%
Net-asset trend (YoY)
End of year $118.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12.6M · Expenses $7.3M
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $119.0M
—
Net-asset ratio
Net assets $118.1M · Total assets $119.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $16.3M · Other securities (Pt X, ln 12) $68.2M · Total assets (Pt X, ln 16) $119.0M
71%
People & payroll
Highest Reported Total Compensation
Individual Flavin Judd · Reported title ARTISTIC DIRECTOR · Highest reported compensation $327K · Total expenses $7.3M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.4M · Total expenses $7.3M
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%——
Overhead ratio 24%——
Fundraising cost ratio 85%——
Revenue growth 196%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Amant Foundation USAFY2025$5K
Select Equity Group FoundationFY2025$750
Total grants receivedfrom 2 funders$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$4.3M revenue · ⤓ 990 PDF
FY2023$6.1M revenue · ⤓ 990 PDF
FY2022$14.7M revenue · ⤓ 990 PDF
FY2021$23.6M revenue · ⤓ 990 PDF
FY2020$7.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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