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Judd Foundation FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1996Arts & Culture EIN 74-2798673Revenue $7.9M in FY2020

On file with the IRSjuddfoundation.org101 Spring St, 10012-3903 · New York, NYTax-exempt since Feb 1997Church

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Judd Foundation maintains and preserves donald judd's permanently-installed living and working spaces, libraries and archives in marfa, texas and new york. 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 programs.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$796K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 $5.1M a year · 44% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$796K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $51.5M in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$574K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.9M
Spent
$5.4M
To programs
63%
Net assets
$81.8M
By yearFY2020–FY2025
Revenue
$7.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.9M
FY2021$23.6M
FY2022$14.7M
FY2023$6.1M
FY2024$4.3M
FY2025$12.6M
Expenses
$5.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$6.9M
FY2022$5.7M
FY2023$6.8M
FY2024$6.6M
FY2025$7.3M
Net assets
$81.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$81.8M
FY2021$109.6M
FY2022$111.6M
FY2023$110.2M
FY2024$114.1M
FY2025$118.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1997.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $3.4M Management & general 26% · $1.4M Fundraising 11% · $598K

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

10 people listed on the 990; $796K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Rainer Judd
President
$269,449Pt VII · Sec A
Flavin Judd
Artistic Director
$260,858Pt VII · Sec A
Richard Griggs
Chief Operating Officer
$163,871Pt VII · Sec A
Alexis Daran
Controller & HR Director
$102,296Pt VII · Sec A
Jenny Dixon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Beyer
Treasurer
$0Pt VII · Sec A

Flavin Judd’s $327K as Artistic Director is at the 49th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and shares Donald Judd's art spaces and legacy.

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2019
01

The foundation's mission is to preserve and maintain donald judd's home and studio spaces in marfa, TX and new york, ny, and to advance the legacy of judd through scholarly and educational programs. Overall, judd foundation maintains 22 buildings and over 50,000 SQ. FT. Of judd's permanently installed spaces in marfa and new york.

$3.4Mprogram 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
Amant Foundation USAFY2025$5K
Select Equity Group FoundationFY2025$750
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.9M
Ln 12
Investment incomeLn 3$6.8M
Gifts and grantsLn 1h$525K
Fees for servicesLn 2g$329K
Money outPt IX
$5.4M
Ln 25
Programscol B$3.4M
Managementcol C$1.4M
Fundraisingcol D$598K
Owns and owesPt X
$81.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$82.4M
LiabilitiesLn 26$574K
PeoplePt VI, VII
10
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$525K
Government grantsLn 1e$34K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$237K
Fees for servicesLn 2g$329K
Investment incomeLn 3$6.8M
Other incomeLn 4–11$201K
Gains on assetsLn 7$6.6M
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$218
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$51.5M
Land, buildings, equipmentLn 10c$29.0M
Other assetsLn 15$37K
Total assetsLn 16$82.4M
LiabilitiesLn 26$574K
Net assetsLn 32$81.8M
OperationsPt I, VI
EmployeesI 544
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.0M
InvestmentsLn 11–13$48.7M$51.5M
Land, buildings, equipmentLn 10c$2.9M$29.0M
Total assetsLn 16$89.5M$82.4M
LiabilitiesLn 26$2.2M$574K
Net assetsLn 32$87.3M$81.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$858K$310K$303K$245K
Other salaries and wagesLn 7$1.3M$869K$259K$193K
Pension plan contributionsLn 8$39K$24K$8K$7K
Other employee benefitsLn 9$204K$117K$48K$39K
Payroll taxesLn 10$248K$135K$63K$50K
Legal feesLn 11b$36K$36K
Accounting feesLn 11c$59K$59K
Investment management feesLn 11f$281K$281K
Other fees for servicesLn 11g$101K$25K$75K$2K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$126K$71K$30K$25K
OccupancyLn 16$260K$204K$46K$9K
TravelLn 17$105K$47K$47K$11K
Depreciation, depletion and amortizationLn 22$788K$749K$39K
InsuranceLn 23$153K$126K$28K
Other expenses (24a–d)Ln 24$716K$651K$47K$18K
All other expensesLn 24e$62K$59K$3K
Total functional expensesLn 25$5.4M$3.4M$1.4M$598K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.6M$7.3M$5.3M$118.1M 990 PDF
FY2024 $4.3M$6.6M−$2.3M$114.1M 990 PDF
FY2023 $6.1M$6.8M−$786K$110.2M 990 PDF
FY2022 $14.7M$5.7M$8.9M$111.6M 990 PDF
FY2021 $23.6M$6.9M$16.8M$109.6M 990 PDF
FY2020 Viewing $7.9M$5.4M$2.5M$81.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $7,883,436 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $956,258$524,819
I-9 Program service revenuePrior year $979,631$329,070
I-10 Investment incomePrior year $4,631,652$6,828,354
I-11 Other revenuePrior year $900,284$201,193
I-12 Total revenuePrior year $7,467,825$7,883,436
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 $2,382,823$2,668,761
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,647,073$2,709,860
I-18 Total expensesPrior year $8,029,896$5,378,621
I-19 Revenue less expensesPrior year −$562,071$2,504,815
Part VI · Governance 6 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,883,436 across 12 lines filed
Lines not itemized here account for $141,801 of total revenue; see the IRS return.
VIII-1c Fundraising events$237,159
VIII-1e Government grants$33,573
VIII-1f All other contributions, gifts and grants$254,087
VIII-1g Noncash contributions (included above)$25,079
VIII-1h Total contributions, gifts and grants$524,819
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,070$329,070
VIII-3 Investment incomeExcluded from tax $222,356$222,356
VIII-5 RoyaltiesExcluded from tax $54,035$54,035
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,605,998$6,605,998
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $500 · Excluded from tax $4,857$5,357
VIII-12 Total revenueRelated to mission $471,371 · Unrelated business $0 · Excluded from tax $6,887,246$7,883,436
Part IX · Statement of functional expenses $5,378,621 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $310,173 · Management $302,737 · Fundraising $245,388$858,298
IX-7 Other salaries and wagesPrograms $868,728 · Management $258,719 · Fundraising $192,921$1,320,368
IX-8 Pension plan contributionsPrograms $23,987 · Management $8,133 · Fundraising $6,632$38,752
IX-9 Other employee benefitsPrograms $116,508 · Management $47,993 · Fundraising $39,093$203,594
IX-10 Payroll taxesPrograms $135,017 · Management $63,199 · Fundraising $49,533$247,749
IX-11b Legal feesManagement $35,895$35,895
IX-11c Accounting feesManagement $58,648$58,648
IX-11f Investment management feesManagement $281,060$281,060
IX-11g Other fees for servicesPrograms $24,639 · Management $74,627 · Fundraising $2,088$101,354
IX-12 Advertising and promotionPrograms $22,195$22,195
IX-13 Office expensesPrograms $71,083 · Management $30,136 · Fundraising $24,708$125,927
IX-16 OccupancyPrograms $204,181 · Management $46,442 · Fundraising $9,288$259,911
IX-17 TravelPrograms $47,298 · Management $47,297 · Fundraising $10,511$105,106
IX-22 Depreciation, depletion and amortizationPrograms $748,968 · Management $39,419$788,387
IX-23 InsurancePrograms $125,587 · Management $27,662$153,249
IX-24 Other expenses (24a–d)Programs $650,848 · Management $47,296 · Fundraising $17,579$715,723
IX-24e All other expensesPrograms $58,964 · Management $3,441$62,405
IX-25 Total functional expensesPrograms $3,408,176 · Management $1,372,704 · Fundraising $597,741$5,378,621
Part X · Balance sheet $82,389,087 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,058,530$1,044,605
X-2 Savings and temporary cash investmentsStart of year $217$218
X-3 Pledges and grants receivableStart of year $227,470$146,433
X-4 Accounts receivableStart of year $846,117$140,261
X-8 Inventories for sale or useStart of year $163,734$444,009
X-9 Prepaid expenses and deferred chargesStart of year $45,956$39,951
X-10c Land, buildings and equipment, netStart of year $2,936,936$29,001,929
X-11 Publicly traded securitiesStart of year $11,759,498$8,841,349
X-12 Other securitiesStart of year $36,912,440$42,692,946
X-15 Other assetsStart of year $35,582,044$37,386
X-16 Total assetsStart of year $89,532,942$82,389,087
X-17 Accounts payable and accrued expensesStart of year $2,119,174$148,062
X-19 Deferred revenueStart of year $78,107$63,274
X-24 Unsecured notes and loans payable$362,463
X-26 Total liabilitiesStart of year $2,197,281$573,799
X-27 Net assets without donor restrictionsStart of year $86,120,538$80,306,904
X-28 Net assets with donor restrictionsStart of year $1,215,123$1,508,384
X-32 Total net assets or fund balancesStart of year $87,335,661$81,815,288
X-33 Total liabilities and net assetsStart of year $89,532,942$82,389,087
Part XI · Reconciliation of net assets $81,815,288 net assets at year end
XI-1 Total revenue$7,883,436
XI-2 Total expenses$5,378,621
XI-3 Revenue less expenses$2,504,815
XI-4 Net assets at start of year$87,335,661
XI-5 Net unrealized gains (losses) on investments$1,101,645
XI-9 Other changes in net assets−$9,126,833
XI-10 Net assets at end of year$81,815,288

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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