JUDD FOUNDATION

EIN: 742798673 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$12,646,304
Total Expenses
$7,312,382
Total Assets
$119,011,235
Net Assets
$118,110,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
RAINER JUDD
Phone
2122192747
Tax Period
2024-07-01 to 2025-06-30

JUDD FOUNDATION, founded in 1996, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.6M in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 42% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $4,732,923 Revenue: $1,509,510

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...

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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 PROGRAMS.OVERALL, JUDD FOUNDATION PRESERVES AND MAINTAINS TWENTY-TWO BUILDINGS, INCLUDING OVER 50,000 SQ. FT. OF JUDD'S PERMANENTLY INSTALLED SPACES IN MARFA AND NEW YORK.SPACES: 101 SPRING STREET, THE FIRST BUILDING OWNED BY DONALD JUDD, SERVED AS HIS NEW YORK RESIDENCE AND STUDIO. 101 SPRING STREET IS WHERE JUDD FIRST DEVELOPED HIS CONCEPT OF THE PERMANENT INSTALLATION OF HIS WORK AND THE WORK OF OTHER ARTISTS. IN MARFA, THE FOUNDATION MAINTAINS TWENTY-ONE BUILDINGS, INCLUDING SEVEN PERMANENTLY INSTALLED LIVING AND WORKING SPACES: THE ART STUDIO; ARCHITECTURE STUDIO; ARCHITECTURE OFFICE; RANCH OFFICE; THE COBB HOUSE AND WHYTE BUILDING; AND LA MANSANA DE CHINATI/THE BLOCK. THE FOUNDATION MAKES THESE SPACES ACCESSIBLE TO THE PUBLIC THROUGH DAILY GUIDED VISITS AND SPECIAL PROGRAMS. THE FOUNDATION ALSO MAINTAINS THREE RANCH HOUSES IN THE CHINATI MOUNTAINS, OUTSIDE OF MARFA AND STEWARDS 30,000 ACRES OF RANCH LAND UNDER A CONSERVATION EASEMENT.GUIDED VISITS: JUDD FOUNDATION'S PRIMARY PROGRAM IS ITS GUIDED VISIT PROGRAM. IN NEW YORK, LED BY ARTIST GUIDES, THE VISITS FOCUS ON PUBLIC ACCESS TO 101 SPRING STREET AND OFFERS VISITOR'S DIRECT ENGAGEMENT WITHJUDD'S ART, DESIGN, AND ARCHITECTURE. THE VISIT PROGRAM ALSO INCLUDES FREE VISITS FOR NEW YORK BASED ARTISTS AS WELL AS DISCOUNTED TICKETS TO SENIORS AND STUDENTS. GUIDED VISITS OF 101 SPRING STREET ARE AVAILABLE TUESDAY THROUGH SATURDAY. IN MARFA, THE GUIDED VISIT PROGRAM OFFERS VISITS TUESDAY THROUGH SUNDAY. THE BLOCK VISITS PROVIDE ACCESS TO JUDD'S RESIDENCE AND STUDIO IN MARFA, THE SITE OF SOME OF HIS FIRST LARGE-SCALE ARCHITECTURAL PROJECTS. THE STUDIOS VISITS PROVIDE ACCESS TO JUDD'S ARCHITECTURE STUDIO, ARCHITECTURE OFFICE, ART STUDIO, AND THE COBB HOUSE AND WHYTE BUILDINGS. THE FOUNDATION ALSO CONDUCTS A SERIES OF ANNUAL PROGRAMS WHICH FOCUS ON THE MARFA COMMUNITY AUDIENCE AND OPEN HOURS VIEWING OF THE FOUNDATION'S SPACES. THESE EVENTS ARE FREE AND OPEN TO THE PUBLIC.EXHIBITIONS AND PROGRAMS: JUDD FOUNDATION PRESENTS EXHIBITIONS AND PROGRAMS ON THE GROUND FLOOR OF 101 SPRING STREET, NEW YORK. IN 2025, ACTIVITIES INCLUDED THE EXHIBITIONS OF WORK BY ARTISTS' YUJI AGEMATSU AND LARRY BELL. THE EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC. THE FOUNDATION ALSO PRESENTS LECTURES AND TALKS IN BOTH NEW YORK AND MARFA. IN 2025 THE PRIMARY MARFA PROGRAM WAS THE OPENING OF THE RESTORED ARCHITECTURE OFFICE, WITH PANEL DISCUSSIONS ON JUDD'S ARCHITECTURE AND THE HISTORIC RESTORATION PRACTICES OF THE FOUNDATION.EXHIBITION SUPPORT: IN ADDITION TO PRESENTING ITS OWN PROGRAMS, THE FOUNDATION SUPPORTS NATIONAL AND INTERNATIONAL INSTITUTIONS IN THEIR PRESENTATION OF DONALD JUDD WORKS. THE FOUNDATION LENDS ARTWORK TO EXHIBITIONS, PROVIDES ACCESS TO ARCHIVAL MATERIALS FOR RESEARCH AND PRESENTATION, AND ACTS AS A RESOURCE FOR INFORMATION ABOUT JUDD'S PRACTICE.PRESERVATION AND RESTORATION: IN 2025, THE FOUNDATION CONTINUED ITS MAJOR RESTORATION PROGRAM IN MARFA. THE MARFA RESTORATION PLAN AIMS TO RESTORE AND OPEN JUDD'S INSTALLED SPACES, CREATE ENHANCED PUBLIC PROGRAM SPACE, AND COMPLETE JUDD'S INTENTIONS FOR HIS LIVING AND WORKING SPACES THAT HE WAS UNABLE TO COMPLETE IN HIS LIFETIME. IN 2025, MAJOR PROJECTS INCLUDED THE RESTORATION OF JUDD'S ARCHITECTURE OFFICE AND THE CONTINUED RESTORATION OF THE RANCH OFFICE BUILDING, WHICH IS SET TO OPEN FOR PUBLIC VISITS IN 2026.ARCHIVES: THE JUDD FOUNDATION ARCHIVES CONTAINS RICH VISUAL AND TEXTUAL DOCUMENTATION OF DONALD JUDD'S LIFE AND WORK. THE ARCHIVES INCLUDE PUBLISHED AND UNPUBLISHED WRITINGS, CORRESPONDENCE, PHOTOGRAPHS,MOVING IMAGE MATERIAL, DRAWINGS, MUSEUM, GALLERY AND EXHIBITION FILES, FABRICATOR FILES, EXHIBITION EPHEMERA, AND PUBLICATIONS. THE FOUNDATION IS COMMITTED TO PRESERVING AND PROVIDING ACCESS TO THESE MATERIALS AND SUPPORTING RESEARCH BY MUSEUM PROFESSIONALS AND SCHOLARS.ONLINE RESOURCES AND PROGRAMMING: THE FOUNDATION'S WEBSITE, JUDDFOUNDATION.ORG, IS OPERATED BY THE FOUNDATION AS A RESOURCE FOR DONALD JUDD RESEARCH AND EDUCATION.CATALOGUE RAISONNE: JUDD FOUNDATION IS UNDERTAKING THE RESEARCH FOR A DONALD JUDD CATALOGUE RAISONNE. THE RESEARCH WILL CULMINATE IN THE PUBLICATION OF AN UPDATED AND EXPANDED CATALOGUE RAISONNE THAT WILLBE A PRIMARY SOURCE FOR JUDD SCHOLARSHIP. THE FOUNDATION SEEKS TO BUILD ON ARCHIVAL RESEARCH BY ENGAGING COLLECTORS, GALLERIES, AND INSTITUTIONS IN THE EXPANSION OF KNOWLEDGE ABOUT JUDD'S BODY OF WORK.PUBLICATIONS: JUDD FOUNDATION CONTRIBUTES TO THE UNDERSTANDING OF ALL ASPECTS OF JUDD'S PRACTICE IN MAKING HIS SUBSTANTIAL BODY OF WORK ACCESSIBLE THROUGH PUBLICATIONS. SINCE 2016, JUDD FOUNDATION HAS PUBLISHED SIX BOOKS DETAILING JUDD'S WORK. THE FOUNDATION'S PUBLICATION PROGRAM IS ONGOING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $966,174
Program Service Revenue $826,108
Investment Income $8,555,231
Other Revenue $2,298,791
TOTAL REVENUE $12,646,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,445,663
Fundraising Expenses $825,713
Program Expenses $4,732,923
Other Expenses $3,866,719
TOTAL EXPENSES $7,312,382

Year-over-Year Comparison

2024 2023 Change
Revenue $12,646,304 $4,267,636 +2.0%
Expenses $7,312,382 $6,614,881 +0.1%
Net Income $5,333,922 $-2,347,245 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
44
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,054,138
Total Directors
7
$645,652
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FAIRFAX DORN CO-CHAIR 2.00
Officer Director
$0 $0 $0
ELLEN SALPETER CO-CHAIR 2.00
Officer Director
$0 $0 $0
RAINER JUDD PRESIDENT 40.00
Officer Director
$298,398 $20,267 $318,665
FLAVIN JUDD ARTISTIC DIRECTOR 40.00
Officer Director
$326,987 $0 $326,987
ROBERT BEYER TREASURER 2.00
Officer Director
$0 $0 $0
CARL RYAN SECRETARY 2.00
Officer Director
$0 $0 $0
BERTHA GONZALEZ NIEVES DIRECTOR 2.00
Director
$0 $0 $0
RICHARD GRIGGS CHIEF OPERATING OFFICER 40.00
Officer
$228,045 $26,291 $254,336
ALEXIS DARAN CONTROLLER & HR DIRECTOR 40.00
Officer
$140,300 $13,850 $154,150
ANDREA WALSH DIR. OF COMMUNICATION 40.00
Highest
$132,198 $15,257 $147,455
HANNAH PARKER DIRECTOR OF DEVELOPMENT 40.00
Highest
$127,582 $4,822 $132,404
PETER STANLEY DIR. OF OPERATIONS & PRESERVATION 40.00
Highest
$114,162 $22,877 $137,039
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,646,304 $7,312,382 $119,011,235 $5,333,922
2024 No data No data No data No data
2023 $6,057,875 $6,844,195 $110,646,529 $-786,320
2022 $14,659,896 $5,720,923 $111,956,096 $8,938,973
2021 $23,631,734 $6,860,166 $110,023,830 $16,771,568
2020 $7,883,436 $5,378,621 $82,389,087 $2,504,815
2019 $7,467,825 $8,029,896 $89,532,942 $-562,071
2018 $8,441,051 $4,973,192 $87,967,319 $3,467,859
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