Menil Foundation Inc
- Assets
- $910.1m
- Revenue
- $43.3m
- Investments
- $122.1m
- Employees
- 158
- Location
- Houston, TX
- Founding
- 07/1955
- Data as of
- 06/2021
- EIN
- 74-6045327
Organization Overview
Menil Foundation Inc is located in Houston, TX. The organization was established in 1955. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Menil Foundation Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menil Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Menil Foundation Inc generated $43.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $22.9m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MENIL FOUNDATION, INC. SUPPORTS THE MENIL COLLECTION, AN ART MUSEUM SET IN A RESIDENTIAL HOUSTON NEIGHBORHOOD. THE MUSEUM WELCOMES ALL VISITORS FREE OF CHARGE TO ITS ART BUILDINGS, PROGRAMS, AND GREEN SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OEXHIBITIONS, ART DISPLAYS, AND NEIGHBORHOOD ENHANCEMENT: THE MENIL COLLECTION REGULARLY ROTATES DISPLAYS OF ITS PERMANENT COLLECTION AND ORGANIZES LOAN EXHIBITIONS, PRIMARILY IN THE MAIN MUSEUM BUILDING AND IN THE MENIL DRAWING INSTITUTE. THE MENIL'S THIRTY-ACRE CAMPUS INCLUDES THREE OTHER ART BUILDINGS - CY TWOMBLY GALLERY, THE DAN FLAVIN INSTALLATION AT RICHMOND HALL, AND THE BYZANTINE FRESCO CHAPEL ALONG WITH BUNGALOWS SERVING AS STAFF OFFICES, AND A BOOKSTORE. THE MENIL FOUNDATION RENTS OUT A NUMBER OF PROPERTIES IN THE NEIGHBORHOOD, INCLUDING SOME TO OTHER NON-PROFITS AT DISCOUNTED RATES, AND MAINTAINS A SIGNIFICANT AMOUNT OF GREEN SPACE, WHICH CONTRIBUTES TO THE UNIQUE VITALITY OF THE MENIL NEIGHBORHOOD. ADDITIONALLY THE FOUNDATION MAINTAINS THE HISTORIC MENIL HOUSE, THE FORMER RESIDENCE OF THE MUSEUM'S FOUNDERS, WHICH IS LOCATED IN A NEARBY NEIGHBORHOOD, AND SERVES AS THE SITE FOR MUSEUM FUNCTIONS.
CURATORIAL AND COLLECTIONS - THE MENIL CARES FOR MORE THAN 17,000 WORKS OF ART IN ITS PERMANENT COLLECTION SPANNING THE PREHISTORIC TO THE PRESENT DAY. THE MUSEUM'S HOLDINGS COMPRISE FOUR PRIMARY AREAS OF FOCUS: ARTIFACTS AND OBJECTS FROM THE CIVILIZATIONS OF THE ANCIENT MEDITERRANEAN, EGYPT, AND THE NEAR EAST; MEDIEVAL AND BYZANTINE ART, OBJECTS, AND ICON PAINTINGS; THE ARTS OF AFRICA, THE PACIFIC ISLANDS, AND THE AMERICAS AND THE AMERICAN PACIFIC NORTHWEST; AND MODERN AND CONTEMPORARY PAINTINGS, SCULPTURES, DRAWINGS AND WORKS ON PAPER, PHOTOGRAPHY, AND INSTALLATIONS, WITH CONCENTRATIONS IN SURREALISM, ABSTRACT EXPRESSIONISM, POP ART, AND MINIMALISM.
EDUCATION AND PUBLIC PROGRAMS - EACH YEAR THE MENIL PRESENTS A VARIETY OF FREE EDUCATIONAL PROGRAMS AND EVENTS, INCLUDING ARTIST AND CURATOR LECTURES, PANEL DISCUSSIONS AND BOOK READINGS, MUSICAL PERFORMANCES, AND FILM SCREENINGS. SINCE 1989, THE MENIL AND THE NON-PROFIT WRITERS IN THE SCHOOLS HAVE COLLABORATED TO OFFER AN EXPERIENTIAL ARTS EDUCATION PROGRAM THAT INTRODUCES YOUNG STUDENTS TO FINE ARTS AND CREATIVE WRITING.
MEMBERSHIP - THE MENIL COLLECTION OFFERS THREE CATEGORIES OF MEMBERSHIP, EACH WITH A UNIQUE FOCUS AND BENEFITS. IN ADDITION TO GENERAL MEMBERSHIPS, THE MUSEUM'S MENIL CONTEMPORARIES PROGRAM IS A MEMBERSHIP GROUP FOR EMERGING PATRONS, COLLECTORS, AND ART ENTHUSIASTS WHO SHARE A COMMON PASSION FOR THE MENIL COLLECTION. THE MENIL SOCIETY IS A GROUP OF COMMITTED PATRONS WHO ENJOY A STRONG RELATIONSHIP WITH THE MENIL. MEMBERS ARE DEDICATED TO FOSTERING DEEPER ENGAGEMENT WITH THE MUSEUM, ITS MISSION, AND ITS WORLD-RENOWNED COLLECTION BY GENEROUSLY SUPPORTING EXHIBITIONS, PROGRAMMING, AND THE MUSEUM'S ANNUAL FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Rabinow Director | Officer | 40 | $485,114 |
Ileana Del Toro CFO | Officer | 38 | $181,877 |
Edouard Kopp Chief Curator, Mdi | 35 | $166,911 | |
Judith Waters Dir Of Development | 35 | $162,997 | |
Suzanne Maloch Director Of Human Resources | 35 | $146,949 | |
Bradford Epley Chief Conservator | 35 | $142,091 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zamore Homes Llc Construction Design | 6/29/22 | $869,670 |
Brightview Landscapes Llc Landscapes | 6/29/22 | $461,333 |
Johnson Controls Controls Technicians | 6/29/22 | $239,810 |
Prime Buchholz Consulting Investment Management | 6/29/22 | $235,559 |
Marek Brothers Systems Inc Construction | 6/29/22 | $381,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,052,617 |
| Fundraising events | $194,086 |
| Related organizations | $0 |
| Government grants | $1,963,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,389,934 |
| Noncash contributions included in lines 1a–1f | $8,723,262 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,599,817 |
| Total Program Service Revenue | $1,733,594 |
| Investment income | $5,477,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,565,048 |
| Net Income from Fundraising Events | -$26,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,342,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $622,000 |
| Compensation of current officers, directors, key employees. | $180,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,605,206 |
| Pension plan accruals and contributions | $324,581 |
| Other employee benefits | $1,457,452 |
| Payroll taxes | $518,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,327 |
| Fees for services: Accounting | $95,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,051,637 |
| Fees for services: Other | $478,065 |
| Advertising and promotion | $4,913 |
| Office expenses | $314,580 |
| Information technology | $207,047 |
| Royalties | $0 |
| Occupancy | $2,372,172 |
| Travel | $7,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,187,644 |
| Insurance | $554,586 |
| All other expenses | $0 |
| Total functional expenses | $22,881,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,620,396 |
| Pledges and grants receivable | $6,339,604 |
| Accounts receivable, net | $1,922,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,647 |
| Prepaid expenses and deferred charges | $853,173 |
| Net Land, buildings, and equipment | $107,349,472 |
| Investments—publicly traded securities | $258,152,685 |
| Investments—other securities | $122,081,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $406,611,993 |
| Total assets | $910,076,505 |
| Accounts payable and accrued expenses | $3,569,098 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,569,098 |
| Net assets without donor restrictions | $578,799,607 |
| Net assets with donor restrictions | $327,707,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $910,076,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Menil Foundation Inc has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: ARTS: COMMUNITY AND PUBLIC ACCCESS TO ARTS AND CULTURE | $100,000 |
Jfa Foundation Houston, TX PURPOSE: SUPPORTS ART IN HOUSTON | $15,000 |
Endowment Analysis
| Beg. Balance | $362,985,904 |
| Earnings | -$15,605,342 |
| Net Contributions | $328,068 |
| Other Expense | $12,709,841 |
| Ending Balance | $334,998,789 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |