Menil Foundation Inc
- Assets
- $819.8m
- Revenue
- $18.4m
- Investments
- $103.4m
- Employees
- 167
- Location
- Houston, TX
- Founding
- 07/1955
- Data as of
- 06/2020
- 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 06/2020, Menil Foundation Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Menil Foundation Inc generated $18.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $23.2m during the year ending 06/2020. 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
2020
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
EXHIBITIONS, 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 MENILS 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 MUSEUMS 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 MUSEUMS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Rabinow Director | Officer | 38 | $471,614 |
Michael J Nicknish CFO | Officer | 38 | $221,667 |
Edouard Kopp Chief Curator, Mdi | 35 | $163,573 | |
Suzanne Maloch Dir Of Hr | 35 | $140,422 | |
Bradford Epley Chief Conservator | 35 | $136,234 | |
Judith Waters Dir Of Development | 35 | $124,405 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilbane Building Company Construction | 6/29/20 | $2,663,702 |
Gowan Inc Mechanical Services | 6/29/20 | $339,355 |
Marek Brothers Systems General Contractor | 6/29/20 | $543,810 |
Brightview Landscapes Llc Landscaping | 6/29/20 | $416,785 |
Peak Roofing Inc Repair Services | 6/29/20 | $257,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $928,306 |
| Fundraising events | $579,710 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,038,024 |
| Noncash contributions included in lines 1a–1f | $2,489,951 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,546,040 |
| Total Program Service Revenue | $1,799,828 |
| Investment income | $4,193,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,920,015 |
| Net Income from Fundraising Events | -$40,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$44,397 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,374,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $10,789 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $880,067 |
| Compensation of current officers, directors, key employees. | $246,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,513,695 |
| Pension plan accruals and contributions | $317,607 |
| Other employee benefits | $1,780,734 |
| Payroll taxes | $518,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,647 |
| Fees for services: Accounting | $99,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,125 |
| Fees for services: Investment Management | $748,530 |
| Fees for services: Other | $506,237 |
| Advertising and promotion | $82,964 |
| Office expenses | $456,296 |
| Information technology | $188,452 |
| Royalties | $0 |
| Occupancy | $2,672,682 |
| Travel | $129,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,081,293 |
| Insurance | $505,178 |
| All other expenses | $0 |
| Total functional expenses | $23,220,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,737,800 |
| Pledges and grants receivable | $8,550,717 |
| Accounts receivable, net | $414,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $153,280 |
| Prepaid expenses and deferred charges | $817,459 |
| Net Land, buildings, and equipment | $108,058,738 |
| Investments—publicly traded securities | $189,503,994 |
| Investments—other securities | $103,419,190 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $398,153,223 |
| Total assets | $819,808,947 |
| Accounts payable and accrued expenses | $4,815,042 |
| 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 | $569,309 |
| Total liabilities | $5,384,351 |
| Net assets without donor restrictions | $534,759,759 |
| Net assets with donor restrictions | $279,664,837 |
| 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 | $819,808,947 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Menil Foundation Inc has recieved totaling $103,500.
| Awarding Organization | Amount |
|---|---|
Jesse W Couch Charitable Foundation Wilmington, DE PURPOSE: WRITING AT THE MENIL PROGRAM | $50,000 |
Vivian L Smith Foundation Houston, TX PURPOSE: GENERAL SUPPORT; SUPPORT THE MENIL COLLECTION | $30,000 |
Alice Kleberg Reynolds Meyer Fdn Tr Austin, TX PURPOSE: PROGRAM SERVICES/EXPENSES | $10,000 |
The Laura And Walter Elcock Family Foundation Dallas, TX PURPOSE: GENERAL PURPOSES OF CHARITY | $5,000 |
Willard & Ruth Johnson Charitable Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Raymond And Susan Brochstein Foundation Houston, TX PURPOSE: CULTURAL | $1,500 |
Endowment Analysis
| Beg. Balance | $315,318,793 |
| Earnings | $3,364,854 |
| Net Contributions | $250,337 |
| Other Expense | $8,487,060 |
| Ending Balance | $310,446,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Museum Of Art Dallas, TX | $273,794,885 | $38,344,709 |
Menil Foundation Inc Houston, TX | $819,808,947 | $18,374,409 |
Amon Carter Museum Of Western Art Fort Worth, TX | $85,461,073 | $20,810,184 |
New Orleans Museum Of Art New Orleans, LA | $94,142,047 | $14,791,645 |
Nasher Sculpture Center Dallas, TX | $5,263,608 | $12,149,079 |
Georgia Okeeffe Museum Santa Fe, NM | $149,654,666 | $17,243,207 |
Mcnay Art Museum San Antonio, TX | $84,313,132 | $9,369,360 |
San Antonio Museum Of Art San Antonio, TX | $85,166,345 | $12,009,568 |
Philbrook Museum Of Art Inc Tulsa, OK | $66,276,918 | $5,455,173 |
Contemporary Austin Museum Inc Austin, TX | $25,163,565 | $6,013,167 |
Nasher Foundation 101796 Forney, TX | $0 | $5,736,768 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |