2025-05-15T12:31:58-05:00 2024-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-07-01 742798673 JUDD FOUNDATION JUDD 2122192747 101 SPRING STREET NEW YORK NY 10012 RICHARD GRIGGS CHIEF OPERATING OFFICER 2122492747 2025-05-08 1 0 FREDERICK MARTENS P00298107 2126972299 2023 2025-03-06 01:10:19Z RAINER JUDD 101 SPRING STREET NEW YORK NY 10012 11639606 0 X WWW.JUDDFOUNDATION.ORG X 1996 TX THE FOUNDATION IS DEDICATED TO PRESERVING, AND MAKING ACCESSIBLE, DONALD JUDD'S INSTALLED SPACES, AND PROMOTING A WIDER UNDERSTANDING OF HIS ARTISTIC LEGACY. 7 5 41 5 -187738 0 2092799 1387091 295957 827976 1393237 526509 2275882 1526060 6057875 4267636 0 0 0 0 3266604 3062039 0 0 694378 3577591 3552842 6844195 6614881 -786320 -2347245 110646529 114929494 491038 786233 110155491 114143261 X JUDD FOUNDATION MAINTAINS AND PRESERVES DONALD JUDD'S PERMANENTLY-INSTALLED LIVING SND 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. 0 0 4366538 1672598 THE 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 WITH JUDD'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, 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. THESE INCLUDE CASA PEREZ RANCH DAY, THE STAR PARTY AT THE BLOCK, 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 2024, ACTIVITIES INCLUDED THE EXHIBITIONS ROBERT IRWIN AND PIERRE PAULIN: ACTION HOUSE. THE EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC. THE FOUNDATION ALSO PRESENTS LECTURES AND TALKS IN BOTH NEW YORK AND MARFA, IN 2024 PROGRAMS INCLUDED IN CONVERSATION: JULIAN ROSE AND RICHARD GLUCKMAN ON ARCHITECTURE AND TALKS ON ROBERT IRWIN AND PIERRE PAULIN. 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 2024, 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 2024, MAJOR PROJECTS INCLUDED THE RESTORATION OF JUDD'S RANCH OFFICE AND THE CONTINUED RESTORATION OF THE ARCHITECTURE OFFICE BUILDING. 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 EPHE 4366538 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 20 0 1 41 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY TX X THE ORGANIZATION 2122192747 101 SPRING STREET NEW YORK NY 10012 FAIRFAX DORN CO-CHAIR 2.00 X X 0 0 0 ELLEN SALPETER CO-CHAIR 2.00 X X 0 0 0 RAINER JUDD PRESIDENT 40.00 X X 295073 0 20331 FLAVIN JUDD ARTISTIC DIRECTOR 40.00 X X 320113 0 0 ROBERT BEYER TREASURER 2.00 X X 0 0 0 CARL RYAN SECRETARY 2.00 X X 0 0 0 BERTHA GONZALEZ NIEVES DIRECTOR 2.00 X 0 0 0 RICHARD GRIGGS CHIEF OPERATING OFFICER 40.00 X 213950 0 29381 ALEXIS DARAN CONTROLLER & HR DIRECTOR 40.00 X 125290 0 12877 ANDREA WALSH DIR. OF COMMUNICATION 40.00 X 113590 0 14863 HANNAH PARKER DIRECTOR OF DEVELOPMENT 40.00 X 111223 0 9656 PETER STANLEY DIR. OF OPERATIONS & PRESERVATION 40.00 X 110924 0 23857 1290163 0 110965 7 0 1 0 METHOD BUILDING CO PO BOX 660 MARFA TX 79843 CONSTRUCTION SERVICES 1647108 1 202936 163712 1020443 196904 1387091 ADMISSIONS/TOURS 900099 335802 335802 PROGRAM REIMBURSEMENT 900099 221341 221341 DESIGN FEES 900099 200000 200000 LICENSING FEES 900099 70833 70833 827976 897693 -187738 1085431 62381 62381 6284070 6655254 -371184 -371184 -371184 42564 202936 42564 0 1518774 674152 844622 844622 INSURANCE CLAIM SETTLEMENTS 900099 618038 618038 OTHER REVENUE 900099 1019 1019 619057 4267636 1672598 -187738 1395685 1029385 373223 364381 291781 1481728 1013945 240217 227566 38584 25041 6749 6794 211283 124280 45252 41751 301059 167540 71596 61923 63483 63483 59782 59782 247989 247989 296367 103229 190322 2816 82005 82005 222408 145311 44495 32602 366244 299352 55743 11149 101880 45846 45846 10188 880815 836774 44041 210233 186166 24067 ARTWORK PURCHASE 508000 508000 COLLECTION CONSERVATION 326408 326408 MISCELLANEOUS EXPENSES 67774 39898 22764 5112 EVENT EXPENSE 44442 44442 75012 45078 27238 2696 6614881 4366538 1553965 694378 7644059 866614 219 219 1277689 1169706 80243 118399 710702 782238 142625 61315 41080452 10507287 29184333 30573165 16015047 19546697 55580208 61799737 11404 11404 110646529 114929494 302885 442262 188153 343971 491038 786233 X 106649709 109900579 3505782 4242682 110155491 114143261 110646529 114929494 -2347245 6335015 0 X 0 1 X 1 0 X 524819 1153208 509523 2092799 1387091 5667440 524819 1153208 509523 2092799 1387091 5667440 1449572 4217868 276391 131346 189201 588799 1147812 2333549 5357 930591 223530 1994077 619057 3772612 11773601 5081220 0.35820 0.32990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 1 200.00 15000 X X X X 0 64340401 497746 6613526 71451673 62128472 2251416 -39487 64340401 59522739 1673041 932692 62128472 43550428 2898361 13073950 59522739 39362875 1440811 2746742 43550428 1.00000 0.00000 0.00000 0 0 5515668 5515668 34570853 9595385 24975468 993931 911902 82029 30573165 INVESTMENT CASH 1404009 F ALTERNATIVE INVESTMENTS: ABSOLUTE RETURN 9707478 F HEDGED EQUITIES 6999070 F GLOBAL EQUITIES 9800666 F PRIVATE DEBT 5373085 F PRIVATE EQUITIES 24732581 F REAL ESTATE 3063313 F PREFERRED STOCK 719535 F 61799737 PART II, LINE 3: THE CONSERVATION EASEMENTS HELD BY THE FOUNDATION ARE HELD ON PROPERTY FORMERLY OWNED BY DONALD JUDD. THE VALUE IS INCLUDED AS PART OF THE LAND, BUILDINGS AND EQUIPMENT REFLECTED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 1A: THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH DISTRIBUTIONS RECEIVED PURSUANT TO THE WILL OF DONALD JUDD, IS NOT REFLECTED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE EXPENSED IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS REVENUE IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF THE WORKS OF DONALD JUDD AND OTHER ARTISTS. ARTWORK PERMANENTLY INSTALLED IN THE VARIOUS LIVING AND WORKING SPACES OF DONALD JUDD, AS WELL AS CERTAIN OTHER WORKS, ARE HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, TO BE PROTECTED AND PRESERVED. THESE PERMANENTLY INSTALLED SPACES IN NEW YORK AND TEXAS ARE OPEN TO THE PUBLIC FOR GUIDED TOURS THROUGH A REGULAR SCHEDULE THAT CAN BE BOOKED ONLINE. THE FOUNDATION ESTIMATES THAT 15,000 INDIVIDUALS ACCESS THESE TOURS ANNUALLY, FURTHERING THE MISSION TO FACILITATE PUBLIC ACCESS TO PROMOTE A WIDER UNDERSTANDING OF AND APPRECIATION FOR JUDD'S ARTISTIC LEGACY. IN ADDITION, ARTWORK IS ALSO LOANED TO OTHER INSTITUTIONS FOR EXHIBITIONS, ALLOWING THE FOUNDATION TO PROMOTE JUDD'S ARTISTIC LEGACY TO AN EVEN WIDER AUDIENCE. CERTAIN OF THE ARTWORK THAT IS NOT PERMANENTLY INSTALLED, FROM TIME TO TIME, MAY BE SOLD OR OTHERWISE TRANSFERRED TO SUPPORT THE PROGRAMS AND OPERATIONS OF THE FOUNDATION. A DESCRIPTION OF THE CONTENTS OF THE COLLECTION IS MAINTAINED BY THE FOUNDATION. THE COLLECTION IS INSURED FOR $110,000,000 PER LOCATION, PLUS $35,000,000 FOR ITEMS ON LOAN AT OTHER LOCATIONS OR IN TRANSIT. PART V, LINE 4: THE FOUNDATION'S BOARD OF TRUSTEES ESTABLISHED BOARD DESIGNATED FUNDS TO FUNCTION AS AN ENDOWMENT TO FUND THE FOUNDATION'S ANNUAL OPERATIONS, AND TO BE HELD AS A CASH RESERVE FOR SPECIFIC PROJECTS AND OTHER PURPOSES. DINNER EVENT 245500 202936 42564 29396 13168 245500 202936 42564 29396 13168 42564 0 X X X X 0 0 0 0 0 0 0 0 0 RAINER JUDD PRESIDENT 295073 0 0 0 0 0 8898 0 11433 0 315404 0 0 0 FLAVIN JUDD ARTISTIC DIRECTOR 320113 0 0 0 0 0 0 0 0 0 320113 0 0 0 RICHARD GRIGGS CHIEF OPERATING OFFICER 213550 0 400 0 0 0 6395 0 22986 0 243331 0 0 0 X 1 196904 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 RAINER JUDD, PRESIDENT, AND FLAVIN JUDD, ARTISTIC DIRECTOR - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B JUDD FOUNDATION'S INDEPENDENT ACCOUNTANTS PREPARE A DRAFT OF THE FORM 990 WHICH IS FIRST REVIEWED BY THE ORGANIZATION'S DIRECTOR OF FINANCE. THE DRAFT FORM 990 IS THEN REVIEWED BY THE FINANCE COMMITTEE, AND IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS COMPLETE AN ANNUAL CONFLICT OF INTEREST AND CONFIDENTIALITY DISCLOSURE STATEMENT. BOARD MEMBERS ARE ALSO REQUIRED TO NOTIFY THE PRESIDENT WHEN ANY TRANSACTIONS ARISE THAT COULD INVOLVE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. THE DISCLOSURE STATEMENTS AND ANY DISCLOSURES MADE ARE REVIEWED BY THE GOVERNANCE COMMITTE AND PRESIDENT FOR COMPLIANCE TO THE FOUNDATION'S CONFLICT OF INTEREST POLICY. IF ANY DISCLOSURES REQUIRE FURTHER INVESTIGATION, THE GOVERNANCE COMMITTEE AND PRESIDENT WORK WITH THE BOARD OF DIRECTORS TO INVESTIGATE AND RESOLVE ANY SUCH DISCLOSURES. ANY TRANSACTIONS WHICH REQUIRE REVIEW UNDER THE FOUNDATION'S CONFLICT OF INTEREST POLICY ARE CONSIDERED BY THE BOARD OR DIRECTORS. ANY INDIVIDUAL WITH A CONFLICT, OR WHO IS A PARTY TO THE TRANSACTION BEING CONSIDERED, MAY NOT PARTICIPATE IN THE DELIBERATION OR DECISION WITH RESPECT TO THE TRANSACTION. THE BOARD OF DIRECTORS REVIEWS AND APPROVES WHETHER TO ENTER INTO THE TRANSACTION BEING CONSIDERED. UPON EMPLOYMENT, ALL EMPLOYEES, INCLUDING DIRECTORS AND KEY EMPLOYEES, COMPLETE AND SIGN A NON-DISCLOSURE AGREEMENT THAT CONTAINS A SECTION ON "NO CONFLICTING OBLIGATIONS". IN ADDITION, THE EMPLOYEE HANDBOOK CONTAINS A CONFLICT OF INTEREST SECTION THAT ADDRESSES EMPLOYEE DISCLOSURE OF ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT AND THE ARTISTIC DIRECTOR WAS DETERMINED BASED ON A REVIEW OF FORMS 990 OF OTHER COMPARABLE ORGANIZATIONS, AND A CAREFUL CONSIDERATION OF EACH INDIVIDUAL'S EXPERIENCE, QUALIFICATIONS, KNOWLEDGE, AND THE BEST INTERESTS OF THE FOUNDATION. THE TERMS OF EMPLOYMENT, INCLUDING COMPENSATION, ARE OUTLINED IN A WRITTEN EMPLOYMENT AGREEMENT, AND APPROVED UNANIMOUSLY BY ALL INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD REVIEWS THE PERFORMANCE OF THE PRESIDENT AND THE ARTISTIC DIRECTOR, AND MAY, AT THEIR DISCRETION, APPROVE CHANGES TO COMPENSATION. THE COMPENSATION OF OTHER OFFICERS IS BASED ON AN ANNUAL REVIEW PROCESS THAT EVALUATES AND DOCUMENTS PERFORMANCE AGAINST ANNUAL GOALS AND OBJECTIVES. COMPENSATION IS BASED ON INDUSTRY STATISTICS, COMPARABLE ORGANIZATIONS, EXPERIENCE OF EMPLOYEE, AND ANY OTHER INFORMATION THAT THE BOARD OF DIRECTORS FINDS RELEVANT. THE PRESIDENT REVIEWS PERFORMANCE EVALUATIONS OF OFFICERS AND MAKE RECOMMENDATIONS FOR SALARY ADJUSTMENTS BASED ON PREVAILING WAGES AND MERIT. THE BOARD REVIEWS AND APPROVES THESE SALARY RECOMMENDATIONS AS PART OF THE BUDGET APPROVAL PROCESS PRIOR TO EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. JUDD FURNITURE LLC 101 SPRING STREET NEW YORK NY 10012 742798673 EXEMPT PURPOSE FURNITURE SALES DE 744235 1011572 JUDD FOUNDATION