Civic Intelligence

The Chinati Foundation

EIN 74-2340423 • 501(c)3 • Marfa, TX

Profile

The mission of the chinati foundation/la fundacion chinati is to preserve the vision of the artist donald judd (1928-1994), who in 1986 founded the organization as a unique museum. Judd installed large-scale works and groups of work by himself and a limited number of other artists on a permanent basis according to each artist's specifications. It was judd's goal to bring art, architecture, and the land together to form a coherent whole. Judd believed in the purity of art and its intrinsic value for humans. He situated his museum in marfa, texas, believing that the remoteness and vast open spaces of the locale enhanced viewers' experience of the artworks. Central to this mission are conserving the collection and making it available to the public, while maintaining the educational programs that judd initiated.

PO Box 1135Marfa, TX 79843

www.chinati.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

96th percentile

176%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$25,489,139

Up $3,602,140 (+16%) from 2023

Liabilities

Down

$198,241

Down $263,941 (-57%) from 2023

Net Assets

Up

$25,290,898

Up $3,866,081 (+18%) from 2023

Revenue

Up

$6,370,230

Up $963,015 (+18%) from 2023

Expenses

Down

$3,707,604

Down $417,153 (-10%) from 2023

Net Income

Up

$2,662,626

Up $1,380,168 (+108%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $12,762,959Liabilities 2010: $244,349Net Assets 2010: $12,518,6102010Assets 2011: $13,489,633Liabilities 2011: $182,509Net Assets 2011: $13,307,1242011Assets 2012: $14,318,091Liabilities 2012: $141,792Net Assets 2012: $14,176,2992012Assets 2013: $16,152,535Liabilities 2013: $148,461Net Assets 2013: $16,004,0742013Assets 2014: $19,483,067Liabilities 2014: $159,607Net Assets 2014: $19,323,4602014Assets 2015: $19,473,762Liabilities 2015: $672,620Net Assets 2015: $18,801,1422015Assets 2016: $15,924,767Liabilities 2016: $252,204Net Assets 2016: $15,672,5632016Assets 2017: $17,075,633Liabilities 2017: $353,546Net Assets 2017: $16,722,0872017Assets 2018: $16,338,558Liabilities 2018: $303,986Net Assets 2018: $16,034,5722018Assets 2019: $19,176,411Liabilities 2019: $354,612Net Assets 2019: $18,821,7992019Assets 2020: $20,585,130Liabilities 2020: $654,798Net Assets 2020: $19,930,3322020Assets 2021: $22,539,497Liabilities 2021: $565,192Net Assets 2021: $21,974,3052021Assets 2022: $18,545,964Liabilities 2022: $296,571Net Assets 2022: $18,249,3932022Assets 2023: $21,886,999Liabilities 2023: $462,182Net Assets 2023: $21,424,8172023Assets 2024: $25,489,139Liabilities 2024: $198,241Net Assets 2024: $25,290,8982024

Highlighted filing

2024

Assets$25,489,139
Liabilities$198,241
Net Assets$25,290,898

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2010: $2,125,329Expenses 2010: $1,863,484Net Income 2010: $261,8452010Revenue 2011: $3,619,835Expenses 2011: $1,918,285Net Income 2011: $1,701,5502011Expenses 2012: $2,167,7872012Revenue 2013: $3,793,899Expenses 2013: $2,266,994Net Income 2013: $1,526,9052013Revenue 2014: $6,271,632Expenses 2014: $2,364,654Net Income 2014: $3,906,9782014Revenue 2015: $3,073,944Expenses 2015: $2,359,714Net Income 2015: $714,2302015Revenue 2016: $3,859,634Expenses 2016: $2,613,368Net Income 2016: $1,246,2662016Revenue 2017: $3,118,938Expenses 2017: $2,994,571Net Income 2017: $124,3672017Revenue 2018: $3,660,545Expenses 2018: $2,881,057Net Income 2018: $779,4882018Revenue 2019: $4,013,235Expenses 2019: $3,262,248Net Income 2019: $750,9872019Revenue 2020: $2,956,453Expenses 2020: $2,890,665Net Income 2020: $65,7882020Revenue 2021: $3,562,112Expenses 2021: $4,360,589Net Income 2021: -$798,4772021Revenue 2022: $836,019Expenses 2022: $3,668,617Net Income 2022: -$2,832,5982022Revenue 2023: $5,407,215Expenses 2023: $4,124,757Net Income 2023: $1,282,4582023Revenue 2024: $6,370,230Expenses 2024: $3,707,604Net Income 2024: $2,662,6262024

Highlighted filing

2024

Revenue$6,370,230
Expenses$3,707,604
Net Income$2,662,626

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.5$0.20$25.3$6.37$3.71$2.66
2023Detailed filing. Detailed filing data is available for this year.$21.9$0.46$21.4$5.41$4.12$1.28
2022Detailed filing. Detailed filing data is available for this year.$18.5$0.30$18.2$0.84$3.67$2.83
2021Detailed filing. Detailed filing data is available for this year.$22.5$0.57$22.0$3.56$4.36$0.80
2020Detailed filing. Detailed filing data is available for this year.$20.6$0.65$19.9$2.96$2.89$0.07
2019Detailed filing. Detailed filing data is available for this year.$19.2$0.35$18.8$4.01$3.26$0.75
2018Detailed filing. Detailed filing data is available for this year.$16.3$0.30$16.0$3.66$2.88$0.78
2017Detailed filing. Detailed filing data is available for this year.$17.1$0.35$16.7$3.12$2.99$0.12
2016Detailed filing. Detailed filing data is available for this year.$15.9$0.25$15.7$3.86$2.61$1.25
2015Detailed filing. Detailed filing data is available for this year.$19.5$0.67$18.8$3.07$2.36$0.71
2014Detailed filing. Detailed filing data is available for this year.$19.5$0.16$19.3$6.27$2.36$3.91
2013Detailed filing. Detailed filing data is available for this year.$16.2$0.15$16.0$3.79$2.27$1.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.14$14.2$2.17
2011Summary only. Only limited summary data is available for this year.$13.5$0.18$13.3$3.62$1.92$1.70
2010Summary only. Only limited summary data is available for this year.$12.8$0.24$12.5$2.13$1.86$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 26, 2025
Return Version
2024v5.2
Gross Receipts
$8,685,840
Mission and Program Overview

Mission

The mission of the chinati foundation/la fundacion chinati is to preserve the vision of the artist donald judd (1928-1994), who in 1986 founded the organization as a unique museum. Judd installed large-scale works and groups of work by himself and a limited number of other artists on a permanent basis according to each artist's specifications. It was judd's goal to bring art, architecture, and the land together to form a coherent whole. Judd believed in the purity of art andd its intrinsic value for humans. He situated his museum in marfa, texas, believing that the remoteness and vast open spaces of the locale enhanced viewers' experience of the artworks. Central to this mission are conserving the collection and making it available to the public, while maintaining the educational programs that judd initiated.

To preserve the vision of the artist donald judd (1928-1994), who in 1986 founded the organization as a unique museum. It was judd's goal to bring art, architecture, and the land together to form a coherent whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,160,428$17,615,502▲ $1,455,074
Savings and Temporary Cash Investments$2,299,042$5,168,491▲ $2,869,449
Pledges and Grants Receivable$1,844,548$1,284,065▼ $560,483
Land, Buildings, and Equipment, Net$1,005,653$1,015,572▲ $9,919
Cash and Non-Interest-Bearing Accounts$368,575$230,381▼ $138,194
Inventories for Sale or Use$174,946$161,663▼ $13,283
Prepaid Expenses and Deferred Charges$27,040$12,688▼ $14,352
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$21,886,999$25,489,139▲ $3,602,140
Other Assets Total$6,767$777▼ $5,990
Liabilities
Deferred Revenue$176,315$0▼ $176,315
Accounts Payable and Accrued Expenses$236,907$161,435▼ $75,472
Mortgage Notes Payable Secured by Investment Property$48,960$36,806▼ $12,154
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$462,182$198,241▼ $263,941
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,160,432$21,288,715▲ $4,128,283
Net Assets Without Donor Restrictions$4,264,385$4,002,183▼ $262,202
Total Net Assets Fund Balance$21,424,817$25,290,898▲ $3,866,081
Total Liabilities and Net Assets / Fund Balance$21,886,999$25,489,139▲ $3,602,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$506,547$662,330$1,168,877
Equipment$59,612$423,189$482,801
Land$395,064-$395,064
Leasehold Improvements$54,349$185,270$239,619
Other Land Buildings$0$97,797$97,797

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$16,160,428-▲ $2,109,247$575,000$17,615,530
2023$14,542,231-▲ $2,279,394$588,000$16,160,428
2022$17,374,683-▼ $2,167,160$588,000$14,542,231
2021$16,012,100-▲ $2,031,088$588,000$17,374,683
2020$15,298,138-▲ $1,419,858$631,500$16,012,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin MurrayExecutive DirectorFT$191,042$9,505$200,547
Stephen MartinDirector Preservation and PlanningFT$111,325$10,408$121,733
Revenue and Support

Revenue Composition

Contributions and Grants
$5,037,551
Program Service Revenue
$254,286
Investment Income
$1,102,035
Other Revenue
$-23,642
All Other Contributions
$4,493,622
Change in Net Assets
$2,662,626

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$10,000Fair Market Value (FMV)
Other Non Cash Contri Table1$10,000Fair Market Value (FMV)
Other Non Cash Contri Table1$10,000Fair Market Value (FMV)
Clothing and Household Goods-$8,000Fair Market Value (FMV)
Other Non Cash Contri Table1$7,400Fair Market Value (FMV)
Food Inventory-$5,450Fair Market Value (FMV)
Other Non Cash Contri Table1$1,200Fair Market Value (FMV)
Total Noncash Contributions5$52,050-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,452,487
Revenue Not Reported on Financial Statements
$-82,257
Revenue Not Reported on Form 990
$1,203,455
Other Revenue Adjustments
$-161,402
Total Revenue per Audited Statements
$7,655,942
Total Revenue per Form 990
$6,370,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,054,316
Other Expenses$1,593,538
Total Fundraising Expense$419,300
Professional Fundraising Fees$59,750
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$980,283$347,454$198,320$1,526,057
Fees for Services Other$565,568$117,348$5,110$688,026
Current Officers, Directors, Trustees, and Key Employees$128,825$45,660$26,062$200,547
Other Employee Benefits$122,878$43,553$24,859$191,290
Travel$111,819$37,700$17,468$166,987
Occupancy$116,919$15,946$12,800$145,665
Payroll Taxes$87,632$31,061$17,729$136,422
Insurance$103,346$25,836-$129,182
Fees for Service Investment Mgmnt Fees-$79,145-$79,145
Depreciation Depletion$53,205$8,057$2,088$63,350
Fees for Services Professional Fundraising--$59,750$59,750
Office Expenses$31,484$5,995$6,540$44,019
Other Expenses$9,157$327$8,266$17,750
Information Technology$9,302$3,084$1,760$14,146
Interest-$3,983-$3,983
Advertising$3,426--$3,426
Total Functional Expenses$2,459,769$828,535$419,300$3,707,604

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,789,861
Total Expenses per Form 990$3,707,604
Expenses per Audited Statements$3,628,459
Expenses Not Reported on Form 990$161,402
Expenses Not Reported on Financial Statements$79,145
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$161,402
Fundraising Gross Income$127,200
Professional Fundraising Fees$59,750
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chinati Weekend$270,250$127,200$92,974$34,226
Total Events$270,250$127,200$161,402$-34,202
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The board of directors tasked the audit committee with reviewing and approving a copy of the form 990. The form 990 is provided to the entire board of directors before filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has a written conflict of interest policy, which is signed annually by both employees and directors. Each year the chief financial officer and chief operating office ensure that current employees and directors have updated their responses to the conflict of interest policy.

FORM 990, PART VI, SECTION B, LINE 15:

Compensation of all personnel (trustees are not compensated). Is determined by the executive director and each year the board of directors approves an operating budget, of which compensation is a key component.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents, conflict of interest policy, forms 990, and financial statements are available for public inspection in the museum's offices during normal business hours. In addition, the financial statements are available on the museum's website at www.chinati.org.

Filing and Contact Details

Filer

Filer Name
The Chinati Foundation
EIN
74-2340423
In Care Of
% CAITLIN MURRAY
Phone
4327294362
Address
PO BOX 1135, MARFA, TX 79843

Signing Officer

Name
Caitlin Murray
Title
Executive Director
Phone
4327294362
Signed
2025-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Cohn
Formed
1984
Legal Domicile
TX
Voting Board Members
20
Independent Board Members
20
Employees
62

Preparer

Firm
Withum Smith Brown Pc
Address
5847 SAN FELIPE ST SUITE 2600, HOUSTON, TX 77057
Preparer
Emily Smikal
Phone
7138601400
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:fees for services total fees:688026

Financial Statement Notes

Part III, Line 1A

The value of the museum's collections, which since the museum's inception have either been donated or constructed with museum funds, has been excluded from the statement of financial position and gifts of art objects are excluded from revenue in the statements of activities and changes in net assets. Purchases of collection items are recorded as decreases in net assets without donor restrictions on the statement of activities and changes in net assets in the year in which the items are acquired and placed in service. If the assets used to purchase the collection items are restricted by donors, such amount is released from net assets with donor restrictions at the time the collection item is acquired and placed in service. Proceeds from deaccessions or insurance recoveries are available for the acquisition of collections or the direct care of existing collections, with such direct care either extending the life or enhancing the quality of the existing collection.

Part X, Line 2

The museum is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except to the extent it has unrelated business activities. The museum records charges for uncertain tax positions when they are considered probable. Based on its evaluation, the museum has concluded that there are no significant uncertain tax positions requiring recognition or disclosure in the financial statements. The museum is subject to routine examinations of its returns; however, there are no examinations for any tax periods currently in progress.

PART XI, LINE 4B

PART XI, LINE 4b - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING - (161,402)

Part XII, Line 2D

Part xii, line 2d - other adjustments: direct expenses from fundraising - 161,402

Raw XML AppendixShowing 400 of 803 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0TO PRESERVE THE CHINATI FOUNDATION'S PERMANENT ART COLLECTION AND PRESENT IT TO THE PUBLIC: THE MUSEUM IS LOCATED ON 340 ACRES OF LAND ON THE SITE OF THE FORMER FORT D.A. RUSSELL IN THE SMALL TOWN OF MARFA, TEXAS. WITH FUNDS PROVIDED BY THE DIA ART FOUNDATION, REPAIRS AND RENOVATIONS OF THE HISTORIC BUILDINGS WERE BEGUN IN 1979, FOLLOWED BY THE INSTALLATIONS OF ART WORKS. IN 1986, CHINATI OPENED TO THE PUBLIC AS AN INDEPENDENT, NON-PROFIT, PUBLICLY FUNDED ORGANIZATION. THE ORIGINAL CONCEPT WAS TO FOCUS ON WORK BY DONALD JUDD, DAN FLAVIN, AND JOHN CHAMBERLAIN, WHO ARE REPRESENTED IN THE COLLECTION BY 15 OUTDOOR WORKS IN CONCRETE, AND 100 MILL ALUMINUM WORKS IN TWO CONVERTED ARTILLERY SHEDS (DONALD JUDD); ILLUMINATIONS IN COLORED FLUORESCENT LIGHT IN SIX FORMER BARRACKS (DAN FLAVIN); AND 225 SCULPTURES INSTALLED IN A RENOVATED WAREHOUSE (JOHN CHAMBERLAIN). SUBSEQUENTLY, JUDD DECIDED TO EXPAND THE COLLECTION TO INCLUDE WORKS BY CLAES OLDENBURG & COOSJE VAN BRUGGEN, RICHARD LONG, RONI HORN, DAVID RABINOWITCH, ILYA KABAKOV, AND INGOLFUR ARNARSSON. FOLLOWING HIS DEATH IN 1994, THE MUSEUM REALIZED PROJECTS, ADHERING TO JUDD'S IDEAS INCLUDING CARL ANDRE'S POEMS (1995(, DAN FLAVIN'S INSTALLATIONS (2000), AND JOHN WESLEY'S GALLERY OF PAINTINGS (2004). FURTHER ADDITIONS TO THE COLLECTIONS WILL ALSO STRICTLY FOLLOW THE PARAMETERS SET BY JUDD AND WILL ALWAYS BE GUIDED BY HIS INTERESTES AND INTENTIONS OF AN ENVIRONMENT IN WHICH ART, ARCHITECTURE, AND THE LAND EXIST IN MUTUAL AESTHETIC HARMONY. DUE TO THE LARGE SIZE AND SCALE OF THE MUSEUM AND ITS GROUNDS, THE CHINATI FOUNDATION IS ACCESSIBLE BY GUIDED TOUR ONLY. PUBLIC TOURS OF THE COLLECTIONS ARE AVAILABLE WEDNESDAY THROUGH SUNDAY. CONSERVATION OF THE COLLECTION AND MAINTENANCE AND REPAIR OF THE BUILDINGS HOUSING THE COLLECTION ARE ONGOING EFFORTS.
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IRS990/MissionDesc0THE MISSION OF THE CHINATI FOUNDATION/LA FUNDACION CHINATI IS TO PRESERVE THE VISION OF THE ARTIST DONALD JUDD (1928-1994), WHO IN 1986 FOUNDED THE ORGANIZATION AS A UNIQUE MUSEUM. JUDD INSTALLED LARGE-SCALE WORKS AND GROUPS OF WORK BY HIMSELF AND A LIMITED NUMBER OF OTHER ARTISTS ON A PERMANENT BASIS ACCORDING TO EACH ARTIST'S SPECIFICATIONS. IT WAS JUDD'S GOAL TO BRING ART, ARCHITECTURE, AND THE LAND TOGETHER TO FORM A COHERENT WHOLE. JUDD BELIEVED IN THE PURITY OF ART AND ITS INTRINSIC VALUE FOR HUMANS. HE SITUATED HIS MUSEUM IN MARFA, TEXAS, BELIEVING THAT THE REMOTENESS AND VAST OPEN SPACES OF THE LOCALE ENHANCED VIEWERS' EXPERIENCE OF THE ARTWORKS. CENTRAL TO THIS MISSION ARE CONSERVING THE COLLECTION AND MAKING IT AVAILABLE TO THE PUBLIC, WHILE MAINTAINING THE EDUCATIONAL PROGRAMS THAT JUDD INITIATED.
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