Civic Intelligence

Menil Foundation Inc

EIN 74-6045327 • 501(c)3 • Houston, TX

Profile

The Menil Collection is committed to its founders' belief that art is essential to human experience. The Menil fosters direct personal encounters with art, and welcomes all visitors free of charge to its museum buildings and surrounding green spaces.

1519 Branard StreetHouston, TX 77006-4721

www.menil.org

Siviq Scores

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

Liabilities / Assets

5th percentile

0.01x

Higher debt load relative to assets than 5% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.07x

Higher debt load relative to revenue than 10% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

84th percentile

25%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $250M-$1B 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

48th percentile

5.2%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

20%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$506,970,862

Up $24,910,390 (+5.2%) from 2023

Liabilities

Up

$2,582,489

Up $309,159 (+14%) from 2023

Net Assets

Up

$504,388,373

Up $24,601,231 (+5.1%) from 2023

Revenue

Up

$36,441,222

Up $5,949,004 (+20%) from 2023

Expenses

Down

$27,201,958

Down $319,153 (-1.2%) from 2023

Net Income

Up

$9,239,264

Up $6,268,157 (+211%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0B$500M$0Assets 2011: $602,923,559Liabilities 2011: $4,002,346Net Assets 2011: $598,921,2132011Assets 2012: $609,528,177Liabilities 2012: $4,279,282Net Assets 2012: $605,248,8952012Assets 2013: $664,651,309Liabilities 2013: $5,119,002Net Assets 2013: $659,532,3072013Assets 2014: $723,664,472Liabilities 2014: $5,511,638Net Assets 2014: $718,152,8342014Assets 2015: $745,511,043Liabilities 2015: $6,390,077Net Assets 2015: $739,120,9662015Assets 2016: $739,528,181Liabilities 2016: $5,491,901Net Assets 2016: $734,036,2802016Assets 2017: $785,920,994Liabilities 2017: $4,337,050Net Assets 2017: $781,583,9442017Assets 2018: $810,765,892Liabilities 2018: $4,122,523Net Assets 2018: $806,643,3692018Assets 2019: $826,064,979Liabilities 2019: $2,190,805Net Assets 2019: $823,874,1742019Assets 2020: $819,808,947Liabilities 2020: $5,384,351Net Assets 2020: $814,424,5962020Assets 2021: $910,076,505Liabilities 2021: $3,569,098Net Assets 2021: $906,507,4072021Assets 2022: $868,135,377Liabilities 2022: $1,371,216Net Assets 2022: $866,764,1612022Assets 2023: $482,060,472Liabilities 2023: $2,273,330Net Assets 2023: $479,787,1422023Assets 2024: $506,970,862Liabilities 2024: $2,582,489Net Assets 2024: $504,388,3732024

Highlighted filing

2024

Assets$506,970,862
Liabilities$2,582,489
Net Assets$504,388,373

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $33,261,691Expenses 2011: $15,668,549Net Income 2011: $17,593,1422011Revenue 2012: $30,475,508Expenses 2012: $14,915,445Net Income 2012: $15,560,0632012Revenue 2013: $59,800,820Expenses 2013: $15,154,531Net Income 2013: $44,646,2892013Revenue 2014: $52,878,552Expenses 2014: $16,206,530Net Income 2014: $36,672,0222014Revenue 2015: $45,814,023Expenses 2015: $17,542,427Net Income 2015: $28,271,5962015Revenue 2016: $32,337,050Expenses 2016: $18,395,293Net Income 2016: $13,941,7572016Revenue 2017: $37,709,155Expenses 2017: $18,892,896Net Income 2017: $18,816,2592017Revenue 2018: $24,610,315Expenses 2018: $18,716,354Net Income 2018: $5,893,9612018Revenue 2019: $37,235,860Expenses 2019: $23,008,711Net Income 2019: $14,227,1492019Revenue 2020: $18,374,409Expenses 2020: $23,220,012Net Income 2020: -$4,845,6032020Revenue 2021: $43,342,663Expenses 2021: $22,881,762Net Income 2021: $20,460,9012021Revenue 2022: $38,703,533Expenses 2022: $24,501,749Net Income 2022: $14,201,7842022Revenue 2023: $30,492,218Expenses 2023: $27,521,111Net Income 2023: $2,971,1072023Revenue 2024: $36,441,222Expenses 2024: $27,201,958Net Income 2024: $9,239,2642024

Highlighted filing

2024

Revenue$36,441,222
Expenses$27,201,958
Net Income$9,239,264

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$507$2.58$504$36.4$27.2$9.24
2023Detailed filing. Detailed filing data is available for this year.$482$2.27$480$30.5$27.5$2.97
2022Detailed filing. Detailed filing data is available for this year.$868$1.37$867$38.7$24.5$14.2
2021Detailed filing. Detailed filing data is available for this year.$910$3.57$907$43.3$22.9$20.5
2020Detailed filing. Detailed filing data is available for this year.$820$5.38$814$18.4$23.2$4.85
2019Detailed filing. Detailed filing data is available for this year.$826$2.19$824$37.2$23.0$14.2
2018Detailed filing. Detailed filing data is available for this year.$811$4.12$807$24.6$18.7$5.89
2017Detailed filing. Detailed filing data is available for this year.$786$4.34$782$37.7$18.9$18.8
2016Detailed filing. Detailed filing data is available for this year.$740$5.49$734$32.3$18.4$13.9
2015Detailed filing. Detailed filing data is available for this year.$746$6.39$739$45.8$17.5$28.3
2014Detailed filing. Detailed filing data is available for this year.$724$5.51$718$52.9$16.2$36.7
2013Summary only. Only limited summary data is available for this year.$665$5.12$660$59.8$15.2$44.6
2012Summary only. Only limited summary data is available for this year.$610$4.28$605$30.5$14.9$15.6
2011Summary only. Only limited summary data is available for this year.$603$4.00$599$33.3$15.7$17.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$105,230,977
Mission and Program Overview

Mission

Menil Foundation, Inc. operates and maintains museum facilities (open to the public at no charge) and the surrounding neighborhood. The Foundation also presents educational programs and issues publications related to its museum and programs.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$239,553,966$249,198,377▲ $9,644,411
Investments Other Securities$131,384,995$147,478,419▲ $16,093,424
Land, Buildings, and Equipment, Net$100,864,926$99,343,783▼ $1,521,143
Savings and Temporary Cash Investments$4,327,184$4,913,069▲ $585,885
Pledges and Grants Receivable$4,558,979$2,779,641▼ $1,779,338
Accounts Receivable$221,206$1,718,415▲ $1,497,209
Prepaid Expenses and Deferred Charges$867,589$1,231,138▲ $363,549
Inventories for Sale or Use$172,827$171,314▼ $1,513
Total Assets$482,060,472$506,970,862▲ $24,910,390
Other Assets Total$108,800$136,706▲ $27,906
Liabilities
Accounts Payable and Accrued Expenses$2,273,330$2,582,489▲ $309,159
Total Liabilities$2,273,330$2,582,489▲ $309,159
Net Assets / Fund Balance
Net Assets With Donor Restrictions$273,278,117$285,885,905▲ $12,607,788
Net Assets Without Donor Restrictions$206,509,025$218,502,468▲ $11,993,443
Total Net Assets Fund Balance$479,787,142$504,388,373▲ $24,601,231
Total Liabilities and Net Assets / Fund Balance$482,060,472$506,970,862▲ $24,910,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$69,518,070$59,862,650$129,380,720
Land$27,475,764-$27,475,764
Equipment$2,349,949$15,266,212$17,616,161
Other Securities$41,551,782--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$312,278,595$25,000▲ $30,732,930$16,823,859$326,212,666
2022$334,998,789$2,905,076▲ $26,601,310$13,725,828$312,278,595
2021$362,985,904$328,068▼ $15,605,342$12,709,841$334,998,789
2020$310,446,924$100,000▲ $68,095,059$15,656,079$362,985,904
2019$315,318,793$250,337▲ $3,364,854$8,487,060$310,446,924
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca RabinowDirectorFT$542,274$40,440$582,714
Ileana Del ToroCFOFT$201,325$34,121$235,446
Edouard KoppChief Curator, MDIFT$181,425$33,112$214,537
Suzanne MalochDirector of Human ResourceFT$167,163$32,365$199,528
Judith WatersDirector of AdvancementFT$180,624$18,311$198,935
Wesley HainesDirector of FacilitiesFT$153,631$27,340$180,971
Michelle WhiteSenior CuratorFT$129,333$30,514$159,847

Highest Paid Contractors

ContractorServicesLocationCompensation
Brightview Landscapes LLCLandscaping servicePO Box 31001-2463, Pasadena, CA 91110-2463$475,376
Color House IncConstruction2525 Prospect St, Houston, TX 77004$466,280
Gallant BuildersConstruction6990 Portwest Ste 170, Houston, TX 77024$350,543
Jackson & CompanyCaterering servicePO Box130260, Houston, TX 77219$331,958
Brett Zamore Design LLCConstruction1501 Laird St, Houston, TX 77008$263,001
Revenue and Support

Revenue Composition

Contributions and Grants
$8,377,546
Program Service Revenue
$2,388,670
Investment Income
$25,854,138
Other Revenue
$-179,132
All Other Contributions
$6,884,191
Change in Net Assets
$9,239,264

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
Securities Publicly Traded19$475,834Sales proceeds
Total Noncash Contributions19$475,834-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,143,741
Salaries, Compensation, and Employee Benefits$11,998,440
Total Fundraising Expense$1,429,483
Grants and Similar Amounts Paid$55,902
Professional Fundraising Fees$3,875

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,032,648$1,746,182$864,152$8,642,982
Depreciation Depletion$150,388$3,888,873$4,085$4,043,346
Occupancy$3,068,505$97,583$91,806$3,257,894
Other Employee Benefits$1,168,125$255,549$118,682$1,542,356
Fees for Service Investment Mgmnt Fees-$781,667-$781,667
Current Officers, Directors, Trustees, and Key Employees$555,874$196,682-$752,556
Fees for Services Other$567,403$107,984$59,698$735,085
Payroll Taxes$494,514$120,005$63,994$678,513
Insurance$6,315$541,403$261$547,979
Office Expenses$319,629$68,105$65,196$452,930
Pension Plan Contributions$272,793$75,196$34,044$382,033
All Other Expenses$233,714$110,734$17,427$361,875
Information Technology$238,080$18,021$46,304$302,405
Travel$221,771$29,580$4,829$256,180
Other Expenses$108,940$23,967$55,130$188,037
Interest$102,236--$102,236
Fees for Services Legal-$84,325-$84,325
Advertising$52,991$12,405-$65,396
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Management-$31,695-$31,695
Grants to Domestic Individuals$5,902--$5,902
Fees for Services Professional Fundraising--$3,875$3,875
Total Functional Expenses$17,582,519$8,189,956$1,429,483$27,201,958
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Writers in the Schools (WITS)Houston, TX501(c)(3)Support of educational activities$50,000

International Summary

Offices
0
Employees
0
Spending
$42,210,955

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investment-00$41,823,080
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestment-00$387,875
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$245,802
Fundraising Gross Income$76,600
Professional Fundraising Fees$3,875

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party in the Park$305,059$44,400$41,295$3,105
Studio Menil Present$329,569$32,200$55,175$-22,975
Total Events$634,628$76,600$245,802$-169,202
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VManagement of investment assetsNo$213,617
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

A copy of the draft Form 990 is reviewed by management and then distributed to the Audit Committee for their review and questions before the Form 990 is filed with the IRS. The Board of Trustees has delegated this review to the Audit Committee due to the large number of members and expertise of the Board. Members of the Board of Trustees are provided a copy of the return before it is filed.

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

To monitor compliance, a conflict of interest questionnaire is circulated to officers, trustees, and key employees annually with a request to disclose interests that could give rise to conflicts of interest. Substantial business and investment holdings, including those of family members, must be disclosed. Each individual's disclosures are reviewed by the Audit Committee to determine whether any conflicts exist.

Form 990, Part VI, Section B, line 15

The compensation of the Director and CFO was approved by the Board of Trustees after review of comparability data provided by similar institutions and summarized by the American Association of Museum Directors.

Form 990, Part VI, Section C, line 19

Copies of the Menil Foundation's articles of incorporation, conflict of interest policy, and financial statements are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Menil Foundation Inc
EIN
74-6045327
Phone
7135259400
Address
1519 Branard Street, Houston, TX 77006-4721

Signing Officer

Name
Matthew Assiff
Title
CFO
Phone
7135259400
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Rabinow
Formed
1954
Legal Domicile
TX
Voting Board Members
29
Independent Board Members
28
Employees
163
Volunteers
29

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Kurt Coburn
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Pledges receivable written-off as uncollectible -2,425,001.

Financial Statement Notes

Part III, Line 1A:

The Foundation's collections, acquired through purchase and contributions, are not recognized as assets on the consolidated statement of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in net assets without donor restrictions. Contributed collection items are not reflected in the consolidated financial statements. Proceeds from sales of works of art, which are reflected as increases in net assets with donor restrictions, are used primarily to acquire other items for the collection. During fiscal years-ended June 30, 2024 and 2023, works of art with an approximate Fair Market Value of $16,700,000 and $992,000, respectively, were donated to the Foundation.

Part III, Line 4:

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.

Part V, Line 4:

Endowment funds are held with the intent of realizing investment revenue, preserving endowment purchasing power, and utilizing prudent earning amounts to fund the organization's mission.

Part X, Line 2:

The Foundation has received a determination letter from the Internal Revenue Service (IRS) that it is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code (the "Code") and is described in 509(a)(1) and 170(b)(1)(A)(vi) of the Code and, therefore, has made no provision for federal income taxes in the accompanying financial statements. Uncertain tax positions are recognized in the financial statements only if that position is more-likely-than-not of being sustained upon examination by taxing authorities, based on technical merits of the position. The Foundation has concluded that there are not uncertain tax positions, or any interest and penalties related to uncertain tax position requiring recognition in the financial statements.

Raw XML AppendixShowing 400 of 1,084 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/Desc0See 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 Fresco Building 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.
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