Civic Intelligence

Menil Foundation Inc.

990 • Fiscal year 2022 • EIN 74-6045327

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 24, 2023

1519 Branard StreetHouston, TX 77006-4721

(713) 525-9400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.04x

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

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

31st percentile

$519,326

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

44th percentile

-4.6%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-11%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Down

$868,135,377

Down $41,941,128 (-4.6%) from 2021

Net Assets

Down

$866,764,161

Down $39,743,246 (-4.4%) from 2021

Liabilities

Down

$1,371,216

Down $2,197,882 (-62%) from 2021

Revenue

Down

$38,703,533

Down $4,639,130 (-11%) from 2021

Expenses

Up

$24,501,749

Up $1,619,987 (+7.1%) from 2021

Net Income

Down

$14,201,784

Down $6,259,117 (-31%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$868,135,377
Liabilities$1,371,216
Net Assets$866,764,161

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$38,703,533
Expenses$24,501,749
Net Income$14,201,784
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 24, 2023
Return Version
2021v4.2
Gross Receipts
$70,097,569
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$258,152,685$198,383,098▼ $59,769,587
Investments Other Securities$122,081,083$143,310,050▲ $21,228,967
Land, Buildings, and Equipment, Net$107,349,472$105,536,910▼ $1,812,562
Savings and Temporary Cash Investments$6,620,396$5,562,182▼ $1,058,214
Pledges and Grants Receivable$6,339,604$5,335,462▼ $1,004,142
Prepaid Expenses and Deferred Charges$853,173$697,590▼ $155,583
Accounts Receivable$1,922,452$219,546▼ $1,702,906
Inventories for Sale or Use$145,647$153,377▲ $7,730
Total Assets$910,076,505$868,135,377▼ $41,941,128
Other Assets Total$406,611,993$408,937,162▲ $2,325,169
Liabilities
Accounts Payable and Accrued Expenses$3,569,098$1,371,216▼ $2,197,882
Total Liabilities$3,569,098$1,371,216▼ $2,197,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$578,799,607$565,452,443▼ $13,347,164
Net Assets With Donor Restrictions$327,707,800$301,311,718▼ $26,396,082
Total Net Assets Fund Balance$906,507,407$866,764,161▼ $39,743,246
Total Liabilities and Net Assets / Fund Balance$910,076,505$868,135,377▼ $41,941,128

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$72,201,462$54,145,845$126,347,307
Land$29,181,519-$29,181,519
Equipment$4,153,929$12,817,612$16,971,541
Other Assets Org$408,937,162--
Other Securities$30,746,424--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2018$289,080,017$14,376,626▲ $12,223,104$360,954$315,318,793
2017$267,873,983$3,083,217▲ $18,526,731$403,914$289,080,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca RabinowDirectorFT$484,614$34,712$519,326
Ileana Del ToroCFOFT$181,377$40,052$221,429
Edouard KoppChief Curator, MDIFT$166,411$33,952$200,363
Judith WatersDirector of DevelopmentFT$162,497$24,520$187,017
Suzanne MalochDirector of Human ResourcesFT$146,449$32,939$179,388
Bradford EpleyChief ConservatorFT$141,591$23,505$165,096
Susan AndersonDirector of Collection ManagementFT$118,603$26,074$144,677

Highest Paid Contractors

ContractorServicesLocationCompensation
Zamore Homes LLCConstruction design1501 Laird Street, Houston, TX 77008$869,670
Brightview Landscapes LLCLandscapesPO Box 31001-2463, Pasadena, CA 91110-2463$461,333
Marek Brothers Systems IncConstructionPO Box 301828, Dallas, TX 75303-1828$381,408
Johnson ControlsControls techniciansPO Box 730068, Dallas, TX 75373$239,810
Prime Buchholz ConsultingInvestment management273 Corporate Dr 250, Portland, OR 03801$235,559
Revenue and Support

Revenue Composition

Contributions and Grants
$8,838,764
Program Service Revenue
$1,942,414
Investment Income
$27,993,797
Other Revenue
$-71,442
All Other Contributions
$7,256,783
Change in Net Assets
$14,201,784

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
Works of Art42$1,624,700Appraisal
Securities Publicly Traded48$1,109,873Sales proceeds
Other Non Cash Contri Table1$100Fair Market Value (FMV)
Total Noncash Contributions91$2,734,673-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,952,307
Salaries, Compensation, and Employee Benefits$10,485,789
Total Fundraising Expense$1,197,516
Grants and Similar Amounts Paid$51,500
Professional Fundraising Fees$12,153

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,088,973$1,415,453$767,836$7,272,262
Depreciation Depletion$227,095$3,966,879$6,538$4,200,512
Occupancy$2,342,230$73,985$70,843$2,487,058
Other Employee Benefits$1,229,314$265,519$92,327$1,587,160
Fees for Service Investment Mgmnt Fees-$830,369-$830,369
Current Officers, Directors, Trustees, and Key Employees$529,614$184,880-$714,494
Fees for Services Other$433,925$225,397$17,927$677,249
Payroll Taxes$417,466$94,904$57,444$569,814
Insurance$7,882$536,023$319$544,224
Pension Plan Contributions$247,449$66,765$27,845$342,059
Office Expenses$186,279$83,501$65,003$334,783
Information Technology$149,380$21,586$40,890$211,856
Travel$94,189$34,494$7,056$135,739
Fees for Services Accounting-$127,420-$127,420
Other Expenses$72,190$18,892$31,319$122,401
Advertising$69,142$11,556-$80,698
Fees for Services Legal$1,939$54,084-$56,023
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Professional Fundraising--$12,153$12,153
Grants to Domestic Individuals$1,500--$1,500
Total Functional Expenses$15,091,446$8,212,787$1,197,516$24,501,749
International Activity

Grant and Assistance Recipients

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

International Summary

Offices
0
Employees
0
Spending
$51,491,217

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$50,039,870
Europe (Including Iceland & Greenland)Investment-00$1,451,347
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$198,740
Fundraising Gross Income$96,300
Professional Fundraising Fees$12,153

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party in the Park$289,900$50,700$19,522$31,178
Studio Menil Presents$397,300$45,600$66,910$-21,310
Total Events$687,200$96,300$198,740$-102,440
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$229,392
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
Ileana Del Toro
Title
CFO
Phone
7135259400
Signed
2023-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Rabinow
Formed
1954
Legal Domicile
TX
Voting Board Members
28
Independent Board Members
27
Employees
158
Volunteers
28

Preparer

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

Financial Statement Notes

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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Louisa Stude Sarofim
IRS990/Form990PartVIISectionAGrp/PersonNm1Janet M Hobby
IRS990/Form990PartVIISectionAGrp/PersonNm2Doug L Lawing
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark Wawro
IRS990/Form990PartVIISectionAGrp/PersonNm4James W Stewart Jr
IRS990/Form990PartVIISectionAGrp/PersonNm5Michael Zilkha
IRS990/Form990PartVIISectionAGrp/PersonNm6Nancy Abendshein
IRS990/Form990PartVIISectionAGrp/PersonNm7Eddie R Allen III
IRS990/Form990PartVIISectionAGrp/PersonNm8Suzanne Deal Booth
IRS990/Form990PartVIISectionAGrp/PersonNm9Clare T Casademont
IRS990/Form990PartVIISectionAGrp/PersonNm10Hilda Curran
IRS990/Form990PartVIISectionAGrp/PersonNm11David Fitch
IRS990/Form990PartVIISectionAGrp/PersonNm12Aziz Friedrich
IRS990/Form990PartVIISectionAGrp/PersonNm13Barbara Goot-Gamson
IRS990/Form990PartVIISectionAGrp/PersonNm14Cecily Horton
IRS990/Form990PartVIISectionAGrp/PersonNm15Caroline Huber
IRS990/Form990PartVIISectionAGrp/PersonNm16Janie C Lee
IRS990/Form990PartVIISectionAGrp/PersonNm17Alison Leland
IRS990/Form990PartVIISectionAGrp/PersonNm18Isabel Lummis
IRS990/Form990PartVIISectionAGrp/PersonNm19Francois de Menil
IRS990/Form990PartVIISectionAGrp/PersonNm20Clemence Molin
IRS990/Form990PartVIISectionAGrp/PersonNm21Benedicte de Montlaur
IRS990/Form990PartVIISectionAGrp/PersonNm22Franci Neely
IRS990/Form990PartVIISectionAGrp/PersonNm23Marilyn Oshman
IRS990/Form990PartVIISectionAGrp/PersonNm24William E Pritchard III
IRS990/Form990PartVIISectionAGrp/PersonNm25David Ruiz
IRS990/Form990PartVIISectionAGrp/PersonNm26Leslie Elkins Sasser
IRS990/Form990PartVIISectionAGrp/PersonNm27Anne Schlumberger
IRS990/Form990PartVIISectionAGrp/PersonNm28Rebecca Rabinow
IRS990/Form990PartVIISectionAGrp/PersonNm29Ileana Del Toro
IRS990/Form990PartVIISectionAGrp/PersonNm30Bradford Epley
IRS990/Form990PartVIISectionAGrp/PersonNm31Suzanne Maloch
IRS990/Form990PartVIISectionAGrp/PersonNm32Susan Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm33Edouard Kopp
IRS990/Form990PartVIISectionAGrp/PersonNm34Judith Waters
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair Emerita
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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