2013-11-15T16:00:54-06:00 2012-12-31 743001153 PMB HELIN DONOVAN LLP 5918 W COURTYARD DR SUITE 500 AUSTIN TX 78730 990 2012-01-01 742340423 THE CHINATI FOUNDATION CHIN 4327294362 PO BOX 1135 MARFA TX 79843 KELLY SUDDERTH 4327294362 2013-11-15 1 JACLYN ROBERTS P01430592 5122589670 2012 2016-03-07 17:11:31Z ANDREW COGAN PO BOX 1135 MARFA TX 79843 4422767 0 X WWW.CHINATI.ORG X 1986 TX 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. IT WAS JUDD'S GOAL TO BRING ART, ARCHITECTURE, AND THE LAND TOGETHER TO FORM A COHERENT WHOLE. 18 18 24 150 0 0 2935320 1523149 111996 145572 498314 677728 74205 98278 3619835 2444727 0 0 0 0 1085392 1273020 6697 0 287328 826196 894767 1918285 2167787 1701550 276940 13489633 14318091 182509 141792 13307124 14176299 X 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. 0 0 1020124 145572 TO 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 25 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 INTERESTS 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 COLLECTION ARE AVAILABLE WEDNESDAY THROUGH SUNDAY. CONSERVATION OF THE COLLECTION AND MAINTENANCE AND REPAIR OF THE BUILDINGS HOUSING THE COLLECTION ARE ONGOING EFFORTS. 135158 PROGRAMS: CHINATI SPONSORS PROGRAMS INITIATED BY JUDD ESTABLISHING LINKS TO THE LOCAL COMMUNITY, OTHER CULTURAL INSTITUTIONS AND UNIVERSITIES IN THE US AND ABROAD. THESE INCLUDE ARTISTS' RESIDENCIES, SUMMER ART CLASSES FOR LOCAL CHILDREN, INTERNSHIPS, TEMPORARY ART EXHIBITIONS, PUBLICATIONS AND SYMPOSIA. THE CHINATI FOUNDATION WILL CONTINUE THESE PROGRAMS HOSTING INTERNS AND ARTISTS FROM AROUND THE WORLD, PUBLISHING ITS ANNUAL NEWSLETTER WITH SCHOLARLY ESSAYS AND MUSEUM INFORMATION IN ENGLISH AND SPANISH, CONDUCTING ITS SUMMER ARTS CLASSES AND ADDITIONAL EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR FOR AREA RESIDENTS, SPONSORING SYMPOSIA (EVERY FEW YEARS) AND TEMPORARY EXHIBITIONS (ANNUALLY) RELATED TO CHINATI'S COLLECTION AND JUDD'S VISION. CHINATI'S EMPHASIS REMAINS ON THE PERMANENT COLLECTION; ITS DEVELOPMENT, MAINTENANCE AND CONSERVATION WILL BE A CORNERSTONE FOR THE MUSEUM'S EFFORTS IN THE COMING YEARS. IN ALL OF ITS ACTIVITIES THE MUSEUM IS GUIDED BY THE IDEAS OF ITS FOUNDER AND HIS PHILOSOPHICAL APPROACH THAT ART IS ESSENTIAL TO LIFE, AND CREATED WITH THE CONCERN OF ITS RELATIONSHIP TO THE CONSTRUCTED AND NATURAL ENVIRONMENT. CHINATI'S COLLECTION AND PROGRAMS REFLECT JUDD'S BELIEF OF MULTI-LAYERED WORLD, IN WHICH THE COMPONENTS ARE JOINT BUT DISTINCT. 1155282 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 54 0 24 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X KELLY SUDDERTH CPA 4327294362 1 CAVALRY ROW MARFA TX 79843 ANDREW COGAN 5.00 X X 0 0 0 ANTHONY MEIER 5.00 X X 0 0 0 RAOUL KENNEDY 5.00 X X 0 0 0 MICHAEL MAHARAM 5.00 X X 0 0 0 BROOKE ALEXANDER 2.00 X 0 0 0 DOUGLAS BAXTER 2.00 X 0 0 0 LORI CHEMLA 2.00 X 0 0 0 ARLENE DAYTON 2.00 X 0 0 0 VERNON FAULCONER 2.00 X 0 0 0 MACK FOWLER 2.00 X 0 0 0 SAM HAMILTON 2.00 X 0 0 0 WILLIAM JORDAN 2.00 X 0 0 0 TREY LAIRD 2.00 X 0 0 0 ANNABELLE SELLDORF 2.00 X 0 0 0 SIR NICHOLAS SEROTA 2.00 X 0 0 0 RICHARD SHIFF 2.00 X 0 0 0 CATHERINE WALSH 2.00 X 0 0 0 CHRISTOPHER WOOL 2.00 X 0 0 0 THOMAS KELLEIN 40.00 X X 300322 0 0 ROBERT WEINER 40.00 X 110106 0 0 410428 0 0 2 0 1 0 0 116660 77875 84410 1244204 24048 1523149 MUSEUM ADMISSIONS 900099 145572 145572 145572 527197 527197 799 799 6400 0 6400 6400 6400 2000906 1550 1851925 0 148981 1550 150531 1550 148981 14475 77875 66938 -52463 -52463 148686 59177 89509 89509 CONSERVATION 43519 43519 MISCELLANEOUS 10514 10514 54033 2444727 297863 0 623715 410428 142644 221236 46548 699357 407289 158117 133951 84412 41829 28854 13729 78823 39059 26944 12820 29721 29721 57573 57573 102530 313 102217 3636 2200 190 1246 99636 11393 71506 16737 53304 47635 5669 5538 5538 52195 49585 2610 62416 49933 9362 3121 CONTRACT SERVICES 132716 89490 1795 41431 RESTORATION/MAINTENANCE 94919 88943 5976 EDUCATIONAL PROGRAMS 74741 74741 UTILITIES 51453 46308 5145 74389 58382 3931 12076 2167787 1155282 725177 287328 314316 384011 1178591 961937 166491 93743 0 0 260393 234557 32914 31375 1569412 725765 852527 843647 6771246 7594925 3795712 3994775 117443 179121 13489633 14318091 74700 69061 27006 80803 72731 182509 141792 X 91532 1051249 206170 190628 13009422 12934422 13307124 14176299 13489633 14318091 X 276940 682235 -90000 X 0 1 X 1 0 X 1286655 1518979 1566104 2857845 1447624 8677207 1286655 1518979 1566104 2857845 1447624 8677207 3233028 5444179 220527 274218 271581 452276 534396 1752998 5784 383 33016 54032 93215 10523420 0.51730 0.47240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 11566753 190589 1192375 475000 57573 12417144 10564491 1640836 -137172 440000 60402 11566753 9147777 686540 1156655 375000 51481 10564491 7089139 794506 1616225 300000 52093 9147777 10383137 400065 -3206744 402400 84919 7089139 1.00000 0 0 236487 236487 949413 725765 223648 328803 328803 54709 54709 843647 INVESTMENT GRADE FIXED INCOME 2783055 F OTHER FIXED INCOME 1211720 F 3994775 3253076 682235 126114 808349 2444727 0 2444727 2293901 126114 126114 2167787 0 2167787 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 66,937. COST OF GOODS SOLD 59,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 66,937. COST OF GOODS SOLD 59,177. BENEFIT DINNER 92350 77875 14475 15687 5520 45731 92350 77875 14475 15687 5520 45731 66938 -52463 X X X X X 1 0 0 0 0 0 0 0 0 THOMAS KELLEIN 75322 0 0 0 225000 0 0 0 0 0 300322 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 OFFICER ENSURE THAT CURRENT EMPLOYEES AND DIRECTORS HAVE UPDATED THEIR RESPONSES TO THE CONFLICT OF INTEREST DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 WITHIN THE LAST FOUR YEARS, THE ORGANIZATION ENGAGED A CONSULTING FIRM WITH EXPERTISE IN COMPENSATION STUDY OF ALL PERSONNEL (DIRECTORS ARE NOT COMPENSATED). 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 INTERST 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: COLLECTION ITEMS NOT CAPITALIZED -90,000.