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Nonprofiteer
← CLYFFORD STILL MUSEUM FOUNDATION

Form 990 for tax year 2025

Filed by CLYFFORD STILL MUSEUM FOUNDATION.

Totals

Total revenue
$4,789,403
Total expenses
$5,732,744
Contributions and grants received
$0
Grants paid
$4,833,104
Program service revenue
$0
Investment income
$4,644,305
Other revenue
$145,098
Total assets, end of year
$168,536,037
Total liabilities, end of year
$416,789
Net assets or fund balances, end of year
$168,119,248
Program services expenses (Part IX)
$4,833,104
Management and general expenses
$899,640
Fundraising expenses
$0
Program service expenses (Part III)
$4,833,104

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,174,606 · unrelated business -$22,784 · excluded $2,197,390

  • 6a · Gross rents

    real property $145,098

  • 6c · Rental income or loss

    real property $145,098

  • 6d · Net rental income or loss

    total $145,098 · excluded $145,098

  • 7a · Gross sales of assets other than inventory

    securities $2,469,699

  • 7c · Gain or loss

    securities $2,469,699

  • 7d · Net gain or loss

    total $2,469,699 · excluded $2,469,699

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,833,104 · program services $4,833,104

  • 11f · Fees: investment management

    total $830,733 · management and general $830,733

  • 11g · Fees: other

    total $39,707 · management and general $39,707

  • 23 · Insurance

    total $11,656 · management and general $11,656

  • 24a · Other expenses: SHARED ADMIN EXPENSES

    total $17,544 · management and general $17,544

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,908,365 · end of year $7,829,748

  • 11 · Investments: publicly traded securities

    beginning of year $68,766,682 · end of year $79,941,907

  • 12 · Investments: other securities

    beginning of year $71,983,978 · end of year $78,206,242

  • 15 · Other assets

    beginning of year $2,567,820 · end of year $2,558,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,722 · end of year $4,722

  • 25 · Other liabilities

    beginning of year $550,785 · end of year $412,067

  • 27 · Net assets without donor restrictions

    beginning of year $447,038 · end of year $378,131

  • 28 · Net assets with donor restrictions

    beginning of year $151,224,300 · end of year $167,741,117

Mission and programs · 2025

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CLYFFORD STILL MUSEUM, A COLORADO NONPROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CLYFFORD STILL MUSEUM, A COLORADO NONPROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: (A) TO RECEIVE CONTRIBUTIONS FROM ANY SOURCE WHATSOEVER AND TO ESTABLISH, MAINTAIN AND ADMINISTER AN ENDOWMENT FUND FOR THE EXCLUSIVE BENEFIT OF CLYFFORD STILL MUSEUM. (B) SUBJECT TO THE TERMS OF ANY SPECIFIC GIFT, GRANT, BEQUEST OR DEVISE, TO MAKE DISTRIBUTIONS FROM SUCH ENDOWMENT FUND EXCLUSIVELY FOR THE SUPPORT OF CLYFFORD STILL MUSEUM FOR ITS CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES AND FOR ITS CUSTODY OF AND CARE FOR THE CLYFFORD STILL MUSEUM COLLECTIONS.

  • DURING 2025, THE FOUNDATION MADE GRANTS TOTALING 4,833,104 TO THE CLYFFORD STILL MUSEUM FOR ART CONSERVATION AND GENERAL OPERATING SUPPORT.

    Expenses $4,833,104 · Grants $4,833,104

As filed on the 2025 return.

Listed in Part VII

  • Harold R Logan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Daniel Benel

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Marshall F Wallach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Carla Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jon-Erik Borgen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Susanah Drake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Christopher Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Joyce Tsai

    ASSISTANT VP

    Total calculated
    $335,674
    From this org
    $0
    From related orgs
    $297,974
    Other
    $37,700
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $297,974 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,292 related
    Nontaxable benefits
    not reported + $15,408 related
    Filer's total
    not reported + $335,674 related

  • Anna Boatwright

    ASSISTANT SE

    Total calculated
    $214,053
    From this org
    $0
    From related orgs
    $204,769
    Other
    $9,284
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $204,769 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,174 related
    Nontaxable benefits
    not reported + $1,110 related
    Filer's total
    not reported + $214,053 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
SCHEDULE J, PART I, LINE 4B JOYCE TSAI PARTICIPATES IN AN UNFUNDED 457F DEFERRED COMPENSATION PLAN (THE PLAN). 24,039 WAS CREDITED TO THE PLAN DURING 2025 FOR MS. TSAI.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BANNOCK ACQUISITION LLC

    REAL ESTAT · DE · income $145,098 · assets $5,061,600

    Directly controlled by CLYFFORD S

Provenance

Return type
form_990
Tax year
2025
Filed
27 May 2026
IRS schema version
2025v4.0
Source object
202611479349300126

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