2023-11-07T09:01:53-06:00 2022-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-01-01 226799567 RUBIN MUSEUM OF ART AKA THE SHELLEY & DONALD RUBIN CULTURAL TRUST RUBI 2126205000 150 WEST 17TH STREET NEW YORK NY 10011 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 2126205000 2023-11-02 1 MARILENA CHRISTODOULOU 999009999 0 CHRIS BELLANDO P00541714 2126972299 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JORRIT BRITSCHGI 150 WEST 17TH STREET NEW YORK NY 10011 21418695 0 X WWW.RUBINMUSEUM.ORG X 1999 NY THE RUBIN MUSEUM OF ART IS A DYNAMIC ENVIRONMENT THAT STIMULATES LEARNING, PROMOTES UNDERSTANDING, AND INSPIRES PERSONAL CONNECTIONS TO THE IDEAS, CULTURES, AND ART OF HIMALAYAN ASIA. 13 13 65 50 0 0 3398875 2440825 267579 369396 16845644 4651579 350586 697435 20862684 8159235 0 0 0 0 5433960 5717798 46667 64233 1007334 6080265 8256696 11560892 14038727 9301792 -5879492 219341965 177744762 1018530 1869377 218323435 175875385 X THE RUBIN MUSEUM OF ART IN CHELSEA, NEW YORK CITY, EXPLORES AND CELEBRATES HIMALAYAN ART, CULTURES, AND IDEAS ACROSS HISTORY AND INTO THE PRESENT. WITH ITS GLOBALLY RENOWNED COLLECTION, CENTERED LARGELY AROUND ART FROM THE TIBETAN PLATEAU, THE RUBIN FOSTERS UNDERSTANDING AND APPRECIATION OF HIMALAYAN ART BY INTERPRETING AND RELATING IT TO OUR SHARED HUMAN EXPERIENCE TODAY. INSPIRED BY THE TENETS OF BUDDHISM, HINDUISM, AND INDIGENOUS RELIGIONS, AND ALIGNED WITH ONGOING RESEARCH INTO LEARNING, BEHAVIOR, AND THE BRAIN, THE RUBIN OFFERS INNOVATIVE EXHIBITIONS AND PROGRAMS THAT EXAMINE PROVOCATIVE IDEAS ACROSS THE ARTS AND EXPLORE THE MIND. THROUGH THIS WORK, THE MUSEUM SERVES AS A SPACE FOR REFLECTION AND PERSONAL TRANSFORMATION, OPENING WINDOWS TO INNER WORLDS SO VISITORS CAN BETTER NAVIGATE OUTER ONES. 0 0 4971165 290513 EXHIBITIONS AND INSTALLATIONS IN 2022, WE CENTERED OUR OFFERINGS ON THE UNIVERSAL THEME OF HEALING AND ITS MANY FORMS, AIMING TO EMPOWER, INSPIRE, AND GUIDE VISITORS TOWARD POSITIVE ACTION AND A BALANCED, COMPASSIONATE WORLD. IN MARCH VISITORS ENCOUNTERED THE EXHIBITION HEALING PRACTICES: STORIES FROM HIMALAYAN AMERICANS, WHERE OBJECTS FROM THE COLLECTION WERE SET ALONGSIDE PERSONAL STORIES AND EXPERIENCES FROM HIMALAYAN AMERICANS, HIGHLIGHTING THE DIVERSE WAYS THAT TIBETAN BUDDHIST ARTWORKS AND PRACTICES SERVE AS ROAD MAPS TO WELL-BEING. THE RUBIN ALSO PRESENTED EXHIBITIONS OUTSIDE OF THE MUSEUM'S WALLS, CONNECTING WITH AUDIENCES ACROSS THE WORLD. IN APRIL, THE RUBIN HELPED BRING TO LIFE THE FIRST-EVER NEPAL PAVILION AT THE VENICE BIENNALE, TALES OF MUTED SPIRITS - DISPERSED THREADS - TWISTED SHANGRI-LA, FEATURING THE WORK OF ARTIST TSHERIN SHERPA. IN JUNE, A TRAVELING VERSION OF THE MANDALA LAB INSTALLATION OPENED IN A PUBLIC PARK IN BILBAO, SPAIN, WHERE IT SAW 18,000 VISITORS IN 17 DAYS. 1967089 78883 PUBLIC PROGRAMS, EDUCATION AND VISITOR ENGAGEMENT:THE RUBIN'S PUBLIC PROGRAMS OFFER OUR DIVERSE AUDIENCES MEANINGFUL WAYS TO ENGAGE WITH THE ART AND CULTURES OF THE HIMALAYAS. IN 2022, MANY PROGRAMS RETURNED IN PERSON INCLUDING THE ANNUAL BRAINWAVE TALK SERIES, FAMILY SUNDAYS PROGRAM, AND VIBRANT K2 FRIDAY NIGHTS, WHICH OFFERS FREE ADMISSION AND TOURS ACCOMPANIED BY MUSIC, COCKTAILS, AND ENTERTAINMENT. WE CONTINUED TO OFFER ONLINE PROGRAMMING WITH OUR WEEKLY MINDFULNESS MEDITATION AND THE LAUNCH OF AWAKEN PODCAST SEASON TWO, HOSTED BY RAVEENA AURORA, WHICH RECEIVED ON AVERAGE 6,000 LISTENS PER EPISODE. WE SERVED VISITORS WITH ALZHEIMER'S AND DEMENTIA AND THEIR CARE PARTNERS, AS WELL AS OVER 2,400 FAMILIES AND CHILDREN, OFFERING THEM CUSTOM OFFERINGS INFORMED BY MINDFULNESS AND HIMALAYAN ART AND CULTURES. WE WORKED WITH 850 LOW-INCOME STUDENTS IN SCHOOLS AS PART OF OUR MATH AND MANDALAS RESIDENCY PROGRAM AND WITH 88 EDUCATORS, PROVIDING THEM WITH AN ENTRE TO SOCIAL, EMOTIONAL, AND ETHICAL (SEE) LEARNING. IN 2022, A NEW PARTNERSHIP WAS FORMED WITH NYU'S GRADUATE ART THERAPY PROGRAM AT STEINHARDT TO PROVIDE DROP-IN ART WORKSHOPS FOCUSED ON CREATIVITY, REFLECTION, AND WELL-BEING. 1261652 PUBLIC RELATIONS AND MARKETINGIN 2022, THE RUBIN REACHED A GROWING AND CONNECTED GLOBAL AUDIENCE THROUGH OUR DIGITAL INITIATIVES. WE PUBLISHED THE SIXTH EDITION OF SPIRAL, OUR FREE ANNUAL PRINT AND ONLINE MAGAZINE, WHICH RECEIVED OVER 11,000 DIGITAL VIEWS. THE RUBIN'S IMPACT EXTENDED THROUGH VARIOUS DIGITAL PLATFORMS WITH MORE THAN 293,398 FOLLOWERS, AND A DIGITAL REACH OF MORE THAN 8 MILLION. 748402 190070 PUBLICATIONS, AND SHOP, OTHER MISC. 748402 190070 8948308 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 141 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MARILENA CHRISTODOULOU 2126205000 150 WEST 17TH STREET NEW YORK NY 10011 SHELLEY RUBIN CHAIR 3.00 X X 0 0 0 NOAH P DORSKY BOARD PRESIDENT 3.00 X X 0 0 0 JORRIT BRITSCHGI SECRETARY/EXEC. DIRECTOR (SEE P VII SECTION B) 40.00 X 0 0 0 ROBERT M BAYLIS TRUSTEE 3.00 X 0 0 0 CHRISTOPHER J FUSSNER TRUSTEE 1.00 X 0 0 0 SCOTT GRINSELL TRUSTEE 1.00 X 0 0 0 MICHAEL MOSER TRUSTEE 1.00 X 0 0 0 MICHAEL MCCORMICK TRUSTEE 1.00 X 0 0 0 TSHERIN SHERPA TRUSTEE 1.00 X 0 0 0 TONG-TONG ZHU TRUSTEE 1.00 X 0 0 0 BASHA FROST RUBIN TRUSTEE 1.00 X 0 0 0 NAMITA SARAF TRUSTEE 1.00 X 0 0 0 ERIC SCHOENBERG TRUSTEE 1.00 X 0 0 0 EILEEN CAULFIELD SCHWAB TRUSTEE 1.00 X 0 0 0 JESSE SMITH TRUSTEE 1.00 X 0 0 0 MARILENA CHRISTODOULOU DEPUTY EXEC. DIR./CHIEF FINANCIAL & OPER. OFFICER 40.00 X 273986 0 79543 TIMOTHY MCHENRY DEPUTY EXECUTIVE DIR./CHIEF PROGRAMMATIC OFFICER 40.00 X 237409 0 61933 MICHELLE B SIMORELLA DIRECTOR OF CURATORIAL ADMINISTRATION & COLLECTION 40.00 X 170169 0 50712 DONNA LEE KELLY DIRECTOR OF DEVELOPMENT 40.00 X 168384 0 47333 ELKE C DEHNER DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 X 163053 0 47095 JAMIE LAWYER DIRECTOR OF VISITOR EXPERI 40.00 X 151300 0 47977 HAZEL P KING HEAD OF HUMAN RESOURCES 40.00 X 118115 0 31102 1282416 0 365695 15 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY CONTRACT SERVICES 553030 VAJRADHATU GMBH OBERE PLESSURSTRASSE 25 7000 CHUR SZ CONTRACTUAL EXEC. DIRECTOR (PART VII SEC 426000 UOVO LLC 41-54 22ND STREET LONG ISLAND CITY NY 11101 ART STORAGE 359718 DECORACION Y PAISAJE SA CALLE SIERRA DE GUADARRAMA 80 ES EXHIBITION FABRICATION, INSTALLATION, ST 351868 UNITED SERVICES OF AMERICA INC 855 MAIN STREET SUITE 905 BRIDGEPORT CT 06604 CONTRACT HOUSEKEEPING SERVICES 184736 12 312642 127230 2000953 26335 2440825 MUSEUM ADMISSION FEES 713990 290513 290513 PROGRAM FEES 713990 78883 78883 369396 3167746 3167746 1371066 863701 507365 507365 507365 13704543 12220710 1483833 1483833 1483833 321896 175049 146847 146847 MISCELLANEOUS REVENUE 900099 43223 43223 43223 8159235 559466 0 5158944 X 652871 318637 330747 3487 3959967 2269151 1235959 454857 28422 2331 20075 6016 725322 418695 227318 79309 351216 196912 118724 35580 426000 170400 255600 1800 1800 59258 59258 64233 64233 100030 100030 2540323 1886301 590767 63255 227333 224332 1881 1120 885447 500385 331051 54011 785682 520808 211895 52979 98147 38728 59199 220 72567 33801 31719 7047 1884899 1365122 386378 133399 155617 122974 24474 8169 PROGRAM & SUPPORTING SE 637110 572783 46132 18195 OTHER PROGRAMMATIC SUPP 230000 230000 PUBLICATIONS, SUBSCRIPT 152483 76948 50078 25457 14038727 8948308 4083085 1007334 292001 535671 585332 323843 1237991 1178108 78257 205111 593585 788115 152817 307126 65465357 35087952 32405627 30377405 183848560 143431814 147795 93148 0 504421 219341965 177744762 925133 1244352 11000 22375 82397 602650 1018530 1869377 X 179036863 144633325 39286572 31242060 218323435 175875385 219341965 177744762 X -5879492 -36468558 -100000 X 0 1 X 1 0 X 1842050 2984814 3214235 3398875 2440825 13880799 1842050 2984814 3214235 3398875 2440825 13880799 693759 13187040 5713749 5258770 4039193 5376489 4538812 24927013 69623 163264 71121 57003 43223 404234 39212046 4518702 0.33630 0.32250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 172681400 -30416184 5000000 137265216 162467343 23214057 13000000 172681400 146085283 24382060 8000000 162467343 122205274 28880009 5000000 146085283 135889014 -8683740 5000000 122205274 0.78134 0.18213 0.03653 0 0 378750 3595496 3974246 2146250 18737864 12355775 8528339 2025640 34928734 19175424 17778950 2428186 2356596 71590 51077 1173360 1200157 24280 30377405 TENANT SECURITY DEPOSITS 89272 OPERATING LEASE LIABILITY 513378 602650 -27370603 -36468558 -36468558 9097955 100030 -1038750 -938720 8159235 14977447 1038750 1038750 13938697 100030 100030 14038727 PART III, LINE 1A: THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES WOULD BE REFLECTED ON THE STATEMENTS OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. FUNDS RECEIVED FROM THE DISPOSAL OF A DEACCESSIONED WORK SHALL NOT BE USED FOR OPERATING EXPENSES OR CAPITAL EXPENSES. SUCH FUNDS, INCLUDING ANY EARNINGS AND APPRECIATION THEREON, MAY BE USED ONLY FOR THE ACQUISITION OF WORKS IN A MANNER CONSISTENT WITH THIS COLLECTION MANAGEMENT POLICY ON RESTRICTED ACQUISITION FUNDS. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF MORE THAN 3,300 OBJECTS IS CONSIDERED TO BE THE MOST EXTENSIVE OF ITS KIND IN THE WEST. IT INCLUDES HIMALAYAN PAINTINGS, SCULPTURE, RITUAL OBJECTS, AND PRINTS SPANNING THE PERIOD FROM THE 2ND CENTURY TO THE 21ST CENTURY. THE COLLECTION IS THE BASIS OF THE MUSEUM'S EXHIBITIONS, EDUCATION AND PUBLIC PROGRAMS WHICH ARE VIEWED AND ENJOYED BY APPROXIMATELY 200,000 PEOPLE PER YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -175,049. EXPENSES - RESIDENTIAL APARTMENTS -863,701. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 175,049. EXPENSES - RESIDENTIAL APARTMENTS 863,701. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 CONTRACTUAL EXECUTIVE DIRECTOR SERVICES 431058 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 3 PROGRAM SERVICES NEPAL PAVILION AT VENICE BIENNALE (ITALY) 172089 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 2 PROGRAM SERVICES MANDALA LAB EXHIBITION (SPAIN) 543608 SOUTH ASIA 0 2 PROGRAM SERVICES KATHMANDU TRIENNIAL (NEPAL); ITUM BAHAL EXHIBITION SUPPORT (NEPAL); ARTWORK RETURN (NEPAL) 74707 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 3 SEMINARS / CONFERENCES IATS CONFERENCE (CZECH REPUBLIC) 9808 NORTH AMERICA 0 5 SEMINARS / CONFERENCES HIMALAYAN STUDIES CONFERENCE (CANADA) 4628 0 16 0 0 0 16 1235898 0 1235898 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X 1 DEVELOPMENT GUILDDDI INC ONE BOSTON PLACE 2600 BOSTON MA 02108 FUNDRAISING COUNSEL 0 0 35000 0 DANA BOLL 166 AVENUE A NEW YORK NY 10009 FUNDRAISING COUNSULTANT 0 0 29233 0 64233 X X 0 0 0 0 0 0 0 0 0 MARILENA CHRISTODOULOU DEPUTY EXEC. DIR./CHIEF FINANCIAL & 246918 0 22000 0 5068 0 34415 0 45128 0 353529 0 22000 0 TIMOTHY MCHENRY DEPUTY EXECUTIVE DIR./CHIEF PROGRAMM 216503 0 19500 0 1406 0 30964 0 30969 0 299342 0 19500 0 MICHELLE B SIMORELLA DIRECTOR OF CURATORIAL ADMINISTRATIO 155963 0 14000 0 206 0 22251 0 28461 0 220881 0 14000 0 DONNA LEE KELLY DIRECTOR OF DEVELOPMENT 153223 0 13500 0 1661 0 21559 0 25774 0 215717 0 13500 0 ELKE C DEHNER DIRECTOR OF MARKETING & COMMUNICATIO 149363 0 13500 0 190 0 20937 0 26158 0 210148 0 13500 0 JAMIE LAWYER DIRECTOR OF VISITOR EXPERI 140693 0 10500 0 107 0 19746 0 28231 0 199277 0 0 0 VAJRADHATU GMBH COMPANY OF EXECUTIVE MANAGEMENT CONSULTANT 426000 EXECUTIVE MANAGEMENT CONSULTANT 0 X 1 26335 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD DELEGATES AUTHORITY TO ACT ON ITS BEHALF BETWEEN MEETINGS OF THE BOARD OF TRUSTEES TO A 9 MEMBER EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWERS OF THE TRUSTEES EXCEPT IT MAY NOT AUTHORIZE ANY ACTION WHICH REQUIRES THE VOTE OF AT LEAST TWO-THIRD OF THE TRUSTEES UNDER THE RUBIN MUSEUM OF ART'S GOVERNING DOCUMENT. ALL 9 MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 DONALD RUBIN, SHELLEY RUBIN AND BASHA RUBIN HAVE A FAMILY RELATIONSHIP. BASHA RUBIN AND SCOTT GRINSELL HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 3 THE MUSUEM HAS CONTRACTED WITH THE COMPANY OF THE JORRIT BRITSCHGI TO ACT AS ITS EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDER SHELLEY RUBIN, HAS THE RIGHT TO APPOINT UP TO TWO TRUSTEES TO THE BOARD PROVIDED SUCH TRUSTEES ARE FAMILY MEMBERS OF HER FAMILY. TO-DATE, SHELLEY RUBIN HAS APPOINTED BASHA RUBIN MEMBER OF TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE RUBIN MUSEUM OF ART'S AUDITORS, REVIEWED BY THE DEPUTY EXECUTIVE DIRECTOR/CFO & COO AND EMAILED TO THE FULL BOARD OF TRUSTEES 3 WEEKS PRIOR TO THE DUE DATE, LEAVING 3 WEEKS FOR TRUSTEES' QUESTIONS OR COMMENTS. IT IS THEN FILED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE RUBIN MUSEUM OF ART'S "CODE OF ETHICS FOR TRUSTEES, EMPLOYEES AND VOLUNTEERS" IS AGREED AND ACCEPTED IN WRITING BY ALL SUCH INDIVIDUALS WHEN THEY JOIN THE ORGANIZATION IN THEIR RESPECTIVE CAPACITIES. IN ACCORDANCE WITH THE PROVISIONS OF THIS POLICY, EACH TRUSTEE AND EMPLOYEE WITH MANAGERIAL RESPONSIBILITIES IS FURNISHED A COPY OF THIS CODE OF ETHICS AT LEAST ANNUALLY AND REQUESTED TO COMPLETE AND FILE WITH THE ORGANIZATION AN "ANNUAL CONFLICT OF INTEREST STATEMENT". THE DEPUTY EXECUTIVE DIRECTOR, CFO & COO REVIEWS ALL SUCH STATEMENTS AND, IF THERE IS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE DEPUTY EXECUTIVE DIRECTOR, CFO & COO BRINGS IT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED TO ESTABLISH COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES INCLUDES REVIEW OF COMPENSATION FOR SIMILAR POSITIONS AT COMPARABLE MUSEUMS AND CHARITIES IN THE NEW YORK METROPOLITAN AREA; THE CPI FOR NYC; PERFORMANCE EVALUATIONS; AND RELATIVE PARITY WITHIN THE ORGANIZATION. THIS INFORMATION WAS PRESENTED TO THE EXECUTIVE DIRECTOR BY THE DEPUTY EXECUTIVE DIRECTOR, CFO & COO FOR THE YEAR ENDED 12/31/2022. THE COMPENSATION FOR ALL EMPLOYEES WAS THEN APPROVED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN FOR EXECUTIVE MANAGEMENT TEAM (OFFICERS AND KEY EMPLOYEES) IN DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE RUBIN MUSEUM OF ART'S FINANCIAL STATEMENTS ARE MADE PUBLIC IN ITS ANNUAL REPORT WHICH IS ALSO POSTED ON ITS WEBSITE. ITS TAX RETURN IS PUBLIC INFORMATION ON GUIDESTAR AND OTHER ORGANIZATIONS THAT MONITOR NOT-FOR-PROFITS. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,214,495. MANAGEMENT AND GENERAL EXPENSES 388,391. FUNDRAISING EXPENSES 50,033. TOTAL EXPENSES 1,652,919. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 671,806. MANAGEMENT AND GENERAL EXPENSES 202,376. FUNDRAISING EXPENSES 13,222. TOTAL EXPENSES 887,404. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED -100,000.