2022-11-04T15:13:44-05:00 2021-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-01-01 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 2022-11-03 1 MARILENA CHRISTODOULOU 999009999 CHRIS BELLANDO P00541714 2126972299 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JORRIT BRITSCHGI 150 WEST 17TH STREET NEW YORK NY 10011 29839457 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. 16 16 67 70 0 0 3214235 3398875 135432 267579 6919803 16845644 272013 350586 10541483 20862684 0 0 0 0 6145755 5433960 56659 46667 990591 5399050 6080265 11601464 11560892 -1059981 9301792 203403546 219341965 810711 1018530 202592835 218323435 X THE RUBIN MUSEUM OF ART EXPLORES AND CELEBRATES THE DIVERSITY AND UNIQUENESS OF HIMALAYAN ART, IDEAS, AND CULTURE ACROSS HISTORY AND INTO THE PRESENT. WITH ITS GLOBALLY RENOWNED COLLECTION, LARGELY DRAWN FROM THE TIBETAN PLATEAU AND SURROUNDING AREAS, THE RUBIN FOSTERS AN UNDERSTANDING AND APPRECIATION OF THIS REGION BY RELATING ITS ART AND IDEAS TO OUR SHARED HUMAN EXPERIENCE TODAY. INSPIRED BY THE PHILOSOPHICAL TRADITIONS OF BUDDHISM AND HINDUISM 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 3423896 242347 EXHIBITIONS AND INSTALLATIONS IN 2021 WE CENTERED OUR OFFERINGS ON THE UNIFYING IDEA OF AWAKENING, EXPLORING HOW TO BROADEN OUR PERSPECTIVE, UNDERSTAND OUR EMOTIONS, AND CULTIVATE EMPATHY. IN MARCH VISITORS ENCOUNTERED AWAKEN: A TIBETAN BUDDHIST JOURNEY TOWARD ENLIGHTENMENT, THE MUSEUM'S FIRST NEW EXHIBITION IN THE GALLERIES SINCE THE START OF THE PANDEMIC. THE EXHIBITION FEATURED THIRTY-FIVE TRADITIONAL OBJECTS FROM THE SEVENTH TO TWENTY-FIRST CENTURY THAT SHOWCASED THE POWER OF TIBETAN BUDDHIST ART TO HELP PRACTITIONERS FOCUS AND REFINE AWARENESS. LATER WE OPENED TWO NEW CONTEMPORARY INSTALLATIONS BY ARTISTS ROHINI DEVASHER AND PALDEN WEINREB IN DIALOGUE WITH THE TIBETAN BUDDHIST SHRINE ROOM. BOTH ARTISTS INVITE CONTEMPLATION ON THE BOUNDARIES OF HUMAN PERCEPTION AND OUR PLACE IN THIS EARTHLY REALM. 1993400 25232 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 2021 WE CONTINUED TO OFFER INNOVATIVE ONLINE PROGRAMMING WITH OUR ANNUAL BRAINWAVE TALK SERIES, WEEKLY MINDFULNESS MEDITATION, AND THE LAUNCH OF A NEW PODCAST, AWAKEN, HOSTED BY LAURIE ANDERSON, WHICH RECEIVED OVER 70,000 LISTENS AND A WEBBY HONOR. WE SERVED VISITORS WITH ALZHEIMER'S AND DEMENTIA AND THEIR CARE PARTNERS, AS WELL AS FAMILIES AND CHILDREN, OFFERING THEM CUSTOM ONLINE OFFERINGS INFORMED BY MINDFULNESS AND HIMALAYAN ART AND CULTURES. WE WORKED WITH 392 LOW-INCOME STUDENTS IN SCHOOLS AS PART OF OUR VIRTUAL MATH AND MANDALAS RESIDENCY PROGRAM, AND MORE THAN 300 SENIORS ENJOYED FREE ADMISSION. OUR BIGGEST PROGRAMMATIC SHIFT CAME IN OCTOBER WHEN WE TRANSFORMED OUR THIRD FLOOR INTO THE MANDALA LAB, AN INTERACTIVE SPACE TO ENGAGE WITH EMOTIONS AND THE NEW HOME FOR SCHOOL AND FAMILY PROGRAMS. DRAWING ON THE TOOLS OF SOCIAL AND EMOTIONAL LEARNING AND FEATURING CONTRIBUTIONS FROM SIXTEEN ARTISTS, THE MANDALA LAB BRINGS PERSONAL TRANSFORMATION AND CURIOSITY ABOUT EMOTIONS TO THE HEART OF THE RUBIN, EMPOWERING AND GUIDING VISITORS TOWARD POSITIVE ACTION AND A BALANCED, COMPASSIONATE WORLD. 1038285 199342 PUBLIC RELATIONS AND MARKETINGIN 2021 THE RUBIN REACHED A GROWING AND CONNECTED GLOBAL AUDIENCE THROUGH OUR DIGITAL INITIATIVES. WE PUBLISHED THE FIFTH EDITION OF SPIRAL, OUR FREE ANNUAL PRINT AND ONLINE MAGAZINE, WHICH RECEIVED OVER 17,000 DIGITAL VIEWS. THE RUBIN'S IMPACT EXTENDED THROUGH VARIOUS DIGITAL PLATFORMS WITH MORE THAN 268,000 FOLLOWERS, AN INCREASE IN ENGAGEMENT OF 65%, AND A DIGITAL REACH OF MORE THAN 7 MILLION. 712879 PUBLICATIONS, AND SHOP, OTHER MISC. 712879 7168460 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 1 113 0 1 67 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 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 RAVI AKHOURY TRUSTEE 1.00 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 EVA HALLER TRUSTEE 1.00 X 0 0 0 MICHAEL MCCORMICK TRUSTEE 1.00 X 0 0 0 MATTHEW NIMETZ TRUSTEE 1.00 X 0 0 0 RASIKA REDDY 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 TONGTONG ZHU TRUSTEE 1.00 X 0 0 0 JORRIT BRITSCHGI EXECUTIVE DIRECTOR (PART VII SEC B) 40.00 X 72886 0 0 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 40.00 X 238346 0 40623 TIMOTHY MCHENRY DIRECTOR OF PROGRAMS 40.00 X 208940 0 39713 MICHELLE B SIMORELLA HEAD OF COLLECTIONS MANAGEMENT 40.00 X 146500 0 39457 DONNA LEE KELLY DIRECTOR OF DEVELOPMENT 40.00 X 146490 0 32752 ELKE C DEHNER HEAD OF MARKETING & COMMUNICATIONS 40.00 X 142298 0 34284 JAMIE LAWYER DIRECTOR OF VISITOR EXPERIENCE 40.00 X 109395 0 31209 HAZEL P KING HEAD OF HUMAN RESOURCES 40.00 X 103970 0 20897 1168825 0 238935 8 0 1 0 RIVERSIDE BUILDERS INC 900 BROADVIEW STE 802 NEW YORK NY 10003 CONTRACT CONSTRUCTION 754797 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY CONTRACT SERVICES 552622 UOVO LLC 41-54 22ND STREET LONG ISLAND CITY NY 11101 ART STORAGE 345602 VAJRADHATU GMBH OBERE PLESSURSTRASSE 25 7000 CHUR SZ CONTRACTUAL EXEC. DIRECTOR (PART VII SEC 315162 UNITED SERVICES OF AMERICA INC 855 MAIN STREET SUITE 905 BRIDGEPORT CT 06604 CONTRACT HOUSEKEEPING SERVICES 176712 8 254575 1451645 1692655 50000 3398875 MUSEUM ADMISSION FEES 713990 242347 242347 PROGRAM FEES 713990 25232 25232 267579 4385003 4385003 991486 840242 151244 151244 151244 20435175 7974534 12460641 12460641 12460641 304336 161997 142339 142339 MISCELLANEOUS REVENUE 900099 57003 57003 57003 20862684 466921 0 16996888 X 600508 277807 322701 3710428 2097924 1147571 464933 72157 41216 21078 9863 714133 396613 234218 83302 336734 185870 113995 36869 315162 126065 189097 43889 43889 50704 50704 46667 46667 95492 95492 1400201 919684 417543 62974 236320 236014 298 8 486839 210534 218248 58057 773799 536925 186934 49940 14809 3378 10471 960 57627 28166 21510 7951 1874313 1501087 240516 132710 146608 122607 16253 7748 PROGRAM & SUPPORTING SE 477573 443418 30808 3347 PUBLICATIONS, SUBSCRIPT 106929 41152 40515 25262 11560892 7168460 3401841 990591 224990 292001 332197 585332 1317838 1237991 64478 78257 623070 593585 184550 152817 65355554 32949927 33363669 32405627 166994287 183848560 298467 147795 203403546 219341965 738114 925133 7175 11000 65422 82397 810711 1018530 X 165642324 179036863 36950511 39286572 202592835 218323435 203403546 219341965 X 9301792 6481473 -52665 X 0 1 X 1 0 X 1995397 1842050 2984814 3214235 3398875 13435371 1995397 1842050 2984814 3214235 3398875 13435371 811752 12623619 4913385 5713749 5258770 4039193 5376489 25301586 46948 69623 163264 71121 57003 407959 39144916 5663498 0.32250 0.28600 X THE RUBIN MUSEUM OF ART'S PERCENTAGE OF PUBLIC SUPPORT IS 32.25%. THE ORGANIZATION DOES NOT QUALIFY AS PUBLICLY SUPPORTED UNDER THE 33 1/3% TEST. HOWEVER, IT HAS A SOLICITATION PLAN FOR ATTRACTING PUBLIC SUPPORT AND A BROAD REPRESENTATIVE GOVERNING BODY; AND ITS PROGRAM SERVICES DIRECTLY BENEFIT THE GENERAL PUBLIC. THEREFORE, IT QUALIFIES AS A PUBLIC CHARITY UNDER THE FACTS AND CIRCUMSTANCES TEST OF IRC SEC. 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 162467343 23214057 13000000 172681400 146085283 24382060 8000000 162467343 122205274 28880009 5000000 146085283 135889014 -8683740 5000000 122205274 110534530 8333335 22021149 5000000 135889014 0.78140 0.14480 0.07380 0 0 378750 3595496 3974246 2146250 18737864 11682877 9201237 1972954 34899795 17847066 19025683 2410138 2264220 145918 49947 1164360 1155764 58543 32405627 TENANT SECURITY DEPOSITS 82397 82397 28250904 6481473 6481473 21769431 95492 -1002239 -906747 20862684 12467639 1002239 1002239 11465400 95492 95492 11560892 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 -161,997. EXPENSES - RESIDENTIAL APARTMENTS -840,242. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 161,997. EXPENSES - RESIDENTIAL APARTMENTS 840,242. EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 CONTRACTUAL EXECUTIVE DIRECTOR SERVICES 315162 0 1 0 0 0 1 315162 0 315162 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X 1 DEVELOPMENT GUILDDDI INC 1 BOSTON PL STE 2600 BOSTON MA 02108 FUNDRAISING COUNSEL 0 0 46667 0 46667 X X 0 0 0 0 0 0 0 0 0 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 237346 0 1000 0 0 0 9418 0 31205 0 278969 0 0 0 TIMOTHY MCHENRY DIRECTOR OF PROGRAMS 207940 0 1000 0 0 0 8508 0 31205 0 248653 0 0 0 MICHELLE B SIMORELLA HEAD OF COLLECTIONS MANAGEMENT 145500 0 1000 0 0 0 6425 0 33032 0 185957 0 0 0 DONNA LEE KELLY DIRECTOR OF DEVELOPMENT 145490 0 1000 0 0 0 4029 0 28723 0 179242 0 0 0 ELKE C DEHNER HEAD OF MARKETING & COMMUNICATIONS 141298 0 1000 0 0 0 5566 0 28718 0 176582 0 0 0 VAJRADHATU GMBH COMPANY OF EXECUTIVE MANAGEMENT CONSULTANT 315162 EXECUTIVE MANAGEMENT CONSULTANT 0 X 1 50000 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 FORM 990 IS PREPARED BY THE RUBIN MUSEUM OF ART'S AUDITORS AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. A COPY OF THE FINAL VERSION OF THE RETURN IS EMAILED TO EVERY MEMBER OF THE BOARD FOR A ONE WEEK REVIEW AND COMMENT PERIOD BEFORE BEING FILED. 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 12/31/2021. 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 2021. 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 803,381. MANAGEMENT AND GENERAL EXPENSES 247,720. FUNDRAISING EXPENSES 59,124. TOTAL EXPENSES 1,110,225. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 116,303. MANAGEMENT AND GENERAL EXPENSES 169,823. FUNDRAISING EXPENSES 3,850. TOTAL EXPENSES 289,976. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED -52,665.