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Nonprofiteer
← RUBIN MUSEUM OF ART

Form 990 for tax year 2023

Filed by RUBIN MUSEUM OF ART.

Totals

Total revenue
$11,695,061
Total expenses
$14,996,364
Contributions and grants received
$2,998,046
Grants paid
$0
Program service revenue
$583,002
Investment income
$6,954,832
Other revenue
$1,159,181
Total assets, end of year
$194,212,082
Total liabilities, end of year
$2,161,846
Net assets or fund balances, end of year
$192,050,236
Program services expenses (Part IX)
$9,441,053
Management and general expenses
$4,499,535
Fundraising expenses
$1,055,776
Program service expenses (Part III)
$9,441,053

Program services were 63.0% 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.

  • 1b · Membership dues

    $247,980

  • 1e · Government grants (contributions)

    $1,029,943

  • 1f · All other contributions, gifts and grants

    $1,720,123

  • 2a · Program service revenue: MUSEUM ADMISSION FEES

    total $391,558 · related or exempt $391,558

  • 2b · Program service revenue: PROGRAM FEES

    total $191,444 · related or exempt $191,444

  • 3 · Investment income

    total $3,581,636 · excluded $3,581,636

  • 6a · Gross rents

    real property $1,874,930

  • 6b · Less rental expenses

    real property $906,188

  • 6c · Rental income or loss

    real property $968,742

  • 6d · Net rental income or loss

    total $968,742 · excluded $968,742

  • 7a · Gross sales of assets other than inventory

    securities $14,059,079

  • 7b · Less cost or other basis and sales expenses

    securities $10,685,883

  • 7c · Gain or loss

    securities $3,373,196

  • 7d · Net gain or loss

    total $3,373,196 · excluded $3,373,196

  • 10a · Gross sales of inventory

    $419,174

  • 10b · Cost of goods sold

    $260,045

  • 10c · Net income from sales of inventory

    total $159,129 · related or exempt $159,129

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $31,310 · related or exempt $31,310

  • 11e · Other revenue, total

    $31,310

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $676,480 · program services $330,747 · management and general $342,183 · fundraising $3,550

  • 7 · Other salaries and wages

    total $4,380,488 · program services $2,636,088 · management and general $1,218,964 · fundraising $525,436

  • 8 · Pension plan contributions

    total $41,893 · program services $16,571 · management and general $18,426 · fundraising $6,896

  • 9 · Other employee benefits

    total $750,366 · program services $446,616 · management and general $218,980 · fundraising $84,770

  • 10 · Payroll taxes

    total $372,710 · program services $218,559 · management and general $114,603 · fundraising $39,548

  • 11a · Fees: management

    total $456,000 · program services $182,400 · management and general $273,600

  • 11b · Fees: legal

    total $81,642 · management and general $81,642

  • 11c · Fees: accounting

    total $61,893 · management and general $61,893

  • 11e · Fees: professional fundraising services

    total $42,000 · fundraising $42,000

  • 11f · Fees: investment management

    total $152,841 · management and general $152,841

  • 11g · Fees: other

    total $2,935,733 · program services $2,188,327 · management and general $687,422 · fundraising $59,984

  • 12 · Advertising and promotion

    total $252,192 · program services $247,581 · management and general $2,314 · fundraising $2,297

  • 13 · Office expenses

    total $1,083,542 · program services $685,516 · management and general $352,015 · fundraising $46,011

  • 16 · Occupancy

    total $779,498 · program services $491,865 · management and general $237,667 · fundraising $49,966

  • 17 · Travel

    total $134,909 · program services $78,476 · management and general $54,794 · fundraising $1,639

  • 20 · Interest

    total $88,398 · program services $44,007 · management and general $37,699 · fundraising $6,692

  • 22 · Depreciation, depletion and amortization

    total $1,845,130 · program services $1,205,086 · management and general $509,233 · fundraising $130,811

  • 23 · Insurance

    total $172,861 · program services $130,802 · management and general $33,279 · fundraising $8,780

  • 24a · Other expenses: PROGRAM & SUPPORTING SE

    total $526,230 · program services $460,534 · management and general $44,294 · fundraising $21,402

  • 24b · Other expenses: PUBLICATIONS, SUBSCRIPT

    total $161,558 · program services $77,878 · management and general $57,686 · fundraising $25,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,671 · end of year $522,561

  • 2 · Savings and temporary cash investments

    beginning of year $323,843 · end of year $323,722

  • 3 · Pledges and grants receivable

    beginning of year $1,178,108 · end of year $2,134,374

  • 4 · Accounts receivable

    beginning of year $205,111 · end of year $59,066

  • 8 · Inventories for sale or use

    beginning of year $788,115 · end of year $789,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $307,126 · end of year $456,531

  • 10a · Land, buildings and equipment: cost or other basis

    $65,760,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,179,702

  • 10c · Land, buildings and equipment, net

    beginning of year $30,377,405 · end of year $28,580,606

  • 11 · Investments: publicly traded securities

    beginning of year $143,431,814 · end of year $160,879,448

  • 12 · Investments: other securities

    beginning of year $93,148 · end of year $10,878

  • 15 · Other assets

    beginning of year $504,421 · end of year $455,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,244,352 · end of year $1,629,430

  • 19 · Deferred revenue

    beginning of year $22,375 · end of year $74,950

  • 25 · Other liabilities

    beginning of year $602,650 · end of year $457,466

  • 27 · Net assets without donor restrictions

    beginning of year $144,633,325 · end of year $155,675,481

  • 28 · Net assets with donor restrictions

    beginning of year $31,242,060 · end of year $36,374,755

Mission and programs · 2023

Mission

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.

Activities or mission (Part I)

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.

  • COLLECTIONS AND EXHIBITIONS:IN 2023, VISITORS TO THE MUSEUM ENCOUNTERED THE EXHIBITION DEATH IS NOT THE END, WHICH EXPLORED DEATH AND THE AFTERLIFE IN THE ART OF TIBETAN BUDDHISM AND CHRISTIANITY WITH 58 OBJECTS SPANNING 12 CENTURIES FROM THE MUSEUM'S COLLECTION ALONGSIDE ARTWORKS ON LOAN FROM PRIVATE COLLECTIONS AND MAJOR MUSEUMS. THE RUBIN ALSO PRESENTED EXHIBITIONS OUTSIDE OF THE MUSEUM'S WALLS, CONNECTING WITH AUDIENCES ACROSS THE COUNTRY AND IN EUROPE. IN FEBRUARY, THE RUBIN INAUGURATED ITS TRAVELING EXHIBITION FOR COLLEGES AND UNIVERSITIES, GATEWAY TO HIMALAYAN ART, AT LEHIGH UNIVERSITY ART GALLERIES. GATEWAY LATER OPENED IN SEPTEMBER AT THE MCMULLEN MUSEUM OF ART AT BOSTON COLLEGE. THE SAME MONTH IN LONDON, THE TRAVELING VERSION OF THE MANDALA LAB OPENED IN CANARY WHARF AS PART OF THE LONDON DESIGN FESTIVAL.

    Expenses $4,961,232 · Revenue $391,558

  • PUBLIC PROGRAMS AND VISITOR ENGAGEMENT:THE RUBIN'S PUBLIC PROGRAMS OFFER DIVERSE AUDIENCES MEANINGFUL WAYS TO ENGAGE WITH THE ART AND CULTURES OF THE HIMALAYAS. IN 2023, ADULT WORKSHOPS AND TALKS CENTERED ON THE UNIFYING THEME OF LIFE AFTER, SPARKING CONVERSATIONS AROUND LIFE'S TRANSITIONS AND OUR CAPACITY TO APPROACH THEM WITH OPENNESS AND AWARENESS. HIMALAYAN HERITAGE PROGRAMS PROVIDED INSIGHTS INTO THE ART, CULTURES, AND SACRED TRADITIONS OF THE HIMALAYAN REGION, AND DROP-IN WORKSHOPS IN COLLABORATION WITH NYU'S GRADUATE ART THERAPY PROGRAM FOCUSED ON CREATIVITY AND SELF-REFLECTION. WE SERVED VISITORS WITH ALZHEIMER'S AND DEMENTIA AND THEIR CARE PARTNERS, AS WELL AS 5,545 SCHOOL AGE CHILDREN AND 3,022 ACCOMPANYING ADULTS AND EDUCATORS, OFFERING THEM CUSTOM OFFERINGS INFORMED BY MINDFULNESS AND HIMALAYAN ART AND CULTURES. WE WORKED WITH 1,039 LOW-INCOME STUDENTS IN SCHOOLS AS PART OF OUR MATH AND MANDALAS PROGRAM, AND 89 EDUCATORS FOR PROFESSIONAL DEVELOPMENT WORKSHOPS, PROVIDING THEM WITH AN ENTRE TO SOCIAL, EMOTIONAL, AND ETHICAL (SEE) LEARNING.

    Expenses $1,955,562 · Revenue $191,444

  • PUBLIC RELATIONS AND MARKETING (DIGITAL AND ANALOG SHARING):IN 2023, THE RUBIN REACHED A GROWING AND CONNECTED GLOBAL AUDIENCE THROUGH OUR DIGITAL INITIATIVES. WE LAUNCHED THE DIGITAL PLATFORM PROJECT HIMALAYAN ART, AN INTERDISCIPLINARY RESOURCE FOR LEARNING ABOUT HIMALAYAN, TIBETAN, AND INNER ASIAN ART AND CULTURES. IT HAD A DIGITAL REACH OF 25,000 USERS WITH OVER 100,000 VIEWS. WE PUBLISHED THE BOOK HIMALAYAN ART IN 108 OBJECTS, WITH ESSAYS FROM 72 AUTHORS FROM AROUND THE WORLD, AS WELL AS THE SEVENTH EDITION OF SPIRAL, OUR FREE ANNUAL PRINT AND ONLINE MAGAZINE, WHICH RECEIVED OVER 22,000 DIGITAL VIEWS. THE RUBIN'S IMPACT EXTENDED THROUGH VARIOUS DIGITAL PLATFORMS WITH MORE THAN 290,000 FOLLOWERS, AND A DIGITAL REACH OF MORE THAN 8 MILLION.

    Expenses $1,542,206

  • PUBLICATIONS, AND SHOP, OTHER MISC.

    Expenses $982,053 · Revenue $190,439

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shelley Rubin

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Noah P Dorsky

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jorrit Britschgi

    SECRETARY/EXEC. DIRECTOR (SEE P VII)

    Total calculated
    $0
    Hours/week
    40

  • Robert M Baylis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Christopher J Fussner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Grinsell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael McCormick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tong-Tong Zhu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Basha Frost Rubin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Namita Saraf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Schoenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eileen Caulfield Schwab

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tsherin Sherpa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jesse Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marilena Christodoulou

    DEPUTY EXEC. DIR./CFO

    Total calculated
    $365,381
    From this org
    $295,554
    From related orgs
    $0
    Other
    $69,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,541
    Bonus
    $25,500
    Other
    $5,513
    Deferred
    $35,043
    Nontaxable benefits
    $34,784
    Filer's total
    $365,381

  • Timothy McHenry

    DEPUTY EXECUTIVE DIR./CHIEF PROGRAMMATIC OFFICER

    Total calculated
    $321,099
    From this org
    $254,696
    From related orgs
    $0
    Other
    $66,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,164
    Bonus
    $23,000
    Other
    $1,532
    Deferred
    $31,512
    Nontaxable benefits
    $34,891
    Filer's total
    $321,099

  • Michelle B Simorella

    DIR. OF CURATORIAL ADMIN.

    Total calculated
    $237,596
    From this org
    $182,034
    From related orgs
    $0
    Other
    $55,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,185
    Bonus
    $16,500
    Other
    $349
    Deferred
    $22,678
    Nontaxable benefits
    $32,884
    Filer's total
    $237,596

  • Donna Lee Kelly

    DIR. OF DEVELOPMENT

    Total calculated
    $232,831
    From this org
    $183,359
    From related orgs
    $0
    Other
    $49,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,380
    Bonus
    $16,000
    Other
    $2,979
    Deferred
    $21,968
    Nontaxable benefits
    $27,504
    Filer's total
    $232,831

  • Elke C Dehner

    DIR. OF MARKETING & COMMUNICATIONS

    Total calculated
    $226,141
    From this org
    $176,794
    From related orgs
    $0
    Other
    $49,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,972
    Bonus
    $15,500
    Other
    $322
    Deferred
    $21,328
    Nontaxable benefits
    $28,019
    Filer's total
    $226,141

  • Jamie Lawyer

    DIR. OF VISITOR EXPERIENCE/ INTERPRETATION

    Total calculated
    $210,717
    From this org
    $167,115
    From related orgs
    $0
    Other
    $43,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,997
    Bonus
    $15,000
    Other
    $118
    Deferred
    $20,575
    Nontaxable benefits
    $23,027
    Filer's total
    $210,717

  • Hazel P King

    HEAD OF HUMAN RESOURCES

    Total calculated
    $171,091
    From this org
    $125,089
    From related orgs
    $0
    Other
    $46,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,499
    Bonus
    $11,500
    Other
    $1,090
    Deferred
    $15,468
    Nontaxable benefits
    $30,534
    Filer's total
    $171,091

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.1
Source object
202442559349301804

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