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Nonprofiteer
← RUBIN MUSEUM OF ART

Form 990 for tax year 2022

Filed by RUBIN MUSEUM OF ART.

Totals

Total revenue
$8,159,235
Total expenses
$14,038,727
Contributions and grants received
$2,440,825
Grants paid
$0
Program service revenue
$369,396
Investment income
$4,651,579
Other revenue
$697,435
Total assets, end of year
$177,744,762
Total liabilities, end of year
$1,869,377
Net assets or fund balances, end of year
$175,875,385
Program services expenses (Part IX)
$8,948,308
Management and general expenses
$4,083,085
Fundraising expenses
$1,007,334
Program service expenses (Part III)
$8,948,308

Program services were 63.7% 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

    $312,642

  • 1e · Government grants (contributions)

    $127,230

  • 1f · All other contributions, gifts and grants

    $2,000,953

  • 1g · Noncash contributions included above

    $26,335

  • 2a · Program service revenue: MUSEUM ADMISSION FEES

    total $290,513 · related or exempt $290,513

  • 2b · Program service revenue: PROGRAM FEES

    total $78,883 · related or exempt $78,883

  • 3 · Investment income

    total $3,167,746 · excluded $3,167,746

  • 6a · Gross rents

    real property $1,371,066

  • 6b · Less rental expenses

    real property $863,701

  • 6c · Rental income or loss

    real property $507,365

  • 6d · Net rental income or loss

    total $507,365 · excluded $507,365

  • 7a · Gross sales of assets other than inventory

    securities $13,704,543

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

    securities $12,220,710

  • 7c · Gain or loss

    securities $1,483,833

  • 7d · Net gain or loss

    total $1,483,833 · excluded $1,483,833

  • 10a · Gross sales of inventory

    $321,896

  • 10b · Cost of goods sold

    $175,049

  • 10c · Net income from sales of inventory

    total $146,847 · related or exempt $146,847

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $43,223 · related or exempt $43,223

  • 11e · Other revenue, total

    $43,223

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $652,871 · program services $318,637 · management and general $330,747 · fundraising $3,487

  • 7 · Other salaries and wages

    total $3,959,967 · program services $2,269,151 · management and general $1,235,959 · fundraising $454,857

  • 8 · Pension plan contributions

    total $28,422 · program services $2,331 · management and general $20,075 · fundraising $6,016

  • 9 · Other employee benefits

    total $725,322 · program services $418,695 · management and general $227,318 · fundraising $79,309

  • 10 · Payroll taxes

    total $351,216 · program services $196,912 · management and general $118,724 · fundraising $35,580

  • 11a · Fees: management

    total $426,000 · program services $170,400 · management and general $255,600

  • 11b · Fees: legal

    total $1,800 · management and general $1,800

  • 11c · Fees: accounting

    total $59,258 · management and general $59,258

  • 11e · Fees: professional fundraising services

    total $64,233 · fundraising $64,233

  • 11f · Fees: investment management

    total $100,030 · management and general $100,030

  • 11g · Fees: other

    total $2,540,323 · program services $1,886,301 · management and general $590,767 · fundraising $63,255

  • 12 · Advertising and promotion

    total $227,333 · program services $224,332 · management and general $1,881 · fundraising $1,120

  • 13 · Office expenses

    total $885,447 · program services $500,385 · management and general $331,051 · fundraising $54,011

  • 16 · Occupancy

    total $785,682 · program services $520,808 · management and general $211,895 · fundraising $52,979

  • 17 · Travel

    total $98,147 · program services $38,728 · management and general $59,199 · fundraising $220

  • 20 · Interest

    total $72,567 · program services $33,801 · management and general $31,719 · fundraising $7,047

  • 22 · Depreciation, depletion and amortization

    total $1,884,899 · program services $1,365,122 · management and general $386,378 · fundraising $133,399

  • 23 · Insurance

    total $155,617 · program services $122,974 · management and general $24,474 · fundraising $8,169

  • 24a · Other expenses: PROGRAM & SUPPORTING SE

    total $637,110 · program services $572,783 · management and general $46,132 · fundraising $18,195

  • 24b · Other expenses: OTHER PROGRAMMATIC SUPP

    total $230,000 · program services $230,000

  • 24c · Other expenses: PUBLICATIONS, SUBSCRIPT

    total $152,483 · program services $76,948 · management and general $50,078 · fundraising $25,457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $292,001 · end of year $535,671

  • 2 · Savings and temporary cash investments

    beginning of year $585,332 · end of year $323,843

  • 3 · Pledges and grants receivable

    beginning of year $1,237,991 · end of year $1,178,108

  • 4 · Accounts receivable

    beginning of year $78,257 · end of year $205,111

  • 8 · Inventories for sale or use

    beginning of year $593,585 · end of year $788,115

  • 9 · Prepaid expenses and deferred charges

    beginning of year $152,817 · end of year $307,126

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

    $65,465,357

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

    $35,087,952

  • 10c · Land, buildings and equipment, net

    beginning of year $32,405,627 · end of year $30,377,405

  • 11 · Investments: publicly traded securities

    beginning of year $183,848,560 · end of year $143,431,814

  • 12 · Investments: other securities

    beginning of year $147,795 · end of year $93,148

  • 15 · Other assets

    beginning of year $0 · end of year $504,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $925,133 · end of year $1,244,352

  • 19 · Deferred revenue

    beginning of year $11,000 · end of year $22,375

  • 25 · Other liabilities

    beginning of year $82,397 · end of year $602,650

  • 27 · Net assets without donor restrictions

    beginning of year $179,036,863 · end of year $144,633,325

  • 28 · Net assets with donor restrictions

    beginning of year $39,286,572 · end of year $31,242,060

Mission and programs · 2022

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.

  • 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.

    Expenses $4,971,165 · Revenue $290,513

  • 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.

    Expenses $1,967,089 · Revenue $78,883

  • 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.

    Expenses $1,261,652

  • PUBLICATIONS, AND SHOP, OTHER MISC.

    Expenses $748,402 · Revenue $190,070

As filed on the 2022 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 SECTION B)

    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 Moser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael McCormick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tsherin Sherpa

    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

  • Jesse Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marilena Christodoulou

    DEPUTY EXEC. DIR./CHIEF FINANCIAL & OPER. OFFICER

    Total calculated
    $353,529
    From this org
    $273,986
    From related orgs
    $0
    Other
    $79,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,918
    Bonus
    $22,000
    Other
    $5,068
    Deferred
    $34,415
    Nontaxable benefits
    $45,128
    Filer's total
    $353,529

  • Timothy McHenry

    DEPUTY EXECUTIVE DIR./CHIEF PROGRAMMATIC OFFICER

    Total calculated
    $299,342
    From this org
    $237,409
    From related orgs
    $0
    Other
    $61,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,503
    Bonus
    $19,500
    Other
    $1,406
    Deferred
    $30,964
    Nontaxable benefits
    $30,969
    Filer's total
    $299,342

  • Michelle B Simorella

    DIRECTOR OF CURATORIAL ADMINISTRATION & COLLECTION

    Total calculated
    $220,881
    From this org
    $170,169
    From related orgs
    $0
    Other
    $50,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,963
    Bonus
    $14,000
    Other
    $206
    Deferred
    $22,251
    Nontaxable benefits
    $28,461
    Filer's total
    $220,881

  • Donna Lee Kelly

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $215,717
    From this org
    $168,384
    From related orgs
    $0
    Other
    $47,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,223
    Bonus
    $13,500
    Other
    $1,661
    Deferred
    $21,559
    Nontaxable benefits
    $25,774
    Filer's total
    $215,717

  • Elke C Dehner

    DIRECTOR OF MARKETING & COMMUNICATIONS

    Total calculated
    $210,148
    From this org
    $163,053
    From related orgs
    $0
    Other
    $47,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,363
    Bonus
    $13,500
    Other
    $190
    Deferred
    $20,937
    Nontaxable benefits
    $26,158
    Filer's total
    $210,148

  • Jamie Lawyer

    DIRECTOR OF VISITOR EXPERI

    Total calculated
    $199,277
    From this org
    $151,300
    From related orgs
    $0
    Other
    $47,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,693
    Bonus
    $10,500
    Other
    $107
    Deferred
    $19,746
    Nontaxable benefits
    $28,231
    Filer's total
    $199,277

  • Hazel P King

    HEAD OF HUMAN RESOURCES

    Total calculated
    $149,217
    From this org
    $118,115
    From related orgs
    $0
    Other
    $31,102
    Hours/week
    40

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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333119349301663

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