Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
150 WEST 17TH STREET
 
Room/suite
City or town, state or country, and ZIP + 4
NEW YORK, NY10011
D Employer identification number

22-6799567
E Telephone number

G Gross receipts $ 23,662,143
F Name and address of principal officer:
DONALD RUBIN
150 WEST 17TH STREET
NEW YORK,NY10011
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.RMANYC.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1999
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE MUSEUM IS A CULTURAL AND EDUCATIONAL INSTITUTION DEDICATED TO THE ART OF THE HIMALAYAS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 20
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 20
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 105
6 Total number of volunteers (estimate if necessary) .... 6 260
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 6,767,350 1,728,846
9 Program service revenue (Part VIII, line 2g) ......... 656,917 662,444
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -2,869,956 1,163,931
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,306,502 1,012,452
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 5,860,813 4,567,673
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 4,609,523 5,116,000
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 49,744
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,090,950    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 8,293,565 8,827,876
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 12,903,088 13,993,620
19 Revenue less expenses. Subtract line 18 from line 12...... -7,042,275 -9,425,947
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 121,721,422 118,659,431
21 Total liabilities (Part X, line 26)............ 942,801 1,328,869
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 120,778,621 117,330,562
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: SEE SCHEDULE OTHE RUBIN MUSEUM OF ART (RMA) IS A CULTURAL AND EDUCATIONAL INSTITUTION DEDICATED TO THE ART OF THE HIMALAYAS. ITS MISSION IS TO ESTABLISH, PRESENT, PRESERVE AND DOCUMENT A PERMANENT COLLECTION THAT REFLECTS THE VITALITY, COMPLEXITY AND HISTORICAL SIGNIFICANCE OF HIMALAYAN ART AND TO CREATE EXHIBITIONS AND PROGRAMS THAT EXPLORE THE ARTISTIC LEGACY OF THE HIMALAYAN REGION AND PLACE IT IN THE CONTEXT OF WORLD CULTURES. RMA IS COMMITTED TO ADDRESSING A DIVERSE AUDIENCE - FROM CONNOISSEURS AND SCHOLARS, TO THE GENERAL PUBLIC AND YOUNG CHILDREN. THROUGH ITS COLLECTION, EXHIBITIONS, EDUCATIONAL PROGRAMS, AND LIBRARY RMA AIMS TO SERVE AS AN INTERNATIONAL CENTER FOR THE PRESERVATION, STUDY AND ENJOYMENT OF HIMALAYAN ART.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 5,676,836 including grants of $   ) (Revenue $ 320,731 )
COLLECTIONS & EXHIBITIONS AT THE RUBIN MUSEUM OF ARTTHE MUSEUM'S COLLECTION OF MORE THAN 2,000 OBJECTS IS CONSIDERED TO BE THE MOST EXTENSIVE OF ITS KIND IN THE WEST. IT INCLUDES HIMALAYAN PAINTINGS, SCULPTURE, TEXTILES, RITUAL OBJECTS, AND PRINTS SPANNING A PERIOD FROM THE 2ND CENTURY TO THE 21ST CENTURY. THE FOLLOWING EXHIBITIONS OPENED AND WERE VIEWED BY NEARLY 200,000 VISITORS IN 2010: - A BRITISH LIFE IN A MOUNTAIN KINGDOM: EARLY PHOTOGRAPHS OF SIKKIM AND BHUTANAUGUST 6, 2010 - JANUARY 10, 2011THE FIRST EXHIBITION OF LATE 19TH AND EARLY 20TH CENTURY PHOTOGRAPHS BY BRITISH GOVERNMENT OFFICER JOHN CLAUDE WHITE, WHO DOCUMENTED HIS JOURNEYS AND THE PEOPLE HE MET IN SIKKIM AND BHUTAN.... - TRADITION TRANSFORMED: TIBETAN ARTISTS RESPONDJUNE 11, 2010 - OCTOBER 18, 2010THE FIRST EXHIBITION OF CONTEMPORARY TIBETAN ART IN A NEW YORK CITY MUSEUM FEATURING NINE TIBETAN ARTISTS WHO EXPLORE CONTEMPORARY ISSUES AND MODERN INFLUENCES WITH TRADITIONAL TIBETAN BUDDHIST ART.- REMEMBER THAT YOU WILL DIE: DEATH ACROSS CULTURESMARCH 19, 2010 - AUGUST 9, 2010THIS EXHIBITION EXPLORED THE CONCEPTS OF DEATH AND THE AFTERLIFE IN THE EUROPEAN AND HIMALAYAN TRADITIONS FROM THE 14TH CENTURY TO THE PRESENT.- IN THE SHADOW OF EVEREST: PHOTOGRAPHS BY TOM WOOLFEBRUARY 26, 2010 - JULY 26, 2010IN THE SHADOW MOUNT EVEREST LIES THE RUGGED EXPANSE OF THE RONGBUK VALLEY WHERE PHOTOGRAPHER TOM WOOL CAPTURED THIS COLLECTION OF SENSITIVE PHOTOGRAPHS THAT DEPICT THE REMOTE LAND, AND ITS RELIGIOUS AND VILLAGE LIFE.- BARDO: TIBETAN ART OF THE AFTERLIFEFEBRUARY 12, 2010 - SEPTEMBER 6, 2010AN EXPLORATION OF THE TRANSITIONAL STATES BETWEEN DEATH, AND EITHER THE ATTAINMENT OF SPIRITUAL ENLIGHTENMENT OR THE RETURN TO THE CYCLE OF REBIRTH.- VISIONS OF THE COSMOS: FROM THE MILKY OCEAN TO AN EVOLVING UNIVERSEDECEMBER 11, 2009 - MAY 10, 2010A JUXTAPOSITION OF EASTERN AND WESTERN CONCEPTIONS OF THE UNIVERSE, INCLUDING SCULPTURES, PAINTINGS, ILLUMINATED MANUSCRIPTS, AND RARE PRINTS FROM AMERICAN AND EUROPEAN COLLECTIONS AND HUBBLE SPACE TELESCOPE PHOTOGRAPHS.- GRAIN OF EMPTINESS: BUDDHISM-INSPIRED CONTEMPORARY ARTNOVEMBER 5, 2010 - APRIL 11, 2011GRAIN OF EMPTINESS FEATURES FIVE CONTEMPORARY ARTISTS: SANFORD BIGGERS, THEASTER GATES, ATTA KIM, WOLFGANG LAIB, AND CHARMION VON WIEGAND - WHOSE WORKS ARE INSPIRED BY EASTERN RELIGIOUS BELIEFS.- EMBODYING THE HOLY: ICONS IN EASTERN ORTHODOX CHRISTIANITY AND TIBETAN BUDDHISMOCTOBER 6, 2010 - MARCH 7, 2011EMBODYING THE HOLY EXPLORES THE BASIC SIMILARITIES AND DIFFERENCES BETWEEN SACRAL REPRESENTATIONS IN THE EASTERN ORTHODOX CHRISTIAN AND TIBETAN BUDDHIST TRADITIONS.- THE NEPALESE LEGACY IN TIBETAN PAINTINGSEPTEMBER 3, 2010 - MAY 23, 2011THIS EXHIBITION TRACES THE DEVELOPMENT, PATRONAGE, AND DISTINCTIVE FEATURES OF NEWARS' PAINTING STYLE, KNOWN AS THE BERI, ADOPTED IN TIBET AS ONE OF THE COUNTRY'S MOST INFLUENTIAL ARTISTIC STYLES FOR FOUR CENTURIES.- GATEWAY TO HIMALAYAN ART AND THE TIBETAN SHRINE ROOMJULY 23, 2010 - JANUARY 1, 2012A NEW KEYSTONE EXHIBITION PRESENTS THE PRINCIPAL CONCEPTS OF HIMALAYAN ART, INCLUDING SYMBOLS, MATERIALS AND TECHNIQUES, AND THE ART'S PURPOSES AND FUNCTIONS IN CONTEXT WITH THE TIBETAN SHRINE ROOM INSTALLATION FROM THE ALICE S. KANDELL COLLECTION.- FROM THE LAND OF THE GODS: ART OF THE KATHMANDU VALLEYFEBRUARY 2, 2008 - FEBRUARY 7, 2011THIS EXHIBITION FEATURES THE FINEST EXAMPLES OF NEPALESE ART FROM THE MUSEUM COLLECTION, HIGHLIGHTING THE VARIETY OF FORMS AND SUBJECTS, TECHNIQUES AND MEDIA THAT EMERGED FROM THE CREATIVE MATRIX OF THE KATHMANDU VALLEY.
4b (Code:   ) (Expenses $ 1,517,748 including grants of $   ) (Revenue $   )
EDUCATION AND OUTREACH AT THE RUBIN MUSEUM OF ARTTHE MUSEUM FOSTERS A DEEP EXPERIENCE WITH HIMALAYAN ART THROUGH CLOSE OBSERVATION AND DISCOVERY. FAMILIES, STUDENTS AND SENIORS ARE ENCOURAGED TO CONSIDER THE INTERPLAY OF ART AND CULTURE AND TO MAKE PERSONAL CONNECTIONS THROUGH MEANINGFUL INTERACTIONS. OFFERED AT THE MUSEUM AND IN SCHOOLS, THE CURRICULA ALIGNED WITH THE NY STATE STANDARDS FOR GLOBAL HISTORY AND ART EDUCATION IN NEW YORK CITY SCHOOLS. PROGRAMS FOR THE STATED PERIOD INCLUDED:- THINKING THROUGH ART (TTA) WAS TAUGHT AT LIBERTY HIGH SCHOOL ACADEMY FOR NEWCOMERS, HIGH SCHOOL FOR LAW AND PUBLIC SERVICE, AND P.S. 86 IN THE BRONX. THESE 10-SESSION RESIDENCIES PROVIDED HANDS-ON, ACTIVE LEARNING AND ART MAKING OPPORTUNITIES THAT INCREASED ARTS AND ... CULTURAL AWARENESS AS WELL AS VISUAL, WRITTEN, AND ORAL COMMUNICATION SKILLS. TTA AND OTHER SHORT TERM PARTNERSHIPS (HIMALAYAN ART ENCOUNTERS, CLASSROOM CONNECTIONS, AND PREVISITS) ENGAGED NEARLY 3,000 STUDENTS IN OVER 40 SCHOOLS.- RMA TEENS IS A FREE AFTER-SCHOOL PROGRAM DESIGNED TO MAKE HIMALAYAN ART AND CULTURE ACCESSIBLE TO TEENS WITH A STRONG INTEREST IN ART OR CAREERS IN THE ARTS. FORTY PARTICIPANTS RECEIVED A BEHIND THE SCENES LOOK AT MUSEUM OPERATIONS, EXPLORED ART CAREERS, GAINED VALUABLE PUBLIC SPEAKING AND LEADERSHIP SKILLS, ACCESSED MUSEUM ART COLLECTIONS THROUGHOUT NYC, CREATED ART, AND RECEIVED CAREER GUIDANCE FROM CURATORS AND ARTS PROFESSIONALS. AFTER A YEAR OF TRAINING, TEENS LEAD FAMILY TOURS, FOR WHICH THEY WERE PAID A STIPEND. ART STUDIO FOR TEENS SERVES NYC HIGH SCHOOL STUDENTS INTERESTED IN EXPLORING ART MAKING PRACTICES AND MATERIALS FROM THE HIMALAYAS. TEN PARTICIPANTS GAINED A DEMONSTRATED KNOWLEDGE OF ART MAKING PROCESSES AND THEIR CULTURAL ORIGINS THROUGH SKILL BASED EXERCISES, LECTURES, CLASS CRITIQUES, ASSIGNED READINGS AND MUSEUM FIELDTRIPS. - UNIVERSITY PROGRAMS OFFER CUNY STUDENTS AND FACULTY THE ABILITY TO EXPLORE THE ART AND VARYING CULTURAL TRADITIONS OF THE HIMALAYAN REGION TO GAIN A HIGHER LEVEL OF ARTISTIC AND SCHOLARLY KNOWLEDGE, AND ENHANCE THEIR UNDERSTANDING OF THE HUMANITIES. IN 2010, THE MUSEUM COLLABORATED WITH 6,500 BARUCH COLLEGE FRESHMAN.- ADULT LEARNING PROGRAMS ENGAGED NEARLY 2,000 SENIOR CITIZENS ON FREE SENIORS DAYS, 1ST MONDAY THE MONTH, WITH FREE GALLERY TOURS, PROGRAMS, CINEMA SCREENINGS AND ART ACTIVITIES. EDUCATION PROGRAMS INCLUDED TIBETAN MEDICINE AND ART, A SPECIAL PROGRAM FOR ALZHEIMER PATIENTS AND CAREGIVERS, AND AUSPICIOUS STITCHES NEEDLEWORK WORKSHOPS.- EXPLORE AREAS AND GALLERY RESOURCES HAVE A WEALTH OF OFFERINGS THAT INCREASE ACCESS TO THE ARTS FOR VISITORS. EXPLORE AREAS PROVIDED BACKGROUND INFORMATION AND INTERPRETIVE STRATEGIES FOR THE ART ON DISPLAY, INCLUDING: MULTIMEDIA STATIONS FOR RELEVANT WEBSITES AND DOCUMENTARY FILMS; DISPLAY MATERIALS AND TECHNIQUES INVOLVED IN THE CREATION OF HIMALAYAN ART; INTERACTIVE ACTIVITIES THAT UTILIZE CONCEPTS FOUND IN EXHIBITIONS; AND GUIDED VIEWING AND HANDS-ON OPPORTUNITIES TO ENABLE VISITORS TO LEARN MORE ABOUT THE GEOGRAPHY, HISTORY AND CULTURE.- GUIDED TOURS ARE COMPLIMENTARY GUIDED TOURS OFFERED THROUGHOUT THE GALLERIES, WITH NEW PERSPECTIVES EVERY WEEK THAT AIM TO INCREASE CULTURAL AWARENESS AND FOSTER ARTISTIC INTEREST. MUSEUM GUIDES ENCOURAGED VISITORS TO LOOK AND THINK DEEPLY WHILE EXPLORING THE ARTS, CULTURE, RELIGION, AND ICONOGRAPHY OF THE HIMALAYAN REGION.- THE VOLUNTEER DOCENT PROGRAM AT THE RUBIN MUSEUM FACILITATES THE GUIDED TOUR PROGRAM. THROUGH RESEARCH AND INTENSIVE TRAINING, VOLUNTEER DOCENTS ORGANIZE AND PRESENT THEMATIC GALLERY TOURS, GALLERY TALKS AND OTHER EDUCATIONAL INITIATIVES, AND ROAM THE GALLERY FLOORS FOR INFORMAL CONVERSATIONS WITH VISITORS.- FAMILY LEARNING AT THE RUBIN MUSEUM PROVIDES PROGRAMS, TOURS, AND GALLERY ACTIVITIES TO HELP PARENTS AND CHILDRENN HAVE FUN TOGETHER WHILE LEARNING ABOUT HIMALAYAN ART AND CULTURE. 2,430 PARTICIPANTS ATTENDED A WIDE VARIETY OF PROGRAMS INCLUDING LOOK, PLAY, CREATE! (ALL AGES); SATURDAY FAMILY WORKSHOPS (AGES 6 AND UP); THE YAK PACKERS (AGES 2-4) AND THE LITTLE EXPLORER'S CLUB (AGES 3-5). THE MUSEUM'S ANNUAL PEACE LAB ON SATURDAY, OCTOBER 2ND WELCOMED 450 PARTICIPANTS TO CELEBRATE THE INTERNATIONAL DAY OF NON-VIOLENCE. PEACE LAB FEATURED ART ACTIVITIES, TOURS, LIVE MUSIC, AND INTERACTIVE EXPERIMENTS ON OUR PERCEPTIONS OF PEACE. THE FAMILY DAY ASSOCIATED TO VISIONS OF THE COSMOS EXHIBITION WELCOMED OVER 1,000 PEOPLE.
4c (Code:   ) (Expenses $ 918,753 including grants of $   ) (Revenue $ 341,713 )
PUBLIC PROGRAMMING AT THE RUBIN MUSEUM OF ARTSINCE THE RUBIN MUSEUM OPENED ITS DOORS IN OCTOBER 2004, THE MUSEUM HAS HOSTED NEARLY 6,000 LIVE PROGRAMS, FROM CONCERTS BY ARTISTS DEBBIE HARRY, ROSANNE CASH, STEVE MARTIN, AND ELVIS COSTELLO TO TALKS WITH PAUL SIMON, LOU REED, ALICE WALKER, DAVID BYRNE, AND MARTIN SCORSESE. SUCH AN ENERGY-LADEN PROGRAMMING SCHEDULE HAS BECOME A HALLMARK OF THE MUSEUM IN ITS SHORT EXISTENCE. PROGRAMS IN 2010 INCLUDE: - CABARET CINEMA FRIDAY EVENINGS FEATURE CLASSIC FILMS INTRODUCED BY FOREMOST ARTISTS, WRITERS, SCHOLARS AND ACTORS OF OUR TIME. PATRONS ENJOY COCKTAILS WHILE VIEWING MOVIES CONNECTED TO CURRENT EXHIBITIONS.- LUNCH MATTERS - A SERIES OF SHORT DOCUMENTARY FILMS FOLLOWED BY MODERATED DISCUSSIONS WEDNESDAYS AT 1 PM. LUNCH MATTERS IN 2010 ... FEATURED COSMOS, AN EMMY AND PEABODY AWARD-WINNING SERIES BY CARL SAGAN. THE THIRTEEN EPISODES WERE INTRODUCED BY PROMINENT INDIVIDUALS IN ASTRONOMY, ASTROPHYSICS, PHYSICS AND ASTROBIOLOGY.- PERFORMANCE POETRY, MUSIC, DANCING, AND CREATIVE PERFORMANCES ADVANCE THE UNDERSTANDING OF HIMALAYAN CULTURE AND INCLUDE WIDELY RECOGNIZED ARTISTS OF DIVERSE BACKGROUNDS AND THEIR EXPRESSIONS OF CREATIVITY AND STYLE. NAKED SOUL, HARLEM IN THE HIMALAYAS SERIES, IN ASSOCIATION WITH THE NATIONAL JAZZ MUSEUM IN HARLEM, AND RESONATING LIGHT, A NEW SUNDAY NIGHT CLASSICAL MUSIC SERIES HOSTED BY WQXR'S ELLIOTT FORREST WERE OF NOTE IN 2010.- BRAINWAVE 2010 - THE THIRD ANNUAL BRAINWAVE TEN-WEEK SERIES OF TALKS, PERFORMANCES AND SCREENINGS EXAMINED HOW ART, MUSIC, AND MEDITATION AFFECT THE HUMAN MIND WELCOMED 2,734 ATTENDEES. THROUGHOUT THE SERIES, PROMINENT NEUROSCIENTISTS WERE PAIRED WITH BUDDHIST PRACTITIONERS, ARTISTS AND WRITERS TO DISCUSS TOPICS SUCH AS BRAIN RESPONSE TO VIGOROUS EXERCISE, QUIET REFLECTION, FEAR, DARKNESS, ISOLATION, PHYSICAL DISTRESS AND MEDITATION. AMONG PARTICIPANTS WERE CHOREOGRAPHER MARK MORRIS & NEUROLOGIST BEVIL R. CONWAY, COMPOSER PHILIP GLASS & ASTRONOMER GREG LAUGHLIN, WRITER SIRI HUSTVEDT & NEUROSCIENTIST HANS BREITER, SCREENWRITER/DIRECTOR CHARLIE KAUFMAN & PHYSICIST BRIAN GREENE, PERFORMANCE ARTIST LAURIE ANDERSON & ASTROPHYSICIST JANNA LEVIN, MUSICIAN CLAIRE EVANS + ASTROPHYSICIST FRED C. ADAMS, FILM DIRECTOR SHEKHAR KAPUR & ASTROPHYSICIST PIET HUT, AND GUITARIST LENNY KAYE & NEUROSCIENTIST JOSEPH E. LEDOUX.- THE TIBETAN BOOK OF THE DEAD BOOK CLUB - A SERIES OF SEVEN SESSIONS THAT EXPLORED THIS SEMINAL GUIDE TO THE AFTERLIFE FROM SEVEN DIFFERENT VANTAGE POINTS: EACH WEEK DR. RAMON PRATS, RUBIN MUSEUM OF ART CURATOR, EXPLORED WITH AN EXPERT FROM A DIFFERENT DISCIPLINE HOW THIS TEXT, BORN OUT OF ONE ANCIENT CULTURE, CAN BE APPLIED TO OUR PRESENT. THE BOOK CLUB SERIES DREW 905 ATTENDEES.- ICONS CONFERENCE - OCTOBER 8-9, 2010IN ASSOCIATION WITH THE EMBODYING THE HOLY EXHIBITION, THE MUSEUM HOSTED AN INTERNATIONAL CONFERENCE TO EXPLORE RELIGIOUS ICONOGRAPHY IN THE TIBETAN BUDDHIST AND ORTHODOX CHRISTIAN RELIGIONS, AND THE UNIVERSAL POWER OF RELIGIOUS SYMBOLISM IN GENERAL. PARTICIPANTS INCLUDED ANNEMARIE WEYL CARR, DISTINGUISHED PROFESSOR OF ART HISTORY EMERITA AT SOUTHERN METHODIST UNIVERSITY; MICHAEL S. FLIER, PROFESSOR OF UKRAINIAN PHILOLOGY AT HARVARD; PHYLLIS GRANOFF, PROFESSOR OF DEPARTMENT OF RELIGIOUS STUDIES AT YALE; KOICHI SHINOHARA, AND PROFESSOR OF EAST ASIAN BUDDHISM IN THE DEPARTMENT OF RELIGIOUS STUDIES AT YALE AMONG OTHERS.- ...TALK ABOUT NOTHING - A DIALOGUE SERIES, PRESENTED IN ASSOCIATION WITH GRAIN OF EMPTINESS EXHIBITION, THAT FEATURED ON-STAGE CONVERSATIONS BETWEEN PROMINENT ARTISTS AND PROFESSIONALS FROM DIFFERENT WALKS OF LIFE ON THE BUDDHIST PHILOSOPHIES EXPLORED IN THE EXHIBITION. PARTICIPANTS INCLUDED DOCUMENTARIAN KEN BURNS, COMEDIENNE SARAH BERNHARD, PERFORMANCE ARTIST LAURIE ANDERSON, DIRECTORS MIKE NICHOLS AND PETER SELLERS, AUTHOR MICHAEL CUNNINGHAM, ARTIST ANTONY GORMLEY AND ACTRESS FIONA SHAW. 982 ATTENDEES.- OUT IN THE HIMALAYAS - THIS ANNUAL EVENT SERIES WAS LAUNCHED DURING GAY PRIDE MONTH. THE WEDNESDAY NIGHT LINE-UPS OF SPECIAL GUEST SPEAKERS AND PERFORMANCES FOCUSED ON GAY, LESBIAN, AND TRANSGENDER ISSUES IN THE HIMALAYAN REGION.
(Code:   ) (Expenses $ 2,025,634 including grants of $   ) (Revenue $ 451,176 )
PUBLICATIONS, INCLUDING EXHIBITIONS CATALOGUES, SHOP, PUBLIC RELATIONS & MARKETING.
4d Other program services. (Describe in Schedule O.)
(Expenses $ 2,025,634 including grants of $   ) (Revenue $ 451,176 )
4e Total program service expensesMediumBullet$ 10,138,971
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III.....
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1.....................
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
169
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
105
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
20
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
20
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
 
No
14
Does the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
MARILENA CHRISTODOULOU
150 WEST 17TH STREET
NEW YORK,NY10011
(212) 620-5000
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) DONALD RUBIN
CO-CHAIR/CHIEF EXECUTIVE OFFICER
 20.00 X   X       0 0 0
(2) SHELLEY RUBIN
CO-CHAIR/SECRETARY
 5.00 X   X       0 0 0
(3) RAVI AKHOURY
TRUSTEE
 1.00 X           0 0 0
(4) ROBERT BAYLIS
TRUSTEE
 1.00 X           0 0 0
(5) EDWARD BERGMAN
TRUSTEE
 1.00 X           0 0 0
(6) PAYAL CHAUDHRI
TRUSTEE
 1.00 X           0 0 0
(7) KIMBERLY FERRARI
TRUSTEE
 1.00 X           0 0 0
(8) EVA HALLER
TRUSTEE
 1.00 X           0 0 0
(9) PETER HUTCHINGS
TREASURER/TRUSTEE
 1.00 X   X       0 0 0
(10) ROBERT JAIN
TRUSTEE
 1.00 X           0 0 0
(11) VIKAS KAPOOR
TRUSTEE
 1.00 X           0 0 0
(12) MICHAEL MCCORMICK
TRUSTEE
 1.00 X           0 0 0
(13) REV JAMES P MORTON
TRUSTEE
 1.00 X           0 0 0
(14) DAVID NALIN
TRUSTEE
 1.00 X           0 0 0
(15) MARK NORELL
TRUSTEE
 1.00 X           0 0 0
(16) DAVID PRITZKER
TRUSTEE
 1.00 X           0 0 0
(17) EILEEN CAULFIELD SCHWAB
TRUSTEE
 1.00 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) DANIEL SCHWARTZ
TRUSTEE
 1.00 X           0 0 0
(19) ERIC SCHOENBERG
TRUSTEE
 1.00 X           0 0 0
(20) STEPHEN SPAHN
TRUSTEE
 1.00 X           0 0 0
(21) MARILENA CHRISTODOULOU
CHIEF FINANCIAL OFFICER
 40.00     X       176,303 0 24,442
(22) PATRICK SEARS
CHIEF OPERATING OFFICER
 40.00     X       181,605 0 7,651
(23) MARTIN BRAUEN
CHIEF CURATOR
 40.00       X     178,693 0 19,395
(24) TIM MCHENRY
PRODUCER
 40.00         X   136,566 0 15,833
(25) MITCHELL S ROTH
FACILITIES MANAGER & CHIEF ENGINEERING
 40.00         X   116,822 0 27,391
(26) CHRIS PHELAN
HEAD OF SPECIAL EVENTS
 40.00         X   106,878 0 10,981








1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 896,867 0 105,693
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet6
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
IBEX CONSTRUCTION
1372 BROADWAY
NEW YORK,NY10018 		CONSTRUCTION CONTRACTING 1,319,996
T & M PROTECTION
230 PARK AVENUE
NEW YORK,NY10169 		SECURITY SERVICES 476,251
LEE H SKOLNICK ARCHITECTURE & DESIGN
7 WEST 22ND STREET
NEW YORK,NY10010 		ARCHITECTURAL DESIGN 239,487
UNITED SERVICES OF AMERICA
2001 WEST MAIN STREET
STAMFORD,CT06902 		CLEANING SERVICES 178,841
INSIGHT EXHIBITS
75 BRYANT TRAIL
CARMEL,NY10509 		EXHIBITION FRAMING 162,376
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet9
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b 418,082
c Fundraising events....1c 400,720
d Related organizations...1d  
e Government grants (contributions)1e 143,086
f All other contributions, gifts, grants, and
similar amounts not included above1f 		766,958
g Noncash contributions included in lines 1a-1f:$ 35,082
h Total. Add lines 1a-1f.......MediumBullet 1,728,846
Program Service Revenue Business Code
2a PROGRAM FEES 713,990 341,713 341,713    
b MUSEUM ADMISSION FEES 713,990 320,731 320,731    
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 662,444
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 1,642,054     1,642,054
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents 1,018,763  
b Less: rental expenses 457,487  
c Rental income or (loss) 561,276  
d Net rental income or (loss).......MediumBullet 561,276     561,276
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 17,504,225  
b Less: cost or other basis and sales expenses 17,982,348  
c Gain or (loss) -478,123  
d Net gain or (loss)..........MediumBullet -478,123     -478,123
8a Gross income from fundraising events (not including
$ 400,720
of contributions reported on line 1c). See Part IV, line 18 ...
a 165,130
b Less: direct expenses ...b 165,130
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a 902,194
b Less: cost of goods sold ..b 489,505
c Net income or (loss) from sales of inventory..MediumBullet 412,689 412,689    
Miscellaneous Revenue Business Code
11a MISCELLANEOUS REVENUE 900,099 38,487 38,487    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 38,487
12 Total revenue. See Instructions....MediumBullet 4,567,673 1,113,620 0 1,725,207
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21    
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 588,090 410,866 137,075 40,149
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 3,630,135 2,363,823 908,247 358,065
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 63,909 42,044 15,561 6,304
9 Other employee benefits ....... 473,312 311,430 117,769 44,113
10 Payroll taxes ........... 360,554 237,175 89,364 34,015
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 18,111 13,463 1,583 3,065
c Accounting ........... 69,300   69,300  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17.. 49,744 49,744
f Investment management fees ...... 174,280   174,280  
g Other .......... 1,833,720 1,511,116 223,435 99,169
12 Advertising and promotion .... 442,139 381,367 28,073 32,699
13 Office expenses ....... 1,219,567 872,902 241,131 105,534
14 Information technology ......        
15 Royalties ..        
16 Occupancy ........... 1,011,647 709,839 264,072 37,736
17 Travel ............ 192,238 153,921 28,438 9,879
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings ....        
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 2,080,750 1,567,667 371,416 141,667
23 Insurance .............. 133,595 115,533 13,397 4,665
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a ART COLLECTION PURCHASE 710,000 710,000    
b PROGRAM & SUPPORTING SE 575,247 413,273 42,648 119,326
c ART FRAMINING AND CONSE 304,295 304,295 0 0
d MISCELLANEOUS EXPENSES 35,653 2,040 32,912 701
e PUBLICATIONS, SUBS/DUES 27,334 18,217 4,998 4,119
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 13,993,620 10,138,971 2,763,699 1,090,950
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 235,720 1 170,275
2 Savings and temporary cash investments ....... 426,204 2 272,766
3 Pledges and grants receivable, net ......... 760,358 3 611,589
4 Accounts receivable, net ......... 144,281 4 125,420
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 625,152 8 628,134
9 Prepaid expenses and deferred charges ............ 162,305 9 246,851
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 71,989,881
b Less: accumulated depreciation. ..... 10b 13,731,080 58,240,655 10c 58,258,801
11 Investments—publicly traded securities .......... 57,147,559 11 53,829,955
12 Investments—other securities. See Part IV, line 11 ...... 3,949,510 12 4,515,640
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 29,678 15 0
16 Total assets. Add lines 1 through 15 (must equal line 34)... 121,721,422 16 118,659,431
Liabilities 17 Accounts payable and accrued expenses . 828,656 17 1,241,612
18 Grants payable ..........   18  
19 Deferred revenue .......... 45,000 19 17,275
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 69,145 25 69,982
26 Total liabilities. Add lines 17 through 25..... 942,801 26 1,328,869
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 114,339,989 27 115,636,681
28 Temporarily restricted net assets ..... 6,438,632 28 1,693,881
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 120,778,621 33 117,330,562
34 Total liabilities and net assets/fund balances ..... 121,721,422 34 118,659,431
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
4,567,673
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
13,993,620
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
-9,425,947
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
120,778,621
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
5,977,888
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
117,330,562
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 50,050,669 10,017,818 1,396,198 6,767,350 1,728,846 69,960,881
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3.. 50,050,669 10,017,818 1,396,198 6,767,350 1,728,846 69,960,881
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..           60,237,367
6 Public Support. Subtract line 5 from line 4.           9,723,514
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4.. 50,050,669 10,017,818 1,396,198 6,767,350 1,728,846 69,960,881
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 3,103,619 6,753,724 2,453,487 2,181,033 2,660,817 17,152,680
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets.. 127,770 90,862 30,286 44,770 38,487 332,175
11 Total support (Add lines 7 through 10).           87,445,736
12
12
6,667,671
13
Section C. Computation of Public Support Percentage
14
14
11.120 %
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
THE RUBIN MUSEUM OF ART'S PERCENTAGE OF PUBLIC SUPPORT IS 11.12%. 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). THE MUSEUM SUCCESSFULLY COMPLETED THE TERMINATION OF ITS PRIVATE FOUNDATION STATUS AS OF DECEMBER 31, 2010 AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE IN 2011 AFFIRIMING ITS PUBLIC CHARITY STATUS BASED ON THESE FACTS AND CIRCUMSTANCES.
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST 		Employer identification number

22-6799567
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST 		Employer identification number

22-6799567
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST 		Employer identification number

22-6799567
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 48,566,274 38,138,518 76,051,060
b Contributions ........      
c Investment earnings or losses ... 6,454,458 10,427,756 -27,289,490
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		292,625   10,623,052
f Administrative expenses ....      
g End of year balance ...... 54,728,107 48,566,274 38,138,518
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet100.000 %
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ................. 378,750 5,650,496 6,029,246
b Buildings ................ 2,146,250 30,382,864 6,591,531 25,937,583
c Leasehold improvements ............ 635,952 30,761,991 5,650,923 25,747,020
d Equipment ................   1,415,397 1,093,678 321,719
e Other ................. 11,019 607,162 394,948 223,233
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 58,258,801
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
SECURITY DEPOSITS 69,982








Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 69,982
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 4,567,673
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 13,993,620
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 -9,425,947
4 Net unrealized gains (losses) on investments .......................... 4 5,977,888
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 5,977,888
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -3,448,059
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 11,318,273
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 5,977,888
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d ..................... 2e 5,977,888
3 Subtract line 2e from line 1..................... 3 5,340,385
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 174,280
b Other (Describe in Part XIV): ........... 4b -946,992
c Add lines 4a and 4b....................... 4c -772,712
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 4,567,673
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 14,056,332
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 946,992
e Add lines 2a through 2d...................... 2e 946,992
3 Subtract line 2e from line 1..................... 3 13,109,340
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 174,280
b Other (Describe in Part XIV): ............ 4b 710,000
c Add lines 4a and 4b....................... 4c 884,280
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 13,993,620
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
  PART III, LINE 1A: THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSUEM'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS 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. 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 2,000 OBJECTS IS CONSIDERED TO BE THE MOST EXTENSIVE OF ITS KIND IN THE WEST. IT INCLUDES HIMALAYAN PAINTINGS, SCULPTURES, 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.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS.
PART XII, LINE 4B - OTHER ADJUSTMENTS:   COST OF GOODS SOLD -489,505. EXPENSES - RESIDENTIAL APARTMENTS -457,487.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:   COST OF GOODS SOLD 489,505. EXPENSES - RESIDENTIAL APARTMENTS 457,487.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:   ART COLLECTION PURCHASES 710,000.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
SUSAN ULIN ASSOCIATES LTD
156 FIFTH AVENUE
 
NEW YORK, NY10010 		PROFESSIONAL FUNDRAISING/GALA PLANNING Yes   565,850 49,744 516,106
Total .................right arrow 565,850 49,744 516,106
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
NY
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

GALA
(event type) 		(b) Event #2

 
(event type) 		(c) Other Events

  
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 565,850     565,850
2 Less: Charitable
contributions . . . 		400,720     400,720
3 Gross income (line 1
minus line 2) . . . 		165,130     165,130
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages . . 80,801     80,801
8 Entertainment . . . 1,750     1,750
9 Other direct expenses . 82,579     82,579
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 165,130
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow 0
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) MARILENA CHRISTODOULOU (i)
(ii)		 175,275
0 		0
0 		1,028
0 		5,535
0 		18,907
0 		200,745
0 		0
0
(2) PATRICK SEARS (i)
(ii)		 180,554
0 		0
0 		1,051
0 		5,651
0 		2,000
0 		189,256
0 		0
0
(3) MARTIN BRAUEN (i)
(ii)		 177,642
0 		0
0 		1,051
0 		3,461
0 		15,934
0 		198,088
0 		0
0
(4) TIM MCHENRY (i)
(ii)		 136,318
0 		0
0 		248
0 		4,329
0 		11,504
0 		152,399
0 		0
0












Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art .... X 32 0  
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 1 35,082 FMV
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
7
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
NON REPORTING OF REVENUE: PART I, LINE 33: RMA DOES NOT CAPITALIZE ITS COLLECTION, AND PURSUANT TO ITS ACCOUNTING POLICY, DOES NOT RECOGNIZE REVENUE FOR ANY DONATIONS OF COLLECTION ITEMS IN THE STATEMENT OF ACTIVITIES.
Schedule M (Form 990) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
RUBIN MUSEUM OF ART AKA THE SHELLEY
& DONALD RUBIN CULTURAL TRUST
Employer identification number

22-6799567
Identifier Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2   DONALD RUBIN AND SHELLEY RUBIN HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 7A   TWO TRUSTEES, DONALD RUBIN AND SHELLEY RUBIN, HAVE THE RIGHT TO APPOINT UP TO THREE TRUSTEES TO THE BOARD PROVIDED SUCH TRUSTEES ARE FAMILY MEMBERS OF THEIR FAMILY. TO DATE, DONALD RUBIN AND SHELLEY RUBIN HAVE NEVER EXERCISED THIS RIGHT.
FORM 990, PART VI, SECTION B, LINE 11   FORM 990 IS PREPARED BY THE RUBIN MUSEUM OF ART'S INDEPENDENT ACCOUNTANTS, REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING TO ALLOW 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 CFO REVIEWS ALL SUCH STATEMENTS AND, IF THERE IS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE CFO BRINGS IT TO THE ATTENTION OF THE CEO AND THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS POTENTIAL CONFLICTS AND, AT ITS DISCRETION, MAY INVESTIGATE FURTHER AND IMPOSE RESTRICTIONS ON THE TRUSTEES' INVOLVEMENT IN MATTERS WHERE A CONFLICT MAY EXIST. ANY MEMBER INVOLVED IN THE POTENTIAL CONFLICT IS NOT INVOLVED IN THE DECISION PROCESS.
  FORM 990, PART VI, SECTION B, LINE 15 THE CEO OF THE RUBIN MUSEUM OF ART RECEIVES NO COMPENSATION. 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 IS PRESENTED TO THE CEO BY THE COO AND CFO ON AN ANNUAL BASIS. THE COMPENSATION FOR EMPLOYEES IS THEN APPROVED BY THE CEO AND ALSO BY THE CHAIR OF THE EXECUTIVE COMMITTEE OF THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN FOR SENIOR MANAGEMENT (ALL DEPARTMENT HEADS, CHIEF CURATOR, COO AND CFO) IN DECEMBER 2010.
  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. THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,977,888.
  FORM 990, PART VI, SECTION B, LINES 13 AND 14: RUBIN MUSEUM OF ART'S PUBLIC CHARITY STATUS WAS APPROVED BY THE INTERNAL REVENUE SERVICE IN SEPTEMBER 2011, EFFECTIVE JANUARY 1, 2006. THE MUSEUM IS NOW IN THE PROCESS OF ADOPTING WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version: