Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
MUSEUM OF RUSSIAN ICONS INC
 

Number and street (or P.O. box number if mail is not delivered to street address)203 UNION STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CLINTON, MA01510
A Employer identification number

20-1992304
B Telephone number (see instructions)

(978) 598-5000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$23,728,128J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 9,325,175
2 Check bullet
3 Interest on savings and temporary cash investments 24 24 24
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,773
b Gross sales price for all assets on line 6a 770,814
7 Capital gain net income (from Part IV, line 2)... 768,860
8 Net short-term capital gain......... 768,860
9 Income modifications...........  
10a Gross sales less returns and allowances 120,837
b Less: Cost of goods sold.... 103,478
c Gross profit or (loss) (attach schedule)..... 17,359 17,359
11 Other income (attach schedule)....... Click to see attachment 147,524 0 147,524
12 Total. Add lines 1 through 11........ 9,501,855 768,884 933,767
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 418,757 0 0 418,757
14 Other employee salaries and wages...... 165,580 0 0 165,580
15 Pension plans, employee benefits....... 45,903 0 0 45,903
16a Legal fees (attach schedule)......... Click to see attachment 1,513 0 0 1,513
b Accounting fees (attach schedule)....... Click to see attachment 12,637 0 0 12,637
c Other professional fees (attach schedule).... Click to see attachment 76,705 0 0 76,705
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 54,258 0 0 54,258
19 Depreciation (attach schedule) and depletion... Click to see attachment 352,012 0 338,114
20 Occupancy..............        
21 Travel, conferences, and meetings....... 31,112 0 0 31,112
22 Printing and publications.......... 42,099 0 0 42,099
23 Other expenses (attach schedule)....... Click to see attachment 553,892 0 0 553,892
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,754,468 0 338,114 1,402,456
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,754,468 0 338,114 1,402,456
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,747,387
b Net investment income (if negative, enter -0-) 768,884
c Adjusted net income (if negative, enter -0-)... 595,653
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 41,390 1,080,102 1,080,102
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet9,116
Less: allowance for doubtful accounts bullet   10,192 9,116 9,116
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   21,040 21,040
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use............... 88,930 60,518 60,518
9 Prepaid expenses and deferred charges........... 26,636 57,141 57,141
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet11,352,493
Less: accumulated depreciation (attach schedule) bullet1,546,674 10,066,906 Click to see attachment9,805,819 9,805,819
15 Other assets (describe bullet) Click to see attachment5,686,652 Click to see attachment12,694,392 Click to see attachment12,694,392
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,920,706 23,728,128 23,728,128
Liabilities 17 Accounts payable and accrued expenses.......... 13,991 67,238
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment4,112 Click to see attachment10,900
23 Total liabilities (add lines 17 through 22).......... 18,103 78,138
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 15,902,603 23,649,990
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 15,902,603 23,649,990
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 15,920,706 23,728,128
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 15,902,603
2 Enter amount from Part I, line 27a..................... 2 7,747,387
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 23,649,990
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 23,649,990
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a BRISTOL MYERS SQUIBB COMPANY - 3,000 SHS D 2013-12-18 2013-12-23
b DU PONT - 3,000 SHS DD D 2013-12-18 2013-12-19
c HOME DEPOT INC. - 5,300 SHS HD D 2013-12-18 2013-12-19
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 159,999   637 159,362
b 186,664   611 186,053
c 424,151   706 423,445
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       159,362
b       186,053
c       423,445
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 768,860
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 768,860
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 1,289,759 87,202 14.790475
2011 1,135,866 106,703 10.645118
2010 1,137,790 206,168 5.518752
2009 809,064 252,835 3.199968
2008 974,463 135,654 7.183445
2 Total of line 1, column (d) ...................... 2 41.337758
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 8.267552
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 112,804
5 Multiply line 4 by line 3....................... 5 932,613
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,689
7 Add lines 5 and 6......................... 7 940,302
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,402,456
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 7,689
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 7,689
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,689
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 597
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 7,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,097
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 408
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet408 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.MUSEUMOFRUSSIANICONS.ORG
    14
    The books are in care ofbulletGORDON B LANKTON Telephone no.bullet (978) 598-5000
    Located atbullet203 UNION STREETCLINTONMA ZIP+4bullet01510
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GORDON B LANKTON PRESIDENT AND TREASURER
    20.00     		0 0 0
    42 BRIARWOOD CIRCLE
    WORCESTER,MA01606
    KENT RUSSELL ASST. TREASURER AND SECRETARY
    40.00     		343,757 0 12,861
    73 LANCASTER AVE
    LUNENBURG,MA01462
    RICHARD DEARBORN SECRETARY
    1.00     		0 0 0
    101 BARRY ROAD UNIT 41D
    WORCESTER,MA01609
    RUAH DONNELLY DIRECTOR
    1.00     		0 0 0
    PO BOX 913
    CONWAY,MA01341
    SUSAN LANKTON-RIVAS DIRECTOR
    1.00     		0 0 0
    23 CARRIAGE HOUSE PATH
    ASHLAND,MA01721
    ERIC A LOWREY DIRECTOR
    1.00     		0 0 0
    100 FEDERAL STREET
    BOSTON,MA02110
    DR SVETLANA NIKITINA DIRECTOR
    1.00     		0 0 0
    30 RUSSELL ROAD
    WELLESLEY,MA02482
    TARA YOUNG DEPUTY DIRECTOR
    40.00     		75,000 0 0
    16 THORNDYKE ROAD
    WORCESTER,MA01606
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    ATOMIC DESIGN GRAPHIC DESIGN, PRINTING, & ADVERTISING 142,716
    16 SCHOOL STREET
    BOYLSTON,MA01505
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 OWN AND OPERATE A MUSEUM FOR THE DISPLAY OF RUSSIAN ICONS AND OTHER ITEMS OF HISTORIC INTEREST 8,501,121
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
     
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$  
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2013.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
    2006-05-04
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
    5,640 0 0 10,308 15,948
    b 85% of line 2a ......... 4,794 0 0 8,762 13,556
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,402,456 1,289,759 1,135,866 1,147,700 4,975,781
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,402,456 1,289,759 1,135,866 1,147,700 4,975,781
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 23,728,128 15,920,706 15,337,782 12,253,264 67,239,880
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 22,648,026 15,869,124 15,220,007 12,218,935 65,956,092
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GORDON B LANKTON
    KENT RUSSELL
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aADMISSION FEES         53,971
    bANNUAL APPEAL         23,596
    cCORPORATE RENTALS         11,785
    dEXHIBITION FEES - TRAVELING ART         4,000
    eGRANTS         6,000
    fMEMBERSHIP FEES         23,135
    PROGRAMS AND EVENTS         25,037
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		        24
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        11,773
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         17,359
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 176,680
    13Total. Add line 12, columns (b), (d), and (e)..................
    13176,680
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 THE INCOME REPORTED SUPPORTS THE OPERATION OF THE MUSEUM.
    3 THE INTEREST INCOME REPORTED IS EARNED ON CASH FUNDS WHICH ARE USED TO SUPPORT THE OPERATION OF THE MUSEUM.
    8 THE GAIN REPORTED IS FROM THE SALE OF DONATED STOCK WHOSE FUNDS WERE USED TO SUPPORT THE OPERATION OF THE MUSEUM.
    10 THE INCOME REPORTED IS FROM THE SALE OF MERCHANDISE RELATED TO THE ACHIEVEMENT OF THE MUSUEM'S EXEMPT EDUCATIONAL PURPOSE.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    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 taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    MUSEUM OF RUSSIAN ICONS INC
     
    Employer identification number

    20-1992304
    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 on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, 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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    MUSEUM OF RUSSIAN ICONS INC
          		Employer identification number

    20-1992304
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    GORDON B LANKTON  
    42 BRIARWOOD CIRCLE
     
    WORCESTER, MA01606

    		$1,566,134


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    GORDON B LANKTON  
    42 BRIARWOOD CIRCLE
     
    WORCESTER, MA01606

    		$7,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    GORDON B LANKTON  
    42 BRIARWOOD CIRCLE
     
    WORCESTER, MA01606

    		$155,145


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    GORDON B LANKTON  
    42 BRIARWOOD CIRCLE
     
    WORCESTER, MA01606

    		$184,215


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    GORDON B LANKTON  
    42 BRIARWOOD CIRCLE
     
    WORCESTER, MA01606

    		$419,681


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    MUSEUM OF RUSSIAN ICONS INC
          		Employer identification number

    20-1992304
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 ARTWORK $7,000,000 2013-12-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 3,000 SHARES OF BRISTOL MYERS SQUIBB COMPANY (BMY) $155,145 2013-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 3,000 SHARES OF DU PONT (DD) $184,215 2013-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 5,300 SHARES OF HOME DEPOT INC. (HD) $419,681 2013-12-18
    (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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    MUSEUM OF RUSSIAN ICONS INC
          		Employer identification number

    20-1992304
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total 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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (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) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 12,637 0 0 12,637

    TY 2013 AllOthProgRltdInvestmentsSch
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount
    NONE 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 DepreciationSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2006-10-15 2,924,339 465,519 SL 39.000000000000 74,983 0 74,983  
    FURNITURE & FIXTURES 2006-10-15 39,727 36,692 200DB 7.000000000000 3,035 0 3,035  
    COMPUTER EQUIPMENT 2006-10-15 58,313 58,313 200DB 5.000000000000 0 0 0  
    FURNITURE & FIXTURES (NES RENTALS) 2007-06-15 5,750 4,980 200DB 7.000000000000 513 0 770  
    FURNITURE & FIXTURES (PIANO) 2007-10-03 11,000 9,528 200DB 7.000000000000 981 0 1,472  
    COMPUTER EQUIPMENT (SERVER) 2007-02-26 4,668 4,668 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT (SOUND STICK SYSTEM) 2007-05-07 4,321 4,321 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT (SECURITY SYSTEM) 2007-10-03 1,501 1,501 200DB 5.000000000000 0 0 0  
    FURNITURE & FIXTURES (DISPLAY CASES) 2007-07-01 43,087 37,319 200DB 7.000000000000 3,845 0 5,768  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 2,375 216 SL 39.000000000000 61 0 61  
    FURNITURE & FIXTURES (PIANO DOLLY) 2008-03-26 1,697 659 200DB 7.000000000000 76 0 242  
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2008-07-16 2,899 1,125 200DB 7.000000000000 130 0 414  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-08-20 2,003 777 200DB 7.000000000000 90 0 286  
    FURNITURE & FIXTURES (MUSEUM STOOLS) 2008-08-27 3,000 1,165 200DB 7.000000000000 134 0 429  
    FURNITURE & FIXTURES (CHAIR & TABLES) 2008-08-28 14,582 5,664 200DB 7.000000000000 651 0 2,083  
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 2008-08-29 1,612 626 200DB 7.000000000000 72 0 230  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-10-07 4,673 1,815 200DB 7.000000000000 208 0 668  
    COMPUTER EQUIPMENT (PHONE SYSTEM) 2008-09-10 6,480 3,053 200DB 5.000000000000 187 0 864  
    COMPUTER EQUIPMENT (LAPTOP) 2008-11-07 1,289 607 200DB 5.000000000000 37 0 215  
    BUILDING (PURCHASE OF 107-110 MECHANIC STREET) 2008-08-25 89,388 10,028 SL 39.000000000000 2,292 0 2,292  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 1,698,740 154,265 SL 39.000000000000 43,557 0 43,557  
    FURNITURE & FIXTURES (CHAIRS) 2009-06-09 2,024 696 200DB 7.000000000000 90 0 289  
    FURNITURE & FIXTURES (CHAIRS) 2009-11-17 4,701 1,616 200DB 7.000000000000 210 0 672  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-07-31 8,066 2,773 200DB 7.000000000000 360 0 1,152  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-08-15 6,456 2,220 200DB 7.000000000000 288 0 922  
    EQUIPMENT (PHONE SYSTEM) 2009-03-27 1,160 480 200DB 5.000000000000 67 0 232  
    EQUIPMENT (LIBRARY) 2009-03-20 650 269 200DB 5.000000000000 37 0 130  
    EQUIPMENT (LISTENING WAND) 2009-03-27 17,500 7,238 200DB 5.000000000000 1,008 0 3,500  
    EQUIPMENT (COMPUTER) 2009-03-03 772 319 200DB 5.000000000000 45 0 154  
    EQUIPMENT (CD/DVD DUPLICATOR) 2009-06-09 799 330 200DB 5.000000000000 46 0 160  
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 2009-07-31 1,902 787 200DB 5.000000000000 109 0 380  
    EQUIPMENT (PHONE SYSTEM) 2009-07-31 770 318 200DB 5.000000000000 45 0 154  
    EQUIPMENT (COMPUTER) 2009-08-29 1,612 667 200DB 5.000000000000 93 0 322  
    SOFTWARE (ADOBE) 2009-09-15 236 118 200DB 3.000000000000 0 0 0  
    EQUIPMENT (LAPTOP) 2009-09-15 2,019 835 200DB 5.000000000000 116 0 404  
    EQUIPMENT (ALARM) 2009-09-16 5,780 2,391 200DB 5.000000000000 333 0 1,156  
    EQUIPMENT (EMERGENCY GENERATOR) 2009-01-20 26,600 11,002 200DB 5.000000000000 1,532 0 5,320  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 837,265 76,033 SL 39.000000000000 21,468 0 21,468  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-01 290,383 22,027 SL 39.000000000000 7,446 0 7,446  
    EQUIPMENT (COMPUTER) 2010-08-23 622 443 200DB 5.000000000000 72 0 124  
    BUILDING (PURCHASE OF 195 UNION STREET) 2010-10-23 173,700 9,836 SL 39.000000000000 4,454 0 4,454  
    LAND (PURCHASE OF 195 UNION STREET)   98,300   L   0 0 0  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2010-10-23 1,688,842 95,630 SL 39.000000000000 43,304 0 43,304  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 2,209,137 68,446 SL 39.000000000000 56,645 0 56,645  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-21 6,951 527 SL 39.000000000000 178 0 178  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-03-30 8,118 581 SL 39.000000000000 208 0 208  
    WIRELESS RECEIVER 2011-02-10 695   200DB 5.000000000000 0 0 139  
    TRANSMITTERS 2011-02-10 6,162   200DB 5.000000000000 0 0 1,232  
    HANGING PANEL 2011-06-20 320   200DB 7.000000000000 0 0 46  
    PAST PERFECT SOFTWARE 2011-02-21 926   200DB 3.000000000000 0 0 309  
    COMPUTER 2011-03-30 825   200DB 5.000000000000 0 0 165  
    XEROX MACHINE 2011-04-27 1,700   200DB 5.000000000000 0 0 340  
    COMPUTER 2011-09-27 1,295   200DB 5.000000000000 0 0 259  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 75,371 2,336 SL 39.000000000000 1,933 0 1,933  
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2012-09-12 2,500 188 200DB 5.000000000000 425 0 500  
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 2012-11-06 4,324 108 200DB 5.000000000000 822 0 865  
    COMPUTER EQUIPMENT (PAST PERFECT SOFTWARE - LCC) 2012-11-21 1,770 74 200DB 3.000000000000 541 0 590  
    CAPITALIZED CONSULTING FEES (LCC) 2012-10-17 35,111 188 SL 39.000000000000 900 0 900  
    CAPITALIZED BUILDING RENOVATIONS 2012-01-01 117,759 2,894 SL 39.000000000000 3,019 0 3,019  
    CAPITALIZED BUILDING RENOVATIONS 2012-02-01 1,484 33 SL 39.000000000000 38 0 38  
    CAPITALIZED BUILDING RENOVATIONS 2012-03-01 13   SL 39.000000000000 0 0 0  
    CAPITALIZED BUILDING RENOVATIONS 2012-02-21 20,505 460 SL 39.000000000000 526 0 526  
    CAPITALIZED BUILDING RENOVATIONS 2012-03-14 18,105 368 SL 39.000000000000 464 0 464  
    CAPITALIZED BUILDING RENOVATIONS 2012-04-20 221 4 SL 39.000000000000 6 0 6  
    CAPITALIZED BUILDING RENOVATIONS 2012-08-31 32,038 308 SL 39.000000000000 821 0 821  
    CAPITALIZED BUILDING RENOVATIONS 2012-06-15 8,960 124 SL 39.000000000000 230 0 230  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2012-10-17 444,360 3,289 SL 39.000000000000 11,394 0 11,394  
    EQUIPMENT (AUDIO TOUR SYSTEM - LCC) 2012-10-17 17,896   200DB 5.000000000000 7,158 0 3,579  
    FURNITURE & FIXTURES (DISPLAY CASES - LCC) 2012-10-17 141,561   200DB 7.000000000000 40,446 0 20,223  
    EQUIPMENT (ALARM SYSTEM - LCC) 2012-10-17 1,638   200DB 7.000000000000 468 0 234  
    EQUIPMENT (OFFICE EQUIPMENT - LCC) 2012-10-17 10,220   200DB 7.000000000000 2,920 0 1,460  
    EQUIPMENT (AC COMPRESSOR) 2013-07-10 2,586   200DB 7.000000000000 1,478 0 185  
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 2013-01-31 6,587   200DB 7.000000000000 3,764 0 863  
    FURNITURE & FIXTURES (LECTURN) 2013-02-21 725   200DB 7.000000000000 415 0 86  
    FURNITURE & FIXTURES (LIGHTING) 2013-12-30 2,680   200DB 7.000000000000 1,531 0 0  
    COMPUTER EQUIPMENT 2013-01-08 3,320   200DB 5.000000000000 1,992 0 664  
    COMPUTER EQUIPMENT 2013-12-04 600   200DB 5.000000000000 360 0 10  
    COMPUTER EQUIPMENT 2013-12-09 795   200DB 5.000000000000 477 0 13  
    CAPITALIZED CONSULTING FEES (CHURCH)   1,200   NC 0 % 0 0 0  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET)   5,074   NC 0 % 0 0 0  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2013-12-15 1,466   SL 39.000000000000 2 0 2  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-01-15 4,848   SL 39.000000000000 119 0 119  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-03-15 1,836   SL 39.000000000000 37 0 37  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-07-15 1,874   SL 39.000000000000 22 0 22  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET)   5,689   NC 0 % 0 0 0  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-01-15 1,736   SL 39.000000000000 43 0 43  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-02-15 5,160   SL 39.000000000000 116 0 116  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-03-15 280   SL 39.000000000000 6 0 6  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-04-15 2,400   SL 39.000000000000 44 0 44  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-05-15 4,437   SL 39.000000000000 71 0 71  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-06-15 11,268   SL 39.000000000000 156 0 156  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 4,216   SL 39.000000000000 50 0 50  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 11,320   SL 39.000000000000 133 0 133  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-08-15 3,656   SL 39.000000000000 35 0 35  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-09-15 5,181   SL 39.000000000000 39 0 39  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-10-15 748   SL 39.000000000000 4 0 4  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-12-15 1,243   SL 39.000000000000 1 0 1  

    TY 2013 LandEtcSchedule2
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 2,924,339 540,502 2,383,837 2,383,837
    FURNITURE & FIXTURES 39,727 39,727 0 0
    COMPUTER EQUIPMENT 58,313 58,313 0 0
    FURNITURE & FIXTURES (NES RENTALS) 5,750 5,493 257 257
    FURNITURE & FIXTURES (PIANO) 11,000 10,509 491 491
    COMPUTER EQUIPMENT (SERVER) 4,668 4,668 0 0
    COMPUTER EQUIPMENT (SOUND STICK SYSTEM) 4,321 4,321 0 0
    COMPUTER EQUIPMENT (SECURITY SYSTEM) 1,501 1,501 0 0
    FURNITURE & FIXTURES (DISPLAY CASES) 43,087 41,164 1,923 1,923
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2,375 277 2,098 2,098
    FURNITURE & FIXTURES (PIANO DOLLY) 1,697 1,584 113 113
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2,899 2,705 194 194
    FURNITURE & FIXTURES (LEATHER STOOLS) 2,003 1,869 134 134
    FURNITURE & FIXTURES (MUSEUM STOOLS) 3,000 2,799 201 201
    FURNITURE & FIXTURES (CHAIR & TABLES) 14,582 13,606 976 976
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 1,612 1,504 108 108
    FURNITURE & FIXTURES (LEATHER STOOLS) 4,673 4,360 313 313
    COMPUTER EQUIPMENT (PHONE SYSTEM) 6,480 6,480 0 0
    COMPUTER EQUIPMENT (LAPTOP) 1,289 1,289 0 0
    BUILDING (PURCHASE OF 107-110 MECHANIC STREET) 89,388 12,320 77,068 77,068
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 1,698,740 197,822 1,500,918 1,500,918
    FURNITURE & FIXTURES (CHAIRS) 2,024 1,798 226 226
    FURNITURE & FIXTURES (CHAIRS) 4,701 4,177 524 524
    FURNITURE & FIXTURES (ARTWORK MOUNT) 8,066 7,166 900 900
    FURNITURE & FIXTURES (ARTWORK MOUNT) 6,456 5,736 720 720
    EQUIPMENT (PHONE SYSTEM) 1,160 1,127 33 33
    EQUIPMENT (LIBRARY) 650 631 19 19
    EQUIPMENT (LISTENING WAND) 17,500 16,996 504 504
    EQUIPMENT (COMPUTER) 772 750 22 22
    EQUIPMENT (CD/DVD DUPLICATOR) 799 776 23 23
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 1,902 1,847 55 55
    EQUIPMENT (PHONE SYSTEM) 770 748 22 22
    EQUIPMENT (COMPUTER) 1,612 1,566 46 46
    SOFTWARE (ADOBE) 236 236 0 0
    EQUIPMENT (LAPTOP) 2,019 1,961 58 58
    EQUIPMENT (ALARM) 5,780 5,614 166 166
    EQUIPMENT (EMERGENCY GENERATOR) 26,600 25,834 766 766
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 837,265 97,501 739,764 739,764
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 290,383 29,473 260,910 260,910
    EQUIPMENT (COMPUTER) 622 515 107 107
    BUILDING (PURCHASE OF 195 UNION STREET) 173,700 14,290 159,410 159,410
    LAND (PURCHASE OF 195 UNION STREET) 98,300 0 98,300 98,300
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 1,688,842 138,934 1,549,908 1,549,908
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2,209,137 125,091 2,084,046 2,084,046
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 6,951 705 6,246 6,246
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 8,118 789 7,329 7,329
    WIRELESS RECEIVER 695 695 0 0
    TRANSMITTERS 6,162 6,162 0 0
    HANGING PANEL 320 320 0 0
    PAST PERFECT SOFTWARE 926 926 0 0
    COMPUTER 825 825 0 0
    XEROX MACHINE 1,700 1,700 0 0
    COMPUTER 1,295 1,295 0 0
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 75,371 4,269 71,102 71,102
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2,500 1,863 637 637
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 4,324 3,092 1,232 1,232
    COMPUTER EQUIPMENT (PAST PERFECT SOFTWARE - LCC) 1,770 1,500 270 270
    CAPITALIZED CONSULTING FEES (LCC) 35,111 1,088 34,023 34,023
    CAPITALIZED BUILDING RENOVATIONS 117,759 5,913 111,846 111,846
    CAPITALIZED BUILDING RENOVATIONS 1,484 71 1,413 1,413
    CAPITALIZED BUILDING RENOVATIONS 13 0 13 13
    CAPITALIZED BUILDING RENOVATIONS 20,505 986 19,519 19,519
    CAPITALIZED BUILDING RENOVATIONS 18,105 832 17,273 17,273
    CAPITALIZED BUILDING RENOVATIONS 221 10 211 211
    CAPITALIZED BUILDING RENOVATIONS 32,038 1,129 30,909 30,909
    CAPITALIZED BUILDING RENOVATIONS 8,960 354 8,606 8,606
    CAPITALIZED BUILDING RENOVATIONS (LCC) 444,360 14,683 429,677 429,677
    EQUIPMENT (AUDIO TOUR SYSTEM - LCC) 17,896 7,158 10,738 10,738
    FURNITURE & FIXTURES (DISPLAY CASES - LCC) 141,561 40,446 101,115 101,115
    EQUIPMENT (ALARM SYSTEM - LCC) 1,638 468 1,170 1,170
    EQUIPMENT (OFFICE EQUIPMENT - LCC) 10,220 2,920 7,300 7,300
    EQUIPMENT (AC COMPRESSOR) 2,586 1,478 1,108 1,108
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 6,587 3,764 2,823 2,823
    FURNITURE & FIXTURES (LECTURN) 725 415 310 310
    FURNITURE & FIXTURES (LIGHTING) 2,680 1,531 1,149 1,149
    COMPUTER EQUIPMENT 3,320 1,992 1,328 1,328
    COMPUTER EQUIPMENT 600 360 240 240
    COMPUTER EQUIPMENT 795 477 318 318
    CAPITALIZED CONSULTING FEES (CHURCH) 1,200 0 1,200 1,200
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET) 5,074 0 5,074 5,074
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,466 2 1,464 1,464
    CAPITALIZED BUILDING RENOVATIONS (LCC) 4,848 119 4,729 4,729
    CAPITALIZED BUILDING RENOVATIONS (LCC) 1,836 37 1,799 1,799
    CAPITALIZED BUILDING RENOVATIONS (LCC) 1,874 22 1,852 1,852
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET) 5,689 0 5,689 5,689
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,736 43 1,693 1,693
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,160 116 5,044 5,044
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 280 6 274 274
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2,400 44 2,356 2,356
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,437 71 4,366 4,366
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,268 156 11,112 11,112
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,216 50 4,166 4,166
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,320 133 11,187 11,187
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,656 35 3,621 3,621
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,181 39 5,142 5,142
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 748 4 744 744
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,243 1 1,242 1,242


    TY 2013 LegalFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 1,513 0 0 1,513


    TY 2013 OtherAssetsSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK (ICONS) 5,686,652 12,694,392 12,694,392


    TY 2013 OtherExpensesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 71,035 0 0 71,035
    BANK FEES 6,731 0 0 6,731
    CURATORIAL - ARTWORK CONSERVATION 23,286 0 0 23,286
    DUES AND SUBSCRIPTIONS 12,629 0 0 12,629
    EDUCATIONAL PROGRAMS 32,060 0 0 32,060
    INSURANCE 29,176 0 0 29,176
    JANITORIAL SERVICES 21,526 0 0 21,526
    MAINTENANCE 86,073 0 0 86,073
    MISCELLANEOUS 400 0 0 400
    MUSEUM LIBRARY MATERIAL/CURATORIAL MATERIAL 7,765 0 0 7,765
    NON-CAPITALIZED ASSETS 7,572 0 0 7,572
    OFFICE SUPPLIES 15,434 0 0 15,434
    OUTREACH 10,490 0 0 10,490
    POSTAGE/SHIPPING 30,808 0 0 30,808
    PUBLIC RELATIONS 10,350 0 0 10,350
    SECURITY FEES 6,375 0 0 6,375
    SPECIAL EVENTS - CATERING/FUNCTION COSTS 3,179 0 0 3,179
    TEMPORARY EXHIBITIONS 116,660 0 0 116,660
    UTILITIES 56,530 0 0 56,530
    WEBSITE 5,813 0 0 5,813


    TY 2013 OtherIncomeSchedule2
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADMISSION FEES 53,971   53,971
    ANNUAL APPEAL 23,596   23,596
    CORPORATE RENTALS 11,785   11,785
    EXHIBITION FEES - TRAVELING ART 4,000   4,000
    GRANTS 6,000   6,000
    MEMBERSHIP FEES 23,135   23,135
    PROGRAMS AND EVENTS 25,037   25,037


    TY 2013 OtherLiabilitiesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED LIABILITIES 4,112 10,900


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 76,705 0 0 76,705


    TY 2013 TaxesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MA FILING FEE 500 0 0 500
    PAYROLL TAX 44,566 0 0 44,566
    SALES TAX 9,192 0 0 9,192