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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
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$23,699,096J 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).............. 1,668,723
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 16,471 16,471 16,471
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 -4,460
b Gross sales price for all assets on line 6a 699,308
7 Capital gain net income (from Part IV, line 2)... 493,256
8 Net short-term capital gain......... 493,256
9 Income modifications...........  
10a Gross sales less returns and allowances 110,324
b Less: Cost of goods sold.... 72,749
c Gross profit or (loss) (attach schedule)..... 37,575 37,575
11 Other income (attach schedule)....... Click to see attachment 161,699 7,200 161,699
12 Total. Add lines 1 through 11........ 1,880,008 516,927 709,001
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 418,808 0 0 418,808
14 Other employee salaries and wages...... 192,897 0 0 192,897
15 Pension plans, employee benefits....... 46,484 0 0 46,484
16a Legal fees (attach schedule)......... Click to see attachment 2,591 0 0 2,591
b Accounting fees (attach schedule)....... Click to see attachment 24,042 0 0 24,042
c Other professional fees (attach schedule).... Click to see attachment 91,703 5,888 0 85,815
17 Interest............... 468 468 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 54,911 0 0 54,911
19 Depreciation (attach schedule) and depletion... Click to see attachment 343,307 25 324,747
20 Occupancy..............        
21 Travel, conferences, and meetings....... 20,932 0 0 20,932
22 Printing and publications.......... 33,800 0 0 33,800
23 Other expenses (attach schedule)....... Click to see attachment 702,992 1,709 0 701,283
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,932,935 8,090 324,747 1,581,563
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,932,935 8,090 324,747 1,581,563
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -52,927
b Net investment income (if negative, enter -0-) 508,837
c Adjusted net income (if negative, enter -0-)... 384,254
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 9,264 107,794 107,794
2 Savings and temporary cash investments.......... 1,070,838 225,021 225,021
3 Accounts receivable bullet8,656
Less: allowance for doubtful accounts bullet   9,116 8,656 8,656
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    
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use............... 60,518 44,847 44,847
9 Prepaid expenses and deferred charges........... 57,141 31,455 31,455
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........ 0 Click to see attachment850,291 835,335
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 bullet11,642,861
Less: accumulated depreciation (attach schedule) bullet1,893,518 9,802,282 Click to see attachment9,749,343 9,749,343
15 Other assets (describe bullet) Click to see attachment12,694,392 Click to see attachment12,696,645 Click to see attachment12,696,645
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,724,591 23,714,052 23,699,096
Liabilities 17 Accounts payable and accrued expenses.......... 67,238 89,276
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 attachment10,900 Click to see attachment31,250
23 Total liabilities (add lines 17 through 22).......... 78,138 120,526
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 23,646,453 23,593,526
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 instructions)...... 23,646,453 23,593,526
31 Total liabilities and net assets/fund balances (see instructions).. 23,724,591 23,714,052
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 23,646,453
2 Enter amount from Part I, line 27a..................... 2 -52,927
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 23,593,526
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 23,593,526
Form 990-PF (2014)
Form 990-PF (2014)
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 25000 SHS ACE INA HLDG INC   2014-01-23 2014-06-15
b 25000 SHS AMERICAN INTL GROUP INC   2014-02-21 2014-07-31
c 25000 SHS CAPITAL ONE FINL CORP   2014-01-13 2014-07-15
d 762 SHS COSTCO WHSL CORP   2014-07-17 2014-07-18
e 25000 SHS FREEPORT-MCMORAN COPPER & GOLD   2014-01-28 2014-12-17
25000 SHS HEWLETT PACKARD CO   2014-01-07 2014-12-09
4800 SHS ILLINOIS TOOL WORKS INC   2014-07-17 2014-07-18
25000 SHS MORGAN STANLEY   2014-01-09 2014-11-20
25000 SHS NATIONAL RURAL UTILS COOP FIN   2014-01-27 2014-12-01
25000 SHS SBC COMMUNICATIONS INC GLOBAL   2014-01-21 2014-09-15
(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 25,000   25,525 -525
b 26,965   27,417 -452
c 25,000   25,200 -200
d 89,036   100 88,936
e 25,045   25,151 -106
25,000   25,448 -448
408,228   536 407,692
25,000   25,760 -760
25,034   25,164 -130
25,000   25,751 -751
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       -525
b       -452
c       -200
d       88,936
e       -106
      -448
      407,692
      -760
      -130
      -751
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 2 493,256
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 3 493,256
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 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))
2013 1,394,767 112,804 12.364517
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
2 Total of line 1, column (d) ...................... 2 46.518830
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 9.303766
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,193,493
5 Multiply line 4 by line 3....................... 5 11,103,980
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,088
7 Add lines 5 and 6......................... 7 11,109,068
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,581,563
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 (2014)
Form 990-PF (2014)
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 10,177
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 10,177
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 10,177
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 5,408
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,908
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 28
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,297
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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 SECRET
    40.00     		343,808 0 13,241
    73 LANCASTER AVE
    LUNENBURG,MA01462
    RICHARD DEARBORN DIRECTOR
    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
    TH SMITH BUILDING & REMODELING BUILDING CONTRACTOR 216,037
    4 SQUARESHIRE ROAD
    STERLING,MA01564
    ATOMIC DESIGN GRAPHIC DESIGN, PRINTING, & ADVERTISING 161,926
    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 1,727,267
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    769,639
    b
    Average of monthly cash balances.......................
    1b
    442,029
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,211,668
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,211,668
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,175
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,193,493
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    59,675
    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 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (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
    1,581,563
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    1,581,563
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,581,563
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$  
    a Applied to 2013, 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 2014 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
    59,675 5,640 0 0 65,315
    b 85% of line 2a ......... 50,724 4,794 0 0 55,518
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,581,563 1,402,456 1,289,759 1,135,866 5,409,644
    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 ....     		1,581,563 1,402,456 1,289,759 1,135,866 5,409,644
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 23,699,096 23,728,128 15,920,706 15,337,782 78,685,712
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 22,376,854 22,648,026 15,869,124 15,220,007 76,114,011
    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
    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 or email address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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 (2014)
    Form 990-PF (2014)
    Page 12
    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         53,454
    bANNUAL APPEAL         22,180
    cCORPORATE RENTALS         12,931
    dEXHIBITION FEES - TRAVELING ART         2,500
    eGRANTS         1,100
    fMEMBERSHIP FEES         27,875
    PROGRAMS AND EVENTS         34,459
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		        16,471
    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.....     16 7,200  
    8
    Gain or (loss) from sales of assets other than inventory .............     		        -4,460
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         37,575
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,200 204,085
    13Total. Add line 12, columns (b), (d), and (e)..................
    13211,285
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    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
    2014
    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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    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

    		$1,170,371


    (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

    		$89,200


    (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

    		$409,152


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

       
     
     

    		$  


    (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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    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
    		 762 SHARES OF COSTCO WHSL CORP (COST) $ 89,200 2014-07-17
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 4,800 SHARES OF ILLINOIS TOOL WORKS INC (ITW) $ 409,152 2014-07-17
    (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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    MUSEUM OF RUSSIAN ICONS INC
          		Employer identification number

    20-1992304
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. 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) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 24,042 0 0 24,042

    TY 2014 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 2014 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 2,924,339 540,502 SL 39.000000000000 74,983 0 74,983  
    FURNITURE & FIXTURES 2006-10-15 39,727 39,727 200DB 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2006-10-15 58,313 58,313 200DB 5.000000000000 0 0 0  
    FURNITURE & FIXTURES (NES RENTALS) 2007-06-15 5,750 5,493 200DB 7.000000000000 257 0 257  
    FURNITURE & FIXTURES (PIANO) 2007-10-03 11,000 10,509 200DB 7.000000000000 491 0 491  
    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 41,164 200DB 7.000000000000 1,923 0 1,923  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 2,375 277 SL 39.000000000000 61 0 61  
    FURNITURE & FIXTURES (PIANO DOLLY) 2008-03-26 1,697 735 200DB 7.000000000000 75 0 242  
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2008-07-16 2,899 1,255 200DB 7.000000000000 129 0 414  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-08-20 2,003 867 200DB 7.000000000000 89 0 286  
    FURNITURE & FIXTURES (MUSEUM STOOLS) 2008-08-27 3,000 1,299 200DB 7.000000000000 134 0 429  
    FURNITURE & FIXTURES (CHAIR & TABLES) 2008-08-28 14,582 6,315 200DB 7.000000000000 651 0 2,083  
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 2008-08-29 1,612 698 200DB 7.000000000000 72 0 230  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-10-07 4,673 2,023 200DB 7.000000000000 209 0 668  
    COMPUTER EQUIPMENT (PHONE SYSTEM) 2008-09-10 6,480 3,240 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT (LAPTOP) 2008-11-07 1,289 644 200DB 5.000000000000 0 0 0  
    BUILDING (PURCHASE OF 107-110 MECHANIC STREET) 2008-08-25 89,388 12,320 SL 39.000000000000 2,292 0 2,292  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 1,698,740 197,822 SL 39.000000000000 43,557 0 43,557  
    FURNITURE & FIXTURES (CHAIRS) 2009-06-09 2,024 786 200DB 7.000000000000 90 0 289  
    FURNITURE & FIXTURES (CHAIRS) 2009-11-17 4,701 1,826 200DB 7.000000000000 210 0 672  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-07-31 8,066 3,133 200DB 7.000000000000 360 0 1,152  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-08-15 6,456 2,508 200DB 7.000000000000 288 0 922  
    EQUIPMENT (PHONE SYSTEM) 2009-03-27 1,160 547 200DB 5.000000000000 33 0 58  
    EQUIPMENT (LIBRARY) 2009-03-20 650 306 200DB 5.000000000000 19 0 33  
    EQUIPMENT (LISTENING WAND) 2009-03-27 17,500 8,246 200DB 5.000000000000 504 0 875  
    EQUIPMENT (COMPUTER) 2009-03-03 772 364 200DB 5.000000000000 22 0 26  
    EQUIPMENT (CD/DVD DUPLICATOR) 2009-06-09 799 376 200DB 5.000000000000 23 0 67  
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 2009-07-31 1,902 896 200DB 5.000000000000 55 0 222  
    EQUIPMENT (PHONE SYSTEM) 2009-07-31 770 363 200DB 5.000000000000 22 0 90  
    EQUIPMENT (COMPUTER) 2009-08-29 1,612 760 200DB 5.000000000000 46 0 215  
    SOFTWARE (ADOBE) 2009-09-15 236 118 200DB 3.000000000000 0 0 0  
    EQUIPMENT (LAPTOP) 2009-09-15 2,019 951 200DB 5.000000000000 58 0 269  
    EQUIPMENT (ALARM) 2009-09-16 5,780 2,724 200DB 5.000000000000 166 0 867  
    EQUIPMENT (EMERGENCY GENERATOR) 2009-01-20 26,600 12,534 200DB 5.000000000000 766 0 443  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 837,265 97,501 SL 39.000000000000 21,468 0 21,468  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-01 290,383 29,473 SL 39.000000000000 7,446 0 7,446  
    EQUIPMENT (COMPUTER) 2010-08-23 622 515 200DB 5.000000000000 71 0 107  
    BUILDING (PURCHASE OF 195 UNION STREET) 2010-10-23 173,700 14,290 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 1,688,842 138,934 SL 39.000000000000 43,304 0 43,304  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 2,209,137 125,091 SL 39.000000000000 56,645 0 56,645  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-21 6,951 705 SL 39.000000000000 178 0 178  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-03-30 8,118 789 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 51  
    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 4,269 SL 39.000000000000 1,933 0 1,933  
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2012-09-12 2,500 613 200DB 5.000000000000 255 0 500  
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 2012-11-06 4,324 930 200DB 5.000000000000 493 0 865  
    COMPUTER EQUIPMENT (PAST PERFECT SOFTWARE - LCC) 2012-11-21 1,770 615 200DB 3.000000000000 180 0 590  
    CAPITALIZED CONSULTING FEES (LCC) 2012-10-17 35,111 1,088 SL 39.000000000000 900 0 900  
    CAPITALIZED BUILDING RENOVATIONS 2012-01-01 117,759 5,913 SL 39.000000000000 3,019 0 3,019  
    CAPITALIZED BUILDING RENOVATIONS 2012-02-01 1,484 71 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 20,505 986 SL 39.000000000000 526 0 526  
    CAPITALIZED BUILDING RENOVATIONS 2012-03-14 18,105 832 SL 39.000000000000 464 0 464  
    CAPITALIZED BUILDING RENOVATIONS 2012-04-20 221 10 SL 39.000000000000 6 0 6  
    CAPITALIZED BUILDING RENOVATIONS 2012-08-31 32,038 1,129 SL 39.000000000000 821 0 821  
    CAPITALIZED BUILDING RENOVATIONS 2012-06-15 8,960 354 SL 39.000000000000 230 0 230  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2012-10-17 444,360 13,768 SL 39.000000000000 11,394 0 11,394  
    EQUIPMENT (AUDIO TOUR SYSTEM - LCC) 2012-10-17 17,896 7,695 200DB 5.000000000000 4,080 0 3,579  
    FURNITURE & FIXTURES (DISPLAY CASES - LCC) 2012-10-17 141,561 44,058 200DB 7.000000000000 27,858 0 20,223  
    EQUIPMENT (ALARM SYSTEM - LCC) 2012-10-17 1,638 510 200DB 7.000000000000 322 0 234  
    EQUIPMENT (OFFICE EQUIPMENT - LCC) 2012-10-17 10,220 3,181 200DB 7.000000000000 2,011 0 1,460  
    EQUIPMENT (AC COMPRESSOR) 2013-07-10 2,586 185 200DB 7.000000000000 317 0 369  
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 2013-01-31 6,587 470 200DB 7.000000000000 807 0 941  
    FURNITURE & FIXTURES (LECTURN) 2013-02-21 725 52 200DB 7.000000000000 89 0 104  
    FURNITURE & FIXTURES (LIGHTING) 2013-12-30 2,680 191 200DB 7.000000000000 328 0 383  
    COMPUTER EQUIPMENT 2013-01-08 3,320 332 200DB 5.000000000000 531 0 664  
    COMPUTER EQUIPMENT 2013-12-04 600 60 200DB 5.000000000000 96 0 120  
    COMPUTER EQUIPMENT 2013-12-09 795 79 200DB 5.000000000000 127 0 159  
    CAPITALIZED CONSULTING FEES (CHURCH)   1,200   NC 0 % 0 0 0  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX)   5,074   NC 0 % 0 0 0  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2013-12-15 1,466 2 SL 39.000000000000 38 0 38  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-01-15 4,848 119 SL 39.000000000000 124 0 124  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-03-15 1,836 37 SL 39.000000000000 47 0 47  
    CAPITALIZED BUILDING RENOVATIONS (LCC) 2013-07-15 1,874 22 SL 39.000000000000 48 0 48  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX)   5,689   NC 0 % 0 0 0  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-01-15 1,736 43 SL 39.000000000000 45 0 45  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-02-15 5,160 116 SL 39.000000000000 132 0 132  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-03-15 280 6 SL 39.000000000000 7 0 7  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-04-15 2,400 44 SL 39.000000000000 62 0 62  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-05-15 4,437 71 SL 39.000000000000 114 0 114  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-06-15 11,268 156 SL 39.000000000000 289 0 289  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 4,216 50 SL 39.000000000000 108 0 108  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 11,320 133 SL 39.000000000000 290 0 290  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-08-15 3,656 35 SL 39.000000000000 94 0 94  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-09-15 5,181 39 SL 39.000000000000 133 0 133  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-10-15 748 4 SL 39.000000000000 19 0 19  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-12-15 1,243 1 SL 39.000000000000 32 0 32  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-02-28 3,000   200DB 7.000000000000 1,714 0 357  
    FURNITURE & FIXTURES (ALARM SYSTEM) 2014-05-02 6,900   200DB 7.000000000000 3,943 0 657  
    EQUIPMENT (TV) 2014-05-13 3,059   200DB 5.000000000000 1,836 0 408  
    EQUIPMENT (CAMERAS) 2014-05-13 1,832   200DB 5.000000000000 1,099 0 244  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-08-06 25,650   200DB 7.000000000000 14,657 0 1,527  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2014-07-01 1,620   SL 39.000000000000 19 0 19  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-01-01 4,179   SL 39.000000000000 103 0 103  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-05-01 3,461   SL 39.000000000000 55 0 55  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-07-01 5,306   SL 39.000000000000 62 0 62  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-12-01 14,986   SL 39.000000000000 16 0 16  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX)   14,134   NC 0 % 0 0 0  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX)   203,061   NC 0 % 0 0 0  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2014-07-01 2,120   SL 39.000000000000 25 25 25  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2014-07-01 1,060   SL 39.000000000000 12 0 12  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS GROUP INC 26,103 25,032
    JPMORGAN CHASE & CO 25,776 25,042
    ENERGY TRANSFER PARTNERS LP 26,305 25,083
    PNC FDG CORP 25,768 25,074
    HSBC USA INC 25,501 25,050
    BOEING CO 25,798 25,081
    VORNADO RLTY LP 25,749 25,000
    UNITED TECHNOLOGIES GROUP 26,375 25,350
    AMERICAN EXPRESS CR CORP 25,421 25,138
    GENERAL ELEC CAP CORP 25,805 25,343
    EOG RES INC 25,849 25,452
    CITIGROUP INC 25,141 25,035
    PACCAR FINL CORP 24,982 24,995
    CAPITAL ONE FINL CORP 26,064 25,711
    HALLIBURTON CO 25,101 24,975
    THERMO FISHER SCIENTIFIC INC 25,568 25,390
    UNITEDHEALTH GROUP INC 25,644 25,396
    DUKE ENERGY CORP 25,496 25,361
    PHILLIPS 26,026 25,819
    WELLS FARGO & CO 25,548 25,424
    TOYOTA MTR CR CORP 25,330 25,221
    AETNA INC 24,940 24,805
    BP CAPITAL MARKETS PLC 25,994 25,152
    RIO TINTO FIN USA PLC 25,178 25,026
    AEGON NV 26,640 25,867
    BHP BILLITON FIN USA LTD 27,213 26,096
    BNP PARIBAS 26,405 25,697
    BANK NOVA SCOTIA HALIFAX 26,158 25,646
    SANOFI-AVENTIS 26,056 25,606
    ROYAL BK CDA GLOBAL 25,700 25,513
    AMERICA MOVIL SA 25,817 25,343
    NATIONAL AUSTRALIA BK LTD 25,926 25,758
    TORONTO DOMINION BK 24,914 24,854

    TY 2014 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 2,924,339 615,485 2,308,854 2,308,854
    FURNITURE & FIXTURES 39,727 39,727 0 0
    COMPUTER EQUIPMENT 58,313 58,313 0 0
    FURNITURE & FIXTURES (NES RENTALS) 5,750 5,750 0 0
    FURNITURE & FIXTURES (PIANO) 11,000 11,000 0 0
    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 43,087 0 0
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2,375 338 2,037 2,037
    FURNITURE & FIXTURES (PIANO DOLLY) 1,697 1,659 38 38
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2,899 2,834 65 65
    FURNITURE & FIXTURES (LEATHER STOOLS) 2,003 1,958 45 45
    FURNITURE & FIXTURES (MUSEUM STOOLS) 3,000 2,933 67 67
    FURNITURE & FIXTURES (CHAIR & TABLES) 14,582 14,257 325 325
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 1,612 1,576 36 36
    FURNITURE & FIXTURES (LEATHER STOOLS) 4,673 4,569 104 104
    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 14,612 74,776 74,776
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 1,698,740 241,379 1,457,361 1,457,361
    FURNITURE & FIXTURES (CHAIRS) 2,024 1,888 136 136
    FURNITURE & FIXTURES (CHAIRS) 4,701 4,387 314 314
    FURNITURE & FIXTURES (ARTWORK MOUNT) 8,066 7,526 540 540
    FURNITURE & FIXTURES (ARTWORK MOUNT) 6,456 6,024 432 432
    EQUIPMENT (PHONE SYSTEM) 1,160 1,160 0 0
    EQUIPMENT (LIBRARY) 650 650 0 0
    EQUIPMENT (LISTENING WAND) 17,500 17,500 0 0
    EQUIPMENT (COMPUTER) 772 772 0 0
    EQUIPMENT (CD/DVD DUPLICATOR) 799 799 0 0
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 1,902 1,902 0 0
    EQUIPMENT (PHONE SYSTEM) 770 770 0 0
    EQUIPMENT (COMPUTER) 1,612 1,612 0 0
    SOFTWARE (ADOBE) 236 236 0 0
    EQUIPMENT (LAPTOP) 2,019 2,019 0 0
    EQUIPMENT (ALARM) 5,780 5,780 0 0
    EQUIPMENT (EMERGENCY GENERATOR) 26,600 26,600 0 0
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 837,265 118,969 718,296 718,296
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 290,383 36,919 253,464 253,464
    EQUIPMENT (COMPUTER) 622 586 36 36
    BUILDING (PURCHASE OF 195 UNION STREET) 173,700 18,744 154,956 154,956
    LAND (PURCHASE OF 195 UNION STREET) 98,300 0 98,300 98,300
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 1,688,842 182,238 1,506,604 1,506,604
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2,209,137 181,736 2,027,401 2,027,401
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 6,951 883 6,068 6,068
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 8,118 997 7,121 7,121
    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 6,202 69,169 69,169
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2,500 2,118 382 382
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 4,324 3,585 739 739
    COMPUTER EQUIPMENT (PAST PERFECT SOFTWARE - LCC) 1,770 1,680 90 90
    CAPITALIZED CONSULTING FEES (LCC) 35,111 1,988 33,123 33,123
    CAPITALIZED BUILDING RENOVATIONS 117,759 8,932 108,827 108,827
    CAPITALIZED BUILDING RENOVATIONS 1,484 109 1,375 1,375
    CAPITALIZED BUILDING RENOVATIONS 13 0 13 13
    CAPITALIZED BUILDING RENOVATIONS 20,505 1,512 18,993 18,993
    CAPITALIZED BUILDING RENOVATIONS 18,105 1,296 16,809 16,809
    CAPITALIZED BUILDING RENOVATIONS 221 16 205 205
    CAPITALIZED BUILDING RENOVATIONS 32,038 1,950 30,088 30,088
    CAPITALIZED BUILDING RENOVATIONS 8,960 584 8,376 8,376
    CAPITALIZED BUILDING RENOVATIONS (LCC) 444,360 25,162 419,198 419,198
    EQUIPMENT (AUDIO TOUR SYSTEM - LCC) 17,896 11,775 6,121 6,121
    FURNITURE & FIXTURES (DISPLAY CASES - LCC) 141,561 71,916 69,645 69,645
    EQUIPMENT (ALARM SYSTEM - LCC) 1,638 832 806 806
    EQUIPMENT (OFFICE EQUIPMENT - LCC) 10,220 5,192 5,028 5,028
    EQUIPMENT (AC COMPRESSOR) 2,586 1,795 791 791
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 6,587 4,571 2,016 2,016
    FURNITURE & FIXTURES (LECTURN) 725 504 221 221
    FURNITURE & FIXTURES (LIGHTING) 2,680 1,859 821 821
    COMPUTER EQUIPMENT 3,320 2,523 797 797
    COMPUTER EQUIPMENT 600 456 144 144
    COMPUTER EQUIPMENT 795 604 191 191
    CAPITALIZED CONSULTING FEES (CHURCH) 1,200 0 1,200 1,200
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 5,074 0 5,074 5,074
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,466 40 1,426 1,426
    CAPITALIZED BUILDING RENOVATIONS (LCC) 4,848 243 4,605 4,605
    CAPITALIZED BUILDING RENOVATIONS (LCC) 1,836 84 1,752 1,752
    CAPITALIZED BUILDING RENOVATIONS (LCC) 1,874 70 1,804 1,804
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 5,689 0 5,689 5,689
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,736 88 1,648 1,648
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,160 248 4,912 4,912
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 280 13 267 267
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2,400 106 2,294 2,294
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,437 185 4,252 4,252
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,268 445 10,823 10,823
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,216 158 4,058 4,058
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,320 423 10,897 10,897
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,656 129 3,527 3,527
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,181 172 5,009 5,009
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 748 23 725 725
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,243 33 1,210 1,210
    FURNITURE & FIXTURES (DISPLAY CASES) 3,000 1,714 1,286 1,286
    FURNITURE & FIXTURES (ALARM SYSTEM) 6,900 3,943 2,957 2,957
    EQUIPMENT (TV) 3,059 1,836 1,223 1,223
    EQUIPMENT (CAMERAS) 1,832 1,099 733 733
    FURNITURE & FIXTURES (DISPLAY CASES) 25,650 14,657 10,993 10,993
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,620 19 1,601 1,601
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,179 103 4,076 4,076
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,461 55 3,406 3,406
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,306 62 5,244 5,244
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 14,986 16 14,970 14,970
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 14,134 0 14,134 14,134
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 203,061 0 203,061 203,061
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2,120 25 2,095 2,095
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 1,060 12 1,048 1,048


    TY 2014 LegalFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 2,591 0 0 2,591


    TY 2014 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) 12,694,392 12,696,645 12,696,645


    TY 2014 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 100,244 0 0 100,244
    BANK FEES 5,129 0 0 5,129
    CURATORIAL - ARTWORK CONSERVATION 30,566 0 0 30,566
    DUES AND SUBSCRIPTIONS 14,325 0 0 14,325
    EDUCATIONAL PROGRAMS 44,894 0 0 44,894
    INSURANCE 28,446 0 0 28,446
    JANITORIAL SERVICES 17,686 0 0 17,686
    MAINTENANCE 90,244 0 0 90,244
    MUSEUM LIBRARY MATERIAL/CURATORIAL MATERIAL 10,331 0 0 10,331
    NON-CAPITALIZED ASSETS 2,907 0 0 2,907
    OFFICE SUPPLIES 19,585 0 0 19,585
    OUTREACH 3,410 0 0 3,410
    POSTAGE/SHIPPING 21,557 0 0 21,557
    PUBLIC RELATIONS 9,825 0 0 9,825
    SECURITY FEES 6,100 0 0 6,100
    SPECIAL EVENTS - CATERING/FUNCTION COSTS 2,133 0 0 2,133
    TEMPORARY EXHIBITIONS 232,699 0 0 232,699
    UTILITIES 55,967 1,709 0 54,258
    WEBSITE 6,944 0 0 6,944


    TY 2014 OtherIncomeSchedule2
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENTAL INCOME - 109 MECHANIC STREET (ANNEX) 7,200 7,200 7,200
    ADMISSION FEES 53,454   53,454
    ANNUAL APPEAL 22,180   22,180
    CORPORATE RENTALS 12,931   12,931
    EXHIBITION FEES - TRAVELING ART 2,500   2,500
    GRANTS 1,100   1,100
    MEMBERSHIP FEES 27,875   27,875
    PROGRAMS AND EVENTS 34,459   34,459


    TY 2014 OtherLiabilitiesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED LIABILITIES 10,900 11,250
    LINE OF CREDIT - SANTANDER 0 20,000


    TY 2014 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 85,815 0 0 85,815
    US TRUST MANAGEMENT FEES 5,888 5,888 0 0


    TY 2014 TaxesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN: 20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 12,500 0 0 12,500
    MA FILING FEE 500 0 0 500
    PAYROLL TAX 35,603 0 0 35,603
    SALES TAX 6,308 0 0 6,308