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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,898,805J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 1,206,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 64,059 64,059 64,059
4 Dividends and interest from securities...      
5a Gross rents............ 52,655 36,658 52,655
b Net rental income or (loss) 41,313
6a Net gain or (loss) from sale of assets not on line 10 -10,086
b Gross sales price for all assets on line 6a 1,149,631
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 72,403
b Less: Cost of goods sold.... 35,285
c Gross profit or (loss) (attach schedule)..... 37,118 37,118
11 Other income (attach schedule)....... Click to see attachment 79,611 0 79,611
12 Total. Add lines 1 through 11........ 1,429,857 100,717 233,443
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 250,095 0 11,278 190,322
14 Other employee salaries and wages...... 396,637 0 17,886 301,840
15 Pension plans, employee benefits....... 81,806 0 3,790 63,950
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 95,398 16,222 2,542 42,896
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,000 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 283,892 0 283,892
20 Occupancy.............. 168,982 0 8,024 160,958
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 25,815 0 1,259 21,240
23 Other expenses (attach schedule)....... Click to see attachment 203,007 0 12,425 184,133
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,506,632 16,222 341,096 965,339
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,506,632 16,222 341,096 965,339
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -76,775
b Net investment income (if negative, enter -0-) 84,495
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 525,565 265,371 265,371
2 Savings and temporary cash investments......... 829,613 375,217 375,217
3 Accounts receivable bullet150
Less: allowance for doubtful accounts bullet     150 150
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).....   4,250 4,250
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 22,097 16,078 16,078
9 Prepaid expenses and deferred charges.......... 23,192 32,638 32,638
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,200,629 Click to see attachment2,030,891 2,030,891
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 bullet11,056,148
Less: accumulated depreciation (attach schedule) bullet2,891,665 8,431,353 Click to see attachment8,164,483 8,164,483
15 Other assets (describe bullet) Click to see attachment8,687 Click to see attachment9,727 Click to see attachment9,727
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,041,136 10,898,805 10,898,805
Liabilities 17 Accounts payable and accrued expenses.......... 21,639 12,593
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 attachment37,904 Click to see attachment42,415
23 Total liabilities (add lines 17 through 22)......... 59,543 55,008
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 10,981,593 10,677,259
25 Temporarily restricted...............   166,538
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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)..... 10,981,593 10,843,797
31 Total liabilities and net assets/fund balances (see instructions). 11,041,136 10,898,805
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
10,981,593
2
Enter amount from Part I, line 27a .....................
2
-76,775
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,904,818
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
61,021
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,843,797
Form 990-PF (2018)
Form 990-PF (2018)
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 MARKETABLE SECURITIES P    
b
c
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 1,149,631   1,159,717 -10,086
b
c
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       -10,086
b
c
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 -10,086
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 0
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))
2017 981,913 2,447,949 0.401117
2016 1,155,905 1,958,944 0.590065
2015 1,324,079 1,291,532 1.025200
2014 1,581,563 1,193,493 1.325155
2013 1,394,767 112,804 12.364517
2
Total of line 1, column (d) .....................
2
15.706054
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
3.141211
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,574,438
5
Multiply line 4 by line 3......................
5
8,086,853
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
845
7
Add lines 5 and 6........................
7
8,087,698
8
Enter qualifying distributions from Part XII, line 4,.............
8
982,361
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,690
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 1,690
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 1,690
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,121
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,121
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 10 431
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet431 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 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 2018 or the taxable year beginning in 2018? See the 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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletLYNN PHILBIN 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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 LANKTON PRESIDENT
    1.00     		0 0 0
    101 UNION STREET
    CLINTON,MA01510
    RUAH DONNELLY DIRECTOR
    1.00     		0 0 0
    PO BOX 905
    CONWAY,MA01341
    TED LAPRES TREASURER
    1.00     		0 0 0
    123 FARMERS ROW
    GROTON,MA01450
    ERIC A LOWREY DIRECTOR
    1.00     		0 0 0
    8 KEELER FARM WAY
    LEXINGTON,MA02420
    SVETLANA NIKITINA DIRECTOR
    1.00     		0 0 0
    30 RUSSELL ROAD
    WELLESLEY,MA02482
    PETER RAND DIRECTOR
    1.00     		0 0 0
    35 FALMOUTH RD
    BELMONT,MA02476
    KENT RUSSELL CURATOR/CEO
    40.00     		223,247 0 0
    203 UNION STREET
    CLINTON,MA01510
    TARA YOUNG DEPUTY DIRECTOR
    40.00     		26,848 0 0
    203 UNION STREET
    CLINTON,MA01510
    LYNN PHILBIN BUSINESS MANAGER
    40.00     		28,703 0 0
    203 UNION STREET
    CLINTON,MA01510
    JACK MCCABE VICE PRESIDENT
    1.00     		0 0 0
    9 PHEASANT COVE CIRCLE
    YARMOUTH,MA02675
    RICHARD DEARBORN SECRETARY
    1.00     		0 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    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
    RANDI KELLY MARKETING MANAGER
    40.00     		31,789 0 0
    203 UNION STREET
    CLINTON,MA01510
    AMY CONSALVI VISITOR SERVICES
    40.00     		26,365 0 0
    203 UNION STREET
    CLINTON,MA01510
    LAURA GARRITY REGISTRAR
    40.00     		24,490 0 0
    203 UNION STREET
    CLINTON,MA01510
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    NONE
    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 THE ORGANIZATION ENHANCES RELATIONS BETWEEN RUSSIA AND THE UNITED STATES THROUGH THE MEDIUM OF ART. THE ORGANIZATION OWNS AND OPERATES A MUSEUM EXHIBITING RUSSIAN ICONS AND RELATED OBJECTS. 1,307,435
    2  
    3  
    4  
    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  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    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
    1,615,760
    b
    Average of monthly cash balances.......................
    1b
    997,883
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,613,643
    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
    2,613,643
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    39,205
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,574,438
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    128,722
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (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
    965,339
    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
    17,022
    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
    982,361
    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
    982,361
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, 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 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
    0 0 0 3,443 3,443
    b 85% of line 2a ......... 0 0 0 2,927 2,927
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		982,361 981,913 1,155,905 1,324,079 4,444,258
    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 ....     		982,361 981,913 1,155,905 1,324,079 4,444,258
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 10,898,805 11,041,135 11,185,433 10,582,494 43,707,867
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 8,492,697 9,010,893 9,166,925 10,580,253 37,250,768
    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 foundation 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 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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Form 990-PF (2018)
    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
    aADMISSIONS         47,726
    bPROGRAMS & EVENTS         25,416
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 64,059  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 41,313  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -10,086  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         37,118
    11 Other revenue:
    aMISCELLANEOUS INCOME     		        6,469
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 95,286 116,729
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    212,015
    (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.)
    1A ADMISSION FEES TO MUSEUM TO SUPPORT THE OPERATION OF THE MUSEUM
    1B SPECIAL PROGRAMS & EVENTS RELATED TO MUSEUM'S EXEMPT PURPOSE
    10 SALE OF MERCHANDISE RELATED TO MUSEUM'S EXEMPT PURPOSE
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) 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 LANKTON
     
    101 UNION STREET
     
    CLINTON, MA01510

    		$ 1,120,538


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARGARET PATEL
     
    60 COLBURN ROAD
     
    WELLESLEY, MA02481

    		$ 8,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    ERIC JAN & OLIVE BROSE SEYMOUR FAMILY
     
    C/O MORI 203 UNION STREET
     
    CLINTON, MA01510

    		$ 5,000


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2018 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 2,924,339 840,434 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 5,750 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (PIANO) 2007-10-03 11,000 11,000 200DB 7.000000000000 0 0 0  
    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 43,087 200DB 7.000000000000 0 0 0  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 2,375 521 SL 39.000000000000 61 0 61  
    FURNITURE & FIXTURES (PIANO DOLLY) 2008-03-26 1,697 848 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2008-07-16 2,899 1,449 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-08-20 2,003 1,001 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (MUSEUM STOOLS) 2008-08-27 3,000 1,500 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CHAIR & TABLES) 2008-08-28 14,582 7,291 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 2008-08-29 1,612 806 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-10-07 4,673 2,336 200DB 7.000000000000 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 21,488 SL 39.000000000000 2,292 0 2,292  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 1,698,740 372,050 SL 39.000000000000 43,557 0 43,557  
    FURNITURE & FIXTURES (CHAIRS) 2009-06-09 2,024 1,012 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CHAIRS) 2009-11-17 4,701 2,350 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-07-31 8,066 4,033 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 2009-08-15 6,456 3,228 200DB 7.000000000000 0 0 0  
    EQUIPMENT (LIBRARY) 2009-03-20 650 325 200DB 5.000000000000 0 0 0  
    EQUIPMENT (LISTENING WAND) 2009-03-27 17,500 8,750 200DB 5.000000000000 0 0 0  
    EQUIPMENT (COMPUTER) 2009-03-03 772 386 200DB 5.000000000000 0 0 0  
    EQUIPMENT (CD/DVD DUPLICATOR) 2009-06-09 799 399 200DB 5.000000000000 0 0 0  
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 2009-07-31 1,902 951 200DB 5.000000000000 0 0 0  
    EQUIPMENT (PHONE SYSTEM) 2009-07-31 770 385 200DB 5.000000000000 0 0 0  
    EQUIPMENT (COMPUTER) 2009-08-29 1,612 806 200DB 5.000000000000 0 0 0  
    SOFTWARE (ADOBE) 2009-09-15 236 118 200DB 3.000000000000 0 0 0  
    EQUIPMENT (LAPTOP) 2009-09-15 2,019 1,009 200DB 5.000000000000 0 0 0  
    EQUIPMENT (ALARM) 2009-09-16 5,780 2,890 200DB 5.000000000000 0 0 0  
    EQUIPMENT (EMERGENCY GENERATOR) 2009-01-20 26,600 13,300 200DB 5.000000000000 0 0 0  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 837,265 183,373 SL 39.000000000000 21,468 0 21,468  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-01 290,383 59,257 SL 39.000000000000 7,446 0 7,446  
    EQUIPMENT (COMPUTER) 2010-08-23 622 622 200DB 5.000000000000 0 0 0  
    BUILDING (PURCHASE OF 195 UNION STREET) 2010-10-23 173,700 32,106 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 1,688,842 312,150 SL 39.000000000000 43,304 0 43,304  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 2,209,137 351,671 SL 39.000000000000 56,645 0 56,645  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-21 6,951 1,417 SL 39.000000000000 178 0 178  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-03-30 8,118 1,621 SL 39.000000000000 208 0 208  
    WIRELESS RECEIVER 2011-02-10 695   200DB 5.000000000000 0 0 0  
    TRANSMITTERS 2011-02-10 6,162   200DB 5.000000000000 0 0 0  
    HANGING PANEL 2011-06-20 320   200DB 7.000000000000 0 0 23  
    PAST PERFECT SOFTWARE 2011-02-21 926   200DB 3.000000000000 0 0 0  
    COMPUTER 2011-03-30 825   200DB 5.000000000000 0 0 0  
    XEROX MACHINE 2011-04-27 1,700   200DB 5.000000000000 0 0 0  
    COMPUTER 2011-09-27 1,295   200DB 5.000000000000 0 0 0  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 75,371 12,001 SL 39.000000000000 1,933 0 1,933  
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2012-09-12 2,500 1,250 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 2012-11-06 4,324 2,162 200DB 5.000000000000 0 0 0  
    CAPITALIZED BUILDING RENOVATIONS 2012-01-01 117,759 17,989 SL 39.000000000000 3,019 0 3,019  
    CAPITALIZED BUILDING RENOVATIONS 2012-02-01 1,484 223 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 3,090 SL 39.000000000000 526 0 526  
    CAPITALIZED BUILDING RENOVATIONS 2012-03-14 18,105 2,688 SL 39.000000000000 464 0 464  
    CAPITALIZED BUILDING RENOVATIONS 2012-04-20 221 34 SL 39.000000000000 6 0 6  
    CAPITALIZED BUILDING RENOVATIONS 2012-08-31 32,038 4,413 SL 39.000000000000 821 0 821  
    CAPITALIZED BUILDING RENOVATIONS 2012-06-15 8,960 1,274 SL 39.000000000000 230 0 230  
    EQUIPMENT (AC COMPRESSOR) 2013-07-10 2,586 1,293 200DB 7.000000000000 0 0 369  
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 2013-01-31 6,587 3,293 200DB 7.000000000000 0 0 941  
    FURNITURE & FIXTURES (LECTURN) 2013-02-21 725 362 200DB 7.000000000000 0 0 104  
    FURNITURE & FIXTURES (LIGHTING) 2013-12-30 2,680 1,340 200DB 7.000000000000 0 0 383  
    COMPUTER EQUIPMENT 2013-01-08 3,320 1,660 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2013-12-04 600 300 200DB 5.000000000000 0 0 110  
    COMPUTER EQUIPMENT 2013-12-09 795 397 200DB 5.000000000000 0 0 146  
    CAPITALIZED CONSULTING FEES (CHURCH) 2015-05-05 1,200 80 SL 5.000000000000 240 0 240  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2015-05-05 5,074 338 SL 5.000000000000 1,015 0 1,015  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2013-12-15 1,466 154 SL 39.000000000000 38 0 38  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2016-01-01 5,689 292 SL 39.000000000000 146 0 146  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-01-15 1,736 223 SL 39.000000000000 45 0 45  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-02-15 5,160 644 SL 39.000000000000 132 0 132  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-03-15 280 34 SL 39.000000000000 7 0 7  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-04-15 2,400 292 SL 39.000000000000 62 0 62  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-05-15 4,437 527 SL 39.000000000000 114 0 114  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-06-15 11,268 1,312 SL 39.000000000000 289 0 289  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 4,216 482 SL 39.000000000000 108 0 108  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 11,320 1,293 SL 39.000000000000 290 0 290  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-08-15 3,656 411 SL 39.000000000000 94 0 94  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-09-15 5,181 571 SL 39.000000000000 133 0 133  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-10-15 748 80 SL 39.000000000000 19 0 19  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-12-15 1,243 129 SL 39.000000000000 32 0 32  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-02-28 3,000 1,500 200DB 7.000000000000 0 0 429  
    FURNITURE & FIXTURES (ALARM SYSTEM) 2014-05-02 6,900 3,310 200DB 7.000000000000 40 0 40  
    EQUIPMENT (TV) 2014-05-13 3,059 1,529 200DB 5.000000000000 0 0 612  
    EQUIPMENT (CAMERAS) 2014-05-13 1,832 916 200DB 5.000000000000 0 0 366  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-08-06 25,650 12,301 200DB 7.000000000000 150 0 150  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2014-07-01 1,620 145 SL 39.000000000000 42 0 42  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-01-01 4,179 424 SL 39.000000000000 107 0 107  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-05-01 3,461 322 SL 39.000000000000 89 0 89  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-07-01 5,306 470 SL 39.000000000000 136 0 136  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-12-01 14,986 1,168 SL 39.000000000000 384 0 384  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2015-01-01 14,134 724 SL 39.000000000000 362 0 362  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-01-01 203,061 10,414 SL 39.000000000000 5,207 0 5,207  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2014-07-01 2,120 187 SL 39.000000000000 54 0 54  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2014-07-01 1,060 93 SL 39.000000000000 27 0 27  
    FURNITURE & FIXTURES (DISPLAY CASES) 2015-03-31 2,433 696 200DB 7.000000000000 496 0 496  
    COMPUTER EQUIPMENT 2015-03-09 950 380 200DB 5.000000000000 228 0 228  
    COMPUTER 2015-06-09 3,600 1,440 200DB 5.000000000000 864 0 864  
    CAPITALIZED ARCHITECT FEES 2015-05-05 1,560 80 SL 39.000000000000 40 0 40  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-02-20 1,493 76 SL 39.000000000000 38 0 38  
    AV EQUIPMENT 2016-09-23 28,322 5,664 SL 5.000000000000 5,664 0 5,664  
    COMPUTER 2016-03-14 7,385 2,954 SL 5.000000000000 1,477 0 1,477  
    ANNEX BATHROOM 2017-10-31 10,034 502 SL 10.000000000000 1,003 0 1,003  
    HVAC HUMIDITY SENSORS 2017-03-29 9,242 924 SL 5.000000000000 1,848 0 1,848  
    SOFTWARE (CURATOR) 2018-07-23 6,575   200DB 3.000000000000 6,575 0 913  
    FURNITURE & FIXTURES (AWNING) 2018-06-14 7,052   200DB 7.000000000000 7,052 0 588  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Name of Bond End of Year Book Value End of Year Fair Market Value
    US TRUST BANK OF AMERICA 2,030,891 2,030,891

    TY 2018 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 2,924,339 915,417 2,008,922  
    FURNITURE & FIXTURES 39,727 39,727 0  
    COMPUTER EQUIPMENT 58,313 58,313 0  
    FURNITURE & FIXTURES (NES RENTALS) 5,750 5,750 0  
    FURNITURE & FIXTURES (PIANO) 11,000 11,000 0  
    COMPUTER EQUIPMENT (SERVER) 4,668 4,668 0  
    COMPUTER EQUIPMENT (SOUND STICK SYSTEM) 4,321 4,321 0  
    COMPUTER EQUIPMENT (SECURITY SYSTEM) 1,501 1,501 0  
    FURNITURE & FIXTURES (DISPLAY CASES) 43,087 43,087 0  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2,375 582 1,793  
    FURNITURE & FIXTURES (PIANO DOLLY) 1,697 1,697 0  
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2,899 2,899 0  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2,003 2,003 0  
    FURNITURE & FIXTURES (MUSEUM STOOLS) 3,000 3,000 0  
    FURNITURE & FIXTURES (CHAIR & TABLES) 14,582 14,582 0  
    FURNITURE & FIXTURES (CUSTOM MADE MAILBOX) 1,612 1,612 0  
    FURNITURE & FIXTURES (LEATHER STOOLS) 4,673 4,673 0  
    COMPUTER EQUIPMENT (LAPTOP) 1,289 1,289 0  
    BUILDING (PURCHASE OF 107-110 MECHANIC STREET) 89,388 23,780 65,608  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 1,698,740 415,607 1,283,133  
    FURNITURE & FIXTURES (CHAIRS) 2,024 2,024 0  
    FURNITURE & FIXTURES (CHAIRS) 4,701 4,701 0  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 8,066 8,066 0  
    FURNITURE & FIXTURES (ARTWORK MOUNT) 6,456 6,456 0  
    EQUIPMENT (LIBRARY) 650 650 0  
    EQUIPMENT (LISTENING WAND) 17,500 17,500 0  
    EQUIPMENT (COMPUTER) 772 772 0  
    EQUIPMENT (CD/DVD DUPLICATOR) 799 799 0  
    EQUIPMENT (PORTABLE EMERGENCY DEFIBRILLATOR) 1,902 1,902 0  
    EQUIPMENT (PHONE SYSTEM) 770 770 0  
    EQUIPMENT (COMPUTER) 1,612 1,612 0  
    SOFTWARE (ADOBE) 236 236 0  
    EQUIPMENT (LAPTOP) 2,019 2,019 0  
    EQUIPMENT (ALARM) 5,780 5,780 0  
    EQUIPMENT (EMERGENCY GENERATOR) 26,600 26,600 0  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 837,265 204,841 632,424  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 290,383 66,703 223,680  
    EQUIPMENT (COMPUTER) 622 622 0  
    BUILDING (PURCHASE OF 195 UNION STREET) 173,700 36,560 137,140  
    LAND (PURCHASE OF 195 UNION STREET) 98,300 0 98,300  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 1,688,842 355,454 1,333,388  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2,209,137 408,316 1,800,821  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 6,951 1,595 5,356  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 8,118 1,829 6,289  
    WIRELESS RECEIVER 695 695 0  
    TRANSMITTERS 6,162 6,162 0  
    HANGING PANEL 320 320 0  
    PAST PERFECT SOFTWARE 926 926 0  
    COMPUTER 825 825 0  
    XEROX MACHINE 1,700 1,700 0  
    COMPUTER 1,295 1,295 0  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 75,371 13,934 61,437  
    COMPUTER EQUIPMENT (CLIMATE MONITORING DATALOGGER) 2,500 2,500 0  
    COMPUTER EQUIPMENT (INTEL P4308 SERVER) 4,324 4,324 0  
    CAPITALIZED BUILDING RENOVATIONS 117,759 21,008 96,751  
    CAPITALIZED BUILDING RENOVATIONS 1,484 261 1,223  
    CAPITALIZED BUILDING RENOVATIONS 13 0 13  
    CAPITALIZED BUILDING RENOVATIONS 20,505 3,616 16,889  
    CAPITALIZED BUILDING RENOVATIONS 18,105 3,152 14,953  
    CAPITALIZED BUILDING RENOVATIONS 221 40 181  
    CAPITALIZED BUILDING RENOVATIONS 32,038 5,234 26,804  
    CAPITALIZED BUILDING RENOVATIONS 8,960 1,504 7,456  
    EQUIPMENT (AC COMPRESSOR) 2,586 2,586 0  
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 6,587 6,587 0  
    FURNITURE & FIXTURES (LECTURN) 725 725 0  
    FURNITURE & FIXTURES (LIGHTING) 2,680 2,680 0  
    COMPUTER EQUIPMENT 3,320 3,320 0  
    COMPUTER EQUIPMENT 600 600 0  
    COMPUTER EQUIPMENT 795 795 0  
    CAPITALIZED CONSULTING FEES (CHURCH) 1,200 320 880  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 5,074 1,353 3,721  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,466 192 1,274  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 5,689 438 5,251  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,736 268 1,468  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,160 776 4,384  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 280 41 239  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2,400 354 2,046  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,437 641 3,796  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,268 1,601 9,667  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,216 590 3,626  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,320 1,583 9,737  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,656 505 3,151  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,181 704 4,477  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 748 99 649  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,243 161 1,082  
    FURNITURE & FIXTURES (DISPLAY CASES) 3,000 3,000 0  
    FURNITURE & FIXTURES (ALARM SYSTEM) 6,900 6,800 100  
    EQUIPMENT (TV) 3,059 3,059 0  
    EQUIPMENT (CAMERAS) 1,832 1,832 0  
    FURNITURE & FIXTURES (DISPLAY CASES) 25,650 25,276 374  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,620 187 1,433  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,179 531 3,648  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,461 411 3,050  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,306 606 4,700  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 14,986 1,552 13,434  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 14,134 1,086 13,048  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 203,061 15,621 187,440  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2,120 241 1,879  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 1,060 120 940  
    FURNITURE & FIXTURES (DISPLAY CASES) 2,433 1,192 1,241  
    COMPUTER EQUIPMENT 950 608 342  
    COMPUTER 3,600 2,304 1,296  
    CAPITALIZED ARCHITECT FEES 1,560 120 1,440  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 1,493 114 1,379  
    AV EQUIPMENT 28,322 11,328 16,994  
    COMPUTER 7,385 4,431 2,954  
    ANNEX BATHROOM 10,034 1,505 8,529  
    HVAC HUMIDITY SENSORS 9,242 2,772 6,470  
    SOFTWARE (CURATOR) 6,575 6,575 0  
    FURNITURE & FIXTURES (AWNING) 7,052 7,052 0  


    TY 2018 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
    ACCRUED INTEREST 8,687 9,727 9,727


    TY 2018 OtherDecreasesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 61,021


    TY 2018 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 67,726 0 3,750 63,285
    CURATORIAL 52,309 0 2,926 49,383
    INSURANCE 10,161 0 568 9,593
    OFFICE EXPENSE 26,064 0 1,384 23,349
    EVENTS, EXHIBITIONS & LECTURES 27,134 0 1,309 22,088
    GIFT SHOP AND OTHER 7,475 0 387 6,528
    PROFESSIONAL DEVELOPMENT 2,031 0 106 1,795
    EQUIPMENT RENTAL 8,593 0 481 8,112
    UTILITIES 1,514 0 1,514 0


    TY 2018 OtherIncomeSchedule2
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADMISSIONS 47,726   47,726
    PROGRAMS & EVENTS 25,416   25,416
    MISCELLANEOUS INCOME 6,469   6,469


    TY 2018 OtherLiabilitiesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED LIABILITIES 36,158 42,415
    DUE TO RELATED PARTIES 1,746 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 79,176 0 2,542 42,896
    INVESTMENT FEES 16,222 16,222 0 0


    TY 2018 TaxesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAXES 1,000 0 0 0