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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$12,714,985J 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) 2,929,201
2 Check bullet.............
3 Interest on savings and temporary cash investments 56,480 56,480 56,480
4 Dividends and interest from securities...      
5a Gross rents............ 48,000   48,000
b Net rental income or (loss) 37,090
6a Net gain or (loss) from sale of assets not on line 10 -155
b Gross sales price for all assets on line 6a 584,156
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 39,549
b Less: Cost of goods sold.... 12,082
c Gross profit or (loss) (attach schedule)..... 27,467 27,467
11 Other income (attach schedule)....... Click to see attachment 39,467 0 39,467
12 Total. Add lines 1 through 11........ 3,100,460 56,480 171,414
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 268,614 0 6,828 206,452
14 Other employee salaries and wages...... 289,631 0 7,362 222,602
15 Pension plans, employee benefits....... 50,456 0 1,283 38,780
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 73,412 18,767 1,749 52,896
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 500 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 283,287 0 283,287
20 Occupancy.............. 185,498 0 5,975 180,653
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 18,823 0 520 15,737
23 Other expenses (attach schedule)....... Click to see attachment 214,341 0 7,783 201,190
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,384,562 18,767 314,787 918,310
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,384,562 18,767 314,787 918,310
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,715,898
b Net investment income (if negative, enter -0-) 37,713
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 227,006 216,051 216,051
2 Savings and temporary cash investments......... 219,799 498,784 498,784
3 Accounts receivable bullet875
Less: allowance for doubtful accounts bullet     875 875
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).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 38,628 43,422 43,422
9 Prepaid expenses and deferred charges.......... 22,957 20,068 20,068
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 2,627,308 Click to see attachment4,578,413 4,578,413
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 bullet11,099,827
Less: accumulated depreciation (attach schedule) bullet3,746,711 7,628,903 Click to see attachment7,353,116 7,353,116
15 Other assets (describe bullet) Click to see attachment6,401 Click to see attachment4,256 Click to see attachment4,256
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,771,002 12,714,985 12,714,985
Liabilities 17 Accounts payable and accrued expenses.......... 20,850 23,082
18 Grants payable.................    
19 Deferred revenue.................   3,155
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 attachment15,039 Click to see attachment12,388
23 Total liabilities (add lines 17 through 22)......... 35,889 38,625
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,720,113 10,046,043
25 Net assets with donor restrictions............ 15,000 2,630,317
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,735,113 12,676,360
30 Total liabilities and net assets/fund balances (see instructions). 10,771,002 12,714,985
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,735,113
2
Enter amount from Part I, line 27a .....................
2
1,715,898
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
225,349
4
Add lines 1, 2, and 3 ..........................
4
12,676,360
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 29 .
6
12,676,360
Form 990-PF (2021)
Form 990-PF (2021)
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 584,156   584,311 -155
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       -155
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 -155
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
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 524
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- ..... 5 524
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 310
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 755
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,065
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 2
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 10 539
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet539 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
    Yes
     
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    DR BORIS LEVIN DIRECTOR
    1.00     		0 0 0
    84 SPRING LANE
    FARMINGTON,CT06032
    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
    DR 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 EXECUTIVE DIRECTOR
    24.00     		209,789 0 0
    203 UNION STREET
    CLINTON,MA01510
    LYNN PHILBIN DEPUTY DIRECTOR
    20.00     		58,825 0 0
    203 UNION STREET
    CLINTON,MA01510
    JACK MCCABE PRESIDENT
    1.00     		0 0 0
    9 PHEASANT COVE CIRCLE
    YARMOUTH,MA02675
    ANN MOLLOY CLERK
    1.00     		0 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    CATHY MANNICK VICE PRESIDENT
    1.00     		0 0 0
    10 MCTERNAN STREET UNIT 301
    CAMBRIDGE,MA02139
    RUAH DONNELLY VICE PRESIDENT
    1.00     		0 0 0
    PO BOX 905
    CONWAY,MA01341
    MARGIE PATEL DIRECTOR
    1.00     		0 0 0
    60 COLBURN RD
    WELLESLEY,MA02481
    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
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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. 1,232,836
    2  
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    3,602,861
    b
    Average of monthly cash balances.......................
    1b
    580,820
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,183,681
    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
    4,183,681
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    62,755
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,120,926
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    206,046
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    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 XII, line 1 ...
    7
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, 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 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
    0 0 0 0 0
    b 85% (0.85) of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		925,810 938,619 1,035,856 982,361 3,882,646
    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 ....     		925,810 938,619 1,035,856 982,361 3,882,646
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 12,714,985 10,771,002 10,599,234 10,898,805 44,984,026
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 7,637,788 7,923,895 8,074,981 8,492,697 32,129,361
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, 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 XIV
    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).)
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 56,480  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 37,090  
    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 -155  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         27,467
    11 Other revenue:
    aMISCELLANEOUS INCOME     		        5,871
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 93,415 66,934
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    160,349
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    MUSEUM OF RUSSIAN ICONS INC
          		Employer identification number
    20-1992304
    Part I
    Contributors
    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
    LANKTON FAMILY FOUNDATION INC
     
    11968 CREEKSTONE WAY
     
    ZIONSVILLE, IN46077

    		$ 125,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    NYPRO FOUNDATION
     
    1010 UNION STREET
     
    CLINTON, MA01510

    		$ 12,600


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    MARGARET PATEL
    60 COLBURN RD
     
    WELLESLEY, MA02481

    		$ 20,565


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    BROSE SEYMOUR FAMILY
     
    18 DIAMOND HILL AVE
     
    BOYLSTON, MA01505

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ANONYMOUS
     
    203 UNION STREET
     
    CLINTON, MA01510

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    MRS GORDON B LANKTON
     
    15450 TAMIAMI TRAIL APT 208
     
    NAPLES, FL34110

    		$ 100,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    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 2021 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 1,065,383 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 2,375 704 SL 39.000000000000 61 0 61  
    FURNITURE & FIXTURES (PIANO DOLLY) 2008-03-26 1,697 1,697 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CHAIRS FOR CONFERENCE ROOM) 2008-07-16 2,899 2,899 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (LEATHER STOOLS) 2008-08-20 2,003 2,003 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (MUSEUM STOOLS) 2008-08-27 3,000 3,000 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (CHAIR & TABLES) 2008-08-28 14,582 14,582 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 28,364 SL 39.000000000000 2,292 0 2,292  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 1,698,740 502,721 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 2009-06-15 837,265 247,777 SL 39.000000000000 21,468 0 21,468  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-01 290,383 81,595 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 45,468 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 1,688,842 442,062 SL 39.000000000000 43,304 0 43,304  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 2,209,137 521,606 SL 39.000000000000 56,645 0 56,645  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-21 6,951 1,951 SL 39.000000000000 178 0 178  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-03-30 8,118 2,245 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 0  
    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 17,800 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 27,046 SL 39.000000000000 3,019 0 3,019  
    CAPITALIZED BUILDING RENOVATIONS 2012-02-01 1,484 337 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 4,668 SL 39.000000000000 526 0 526  
    CAPITALIZED BUILDING RENOVATIONS 2012-03-14 18,105 4,080 SL 39.000000000000 464 0 464  
    CAPITALIZED BUILDING RENOVATIONS 2012-04-20 221 52 SL 39.000000000000 6 0 6  
    CAPITALIZED BUILDING RENOVATIONS 2012-08-31 32,038 6,876 SL 39.000000000000 821 0 821  
    CAPITALIZED BUILDING RENOVATIONS 2012-06-15 8,960 1,964 SL 39.000000000000 230 0 230  
    EQUIPMENT (AC COMPRESSOR) 2013-07-10 2,586 1,293 200DB 7.000000000000 0 0 0  
    EQUIPMENT (DUCTLESS COOLING SYSTEM) 2013-01-31 6,587 3,293 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (LECTURN) 2013-02-21 725 362 200DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES (LIGHTING) 2013-12-30 2,680 1,340 200DB 7.000000000000 0 0 0  
    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 0  
    COMPUTER EQUIPMENT 2013-12-09 795 397 200DB 5.000000000000 0 0 0  
    CAPITALIZED CONSULTING FEES (CHURCH) 2015-05-05 1,200 800 SL 5.000000000000 0 0 0  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2015-05-05 5,074 3,383 SL 5.000000000000 0 0 0  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2013-12-15 1,466 268 SL 39.000000000000 38 0 38  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2016-01-01 5,689 730 SL 39.000000000000 146 0 146  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-01-15 1,736 358 SL 39.000000000000 45 0 45  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-02-15 5,160 1,040 SL 39.000000000000 132 0 132  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-03-15 280 55 SL 39.000000000000 7 0 7  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-04-15 2,400 478 SL 39.000000000000 62 0 62  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-05-15 4,437 869 SL 39.000000000000 114 0 114  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-06-15 11,268 2,179 SL 39.000000000000 289 0 289  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 4,216 806 SL 39.000000000000 108 0 108  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 11,320 2,163 SL 39.000000000000 290 0 290  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-08-15 3,656 693 SL 39.000000000000 94 0 94  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-09-15 5,181 970 SL 39.000000000000 133 0 133  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-10-15 748 137 SL 39.000000000000 19 0 19  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-12-15 1,243 225 SL 39.000000000000 32 0 32  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-02-28 3,000 1,500 200DB 7.000000000000 0 0 71  
    FURNITURE & FIXTURES (ALARM SYSTEM) 2014-05-02 6,900 3,430 200DB 7.000000000000 20 0 20  
    EQUIPMENT (TV) 2014-05-13 3,059 1,529 200DB 5.000000000000 0 0 0  
    EQUIPMENT (CAMERAS) 2014-05-13 1,832 916 200DB 5.000000000000 0 0 0  
    FURNITURE & FIXTURES (DISPLAY CASES) 2014-08-06 25,650 12,750 200DB 7.000000000000 75 0 75  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 2014-07-01 1,620 271 SL 39.000000000000 42 0 42  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-01-01 4,179 745 SL 39.000000000000 107 0 107  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-05-01 3,461 589 SL 39.000000000000 89 0 89  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-07-01 5,306 878 SL 39.000000000000 136 0 136  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-12-01 14,986 2,320 SL 39.000000000000 384 0 384  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2015-01-01 14,134 1,810 SL 39.000000000000 362 0 362  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-01-01 203,061 26,035 SL 39.000000000000 5,207 0 5,207  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2014-07-01 2,120 349 SL 39.000000000000 54 0 54  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2014-07-01 1,060 174 SL 39.000000000000 27 0 27  
    FURNITURE & FIXTURES (DISPLAY CASES) 2015-03-31 2,433 1,901 200DB 7.000000000000 355 0 355  
    COMPUTER EQUIPMENT 2015-03-09 950 950 200DB 5.000000000000 0 0 0  
    COMPUTER 2015-06-09 3,600 3,600 200DB 5.000000000000 0 0 0  
    CAPITALIZED ARCHITECT FEES 2015-05-05 1,560 200 SL 39.000000000000 40 0 40  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-02-20 1,493 190 SL 39.000000000000 38 0 38  
    AV EQUIPMENT 2016-09-23 28,322 22,656 SL 5.000000000000 5,664 0 5,666  
    COMPUTER 2016-03-14 7,385 7,385 SL 5.000000000000 0 0 0  
    ANNEX BATHROOM 2017-10-31 10,034 3,511 SL 10.000000000000 1,003 0 1,003  
    HVAC HUMIDITY SENSORS 2017-03-29 9,242 6,468 SL 5.000000000000 1,848 0 1,848  
    SOFTWARE (CURATOR) 2018-07-23 6,575   200DB 3.000000000000 0 0 1,278  
    FURNITURE & FIXTURES (AWNING) 2018-06-14 7,052   200DB 7.000000000000 0 0 1,007  
    FURNITURE & FIXTURES 2018-12-31 3,394 1,689 SL 5.000000000000 679 0 679  
    FURNITURE & FIXTURES - CURATORIAL STORAGE 2020-05-20 19,555 1,630 SL 7.000000000000 2,794 0 2,794  
    AV EQUIPMENT AND SOFTWARE 2020-12-31 16,625   SL 5.000000000000 3,325 0 3,325  
    VEEVART POS SYSTEM 2021-08-31 7,500   SL 5.000000000000 500 0 500  

    TY 2021 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 4,578,413 4,578,413

    TY 2021 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 1,140,366 1,783,973  
    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 2,375 765 1,610  
    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 30,656 58,732  
    CAPITALIZED COSTS FOR BUILDING RENOVATIONS 1,698,740 546,278 1,152,462  
    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 837,265 269,245 568,020  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 290,383 89,041 201,342  
    EQUIPMENT (COMPUTER) 622 622 0  
    BUILDING (PURCHASE OF 195 UNION STREET) 173,700 49,922 123,778  
    LAND (PURCHASE OF 195 UNION STREET) 98,300 0 98,300  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 1,688,842 485,366 1,203,476  
    CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2,209,137 578,251 1,630,886  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 6,951 2,129 4,822  
    CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 8,118 2,453 5,665  
    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 19,733 55,638  
    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 30,065 87,694  
    CAPITALIZED BUILDING RENOVATIONS 1,484 375 1,109  
    CAPITALIZED BUILDING RENOVATIONS 13 0 13  
    CAPITALIZED BUILDING RENOVATIONS 20,505 5,194 15,311  
    CAPITALIZED BUILDING RENOVATIONS 18,105 4,544 13,561  
    CAPITALIZED BUILDING RENOVATIONS 221 58 163  
    CAPITALIZED BUILDING RENOVATIONS 32,038 7,697 24,341  
    CAPITALIZED BUILDING RENOVATIONS 8,960 2,194 6,766  
    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) 1,200 800 400  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 5,074 3,383 1,691  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,466 306 1,160  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 5,689 876 4,813  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,736 403 1,333  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,160 1,172 3,988  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 280 62 218  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2,400 540 1,860  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,437 983 3,454  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,268 2,468 8,800  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,216 914 3,302  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,320 2,453 8,867  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,656 787 2,869  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,181 1,103 4,078  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 748 156 592  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,243 257 986  
    FURNITURE & FIXTURES (DISPLAY CASES) 3,000 3,000 0  
    FURNITURE & FIXTURES (ALARM SYSTEM) 6,900 6,900 0  
    EQUIPMENT (TV) 3,059 3,059 0  
    EQUIPMENT (CAMERAS) 1,832 1,832 0  
    FURNITURE & FIXTURES (DISPLAY CASES) 25,650 25,650 0  
    CAPITALIZED CONSULTING FEES (203 UNION STREET) 1,620 313 1,307  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,179 852 3,327  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,461 678 2,783  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,306 1,014 4,292  
    CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 14,986 2,704 12,282  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 14,134 2,172 11,962  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 203,061 31,242 171,819  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2,120 403 1,717  
    CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 1,060 201 859  
    FURNITURE & FIXTURES (DISPLAY CASES) 2,433 2,256 177  
    COMPUTER EQUIPMENT 950 950 0  
    COMPUTER 3,600 3,600 0  
    CAPITALIZED ARCHITECT FEES 1,560 240 1,320  
    CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 1,493 228 1,265  
    AV EQUIPMENT 28,322 28,320 2  
    COMPUTER 7,385 7,385 0  
    ANNEX BATHROOM 10,034 4,514 5,520  
    HVAC HUMIDITY SENSORS 9,242 8,316 926  
    SOFTWARE (CURATOR) 6,575 6,575 0  
    FURNITURE & FIXTURES (AWNING) 7,052 7,052 0  
    FURNITURE & FIXTURES 3,394 2,368 1,026  
    FURNITURE & FIXTURES - CURATORIAL STORAGE 19,555 4,424 15,131  
    AV EQUIPMENT AND SOFTWARE 16,625 3,325 13,300  
    VEEVART POS SYSTEM 7,500 500 7,000  


    TY 2021 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 RECEIVABLE 6,401 4,256 4,256


    TY 2021 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 57,600 0 1,837 55,542
    CURATORIAL 82,141 0 2,625 79,386
    INSURANCE 9,163 0 293 8,870
    OFFICE EXPENSE 32,481 0 940 28,411
    EVENTS, EXHIBITIONS & LECTURES 14,048 0 395 11,941
    GIFT SHOP AND OTHER 8,647 0 271 8,201
    PROFESSIONAL DEVELOPMENT 1,257 0 40 1,217
    EQUIPMENT RENTAL 7,874 0 252 7,622
    UTILITIES 1,130 0 1,130 0


    TY 2021 OtherIncomeSchedule2
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADMISSIONS 19,710   19,710
    PROGRAMS & EVENTS 13,886   13,886
    MISCELLANEOUS INCOME 5,871   5,871


    TY 2021 OtherIncreasesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 225,349


    TY 2021 OtherLiabilitiesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED LIABILITIES 15,039 12,388


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 54,645 0 1,749 52,896
    INVESTMENT FEES 18,767 18,767 0 0


    TY 2021 SubstantialContributorsSch
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Name Address
    MRS GORDON LANKTON
          		ALL SEASON NAPLES 15450 TAMIAMI
    TRAIL APT 208
    NAPLES,FL34110


    TY 2021 TaxesSchedule
    Name:
    MUSEUM OF RUSSIAN ICONS INC
    EIN:
    20-1992304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAXES 500 0 0 0