Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ICON MUSEUM AND STUDY CENTER 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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,550,084J 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) 244,137
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 570,013 570,013 570,013
5a Gross rents............ 6,000   6,000
b Net rental income or (loss) 3,555
6a Net gain or (loss) from sale of assets not on line 10 -34,261
b Gross sales price for all assets on line 6a 930,782
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 44,653
b Less: Cost of goods sold.... 12,621
c Gross profit or (loss) (attach schedule)..... 32,032 32,032
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
106,125 0 106,125
12 Total. Add lines 1 through 11........ 924,046 570,013 714,170
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 206,638 0 14,459 153,906
14 Other employee salaries and wages...... 262,156 0 18,344 195,256
15 Pension plans, employee benefits....... 69,804 0 4,884 51,991
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
157,278 77,773 5,649 60,134
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,191 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
284,873 0 284,873
20 Occupancy.............. 215,839 0 18,536 197,303
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 2,499 0 215 2,284
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
326,669 0 24,895 264,984
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,542,947 77,773 371,855 925,858
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,542,947 77,773 371,855 925,858
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -618,901
b Net investment income (if negative, enter -0-) 492,240
c Adjusted net income (if negative, enter -0-)... 342,315
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 163,829 248,713 248,713
2 Savings and temporary cash investments......... 545,733 1,102,479 1,102,479
3 Accounts receivable right arrow7,745
Less: allowance for doubtful accounts right arrow   7,250 7,745 7,745
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 43,573 43,641 43,641
9 Prepaid expenses and deferred charges.......... 19,165 24,334 24,334
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 15,519,875 Click to see attachment
List of Attached Documents:
// Content
16,254,728 		16,254,728
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow11,113,887
Less: accumulated depreciation (attach schedule) right arrow4,312,086 7,086,674 Click to see attachment
List of Attached Documents:
// Content
6,801,801 		6,801,801
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
84,636 		Click to see attachment
List of Attached Documents:
// Content
66,643 		Click to see attachment
List of Attached Documents:
// Content
66,643
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,470,735 24,550,084 24,550,084
Liabilities 17 Accounts payable and accrued expenses.......... 38,394 16,948
18 Grants payable.................    
19 Deferred revenue................. 2,354  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
39,397 		Click to see attachment
List of Attached Documents:
// Content
16,571
23 Total liabilities (add lines 17 through 22)......... 80,145 33,519
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,568,796 8,141,851
25 Net assets with donor restrictions............ 14,821,794 16,374,714
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 23,390,590 24,516,565
30 Total liabilities and net assets/fund balances (see instructions). 23,470,735 24,550,084
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
23,390,590
2
Enter amount from Part I, line 27a .....................
2
-618,901
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,744,876
4
Add lines 1, 2, and 3 ..........................
4
24,516,565
5
Decreases not included in line 2 (itemize) right arrow
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
24,516,565
Form 990-PF (2023)
Form 990-PF (2023)
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 930,782   965,043 -34,261
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       -34,261
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 -34,261
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
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 right arrow 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) 1 6,842
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 6,842
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 6,842
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,520
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,520
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 4,678
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow4,678 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMA
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 2023 or the taxable year beginning in 2023? 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. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ICONMUSEUM.ORG
14
The books are in care ofright arrowSIMON MORSINK Telephone no.right arrow (978) 598-5000

Located atright arrow203 UNION STREETCLINTONMA ZIP+4right arrow01510
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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 BROSE DIRECTOR
1.00 		0 0 0
18 DIAMOND HILL AVENUE
BOYLSTON,MA01505
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 DIRECTOR
1.00 		0 0 0
203 UNION STREET
CLINTON,MA01510
LYNN PHILBIN FORMER DEPUTY DIRECTOR
20.00 		10,500 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 DIRECTOR
1.00 		0 0 0
PO BOX 905
CONWAY,MA01341
MARGIE PATEL DIRECTOR
1.00 		0 0 0
60 COLBURN RD
WELLESLEY,MA02481
BILL O'NEIL JR DIRECTOR
1.00 		0 0 0
43 WOODLAND MEADOW DRIVE
LANCASTER,MA01523
DR WENDY SALMOND DIRECTOR
1.00 		0 0 0
1 UNIVERSITY DRIVE
ORANGE,CA92866
SIMON MORSINK EXECUTIVE DIRECTOR
24.00 		196,138 13,824 0
203 UNION STREET
CLINTON,MA01510
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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 MUSEUM ILLUMINATES THE ART OF THE SACRED ICON FOR A GLOBAL AUDIENCE. THE MUSEUM SERVES AS A LEADING CENTER FOR DIALOGUE ON ICONS AS A DIVERSE AND LIVING TRADITION. THE MUSEUM INSPIRES LEARNING AND UNDERSTANDING THROUGH INNOVATIVE EXHIBITIONS, PROGRAMS, AND SCHOLARSHIP 1,235,724
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
15,887,301
b
Average of monthly cash balances.......................
1b
1,030,377
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
16,917,678
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
16,917,678
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
253,765
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,663,913
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
833,196
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 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (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
925,858
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
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
925,858
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
342,315 356,875 0 0 699,190
b 85% (0.85) of line 2a ......... 290,968 303,344 0 0 594,312
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		925,858 1,070,531 925,810 938,619 3,860,818
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 .... 		925,858 1,070,531 925,810 938,619 3,860,818
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 24,550,084 23,470,735 12,714,985 10,771,002 71,506,806
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		 7,192,877 7,405,127 7,637,788 7,923,895 30,159,687
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		555,464 350,097 137,364 94,179 1,137,104
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 right arrow
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 (2023)
Form 990-PF (2023)
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 .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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
aADMISSIONS         31,027
bPROGRAMS & EVENTS         15,323
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 570,013  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 3,555  
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 -34,261  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         32,032
11 Other revenue:
aMISCELLANEOUS INCOME 		        59,775
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 539,307 138,157
13Total. Add line 12, columns (b), (d), and (e)..................
13
677,464
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
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
2023
Name of the organization
ICON MUSEUM AND STUDY CENTER 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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ICON MUSEUM AND STUDY CENTER 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
HIE HILL FOUNDATION
 
18 DIAMOND HILL AVE
 
BOYLSTON, MA01505

$ 7,500


(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 RD
 
WELLESLEY, MA02481

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CATHERINE MANNICK
10 CORPORAL MCTERNAN ST UNIT 301
 
CAMBRIDGE, MA02139

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
TED & CONNIE LAPRES
 
34 PASEO DEL CONEJO
 
SANTA FE, NM87506

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
RUAH DONNELLY
 
PO BOX 905
 
CONWAY, MA01341

$ 13,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
JOHN MMCABE
 
9 PHEASENT COVE CIRCLE
 
YARMOUTHPORT, MA02675

$ 7,975


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
ICON MUSEUM AND STUDY CENTER 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
7
BRANDON & LYNETTE HULL
 
9671 28TH BAY STREET
 
NORFOLK, VA23518

$ 20,000


(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.)
(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ICON MUSEUM AND STUDY CENTER 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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ICON MUSEUM AND STUDY CENTER 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) (2023)
Additional Data


Software ID:  
Software Version:  

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TY 2023 DepreciationSchedule
Name:
ICON MUSEUM AND STUDY CENTER 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 1,215,349 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 2,375 826 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 32,948 SL 39.000000000000 2,292 0 2,292  
CAPITALIZED COSTS FOR BUILDING RENOVATIONS 2009-06-15 1,698,740 589,835 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 2009-06-15 837,265 290,713 SL 39.000000000000 21,468 0 21,468  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-01 290,383 96,487 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 54,376 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 1,688,842 528,670 SL 39.000000000000 43,304 0 43,304  
CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2011-10-15 2,209,137 634,896 SL 39.000000000000 56,645 0 56,645  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-01-21 6,951 2,307 SL 39.000000000000 178 0 178  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 2010-03-30 8,118 2,661 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 21,666 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 33,084 SL 39.000000000000 3,019 0 3,019  
CAPITALIZED BUILDING RENOVATIONS 2012-02-01 1,484 413 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 5,720 SL 39.000000000000 526 0 526  
CAPITALIZED BUILDING RENOVATIONS 2012-03-14 18,105 5,008 SL 39.000000000000 464 0 464  
CAPITALIZED BUILDING RENOVATIONS 2012-04-20 221 64 SL 39.000000000000 6 0 6  
CAPITALIZED BUILDING RENOVATIONS 2012-08-31 32,038 8,518 SL 39.000000000000 821 0 821  
CAPITALIZED BUILDING RENOVATIONS 2012-06-15 8,960 2,424 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 1,466 344 SL 39.000000000000 38 0 38  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2016-01-01 5,689 1,022 SL 39.000000000000 146 0 146  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-01-15 1,736 448 SL 39.000000000000 45 0 45  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-02-15 5,160 1,304 SL 39.000000000000 132 0 132  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-03-15 280 69 SL 39.000000000000 7 0 7  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-04-15 2,400 602 SL 39.000000000000 62 0 62  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-05-15 4,437 1,097 SL 39.000000000000 114 0 114  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-06-15 11,268 2,757 SL 39.000000000000 289 0 289  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 4,216 1,022 SL 39.000000000000 108 0 108  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-07-15 11,320 2,743 SL 39.000000000000 290 0 290  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-08-15 3,656 881 SL 39.000000000000 94 0 94  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-09-15 5,181 1,236 SL 39.000000000000 133 0 133  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-10-15 748 175 SL 39.000000000000 19 0 19  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2013-12-15 1,243 289 SL 39.000000000000 32 0 32  
FURNITURE & FIXTURES (DISPLAY CASES) 2014-02-28 3,000 1,500 200DB 7.000000000000 0 0 0  
FURNITURE & FIXTURES (ALARM SYSTEM) 2014-05-02 6,900 3,450 200DB 7.000000000000 0 0 0  
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 12,825 200DB 7.000000000000 0 0 0  
CAPITALIZED CONSULTING FEES (203 UNION STREET) 2014-07-01 1,620 355 SL 39.000000000000 42 0 42  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-01-01 4,179 959 SL 39.000000000000 107 0 107  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-05-01 3,461 767 SL 39.000000000000 89 0 89  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-07-01 5,306 1,150 SL 39.000000000000 136 0 136  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2014-12-01 14,986 3,088 SL 39.000000000000 384 0 384  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2015-01-01 14,134 2,534 SL 39.000000000000 362 0 362  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-01-01 203,061 36,449 SL 39.000000000000 5,207 0 5,207  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2014-07-01 2,120 457 SL 39.000000000000 54 0 54  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 2014-07-01 1,060 228 SL 39.000000000000 27 0 27  
FURNITURE & FIXTURES (DISPLAY CASES) 2015-03-31 2,433 2,433 200DB 7.000000000000 0 0 0  
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 1,560 280 SL 39.000000000000 40 0 40  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 2015-02-20 1,493 266 SL 39.000000000000 38 0 38  
AV EQUIPMENT 2016-09-23 28,322 28,320 SL 5.000000000000 0 0 0  
COMPUTER 2016-03-14 7,385 7,385 SL 5.000000000000 0 0 0  
ANNEX BATHROOM 2017-10-31 10,034 5,517 SL 10.000000000000 1,003 0 1,003  
HVAC HUMIDITY SENSORS 2017-03-29 9,242 9,242 SL 5.000000000000 0 0 0  
SOFTWARE (CURATOR) 2018-07-23 6,575   200DB 3.000000000000 0 0 0  
FURNITURE & FIXTURES (AWNING) 2018-06-14 7,052   200DB 7.000000000000 0 0 1,007  
FURNITURE & FIXTURES 2018-12-31 3,394 3,047 SL 5.000000000000 347 0 347  
FURNITURE & FIXTURES - CURATORIAL STORAGE 2020-05-20 19,555 7,218 SL 7.000000000000 2,794 0 2,794  
AV EQUIPMENT AND SOFTWARE 2020-12-31 16,625 6,650 SL 5.000000000000 3,325 0 3,325  
VEEVART POS SYSTEM 2021-08-31 7,500 2,000 SL 5.000000000000 1,500 0 1,500  
NEW FX SERVER 2022-03-17 6,540 981 SL 5.000000000000 1,308 0 1,308  
HUMIDIFIER IN SOUTH GALLERY 2022-12-15 7,520 89 SL 7.000000000000 1,074 0 1,074  

TY 2023 InvestmentsCorpBondsSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Name of Bond End of Year Book Value End of Year Fair Market Value
US TRUST BANK OF AMERICA 16,254,728 16,254,728

TY 2023 LandEtcSchedule2
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 2,924,339 1,290,332 1,634,007  
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 2,375 887 1,488  
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 35,240 54,148  
CAPITALIZED COSTS FOR BUILDING RENOVATIONS 1,698,740 633,392 1,065,348  
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 837,265 312,181 525,084  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 290,383 103,933 186,450  
EQUIPMENT (COMPUTER) 622 622 0  
BUILDING (PURCHASE OF 195 UNION STREET) 173,700 58,830 114,870  
LAND (PURCHASE OF 195 UNION STREET) 98,300 0 98,300  
CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 1,688,842 571,974 1,116,868  
CAPITALIZED COSTS FOR 195 UNION STREET RENOVATION 2,209,137 691,541 1,517,596  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 6,951 2,485 4,466  
CAPITALIZED COSTS FOR MECHANIC STREET RENOVATION 8,118 2,869 5,249  
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 23,599 51,772  
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 36,103 81,656  
CAPITALIZED BUILDING RENOVATIONS 1,484 451 1,033  
CAPITALIZED BUILDING RENOVATIONS 13 0 13  
CAPITALIZED BUILDING RENOVATIONS 20,505 6,246 14,259  
CAPITALIZED BUILDING RENOVATIONS 18,105 5,472 12,633  
CAPITALIZED BUILDING RENOVATIONS 221 70 151  
CAPITALIZED BUILDING RENOVATIONS 32,038 9,339 22,699  
CAPITALIZED BUILDING RENOVATIONS 8,960 2,654 6,306  
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) 1,466 382 1,084  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 5,689 1,168 4,521  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,736 493 1,243  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,160 1,436 3,724  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 280 76 204  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 2,400 664 1,736  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,437 1,211 3,226  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,268 3,046 8,222  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,216 1,130 3,086  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 11,320 3,033 8,287  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,656 975 2,681  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,181 1,369 3,812  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 748 194 554  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 1,243 321 922  
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) 1,620 397 1,223  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 4,179 1,066 3,113  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 3,461 856 2,605  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 5,306 1,286 4,020  
CAPITALIZED BUILDING RENOVATIONS (203 UNION STREET) 14,986 3,472 11,514  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 14,134 2,896 11,238  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 203,061 41,656 161,405  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX - RENTAL) 2,120 511 1,609  
CAPITALIZED CONSULTING FEES (109 MECHANIC STREET - ANNEX) 1,060 255 805  
FURNITURE & FIXTURES (DISPLAY CASES) 2,433 2,433 0  
COMPUTER EQUIPMENT 950 950 0  
COMPUTER 3,600 3,600 0  
CAPITALIZED ARCHITECT FEES 1,560 320 1,240  
CAPITALIZED BUILDING RENOVATIONS (109 MECHANIC STREET - ANNEX) 1,493 304 1,189  
AV EQUIPMENT 28,322 28,320 2  
COMPUTER 7,385 7,385 0  
ANNEX BATHROOM 10,034 6,520 3,514  
HVAC HUMIDITY SENSORS 9,242 9,242 0  
SOFTWARE (CURATOR) 6,575 6,575 0  
FURNITURE & FIXTURES (AWNING) 7,052 7,052 0  
FURNITURE & FIXTURES 3,394 3,394 0  
FURNITURE & FIXTURES - CURATORIAL STORAGE 19,555 10,012 9,543  
AV EQUIPMENT AND SOFTWARE 16,625 9,975 6,650  
VEEVART POS SYSTEM 7,500 3,500 4,000  
NEW FX SERVER 6,540 2,289 4,251  
HUMIDIFIER IN SOUTH GALLERY 7,520 1,163 6,357  


TY 2023 OtherAssetsSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST RECEIVABLE 84,636 66,643 66,643


TY 2023 OtherExpensesSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 97,038 0 8,334 88,704
CURATORIAL 132,716 0 11,398 121,318
INSURANCE 11,789 0 1,012 10,777
OFFICE EXPENSE 25,116 0 1,470 15,643
EVENTS, EXHIBITIONS & LECTURES 39,015 0 878 9,350
GIFT SHOP AND OTHER 14,523 0 1,247 13,276
PROFESSIONAL DEVELOPMENT 350 0 30 320
EQUIPMENT RENTAL 6,122 0 526 5,596


TY 2023 OtherIncomeSchedule2
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ADMISSIONS 31,027   31,027
PROGRAMS & EVENTS 15,323   15,323
MISCELLANEOUS INCOME 59,775   59,775


TY 2023 OtherIncreasesSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Description Amount
UNREALIZED GAINS ON INVESTMENTS 1,744,876


TY 2023 OtherLiabilitiesSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED LIABILITIES 39,397 16,571


TY 2023 OtherProfessionalFeesSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 79,505 0 5,649 60,134
INVESTMENT FEES 77,773 77,773 0 0


TY 2023 TaxesSchedule
Name:
ICON MUSEUM AND STUDY CENTER INC
EIN:
20-1992304
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 17,191 0 0 0