Museum Of Russian Icons Inc
- Assets
- $12.7m
- Revenue
- $3.1m
- Investments
- $4.6m
- Employees
- 0
- Location
- Clinton, MA
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-1992304
Organization Overview
Museum Of Russian Icons Inc is located in Clinton, MA. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Russian Icons Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Museum Of Russian Icons Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Russell Executive Director | 24 | $209,789 | |
Lynn Philbin Deputy Director | 20 | $58,825 | |
Eric A Lowrey Director | 1 | $0 | |
Cathy Mannick Vice President | 1 | $0 | |
Dr Boris Levin Director | 1 | $0 | |
Ted Lapres Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atomic Design | 12/30/14 | $161,926 |
Th Smith Building & Remodeling | 12/30/14 | $216,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,929,201 |
| Interest on Savings | $56,480 |
| Dividends & Interest | $0 |
| Net Rental Income | $37,090 |
| Net Gain on Sale of Assets | -$155 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $27,467 |
| Other Income | $39,467 |
| Total Revenue | $3,100,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $268,614 |
| Other employee salaries and wages | $289,631 |
| Pension plans, employee benefits | $50,456 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $283,287 |
| Occupancy | $185,498 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $18,823 |
| Other expenses | $214,341 |
| Total operating and administrative expenses | $1,384,562 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,384,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,051 |
| Savings and temporary cash investments | $498,784 |
| Net Accounts receivable | $875 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $43,422 |
| Prepaid expenses and deferred charges | $20,068 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,353,116 |
| Other assets | $4,256 |
| Total assets | $12,714,985 |
| Accounts payable and accrued expenses | $23,082 |
| Grants payable | $0 |
| Deferred revenue | $3,155 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,388 |
| Total liabilities | $38,625 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Museum Of Russian Icons Inc has recieved totaling $144,600.
| Awarding Organization | Amount |
|---|---|
Lankton Family Foundation Inc Milledgeville, GA PURPOSE: INSPIRES THE APPRECIATION AND STUDY OF RUSSIAN CULTURE BY COLLECTING AND EXHIBITING ICONS AND RELATED OBJECTS | $125,000 |
Nypro Foundation Inc Clinton, MA PURPOSE: PROGRAM SUPPORT | $12,600 |
C Richard And Olive J Brose Hie Hill Foundation Inc Boylston, MA PURPOSE: TO SUPPORT THEIR MISSION | $5,000 |
Arthur M And Martha R Pappas Foundation Stoneham, MA PURPOSE: GENERAL | $1,000 |
The Plato Malozemoff Foundation Lincoln, MA PURPOSE: UNRESTRICTED GIFT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |