2017-11-13T09:51:22-06:00 2016-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2016-01-01 226799567 RUBIN MUSEUM OF ART AKA THE SHELLEY & DONALD RUBIN CULTURAL TRUST RUBI 2126205000 150 WEST 17TH STREET NEW YORK NY 10011 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 2126205000 2017-11-10 1 CHRIS BELLANDO P00541714 2126972299 38.142.140.186 2017-11-10 08:08:01 ES P 1E93C914C15040D0F9CA6C26F5286852340997B0 92F1F5EA3B3027A7BC03EA797A0C5FF6C1E07BC1 2016 2018-03-14 21:41:22Z PATRICK SEARS 150 WEST 17TH STREET NEW YORK NY 10011 20816275 0 X WWW.RUBINMUSEUM.ORG X 1999 NY THE RUBIN MUSEUM OF ART IS A DYNAMIC ENVIRONMENT THAT STIMULATES LEARNING, PROMOTES UNDERSTANDING, AND INSPIRES PERSONAL CONNECTIONS TO THE IDEAS, CULTURES, AND ART OF HIMALAYAN ASIA. 24 24 102 187 0 0 2575470 1493252 809244 883423 6528731 3606853 2009814 1645131 11923259 7628659 0 0 0 0 7287544 7214947 45600 124800 1361805 8839752 7483789 16172896 14823536 -4249637 -7194877 178340224 177882717 1335035 1377271 177005189 176505446 X THE RUBIN MUSEUM OF ART IS A DYNAMIC ENVIRONMENT THAT STIMULATES LEARNING, PROMOTES UNDERSTANDING, AND INSPIRES PERSONAL CONNECTIONS TO THE IDEAS, CULTURES, AND ART OF HIMALAYAN ASIA. 0 0 4660627 0 392555 COLLECTION AND EXHIBITIONS AT THE RUBIN MUSEUM OF ART:THE RUBIN MUSEUM HOLDS ONE OF THE TOP ART COLLECTIONS FROM HIMALAYAN ASIA WITH OVER 4,000 WORKS FROM CHINA, INDIA, NEPAL, PAKISTAN, AFGHANISTAN, MONGOLIA, BHUTAN, AND THE TIBETAN PLATEAU. THE ART IS ALSO A VITAL TOOL FOR CONNECTING TO THEMES RELEVANT IN OUR VISITORS' CONTEMPORARY LIVES. EXHIBITIONS INCLUDED NEPALESE SEASONS AND MONUMENTAL LHASA, WHICH PRESENTED NEW VIEWS ON CULTURAL TRADITIONS AND HISTORY THROUGH TRADITIONAL NEPALESE AND TIBETAN ART. IN 2016, WE WERE ALSO FORTUNATE TO SHOWCASE WORKS BY CONTEMPORARY ARTISTS LIKE GENESIS BREYER P-ORRIDGE AND SOUNDWALK COLLECTIVE, WHICH EXPANDED VISITOR PERCEPTIONS OF THE HIMALAYAN REGION, AND CHALLENGED PRECONCEIVED NOTIONS OF TRADITIONAL HIMALAYAN ART. 2484827 0 480235 PUBLIC PROGRAMS AND ENGAGEMENT:EDUCATIONAL PROGRAMS AT THE RUBIN OFFER AUDIENCES NEW AND MEANINGFUL WAYS TO ENGAGE WITH THE ART AND CULTURE OF THE HIMALAYAS, ITS WIDER THEMES, AND ITS APPLICATIONS TO EVERYDAY LIFE. TALKS AND WORKSHOPS EXAMINE THE TIMELESS QUESTIONS THAT HUMANS HAVE GRAPPLED WITH FOR CENTURIES, TAKING INSPIRATION FROM OUR COLLECTION OF ART. IN 2016, BRAINWAVE'S ANNUAL ON-STAGE CONVERSATIONS TACKLED THE TOPIC OF EMOTION, BRINGING TOGETHER NEUROSCIENTISTS AND OTHER EXPERTS TO OFFER OPPORTUNITIES FOR SELF-DISCOVERY. THE WISDOM MATRIX SERIES TACKLED THE DIFFICULT CONCEPT OF WISDOM AND WHY IT STILL MATTERS IN OUR ERA OF INFORMATION OVERLOAD. ONGOING SERIES LIKE CABARET CINEMA SCREENINGS, MINDFULNESS MEDITATION SESSIONS, HIMALAYAN HERITAGE MEETUPS, AND NAKED SOUL CONCERTS OFFERED CONTEMPORARY APPLICATIONS FOR THE THEMES IN HIMALAYAN ART, CULTIVATING SUPPORTIVE COMMUNITIES OF VISITORS IN THE PROCESS. DAILY TOURS, ACCESSIBILITY PROGRAMS FOR SENIORS, VISITORS WHO ARE BLIND OR PARTIALLY SIGHTED, GUESTS WITH ALZHEIMER'S AND OTHER FORMS OF DEMENTIA, AND THOSE WHO ARE DEAF OR HARD OF HEARING, ROUNDED OUT OUR PROGRAMMATIC OFFERINGS. IN FEBRUARY OF 2016, THE RUBIN MUSEUM ALSO LAUNCHED A FREE AUDIO GUIDE APP, WHICH FEATURES CURATORS, GUIDES, AND OTHER EXPERTS HIGHLIGHTING SELECTED WORKS FROM CURRENT EXHIBITIONS. AVAILABLE FOR FREE DOWNLOAD, THE APP ALLOWS NEW AUDIENCES TO ACCESS THE COLLECTION VIRTUALLY WHILE SIMULTANEOUSLY ENHANCING THE IN-GALLERY EXPERIENCE. THE RUBIN CONTINUED ITS STRONG FOCUS ON FAMILY PROGRAMMING IN 2016. FOR THE THIRD YEAR, THE MUSEUM CLOSED OFF WEST 17TH STREET FOR A COMMUNITY BLOCK PARTY IN JULY DESIGNED FOR FAMILIES AND INSPIRED BY THE EXHIBITION NEPALESE SEASONS. THE AFTERNOON CELEBRATED NEPAL'S MONSOON FESTIVALS WITH ART-MAKING ACTIVITIES, MUSIC AND DANCE PERFORMANCES, FAMILY YOGA, AND FREE MUSEUM TOURS AND ADMISSION. THROUGHOUT THE YEAR, FAMILIES WITH CHILDREN AGES THREE AND OLDER WERE INVITED TO PARTICIPATE IN FAMILY SUNDAY AFTERNOONS FULL OF FREE ACTIVITIES, INCLUDING TOURS AND ART-MAKING WORKSHOPS. FOR THE FIRST TIME, THE RUBIN MUSEUM ALSO CREATED MINDFULNESS PROGRAMMING SPECIFICALLY FOR FAMILY AUDIENCES.IN K-12 SCHOOLS, THE RUBIN CONTINUED TO REACH LOW-INCOME STUDENTS THROUGH MATH AND MANDALAS, OUR FREE, THREE-SESSION RESIDENCY PROGRAM FOR TITLE 1 AND PUBLIC SCHOOLS. THE PROGRAM PROVIDES INTEGRATED ARTS AND MATH LEARNING OPPORTUNITIES USING THE RUBIN'S COLLECTION OF MANDALA PAINTINGS (GEOMETRIC DIAGRAMS OF CELESTIAL PALACES THAT PLAY AN IMPORTANT ROLE IN HIMALAYAN ART AND CULTURE), WHICH ARE WELL SUITED TO TEACHING GEOMETRY AND VISUALIZING COMPLEX MATHEMATICAL CONCEPTS. 1579897 0 0 PUBLIC RELATIONS AND MARKETING:MUSEUMS TODAY ARE OPERATING IN A RAPIDLY CHANGING CULTURAL LANDSCAPE, WITH AUDIENCES WHOSE EXPECTATIONS ARE CHANGING DRAMATICALLY AND A SPECTRUM OF COMMUNICATIONS PLATFORMS THAT CONTINUES TO WIDEN. AS A PUBLIC MUSEUM FOCUSED ON SERVING OUR VISITORS, THE RUBIN INCREASED OUR MARKETING AND COMMUNICATIONS EFFORTS IN 2016, EXPANDING OUR PRESENCE ON DIGITAL CHANNELS AND FINDING NEW WAYS TO ATTRACT AUDIENCES AND ENGAGE VISITORS AROUND THE WORLD. ON OUR WEBSITE, SOCIAL MEDIA CHANNELS (FACEBOOK, INSTAGRAM, AND TWITTER) AND E-MAIL PLATFORMS, WE REACHED HUNDREDS OF THOUSANDS OF PEOPLE, SHARING VALUABLE EDUCATIONAL INFORMATION WITH OUR COMMUNITY. THROUGH VIDEOS, SOCIAL MEDIA POSTS, AND OTHER DIGITAL COMMUNICATIONS, WE WERE ABLE TO DELIVER HIMALAYAN ART AND IDEAS BEYOND THE GALLERIES OF THE MUSEUM, TO AUDIENCES FAR AND WIDE. THE RUBIN ALSO MADE NEWS HEADLINES IN 2016, FROM OUR EFFORTS TO BUILD COMMUNITY AND RECOGNIZE NEPAL'S CULTURAL HERITAGE IN THE YEAR FOLLOWING ITS MAJOR EARTHQUAKES, TO THOUGHTFUL REVIEWS OF OUR EXHIBITIONS AND PROGRAMS. MOST IMPORTANTLY, THESE EFFORTS AMPLIFIED OUR MISSION AND ARRAY OF PROGRAMMATIC OFFERINGS, BRINGING NEW VISITORS INTO THE FOLD. 637386 0 476184 PUBLICATIONS, AND SHOP 637386 0 476184 9362737 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 203 0 1 102 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MARILENA CHRISTODOULOU 2126205000 150 WEST 17TH STREET NEW YORK NY 10011 DONALD RUBIN CO-CHAIR 2.00 X X 0 0 0 SHELLEY RUBIN CO-CHAIR 5.00 X X 0 0 0 RAVI AKHOURY TRUSTEE 1.00 X 0 0 0 ROBERT M BAYLIS BOARD PRESIDENT 5.00 X X 0 0 0 GAVIN R BERGER TRUSTEE 1.00 X 0 0 0 NOAH P DORSKY TRUSTEE 1.00 X 0 0 0 ANU DUGGAL TRUSTEE 1.00 X 0 0 0 TOMMY GUO TRUSTEE 1.00 X 0 0 0 EVA HALLER TRUSTEE 1.00 X 0 0 0 PETER HUTCHINGS TREASURER 1.00 X X 0 0 0 RICHARD S LANIER TRUSTEE 1.00 X 0 0 0 WILLIAM MAYER TRUSTEE 1.00 X 0 0 0 MICHAEL MCCORMICK TRUSTEE 1.00 X 0 0 0 DAVID NALIN TRUSTEE 1.00 X 0 0 0 MATTHEW NIMETZ TRUSTEE 1.00 X 0 0 0 MARK NORELL TRUSTEE 1.00 X 0 0 0 AMY POSTER TRUSTEE 1.00 X 0 0 0 DAVID PRITZKER TRUSTEE 1.00 X 0 0 0 MARGOT PRITZKER TRUSTEE 1.00 X 0 0 0 RASIKA REDDY TRUSTEE 1.00 X 0 0 0 BASHA FROST RUBIN TRUSTEE 1.00 X 0 0 0 ERIC SCHOENBERG TRUSTEE 1.00 X 0 0 0 EILEEN CAULFIELD SCHWAB TRUSTEE 1.00 X 0 0 0 MANOJ SINGH TRUSTEE 1.00 X 0 0 0 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 40.00 X 221775 0 31616 PATRICK H SEARS EXECUTIVE DIRECTOR/SECRETARY 40.00 X 454790 0 52176 JORRIT BRITSCHGI DIRECTOR OF EXHIBITIONS & RESEARCH 40.00 X 177453 0 18875 TIMOTHY MCHENRY DIRECTOR OF PROGRAMS AND ENGAGEMENT 40.00 X 194371 0 31647 MITCHELL S ROTH FACILITIES MGR. AND CHIEF OF ENGINEERING 40.00 X 140420 0 41767 LINDA DUNNE-EGNER DIRECTOR OF MUSEUM OPERATIONS 40.00 X 127720 0 16166 NICOLE COMBS HEAD OF INDIVIDUAL GIVING 40.00 X 105090 0 4834 1421619 0 197081 7 0 1 0 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 541027 LAPLACA COHEN 43 WEST 24 STREET NEW YORK NY 10010 ADVERTISING AND MARKETING 408939 UNITED SERVICES OF AMERICAINC 855 MAIN STREET9TH FL BRIDGEPORT CT 06604 HOUSEKEEPING CONTRACT SERVICES 253276 UOVO LLC 41-54 22ND STREET LONG ISLAND CITY NY 11101 STORAGE 239252 MANA CONTEMPORARY PO BOX 28309 NEW YORK NY 100878309 STORAGE 168818 8 584145 374112 72200 462795 1493252 PROGRAM FEES 713990 456459 456459 MUSEUM ADMISSION FEES 713990 426964 426964 883423 3260721 3260721 1705422 525842 1179580 1179580 1179580 12347289 12001157 346132 346132 346132 273616 374112 273616 0 742741 387001 355740 355740 MISCELLANEOUS REVENUE 900099 109811 109811 109811 7628659 1348974 0 4786433 X 1182704 435016 684340 63348 4753582 2853282 1492889 407411 65367 56517 1619 7231 763311 428513 273110 61688 449983 250989 163096 35898 6394 4681 1713 46176 46176 124800 124800 121504 121504 1870721 1426266 340020 104435 518798 511737 3986 3075 1061174 597386 304538 159250 901004 595401 249493 56110 183106 122384 57895 2827 83980 47381 23028 13571 1841169 1467533 250069 123567 152510 99706 47387 5417 PROGRAM & SUPPORTING SE 608503 413377 24214 170912 PUBLICATIONS, SUBSCRIPT 88188 52335 13588 22265 MISCELLANEOUS 562 233 329 14823536 9362737 4098994 1361805 150053 522859 309175 113170 12852424 8470246 95170 80977 810050 890608 432813 255552 62135533 22717728 41119764 39417805 119085938 124522360 3484837 3609140 178340224 177882717 1201568 1245599 26987 25018 106480 106654 1335035 1377271 X 151520057 150575834 485130 929610 25000002 25000002 177005189 176505446 178340224 177882717 -7194877 6695134 0 X 0 1 X 1 0 X 3820952 2315994 26740925 2575470 1493252 36946593 3820952 2315994 26740925 2575470 1493252 36946593 25292377 11654216 3239816 3573685 4196989 4723658 4966143 20700291 97345 48740 307094 550815 109811 1113805 58760689 7160766 0.19830 0.16340 X THE RUBIN MUSEUM OF ART'S PERCENTAGE OF PUBLIC SUPPORT IS 19.83%. THE ORGANIZATION DOES NOT QUALIFY AS PUBLICLY SUPPORTED UNDER THE 33 1/3% TEST. HOWEVER, IT HAS A SOLICITATION PLAN FOR ATTRACTING PUBLIC SUPPORT AND A BROAD REPRESENTATIVE GOVERNING BODY; AND ITS PROGRAM SERVICES DIRECTLY BENEFIT THE GENERAL PUBLIC. THEREFORE, IT QUALIFIES AS A PUBLIC CHARITY UNDER THE FACTS AND CIRCUMSTANCES TEST OF IRC SEC. 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 102077488 4303372 9153670 5000000 110534530 121822342 4029962 253010 24027826 102077488 57626271 64070583 4356919 4231431 121822342 54984619 8670243 6028591 57626271 49263846 6645250 924477 54984619 0.84300 0.15080 0.00620 0 0 378750 3595496 3974246 2146250 18737864 8318388 12565726 1240108 33092255 11911170 22421193 1899810 1676759 223051 22529 1022471 811411 233589 39417805 SECURITY DEPOSITS 106654 106654 15115132 6695134 6695134 8419998 121504 -912843 -791339 7628659 15614875 912843 912843 14702032 121504 121504 14823536 PART III, LINE 1A: THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSUEM'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES WOULD BE REFLECTED ON THE STATEMENTS OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF MORE THAN 2,000 OBJECTS IS CONSIDERED TO BE THE MOST EXTENSIVE OF ITS KIND IN THE WEST. IT INCLUDES HIMALAYAN PAINTINGS, SCULPTURE, RITUAL OBJECTS, AND PRINTS SPANNING THE PERIOD FROM THE 2ND CENTURY TO THE 21ST CENTURY. THE COLLECTION IS THE BASIS OF THE MUSEUM'S EXHIBITIONS, EDUCATION AND PUBLIC PROGRAMS WHICH ARE VIEWED AND ENJOYED BY APPROXIMATELY 200,000 PEOPLE PER YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -387,001. EXPENSES - RESIDENTIAL APARTMENTS -525,842. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 387,001. EXPENSES - RESIDENTIAL APARTMENTS 525,842. X X X 1 PENNINGTON GRAY LLC 319 LENOX AVENUE SOUTH ORANGE NJ 07079 STRATEGIC CONSULTING FOR MEMBERSHIP AND ANNUAL FUND 0 0 48000 0 CARUSO CONSULTING CORPORATION 253-14 60TH AVENUE LITTLE NECK NY 11362 GRANT PROPOSALS 0 0 76800 0 124800 GALA 647728 374112 273616 143656 129960 647728 374112 273616 143656 129960 273616 0 X X 0 0 0 0 0 0 0 0 0 MARILENA CHRISTODOULOU CHIEF FINANCIAL OFFICER 221775 0 0 0 0 0 7375 0 24241 0 253391 0 0 0 PATRICK H SEARS EXECUTIVE DIRECTOR/SECRETARY 333240 0 121550 0 0 0 34450 0 17726 0 506966 0 0 0 JORRIT BRITSCHGI DIRECTOR OF EXHIBITIONS & RESEARCH 177453 0 0 0 0 0 0 0 18875 0 196328 0 0 0 TIMOTHY MCHENRY DIRECTOR OF PROGRAMS AND ENGAGEMENT 194371 0 0 0 0 0 6566 0 25081 0 226018 0 0 0 MITCHELL S ROTH FACILITIES MGR. AND CHIEF OF ENGINEE 140420 0 0 0 0 0 5019 0 36748 0 182187 0 0 0 X 1 0 1 0 PART I, LINE 33: THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTION, AND PURSUANT TO ITS ACCOUNTING POLICY, DOES NOT RECOGNIZE REVENUE FOR ANY DONATIONS OF COLLECTION ITEMS IN THE STATEMENT OF ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD DELEGATES AUTHORITY TO ACT ON ITS BEHALF BETWEEN MEETINGS OF THE BOARD OF TRUSTEES TO A 10 MEMBER EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWERS OF THE TRUSTEES EXCEPT IT MAY NOT AUTHORIZE ANY ACTION WHICH REQUIRES THE VOTE OF AT LEAST TWO-THIRD OF THE TRUSTEES UNDER THE RUBIN MUSEUM OF ART'S GOVERNING DOCUMENT. ALL 10 MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 DONALD RUBIN, SHELLEY RUBIN AND BASHA RUBIN HAVE A FAMILY RELATIONSHIP. DAVID PRITZKER AND MARGOT PRITZKER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A TWO TRUSTEES, DONALD RUBIN AND SHELLEY RUBIN, HAVE THE RIGHT TO APPOINT UP TO TWO TRUSTEES TO THE BOARD PROVIDED SUCH TRUSTEES ARE FAMILY MEMBERS OF THEIR FAMILY. TO-DATE, DONALD RUBIN AND SHELLEY RUBIN HAVE NEVER EXERCISED THIS RIGHT. UPON THE FIRST OF DONALD OR SHELLEY RUBIN CEASING TO ACT AS A TRUSTEE, THEIR DAUGHTER BASHA RUBIN SHALL BECOME A FAMILY MEMBER TRUSTEE. UPON THE SURVIVOR OF DONALD AND SHELLEY RUBIN CEASING TO ACT AS A TRUSTEE, THE FAMILY MEMBER DESIGNATED BY THE SURVIVOR OF DONALD OR SHELLEY RUBIN TO BECOME A FAMILY MEMBER TRUSTEE SHALL BECOME A FAMILY MEMBER TRUSTEE. IF THE SURVIVOR HAS NOT NOMINATED A FAMILY MEMBER, THEN BASHA RUBIN CAN DO SO. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE RUBIN MUSEUM OF ART'S AUDITORS, REVIEWED BY THE CHIEF FINANCIAL OFFICER AND EMAILED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE DUE DATE, LEAVING AT LEAST ONE WEEK FOR TRUSTEES' QUESTIONS AND COMMENTS. IT IS THEN FILED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE RUBIN MUSEUM OF ART'S "CODE OF ETHICS FOR TRUSTEES, EMPLOYEES AND VOLUNTEERS" IS AGREED AND ACCEPTED IN WRITING BY ALL SUCH INDIVIDUALS WHEN THEY JOIN THE ORGANIZATION IN THEIR RESPECTIVE CAPACITIES. IN ACCORDANCE WITH THE PROVISIONS OF THIS POLICY, EACH TRUSTEE AND EMPLOYEE WITH MANAGERIAL RESPONSIBILITIES IS FURNISHED A COPY OF THIS CODE OF ETHICS AT LEAST ANNUALLY AND REQUESTED TO COMPLETE AND FILE WITH THE ORGANIZATION AN "ANNUAL CONFLICT OF INTEREST STATEMENT". THE CFO REVIEWS ALL SUCH STATEMENTS AND, IF THERE IS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE CFO BRINGS IT TO THE ATTENTION OF THE CEO AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED TO ESTABLISH COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES INCLUDES REVIEW OF COMPENSATION FOR SIMILAR POSITIONS AT COMPARABLE MUSEUMS AND CHARITIES IN THE NEW YORK METROPOLITAN AREA; THE CPI FOR NYC; PERFORMANCE EVALUATIONS; AND RELATIVE PARITY WITHIN THE ORGANIZATION. THIS INFORMATION WAS PRESENTED TO THE EXECUTIVE DIRECTOR BY THE CFO FOR THE YEAR ENDED 12/31/2014. THE COMPENSATION FOR ALL EMPLOYEES WAS THEN APPROVED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN FOR EXECUTIVE MANAGEMENT TEAM (OFFICERS AND KEY EMPLOYEES) IN DECEMBER 2014. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BASED ON EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE RUBIN MUSEUM OF ART'S FINANCIAL STATEMENTS ARE MADE PUBLIC IN ITS ANNUAL REPORT WHICH IS ALSO POSTED ON ITS WEBSITE. ITS TAX RETURN IS PUBLIC INFORMATION ON GUIDESTAR AND OTHER ORGANIZATIONS THAT MONITOR NOT-FOR-PROFITS. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 949,369. MANAGEMENT AND GENERAL EXPENSES 201,634. FUNDRAISING EXPENSES 84,110. TOTAL EXPENSES 1,235,113. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 476,897. MANAGEMENT AND GENERAL EXPENSES 138,386. FUNDRAISING EXPENSES 20,325. TOTAL EXPENSES 635,608.