Rubin Museum of Art Aka the Shelley & Donald Rubin Cultural Trust

“The board delegates authority to act on its behalf between meetings of the board of trustees to a 6 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 6 members of the executive committee are members of the board.”

“Donald rubin, shelley rubin and basha rubin have a family relationship. Basha rubin and scott grinsell have a family relationship.”

“The musuem has contracted with the company of the jorrit britschgi to act as its executive director.”

“The founder shelley rubin, has the right to appoint up to two trustees to the board provided such trustees are family members of her family. To-date, shelley rubin has appointed basha rubin as a trustee.”

“Form 990 is prepared by the rubin museum of art's auditors, reviewed by the deputy executive director/cfo & coo and emailed to the full board of trustees at least 3 weeks prior to the due date, leaving 3 weeks for trustees' questions or comments. It is then filed by the organization.”

“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 with 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 deputy executive director reviews all such statements and, if there is a potential or actual conflict of interest, the deputy executive director brings it to the attention of the executive director and the executive committee.”

“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 deputy executive director, cfo & coo for the year ended 12/31/2024. 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 2024.”

“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.”

“Contract labor: program service expenses 1,909,478. Management and general expenses 393,848. Fundraising expenses 58,614. Total expenses 2,361,940. Professional fees: program service expenses 1,014,777. Management and general expenses 467,513. Fundraising expenses 8,000. Total expenses 1,490,290.”

“Cancellation of grant -165,500. Collection items purchased -95,161.”