2021-04-30T10:26:22-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 500 AUBURN HILLS MI 48326 990 2019-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 RODERICK SPEARIN COO 2486453000 2021-04-20 1 TINA PETERS P00904574 2483757100 2021-04-19 2019 2022-09-23 18:48:47Z DOMINIC DIMARCO PO BOX 801 BLOOMFIELD HILLS MI 483030801 130354827 0 X WWW.CRANBROOK.EDU X 1973 MI THE CRANBROOK EDUCATIONAL COMMUNITY PROVIDES EXTRAORDINARY EDUCATION, ENCOURAGES CREATIVITY AND INNOVATION, AND VALUES LEARNERS OF ALL AGES AND BACKGROUNDS. CRANBROOK DEVELOPS PEOPLE WHO WILL LIVE WITH PURPOSE AND INTEGRITY, CREATE WITH PASSION, EXPLORE WITH CURIOSITY, AND STRIVE FOR EXCELLENCE. 32 32 1323 782 75670 0 18031756 12461941 57672927 56590605 12651014 16830209 229468 688461 88585165 86571216 2334797 2361060 0 0 47627554 48419846 111405 0 5067108 35275968 32293071 85349724 83073977 3235441 3497239 438204743 429134973 100139256 100304402 338065487 328830571 X THE CRANBROOK EDUCATIONAL COMMUNITY PROVIDES EXTRAORDINARY EDUCATION, ENCOURAGES CREATIVITY AND INNOVATION, AND VALUES LEARNERS OF ALL AGES AND BACKGROUNDS. CRANBROOK DEVELOPS PEOPLE WHO WILL LIVE WITH PURPOSE AND INTEGRITY, CREATE WITH PASSION, EXPLORE WITH CURIOSITY, AND STRIVE FOR EXCELLENCE. 0 0 49692844 1349091 51098829 CRANBROOK SCHOOLS ARE INDEPENDENT DAY AND BOARDING SCHOOLS THAT PROVIDE STUDENTS WITH A CHALLENGING AND COMPREHENSIVE COLLEGE PREPARATORY EDUCATION. WE MOTIVATE STUDENTS FROM DIVERSE BACKGROUNDS TO STRIVE FOR INTELLECTUAL, CREATIVE, AND PHYSICAL EXCELLENCE, TO DEVELOP A DEEP APPRECIATION FOR THE ARTS AND DIFFERENT CULTURES, AND TO EMPLOY THE TECHNICAL TOOLS OF OUR MODERN AGE. OUR SCHOOLS SEEK TO INSTILL IN STUDENTS A STRONG SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY, THE ABILITY TO THINK CRITICALLY, AND THE COMPETENCE TO COMMUNICATE AND CONTRIBUTE IN AN INCREASINGLY GLOBAL COMMUNITY. FALL 2019 ENROLLMENT WAS 1,665 STUDENTS, 810 STUDENTS WERE GRADES 9TH THRU 12TH, OF THOSE 258 WERE BOARDING STUDENTS. LOWER SCHOOL PRE-K THRU 5TH GRADE, 501 STUDENTS, MIDDLE SCHOOL GRADES 6TH THRU 8TH WERE 354 STUDENTS. 9064754 1011969 4549978 CRANBROOK ACADEMY OF ART IS AN INDEPENDENT GRADUATE DEGREE-GRANTING INSTITUTION OFFERING AN INTENSE STUDIO-BASED EXPERIENCE WHERE ARTISTS-IN-RESIDENCE MENTOR STUDENTS IN ART, ARCHITECTURE AND DESIGN TO CREATIVELY INFLUENCE CONTEMPORARY CULTURE. FALL ENROLLMENT WAS 136 STUDENTS. CRANBROOK ART MUSEUM ACTIVELY ENGAGES THE VIEWER TO DISCOVER RELEVANT, TRANSFORMATIVE, AND SIGNIFICANT MOMENTS IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN. WE BRING TOGETHER PEOPLE FROM DETROIT AND OUR REGION, THE CRANBROOK COMMUNITY, AND SOCIETY AT LARGE TO PROVOKE NEW IDEAS. WE ACHIEVE THIS AT CRANBROOK EDUCATIONAL COMMUNITY, A NATIONAL HISTORIC LANDMARK, WHERE THE PURSUIT OF KNOWLEDGE AND INNOVATION IS PARAMOUNT. THE ART MUSEUM ATTENDENCE FOR 2019 WAS 32,192; WITH A MEMBERSHIP OF 644 MEMBERS. 3829451 0 774267 THE CRANBROOK INSTITUTE OF SCIENCE MISSION IS TO ADVANCE SCIENTIFIC LITERACY, NURTURE CURIOSITY AND ENCOURAGE ADVOCACY FOR THE NATURAL AND CULTURAL WORLDS IN WHICH WE LIVE. THE SCIENCE MUSEUM ATTENDANCE FOR 2019 WAS 175,033; WITH A MEMBERSHIP OF 4,792 MEMBERS. 5612462 0 167531 THE CRANBROOK CENTER FOR COLLECTIONS AND RESEARCH REVEALS THE CRANBROOK STORY AND OFFERS INTELLECTUAL AND EXPERIENTIAL ENGAGEMENT WITH ITS LEGACY. BY SUSTAINING AND INTERPRETING THE COMMUNITY'S UNPARALLELED LANDSCAPE, ARCHITECTURE, COLLECTIONS, AND ARCHIVES, THE CENTER PROVIDES MEMORABLE EDUCATIONAL EXPERIENCES AND MEANINGFUL RESEARCH OPPORTUNITIES FOR REGIONAL, NATIONAL, AND INTERNATIONAL AUDIENCES. 5612462 0 167531 68199511 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 331 1 1 1323 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KRISTINE L FLESZAR CHIEF FINANCIAL OFFICER 2486453110 PO BOX 801 BLOOMFIELD HILLS MI 483030801 DOMINIC DIMARCO PRESIDENT 50.00 0.00 X 559238 0 51787 AIMECLAIRE ROCHE DIRECTOR OF SCHOOLS 50.00 0.00 X 411656 0 34554 RODERICK SPEARIN COO AND TREASURER 50.00 0.00 X 280309 0 27875 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 50.00 0.00 X 249411 0 37287 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 50.00 0.00 X 228259 0 27870 THOMAS J DECRAENE ASST DIRECTOR OF SCHOOLS 50.00 0.00 X 205433 0 44000 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSION 50.00 0.00 X 168769 0 70688 SUSAN EWING DIRECTOR OF ACADEMY OF ART 50.00 0.00 X 171404 0 59688 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 50.00 0.00 X 178845 0 44765 CHARLES T SHAW DIRECTOR OF STEWARDSHIP 50.00 0.00 X 160841 0 41556 ELIZABETH BEADLE HUMAN RESOURCES DIRECTOR 50.00 0.00 X 157769 0 25000 NORMA J EVANS DIRECTOR OF SUST & BUS SERVICES 50.00 0.00 X 152822 0 29283 PATRICIA CARI SECRETARY 50.00 0.00 X 123033 0 24250 MARK L REUSS CHAIR - TRUSTEE 1.00 0.00 X X 0 0 0 LINDA H GILLUM TRUSTEE - FIRST VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL E BERGER TRUSTEE - VICE CHAIR 1.00 0.00 X X 0 0 0 JEFFREY A HARRIS TRUSTEE - VICE CHAIR 1.00 0.00 X X 0 0 0 STEPHEN R POLK TRUSTEE - VICE CHAIR 1.00 0.00 X X 0 0 0 WARREN E ROSE TRUSTEE - VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL H ACHESON TRUSTEE 1.00 0.00 X 0 0 0 PAMELA APPLEBAUM TRUSTEE 1.00 0.00 X 0 0 0 F KEVIN BROWETT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD L DEVORE TRUSTEE 1.00 0.00 X 0 0 0 JAMISON WILLIAMS FALISKI TRUSTEE 1.00 0.00 X 0 0 0 VIRGINIA B FOX TRUSTEE 1.00 0.00 X 0 0 0 MAXINE FRANKEL TRUSTEE 1.00 0.00 X 0 0 0 BHARAT C GANDHI TRUSTEE 1.00 0.00 X 0 0 0 LEE B GHESQUIERE TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER GILBERT TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM KM GOLDSMITH TRUSTEE 1.00 0.00 X 0 0 0 REJJI P HAYES TRUSTEE 1.00 0.00 X 0 0 0 CHRIS ILITCH TRUSTEE 1.00 0.00 X 0 0 0 JAMES A KELLY TRUSTEE 1.00 0.00 X 0 0 0 BROCK R LANDRY TRUSTEE 1.00 0.00 X 0 0 0 TREVOR F LAUER TRUSTEE 1.00 0.00 X 0 0 0 LESLIE LI TRUSTEE 1.00 0.00 X 0 0 0 BRUCE D PETERSON TRUSTEE 1.00 0.00 X 0 0 0 ALLAN ROTHFEDER TRUSTEE 1.00 0.00 X 0 0 0 GEOFFREY C SCHICIANO TRUSTEE 1.00 0.00 X 0 0 0 SIDHDHARTH D SHETH TRUSTEE 1.00 0.00 X 0 0 0 LEE M SMITH TRUSTEE 1.00 0.00 X 0 0 0 SANDRA A SMITH TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S TAUBMAN TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH WAHL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT T WILSON TRUSTEE 1.00 0.00 X 0 0 0 3047789 0 518603 53 0 1 0 TEACHER'S INS AND ANNUITY PO BOX 8500 PHILADELPHIA PA 19178 PENSION SERVICES 5264974 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 4006029 GOLDMAN SACHS & CO PO BOX 9081 NEW YORK NY 10087 INVESTMENT SERVICES 2945673 MCCARTHY & SMITH INC 24317 INDOPLEX CIRCLE FARMINGTON HILLS MI 48333 CONSTRUCTION 1462554 MECHANICAL SYSTEMS SERVICES 1731 E 11 MILE ROAD MADISON HEIGHTS MI 48071 CONSTRUCTION 1169312 32 1385036 750114 10326791 2433243 12461941 CRANBROOK SCHOOLS K-12 900099 48967592 48967592 ART ACADEMY TUITION 900099 4549978 4549978 SUMMER PROGRAMS 900099 2131237 2131237 INSTITUTE OF SCIENCE 611600 774267 774267 CENTER FOR COLLECTIONS, HOUSE 611710 167531 167531 56590605 546219 75670 470549 626415 657232 -30817 -30817 -30817 58533460 19501 42268971 0 16264489 19501 16283990 16283990 401187 1385036 429162 -27975 -27975 23750 15123 8627 8627 467429 413123 54306 54306 AUXILIARY 900099 317501 317501 366819 366819 684320 86571216 56590605 75670 17443000 2361060 2361060 3541443 1451144 1159965 930334 33679095 24361330 7098153 2219612 1795702 1194345 492838 108519 6756435 5431601 1032462 292372 2647171 1885887 562448 198836 130130 130130 376174 376174 805326 805326 2281015 1510987 531951 238077 702553 309586 7991 384976 2224834 1667804 267241 289789 709204 138182 474890 96132 3258325 982511 2269442 6372 716591 635875 31567 49149 1128618 949425 76961 102232 2895328 3509 2891819 9406799 8973597 433202 1232973 70510 1162413 50 FOOD SERVICE SCHOOLS 3078208 3078208 ALLOCATIONS 2782409 12498291 -9718662 2780 MEMBERSHIP DUES 455792 428711 10273 16808 DONATIONS/AWARDS/MEMORI 347012 319472 12266 15274 -238220 -52524 -301492 115796 83073977 68199511 9807358 5067108 15810 14910 9855653 3747475 12143054 10660069 1850904 1567808 343695 320794 1503592 975782 323183687 160144255 165922951 163039432 116619105 114501272 129691933 128042042 258046 6265389 438204743 429134973 21393429 26326415 18322090 13483626 60372957 60372957 50780 121404 100139256 100304402 X 216060855 206795459 122004632 122035112 338065487 328830571 438204743 429134973 X 3497239 -6830334 -5901821 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 230922558 2823400 8618189 13963953 85444 228314750 226283510 2596331 16976125 14933408 230922558 221875189 3412904 22441579 21446162 226283510 209059894 6381321 20137038 13692117 10947 221875189 233596144 1278864 -7389858 18420873 4383 209059894 0.55340 0.33960 0.10700 0 0 7869942 7869942 80009214 46143410 33865804 205840448 90695733 115144715 21344128 18451972 2892156 8119955 4853140 3266815 163039432 NATURAL RESOURCES, ENERGY PROGRAMS 2856505 F LONG SHORT HEDGE FUND 24983423 F ABSOLUTE RETURN HEDGE FUND 32794781 F DOMESTIC PRIVATE EQUITY 34069693 F VENTURE CAPITAL 32861525 F REAL ESTATE 476115 F 128042042 CAPITAL LEASES PAYABLE 121404 121404 80558762 -6830334 44025 1514640 -5271669 85830431 740785 740785 86571216 89793678 44025 7416461 7460486 82333192 740785 740785 83073977 PART III, LINE 1A: IN ACCORDANCE WITH GENERALLY ACCEPTED PRACTICES OF SIMILAR INSTITUTIONS, ARCHIVAL ITEMS AND COLLECTIONS PURCHASED AND DONATED ARE NOT RECORDED IN THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: AS THE COMMUNITY'S OFFICIAL ARCHIVAL REPOSITORY, THE CENTER FOR COLLECTIONS AND RESEARCH COLLECTS, PRESERVES, AND MAKES AVAILABLE COMMUNITY AND DIVISIONAL RECORDS OF PERMANENT VALUE, THE PAPERS OF MEMBERS OF THE BOOTH, SCRIPPS, AND SAARINEN FAMILIES, THE RECORDS OF THE CHRIST CHURCH CRANBROOK AND OTHER ANCILLARY ORGANIZATIONS, AND THE PERSONAL PAPERS OF FACULTY, STAFF, ALUMNI AND OTHER INDIVIDUALS WHO HAVE BEEN ASSOCIATED WITH THE COMMUNITY SINCE 1984. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 657,232. DIRECT EXPENSES - FUNDRAISING 429,162. DIRECT EXPENSES - GAMING 15,123. COST OF SALES 413,123. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 657,232. DIRECT EXPENSES - FUNDRAISING 429,162. DIRECT EXPENSES - GAMING 15,123. COST OF SALES 413,123. MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP 5,901,821. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PRINTED ON ALL ADMISSION MATERIAL AND ALSO PRINTED ON ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 CRANBROOK RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 133839932 0 0 0 0 0 0 133839932 0 133839932 1 0 1 1 1 0 PART III ACCOUNTING METHOD: KALEIDOSCOPE 241624 147213 94411 3273 10257 3205 70232 BOOSTER CLUB 103991 36875 67116 7048 31640 1017 45662 18 1440608 1200948 239660 11656 55545 8066 181561 1786223 1385036 401187 21977 97442 12288 297455 429162 -27975 23750 11725 3064 334 1 0.80000 23750 11725 3064 334 15123 8627 MI 1 0 1 0 0.63000 0.37000 RITA STEDMAN PO BOX 801 BLOOMFIELD HILLS MI 483030801 0 RITA STEDMAN RECORDKEEPING X 0 1 FINANCIAL AID NEED BASED - SCHOOLS 474 1349091 N/A N/A MERIT BASED INSTITUTIONAL - CAA 50 579500 N/A N/A FINANCIAL AID NEED BASED - CAA 37 432469 N/A N/A PART I, LINE 2: TO RECEIVE GRANTS AND OTHER ASSISTANCE FROM CRANBROOK EDUCATIONAL COMMUNITY ALL CANDIDATES MUST DEMONSTRATE FINANCIAL NEED TO THE FINANCIAL AID COMMITTEE BASED ON AN ANALYSIS OF THE REQUIRED DOCUMENTATION. THE REQUIRED DOCUMENTATION IS (1) PARENTS' FINANCIAL STATEMENT (PFS) COMPLETED THROUGH WWW.NAIS.ORG, (2) INCOME VERIFICATION BY CURRENT W-2'S, END OF YEAR PAY STUBS, EMPLOYER LETTER VERIFYING INCOME, (3) SIGNED COPY OF IRS FORM 4506, (4) SIGNED COPY OF CURRENT YEAR FEDERAL TAX RETURN INCLUDING ALL SCHEDULES, (5) FINANCIAL AID APPLICATION SUBMITTED TO THE SCHOOL. AID PACKAGES ARE REVIEWED ANNUALLY ON THE BASIS OF THE FAMILY'S CURRENT FINANCIAL STATUS. AID AT CRANBROOK SCHOOLS IS DISTRIBUTED WITHOUT REGARD TO RACE, RELIGION OR ETHNIC BACKGROUND. ALL RECIPIENTS ARE EXPECTED TO DEMONSTRATE DILIGENCE IN THEIR ACADEMIC SUBJECTS, MAINTAIN ACCEPTABLE CITIZENSHIP STANDARDS, AND CONTRIBUTE POSITIVELY TO THE SCHOOL COMMUNITY. REQUIRED DOCUMENTATION FOR CRANBROOK ART ACADEMY IS A TIMELY FILED FAFSA THROUGH THE GOVERNMENT, AFTER COMPLETION A SAR IS RECEIVED ELECTRONICALLY AT THE SCHOOL. ALSO, A COPY OF A SIGNED FEDERAL TAX RETURN IS REQUIRED. ASSISTANCE IS BASED UPON THE APPLICANT'S TIMELY APPLICATION AND DEMONSTRATED FINANCIAL NEED. ALL ASSISTANCE IS DETERMINED THROUGH THE REGISTRAR'S OFFICE AT THE ART ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DOMINIC DIMARCO PRESIDENT 441238 0 70000 0 48000 0 44000 0 7787 0 611025 0 0 0 AIMECLAIRE ROCHE DIRECTOR OF SCHOOLS 396656 0 15000 0 0 0 16286 0 18268 0 446210 0 0 0 RODERICK SPEARIN COO AND TREASURER 265309 0 15000 0 0 0 25000 0 2875 0 308184 0 0 0 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 234411 0 15000 0 0 0 29500 0 7787 0 286698 0 0 0 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 203921 0 24338 0 0 0 4510 0 23360 0 256129 0 0 0 THOMAS J DECRAENE ASST DIRECTOR OF SCHOOLS 165112 0 40321 0 0 0 44000 0 0 0 249433 0 0 0 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSION 132720 0 36049 0 0 0 52000 0 18688 0 239457 0 0 0 SUSAN EWING DIRECTOR OF ACADEMY OF ART 161404 0 10000 0 0 0 33000 0 26688 0 231092 0 0 0 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 168845 0 10000 0 0 0 24000 0 20765 0 223610 0 0 0 CHARLES T SHAW DIRECTOR OF STEWARDSHIP 160841 0 0 0 0 0 15600 0 25956 0 202397 0 0 0 ELIZABETH BEADLE HUMAN RESOURCES DIRECTOR 157769 0 0 0 0 0 25000 0 0 0 182769 0 0 0 NORMA J EVANS DIRECTOR OF SUST & BUS SERVICES 152822 0 0 0 0 0 10595 0 18688 0 182105 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS HE IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS. THE DIRECTOR OF THE ART ACADEMY AND THE DIRECTOR OF SCHOOLS ARE PROVIDED A HOUSE ON CAMPUS AS RESIDENCY IS A REQUIREMENT OF THEIR POSITIONS. THE PRESIDENT'S HOUSING ALLOWANCE IS APPROPRIATELY INCLUDED IN HIS FORM W-2. A ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2010-10-01 26515000 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2014-09-25 36390000 SEE PART VI 0 0 0 A 26515000 101443 199000 24898557 1316000 2011 0 1 1 1 B 2250000 36390000 2009 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 B 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 A 1 B 1 PART 1, LINE A, COLUMN F THE $26,515,000. SERIES 2010 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO FINANCE CAPITAL PROJECTS (INCLUDING CONSTRUCTION AND EQUIPPING A GIRLS MIDDLE SCHOOL BUILDING, AND INSTALLING IMPROVEMENTS TO OTHER FACILITIES, INCLUDING THE ART MUSEUM, CRANBROOK QUAD, KEPPEL GYMNASIUM, MUSIC ROOM AND ICE ARENA), TO PAY A TERMINATION FEE RESULTING FROM A PARTIAL TERMINATION OF A QUALIFIED HEDGE EXECUTED IN 2007, AND TO PAY COSTS OF ISSUING THE BONDS. THE BONDS WERE SOLD IN A PRIVATE PLACEMENT AS QUALIFIED TAX-EXEMPT OBLIGATIONS (AS DESCRIBED IN SECTION 265 (B)(3)B OF THE INTERNAL REVENUE CODE). PART I, LINE B, COLUMN F THE $36,390,000. SERIES 2014 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO REFUND THE SERIES 2007 BONDS (DATE OF ISSUE NOVEMBER 1, 2007) IN FULL. THE BONDS WERE SOLD IN A PRIVATE PLACEMENT AS QUALIFIED TAX-EXEMPT OBLIGATIONS (AS DESCRIBED IN SECTION 265(B)(3)B OF THE INTERNAL REVENUE CODE). X 51 COST X 74 2307941 AVG MARKET VALUATION X AUCTION ITEMS 169 78521 COST X FUNDRAISING 48 46730 COST 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 SANDRA SMITH AND ROBERT WILSON, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER, RICHARD DEVORE (TRUSTEE) IS EMPLOYED BY PNC, IN WHICH CRANBROOK HAS A BUSINESS RELATIONSHIP WITH. FORM 990, PART VI, SECTION A, LINE 6 CRANBROOK EDUCATIONAL COMMUNITY INCLUDES THREE DIVISIONS OF THE ORGANIZATION: CRANBROOK SCHOOLS, CRANBROOK ART ACADEMY AND CRANBROOK INSTITUTE OF SCIENCE, WHICH EACH HAVE A BOARD OF GOVERNORS. THESE BOARD OF GOVERNORS ARE THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A UP TO SIX TRUSTEES OF CRANBROOK EDUCATIONAL COMMUNITY SHALL BE ELECTED BY THE CRANBROOK SCHOOLS MEMBERS, UP TO FOUR TRUSTEES SHALL BE ELECTED BY THE CRANBROOK ART MEMBERS AND UP TO FOUR TRUSTEES SHALL BE ELECTED BY THE CRANBROOK SCIENCE MEMBERS, NONE OF WHICH TRUSTEES NEED TO BE MEMBERS OF THE ORGANIZATION OR ITS THREE DIVISIONS. THE CHAIRMAN OF THE BOARD OF GOVERNORS OF CRANBROOK SCHOOLS, THE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE CRANBROOK ART ACADEMY, AND THE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE CRANBROOK INSTITUTE OF SCIENCE, AS ELECTED BY THE RESPECTIVE BOARDS OF GOVERNORS FROM TIME TO TIME PURSUANT TO THE ORGANIZATION'S BYLAWS, SHALL ALL BE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES WITH FULL VOTING AND OTHER RIGHTS, FOR SO LONG AS EACH OF THEM REMAINS CHAIRMAN, AND SHALL THEREAFTER BE REPLACED AS TRUSTEES BY THEIR SUCCESSORS IN SUCH CHAIRMANSHIP POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW OF THE 990 IS DONE BY THE CHIEF FINANCIAL OFFICER, THE CHIEF OPERATIONS OFFICER AND THE PRESIDENT AND THE INDEPENDENT AUDITORS. THE 990 IS REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES AND A MEMBER OF THE AUDIT COMMITTEE. PRIOR TO FILING, THE 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A FORMAL WRITTEN CONFLICT OF INTEREST POLICY IS SENT OUT ANNUALLY TO OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES FOR THEIR COMPLETION, AND MUST BE SIGNED AND RETURNED TO CRANBROOK EDUCATIONAL COMMUNITY. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES, IN CONJUNCTION WITH OTHER TRUSTEES, DETERMINES SALARIES USING INFORMATION PREPARED BY THE HUMAN RESOURCE DEPARTMENT FOR COMPARABLE SALARIES WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS ARE AVAILABLE UPON REQUEST: AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND CRANBROOK LEADERSHIP HANDBOOK. FORM 990, PART XI, LINE 9: MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP -5,901,821. ELLEN F PRICE CHARITABLE REMAINDER UNITRUST DTD 101207 CHARITABLE REMAINDER TRUST MI N/A T 421257 0.52760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0