2017-05-12T14:05:23-05:00 2016-06-30 ERNST & YOUNG US LLP 950 MAIN AVENUE SUITE 1800 CLEVELAND OH 44113 990 2015-07-01 340714336 Cleveland Museum of Art % EDWARD W BAUER CLEV 2164217340 11150 East Boulevard Cleveland OH 44106 EDWARD W BAUER TREASURER 2017-05-11 true TERRY M KENNEDY P00089502 2168615000 2017-05-11 2015 2021-01-29 14:40:06Z William Griswold 11150 East Boulevard Cleveland OH 44106 339483663 false X www.clevelandart.org X 1913 OH TO PROVIDE A COLLECTION OF ARTWORK REPRESENTING ACHIEVEMENT OF INDIVIDUALS AND CIVILIZATIONS, PAST AND PRESENT, FOR THE BENEFIT OF THE PUBLIC 33 32 562 500 -478574 -493828 49690745 35979294 3383316 7604381 22301972 12611846 2984430 3709950 78360463 59905471 0 0 0 0 22202713 23443043 0 0 3166164 38733214 38558442 60935927 62001485 17424536 -2096014 1154707265 1099082274 190715850 194054604 963991415 905027670 X THE MISSION OF THE CLEVELAND MUSEUM OF ART IS TO FULFILL ITS DUAL ROLES AS ONE OF THE WORLD'S MOST DISTINGUISHED COMPREHENSIVE ART MUSEUMS AND AS ONE OF NORTHEASTERN OHIO'S PRINCIPAL CIVIC AND CULTURAL INSTITUTIONS. THE MUSEUM, ESTABLISHED IN 1913 "FOR THE BENEFIT OF ALL THE PEOPLE FOREVER," 1 SEEKS TO BRING THE PLEASURE AND MEANING OF ART TO THE BROADEST POSSIBLE AUDIENCE IN ACCORDANCE WITH THE HIGHEST AESTHETIC, INTELLECTUAL AND PROFESSIONAL STANDARDS. TOWARD THIS END THE MUSEUM AUGMENTS, PRESERVES, EXHIBITS AND FOSTERS UNDERSTANDING OF THE OUTSTANDING COLLECTIONS OF WORLD ART IT HOLDS IN TRUST FOR THE PUBLIC AND PRESENTS COMPLEMENTARY EXHIBITIONS AND PROGRAMS. THE CLEVELAND MUSEUM OF ART EMBRACES ITS LEADERSHIP ROLE IN COLLECTING, SCHOLARSHIP, EDUCATION AND COMMUNITY SERVICE. (1. J.H. WADE II, ACT OF CONVEYANCE OF LAND TO BE USED FOR THE CMA.) false false 8705037 0 CURATORIAL, CONSERVATION AND REGISTRAR. Conserving: In the museum's conservation labs, you will find conservators with specializations ranging from paintings to sculpture, antiquities to contemporary art, and medieval manuscripts to tapestries to Asian folding screens. These individuals have academic backgrounds that include art history, studio art, and chemistry as well as advanced education and training in the conservation of art and historic collections. Their mission is to study, preserve, and conserve the works of art in Cleveland's collection and the works of art traveling here from other museums and collectors around the world. Using simple hand tools and microscopes as well as high-tech tools such as X-radiography and infrared reflectography, these conservators work with patience and precision to examine artwork and perform a wide range of conservation treatments. Walking through the conservation suite on any given day, you may find a conservator closely examining a unique 15th-century engraving, carefully mounting a 6th-century Egyptian Coptic textile for display, working on an Impressionist's masterpiece to bring it as close as possible to its original state and artist's intent, or preparing a fragile porcelain vase to travel within the building or across the world without harm from movement or environmental changes. Today, as part of the museum's renovation and expansion project, the conservation department works in a recently opened 18,000-square-foot suite of state-of-the-art laboratories. It is one of the finest spaces in the country for analysis, study, and conservation of museum collections. Collecting: Central to the mission of the museum is the continued development and preservation of its art collection. The museum's holdings of world art are internationally celebrated and a great source of pride for the Cleveland community and museum field, each year drawing hundreds of thousands of visitors from the region and beyond. The growth of the collections is guided by a philosophy that favors quality over quantity and privileges the singular object over broad coverage in any given field. It is not an encyclopedic collection, but rather a selective survey of the history of art presented with works of the highest aesthetic quality and historical significance. The museum's endowment holds one of the largest acquisition funds of any art museum in the country. Each year, this fund produces income upon which our curators, director, and Board of Trustees draw to acquire new works of art, thus ensuring that our collections remain a dynamic and constantly evolving resource for our visitors. The organization, security, preservation, research, and presentation of our collections are supported by the work of the museum's collections management, conservation, curatorial, education, library, design, and exhibitions staff. Our collections are on view in state-of-the-art facilities and with gallery space that allows for the display of more works from our collections than ever before. New exhibition spaces further augment our ability to connect audiences with works of art. In addition to complementing the collections, the special exhibitions presented at the museum extend into those historic periods, geographic areas, or media that are absent from or not well represented in our collections. 3478379 ART ACQUISITIONS The Cleveland Museum of Art presents magnificent art from around the world. Central to the mission of the museum is the continued development and preservation of its art collection. The museums holdings of world art are internationally celebrated and a great source of pride for the Cleveland community and museum field, each year drawing hundreds of thousands of visitors from the region and beyond. The growth of the collections is guided by a philosophy that favors quality over quantity and privileges the singular object over broad coverage in any given field. Recent acquisitions include surrealist Andr Massons 'Paysage au serpent' (Landscape with Snake), a new, monumental drawing by leading contemporary artist Kara Walker and a photograph by Shirin Neshat. 5549387 2511043 EDUCATION & COMMUNITY PROGRAMS Cleveland Museum of Arts Education and Academic Affairs team creates dynamic programming, thoughtful content, and meaningful collaborations that teach, inspire, and support visitors and the community to engage with the museums collection, feel a connection to it and, ultimately, enhance their lives through art. In the galleries the Museum offers a number of ways to connect with art and each other. The ArtLens app allows visitors to learn about the artwork on their own, or visitors can take a free tour led by trained docents. Visitors can also handle genuine works of art from the Education Art Collection in our Art Carts, and participate in activities like scavenger hunts on our family days called Second Sundays. In the studio our artists teach classes for people of all ages. We offer classes for our 'Littlest Learners' beginning at 18 months, for adults, and everyone in between. In the Classroom, the Museums Connie Towson Ford Teacher Resource Center serves educators working with various grade levels, disciplines and audiences. The Center offers a variety of workshops throughout the year for educators. In the Community visitors can explore the Museum programs at locations around northeast Ohio and onsite at the museum. We also invite visitors to help the Museum prepare for our Community Arts events, such as Parade the Circle and the Chalk Festival. The Art and Fiction book club is another example of museum based event organized by the Department of Education and Interpretation for art and literature enthusiasts throughout the community. Members of the public can download materials created by our educators, such as Family Guides and Art Projects for home or school use, Interpretative Resources that add perspective to objects in the museum's collection, and a host of Teacher Online Resources. LIBRARY The mission of the Museums library, Ingalls Library, is to support the museums current and future collections, research, exhibitions, publications, lectures, programs, and activities. The archives mission is to preserve records that document the origins, development, achievements, and activities of the museum, and to administer the museums records management program. All library materials, except those in the reference collection, are housed in closed stacks. When the museum opened in 1916 the library consisted of just 600 volumes, mostly acquired through donation. The collection grew slowly at first, with an emphasis on essential reference texts. As funding and institutional support increased, the library developed into the center of museum research. Since reaching 100,000 items in 1979, collection growth has increased exponentially. Further milestones followed quickly, as the volume count topped 200,000 in 1995, then 300,000 in 2000 and eventually 400,000 in 2005. Today, the library is an integral part of the Museums identity. 29416064 6968276 47148867 true true false true false false false true false true true true false false false true true false false false true false false false false false false false false true true false false false false false false false false false false true true false false false true true true false false true 241 0 true 562 true true true false false false false true true false false false false X 33 32 true false false false false false false true true false false false true true true true true true true false OH X EDWARD W BAUER 2167072248 11150 EAST BLVD CLEVELAND OH 44106 VIRGINIA N BARBATO BOARD MEMBER 1.0 0.0 X 0 0 0 FREDERICK E BIDWELL BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES P BOLTON END 92015 BOARD MEMBER 1.0 0.0 X 0 0 0 REV JAWANZA K COLVIN BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD H FEARON BOARD MEMBER 1.0 0.0 X 0 0 0 LAUREN RICH FINE BOARD MEMBER 1.0 0.0 X 0 0 0 HELEN FORBES FIELDS BOARD MEMBER 1.0 0.0 X 0 0 0 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MEMBER 1.0 0.0 X X 0 0 0 SARAH S CUTLER VICE CHAIR SECRETARY & BOARD MEMBER 1.0 0.0 X X 0 0 0 WILLIAM M GRISWOLD DIR & PRESIDENT 40.0 0.0 X X 605875 0 8508 DEAN BARRY BOARD MEMBER 1.0 0.0 X 0 0 0 TOBY DEVAN LEWIS BOARD MEMBER 1.0 0.0 X 0 0 0 MICHELLE JESCHELNIG BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD STOVSKY BOARD MEMBER 1.0 0.0 X 0 0 0 AUGUST A NAPOLI JR DEP DIR VP & CHIEF ADVANCE(END 6/2016) 40.0 0.0 X 291650 0 39016 SHARON C REAVES VP (END 9/2015) & HR DIRECTOR 40.0 0.0 X 106377 0 18283 STEPHEN J KNERLY JR ASST SECRETARY (END 9/2015) 1.0 0.0 X 0 0 0 EDWARD W BAUER TREASURER 40.0 0.0 X 151634 0 34102 DEBORAH A GRIBBON INT CHF CURATOR (END 12/2015) 40.0 0.0 X 302839 0 0 KATHLEEN A TAYLOR DIR ADVANCEMENT ADMINISTRATION 40.0 0.0 X 125160 0 15857 JEFFREY W STREAN DIR DESIGN & ARCHITECTURE 40.0 0.0 X 137572 0 38531 MARJORIE L WILLIAMS SNR DIR ENDOWMENT DEV 40.0 0.0 X 126563 0 21292 JANE ALEXANDER CHIEF INFORMATION OFFICER 40.0 0.0 X 130110 0 14472 CONSTANTIJN J PETRIDIS CURATOR AFRICAN ART 40.0 0.0 X 127894 0 14915 JANET G ASHE Former Officer 0.0 0.0 X 192314 0 0 2297988 0 204976 22 true true false STERN ADVERTISING 950 MAIN AVE SUITE 700 CLEVELAND OH 44113 ADVERTISING 781870 PANZICAGILBANE JOINT VENTURE 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION MGMT 677215 HAHN LOESER PARKS LLP 200 PUBLIC SQ SUITE 2800 CLEVELAND OH 44114 LEGAL 449274 MASTERPIECE INTERNATIONAL LTD 1699 WALL ST SUITE 725 MOUNT PROSPECT IL 60056 ART TRANSPORTATION 447235 LAPLACA COHEN 43 WEST 24TH ST 10TH FLOOR NEW YORK NY 10010 STRATEGIC DESIGN 286764 12 0 3896596 32082698 1351580 35979294 MEMBERSHIP DUES 712110 1993888 1993888 0 0 EDUCATION 712110 1462565 1462565 0 0 COMMUNITY PROG & PERF ART 712110 1048478 1048478 0 0 SPECIAL EXHIBITIONS 712110 2646737 2646737 0 0 LIBRARY 712110 62577 62577 0 0 390136 390136 0 0 7604381 8937522 -478574 9416096 0 23532 23532 0 0 0 221067783 61204511 223574028 55023942 -2506245 6180569 3674324 3674324 0 0 2023311 980222 1043089 1043089 PARKING GARAGE 812930 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LEGISLATIVE REPRESENTATION AND GENERAL COMMINUNICATIONS WITH ELECTED OFFICIALS ON THE MUSEUM'S BEHALF. X X X X false 759315000 1367000 -43320000 18984000 698378000 772894000 2118000 4419000 20116000 759315000 696112000 9475000 89118000 21811000 772894000 643255000 2503000 75856000 25502000 696112000 675099000 2256000 -15181000 18919000 643255000 0.14000 0.54000 0.32000 true false 0 386766672 80771181 305995491 24513510 21993989 2519521 6080633 0 6080633 314595645 ALT INVEST - ABSOLUTE RETURN 34763019 F ALT INVEST - PRIVATE EQUITY 33339504 F ALT INVEST - HEDGED EQUITY 14535464 F 82637987 0 0 X 30868672 -27695544 -2321477 -30017021 60885693 -980222 -980222 59905471 60660230 980222 980222 59680008 2321477 2321477 62001485 SCHEDULE D, PART III, LINE 1A FOOTNOTE REGARDING ART COLLECTION The Museums collections are made up of art objects and artifacts of historical significance that are held for educational, research, scientific, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Purchases for the collection are recorded as expenditures for the acquisition of art objects in the statements of activities in the year in which the objects are acquired. Proceeds from the deaccession of art objects are recorded as temporarily restricted net assets and are restricted to the acquisition of other art objects. In keeping with standard museum practice, the collections, which were acquired via purchases and contributions, are not recognized as assets on the statements of financial position. SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS & EXEMPT PURPOSE THE CLEVELAND MUSEUM OF ART PROVIDES A COLLECTION OF WORKS OF ART THAT REPRESENTS THE HIGHEST AESTHETIC ACHIEVEMENT OF INDIVIDUALS AND CIVILIZATIONS, PAST AND PRESENT, FOR THE BENEFIT OF THE PUBLIC. THE MUSEUM HAS THREE EQUAL OBLIGATIONS: CARE, PRESENTATION, AND DEVELOPMENT. THE MUSEUM DEVELOPS AND REFINES THE EXISTING COLLECTION AND MAINTAINS HIGH ETHICAL STANDARDS IN ITS PURSUIT. IN ORDER TO PRESERVE THE COLLECTION FOR FUTURE GENERATIONS, PROPER CONSERVATION PRACTICES AND APPROPRIATE SECURITY ARE MAINTAINED. USING ITS COLLECTION AND OTHER RESOURCES, THE MUSEUM HAS A COMMITMENT TO SERVE A VARIETY OF AUDIENCES, ALWAYS SEEKING A DYNAMIC INTERACTION BETWEEN THE VISITORS AND THE WORKS OF ART. MUSEUM STAFF ENDEAVOR TO CREATE A RANGE OF PROGRAMS THAT ENLIGHTEN AND DELIGHT BOTH A BROAD AUDIENCE AND VISITORS WITH MORE SPECIFIC INTERESTS. INFORMATION ON THE COLLECTION AND THE CONTINUING RESEARCH THEREON BY THE PROFESSIONAL STAFF IS DISSEMINATED THROUGH EDUCATIONAL ACTIVITIES AND PUBLICATIONS. THE MUSEUM PRESENTS PROGRAMS IN RELATED AREAS SUCH AS MUSIC AND FILM SINCE THEY CAN CONTRIBUTE TO A BROADER UNDERSTANDING OF THE ARTS. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS THE MUSEUM ENDOWMENT CONSISTS OF APPROXIMATELY 340 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE MUSEUM MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIC PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE A REAL RETURN, NET OF INFLATION AND INVESTMENT MANAGEMENT COSTS, OF AT LEAST 7% OVER THE LONG TERM. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. SCHEDULE D, PART X, LINE 2 FIN 48 FOOTNOTE FROM FINANCIAL STATEMENTS THE MUSEUM IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WERE NO AMOUNTS RECORDED FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015. SCHEDULE D, PART XI, LINE 2D OTHER REVENUE AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN INVESTMENT MANAGEMENT FEES: $(2,321,477) SCHEDULE D, PART XI, LINE 4B OTHER REVENUE AMOUNTS INCLUDED ON RETURN BUT NOT ON BOOKS RECLASS - COGS: $(980,222) SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN RECLASS - COGS: $980,222 SCHEDULE D, PART XII, LINE 4B OTHER EXPENSE AMOUNTS INCLUDED ON THE RETURN BUT NOT ON BOOKS INVESTMENT MANAGEMENT FEES $2,321,477 Central America and the Caribbean Investments, program-relate 12208385 12208385 12208385 true false false false true false X X X X false false false false false false false false false AUGUST A NAPOLI JR DEP DIR VP & CHIEF ADVANCE(END 6/2016) 291650 0 0 0 0 0 13793 0 25223 0 330666 0 0 0 JEFFREY W STREAN DIR DESIGN & ARCHITECTURE 137572 0 0 0 0 0 0 0 38531 0 176103 0 0 0 EDWARD W BAUER TREASURER 151634 0 0 0 0 0 14315 0 19787 0 185736 0 0 0 DEBORAH A GRIBBON INT CHF CURATOR (END 12/2015) 284839 0 0 0 18000 0 0 0 0 0 302839 0 0 0 WILLIAM M GRISWOLD DIR & PRESIDENT 605875 0 0 0 0 0 0 0 8508 0 614383 0 0 0 JANET G ASHE Former Officer 0 0 0 0 192314 0 0 0 0 0 192314 0 192314 0 A CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY 341029691 18610PAE8 2005-10-20 90000000 SEE PART VI false false false B CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY 341029691 18610PAR9 2010-07-01 75917326 SEE PART VI false false false A 0 0 91582917 0 0 0 861928 160600 0 90560389 0 0 2009 false false true true B 0 0 75917326 0 0 0 917326 0 0 75000000 0 0 2013 false false true true A false true false false 0 false false false false B false true true true false 0 false false false false A false false false true true false 0 false 0 false false B false false false true false false 0 false 0 false false A false B false DESCRIPTION OF PURPOSE FOR TAX-EXEMPT BONDS SCHEDULE K, PART I, COLUMN F, LINE A THE PROCEEDS FROM THE CULTURAL FACILITY REVENUE BONDS ISSUED BY THE CLEVELAND-CUYAHOGA PORT AUTHORITY WERE BEING USED TO FINANCE THE MUSEUM's CONSTRUCTION, RENOVATION AND EXPANSION PROJECT. THE BONDS WERE ISSUED IN FOUR SERIES (I) THE SERIES A BONDS IN THE PRINCIPAL AMOUNT OF $30,000,000, (II) THE SERIES B BONDS IN THE PRINCIPAL AMOUNT OF $20,000,000, (III) THE SERIES C BONDS IN THE PRINCIPAL AMOUNT OF $20,000,000, AND (IV) THE SERIES D BONDS IN THE PRINCIPAL AMOUNT OF $20,000,000. ISSUER NAME: CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY ISSUER EIN: 34-1029691 CUSIP#1: 18610PAB4 DATE ISSUED: 10/20/2005 ISSUE PRICE: $30,000,000 DESCRIPTION: MUSEUM'S CONSTRUCTION, RENOVATION AND EXPANSION PROJECT DEFEASED: N ON BEHALF OF ISSUER: N CUSIP#2: 18610PAC2 DATE ISSUED: 10/20/2005 ISSUE PRICE: $20,000,000 DESCRIPTION: MUSEUM'S CONSTRUCTION, RENOVATION AND EXPANSION PROJECT DEFEASED: N ON BEHALF OF ISSUER: N CUSIP#3: 18610PAD0 DATE ISSUED: 10/20/2005 ISSUE PRICE: $20,000,000 DESCRIPTION: MUSEUM'S CONSTRUCTION, RENOVATION AND EXPANSION PROJECT DEFEASED: N ON BEHALF OF ISSUER: N CUSIP#4: 18610PAE8 DATE ISSUED: 10/20/2005 ISSUE PRICE: $20,000,000 DESCRIPTION: MUSEUM'S CONSTRUCTION, RENOVATION AND EXPANSION PROJECT DEFEASED: N ON BEHALF OF ISSUER: N DESCRIPTION OF PURPOSE FOR TAX-EXEMPT BONDS SCHEDULE K, PART I, COLUMN F, LINE B THE PROCEEDS FROM THE CULTURAL FACILITY REVENUE BONDS ISSUED BY THE CLEVELAND-CUYAHOGA PORT AUTHORITY IN 2010 ARE BEING USED TO FINANCE THE MUSEUM'S ONGOING CONSTRUCTION PROJECT. THE 2010 BONDS WERE ISSUED AT A PREMIUM WITH VARYING MATURITY DATES RANGING FROM OCTOBER 2018 TO 2022 AND WITH COUPON RATES RANGING FROM 3.00% TO 5.00%. THE PROCEEDS THE MUSEUM REALIZED ON THE BONDS TOTALED $75,917,326. CUSIP#4: 18610PAR9 DATE ISSUED: 07/01/2010 ISSUE PRICE: $75,917,326 DESCRIPTION: MUSEUM'S CONSTRUCTION, RENOVATION AND EXPANSION PROJECT DEFEASED: N ON BEHALF OF ISSUER: N POOLED FINANCING: N POOLED FINANCING: N TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3, COLUMN B THE BONDS WERE SOLD TO THE ORIGINAL PURCHASER UNDER THE TERMS OF THE BOND PURCHASE AGREEMENT AT AN AGGREGATE PURCHASE PRICE EQUAL TO $75,477,248 DETERMINED AS FOLLOWS: THE PRINCIPAL AMOUNT OF THE BONDS ($70,430,000), PLUS NET ORIGINAL ISSUE PREMIUM ($5,487,326) AND LESS UNDERWRITER'S DISCOUNT ($440,078). DATE THE REBATE COMPUTATION WAS PERFORMED SCHEDULE K, PART IV, LINE 2C, COLUMN A 12/16/2010 SCHEDULE K, PART IV, LINE 2C, COLUMN B 06/30/2015 PROCEDURES TO MONITOR REQUIREMENTS OF SECTION 148 SCHEDULE K, PART IV, LINE 7 WE DO NOT HAVE WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148 BUT ARE IN THE PROCESS OF IMPLEMENTING THEM. HOWEVER, WE BELIEVE THAT WE ARE IN FULL COMPLIANCE WITH ALL APPLICABLE REQUIREMENTS RELATED TO OUR TAX-EXEMPT BONDS. PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V WE DO NOT HAVE WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION AT THIS TIME BUT ARE IN THE PROCESS OF IMPLEMENTING THEM. ALSO, WE DO NOT BELIEVE WE ARE IN VIOLATION OF ANY FEDERAL TAX REQUIREMENTS. X 530 0 SEE SCH M, PART II X 98 1351580 FMV - DATE OF GIFT 7 false true false SCHEDULE M, PART I, LINE 33 CONTRIBUTIONS OF ARTWORK VARIOUS ART OBJECTS NOT RECORDED ON BOOKS. DESCRIPTION OF OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D THE CLEVELAND MUSEUM OF ART PROVIDES A COLLECTION OF WORKS OF ART THAT REPRESENTS THE HIGHEST AESTHETIC ACHIEVEMENT OF INDIVIDUALS AND CIVILIZATIONS, PAST AND PRESENT, FOR THE BENEFIT OF THE PUBLIC. THE MUSEUM HAS THREE EQUAL OBLIGATIONS: CARE, PRESENTATION, AND DEVELOPMENT. THE MUSEUM DEVELOPS AND REFINES THE EXISTING COLLECTION AND MAINTAINS HIGH ETHICAL STANDARDS IN ITS PURSUIT. IN ORDER TO PRESERVE THE COLLECTION FOR FUTURE GENERATIONS, PROPER CONSERVATION PRACTICES AND APPROPRIATE SECURITY ARE MAINTAINED. USING ITS COLLECTION AND OTHER RESOURCES, THE MUSEUM HAS A COMMITMENT TO SERVE A VARIETY OF AUDIENCES, ALWAYS SEEKING A DYNAMIC INTERACTION BETWEEN THE VISITORS AND THE WORKS OF ART. MUSEUM STAFF ENDEAVOR TO CREATE A RANGE OF PROGRAMS THAT ENLIGHTEN AND DELIGHT BOTH A BROAD AUDIENCE AND VISITORS WITH MORE SPECIFIC INTERESTS. INFORMATION ON THE COLLECTION AND THE CONTINUING RESEARCH THEREON BY THE PROFESSIONAL STAFF IS DISSEMINATED THROUGH EDUCATIONAL ACTIVITIES AND PUBLICATIONS. THE MUSEUM PRESENTS PROGRAMS IN RELATED AREAS SUCH AS MUSIC AND FILM SINCE THEY CAN CONTRIBUTE TO A BROADER UNDERSTANDING OF THE ARTS. FORM 990, PART VI, LINE 2 DESCRIPTION OF RELATIONSHIPS STEVEN R. KESTNER, STEPHEN E. MYERS, LAUREN RICH FINE, ROBERT W. GILLESPIE, JAMES A. RATNER, RICHARD H. FEARON AND ALFRED M. RANKIN JR. SIT ON THE BOARD OF JOHN HUNTINGTON TRUST. FORM 990, PART VI, LINE 11B DESCRIBE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 IN CONJUNCTION WITH EXTERNAL TAX ADVISORS, THE MUSEUM'S TREASURER AND FINANCE OFFICE PARTICIPATE IN DETAILED REVIEWS OF FORM 990 IN ITS ENTIRETY. A COMPLETE DRAFT COPY OF FORM 990, INCLUDING REQUIRED SCHEDULES IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE MUSEUM BOARD OF TRUSTEES FOR REVIEW PRIOR TO ELECTRONICALLY FILING THE RETURN WITH THE IRS. FORM 990, PART VI, LINE 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST IN ORDER TO ASSIST THE MUSEUM IN IDENTIFYING DUALITIES OF INTEREST AND THEN FOLLOWING APPROPRIATE PROCEDURES, TRUSTEES SHOULD MAKE ANNUAL DISCLOSURES TO THE MUSEUM. VIA THE DIRECTOR'S OFFICE, TRUSTEES ARE ASKED TO SIGN DISCLOSURE STATEMENTS AND CONFIRM RECEIPT AND SUBSTANTIAL COMPLIANCE OF THE ETHICAL GUIDELINES OF THE MUSEUM. THE ETHICAL GUIDELINES ASSIST TRUSTEES IN IDENTIFYING, FROM TIME TO TIME, POTENTIAL DUALITIES OF INTEREST THAT NEED TO BE DISCLOSED TO THE MUSEUM. FORM 990, PART VI, LINE 15A THE COMPENSATION COMMITTEE OF THE MUSEUM BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE CEO AND MUSEUM DIRECTOR POSITION. THE VOTING MEMBERS OF THE COMMITTEE ARE INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. THE COMMITTEE UTILIZES A COMPENSATION STUDY TO ASSIST IN DETERMINING REASONABLE COMPENSATION. FORM 990, PART VI, LINE 15B COMPENSATION PROCESS OF OFFICERS AND KEY EMPLOYEES COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW AS PREPARED BY THE IMMEDIATE SUPERVISOR. EACH ASSESSMENT IS REVIEWED BY HUMAN RESOURCES AND DIVISION CHIEF. THE SALARY RANGES FOR THE INDIVIDUALS ARE CONFIGURED IN RELATION TO COMPARABLE INDUSTRY AND REGIONAL SUPPORT DATA. FORM 990, PART VI, LINE 19 AVAIL OF GOV DOCS, COI POLICY, & FINANCIAL STMTS TO GEN PUBLIC ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE. THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGES IN NET ASSETS CHANGE IN FV OF CHARITABLE PERPETUAL TRUSTS $(25,463,558) CHANGE IN FUNDED STATUS PENSION AND POSTRET. MED. $( 2,396,524) CHANGE IN FV OF DERIVATIVE INSTRUMENTS $( 1,312,105) ------------- PART XI, LINE 9 $(29,172,187) JOHN HUNTINGTON ART & POLYTECHNIC TRUST 1900 EAST 9TH STREET STE 3200 CLEVELAND OH 44114 346526984 SUPP ORG OH 501(C)(3) 11 TYPE II NA false CLEVEHUNT LLC 11150 EAST BLVD CLEVELAND OH 44106 300692741 INVESTMENT OH NA EXCLUDED 17375661 398464283 false -478574 true 0.76778 11141 EAST BOULEVARD LLC 10900 EUCLID AVE CLEVELAND OH 44106 813065762 PROPERTY IMPRVMNT OH NA EXCLUDED false false 0.50000 false false false false false false false false false false false false false false false false true false false CLEVEHUNT LLC Q 205568 ACTUAL EXPENSE