2015-05-13T15:48:56-05:00 2014-06-30 ERNST & YOUNG US LLP 155 NORTH WACKER DR CHICAGO IL 60606 990 2013-07-01 340714336 Cleveland Museum of Art % EDWARD W BAUER CLEV 2164217340 11150 East Boulevard Suite Cleveland OH 44106 Edward Bauer Treasurer 2015-05-13 BERNADETTE ZITA P00089845 2013 2016-02-25 16:41:14Z Frederick E Bidwell 11150 East Boulevard Cleveland OH 44106 391492605 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 32 31 512 580 -259781 -315606 40144344 38649271 3992799 4234840 35995316 24014452 13330099 10341547 93462558 77240110 0 0 0 0 19886070 20636565 30000 5000 2919062 35864610 52310033 55780680 72951598 37681878 4288512 1088192965 1154212419 191841271 187730551 896351694 966481868 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 17761943 7952307 ACQUISITIONS OF ART (Proceeds from the deaccession of art objects are restricted to the acquisition of other art objects. FY2014 deaccession proceeds were $7,952,307.) 4546033 1701050 Education, library and community programs 3785471 1017750 Special exhibitions 31877964 2817236 57971411 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 true false false false false true true false false false true true true false false true 285 0 true 512 true true true false false false false true true false false false false X 32 31 true false false false false false false true true false false false true true true true true true true false OH X X EDWARD W BAUER 2167072248 11150 EAST BOULEVARD CLEVELAND OH 44106 VIRGINIA N BARBATO BOARD MEMBER 1.0 0.0 X 0 0 0 FREDERICK E BIDWELL INTERIM DIR & BOARD MEMBER 40.0 0.0 X X 5 0 0 CHARLES P BOLTON BOARD MEMBER 1.0 0.0 X 0 0 0 REV JAWANZA K COLVIN BOARD MEMBER 1.0 0.0 X 0 0 0 TERRANCE CZEGGAR BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD H FEARON BOARD MEMBER 1.0 0.0 X LAUREN RICH FINE BOARD MEMBER 1.0 0.0 X HELEN FORBES FIELDS BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT W GILLESPIE BOARD MEMBER 1.0 0.0 X AGNES GUND BOARD MEMBER 1.0 0.0 X 0 0 0 CYNTHIA AMES HUFFMAN BOARD MEMBER 1.0 0.0 X 0 0 0 SUSAN KAESGEN BOARD MEMBER 1.0 0.0 X 0 0 0 NANCY F KEITHLEY BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM P MADAR BOARD MEMBER 1.0 0.0 X 0 0 0 MILTON MALTZ BOARD MEMBER 1.0 0.0 X SCOTT C MUELLER BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN E MYERS BOARD MEMBER 1.0 0.0 X JULIA POLLOCK BOARD MEMBER 1.0 0.0 X 0 0 0 PETER RASKIND BOARD MEMBER 1.0 0.0 X EUGENE TW SANDERS end 92013 BOARD MEMBER 1.0 0.0 X 0 0 0 MARK SCHWARTZ BOARD MEMBER 1.0 0.0 X RICHARD P STOVSKY BOARD MEMBER 1.0 0.0 X 0 0 0 DANIEL P WALSH JR BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM L HARTMANN BOARD MEMBER (BEGIN 9/2013) 1.0 0.0 X 0 0 0 LEIGH HAYES CARTER BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE TEMPLETON O'NEILL BOARD MEMBER (BEGIN 9/2013) 1.0 0.0 X 0 0 0 PAUL E WESTLAKE BOARD MEMBER (BEGIN 9/2013) 1.0 0.0 X 0 0 0 DOMINIC OZANNE BOARD MEMBER (BEGIN 9/2013) 1.0 0.0 X 0 0 0 R STEVEN KESTNER CHAIRMAN & BOARD MEMBER 5.0 0.0 X X 0 0 0 DAVID G FRANKLIN end 102013 DIRECTOR, PRES & CEO 40.0 0.0 X X 437161 0 19974 ALFRED M RANKIN JR ADVISORY CHAIR & BOARD MEMBER 1.0 0.0 X X 0 0 0 ELLEN STIRN MAVEC BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES A RATNER VICE CHAIR & BOARD 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 AUGUST A NAPOLI JR DEP DIR VP & CHIEF ADVANCEMENT 40.0 0.0 X 274027 0 36093 SHARON C REAVES VP & HUMAN RESOURCES DIR 40.0 0.0 X 106218 0 25253 STEPHEN J KNERLY JR ASST SECRETARY 1.0 0.0 X 0 0 0 EDWARD W BAUER TREASURER 40.0 0.0 X 145735 0 31408 CHARLES G MANN CHIEF CURATOR 40.0 0.0 X 141447 0 14821 CONSTANTIJN J PETRIDIS CURATOR AFRICAN ART 40.0 0.0 X 123123 0 14062 KATHLEEN A TAYLOR DIR ADVANCEMENT ADMINISTRATION 40.0 0.0 X 116116 0 14309 JEFFREY W STREAN DIR DESIGN & ARCHITECTURE 40.0 0.0 X 128213 0 36134 MARJORIE L WILLIAMS SNR DIR ENDOWMENT DEV 40.0 0.0 X 126867 0 16989 LAWRENCE W BLOOMENKRANZ INTERIM SNR DIR MARKETING 40.0 0.0 X 176077 0 0 1774989 0 209043 19 false true false PANZICAGILBANE JOINT VENTURE 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION MGMT 8192696 STERN ADVERTISING 900 MAIN AVE CLEVELAND OH 44113 ADVERTISING 904697 RAFAEL VINOLY ARCHITECTS PC 50 VANDAM ST NEW YORK NY 10013 ARCHITECT 568901 HAHN LOESER PARKS LLP 200 PUBLIC SQ SUITE 2800 CLEVELAND OH 44114 LEGAL 545255 MASTERPIECE INTERNATIONAL LTD 1699 WALL ST SUITE 725 MOUNT PROSPECT IL 60056 ART TRANSPORTATION 461951 14 0 2446749 36202522 1761527 38649271 Membership dues 712110 1516039 1516039 0 0 Education 712110 568321 568321 0 0 Community prog & perf art 712110 1110100 1110100 0 0 SPECIAL EXHIBITIONS 712110 1017750 1017750 0 0 Library 712110 22630 22630 0 0 4234840 8003535 8003535 0 17379 17379 0 0 0 235929449 93575689 225529906 87964315 10399543 5611374 16010917 16010917 0 0 1388667 758274 630393 630393 Proceeds, art deaccession 900099 7952307 7952307 0 0 Parking garage 812930 725449 0 0 725449 Food services commission 900099 604997 0 0 604997 411022 670803 -259781 9693775 77240110 13488343 -259781 25362277 0 0 0 0 0 0 0 0 1071322 553008 303422 214892 0 0 0 0 15028416 11421364 2467347 1139705 1327058 988132 229302 109624 2061823 1553678 341428 166717 1147946 854472 197216 96258 0 0 0 0 723559 64519 659040 0 175990 0 175990 0 106939 106939 0 0 5000 5000 2442220 0 2442220 0 3575479 2661402 614264 299813 1393231 1037049 239356 116826 1809489 1346890 310869 151730 466077 346923 80072 39082 25979 25979 0 0 1978406 1622293 316545 39568 1017368 757276 174783 85309 0 0 0 0 0 0 0 0 5210072 4272259 833612 104201 0 0 0 0 10768243 8829959 1722919 215365 480113 357371 82483 40259 Art acquisition & transp 19156804 19156804 0 0 PUBLICATIONS & LIBRARY 843715 843715 0 0 BOND CUSTODIAN & STANDBY 593551 0 593551 0 Maintenance & equipment 413275 330620 82655 0 1129523 840759 194051 94713 72951598 57971411 12061125 2919062 0 9151365 4713174 2587000 4487798 12798187 10639318 111622 222173 500281 494281 0 0 0 0 971239 1181015 5483365 3530523 409221360 81128318 335740496 328093042 618443501 691347588 102405909 109503507 0 0 0 0 0 0 1088192965 1154212419 26938055 23355121 0 0 400808 378452 164502408 163996978 0 0 0 0 0 0 0 0 0 0 191841271 187730551 X 107830774 110852195 423916699 452071854 364604221 403557819 896351694 966481868 1088192965 1154212419 X 4288512 37440805 28400857 X false true X true false X 46107615 31518506 27343580 40144344 38649271 183763316 0 0 46107615 31518506 27343580 40144344 38649271 183763316 60738130 123025186 5395400 7708498 6950750 9323002 8020914 37398564 0 288967 285000 335705 13027149 9282753 23219574 244381454 23383135 0.50341 0.51600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 0 false 0 false 0 true 106939 false 0 false 0 false 0 106939 false false LOBBYING ACTIVITIES PAYMENTS TO OUTSIDE FIRMS FOR LEGISLATIVE REPRESENTATION & GENERAL COMMUNICATIONS WITH ELECTED OFFICALS ON MUSEUM'S BEHALF. X X X X false 696112000 9475000 89118000 21811000 772894000 643255000 2503000 75856000 25502000 696112000 675099000 2256000 -15181000 18919000 643255000 582729000 838000 111644000 20112000 675099000 559713000 3553000 49609000 30146000 582729000 0.14000 0.52000 0.34000 true false 372658318 61414290 311244028 21659291 19714028 1945263 14903751 0 14903751 328093042 ALT INVEST - ABSOLUTE RETURN 61012710 F ALT INVEST - PRIVATE EQUITY 48490797 F 109503507 0 0 X 113256750 37440805 -2442220 34998585 78258165 -1018055 -1018055 77240110 71267652 758274 758274 70509378 2442220 2442220 72951598 SCHEDULE D, PART III, LINE 1A FOOTNOTE REGARDING ART COLLECTION THE MUSEUM'S 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 USES 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, 2014 AND 2013. SCHEDULE D, PART XI, LINE 2D OTHER REVENUE AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN INVESTMENT FEES $(2,442,220) ------------ SCHEDULE D, PART XI, LINE 2D: $(2,442,220) SCHEDULE D, PART XI, LINE 4B OTHER REVENUE AMOUNTS INCLUDED ON RETURN BUT NOT ON BOOKS RECLASS - COGS: $(758,274) LOSS FROM PARTNERSHIP (259,781) ---------- SCHEDULE D, PART XI, LINE 4B: $(1,018,055) SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN RECLASS - COGS: $758,274 ----------- SCHEDULE D, PART XII, LINE 2D: $758,274 SCHEDULE D, PART XII, LINE 4B OTHER EXPENSE AMOUNTS INCLUDED ON THE RETURN BUT NOT ON THE BOOK INVESTMENT MANAGEMENT FEES $2,442,220 ----------- SCHEDULE D, PART XII, LINE 4B: $2,442,220 Central America and the Caribbean INVESTMENTS 37321182 37321182 37321182 true false false false true false X X X X false true false false false false false false false AUGUST A NAPOLI JR DEP DIR VP & CHIEF ADVANCEMENT 274027 0 0 0 0 0 13271 0 22822 0 310120 0 0 0 CHARLES G MANN CHIEF CURATOR 141447 0 0 0 0 0 2923 0 11898 0 156268 0 0 0 JEFFREY W STREAN DIR DESIGN & ARCHITECTURE 128213 0 0 0 0 0 13539 0 22595 0 164347 0 0 0 LAWRENCE W BLOOMENKRANZ INTERIM SNR DIR MARKETING 176077 0 0 0 0 0 0 0 0 0 176077 0 0 0 DAVID G FRANKLIN end 102013 DIRECTOR, PRES & CEO 437161 0 0 0 0 0 0 0 19974 0 457135 0 0 0 EDWARD W BAUER TREASURER 139713 0 0 0 6022 0 15056 0 16352 0 177143 0 0 0 schedule J, Part 1, Question 4b SUPPLEMENTAL NONQUALIFED DEFERRED COMPENSATION THE CLEVELAND MUSEUM maintained A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION, 457(F) PLAN TO BENEFIT CEO, DAVID G. FRANKIN until 10/2013. 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 75477248 0 0 0 917326 0 0 74559922 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 true false false 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 ARE 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 ($5,487,326.20) AND LESS UNDERWRITER'S DISCOUNT ($440,078). DATE THE REBATE COMPUTATION WAS PERFORMED SCHEDULE K, PART IV, LINE 2C, COLUMN A 12/16/2010. 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. KATHARINE LEE REID SPLIT-DOLLAR INS. X 650384 494281 false false true 494281 X 825 0 SEE SCH M, PART II X 102 1636527 FMV-GIFT DATE X 1 125000 APPRAISAL VALUE false true false SCHEDULE M, PART I, LINE 33 CONTRIBUTIONS OF ARTWORK VARIOUS ART OBJECTS NOT RECORDED ON BOOK. Form 990, Part III, Line 4d DESCRIPTION OF OTHER PROGRAM SERVICES 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 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 OFFICERS & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THE COMPENSATION COMMITTEE OF THE MUSEUM BOARD OF TRUSTEES ANNUALLY DETERMINES THE COMPENSATION OF THE CEO AND MUSEUM DIRECTOR POSITION. FORM 990, PART VI, LINE 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN 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, DIVISION CHIEF, THE CEO AND MUSEUM DIRECTOR. 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 CMA's website. CMA'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 $30,104,691 CHANGE IN FUNDED STATUS PENSION AND POSTRETIREMENT MEDICAL (2,197,844) CHANGE IN FV OF DERIVATIVE INSTRUMENTS 356,190 Loss from Partnership 259,781 Other Non-operating Change (121,961) ------------- PART XI, LINE 9 $28,400,857 CleveHunt LLC 11150 EAST BOULEVARD CLEVELAND OH 44106 300692741 investment OH na EXCLUDED 27448420 444738548 false -259781 true 0.76094 false false false false false false false false false false false false false false false false true false false CLEVEHUNT LLC q 150000 ACTUAL EXPENSE