2014-05-09T09:31:11-05:00 2013-06-30 ERNST & YOUNG US LLP 155 NORTH WACKER DR CHICAGO IL 60606 990 2012-07-01 340714336 Cleveland Museum of Art % EDWARD W BAUER CLEV 2164217340 11150 East Boulevard Suite Cleveland OH 44106 Edward Bauer 2014-05-08 3128792000 2012 2015-11-30 17:44:51Z DAVID G FRANKLIN 11150 East Boulevard Cleveland OH 44106 455379965 false X www.clevelandart.org X 1913 OH TO PROVIDE A COLLECTION OF ARTWORK REPRESENTING THE HIGHEST AESTHETIC ACHIEVEMENT OF INDIVIDUALS AND CIVILIZATIONS, PAST AND PRESENT, FOR THE BENEFIT OF THE PUBLIC 30 29 472 600 -112839 -112959 27343580 40144344 4147733 3992799 57359265 35995316 249938 13330099 89100516 93462558 0 0 0 0 19555738 19886070 40200 30000 2560633 32472203 35864610 52068141 55780680 37032375 37681878 1018524073 1088192965 210709401 191841271 807814672 896351694 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 9742825 Acquisitions of art 4215926 1387720 Education, library and community programs 2201538 1436777 Special exhibitions 27547472 13611020 43707761 true true false true false false false true false true true true false false false true true false false false true false false true 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 256 0 true 472 true true true false false false false true true false false false false X 30 29 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 R STEVEN KESTNER 5.0 0.0 X X 0 0 0 DAVID G FRANKLIN 40.0 0.0 X X 431167 53066 ALFRED M RANKIN JR 1.0 0.0 X X SARAH S CUTLER VICE PRES 1.0 0.0 X X ELLEN STIRN MAVEC 1.0 0.0 X X JAMES A RATNER 1.0 0.0 X X VIRGINIA N BARBATO 1.0 0.0 X FREDERICK E BIDWELL 1.0 0.0 X CHARLES P BOLTON 1.0 0.0 X REV JAWANZA K COLVIN 1.0 0.0 X TERRANCE CZEGGAR 1.0 0.0 X RICHARD FEARON 1.0 0.0 X LAUREN RICH FINE 1.0 0.0 X HELEN FORBES FIELDS 1.0 0.0 X ROBERT W GILLESPIE 1.0 0.0 X AGNES GUND 1.0 0.0 X CYNTHIA AMES HUFFMAN 1.0 0.0 X CHARLES S HYLE 1.0 0.0 X SUSAN KAESGEN 1.0 0.0 X NANCY F KEITHLEY 1.0 0.0 X WILLIAM P MADAR 1.0 0.0 X MILTON MALTZ 1.0 0.0 X SCOTT C MUELLER 1.0 0.0 X STEPHEN E MYERS 1.0 0.0 X ANNE HOLLIS PERKINS 1.0 0.0 X JULIA POLLOCK 1.0 0.0 X PETER RASKIND 1.0 0.0 X DR EUGENE TW SANDERS 1.0 0.0 X MARK SCHWARTZ 1.0 0.0 X RICHARD P STOVSKY 1.0 0.0 X DR JERRY SUE THORNTON 1.0 0.0 X DANIEL P WALSH JR 1.0 0.0 X STEPHEN J KNERLY JR 1.0 0.0 X JANET ASHE END 2012 40.0 0.0 X 680967 30720 EDWARD BAUER 40.0 0.0 X 126880 29670 AUGUST A NAPOLI 40.0 0.0 X 263122 33447 CHARLES G MANN 40.0 0.0 X 205462 26078 CONSTANTIJN J PETRIDIS 40.0 0.0 X 121615 13234 KATHLEEN A TAYLOR 40.0 0.0 X 116484 12936 JEFFREY W STREAN 40.0 0.0 X 122894 33549 MARY E SUZOR 40.0 0.0 X 109850 18669 MARJORIE L WILLIAMS 40.0 0.0 X 124760 19058 2303201 0 270427 14 false true false PANZICAGILBANE JOINT VENTURE 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION MGMT. 23948128 LOCAL PROJECTS 315 W 39 ST 908 NEW YORK NY 10018 MEDIA DESIGN 927622 RAFAEL VINOLY ARCHITECTS PC 50 VANDAM ST NEW YORK NY 10013 ARCHITECT 898256 OCP CONTRACTORS INC 1750 COMMERCE RD HOLLAND OH 43528 CONSTRUCTION SVCS 457958 THE RISE GROUP 120 SOUTH LASALLE ST SUITE 1750 CHICAGO IL 60603 PROJECT CONSULTING 360000 13 1994806 38149538 1772678 40144344 MEMBERSHIP DUES 712110 1168302 1168302 EDUCATION 712110 868217 868217 PERFORMING ARTS & COMMUNITY PROGRAMS 712110 511805 511805 SPECIAL EXHIBITIONS 712110 1436777 1436777 Library 712110 7698 7698 3992799 9271863 9271863 0 51139 51139 0 0 0 322685807 65256756 301642234 59576876 21043573 5679880 26723453 26723453 0 0 1062947 698297 364650 364650 PROCEEDS FROM ART DEACCESSION 900099 12078068 12078068 PARKING GARAGE 812930 566615 566615 FOOD SERVICES COMMISSION 900099 382466 382466 -112839 -112839 12914310 93462558 16435517 -112839 36995536 0 0 0 0 1853212 822180 734463 296569 0 13671083 10778695 1928846 963542 1359830 1045280 213473 101077 1889994 1434435 314818 140741 1111951 833963 189032 88956 0 324156 91706 232450 130377 130377 60280 60280 30000 30000 1822794 1822794 2261149 1695862 384395 180892 1492535 1119401 253731 119403 1646265 1234699 279865 131701 439860 307902 109965 21993 16046 16046 1937391 1646782 251861 38748 1170045 877533 198908 93604 0 0 3306729 2810719 429875 66135 0 8672378 7284797 1214133 173448 438832 329124 74601 35107 ACQUISITION & TRANSP. OF ART 9742825 9742825 PUBLICATIONS/LIBRARY/PRINT 782894 757459 25435 BOND STANDBY & CUSTODIAN FEE 618265 618265 MAINTENANCE, REPAIRS, EQUIP. 335743 318537 17206 666046 499536 113228 53282 55780680 43707761 9512286 2560633 1432908 9151365 6539250 2587000 12593180 12798187 229580 111622 521592 500281 0 0 0 0 604247 971239 3161497 5483365 406100572 70360076 321728894 335740496 562034175 618443501 109678750 102405909 0 0 0 0 0 0 1018524073 1088192965 45134732 26938055 0 0 584291 400808 164990378 164502408 0 0 0 0 0 0 0 0 0 0 210709401 191841271 X 93137337 107830774 371902705 423916699 342774630 364604221 807814672 896351694 1018524073 1088192965 X 37681878 21030371 29824773 X false true X true false X 35201866 46107615 31518506 27343580 40144344 180315911 0 0 35201866 46107615 31518506 27343580 40144344 180315911 62369857 117946054 4930716 5395400 7708498 6950750 9323002 34308366 0 288967 285000 335705 13027149 13936821 228561098 6915053 0.51604 0.62506 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 60280 false false false 60280 false false LOBBYING ACTIVITIES SCHEDULE C, PART II-B PAYMENTS TO OUTSIDE FIRM FOR GENERAL COMMUNICATIONS WITH ELECTED OFFICIALS ON MUSEUM'S BEHALF. X X X X false 643255000 2503000 75856000 25502000 696112000 675099000 2256000 -15181000 18919000 643255000 582729000 838000 111644000 20112000 675099000 559713000 3553000 49609000 30146000 582729000 736944000 1094000 -156940000 21385000 559713000 0.15000 0.52000 0.33000 true false 372391470 51834739 320556731 20701261 18525337 2175924 13007841 0 13007841 335740496 ALT INVEST - ABSOLUTE RETURN 54158685 F ALT INVEST - PRIVATE EQUITY 48247224 F 102405909 0 0 X 113481271 21030371 -1822794 19207577 94273694 -811136 -811136 93462558 54656183 698297 698297 53957886 1822794 1822794 55780680 FOOTNOTE REGARDING ART COLLECTION SCHEDULE D, PART III, LINE 1A 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. DESCRIPTION OF COLLECTIONS & EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 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. INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 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. FIN 48 FOOTNOTE FROM FINANCIAL STATEMENTS SCHEDULE D, PART X 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, 2013 AND 2012. OTHER REVENUE AMOUNTS INCLUDED ON books BUT NOT ON return schedule d, Part XI, line 2d Investment fees $(1,822,794) ------------ Schedule D, Part XI, Line 2d: $(1,822,794) OTHER REVENUE AMOUNTS INCLUDED ON RETURN BUT NOT ON BOOKS SCHEDULE D, PART XI, LINE 4B Reclass - COGS: $(698,297) Loss from partnership (112,839) ---------- Schedule D, Part XI, Line 4b: $(811,136) OTHER EXPENSE AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN SCHEDULE D, PART XII, LINE 2D Reclass - COGS: $698,297 ----------- Schedule D, Part XII, Line 2D: $698,297 Other expense amounts included on the return but not on books SCHEDULE D, PART XII, LINE 4B INVESTMENT MANAGEMENT FEES $1,822,794 ----------- SCHEDULE D, PART XII, LINE 4B: $1,822,794 Central America and the Caribbean Investments 48892003 48892003 48892003 true false false false true false true dennis m lafferty Consultant false 30000 30000 OH X X X X true true false false false false false false false DAVID G FRANKLIN 431167 32350 0 20716 0 484233 0 0 0 JANET ASHE END 2012 670813 10154 19140 0 11580 0 711687 0 0 0 EDWARD BAUER 121569 5311 13277 0 16393 0 156550 0 0 0 AUGUST A NAPOLI 263122 12730 0 20717 0 296569 0 0 0 CHARLES G MANN 205462 10261 0 15817 0 231540 0 0 0 JEFFREY W STREAN 122894 12914 0 20635 0 156443 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION schedule J, part I, question 4a TREASURER & DIRECTOR OF ADMINISTRATION, JANET G. ASHE - SEPARATION OF SERVICE 9/2012 WITH SEVERANCE PAYMENT $524,388. SUPPLEMENTAL NONQUALIFED DEFERRED COMPENSATION SCHEDULE J, PART I, QUESTION 4B THE CLEVELAND MUSEUM HAS EXTABLISH A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION, 457(F) PLAN TO BENEFIT CEO, DAVID G. FRANKIN. DURING THE FISCAL YEAR ENDED JUNE 30, 2013, $25,000 WAS CREDITED TO THE PLAN ACCOUNT. UPON VESTING, THE PORTION OF THE BALANCE THAT HAS VESTED WILL EARN AN INVESTMENT RETURN UNTIL DISTRIBUTION THEREOF THAT IS EQUAL TO THE APPLICABLE FEDERAL MID-TERM RATE AS DETERMINED PURSUANT TO SECTION 1247 OF THE CODE AS OF THE DATE SUCH ACCOUNT BALANCE BECOMES VESTED,COMPOUNDED ANNUALLY. 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 false false false 0 false false false false B false false false false 0 false false false false A false true true false 0 false 0 false B false true false false 0 false 0 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 former director SPLIT-DOLLAR INS. X 650834 500281 false false true 500281 X 520 SEE SCH M, PART II X 78 1772678 COST/SELLING PRICE false true false contributions of artwork Schedule M, Part I, Line 33 Various art objects not recorded on book. 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. DESCRIPTION OF RELATIONSHIPS FORM 990, PART VI, LINE 2 ROBERT W. GILLESPIE, JAMES A. RATNER, RICHARD H. FEARON AND ALFRED M. RANKIN JR. SIT ON THE BOARD OF JOHN HUNTINGTON TRUST. DESCRIBE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11B 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. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, LINE 12C 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. OFFICErS & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN FORM 990, PART VI, LINE 15A THE COMPENSATION COMMITTEE OF THE MUSEUM BOARD OF TRUSTEES ANNUALLY DETERMINES THE COMPENSATION OF THE CEO AND MUSEUM DIRECTOR POSITION. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN FORM 990, PART VI, LINE 15B 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. AVAIL OF GOV DOCS, COI POLICY, & FINANCIAL STMTS TO GEN PUBLIC FORM 990, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN FV OF CHARITABLE PERPETUAL TRUSTS $20,652,871 CHANGE IN FUNDED STATUS PENSION AND POSTRETIREMENT MEDICAL 4,237,398 CHANGE IN FV OF DERIVATIVE INSTRUMENTS 4,821,665 Loss from Partnership 112,839 ------------- PART XI, LINE 9 $29,824,773 CLEVEHUNT LLC 11150 E BLVD CLEVELAND OH 44106 300692741 Investment OH na Investment 398271668 false 0 true 0.75850 false false false false false false false false false false false false false false false false true true false CLEVEHUNT LLC R 12155664 FMV CLEVEHUNT LLC Q 160978 ACTUAL EXP