2013-05-21T10:12:08-05:00 2012-06-30 ERNST & YOUNG US LLP 155 NORTH WACKER DR CHICAGO IL 60606 990 2011-07-01 340714336 Cleveland Museum of Art % EDWARD W BAUER CLEV 2164217340 11150 East Boulevard Cleveland OH 44106 EDWARD W BAUER 2013-05-15 3128792000 2011 2016-02-25 16:41:14Z DAVID G FRANKLIN 11150 East Boulevard Cleveland OH 44106 546740981 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 29 29 465 560 -294272 -294272 31518506 27343580 3042143 4147733 23339641 57359265 382251 249938 58282541 89100516 0 0 0 0 16789351 19555738 0 40200 2561450 32264815 32472203 49054166 52068141 9228375 37032375 1050341065 1018524073 196372529 210709401 853968536 807814672 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 10646340 Acquisitions of art 4123316 1646989 Education, library and community programs 1656427 924971 Special exhibitions 23014957 1711399 39441040 true true false true false false false true false true true true false false false true true false false false true false false true true 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 true true 255 0 true 465 true true true false false false false true true false false false false X 29 29 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 BOULEVARD CLEVELAND OH 44106 R STEVEN KESTNER 5.0 X X DAVID G FRANKLIN 40.0 X X 389918 0 26557 ALFRED M RANKIN JR 1.0 X X MICHAEL J HORVITZ 1.0 X X SARAH S CUTLER 1.0 X X ELLEN STIRN MAVEC 1.0 X X JAMES A RATNER 1.0 X X STEPHEN J KNERLY JR 1.0 X X VIRGINIA N BARBATO 1.0 X FREDERICK E BIDWELL 1.0 X CHARLES P BOLTON 1.0 X REV JAWANZA K COLVIN 1.0 X TERRANCE CZEGGAR 1.0 X RICHARD FEARON 1.0 X LAUREN RICH FINE 1.0 X HELEN FORBES FIELDS 1.0 X ROBERT W GILLESPIE 1.0 X AGNES GUND 1.0 X CYNTHIA AMES HUFFMAN 1.0 X CHARLES S HYLE 1.0 X SUSAN KAESGEN 1.0 X NANCY F KEITHLEY 1.0 X WILLIAM P MADAR 1.0 X MILTON MALTZ 1.0 X SCOTT C MUELLER 1.0 X STEPHEN E MYERS 1.0 X ANNE HOLLIS PERKINS 1.0 X PETER RASKIND 1.0 X DR EUGENE TW SANDERS 1.0 X MARK SCHWARTZ 1.0 X DR JERRY SUE THORNTON 1.0 X JANET G ASHE 40.0 X 255059 0 37146 EDWARD W BAUER 40.0 X 113036 0 26981 AUGUST A NAPOLI 40.0 X 255223 0 33380 CHARLES G MANN 40.0 X 203203 0 22941 CONSTANTIN J PETRIDIS 40.0 X 119855 0 12698 MARICA C STEELE 40.0 X 105300 0 13662 JEFFREY W STREAN 40.0 X 119817 0 30388 MARY E SUZOR 40.0 X 106246 0 16699 MARJORIE L WILLIAMS 40.0 X 122140 0 17589 1789797 0 238041 11 false true false PANZICA GILBANE 1801 MARTIN LUTHER KING BLVD CLEVELAND OH 44106 CONSTRUCTION MGMT. 30628698 RAFAEL VINOLY ARCHITECTS PC 50 VANDAM ST NEW YORK NY 10013 ARCHITECT 901462 BROKAW INC 425 WEST LAKESIDE AVE CLEVELAND OH 44113 advertising 477818 HAHN LOESER PARKS LLP 200 PUBLIC SQ SUITE 200 CLEVELAND OH 44114 legal/attorney 459016 THE RISE GROUP 120 SOUTH LASALLE ST SUITE 1750 CHICAGO IL 60603 PROJECT CONSULTING 432069 12 1866473 25477107 2104837 27343580 Membership dues 712110 1383197 1383197 Education 712110 1196369 1196369 PERFORMING ARTS & COMMUNITY PROGRAMS 712110 625054 625054 Library 712110 18517 18517 Special exhibitions 712110 924596 924596 4147733 6939239 6939239 0 11511 11511 306021371 201322917 285885234 171039028 20136137 30283889 50420026 50420026 102314 40946 61368 61368 0 810883 675257 135626 135626 Parking 812930 335705 335705 INCOME (LOSS) FROM PARTNERSHIP 525990 -294272 -294272 41433 89100516 4283359 -294272 57767849 0 0 0 0 1768618 787589 690476 290553 0 13663082 10110681 2322724 1229677 990644 733077 168409 89158 2066646 1529318 351330 185998 1066748 789394 181347 96007 0 445023 445023 188764 188764 75000 75000 40200 40200 2358612 2358612 1873412 1496010 318480 58922 631447 576740 54707 1666705 1233362 283340 150003 448630 331986 76267 40377 0 1650757 1386636 231106 33015 827413 612286 140660 74467 0 0 2802162 2353816 392303 56043 0 6665729 5599212 933202 133315 365640 134278 216199 15163 ACQUISITION & TRANSP. OF ART 10646340 10646340 PUBLICATIONS/LIBRARY/PRINT 747056 738427 8629 BOND STANDBY & CUSTODIAN FEE 626873 626873 MAINTENANCE, REPAIRS, EQUIP. 191861 152402 39459 260779 229486 26077 5216 52068141 39441040 10065651 2561450 6985093 1432908 6275225 6539250 19747556 12593180 213995 229580 586214 521592 0 0 0 0 650530 604247 2417040 3161497 383416592 61687698 286019628 321728894 578240854 562034175 149204930 109678750 0 0 0 0 0 0 1050341065 1018524073 30513739 45134732 0 0 281575 584291 165577215 164990378 0 0 0 0 0 0 0 0 0 0 196372529 210709401 X 109004511 93137337 384480894 371902705 360483131 342774630 853968536 807814672 1050341065 1018524073 X 37032375 -83186239 X false true true X false X 55892034 35201866 46107615 31518506 27343580 196063601 55892034 35201866 46107615 31518506 27343580 196063601 50939346 145124255 10217228 4930716 5395400 7708498 6950750 35202592 288967 285000 335705 909672 232175865 9529385 0.62506 0.86740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 75000 false false false 75000 false false Lobbying Activities Schedule C, Part II-B General communication with elected officials on behalf of museum. X X X X false 675099000 2256000 -15181000 18919000 643255000 582729000 838000 111644000 20112000 675099000 559713000 3553000 49609000 30146000 582729000 736944000 1094000 -156940000 21385000 559713000 0.15600 0.53000 0.31400 true false 218829304 43937640 174891664 19482994 17750058 1732936 145104294 145104294 321728894 ALT INVEST - ABSOLUTE RETURN 45386706 F ALT INVEST - HEDGED EQUITY 11133804 F ALT INVEST - PRIVATE EQUITY 53158240 F 109678750 0 0 89100516 52068141 37032375 -51945396 -31240843 -83186239 -46153864 38165595 -51945396 -51945396 90110991 -294272 -716203 -1010475 89100516 50425732 716203 716203 49709529 2358612 2358612 52068141 Footnote regarding art collection Sch 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, 2012 and 2011. Description of other changes in net assets Schedule D, Part XI, Line 8 Change in FV derivative instruments ($7,975,748) Change in FV char perp trusts ($18,236,305) Change in funded status pension benefits ($4,952,704) Change in funded status postretirement medical ($294,786) Other ($75,572) Loss from Partnership 294,272 ------------- Part XI, Line 8: ($31,240,843) Other revenue amounts included on return but not on books Schedule D, Part XII, Line 4b Reclass - COGS: $675,257 Reclass - Fundraising/special events exp: $ 40,946 -------- Schedule D, Part XII, Line 4b: $716,203 Other expense amounts included on books but not on return Schedule D, Part XIII, Line 2d Reclass - COGS: $675,257 Reclass - Fundraising/special events exp: $ 40,946 -------- Schedule D, Part XIII, Line 2d: $716,203 Central America and the Caribbean INVESTMENTS 63334860 63334860 63334860 true false true true true false true Dennis M Lafferty Consultant false 0 18350 Kleinhenz Associates Consultant false 0 21850 0 40200 OH Museum Events 102314 102314 40946 0 102314 102314 40946 40946 61368 X X false true false false false false false false false DAVID G FRANKLIN 389918 0 0 0 0 0 7350 0 19207 0 416475 0 0 0 JANET G ASHE 238559 0 0 0 16500 0 23045 0 14101 0 292205 0 0 0 AUGUST A NAPOLI 255223 0 0 0 0 0 12588 0 20792 0 288603 0 0 0 CHARLES G MANN 203203 0 0 0 0 0 10325 0 12616 0 226144 0 0 0 JEFFREY W STREAN 119817 0 0 0 0 0 11286 0 19102 0 150205 0 0 0 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, 2012, $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. Cleveland-Cuyahoga County Port Authority 341029691 18610PAE8 2005-10-20 90000000 See Schedule O false false false Cleveland-Cuyahoga county port authority 341029691 18610PAR9 2010-07-01 75917326 See Schedule O false false false 0 0 91582917 0 0 0 861928 160600 0 90560389 0 0 2009 false false true true 0 0 75477248 0 0 0 917326 0 0 74559922 0 0 2013 false false true true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false true false 0 false 0 false true false false false 0 false 0 false true Katharine Lee Reid split-dollar ins. X 650834 521592 false false true 521592 KEY BANK NA SEE SCHEDULE O INVESTMENT & DEPOSITORY FEES X 422 SEE SCH M, PART II X 82 2104837 cost/selling price false true true use of third parties to sell noncash contributions Schedule M, Part I, Line 32b In general, gifts of securities are sold upon receipt through broker. Contributions of Artwork Schedule M, Part I, Line 33 Various art objects not recorded on book. SCHEDULE O 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 Michael J. Horvitz, 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 THE AUDIT COMMITTEE WILL BE OFFERED A COPY OF THE RETURN IN PAPER OR ELECTRONIC FORM FOR REVIEW UPON FILING. 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. OFFICES & 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 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 AND DIVISION CHIEF. 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. Change in net assets Form 990, Part XI, Line 5 Unrealized loss on Securities ($51,945,396) Change in FV derivative instruments ($7,975,748) Change in FV char perp trusts ($18,236,305) Change in funded status pension benefits ($4,952,704) Change in funded status postretirement medical ($294,786) Other ($75,572) Loss from Partnership 294,272 ------------- Part XI, Line 5 ($83,186,239) 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 Clevehunt LLC 300692741 investment OH na investment 3650586 331972000 false 0 true 0.74010 false false false false false false false false false false false false false false false false true false CLEVEHUNT LLC Q 340846340 FMV