2011-04-26T08:23:53-05:00 2010-06-30 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2009-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 DOMINIC DIMARCO 2486453000 2011-04-12 1 2483522500 2009 2016-02-24 21:20:13Z DOMINIC DIMARCO PO BOX 801 BLOOMFIELD HILLS MI 483030801 298132461 0 X WWW.CRANBROOK.EDU X 1973 MI CRANBROOK PROVIDES EXCELLENT EDUCATIONAL PROGRAMS SERVING DIVERSE AUDIENCES IN AN ENVIRONMENT THAT INSPIRES CREATIVITY, EXPERIMENTATION AND LEARNING. 29 28 1137 172 -70970 -70970 11777560 7341697 44321700 46552666 -4270725 -1816573 2907819 2401104 54736354 54478894 7872421 8326925 0 39769716 37136960 73492 0 2496138 34094490 32175795 81810119 77639680 -27073765 -23160786 419841762 424095485 123845686 124081905 295996076 300013580 CRANBROOK PROVIDES EXCELLENT EDUCATIONAL PROGRAMS SERVING DIVERSE AUDIENCES IN AN ENVIRONMENT THAT INSPIRES CREATIVITY, EXPERIMENTATION AND LEARNING. 0 0 48441266 7215925 41328887 CRANBROOK SCHOOLS IS AN EDUCATIONAL INSTITUTION WITH FALL 2009 ENROLLMENT OF 1,653 STUDENTS IN K-12TH GRADE. INCLUDED IN THE COST OF OPERATION ARE DORMITORIES, DINING HALLS AND SUMMER PROGRAMS. 7340092 1111000 4495303 CRANBROOK ACADEMY OF ART IS A GRADUATE SCHOOL OF FINE ARTS AND ARCHITECTURE WITH FALL 2009 ENROLLMENT OF 157 STUDENTS. 3045958 728476 CRANBROOK INSTITUTE OF SCIENCE IS A NATURAL SCIENCE MUSEUM OPEN TO THE PUBLIC WHICH HAD APPROXIMATELY 159,261 VISITORS IN FISCAL YEAR 2009/2010. 3071031 CRANBROOK HOUSE AND GARDENS AUXILIARY - FUNDS ARE RAISED AND EXPENDED FOR THE PRESERVATION OF CRANBROOK HOUSE AND GARDENS, A NATIONAL HISTORIC LANDMARK, AS WELL AS TOURS AND EDUCATIONAL PROGRAMS. 3071031 61898347 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 376 1 1 1137 1 1 1 0 0 0 0 1 1 0 0 0 29 28 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAM RUTHVENCFO 2486453110 PO BOX 801 BLOOMFIELD HILLS MI 483030801 MICHAEL ACHESON 1.00 X 0 0 0 MAGGIE ALLESEE 1.00 X 0 0 0 LINDA WASSERMAN AVIV 1.00 X 0 0 0 JEFFREY T CHAMBERS 1.00 X 0 0 0 JEFFREY K CLARK 1.00 X 0 0 0 DENISE DAVID 1.00 X 0 0 0 PAUL M DODYK 1.00 X 0 0 0 VIRGINIA B FOX 1.00 X 0 0 0 MAXINE FRANKEL 1.00 X 0 0 0 ERICA WARD GERSON 1.00 X 0 0 0 EDWARD HAGENLOCKER 1.00 X 0 0 0 JEFFREY A HARRIS 1.00 X 0 0 0 PATRICIA C HARTMANN 1.00 X 0 0 0 ARNOLD JACOB 1.00 X 0 0 0 LINDA H GILLUM 1.00 X 0 0 0 DONALD J KUNZ 1.00 X 0 0 0 WILLIAM KM GOLDSMITH 1.00 X 0 0 0 RALPH A GRAHAM 1.00 X 0 0 0 EUGENE A MILLER 1.00 X 0 0 0 BRUCE D PETERSON 1.00 X 0 0 0 STEPHEN R POLK 1.00 X 0 0 0 LLOYD E REUSS 1.00 X 0 0 0 ROBERT S TAUBMAN 1.00 X 0 0 0 JAMES J VLASIC 8.00 X 0 0 0 RICHARD E WARREN 1.00 X 0 0 0 GARY L WASSERMAN 1.00 X 0 0 0 LISA PAYNE 1.00 X 0 0 0 ADELE ACHESON 1.00 X 0 0 0 LYNDA CHARFOOS 1.00 X 0 0 0 JOHN M ERB 1.00 X 0 0 0 WARREN ROSE 1.00 X 0 0 0 PAUL J CHIAPPARONE 1.00 X 0 0 0 JULIE FISHER CUMMINGS 1.00 X 0 0 0 IRA J JAFFE 1.00 X 0 0 0 ROBERT C LARSON 1.00 X 0 0 0 WAYNE B LYON 1.00 X 0 0 0 LESLIE ROSE 1.00 X 0 0 0 FREDERICK NAHM 55.00 X 395575 0 34991 PATRICA CARI 55.00 X 82998 0 24321 DOMINIC DIMARCO 55.00 X 244804 0 12508 ARLYCE SEIBERT 55.00 X 269953 0 55757 REED KROLOFF 55.00 X 212634 0 55732 MICHAEL HILLIARD 55.00 X 639500 0 26293 MICHAEL STAFFORD 55.00 X 143743 0 23627 MARSHA GILMAN 55.00 X 143863 0 17261 PAMELA RUTHVEN 55.00 X 153474 0 8691 ANDREW MILLER 55.00 X 139969 0 26852 2426513 0 286033 28 0 1 0 FRANK REWOLD & SONS INC 333 E SECOND ST ROCHESTER MI 48307 CONSTRUCTION 13092500 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3393740 SKANSKA USA BUILDING INC 26100 AMERICAN DRIVE STE 200 SOUTHFIELD MI 48034 CONSTRUCTION 3345240 TEACHER'S INS AND ANNUITY PO BOX 8500 PHILADELPHIA PA 19178 PENSION 2790461 GOLDMAN SACHS & CO 85 BROAD STREET NEW YORK NY 10087 INVESTMENT 1906334 46 449936 617754 6274007 509005 7341697 CRANBROOK SCHOOLS K-12 900099 41328887 41328887 ART ACADEMY TUITION & 900099 4495303 4495303 INSTITUTE OF SCIENCE A 611600 728476 728476 46552666 3940502 -70970 4011472 1132985 1353952 -220967 -220967 -220967 234909921 240666996 -5757075 -5757075 -5757075 1373991 449936 1114245 259746 259746 65895 26494 39401 39401 559452 491880 67572 67572 AUXILIARY 900099 1171915 1171915 MISCELLANEOUS 900099 1083437 1083437 2255352 54478894 46552666 -70970 655501 8326925 8326925 1328840 528349 800491 27705757 20222116 6049406 1434235 1855165 1315982 442259 96924 4158594 3245657 734333 178604 2088604 1515963 472635 100006 132707 1048 131659 163532 163532 17908 17908 1720069 919568 800501 342704 131357 47817 163530 1367624 743343 471688 152593 235738 235738 4705191 2857692 1844355 3144 604991 552100 29000 23891 157090 140570 7631 8889 10864658 10864658 6688491 6688491 733617 8227 725390 FOOD SERVICE SCHOOLS 3562407 3513376 21051 27980 MISCELLANEOUS EXPENSE 520873 10814 15869 494190 BAD DEBT EXPENSE 358195 304680 53515 ALLOCATION OF SERVICES 0 10872089 -10630726 -241363 77639680 61898347 13245195 2496138 52683 40479 4673346 6801487 23381024 20698727 856100 1086721 810513 854295 3243352 2444433 269873250 83875291 167350887 185997959 126790712 103870625 90678145 100574039 2005000 1726720 419841762 424095485 15705276 23822042 13158012 15384579 93615000 83815000 1367398 1060284 123845686 124081905 X 206081304 211437021 38603641 36120685 51311131 52455874 295996076 300013580 419841762 424095485 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 168388552 2095228 20073157 10051800 -672863 181178000 236966944 5676615 -54883285 15322603 4049119 168388552 0.66000 0.24000 0.10000 0 0 7869942 7869942 80142454 29386940 50755514 137077584 36500026 100577558 16004124 14463432 1540692 28779146 3524893 25254253 185997959 WEATHERLOW HEDGE FUNDS 28048392 F PAUL CAPITAL PROGRAMS 2905225 F CF DISTRESSED DEBT 1593594 F CF GLOBAL DISTRESSED DEBT 3836634 F ENDOWMENT ENERGY PARTNERS III 694511 F ENDOWMENT ENERGY PARTNERS IV 4152882 F ENDOWMENT VENTURE PARTNERS I-IV, VII, VIII 3735992 F ENDOWMENT EQUITY PARTNERS I-II, IV-V 3519822 F INTERNATIONAL PRIVATE EQUITY PARTNERS VI 859897 F RCP GRADUATE FUND 571914 F CORSAIR III 3164512 F CAPITAL INTERNATIONAL PARTNERS IV 1552264 F CAPITAL INTERNATIONAL PARTNERS V 3360909 F RCP FUND II 4016877 F RCP FUND III 3009317 F CHARLES BANK 1897841 F HRJ Capital VC VI LP 630672 F HRJ CAPITAL VC VI (INTERNATIONAL) 1335715 F DILLON (SILVER CREEK LOW VOLUME) 19381497 F ENDOWMENT INTERNATIONAL EQUITY PARTNERS 891480 F ENDOWMENT PRIVATE EQUITY PARTNERS III 1508410 F NATURAL RESOURCES PARTNERS VIII 591504 F HRJ CAPITAL VC V (FOREIGN) 419420 F HRJ CAPITAL VC V 1148543 F HRJ GLOBAL REAL ESTATE III 1158976 F ELLIOTT 4000000 F CAYMAN III 2587239 F 100574039 CAPITAL LEASES PAYABLE - CURRENT 424613 CAPITAL LEASES PAYABLE 635671 1060284 54478894 77639680 -23160786 28092884 -914583 -11 27178290 4017504 84643766 28092884 2986571 31079455 53564311 914583 914583 54478894 80626251 2986571 2986571 77639680 0 77639680 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 ARCHIVES DEPARTMENT 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 1904. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES: 1353952. DIRECT EXPENSES - FUNDRAISING: 1114245. DIRECT EXPENSES - GAMING: 26494. COST OF SALES: 491880. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 1353952. DIRECT EXPENSES - FUNDRAISING: 1114245. DIRECT EXPENSES - GAMING: 26494. COST OF SALES: 491880. 1 1 1 POLICY IS PRINTED ON ALL ADMISSION MATERIAL AND ALSO PRINTED ON OUR ADVERTISEMENT 1 1 1 1 0 0 0 0 0 0 0 0 1 0 CRANBROOK RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. 1 KALEIDOSCOPE 432824 226496 206328 7330 71435 6998 69147 SCRIP 586190 0 586190 512490 7 734274 223440 510834 60637 145675 7095 233437 1753288 449936 1303352 67967 217110 14093 815074 1114244 189108 65895 25959 535 1 0.75000 65895 25959 535 26494 39401 MI 1 0 1 0 1.00000 RITA STEDMAN PO BOX 801 BLOOMFIELD HILLS MI 483030801 0 RITA STEDMAN 0 RECORDKEEPING X 0 1 FINANCIAL AID NEED BASED - CAA 117 968300 MERIT-BASED INSTITUTIONAL - CAA 35 142700 MERIT-BASED INSTITUTIONAL - SCHOOLS 42 501400 FINANCIAL AID NEED BASED - CRANBROOK SCHOOLS 371 5148306 TUITION REMISSION 61 1296219 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 REGISTER'S OFFICE AT THE ART ACADEMY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 FREDERICK NAHM 351575 0 0 0 44000 0 19600 0 15391 0 430566 0 0 0 DOMINIC DIMARCO 244804 0 0 0 0 0 5446 0 7062 0 257312 0 0 0 ARLYCE SEIBERT 252086 0 17867 0 0 0 19600 0 36157 0 325710 0 0 0 REED KROLOFF 212634 0 0 0 0 0 17080 0 38652 0 268366 0 0 0 MICHAEL HILLIARD 236009 0 403491 0 0 0 18906 0 7387 0 665793 0 0 0 MICHAEL STAFFORD 143743 0 0 0 0 0 5761 0 17866 0 167370 0 0 0 MARSHA GILMAN 143863 0 0 0 0 0 11273 0 5988 0 161124 0 0 0 PAMELA RUTHVEN 153474 0 0 0 0 0 7096 0 1595 0 162165 0 0 0 ANDREW MILLER 139969 0 0 0 0 0 9139 0 17713 0 166821 0 0 0 Part I, Line 1a THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS HE IS REQUIRED TO LIVE IN THE CITY OF BLOOMFIELD HILLS. 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. ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 672523GN1 2009-10-15 18599313 SEE SCHEDULE O 0 0 ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 672523GD3 2007-11-01 46390000 SEE SCHEDULE O 0 0 18410368 370346 0 1 1 1 46285837 436000 0 1 1 1 0 0 0 0 0 0 0 1 1 GOLDMAN SACHS MITS 30.000000000000 1 ROYAL BANK OF CANADA 12.000000000000 1 0 0 DTE ENERGY BRUCE PETERSON, TRUSTEE, IS AN OFFICER OF DTE ENERGY 782544 ELECTRIC SERVICE 0 X 1 1200 APPRAISAL X 4270 COST X 12148 COST X 48 579283 AVG MARKET VALUATION X 5 350 COST X 5 3531 COST X AUCTION ITEMS 782 204641 COST X DONATIONS FOR FUNDRAISERS 39 18541 COST 1 0 1 0 Form 990, Part VI, Section A, line 2 LINDA WASSERMAN AVIV AND GARY L. WASSERMAN, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER. ADELE ACHESON AND MICHAEL ACHESON, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER. MAGGIE ALLESSEE AND MICHAEL ACHESON, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER. Form 990, Part VI, Section A, line 6 CRANBROOK EDUCATIONAL COMMUNITY HAS 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 11 THE INITIAL REVIEW OF THE 990 IS DONE BY THE CHIEF FINANCIAL OFFICER, THE CHIEF OPERATING 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 2C THE ORGANIZATION'S AUDIT COMMITTEE OVERSEES THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. SCHEDULE K, PART I, LINE A, COLUMN F: $18,425,000 SERIES 2009 VARIABLE RATE BONDS WERE ISSUED TO REFUND THE SERIES 1997B AND A PORTION OF THE 1998 BONDS, WHICH WERE PREVIOUSLY ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY, AND TO PAY THE COSTS OF ISSUING THE BONDS. THE SERIES 2007 VARIABLE RATE BONDS WERE RESTRUCTURED IN 2009 VIA THE ISSUANCE OF SERIES 2009 VARIABLE RATE BONDS WHICH ARE SUPPORTED BY A JP MORGAN CHASE BANK LETTER OF CREDIT. PROCEEDS FROM THE ORIGINAL 2007 ISSUE WERE USED TO REFUND THE SERIES 1997A AND 2001 BONDS, PAY ISSUANCE COSTS, AND TO COMPLETE CERTAIN CAPITAL PROJECTS (BOYS MIDDLE SCHOOL CONSTRUCTION, KINGSWOOD ROOF, IT, ETC.)