Civic Intelligence

Cleveland Museum of Art

EIN 34-0714336 • 501(c)3 • Cleveland, OH

Profile

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.)

11150 East BoulevardCleveland, OH 44106

www.clevelandart.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.07x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.76x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

27th percentile

$1,019,248

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

62nd percentile

9.9%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

25%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,170,073,993

Down $149,014,336 (-11%) from 2021

Liabilities

Down

$105,281,424

Down $11,263,038 (-9.7%) from 2021

Net Assets

Down

$1,064,792,569

Down $137,751,298 (-11%) from 2021

Revenue

Down

$74,298,172

Down $15,739,966 (-17%) from 2021

Expenses

Up

$68,033,512

Up $5,645,466 (+9.0%) from 2021

Net Income

Down

$6,264,660

Down $21,385,432 (-77%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $873,340,925Liabilities 2010: $119,546,254Net Assets 2010: $753,794,6712010Assets 2011: $1,050,341,065Liabilities 2011: $196,372,529Net Assets 2011: $853,968,5362011Assets 2013: $1,088,192,965Liabilities 2013: $191,841,271Net Assets 2013: $896,351,6942013Assets 2014: $1,154,212,419Liabilities 2014: $187,730,551Net Assets 2014: $966,481,8682014Assets 2015: $1,154,707,265Liabilities 2015: $190,715,850Net Assets 2015: $963,991,4152015Assets 2016: $1,099,082,274Liabilities 2016: $194,054,604Net Assets 2016: $905,027,6702016Assets 2017: $1,159,299,860Liabilities 2017: $186,553,779Net Assets 2017: $972,746,0812017Assets 2018: $1,194,370,696Liabilities 2018: $182,699,225Net Assets 2018: $1,011,671,4712018Assets 2021: $1,319,088,329Liabilities 2021: $116,544,462Net Assets 2021: $1,202,543,8672021Assets 2022: $1,170,073,993Liabilities 2022: $105,281,424Net Assets 2022: $1,064,792,5692022

Highlighted filing

2022

Assets$1,170,073,993
Liabilities$105,281,424
Net Assets$1,064,792,569

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $50,447,5022010Expenses 2011: $49,054,1662011Expenses 2013: $55,780,6802013Revenue 2014: $77,240,110Expenses 2014: $72,951,598Net Income 2014: $4,288,5122014Revenue 2015: $78,360,463Expenses 2015: $60,935,927Net Income 2015: $17,424,5362015Revenue 2016: $59,905,471Expenses 2016: $62,001,485Net Income 2016: -$2,096,0142016Revenue 2017: $49,250,919Expenses 2017: $60,688,211Net Income 2017: -$11,437,2922017Revenue 2018: $63,828,650Expenses 2018: $64,766,517Net Income 2018: -$937,8672018Revenue 2021: $90,038,138Expenses 2021: $62,388,046Net Income 2021: $27,650,0922021Revenue 2022: $74,298,172Expenses 2022: $68,033,512Net Income 2022: $6,264,6602022

Highlighted filing

2022

Revenue$74,298,172
Expenses$68,033,512
Net Income$6,264,660

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.1
Gross Receipts
$431,395,871
Mission and Program Overview

Mission

The mission of the cleveland museum of art (cma) 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.)

To provide a collection of artwork representing achievement of individuals and civilizations, past and present, for the benefit of the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$365,942,059$448,644,858▲ $82,702,799
Land, Buildings, and Equipment, Net$286,227,750$274,026,677▼ $12,201,073
Investments Other Securities$97,973,236$161,889,636▲ $63,916,400
Pledges and Grants Receivable$12,795,452$11,465,316▼ $1,330,136
Cash and Non-Interest-Bearing Accounts$7,448,929$11,301,606▲ $3,852,677
Savings and Temporary Cash Investments$46,255,000$2,854,200▼ $43,400,800
Prepaid Expenses and Deferred Charges$2,434,307$1,985,399▼ $448,908
Inventories for Sale or Use$1,040,511$797,155▼ $243,356
Accounts Receivable$436,328$459,262▲ $22,934
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,135,564,267$1,319,088,329▲ $183,524,062
Other Assets Total$315,010,695$405,664,220▲ $90,653,525
Liabilities
Tax Exempt Bond Liabilities$132,255,000$90,000,000▼ $42,255,000
Accounts Payable and Accrued Expenses$38,279,876$24,074,928▼ $14,204,948
Unsecured Notes Loans Payable$4,174,400$0▼ $4,174,400
Deferred Revenue$1,225,643$2,469,534▲ $1,243,891
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$175,934,919$116,544,462▼ $59,390,457
Net Assets / Fund Balance
Net Assets With Donor Restrictions$689,708,494$907,920,763▲ $218,212,269
Net Assets Without Donor Restrictions$269,920,854$294,623,104▲ $24,702,250
Total Net Assets Fund Balance$959,629,348$1,202,543,867▲ $242,914,519
Total Liabilities and Net Assets / Fund Balance$1,135,564,267$1,319,088,329▲ $183,524,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,172,013$127,127,070$393,299,083
Equipment$3,671,315$28,473,909$32,145,224
Other Land Buildings$4,183,349-$4,183,349
Land$0--
Other Assets Org$405,664,220--
Other Securities$40,240,140--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$772,965,000$6,560,000▲ $248,212,000$22,692,000$1,005,045,000
2019$797,425,000$5,870,000▼ $10,151,000$20,179,000$772,965,000
2018$796,842,000$2,728,000▲ $20,775,000$22,920,000$797,425,000
2017$763,493,000$5,797,000▲ $48,884,000$21,332,000$796,842,000
2016$698,378,000$1,091,000▲ $86,898,000$22,874,000$763,493,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William M GriswoldDirector & PresidentFT$729,987$126,918$856,905
Edward W Bauer End 122020TreasurerFT$184,938$157,333$342,271
Colleen R CristeDd & Chief PhilanthropyFT$271,532$27,340$298,872
Heather J Lemonedes BrownDd & Chief CuratorFT$238,847$35,030$273,877
Marjorie L Williams End 421Leadership Giving OfficerFT$149,184$69,718$218,902
Heidi StreanDirector Exhibitions & PublicationsFT$163,529$37,270$200,799
Mary Suzor End 62021Director Collections ManagementFT$138,850$46,317$185,167
Jane AlexanderChief Information OfficerFT$163,614$18,752$182,366
Lisa S CodispotiChief Operating & People OffcrFT$152,606$22,365$174,971
Diane M StrachanDirector Planned GivingFT$147,493$15,627$163,120
Marica C SteeleSnr Conservator PaintingsFT$128,342$25,684$154,026
Susan E BerghCurator Pre-colum & N AmericanFT$127,284$25,293$152,577
Russell J KlimczukInterim TreasurerFT$99,713$42,460$142,173

Board Members and Trustees

NameTitle
Scott C MuellerChair & Board Member
Helen Forbes FieldsBoard Member & Vice Chair
Ellen Stirn MavecVice Chair & Board Member
Sarah S CutlerVice Chair & Board Member
Agnes GundBoard Member
Charlotte FowlerBoard Member
Christopher GormanBoard Member
Daniel P Walsh JrBoard Member
Dominic OzanneBoard Member
Douglas KernBoard Member
Edward HemmelgarnBoard Member
Felton ThomasBoard Member
Frederick E BidwellBoard Member
John WaltonBoard Member
Jon H OutcaltBoard Member
Julia PollockBoard Member
KATHERINE TEMPLETON O'NEILLBoard Member
Kashim SkeeteBoard Member
Lauren Rich FineBoard Member
Leigh Hayes CarterBoard Member
Loyal M WilsonBoard Member
Manisha Sethi Beg 122020Board Member
Michelle JeschelnigBoard Member
Milton MaltzBoard Member
Nancy F KeithleyBoard Member
Paul E Westlake JrBoard Member
Peter E RaskindBoard Member
R Steven KestnerBoard member
Rev Jawanza K ColvinBoard Member
Richard H FearonBoard Member
Richard P StovskyBoard Member
Stephen E MyersBoard Member
Stephen W BaileyBoard Member
Virginia N BarbatoBoard Member
William LitzlerBoard Member
William P MadarBoard Member
Alfred M Rankin JrBoard Member (end 9/2020)
Cynthia Ames HuffmanBoard Member (end 9/2020)
James a RatnerSecretary & Board Member
Stephen J Knerly JrAssistant Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Gilbane Building CompanyConstruction Mgmt950 MAIN AVE SUITE 1410, Cleveland, OH 44113$1,940,154
Ritenour GroupConstruction2066 CASE PARKWAY SOUTH, Twinsburg, OH 44087$1,118,257
Ernst Young LLPAccounting950 MAIN AVE SUITE 1800, Cleveland, OH 44113$407,612
Hahn Loeser Parks LLPLegal200 PUBLIC SQ SUITE 2800, Cleveland, OH 44114$380,908
Stern AdverstisingAdvertising950 MAIN AVE SUITE 700, Cleveland, OH 44113$323,662
Revenue and Support

Revenue Composition

Contributions and Grants
$43,482,200
Program Service Revenue
$1,561,312
Investment Income
$41,903,108
Other Revenue
$3,091,518
All Other Contributions
$21,103,083
Change in Net Assets
$27,650,092

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded120$2,904,739Fair Market Value (FMV) - Date of Gift
Total Noncash Contributions120$2,904,739-

Audited Revenue Reconciliation

Revenue per Audited Statements
$88,940,300
Revenue Not Reported on Financial Statements
$1,097,838
Revenue Not Reported on Form 990
$116,538,986
Other Revenue Adjustments
$1,097,838
Total Revenue per Audited Statements
$205,479,286
Total Revenue per Form 990
$90,038,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,307,478
Salaries, Compensation, and Employee Benefits$24,080,568
Total Fundraising Expense$3,345,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,725,017$1,322,235$1,702,132$16,749,384
Depreciation Depletion$12,135,697$1,998,821$142,773$14,277,291
Current Officers, Directors, Trustees, and Key Employees$1,344,699$786,624$326,493$2,457,816
Other Employee Benefits$1,856,016$288,213$240,909$2,385,138
Occupancy$1,912,532$305,003$21,786$2,239,321
Interest$1,890,038$311,300$22,236$2,223,574
Fees for Service Investment Mgmnt Fees$0$2,174,868$0$2,174,868
Fees for Services Other$1,436,497$453,015$183,497$2,073,009
Pension Plan Contributions$1,039,940$66,935$146,301$1,253,176
Payroll Taxes$976,047$127,165$131,842$1,235,054
All Other Expenses$490,625$530,782$204,901$1,226,308
Information Technology$871,047$143,467$10,248$1,024,762
Office Expenses$595,531$188,422$181,424$965,377
Advertising$701,394$10,156$2,214$713,764
Other Expenses$660,647$630,626$0$630,626
Fees for Services Accounting$0$492,799$0$492,799
Fees for Services Legal$150,846$288,220$0$439,066
Insurance$364,813$28,915$22,693$416,421
Travel$187,169$19,028$5,729$211,926
Fees for Services Lobbying$92,000$0$0$92,000
Royalties$2,285$0$0$2,285
Total Functional Expenses$48,782,874$10,259,994$3,345,178$62,388,046

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$62,388,046
Total Expenses per Audited Statements$60,557,610
Expenses per Audited Statements$60,213,178
Expenses Not Reported on Financial Statements$2,174,868
Other Expense Adjustments$2,174,868
Expenses Not Reported on Form 990$344,432
International Activity

International Summary

Employees
1
Spending
$42,916,812

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments--1$25,119,225
Europe (Including Iceland and Greenland)Investments---$17,691,818
Europe (Including Iceland and Greenland)Program Services---$105,769
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACleveland-cuyahoga County Port Authority2005-10-20$90,000,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$91,582,917$0$0$861,928

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 copy of form 990, including required schedules is provided to members of the audit committee of the museum board of trustees for review prior to electronic filing. A complete copy of form 990 is also made available to the full board of trustees for review prior to filing via an electronic portal.

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

Compensation process of top management official 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 and key employees is determined by an annual performance review as prepared by the immediate supervisor. Each assessment is reviewed by human resources and the 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.

Filing and Contact Details

Filer

Filer Name
Cleveland Museum of Art
EIN
34-0714336
In Care Of
% RUSSELL J KLIMCZUK
Phone
2164217340
Address
11150 East Boulevard, Cleveland, OH 44106

Signing Officer

Name
Russell J Klimczuk
Title
Assistant Treasurer
Phone
2164217340
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William M Griswold
Formed
1913
Legal Domicile
Oh
Voting Board Members
38
Independent Board Members
37
Employees
501
Volunteers
800

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Eileen M Webb
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The museum, established in 1913 "for the benefit of all the people forever," * 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. (* j.h. Wade ii, act of conveyance of land to be used for the cma.)

Form 990, Part III, Line 4A

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. Collecting central to the mission of the museum is the continued development and preservation of its art collection. The collection is considered a selective survey of the history of art presented with works of the highest aesthetic quality and historical significance. Particularly notable is the museum's comprehensive, distinguished asian art collection as well as its ancient art, medieval european art and pre-columbian holdings. 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. Library the mission of the museum's library, ingalls library, is to support the museum's 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 museum's 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 400,000 in 2005. There are now more than 500,000 volumes. Today, the library is an integral part of the museum's identity. Collections remain a dynamic and constantly evolving resource for our visitors.

Form 990, Part III, Line 4B

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 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. 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. Approximately 300 works of art are acquired per year.

Form 990, Part III, Line 4C

cleveland museum of art's 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 museum's 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 museum's 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. the museum is committed to public arts education and hosts many educational events throughout the year, including family days, school tours, intergenerational studio arts classes and the distance learning and art to go programs. annual community arts festivals include: springtime's parade the circle, the autumn chalk festival and a winter lights lantern festival. A NEW OFFSITE LOCAL COMMUNITY ARTS CENTER WAS ESTABLISHED DURING FISCAL YEAR 2021 HOUSING THE MUSEUM'S COMMUNITY ARTS STAFF AND EDUCATION OUTREACH PROGRAM. THE COMMUNITY ARTS CENTER FEATURES A RANGE OF ARTS PROGRAMS WHILE COLLABORATING WITH NEIGHBORHOOD PARTNERS TO ENRICH THE TRANSFORMATIVE EXPERIENCES OFFERED TO ALL AUDIENCES.

Form 990, Part III, Line 4D

Description of other program services special exhibitions The museum is a significant international forum for exhibits. the improved and expanded special exhibition spaces makes cleveland a desirable destination for preeminent loan exhibitions, bringing the best art from around the world to the people of the region. historically, the museum has showcased between 13 and 17 special exhibitions per year, staging temporary exhibitions that draw from its permanent collection as well as showcasing international loan shows. 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. MUSIC, PERFORMING ARTS AND FILM MUSIC AT THE CLEVELAND MUSEUM OF ART HAS A HISTORY NEARLY AS LONG AS THE INSTITUTION ITSELF, AND THE INITIAL PROGRAM HAS GROWN INTO AN EXTENSIVE PERFORMING ARTS SEASON THAT INCLUDES INTERNATIONAL MUSIC, DANCE AND THEATRE ARTISTS. THE MUSEUM'S ANNUAL SUMMER SOLSTICE FESTIVAL IS A CELEBRATION OF ART AND MUSIC. GUESTS HAVE AN OPPORTUNITY TO ENJOY DYNAMIC AND CUTTING-EDGE MUSIC FROM AROUND THE WORLD, AND EXPLORE MUSEUM GALLERIES LATE INTO THE NIGHT. IN ADDITION, THE INSTITUTION PLAYS HOST TO A YEAR-ROUND FILM PROGRAM THAT IS ONE OF THE OLDEST OF ANY MUSEUM IN THE UNITED STATES. APPROXIMATELY 90 FILMS ARE SCREENED ANNUALLY. THE ART AND FICTION BOOK CLUB IS ANOTHER EXAMPLE OF A 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. CMA-CWRU JOINT PROGRAM THE JOINT PROGRAM IN ART HISTORY AND MUSEUM STUDIES OFFERED BY CASE WESTERN RESERVE UNIVERSITY IN ASSOCIATION WITH THE CLEVELAND MUSEUM OF ART PROVIDES STUDENTS THE OPPORTUNITY TO STUDY THE HISTORY OF ART AND PREPARE THEMSELVES FOR CAREERS IN THE MUSEUM FIELD USING THE RESOURCES OF A MAJOR RESEARCH UNIVERSITY, ONE OF THE COUNTRY'S FINEST GENERAL ART MUSEUMS, AND THE INGALLS LIBRARY, THE THIRD LARGEST ART MUSEUM LIBRARY IN THE COUNTRY. THE INGALLS LIBRARY PROVIDES RESEARCH CONSULTATION AND USE OF THE LIBRARY SEMINAR ROOM FOR THE STUDENTS AND FACULTY IN THE JOINT PROGRAM. IN 2002, THE MUSEUM EMBARKED ON A $350 MILLION CAPITAL CAMPAIGN TO DRAMATICALLY MODIFY THE INSTITUTION'S BLUEPRINT WHILE REORGANIZING AND RENEWING THE PRESENTATION OF ITS UNRIVALED COLLECTION. THE RENOVATION AND EXPANSION PROJECT REAFFIRMED THE VISION OF THE INSTITUTION'S FOUNDERS, WHO BELIEVED THAT A GREAT CITY LIKE CLEVELAND SHOULD BE ENDOWED WITH THE FINEST OF CULTURAL ASSETS, INCLUDING AN ART MUSEUM THAT IS ACCESSIBLE TO THE PUBLIC FREE OF CHARGE. THE PROJECT TRANSFORMED OUTDATED MUSEUM SPACES AND PREPARED THE INSTITUTION TO MEET THE FUTURE NEEDS OF THE PUBLIC. THE INTEGRITY OF THE ORIGINAL 1916 BUILDING WAS RESTORED INCLUDING UPGRADED MECHANICAL STRUCTURAL SYSTEMS WITH THE LATEST ENVIRONMENTAL CONTROLS THROUGHOUT. AN EXPANSION TO THE EAST AND WEST WITH TWO NEW WINGS RESTORED SYMMETRY AND PROVIDED SPECTACULAR VIEWS OF ROCKEFELLER PARK. THE NEW 39,000 SQUARE-FEET ENCLOSED ATRIUM IS CLEVELAND'S LARGEST FREE PUBLIC SPACE. THE MUSEUM INCREASED 33 PERCENT IN GALLERY SPACE, WITH ENHANCED INTERPRETATION OF THE COLLECTION THROUGH STATE-OF-THE-ART TECHNOLOGY AS WELL AS INSTALLATIONS THAT ENGAGE THE FIRST-TIME VISITOR AND THE LONG-TIM

Form 990, Part XI, Line 9

CHANGE IN NET ASSETS CHANGE IN FV OF CHARITABLE PERPETUAL TRUSTS $90,653,526 CHANGE IN FUNDED STATUS PENSION AND POSTRET. MED. $2,349,294 CHANGE IN FV OF DERIVATIVE INSTRUMENTS $5,841,023 PARTNERSHIP GAINS REPORTED ON LINE 1 $(1,442,270) CURRENT YR INVESTMENT RETURN DEFERRED $(774,507) NET PERIODIC BENEFIT COST NON-SERVICE COMPONENT $(851,000) -------------- Total $95,776,066

Financial Statement Notes

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 collection includes more than 45,000 objects and spans 6,000 years of achievement in the arts. 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) that exceeds spending from the endowment. 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, 2021 and 2020.

Schedule D, Part XI, Line 2D

Other revenue amounts included on books but not on return investment management fees $(2,174,868) investment return deferred py offset $(774,507)

Schedule D, Part XI, Line 4B

Other revenue amounts included on return but not on books reclass cogs retail $(344,432) gain from partnership $1,442,270

Schedule D, Part XII, Line 2D

Other expense amounts included on books but not on return reclass cogs retail $344,432

Schedule D, Part XII, Line 4B

Other expense amounts included on the return but not on books investment management fees $2,174,868

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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM M GRISWOLD
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD W BAUER END 122020
IRS990/Form990PartVIISectionAGrp/PersonNm2COLLEEN R CRISTE
IRS990/Form990PartVIISectionAGrp/PersonNm3HEATHER J LEMONEDES BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm4MARJORIE L WILLIAMS END 421
IRS990/Form990PartVIISectionAGrp/PersonNm5HEIDI STREAN
IRS990/Form990PartVIISectionAGrp/PersonNm6MARY SUZOR END 62021
IRS990/Form990PartVIISectionAGrp/PersonNm7JANE ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA S CODISPOTI
IRS990/Form990PartVIISectionAGrp/PersonNm9DIANE M STRACHAN
IRS990/Form990PartVIISectionAGrp/PersonNm10MARICA C STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN E BERGH
IRS990/Form990PartVIISectionAGrp/PersonNm12RUSSELL J KLIMCZUK
IRS990/Form990PartVIISectionAGrp/PersonNm13AGNES GUND
IRS990/Form990PartVIISectionAGrp/PersonNm14CYNTHIA AMES HUFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15NANCY F KEITHLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM P MADAR
IRS990/Form990PartVIISectionAGrp/PersonNm17MILTON MALTZ
IRS990/Form990PartVIISectionAGrp/PersonNm18SCOTT C MUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm19STEPHEN E MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm20JULIA POLLOCK

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