Civic Intelligence

John L Severance 20-0940020

990 • Fiscal year 2019 • EIN 34-6506884

Jan 01, 2019 to Dec 31, 2019 • Filed on May 01, 2020

4900 Tiedeman Rd Oh-01-49-0150Brooklyn, OH 44144-2302

(216) 813-4556

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$322,499

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$59,662,372

No earlier filing loaded for comparison.

Net Assets

$59,662,372

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$4,318,339

No earlier filing loaded for comparison.

Expenses

$3,832,836

No earlier filing loaded for comparison.

Net Income

$485,503

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2019: $59,662,372Liabilities 2019: $0Net Assets 2019: $59,662,3722019Assets 2020: $58,165,574Liabilities 2020: $0Net Assets 2020: $58,165,5742020Assets 2021: $58,831,389Liabilities 2021: $0Net Assets 2021: $58,831,3892021Assets 2022: $57,587,472Liabilities 2022: $0Net Assets 2022: $57,587,4722022Assets 2023: $55,391,624Liabilities 2023: $0Net Assets 2023: $55,391,6242023Assets 2024: $64,091,830Liabilities 2024: $0Net Assets 2024: $64,091,8302024

Highlighted filing

2019

Assets$59,662,372
Liabilities$0
Net Assets$59,662,372

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $4,318,339Expenses 2019: $3,832,836Net Income 2019: $485,5032019Revenue 2020: $2,331,201Expenses 2020: $3,827,999Net Income 2020: -$1,496,7982020Revenue 2021: $4,464,253Expenses 2021: $3,798,438Net Income 2021: $665,8152021Revenue 2022: $3,316,435Expenses 2022: $4,560,349Net Income 2022: -$1,243,9142022Revenue 2023: $2,017,091Expenses 2023: $4,212,937Net Income 2023: -$2,195,8462023Revenue 2024: $13,036,691Expenses 2024: $4,167,851Net Income 2024: $8,868,8402024

Highlighted filing

2019

Revenue$4,318,339
Expenses$3,832,836
Net Income$485,503
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 1, 2020
Return Version
2019v5.0
Gross Receipts
$5,286,536
Mission and Program Overview

Mission

Grants are made according to the last will and testament ofjohn l severence dated january 31, 1935 in conjunction with the trust agreement dated december 23, 1915 and the operating agreement dated april 30, 2009. In compliance with the trust document, keybank as trustee, makes grants to the cleveland museum of art to be used to purchase works of art. Under the ohio institutional trust funds act of 1999, the beneficiary has chosen to receive the maximum of income based on the greater of 5% of afv or traditional income.keybank maintains a responsiveness to the needs and activities of thebeneficiaries organization in the attainment of its mission. Please note the charity has a right to direct or approve investments and thetrustee has the authority to amend the document to insure thecontinuation to qualify as a 509(a)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$59,176,869$59,662,372▲ $485,503
Cap Stk Tr Prin Current Funds$59,176,869$59,662,372▲ $485,503
Total Assets$59,176,869$59,662,372▲ $485,503
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,176,869$59,662,372▲ $485,503
Total Liabilities and Net Assets / Fund Balance$59,176,869$59,662,372▲ $485,503

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$57,876,515--
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$322,499$322,499

Board Members and Trustees

NameTitle
Russ KlimczukCMA Asst Treasurer of Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,318,339
Other Revenue
$0
Change in Net Assets
$485,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,510,009
Salaries, Compensation, and Employee Benefits$322,499
Other Expenses$328
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,510,009--$3,510,009
Current Officers, Directors, Trustees, and Key Employees-$322,499-$322,499
All Other Expenses-$328-$328
Total Functional Expenses$3,510,009$322,827$0$3,832,836
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Cleveland Museum of ArtCleveland, OH107(b)(1)(A)Used for the Purchase of Works of Art.$3,510,009
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Line 12A

Non conflict of interest policy exists for the trust. Keybank n a has a corporate conflict of interest policy.

Part VI, Line 14

The trust has no written document retention or destruction policy. Keybank n a has a corporate document retention and destruction policy.

Part VI, Line 15 A and B

Keybank is sole trustee, is compensated as such, and makes all decisions with respect to the operation and administration of the trust.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

KEYBANK IS SOLE TRUSTEE.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7B

CMA has the right to approve the investment policy statements with respect to the trust.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

Keybank's administration documents all meetings and written actions taken during the year.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

Keybank's administration documents all meetings and written actions taken during the year.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

All returns are thoroughly prepared and reviewed by or internal professional tax department.

Form 990, Page 6, Part VI, Line 19

Documents are avaialbe upon request by phone and deliveredwithin 2 weeks of the request.

Filing and Contact Details

Filer

Filer Name
John L Severance 20-0940020
EIN
34-6506884
Phone
2168134556
Address
4900 TIEDEMAN RD OH-01-49-0150, BROOKLYN, OH 44144-2302

Signing Officer

Name
Keybank Byp S Chmura
Title
SVP
Phone
2168134556
Signed
2020-05-01

Organization Details

Formed
1945
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
0
Employees
0
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Cleveland Museum of Art and KeyBank maintain a close and continuous relationship with respect to the administration and investments of the trusts.The parties shall continue to meet at least twice a year, in order to review the administration and investments of the trusts.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Cleveland Museum of Art shall have the right at any time to offer its insight or suggestions to KeyBank with respect to the administration or investments of the trust. The Cleveland Museum of Art shall have the authority to approve all investment policy statements with respect to the trusts, as well as any future changes to those investment policy statements.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2KeyBank will continue to provide to the Cleveland Museum of Art periodic statements at least quarterly, reflecting the book value and market value of all trust investments, and all receipts and disbursements from the trusts. KeyBank will continue to provide to the Cleveland Museum of Art detailed reports reflecting the investment performance of the trusts as compared to relevant
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3benchmarks. The Cleveland Museum of Art agrees to annually provide to KeyBank copies of its current investment policy. As the sole beneficiary of the trust, the Cleveland Museum of Art has always had complete control over the disposition of income that has been distributed from the trust to the Cleveland Museum of Art.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4The parties acknowledge that William Hartmann serves on the Board of CMA, and is also a senior executive at KeyBank. This further demonstrates the close relationship between the parties.
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IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt01035816
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt01053500
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt068018558
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt069179841
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt02380650
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt02421294
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt069054374
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt070233341
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt02380650
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt02421294
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340714336
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03510009
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLEVELAND MUSEUM OF ART
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt03510009
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01785857
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt157876515
IRS990ScheduleD/OtherSecuritiesGrp/Desc0KT SHORT TERM DEPOSIT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CLEVELAND MUSEUM OF ART FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueSecuritiesAmt059662372
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt03510009
IRS990ScheduleI/RecipientTable/IRCSectionDesc0107(b)(1)(A)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0USED FOR THE PURCHASE OF WORKS OF ART.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE CLEVELAND MUSEUM OF ART
IRS990ScheduleI/RecipientTable/RecipientEIN0340714336
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt011150 EAST BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CLEVELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044106
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE TO 501(C)(3) ORGANIZATIONS THAT ARE NAMED IN THE TRUST DOCUMENT. OUR ADMINISTRATIVE REPRESENTATIVES ARE IN PERIODIC CONTACT WITH REPRESENTATIVES OF THE CHARITIES IN ORDER TO BE IN COMPLIANCE WITH THE TRUST PROVISIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NON CONFLICT OF INTEREST POLICY EXISTS FOR THE TRUST. KEYBANK N A HAS A CORPORATE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST HAS NO WRITTEN DOCUMENT RETENTION OR DESTRUCTION POLICY. KEYBANK N A HAS A CORPORATE DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEYBANK IS SOLE TRUSTEE, IS COMPENSATED AS SUCH, AND MAKES ALL DECISIONS WITH RESPECT TO THE OPERATION AND ADMINISTRATION OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEYBANK IS SOLE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CMA has the right to approve the investment policy statements with respect to the trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Keybank's administration documents all meetings and written actions taken during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Keybank's administration documents all meetings and written actions taken during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL RETURNS ARE THOROUGHLY PREPARED AND REVIEWED BY OR INTERNAL PROFESSIONAL TAX DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DOCUMENTS ARE AVAIALBE UPON REQUEST BY PHONE AND DELIVEREDWITHIN 2 WEEKS OF THE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, LINE 15 A AND B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt059176869
IRS990/TotalAssetsEOYAmt059662372
IRS990/TotalAssetsGrp/BOYAmt059176869
IRS990/TotalAssetsGrp/EOYAmt059662372
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0322827
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03510009
IRS990/TotalFunctionalExpensesGrp/TotalAmt03832836
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt059176869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt059662372
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03510009
IRS990/TotalReportableCompFromOrgAmt0322499
IRS990/TotalRevenueGrp/ExclusionAmt04318339
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04318339
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059176869
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059662372
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEYBANK BYP S CHMURA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP
ReturnHeader/BusinessOfficerGrp/PhoneNum02168134556
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JOHN L SEVERANCE 20-0940020
ReturnHeader/Filer/BusinessNameControlTxt0SEVE
ReturnHeader/Filer/EIN0346506884
ReturnHeader/Filer/PhoneNum02168134556
ReturnHeader/Filer/USAddress/AddressLine1Txt04900 TIEDEMAN RD OH-01-49-0150
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0441442302
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F620792586F89198588F9AE377E5570ED86DD9F7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A0802B0AC7D70095075DFBD726E2FCC0F594F8A1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0165.225.0.113
ReturnHeader/ReturnTs02020-05-05T09:00:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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