Civic Intelligence

John L Severance 20-0940020

990 • Fiscal year 2020 • EIN 34-6506884

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

Organization ProfileN/A
4900 Tiedeman Rd Oh-01-49-0150Brooklyn, OH 44144

(216) 813-4556

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$58,165,574

Down $1,496,798 (-2.5%) from 2019

Net Assets

Down

$58,165,574

Down $1,496,798 (-2.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses

Revenue

Down

$2,331,201

Down $1,987,138 (-46%) from 2019

Expenses

Down

$3,827,999

Down $4,837 (-0.1%) from 2019

Net Income

Down

-$1,496,798

Down $1,982,301 (-408%) from 2019

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

2020

Assets$58,165,574
Liabilities$0
Net Assets$58,165,574
Open 2020 Filing

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

2020

Revenue$2,331,201
Expenses$3,827,999
Net Income-$1,496,798
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.0
Gross Receipts
$3,582,746
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$59,662,372$58,165,574▼ $1,496,798
Cap Stk Tr Prin Current Funds$59,662,372$58,165,574▼ $1,496,798
Total Assets$59,662,372$58,165,574▼ $1,496,798
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,662,372$58,165,574▼ $1,496,798
Total Liabilities and Net Assets / Fund Balance$59,662,372$58,165,574▼ $1,496,798

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$57,753,296--
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$318,201$318,201

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
$2,331,201
Other Revenue
$0
Change in Net Assets
$-1,496,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,458,782
Salaries, Compensation, and Employee Benefits$318,201
Other Expenses$51,016
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,458,782--$3,458,782
Current Officers, Directors, Trustees, and Key Employees-$318,201-$318,201
All Other Expenses-$51,016-$51,016
Total Functional Expenses$3,458,782$369,217$0$3,827,999
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Cleveland Museum of ArtCleveland, OH107(b)(1)(A)Used for the Purchase of Works of Art.$3,458,782
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
EIN
34-6506884
Phone
2168134556
Address
4900 TIEDEMAN RD OH-01-49-0150, BROOKLYN, OH 44144

Signing Officer

Name
Keybank Byp S Chmura
Title
Vice President
Phone
2168134556
Signed
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
1945
Legal Domicile
Oh
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
1850 N CENTRAL AVE STE 700, PHOENIX, AZ 85004
Preparer
Jeffrey E Kuhlin
Phone
4123556000
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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/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt02369154
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt02380650
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt068720925
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt069054374
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt02369154
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt02380650
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340714336
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03458782
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLEVELAND MUSEUM OF ART
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IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt03458782
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0412278
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt157753296
IRS990ScheduleD/OtherSecuritiesGrp/Desc0KT SHORT TERM DEPOSIT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CLEVELAND MUSEUM OF ART FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueSecuritiesAmt058165574
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt03458782
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
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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
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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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt059662372
IRS990/TotalAssetsEOYAmt058165574
IRS990/TotalAssetsGrp/BOYAmt059662372
IRS990/TotalAssetsGrp/EOYAmt058165574
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0369217
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03458782
IRS990/TotalFunctionalExpensesGrp/TotalAmt03827999
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt058165574
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03458782
IRS990/TotalReportableCompFromOrgAmt0318201
IRS990/TotalRevenueGrp/ExclusionAmt0915264
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02331201
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059662372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt058165574
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEYBANK BYP S CHMURA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02168134556
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JOHN L SEVERANCE
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/ZIPCd044144
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134008324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01850 N CENTRAL AVE STE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHOENIX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085004
ReturnHeader/PreparerPersonGrp/PhoneNum04123556000
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY E KUHLIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-12T09:00:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,165,574
Liabilities
$0
Net assets
$58,165,574
Revenue
$2,331,201
Expenses
$3,827,999
Net income
-$1,496,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.1$0.00$64.1$13.0$4.17$8.87
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$0.00$55.4$2.02$4.21$2.20
2022Detailed filing. Detailed filing data is available for this year.$57.6$0.00$57.6$3.32$4.56$1.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.8$0.00$58.8$4.46$3.80$0.67
2020Detailed filing. Detailed filing data is available for this year.$58.2$0.00$58.2$2.33$3.83$1.50
2019Detailed filing. Detailed filing data is available for this year.$59.7$0.00$59.7$4.32$3.83$0.49