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Nonprofiteer
← CLEVELAND INSTITUTE OF MUSIC

Form 990 for tax year 2023

Filed by CLEVELAND INSTITUTE OF MUSIC.

Totals

Total revenue
$36,970,659
Total expenses
$31,843,624
Contributions and grants received
$12,220,718
Grants paid
$9,819,340
Program service revenue
$20,391,820
Investment income
$4,297,813
Other revenue
$60,308
Total assets, end of year
$152,914,752
Total liabilities, end of year
$45,083,906
Net assets or fund balances, end of year
$107,830,846
Program services expenses (Part IX)
$21,085,985
Management and general expenses
$8,899,526
Fundraising expenses
$1,858,113
Program service expenses (Part III)
$21,085,985

Program services were 66.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $9,550

  • 1e · Government grants (contributions)

    $1,156,426

  • 1f · All other contributions, gifts and grants

    $11,054,742

  • 1g · Noncash contributions included above

    $479,469

  • 2a · Program service revenue: TUITION AND FEES

    total $17,508,567 · related or exempt $17,508,567

  • 2b · Program service revenue: DORM REVENUE

    total $2,627,136 · related or exempt $2,627,136

  • 2c · Program service revenue: PARKING REVENUE

    total $51,884 · related or exempt $51,884

  • 2d · Program service revenue: TICKET SALES

    total $23,344 · related or exempt $23,344

  • 2e · Program service revenue: RECORDING SERVICES

    total $11,036 · related or exempt $11,036

  • 2f · All other program service revenue

    total $169,853 · related or exempt $169,853

  • 3 · Investment income

    total $1,971,710 · unrelated business $152,029 · excluded $1,819,681

  • 4 · Income from investment of tax-exempt bond proceeds

    total $569,336 · excluded $569,336

  • 6a · Gross rents

    real property $25,272

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,272

  • 6d · Net rental income or loss

    total $25,272 · unrelated business $2,320 · excluded $22,952

  • 7a · Gross sales of assets other than inventory

    securities $25,591,556 · other assets $23,408

  • 7b · Less cost or other basis and sales expenses

    securities $23,858,197 · other assets $0

  • 7c · Gain or loss

    securities $1,733,359 · other assets $23,408

  • 7d · Net gain or loss

    total $1,756,767 · excluded $1,756,767

  • 8a · Fundraising events: gross income

    $107,028

  • 8a · Fundraising events: contributions included on line 1c

    $9,550

  • 8b · Fundraising events: direct expenses

    $73,325

  • 8c · Net income from fundraising events

    total $33,703 · excluded $33,703

  • 11a · Other revenue: NET INCR.IN PERKINS ICC

    total $1,333 · related or exempt $1,333

  • 11e · Other revenue, total

    $1,333

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,819,340 · program services $9,819,340

  • 5 · Compensation of officers, directors and key employees

    total $1,422,413 · program services $22,575 · management and general $1,080,871 · fundraising $318,967

  • 7 · Other salaries and wages

    total $8,956,118 · program services $7,535,847 · management and general $420,989 · fundraising $999,282

  • 8 · Pension plan contributions

    total $449,852 · program services $258,836 · management and general $117,608 · fundraising $73,408

  • 9 · Other employee benefits

    total $642,845 · program services $448,672 · management and general $108,887 · fundraising $85,286

  • 10 · Payroll taxes

    total $746,572 · program services $560,588 · management and general $133,368 · fundraising $52,616

  • 11b · Fees: legal

    total $217,003 · program services $1,004 · management and general $210,707 · fundraising $5,292

  • 11c · Fees: accounting

    total $84,400 · management and general $84,400

  • 11d · Fees: lobbying

    total $77,500 · fundraising $77,500

  • 11f · Fees: investment management

    total $288,910 · management and general $288,910

  • 11g · Fees: other

    total $708,039 · program services $364,357 · management and general $288,335 · fundraising $55,347

  • 12 · Advertising and promotion

    total $106,675 · program services $69,413 · management and general $37,262

  • 13 · Office expenses

    total $619,956 · program services $273,047 · management and general $272,094 · fundraising $74,815

  • 14 · Information technology

    total $275,190 · program services $61,189 · management and general $164,576 · fundraising $49,425

  • 16 · Occupancy

    total $1,076,043 · program services $420,747 · management and general $655,296

  • 17 · Travel

    total $161,748 · program services $152,175 · management and general $9,116 · fundraising $457

  • 19 · Conferences, conventions and meetings

    total $172,719 · program services $89,613 · management and general $17,388 · fundraising $65,718

  • 20 · Interest

    total $2,204,285 · management and general $2,204,285

  • 22 · Depreciation, depletion and amortization

    total $2,930,341 · management and general $2,930,341

  • 23 · Insurance

    total $294,838 · program services $143,491 · management and general $151,347

  • 24a · Other expenses: AFFILIATE TUITION

    total $793,468 · program services $793,468

  • 24b · Other expenses: MISCELLANEOUS

    total $57,461 · program services $46,711 · management and general $10,750

  • 24c · Other expenses: BAD DEBT EXPENSE

    total -$262,092 · program services $24,912 · management and general -$287,004

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,611,245 · end of year $12,008,791

  • 3 · Pledges and grants receivable

    beginning of year $4,645,657 · end of year $9,525,482

  • 4 · Accounts receivable

    beginning of year $2,266,106 · end of year $331,286

  • 7 · Other notes and loans receivable

    beginning of year $343,175 · end of year $424,056

  • 9 · Prepaid expenses and deferred charges

    beginning of year $237,889 · end of year $186,113

  • 10a · Land, buildings and equipment: cost or other basis

    $92,402,192

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,028,114

  • 10c · Land, buildings and equipment, net

    beginning of year $60,100,806 · end of year $59,374,078

  • 11 · Investments: publicly traded securities

    beginning of year $38,187,740 · end of year $42,980,410

  • 12 · Investments: other securities

    beginning of year $26,578,219 · end of year $28,084,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,234,773 · end of year $2,948,330

  • 19 · Deferred revenue

    beginning of year $31,712 · end of year $68,895

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,466,682 · end of year $41,898,014

  • 25 · Other liabilities

    beginning of year $335,638 · end of year $168,667

  • 27 · Net assets without donor restrictions

    beginning of year $59,154,148 · end of year $65,045,322

  • 28 · Net assets with donor restrictions

    beginning of year $38,747,884 · end of year $42,785,524

Mission and programs · 2023

Mission

THE CLEVELAND INSTITUTE OF MUSIC'S MISSION IS TO EMPOWER THE WORLD'S MOST TALENTED CLASSICAL MUSIC STUDENTS TO FULFILL THEIR DREAMS AND POTENTIAL.

Activities or mission (Part I)

TO EMPOWER THE WORLD'S MOST TALENTED CLASSICAL MUSIC STUDENTS TO FULFILL THEIR DREAMS&POTENTIAL.

  • SEE SCHEDULE OTHE CLEVELAND INSTITUTE OF MUSIC IS ONE OF JUST SEVEN INDEPENDENT CONSERVATORIES OF MUSIC IN THE UNITED STATES, ONE OF THREE DEVOTED EXCLUSIVELY TO CLASSICAL MUSIC PERFORMANCE. CIM STUDENTS BENEFIT FROM ACCESS TO WORLD-RENOWNED VISITING ARTISTS AND CONDUCTORS, INTENSIVE STUDY WITH CIM'S STELLAR FACULTY AND THE RICH CURRICULUM OFFERED BY CIM'S PARTNER CASE WESTERN RESERVE UNIVERSITY. CIM'S GRADUATES COMMAND THE MOST CELEBRATED AND REVERED STAGES IN THE WORLD AS SOLOISTS, CHAMBER MUSICIANS AND ENSEMBLE MEMBERS; COMPOSE AWARD-WINNING REPERTOIRE; AND ARE SOUGHT-AFTER TEACHING ARTISTS, ADMINISTRATORS AND THOUGHT LEADERS. MORE THAN HALF OF THE MEMBERS OF THE CLEVELAND ORCHESTRA ARE CONNECTED TO CIM AS MEMBERS OF THE FACULTY, ALUMNI OR BOTH. CIM'S PREPARATORY AND CONTINUING EDUCATION PROVIDES PRIVATE AND GROUP LESSONS, CLASSES AND ENSEMBLES. CIM IS AN INTEGRAL PART OF CLEVELAND'S ARTS COMMUNITY PRESENTING 425 FREE PERFORMANCES AND MASTER CLASSES ON CAMPUS AND THROUGHOUT THE COMMUNITY THIS YEAR. DURING THIS FISCAL YEAR, CIM OFFERED APPROXIMATELY $9.8 MILLION OF SCHOLARSHIPS AND FINANCIAL AID TO ITS STUDENTS.

    Expenses $21,085,985 · Grants $9,819,340 · Revenue $20,393,153

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anderson A Chace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Baldassarre Carl E

    TRUSTEE(THROUGH 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • Ban Stephen P

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bassett Cynthia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beedles Michael W

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bittenbender Charles A

    TRUSTEE(THROUGH 12/2023)

    Total calculated
    $0
    Hours/week
    1

  • Bower Eric

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brown Daniel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Buescher Ann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carmi Irad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Conrad Robert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cook Bonnie

    TRUSTEE & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cooley III Charles P

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Davis Jeffrey M

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Geho Robert

    TRUSTEE&VICE CHAIR(THROUGH 9/23)

    Total calculated
    $0
    Hours/week
    1

  • Harvie C Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hipple Richard J

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kjome Peter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linton Jeffrey B

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Malcolm IV John

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marston Charles Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Meyerhoefer Trent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Miller MD Jonathan P

    TRUSTEE(THROUGH 2/2024)

    Total calculated
    $0
    Hours/week
    1

  • Mobley PhD Marilyn Sanders

    TRUSTEE(THROUGH 1/2024)

    Total calculated
    $0
    Hours/week
    1

  • Redmond Katrina

    TRUSTEE & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Riley Shawn M

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rothmann PhD Susan A

    TRUSTEE & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sciarappa Donna M

    TRUSTEE(THROUGH 6/2024)

    Total calculated
    $0
    Hours/week
    1

  • Schlang Elliott L

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Seidenfeld Astri

    TRUSTEE(THROUGH 12/2023)

    Total calculated
    $0
    Hours/week
    1

  • Stein Kevin

    TRUSTEE & VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Joseph H

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vigh Tracy

    TRUSTEE(THROUGH 12/2023)

    Total calculated
    $0
    Hours/week
    1

  • Watson Sanford E

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hogle Paul

    PRESIDENT/CEO

    Total calculated
    $611,258
    From this org
    $515,438
    From related orgs
    $0
    Other
    $95,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,438
    Bonus
    $0
    Other
    $0
    Deferred
    $70,500
    Nontaxable benefits
    $25,320
    Filer's total
    $611,258

  • Harrison Scott

    EXECUTIVE VP & PROVOST

    Total calculated
    $279,137
    From this org
    $227,077
    From related orgs
    $0
    Other
    $52,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,077
    Bonus
    $0
    Other
    $0
    Deferred
    $19,392
    Nontaxable benefits
    $32,668
    Filer's total
    $279,137

  • Foss Brian

    CFO

    Total calculated
    $211,426
    From this org
    $199,400
    From related orgs
    $0
    Other
    $12,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,400
    Bonus
    $0
    Other
    $0
    Deferred
    $10,667
    Nontaxable benefits
    $1,359
    Filer's total
    $211,426

  • Best Sarah

    ASST. SECRETARY

    Total calculated
    $33,801
    From this org
    $29,669
    From related orgs
    $0
    Other
    $4,132
    Hours/week
    40

  • Southern Dean

    VP ACADEMIC & STUDENT AFFAIRS, DEAN

    Total calculated
    $206,141
    From this org
    $193,727
    From related orgs
    $0
    Other
    $12,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,727
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,414
    Filer's total
    $206,141

  • Drohan Kathleen

    CHIEF MARKETING OFFICER

    Total calculated
    $171,457
    From this org
    $161,904
    From related orgs
    $0
    Other
    $9,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,904
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,553
    Filer's total
    $171,457

  • Irvine Jeffrey

    FACULTY

    Total calculated
    $166,834
    From this org
    $153,548
    From related orgs
    $0
    Other
    $13,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,548
    Bonus
    $0
    Other
    $0
    Deferred
    $12,052
    Nontaxable benefits
    $1,234
    Filer's total
    $166,834

  • Kaler Ilya

    FACULTY

    Total calculated
    $200,139
    From this org
    $149,560
    From related orgs
    $0
    Other
    $50,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,560
    Bonus
    $0
    Other
    $0
    Deferred
    $13,465
    Nontaxable benefits
    $37,114
    Filer's total
    $200,139

  • Robinson Sharon

    FACULTY

    Total calculated
    $156,624
    From this org
    $144,726
    From related orgs
    $0
    Other
    $11,898
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,726
    Bonus
    $0
    Other
    $0
    Deferred
    $11,029
    Nontaxable benefits
    $869
    Filer's total
    $156,624

  • Laredo Jaime

    FACULTY

    Total calculated
    $157,015
    From this org
    $144,701
    From related orgs
    $0
    Other
    $12,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,701
    Bonus
    $0
    Other
    $0
    Deferred
    $11,509
    Nontaxable benefits
    $805
    Filer's total
    $157,015

  • Kalmar Carlos

    FACULTY

    Total calculated
    $189,526
    From this org
    $187,500
    From related orgs
    $0
    Other
    $2,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,500
    Bonus
    $0
    Other
    $0
    Deferred
    $1,250
    Nontaxable benefits
    $776
    Filer's total
    $189,526

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
BENEFITS PROVIDED - THE INSTITUTE PAYS DUES FOR A SOCIAL CLUB FOR PRESIDENT HOGLE. HE USES THE CLUB EXCLUSIVELY FOR BUSINESS PURPOSES AND THEREFORE, HE DOES NOT RECOGNIZE TAXABLE INCOME FROM THIS BENEFIT.
PART I, LINE 1B
WRITTEN POLICY FOR REIMBURSEMENT - THE INSTITUTE PAYS THE SOCIAL CLUB DIRECTLY FOR MONTHLY DUES IN ACCORDANCE WITH PRESIDENT HOGLE'S EMPLOYMENT CONTRACT.
PART I, LINE 7
NON-FIXED PAYMENTS - THE INSTITUTE PROVIDES CERTAIN EMPLOYEES WITH INCENTIVE COMPENSATION (BONUSES) FOR ATTAINMENT OF GOALS ESTABLISHED DURING THE EMPLOYEE EVALUATION PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521359349303992

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