Form 990 for tax year 2022
Filed by CLEVELAND MUSEUM OF ART 2 GENERAL ENDOWMENT FUND TRUST.
Totals
- Total revenue
- $184,142
- Total expenses
- $244,124
- Contributions and grants received
- $0
- Grants paid
- $237,477
- Program service revenue
- $0
- Investment income
- $183,721
- Other revenue
- $421
- Total assets, end of year
- $3,280,429
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,280,429
- Program services expenses (Part IX)
- $237,477
- Management and general expenses
- $6,647
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $237,477
Program services were 97.3% 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.
-
3 · Investment income
total $52,479 · excluded $52,479
-
7a · Gross sales of assets other than inventory
securities $283,981
-
7b · Less cost or other basis and sales expenses
securities $152,739
-
7c · Gain or loss
securities $131,242
-
7d · Net gain or loss
total $131,242 · excluded $131,242
-
11d · All other revenue
total $421 · excluded $421
-
11e · Other revenue, total
$421
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $237,477 · program services $237,477
-
5 · Compensation of officers, directors and key employees
total $4,964 · management and general $4,964
-
11c · Fees: accounting
total $1,050 · management and general $1,050
-
24e · All other expenses
total $633 · management and general $633
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $32,724 · end of year $42,201
-
12 · Investments: other securities
beginning of year $3,307,686 · end of year $3,238,228
-
29 · Capital stock, trust principal or current funds
beginning of year $3,340,410 · end of year $3,280,429
Mission and programs · 2022
Mission
GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATEDOCTOBER 19, 1923 TO THE CLEVELAND MUSEUM OF ART. THE TRUSTEESARE DIRECTED TO PAY THE NET INCOME OF THE TRUST QUARTERLY TO AIDTHE CLEVELAND MUSEUM OF ART IN DEFRAYING ITS OPERATING EXPENSEAND FOR THE PURCHASE OF WORKS OF ART FOR THE MUSEUM. UNDER THEOHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSENTO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFVOR TRADITIONAL INCOME. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THE BENEFICIARY ORGANIZATION IN THE ATTAINMENTOF ITS MISSION.
-
GRANTS PAID TO CLEVELAND MUSUEM OF ART TO ASSIST WITH ITS OPERATING EXPENSES AND PURCHASE OF ART.
Expenses $237,477 · Grants $237,477
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Keybank NaKEYBANK NA
TRUSTEE
- Total calculated
- $4,964
- From this org
- $4,964
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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.
Grants on this return
-
$237,477
FOR OPERATING EXPENSES AND PURCHASE OF ART
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321289349302672
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