Form 990 for tax year 2024
Filed by JOHN HUNTINGTON ART & POLYTECHNIC TR.
Totals
- Total revenue
- $8,364,618
- Total expenses
- $9,702,190
- Contributions and grants received
- $0
- Grants paid
- $7,925,390
- Program service revenue
- $0
- Investment income
- $7,315,176
- Other revenue
- $1,049,442
- Total assets, end of year
- $144,975,041
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $144,975,041
- Program services expenses (Part IX)
- $7,925,390
- Management and general expenses
- $1,776,800
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,925,390
Program services were 81.7% 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 $3,729,001 · related or exempt $3,716,185 · unrelated business $12,816
-
4 · Income from investment of tax-exempt bond proceeds
total $24 · related or exempt $24
-
5 · Royalties
total $2,879 · related or exempt $2,880 · unrelated business -$1
-
6a · Gross rents
real property -$80
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property -$80
-
6d · Net rental income or loss
total -$80 · related or exempt -$1,983 · unrelated business $1,903
-
7a · Gross sales of assets other than inventory
securities $38,075,773 · other assets $7,664,075
-
7b · Less cost or other basis and sales expenses
securities $36,540,439 · other assets $5,613,258
-
7c · Gain or loss
securities $1,535,334 · other assets $2,050,817
-
7d · Net gain or loss
total $3,586,151 · related or exempt $3,124,075 · unrelated business $462,076
-
11a · Other revenue: OTHER INCOME (LOSS) FROM PASS-THR
total $921,687 · related or exempt $914,021 · unrelated business $7,666
-
11b · Other revenue: OTHER PORTFOLIO INCOME (LOSS) FRO
total $84,645 · related or exempt $80,215 · unrelated business $4,430
-
11c · Other revenue: ORDINARY INCOME (LOSS) FROM PASS-
total $39,960 · related or exempt -$7,153 · unrelated business $47,113
-
11d · All other revenue
total $351 · related or exempt $351
-
11e · Other revenue, total
$1,046,643
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,925,390 · program services $7,925,390
-
20 · Interest
total $259,336 · management and general $259,336
-
24a · Other expenses: OTHER DEDUCTIONS FROM P
total $736,534 · management and general $736,534
-
24b · Other expenses: OTHER PORTFOLIO DEDUCTI
total $620,669 · management and general $620,669
-
24c · Other expenses: FOREIGN TAX PAID BY PAS
total $97,590 · management and general $97,590
-
24d · Other expenses: SECTION 743(B) NEGATIVE
total $31,329 · management and general $31,329
-
24e · All other expenses
total $31,342 · management and general $31,342
Balance sheet
Part X, book values.
-
15 · Other assets
beginning of year $143,373,928 · end of year $144,975,041
-
29 · Capital stock, trust principal or current funds
beginning of year $143,373,928 · end of year $144,975,041
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
TO SUPPORT THE OPERATIONS OF THE CLEVELAND MUSEUM OF ART
Activities or mission (Part I)
OPERATION OF THE CLEVELAND MUSEUM OF ART
-
CONTRIBUTION OF FUNDS TOWARDS OPERATING EXPENSES OF THE CLEVELAND MUSEUM OF ART WHICH IS TAX-EXEMPT UNDER IRC SECTION 501(C)(3) AND HAS NON-PRIVATE FOUNDATION STATUS UNDER IRC SECTION 179(B)(1)(A)(VI)
Expenses $7,925,390 · Grants $7,925,390
As filed on the 2024 return.
Listed in Part VII
-
Steven R KestnerSTEVEN R KESTNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James A RatnerJAMES A RATNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel WalshDANIEL WALSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Rich FineLAUREN RICH FINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leigh CarterLEIGH CARTER
CHAIRPERSON/TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Loyal WilsonLOYAL WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward HemmelgarnEDWARD HEMMELGARN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle JeschelnigMICHELLE JESCHELNIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John WaltonJOHN WALTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen J Knerly JrSTEPHEN J KNERLY JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Annapurna ValluriANNAPURNA VALLURI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Russell J KlimczukRUSSELL J KLIMCZUK
ASSISTANT TREASURER
- Total calculated
- $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
-
$7,925,390
TO SUPPORT MUSEUM OPERATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · MAINTAINS A MUSEUM OF ART OF THE WIDEST SCOPE FOR THE BENEFIT OF THE PUBLIC. · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601349349301985
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