Totals
- Total revenue
- $46,109,243
- Total expenses
- $39,395,906
- Contributions and grants received
- $14,357,460
- Grants paid
- $14,880,609
- Program service revenue
- $29,414,026
- Investment income
- $1,924,027
- Other revenue
- $413,730
- Total assets, end of year
- $128,787,251
- Total liabilities, end of year
- $29,654,757
- Net assets or fund balances, end of year
- $99,132,494
- Program services expenses (Part IX)
- $34,522,936
- Management and general expenses
- $3,050,944
- Fundraising expenses
- $1,822,026
- Program service expenses (Part III)
- $34,522,936
Program services were 87.6% 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.
-
1e · Government grants (contributions)
$1,039,975
-
1f · All other contributions, gifts and grants
$13,317,485
-
1g · Noncash contributions included above
$117,031
-
2a · Program service revenue: TUITION AND FEES
total $26,316,257 · related or exempt $26,316,257
-
2b · Program service revenue: AUXILIARY SERVICES
total $3,097,769 · related or exempt $3,097,769
-
3 · Investment income
total $1,764,888 · excluded $1,764,888
-
6a · Gross rents
real property $4,147
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $4,147
-
6d · Net rental income or loss
total $4,147 · excluded $4,147
-
7a · Gross sales of assets other than inventory
securities $2,901,627
-
7b · Less cost or other basis and sales expenses
securities $2,742,488
-
7c · Gain or loss
securities $159,139
-
7d · Net gain or loss
total $159,139 · excluded $159,139
-
11a · Other revenue: CINEMATHEQUE FILM PROG.
total $233,518 · unrelated business $233,518
-
11b · Other revenue: OUTPUT CTR.PRINTING
total $116,485 · related or exempt $116,485
-
11c · Other revenue: OTHER PROGRAMS
total $59,580 · related or exempt $59,580
-
11e · Other revenue, total
$409,583
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $14,880,609 · program services $14,880,609
-
5 · Compensation of officers, directors and key employees
total $793,952 · program services $169,749 · management and general $438,668 · fundraising $185,535
-
7 · Other salaries and wages
total $9,721,135 · program services $8,270,711 · management and general $848,379 · fundraising $602,045
-
8 · Pension plan contributions
total $273,298 · program services $219,376 · management and general $33,452 · fundraising $20,470
-
9 · Other employee benefits
total $1,487,632 · program services $1,194,122 · management and general $182,086 · fundraising $111,424
-
10 · Payroll taxes
total $755,929 · program services $606,784 · management and general $92,526 · fundraising $56,619
-
11b · Fees: legal
total $43,778 · management and general $43,778
-
11c · Fees: accounting
total $102,450 · management and general $102,450
-
11d · Fees: lobbying
total $65,000 · fundraising $65,000
-
11f · Fees: investment management
total $128,340 · management and general $128,340
-
11g · Fees: other
total $915,569 · program services $734,927 · management and general $112,066 · fundraising $68,576
-
12 · Advertising and promotion
total $718,994 · program services $577,136 · management and general $88,005 · fundraising $53,853
-
13 · Office expenses
total $415,491 · program services $333,515 · management and general $50,856 · fundraising $31,120
-
14 · Information technology
total $775,376 · program services $622,394 · management and general $94,906 · fundraising $58,076
-
16 · Occupancy
total $2,697,003 · program services $2,164,884 · management and general $330,113 · fundraising $202,006
-
17 · Travel
total $11,928 · program services $9,575 · management and general $1,460 · fundraising $893
-
19 · Conferences, conventions and meetings
total $122,997 · program services $98,730 · management and general $15,055 · fundraising $9,212
-
20 · Interest
total $776,708 · program services $776,708
-
22 · Depreciation, depletion and amortization
total $2,581,310 · program services $2,072,018 · management and general $315,952 · fundraising $193,340
-
23 · Insurance
total $238,982 · program services $191,831 · management and general $29,251 · fundraising $17,900
-
24a · Other expenses: EQUIP.LEASE/MAINT.CONTR
total $620,491 · program services $498,068 · management and general $75,948 · fundraising $46,475
-
24b · Other expenses: STUDENT HOUSING
total $388,503 · program services $388,503
-
24c · Other expenses: STUDENT RECRUITING
total $159,349 · program services $159,349
-
24d · Other expenses: LIBRARY
total $109,276 · program services $109,276
-
24e · All other expenses
total $611,806 · program services $444,671 · management and general $67,653 · fundraising $99,482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,202,938 · end of year $2,225,918
-
2 · Savings and temporary cash investments
beginning of year $818,651 · end of year $818,976
-
3 · Pledges and grants receivable
beginning of year $2,260,779 · end of year $1,200,036
-
4 · Accounts receivable
beginning of year $770,940 · end of year $624,337
-
7 · Other notes and loans receivable
beginning of year $4,193,300 · end of year $4,193,300
-
9 · Prepaid expenses and deferred charges
beginning of year $1,194,584 · end of year $1,096,895
-
10a · Land, buildings and equipment: cost or other basis
$95,563,732
-
10b · Land, buildings and equipment: accumulated depreciation
$42,361,840
-
10c · Land, buildings and equipment, net
beginning of year $55,550,938 · end of year $53,201,892
-
11 · Investments: publicly traded securities
beginning of year $37,805,951 · end of year $51,860,676
-
12 · Investments: other securities
beginning of year $3,615,000 · end of year $3,615,000
-
13 · Investments: program-related
beginning of year $770,168 · end of year $352,873
-
15 · Other assets
beginning of year $10,229,114 · end of year $9,597,348
-
17 · Accounts payable and accrued expenses
beginning of year $1,341,583 · end of year $1,202,399
-
19 · Deferred revenue
beginning of year $1,028,009 · end of year $1,112,636
-
20 · Tax-exempt bond liabilities
beginning of year $16,289,507 · end of year $16,050,028
-
25 · Other liabilities
beginning of year $12,214,559 · end of year $11,289,694
-
27 · Net assets without donor restrictions
beginning of year $57,249,272 · end of year $52,861,906
-
28 · Net assets with donor restrictions
beginning of year $35,289,433 · end of year $46,270,588
Mission and programs · 2024
Mission
THE MISSION STATEMENT OF THE CLEVELAND INSTITUTE OF ART IS AS FOLLOWS: TO CULTIVATE CREATIVE LEADERS WHO INSPIRE PEOPLE, STRENGTHEN COMMUNITIES, AND CONTRIBUTE TO A THRIVING AND SUSTAINABLE ECONOMY THROUGH AN INNOVATIVE EDUCATION IN ART AND DESIGN.
Activities or mission (Part I)
TO CULTIVATE CREATIVE LEADERS WHO INSPIRE PEOPLE, STRENGTHEN COMMUNITIES, AND CONTRIBUTE TO A THRIVING AND SUSTAINABLE ECONOMY THROUGH AN INNOVATIVE EDUCATION IN ART AND DESIGN.
-
CLEVELAND INSTITUTE OF ART IS ONE OF THE NATION'S LEADING ACCREDITED INDEPENDENT COLLEGES OF ART AND DESIGN. SINCE 1882, THE COLLEGE HAS BEEN AN EDUCATIONAL AND CULTURAL CORNERSTONE IN CLEVELAND, OHIO, PRODUCING GRAUDATES COMPETITIVE AS STUDIO ARTISTS, DESIGNERS, PHOTOGRAPHERS, CONTEMPORARY CRAFTSPEOPLE AND EDUCATORS. STUDENTS EARN A BACHELOR OF FINE ARTS DEGREE UPON SUCCESSFUL COMPLETION OF THE PROGRAM. THE UNDERGRADUATE PROGRAM HAD 545 STUDENTS ENROLLED IN THE FALL OF 2024.
Expenses $34,522,936 · Grants $14,880,609 · Revenue $29,590,091
As filed on the 2024 return.
Listed in Part VII
-
JOSIE ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRAN BELKIN
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 5
-
AMY BENDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARIANNE BERNADOTTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM BUSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA CODISPOTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GROSVIE COOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUTH SWETLAND EPPIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AUGUST FLUKER
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 5
-
MARGARET FULTON-MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CYNTHIA PRIOR GASCOIGNE
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 8
-
MATTHEW L GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HOWARD M GROEDEL
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 5
-
HEATHER HOLMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CURLEE RAVEN HOLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER HOWSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES KEENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES D LINCOLN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOSE LONGORIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SVETLANA LOSHAKOV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM N MASTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA MCDONALD-FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MUELLER
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 5
-
KIM NORDSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA OSPANIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL PESSES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL PORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETER J PRONOVOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK REIGELMANN II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KYLA EPSTEIN SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREG S SHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNNE SHLONSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT M SIEWERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAREY L SPENCER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JANET A SPREEN
OFFICER OF BOARD
- Total calculated
- $0
- Hours/week
- 5
-
CATHY STAMLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARTIN TARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATHRYN HEIDEMANN
PRESIDENT & DIRECTOR
- Total calculated
- $383,312
- From this org
- $355,765
- From related orgs
- $0
- Other
- $27,547
- Hours/week
- 55 + 1 related
Schedule J breakdown matched by us
- Base
- $355,765
- Bonus
- $0
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $10,297
- Filer's total
- $383,312
-
TONY INGRISANO
DIRECTOR & FACULTY
- Total calculated
- $84,170
- From this org
- $68,212
- From related orgs
- $0
- Other
- $15,958
- Hours/week
- 1
-
JOHN TORTELLI
CFO, VP BUSINESS
- Total calculated
- $165,722
- From this org
- $157,429
- From related orgs
- $0
- Other
- $8,293
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $157,429
- Bonus
- $0
- Other
- $0
- Deferred
- $7,676
- Nontaxable benefits
- $617
- Filer's total
- $165,722
-
GREG WATTS
PROVOST, VP ACAD
- Total calculated
- $199,162
- From this org
- $182,095
- From related orgs
- $0
- Other
- $17,067
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,095
- Bonus
- $0
- Other
- $0
- Deferred
- $4,656
- Nontaxable benefits
- $12,411
- Filer's total
- $199,162
-
JOSEPH B FERRITTO
DIR OF FACILITIES
- Total calculated
- $135,574
- From this org
- $122,232
- From related orgs
- $0
- Other
- $13,342
- Hours/week
- 40
-
MATTHEW MCKENNA
ASSOC VP INFORMATION
- Total calculated
- $129,540
- From this org
- $116,527
- From related orgs
- $0
- Other
- $13,013
- Hours/week
- 40
-
MARIE-LOUISE GUSTAVSSON-MONAGO
VP INSTITUTIONAL ADV
- Total calculated
- $180,051
- From this org
- $163,452
- From related orgs
- $0
- Other
- $16,599
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,452
- Bonus
- $0
- Other
- $0
- Deferred
- $8,286
- Nontaxable benefits
- $8,313
- Filer's total
- $180,051
-
CHARISE REID
VP HUMAN RESOURCES
- Total calculated
- $129,819
- From this org
- $123,011
- From related orgs
- $0
- Other
- $6,808
- Hours/week
- 40
-
YVETTE SOBKY SHAFFER
VP ENROLLMENT MGMT
- Total calculated
- $162,880
- From this org
- $138,729
- From related orgs
- $0
- Other
- $24,151
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,729
- Bonus
- $0
- Other
- $0
- Deferred
- $7,038
- Nontaxable benefits
- $17,113
- Filer's total
- $162,880
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- BENEFITS PROVIDED TO CERTAIN EMPLOYEES - THE INSTITUTE PAYS FOR DUES TO A SOCIAL CLUB FOR ITS PRESIDENT, KATHRYN HEIDEMANN. MS. HEIDEMANN USES THE CLUB ENTIRELY FOR BUSINESS PURPOSES, AND ACCORDINGLY, SHE DOES NOT REALIZE ANY TAXABLE INCOME FROM THE PAYMENTS.
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.
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.
-
CLEVELAND INSTITUTE OF ART INNOVATION PROPERTIES INC
501(C)(2) · TITLE HOLDING COMPANY · OH · controlled entity
Directly controlled by CLEVELAND INSTITUTE OF ART
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601339349301305
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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