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← CLEVELAND INSTITUTE OF ART

Form 990 for tax year 2022

Filed by CLEVELAND INSTITUTE OF ART.

Totals

Total revenue
$43,350,302
Total expenses
$37,230,801
Contributions and grants received
$12,940,041
Grants paid
$13,668,384
Program service revenue
$28,823,727
Investment income
$1,182,302
Other revenue
$404,232
Total assets, end of year
$121,696,519
Total liabilities, end of year
$29,477,396
Net assets or fund balances, end of year
$92,219,123
Program services expenses (Part IX)
$31,654,992
Management and general expenses
$3,448,537
Fundraising expenses
$2,127,272
Program service expenses (Part III)
$31,654,992

Program services were 85.0% 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)

    $1,032,856

  • 1f · All other contributions, gifts and grants

    $11,907,185

  • 1g · Noncash contributions included above

    $94,425

  • 2a · Program service revenue: TUITION AND FEES

    total $25,657,451 · related or exempt $25,657,451

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $3,166,276 · related or exempt $3,166,276

  • 3 · Investment income

    total $1,287,403 · excluded $1,287,403

  • 7a · Gross sales of assets other than inventory

    securities $1,136,305

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

    securities $1,241,406

  • 7c · Gain or loss

    securities -$105,101

  • 7d · Net gain or loss

    total -$105,101 · excluded -$105,101

  • 11a · Other revenue: CINEMATHEQUE FILM PROG.

    total $151,778 · unrelated business $151,778

  • 11b · Other revenue: OUTPUT CTR.PRINTING

    total $134,741 · related or exempt $134,741

  • 11c · Other revenue: OTHER PROGRAMS

    total $117,713 · related or exempt $117,713

  • 11e · Other revenue, total

    $404,232

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,668,384 · program services $13,668,384

  • 5 · Compensation of officers, directors and key employees

    total $800,442 · program services $177,320 · management and general $440,009 · fundraising $183,113

  • 7 · Other salaries and wages

    total $9,597,435 · program services $7,846,722 · management and general $1,034,410 · fundraising $716,303

  • 8 · Pension plan contributions

    total $248,391 · program services $191,683 · management and general $35,222 · fundraising $21,486

  • 9 · Other employee benefits

    total $1,396,693 · program services $1,077,828 · management and general $198,051 · fundraising $120,814

  • 10 · Payroll taxes

    total $758,488 · program services $585,325 · management and general $107,554 · fundraising $65,609

  • 11b · Fees: legal

    total $49,140 · management and general $49,140

  • 11c · Fees: accounting

    total $87,455 · management and general $87,455

  • 11d · Fees: lobbying

    total $60,000 · fundraising $60,000

  • 11f · Fees: investment management

    total $124,048 · management and general $124,048

  • 11g · Fees: other

    total $549,183 · program services $423,805 · management and general $77,874 · fundraising $47,504

  • 12 · Advertising and promotion

    total $767,403 · program services $592,205 · management and general $108,818 · fundraising $66,380

  • 13 · Office expenses

    total $389,542 · program services $300,610 · management and general $55,237 · fundraising $33,695

  • 14 · Information technology

    total $661,857 · program services $510,755 · management and general $93,851 · fundraising $57,251

  • 16 · Occupancy

    total $2,595,195 · program services $2,002,712 · management and general $367,999 · fundraising $224,484

  • 17 · Travel

    total $50,637 · program services $39,077 · management and general $7,180 · fundraising $4,380

  • 19 · Conferences, conventions and meetings

    total $121,114 · program services $93,464 · management and general $17,174 · fundraising $10,476

  • 20 · Interest

    total $860,710 · program services $664,210 · management and general $122,049 · fundraising $74,451

  • 22 · Depreciation, depletion and amortization

    total $2,679,664 · program services $2,067,897 · management and general $379,976 · fundraising $231,791

  • 23 · Insurance

    total $184,847 · program services $142,647 · management and general $26,211 · fundraising $15,989

  • 24a · Other expenses: STUDENT HOUSING

    total $387,641 · program services $387,641

  • 24b · Other expenses: EQUIP.LEASE/MAINT.CONTR

    total $364,524 · program services $281,303 · management and general $51,690 · fundraising $31,531

  • 24c · Other expenses: STUDENT RECRUITING

    total $156,229 · program services $156,229

  • 24d · Other expenses: FUNDRAISING

    total $122,615 · fundraising $122,615

  • 24e · All other expenses

    total $549,164 · program services $445,175 · management and general $64,589 · fundraising $39,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,114,881 · end of year $4,649,542

  • 2 · Savings and temporary cash investments

    beginning of year $1,093,239 · end of year $1,126,543

  • 3 · Pledges and grants receivable

    beginning of year $1,435,592 · end of year $3,218,316

  • 4 · Accounts receivable

    beginning of year $1,067,394 · end of year $807,265

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,037,576 · end of year $2,961,605

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

    $95,008,280

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

    $37,125,773

  • 10c · Land, buildings and equipment, net

    beginning of year $60,267,394 · end of year $57,882,507

  • 11 · Investments: publicly traded securities

    beginning of year $30,117,324 · end of year $41,823,863

  • 13 · Investments: program-related

    beginning of year $848,226 · end of year $815,469

  • 15 · Other assets

    beginning of year $8,834,367 · end of year $8,411,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,461,905 · end of year $1,436,648

  • 19 · Deferred revenue

    beginning of year $528,245 · end of year $1,162,929

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,733,652 · end of year $16,519,049

  • 25 · Other liabilities

    beginning of year $10,691,427 · end of year $10,358,770

  • 27 · Net assets without donor restrictions

    beginning of year $59,260,388 · end of year $58,564,123

  • 28 · Net assets with donor restrictions

    beginning of year $25,140,376 · end of year $33,655,000

Mission and programs · 2022

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, CONTEMPORARTY CRAFTSPEOPLE AND EDUCATORS. STUDENTS EARN A BACHELOR OF FINE ARTS DEGREE UPON SUCCESSFUL COMPLETION OF THE PROGRAM. THE UNDERGRADUATE PROGRAM HAD 584 STUDENTS ENROLLED IN THE FALL OF 2022.

    Expenses $31,654,992 · Grants $13,668,384 · Revenue $29,076,181

As filed on the 2022 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

  • DAVID BUTTRAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN M CENCULA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK W CLARKE

    OFFICER OF BOARD

    Total calculated
    $0
    Hours/week
    5

  • GROSVIE COOLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A DESICH JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUTH SWETLAND EPPIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHA B EVERETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AUGUST FLUKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • CURLEE RAVEN HOLTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER M LANGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES D LINCOLN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM N MASTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WARREN L MORRIS II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM NORDSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN W NOTTINGHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA OSPANIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CONNIE OZAN

    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 MD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK REIGELMANN II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLA EPSTEIN SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN B SCHULZE

    OFFICER OF BOARD

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL SCHWARTZ PH D

    OFFICER OF BOARD

    Total calculated
    $0
    Hours/week
    5

  • GREG S SHAW PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNNE SHLONSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT M SIEWERT CFA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDSON E SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK SMITH

    OFFICER OF BOARD

    Total calculated
    $0
    Hours/week
    5

  • 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

  • STEVEN D STANDLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH F STUEBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN TARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY VINY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACEY FORDE WEAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN HEIDEMANN

    PRESIDENT

    Total calculated
    $316,482
    From this org
    $288,222
    From related orgs
    $0
    Other
    $28,260
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $288,222
    Bonus
    $0
    Other
    $0
    Deferred
    $15,025
    Nontaxable benefits
    $13,235
    Filer's total
    $316,482

  • SCOTT LIGON

    FACULTY

    Total calculated
    $80,817
    From this org
    $70,872
    From related orgs
    $0
    Other
    $9,945
    Hours/week
    40

  • JOHN J TORTELLI

    CFO, VP BUSINESS

    Total calculated
    $152,361
    From this org
    $151,793
    From related orgs
    $0
    Other
    $568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,793
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $568
    Filer's total
    $152,361

  • DANIEL CUFFARO

    FACULTY

    Total calculated
    $130,907
    From this org
    $115,266
    From related orgs
    $0
    Other
    $15,641
    Hours/week
    40

  • JOSEPH FERRITTO

    DIR OF FACILITIES

    Total calculated
    $134,099
    From this org
    $120,935
    From related orgs
    $0
    Other
    $13,164
    Hours/week
    40

  • MARIE-LOUISE GUSTAVSSON-MONAGO

    VP INSTITUTIONAL ADV

    Total calculated
    $173,815
    From this org
    $153,734
    From related orgs
    $0
    Other
    $20,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,734
    Bonus
    $0
    Other
    $0
    Deferred
    $7,828
    Nontaxable benefits
    $12,253
    Filer's total
    $173,815

  • CHARISE REID

    VP HUMAN RESOURCE

    Total calculated
    $147,382
    From this org
    $120,883
    From related orgs
    $0
    Other
    $26,499
    Hours/week
    40

  • YVETTE SOBKY SHAFFER

    VP ENROLLMENT MGT

    Total calculated
    $152,977
    From this org
    $137,544
    From related orgs
    $0
    Other
    $15,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,544
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,433
    Filer's total
    $152,977

  • GRAFTON NUNES

    FORMER PRESIDENT

    Total calculated
    $316,778
    From this org
    $241,584
    From related orgs
    $0
    Other
    $75,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,584
    Bonus
    $93,000
    Other
    $0
    Deferred
    $10,969
    Nontaxable benefits
    $64,225
    Filer's total
    $316,778

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - THE INSTITUTE SPONSORS A SECTION 457(B) PLAN FOR CERTAIN EXECUTIVES. CONTRIBUTIONS TO THE PLAN ARE ENTIRELY MADE UP OF SALARY DEFERRALS FROM THE PARTICIPANTS. THERE IS NO EMPLOYER MATCH OR OTHER EMPLOYER CONTRIBUTION TO THIS PLAN. IN 2022, GRAFTON NUNES MADE A SALARY DEFERRAL CONTRIBUTION OF $20,500.
PART II, COLUMN D - ADDITIONAL INFORMATION REGARDING BENEFITS:
NONTAXABLE BENEFITS FOR GRAFTON NUNES SHOWN ON SCHEDULE J, PART II, COLUMN D AND FORM 990, PART VII, COLUMN F INCLUDE $59,500 FOR THE ESTIMATED BENEFIT VALUE OF TUITION SCHOLARSHIPS FOR DEPENDENT CHILDREN THROUGH THE TUITION EXCHANGE PROGRAM, A RECIPROCAL EDUCATIONAL SCHOLARSHIP PROGRAM BETWEEN MEMBER INSTITUTIONS, OF WHICH THE INSTITUTE IS A MEMBER. THE TUITION EXCHANGE PROGRAM IS OPEN TO ALL FULL-TIME EMPLOYEES WHO HAVE COMPLETED ONE YEAR OF SERVICE.

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
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202401279349301020

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