2025-05-12T12:11:10-05:00 2024-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2023-07-01 340714334 THE CLEVELAND INSTITUTE OF ART CLEV 2164217000 11610 EUCLID AVENUE CLEVELAND OH 44106 JOHN TORTELLI CFO & VP BUSINESS 2164217000 2025-05-12 1 0 CHRISTOPHER B ANDERSON P00226559 2163630100 2023 2025-03-06 01:10:19Z KATHRYN HEIDEMANN 11610 EUCLID AVENUE CLEVELAND OH 44106 59233527 0 X WWW.CIA.EDU X 1882 OH 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. 37 35 491 50 216084 0 12940041 4468160 28823727 29759170 1182302 3216730 404232 447221 43350302 37891281 13668384 14643390 0 0 12801449 12953520 0 0 1790416 10760968 11051802 37230801 38648712 6119501 -757431 121696519 123412363 29477396 30873658 92219123 92538705 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. 0 0 33617633 14643390 29990307 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 566 STUDENTS ENROLLED IN THE FALL OF 2023. 33617633 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 X 126 0 1 491 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 37 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X JOHN TORTELLI 2164217000 11610 EUCLID AVENUE CLEVELAND OH 44106 JOSIE ANDERSON DIRECTOR 1.00 X 0 0 0 FRAN BELKIN OFFICER OF BOARD 5.00 X X 0 0 0 AMY BENDALL DIRECTOR 1.00 X 0 0 0 MARIANNE BERNADOTTE DIRECTOR 1.00 X 0 0 0 WILLIAM BUSTA DIRECTOR 1.00 X 0 0 0 DAVID BUTTRAM DIRECTOR 1.00 X 0 0 0 FREDERICK W CLARKE OFFICER OF BOARD 5.00 X X 0 0 0 GROSVIE COOLEY DIRECTOR 1.00 X 0 0 0 RICHARD A DESICH JR DIRECTOR 1.00 X 0 0 0 RUTH SWETLAND EPPIG DIRECTOR 1.00 X 0 0 0 AUGUST FLUKER DIRECTOR 1.00 X 0 0 0 MARGARET FULTON-MUELLER DIRECTOR 1.00 X 0 0 0 CYNTHIA PRIOR OFFICER OF BOARD 8.00 X X 0 0 0 MATTHEW L GREENE DIRECTOR 1.00 X 0 0 0 HOWARD M GROEDEL OFFICER OF BOARD 5.00 X X 0 0 0 HEATHER HOLMES DIRECTOR 1.00 X 0 0 0 CURLEE RAVEN HOLTON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HOWSE DIRECTOR 1.00 X 0 0 0 JAMES D LINCOLN DIRECTOR 1.00 X 0 0 0 WILLIAM N MASTERS DIRECTOR 1.00 X 0 0 0 ANGELA MCDONALD-FISHER DIRECTOR 1.00 X 0 0 0 WARREN L MORRIS II DIRECTOR 1.00 X 0 0 0 JOHN MUELLER DIRECTOR 1.00 X 0 0 0 KIM NORDSTROM DIRECTOR 1.00 X 0 0 0 LAURA OSPANIK DIRECTOR 1.00 X 0 0 0 CONNIE OZAN DIRECTOR 1.00 X 0 0 0 PAUL PESSES DIRECTOR 1.00 X 0 0 0 MICHAEL PORT DIRECTOR 1.00 X 0 0 0 PETER J PRONOVOST MD PHD DIRECTOR 1.00 X 0 0 0 MARK REIGELMAN II DIRECTOR 1.00 X 0 0 0 SCOTT RICHARDSON DIRECTOR 1.00 X 0 0 0 KYLA EPSTEIN SCHNEIDER DIRECTOR 1.00 X 0 0 0 JOHN B SCHULZE OFFICER OF BOARD 5.00 X X 0 0 0 MICHAEL SCHWARTZ PHD OFFICER OF BOARD 5.00 X X 0 0 0 GREG S SHAW PHD DIRECTOR 1.00 X 0 0 0 LYNNE SHLONSKY DIRECTOR 1.00 X 0 0 0 ROBERT M SIEWERT CFA DIRECTOR 1.00 X 0 0 0 MARK SMITH DIRECTOR 1.00 X 0 0 0 CAREY L SPENCER DIRECTOR 1.00 X 0 0 0 JANET A SPREEN OFFICER OF BOARD 5.00 X X 0 0 0 CATHY STAMLER DIRECTOR 1.00 X 0 0 0 STEVEN D STANDLEY DIRECTOR 1.00 X 0 0 0 ELIZABETH F STUEBER DIRECTOR 1.00 X 0 0 0 MARTIN TARR DIRECTOR 1.00 X 0 0 0 AMY VINY DIRECTOR 1.00 X 0 0 0 TRACEY FORDE WEAVER DIRECTOR 1.00 X 0 0 0 SETH NAGELBERG DIRECTOR & FACULTY 40.00 X X 58801 0 20622 KATHRYN HEIDEMANN PRESIDENT 55.00 X X 354620 0 26255 JOHN TORTELLI CFO, VP BUSINESS 40.00 X 156901 0 681 GREG WATTS PROVOST, VP ACAD 40.00 X 185151 0 12493 MATTHEW MCKENNA ASSOC VP INFORMATION 40.00 X 115760 0 13009 JOSEPH B FERRITTO DIR OF FACILITIES 40.00 X 122279 0 13385 MARIE-LOUISE GUSTAVSSON-MONAGO VP INSTITUTIONAL ADV 40.00 X 155726 0 21544 CHARISE REID VP HUMAN RESOURCES 40.00 X 122900 0 6800 YVETTE SOBKY SHAFFER VP ENROLLMENT MGMT. 40.00 X 137841 0 17143 1409979 0 131932 9 0 1 0 CASE WESTERN RESERVE UNIVERSITY 10900 EUCLID AVE CLEVELAND OH 44106 STUDENT SUPPORT SVCS. 1436726 AJAPPJR UPTOWN II LLC PO BOX 14100 CLEVELAND OH 44114 RENTAL-STUDENT HOUSING 661907 ROYCE US PROTECTION SERVICE 4600 EUCLID AVE 4TH FLOOR CLEVELAND OH 44106 SECURITY 451062 JENZABAR PO BOX 845588 BOSTON MA 02284 ERP SYSTEM SERVICES 421010 CITY WIDE FACILITY SOLUTIONS 24950 COUNTRY CLUB BLVD NORTH OLMSTED OH 44070 CLEANING SERVICES 250951 11 673851 3794309 854839 4468160 TUITION AND FEES 900099 26552153 26552153 AUXILIARY SERVICES 900099 3207017 3207017 29759170 1518576 1518576 23040400 21342246 1698154 1698154 1698154 CINEMATHEQUE FILM PROG. 713910 216084 216084 OUTPUT CTR.PRINTING 561499 126782 126782 OTHER PROGRAMS 900099 104355 104355 447221 37891281 29990307 216084 3216730 14643390 14643390 790593 169910 437548 183135 9695022 8108483 972767 613772 253747 200333 34129 19285 1458792 1151716 196208 110868 755366 596361 101597 57408 48183 48183 87429 87429 60000 60000 128546 128546 476951 376553 64150 36248 709527 560172 95431 53924 394726 311636 53091 29999 791440 624842 106449 60149 2849172 2249421 383214 216537 6810 5376 916 518 137972 108929 18557 10486 854450 854450 2654755 2095929 357065 201761 221528 174896 29796 16836 EQUIP.LEASE/MAINT.CONTR 488017 385290 65638 37089 STUDENT HOUSING 399787 399787 STUDENT RECRUITING 140517 140517 LIBRARY 109752 109752 492240 349890 59949 82401 38648712 33617633 3240663 1790416 4649542 6202938 1126543 818651 3218316 2260779 807265 770940 0 4193300 2961605 1194584 95331467 39780529 57882507 55550938 41823863 37805951 3615000 815469 770168 8411409 10229114 121696519 123412363 1436648 1341583 1162929 1028009 16519049 16289507 10358770 12214559 29477396 30873658 X 58564123 57249272 33655000 35289433 92219123 92538705 121696519 123412363 -757431 1077013 0 X 0 1 X 1 1 1 X 4016627 6987147 7298439 12940041 4468160 35710414 4016627 6987147 7298439 12940041 4468160 35710414 4860101 30850313 979048 1081260 1538666 1287403 1518576 6404953 390711 202326 384445 404232 447221 1828935 43944302 144519447 0.70200 0.71790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 33557633 33617633 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 61504 60000 60000 60000 241504 250000 250000 250000 250000 1000000 1500000 X X X 0 26621918 1313121 2889076 583801 486079 3145000 26609235 19802762 5726439 2153477 558804 501956 26621918 22192155 826709 -2293932 476110 446060 19802762 18084243 156482 4822407 439777 431200 22192155 17569324 623431 746002 426397 428117 18084243 0.25034 0.63898 0.11068 1 0 372200 372200 84152280 29780632 54371648 10806987 9999897 807090 55550938 RIGHT-OF-USE ASSETS - OPERATING 9949114 FUNDED RESERVES 280000 10229114 PERKINS STUDENT LOANS, NET 827408 SCHELL LOANS, NET 100000 OTHER LIABILITIES 175415 OPERATING LEASE LIABILITIES 11111736 12214559 X 24196358 1077013 1077013 23119345 128546 14643390 14771936 37891281 23910357 33581 33581 23876776 128546 14643390 14771936 38648712 PART III, LINE 4: THE CLEVELAND INSTITUTE OF ART MAINTAINS A STUDY COLLECTION OF ARTWORK GENERALLY DONATED BY FACULTY AND OTHERS. THE STUDY COLLECTION IS USED FOR SCHOLARLY RESEARCH AND PUBLIC DISPLAY THROUGHOUT THE FACILITIES. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - THE INSTITUTE'S ENDOWMENT CONSISTS OF FUNDS FUNCTIONING AS ENDOWMENT AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS REPRESENTING ENDOWMENT GIFTS RESTRICTED IN PERPETUITY BY DONORS. THE INSTITUTE USES ITS ENDOWMENT FUNDS TO FURTHER ITS EXEMPT EDUCATIONAL PURPOSES. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT THAT IF THE INSTITUTE HAS ANY UNRELATED BUSINESS INCOME, SUCH INCOME WOULD BE SUBJECT TO TAXATION. THE INSTITUTE ADOPTED THE NEW PROVISIONS OF ASC TOPIC 740, "ACCOUNTING FOR INCOME TAXES," WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE PROVISIONS PRESCRIBE CERTAIN CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THESE PROVISIONS ALSO PROVIDE GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. INTEREST, IF ANY, WILL BE CLASSIFIED IN THE CONSOLIDATED FINANCIAL STATEMENTS AS A COMPONENT OF INTEREST EXPENSE AND STATUTORY PENALTIES, IF ANY, WILL BE CLASSIFIED AS A COMPONENT OF STATE AND LOCAL INCOME TAX EXPENSE. AS OF JUNE 30, 2024, THE INSTITUTE'S AND ITS SUBSIDIARIES' TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID IS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE ON PART IX OF FORM 990 14,643,390. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SUBSIDIARY 33,581. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID IS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE ON PART IX OF FORM 990 14,643,390. PART V, LINE 1F, CURRENT YEAR COLUMN - ADMIN.EXPENSES: THE AMOUNT OF $3,145,000 SHOWN ON THIS LINE REPRESENTS A BOARD-APPROVED LOAN IN CONNECTION WITH THE FORMATION AND FUNDING OF CLEVELAND INSTITUTE OF ART INNOVATION PROPERTIES, INC. THE LOAN IS EXPECTED TO BE REPAID WITH THE PROCEEDS OF FUTURE FUNDRAISING ACTIVITIES. THIS AMOUNT WAS NOT SPENT ON ADMINISTRATIVE EXPENSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S NON-DISCRIMINATION POLICY IS INCLUDED IN PUBLICATIONS, INCLUDING COURSE CATALOGS, AND ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE CLEVELAND INSTITUTE OF ART RECEIVES STUDENT FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. THE PROGRAM CONSISTS OF THE FOLLOWING: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION AND OPPORTUNITY GRANT PROGRAM, AND FEDERAL WORK STUDY PROGRAM. 1 STUDENT FINANCIAL AID 556 31500 14611890 FMV SEE PART IV BELOW PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE INSTITUTE ENSURES THAT ITS GRANTS OF FINANCIAL AID ARE USED BY STUDENTS FOR EDUCATIONAL PURPOSES BY CREDITING THE AID DIRECTLY TO THE STUDENTS' ACCOUNTS OR THROUGH ITS FINANCIAL AID COMPLIANCE PROCESS. THE INSTITUTE ALSO PROVIDES FUNDING FOR TRAVEL EXPENSES, WHICH HAS BEEN INCLUDED IN THE TOTAL ABOVE, FOR A SMALL NUMBER OF STUDENTS WHOSE PROJECT PROPOSALS HAVE BEEN APPROVED BY THE PRESIDENT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 KATHRYN HEIDEMANN PRESIDENT 354620 0 0 0 0 0 16500 0 9755 0 380875 0 0 0 GREG WATTS PROVOST, VP ACAD 185151 0 0 0 0 0 0 0 12493 0 197644 0 0 0 MARIE-LOUISE GUSTAVSSON-MONAGO VP INSTITUTIONAL ADV 155726 0 0 0 0 0 8259 0 13285 0 177270 0 0 0 JOHN TORTELLI CFO, VP BUSINESS 156901 0 0 0 0 0 0 0 681 0 157582 0 0 0 YVETTE SOBKY SHAFFER VP ENROLLMENT MGMT. 137841 0 0 0 0 0 0 0 17143 0 154984 0 0 0 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. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2018-09-19 17215000 PURCHASE STUD. RESID.HALL BLDG. 0 0 0 A 17799259 1081013 180052 355984 16181374 836 2018 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 X 0 N/A X 9 854839 FMV X INSTR.EQ.&SUPP. 8 0 N/A 0 0 1 1 PART I, LINE 32B: USE OF THIRD PARTIES - THE INSTITUTE UTILIZES THE SERVICES OF BROKERS TO SELL DONATED SECURITIES. THE FEES CHARGED BY THE BROKERS ARE AT OR BELOW FAIR MARKET VALUE. PART I, LINE 33: RECORDING REVENUE FOR CERTAIN GIFTS - THE INSTITUTE DID NOT RECORD REVENUE FOR GIFTS OF INSTRUCTIONAL SUPPLIES AND EQUIPMENT BECAUSE IT CONSIDERED THE AMOUNTS IMMATERIAL. FORM 990, PART I, LINE 5 AND PART V, LINE 2A: 2023 FORMS W-2 - THE TOTAL OF 491 OF FORMS W-2 ISSUED IN 2023 IS MADE UP OF THE FOLLOWING: STUDENTS ON WORK-STUDY PROGRAMS: 125; FACULTY AND ADMINISTRATIVE STAFF: 158; PART-TIME EMPLOYEES: 208. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY TO EXECUTIVE COMMITTEE - THE INSTITUTE'S CODE OF REGULATIONS GRANTS THE EXECUTIVE COMMITTEE THE FULL POWER TO ACT OF BEHALF OF THE BOARD BETWEEN MEETINGS OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - AFTER PREPARATION OF FORM 990 BY MANAGEMENT AND ITS INDEPENDENT PUBLIC ACCOUNTANTS, AND PRIOR TO FILING, THE AUDIT COMMITTEE REVIEWS THE FORM IN DETAIL AND MANAGEMENT DISTRIBUTES AN ELECTRONIC COPY OF THE FORM 990 TO THE VOTING MEMBERS OF THE BOARD OF DIRECTORS. IN ADDITION, THE AUDIT COMMITTEE REPORTS TO THE BOARD OF DIRECTORS A SUMMARY OF ITS REVIEW OF THE RETURN WITH ITS INDEPENDENT ACCOUNTANTS AT THE NEXT REGULARLY SCHEDULED BOARD MEETING, WHICH OCCURS AFTER THE FILING OF FORM 990. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO THE GOVERNING BODY - THE INSTITUTE HAS DISTRIBUTED AN ELECTRONIC COPY OF FORM 990 TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS BUT HAS REDACTED THE NAMES AND ADDRESSES OF DONORS FROM SCHEDULE B. BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE, THE INSTITUTE HAS CHOSEN NOT TO DISCLOSE THE IDENTITIES OF ITS DONORS TO THE BOARD, INCLUDING CASES IN WHICH THE DONOR WISHES TO REMAIN ANONYMOUS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION ON LINE 11A IN PART VI "NO" EVEN THOUGH THE BOARD RECEIVES ALL OF FORM 990 EXCEPT FOR DONORS' NAMES AND ADDRESSES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - EACH YEAR A CONFLICT OF INTEREST QUESTIONNAIRE IS GIVEN TO THE BOARD OF DIRECTORS, OFFICERS, AND CERTAIN OTHER EMPLOYEES TO BE COMPLETED. THE PRESIDENT AND OTHER ADMINISTRATORS REVIEW THE QUESTIONNAIRES. ANY CONFLICTS ARE THEN REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD. WHEN A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE PROPOSED TRANSACTION. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO HAVE NO CONFLICT OF INTEREST WITH THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD WHOSE MEMBERS ARE INDEPENDENT OF THE PRESIDENT. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA TO ENSURE REASONABLENESS OF COMPENSATION. THE SAME COMMITTEE ALSO REVIEWS COMPENSATION FOR VICE PRESIDENT POSITIONS AS PART OF THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CLEVELAND INSTITUTE OF ART INNOVATION PROPERTIES INC 11610 EUCLID AVE CLEVELAND OH 44106 991293586 TITLE HOLDING COMPANY OH 501(C)(2) CLEVELAND INSTITUTE OF ART 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 CLEVELAND INSTITUTE OF ART INNOVATION PROPERTIES INC D 6650000 FMV