2020-05-29T11:28:02-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 500 AUBURN HILLS MI 48326 990 2018-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 RODERICK SPEARIN COO 2486453000 2020-05-26 1 LYNNE HUISMANN P00053811 2483757100 2020-05-26 73.161.36.242 2020-05-26 08:24:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EBB51160BF2136090E0706D858221EDFD566B897 2018 2021-01-29 14:40:06Z DOMINIC DIMARCO PO BOX 801 BLOOMFIELD HILLS MI 483030801 126089400 0 X WWW.CRANBROOK.EDU X 1973 MI THE CRANBROOK EDUCATIONAL COMMUNITY PROVIDES EXTRAORDINARY EDUCATION, ENCOURAGES CREATIVITY AND INNOVATION, AND VALUES LEARNERS OF ALL AGES AND BACKGROUNDS. CRANBROOK DEVELOPS PEOPLE WHO WILL LIVE WITH PURPOSE AND INTEGRITY, CREATE WITH PASSION, EXPLORE WITH CURIOSITY, AND STRIVE FOR EXCELLENCE. 32 32 1322 1080 -131434 -143926 15391884 18031756 55324411 57672927 1413016 12651014 324108 229468 72453419 88585165 1920818 2334797 0 0 47011941 47627554 90690 111405 4787191 36126355 35275968 85149804 85349724 -12696385 3235441 426989515 438204743 94866396 100139256 332123119 338065487 X THE CRANBROOK EDUCATIONAL COMMUNITY PROVIDES EXTRAORDINARY EDUCATION, ENCOURAGES CREATIVITY AND INNOVATION, AND VALUES LEARNERS OF ALL AGES AND BACKGROUNDS. CRANBROOK DEVELOPS PEOPLE WHO WILL LIVE WITH PURPOSE AND INTEGRITY, CREATE WITH PASSION, EXPLORE WITH CURIOSITY, AND STRIVE FOR EXCELLENCE. 0 0 52373247 1654597 51340495 CRANBROOK SCHOOLS ARE INDEPENDENT DAY AND BOARDING SCHOOLS THAT PROVIDE STUDENTS WITH A CHALLENGING AND COMPREHENSIVE COLLEGE PREPARATORY EDUCATION. WE MOTIVATE STUDENTS FROM DIVERSE BACKGROUNDS TO STRIVE FOR INTELLECTUAL, CREATIVE, AND PHYSICAL EXCELLENCE, TO DEVELOP A DEEP APPRECIATION FOR THE ARTS AND DIFFERENT CULTURES, AND TO EMPLOY THE TECHNICAL TOOLS OF OUR MODERN AGE. OUR SCHOOLS SEEK TO INSTILL IN STUDENTS A STRONG SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY, THE ABILITY TO THINK CRITICALLY, AND THE COMPETENCE TO COMMUNICATE AND CONTRIBUTE IN AN INCREASINGLY GLOBAL COMMUNITY. FALL 2018 ENROLLMENT WAS 1,664 STUDENTS, 814 STUDENTS WERE GRADES 9TH THRU 12TH, OF THOSE 256 WERE BOARDING STUDENTS. LOWER SCHOOL PRE-K THRU 5TH GRADE, 499 STUDENTS, MIDDLE SCHOOL GRADES 6TH THRU 8TH WERE 351 STUDENTS. 8364268 680200 4611135 CRANBROOK ACADEMY OF ART IS AN INDEPENDENT GRADUATE DEGREE-GRANTING INSTITUTION OFFERING AN INTENSE STUDIO-BASED EXPERIENCE WHERE ARTISTS-IN-RESIDENCE MENTOR STUDENTS IN ART, ARCHITECTURE AND DESIGN TO CREATIVELY INFLUENCE CONTEMPORARY CULTURE. FALL ENROLLMENT WAS 141 STUDENTS. CRANBROOK ART MUSEUM ACTIVELY ENGAGES THE VIEWER TO DISCOVER RELEVANT, TRANSFORMATIVE, AND SIGNIFICANT MOMENTS IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN. WE BRING TOGETHER PEOPLE FROM DETROIT AND OUR REGION, THE CRANBROOK COMMUNITY, AND SOCIETY AT LARGE TO PROVOKE NEW IDEAS. WE ACHIEVE THIS AT CRANBROOK EDUCATIONAL COMMUNITY, A NATIONAL HISTORIC LANDMARK, WHERE THE PURSUIT OF KNOWLEDGE AND INNOVATION IS PARAMOUNT. THE ART MUSEUM ATTENDENCE FOR 2018 WAS 45,887; WITH A MEMBERSHIP OF 827 MEMBERS. 4599651 0 1581291 THE CRANBROOK INSTITUTE OF SCIENCE MISSION IS TO ADVANCE SCIENTIFIC LITERACY, NURTURE CURIOSITY AND ENCOURAGE ADVOCACY FOR THE NATURAL AND CULTURAL WORLDS IN WHICH WE LIVE. THE SCIENCE MUSEUM ATTENDANCE FOR 2018 WAS 164,909; WITH A MEMBERSHIP OF 4,564 MEMBERS. 4287315 0 140006 THE CRANBROOK CENTER FOR COLLECTIONS AND RESEARCH REVEALS THE CRANBROOK STORY AND OFFERS INTELLECTUAL AND EXPERIENTIAL ENGAGEMENT WITH ITS LEGACY. BY SUSTAINING AND INTERPRETING THE COMMUNITY'S UNPARALLELED LANDSCAPE, ARCHITECTURE, COLLECTIONS, AND ARCHIVES, THE CENTER PROVIDES MEMORABLE EDUCATIONAL EXPERIENCES AND MEANINGFUL RESEARCH OPPORTUNITIES FOR REGIONAL, NATIONAL, AND INTERNATIONAL AUDIENCES. 4287315 0 140006 69624481 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 297 2 1 1322 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KRISTINE L FLESZAR CHIEF FINANCIAL OFFICER 2486453110 PO BOX 801 BLOOMFIELD HILLS MI 483030801 BRUCE D PETERSON TRUSTEE - CHAIR 1.00 X X 0 0 0 ADELE ACHESON TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 LINDA H GILLUM TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 JEFFREY A HARRIS TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 STEPHEN R POLK TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 MICHAEL H ACHESON TRUSTEE 1.00 X 0 0 0 PAMELA ANN APPLEBAUM TRUSTEE 1.00 X 0 0 0 MICHAEL E BERGER TRUSTEE 1.00 X 0 0 0 RICHARD L DEVORE TRUSTEE 1.00 X 0 0 0 JAMISON WILLIAMS FALISKI TRUSTEE 1.00 X 0 0 0 MAXINE FRANKEL TRUSTEE 1.00 X 0 0 0 JENNIFER GILBERT TRUSTEE 1.00 X 0 0 0 WILLIAM KM GOLDSMITH TRUSTEE 1.00 X 0 0 0 REJJI P HAYES TRUSTEE 1.00 X 0 0 0 JAMES KELLY TRUSTEE 1.00 X 0 0 0 BROCK R LANDRY TRUSTEE 1.00 X 0 0 0 TREVOR F LAUER TRUSTEE 1.00 X 0 0 0 LESLIE LI TRUSTEE 1.00 X 0 0 0 MARK L REUSS TRUSTEE 1.00 X 0 0 0 WARREN E ROSE TRUSTEE 1.00 X 0 0 0 ALLAN ROTHFEDER TRUSTEE 1.00 X 0 0 0 GEOFFREY C SCHICIANO TRUSTEE 1.00 X 0 0 0 SIDHDHARTH D SHETH TRUSTEE 1.00 X 0 0 0 SANDRA A SMITH TRUSTEE 1.00 X 0 0 0 ROBERT S TAUBMAN TRUSTEE 1.00 X 0 0 0 RICHARD E WARREN TRUSTEE 1.00 X 0 0 0 ROBERT T WILSON TRUSTEE 1.00 X 0 0 0 VIRGINIA B FOX TRUSTEE 1.00 X 0 0 0 LEE B GHESQUIERE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER P ILITCH TRUSTEE 1.00 X 0 0 0 NANCY TELLEM TRUSTEE 1.00 X 0 0 0 DEBORAH WAHL TRUSTEE 1.00 X 0 0 0 DOMINIC DIMARCO PRESIDENT 50.00 X 478150 0 37126 RODERICK SPEARIN COO AND TREASURER 50.00 X 259443 0 25701 PATRICIA CARI SECRETARY 50.00 X 111530 0 14687 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 50.00 X 159554 0 38925 ARLYCE SEIBERT DIRECTOR OF SCHOOLS 50.00 X 307387 0 24384 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 50.00 X 209575 0 51862 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 50.00 X 232782 0 32069 AIMECLAIRE ROCHE DIRECTOR OF SCHOOLS 50.00 X 180047 0 21604 PAMELA RUTHVEN CHIEF FINANCIAL OFFICER 50.00 X 216960 0 31198 THOMAS JOSEPH DECRAENE ASST DIRECTOR OF SCHOOLS 50.00 X 190001 0 45577 CHARLES T SHAW DIRECTOR OF STEWARDSHIP 50.00 X 154068 0 51302 ANDREW MILLER III DIRECTOR OF SCHOOL ADMISSION 50.00 X 168989 0 43644 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 50.00 X 154982 0 17985 2823468 0 436064 45 0 1 0 TEACHER'S INS AND ANNUITY PO BOX 8500 PHILADELPHIA PA 19178 PENSION SERVICES 5241712 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 4802419 GOLDMAN SACHS & CO PO BOX 9081 NEW YORK NY 10087 INVESTMENT SERVICES 1262811 EMPLOYEE HEALTH INSURANCE MANAGEMENT 26711 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48033 HEALTH MANAGEMENT 743584 REIBITZ BUILDING 6945 DANDSION BLVD WEST BLOOMFIELD MI 48324 CONSTRUCTION 555992 29 1508024 916114 15607618 1931649 18031756 CRANBROOK SCHOOLS K-12 900099 48846814 48846814 ART ACADEMY TUITION 900099 4611135 4611135 SUMMER PROGRAMS 900099 2493681 2493681 INSTITUTE OF SCIENCE 611600 1581291 1581291 CENTER FOR COLLECTIONS, HOUSE 611710 140006 140006 57672927 1001404 -131434 1132838 800231 1026524 -226293 -226293 -226293 46608488 3291 34962169 0 11646319 3291 11649610 11649610 723860 1508024 902255 -178395 -178395 91175 54353 36822 36822 594372 558934 35438 35438 AUXILIARY 900099 344428 344428 217468 217468 561896 88585165 57672927 -131434 13011916 2334797 2334797 2890965 1181325 960488 749152 33848329 25013464 6860495 1974370 1882116 1322821 432053 127242 6344246 5171449 941115 231682 2661898 1929203 582288 150407 76781 9814 66967 291304 291304 111405 111405 1172239 1172239 2136264 1479425 318884 337955 694926 392484 18047 284395 2670424 2072099 317645 280680 638389 156705 362455 119229 3474822 746016 2700244 28562 1061001 955175 42351 63475 1450433 1156369 109693 184371 2831283 768 2830515 9117538 8677306 440232 1182319 68828 1113391 100 ALLOCATIONS 3936186 12472954 -8535544 -1224 FOOD SERVICE SCHOOLS 3774203 3774203 DONATIONS/AWARDS/MEMORI 381589 349433 18307 13849 MEMBERSHIP DUES 227507 203064 7342 17101 158760 156779 -112459 114440 85349724 69624481 10938052 4787191 15810 15810 7027157 9855653 8628494 12143054 1568773 1850904 442353 343695 1235017 1503592 316943681 151020730 170494210 165922951 124107952 116619105 113232974 129691933 236775 258046 426989515 438204743 16315368 21393429 18171435 18322090 60358088 60372957 21505 50780 94866396 100139256 X 221059890 216060855 44762690 49101351 66300539 72903281 332123119 338065487 426989515 438204743 X 3235441 6483759 -3776832 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 226283510 2596331 16976125 14933408 230922558 221875189 3412904 22441579 21446162 226283510 209059894 6381321 20137038 13692117 10947 221875189 233596144 1278864 -7389858 18420873 4383 209059894 233990022 2158319 11326559 13850294 37462 233596144 0.55680 0.29800 0.14520 0 0 7869942 7869942 80009214 44489746 35519468 201195167 84664497 116530670 19945916 17088044 2857872 7923442 4778443 3144999 165922951 NATURAL RESOURCES, ENERGY PROGRAMS 4063585 F LONG SHORT HEDGE FUND 29702715 F ABSOLUTE RETURN HEDGE FUND 38814439 F DOMESTIC PRIVATE EQUITY 34494751 F VENTURE CAPITAL 22030718 F REAL ESTATE 585725 F 129691933 CAPITAL LEASES PAYABLE 50780 50780 96523702 6483759 94577 2508566 9086902 87436800 1148365 1148365 88585165 90581334 94577 6285398 6379975 84201359 1148365 1148365 85349724 PART III, LINE 1A: IN ACCORDANCE WITH GENERALLY ACCEPTED PRACTICES OF SIMILAR INSTITUTIONS, ARCHIVAL ITEMS AND COLLECTIONS PURCHASED AND DONATED ARE NOT RECORDED IN THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: AS THE COMMUNITY'S OFFICIAL ARCHIVAL REPOSITORY, THE ARCHIVES DEPARTMENT COLLECTS, PRESERVES, AND MAKES AVAILABLE COMMUNITY AND DIVISIONAL RECORDS OF PERMANENT VALUE, THE PAPERS OF MEMBERS OF THE BOOTH, SCRIPPS, AND SAARINEN FAMILIES, THE RECORDS OF THE CHRIST CHURCH CRANBROOK AND OTHER ANCILLARY ORGANIZATIONS, AND THE PERSONAL PAPERS OF FACULTY, STAFF, ALUMNI AND OTHER INDIVIDUALS WHO HAVE BEEN ASSOCIATED WITH THE COMMUNITY SINCE 1984. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,026,524. DIRECT EXPENSES - FUNDRAISING 902,255. DIRECT EXPENSES - GAMING 20,853. COST OF SALES 558,934. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,026,524. DIRECT EXPENSES - FUNDRAISING 902,255. DIRECT EXPENSES - GAMING 20,853. COST OF SALES 558,934. MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP 3,776,832. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PRINTED ON ALL ADMISSION MATERIAL AND ALSO PRINTED ON ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 CRANBROOK RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 117874765 0 0 0 0 0 0 117874765 0 117874765 1 0 1 1 1 0 X X X 0 RUFFALO NOEL LEVITZ PO BOX 718 DE MOINES IA 503030718 FUNDRAISING CONSULTATION 0 53539 111405 53539 53539 111405 53539 KALEIDOSCOPE 400602 250342 150260 29398 31099 270 88068 BOOSTER CLUB 284643 96551 188092 4270 48695 187 114018 26 1546639 1161131 385508 125930 136888 17434 305998 2231884 1508024 723860 159598 216682 17891 508084 902255 -178395 91175 10200 33500 10653 1 0.72000 91175 10200 33500 10653 54353 36822 MI 1 0 1 0 0.85000 0.15000 RITA STEDMAN PO BOX 801 BLOOMFIELD HILLS MI 483030801 0 RITA STEDMAN RECORDKEEPING X 0 1 FINANCIAL AID NEED BASED - SCHOOLS 480 1654597 N/A N/A MERIT BASED INSTITUTIONAL - CAA 46 461278 N/A N/A FINANCIAL AID NEED BASED - CAA 79 218922 N/A N/A PART I, LINE 2: TO RECEIVE GRANTS AND OTHER ASSISTANCE FROM CRANBROOK EDUCATIONAL COMMUNITY ALL CANDIDATES MUST DEMONSTRATE FINANCIAL NEED TO THE FINANCIAL AID COMMITTEE BASED ON AN ANALYSIS OF THE REQUIRED DOCUMENTATION. THE REQUIRED DOCUMENTATION IS (1) PARENTS' FINANCIAL STATEMENT (PFS) COMPLETED THROUGH WWW.NAIS.ORG, (2) INCOME VERIFICATION BY CURRENT W-2'S, END OF YEAR PAY STUBS, EMPLOYER LETTER VERIFYING INCOME, (3) SIGNED COPY OF IRS FORM 4506, (4) SIGNED COPY OF CURRENT YEAR FEDERAL TAX RETURN INCLUDING ALL SCHEDULES, (5) FINANCIAL AID APPLICATION SUBMITTED TO THE SCHOOL. AID PACKAGES ARE REVIEWED ANNUALLY ON THE BASIS OF THE FAMILY'S CURRENT FINANCIAL STATUS. AID AT CRANBROOK SCHOOLS IS DISTRIBUTED WITHOUT REGARD TO RACE, RELIGION OR ETHNIC BACKGROUND. ALL RECIPIENTS ARE EXPECTED TO DEMONSTRATE DILIGENCE IN THEIR ACADEMIC SUBJECTS, MAINTAIN ACCEPTABLE CITIZENSHIP STANDARDS, AND CONTRIBUTE POSITIVELY TO THE SCHOOL COMMUNITY. REQUIRED DOCUMENTATION FOR CRANBROOK ART ACADEMY IS A TIMELY FILED FAFSA THROUGH THE GOVERNMENT, AFTER COMPLETION A SAR IS RECEIVED ELECTRONICALLY AT THE SCHOOL. ALSO, A COPY OF A SIGNED FEDERAL TAX RETURN IS REQUIRED. ASSISTANCE IS BASED UPON THE APPLICANT'S TIMELY APPLICATION AND DEMONSTRATED FINANCIAL NEED. ALL ASSISTANCE IS DETERMINED THROUGH THE REGISTRAR'S OFFICE AT THE ART ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DOMINIC DIMARCO PRESIDENT 430150 0 0 0 48000 0 22216 0 14910 0 515276 0 0 0 RODERICK SPEARIN COO AND TREASURER 259443 0 0 0 0 0 22775 0 2926 0 285144 0 0 0 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 159554 0 0 0 0 0 12430 0 26495 0 198479 0 0 0 ARLYCE SEIBERT DIRECTOR OF SCHOOLS 257387 0 0 0 50000 0 15141 0 9243 0 331771 0 0 0 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 194575 0 0 0 15000 0 19421 0 32441 0 261437 0 0 0 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 232782 0 0 0 0 0 17500 0 14569 0 264851 0 0 0 AIMECLAIRE ROCHE DIRECTOR OF SCHOOLS 180047 0 0 0 0 0 14662 0 6942 0 201651 0 0 0 PAMELA RUTHVEN CHIEF FINANCIAL OFFICER 215960 0 1000 0 0 0 13282 0 17916 0 248158 0 0 0 THOMAS JOSEPH DECRAENE ASST DIRECTOR OF SCHOOLS 151623 0 38378 0 0 0 18729 0 26848 0 235578 0 0 0 CHARLES T SHAW DIRECTOR OF STEWARDSHIP 154068 0 0 0 0 0 19363 0 31939 0 205370 0 0 0 ANDREW MILLER III DIRECTOR OF SCHOOL ADMISSION 134677 0 34312 0 0 0 16744 0 26900 0 212633 0 0 0 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 154982 0 0 0 0 0 15701 0 2284 0 172967 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS HE IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS. THE DIRECTOR OF THE ART ACADEMY AND THE DIRECTOR OF SCHOOLS ARE PROVIDED A HOUSE ON CAMPUS AS RESIDENCY IS A REQUIREMENT OF THEIR POSITIONS. THE PRESIDENT'S HOUSING ALLOWANCE IS APPROPRIATELY INCLUDED IN HIS FORM W-2. A ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2010-10-01 26515000 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2014-09-25 36390000 SEE PART VI 0 0 0 A 26515000 101443 199000 24898557 1316000 2011 0 1 1 1 B 2250000 36390000 2009 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 B 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 A 1 B 1 PART I, LINE A, COLUMN F THE $26,515,000. SERIES 2010 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO FINANCE CAPITAL PROJECTS (INCLUDING CONSTRUCTION AND EQUIPPING A GIRLS MIDDLE SCHOOL BUILDING, AND INSTALLING IMPROVEMENTS TO OTHER FACILITIES, INCLUDING THE ART MUSEUM, CRANBROOK QUAD, KEPPEL GYMNASIUM, MUSIC ROOM AND ICE ARENA), TO PAY A TERMINATION FEE RESULTING FROM A PARTIAL TERMINATION OF A QUALIFIED HEDGE EXECUTED IN 2007, AND TO PAY COSTS OF ISSUING THE BONDS. THE BONDS WERE SOLD IN A PRIVATE PLACEMENT AS QUALIFIED TAX-EXEMPT OBLIGATIONS (AS DESCRIBED IN SECTION 265 (B)(3)B OF THE INTERNAL REVENUE CODE). PART I, LINE B, COLUMN F THE $36,390,000. SERIES 2014 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO REFUND THE SERIES 2007 BONDS (DATE OF ISSUE NOVEMBER 1, 2007) IN FULL. THE BONDS WERE SOLD IN A PRIVATE PLACEMENT AS QUALIFIED TAX-EXEMPT OBLIGATIONS (AS DESCRIBED IN SECTION 265(B)(3)B OF THE INTERNAL REVENUE CODE). X 45 195852 VALUATION X 54 COST X 6565 COST X 87 1592360 AVG MARKET VALUATION X 1 1 APPRAISAL VALUE X AUCTION ITEMS 98 63462 COST X FUNDRAISING 37 61555 COST X MUSICAL ITEMS 3 11800 COST 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 ADELE ACHESON AND MICHAEL ACHESON, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER. ROBERT TAUBMAN AND DENISE DAVID, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER. FORM 990, PART VI, SECTION A, LINE 6 CRANBROOK EDUCATIONAL COMMUNITY INCLUDES THREE DIVISIONS OF THE ORGANIZATION: CRANBROOK SCHOOLS, CRANBROOK ART ACADEMY AND CRANBROOK INSTITUTE OF SCIENCE, WHICH EACH HAVE A BOARD OF GOVERNORS. THESE BOARD OF GOVERNORS ARE THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A UP TO SIX TRUSTEES OF CRANBROOK EDUCATIONAL COMMUNITY SHALL BE ELECTED BY THE CRANBROOK SCHOOLS MEMBERS, UP TO FOUR TRUSTEES SHALL BE ELECTED BY THE CRANBROOK ART MEMBERS AND UP TO FOUR TRUSTEES SHALL BE ELECTED BY THE CRANBROOK SCIENCE MEMBERS, NONE OF WHICH TRUSTEES NEED TO BE MEMBERS OF THE ORGANIZATION OR ITS THREE DIVISIONS. THE CHAIRMAN OF THE BOARD OF GOVERNORS OF CRANBROOK SCHOOLS, THE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE CRANBROOK ART ACADEMY, AND THE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE CRANBROOK INSTITUTE OF SCIENCE, AS ELECTED BY THE RESPECTIVE BOARDS OF GOVERNORS FROM TIME TO TIME PURSUANT TO THE ORGANIZATION'S BYLAWS, SHALL ALL BE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES WITH FULL VOTING AND OTHER RIGHTS, FOR SO LONG AS EACH OF THEM REMAINS CHAIRMAN, AND SHALL THEREAFTER BE REPLACED AS TRUSTEES BY THEIR SUCCESSORS IN SUCH CHAIRMANSHIP POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW OF THE 990 IS DONE BY THE CHIEF FINANCIAL OFFICER, THE CHIEF OPERATIONS OFFICER AND THE PRESIDENT AND THE INDEPENDENT AUDITORS. THE 990 IS REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES AND A MEMBER OF THE AUDIT COMMITTEE. PRIOR TO FILING, THE 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A FORMAL WRITTEN CONFLICT OF INTEREST POLICY IS SENT OUT ANNUALLY TO OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES FOR THEIR COMPLETION, AND MUST BE SIGNED AND RETURNED TO CRANBROOK EDUCATIONAL COMMUNITY. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES, IN CONJUNCTION WITH OTHER TRUSTEES, DETERMINES SALARIES USING INFORMATION PREPARED BY THE HUMAN RESOURCE DEPARTMENT FOR COMPARABLE SALARIES WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS ARE AVAILABLE UPON REQUEST: AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND CRANBROOK LEADERSHIP HANDBOOK. FORM 990, PART XI, LINE 9: MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP -3,776,832. ELLEN F PRICE CHARITABLE REMAINDER UNITRUST DTD 101207 CHARITABLE REMAINDER TRUST MI N/A T 429858 0.52760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0