2018-05-14T13:43:28-05:00 2017-06-30 340677006 Maloney Novotny LLC 1111 Superior Ave Suite 700 Cleveland OH 441142540 990 2016-07-01 340714334 THE CLEVELAND INSTITUTE OF ART CLEV 2164217000 11610 EUCLID AVENUE CLEVELAND OH 44106 ALMUT ZVOSEC CFO/TREASURER 2164217000 2018-05-14 1 Christopher B Anderson P00226559 2163630100 104.230.116.97 2018-05-13 15:05:39 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F0962BFF9ACD815FD594AA84AFE8725155222DCF 2016 2021-01-29 14:40:06Z GRAFTON NUNES 11610 EUCLID AVENUE CLEVELAND OH 44106 39071404 0 X WWW.CIA.EDU X 1882 OH TO NURTURE THE INTELLECTUAL, ARTISTIC AND PROFESSIONAL DEVELOPMENT OF STUDENTS AND COMMUNITY MEMBERS THROUGH RIGOROUS VISUAL ARTS AND DESIGN EDUCATION. 44 42 511 50 130453 -123690 2941560 4185865 22774111 25306281 8060085 900634 1529968 1719038 35305724 32111818 10313477 10504673 0 0 11208158 11886274 0 0 1374933 10310940 10234066 31832575 32625013 3473149 -513195 86310341 82726291 13783184 8717886 72527157 74008405 THE MISSION STATEMENT OF THE CLEVELAND INSTITUTE OF ART IS AS FOLLOWS: TO NURTURE THE INTELLECTUAL, ARTISTIC AND PROFESSIONAL DEVELOPMENT OF STUDENTS AND COMMUNITY MEMBERS THROUGH RIGOROUS VISUAL ARTS AND DESIGN EDUCATION. 0 0 27092517 10504673 26894866 THE CLEVELAND INSTITUTE OF ART IS AN INDEPENDENT COLLEGE OF ART AND DESIGN COMMITTED TO LEADERSHIP AND VISION IN ALL FORMS OF VISUAL ARTS EDUCATION. THE INSTITUTE'S MISSION IS TO MAKE AN ENDURING CONTRIBUTION THROUGH EDUCATION, RESEARCH AND SERVICE TO DIVERSE COMMUNITIES, BOTH IMMEDIATE AND GLOBAL. THE INSTITUTE RECOGNIZES THE IMPORTANCE OF THE VISUAL ARTS IN CULTURE AND THE POTENTIAL FOR ARTISTS TO CONTRIBUTE TO THE NEEDS OF SOCIETY. STUDENTS EARN A BACHELOR OF FINE ARTS DEGREE UPON SUCCESSFUL COMPLETION OF THE PROGRAM. THE UNDERGRADUATE PROGRAM HAD 615 STUDENTS ENROLLED IN THE FALL OF 2016. 27092517 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 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 X 105 0 1 511 1 1 1 0 0 0 0 0 0 0 0 0 X 44 42 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 OH X ALMUT ZVOSEC 2164217000 11610 EUCLID AVENUE CLEVELAND OH 44106 Fran Belkin Director 1.00 X 0 0 0 Marianne Bernadotte Director 1.00 X 0 0 0 Deborah Blades Director 1.00 X 0 0 0 William Busta Director 1.00 X 0 0 0 Steven M Cencula Director 1.00 X 0 0 0 Frederick Clarke Director & Officer 5.00 X X 0 0 0 Robin J Davenport Director 1.00 X 0 0 0 Joseph S Dehner Director 1.00 X 0 0 0 Julian M Earls Director 1.00 X 0 0 0 Ruth Swetland Eppig Director 1.00 X 0 0 0 Marsha B Everett Director 1.00 X 0 0 0 Chann Fowler-Spellman Director 1.00 X 0 0 0 Meg Fulton-Mueller Director 1.00 X 0 0 0 Hugh J Garvey III Director 1.00 X 0 0 0 Cynthia Prior Gascoigne Director & Officer 8.00 X X 0 0 0 Robert A Glick Director 1.00 X 0 0 0 Deba Jean Gray Director 1.00 X 0 0 0 Mattthew L Greene Director 1.00 X 0 0 0 Howard Groedel Director 1.00 X 0 0 0 Joseph Hahn MD Director 1.00 X 0 0 0 Barbara Hawley Director & Officer 5.00 X X 0 0 0 Donald Insul Director & Officer 5.00 X X 0 0 0 Jennifer Langer Director 1.00 X 0 0 0 Toby Devan Lewis Director 1.00 X 0 0 0 James Lincoln Director 1.00 X 0 0 0 Yan Maschke Director 1.00 X 0 0 0 Warren L Morris Director 1.00 X 0 0 0 Bill Nottingham Director 1.00 X 0 0 0 Laura Ospanik Director 1.00 X 0 0 0 Paul Pesses Director 1.00 X 0 0 0 Rene' Polin Director 1.00 X 0 0 0 Barbara Richter Director 1.00 X 0 0 0 John Schulze Director 1.00 X 0 0 0 Michael Schwartz Director & Officer 5.00 X X 0 0 0 Robert M Siewert Director 1.00 X 0 0 0 Daniel Simon MD Director 1.00 X 0 0 0 Karen Skunta Director 1.00 X 0 0 0 Judson Smith 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 Spreen Director & Officer 5.00 X X 0 0 0 Cathy Stamler Director 1.00 X 0 0 0 Elizabeth F Stueber Director 1.00 X 0 0 0 Joy Sweeney Director 1.00 X 0 0 0 Russell Trusso Director 1.00 X 0 0 0 William ValerianUNTIL 81716 Director & Officer 5.00 X X 0 0 0 Peter van Dijk Director 1.00 X 0 0 0 Tracey Forde Weaver Director 1.00 X 0 0 0 Jeffrey M Weiss Director 1.00 X 0 0 0 Grafton J Nunes President & Director 40.00 X X 290266 0 67602 James Kuehnle Director(7/1-10/3/16)&Professor 35.00 X 55028 0 12359 Douglas J Paige Director(10/4/16-6/30/17)&Professor 35.00 X 61717 0 3717 Almut Zvosec SVP Business,CFO&Treasurer 40.00 X 145711 0 28172 Christopher A Whittey SVP Academic Affairs 40.00 X 164994 0 28863 Mathew W Felthousen VP Support Service 40.00 X 119014 0 16409 Joseph B Ferritto Director Facilities 40.00 X 107028 0 11354 Marie-Louise Gustavsson-Monago VP Institutional Adv 40.00 X 101994 0 8215 Mark Inglis VP Marketing 40.00 X 129583 0 21878 Julienne R Melvin Assoc VP Business 40.00 X 106482 0 22867 1281817 0 221436 10 0 1 0 CASE WESTERN RESERVE UNIVERSITY 10900 EUCLID AVE CLEVELAND OH 44106 STUDENT SUPPORT SVCS. 1094424 AJAPPJR UPTOWN II LLC PO BOX 14100 CLEVELAND OH 44114 RENTAL-STUDENT HOUSING 677210 SECURITAS SECURITY PO BOX 403412 ATLANTA GA 30384 SECURITY 484074 EUCLID 115 LLC 11607 EUCLID AVE STE C CLEVELAND OH 44106 RENTAL-STUDENT HOUSING 477138 JDD INC 3615 SUPERIOR AVE STE C CLEVELAND OH 44114 CLEANING SERVICES 235253 6 1031898 3153967 126059 4185865 TUITION AND FEES 900099 23765456 23765456 AUXILIARY SERVICES 900099 1540825 1540825 25306281 311515 311515 7497095 51610 6944586 15000 552509 36610 589119 589119 INCOME FROM SUBSIDIARIES 900099 1455082 1455082 OTHER 713910 133503 133503 CINEMATHEQUE FILM PROG. 713910 130453 130453 1719038 32111818 26894866 130453 900634 10504673 10504673 759802 308119 299308 152375 8614819 6742533 1442497 429789 373015 280545 69306 23164 1450604 1090999 269522 90083 688034 517470 127837 42727 103134 103134 58200 58200 55984 55984 124983 124983 113589 85430 21105 7054 1047322 787691 194592 65039 212056 159487 39400 13169 443053 333220 82319 27514 4130649 3106661 767475 256513 34374 25852 6387 2135 101830 76586 18920 6324 81530 61319 15148 5063 1718504 1292487 319298 106719 108030 81249 20072 6709 STUDENT HOUSING 666502 666502 EQUIP.LEASE/MAINT.CONTR 539597 405831 100257 33509 OTHER 521058 392192 77803 51063 STUDENT RECRUITING 173671 173671 32625013 27092517 4157563 1374933 110495 598240 460932 47261 2968201 2056671 187737 138305 11816198 11192045 1839383 1797921 35560194 6587563 30432212 28972631 26443652 28614566 1211816 1155308 10839715 8153343 86310341 82726291 5784455 4919524 464429 410795 6317835 2192174 1216465 1195393 13783184 8717886 X 49307393 51152208 6075418 4152105 17144346 18704092 72527157 74008405 86310341 82726291 -513195 1994443 0 X 0 1 X 1 1 1 X 10013406 6006622 5907970 2941560 4185865 29055423 10013406 6006622 5907970 2941560 4185865 29055423 4592838 24462585 539994 455472 305102 445392 311515 2057475 414165 118465 312201 1627272 1719038 4191141 35304039 107386398 0.69290 0.73240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55984 55984 27036533 27092517 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 42000 56000 39016 55984 193000 250000 250000 250000 250000 1000000 1500000 X X X 0 16997447 450615 1955535 397730 1163979 17841888 18082832 86663 -553570 418298 200180 16997447 18903008 244813 535011 404766 1195234 18082832 17566238 203366 3158404 1038397 986603 18903008 16747836 361113 2665208 1310005 897914 17566238 0.41870 0.50740 0.07390 1 0 15000 15000 26098234 1103611 24994623 9446960 5483952 3963008 28972631 INV.IN MCCULLOUGH CTR HLDGS. 8153343 8153343 PERKINS STUDENT LOANS, NET 1095393 SCHELL LOANS, NET 100000 1195393 X 22822306 1994443 -654299 1340144 21482162 124983 10504673 10629656 32111818 22533089 537732 537732 21995357 124983 10504673 10629656 32625013 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. EFFECTIVE JULY 1, 2009, 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, 2017, 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 2d - Other Adjustments: REVENUE FROM SUBSIDIARIES INCLUDED IN CONSOLIDATED FIN.STATEMENTS -654,299. Part XI, Line 4b - Other Adjustments: STUDENT FINANCIAL AID WAS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE ON PART IX OF FORM 990 10,504,673. Part XII, Line 2d - Other Adjustments: EXPENSES FROM SUBSIDIARIES INCLUDED IN CONSOLIDATED FIN.STATEMENTS 537,732. Part XII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID WAS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE ON PART IX OF FORM 990 10,504,673. 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, FEDERAL WORK STUDY PROGRAM, AND FEDERAL PERKINS LOAN PROGRAM. 1 STUDENT FINANCIAL AID 584 10504673 0 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 STUDENTS WHOSE PROJECT PROPOSALS HAVE BEEN APPROVED BY THE PRESIDENT. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Grafton J Nunes President & Director 250516 0 39750 0 0 0 18550 0 49052 0 357868 0 0 0 Almut Zvosec SVP Business,CFO&Treasurer 145711 0 0 0 0 0 10184 0 17988 0 173883 0 0 0 Christopher A Whittey SVP Academic Affairs 164994 0 0 0 0 0 12211 0 16652 0 193857 0 0 0 Mark Inglis VP Marketing 129583 0 0 0 0 0 9731 0 12147 0 151461 0 0 0 Part I, Line 1a BENEFITS PROVIDED TO CERTAIN EMPLOYEES - THE INSTITUTE PAYS FOR DUES TO A SOCIAL CLUB FOR ITS PRESIDENT, GRAFTON NUNES. MR. NUNES USES THE CLUB ENTIRELY FOR BUSINESS PURPOSES, AND ACCORDINGLY, HE 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 2016, GRAFTON NUNES MADE A SALARY DEFERRAL CONTRIBUTION OF $16,487, AND ALMUT ZVOSEC MADE A SALARY DEFERRAL CONTRIBUTION OF $493. Part I, Line 7 A PORTION OF THE BONUS FOR PRESIDENT NUNES IS BASED ON ACHIEVING STUDENT ENROLLMENT TARGETS. PART II, COLUMN D - ADDITIONAL INFORMATION REGARDING BENEFITS: NONTAXABLE BENEFITS FOR GRAFTON NUNES AND ALMUT ZVOSEC SHOWN ON SCHEDULE J, PART II, COLUMN D AND FORM 990, PART VII, COLUMN F INCLUDE $16,500 AND $16,500, RESPECTIVELY, 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. GRAFTON NUNES ALSO PARTICIPATED IN CIA'S TUITION REMISSION PROGRAM OFFERED TO FULL-TIME EMPLOYEES. THE REMISSION AMOUNT OF $14,792 IS AN 80% DISCOUNT ON TUITION. X 8 0 N/A X 0 N/A X 14 126059 FMV X INSTR.EQUIP. 9 0 N/A X FURN.&EQUIP. 3 0 N/A 2 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 BOOKS AND INSTRUCTIONAL SUPPLIES BECAUSE IT CONSIDERED THE AMOUNTS IMMATERIAL. FORM 990, PART I, LINE 5 AND PART V, LINE 2A: 2016 FORMS W-2 - THE TOTAL OF 511 OF FORMS W-2 ISSUED IN 2016 IS MADE UP OF THE FOLLOWING: STUDENTS ON WORK-STUDY PROGRAMS: 166; FACULTY AND ADMINISTRATIVE STAFF: 214; PART-TIME EMPLOYEES: 131. Form 990, Part VI, Section A, line 1 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 A, line 4 CHANGES TO GOVERNING DOCUMENTS - THE INSTITUTE AMENDED ITS CODE OF REGULATIONS IN OCTOBER, 2016. THE FOLLOWING REVISIONS WERE MADE: - THE INSTITUTE'S NON-DISCRIMINATION POLICY WAS EXPANDED TO REFERENCE THE BOARD OF DIRECTORS IN ADDITION TO STUDENTS, FACULTY, AND STAFF; - THE START AND END DATES FOR ELECTED DIRECTORS WERE CLARIFIED; - THE DEFINITION OF A QUOROM WAS CLARIFIED AS TO WHOM SHOULD BE COUNTED; - THE PROCESS OF APPOINTING CHAIRS OF COMMITTEES AND DETERMINING EACH COMMITTEE'S MEMBERSHIP WAS CLARIFIED; - THE ROLE AND RESPONSIBILITIES FOR THE BOARD'S STANDING COMMITTEES WERE CLARIFIED; - A PROVISION WAS ADDED TO OUTLINE THE PROCESS FOR THE REMOVAL OF A DIRECTOR UPON 2/3 VOTE OF VOTING MEMBERS; - A PROVISION WAS ADDED TO ALLOW FOR THE OCCURRENCE OF AN EXECUTIVE SESSION AS PART OF BOARD OR COMMITTEE MEETINGS. ONLY NON-EMPLOYEE DIRECTORS ARE PERMITTED TO ATTEND THE EXECUTIVE SESSION. 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 A COPY OF FORM 990 TO ALL 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 GOVERNANCE COMMITTEE OF THE BOARD, WITH THE ASSISTANCE OF THE PRESIDENT, REVIEWS THE QUESTIONNAIRES FOR ANY CONFLICTS. 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. FORM 990, PART VI, LINE 14: DOCUMENT RETENTION POLICY - THE INSTITUTE IS OPERATING ACCORDING TO DOCUMENT RETENTION AND DESTRUCTION GUIDELINES. THE FORMAL WRITTEN POLICY IS BEING DEVELOPED AND WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL WHEN COMPLETE. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION ON LINE 14 OF PART VI "NO" EVEN THOUGH THE DOCUMENT RETENTION AND DESTRUCTION PROCEDURES ARE BEING UTILIZED AT THE INSTITUTE. MCCULLOUGH CENTER MANAGER LLC 11610 EUCLID AVE CLEVELAND OH 44106 274374650 REAL ESTATE MGMT. OH 39962 10971423 MCCULLOUGH CENTER HOLDINGS INC MCCULLOUGH CENTER LLC 11610 EUCLID AVE CLEVELAND OH 44106 261627336 REAL ESTATE OH MCCULLCTRMGR EXCLUDED -918974 24942435 0 1 0.90000 MCCULLOUGH CENTER HOLDINGS INC 11610 EUCLID AVE CLEVELAND OH 44106 270722618 REAL EST. INVEST. OH C 23870 4061619 1.00000 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 PART III - ADDITIONAL INFORMATION ABOUT RELATED PARTNERSHIP: THE INSTITUTE'S PERCENTAGE OWNERSHIP IN MCCULLOUGH CENTER, LLC CHANGED ON 12/22/2016 FROM 90% TO 1%.