2015-05-13T13:45:26-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2013-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 RODERICK SPEARIN COO 2486453000 2015-05-07 1 LYNNE HUISMANN P00053811 2483757100 2013 2016-02-25 16:41:14Z DOMINIC DIMARCO PO BOX 801 BLOOMFIELD HILLS MI 483030801 114349530 0 X WWW.CRANBROOK.EDU X 1973 MI CRANBROOK PROVIDES EXCELLENT EDUCATIONAL PROGRAMS SERVING DIVERSE AUDIENCES IN AN ENVIRONMENT DESIGNED TO ENCOURAGE INDIVIDUAL GROWTH AND EXCELLENCE BY PROVIDING A FRAMEWORK OF ARTISTIC, CULTURAL, INTELLECTUAL, SPIRITUAL IDEALS. 32 31 1216 1165 -81271 0 12309954 8571240 45978073 49009213 8485767 9633742 2044726 840829 68818520 68055024 1485173 1491703 0 0 40642901 42114521 0 0 1992055 29056116 30391963 71184190 73998187 -2365670 -5943163 436878147 452458550 118659278 116535508 318218869 335923042 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 50148396 1273554 42663313 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 TECHNOLOGICAL 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 2013 ENROLLMENT WAS 1,668 STUDENTS IN PRE-K THRU 12TH GRADE. 8605651 218149 4234225 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 2013 ENROLLMENT WAS 150 STUDENTS. CRANBROOK ART MUSEUM IS A DYNAMIC FORUM FOR CONTEMPORARY ART, CRAFT, ARCHITECTURE AND DESIGN, AND AN INTEGRAL COMPONENT OF CRANBROOK ACADEMY OF ART. THROUGH ITS BROAD-BASED EDUCATIONAL PROGRAMS, PERMANENT COLLECTION AND CHANGING EXHIBITIONS, COLLECTIONS AND RESEARCH, THE MUSEUM ENGAGES DIVERSE PUBLIC AUDIENCES IN EMERGING ARTISTIC FORMS AND IDEAS OF VISUAL CULTURE. THE MUSEUM'S COLLECTIONS DOCUMENT OUTSTANDING EXAMPLES OF ART, ARCHITECTURE AND DESIGN FROM THE 20TH AND 21ST CENTURIES, WITH A SPECIAL INTEREST IN RECOGNIZING THE HISTORY AND INNOVATIONS OF CRANBROOK AND THE ACHIEVEMENTS OF ITS ARTISTS. 4427050 1225526 CRANBROOK INSTITUTE OF SCIENCE ADVANCES SCIENTIFIC LITERACY, NURTURE CURIOSITY AND ENCOURAGES ADVOCACY FOR THE NATURAL AND CULTURAL WORLDS IN WHICH WE LIVE. THE MUSEUM IS OPEN TO THE PUBLIC, WITH 167,556 VISITORS IN 2013. 5463539 886149 CRANBROOK HOUSE AND GARDENS AUXILIARY - FUNDS ARE RAISED AND EXPENDED FOR THE PRESERVATION OF CRANBROOK HOUSE AND GARDENS, A NATIONAL HISTORIC LANDMARK, AS WELL AS TOURS AND EDUCATIONAL PROGRAMS. HOLDINGS IN THE CRANBROOK ARCHIVES INCLUDE ARCHITECTURAL RECORDS, PHOTOGRAPHIC IMAGES, AUDIO-VISUAL MATERIALS, ORAL HISTORIES AND PUBLICATIONS RELEVANT TO ALL ASPECTS OF CRANBROOK'S RICH HISTORY. 5463539 886149 68644636 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 300 0 1 1216 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 31 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAM RUTHVENCFO 2486453110 PO BOX 801 BLOOMFIELD HILLS MI 483030801 BRUCE D PETERSON TRUSTEE-CHAIR 8.00 X X 0 0 0 JEFFREY A HARRIS TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 ARNOLD JACOB TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 STEPHEN R POLK TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 WARREN ROSE TRUSTEE - VICE CHAIR 1.00 X X 0 0 0 ADELE ACHESON TRUSTEE 1.00 X 0 0 0 MICHAEL H ACHESON TRUSTEE 1.00 X 0 0 0 FREDERICK BLACKMON TRUSTEE 1.00 X 0 0 0 JONATHAN BORENSTEIN TRUSTEE 1.00 X 0 0 0 LYNDA CHARFOOS TRUSTEE 1.00 X 0 0 0 DENISE A DAVID TRUSTEE 1.00 X 0 0 0 JOHN M ERB TRUSTEE 1.00 X 0 0 0 JAMISON WILLIAMS FALISKI TRUSTEE 1.00 X 0 0 0 SUSAN D FEITEN TRUSTEE 1.00 X 0 0 0 VIRGINIA B FOX TRUSTEE 1.00 X 0 0 0 MAXINE FRANKEL TRUSTEE 1.00 X 0 0 0 ERICA WARD GERSON TRUSTEE 1.00 X 0 0 0 LINDA H GILLUM TRUSTEE 1.00 X 0 0 0 WILLIAM KM GOLDSMITH TRUSTEE 1.00 X 0 0 0 EDWARD HAGENLOCKER 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 H ROGER MALI TRUSTEE 1.00 X 0 0 0 LISA PAYNE TRUSTEE 1.00 X 0 0 0 LLOYD E REUSS TRUSTEE 1.00 X 0 0 0 MARK L REUSS TRUSTEE 1.00 X 0 0 0 ALLAN ROTHFEDER TRUSTEE 1.00 X 0 0 0 ROBERT S TAUBMAN TRUSTEE 1.00 X 0 0 0 JAMES J VLASIC TRUSTEE 1.00 X 0 0 0 RICHARD E WARREN TRUSTEE 1.00 X 0 0 0 TOD WILLIAMS TRUSTEE 1.00 X 0 0 0 DOMINIC DIMARCO PRESIDENT 50.00 X 461508 0 27731 RODERICK SPEARIN COO AND TREASURER 50.00 X 228303 0 11435 PATRICIA CARI SECRETARY 50.00 X 109713 0 14804 ARLYCE SEIBERT DIRECTOR OF SCHOOLS 50.00 X 360248 0 36380 MICHAEL STAFFORD DIRECTOR OF SCIENCE INSTITUTE 50.00 X 210193 0 28269 REED KROLOFF DIRECTOR OF ART ACADEMY 50.00 X 169279 0 8766 PAMELA RUTHVEN CHIEF FINANCIAL OFFICER 50.00 X 202141 0 22651 MARSHA GILMAN CHIEF ADVANCEMENT OFFICER 50.00 X 152341 0 18936 ANDREW MILLER III DIRECTOR OF SCHOOL ADMISSION 50.00 X 147552 0 26699 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 50.00 X 136871 0 16757 CHARLES SHAW HEAD OF UPPER SCHOOLS 50.00 X 136432 0 28821 FREDERICK NAHM ADVISOR TO PRESIDENT/FORMER PRESIDENT 40.00 X 690136 0 23563 3004717 0 264812 30 1 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 4001486 TEACHER'S INS AND ANNUITY PO BOX 8500 PHILADELPHIA PA 19178 PENSION 2988617 GOLDMAN SACHS & CO 85 BROAD STREET NEW YORK NY 10087 INVESTMENT SERVICES 2843974 GREAT-WEST TRUST DEPT 1148 DENVER CO 80256 PENSION SERVICES 1115039 CONSTELLATION NEWENERGY GAS DIVISION 2975 REGENT BLVD IRVING TX 75060 NATURAL GAS SERVICER 1043020 21 715472 506829 7348939 959705 8571240 CRANBROOK SCHOOLS K-12 900099 41203428 41203428 ART ACADEMY TUITION 900099 4234225 4234225 SUMMER PROGRAMS 900099 1459885 1459885 INSTITUTE OF SCIENCE 611600 1225526 1225526 886149 886149 49009213 1427609 -81271 1508880 988844 928791 60053 60053 60053 51783830 137005 43583747 130955 8200083 6050 8206133 8206133 1454618 715472 1175316 279302 279302 40550 5791 34759 34759 644047 469906 174141 174141 AUXILIARY 900099 164389 164389 128185 128185 292574 68055024 49009213 -81271 10555842 1491703 1491703 2997010 1374543 1415695 206772 29062399 21506285 6259800 1296314 1703517 1200697 417110 85710 6081884 4528761 1391295 161828 2269711 1656365 510517 102829 83066 6101 76965 249387 249387 24041 24041 1569280 1158370 281654 129256 4099550 2939222 690218 470110 442256 75865 362439 3952 10642903 8730820 1911483 600 978510 893025 58602 26883 266375 250623 6987 8765 3527858 3527858 8364932 8333909 31023 838356 6710 831646 FOOD SERVICE SCHOOLS 4145547 4016821 66916 61810 DONATIONS/AWARDS/MEMORI 245923 226771 8217 10935 MEMBERSHIP DUES 130247 109200 18661 2386 ALLOCATION OF SERVICES 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124172116 20316055 17372105 2943950 8008431 3524649 4483782 183389716 NATURAL RESOURCES, ENERGY PROGRAMS 9977318 F LONG SHORT HEDGE FUND 22208682 F ABSOLUTE RETURN HEDGE FUND 29083266 F DOMESTIC PRIVATE EQUITY 25743284 F VENTURE CAPITAL 14221452 F INTERNATIONAL PRIVATE EQUITY 8101595 F REAL ESTATE 1536994 F REIT 6934618 F 117807209 CAPITAL LEASES PAYABLE 113138 113138 X 94695294 24741519 2579804 27321323 67373971 681053 681053 68055024 76991122 2992935 2992935 73998187 0 73998187 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 X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CEC AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CEC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE CURRENTLY ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES CEC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 928,791. DIRECT EXPENSES - FUNDRAISING 1,175,316. DIRECT EXPENSES - GAMING 5,791. COST OF SALES 469,906. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 928,791. DIRECT EXPENSES - FUNDRAISING 1,175,316. DIRECT EXPENSES - GAMING 5,791. COST OF SALES 469,906. MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP 413,131. 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 54610971 0 0 0 0 0 0 54610971 0 54610971 1 0 1 1 1 0 KALEIDOSCOPE 520068 289075 230993 26833 39695 49898 481 109667 SCRIP 744879 744879 678022 13 905143 426397 478746 14462 27042 61161 168055 2170090 715472 1454618 41295 66737 111059 481 955744 1175316 279302 40550 5500 291 1 0.85000 40550 5500 291 5791 34759 MI 1 0 1 0 1.00000 RITA STEDMAN PO BOX 801 BLOOMFIELD HILLS MI 483030801 0 RITA STEDMAN 0 RECORDKEEPING X 0 1 FINANCIAL AID NEED BASED - SCHOOLS 525 1273554 MERIT BASED INSTITUTIONAL - CAA 53 192998 FINANCIAL AID NEED BASED - CAA 41 25151 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 REGISTER'S OFFICE AT THE ART ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DOMINIC DIMARCO PRESIDENT 363508 0 50000 0 48000 0 19654 0 8077 0 489239 0 0 0 RODERICK SPEARIN COO AND TREASURER 228303 0 0 0 0 0 3453 0 7982 0 239738 0 0 0 ARLYCE SEIBERT DIRECTOR OF SCHOOLS 320248 0 40000 0 0 0 25668 0 10712 0 396628 0 0 0 MICHAEL STAFFORD DIRECTOR OF SCIENCE INSTITUTE 185193 0 25000 0 0 0 10624 0 17645 0 238462 0 0 0 REED KROLOFF DIRECTOR OF ART ACADEMY 169279 0 0 0 0 0 8766 0 0 0 178045 0 0 0 PAMELA RUTHVEN CHIEF FINANCIAL OFFICER 202141 0 0 0 0 0 11354 0 11297 0 224792 0 0 0 MARSHA GILMAN CHIEF ADVANCEMENT OFFICER 152341 0 0 0 0 0 11663 0 7273 0 171277 0 0 0 ANDREW MILLER III DIRECTOR OF SCHOOL ADMISSION 147552 0 0 0 0 0 9814 0 16885 0 174251 0 0 0 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 136871 0 0 0 0 0 9202 0 7555 0 153628 0 0 0 CHARLES SHAW HEAD OF UPPER SCHOOLS 136432 0 0 0 0 0 11349 0 17472 0 165253 0 0 0 FREDERICK NAHM ADVISOR TO PRESIDENT/FORMER PRESIDEN 271319 0 418817 0 0 0 19849 0 3714 0 713699 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 672523GN1 2009-10-05 18599313 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 672523GD3 2007-11-01 46390000 SEE PART VI 0 0 0 C ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2010-10-01 26515000 SEE PART VI 0 0 0 A 18599313 370346 18228967 1 1 1 1 B 10000000 46390000 970649 436000 38780184 2009 1 0 1 1 C 26515000 101443 199000 24898557 1316000 2011 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 1 ROYAL BANK CANADA 1.000000000000 1 0 0 C 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 A 1 B 1 C 1 PART 1, LINE A, COLUMN F: $18,599,313 ($18,425,000 PRINCIPAL) SERIES 2009 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO REFUND THE SERIES 1997B BONDS (DATE OF ISSUE SEPTEMBER 4, 1997) AND SERIES 1998 BONDS (DATE OF ISSUE OCTOBER 1, 1998) AND TO PAY THE COSTS OF ISSUING THE BONDS. PART 1, LINE B, COLUMN F: THE $46,390,000 SERIES 2007 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO REFUND THE SERIES 1997A BONDS (DATE OF ISSUE SEPTEMBER 4, 1997) AND THE SERIES 2001 BONDS (DATE OF ISSUE JUNE 27, 2001) TO FINANCE CAPITAL PROJECTS (INCLUDING THE BOYS MIDDLE SCHOOL CONSTRUCTION, KINGSWOOD ROOF AND IT INFRASTRUCTURE) AND TO PAY COSTS OF ISSUING THE BONDS. SUBSEQUENT TO YEAR END ALL OUTSTANDING SERIES 2007 BONDS (DATE OF ISSUE NOVEMBER 1, 2007) WERE CURRENTLY REFUNDED IN FULL ON SEPTEMBER 25, 2014. PART 1, LINE A, COLUMN F: THE $26,515,000 SERIES 2010 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOOK EDUCATIONAL COMMUNITY TO FINANCE CAPITAL PROJECTS (INCLUDING CONSTRUCTING AND EQUIPPING A GIRLS MIDDLE SCHOOL BUILDING, AND CONSTRUCTING 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). DTE ENERGY BRUCE PETERSON, TRUSTEE-CHAIR, AND OFFICER OF DTE ENERGY 1109516 ELECTRIC SERVICE 0 X 2 3720 COST X 10660 COST X 22370 COST X 53 1807962 AVG MARKET VALUATION X 1 7575 COST X 1 1 MARKET VALUE X AUCTION ITEMS 551 191402 COST X FUNDRAISING 167 64368 COST X MUSICAL INSTR 17 11300 COST 0 1 0 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, DENISE DAVID AND LISA PAYNE, ALL TRUSTEES OF THE ORGANIZATION, HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER. LLOYD REUSS AND MARK REUSS, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY 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 11 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 -413,131. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE OVERSEES THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. ELLEN F PRICE CHARITABLE REMAINDER UNITRUST DTD 101207 CHARITABLE REMAINDER TRUST MI N/A T 407995 0.52760 0 MADELINE M SLOAN CHARITABLE REMAINDER UNITRUST UDA 091297 C/O NORTHERN TRUST 10 W LONG LAKE R BLOOMFIELD HILLS MI 48304 383372675 CHARITABLE REMAINDER TRUST MI N/A T 171754 0.76700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0