Cleveland Institute of Music
Nonprofit profile at a glance
- EIN
- 340714600
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Cleveland, OH, US
- Phone
- 216.791.5000
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Graduate, Professional Schools (Separate Entities)
Reported finances
- Revenue
- $32,974,445
- Expenses
- $29,638,409
- Assets
- $161,968,631
- Liabilities
- $48,383,916
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
40 people listed
Executive titles in this filing
- HOGLE PAUL W (PRESIDENT, CEO)
Highest reported compensation
- HOGLE PAUL W (PRESIDENT, CEO): $560,455 total reported compensation
- HARRISON SCOTT (EXECUTIVE VP & PROVOST): $269,757 total reported compensation
- SOUTHERN DEAN (VP ACADEMIC & STUDENT AFFAIRS, DEAN OF INSITUTE): $221,712 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CIM's mission is to empower the world’s most talented classical music students to fulfill their dreams and potential.
What it reported doing in 2024
See schedule othe cleveland institute of music is one of just seven independent conservatories of music in the united states, one of three devoted exclusively to classical music performance. Cim students benefit from access to world-renowned visiting artists and conductors, intensive study with cim's stellar faculty and the rich curriculum offered by cim's partner case western reserve university. Cim's graduates command the most celebrated and revered stages in the world as soloists, chamber musicians and ensemble members; compose award-winning repertoire; and are sought-after teaching artists, administrators and thought leaders. More than half of the members of the cleveland orchestra are connected to cim as members of the faculty, alumni or both. Cim's preparatory and continuing education provides private and group lessons, classes and ensembles. Cim is an integral part of cleveland's arts community presenting 425 free performances and master classes on campus and throughout the community this year. During this fiscal year, cim offered approximately $9.3 million of scholarships and financial aid to its students.
Operating model
- Revenue model
- Other-operating. 62% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.8%; rating input score 69
- Program expense ratio: 64.4%; rating input score 64
- Fundraising efficiency: $4.77 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.1%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 5.46; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site
- Where the money goes: 68.8% of revenue deployed · 64.4% of spending went to programs
- Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $19.1M in reported program spending
- Leadership: top reported pay $560K · 40 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $4M reported
- Consistency: 41 of 41 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.