Cleveland Museum of Art
Nonprofit profile at a glance
- EIN
- 340714336
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Cleveland, OH, USA
- Phone
- 2167072248
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Art Museums
Reported finances
- Revenue
- $84,403,647
- Expenses
- $106,901,249
- Assets
- $1,442,466,569
- Liabilities
- $123,505,751
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
57 people listed
Executive titles in this filing
- WILLIAM M GRISWOLD (DIR & PRESIDENT)
Highest reported compensation
- WILLIAM M GRISWOLD (DIR & PRESIDENT): $1,718,889 total reported compensation
- BRUCE LOESSIN (CHIEF PHILANTHROPY OFFICER): $407,354 total reported compensation
- LISA S CODISPOTI (CHIEF OPERATING & PEOPLE OFFICER): $324,097 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the cleveland museum of art (cma) is to fulfill its dual roles as one of the world's most distinguished comprehensive art museums and as one of northeastern Ohio's principal civic and cultural institutions. The museum, established in 1913 "for the benefit of all the people forever," * seeks to bring the pleasure and meaning of art to the broadest possible audience in accordance with the highest aesthetic, intellectual and professional standards. Toward this end the museum augments, preserves, exhibits and fosters understanding of the outstanding collections of world art it holds in trust for the public and presents complementary exhibitions and programs. The cleveland museum of art embraces its leadership role in collecting, scholarship, education and community service. (* j.h. Wade ii, act of conveyance of land to be used for the cma.)
What it reported doing in 2024
Using its collection and other resources, the museum has a commitment to serve a variety of audiences, always seeking a dynamic interaction between the visitors and the works of art. Museum staff endeavor to create a range of programs that enlighten and delight both a broad audience and visitors with more specific interests. Information on the collection and the continuing research thereon by the professional staff is disseminated through educational activities and publications. The museum presents programs in related areas such as music and film since they can contribute to a broader understanding of the arts. Education & community programs cleveland museum of art's education and academic affairs team creates dynamic programming, thoughtful content, and meaningful collaborations that teach, inspire, and support visitors and the community to engage with the museum's collection, feel a connection to it and, ultimately, enhance their lives through art. In the galleries the museum offers a number of ways to connect with art and each other. The artlens app allows visitors to learn about the artwork on their own, or visitors can take a free tour led by trained docents. Visitors can also handle genuine works of art from the education art collection in our art carts, and participate in activities like scavenger hunts on our family days. In the studio our artists teach classes for people of all ages. We offer classes for our 'littlest learners' beginning at 18 months, for adults, and everyone in between. In the classroom, the museum's connie towson ford teacher resource center serves educators working with various grade levels, disciplines and audiences. The center offers a variety of workshops throughout the year for educators. In the community visitors can explore the museum programs at locations around northeast Ohio and onsite at the museum. The museum is committed to public arts education and hosts many educational events throughout the year, including family days, school tours, intergenerational studio arts classes and the distance learning and art to go programs. Annual community arts festivals include: springtime's parade the circle, the autumn chalk festival and a winter lights lantern festival. A new offsite local community arts center was established during fiscal year 2021 housing the museum's community arts staff and education outreach program. The community arts center features a range of arts programs while collaborating with neighborhood partners to enrich the transformative experiences offered to all audiences. Beginning in fiscal year 2024, transformer station serves as a vibrant satellite center for the visual and performing arts, where the museum presents the work of emerging artists, time-based media, live music, and dynamic social experiences in Ohio city's hingetown neighborhood. Music, performing arts and film music at the cleveland museum of art has a history nearly as long as the institution itself, and the initial program has grown into an extensive performing arts season that includes international music, dance and theatre artists. The museum's annual summer solstice festival is a celebration of art and music. Guests have an opportunity to enjoy dynamic and cutting-edge music from around the world, and explore museum galleries late into the night. In addition, the institution plays host to a year-round film program that is one of the oldest of any museum in the united states. The art and fiction book club is another example of a museum based event organized by the department of education and interpretation for art and literature enthusiasts throughout the community. Members of the public can download materials created by our educators, such as family guides and art projects for home or school use, interpretative resources that add perspective to objects in the museum's collection, and a host of teacher online resources. Cma-cwru joint program the joint program in art history and museum studies offered by ca
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 81
- Accountability: 97
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: $8.5 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 56.1%; rating input score 56; 11th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 95%; rating input score 95; 47th 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: -26.7%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 13.49; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 14th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.2% of spending went to programs
- Governance: 38 of 40 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $89M in reported program spending
- Leadership: top reported pay $1.7M · 57 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.3M reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 12 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 17 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Transparency & Controls: Grant itemization coverage scored 56/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.