About
The cleveland institute of music's mission is to empower the world's most talented classical music students to fulfill their dreams and potential.
Donations are tax-deductible
Financial Snapshot
FY ending 2023-06-30Financial history
1617181920212223
RevenueExpenses
Latest FY2023: $33.4M · Peak FY2022: $45.6M · Avg: $33.9M
Foreign activity (Schedule F)
Total spent abroad$10.7M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
| Region | Activity | Spent |
|---|
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | — | — |
501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
CLEVELAND INSTITUTE OF MUSIC
Address
11021 EAST BLVD
Cleveland, OH, 44106-170
Governance
Voting board members32
Independent members32
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %45.0%
Permanent endowment %55.0%
Endowment held by related orgNo
Public records
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