Cleveland Institute of Music
Cleveland Institute of Music reported $33.0 million in revenue and $29.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $64.42 went to program services, $30.15 to management and general costs and $5.43 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 55.4% of the total. The highest compensation it reported for one person was $560,455 (PRESIDENT, CEO). 23 people received more than $100,000 in reportable compensation. Revenue rose 10% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $33MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 30.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.21 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 55.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $560,455 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.89% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 23 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 46.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSee 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT, CEO Officer, 40.00 hrs/week | $511,462 | $0 | $48,993 | $560,455 |
| EXECUTIVE VP & PROVOST Officer, 40.00 hrs/week | $228,706 | $0 | $41,051 | $269,757 |
| VP ACADEMIC & STUDENT AFFAIRS, DEAN OF INSITUTE Key employee, 40.00 hrs/week | $208,339 | $0 | $13,373 | $221,712 |
| CFO Officer, 40.00 hrs/week | $199,670 | $0 | $12,191 | $211,861 |
| FACULTY Highest compensated employee, 40.00 hrs/week | $149,324 | $0 | $47,037 | $196,361 |
| CHIEF DEVELOPMENT OFFICER Key employee, 40.00 hrs/week | $172,238 | $0 | $17,262 | $189,500 |
| CHIEF MARKETING OFFICER Key employee, 40.00 hrs/week | $156,840 | $0 | $17,699 | $174,539 |
| FACULTY Highest compensated employee, 40.00 hrs/week | $145,294 | $0 | $8,655 | $153,949 |
23 people received more than $100,000 in reportable compensation from Cleveland Institute of Music (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5419
- Volunteers Part I, line 6115
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TURNER CONSTRUCTION CO Construction | $3,651,834 |
| OGLETREE DEAKINS NASH SMOAK Legal services | $245,400 |
| J KURTZ ARCHITECTS Construction | $104,628 |
Individuals listed as contractors are left out.
Private foundation grants it received
38 private foundations reported grants to Cleveland Institute of Music totaling $867K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Cleveland Institute of Music's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cleveland Institute of Music, you can publish a response that is linked from this page.
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Of every $100 Cleveland Institute of Music spent in FY2025, $64.42 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bushnell UniversityEugene, OR · revenue $33M · programs 86.3% · FY2025
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Questions people ask
How much of Cleveland Institute of Music's spending goes to programs?
In the fiscal year ending June 30, 2025, Cleveland Institute of Music reported that 64.4% of its $29.6 million in expenses went to program services, 30.2% to management and general and 5.4% to fundraising (Form 990, Part IX).
How much does Cleveland Institute of Music pay its top executive?
The largest total compensation Cleveland Institute of Music reported for one person in the fiscal year ending June 30, 2025 was $560,455, for the role of PRESIDENT, CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cleveland Institute of Music get its money?
Of $33.0 million in revenue in the fiscal year ending June 30, 2025, 23.3% came from contributions and grants (including 1.8% from government grants) and 55.4% from program service revenue (Form 990, Part VIII).
Is Cleveland Institute of Music a registered charity?
The IRS lists EIN 34-0714600 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349302196 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349303992 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349302503 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349303299 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349310755 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141359349302069 · read the filing
All filings for EIN 34-0714600: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.