2025-05-12T15:45:31-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2023-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 JENNY CEDERSTROM COO 2486453000 2025-05-12 1 1 DAVID LOWENTHAL P00378651 2483757100 2025-05-12 2023 2025-03-06 01:10:19Z AIMECLAIRE ROCHE PO BOX 801 BLOOMFIELD HILLS MI 483030801 128855437 0 X WWW.CRANBROOK.EDU X 1973 MI 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. 31 31 1268 682 186886 0 18243587 14848364 60801820 62416849 10394287 9471928 1209229 382779 90648923 87119920 2451090 2750008 0 0 52244936 58131760 279655 242495 8264620 39688262 41789438 94663943 102913701 -4015020 -15793781 493908791 495822252 88003039 85264352 405905752 410557900 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 51136991 2631051 58275646 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 TECHNICAL 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 2023 ENROLLMENT WAS 1,658 STUDENTS, 967 STUDENTS WERE GRADES 9TH THRU 12TH, OF THOSE, 257 WERE BOARDING STUDENTS. LOWER SCHOOL PRE-K THRU 5TH GRADE, 355 STUDENTS, MIDDLE SCHOOL GRADES 6TH THRU 8TH WERE 336 STUDENTS. 8027213 118957 2879583 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 ENROLLMENT WAS 119 STUDENTS. CRANBROOK ART MUSEUM ACTIVELY ENGAGES THE VIEWER TO DISCOVER RELEVANT, TRANSFORMATIVE, AND SIGNIFICANT MOMENTS IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN. WE BRING TOGETHER PEOPLE FROM DETROIT AND OUR REGION, THE CRANBROOK COMMUNITY, AND SOCIETY AT LARGE TO PROVOKE NEW IDEAS. WE ACHIEVE THIS AT CRANBROOK EDUCATIONAL COMMUNITY, A NATIONAL HISTORIC LANDMARK, WHERE THE PURSUIT OF KNOWLEDGE AND INNOVATION IS PARAMOUNT. THE ART MUSEUM MEMBERSHIP CONSISTS OF 5,972 MEMBERS. 2449998 0 1106932 THE CRANBROOK INSTITUTE OF SCIENCE MISSION IS TO ADVANCE SCIENTIFIC LITERACY, NURTURE CURIOSITY AND ENCOURAGE ADVOCACY FOR THE NATURAL AND CULTURAL WORLDS IN WHICH WE LIVE. THE SCIENCE MUSEUM MEMBERSHIP CONSISTS OF 1,510 MEMBERS. 1534163 0 154688 THE CRANBROOK CENTER FOR COLLECTIONS AND RESEARCH REVEALS THE CRANBROOK STORY AND OFFERS INTELLECTUAL AND EXPERIENTIAL ENGAGEMENT WITH ITS LEGACY. BY SUSTAINING AND INTERPRETING THE COMMUNITY'S UNPARALLELED LANDSCAPE, ARCHITECTURE, COLLECTIONS, AND ARCHIVES, THE CENTER PROVIDES MEMORABLE EDUCATIONAL EXPERIENCES AND MEANINGFUL RESEARCH OPPORTUNITIES FOR REGIONAL, NATIONAL, AND INTERNATIONAL AUDIENCES. 1534163 0 154688 63148365 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 347 0 1 1268 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEFF BOLTON 2486453110 PO BOX 801 BLOOMFIELD HILLS MI 483030801 LINDA H GIILLUM CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 MARK L REUSS PAST CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 MICHAEL E BERGER VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 JEFFREY A HARRIS VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 STEPHEN R POLK VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 WARREN E ROSE VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 SIDHDHARTH D SHETH VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 PAMELA APPLEBAUM TRUSTEE 5.00 0.00 X 0 0 0 TERRY BARCLAY TRUSTEE 5.00 0.00 X 0 0 0 JIM BERLINE TRUSTEE 5.00 0.00 X 0 0 0 CHASE BRAND TRUSTEE 5.00 0.00 X 0 0 0 AMBER DAWKINS TRUSTEE 5.00 0.00 X 0 0 0 DENISE ANTON DAVID TRUSTEE 5.00 0.00 X 0 0 0 LEE B GHESQUIERE TRUSTEE 5.00 0.00 X 0 0 0 JENNIFER GILBERT TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER P ILITCH TRUSTEE 5.00 0.00 X 0 0 0 JAMES A KELLY TRUSTEE 5.00 0.00 X 0 0 0 BROCK R LANDRY TRUSTEE 5.00 0.00 X 0 0 0 TREVOR F LAUER TRUSTEE 5.00 0.00 X 0 0 0 SETH MELTZER TRUSTEE 5.00 0.00 X 0 0 0 MARC SCHWARTZ TRUSTEE 5.00 0.00 X 0 0 0 JAMES SCHWYN TRUSTEE 5.00 0.00 X 0 0 0 LEE M SMITH TRUSTEE 5.00 0.00 X 0 0 0 SANDRA A SMITH TRUSTEE 5.00 0.00 X 0 0 0 ROBERT S TAUBMAN TRUSTEE 5.00 0.00 X 0 0 0 NANCY TELLEM TRUSTEE 5.00 0.00 X 0 0 0 GEORGE TEPE TRUSTEE 5.00 0.00 X 0 0 0 LINZIE VENEGAS TRUSTEE 5.00 0.00 X 0 0 0 DEBORAH WAHL TRUSTEE 5.00 0.00 X 0 0 0 ELIZABETH LARSON WILLOUGHBY TRUSTEE 5.00 0.00 X 0 0 0 ROBERT T WILSON TRUSTEE 5.00 0.00 X 0 0 0 AIMECLAIRE ROCHE PRESIDENT 60.00 0.00 X 485482 0 40244 RODERICK SPEARIN COO AND TREASURER 60.00 0.00 X 294320 0 38353 JOAN PENROD SECETARY 60.00 0.00 X 83606 0 12532 JENNY CEDERSTROM COO AND TREASURER 60.00 0.00 X 0 0 0 JEFFREY R SUZIK DIRECTOR OF SCHOOLS 60.00 0.00 X 377438 0 28022 PAUL C SACARIDIZ DIRECTOR OF ART ACADEMY 60.00 0.00 X 265247 0 33279 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 60.00 0.00 X 254489 0 27488 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 60.00 0.00 X 221514 0 41395 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 60.00 0.00 X 195221 0 32685 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSIONS 60.00 0.00 X 250818 0 35737 JEFFREY M BOLTON CHIEF FINANCIAL OFFICER 60.00 0.00 X 203569 0 36171 HAROLD BROWN DIRECTOR OF ADVACEMENT 60.00 0.00 X 187158 0 30277 ZAINEB HUSSAIN ASSISTANT DIRECTOR OF SCHOOLS 60.00 0.00 X 178294 0 34364 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 60.00 0.00 X 180854 0 15639 3178010 0 406186 76 0 1 0 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 10087 FOOD SERVICE 6316125 QUINN EVANS ARCHITECTS INC 219 1/2 N MAIN STREET ANN ARBOR MI 48104 BUILDING CONTRACTOR 782124 EVANS & SUTHERLAND COMPUTER CORP 770 KOMAS DRIVE SALT LAKE CITY UT 84108 COMPUTER CONSULTANTS 571550 STONELEIGH CONSTRUCTION 2553 GROVE CIRCLE COMMERCE TWP MI 48382 BUILDING CONTRACTOR 550285 REIBITZ BUILDING 6945 DANDISON BLVD WEST BLOOMFIELD MI 48324 BUILDING CONTRACTOR 541607 29 1525659 765388 12557317 2086043 14848364 CRANBROOK SCHOOLS K-12 611610 55253897 55253897 SUMMER PROGRAMS 611710 3021749 3021749 ART ACADEMY TUITION 611610 2879583 2879583 INSTITUTE OF SCIENCE 611600 1106932 1106932 CENTER FOR COLLECTIONS 611710 154688 154688 62416849 2998819 186886 2811933 621599 689515 -67916 -67916 -67916 45573027 500 39100418 0 6472609 500 6473109 6473109 935986 1525659 1431731 -495745 -495745 17015 8940 8075 8075 693941 504913 189028 189028 AUXILIARY 561499 297683 297683 REBATES & REFUNDS 900099 172168 172168 CAFE 722514 163640 163640 115846 115846 749337 87119920 62416849 186886 9667821 2750008 2750008 2663123 682523 1067151 913449 42750637 29594695 9664937 3491005 2553298 1736945 587576 228777 6868386 4913628 1450728 504030 3296316 2225927 783311 287078 843865 484092 359773 314746 314746 368906 368906 242495 242495 1144927 1144927 3530073 2234633 1295440 644980 185307 68516 391157 2800032 2285209 128495 386328 1335036 318627 863817 152592 5073465 885922 4139210 48333 791166 618350 45676 127140 2103409 1621506 154361 327542 2604430 366 2603754 310 9005290 5134659 3870631 1651028 57473 1582039 11516 FOOD SERVICE SCHOOLS 4286312 4286312 ALLOCATIONS 3391350 2365806 738636 286908 MEMBERSHIP DUES 557543 432623 71044 53876 DONATIONS/AWARDS/MEMORI 290862 158512 77500 54850 1052018 175242 119542 757234 102913701 63148365 31500716 8264620 11921 12421 26797160 21521690 19086074 15021282 1056879 1164546 3751471 2501471 906702 657062 1311571 1266184 350236058 193426212 158791580 156809846 134668090 144619561 146238313 151218968 1289030 1029221 493908791 495822252 10553933 9412401 18153079 17571354 58372434 57637302 923593 643295 88003039 85264352 X 222730740 229030647 183175012 181527253 405905752 410557900 493908791 495822252 X -15793781 19264990 17346 1163593 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 274563598 4214440 24400931 15273594 2193839 285711536 262400365 8982698 17808833 14685290 -56992 274563598 303347908 4241048 -30221828 14641549 325214 262400365 228314750 6638982 81010123 12522169 93778 303347908 230922558 2823400 8618189 13963953 85444 228314750 0.48280 0.29550 0.22170 0 0 15869942 15869942 81010449 52785525 28224924 219705332 114230961 105474371 29707770 26409726 3298044 3942565 3942565 156809846 NATURAL RESOURCES, ENERGY PROGRAMS 2848700 F LONG SHORT HEDGE FUND 41535107 F ABSOLUTE RETURN HEDGE FUND 34638434 F DOMESTIC PRIVATE EQUITY 44926034 F VENTURE CAPITAL 26518928 F REAL ESTATE 751765 F 151218968 CAPITAL LEASES PAYABLE 643295 643295 107888963 19264990 17346 2631634 21913970 85974993 1144927 1144927 87119920 103236815 2631634 2631634 100605181 1144927 1163593 2308520 102913701 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 CENTER FOR COLLECTIONS AND RESEARCH 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 XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 689,515. DIRECT EXPENSES - FUNDRAISING 1,431,731. DIRECT EXPENSES - GAMING 5,475. COST OF SALES 504,913. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 689,515. DIRECT EXPENSES - FUNDRAISING 1,431,731. DIRECT EXPENSES - GAMING 5,475. COST OF SALES 504,913. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP 1,163,593. 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 171199608 0 0 0 0 0 0 171199608 0 171199608 1 0 1 1 1 0 SCHEDULE F, PART I, LINE 3, COLUMN F: TOTAL EXPENDITURES FOR AND INVESTMENTS IN THE REGION: $171,199,608 X X X X 1 GIVE CAMPUS INC 99 M ST SE STE 233 WASHINGTON DC 20003 TEXT TO GIVE 0 20097 41014 -20917 GRENZEBACH GILER & ASSOCIATES PO BOX 775324 CHICAGO IL 60677 DEVELOPMENT CAMPAIGN ADVISORS 0 0 122097 -122097 DETROIT CULTIVATED 2937 E GRAND BLVD DETROIT MI 48202 EVENT PLANNER 0 0 93676 -93676 MEDIA GENESIS 1441 E MAPLE RD 200 TROY MI 48083 WEBSITE CONSULTING, WEBSITE MAINTENANCE 0 0 20000 -20000 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 PLANNED GIVING CONSULTS 0 0 19708 -19708 20097 296495 -276398 MI WINDOWS TO WORLD SCHOOL 929036 705776 223260 300 106810 48425 524316 WOMEN ROCK SCIENCE 255582 236907 18675 1880 21421 174 43973 12 1277027 582976 694051 10302 238595 2168 433367 2461645 1525659 935986 12482 366826 50767 1001656 1431731 -495745 17015 5075 3465 400 1 0.38000 17015 5075 3465 400 8940 8075 MI 1 0 1 0 0.30000 0.70000 RITA STEDMAN PO BOX 801 BLOOMFIELD HILLS MI 483030801 0 RITA STEDMAN RECORDKEEPING X 0 1 TUITION REMISSION - SCHOOLS 84 2631051 N/A N/A WORK STUDY - CAA 26 87184 N/A N/A DEPARTMENT ASSISTANTS - CAA 18 31773 N/A N/A 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 REGISTRAR'S OFFICE AT THE ART ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 AIMECLAIRE ROCHE PRESIDENT 470482 0 15000 0 0 0 21327 0 18917 0 525726 0 0 0 JEFFREY R SUZIK DIRECTOR OF SCHOOLS 377438 0 0 0 0 0 18954 0 9068 0 405460 0 0 0 RODERICK SPEARIN COO AND TREASURER 279320 0 15000 0 0 0 19595 0 18758 0 332673 0 0 0 PAUL C SACARIDIZ DIRECTOR OF ART ACADEMY 265247 0 0 0 0 0 12408 0 20871 0 298526 0 0 0 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSIONS 215818 0 35000 0 0 0 17034 0 18703 0 286555 0 0 0 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 254489 0 0 0 0 0 18074 0 9414 0 281977 0 0 0 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 221514 0 0 0 0 0 17842 0 23553 0 262909 0 0 0 JEFFREY M BOLTON CHIEF FINANCIAL OFFICER 203569 0 0 0 0 0 12654 0 23517 0 239740 0 0 0 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 195221 0 0 0 0 0 13934 0 18751 0 227906 0 0 0 HAROLD BROWN DIRECTOR OF ADVACEMENT 187158 0 0 0 0 0 11708 0 18569 0 217435 0 0 0 ZAINEB HUSSAIN ASSISTANT DIRECTOR OF SCHOOLS 178294 0 0 0 0 0 10974 0 23390 0 212658 0 0 0 ELIZABETH BEADLE DIRECTOR OF HUMAN RESOURCES 180854 0 0 0 0 0 13980 0 1659 0 196493 0 0 0 PART I, LINE 1A THE PRESIDENT OF CRANBROOK EDUCATIONAL COMMUNITY, 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. A ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2010-10-01 26515000 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT CORP OF OAKLAND COUNTY 383442443 2014-09-25 36390000 SEE PART VI 0 0 0 A 180000 26515000 101443 199000 24898557 1316000 2011 0 1 1 1 B 4880000 36390000 2009 1 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 A 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 B 0 1 0 0 1 1 GOLDMAN SACHS 30.000000000000 0 0 0 0 0 A 1 B 1 PART 1, LINE A, COLUMN F THE $26,515,000. SERIES 2010 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO FINANCE CAPITAL PROJECTS (INCLUDING CONSTRUCTION AND EQUIPPING A GIRLS MIDDLE SCHOOL BUILDING, 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). PART I, LINE B, COLUMN F THE $36,390,000. SERIES 2014 ADJUSTABLE RATE BONDS WERE ISSUED TO BENEFIT CRANBROOK EDUCATIONAL COMMUNITY TO REFUND THE SERIES 2007 BONDS (DATE OF ISSUE NOVEMBER 1, 2007) IN FULL. 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). X 45 640381 FMV X 1714 COST X 4158 COST X 31 1309083 AVG MARKET VALUATION X 5 11775 FMV X AUCTION ITEMS 16 63005 COST X FUNDRAISING 36 55928 COST 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 SANDRA SMITH AND ROBERT WILSON, BOTH TRUSTEES OF THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP WITH ONE ANOTHER, ROBERT S. TAUBMAN AND DENISE ANTON DAVID HAVE A WORKING RELATIONSHIP OUTSIDE OF CRANBROOK EDUCATIONAL COMMUNITY. 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 11B 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 1,163,593. ELLEN F PRICE CHARITABLE REMAINDER UNITRUST DTD 101207 CHARITABLE REMAINDER TRUST MI N/A T 653361 0.52760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0