2026-04-30T15:20:35-05:00 2025-06-30 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2024-07-01 382015048 CRANBROOK EDUCATIONAL COMMUNITY CRAN 2486453000 PO BOX 801 BLOOMFIELD HILLS MI 483030801 JENNY CEDERSTROM COO 2486453000 2026-04-29 1 1 DAVID LOWENTHAL P00378651 2483757100 2026-04-29 2024 2025-03-06 01:10:19Z AIMECLAIRE ROCHE PO BOX 801 BLOOMFIELD HILLS MI 483030801 126305659 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 1337 593 -1313234 0 14848364 15736629 62416849 67482246 9471928 16496602 382779 211888 87119920 99927365 2750008 2871273 0 0 58131760 58727355 242495 77482 6244266 41789438 40783454 102913701 102459564 -15793781 -2532199 495822252 505844733 85264352 84820180 410557900 421024553 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 51156210 2752479 62110321 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 2024 ENROLLMENT WAS 1,661 STUDENTS, 818 STUDENTS WERE GRADES 9TH THRU 12TH, OF THOSE 257 WERE BOARDING STUDENTS. LOWER SCHOOL PRE-K THRU 5TH GRADE, 507 STUDENTS, MIDDLE SCHOOL GRADES 6TH THRU 8TH WERE 336 STUDENTS. 11456473 118794 3917739 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 112 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 5,986 MEMBERS. 3940836 0 1114137 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 1,560 MEMBERS. 1223899 340049 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. 1223899 340049 67777418 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 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 268 0 1 1337 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 0 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 MICHAEL E BERGER CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 LINDA H GIILLUM IMMEDIATE PAST 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 1ST VICE CHAIR - TRUSTEE 5.00 0.00 X X 0 0 0 JENNIFER GILBERT 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 AMBER DAWKINS TRUSTEE 5.00 0.00 X 0 0 0 DENISE ANTON DAVID TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER P ILITCH TRUSTEE 5.00 0.00 X 0 0 0 KELLE ILITCH TRUSTEE 5.00 0.00 X 0 0 0 BROCK R LANDRY TRUSTEE 5.00 0.00 X 0 0 0 BETH LIBERMAN TRUSTEE 5.00 0.00 X 0 0 0 DON MANVEL TRUSTEE 5.00 0.00 X 0 0 0 BEN C MEEKER TRUSTEE 5.00 0.00 X 0 0 0 SETH MELTZER TRUSTEE 5.00 0.00 X 0 0 0 MARK L REUSS 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 ALYSON L TIMKO 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 AIMCLAIRE ROCHE PRESIDENT 60.00 0.00 X 482735 0 95520 RODERICK SPEARIN COO AND TREASURER - PART YEAR 60.00 0.00 X 808654 0 21901 JENNY CEDERSTROM COO AND TREASURER 60.00 0.00 X 174414 0 53635 ERICA STEFANI SECRETARY 50.00 0.00 X 86816 0 15549 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 60.00 0.00 X 200535 0 56512 JEFFREY R SUZIK DIRECTOR OF SCHOOLS 60.00 0.00 X 398863 0 71138 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 60.00 0.00 X 223689 0 68700 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 60.00 0.00 X 262825 0 56294 JEFFREY M BOLTON CHIEF FINANCIAL OFFICER 60.00 0.00 X 210617 0 40285 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSIONS 60.00 0.00 X 254756 0 38790 VIJAY IYER CHIEF COMMUICATIONS OFFICER 60.00 0.00 X 254264 0 52499 ZAINEB HUSSAIN ASSISTANT DIRECTOR OF SCHOOLS 60.00 0.00 X 182995 0 38302 NOEL DOUGHERTY HEAD OF UPPER SCHOOLS 60.00 0.00 X 177919 0 39794 3719082 0 648919 84 0 1 0 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 10087 FOOD SERVICE 5642208 THE ALBERT M HIGLEY CO LLC 3636 EUCLID AVENUE CLEVELAND OH 44115 CONSTRUCTION 2412763 BSI PAVING 2651 METAMORA ROAD OXFORD MI 48371 CONSTRUCTION/PAVING 423294 STONELEIGH CONSTRUCTION 2553 GROVE CIRCLE COMMERCE TWP MI 48382 CONSTRUCTION 414260 REIBITZ BUILDING LLC 6945 DANDISON BOULEVARD WEST BLOOMFIELD MI 48324 CONSTRUCTION 238000 28 2035334 784614 12916681 1012078 15736629 CRANBROOK SCHOOLS K-12 611610 58743215 58743215 SUMMER PROGRAMS 611710 3367106 3367106 ART ACADEMY TUITION 611610 3352578 3352578 INSTITUTE OF SCIENCE 611600 1114137 1114137 CENTER FOR COLLECTIONS 611710 340049 340049 565161 565161 67482246 2632634 -1313234 3945868 554780 634420 -79640 -79640 -79640 37660882 1940 23798854 0 13862028 1940 13863968 13863968 537614 2035334 1149871 -612257 -612257 10300 5000 5300 5300 725301 790149 -64848 -64848 AUXILIARY 561499 600712 600712 REBATES & REFUNDS 900099 57306 57306 305315 305315 963333 99927365 67482246 -1313234 18021724 2871273 2871273 2536573 632570 863857 1040146 43047388 30663616 9741434 2642338 2718169 1827471 708929 181769 7119619 3996061 2620144 503414 3305606 2301275 752193 252138 142656 55881 86775 281342 281342 77482 77482 1221268 1221268 3751047 2407666 832502 510879 407813 179829 41916 186068 2303378 1798129 233759 271490 2054449 863849 1054760 135840 8247138 2948787 5244475 53876 464087 390893 26885 46309 2496973 2043652 148515 304806 2832795 457 2832280 58 8800432 8343808 456624 1742935 517291 1225644 FOOD SERVICE SCHOOLS 4835762 4835762 MEMBERSHIP DUES 398996 326573 37815 34608 DONATIONS/AWARDS/MEMORI 200572 191631 5896 3045 601811 580944 20867 102459564 67777418 28437880 6244266 12421 14121 21521690 16821329 15021282 14870432 1164546 293115 2501471 1250921 657062 694228 1266184 1099585 357042775 202129552 156809846 154913223 144619561 165532647 151218968 149329915 1029221 1025217 495822252 505844733 9412401 9349370 17571354 17970768 57637302 56902172 643295 597870 85264352 84820180 X 229030647 228390861 181527253 192633692 410557900 421024553 495822252 505844733 X -2532199 13120041 12500 -133689 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 285711536 3315378 26505748 14267426 -140490 301405726 274563598 4214440 24400931 15273594 2193839 285711536 262400365 8982698 17808833 14685290 -56992 274563598 303347908 4241048 -30221828 14641549 325214 262400365 228314750 6638982 81010123 12522169 93778 303347908 0.46920 0.29410 0.23670 0 0 15869942 15869942 81010448 54468466 26541982 222526604 120049736 102476868 30921846 27611350 3310496 6713935 6713935 154913223 NATURAL RESOURCES, ENERGY PROGRAMS 4884341 F LONG SHORT HEDGE FUND 27609043 F ABSOLUTE RETURN HEDGE FUND 39313805 F DOMESTIC PRIVATE EQUITY 45285784 F VENTURE CAPITAL 28500980 F REAL ESTATE 3735962 F 149329915 CAPITAL LEASES PAYABLE 597870 597870 114417528 13120041 12500 2578890 15711431 98706097 1221268 1221268 99927365 103950875 2578890 2578890 101371985 1221268 -133689 1087579 102459564 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 634,420. DIRECT EXPENSES - FUNDRAISING 1,149,871. DIRECT EXPENSES - GAMING 4,450. COST OF SALES 790,149. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 634,420. DIRECT EXPENSES - FUNDRAISING 1,149,871. DIRECT EXPENSES - GAMING 4,450. COST OF SALES 790,149. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARKET VALUATION ADJUSTMENT OF INTEREST RATE SWAP -133,689. 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. POLICY IS ALSO POSTED TO OUR PUBLICLY AVAILABLE WEBSITE. SCHEDULE E, PART I, LINE 6 CRANBROOK RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 178426216 0 0 0 0 0 0 178426216 0 178426216 1 0 1 1 1 0 X X X X 1 HURON CONSULTING SERVICES INC PO BOX 71223 CHICAGO IL 60694 TO HELP ADVANCE THE FUNDRAISING STRATEGIES, TEAMS,OPERATIONS 0 0 77482 -77482 77482 -77482 MI WINDOWS TO WORLD SCHOOL 898575 733525 165050 184852 90758 170839 4882 CAA/M FUNDRAISER - CRANDEMONIUM/COM 500350 438500 61850 15658 79984 32369 212291 7 1174023 863309 310714 179120 53735 125383 2572948 2035334 537614 200510 349862 256943 342556 1149871 -612257 1 TUITION REMISSION - SCHOOLS 90 2752479 N/A N/A WORK STUDY - CAA 22 74605 N/A N/A DEPARTMENT ASSISTANTS - CAA 15 44189 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 1 0 0 0 0 0 0 0 RODERICK SPEARIN COO AND TREASURER - PART YEAR 507088 0 0 0 301566 0 10697 0 11204 0 830555 0 0 0 AIMCLAIRE ROCHE PRESIDENT 482735 0 0 0 0 0 73133 0 22387 0 578255 0 0 0 JEFFREY R SUZIK DIRECTOR OF SCHOOLS 398863 0 0 0 0 0 60125 0 11013 0 470001 0 0 0 EILEEN SAVAGE CHIEF ADVANCEMENT OFFICER 262825 0 0 0 0 0 45397 0 10897 0 319119 0 0 0 VIJAY IYER CHIEF COMMUICATIONS OFFICER 254264 0 0 0 0 0 41629 0 10870 0 306763 0 0 0 ANDREW MILLER III DIRECTOR OF SCHOOLS ADMISSIONS 219756 0 35000 0 0 0 17517 0 21273 0 293546 0 0 0 MICHAEL STAFFORD DIRECTOR OF SCIENCE MUSEUM 223689 0 0 0 0 0 41530 0 27170 0 292389 0 0 0 ANDREW K BLAUVELT DIRECTOR OF ART MUSEUM 200535 0 0 0 0 0 35042 0 21470 0 257047 0 0 0 JEFFREY M BOLTON CHIEF FINANCIAL OFFICER 210617 0 0 0 0 0 13146 0 27139 0 250902 0 0 0 JENNY CEDERSTROM COO AND TREASURER 174414 0 0 0 0 0 41588 0 12047 0 228049 0 0 0 ZAINEB HUSSAIN ASSISTANT DIRECTOR OF SCHOOLS 182995 0 0 0 0 0 11287 0 27015 0 221297 0 0 0 NOEL DOUGHERTY HEAD OF UPPER SCHOOLS 177919 0 0 0 0 0 12807 0 26987 0 217713 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. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: RODERICK SPEARIN - $301,566 THE FOLLOWING INDIVIDUALS PARTICATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BUT DID NOT RECEIVE A DISTRIBUTION OR HAVE AN AMOUNT VEST IN THE PLAN. UNDER THE PLAN, AMOUNTS DO NOT VEST UNTIL RETIREMENT, WITH 12 MONTHS ADVANCED WRITTEN NOTICE OF RETIREMENT REQUIRED. AIMCLAIRE ROCHE JEFFREY R SUZIK EILEEN SAVAGE VIJAY IYER MICHAEL STAFFORD ANDREW K BLAUVELT JENNY CEDERSTROM 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 335000 26515000 101443 199000 24898557 1316000 2011 0 1 1 1 B 5475000 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 13 48726 FMV X 259 COST X 15670 COST X 33 901491 AVG MARKET VALUATION X 1 7500 FMV X 4 9892 FMV X FUNDRAISING 36 24540 COST X AUCTION ITEMS 1 4000 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, CHRISTOPHER ILITCH AND KELLE ILITCH HAD A FAMILY RELATIONSHIP, ROBERT S. TAUBMAN AND DENISE ANTON DAVID HAVE A WORKING RELATIONSHIP OUTSIDE OF CRANBROOK EDUCATIONAL COMMUNITY. 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 -133,689. ELLEN F PRICE CHARITABLE REMAINDER UNITRUST DTD 101207 CHARITABLE REMAINDER TRUST MI N/A T 496914 0.52760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0