Cranbrook Educational Community
- Assets
- $429.1m
- Revenue
- $86.6m
- Investments
- $128.0m
- Employees
- 1,008
- Location
- Bloomfield Hills, MI
- Founding
- 06/1973
- Data as of
- 06/2020
- EIN
- 38-2015048
Organization Overview
Cranbrook Educational Community is located in Bloomfield Hills, MI. The organization was established in 1973. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cranbrook Educational Community employed 1,008 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cranbrook Educational Community is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Cranbrook Educational Community generated $86.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $83.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2020 ENROLLMENT WAS 1,618 STUDENTS, 798 STUDENTS WERE GRADES 9TH THRU 12TH, OF THOSE, 238 WERE BOARDING STUDENTS. LOWER SCHOOL PRE-K THRU 5TH GRADE, 474 STUDENTS, MIDDLE SCHOOL GRADES 6TH THRU 8TH WERE 346 STUDENTS.
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 126 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 644 MEMBERS.
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 4,792 MEMBERS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominic Dimarco President | Officer | 50 | $458,551 |
Aimeclaire Roche Director Of Schools | Officer | 50 | $368,472 |
Roderick Spearin COO And Treasurer | Officer | 50 | $239,875 |
Eileen Savage Chief Advancement Officer | Officer | 50 | $217,976 |
Michael Stafford Director Of Science Museum | Officer | 50 | $203,386 |
Thomas J Decraene Asst Director Of Schools | 50 | $200,490 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Compass Group Usa Food Service | 6/29/21 | $8,990,270 |
Frank Rewold & Son Inc Construction | 6/29/21 | $5,159,774 |
Mechanical Systems Services Llc Mechanical Contractor | 6/29/21 | $1,077,997 |
Mccarthy & Smith Inc Construction | 6/29/21 | $684,293 |
Johnson Controls Inc Construction | 6/29/21 | $749,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,461,941 |
| Investment income | $546,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$30,817 |
| Net Gain/Loss on Asset Sales | $16,283,990 |
| Net Income from Fundraising Events | -$27,975 |
| Net Income from Gaming Activities | $8,627 |
| Net Income from Sales of Inventory | $54,306 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,571,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,361,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,541,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,679,095 |
| Pension plan accruals and contributions | $1,795,702 |
| Other employee benefits | $6,756,435 |
| Payroll taxes | $2,647,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,130 |
| Fees for services: Accounting | $376,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $805,326 |
| Fees for services: Other | $2,281,015 |
| Advertising and promotion | $702,553 |
| Office expenses | $2,224,834 |
| Information technology | $709,204 |
| Royalties | $0 |
| Occupancy | $3,258,325 |
| Travel | $716,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,128,618 |
| Interest | $2,895,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,406,799 |
| Insurance | $1,232,973 |
| All other expenses | $0 |
| Total functional expenses | $83,073,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,910 |
| Savings and temporary cash investments | $3,747,475 |
| Pledges and grants receivable | $10,660,069 |
| Accounts receivable, net | $1,567,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $320,794 |
| Prepaid expenses and deferred charges | $975,782 |
| Investments—publicly traded securities | $114,501,272 |
| Investments—other securities | $128,042,042 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,265,389 |
| Total assets | $429,134,973 |
| Accounts payable and accrued expenses | $26,326,415 |
| Grants payable | $0 |
| Deferred revenue | $13,483,626 |
| Tax-exempt bond liabilities | $60,372,957 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $121,404 |
| Total liabilities | $100,304,402 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $328,830,571 |
Grants Recieved
Over the last fiscal year, we have identified 54 grants that Cranbrook Educational Community has recieved totaling $27,091,813.
| Awarding Organization | Amount |
|---|---|
Gilbert Family Foundation Detroit, MI PURPOSE: EDUCATIONAL | $21,875,000 |
Gilbert Family Foundation Detroit, MI PURPOSE: EDUCATIONAL | $3,293,780 |
Consumers Energy Foundation Jackson, MI PURPOSE: PROGRAM SUPPORT | $300,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $110,000 |
Jk Knights Foundation Boston, MA PURPOSE: SCHOLARSHIPS | $100,000 |
A Alfred Taubman Foundation Bloomfield Hills, MI PURPOSE: CRANBROOK SCHOOLS FUND CRANBROOK EDUCATIONAL COMMUNITY FUND | $100,000 |
Endowment Analysis
| Beg. Balance | $228,314,750 |
| Earnings | $81,010,123 |
| Admin Expense | $93,778 |
| Net Contributions | $6,638,982 |
| Other Expense | $12,522,169 |
| Ending Balance | $303,347,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohba Ohio Virtual Academy Maumee, OH | $8,133,239 | $140,755,185 |
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Cincinnati Hills Christian Academy Inc Cincinnati, OH | $107,697,396 | $28,223,940 |
Hathaway Brown School Shaker Heights, OH | $155,426,410 | $32,118,161 |
Hebrew Academy Of Cleveland Cleveland Heights, OH | $67,295,611 | $38,136,745 |
Cincinnati Country Day School Cincinnati, OH | $38,516,908 | $24,344,886 |