Overview
What is Cleveland Institute Of Music?
The Cleveland Institute of Music (CIM) is a renowned independent conservatory in Cleveland, Ohio. It is one of only seven music institutions in the United States dedicated exclusively to classical music performance, with a roster of talented students who have access to visiting artists, conductors, and a stellar faculty. CIM's curriculum, in partnership with Case Western Reserve University, equips graduates with the skills to excel on world-class stages as soloists, chamber musicians, and ensemble members. Many Cleveland Orchestra members have ties to CIM as faculty, alumni, or both. The organization offers scholarships and financial aid, totaling approximately $9.3 million annually, to more than 1,000 students in private and group lessons, classes, and ensembles. CIM is deeply rooted in Cleveland's arts community, presenting over 400 free performances and masterclasses on campus and throughout the city each year. The mission of CIM is to empower the world's most talented classical music students to realize their dreams and potential.
Official website here: www.cim.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Cleveland Institute of Music has achieved a remarkable 100% rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in financial transparency and governance, showcasing a fully independent board and well-structured financial oversight. With a strong program expense ratio of 72.65%, it demonstrates a commitment to directing funds toward its mission and educational programs.
Strengths highlighted in the rating include a lack of material diversion of assets and comprehensive policies such as conflict of interest and whistleblower protections. Additionally, the institute maintains transparency by posting relevant documents, including tax forms and board meeting minutes, on its website. These factors contribute to its overall credibility and reliability as a nonprofit organization.
There are no significant limitations noted in the data, reinforcing the Cleveland Institute of Music's status as a reputable and trustworthy nonprofit. Its focused efforts on financial responsibility and governance serve to enhance its mission of providing quality music education and fostering musical talent.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland Institute Of Music legitimate?
Cleveland Institute Of Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Institute Of Music submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,486,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,122,749
For more financial information, click here
Official website here: www.cim.edu
What is the mission statement of Cleveland Institute Of Music?
The Cleveland Institute of Music (CIM) is dedicated to helping the world's most gifted classical music students reach their full potential. As one of only seven independent music conservatories in the US, CIM offers unparalleled opportunities for students to learn from renowned visiting artists, conductors, and a stellar faculty. CIM's rigorous curriculum, in partnership with Case Western Reserve University, prepares graduates for prestigious stages around the world as soloists, ensemble members, and composers. Many members of the Cleveland Orchestra have ties to CIM. In addition, CIM's Preparatory and Continuing Education Division supports over a thousand enrollments in private and group lessons, classes, and ensembles. CIM provides nearly 400 free performances and master classes on campus and in the community each year and offers approximately $9.3 million in scholarships and financial aid to its students.
Official website here: www.cim.edu
Who is the CEO of Cleveland Institute Of Music?
Brian Foss is the Trustee of Cleveland Institute Of Music. The CEO's salary of Cleveland Institute Of Music is $464,122 and their total compensation is $534,181.
Official website here: www.cim.edu
What is the revenue of Cleveland Institute Of Music?
Cleveland Institute Of Music's revenue in 2022 was $45,555,038.
Official website here: www.cim.edu
Who are the executives of Cleveland Institute Of Music and what are their salaries?
The average compensation at Cleveland Institute Of Music during 2022 was $25,022. There are 424 employees and 140 volunteers at Cleveland Institute Of Music.
Here are 44 key members and their salaries (Cleveland Institute Of Music's CEO's salary is $464,122 and their total compensation is $534,181):
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Official website here: www.cim.edu
Where can I find the form 990 for Cleveland Institute Of Music?
Cleveland Institute Of Music's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cim.edu
Learn more at the official website: www.cim.edu
Mission Statement of Cleveland Institute Of Music
The Cleveland Institute of Music (CIM) is a prestigious music conservatory that empowers the world's most gifted classical music students to realize their dreams and reach their full potential. Established as one of just seven independent conservatories of music in the United States, CIM is unique in its dedication to classical music performance. Students at CIM benefit from interactions with renowned visiting artists and conductors, intensive study under CIM's exceptional faculty, and a rigorous curriculum offered in collaboration with Case Western Reserve University.
Graduates of CIM go on to command the world's most esteemed and respected stages as soloists, chamber musicians, and ensemble members. They compose award-winning repertoire and are sought-after teaching artists, administrators, and thought leaders. Over half of the members of the Cleveland Orchestra have ties to CIM, either as faculty, alumni, or both. The Preparatory and Continuing Education Division of CIM supports around 1,000 enrollments in private and group lessons, classes, and ensembles. CIM is an integral part of Cleveland's arts community, presenting approximately 400 free performances and master classes on campus and throughout the area each year. During this fiscal year, CIM awarded approximately $9.3 million in scholarships and financial aid to its students.
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Impact
October, 2024
The Cleveland Institute of Music (CIM) plays a transformative role in the landscape of classical music education and performance. By empowering talented students to realize their artistic potential, CIM cultivates the next generation of musicians who excel on the world's most prestigious stages. As one of the few independent conservatories in the United States focused exclusively on classical music, CIM provides a unique environment where students can thrive, benefiting from the mentorship of a world-class faculty and access to renowned visiting artists.
CIM’s integration with Case Western Reserve University broadens its educational offerings, creating a rich and diverse curriculum that nurtures both performance skills and academic growth. Graduates emerge equipped not only as exceptional performers—many holding positions in esteemed ensembles like the Cleveland Orchestra—but also as influential educators, administrators, and innovators in the music field.
Beyond its degree programs, CIM's commitment to community engagement is evident through nearly 400 free performances and master classes each year, which enhance the cultural fabric of Cleveland. Furthermore, its Preparatory and Continuing Education Division serves about 1,000 students, fostering a love for music at every stage of life and making the art form accessible to all.
Financially, CIM demonstrates its dedication by offering approximately $9.3 million in scholarships and financial aid, ensuring that talented individuals can pursue their dreams regardless of their financial situation. Through these efforts, the Cleveland Institute of Music not only develops extraordinary musicians but also enriches the arts community and contributes to the cultural vitality of Cleveland and beyond.
This information is meant to be a general summary of Cleveland Institute Of Music. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,145,893
- Program Service Revenue: $19,260,113
- Gross Receipts: $53,497,717
Assets and Liabilities:
- Total Assets: $139,521,032
- Total Liabilities: $46,752,068
- Net Assets: $92,768,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$17,808,252
DORM REVENUE
Revenue
$1,287,023
PARKING REVENUE
Revenue
$52,136
TICKET SALES
Revenue
$19,762
RECORDING SERVICES
Revenue
$16,375
Organization Details
Founding Year
1920
Phone
(216) 791-5000Principal Officer
Brian Foss
Main Address
11021 EAST BLVD, CLEVELAND, OH, 44106
Website
www.cim.eduNTEE Category
Code: B500 - Education
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