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cma.org Financial Summary July 1, 2018, to June 30, 2019 ($ in thousands)* Revenue and Expenses are for ongoing operations and excludes building-related income and expenses and capital projects. *To view full financial statement visit cma.org/annualreport. REVENUE Endowment and Other Revenue Endowment Revenue 18,364 Trust Revenue 14,353 Other Miscellaneous 503 Total Endowment and Other Revenue 33,220 Contributed Revenue Annual Appeal 1,175 Membership and Circles 5,719 Government Support 1,503 Sponsorship and Grants 8,592 Total Contributed Revenue 16,989 Earned Revenue Special Exhibition Ticket Revenue 2,538 Program Revenue 1,124 Retail, Parking, and Food Service 3,311 Total Earned Revenue 6,973 EXPENSES Operating Expenses Curatorial, Conservation, 20,213 Registrar, Programs, and Special Exhibitions Art Acquisitions 11,500 Facilities and Protection Services 8,472 General and Administrative 8,104 Philanthropy and External Relations 4,670 Depreciation 2,076 Retail, Parking, and Food Service 2,106 TOTAL REVENUE 57,182 TOTAL EXPENSES 57,141 TOTAL REVENUE 57,182 Total Earned Revenue 12% Total Contributed Revenue 30% Total Endowment and Other Revenue 58% TOTAL EXPENSES 57,141 Philanthropy and External Relations 8% Facilities and Protection Services 15% General and Administrative 14% Retail, Parking, and Food Service 4% Curatorial, Conservation, Registrar, Programs, and Special Exhibitions 35% Depreciation 4% Art Acquisitions 20% OFFICERS Peter E. Raskind, Chairman Dr. William M. Griswold, President, Director, and CEO Sarah S. Cutler, Vice Chair and Secretary Scott C. Mueller, Vice Chair James A. Ratner, Vice Chair Edward W. Bauer, Treasurer STANDING TRUSTEES Stephen W. Bailey Virginia N. Barbato Dean C. Barry Frederick E. Bidwell Leigh H. Carter Rev. Dr. Jawanza K. Colvin Sarah S. Cutler Richard H. Fearon Helen Forbes Fields Lauren Rich Fine Charlotte Fowler Robert W. Gillespie Christopher Gorman Agnes Gund Edward Hemmelgarn Cynthia Ames Huffman Michelle Jeschelnig Susan Kaesgen Nancy F. Keithley R. Steven Kestner William Litzler William P. Madar Milton Maltz Ellen Stirn Mavec Scott C. Mueller Stephen E. Myers Katherine Templeton O’Neill Jon H. Outcalt Dominic L. Ozanne Julia Pollock Alfred M. Rankin Jr. Peter E. Raskind James A. Ratner Richard P. Stovsky Felton Thomas Daniel P. Walsh Jr. John C. Walton Paul E. Westlake Jr. Loyal W. Wilson EMERITUS LEADERSHIP James T. Bartlett, Chair Emeritus Michael J. Horvitz, Chair Emeritus Michael Sherwin, Chair EmeritusTRUSTEES EMERITI James T. Bartlett James S. Berkman Charles P. Bolton Terrance C. Z. Egger Michael J. Horvitz Robert M. Kaye Toby Devan Lewis Alex Machaskee S. Sterling McMillan III Rev. Dr. Otis Moss Jr. William R. Robertson Elliott L. Schlang David M. Schneider Michael Sherwin† Eugene Stevens LIFE TRUSTEES Leigh Carter† Jon A. Lindseth Morton L. Mandel Mrs. Alfred M. Rankin Donna S. Reid Edwin M. Roth EX OFFICIO TRUSTEES Rebecca Carmi, Womens Council Megan Stinn, Column & Stripe HONORARY TRUSTEES Joyce G. Ames Helen Collis Robert D. Gries Malcolm Kenney Charlotte Rosenthal Kramer Robert Madison Tamar Maltz A. Grace Lee Mims John C. Morley Jane Nord James S. Reid Jr. Barbara S. Robinson Laura A. Siegal Dr. Evan Hopkins Turner Iris Wolstein †Deceased Board of Trustees As of June 30, 2019 2018 | 2019 Annual Report July 1, 2018 – June 30, 2019 CMA-19-18787 CMA 2018-19 Annual Report_R10.indd 1 12/17/19 4:00 PM

Cleveland Museum of Art - July 1, 2018, to June 30, 2019 ($ in … · 2020. 10. 21. · Catherine Glynn Benkaim and Barbara Timmer help the museum acquire 121 Rajput and Pahari paintings

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  • cma.org

    Financial SummaryJuly 1, 2018, to June 30, 2019 ($ in thousands)*

    Revenue and Expenses are for ongoing operations and excludes building-related income and expenses and capital projects.*To view full financial statement visit cma.org/annualreport.

    REVENUE

    Endowment and Other Revenue Endowment Revenue 18,364Trust Revenue 14,353Other Miscellaneous 503 Total Endowment and Other Revenue 33,220

    Contributed Revenue Annual Appeal 1,175 Membership and Circles 5,719Government Support 1,503Sponsorship and Grants 8,592

    Total Contributed Revenue 16,989

    Earned Revenue Special Exhibition Ticket Revenue 2,538 Program Revenue 1,124Retail, Parking, and Food Service 3,311

    Total Earned Revenue 6,973

    EXPENSESOperating Expenses

    Curatorial, Conservation, 20,213 Registrar, Programs, and Special Exhibitions

    Art Acquisitions 11,500

    Facilities and Protection Services 8,472

    General and Administrative 8,104

    Philanthropy and External Relations 4,670

    Depreciation 2,076

    Retail, Parking, and Food Service 2,106

    TOTAL REVENUE 57,182 TOTAL EXPENSES 57,141

    TOTAL REVENUE

    57,182

    Total Earned Revenue12%

    Total Contributed Revenue30%

    Total Endowment and Other Revenue58%

    TOTAL EXPENSES

    57,141

    Philanthropy and External Relations 8%

    Facilities and Protection Services 15%

    General and Administrative 14%

    Retail, Parking, and Food Service 4%

    Curatorial, Conservation, Registrar, Programs, and Special Exhibitions 35%

    Depreciation 4%

    Art Acquisitions 20%

    OFFICERSPeter E. Raskind, ChairmanDr. William M. Griswold, President, Director, and CEOSarah S. Cutler, Vice Chair and SecretaryScott C. Mueller, Vice Chair James A. Ratner, Vice Chair Edward W. Bauer, Treasurer

    STANDING TRUSTEESStephen W. BaileyVirginia N. BarbatoDean C. BarryFrederick E. BidwellLeigh H. CarterRev. Dr. Jawanza K. ColvinSarah S. CutlerRichard H. FearonHelen Forbes FieldsLauren Rich FineCharlotte FowlerRobert W. GillespieChristopher GormanAgnes GundEdward Hemmelgarn Cynthia Ames HuffmanMichelle Jeschelnig

    Susan KaesgenNancy F. KeithleyR. Steven KestnerWilliam LitzlerWilliam P. MadarMilton MaltzEllen Stirn MavecScott C. MuellerStephen E. MyersKatherine Templeton O’NeillJon H. OutcaltDominic L. OzanneJulia PollockAlfred M. Rankin Jr.Peter E. RaskindJames A. RatnerRichard P. StovskyFelton Thomas Daniel P. Walsh Jr.John C. WaltonPaul E. Westlake Jr.Loyal W. Wilson

    EMERITUS LEADERSHIP James T. Bartlett, Chair EmeritusMichael J. Horvitz, Chair Emeritus Michael Sherwin, Chair Emeritus†

    TRUSTEES EMERITI James T. BartlettJames S. BerkmanCharles P. BoltonTerrance C. Z. EggerMichael J. HorvitzRobert M. KayeToby Devan LewisAlex MachaskeeS. Sterling McMillan IIIRev. Dr. Otis Moss Jr.William R. RobertsonElliott L. SchlangDavid M. SchneiderMichael Sherwin† Eugene Stevens

    LIFE TRUSTEESLeigh Carter†Jon A. LindsethMorton L. MandelMrs. Alfred M. RankinDonna S. ReidEdwin M. Roth

    EX OFFICIO TRUSTEESRebecca Carmi, Womens CouncilMegan Stinn, Column & Stripe

    HONORARY TRUSTEESJoyce G. AmesHelen CollisRobert D. GriesMalcolm KenneyCharlotte Rosenthal KramerRobert MadisonTamar Maltz A. Grace Lee MimsJohn C. MorleyJane NordJames S. Reid Jr.Barbara S. RobinsonLaura A. SiegalDr. Evan Hopkins TurnerIris Wolstein

    †Deceased

    Board of Trustees As of June 30, 2019

    2018 | 2019 Annual ReportJuly 1, 2018 – June 30, 2019

    CMA-19-18787 CMA 2018-19 Annual Report_R10.indd 1 12/17/19 4:00 PM

  • Dear Friends,

    CMA staff, trustees, and supporters logged many impressive accomplishments during the fiscal year that ended on June 30, 2019. The museum experienced historic attendance, hosted a range of successful exhibitions, and made clear progress toward the goals of its 2017 strategic plan, steadily advancing its mission to create transformative experiences through art for the benefit of all the people forever.

    The CMA welcomed nearly 865,000 visitors—more than in any other 12-month period since the museum first opened its doors. If one adds the 142,000 people whom we estimate participated in our offsite programs, then we served an audience of more than 1 million during the past year. Millions more visited the CMA online; engaged with the museum’s collection by means of our new Open Access initiative; or encountered us on social media. A rising tide lifts all boats, and the year also saw increases in earned and contributed revenue, as well as a record number of members.

    The museum hosted a variety of successful exhibitions, starting with Yayoi Kusama: Infinity Mirrors. Catherine de’ Medici’s Valois Tapestries and Georgia O’Keeffe: Living Modern acquainted visitors with two of the most celebrated women in the history of art. Gordon Parks drew a broad audience, introducing visitors to a seminal period in the great photographer’s work. And Shinto: Discovery of the Divine in Japanese Art brought to Cleveland some 125 outstanding works, garnering attention locally as well as nationally and internationally. In addition, we reinstalled the museum’s galleries of Northern European paintings, sculpture, and decorative art as part of an ongoing effort to engage visitors with the CMA’s internationally renowned permanent collection.

    During the same period, we acquired hundreds of significant works of art, ranging from Filippo Parodi’s spectacular marble sculpture The Sleeping Christ Child, of about 1675, to Louis Hayet’s Post-Impressionist painting Bord de l’Oise and 121 paintings created for the rulers of India’s Rajput and Pahari kingdoms from the 1600s to the 1800s. Over the past two years, we have nearly doubled the number of schoolchildren who visit the museum. And we have assiduously pursued the goals of the Diversity, Equity, and Inclusion Plan that the board approved in 2018, significantly expanding both the number and the diversity of our summer interns, ensuring that each internship that we offer is paid.

    We are profoundly grateful to all those who have supported the accomplishments of the past year. The greatness of the Cleveland Museum of Art depends on the support of the community that we serve. And we could not be more appreciative of your generosity and enthusiasm for our work.

    Sincerely,

    JULYYayoi Kusama: Infinity Mirrors offers visitors an immersive experience of a groundbreaking Japanese artist and will attract more than 120,000 visitors from 23 countries and all 50 states.

    The museum is a major venue for the first FRONT International: Cleveland Triennial for Contemporary Art, presenting six exhibitions.

    A gift from June and Simon K.C. Li and a grant from The Andrew W. Mellon Foundation establish the Li Center for Chinese Paintings Conservation.

    The first Mary and Leigh Carter Director’s Research Fellow begins work in an endowed position that furthers the goals of the CMA’s strategic plan.

    AUGUSTWith support from the Cleveland Foundation’s Creative Fusion program, the CMA announces it will host six international composers who will create works inspired by the museum’s encyclopedic collection.

    The CMA shares its Diversity, Equity, and Inclusion Plan, garnering national press for its leadership in this industry-wide initiative.

    SEPTEMBER The CMA’s acclaimed City Stages series completes a summer of six free concerts with Gili Yalo’s combination of Ethiopian roots music and modern jazz on the Nord Family Greenway outside the museum.

    OCTOBER The Transformer Station opens In Her Image: Photographs by Rania Matar, featuring 43 large-scale portraitures that examine female identity in girlhood, adolescence, and middle age.

    Catherine Glynn Benkaim and Barbara Timmer help the museum acquire 121 Rajput and Pahari paintings from India courts in the 1600s to 1800s, and the art magazine Apollo names the gift to its shortlist for 2018 Acquisition of the Year.

    NOVEMBER The opening of Renaissance Splendor: Catherine de’ Medici’s Valois Tapestries showcases 14-foot-high hangings, including six recently restored tapestries on view for the first time in North America; 32,557 people see the exhibition, surpassing the museum’s goal.

    The CMA and the Cleveland Foundation host participants in the Ford and the Walton Family foundations’ Diversifying Art Museum Leadership Initiative (DAMLI) established to diversify the art museum field; the day opens with 2017 Pulitzer Prize winner Tyehimba Jess reading from a work inspired by Edmonia Lewis’s sculpture Indian Combat in the CMA collection.

    Georgia O’Keeffe: Living Modern opens and examines the fascinating connections between the paintings, personal style, and public persona of one of America’s most famous painters.

    The museum announces the acquisition of giltwood candle stands made by Thomas Chippendale, the first works by the important eighteenth-century cabinetmaker to join the CMA’s English furniture collection.

    DECEMBER The Northern European galleries reopen with support from CMA trustee Sarah S. Cutler and her husband, Alexander M. Cutler, as part of the CMA’s strategic goal to reimagine its galleries and give visitors greater context for artwork.

    Janice Hammond and CMA trustee Edward Hemmelgarn gift the museum Still Life with Meat, Fish, Vegetables, and Fruit by the Dutch painter Jacob van Hulsdonck.

    Seth Pevnick joins the museum as Curator of Greek and Roman Art.

    The museum announces the acquisition of Filippo Parodi’s Sleeping Christ Child, a monumental Italian Baroque sculpture from 1675.

    JANUARY The museum unveils its Open Access initiative to make high-resolution digital images and collections data freely available over the internet so artists, scholars, and virtual visitors can share and reuse images of 30,000 CMA artworks.

    FEBRUARY The first solo exhibition of Mexican artist Raúl de Nieves, Fina, opens at the Transformer Station and features a new site-specific installation of figurative sculptures.

    MARCHGordon Parks: The New Tide, Early Work 1940–1950 explores the pioneering work of this celebrated African American photographer and attracts 39,014 people, 122 percent of the museum’s goal.

    Trustee William Madar and his wife, Amanda, endow the William P. and Amanda C. Madar Curator of American Painting and Sculpture endowed position; Mark Cole, at the CMA since 2006, becomes the first to hold the title.

    APRILThe CMA announces the acquisition of 17 drawings from the golden age of Dutch art; the Louis Hayet’s neo-impressionist painting Banks of the Oise at Dawn; and the sculpture Laments: Death came and he looked like . . . created by Jenny Holzer in response to the AIDS epidemic.

    Shinto: Discovery of the Divine in Japanese Art presents works in calligraphy, painting, sculpture, costume, and decorative arts assembled from Japanese and American museums, shrines, and Buddhist temples, including works designated important Cultural Properties by the Japanese government.

    MAYCai Guo-Qiang: Cuyahoga River Lightning opens with three large-scale works created using gunpowder, including a commissioned painting tracing the Cuyahoga River’s course as part of Cuyahoga50, a citywide commemoration of the river catching fire.

    The museum releases results from an NEA-funded two-year study of digital technology in art museums, including the finding that the CMA’s innovative ARTLENS Gallery made visitors feel more welcome at the museum.

    A new Landscape Master Plan pledges to expand free public access through new pathway connections and ADA upgrades to the spaces around the museum.

    A Lasting Impression: Gifts of the Print Club of Cleveland celebrates the centennial of the oldest print club in the United States by showcasing 60 works the club has given the CMA.

    JUNE Parade the Circle celebrates its 30th year.

    Fueled by landmark exhibitions and new levels of community engagement, the museum ends its 2019 fiscal year with a historic attendance total of 864,754 visitors; another 142,000 people participated in off-site programming, bringing the total number of people the CMA served between July 1, 2018, and June 30, 2019, to more than 1 million.

    William M. Griswold, Director and President

    2018 | 2019 Highlights

    30,000high-resolution

    images in Open Access

    t

    FRONTStill Life

    Creative Fusion

    Open Access

    City Stages

    Rania Matar

    Gordon Parks

    Shinto

    Cai Guo-Qiang

    Parade the Circle

    Fina

    Georgia O’KeefePeter E. Raskind, Chair, Board of Trustees

    Over 37,000students from preschool

    to college took CMA tours and field trips

    Over 2.4 milliononline and

    ArtLens App visitors

    Over 142,000attendees and participants

    in museum parades and festivals

    CMA Members:

    Nearly 29,000households

    On-site visitors:

    864,754

    CMA-19-18787 CMA 2018-19 Annual Report_R10.indd 2 12/17/19 4:00 PM