Provides lifelong education, fosters creativity, and promotes scientific literacy through its schools, museum, and diverse learning programs for people of all ages.
Provides lifelong education, fosters creativity, and promotes scientific literacy through its schools, museum, and diverse learning programs for people of all ages.
For fiscal year 2024 it reported $99.9M in revenue, $102.5M in expenses, and $421.0M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$99.9M
Pt VIII · Ln 12
Total expenses
$102.5M
Pt IX · Ln 25
Net assets
$421.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.5M
Where spending went · Part IX cols B–D
66%
28%
Program services $0.66 Management & general $0.28 Fundraising $0.06
Program efficiency
66%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
39.2mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +86% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$99.9M
FY2024▲ +15%
$144.6M$72.3M$0
FY2020FY2024
Expenses
$102.5M
FY20240%
$102.9M$51.5M$0
FY2020FY2024
Total assets
$505.8M
FY2024▲ +2%
$537.5M$268.7M$0
FY2020FY2024
Total liabilities
$84.8M
FY2024▼ -1%
$100.3M$50.2M$0
FY2020FY2024
Total revenue
$99.9M
Pt VIII · Ln 12
Total expenses
$102.5M
Pt IX · Ln 25
Net assets
$421.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.5M
Total assetsPt X · Ln 16$505.8M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 331
Independent voting membersPt I · Ln 431
Mission & Programs · Part III
Where the work happens
3 program services account for $66.6M of program spending, described in the organization's own filed words · FY2024.
01
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…
$51.2Mprogram expense
02
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.
$11.5Mprogram expense
03
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.
Roderick Spearin’s $809K as COO and Treasurer - Part Year
is at the 98th percentile of top reported officer pay among 3682 $10–100M education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Roderick Spearin · Reported title COO AND TREASURER - PART YEAR · Highest reported compensation $809K · Total expenses $102.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58.7M · Total expenses $102.5M
57%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
66%
—
—
Overhead ratio
28%
—
—
Fundraising cost ratio
40%
—
—
Revenue growth
15%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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