Cade Museum Foundation Inc
- Assets
- $6.5m
- Revenue
- -$3.1m
- Investments
- $4.3m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-1884134
Organization Overview
Cade Museum Foundation Inc is located in Gainesville, FL. The organization was established in 2006. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cade Museum Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING INVENTORS, ENTREPRENEURS AND VISIONARIES BY OPERATION OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CADE PRIZE - ANNUAL COMPETITION TO RECOGNIZE AND ENCOURAGE INVENTORS AND ENTREPRENEURS
MUSEUM ACTIVITIES - CADE MUSEUM FOUNDATION, INC. ENGAGED IN ACTIVITIES TO DEVELOP CURRICULUM AND EXHIBITS AND MAINTAIN COLLECTIONS FOR THE CADE MUSEUM FOR CREATIVITY AND INVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phoebe Miles Chair/interim President | OfficerTrustee | 10 | $0 |
Mason Alley Director | Trustee | 1 | $0 |
Rose Fagler Director | Trustee | 1 | $0 |
David Massias Director | Trustee | 1 | $0 |
Richard Miles Director | Trustee | 1 | $0 |
Stephanie Bailes President & CEO Until 3/23 | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,406,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,406,590 |
| Total Program Service Revenue | $11,673 |
| Investment income | $39,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $704,842 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,224,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$3,061,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,681,871 |
| Grants and other assistance to domestic individuals. | $105,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,269 |
| Fees for services: Accounting | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,862 |
| Advertising and promotion | $1,142 |
| Office expenses | $4,020 |
| Information technology | $8,750 |
| Royalties | $0 |
| Occupancy | $41,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,418 |
| Interest | $23,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,719 |
| Insurance | $7,619 |
| All other expenses | $0 |
| Total functional expenses | $2,104,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,756 |
| Savings and temporary cash investments | $114,143 |
| Pledges and grants receivable | $840,659 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,074 |
| Net Land, buildings, and equipment | $611,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,349,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,634 |
| Total assets | $6,514,823 |
| Accounts payable and accrued expenses | $34,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $566,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $600,793 |
| Net assets without donor restrictions | $5,034,650 |
| Net assets with donor restrictions | $879,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,514,823 |