Cade Museum Foundation Inc
- Assets
- $10.7m
- Revenue
- $1.4m
- Investments
- $3.8m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 01/2006
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Cade Museum Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
2021
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 FLORIDA INVENTORS.
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 | OfficerTrustee | 1 | $0 |
Stephanie Bailes President & CEO | Officer | 10 | $0 |
Mason Alley Director | Trustee | 1 | $0 |
David Massias Director | Trustee | 1 | $0 |
Richard Miles Director | Trustee | 1 | $0 |
Rose Fagler Director | Trustee | 1 | $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 | $693,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,076 |
| Total Program Service Revenue | $130,930 |
| Investment income | $63,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $539,532 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,427,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,568,991 |
| Grants and other assistance to domestic individuals. | $64,000 |
| 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 | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,539 |
| Advertising and promotion | $915 |
| Office expenses | $9,832 |
| Information technology | $9,380 |
| Royalties | $0 |
| Occupancy | $36,206 |
| Travel | $1,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,178 |
| Interest | $25,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,233 |
| Insurance | $3,372 |
| All other expenses | $0 |
| Total functional expenses | $1,794,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,730 |
| Savings and temporary cash investments | $58,092 |
| Pledges and grants receivable | $225,574 |
| Accounts receivable, net | $18,382 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,222,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,709 |
| Net Land, buildings, and equipment | $692,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,816,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $659,933 |
| Total assets | $10,704,815 |
| Accounts payable and accrued expenses | $60,955 |
| 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 | $75,315 |
| Secured mortgages and notes payable | $580,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $716,586 |
| Net assets without donor restrictions | $9,784,632 |
| Net assets with donor restrictions | $203,597 |
| 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 | $10,704,815 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cade Museum Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Stine Foundation Inc Orlando, FL PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Palm Beach Maritime Museum Inc Lantana, FL | $20,865,906 | $12,542,003 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $33,055,724 | $12,296,659 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Sun N Fun Fly In Inc Lakeland, FL | $10,303,437 | $7,398,461 |
Museum Of Science & History Of Jacksonville Inc Jacksonville, FL | $14,983,828 | $9,624,822 |
Museum Of Arts & Sciences Daytona Beach, FL | $83,635,410 | $4,243,163 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |
Museum Of Science And Industry Inc Tampa, FL | $2,652,725 | $2,773,775 |
Museum Of Aviation At Robins Air Force Base Georgia Foundation Inc Warner Robins, GA | $2,983,793 | $2,917,153 |