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Nonprofiteer
← CADE CREATIVITY LABS INC

Form 990 for tax year 2023

Filed by CADE CREATIVITY LABS INC.

Totals

Total revenue
$12,257,150
Total expenses
$3,240,555
Contributions and grants received
$1,724,898
Grants paid
$0
Program service revenue
$834,191
Investment income
$97
Other revenue
$9,697,964
Total assets, end of year
$11,293,171
Total liabilities, end of year
$308,720
Net assets or fund balances, end of year
$10,984,451
Program services expenses (Part IX)
$2,457,274
Management and general expenses
$644,378
Fundraising expenses
$138,903
Program service expenses (Part III)
$2,457,274

Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,681,871

  • 1f · All other contributions, gifts and grants

    $43,027

  • 2a · Program service revenue: EXCHANGE TRANSACTION REVENUE

    total $433,720 · related or exempt $433,720

  • 2b · Program service revenue: PROGRAMMING

    total $198,664 · related or exempt $198,664

  • 2c · Program service revenue: MEMBERSHIP & ADMISSIONS

    total $195,850 · related or exempt $195,850

  • 2f · All other program service revenue

    total $5,957 · related or exempt $5,957

  • 3 · Investment income

    total $97 · excluded $97

  • 6a · Gross rents

    real property $167,556

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $167,556

  • 6d · Net rental income or loss

    total $167,556 · excluded $167,556

  • 10a · Gross sales of inventory

    $86,581

  • 10b · Cost of goods sold

    $56,173

  • 10c · Net income from sales of inventory

    total $30,408 · unrelated business $16,919 · excluded $13,489

  • 11a · Other revenue: NEW MARKETS CREDIT DEBT FORGIVENE

    total $9,500,000 · excluded $9,500,000

  • 11e · Other revenue, total

    $9,500,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $238,113 · program services $127,743 · management and general $107,077 · fundraising $3,293

  • 7 · Other salaries and wages

    total $1,312,829 · program services $1,091,143 · management and general $134,154 · fundraising $87,532

  • 9 · Other employee benefits

    total $4,732 · program services $3,928 · fundraising $804

  • 10 · Payroll taxes

    total $124,616 · program services $97,075 · management and general $20,260 · fundraising $7,281

  • 11b · Fees: legal

    total $226 · program services $113 · management and general $90 · fundraising $23

  • 11c · Fees: accounting

    total $38,687 · management and general $38,687

  • 11g · Fees: other

    total $197,080 · program services $73,785 · management and general $122,634 · fundraising $661

  • 12 · Advertising and promotion

    total $170,579 · management and general $170,579

  • 13 · Office expenses

    total $274,006 · program services $225,151 · management and general $34,100 · fundraising $14,755

  • 16 · Occupancy

    total $262,925 · program services $255,830 · management and general $2,365 · fundraising $4,730

  • 17 · Travel

    total $13,132 · program services $9,086 · management and general $1,896 · fundraising $2,150

  • 19 · Conferences, conventions and meetings

    total $104,306 · program services $88,911 · management and general $6,147 · fundraising $9,248

  • 20 · Interest

    total $45,987 · program services $44,197 · management and general $804 · fundraising $986

  • 22 · Depreciation, depletion and amortization

    total $429,343 · program services $419,044 · management and general $3,433 · fundraising $6,866

  • 24a · Other expenses: EXHIBIT REPAIRS/MAINT

    total $17,608 · program services $17,608

  • 24e · All other expenses

    total $6,386 · program services $3,660 · management and general $2,152 · fundraising $574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,118 · end of year $55,520

  • 2 · Savings and temporary cash investments

    beginning of year $44,524

  • 4 · Accounts receivable

    beginning of year $173,083 · end of year $158,118

  • 8 · Inventories for sale or use

    beginning of year $17,115 · end of year $21,437

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,395 · end of year $79,812

  • 10a · Land, buildings and equipment: cost or other basis

    $13,364,164

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,425,846

  • 10c · Land, buildings and equipment, net

    beginning of year $11,327,080 · end of year $10,938,318

  • 15 · Other assets

    beginning of year $39,966 · end of year $39,966

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,366 · end of year $201,922

  • 19 · Deferred revenue

    beginning of year $53,256 · end of year $49,093

  • 23 · Secured mortgages and notes payable

    beginning of year $9,479,843

  • 25 · Other liabilities

    beginning of year $87,960 · end of year $57,705

  • 27 · Net assets without donor restrictions

    beginning of year $1,967,856 · end of year $10,984,451

Mission and programs · 2023

Mission

TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING FUTURE INVENTORS, ENTREPRENEURS AND VISIONARIES BY OPERATION OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION ("THE MUSEUM"). THE MUSEUM OPENED TO THE PUBLIC IN MAY 2018 AND FEATURES BOTH PERMANENT AND TEMPORARY EXHIBITS WHERE INTERACTIVE MODULES AND KIOSKS ARE USED AS TEACHING TOOLS TO REINFORCE WHAT VISITORS CAN SEE, LEARN AND DO. THE MUSEUM ALSO CONDUCTS FIELD TRIPS, CAMPS AND CLASSES TO FURTHER ENHANCE THE LEARNING EXPERIENCE AT THE MUSEUM.

Activities or mission (Part I)

TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING FUTURE INVENTORS, ENTREPRENEURS AND VISIONARIES BY OPERATION OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION ("THE MUSEUM").

  • OPERATION AND MAINTENANCE OF A MUSEUM FEATURING EXHIBITS FOCUSING ON INVENTION, CREATIVITY AND INNOVATION. THE MUSEUM FEATURES BOTH PERMANENT AND TEMPORARY EXHIBITS WHERE INTERACTIVE MODULES AND KIOSKS ARE USED AS TEACHING TOOLS TO REINFORCE WHAT VISITORS CAN SEE, LEARN AND DO.

    Expenses $2,457,274 · Revenue $834,191

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jenna Ostas

    CHIEF OPERATING OFFICER

    Total calculated
    $106,602
    From this org
    $106,602
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

  • Stephanie Bailes Thru 32023

    EXECUTIVE DIRECTOR/PRESIDE

    Total calculated
    $32,918
    From this org
    $32,918
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 10 related

  • Scott Banks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Greg Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Divirgilio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carol Ann Dykes Logue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jay Fant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Weaver Gaines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marti Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gil Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Miles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phoebe Miles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Sohl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natalie Strappy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rhys Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Philip Waite

    CHIEF FINANCIAL OFFICER

    Total calculated
    $89,675
    From this org
    $89,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202443049349302044

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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