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Nonprofiteer
← CADE MUSEUM FOUNDATION INC

Form 990 for tax year 2022

Filed by CADE MUSEUM FOUNDATION INC.

Totals

Total revenue
$2,132,387
Total expenses
$1,571,756
Contributions and grants received
$1,353,100
Grants paid
$1,353,931
Program service revenue
$77,708
Investment income
$64,002
Other revenue
$637,577
Total assets, end of year
$11,492,776
Total liabilities, end of year
$572,416
Net assets or fund balances, end of year
$10,920,360
Program services expenses (Part IX)
$1,482,285
Management and general expenses
$61,537
Fundraising expenses
$27,934
Program service expenses (Part III)
$1,482,285

Program services were 94.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,353,100

  • 2a · Program service revenue: GRANT REVENUE

    total $51,465 · related or exempt $51,465

  • 2b · Program service revenue: SPONSORSHIP REVENUE

    total $22,207 · related or exempt $22,207

  • 2c · Program service revenue: CADE PRIZE APP FEES

    total $4,036 · related or exempt $4,036

  • 3 · Investment income

    total $64,002 · excluded $64,002

  • 5 · Royalties

    total $637,577 · excluded $637,577

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,281,570 · program services $1,281,570

  • 2 · Grants to domestic individuals

    total $72,361 · program services $72,361

  • 11b · Fees: legal

    total $1,725 · management and general $1,725

  • 11c · Fees: accounting

    total $3,850 · management and general $3,850

  • 11g · Fees: other

    total $35,421 · program services $9,825 · management and general $12,500 · fundraising $13,096

  • 12 · Advertising and promotion

    total $906 · management and general $906

  • 13 · Office expenses

    total $11,631 · program services $7,326 · management and general $4,123 · fundraising $182

  • 14 · Information technology

    total $9,971 · program services $7,801 · management and general $1,953 · fundraising $217

  • 16 · Occupancy

    total $38,285 · program services $30,628 · management and general $6,891 · fundraising $766

  • 17 · Travel

    total $7,560 · program services $3,069 · management and general $157 · fundraising $4,334

  • 19 · Conferences, conventions and meetings

    total $38,249 · program services $29,870 · fundraising $8,379

  • 20 · Interest

    total $24,671 · program services $5,854 · management and general $18,671 · fundraising $146

  • 22 · Depreciation, depletion and amortization

    total $40,718 · program services $32,575 · management and general $7,329 · fundraising $814

  • 23 · Insurance

    total $3,432 · management and general $3,432

  • 24a · Other expenses: COLLECTION REPAIR/MAINT

    total $1,406 · program services $1,406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,730 · end of year $240,360

  • 2 · Savings and temporary cash investments

    beginning of year $58,092 · end of year $69,496

  • 3 · Pledges and grants receivable

    beginning of year $225,574 · end of year $497,398

  • 4 · Accounts receivable

    beginning of year $18,382 · end of year $22,052

  • 7 · Other notes and loans receivable

    beginning of year $5,222,400 · end of year $5,222,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,709 · end of year $5,985

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

    $891,324

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

    $239,048

  • 10c · Land, buildings and equipment, net

    beginning of year $692,995 · end of year $652,276

  • 12 · Investments: other securities

    beginning of year $3,816,000 · end of year $4,190,000

  • 15 · Other assets

    beginning of year $659,933 · end of year $592,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,955 · end of year $59,292

  • 22 · Loans and payables to officers and key people

    beginning of year $75,315 · end of year $25,185

  • 23 · Secured mortgages and notes payable

    beginning of year $580,316 · end of year $487,939

  • 27 · Net assets without donor restrictions

    beginning of year $9,784,632 · end of year $10,406,296

  • 28 · Net assets with donor restrictions

    beginning of year $203,597 · end of year $514,064

Mission and programs · 2022

Mission

TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING INVENTORS, ENTREPRENEURS AND VISIONARIES BY CONDUCTING THE CADE PRIZE, AN ANNUAL COMPETITION RECOGNIZING FLORIDA INVENTORS, AND BY CONDUCTING FUNDRAISING, SUPPORTING OPERATIONS, AND MAINTAINING COLLECTIONS TO BE USED AS PART OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION.

Activities or mission (Part I)

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

  • CADE PRIZE - ANNUAL COMPETITION TO RECOGNIZE AND ENCOURAGE FLORIDA INVENTORS.

    Expenses $112,018 · Grants $72,361 · Revenue $4,036

  • 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.

    Expenses $1,370,267 · Grants $1,281,570 · Revenue $73,672

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PHOEBE MILES

    CHAIR

    Total calculated
    $0
    Hours/week
    10 + 40 related

  • MASON ALLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROSE FAGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID MASSIAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD MILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHANIE BAILES TERM 022023

    PRESIDENT & CEO

    Total calculated
    $124,114
    From this org
    $0
    From related orgs
    $124,114
    Other
    $0
    Hours/week
    10 + 40 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

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
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202420459349301047

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