Golden Cradle
- Assets
- $375.0k
- Revenue
- $147.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Cherry Hill, NJ
- Founding
- 04/1990
- Data as of
- 12/2019
- EIN
- 23-2157112
Organization Overview
Golden Cradle is located in Cherry Hill, NJ. The organization was established in 1990. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2019, Golden Cradle employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Cradle 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 12/2019, Golden Cradle generated $147.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $344.6k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PREVENT CRUELTY TO CHILDREN THROUGH ADOPTION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PREVENT CRUELTY TO CHILDREN BY FINDING HOMES FOR CHILDREN TO BE PLACED THROUGH ADOPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Huffnagle Executive Director | OfficerTrustee | 1 | $78,000 |
Amy Strickler Board Member | OfficerTrustee | 1 | $0 |
Tony Sevick Treasurer | OfficerTrustee | 1 | $0 |
Andrew Swenson Board Chair | OfficerTrustee | 1 | $0 |
Patty Sevick Board Member | Officer | 1 | $0 |
Tara Prindible Vice President | 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 | $46,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,262 |
| Total Program Service Revenue | $100,259 |
| Investment income | $713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $147,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $216,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $654 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,023 |
| Office expenses | $24,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,412 |
| Insurance | $12,483 |
| All other expenses | $3,323 |
| Total functional expenses | $344,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,823 |
| 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 | $7,399 |
| Net Land, buildings, and equipment | $310,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,951 |
| Accounts payable and accrued expenses | $58,910 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,910 |
| Net assets without donor restrictions | $316,041 |
| Net assets with donor restrictions | $0 |
| 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 | $374,951 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Cradle has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Germeshausen Foundation Inc Wayne, PA PURPOSE: GENERAL SUPPORT | $600 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincents Services Inc Brooklyn, NY | $56,327,989 | $54,283,078 |
Mercyfirst Syosset, NY | $24,629,062 | $46,422,164 |
Forestdale Inc Forest Hills, NY | $34,766,990 | $33,843,723 |
New Alternatives For Children Inc New York, NY | $14,403,157 | $29,422,220 |
Bair Foundation New Wilmington, PA | $2,726,710 | $26,265,407 |
Bair Foundation Of Pennsylvania New Wilmington, PA | $4,400,305 | $17,358,075 |
Bair Foundation Of Texas New Wilmington, PA | $1,144,889 | $8,905,447 |
Tabor Childrens Services Inc Philadelphia, PA | $5,265,944 | $8,132,394 |
Mountain Lake Childrens Residence Inc Lake Placid, NY | $5,650,108 | $7,132,040 |
Childrens Choice Of Maryland Inc Bellmawr, NJ | $2,034,719 | $6,054,965 |
Childrens Choice Inc Chester, PA | $1,421,593 | $5,676,837 |
Family Care For Children&youth Inc Milton, PA | $3,265,351 | $3,892,797 |