Cradle Foundation
- Assets
- $11.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 09/2003
- Data as of
- 09/2023
- EIN
- 45-0506764
Organization Overview
Cradle Foundation is located in Evanston, IL. The organization was established in 2003. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cradle Foundation 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 09/2023, Cradle Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.2m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE CRADLE'S ADOPTION PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE OPERATIONS OF THE CRADLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Friedman President & CEO | Officer | 10 | $0 |
Kristina Lederer VP Development | Officer | 10 | $116,077 |
Joel E Solomon Chair & Treasurer | OfficerTrustee | 1 | $0 |
Phyllis S Thomas Secretary | OfficerTrustee | 1 | $0 |
Corry Connelly Director | Trustee | 1 | $0 |
Therese Fauerbach Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $327,465 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,593,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,920,568 |
| Total Program Service Revenue | $0 |
| Investment income | $120,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $711,823 |
| Net Income from Fundraising Events | -$98,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,654,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,103,000 |
| 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 | $379,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,121 |
| 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 | $9,793 |
| Fees for services: Other | $272,913 |
| Advertising and promotion | $18,324 |
| Office expenses | $23,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,256 |
| Travel | $1,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,511 |
| Interest | $110,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,527 |
| Insurance | $16,641 |
| All other expenses | $131,477 |
| Total functional expenses | $4,234,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $96,756 |
| 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 | $9,599 |
| Net Land, buildings, and equipment | $448 |
| Investments—publicly traded securities | $11,407,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,864,070 |
| Accounts payable and accrued expenses | $21,773 |
| 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 | $1,700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,913,393 |
| Total liabilities | $5,635,166 |
| Net assets without donor restrictions | $1,438,238 |
| Net assets with donor restrictions | $4,790,666 |
| 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 | $11,864,070 |