Cradle Foundation
- Assets
- $14.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 09/2003
- Data as of
- 09/2021
- 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 09/2021, Cradle Foundation generated $2.4m 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 (3.8%) each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 6 years. 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
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 |
|---|---|---|---|
Simone Wheeler VP Development | Officer | 40 | $106,962 |
Phyllis S Thomas Secretary | OfficerTrustee | 1 | $0 |
Joel E Solomon Chair & Treasurer | OfficerTrustee | 1 | $0 |
Jason Friedman President & CEO | Officer | 10 | $0 |
Corry Connelly Director | Trustee | 1 | $0 |
Kimberley Perez President & CEO | 10 | $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 | $1,328,978 |
| Noncash contributions included in lines 1a–1f | $46,166 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,328,978 |
| Total Program Service Revenue | $0 |
| Investment income | $144,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $914,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,205 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,396,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,650,000 |
| 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 | $336,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $83,300 |
| 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 | $11,128 |
| Fees for services: Other | $157,150 |
| Advertising and promotion | $21,629 |
| Office expenses | $3,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,847 |
| Travel | $529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,717 |
| Interest | $37,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,353 |
| Insurance | $31,718 |
| All other expenses | $8,666 |
| Total functional expenses | $3,430,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $124,732 |
| 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 | $47,512 |
| Net Land, buildings, and equipment | $448 |
| Investments—publicly traded securities | $14,235,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,544,905 |
| Accounts payable and accrued expenses | $13,395 |
| 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 | $2,100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,215,516 |
| Total liabilities | $5,328,911 |
| Net assets without donor restrictions | $4,504,195 |
| Net assets with donor restrictions | $4,711,799 |
| 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 | $14,544,905 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that Cradle Foundation has recieved totaling $156,909.
| Awarding Organization | Amount |
|---|---|
Sargent Family Foundation Winnetka, IL PURPOSE: GENERAL OPERATIONS | $20,000 |
Marvin And Kay Lichtman Foundation Arlington Heights, IL PURPOSE: UNRESTRICTED CONTRIBUTION | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,660 |
The Siragusa Family Foundation Chicago, IL PURPOSE: SPECIAL NEEDS INFANT ADOPTION PROGRAM | $10,000 |
Mcmullen Family Foundation Montclair, NJ PURPOSE: SUPPORT THEIR ACTIVITIES | $10,000 |
Lee Family Foundation Lake Bluff, IL PURPOSE: UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $5,057,450 |
| Earnings | $1,107,619 |
| Other Expense | $279,838 |
| Ending Balance | $5,885,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |