Cade Creativity Labs Inc
- Assets
- $12.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 66
- Location
- Gainesville, FL
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-1234271
Organization Overview
Cade Creativity Labs Inc is located in Gainesville, FL. The organization was established in 2016. As of 12/2021, Cade Creativity Labs Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cade Creativity Labs Inc 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 12/2021, Cade Creativity Labs Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING FUTURE INVENTORS, ENTREPRENEURS AND VISIONARIES BY OPERATION OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION ("THE MUSEUM").
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Bailes Executive Director/president | OfficerTrustee | 40 | $108,877 |
Phoebe Miles Chairperson | OfficerTrustee | 1 | $0 |
Richard Miles Director | Trustee | 1 | $0 |
Jackson Streeter Director | Trustee | 1 | $0 |
Jay Fant Director | Trustee | 1 | $0 |
Weaver Gaines Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Themeworks Inc Exhibit Development And Construction | 12/30/18 | $519,283 |
Oelrich Construction Construction Services | 12/30/18 | $467,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,565,316 |
| Government grants | $189,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,857,034 |
| Total Program Service Revenue | $508,040 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,818 |
| 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 | $15,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,474,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,929 |
| 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. | $108,877 |
| Compensation of current officers, directors, key employees. | $48,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,165 |
| Payroll taxes | $98,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,267 |
| Advertising and promotion | $165,046 |
| Office expenses | $191,855 |
| Information technology | $58,892 |
| Royalties | $0 |
| Occupancy | $183,910 |
| Travel | $12,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,273 |
| Interest | $226,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $427,631 |
| Insurance | $0 |
| All other expenses | $2,730 |
| Total functional expenses | $2,682,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,154 |
| Savings and temporary cash investments | $106,492 |
| Pledges and grants receivable | $276,617 |
| Accounts receivable, net | $121,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,131 |
| Prepaid expenses and deferred charges | $43,133 |
| Net Land, buildings, and equipment | $11,724,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,100 |
| Total assets | $12,320,065 |
| Accounts payable and accrued expenses | $235,092 |
| Grants payable | $0 |
| Deferred revenue | $60,736 |
| 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 | $9,383,090 |
| Unsecured mortgages and notes payable | $189,427 |
| Other liabilities | $123,838 |
| Total liabilities | $9,992,183 |
| Net assets without donor restrictions | $2,327,882 |
| 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 | $12,320,065 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cade Creativity Labs Inc has recieved totaling $25,011.
| Awarding Organization | Amount |
|---|---|
State Chartered Credit Unions In Florida Jonesville, FL PURPOSE: SPONSORSHIPS | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Affinity Health Center Rock Hill, SC | $21,220,850 | $20,654,145 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
National Save The Sea Turtle Foundation Inc Fort Lauderdale, FL | $31,698,060 | $38,580,626 |
Sunrise 2000 Inc Miami, FL | $2,498,890 | $23,255,068 |
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |