Overview
What is Cade Museum Foundation Inc?
Cade Museum Foundation Inc, based in Gainesville, Florida, is a nonprofit organization with a mission to transform communities. They achieve this by inspiring and equipping inventors, entrepreneurs, and visionaries through various initiatives. The cornerstone of their work is the Cade Prize, an annual competition that recognizes and encourages inventors from Florida. Beyond the prize, they also engage in fundraising, supporting operations, and preserving collections for the Cade Museum for Creativity and Invention. This museum serves as a platform to showcase inventions and foster innovation within the community, contributing to its overall development.
Official website here: www.cademuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Cade Museum Foundation Inc has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial management. The score primarily reflects the organization's commitment to transparency and effective resource allocation, with a particularly high program expense ratio of 95.57%, meaning that most of its expenses go directly towards its programs rather than administrative costs.
Strengths of the Cade Museum Foundation include a completely independent board and strong financial oversight practices, as evidenced by high scores in areas such as audit procedures and conflict of interest policies. The organization also demonstrates excellent financial health with a low liabilities to assets ratio and high fundraising efficiency, ensuring that donations are effectively utilized to support its mission.
However, there are notable limitations, particularly regarding board governance practices. The organization scored poorly on board size and certain governance documents, such as the distribution of tax forms to board members before filing, which could indicate areas for improvement in transparency and engagement. Addressing these issues may enhance the foundation's overall governance and accountability ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Cade Museum Foundation Inc legitimate?
Cade Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cade Museum Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cademuseum.org
What is the mission statement of Cade Museum Foundation Inc?
The Cade Museum Foundation Inc's mission is centered around transforming communities. They achieve this by inspiring and equipping inventors, entrepreneurs, and visionaries. This is accomplished through various means, including conducting the annual Cade Prize, which recognizes and encourages Florida inventors. Additionally, the foundation supports fundraising, maintains collections, and manages operations for the Cade Museum for Creativity and Invention, which serves as a platform for utilizing these resources. The ultimate goal is to utilize these initiatives to inspire and empower individuals, thereby contributing to community transformation.
Official website here: www.cademuseum.org
Who is the CEO of Cade Museum Foundation Inc?
Stephanie Bailes is the Chair of Cade Museum Foundation Inc. The CEO's salary of Cade Museum Foundation Inc is $0 and their total compensation is $108,877.
Official website here: www.cademuseum.org
What is the revenue of Cade Museum Foundation Inc?
Cade Museum Foundation Inc's revenue in 2021 was $1,427,524.
Official website here: www.cademuseum.org
Who are the executives of Cade Museum Foundation Inc and what are their salaries?
There 18 volunteers at Cade Museum Foundation Inc.
Here are 6 key members and their salaries (Cade Museum Foundation Inc's CEO's salary is $0 and their total compensation is $108,877):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $108,877
- Other: $0
Official website here: www.cademuseum.org
Where can I find the form 990 for Cade Museum Foundation Inc?
Cade Museum Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.cademuseum.org
Learn more at the official website: www.cademuseum.org
Mission Statement of Cade Museum Foundation Inc
The Cade Museum Foundation Inc is committed to transforming communities by inspiring and equipping inventors, entrepreneurs, and visionaries. To achieve this mission, the foundation operates the Cade Museum for Creativity and Invention, which serves as a platform for recognizing and encouraging Florida inventors. The foundation accomplishes this goal through the conduct of the Cade Prize, an annual competition that honors innovative thinkers within the state. In addition to the Cade Prize, the foundation supports its operations, maintains collections, and funds various activities that contribute to the Cade Museum for Creativity and Invention. By doing so, the Cade Museum Foundation Inc aims to foster a culture of innovation and entrepreneurship, ultimately transforming communities for the better.
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Impact
August, 2024
The Cade Museum Foundation Inc's impact is significant in transforming communities by inspiring and equipping inventors, entrepreneurs, and visionaries through the operation of the Cade Museum for Creativity and Invention in Gainesville, FL. Their annual Cade Prize competition recognizes and encourages Florida inventors, fostering innovation and creativity in the region. Additionally, the foundation conducts fundraising efforts to support operations and maintain collections for the museum, contributing to the promotion of arts and innovation in the community.
This information is meant to be a general summary of Cade Museum Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $63,986
- Program Service Revenue: $130,930
- Gross Receipts: $1,427,524
Assets and Liabilities:
- Total Assets: $10,704,815
- Total Liabilities: $716,586
- Net Assets: $9,988,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT REVENUE
Revenue
$125,807
SPONSORSHIP REVENUE
Revenue
$3,000
CADE PRIZE APP FEES
Revenue
$2,123
Organization Details
Founding Year
2004
Phone
(352) 371-8001Principal Officer
Stephanie Bailes
Main Address
904 S MAIN STREET, GAINESVILLE, FL, 326017925
Website
www.cademuseum.orgNTEE Category
Code: A50 - Arts
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