Civic Intelligence

The Cradle Foundation

990 • Fiscal year 2020 • EIN 45-0506764

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 15, 2021

2049 Ridge AvenueEvanston, IL 60201

(847) 475-5800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.47x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.36x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$216,703

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

34th percentile

1.8%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$14,307,916

Up $252,963 (+1.8%) from 2019

Net Assets

Down

$7,591,887

Down $348,461 (-4.4%) from 2019

Liabilities

Up

$6,716,029

Up $601,424 (+9.8%) from 2019

Revenue

Up

$2,842,339

Up $588,356 (+26%) from 2019

Expenses

Down

$3,371,230

Down $458,473 (-12%) from 2019

Net Income

Up

-$528,891

Up $1,046,829 (+66%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $17,022,325Liabilities 2011: $285,793Net Assets 2011: $16,736,5322011Assets 2012: $17,459,009Liabilities 2012: $424,996Net Assets 2012: $17,034,0132012Assets 2013: $17,933,907Liabilities 2013: $417,230Net Assets 2013: $17,516,6772013Assets 2014: $17,235,773Liabilities 2014: $445,376Net Assets 2014: $16,790,3972014Assets 2015: $14,919,161Liabilities 2015: $438,140Net Assets 2015: $14,481,0212015Assets 2016: $15,024,089Liabilities 2016: $5,638,293Net Assets 2016: $9,385,7962016Assets 2017: $15,535,478Liabilities 2017: $5,671,632Net Assets 2017: $9,863,8462017Assets 2018: $15,849,528Liabilities 2018: $5,774,816Net Assets 2018: $10,074,7122018Assets 2019: $14,054,953Liabilities 2019: $6,114,605Net Assets 2019: $7,940,3482019Assets 2020: $14,307,916Liabilities 2020: $6,716,029Net Assets 2020: $7,591,8872020Assets 2021: $14,544,905Liabilities 2021: $5,328,911Net Assets 2021: $9,215,9942021Assets 2022: $10,772,249Liabilities 2022: $5,849,422Net Assets 2022: $4,922,8272022Assets 2023: $11,864,070Liabilities 2023: $5,635,166Net Assets 2023: $6,228,9042023Assets 2024: $13,764,979Liabilities 2024: $7,106,813Net Assets 2024: $6,658,1662024

Highlighted filing

2020

Assets$14,307,916
Liabilities$6,716,029
Net Assets$7,591,887

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $1,822,785Expenses 2011: $3,112,413Net Income 2011: -$1,289,6282011Expenses 2012: $3,980,3222012Expenses 2013: $3,726,1672013Revenue 2014: $2,426,978Expenses 2014: $4,385,342Net Income 2014: -$1,958,3642014Revenue 2015: $1,886,941Expenses 2015: $3,574,722Net Income 2015: -$1,687,7812015Revenue 2016: $3,029,095Expenses 2016: $9,370,611Net Income 2016: -$6,341,5162016Revenue 2017: $2,445,269Expenses 2017: $3,147,976Net Income 2017: -$702,7072017Revenue 2018: $2,745,671Expenses 2018: $3,313,478Net Income 2018: -$567,8072018Revenue 2019: $2,253,983Expenses 2019: $3,829,703Net Income 2019: -$1,575,7202019Revenue 2020: $2,842,339Expenses 2020: $3,371,230Net Income 2020: -$528,8912020Revenue 2021: $2,396,350Expenses 2021: $3,430,252Net Income 2021: -$1,033,9022021Revenue 2022: $3,326,076Expenses 2022: $3,674,549Net Income 2022: -$348,4732022Revenue 2023: $4,654,660Expenses 2023: $4,234,097Net Income 2023: $420,5632023Revenue 2024: $2,927,150Expenses 2024: $5,311,490Net Income 2024: -$2,384,3402024

Highlighted filing

2020

Revenue$2,842,339
Expenses$3,371,230
Net Income-$528,891
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 15, 2021
Return Version
2019v5.1
Gross Receipts
$3,535,683
Mission and Program Overview

Mission

The cradle foundations mission is to raise and manage funds for the sole purpose of supporting the cradles adoption programs and services.

Supporting The Cradle's adoption programs and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,399,927$13,722,117▲ $322,190
Cash and Non-Interest-Bearing Accounts$382,845$363,717▼ $19,128
Pledges and Grants Receivable$183,295$202,844▲ $19,549
Accounts Receivable$55,546$0▼ $55,546
Prepaid Expenses and Deferred Charges$32,443$18,790▼ $13,653
Land, Buildings, and Equipment, Net$897$448▼ $449
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,054,953$14,307,916▲ $252,963
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,000,000$4,000,000→ $0
Other Liabilities$1,727,776$2,681,271▲ $953,495
Accounts Payable and Accrued Expenses$297,454$21,758▼ $275,696
Deferred Revenue$89,375$13,000▼ $76,375
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,114,605$6,716,029▲ $601,424
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,358,171$4,792,323▼ $565,848
Net Assets Without Donor Restrictions$2,582,177$2,799,564▲ $217,387
Total Net Assets Fund Balance$7,940,348$7,591,887▼ $348,461
Total Liabilities and Net Assets / Fund Balance$14,054,953$14,307,916▲ $252,963

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$448$18,943$19,391
Other Land Buildings-$11,060$11,060

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,886,177-▲ $502,100$330,827$5,057,450
2018$5,183,083-▲ $74,257$371,162$4,886,178
2017$4,320,659-▲ $230,048$94,560$4,456,147
2016$4,520,361$3,000▲ $222,904$425,606$4,320,659
2015$5,060,882$-630,634▲ $391,568$301,455$4,520,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Simone WheelerVP DevelopmentFT$41,204$41,204

Board Members and Trustees

NameTitle
Joel E SolomonChair & Treasurer
Kimberley PerezPresident & CEO
Corry ConnellyDirector
Therese FauerbachDirector
Phyllis S ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,479,479
Program Service Revenue
$0
Investment Income
$1,385,755
Other Revenue
$-22,895
All Other Contributions
$1,284,463
Change in Net Assets
$-528,891

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$45,903Fair Market Value (FMV)
Total Noncash Contributions11$45,903-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,842,339
Revenue Not Reported on Form 990
$285,921
Total Revenue per Audited Statements
$3,128,260
Total Revenue per Form 990
$2,842,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,545,000
Salaries, Compensation, and Employee Benefits$462,983
Total Fundraising Expense$421,917
Other Expenses$363,247
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,545,000--$2,545,000
Other Salaries and Wages-$134,858$247,411$382,269
Fees for Services Other-$40,695$77,900$118,595
Interest-$100,461-$100,461
Payroll Taxes-$26,364$54,350$80,714
Other Expenses-$21,852$5,790$27,642
Depreciation Depletion-$20,550$449$20,999
Insurance-$20,833-$20,833
Occupancy-$17,457-$17,457
Fees for Service Investment Mgmnt Fees-$6,466$7,022$13,488
All Other Expenses-$5,308$2,675$7,983
Advertising--$7,757$7,757
Conferences and Meetings-$3,374$4,208$7,582
Office Expenses-$912$1,034$1,946
Travel-$352$617$969
Total Functional Expenses$2,545,000$404,313$421,917$3,371,230

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,476,721
Expenses per Audited Statements$3,371,230
Total Expenses per Form 990$3,371,230
Expenses Not Reported on Form 990$105,491
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Cradle SocietyEvanston, IL501(c)(3)Support the operations of The Cradle.$2,545,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$105,491
Fundraising Gross Income$78,496
Gaming Gross Income$4,100
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cradle Ball$270,526$81,196$29,036$52,160
Total Events$277,612$82,596$105,491$-22,895
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$2,681,271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6:

The sole corporate member of The Cradle Foundation is the Cradle.

Form 990, Part VI, Section A, line 7A:

The Cradle approves the Board of Directors for The Cradle Foundation.

Form 990, Part VI, Section B, line 11B:

Management works with the auditors in the preparation of the Form 990 and provides a copy of the prepared Form 990 to the Board Finance/Audit Committee and the full Board for review prior to its filing with the IRS.

Form 990, Part VI, Section B, Line 12C:

Any known material conflict of interest which becomes relevant to any matter requiring action by the Board of Directors or any of its committees are to be disclosed to the Board of Directors or such committee, and such individual shall not vote on such matter, shall not use personal influence in connection with such matter, and shall not be counted in determining the quorum for the meeting. The minutes of such meeting will reflect the disclosure made, the abstinence from voting, and the exclusion from the count in determining the quorum for the meeting.

Form 990, Part VI, Section C, Line 19:

The governing documents and conflict of interest policy are available upon request. The organization's financial statements are posted on The Cradle Society's website and are also available upon request. These documents are available for the same period of disclosure as set forth in section 6104(d).

Form 990, Part VII:

The Vice President of Development works for the organization but through a common paymaster agreement is compensated by a related organization, The Cradle Society.

Filing and Contact Details

Filer

Filer Name
The Cradle Foundation
EIN
45-0506764
In Care Of
% KIMBERLEY PEREZ
Phone
8474755800
Address
2049 Ridge Avenue, Evanston, IL 60201

Signing Officer

Name
Kimberley Perez
Title
President & CEO
Phone
8474755800
Signed
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberley Perez
Formed
2003
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
68

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Kate Czaja
Phone
8472055000
Supplemental Narrative

Financial Statement Notes

Part V, line 4:

The Cradle Foundations endowment funds are intended for the support of general operations, the Nursery, and a post-adoption counselor.

Part X, Line 2:

The Cradle, the Foundation, and CAP have received determination letters from the Internal Revenue Service indicating they are tax-exempt organizations as provided in Section 501(c)(3) of the Internal Revenue Code and are exempt from federal and state income taxes on income related to its exempt purpose. The Organizations follow the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Organizations may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organizations, and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities as of and for the year ended September 30, 2020. The Organizations file Form 990 in the U.S. federal jurisdiction and in the State of Illinois.

Part XI, Line 2D - Other Adjustments:

Special Events Expense 105,491.

Part XII, Line 2D - Other Adjustments:

Special Events Expense 105,491.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE CRADLE SOCIETY
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$7.11$6.66$2.93$5.31$2.38
2023Summary only. Only limited summary data is available for this year.$11.9$5.64$6.23$4.65$4.23$0.42
2022Summary only. Only limited summary data is available for this year.$10.8$5.85$4.92$3.33$3.67$0.35
2021Summary only. Only limited summary data is available for this year.$14.5$5.33$9.22$2.40$3.43$1.03
2020Detailed filing. Detailed filing data is available for this year.$14.3$6.72$7.59$2.84$3.37$0.53
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$6.11$7.94$2.25$3.83$1.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$5.77$10.1$2.75$3.31$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$5.67$9.86$2.45$3.15$0.70
2016Detailed filing. Detailed filing data is available for this year.$15.0$5.64$9.39$3.03$9.37$6.34
2015Detailed filing. Detailed filing data is available for this year.$14.9$0.44$14.5$1.89$3.57$1.69
2014Detailed filing. Detailed filing data is available for this year.$17.2$0.45$16.8$2.43$4.39$1.96
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$0.42$17.5$3.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$0.42$17.0$3.98
2011Summary only. Only limited summary data is available for this year.$17.0$0.29$16.7$1.82$3.11$1.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits