Civic Intelligence

Cade Creativity Labs Inc.

990 • Fiscal year 2017 • EIN 81-1234271

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

904 S Main StGainesville, FL 32601-7925

(352) 371-8001

Siviq Scores

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

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

4.67x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

94th percentile

63%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

28th percentile

$117,048

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-20%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$13,245,104

Up $962,324 (+7.8%) from 2016

Net Assets

Up

$3,567,521

Up $1,299,539 (+57%) from 2016

Liabilities

Down

$9,677,583

Down $337,215 (-3.4%) from 2016

Revenue

Down

$2,073,908

Down $528,971 (-20%) from 2016

Expenses

Up

$774,369

Up $439,472 (+131%) from 2016

Net Income

Down

$1,299,539

Down $968,443 (-43%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $12,282,780Liabilities 2016: $10,014,798Net Assets 2016: $2,267,9822016Assets 2017: $13,245,104Liabilities 2017: $9,677,583Net Assets 2017: $3,567,5212017Assets 2018: $13,008,791Liabilities 2018: $9,474,700Net Assets 2018: $3,534,0912018Assets 2019: $12,580,510Liabilities 2019: $9,465,315Net Assets 2019: $3,115,1952019Assets 2020: $12,282,539Liabilities 2020: $9,746,549Net Assets 2020: $2,535,9902020Assets 2021: $12,320,065Liabilities 2021: $9,992,183Net Assets 2021: $2,327,8822021Assets 2022: $11,766,281Liabilities 2022: $9,798,425Net Assets 2022: $1,967,8562022Assets 2023: $11,293,171Liabilities 2023: $308,720Net Assets 2023: $10,984,4512023Assets 2024: $10,819,844Liabilities 2024: $373,629Net Assets 2024: $10,446,2152024

Highlighted filing

2017

Assets$13,245,104
Liabilities$9,677,583
Net Assets$3,567,521

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $2,602,879Expenses 2016: $334,897Net Income 2016: $2,267,9822016Revenue 2017: $2,073,908Expenses 2017: $774,369Net Income 2017: $1,299,5392017Revenue 2018: $1,912,919Expenses 2018: $1,946,349Net Income 2018: -$33,4302018Revenue 2019: $2,130,479Expenses 2019: $2,549,375Net Income 2019: -$418,8962019Revenue 2020: $1,907,170Expenses 2020: $2,486,375Net Income 2020: -$579,2052020Revenue 2021: $2,474,598Expenses 2021: $2,682,706Net Income 2021: -$208,1082021Revenue 2022: $2,377,757Expenses 2022: $2,737,783Net Income 2022: -$360,0262022Revenue 2023: $12,257,150Expenses 2023: $3,240,555Net Income 2023: $9,016,5952023Revenue 2024: $2,702,719Expenses 2024: $3,240,955Net Income 2024: -$538,2362024

Highlighted filing

2017

Revenue$2,073,908
Expenses$774,369
Net Income$1,299,539
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$2,073,908
Mission and Program Overview

Mission

To transform communities by inspiring and equipping future inventors, entrepreneurs and visionaries by operation of the cade museum for creativity and invention ("the museum"). The museum opened to the public in may 2018 and 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. The museum also conducts field trips, camps and classes to further enhance the learning experience at the museum.

To transform communities by inspiring and equipping future inventors, entrepreneurs and visionaries by operation of the cade museum of creativity and invention ("the museum").

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,964,676$11,853,746▲ $5,889,070
Savings and Temporary Cash Investments$6,308,937$1,137,193▼ $5,171,744
Accounts Receivable$0$172,029▲ $172,029
Prepaid Expenses and Deferred Charges$3,397$55,529▲ $52,132
Other Notes and Loans Receivable, Net$170$0▼ $170
Total Assets$12,282,780$13,245,104▲ $962,324
Other Assets Total$5,600$26,607▲ $21,007
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,899,330$8,996,083▲ $96,753
Accounts Payable and Accrued Expenses$1,115,468$531,909▼ $583,559
Other Liabilities$0$149,591▲ $149,591
Total Liabilities$10,014,798$9,677,583▼ $337,215
Net Assets / Fund Balance
Unrestricted Net Assets$2,267,982$3,567,521▲ $1,299,539
Total Net Assets Fund Balance$2,267,982$3,567,521▲ $1,299,539
Total Liabilities and Net Assets / Fund Balance$12,282,780$13,245,104▲ $962,324

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,796,304-$11,796,304
Equipment$57,442$14,142$71,584
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie BailesExecutive DirectorFT$117,048$117,048

Board Members and Trustees

NameTitle
Phoebe MilesPresident
Carla WarlowDirector
Cathy AdlerDirector
Christine PhilipsDirector
David MassiasDirector
David SaliwanchikDirector
Jackson StreeterDirector
Jeff LyonsDirector
Kevin ThorpeDirector
Luis DiazDirector
Mary CadeDirector
Patti BreedloveDirector
Richard AllenDirector
Richard MilesDirector
Robert HromasDirector
Rose FaglerDirector
Scott PerdueDirector
Susan DavenportDirector
Paul HassieTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Oelrich ConstructionContruction Services275 NW 137TH DRIVE SUITE A, Jonesville, FL 32669$4,673,687
Cedraybro ElectricContruction Services1616 NE 23RD AVENUE, Gainesville, FL 32601$269,970
Themeworks INCExhibit Development And Construction17594 HIGH SPRINGS MAIN STREET, High Springs, FL 32643$198,673
Dsr Technologies INCContruction Services5745 SW 75TH STREET SUITE 180, Gainesville, FL 32601$109,268
Gwwo INCArchitecture Services800 WYMAN PARK DRIVE SUITE 300, Baltimore, MD 21211$101,893
Revenue and Support

Revenue Composition

Contributions and Grants
$1,689,368
Program Service Revenue
$47,175
Investment Income
$4,914
Other Revenue
$332,451
All Other Contributions
$105,475
Change in Net Assets
$1,299,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,514
Salaries, Compensation, and Employee Benefits$355,580
Total Fundraising Expense$159,928
Professional Fundraising Fees$44,275
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,393$85,053-$207,446
Current Officers, Directors, Trustees, and Key Employees$69,058$47,990-$117,048
All Other Expenses$26,675-$45,507$72,182
Fees for Services Accounting$40,472$28,125-$68,597
Advertising--$62,438$62,438
Information Technology$28,674$19,926$3,521$52,121
Fees for Services Other$33,720$14,599-$48,319
Fees for Services Professional Fundraising--$44,275$44,275
Office Expenses$14,904$10,357$4,187$29,448
Occupancy$17,358$12,062-$29,420
Payroll Taxes$14,558$10,116-$24,674
Travel$4,252$2,955-$7,207
Other Employee Benefits$3,783$2,629-$6,412
Insurance$2,010$1,397-$3,407
Conferences and Meetings$811$564-$1,375
Total Functional Expenses$378,668$235,773$159,928$774,369
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$44,275
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$149,591
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 2

The following board members have a family relationship: -phoebe miles and richard miles -scott perdue and cathy perdue-adler

Form 990, Part VI, Section B, Line 11B

The completed 990 will be reviewed by the finance & audit committee of the board of directors after filing.

Form 990, Part VI, Section B, Line 15

The compensation of the organizations officers is reviewed and approved by the board of directors. Compensation is based on the compensation arrangements of comparable organizations. The organization's decisions are documented in writing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cade Creativity Labs Inc
EIN
81-1234271
Phone
3523718001
Address
904 S MAIN ST, GAINESVILLE, FL 32601-7925

Signing Officer

Name
Stephanie Bailes
Title
Executive Director
Phone
3523718001
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Bailes
Formed
2016
Legal Domicile
Fl
Voting Board Members
19
Independent Board Members
19
Employees
12
Volunteers
43

Preparer

Firm
Cherry Bekaert Llp
Address
401 EAST JACKSON ST SUITE 1200, TAMPA, FL 33602
Preparer
Amanda Adams
Phone
8132511010
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors' finance and audit committee works with the executive director to select the auditor and oversee the audit process. They are also consulted in regards to the selection of an independent accountant.

Financial Statement Notes

PART III, LINE 4:

Museum display item from dr. Cade's collection.

Raw XML AppendixShowing 400 of 599 raw XML fields

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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