Cade Museum Foundation Inc
Cade Museum Foundation experiences significant negative revenue in 2023, despite historical asset strength and 0% officer compensation.
EIN: 201884134 · Gainesville, FL · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $5.9M |
| Transparency Score | 75/100 |
Is Cade Museum Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cade Museum Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cade Museum Foundation Inc
Cade Museum Foundation Inc (EIN: 201884134) is a nonprofit organization based in Gainesville, FL, classified under NTEE code A50. The organization reported total revenue of $1.5M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cade Museum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cade Museum Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -243.6% | +33.9% | -43.3% |
| 2022 | +49.4% | -12.4% | +7.4% |
| 2021 | -15.3% | +17.3% | +2.9% |
| 2020 | +26.9% | -7.0% | +2.1% |
| 2019 | -11.2% | -6.9% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cade Museum Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cade Museum Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
The Cade Museum Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with assets reaching over $11 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cade Museum Foundation Inc's IRS 990 filings:
- Significant negative revenue of $-3,061,301 in 2023, which is a major financial concern.
- Unusually consistent 0% officer compensation for an organization with substantial assets, which may indicate compensation is reported elsewhere or a reliance on unpaid executive leadership.
Strengths
The following positive indicators were identified for Cade Museum Foundation Inc:
- Strong historical asset base, reaching over $11 million in 2022, providing financial stability.
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Long filing history (12 filings) suggests established operations and compliance.
Frequently Asked Questions about Cade Museum Foundation Inc
Is Cade Museum Foundation Inc a legitimate charity?
Cade Museum Foundation Inc (EIN: 201884134) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cade Museum Foundation Inc spend its money?
Cade Museum Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cade Museum Foundation Inc tax-deductible?
Cade Museum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201884134). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cade Museum Foundation Inc CEO make?
Cade Museum Foundation Inc's highest-compensated officer earns $11 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cade Museum Foundation Inc's spending goes to programs?
Cade Museum Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cade Museum Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cade Museum Foundation Inc is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cade Museum Foundation Inc located?
Cade Museum Foundation Inc is headquartered in Gainesville, Florida and files with the IRS under EIN 201884134. It is classified under NTEE code A50.
How many years of IRS 990 filings does Cade Museum Foundation Inc have?
Cade Museum Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
What caused the $-3,061,301 negative revenue in 2023?
The provided data does not specify the cause, but such a significant negative figure often indicates substantial investment losses or a major asset write-down. This would require reviewing the full IRS 990 filing for details on Part VIII, Statement of Revenue.
How does the Cade Museum Foundation sustain operations with 0% officer compensation?
While officers may not receive compensation, other staff members or contractors are likely paid. The 0% officer compensation suggests a volunteer-led executive team or that compensation is reported under different categories, which would need to be verified in the full 990.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include this level of detail. A full IRS 990 filing would be needed to analyze Part IX, Statement of Functional Expenses, to understand how the $2,104,029 in expenses for 2023 (or other years) was allocated.
Filing History
IRS 990 filing history for Cade Museum Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Cade Museum Foundation Inc's revenue has declined by 569.6%, moving from $652K to $-3,061,301. Total assets increased by 97.3% over the same period, from $3.3M to $6.5M. Total functional expenses rose by 365.3%, from $452K to $2.1M. The organization holds $601K in liabilities against $6.5M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-3,061,301 | $2.1M | $6.5M | $601K | — | — |
| 2022 | $2.1M | $1.6M | $11.5M | $572K | — | View 990 |
| 2021 | $1.4M | $1.8M | $10.7M | $717K | — | View 990 |
| 2020 | $1.7M | $1.5M | $10.4M | $672K | — | View 990 |
| 2019 | $1.3M | $1.6M | $10.2M | $681K | — | View 990 |
| 2018 | $1.5M | $1.8M | $10.9M | $1.0M | — | View 990 |
| 2017 | $2.3M | $1.9M | $11.3M | $1.1M | — | View 990 |
| 2015 | $3.8M | $650K | $9.9M | $246K | — | View 990 |
| 2014 | $1.8M | $482K | $6.3M | $257K | — | View 990 |
| 2013 | $1.8M | $584K | $4.9M | $284K | — | View 990 |
| 2012 | $578K | $789K | $3.5M | $336K | — | View 990 |
| 2011 | $652K | $452K | $3.3M | $365K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-3,061,301, expenses of $2.1M, and assets of $6.5M (revenue -243.6% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $11.5M (revenue +49.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.8M, and assets of $10.7M (revenue -15.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $10.4M (revenue +26.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.6M, and assets of $10.2M (revenue -11.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.8M, and assets of $10.9M (revenue -34.2% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.9M, and assets of $11.3M (revenue -39.9% year-over-year).
- 2015: Revenue of $3.8M, expenses of $650K, and assets of $9.9M (revenue +111.9% year-over-year).
- 2014: Revenue of $1.8M, expenses of $482K, and assets of $6.3M (revenue -0.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $584K, and assets of $4.9M (revenue +210.5% year-over-year).
- 2012: Revenue of $578K, expenses of $789K, and assets of $3.5M (revenue -11.4% year-over-year).
- 2011: Revenue of $652K, expenses of $452K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cade Museum Foundation Inc:
Data Sources and Methodology
This transparency report for Cade Museum Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.