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CACHE in Medford Inc. (The Coalition for Arts, Culture, and a Healthy Economy)

 One Shipyard Way, #304
 Medford, MA 02155
[P] (781) 3934950
[F] --
www.cacheinmedford.org
[email protected]
Laurel Siegel
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INCORPORATED: 2011
 Printable Profile (Summary / Full)
EIN 45-2447946

LAST UPDATED: 01/30/2017
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

CACHE in Medford, Inc. is a non-profit organization made up of a coalition of over 20 different cultural institutions in Medford. Formed in 2011, CACHE collectively advocates for the arts in Medford and strives to make our community a more vibrant place through events, projects, and collaborations with local businesses. In addition to Arts Across Medford and the Mystic River Celebration, CACHE produces Medford’s Circle the Square downtown street festivals, which take place on the third Thursday of each month from June to August.

Mission Statement

CACHE in Medford, Inc. is a non-profit organization made up of a coalition of over 20 different cultural institutions in Medford. Formed in 2011, CACHE collectively advocates for the arts in Medford and strives to make our community a more vibrant place through events, projects, and collaborations with local businesses. In addition to Arts Across Medford and the Mystic River Celebration, CACHE produces Medford’s Circle the Square downtown street festivals, which take place on the third Thursday of each month from June to August.

FinancialsMORE »

Fiscal Year Jan 01, 2016 to Dec 31, 2016
Projected Income $28,500.00
Projected Expense $28,500.00

ProgramsMORE »

  • Circle the Square

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

CACHE in Medford, Inc. is a non-profit organization made up of a coalition of over 20 different cultural institutions in Medford. Formed in 2011, CACHE collectively advocates for the arts in Medford and strives to make our community a more vibrant place through events, projects, and collaborations with local businesses. In addition to Arts Across Medford and the Mystic River Celebration, CACHE produces Medford’s Circle the Square downtown street festivals, which take place on the third Thursday of each month from June to August.

Background Statement

In 2009, three Medford-based cultural nonprofits gathered to discuss concerns about and a vision for the arts community in Medford. As the voices around the table grew in number over time, it became clear that Medford needed an organization that united cultural nonprofits to collectively advocate for and bring visibility to the growing arts and culture scene.

In 2011, CACHE was incorporated as a 501(c)(3) non-profit, and launched immediately into developing free community programs built upon strong relationships with CACHE’s 20 member organizations, local businesses, and a wide range of talented local artists and musicians. Over the next few years, Arts Across Medford, the Mystic River Celebration, and Circle the Square put CACHE on the map, and provided the community with free outdoor programming that promoted the variety of artistic, cultural and historical resources in Medford. In 2016, CACHE’s programs served an audience of over 5,000 people.


Impact Statement

CACHE has established 3 successful ongoing programs: (1) Circle the Square, a summer street festival series in Medford's downtown, aimed at highlighting the many arts and culture resources in Medford, as well as encouraging patronage of our local businesses; (2) Mystic River Celebration at the Condon Shell along the Mystic River each September, Medford's largest arts festival, featuring live music and dance performances, art installations, interactive art projects, arts vendors, and booths for local non-profit organizations; and (3) Arts Across Medford, a curated series of events throughout the month of October organized with local arts and culture organizations around a central theme (in 2016 our theme was Transformation).  

Needs Statement

In 2015 we developed a Strategic Plan for CACHE, and that plan established three primary needs for CACHE: (1) Achieving financial stability through consistent, long-term financial commitments including grants, sponsorships, city investment in the arts, and other sources; (2) building a sustainable, knowledgeable, diverse core of board members, staff and volunteers to enable us to do the work needed to achieve our goals; and (3) continuing to build collaboration with and among our member organizations, local businesses, and the city to advance arts and culture in the City of Medford.  We presently rely primarily on volunteers to coordinate our five major festivals each year.  It is challenging to sustain volunteer commitments on such a large scale, and by increasing our funding we hope to hire one or more staff people to ensure our capacity to run these programs. 

CEO Statement

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Board Chair Statement

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Geographic Area Served

GREATER BOSTON REGION, MA
We serve the City of Medford and surrounding communities (Somerville, Arlington, Malden, Winchester, Melrose).

Organization Categories

  1. Arts,Culture & Humanities - Arts & Culture
  2. Community Improvement, Capacity Building - Economic Development
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Circle the Square

Circle the Square is a free downtown street festival that takes place in Medford Square on the third Thursday of the summer months. The festival connects Medford residents with their community through site-specific activities and arts programming, and introduces citizens to Medford's many cultural resources and local businesses. With over 2,000 visitors each summer, this event draws residents of all ages and diverse backgrounds to take part in free entertainment in a business district that for many years has struggled with patronage.
Budget  $11,000.00
Category  Arts, Culture & Humanities, General/Other Arts, Culture & Humanities, General/Other
Population Served General/Unspecified
Program Short-Term Success  Circle the Square brings the community together to entertain and educate the public, and to highlight our local arts and culture resources, as well as our local businesses. Our events also provide a venue for local non-profit organizations to interact with the public. There are currently no other similar programs in Medford. Circle the Square is also one of the few opportunities for local emerging artists and performers to show their work in a festive community setting, and this program directly support the arts community, with more than 50% of our budget going to pay local artists and performers. Community input surveys have indicated that the Medford public is eager for opportunities for all ages to get out and explore the community.
Program Long-Term Success  Through Circle the Square, we seek to increase awareness of the many arts, culture and historic resources we have in Medford.  In addition, we aim to increase patronage of our local businesses in Medford Square, a commercial area which has struggled to compete with newer local developments such as Stations Landing and Assembly Square.
Program Success Monitored By  At each event, we take periodic head counts at our primary venues to help us gauge attendance.  We also ask attendees to take a brief survey to learn which performances, activities and businesses they are engaging with.  In addition, we send surveys to our participating businesses and organizations to gather information about the success of the program for them and suggestions for how we might improve the programs. Similarly, we periodically conduct online community surveys to give the public an opportunity to comment on our programs and what they would like to see in the future.
Examples of Program Success  Circle the Square has had a direct impact on funding for the arts in Medford.  Prior to 2013, the City of Medford had no line-item for arts funding in its budget.  Citing Circle the Square specifically as the type of program that benefits our city, in 2013 two of our City Council members asked our Mayor to establish a line item to provide funding to the Medford Arts Council (the local granting authority under the Massachusetts Cultural Council), which in turn provides funding for Circle the Square.  The Mayor responded and set $12,000 for funding that year.  That line item has since increased to $30,000, which, combined with the state funds from the MCC, has more than doubled the funds available to the Medford Arts Council for granting each year.  In addition, local businesses participating in Circle the Square programs have reported that they have seen increases in their profits as a result of our programs.

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms. Laurel Siegel
CEO Term Start May 2015
CEO Email [email protected]
CEO Experience Ms. Siegel has served on the Board of Directors of CACHE since 2012, and as President of CACHE since 2016. She has also been Chair of their summer festival series, Circle the Square, since 2013. In addition, Ms. Siegel serves on the Board of Directors of the Medford Arts Council, and on the Board of Directors of the Medford Community Coalition, a non-profit organization aimed at maintaining a thriving community in Medford through beautification and clean-up of the City, fostering community development, encouraging community engagement, and supporting arts and cultural activities. Ms. Siegel has practice law since 1995 and is the managing member of Law Offices of Laurel H. Siegel, LLC. She is an active member of the Real Estate Bar Association of Massachusetts, serving on its Legislative Committee, and has also served as Chair of the Massachusetts Bar Association's Property Law Section Council and as Co-Chair of the MBA's Joint Foreclosure Legislative Task Force. She is also a Fellow of the Massachusetts Bar Foundation.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
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Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
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Collaborations

CACHE collaborates with its member organizations, other local non-profit and community organizations, artists and performers, local businesses and the City of Medford.

CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 0
Number of Part Time Staff 0
Number of Volunteers 15
Number of Contract Staff 2
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 2
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures No
Nondiscrimination Policy Under Development
Whistle Blower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy No
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? N/A
CEO Formal Evaluation and Frequency N/A N/A
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency N/A N/A

Governance


Board Chair Ms. Laurel Siegel
Board Chair Company Affiliation President
Board Chair Term May 2015 - May 2016
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Debbie Corleto Instructor, Paint Nites; Retired Medford Public School Art Teacher Voting
Maria Daniels Deputy Director Communications, Swanee Hunt Alternatives Voting
May Marquebreuck Retired Voting
Jack McGoldrick Owner, McGoldrick Marketing Voting
Dee Morris Community Historian, Historic Connections Voting
Louise Musto-Choate Owner, DesignInMind Jewelry Voting
Laura Olifiers Public Relations Manager, Re/Max Andrew Realty Voting
Cheryl Pendenza Realtor, Re/Max Andrew Realty Voting
Charlotte Scuderi Real Estate Broker, Re/Max Andrew Realty Voting
Laurel Siegel Owner/Attorney, Law Offices of Laurel H. Siegel, LLC Voting
Cytnthia Watson Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
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Youth Board Members

Name Company Affiliations Status
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Advisory Board Members

Name Company Affiliations Status
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Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 12
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 11
Male: 1
Not Specified 0

Board Information

Board Term Lengths 1
Board Term Limits 0
Board Meeting Attendance % 90%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 50%
Constituency Includes Client Representation No

Standing Committees

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CEO/Executive Director/Board Comments

Board members have staggered terms, with half of the board having a term of 1 year and half of the board having a term of 2 years.  There are no term limits for board members or officers.

Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Fiscal Year Jan 01, 2016 to Dec 31, 2016
Projected Income $28,500.00
Projected Expense $28,500.00
Form 990s

2015 Form 990

2014 Form 990

2013 Form 990

Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $30,741 $61,911 $22,084
Total Expenses $27,311 $25,545 $19,088

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $29,096 $60,518 $20,802
Indirect Public Support -- -- --
Earned Revenue $1,071 $1,349 $1,282
Investment Income, Net of Losses $14 $9 --
Membership Dues $560 $35 --
Special Events -- -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $18,077 $21,843 $16,931
Administration Expense $8,974 $3,202 $1,640
Fundraising Expense $260 $500 $517
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.13 2.42 1.16
Program Expense/Total Expenses 66% 86% 89%
Fundraising Expense/Contributed Revenue 1% 1% 2%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $45,149 $41,719 $5,353
Current Assets $45,149 $41,719 $5,353
Long-Term Liabilities $0 $0 $0
Current Liabilities $0 $0 $0
Total Net Assets $45,149 $41,719 $5,353

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
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Financial Planning

Endowment Value --
Spending Policy N/A
Percentage(If selected) --
Credit Line No
Reserve Fund Yes
How many months does reserve cover? 12.00

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities -- -- --

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

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Foundation Comments

FFinancial summary data in charts and graphs are per the organization's IRS Form 990s, with administrative and fundraising expense breakouts per the Form PC on file with the state of MA. Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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