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Nonprofiteer
← CIGAR FAMILY CHARITABLE FOUNDATION INC

Form 990 for tax year 2024

Filed by CIGAR FAMILY CHARITABLE FOUNDATION INC.

Totals

Total revenue
$2,757,997
Total expenses
$1,376,901
Contributions and grants received
$2,757,991
Grants paid
$1,345,316
Program service revenue
$0
Investment income
$129,265
Other revenue
-$129,259
Total assets, end of year
$8,953,738
Total liabilities, end of year
$922
Net assets or fund balances, end of year
$8,952,816
Program services expenses (Part IX)
$1,345,316
Management and general expenses
$27,108
Fundraising expenses
$4,477
Program service expenses (Part III)
$1,345,316

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,142,973

  • 1f · All other contributions, gifts and grants

    $1,615,018

  • 3 · Investment income

    total $105,081 · excluded $105,081

  • 7a · Gross sales of assets other than inventory

    securities $886,842

  • 7b · Less cost or other basis and sales expenses

    securities $862,658

  • 7c · Gain or loss

    securities $24,184

  • 7d · Net gain or loss

    total $24,184 · excluded $24,184

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,142,973

  • 8b · Fundraising events: direct expenses

    $129,259

  • 8c · Net income from fundraising events

    total -$129,259 · excluded -$129,259

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,345,316 · program services $1,345,316

  • 11b · Fees: legal

    total $4,174 · management and general $4,174

  • 11c · Fees: accounting

    total $12,915 · management and general $12,915

  • 13 · Office expenses

    total $7,972 · management and general $3,495 · fundraising $4,477

  • 14 · Information technology

    total $306 · management and general $306

  • 24a · Other expenses: STATE FILING FEES

    total $6,218 · management and general $6,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,500 · end of year $2,500

  • 2 · Savings and temporary cash investments

    beginning of year $2,059,405 · end of year $2,482,247

  • 3 · Pledges and grants receivable

    beginning of year $147,618 · end of year $129,301

  • 11 · Investments: publicly traded securities

    beginning of year $5,028,871 · end of year $6,339,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,400 · end of year $922

  • 27 · Net assets without donor restrictions

    beginning of year $6,342,563 · end of year $7,649,559

  • 28 · Net assets with donor restrictions

    beginning of year $843,431 · end of year $1,303,257

Mission and programs · 2024

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE BONAO REGION OF THE DOMINICAN REPUBLIC BY ADDRESSING EDUCATION GAPS, LIMITED HEALTHCARE AND NUTRITION AND THE LACK OF SUSTAINABLE EMPLOYMENT.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE IN THE BONAO REGION OF THE DOMINICAN REPUBLIC.

  • PRIMARY SCHOOL - IN PARTNERSHIP WITH FUNDACION HUMO DE AMOR (DOMICILED IN THE DOMINICAN REPUBLIC WHO OPERATES THE CFC COMPLEX), THE CIGAR FAMILY CHARITABLE FOUNDATION DELIVERS FREE, HIGH-QUALITY EDUCATION TO OVER 225 STUDENTS FROM PRESCHOOL THROUGH EIGHTH GRADE IN BONAO, DOMINICAN REPUBLIC. BY OFFERING A WELL-ROUNDED CURRICULUMINCLUDING SCIENCE, MATH, ARTS, TECHNOLOGY, AND LANGUAGE INSTRUCTION IN ENGLISH AND FRENCHALONG WITH FULL SUPPORT SUCH AS UNIFORMS, SUPPLIES, AND TEACHER SALARY ENHANCEMENTS, THE FOUNDATION EMPOWERS STUDENTS WITH THE TOOLS TO BECOME BILINGUAL, EDUCATED, AND PREPARED FOR A BRIGHTER FUTURE.HIGH SCHOOL - TO ENSURE CONTINUED EDUCATION BEYOND MIDDLE SCHOOL, THE CIGAR FAMILY HIGH SCHOOL WAS ESTABLISHED IN 2005, NOW SERVING OVER 250 STUDENTS WITH A STRONG ACADEMIC FOUNDATION IN GRAMMAR, MATH, AND SCIENCE, ALONGSIDE COMPUTER TRAINING, VOCATIONAL PROGRAMS, AND EXTRACURRICULAR ACTIVITIES. THE SCHOOL EMPOWERS YOUTH TO BECOME SELF-MOTIVATED LEADERS AND BREAK THE CYCLE OF POVERTY THROUGH EDUCATION AND OPPORTUNITY.TECHNICAL SCHOOL - TO EXPAND ACCESS TO HIGHER EDUCATION, THE CIGAR FAMILY TECHNICAL SCHOOL WAS ESTABLISHED IN 2019, ALLOWING STUDENTS TO PURSUE ACCREDITED DESIGNATIONS IN EITHER NURSING OR COMPUTER NETWORKING. THIS INITIATIVE REMOVES ECONOMIC BARRIERS AND CREATES LASTING OPPORTUNITIES, WITH BENEFITS THAT WILL IMPACT THE REGION FOR GENERATIONS.

    Expenses $778,921 · Grants $778,921

  • GENERAL HEALTHCARE - IN PARTNERSHIP WITH FUNDACION HUMO DE AMOR, THE CIGAR FAMILY COMPLEX PROVIDES ESSENTIAL HEALTHCARE SERVICES TO STUDENTS AND THE WIDER BONAO COMMUNITY, INCLUDING OB/GYN, PEDIATRICS, LAB TESTING, A PHARMACY, AND EMERGENCY CARE. FOCUSED ON PREVENTION AND EARLY DETECTION, THE CLINIC HAS SIGNIFICANTLY REDUCED MALNUTRITION AND DEADLY DISEASES THROUGH IMMUNIZATIONS AND REGULAR SCREENINGS.DENTAL PROGRAM - THE CIGAR FAMILY CHARITABLE FOUNDATION PROVIDES WEEKLY DENTAL CARE AND HYGIENE EDUCATION TO STUDENTS AND COMMUNITY MEMBERS, ENSURING ACCESS TO ESSENTIAL DENTAL SERVICES AND PROMOTING LIFELONG ORAL HEALTH.WATER PURIFICATION - THROUGH COMMUNITY COLLABORATION, THE CIGAR FAMILY CHARITABLE FOUNDATION ENSURES CHILDREN HAVE ACCESS TO CLEAN, SAFE DRINKING WATER, REPLACING THE UNSAFE CONDITIONS THEY ONCE FACED.EYE GLASS INITIATIVE - IN PARTNERSHIP WITH THE TAMPA MEDICAL COMMUNITY, THE CIGAR FAMILY CHARITABLE FOUNDATION DELIVERS VITAL OPHTHALMOLOGICAL CARE TO THE BONAO REGION. A DEDICATED TEAM OF DOCTORS, OPTOMETRISTS, AND VOLUNTEERS ANNUALLY VISITS THE COMMUNITY TO EXAMINE THOUSANDS OF PATIENTS, DIAGNOSE EYE CONDITIONS, AND PROVIDE PRESCRIPTION GLASSES. TO DATE, OVER 20,000 PEOPLE HAVE BENEFITED FROM THIS INITIATIVE, SIGNIFICANTLY ENHANCING VISION AND QUALITY OF LIFE.

    Expenses $367,336 · Grants $367,336

  • NUTRITION AND AGRICULTURE:IN PARTNERSHIP WITH FUNDACION HUMO DE AMOR, THE CIGAR FAMILY COMPLEX PROVIDES FREE, NUTRITIOUS BREAKFASTS AND LUNCHES TO STUDENTS, SOMETIMES SERVING AS THEIR ONLY WHOLESOME MEAL OF THE DAY. THROUGH VOCATIONAL PROGRAMS FOCUSED ON SUSTAINABLE AGRICULTURE, THE COMPLEX GROWS A PORTION OF ITS OWN FOOD AND EQUIPS COMMUNITY MEMBERS WITH VALUABLE SKILLS TO SUPPORT THEIR FAMILIES AND PROMOTE LONG-TERM FOOD SECURITY.SPORTS, RECREATION, AND FACILITY MAINTENANCE:THE COMPLEX FOSTERS YOUTH GROWTH AND COMMUNITY ENGAGEMENT THROUGH A VARIETY OF SPORTS AND RECREATIONAL PROGRAMS, INCLUDING BASKETBALL, VOLLEYBALL, BASEBALL, KARATE, TOURNAMENTS, AND CHILDREN'S SUMMER CAMPS. ADDITIONALLY, ONGOING MAINTENANCE AND LAND DEVELOPMENT EFFORTS ENSURE THE FACILITIES REMAIN SAFE AND RESILIENT AGAINST THE FREQUENT SEVERE WEATHER CONDITIONS FACED IN THE DOMINICAN REPUBLIC.

    Expenses $83,491 · Grants $83,491

  • IN PARTNERSHIP WITH FUNDACION HUMO DE AMOR, THE CIGAR FAMILY COMPLEX SUPPORTS COMMUNITY DEVELOPMENT, SPORTS, CONSTRUCTION, AND LAND MAINTENANCE PROGRAMS THAT FOSTER COOPERATION AMONG PREVIOUSLY DIVIDED COMMUNITIES IN THE CARIBE REGION. BY TRAINING LOCAL LEADERS AND HOSTING CULTURAL AND EDUCATIONAL EVENTS, THE COMPLEX STRENGTHENS COMMUNITY TIES. ADDITIONALLY, GRANT-FUNDED INITIATIVES PROVIDE ACCESS TO CLEAN, SANITARY WATER THROUGH FILTER DISTRIBUTION, IMPROVING HEALTH AND WELL-BEING ACROSS THE REGION.

    Expenses $115,568 · Grants $115,568

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlos Fuente Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Eric Newman

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Robert Newman

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Andrew Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Ciro Cascella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Cynthia Fuente-Suarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Liana Fuente

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Lyris Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 June 2025
IRS schema version
2024v5.1
Source object
202511699349301131

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