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 JrCARLOS FUENTE JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Eric NewmanERIC NEWMAN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Robert NewmanROBERT NEWMAN
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Andrew NewmanANDREW NEWMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Ciro CascellaCIRO CASCELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Cynthia Fuente-SuarezCYNTHIA FUENTE-SUAREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Liana FuenteLIANA FUENTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Lyris NewmanLYRIS 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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