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Nonprofiteer
← PEDRO CUBAN PETE AGUILAR AND BARBARA CRADDOCK ENDOWMENT INC

Form 990 for tax year 2023

Filed by PEDRO CUBAN PETE AGUILAR AND BARBARA CRADDOCK ENDOWMENT INC.

Totals

Total revenue
$43,662
Total expenses
$77,619
Contributions and grants received
$0
Grants paid
$37,500
Program service revenue
$0
Investment income
$43,662
Other revenue
$0
Total assets, end of year
$978,385
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$978,385
Program services expenses (Part IX)
$37,500
Management and general expenses
$40,119
Fundraising expenses
$0
Program service expenses (Part III)
$37,500

Program services were 48.3% 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.

  • 3 · Investment income

    total $28,568 · excluded $28,568

  • 7a · Gross sales of assets other than inventory

    securities $169,020

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

    securities $153,926

  • 7c · Gain or loss

    securities $15,094

  • 7d · Net gain or loss

    total $15,094 · excluded $15,094

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,500 · program services $37,500

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11f · Fees: investment management

    total $10,119 · management and general $10,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,439 · end of year $16,439

  • 10a · Land, buildings and equipment: cost or other basis

    $2,882

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,882 · end of year $2,882

  • 11 · Investments: publicly traded securities

    beginning of year $920,734 · end of year $959,064

  • 28 · Net assets with donor restrictions

    beginning of year $940,055 · end of year $978,385

Mission and programs · 2023

Mission

SUPPORTING VISUAL AND PERFORMING ARTS, ARTS EDUCATION AND PERFORMANCE IN THE AREA OF LATIN DANCE, WITH EMPHASIS ON (BUT NOT LIMITED TO) A STYLE OF DANCE ORIGINATED IN NEW YORK WHICH IS COMMONLY REFERRED TO AS MAMBO EN CLAVE IN THE STYLE OF PALLADIUM BALLROOM.

  • THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PERFORM THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF THE SOUTHWEST FLORIDA COMMUNITY FOUNDATION BY SUPPORTING VISUAL AND PERFORMING ARTS, ARTS EDUCATION AND PERFORMANCE IN THE AREA OF LATIN DANCE, WITH EMPHASIS ON (BUT NOT LIMITED TO) A STYLE OF DANCE ORIGINATED IN NEW YORK WHICH IS COMMONLY REFERRED TO AS MAMBO EN CLAVE IN THE STYLE OF THE PALLADIUM BALLROOM WHICH WAS IMMORTALIZED BY PEDRO ("CUBAN PETE")AGUILAR.

    Expenses $37,500 · Grants $37,500

As filed on the 2023 return.

Listed in Part VII

  • Dawn Belamarich

    CHAIR/PRESIDENT (AS OF 9/5/2023)

    Total calculated
    $98,906
    From this org
    $0
    From related orgs
    $90,959
    Other
    $7,947
    Hours/week
    1 + 60 related

  • Gail McClure

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marina Nassif

    TREASURER

    Total calculated
    $158,147
    From this org
    $0
    From related orgs
    $139,769
    Other
    $18,378
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,769 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,775 related
    Nontaxable benefits
    $0 + $12,603 related
    Filer's total
    $0 + $158,147 related

  • Kevin Carmichael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Mazany

    DIRECTOR (THROUGH 7/21/23)

    Total calculated
    $201,626
    From this org
    $0
    From related orgs
    $194,712
    Other
    $6,914
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,712 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,885 related
    Nontaxable benefits
    $0 + $1,029 related
    Filer's total
    $0 + $201,626 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION
THE COMPENSATION AND BENEFIT INFORMATION REPORTED IN PART II OF SCHEDULE J IS MERELY PROVIDED AS PART OF THE REQUIRED RELATED ORGANIZATION DISCLOSURE FOR THE SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC. THE PEDRO "CUBAN PETE" AGUILAR AND BARBARA CRADDOCK ENDOWMENT INC DOES NOT COMPENSATE ANY OF ITS BOARD MEMBERS OR OFFICERS AND DOES NOT HAVE ANY EMPLOYEES. THE COMPENSATION FOR THE ORGANIZATION'S CEO IS SET AND DETERMINED BY ITS RELATED ORGANIZATION, SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC., USING OR MORE OF THE METHODS ON SCHEDULE J, PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ELEGANT RUMBA DANCE COMPANY

    $37,500

    LATIN DANCE TRAINING

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403169349305120

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