CULTURAL ISLAND TRAVEL INC

EIN: 462808095 501(c)(3) Arts, Culture & Humanities

GREAT NECK, NY

Total Revenue
$1,255,043
Total Expenses
$1,067,817
Total Assets
$624,042
Net Assets
$623,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
SHABNAM SAMOOHI
Phone
8004941945
Tax Period
2024-01-01 to 2024-12-31

CULTURAL ISLAND TRAVEL INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 15% surplus.

Mission

CULTURAL ISLAND TRAVEL IS LICENSED BY THE US TREASURY OFFICE OF FOREIGN ASSETS (OFAC) TO CONDUCT CULTURAL EXCHANGE (PEOPLE-TO-PEOPLE) TRAVEL TO CUBA. ITINERARIES CENTERED AROUND MUSIC, DANCE AND ART, FULLY COMPLIANT WITH OFAC GUIDELINES, ARE DESIGNED.

Program Service Accomplishments

Program 1
Expenses: $939,761

CULTURAL EXCHANGE PROGRAM - THIS PROGRAM ALLOWS U.S. CITIZENS TO LEGALLY TRAVEL TO CUBA AND EXPERIENCE ITS UNIQUE HISTORY. THE ORGANIZATION HAS A LICENSE THROUGH THE US TREASURY OFFICE OF FOREIGN...

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CULTURAL EXCHANGE PROGRAM - THIS PROGRAM ALLOWS U.S. CITIZENS TO LEGALLY TRAVEL TO CUBA AND EXPERIENCE ITS UNIQUE HISTORY. THE ORGANIZATION HAS A LICENSE THROUGH THE US TREASURY OFFICE OF FOREIGN ASSETS CONTROL. OUR GOAL IS TO FOSTER MEANINGFUL CULTURAL EXCHANGE BETWEEN CUBANS AND U.S. CITIZENS, WITH AN EMPHASIS ON MUSIC, DANCE, AND VISUAL ART, IN WAYS THAT ARE SURE TO BE UNFORGETTABLE FOR BOTH PARTIES. EXPERIENCES TO OTHER COUNTRIES (IRELAND, MEXICO, ITALY) ARE ALSO AVAILABLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,255,043
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,255,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,241
Fundraising Expenses $0
Program Expenses $1,055,432
Other Expenses $1,014,576
TOTAL EXPENSES $1,067,817

Year-over-Year Comparison

2024 2023 Change
Revenue $1,255,043 $896,544 +0.4%
Expenses $1,067,817 $774,469 +0.4%
Net Income $187,226 $122,075 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$98,400
Total Directors
4
$98,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHABNAM SAMOOHI PRESIDENT 40.00
Officer Director
$49,200 $0 $98,400
MAZAL GAVRIELOV VICE PRESIDE N/A
Director
$0 $0 $0
DAHLIA LAHIJI DIRECTOR N/A
Director
$0 $0 $0
TERESA SANCHEZ DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,255,043 $1,067,817 $624,042 $187,226
2023 $896,544 $774,469 $436,807 $122,075
2022 $546,802 $280,168 $343,861 $266,634
2020 $163,284 $296,239 $126,330 $-132,955
2019 $1,038,051 $1,303,099 $268,480 $-265,048
2018 $1,685,813 $1,509,015 $518,063 $176,798
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