CIGAR FAMILY CHARITABLE FOUNDATION INC

EIN: 593735324 501(c)(3) Philanthropy & Grantmaking

TAMPA, FL

Total Revenue
$2,757,997
Total Expenses
$1,376,901
Total Assets
$8,953,738
Net Assets
$8,952,816
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
CARLOS FUENTE JR
Phone
8132482124
Tax Period
2024-01-01 to 2024-12-31

CIGAR FAMILY CHARITABLE FOUNDATION INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 50% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $778,921

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...

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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.

Program 2
Expenses: $367,336

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...

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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.

Program 3
Expenses: $83,491

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...

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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.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,757,991
Program Service Revenue $0
Investment Income $129,265
Other Revenue $-129,259
TOTAL REVENUE $2,757,997

Expense Breakdown

Grants Paid $1,345,316
Salaries & Benefits $0
Fundraising Expenses $4,477
Program Expenses $1,345,316
Other Expenses $31,585
TOTAL EXPENSES $1,376,901

Year-over-Year Comparison

2024 2023 Change
Revenue $2,757,997 $2,503,257 +0.1%
Expenses $1,376,901 $1,328,673 +0.0%
Net Income $1,381,096 $1,174,584 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS FUENTE JR PRESIDENT 4.00
Officer Director
$0 $0 $0
ERIC NEWMAN SECRETARY/TREASURER 4.00
Officer Director
$0 $0 $0
ROBERT NEWMAN VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
ANDREW NEWMAN BOARD MEMBER 4.00
Director
$0 $0 $0
CIRO CASCELLA BOARD MEMBER 4.00
Director
$0 $0 $0
CYNTHIA FUENTE-SUAREZ BOARD MEMBER 4.00
Director
$0 $0 $0
LIANA FUENTE BOARD MEMBER 4.00
Director
$0 $0 $0
LYRIS NEWMAN BOARD MEMBER 4.00
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
2025 No data No data No data No data
2024 $2,757,997 $1,376,901 $8,953,738 $1,381,096
2023 $2,503,257 $1,328,673 $7,238,394 $1,174,584
2022 $1,750,069 $1,098,198 $5,759,956 $651,871
2021 $1,214,419 $654,772 $5,185,957 $559,647
2020 $1,189,515 $676,000 $4,417,238 $513,515
2019 $1,870,121 $1,374,121 $3,952,460 $496,000
2018 $1,480,680 $1,641,764 $3,414,067 $-161,084
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