Civic Intelligence

Cuba Independiente Inc.

990 • Fiscal year 2022 • EIN 59-2092724

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 16, 2023

10020 SW 37 TerraceMiami, FL 33165

(321) 551-8484

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

49th percentile

4.0%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

88th percentile

$31,142

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

73rd percentile

23%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

67%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$61,731

Up $11,741 (+23%) from 2021

Net Assets

Up

$61,731

Up $11,741 (+23%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$291,480

Up $116,678 (+67%) from 2021

Expenses

Up

$279,739

Up $108,278 (+63%) from 2021

Net Income

Up

$11,741

Up $8,400 (+251%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0-$20KAssets 2008: $3,406Liabilities 2008: $02008Assets 2009: $167Liabilities 2009: $02009Assets 2010: $4,517Liabilities 2010: $02010Assets 2011: $848Liabilities 2011: $02011Assets 2012: -$7Liabilities 2012: $02012Assets 2013: $614Liabilities 2013: $02013Assets 2014: $1,660Liabilities 2014: $02014Assets 2015: $22,171Liabilities 2015: $02015Assets 2016: $31,066Liabilities 2016: $02016Assets 2017: $51,242Liabilities 2017: $02017Assets 2018: $39,226Liabilities 2018: $02018Assets 2019: $57,270Liabilities 2019: $02019Assets 2020: $46,649Net Assets 2020: $46,6492020Assets 2021: $49,990Net Assets 2021: $49,9902021Assets 2022: $61,731Liabilities 2022: $0Net Assets 2022: $61,7312022Assets 2023: $41,585Net Assets 2023: $41,5852023Assets 2024: $63,554Liabilities 2024: $0Net Assets 2024: $63,5542024

Highlighted filing

2022

Assets$61,731
Liabilities$0
Net Assets$61,731

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2008: $5,785Expenses 2008: $8,177Net Income 2008: -$2,3922008Revenue 2009: $950Expenses 2009: $4,189Net Income 2009: -$3,2392009Revenue 2010: $13,908Expenses 2010: $9,558Net Income 2010: $4,3502010Revenue 2011: $9,205Expenses 2011: $12,874Net Income 2011: -$3,6692011Revenue 2012: $4,751Expenses 2012: $5,606Net Income 2012: -$8552012Revenue 2013: $3,708Expenses 2013: $3,087Net Income 2013: $6212013Revenue 2014: $1,250Expenses 2014: $204Net Income 2014: $1,0462014Revenue 2015: $40,107Expenses 2015: $19,595Net Income 2015: $20,5122015Revenue 2016: $121,469Expenses 2016: $112,575Net Income 2016: $8,8942016Revenue 2017: $159,105Expenses 2017: $138,929Net Income 2017: $20,1762017Revenue 2018: $174,700Expenses 2018: $186,716Net Income 2018: -$12,0162018Revenue 2019: $267,231Expenses 2019: $249,188Net Income 2019: $18,0432019Revenue 2020: $154,029Expenses 2020: $164,650Net Income 2020: -$10,6212020Revenue 2021: $174,802Expenses 2021: $171,461Net Income 2021: $3,3412021Revenue 2022: $291,480Expenses 2022: $279,739Net Income 2022: $11,7412022Revenue 2023: $164,372Expenses 2023: $184,518Net Income 2023: -$20,1462023Revenue 2024: $223,167Expenses 2024: $201,198Net Income 2024: $21,9692024

Highlighted filing

2022

Revenue$291,480
Expenses$279,739
Net Income$11,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$291,480
Mission and Program Overview

Mission

Promote democracy and Human Rights

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,990$61,731▲ $11,741
Cap Stk Tr Prin Current Funds$49,990$61,731▲ $11,741
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$49,990$61,731▲ $11,741
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,990$61,731▲ $11,741
Total Liabilities and Net Assets / Fund Balance$49,990$61,731▲ $11,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria T MatosProject ManagerFT$31,142$31,142
Juan A FernandezDirectorPT$24,000$24,000
Rogelio MatosPresidentPT$11,800$11,800
Milagros L VeraProject AssistantPT$9,300$9,300

Board Members and Trustees

NameTitle
Miguel Remon ESQChairman
Luis B GonzalezDirector
Luis BenitezDirector
Rolando BasterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$291,480
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$480
Change in Net Assets
$11,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$186,993
Salaries, Compensation, and Employee Benefits$82,562
Other Expenses$10,184
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$186,993--$186,993
Current Officers, Directors, Trustees, and Key Employees$64,442$11,800$0$76,242
Payroll Taxes$0$6,320$0$6,320
Occupancy$0$6,146$0$6,146
Office Expenses$0$3,787$0$3,787
Total Functional Expenses$251,435$28,304$0$279,739
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 2

Administrative Assistant Maria T Matos employee is the spouse of corporate President Rogelio Matos

Part VI, Line 11A

Form 990 is reviewed by the Financial Committee which is made of 3 members of the Board of Directors

Part VI, Line 12C

The organization dedicates one board meeting per year to review the conflict of interes policy and to discuss any conflict of interest that may arise.

Part VI, Line 15

All salaries are reviewed and approved by the grantors e.g. the National Edowment for Democracy and or IRI USAID as part of budget review prior to grants being awarded.

Part VI, Line 19

The governing documents conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cuba Independiente Inc
EIN
59-2092724
In Care Of
% Rogelio Matos
Phone
3215518484
Address
10020 SW 37 Terrace, Miami, FL 33165
Doing Business As
Cuba Independiente Inc

Signing Officer

Name
Rogelio Matos
Title
President
Signed
2023-11-16

Organization Details

Formed
1981
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
5
Employees
4
Volunteers
7
Supplemental Narrative

Additional Explanations

Part III Line 4

| Explanation:| Line 4a NED grant to promote in Cuba the work of pro-democracy activists. In 2022 we published 28 editions of a newsletter distributed in 12 of 15 provinces by over 200 individuals. About 30 activists also work educating citizens on how to request solutions to community problems. We provided laptops printers and phones to support this work. Line 4b IRI USAID sub-award to provide humanitarian assistance in Cuba to political prisoners and their families. In 2022 we supported 150 families totaling 617 individuals with 19,723 lbs. of food personal hygiene items and 800 units of vitamins and pharmaceuticals. Both NED & IRI USAID grants require periodic Financial Reports which are reviewed for compliance with specific grant agreements including accounting methods as well as federal regulations CFR200

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IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Promote democracy and human rights
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt049990
IRS990/NetAssetsOrFundBalancesEOYAmt061731
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06146
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt06146
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03787
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt03787
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Florida anual corporate filing
IRS990/OtherExpensesGrp/Desc1bank fees
IRS990/OtherExpensesGrp/Desc2postage & shipping
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt194
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt287
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt070
IRS990/OtherExpensesGrp/TotalAmt194
IRS990/OtherExpensesGrp/TotalAmt287
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06320
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt06320
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$2.23$2.01$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.42$0.42$1.64$1.85$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$2.91$2.80$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.50$1.75$1.71$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.47$1.54$1.65$0.11
2019Summary only. Only limited summary data is available for this year.$0.57$0.00$2.67$2.49$0.18
2018Summary only. Only limited summary data is available for this year.$0.39$0.00$1.75$1.87$0.12
2017Summary only. Only limited summary data is available for this year.$0.51$0.00$1.59$1.39$0.20
2016Summary only. Only limited summary data is available for this year.$0.31$0.00$1.21$1.13$0.09
2015Summary only. Only limited summary data is available for this year.$0.22$0.00$0.40$0.20$0.21
2014Summary only. Only limited summary data is available for this year.$0.02$0.00$0.01$0.00$0.01
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.04$0.03$0.01
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.05$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.09$0.13$0.04
2010Summary only. Only limited summary data is available for this year.$0.05$0.00$0.14$0.10$0.04
2009Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.04$0.03
2008Summary only. Only limited summary data is available for this year.$0.03$0.00$0.06$0.08$0.02