Civic Intelligence

Cuban Study Group Inc.

990 • Fiscal year 2023 • EIN 65-1154598

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

611 Pennsylvania Avenue 208Washington, DC 20003

(305) 668-5437

Siviq Scores

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

Liabilities / Assets

77th percentile

0.07x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$170,984

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 69.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

13th percentile

-42%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

39%

Faster revenue growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$83,323

Down $60,816 (-42%) from 2022

Net Assets

Down

$77,822

Down $60,816 (-44%) from 2022

Liabilities

Flat

$5,501

Flat from 2022

Revenue

Up

$246,841

Up $69,520 (+39%) from 2022

Expenses

Down

$307,657

Down $9,861 (-3.1%) from 2022

Net Income

Up

-$60,816

Up $79,381 (+57%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $39,463Liabilities 2011: $0Net Assets 2011: $39,4632011Assets 2012: $37,881Liabilities 2012: $0Net Assets 2012: $37,8812012Assets 2013: $13,868Liabilities 2013: $0Net Assets 2013: $13,8682013Assets 2014: $77,147Liabilities 2014: $0Net Assets 2014: $77,1472014Assets 2015: $86,130Liabilities 2015: $0Net Assets 2015: $86,1302015Assets 2016: $107,211Liabilities 2016: $0Net Assets 2016: $107,2112016Assets 2017: $147,057Liabilities 2017: $0Net Assets 2017: $147,0572017Assets 2018: $250,355Liabilities 2018: $0Net Assets 2018: $250,3552018Assets 2019: $241,739Liabilities 2019: $0Net Assets 2019: $241,7392019Assets 2020: $284,455Liabilities 2020: $19,800Net Assets 2020: $264,6552020Assets 2021: $284,336Liabilities 2021: $5,501Net Assets 2021: $278,8352021Assets 2022: $144,139Liabilities 2022: $5,501Net Assets 2022: $138,6382022Assets 2023: $83,323Liabilities 2023: $5,501Net Assets 2023: $77,8222023Assets 2024: $184,992Liabilities 2024: $5,502Net Assets 2024: $179,4902024

Highlighted filing

2023

Assets$83,323
Liabilities$5,501
Net Assets$77,822

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $276,3352011Expenses 2012: $291,2652012Expenses 2013: $334,2632013Revenue 2014: $358,130Expenses 2014: $294,851Net Income 2014: $63,2792014Revenue 2015: $269,152Expenses 2015: $260,169Net Income 2015: $8,9832015Revenue 2016: $225,971Expenses 2016: $204,890Net Income 2016: $21,0812016Revenue 2017: $254,188Expenses 2017: $214,342Net Income 2017: $39,8462017Revenue 2018: $276,020Expenses 2018: $172,722Net Income 2018: $103,2982018Revenue 2019: $213,807Expenses 2019: $222,423Net Income 2019: -$8,6162019Revenue 2020: $304,481Expenses 2020: $281,565Net Income 2020: $22,9162020Revenue 2021: $257,888Expenses 2021: $243,708Net Income 2021: $14,1802021Revenue 2022: $177,321Expenses 2022: $317,518Net Income 2022: -$140,1972022Revenue 2023: $246,841Expenses 2023: $307,657Net Income 2023: -$60,8162023Revenue 2024: $437,343Expenses 2024: $337,458Net Income 2024: $99,8852024

Highlighted filing

2023

Revenue$246,841
Expenses$307,657
Net Income-$60,816
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$246,841
Mission and Program Overview

Mission

The organization's primary exempt purpose is to educate the public on the alternatives available in connection with the possible transition of the government of the republic of cuba.

The organization's primary exempt purpose is to educate the public on alternatives that lead to a free, sovereign, inclusive and prosperous cuba that provides opportunities for all of its citizens to fulfill their aspirations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$124,775$82,065▼ $42,710
Investments in Publicly Traded Securities$17,778$0▼ $17,778
Land, Buildings, and Equipment, Net$1,586$1,258▼ $328
Total Assets$144,139$83,323▼ $60,816
Liabilities
Accounts Payable and Accrued Expenses$5,501$5,501→ $0
Total Liabilities$5,501$5,501→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,638$77,822▼ $60,816
Total Net Assets Fund Balance$138,638$77,822▼ $60,816
Total Liabilities and Net Assets / Fund Balance$144,139$83,323▼ $60,816

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$764$85,812$86,576
Equipment$494$20,544$21,038
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ricardo HerreroExecutive DirectorFT$170,984$170,984

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$246,841
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,401
Change in Net Assets
$-60,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,984
Other Expenses$132,728
Grants and Similar Amounts Paid$3,945
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$128,238$42,746-$170,984
All Other Expenses$23,523$7,841-$31,364
Travel$18,006$6,002-$24,008
Office Expenses$17,625$5,875-$23,500
Fees for Services Other$13,311$4,437-$17,748
Other Expenses$12,119--$12,119
Conferences and Meetings$8,777--$8,777
Advertising$6,539$2,180-$8,719
Grants to Domestic Orgs$3,945--$3,945
Occupancy-$2,954-$2,954
Fees for Services Accounting-$1,650-$1,650
Information Technology$870$290-$1,160
Depreciation Depletion-$578-$578
Insurance$113$38-$151
Total Functional Expenses$233,066$74,591$0$307,657
International Activity

International Summary

Offices
0
Employees
0
Spending
$14,890

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesMedia Services00$14,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is circulated among members of the organization's finance committee for review, comments and approval prior to submission.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cuba Study Group Inc
EIN
65-1154598
Phone
3056685437
Address
611 PENNSYLVANIA AVENUE 208, WASHINGTON, DC 20003

Signing Officer

Name
Carlos Saladrigas
Title
Chairman of the Board
Phone
3056685437
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Saladrigas
Formed
2001
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
2811 PONCE DE LEON BLVD STE 500, CORAL GABLES, FL 33134
Preparer
Lourdes De Los Santos
Phone
7866936300
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0177321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0257888
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0304481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0213807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01200338
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50510
IRS990ScheduleA/PublicSupportPY170Pct00.50270
IRS990ScheduleA/PublicSupportTotal170Amt0606348
IRS990ScheduleA/SubstantialContributorsTotAmt0593990
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0246841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0177321
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0257888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0304481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0213807
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01200338
IRS990ScheduleA/TotalSupportAmt01200338
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0494
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020544
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021038
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0764
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085812
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt086576
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01258
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt014890
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MEDIA SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt014890
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0AMOUNTS REPORTED IN PART I WERE DETERMINED USING THE CASH BASIS METHOD OF ACCOUNTING.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt014890
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170984
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICARDO HERRERO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170984
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS CIRCULATED AMONG MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE FOR REVIEW, COMMENTS AND APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/StatesWhereCopyOfReturnIsFldCd1DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0144139
IRS990/TotalAssetsEOYAmt083323
IRS990/TotalAssetsGrp/BOYAmt0144139
IRS990/TotalAssetsGrp/EOYAmt083323
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0246841
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0233066
IRS990/TotalFunctionalExpensesGrp/TotalAmt0307657
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05501
IRS990/TotalLiabilitiesEOYAmt05501
IRS990/TotalLiabilitiesGrp/BOYAmt05501
IRS990/TotalLiabilitiesGrp/EOYAmt05501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0138638
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077822
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0233066
IRS990/TotalReportableCompFromOrgAmt0170984
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0246841
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0144139
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt083323
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06002
IRS990/TravelGrp/ProgramServicesAmt018006
IRS990/TravelGrp/TotalAmt024008
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.06$1.79$4.37$3.37$1.00
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.06$0.78$2.47$3.08$0.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.06$1.39$1.77$3.18$1.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.06$2.79$2.58$2.44$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.20$2.65$3.04$2.82$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.00$2.42$2.14$2.22$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.00$2.50$2.76$1.73$1.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.00$1.47$2.54$2.14$0.40
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.00$1.07$2.26$2.05$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$2.69$2.60$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$3.58$2.95$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$2.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$2.76