Civic Intelligence

Cuba Study Group Inc

EIN 65-1154598 • 501(c)3 • Washington, DC

Profile

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.

611 Pennsylvania Avenue 208Washington, DC 20003

www.cubastudygroup.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

122%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

77%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$184,992

Up $101,669 (+122%) from 2023

Liabilities

Up

$5,502

Up $1 (+0.0%) from 2023

Net Assets

Up

$179,490

Up $101,668 (+131%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin77th percentile

Revenue

Up

$437,343

Up $190,502 (+77%) from 2023

Expenses

Up

$337,458

Up $29,801 (+9.7%) from 2023

Net Income

Up

$99,885

Up $160,701 (+264%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2024

Assets$184,992
Liabilities$5,502
Net Assets$179,490
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$437,343
Expenses$337,458
Net Income$99,885
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$184,992
Liabilities
$5,502
Net assets
$179,490
Revenue
$437,343
Expenses
$337,458
Net income
$99,885
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
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$437,343
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
Savings and Temporary Cash Investments-$160,000-
Cash and Non-Interest-Bearing Accounts$82,065$24,012▼ $58,053
Land, Buildings, and Equipment, Net$1,258$980▼ $278
Total Assets$83,323$184,992▲ $101,669
Liabilities
Accounts Payable and Accrued Expenses$5,501$5,502▲ $1
Total Liabilities$5,501$5,502▲ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,822$179,490▲ $101,668
Total Net Assets Fund Balance$77,822$179,490▲ $101,668
Total Liabilities and Net Assets / Fund Balance$83,323$184,992▲ $101,669

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$583$85,993$86,576
Equipment$397$20,641$21,038
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ricardo HerreroExecutive DirectorFT$170,461$170,461

Board Members and Trustees

NameTitle
Carlos a SaladrigasChairman
Andres FanjulDirector
Ariel PeredaDirector
Chris ErgenDirector
David HernandezDirector
Eduardo MestreDirector
John HickeyDirector
Jorge BenitezDirector
Maria Garcia BerryDirector
Roberto GoizuetaDirector
JUAN T O'NAGHTENSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$437,343
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$57,612
Change in Net Assets
$99,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$201,785
Other Expenses$97,144
Grants and Similar Amounts Paid$38,529
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$141,833$47,278-$189,111
Grants to Domestic Individuals$38,529--$38,529
Office Expenses$28,161$9,387-$37,548
Conferences and Meetings$18,247--$18,247
Travel$12,800$3,949-$16,749
Fees for Services Other$10,397$3,466-$13,863
Payroll Taxes$9,506$3,168-$12,674
Fees for Services Accounting-$6,868-$6,868
Advertising$2,198$733-$2,931
Occupancy-$660-$660
Depreciation Depletion-$278-$278
Total Functional Expenses$261,671$75,787$0$337,458
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
Phone
3056685437
Signed
2025-05-08
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
1
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
Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0HOUSING ASSISTANCE IN THE FORM OF RENTAL PAYMENTS MADE DIRECTLY TO THE RENTAL PROPERTY VENDOR ON BEHALF OF THE INDIVIDUAL RECEIVING ASSISTANCE. NO MONITORING CONSIDERED NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICARDO HERRERO
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IRS990ScheduleJ/SeverancePaymentInd00
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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
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLOS SALADRIGAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03056685437
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CUBA STUDY GROUP INC

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