Friends Of Caritas Cubana Corporation
- Assets
- $3.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Cambrige, MA
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-3023256
Organization Overview
Friends Of Caritas Cubana Corporation is located in Cambrige, MA. The organization was established in 2006. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Friends Of Caritas Cubana Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Caritas Cubana Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Of Caritas Cubana Corporation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $702.9k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SOCIAL SERVICE AND HUMANITARIAN PROGRAMS OF THE CATHOLIC CHURCH IN CUBA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMITTED TO CARITAS IN CUBA: $531,392 FOR PROGRAMS FOR THE ELDERLY, CHILDREN, PEOPLE WITH HIV/AIDS, DISABLED CHILDREN, CHILDREN WITH AUTISM, AND CHILDREN AND ADULTS WITH DOWN SYNDROME. WE ALSO SUPPORT SELF-SUFFICIENCY INITIATIVES AND PROVIDE ASSISTANCE FOR RESPONSE TO HURRICANES AND OTHER NATURAL DISASTERS AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mauricio Vivero Chief Executive Officer | Officer | 40 | $174,000 |
Consuelo Isaacson Board Chair/president | OfficerTrustee | 30 | $0 |
John Hickey Vice-Chair | OfficerTrustee | 2 | $0 |
Cristina Diaz Treasurer | OfficerTrustee | 8 | $0 |
John Haggerty Clerk | OfficerTrustee | 2 | $0 |
Claudia Silva Alberich Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $437,476 |
| Related organizations | $0 |
| Government grants | $20,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,999,199 |
| Noncash contributions included in lines 1a–1f | $541,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,456,695 |
| Total Program Service Revenue | $0 |
| Investment income | $6,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,363 |
| Net Income from Fundraising Events | -$40,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,432,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $441,454 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,000 |
| Compensation of current officers, directors, key employees. | $34,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,960 |
| Payroll taxes | $14,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,406 |
| Fees for services: Other | $1,155 |
| Advertising and promotion | $0 |
| Office expenses | $6,505 |
| Information technology | $3,328 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,455 |
| All other expenses | $701 |
| Total functional expenses | $702,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,868 |
| Savings and temporary cash investments | $529,238 |
| Pledges and grants receivable | $591,167 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,112,780 |
| Total assets | $3,591,053 |
| Accounts payable and accrued expenses | $137,061 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,061 |
| Net assets without donor restrictions | $3,453,992 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,591,053 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Friends Of Caritas Cubana Corporation has recieved totaling $37,060.
| Awarding Organization | Amount |
|---|---|
Somos Healthcare Providers Inc Bronx, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Dalio Family Fund Inc Westport, CT PURPOSE: TO SUPPORT GENERAL OPERATIONS | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $6,000 |
The Nathan Cummings Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Yawkey Foundation Ii Dedham, MA PURPOSE: HEALTH CARE ACCESS FOR UNDERSERVED INDIVIDUALS & COMMUNITIES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $455 |
Endowment Analysis
| Beg. Balance | $1,002,280 |
| Earnings | $105,222 |
| Net Contributions | $5,000 |
| Ending Balance | $1,112,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Committee For The Weizmann Institute Of Science Inc New York, NY | $998,462,000 | $135,716,000 |
American Friends Of The Hebrew University Inc New York, NY | $772,129,551 | $142,838,481 |
Cambridge In America New York, NY | $39,696,080 | $66,388,937 |
American Friends Of Magen David Adom New York, NY | $63,791,324 | $47,704,014 |
American Friends Of The Tel Aviv University Inc New York, NY | $102,815,581 | $23,256,037 |
American Committee For Shaare Zedek New York, NY | $30,081,200 | $42,143,633 |
The Shalom Hartman Institute Of North America New York, NY | $33,744,747 | $19,450,722 |
American Friends Of I D C New York, NY | $14,623,044 | $14,040,962 |
Impactisrael Inc Needham, MA | $24,207,913 | $9,440,610 |
Western Wall Heritage Foundation Inc New York, NY | $25,127,804 | $7,810,412 |
American Academy In Berlin New York, NY | $65,074,118 | $12,729,406 |
Pardes Institute Of Jewish Studies North America Inc New York, NY | $14,479,491 | $5,447,773 |