Ce12 Foundation EIN 45-4846018 Form 990 (PDF) Claim this org

Ce12 Foundation FY2022 filing

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Educates and trains Cuban entrepreneurs, offering advisory services to businesses. For fiscal year 2022 it reported $648K in revenue, $463K in expenses, and $565K in net assets.Pt I

Founded
2012
Type
Public charity (501(c)(3)) · Community Development
Location
Darien, CT
Website
www.cubaemprendefoundation.org
Filings
6 on file (2020–2022)
Revenue
$648KFY2022
Expenses
$463K
Net assets
$565K
People
17
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-4846018 Public charity (501(c)(3)) Darien, CT Founded 2012
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates and trains Cuban entrepreneurs, offering advisory services to businesses.
Leadership
John McIntire · Chair
Money in and out
$648K revenue, $463K expenses
Bottom line
96% program efficiency
Where the money goes · FY2022
Total revenue
$648K
Pt VIII · Ln 12
Total expenses
$463K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $185K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$648K
FY2022▲ +32%
Expenses
$463K
FY2022▲ +55%
Total assets
$565K
FY2022▲ +19%
Total liabilities
$0
FY2022
Total revenue
$648K
Pt VIII · Ln 12
Total expenses
$463K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$185K
Total assetsPt X · Ln 16$565K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $443K of program spending, described in the organization's own filed words · FY2022.
01

To support the small business sector in cuba by providing education and training to entrepreneurs, as well as to provide advisory services to existing and new businesses. CE12 foundation requested and received authorization from the office of foreign asset control (ofac) of the U.S.

$443Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCe12 Foundation
EINHdr · item D45-4846018
Principal addressHdr · item CDarien, CT
WebsiteHdr · item Jwww.cubaemprendefoundation.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMay 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rosamaria Caballero Stafford’s $87K as Executive Director is at the 63rd percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Rosamaria Caballero Stafford$87,000$67,250
Rosamaria Caballero$77,708

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$543K · 84%
Investment income$97K · 15%
Other revenue$7K · 1%
Contributions & grants84%$543K
Investment income15%$97K
Other revenue1%$7K
Total revenueLn 12$648K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$443K
Management & general4%$20K
Total functional expensesLn 25$463K

Balance Sheet

Part X · end of year
CashLn 1$455K
Total assetsLn 16$565K
Total liabilitiesLn 26$0
Total net assetsLn 32$565K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $455K · Operating expenses (Pt IX) $463K · Less non-cash grants $113K · Cash operating expenses/yr $350K
15.6 months
Where the money goes
Program services
Program services $443K · Total expenses $463K
96%
Management & General
Management & general $20K · Total expenses $463K
4%
Fundraising
Fundraising $0 · Total expenses $463K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $422K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $543K · Total revenue $648K
84%
Government reliance
Government grants — · Total revenue $648K
Earned-income share
Program service revenue $0 · Total revenue $648K
0%
Investment reliance
Investment income $97K · Total revenue $648K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $463K
0%
Growth & trend
Revenue growth (YoY)
This year $648K · Prior year $491K
+32%
Net-asset trend (YoY)
End of year $565K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $648K · Expenses $463K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $565K
Net-asset ratio
Net assets $565K · Total assets $565K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $565K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John McIntire · Reported title CHAIR · Highest reported compensation $0 · Total expenses $463K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $49K · Total expenses $463K
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 32%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$409K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$511K revenue · ⤓ 990 PDF
FY2024$970K revenue · ⤓ 990 PDF
FY2023$601K revenue · ⤓ 990 PDF
FY2022$648K revenue · viewing · ⤓ 990 PDF
FY2021$491K revenue · ⤓ 990 PDF
FY2020$231K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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