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Cuban Museum INC

Tax-deductible

Coral Gables, FL501(c)(3)Arts & CultureEIN 65-0729730Revenue $933K in FY2024

On file with the IRSthecuban.orgPo Box 144291, 33114-4291 · Coral Gables, FLTax-exempt since Nov 1998Publicly supported — 509(a)(2)

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The Cuban Museum was formed in september 1996 as a not-for-profit florida organization whose primary purpose is to own and operate a Museum and all things related thereto as a vehicle to preserve the Cuban cultural heritage in exile which started with the Cuban exodus in 1959 and to interpret past Cuban culture in the context of present exile experience and provide educational and esthetic-related opportunities to the community at large. The organization is a culturally-specific Museum of memory, dedicated to showcasing and documenting the history, culture, and contributions of the Cuban exile community through exhibitions and programming in the arts and the humanities. The Cuban Museum mission is to tell the story of the Cuban diaspora, through the eyes of its greates artist, thinkers, and creators.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 13 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $103K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$933K
-3% vs prior year
Spent
$1.1M
To programs
78%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$933K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$988K
FY2021$1.1M
FY2022$703K
FY2023$966K
FY2024$933K
Expenses
$1.1M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$792K
FY2021$1.1M
FY2022$1.0M
FY2023$1.2M
FY2024$1.1M
Net assets
$7.4M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.1M
FY2021$8.1M
FY2022$7.8M
FY2023$7.6M
FY2024$7.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $890K Management & general 22% · $252K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mario Garcia
Director
$0Pt VII · Sec A

Carmen Valdivia’s $108K as Museum Director is at the 91st percentile of top reported officer pay among 2216 $100K–1M arts & culture 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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and interprets Cuban exile culture through exhibitions and educational programs.

Questions for Cuban Museum INC

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Provided by the organization

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1 program · $890K · in their own filed words · FY2024
01

To collect and preserve relevant cultural documents, artifacts and art works that help to document and interpret the cultural heritage and legacy of cubans in the diaspora. To interpret cuban culture within the context of the exiles' experience, emphasizing their contributions to the multi-ethnic, multi-national community of south…

$890Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$933K
Ln 12
Gifts and grantsLn 1h$844K
Fees for servicesLn 2g$90K
Money outPt IX
$1.1M
Ln 25
Programscol B$890K
Managementcol C$252K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$844K
Government grantsLn 1e$550K
Noncash giftsLn 1g$27K
Fees for servicesLn 2g$90K
Total revenueLn 12$933K
Assets in detailPt X, end of year
CashLn 1$108K
Cash and savings togetherLn 1–2$108K
Land, buildings, equipmentLn 10c$7.5M
Other assetsLn 15$857K
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.1M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$92K$108K
Land, buildings, equipmentLn 10c$7.6M$7.5M
Total assetsLn 16$8.6M$8.5M
LiabilitiesLn 26$948K$1.1M
Net assetsLn 32$7.6M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$322K$209K$113K
Payroll taxesLn 10$23K$15K$8K
Legal feesLn 11b$495$495
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$31K$13K$19K
Information technologyLn 14$10K$9K$2K
TravelLn 17$7K$6K$1K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$165K$141K$25K
InsuranceLn 23$58K$43K$14K
Other expenses (24a–d)Ln 24$418K$404K$14K
All other expensesLn 24e$52K$46K$6K
Total functional expensesLn 25$1.1M$890K$252K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $933K$1.1M−$209K$7.4M 990 PDF
FY2023 $966K$1.2M−$190K$7.6M 990 PDF
FY2022 $703K$1.0M−$337K$7.8M 990 PDF
FY2021 $1.1M$1.1M$23K$8.1M 990 PDF
FY2020 $988K$792K$196K$8.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $933,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $911,323$843,989
I-9 Program service revenuePrior year $54,917$89,506
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $966,240$933,495
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $390,571$344,907
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $765,772$797,257
I-18 Total expensesPrior year $1,156,343$1,142,164
I-19 Revenue less expensesPrior year −$190,103−$208,669
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $933,495 across 6 lines filed
VIII-1e Government grants$550,000
VIII-1f All other contributions, gifts and grants$293,989
VIII-1g Noncash contributions (included above)$27,000
VIII-1h Total contributions, gifts and grants$843,989
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $89,506$89,506
VIII-12 Total revenueRelated to mission $89,506 · Unrelated business $0 · Excluded from tax $0$933,495
Part IX · Statement of functional expenses $1,142,164 across 13 lines filed
IX-7 Other salaries and wagesPrograms $208,925 · Management $113,256$322,181
IX-10 Payroll taxesPrograms $14,737 · Management $7,989$22,726
IX-11b Legal feesManagement $495$495
IX-11c Accounting feesManagement $32,453$32,453
IX-11g Other fees for servicesPrograms $4,850$4,850
IX-13 Office expensesPrograms $12,707 · Management $18,767$31,474
IX-14 Information technologyPrograms $8,617 · Management $1,521$10,138
IX-17 TravelPrograms $5,779 · Management $1,020$6,799
IX-20 InterestManagement $17,097$17,097
IX-22 Depreciation, depletion and amortizationPrograms $140,661 · Management $24,823$165,484
IX-23 InsurancePrograms $43,328 · Management $14,381$57,709
IX-24 Other expenses (24a–d)Programs $404,437 · Management $13,862$418,299
IX-24e All other expensesPrograms $46,026 · Management $6,433$52,459
IX-25 Total functional expensesPrograms $890,067 · Management $252,097 · Fundraising $0$1,142,164
Part X · Balance sheet $8,463,383 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $92,339$108,311
X-9 Prepaid expenses and deferred chargesStart of year $7,586$7,407
X-10c Land, buildings and equipment, netStart of year $7,628,831$7,490,965
X-15 Other assetsStart of year $824,700$856,700
X-16 Total assetsStart of year $8,553,456$8,463,383
X-17 Accounts payable and accrued expensesStart of year $315,090$385,498
X-25 Other liabilitiesStart of year $632,762$680,950
X-26 Total liabilitiesStart of year $947,852$1,066,448
X-27 Net assets without donor restrictionsStart of year $7,605,604$7,396,935
X-32 Total net assets or fund balancesStart of year $7,605,604$7,396,935
X-33 Total liabilities and net assetsStart of year $8,553,456$8,463,383
Part XI · Reconciliation of net assets $7,396,935 net assets at year end
XI-1 Total revenue$933,495
XI-2 Total expenses$1,142,164
XI-3 Revenue less expenses−$208,669
XI-4 Net assets at start of year$7,605,604
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,396,935

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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