Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $194K paid to officers and key staff (Part VII, Section A).
Ricardo Herrero’s $194K as Executive Director is at the 97th percentile of top reported officer pay among 1031 $100K–1M civil rights & advocacy 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Ricardo Herrero | $194,000 | $170,461 | $170,984 | $176,591 |
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.
See Cuban Study Group INC executive salaries →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
Educates the public on alternatives for a free, sovereign, and prosperous Cuba with opportunities for all.
Questions for Cuban Study Group INC
Your first name shows with your question. Cuban Study Group INC answers here, for everyone.
The organization studies and proposes projects and ideas that promote and facilitate non-violent changes in cuba leading to an open society, respect for human rights and the rule of law, a productive, market-based economy, and the reunification of the cuban nation.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 65-1154598) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $160K | $277K |
| Land, buildings, equipmentLn 10c | $980 | $885 |
| Total assetsLn 16 | $185K | $277K |
| LiabilitiesLn 26 | $6K | $6K |
| Net assetsLn 32 | $179K | $272K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $6K | $6K | ||
| Grants to domestic individualsLn 2 | $20K | $20K | ||
| Grants and assistance to foreign recipientsLn 3 | $10K | $10K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $203K | $152K | $51K | |
| Payroll taxesLn 10 | $14K | $10K | $3K | |
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $21K | $17K | $4K | |
| Advertising and promotionLn 12 | $15K | $11K | $4K | |
| Office expensesLn 13 | $51K | $38K | $13K | |
| TravelLn 17 | $21K | $18K | $3K | |
| Conferences, conventions and meetingsLn 19 | $34K | $27K | $7K | |
| Depreciation, depletion and amortizationLn 22 | $95 | $95 | ||
| Total functional expensesLn 25 | $398K | $309K | $89K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 11, 2026 | $489K | $398K | $91K | $272K | 990 PDF |
| FY2024Filed with the IRS May 12, 2025 | $437K | $337K | $100K | $179K | 990 PDF |
| FY2023Filed with the IRS May 6, 2024 | $247K | $308K | −$61K | $78K | 990 PDF |
| FY2022Filed with the IRS May 12, 2023 | $177K | $318K | −$140K | $139K | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $258K | $244K | $14K | $279K | 990 PDF |
| FY2020Filed with the IRS May 14, 2021 | $304K | $282K | $23K | $265K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $489,175 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 4 to look at
Part VIII · Statement of revenue $489,175 across 6 lines filed
Part IX · Statement of functional expenses $397,766 across 12 lines filed
Part X · Balance sheet $277,448 assets, 8 lines filed
Part XI · Reconciliation of net assets $271,946 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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