Cuban Study Group INC FY2023 filing

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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.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 65-1154598) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$171K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 1% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$171K
to officers and key staff · 56% of spending
Pay to officers and key staff is 56% of spending.
Part VII, Section A
3.2 mo
of spending, in cash
3.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $33K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$6K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$247K
+39% vs prior year
Spent
$308K
To programs
76%
Net assets
$78K
By yearFY2020–FY2025
Revenue
$247K
FY2023▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$258K
FY2022$177K
FY2023$247K
FY2024$437K
FY2025$489K
Expenses
$308K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$282K
FY2021$244K
FY2022$318K
FY2023$308K
FY2024$337K
FY2025$398K
Net assets
$78K
FY2023▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$265K
FY2021$279K
FY2022$139K
FY2023$78K
FY2024$179K
FY2025$272K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $233K Management & general 24% · $75K

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

12 people listed on the 990; $171K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$170,984Pt 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
Director
$0Pt VII · Sec 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

NameFY2025FY2024FY2023FY2022
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

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1 program · $233K · in their own filed words · FY2022
01

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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 65-1154598) · Dispute this line
$233Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$33K
See all 3 funders →
Grants paid · 3 grants · $84K · 2019–2023
Unitemized GrantFY2023$38,529
Responsible New Media INCFY2020$20,000
University of MiamiFL · FY2019$25,423

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$247K
Money outPt IX
$308K
Ln 25
Programscol B$233K
Managementcol C$75K
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$83K
LiabilitiesLn 26$6K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$83K
LiabilitiesLn 26$6K
Net assetsLn 32$78K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$125K$82K
InvestmentsLn 11–13$18K$0
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$144K$83K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$139K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Pay of officers and key staff (Part IX, line 5)Ln 5$171K$128K$43K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$18K$13K$4K
Advertising and promotionLn 12$9K$7K$2K
Office expensesLn 13$24K$18K$6K
Information technologyLn 14$1K$870$290
OccupancyLn 16$3K$3K
TravelLn 17$24K$18K$6K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$578$578
InsuranceLn 23$151$113$38
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$31K$24K$8K
Total functional expensesLn 25$308K$233K$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2023 ViewingFiled 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

A · Public support I · Grants J · Pay O · Explanations
See the full FY2023 990
Part I · Summary $246,841 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,321$246,841
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $177,321$246,841
I-13 Grants and similar amounts paidPrior year $6,359$3,945
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $176,591$170,984
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,568$132,728
I-18 Total expensesPrior year $317,518$307,657
I-19 Revenue less expensesPrior year −$140,197−$60,816
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $246,841 across 4 lines filed
VIII-1b Membership dues$235,440
VIII-1f All other contributions, gifts and grants$11,401
VIII-1h Total contributions, gifts and grants$246,841
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$246,841
Part IX · Statement of functional expenses $307,657 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,945$3,945
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $128,238 · Management $42,746$170,984
IX-11c Accounting feesManagement $1,650$1,650
IX-11g Other fees for servicesPrograms $13,311 · Management $4,437$17,748
IX-12 Advertising and promotionPrograms $6,539 · Management $2,180$8,719
IX-13 Office expensesPrograms $17,625 · Management $5,875$23,500
IX-14 Information technologyPrograms $870 · Management $290$1,160
IX-16 OccupancyManagement $2,954$2,954
IX-17 TravelPrograms $18,006 · Management $6,002$24,008
IX-19 Conferences, conventions and meetingsPrograms $8,777$8,777
IX-22 Depreciation, depletion and amortizationManagement $578$578
IX-23 InsurancePrograms $113 · Management $38$151
IX-24 Other expenses (24a–d)Programs $12,119$12,119
IX-24e All other expensesPrograms $23,523 · Management $7,841$31,364
IX-25 Total functional expensesPrograms $233,066 · Management $74,591 · Fundraising $0$307,657
Part X · Balance sheet $83,323 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $124,775$82,065
X-10c Land, buildings and equipment, netStart of year $1,586$1,258
X-11 Publicly traded securitiesStart of year $17,778$0
X-16 Total assetsStart of year $144,139$83,323
X-17 Accounts payable and accrued expensesStart of year $5,501$5,501
X-26 Total liabilitiesStart of year $5,501$5,501
X-27 Net assets without donor restrictionsStart of year $138,638$77,822
X-32 Total net assets or fund balancesStart of year $138,638$77,822
X-33 Total liabilities and net assetsStart of year $144,139$83,323
Part XI · Reconciliation of net assets $77,822 net assets at year end
XI-1 Total revenue$246,841
XI-2 Total expenses$307,657
XI-3 Revenue less expenses−$60,816
XI-4 Net assets at start of year$138,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$77,822

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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