Cigar Family Charitable Foundation Inc

Nonprofit profile at a glance

EIN
593735324
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Tampa, FL, USA
Phone
8132482124
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$1,991,998
Expenses
$1,377,059
Assets
$10,292,177
Liabilities
$167,679

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • CARLOS FUENTE JR (PRESIDENT)
  • ROBERT NEWMAN (VICE-PRESIDENT)

People named in this filing

  • CARLOS FUENTE JR (PRESIDENT)
  • ERIC NEWMAN (SECRETARY/TREASURER)
  • ROBERT NEWMAN (VICE-PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the quality of life in the bonao region of the dominican republic by addressing education gaps, limited healthcare and nutrition and the lack of sustainable employment.

What it reported doing in 2025

Primary school - in partnership with fundacion humo de amor (domiciled in the dominican republic who operates the cfc complex), the cigar family charitable foundation delivers free, high-quality education to over 225 students from preschool through eighth grade in bonao, dominican republic. By offering a well-rounded curriculumincluding science, math, arts, technology, and language instruction in english and french, along with full support such as uniforms, supplies, and teacher salary enhancements, the foundation empowers students with the tools to become bilingual, educated, and prepared for a brighter future.high school - to ensure continued education beyond middle school, the cigar family high school was established in 2005, now serving over 250 students with a strong academic foundation in grammar, math, and science, alongside computer training, vocational programs, and extracurricular activities. The school empowers youth to become self-motivated leaders and break the cycle of poverty through education and opportunity.technical school - to expand access to higher education, the cigar family technical school was established in 2019, allowing students to pursue accredited designations in either nursing or computer networking. This initiative removes economic barriers and creates lasting opportunities, with benefits that will impact the region for generations.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 97.5%; rating input score 97
  • Fundraising efficiency: $278.6 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 5 of 8 controls in place; rating input score 62
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Pass
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Pass
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.9%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 7.47; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 97.5% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Foreign activity oversight: 3 of 8 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.