Cigar Family Charitable Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Cigar Family Charitable Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to provide a significant humanitarian impact to communities in the Dominican Republic by striving to create a better quality of life through superior education, access to health care and much needed nutrition to these impoverished regions."
Year, State Incorporated:
2001, FL
Cigar Family Charitable Foundation (CFCF) complex includes a primary and secondary school, a technical school, a health center, an organic farming program as well as a sports and recreational facility. The organization's primary program services focus on these areas: education, health care and community development.
For the year ended December 31, 2021, Cigar Family Charitable Foundation's program expenses were:
| Program services | $628,638 |
| Total Program Expenses | $628,638 |
Chief Executive
Scott Lewis, Vice President of Finance
Chair of the Board
Carlos Fuente, Jr.
Chair's Profession / Business Affiliation
President
Board Size
8
Paid Staff Size
0
*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
CFCF reports that it has no paid staff members.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Special events
Fundraising costs were 5% of related contributions. (Related contributions, which totaled $1,274,369, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Cigar Family Charitable Foundation's audited financial statements for the year ended December 31, 2021.
Source of Funds
| Dividends and interest | $1,228 |
| Gain on investments, net | $181,250 |
| Founding families | $407,537 |
| Contributions | $866,832 |
| Total Income | $1,456,847 |
Programs: 87% Fundraising: 9% Administrative: 3%
| Total Income | $1,456,847 |
| Total expenses: | $719,943 |
| Program expenses | $628,638 |
| Fundraising expenses | $66,303 |
| Administrative expenses | $25,002 |
| Other expenses | $0 |
| Income in Excess of Expenses | $736,904 |
| Beginning Net Assets | $4,378,122 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $5,115,026 |
| Total Liabilities | $70,931 |
| Total Assets | $5,185,957 |
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance