Cuban American Bar Association Inc
- Assets
- $75.7k
- Revenue
- $72.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Coral Gables, FL
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 59-2512094
Organization Overview
Cuban American Bar Association Inc is located in Coral Gables, FL. The organization was established in 1986. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Cuban American Bar Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuban American Bar Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Cuban American Bar Association Inc generated $72.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $112.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY LEGAL BAR ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE ASSOCIATION HELD A NUMBER OF EVENTS AND OFFERED MANY FREE AND PAID PROGRAMMING TO ITS MEMBERS AS A MEMBERSHIP INCENTIVE, INCLUDING BI-MONTHLY CONTINUING LEGAL EDUCATION SEMINARS, VARIOUS PANEL PRESENTATIONS ON A DIVERSE NUMBER OF LEGAL TOPICS, AND EVENTS TO HONOR LOCAL JUDICIARY AND LEGISLATIVE DELEGATES. AS WELL, THE ASSOCIATION OFFERED MENTORING PROGRAMS TO LAW STUDENTS, INCLUDING RECEPTIONS IN VARIOUS LOCATIONS THROUGHOUT THE STATE TO ASSIST WITH THE EXPANSION OF THE ORGANIZATION; FOUNDED STUDENT CHAPTERS AT VARIOUS LAW SCHOOLS THROUGHOUT THE STATE; CO-SPONSORED PROGRAMMING OF OTHER LEGAL ORGANIZATIONS; AND RAISED AWARENESS AND COLLECTED DONATIONS FOR SEVERAL CHARITABLE AND OTHER NOT FOR PROFIT GROUPS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustavo Ceballos Director | Trustee | 1 | $0 |
Candice Balmori Director | Trustee | 1 | $0 |
Amanda Demanda Director | Trustee | 1 | $0 |
Augusto Perera Director | Trustee | 1 | $0 |
Daniel Buigas Director | Trustee | 1 | $0 |
Patrick Montoya Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,295 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,295 |
| Total Program Service Revenue | $0 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $13,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $112,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,953 |
| Total assets | $75,716 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,298 |
| Total liabilities | $49,298 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $26,418 |
| Total liabilities and net assets/fund balances | $75,716 |
Grants Awarded
Over the last fiscal year, Cuban American Bar Association Inc has awarded $42,555 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CUBAN AMERICAN BAR ASSOCIATION PRO BONO PROJECT INC PURPOSE: For the advancement of the organization's primary purpose. | $38,930 |
CUBAN AMERICAN BAR FOUNDATION INC PURPOSE: Contribution to the Cuban American Bar Foundation's Endowment Account. | $3,625 |