Cuban Museum Inc
- Assets
- $8.7m
- Revenue
- $703.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Miami, FL
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 65-0729730
Organization Overview
Cuban Museum Inc is located in Miami, FL. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cuban Museum Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuban Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cuban Museum Inc generated $703.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
THE PURPOSE OF THE MUSEUM IS: A) TO IMPLEMENT AND/OR SUPPORT ARTISTIC, ACADEMIC, HISTORICAL AND CULTURAL PROGRAMS THAT EDUCATE THE PUBLIC ON THE HISTORY, ART AND CULTURE OF CUBAN AMERICANS AND THEIR LEGACY. TO THIS END, THE MUSEUM WILL COVER THEIR CONTRIBUTION TO THE PROSPERITY OF THE CUBAN REPUBLIC UP TO 1959, THEIR ROLE IN THE EVENTS LEADING UP TO 1959, THEIR STRUGGLE TO REGAIN FREEDOM SINCE, AND THEIR CONTRIBUTION TO THE UNITED STATES AND TO THE CAUSE OF FREEDOM WORLDWIDE; B) TO IMPLEMENT AND/OR SUPPORT ARTISTIC, ACADEMIC, HISTORICAL AND CULTURAL PROGRAMS THAT EDUCATE NEW GENERATIONS ABOUT THE EFFECTS OF COMMUNISM ON SOCIETY, FAMILY AND THE INDIVIDUAL AND SERVE AS A MEMORIAL TO ALL OF ITS VICTIMS; TO THIS END, THE MUSEUM WILL COVER CASE STUDIES OF COUNTRIES WHERE COMMUNISM HAS BEEN IMPLEMENTED AND THOSE THAT HAVE EMERGED FROM COMMUNISM; C) TO IMPLEMENT AND/OR SUPPORT ARTISTIC, ACADEMIC, HISTORICAL AND CULTURAL PROGRAMS THAT INSPIRE THE PROTECTION AND PROMOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT AND PRESERVE RELEVANT CULTURAL DOCUMENTS, ARTIFACTS AND ART WORKS THAT HELP TO DOCUMENT AND INTERPRET THE CULTURAL HERITAGE AND LEGACY OF CUBANS IN THE DIASPORA. TO INTERPRET CUBAN CULTURE WITHIN THE CONTEXT OF THE EXILES' EXPERIENCE, EMPHASIZING THEIR CONTRIBUTIONS TO THE MULTI-ETHNIC, MULTI-NATIONAL COMMUNITY OF SOUTH FLORIDA. TO PROVIDE AND PRESENT MULTI-DISCIPLINARY AND INTERACTIVE EDUCATIONAL AND AESTHETIC PROGRAMS, INCLUDING BUT NOT LIMITED TO ART AND HISTORICAL EXHIBITIONS, LECTURES, PANEL DISCUSSIONS, CONFERENCES, BOOK PRESENTATIONS, FILM, MUSIC AND THEATRICAL EVENTS, AS WELL AS SCHOOL PROGRAMS TO VISITING STUDENTS, TO THE GENERAL AND VISITING SOUTH FLORIDA PUBLIC, RELATIVE TO THE VARIOUS ASPECTS OF CUBAN DIASPORIC CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesus Tundidor Director | Trustee | 0.08 | $0 |
Marcell Felipe Chairman | OfficerTrustee | 15 | $0 |
Nelson Hernandez Treasurer | Trustee | 1 | $0 |
Raul Masvidal Director | Trustee | 0.08 | $0 |
Miguel Cossio Director | Trustee | 0.08 | $0 |
Alejandra Moreno Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,204 |
| Noncash contributions included in lines 1a–1f | $67,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,204 |
| Total Program Service Revenue | $48,267 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $313,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,331 |
| Fees for services: Management | $3,500 |
| Fees for services: Legal | $2,385 |
| Fees for services: Accounting | $36,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,761 |
| Advertising and promotion | $0 |
| Office expenses | $27,663 |
| Information technology | $19,523 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,328 |
| Insurance | $122,499 |
| All other expenses | $11,166 |
| Total functional expenses | $1,040,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,854 |
| 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 | $11,419 |
| Net Land, buildings, and equipment | $8,497,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,710,635 |
| Accounts payable and accrued expenses | $360,817 |
| 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 | $554,111 |
| Total liabilities | $914,928 |
| Net assets without donor restrictions | $7,795,707 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,710,635 |