2014 Annual Report_new.pub - Cigar Family Charitable Foundation

2014 annual report
cigar family charitable foundation
DearFriendsoftheFoundation,
Itishardtobelievethatithasbeentenyears
sincewebegan.Overthisspanoftime,the
CigarFamilyCharitableFoundationhas
fundedmorethan$14.3millionthathascreatedaripplingimpactonnotjustthestudentsandfamiliesoftheCigarFamilySchool,
butinthesurroundingcommunitiesand
aroundtheworld.
Becauseofthegeneroussupportofsomany
overthepasttenyears,childrenwhonormallywouldhavedroppedoutofschoolare
nowinaUniversitystudyingtobecomea
doctor,ateacheroranengineer.Yourgift
hasbeennotjustaneducation,butthegiftof
hope.Hopeforafuturethatwouldn’teven
havebeenadreamwithouttheCigarFamily
CharitableFoundation.
Inmanyrespects,tenyearsisashortperiod
oftimeforaprivatefoundationtoestablish
itselfinthephilanthropiccommunityand
accomplishallthatwehavetogether.While
wehavegainedagreatdealofexperience
overtheseyears,weremainconvincedthat
westillhavesomuchmoretolearnandto
dotocontinuetomakeadifference.
Therearenowordstoadequatelythankyou
forsupportingourmissionandbelievingin
thesechildrenaswehave.Welookforward
tothenexttenyearsandcontinuingtoexperiencethepositiveimpactweareallmaking
together….onechildatatime.
Sincerely,
Carlos Fuente, Jr.
Eric Newman
Co-Founder
Co-Founder
a message
from our founders
I annual report 2014 page 2 TheCigarFamilyCharitableFoundation(CFCF)beganin2001whenlong
timecigarindustrybusinesspartners,the
FuenteandNewmanfamilies,formalized
thedreamofimprovingpeople’slivesin
themountainousBonaoregionoftheDominicanRepublic.Byfocusingonfamilies,theyhopedtogivethechildrenin
thiscigarproducingregionanopportunityforabetterfuture.
Consistingof iveruralcommunities,the
regionsuffersfromextremepoverty,an
overcrowdedandinadequateeducational
system,poorwaterqualitywhichgreatly
affectsthepopulation’shealthandlittle
ornomeansoftransportationforsustainableemploymentinthearea.
TheFoundationpartneredwiththeInstitutoDominicanodeDesarrolloIntegral
mission:
(IDDI),aDominican-basednonpro itorganizationwhoforthepast30yearshas
been ightingpovertybyprovidingtrainingandtheskillsnecessarytomakea
positivechangeforthoselivinginboth
urbanandruralregionsoftheDominican
Republic.
Whatbeganasaplantoaddawingonto
anexistingschoolhasgrownintothe23
acreCigarFamilyComplex.TheComplex
includesaprimaryandsecondaryschool,
ahealthcenter,anorganicfarmingprogramaswellasasportsandrecreational
facility.
ThroughtheCigarFamilyComplex,childrenandfamiliesarebeingprovidedwith
theresourcesandtoolstheyneedtohelp
themselvescreateopportunitiesfortheir
future.
to provide a significant humanitarian impact to communities in
the Dominican Republic resulting in a better quality of life to
those who experience a lack of education, poor access to
health care and nutrition, and who have little or no sustainable
employment.
I annual report 2014 page 3 CONTACT
BoardofDirectors
CarlosFuente,Jr.
President
RobertNewman
VicePresident
EricNewman
Treasurer/Secretary
LianaFuente
CynthiaFuente-Suarez
LuisGarcia
LyrisNewman
Address
CigarFamilyCharitableFoundation
2701N.16thStreet
Tampa,FL33603
Phone
(813)248-2124
(800)477-1884
F:(813)247-2135
Web
www.cf-cf.org
[email protected]
board of directors
I annual report 2014 page 4 Education:
 Pre-schoolto12thgrade
 TechnicalSkills
 VocationalTraining
 EnvironmentalSustainability
 LifeSkills
 FamilyValues
Healthcare:
 GeneralMedicine
 Pediatrics
 Dentistry
 Gynecology
CommunityDevelopment:
 StrengthenCommunity
Organizationsand
Relations
Sustainability:
 RenewableEnergy
Agriculture:
 Fish
 HoneyBees
 FreshFruitand
Vegetables
 Reforestation
ExtracurricularActivities:
 Basketball
 Volleyball
 Baseball
 Karate
 CarnivalDanceTeam
 SummerCamp
 PerformingArtsandCrafts
the ways we serve
I annual report 2014 page 5 Education:
 455StudentsEnrolled
 SchoolwideGPAof91%(preprojectregionaverageof38%)
 InFebruary,BerkeleyPreparatory
SchoolcoordinatedatripforCigar
FamilyStudents,AdalbertoPena
andMariaElenaAlbertoTEACHER
toTampa,Floridaforaculturalexchange.
Healthcare:
 ~85,000totalpatientshavebeen
seensincetheclinicopeningin
2005.
 Freeeyeexamswereadministered
byavolunteerteamfromTampa,
FL.800eyeglassesand400prescriptionsunglassesweredistributedtomembersofthelocalcommunity.
CommunityDevelopment:
 ~8,000familiesin16communities
utilizedtheprojectinsomeway.
(Accesstoeducation,healthcare,
sports,communitycenter,etc.)
 ~4,500water iltershavebeendistributedtofamiliessincethe
foundingoftheproject.
ExtracurricularActivities:
 ~1,600studentsfromother
schoolsinthesurroundingcommunitiesparticipatedinextracurricularactivitiesofferedattheCigarFamilySchool.
 130childrenparticipatedinthe
CigarFamilyBaseballAcademy
 48studentsstudiedkarateunder
formerCigarFamilygraduateand
blackbelt,JilmyRuiz.
the
ways we serve
In
the
2014 program accomplishment highlights
I annual report 2014 page 6 Toast Across America: Each fall,
generous retailers across the country
provide Toast Across America packs,
including 2 limited edition cigars, to
their customers and donate the proceeds back to the Cigar Family CharitableFoundation.Sincethebeginning,
Toast Across America has been the
main source of funding for CFCF. In
2014,theToastfundraiserraisedover
$340,000.
Hockey for Hope: In partnership
with the Tampa Bay Lightning, CFCF
hosted this 3rd annual event. Tickets
included inecigarsandseatsinaprivate suite where food and open bar
are complimentary. Guests mingled
while cheering on the Tampa Bay
Lightning hockey team and enjoying
cigars.Theeventraisedover$15,000
forCFCF.
HavanaNights:AFuenteFamilyAffair:Anightoflatinmusic,clothes,
foodanddancing,theGuayaberaLady
hostedthis3rdannualfundraiserin
Miami,Florida.Theeventraisedover
$17,000forCFCF.
GodofFireDinner:Aftera5year
hiatus,theglamorousGodofFiredinner,delightedhundredsofLAguests
atthePeninsulaBeverlyHills.An
eveningofunbelievablefoodpaired
with inewinesandArturoFuente
GodofFirecigars,thiseventraised
over$46,000forCFCF.
in
In the
the community
2014 events & fundraisers
I annual report 2014 page 6 REVENUE
GeneralDonations&Events ToastAcrossAmerica $900,502 49%
$516,856 28%
ContributedbytheFoundingFamilies
GeneralDonations
$354,023 19%
50/50SplitofExpenses*
$77,8924%
TotalContributions: $1,849,273
$431,915
*All administrative, legal, accounting, of ice, website and general marketing costs are completely
underwritten by the founding Fuente and Newman corporate families. A receivable is accrued
monthlybasedontheexpensesincurredbytheFoundation.Throughanunderwrittenagreement,
theexpensereimbursementsaresharedequallybetweenthetwofamilies.Additionalcontributions
havebeenmadebythefoundingfamiliestosupportotherprogramsthroughouttheyear.
Summarizedinformationfromthe inancialstatementsauditedbyCroweHorwath,LLP
101EKennedyBlvd,Suite1250,Tampa,FL33602
financials
In the
public and family contributions
I annual report 2014 page 7 PROGRAMSERVICES
Education $553,383 62%
Healthcare $231,019 26%
Other*
$105,094 12%
TotalProgramServiceExpenses: $889,496
FUNCTIONALEXPENSES**
SpecialEvents*** $372,195 83%
Promotion,General&Management $77,892 17%
TotalAdministrativeExpenses: $450,087
TotalNetAssets:
$2,183,273
ADDITIONALBREAKDOWN
Fundraising
$23,996
General&Management $53,896
*Communitydevelopment,sports&recreation,construction&maintenance
**Alladministrative,legal,accounting,of ice,websiteandgeneralmarketingcostsarecompletely
underwrittenbythefoundingFuenteandNewmancorporatefamilies.Areceivableisaccrued
monthlybasedontheexpensesincurredbytheFoundation.
***PrimarilyincludesToastAcrossAmerica
financials
In the
foundation expenses
Summarizedinformationfromthe inancialstatementsauditedbyCroweHorwath,LLP101EKennedy
Blvd,Suite1250,Tampa,FL33602
annual report 2014 page 8 I MailingAddress:
CigarFamilyCharitableFoundation
P.O.Box2030
Tampa,FL33601
PhysicalAddress:
CigarFamilyCharitableFoundation
2701N.16thStreet
Tampa,FL33605
Phone:
(813)248-2124
(800)477-1884
Fax:
(813)247-2134
Online:
[email protected]
www.cf-cf.org
contact information
I annual report 2014 page 9