2023-02-15T15:51:30-07:00 2022-06-30 990 2021-07-01 660177776 INTER AMERICAN UNIVERSITY OF PUERTO RICO INTE 7877661912 PO Box 363255 San Juan PR 00936 Orlando Gonzalez Acting VP of Finance 7877661912 2023-02-15 1 11 0 AAL2 2021 2023-03-07 01:45:13Z Orlando Gonzalez PO Box 363255 San Juan PR 009363255 295978974 0 X www.inter.edu X 1912 PR The Universidad Interamericana de Puerto Rico, Inc. is a higher education institution pursuing quality thru academic excellence with emphasis in the formation of people with high standards, ethical and democratically values. 17 0 3133 0 275929 0 112543 247220 232851860 225021304 392662 2501938 67678071 68208512 301035136 295978974 13962359 12579635 0 0 138719152 131690459 0 0 45782 86371482 109853407 239052993 254123501 61982143 41855473 767822276 741153164 102547889 91625263 665274387 649527901 The Universidad Interamericana de Puerto Rico, Inc. Is a higher education institution pursuing quality thru academic excellence with emphasis in the formation of people with high standards, ethical and democratically values. 0 0 163129896 12579635 295978974 During the 2021-22 fiscal year, the University provided educational services for over 27 thousand students on its eleven campus and centers. Over five thousand six hundred educational degrees were granted in several fields of studies ranging from Associates up to Doctoral degrees, Optometry degrees and Law degrees. 0 0 0 163129896 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 0 0 1 3133 1 1 0 1 PM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 0 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 FL X Orlando Gonzalez 7877661912 PO Box 363255 San Juan PR 00936 Manuel J Fernos Former President of Inter American University of Puerto Rico 40 X 222580 0 38538 Marilina Wayland Chancellor 40 X 138432 0 14092 Jacqueline Alvarez VP for Academic Affairs and Systemic Planning 40 X 124754 0 13407 Julio Fontanet Dean 40 X 126204 0 8030 Olga Luna VP for Management, Finance and Systemic Planning 40 X 121260 0 12033 Rafael Ramirez Acting President of Inter American University of Puerto Rico 40 X 125232 0 6232 Agnes Mojica Chancellor 40 X X 119160 0 11928 Carlos Olivares Chancellor 40 X 113221 0 11423 Vilma Colon Chancellor 40 X 115464 0 5743 Andres Pagan Dean 40 X 109740 0 5457 Elie Agesilas Chancellor 40 X 109620 0 5451 Juan Negron Chancellor 40 X 102504 0 5095 Paula Sagardia Chancellor 40 X X 99300 0 4935 Angela De Jesus Chancellor 40 X 97260 0 4833 Karen Woolcock Chancellor 40.00 X 87552 0 4378 Norberto Dominguez VP for Religious Affairs 40 X 71040 0 9522 Jose R Munoz Chairman of the Board of Trustees 20.00 X 0 0 0 Domingo Mas Vice Chairman of the Board of Trustees 10.00 X 0 0 0 Ramon Ayala Secretary of the Board of Trustees 10.00 X 0 0 0 Aida Molinary Assistant Secretary of the Board of Trustees 10.00 X 0 0 0 Antonio Pavia Treasurer of the Board of Trustees 10.00 X 0 0 0 Jorge L Fuentes Assistant Treasurer of the Board of Trustees 10.00 X 0 0 0 Eliezer Alvarez Board Member 10.00 X 0 0 0 Gloria Cordero Board Member 10.00 X 0 0 0 Juan G Feliciano Board Member 10.00 X 0 0 0 Jose A Figueroa Board Member 10.00 X 0 0 0 Samuel Lizardi Rivera Board Member 10.00 X 0 0 0 Pedro M Mayol Board Member 10.00 X 0 0 0 Manuelita Munoz Board Member 10.00 X 0 0 0 Juan J Perez Board Member 10.00 X 0 0 0 Felipe Piazza Board Member 10.00 X 0 0 0 Victor Rivera Board Member 10.00 X 0 0 0 Marcelina Velez Board Member 10.00 X 0 0 0 1883323 0 161097 12 1 1 1 AUDIO VISUAL CONCEPTS INC PO BOX 3915 GUAYNABO PR 00970 TECHNOLOGY 5449922 MARSH SALDANA INC PO BOX 9023549 SAN JUAN PUERTO RICO RQ 00902 INSURANCE 4240001 AIREKO CONSTRUCTION MANAGEMENT SERV LLC BAIROA INDUSTRIAL PARK LAS CASAS ST LOT 20 CAGUAS PR 00725 CONSTRUCTION 3473900 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 SOFTWARE 1963973 HARDROCK CONSTRUCTION & ASOC CORP HC 71 BOX 16264 BAYAMON PR 00956 CONSTRUCTION 1712539 184 0 0 0 0 0 247220 11480 247220 Tuition and Fees 611310 163879674 163879674 0 0 Federal Grants and Contracts 611310 55989748 55989748 0 0 Commonwealth of Puerto Rico 611310 5151882 5151882 0 0 0 0 0 0 225021304 2501938 2501938 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 965924 0 0 965924 0 965924 External Subsidiaries 900099 391316 115387 275929 0 Other Sources 900099 47087064 47087064 0 0 Auxiliary Enterprise 900099 16357271 16357271 0 0 3406937 3406937 0 0 67242588 295978974 294489901 275929 965924 0 0 12579635 12579635 0 0 0 0 1795771 1795771 0 0 0 0 0 0 104894144 81045343 23848801 0 2874954 2121468 753486 0 12463688 7158544 5305144 0 9661902 6218915 3442987 0 0 0 0 0 1695409 180 1695229 0 209707 0 209707 0 0 0 0 0 0 0 65000 0 65000 0 24146761 10333865 13810351 2545 2720347 1859947 860400 0 753996 329845 424151 0 8843966 2118202 6725764 0 0 0 0 0 174105 103314 70791 0 290418 172590 117828 0 0 0 0 0 208582 121128 87454 0 1195377 977448 217929 0 0 0 0 0 21353814 12679313 8674501 0 4371811 16171 4355640 0 Utilities 13621662 9802292 3819370 0 Repairs and Maintenance 6033720 255390 5778330 0 Educational and Labs 3061009 1376133 1684721 155 Rent 2151034 1204270 946764 0 18956689 10860132 8053475 43082 254123501 163129896 90947823 45782 96993671 97509900 667846 541516 14595906 23269405 1440156 2624497 830838 768859 9195166 8431981 675686188 346708685 302150575 328977503 320790241 265234960 21157877 13794543 767822276 741153164 28318246 27141317 3561842 2853134 1731628 1482104 68936173 60148708 102547889 91625263 X 662770064 647257046 2504323 2270855 665274387 649527901 767822276 741153164 41855473 -57601959 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7 0 0 0 0 0 2270855 0 0 0 0 232163 0 0 X X X X 0 321375638 558107 -50992436 23345 4710664 479960 265727340 260807934 638864 72935175 18968 12476943 510424 321375638 252104947 634577 12797063 50773 4254172 423708 260807934 238875213 675250 16958968 20801 3982376 401307 252104947 224055415 675883 18291930 20817 3691549 435649 238875213 0.9915 0.0072 0.0013 0 0 47654487 0 47654487 369527744 0 188904330 180623414 34961350 0 26638906 8322444 153938173 0 84095240 69842933 69604434 0 47070209 22534225 328977503 Investments 265234960 F 265234960 Loan Payable 48884477 Deferred Compensation 7381232 Student Deposit 77464 Operating lease liability 3805535 60148708 X 225797379 -57601959 0 0 0 -57601959 283399338 0 12579636 12579636 295978974 241543866 0 0 0 0 0 241543866 0 12579635 12579635 254123501 Schedule D, Part III, Line 4 The University has received several work of arts form distinguished writers, artists, individual and companies for educational exhibition, preservation and research. Schedule D, Part V, Line 4 The overall investment objective of the University is to invest its assets in a prudent manner that will achieve a long term rate of return sufficient to fund a portion of its annual operating activities and increase investment value after inflation. The University diversifies its investments among various asset classes incorporating multiple strategies and managers. Major investment decisions are authorized by the Board of Trustees. The Investment Committee of the Board of Trustees oversees the University's investment program in accordance with established guidelines. Schedule D, Part X, Line 2 The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgement occurs. The University records interest related to unrecognized tax benefits in interest expense and penalties under institutional support expenses. Schedule D, Part XI, Line 4b Student's Scholarship (reduction of Tuition and Fees) Schedule D, Part XII, Line 4b Student's Scholarship (reduction of Tuition and Fees) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 As required by federal an state laws, the University Interamericana de Puerto Rico includes in most of the documentation its nondiscriminatory policies and statements. Schedule E, Part I, Line 6 Explanation of Government Financial Aid: The University receives annually several scholarships, awards, grants and financial aid from federal and state agencies to assist students in their academic goals. 1 Central America and the Caribbean 1 4 Program Services The University has an educational facility located in Ciudad del Saber in Panama. This educational facility opened during the 2017-18 fiscal year with limited operations. The University opened a banking account and support the Panama facility financially. 293096 1 4 293096 0 0 1 0 0 0 Schedule F, Part I, Line 2 The University uses the same procedures and guidelines to assign grants to students in a foreign location (Panama). Students who qualify for grants must meet the same guidelines and compliance structure as Puerto Rico/US based students. General Activities 965924 0 965924 0 0 0 0 0 0 0 0 965924 0 965924 0 0 0 0 0 0 0 965924 1 Student Scholarship 20137 12579635 0 Schedule I, Part I, Line 2 Financial Aid Assistance are awarded based on US, State, and private guidelines as required by the type or source of assistance. X 1 1 X X X 0 1 1 0 0 0 0 0 0 Manuel J Fernos Former President of Inter American University of Puerto Rico 222580 0 0 0 0 0 33868 0 0 0 256448 0 0 0 Marilina Wayland Chancellor 138432 0 0 0 7200 0 0 0 0 0 145632 0 0 0 Schedule J, Part I, Line 1a An executive / Officer received housing allowance as part of her compensation. Schedule J, Part I, Line 4 List of persons who participate in, or receive payment from a supplemental nonqualified retirement plan: 1. Manuel Fernos- $14,250, 2. Agnes Mojica- $3,600, 3. Andres Pagan- $3,000, 4. Rafael Ramirez- $2,400, 5. Paula Sagardia- $2,400 A Universidad Interamericana de Puerto Rico 660177776 2004-12-01 36923760 Various Project 0 0 0 B Universidad Interamericana de Puerto Rico 660177776 2012-08-07 63876350 Revenue bonds refunding and various project 0 0 0 C Universidad Interamericana de Puerto Rico 660177776 2019-05-22 23006312 Revenue Bonds Metro Dormitories 0 0 0 A 0 0 36923760 2519943 0 0 1372490 0 0 33031327 0 0 2007 0 0 1 1 B 48554552 0 63876350 5017102 0 0 904696 0 0 9400000 0 0 2015 1 0 1 1 C 0 0 23006312 1643296 0 0 540540 0 0 20822476 0 0 2021 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 Form 990, Part V, Line 3b The UBT was in Puerto Rico, the subsidiary filed a Puerto Rico corporate tax for its operations. Form 990, Part VI, Section A, Line 6 The Institution has a Board of Trustees that meet monthly to oversee and monitor all business aspects of the organization. Form 990, Part VI, Section A, Line 7a The Board of Trustees has an internal procedure to evaluate, nominate, and vote for the positions. Form 990, Part VI, Section A, Line 8b Committees are part of the Board of Trustees, determinations made by the Committee members are forwarded, discussed and must be approved by the Board of Trustees members a whole. Form 990, Part VI, Section B, Line 11b A printed copy of the 990 return is presented to the Board of Trustees prior formal filing to IRS. The return is compiled and calculated based upon its audited financial statements and supplemental information gathered from the University's internal reporting system. Form 990, Part VI, Section B, Line 12c The Institution has a written policy and self assessment questionnaire to monitor conflict of interest among key personnel, board of trustees and other related to the Institution, which is done annually. Form 990, Part VI, Section B, Line 15 The Human Resources Office compiles market data, trends, and other information to assess the personnel's compensations. In addition, for some positions there are committees being assigned to review and evaluate prospective personnel. Form 990, Part VI, Section C, Line 19 The Institution makes the governing documents, conflict of interest policy, financial statements available to the public upon request and in its web site. Empresas Interex Inc PO BOX 195274 Hato Rey PR 00918 660517257 Real Estate Operations PR 170934 1224594 N/A Inter Agricola Corp CALL BOX 10004 GUAYAMA PR 00785 660859450 Agriculture PR 104995 515280 N/A CENTRO UNIVERSITARIO INTER PANAMA FUNDACION UNIVERSIDAD INTERAMERICANA CALLE LUIS BONILLA 117 CIUDAD DEL SABER PANAMA PM 878211062 EDUCATION PM 115387 169506 N/A Empresas Interex Inc PO BOX 195274 Hato Rey PR 00918 660517257 Real Estate PR Interamerican University of Puerto Rico C 1 Inter Agricola CALL BOX 10004 Guayama PR 00785 660859450 Agriculture PR Interamerican University of Puerto Rico C 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 Schedule R, Part V, Line 1d The University loaned $50,235 to Inter Agricola (XXX-XX-XXXX) for operating and administrative expenses and repairs/replacements due to Hurricane Maria. The University requested an extension by filing Form 8868 electronically and it was accepted on 11/04/2022