CARLOS ALBIZU UNIVERSITY INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CARLOS ALBIZU UNIVERSITY INC (EIN 66-0234412)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202541359349309694
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T14:37:22-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 660703468 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALINDEZ LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 364152 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009364152 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660234412 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLOS ALBIZU UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CARL | BusinessNameControlTxt |
| Phone | 7877256500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9023711 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009023711 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RAMN MENNDEZ | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7877256500 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | YELITZA LOPEZ RIVERA | PreparerPersonNm |
| PTIN | P00965097 | PTIN |
| Phone | 7877254545 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TERESITA M BOLVAR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9023711 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009023711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $43,541,799 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ALBIZU.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | PR | LegalDomicileStateCd |
| Activity Or Mission | CARLOS ALBIZU UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE AND RESEARCH FROM A PURALISTIC AND MULTIDIMENSIONAL PERSPECTIVE. WE EDUCATE STUDENTS TO SERVE A HIGHER COMPLEX AND DIVERSE SOCIETY, WITH SENSITIVITY TO THOSE MOST IN NEED. WE CONTRIBUTE TO OUR COMMUNITIES BY TRAINING PROFESSIONALS WITH MULTICULTURAL COMPETENCIES. WE DISTINGUISH OURSELVES THROUGH AN EDUCATIONAL PHILOSOPHY BASED ON A COMMITMENT TO SOCIAL RESPONSIBILITY, CHARACTERISTIC OF ALL OUR PROGRAMS AND SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 290 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,760,953 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,116,828 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $30,372,627 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,471,893 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,584,452 | PYInvestmentIncomeAmt |
| CY Investment Income | $625,926 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,243,782 | PYOtherRevenueAmt |
| CY Other Revenue | $5,475,341 | CYOtherRevenueAmt |
| PY Total Revenue | $41,961,814 | PYTotalRevenueAmt |
| CY Total Revenue | $40,689,988 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $24,320,725 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,896,630 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,526,795 | PYOtherExpensesAmt |
| CY Other Expenses | $16,210,773 | CYOtherExpensesAmt |
| PY Total Expenses | $41,847,520 | PYTotalExpensesAmt |
| CY Total Expenses | $41,107,403 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $114,294 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$417,415 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,242,232 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,499,250 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,647,787 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,686,151 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $41,594,445 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $42,813,099 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $21,233,251 | ExpenseAmt |
| Revenue | $35,815,504 | RevenueAmt |
| Desc | POSTSECONDARY EDUCATION, GENERAL/OTHER: MULTIDISCIPLINARY INSTITUTION THAT PROVIDE QUALITY TRAINING AT BOTH GRADUATE AND UNDERGRADUATE LEVELS. THIS TRAINING IS ADDRESSED TO HELP MINORITIES TO ACHIEVE THEIR GOALS IN A MULTICULTURAL ENVIRONMENT. | Desc |
| Total Program Service Expenses | $21,233,251 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 290 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLOS ALBIZU UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7877256500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CALLE TANCA ESQ SAN FRANCISCO 151 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00902 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| NELSON SOTO VARGAS | ||||||
| PRESIDENT | 40.00 | Yes (X) | $280,600 | $0 | $6,689 | |
| BERTA ROS MALDONADO | ||||||
| CHIEF ACAD. | 40.00 | Yes (X) | $161,735 | $0 | $8,541 | |
| RAMN MENNDEZ | ||||||
| CFO | 40.00 | Yes (X) | $150,600 | $0 | $39 | |
| KARLA LPEZ TALERO | ||||||
| CHIEF MKTG O | 40.00 | Yes (X) | $143,462 | $0 | $738 | |
| DIANA M VALLE-RIESTRA | ||||||
| PROGRAM DIRE | 40.00 | Yes (X) | $127,713 | $0 | $13,977 | |
| JULIO SANTANA MARINO | ||||||
| CHANCELLOR | 40.00 | Yes (X) | $134,897 | $0 | $1,476 | |
| ANA GUADALUPE QUIONES | ||||||
| DIR. EXTER R | 40.00 | Yes (X) | $125,600 | $0 | $0 | |
| DIANIMER NEVARES PARRAS | ||||||
| DIR. OF DEVE | 40.00 | Yes (X) | $124,767 | $0 | $711 | |
| LIZZETTE J ROMN MARRERO | ||||||
| PROGRAM DIRE | 40.00 | Yes (X) | $121,178 | $0 | $3,720 | |
| SCOTT M HYMAN | ||||||
| PROGRAM DIRE | 40.00 | Yes (X) | $124,010 | $0 | $0 | |
| NANCY M GONZLEZ ALFONSO | ||||||
| CHIEF HR OFF | 40.00 | Yes (X) | $114,542 | $0 | $1,340 | |
| DIANA BARROSO | ||||||
| PROGRAM DIRE | 40.00 | Yes (X) | $105,062 | $0 | $4,068 | |
| FINA CAMPA | ||||||
| DIRECTOR OF | 40.00 | Yes (X) | $109,018 | $0 | $16 | |
| ROSA A BELVIS LPEZ | ||||||
| CHIEF ENROLL | 40.00 | Yes (X) | $99,989 | $0 | $8,866 | |
| EVANGELINA ALONSO | ||||||
| FACULTY | 40.00 | Yes (X) | $102,162 | $0 | $3,746 | |
| LUIS M BARRETO | ||||||
| FINANCE DIRE | 40.00 | Yes (X) | $102,337 | $0 | $662 | |
| ISAAC P TOURGEMAN | ||||||
| FACULTY | 40.00 | Yes (X) | $100,039 | $0 | $0 | |
| JOSE I PONS MADERA | ||||||
| FACULTY PSYD | 40.00 | Yes (X) | $90,600 | $0 | $0 | |
| SHARRIE R DEAN | ||||||
| DIR DEAN OF | 40.00 | Yes (X) | $86,513 | $0 | $0 | |
| ANTONIO L LLORENS GMEZ | ||||||
| CHIEF INFORM | 40.00 | Yes (X) | $74,324 | $0 | $315 | |
| JAIME L ALBORS BIGAS | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| TERESITA M BOLVAR | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| ILEANA FERNNDEZ BUITRAGO | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| JAIME PL CORTS | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| ANA M BONILLA DVILA | ||||||
| TREASURER | $0 | $0 | $0 | Yes (X) | ||
| MARITZA ARIZMENDI DAZ | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| RUTH L GONZLEZ DAZ | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| JOS M FERNNDEZ | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| JORGE GONZLEZ MONCLOVA | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| ANNETTE MONTOTO | ||||||
| SECRETARY | $0 | $0 | $0 | Yes (X) | ||
| RUTH C PREVOR | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| ANTONIO E PUENTE | ||||||
| PRESIDENT/CH | $0 | $0 | $0 | Yes (X) | ||
| ADALBERTO RAMREZ | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| MAGDA RODRGUEZ RIVERA | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| MARIBEL DEL-RIO ROBERTS | ||||||
| CHAIR ELECT | $0 | $0 | $0 | Yes (X) | ||
| GUALBERTO RODRGUEZ | ||||||
| EMERITUS MEM | $0 | $0 | $0 | Yes (X) | ||
| JOS A MEDINA TALAVERA | ||||||
| MEMBER | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,479,148 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $54,904 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| WEBOGANIC INC | ||||||
| 20640 PARC FORET DR | RENO | NV | 89511 | ADVERTISING | $1,019,548 | |
| ELLUCIAN COMPANY LP | ||||||
| 2003 EDMUND HALLEY DRIVE STE 500 | RESTON | VA | 20191 | SOFTWARE | $879,782 | |
| GLOBAL COM NETWORKS LLC | ||||||
| 360 NE 1ST AVE | DEERFIELD BEACH | FL | 33441 | SOFTWARE | $425,343 | |
| APPLE ONE | ||||||
| METRO OFFICE PARK | GUAYNABO | PR | 00968 | ADVERTISING | $394,957 | LOT 6 STREET 1 SUITE 105 |
| JANI CLEAN SERVICES | ||||||
| 276 TENIENTE CESAR L GONZALEZ ST | HATO REY | PR | 00918 | MAINTENANCE | $319,087 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,727,942 | GovernmentGrantsAmt |
| All Other Contributions | $388,886 | AllOtherContributionsAmt |
| Noncash Contributions | $388,886 | NoncashContributionsAmt |
| Total Contributions | $3,116,828 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION REVENUE | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $31,471,893 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,471,893 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,471,893 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $616,302 | TotalRevenueColumnAmt |
| Exclusion | $616,302 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,783,930 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $652,200 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,131,730 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,131,730 | TotalRevenueColumnAmt |
| Exclusion | $1,131,730 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,209,235 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,199,611 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,624 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,624 | TotalRevenueColumnAmt |
| Exclusion | $9,624 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER SOURCES | 611710 | $4,350,461 | $4,350,461 |
| LOSS ON DISPOSAL OF ASSETS | 611710 | -$6,850 | -$6,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,343,611 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,689,988 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,815,504 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,757,656 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,069,598 | TotalAmt |
| Program Services | $14,823,223 | ProgramServicesAmt |
| Management And General | $7,246,375 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,827,032 | TotalAmt |
| Program Services | $1,954,039 | ProgramServicesAmt |
| Management And General | $872,993 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,825,209 | TotalAmt |
| Program Services | $678,079 | ProgramServicesAmt |
| Management And General | $3,147,130 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,466 | TotalAmt |
| Management And General | $391,466 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,095,848 | TotalAmt |
| Program Services | $193,270 | ProgramServicesAmt |
| Management And General | $902,578 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969,226 | TotalAmt |
| Management And General | $969,226 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| OTHER EXPENSE | $6,293,995 | $2,481,155 | $3,812,840 |
| REPAIR & MAINTENANCE | $2,106,960 | $747,708 | $1,359,252 |
| UTILITES | $982,563 | $88,111 | $894,452 |
| RENT | $463,386 | $185,546 | $277,840 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,120 | TotalAmt |
| Program Services | $82,120 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,107,403 | TotalAmt |
| Program Services | $21,233,251 | ProgramServicesAmt |
| Management And General | $19,874,152 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,033,215 | BOYAmt |
| EOY | $553,611 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $774,644 | BOYAmt |
| EOY | $1,155,844 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,605,754 | BOYAmt |
| EOY | $3,975,913 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,819,298 | BOYAmt |
| EOY | $2,022,318 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $42,095,664 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,699,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,865,538 | BOYAmt |
| EOY | $26,396,664 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,389,676 | BOYAmt |
| EOY | $23,566,071 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,107 | BOYAmt |
| EOY | $828,829 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,242,232 | BOYAmt |
| EOY | $58,499,250 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,937,547 | BOYAmt |
| EOY | $4,677,144 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,246,243 | BOYAmt |
| EOY | $2,135,140 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,652,192 | BOYAmt |
| EOY | $8,081,218 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $811,805 | BOYAmt |
| EOY | $792,649 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,647,787 | BOYAmt |
| EOY | $15,686,151 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,259,520 | BOYAmt |
| EOY | $36,407,374 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,334,925 | BOYAmt |
| EOY | $6,405,725 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,594,445 | BOYAmt |
| EOY | $42,813,099 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,242,232 | BOYAmt |
| EOY | $58,499,250 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$417,415 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,636,069 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $685,741 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$4,649 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $34,517 | OtherExpendituresAmt |
| End Year Balance | $646,575 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $695,141 | BeginningYearBalanceAmt |
| Contributions | $1,341 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,741 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $685,741 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,266,770 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$130,080 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $441,549 | OtherExpendituresAmt |
| End Year Balance | $695,141 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,251,163 | BeginningYearBalanceAmt |
| Contributions | $14,910 | ContributionsAmt |
| Investment Earnings Or Losses | $697 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,266,770 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,212,735 | BeginningYearBalanceAmt |
| Contributions | $23,103 | ContributionsAmt |
| Investment Earnings Or Losses | $15,325 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,251,163 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $7,200,000 | InvestmentCostOrOtherBasisAmt |
| Book Value | $7,200,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $28,243,241 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $10,174,345 | DepreciationAmt |
| Book Value | $18,068,896 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,058,752 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $3,014,255 | DepreciationAmt |
| Book Value | $1,044,497 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,593,671 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $2,510,400 | DepreciationAmt |
| Book Value | $83,271 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,396,664 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY | $764,836 |
| FINANCE LEASE LIABILITY | $27,813 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $792,649 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $42,326,057 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,636,069 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,636,069 | RevenueNotReportedAmt |
| Revenue Subtotal | $40,689,988 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $40,689,988 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $41,107,403 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $41,107,403 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $41,107,403 | TotalExpensesPerForm990Amt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | THE INSTITUTIONAL CATALOGUE AND OFFICIAL DOCUMENTS DISCLOSE THIS POLICY. |
| SCHEDULE E, LINE 6 | THE INSTITUTION RECEIVES FINANCIAL AID FROM THE DEPARTMENT OF EDUCATION. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| NELSON SOTO VARGAS | |||
| PRESIDENT | $280,600 | $6,689 | $287,289 |
| BERTA ROS MALDONADO | |||
| CHIEF ACAD. OFFICER | $161,735 | $8,541 | $170,276 |
| RAMN MENNDEZ | |||
| CFO | $150,600 | $39 | $150,639 |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | PAF CONTRIBUTIO | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $388,886 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | TO COMPLETE THE 990 WE USE SEVERAL METHODS TO REVIEW THE INFORMATION; SUCH AS AUDITED FINANCIAL STATEMENTS, WORKSHEETS AS BACKUP FOR SEVERAL SCHEDULES, REVIEW WITH OTHER INSTITUTIONAL PERSONNEL QUESTIONS CONCERNING SPECIFIC POLICIES AND PRACTICES, AND CERTAIN BOARD COMMITTES FOR QUESTIONS REGARDING GOVERNANCE AND POLICIES. |
| FORM 990, PAGE 6, PART VI, LINE 12C | A DOCUMENT "FORMULARIO DE CERTIFICACIN Y DIVULGACIN ANUAL SOBRE CONFLICTO DE INTERESES" IS DISTRIBUTED TO MEMBERS OF THE BOARD ANNUALLY, AND WILL ALSO BE DISTRIBUTED TO UNIVERSITY CONSTITUENTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF TRUSTEES HAS CONSTITUTED A COMPENSATION, FINANCE AND PLANNING COMMITTEE THAT IS ON CHARGE OF OVERSEEING COMPENSATION FOR KEY PERSONNEL OF THE INSTITUTION. A WRITTEN EMPLOYMENT CONTRACT IS ALSO IN PLACE FOR THE PRESIDENT OF THE INSTITUTION SIGNED BY THE PRESIDENT OF THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. |