2025-06-16T09:17:01-05:00 2024-07-31 440160260 FORVIS MAZARS LLP 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-08-01 660201206 SISTEMA UNIVERSITARIO ANA G MENDEZ INCORPORADO SIST 7877510178 PO BOX 21345 SAN JUAN PR 009281345 CARMELO TORRES VP FOR FINANCIAL AFFAIRS 7877510178 2025-06-12 1 1 HARRY E HARP P00176471 4077405400 2025-06-12 2023 2025-03-06 01:10:19Z JOSE F MENDEZ MENDEZ PO BOX 21345 SAN JUAN PR 009281345 205938168 0 X WWW.UAGM.EDU X 1950 PR SISTEMA UNIVERSITARIO ANA G. MENDEZ INCORPORADO (SUAGM OR THE INSTITUTION) IS A PRIVATE, NONPROFIT, EDUCATIONAL INSTITUTION THAT OPERATES THREE EDUCATIONAL INSTITUTIONS (CUPEY CAMPUS, CAROLINA CAMPUS, GURABO CAMPUS) AND A NONCOMMERCIAL PUBLIC TELEVISION STATION (SISTEMA TV) IN PUERTO RICO. SUAGM PROMOTES CULTURAL, SOCIAL, ECONOMIC DEVELOPMENT, AND WELL-BEING OF THE PUERTORICAN SOCIETY. ALL INSTITUTIONS, COLLEGES, PROGRAMS OR SCHOOLS ESTABLISHED, DIRECTED AND SUPERVISED BY SUAGM WILL BE NON-SECTARIAN, COEDUCATIONAL, AND WILL NOT PERMIT DISCRIMINATION, ON THE BASIS OF RACE, GENDER, COLOR, NATIONAL ORIGIN, SOCIAL STATUS, PHYSCIAL OR MENTAL HANDICAP, NOR ON THE BASIS OF POLITICAL, RELIGIOUS OR SOCIAL BELIEFS. 12 6 3268 6 132588 0 38644953 16884601 146101930 144527315 4795922 1814019 14962001 14935855 204504806 178161790 12644721 10833662 0 0 93824766 93821988 0 0 0 88657018 84220284 195126505 188875934 9378301 -10714144 369235544 360884234 108005217 106570067 261230327 254314167 X OUR MISSION IS TO PROVIDE OUR STUDENTS WITH AN ATMOSPHERE OF ACADEMIC FREEDOM AND INTELLECTUAL CHALLENGE, THE NECESSARY RESOURCES TO HELP THEM DEVELOP HIGH CULTURAL AND ETHICAL VALUES, CRITICAL THINKING, AND INTELLECTUAL CURIOSITY, LINGUISTIC AND TECHNOLOGICAL SKILLS AS WELL AS PERSONAL AND PROFESSIONAL SKILLS REQUIRED FOR SUCCESS IN THEIR PROFESSIONS AND THEIR DAILY LIVES. ALSO WE PROMOTE THE INTEGRAL DEVELOPMENT OF A DIVERSE STUDENT POPULATION THROUGH RESEARCH, CRITICAL-CREATIVE THINKING, THE CONSTRUCTION OF KNOWLEDGE AND ITS APPLICATION. FURTHERMORE, WE PROMOTE THE DEVELOPMENT OF ETHICAL PRINCIPLES AND VALUES THAT WILL ALLOW THEM TO CONTRIBUTE TO THE WELLBEING OF THE COMMUNITY THROUGH THEIR KNOWLEDGE OF SOCIAL SYSTEMS AND THEIR ROLE AS RESPONSIBLE CITIZENS. 0 0 59427357 305736 104981942 INSTRUCTION - THE INSTITUTION PROVIDES A COMPLETE INSTRUCTION PROGRAM, ALLOWING THE STUDENTS TO OBTAIN A HIGHER EDUCATION OF QUALITY. IT ALSO SUPPORTS ITS STUDENTS THROUGH ACTIVITIES OTHER THAN FORMAL INSTRUCTION THAT CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT SUCH AS: STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS AND OTHER. CAFETERIAS, PARKING, PRINTING SHOP ARE ALSO MADE AVAILABLE FOR THE BENEFIT OF STUDENTS, FACULTY AND STAFF. 26512111 14046 OPERATING AND MAINTENANCE - THESE ARE THE EXPENDITURES INCURRED FOR ACTIVITIES TO PROVIDE SERVICES AND MAINTENANCE OF CAMPUS GROUNDS AND FACILITIES THAT ARE USED FOR EDUCATIONAL AND GENERAL PURPOSES. THESE INCLUDE: ENERGY, WATER AND ANY OTHER UTILITIES NECESSARY FOR THE OPERATION OF PLANT. IT ALSO INCLUDES CUSTODIAL AND JANITORIAL SERVICES FOR BUILDINGS, MAINTENANCE OF GROUNDS, DISASTER PREPAREDNESS, HAZARDOUS WASTE DISPOSAL, AND LOGISTICAL SERVICES SUCH AS CENTRAL RECEIVING. 14353549 1823157 122801 STUDENT SERVICE - THESE ARE THE EXPENDITURES FOR ACTIVITIES OTHER THAN FORMAL INSTRUCTION THAT CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT SUCH AS: STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS AND OTHERS. 8531516 8531516 SCHOLARSHIP - THE INSTITUTION'S SCHOLARSHIP PROGRAM PROVIDES GRANTS TO STUDENTS, RESULTING FROM SELECTION BY THE INSTITUTIONS OR FROM AN ENTITLEMENT PROGRAM. IT ALSO PROVIDES TRAINEE STIPENDS. THE RECIPIENTS OF GRANTS ARE NOT REQUIRED TO PERFORM SERVICES FOR THE INSTITUTIONS AS CONSIDERATION FOR THE GRANTS, NOT ARE THEY EXPECTED TO REPAY THE AMOUNT OF THE GRANT TO THE FUNDING SOURCE. 4076751 109909 51743723 ACADEMIC SUPPORT - THESE ARE THE EXPENDITURES INCURRED FOR ACTIVITIES AND SERVICES TO PURSUE THE PRIMARY MISSION OF THE INSTITUTION: INSTRUCTION AND RESEARCH. INCLUDES EXPENDITURES SUCH AS LIBRARY BOOKS, AUDIOVISUAL MATERIALS, THOSE RELATED TO STUDENTS RETENTION, PRESERVATION AND DISPLAY OF EDUCATIONAL AND HISTORICAL MATERIALS, SCIENTIFIC DISPLAYS AND ART OBJECTS. 3855094 61345 211707 PUBLIC SERVICES - THE INSTITUTION OPERATES A NON COMMERCIAL TELEVISION STATION PROVIDING EDUCATIONAL AND CULTURAL PROGRAMS TO STUDENTS AND THE COMMUNITY. SPECIFICALLY, THE ORGANIZATION AIMS TO REACH HIGH SCHOOL DROPOUT STUDENTS, SOCIALLY AND ECONOMICALLY CHALLENGED STUDENTS, ACADEMICALLY OUTSTANDING STUDENTS, AND OTHERS. 2278312 2000 4047 RESEARCH - THESE ARE EXPENDITURES INCURRED FOR ACTIVITIES DEVELOPED TO GENERATE RESEARCH OUTCOMES THAT ARE CARRIED OUT WITHIN ACADEMIC DEPARTMENTS. THE RESEARCH PROJECTS ARE COMMISSIONED BY EXTERNAL AGENCIES OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTIONS. 705622 956842 AUXILIARY ENTERPRISES - THESE ARE THE EXPENDITURES INCURRED FOR ESSENTIALLY SELF SUPPORTING OPERATIONS THAT EXIST TO FURNISH A SERVICE TO STUDENTS, FACULTY AND STAFF, AND INCIDENTALLY TO THE GENERAL PUBLIC. THEY INCLUDE CAFETERIAS, PARKINGS, BOOKSTORES, AND A PRINTING SHOP. 19447295 8704770 52916319 119740312 1 1 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 3268 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 6 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 PR X NATALIA DALMAU 7877510178 PO BOX 21345-1345 SAN JUAN PR 009281345 JOSE F MENDEZ MENDEZ DIRECTOR/PRESIDENT 31.00 9.00 X X 885105 402979 62268 RAFAEL NADAL ARCELAY LEGAL COUNSELOR 30.00 10.00 X X 337348 309046 58469 RITA DIMARTINO DIRECTOR 1.00 X 0 0 0 RENE A SOTO TORRES BOD PRESIDENT 1.00 5.00 X 0 0 0 MIGDALIA TORRES RIVERA DIRECTOR 1.00 5.00 X 0 0 0 HERMINIO MARTINEZ DIRECTOR 1.00 5.00 X 0 0 0 DELIA CASTILLO DE COLORADO DIRECTOR 1.00 5.00 X 0 0 0 WILFREDO COSME ORTIZ DIRECTOR 1.00 X 0 0 0 MARIA J RODRIGUEZ MARTINEZ DIRECTOR 1.00 X 0 0 0 OSCAR JIMENEZ MARTIR DIRECTOR 1.00 X 0 0 0 MARGARITA T MILLAN DIRECTOR 1.00 X 0 0 0 UBALDO CATASUS DIRECTOR 1.00 X 0 0 0 RICARDO RODRIGUEZ DOMENECH EXECUTIVE VP/CHIEF OF STAFF 28.00 12.00 X 369129 324109 56075 CARMELO TORRES REYES VP OF FINANCIAL AFFAIRS 30.00 10.00 X 238907 128750 42715 VICTORIA DE JESUS VP OF HUMAN RESOURCES 40.00 X 266955 0 30530 JOHN NAVARRO FERREIRA INTERNAL AUDITOR 40.00 X 186700 0 35200 RAFAEL NADAL BOSCH VP INTERNATIONAL AFFAIRS 40.00 X 191479 0 30519 WALID EL HAGE AROCHO VP ADMINISTRATIVE AFFAIRS 40.00 X 223162 0 28205 PAUL COLBERG VP TELECOMMUNICATIONS AND TECHNOLOGY 40.00 X 294530 0 35578 SHAIANA NEGRON PAGAN DEAN VETERINARY SCHOOL 40.00 X 216502 0 0 EDGARDO C ROSALY MANFREDI VP ACADEMIC AFFAIRS 40.00 X 213792 0 25056 JAIME NADAL BOSCH DOCTOR 40.00 X 204007 0 29291 CARLOS PADIN ASSOCIATE VP 40.00 X 176561 0 9454 AMAURY MALAVE SANABRIA FACULTY 40.00 X 142243 0 6762 LIZBETH RIVERA MEJIAS ASSOCIATE OF VP FINANCIAL AID 40.00 X 141291 0 0 ZORAIDA ORTIZ MUOZ CEO OF GURABO CAMPUS 1.00 X 132900 0 5496 JOSE MALDONADO VP ACADEMIC AFFAIRS (END. 03/23) 40.00 X 123698 0 5446 GINO Q NATALICCHIO CHANCELLOR UAGM (END. 07/23) 23.00 17.00 X 251223 239993 25074 JOSE VIVALDI OLIVER DEAN DENTAL SCHOOL (END. 07/24) 40.00 X 225340 0 6563 ANTHONY RIVERA GONZALEZ CEO OF CAROLINA CAMPUS (END. 07/24) 40.00 X 154396 0 4003 LORNA MARTINEZ TOLEDO CEO OF CUPEY CAMPUS (END. 12/23) 40.00 X 203029 0 5393 MARIA ANTONIA RODRIGUEZ MARTINEZ DEAN (END. 09/23) 40.00 X 191850 0 0 5370147 1404877 502097 50 1 1 0 LUMA ENERGY CALLE FRANCIA 1555 SANTURCE PR 00911 UTILITIES 4853479 GLOBE EXECUTIVE SOLUTIONS INC 1220 AV AMERICO MIRANDA SAN JUAN PR 00921 SECURITY 2351982 WELL DONE LLC 104 CALLE MAYAGUEZ SAN JUAN PR 00917 MAINTENANCE 1680541 CONSTRUCTORA RURAL URBANA (CRU) PO BOX 190249 SAN JUAN PR 00919 CONSTRUCTION 1283946 GLU 175 SW 7TH ST SUITE 1818 MIAMI FL 33130 MARKETING 1147237 45 16074287 810314 16884601 TUITION & FEES 611710 142413249 142413249 AUXILIARY ENTERPRISES 611710 1072136 1072136 SISTEMA TV 516100 1041930 132588 909342 144527315 2698026 2698026 60341 6595 53746 53746 53746 26546166 290000 26874099 846074 -327933 -556074 -884007 -884007 381996 49610 332386 332386 ADMINISTRATIVE SERVICES TO SUBSID 611710 8576808 8576808 MISCELLANEOUS REVENUE 611710 3054852 3054852 CONTINUING EDUCATION 611710 1802878 1802878 1115185 1115185 14549723 178161790 158035108 132588 3109493 10833662 10833662 4278888 4278888 1609657 1232455 377202 71242128 57823671 13418457 685634 246606 439028 8383971 6995341 1388630 7621710 5561649 2060061 480553 23168 457385 413920 413920 203069 203069 15411451 6019422 9392029 3348642 19452 3329190 5644558 3968737 1675821 2159822 1465686 694136 16484603 16223714 260889 1338357 862417 475940 2385929 1975428 410501 5580364 5580364 18613986 2080984 16533002 3811689 2112582 1699107 OTHER EXPENSES 4932798 2283788 2649010 BAD DEBT EXPENSES 3410503 11510 3398993 PRODUCTION AND PROGRAMI 40 40 188875934 119740312 69135622 0 1396016 6147379 3476574 3482599 164820 164820 1842044 1690448 120242 82614 2109284 2167736 593071551 369814129 237142413 223257422 81313244 79144823 41670907 44746393 369235544 360884234 22841350 22975213 67673193 66771333 17490674 16823521 108005217 106570067 X 250221370 242755986 11008957 11558181 261230327 254314167 369235544 360884234 X -10714144 2725915 1072069 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 12.00 0 0 1 0 0 2628133 X X X X 0 73686553 11479 5091670 203069 645868 77940765 73358297 10000 1168786 215013 635517 73686553 75392222 10000 -1160496 236744 646685 73358297 70898473 25000 5481182 1012433 75392222 68422955 21352 3510321 1039416 16739 70898473 0.69000 0.29500 0.01500 0 0 35146152 35146152 328999275 188179165 140820110 6281511 5632525 648986 174990540 149497409 25493131 47654073 26505030 21149043 223257422 RIGHT OF USE ASSETS (ASC 842) 13729325 BILLED & UNBILLED GRANTS AND CONTRACTS 5258163 ASSET FOR PENSION BENEFITS 6120991 OTHER RECEIVABLES 5201038 DUE FROM SUBSIDIARY 14220378 OTHER ASSETS 216498 44746393 LIABILITY FOR OTHER EMPLOYEE BENEFITS (ANNUITIES) 2702507 RIGHT OF USE LIABILITY (ASC 842) 13916193 OTHER LIABILITIES 204821 16823521 X 173274799 2725915 -8531516 -5805601 179080400 203069 -1121679 -918610 178161790 180190959 49610 49610 180141349 203069 8531516 8734585 188875934 PART II, LINE 9: THE INSTITUTION DOES NOT HAVE ANY CONSERVATION EASEMENTS RECORDED ON ITS BOOKS AS OF JULY 31,2024. THEREFORE, THERE IS NO NEED FOR A DISCLOSURE IN THE FINANCIAL STATEMENTS RELATED TO CONSERVATION OF EASEMENTS. HOWEVER, THE INSTITUTION OWNS (AS OF JULY 3, 2024) TWO PROPERTIES (LAND) THAT WERE DONATED TO ESTABLISH AN ENVIRONMENTAL LABORATORY FOR CUPEY'S CAMPUS ENVIRONMENTAL STUDIES SCHOOL. THEY WERE RECORDED AT THE TIME OF DONATION AT MARKET VALUE. PART III, LINE 4: THE GURABO'S CAMPUS MUSEUM AND CENTER FOR HUMANISTIC STUDIES (THE MUSEUM) HAS A COLLECTION OF WORKS OF ART TOTALING $2,628,133 AS JULY 31, 2024. THE COLLECTION'S OBJECT ARE CATEGORIZED IN THREE MAJOR AREAS: ARCHEOLOGY, FINE ARTS AND FOLK ARTS. THE MUSEUM COLLECTS OBJECTS OF CULTURAL HERITAGE REPRESENTATIVE OF PUERTO RICO'S CENTRAL AND EASTERN REGIONS. ALSO, THE MUSEUM COLLECTS WORKS OF ARTS OF NATIONAL RELEVANCE THAT CONTRIBUTE TO THE UNDERSTANDING OF THE PUERTORRICAN CULTURE. THE MUSEUM MISSION IS TO COLLECT, PRESERVE, STUDY AND DISSEMINATE THE ARTISTIC AND HUMANISTIC EXPRESSION OF OUR REGIONAL AND NATIONAL PUERTO RICO CULTURE FOR THE ENJOYMENT AND BENEFIT OF THE UNIVERSITY COMMUNITY AND THE GENERAL PUBLIC. THUS, THE MUSEUM'S MISSION COMPLEMENTS THAT OF SUAGM IN THAT IN ENHANCES OUR STUDENTS AND THE COMMUNITY'S KNOWLEDGE OF THEIR CULTURAL HERITAGE. PART V, LINE 4: THE INSTITUTION'S ENDOWMENT HAS THREE COMPONENTS: ENDOWMENT,; QUASI ENDOWMENT, AND SCHOLARSHIPS. ENDOWMENT FUNDS ARE SPENT ACCORDING TO THE SPENDING POLICY, AS ESTABLISHED IN THE BOARD OF DIRECTOR'S STATEMENTS OF INVESTMENT POLICY, GUIDELINES AND OBJECTIVES. THE ENDOWMENT CONTAINS DONORS RESTRICTED FUNDS, MAINLY FOR SCHOLARSHIPS AND FUNDS RELATED TO THE ENDOWMENT CHALLENGE GRANT (TITLE III PROGRAM), THAT PROVIDED FUNDS TO THE INSTITUTION THAT WERE MATCHED DOLLAR PER DOLLAR AND WHICH PRINCIPAL IS RESTRICTED FOR A PERIOD OF TWENTY (20) YEARS. RESTRICTIONS UNDER THE TITLE III PROGRAM HAVE BEEN SUBSTANTIALLY COMPLETED, AS THESES GRANTS INITIATED IN THE 1980'S. UNRESTRICTED FUNDS ARE AVAILABLE FOR SPENDING FOR ADMINISTRATIVE (INVESTMENT MANAGEMENT FEES, AMONG OTHERS) AND OPERATIONAL EXPENSES IF APPROVED BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE INSTITUTION FOLLOWS THE GUIDANCE CONTAINED IN ASC TOPIC 740-10-25. ACCOUNTING FOR UNCERTAINLY INCOME TAXES, ASC 740-10-25 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTABLE FOR FINANCIAL STATEMENTS RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. BASED UPON ITS EVALUATION, THE INSTITUTION CONCLUDE THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITION REQUIRING RECOGNITION N ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -8,531,516. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -49,610. INCOME LOSS ON INVESTMENT SUBSIDIARY -1,659,348. PENSION RELATED CHANGES OTHER THAN NET PERIODIC COST 587,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 49,610. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 8,531,516. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTION IS IN COMPLIANCE WITH REV. PROC. 75-70. SCHEDULE E, PART I, LINE 6 THE INSTITUTION PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. STUDENTS AT SUAGM'S CAMPUSES ARE ELIGIBLE AND RECEIVE GRANTS FROM US AND PUERTO RICO GOVERNMENTS, MAINLY TITLE IV FUNDS FROM THE FEDERAL DEPARTMENT OF EDUCATION (DE). OTHER SOURCES OF FINANCIAL AID FOR TEACHER TRAINING, STUDIES IN NURSING, VETERANS, DISABLE, AMONG OTHERS, ARE PROVIDED THROUGH FEDERAL AGENCIES (DE, DHHS, ETC). 1 COLLEGE WORK STUDY 953 2302145 SCHOLARSHIPS AND STIPENDS 15262 8531517 PART I, LINE 2: FINANCIAL AID ASSITANCE IS AWARDED BASED ON US FEDERAL STATE, AND PRIVATE GUIDELINES AS REQUIRED BY THE CORRESPONDING TYPE OF ASSISTANCE. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 JOSE F MENDEZ MENDEZ DIRECTOR/PRESIDENT 560000 362000 72153 39479 252952 1500 24000 22500 11016 4752 920121 430231 0 0 RICARDO RODRIGUEZ DOMENECH EXECUTIVE VP/CHIEF OF STAFF 283400 259000 26500 13609 59229 51500 24000 22500 9575 0 402704 346609 0 0 RAFAEL NADAL ARCELAY LEGAL COUNSELOR 225000 234000 47268 13546 65080 61500 24000 22500 8419 3550 369767 335096 0 0 GINO Q NATALICCHIO CHANCELLOR UAGM (END. 07/23) 213756 184975 600 32372 36867 22646 14000 6000 4068 1006 269291 246999 0 0 CARMELO TORRES REYES VP OF FINANCIAL AFFAIRS 205200 128750 26500 0 7207 0 24000 7500 11215 0 274122 136250 0 0 PAUL COLBERG VP TELECOMMUNICATIONS AND TECHNOLOGY 242000 0 23269 0 29261 0 26000 0 9578 0 330108 0 0 0 VICTORIA DE JESUS VP OF HUMAN RESOURCES 229998 0 30461 0 6496 0 24000 0 6530 0 297485 0 0 0 WALID EL HAGE AROCHO VP ADMINISTRATIVE AFFAIRS 189500 0 26000 0 7662 0 26000 0 2205 0 251367 0 0 0 EDGARDO C ROSALY MANFREDI VP ACADEMIC AFFAIRS 175711 0 25031 0 13050 0 16000 0 9056 0 238848 0 0 0 JAIME NADAL BOSCH DOCTOR 188050 0 10500 0 5457 0 24000 0 5291 0 233298 0 0 0 JOSE VIVALDI OLIVER DEAN DENTAL SCHOOL (END. 07/24) 210000 0 2500 0 12840 0 0 0 6563 0 231903 0 0 0 RAFAEL NADAL BOSCH VP INTERNATIONAL AFFAIRS 164000 0 16300 0 11179 0 24000 0 6519 0 221998 0 0 0 JOHN NAVARRO FERREIRA INTERNAL AUDITOR 169000 0 10500 0 7200 0 24000 0 11200 0 221900 0 0 0 SHAIANA NEGRON PAGAN DEAN VETERINARY SCHOOL 202002 0 2500 0 12000 0 0 0 0 0 216502 0 0 0 LORNA MARTINEZ TOLEDO CEO OF CUPEY CAMPUS (END. 12/23) 191429 0 600 0 11000 0 0 0 5393 0 208422 0 0 0 MARIA ANTONIA RODRIGUEZ MARTINEZ DEAN (END. 09/23) 186750 0 5100 0 0 0 0 0 0 0 191850 0 0 0 CARLOS PADIN ASSOCIATE VP 174306 0 2255 0 0 0 0 0 9454 0 186015 0 0 0 ANTHONY RIVERA GONZALEZ CEO OF CAROLINA CAMPUS (END. 07/24) 137596 0 3600 0 13200 0 0 0 4003 0 158399 0 0 0 JOSE MALDONADO VP ACADEMIC AFFAIRS (END. 03/23) 119888 0 600 0 3210 0 4000 0 1446 0 129144 0 0 0 PART I, LINE 1A A) FIRST CLASS OR CHARTER TRAVEL- THE INSTITUTION'S TRAVEL POLICY ESTABLISHES THAT THE PRESIDENT MAY TRAVEL IN FIRST CLASS AND THOSE OFFICERS THAT TRAVEL WITH THE PRESIDENT OF OFFICIAL BUSINESS TRIP MAY TRAVEL IN BUSINESS CLASS. ALSO, THE INSTITUTION PAYS TRAVEL EXPENSES IN BUSINESS CLASS FOR THE PRESIDENT OF THE BOARD WHEN TRAVELLING TO BOARD RELATED ACTIVITIES OR SEMINARS SUCH AS THE BOARD'S ANNUAL SEMINAR THE ASSOCIATION OF GOVERNING BOARD'S CONFERENCE, AMONG OTHERS. B) TRAVEL FOR COMPANION- THE PRESIDENT'S SPOUSE ACCOMPANIES HIM AT THE INSTITUTION'S EXPENSES WHEN HE TRAVELS ON OFFICIAL BUSINESS TRIP AND SO DO THE SPOUSES OF THE MEMBERS OF THE BOARD AND OFFICERS ON CERTAIN BUSINESS ACTIVITIES. C) HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE- THE INSTITUTION OWNS AND RENT SEVERAL PROPERTIES THAT ARE USED AS RESIDENCE FOR THE PRESIDENT'S AND EXECUTIVE MEMBERS OF HIS STAFF. THE RENT MARKET VALUE OF THESE PROPERTIES ARE CLASSIFIED AND REPORTED. D) HEALTH AND SOCIAL CLUB DUES OR INITIATION FEES- THE INSTITUTION COVERS THE COST OF MEMBERSHIP AT LOCAL HOTELS TO BE USED FOR OFFICIAL ACTIVITIES. E) PERSONAL SERVICES- THE INSTITUTION COVERS THE COST OF A CHAUFFER FOR THE PRESIDENT AND MAID SERVICES AT THE PRESIDENT'S RESIDENCE. PART I, LINE 3 JOSE F. MENDEZ: NONQUALIFED RETIREMENT PLAN- $24,000, VICTORIA DE JESUS: NONQUALIFED RETIREMENT PLAN- $24,000, JOHN NAVARRO: NONQUALIFED RETIREMENT PLAN- $24,000, RICARDO L. RODRIGUEZ: NONQUALIFED RETIREMENT PLAN- $24,000, RAFAEL NADAL ARCELAY: NONQUALIFED RETIREMENT PLAN- $24,000, RAFAEL NADAL BOSCH: NONQUALIFED RETIREMENT PLAN- $24,000, CARMELO TORRES: NONQUALIFED RETIREMENT PLAN- $24,000, GINO NATALICCHIO: NONQUALIFED RETIREMENT PLAN- $14,000, WALID EL HAGE: NONQUALIFED RETIREMENT PLAN- $26,000, PAUL COLBERG: NONQUALIFED RETIREMENT PLAN- $26,000, JOSE F MALDONADO: NONQUALIFED RETIREMENT PLAN- $4,000, JAIME NADAL BOSCH: NONQUALIFED RETIREMENT PLAN- $24,000, EDGARDO MANFREDI: NONQUALIFED RETIREMENT PLAN- $16,000 BUFETE CANCIO NADAL DIAZ BOARD OF DIRECTOR MEMBER 567748 INDEPENDENT CONTRACTOR 0 MARGARITA TORRES MILLAN DIRECTOR & INDEPENDENT CONTRACTOR 120000 INDEPENDENT CONTRACTOR 0 CALAPEDI LLC BOARD OF DIRECTOR MEMBER 50787 INDEPENDENT CONTRACTOR 0 HERMINIO MARTINEZ BOARD OF DIRECTOR MEMBER 62500 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION REQUIRED TO COMPILE FORM 990 WAS BASED ON THE INSTITUTION'S AUDITED FINANCIAL STATEMENTS. SUPPLEMENTAL INFORMATION WAS GATHERED FROM SUAGM'S ACCOUNTING SYSTEM. FOR THIS REPORTING PERIOD, THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY THE CONTROLLER, AND APPROVED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS. A COPY OF THIS FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING IT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY COMPLETE A FORM TO DISCLOSE CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST. THE PROCESS IS CONDUCTED BY THE SECRETARY OF THE BOARD AND FORMS ARE KEPT IN FILE AT THE BOARD'S OFFICE. ALSO, A CONFLICT OF INTEREST DISCLOSURE IS ADMINISTERED TO ALL EMPLOYEES AND FACULTY MEMBERS THAT PARTICIPATE IN FEDERALLY FUNDED PROJECTS. THIS PROCESS IS ADMINISTERED BY THE VICE-PRESIDENCY OF HUMAN RESOURCES. THE POLICY IS ALSO DISCUSSED AS PART OF THE TRAINING PROGRAM FOR NEW EMPLOYEES AND AT OTHER ACTIVITIES INVOLVING STAFF AND FACULTY. A MEMORANDUM IS DISTRIBUTED THROUGH THE INSTITUTION'S INTERNAL COMMUNICATION TO ALL THE UNIVERSITY'S COMMUNITY TO MAKE THEM AWARE OF THE CONFLICT OF INTEREST POLICY IN FORCE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND OFFICER ARE REVIEWED BY AN INDEPENDENT CONSULTING GROUP WHICH USES COMPARABLE DATA TO THEIR INDUSTRY. THE RESULTS OF THE PRESIDENT'S COMPENSATION IS THEN PRESENTED TO THE BOARD OF DIRECTOR FOR ITS APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICE OF THE SECRETARY OF THE BOARD OF DIRECTORS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE THROUGH WEBSITE AND THROUGH THE VICE-PRESIDENCY OF HUMAN RESOURCES. INTERIM AND AUDITED FINANCIAL STATEMENTS ARE ROUTINELY DISTRIBUTED TO BANKS AS CREDITORS AND ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE VICE-PRESIDENCY FOR FINANCIAL AFFAIRS. FORM 990, PART XI, LINE 9: INCOME LOSS ON INVESTMENT SUBSIDIARY 1,659,348. PENSION RELATED CHANGES OTHER THAN NET PERIODIC COST -587,279. ANA G MENDEZ UNIVERSITY INC 5575 S SEMORAN BLVD SUITE 505 ORLANDO FL 32822 412096004 FL 501(C)(3) LINE 2 SISTEMA UNIVERSITARIO ANA G MENDEZ INC 1 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 ANA G MNDEZ UNIVERSITY INC A 33527 FAIR MARKET VALUE ANA G MNDEZ UNIVERSITY INC D 10503186 FAIR MARKET VALUE ANA G MNDEZ UNIVERSITY INC L 9579605 FAIR MARKET VALUE ANA G MNDEZ UNIVERSITY INC M 3778974 FAIR MARKET VALUE ANA G MNDEZ UNIVERSITY INC P 738637 FAIR MARKET VALUE ANA G MNDEZ UNIVERSITY INC Q 518272 FAIR MARKET VALUE