2020-06-15T09:37:55-07:00 2019-07-31 990 2018-08-01 660201206 SISTEMA UNIVERSITARIO ANA G MENDEZ INCORPORADO SIST 7877510178 PO BOX 21345 San Juan Puerto Rico RQ 00928-1345 Carmelo Torres VP for Financial Affairs 7877510178 2020-06-15 24.50.205.180 2018 2020-11-19 02:30:22Z JOSE F MENDEZ MENDEZ PO BOX 21345 SAN JUAN PR 00928 392284341 0 X www.uagm.edu X 1950 PR Sistema Universitario Ana G. Méndez Incorporado (SUAGM or the Institution) is a private, nonprofit, educational institution that operates four educational institutions (Cupey Campus, Carolina Campus, Gurabo Campus, Online 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 2 5981 0 94877 93877 29412018 29193230 254329572 240407927 5173238 -1381667 20685081 15214853 309599909 283434343 20468897 20239516 0 0 138270683 131358833 0 0 0 146523604 142740595 305263184 294338944 4336725 -10904601 363505893 358405546 178502390 180954242 185003503 177451304 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 84242517 515881 220967655 Instruction - These are the expenditures incurred to provide a complete instruction program, allowing the students to obtain a higher education of quality. It also includes academic administration expenses which primary function is instructional. Some examples of expenses included in this category are: faculty salaries, expenses incurred directly by schools, deans, departments and other academic units. 37472780 0 25549 Operating and Maitenance - 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. 17215235 17215235 0 Scholarship - These are expenditures for scholarships and fellowships from restricted and unrestricted funds in the form of grants to students, resulting from selection by the institutions or from an entitlement program. It also includes trainee stipends. The recipients of grants are not required to perform services for the institutions as consideration for the grants, nor are they expected to repay the amount of the grant to the funding source. 18447503 1793920 104010 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. 7332107 371695 27754297 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. 6384768 204326 2518573 Public Services - These are the expenditures mainly incurred for the operation of a non commercial television station providing educational and cultural programs to students and the community. Also included under this category are expenditures from activities developed for community service, mainly high school dropout students, socially and economically challenged students, academically outstanding students, and others. 2397043 113148 300668 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. 880785 25311 2570361 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. 35442206 2508400 33247909 174372738 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 5981 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 2 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 PR X Mariel J Martinez 7877510178 PO BOX 21345-1345 San Juan PR 009281345 Ramiro Millan Catasus Director 1 0 X 0 0 0 Felix Rodriguez Schmidt Director 1 0 X 0 0 0 Rafael Nadal Arcelay Director 1 0 X 0 0 0 Manuel Agosto Garcia Director 1 0 X 0 0 0 Herminio Martinez Director 1 0 X 0 0 0 Wilfredo Cosme Ortiz Director 1 0 X 0 0 0 Rene A Soto Torres Director 1 0 X 0 0 0 Delia Castillo De Colorado Director 1 0 X 0 0 0 Hector A Jimenez Ramirez Director 1 0 X 0 0 0 Rita DiMartino Director 1 0 X 0 0 0 Migdalia Torres Rivera Director 1 0 X X 0 0 0 Jose F Mendez Mendez Director/President 40 0 X X 467839 0 20265 Dennis Alicea Rodriguez Chancellor 40 0 X 1078848 0 8027 Margarita Torres Millan VP & General Management 40 0 X 315269 0 10135 Ricardo Rodriguez Domenech VP Administrative Affairs 40 0 X 296167 0 19170 Victoria De Jesus VP Human Resources 40 0 X 218764 0 17386 Jorge L Crespo Armaiz VP Planning & Academic Affairs 40 0 X 205404 0 17444 Carlos Padin Bibiloni Cancellor 40 0 X 194807 0 20927 Mildred Huertas Sola Chancellor 40 0 X 188550 0 17104 John Navarro Ferreira Internal Audit Director 40 0 X 182860 0 21150 Carmelo Torres Reyes VP Financial Affairs 40 0 X 166096 0 12115 Mayra Cruz Rivera VP Marketing & Student Affairs 40 0 X 164560 0 21038 Eligio David Mendez VP International Affairs 40 0 X 154602 0 14742 Luis Zayas Seijo VP Nationals Affairs 40 0 X 145613 0 15391 Hector Flores Interim chancellor AGM University 40 0 X 91149 0 3608 Rafael Nadal Bosch VP International Affairs 40 0 X 85379 0 7742 Carmen Ortega Interim Chancellor AGM University 40 0 X 82893 0 3288 Jorge Garofalo Pastrana Sport Activities Director 40 0 X X 178183 0 3522 Ada L Sola Fernandez Associate VP Senior 40 0 X 148806 0 4678 Roberto Loran Santos Vice-Chancellor 40 0 X 138488 0 3750 Gladys L Betancourt Gomez Vice-Chancellor 40 0 X 131912 0 4184 Eulalia Marquez Martinez Professor 40 0 X 128400 0 858 4764589 0 246524 18 1 1 0 BBDO Puerto Rico Box 9400 Santurce Station Santurce PR 00908 Advertisement 4010312 Globe Executive Solution Inc Urb Perez Morris Calle Mayaguez 104 San Juan PR RQ 00928 Security 3747962 National Building Maintenance Inc 855 Hostos Ave Ponce PR 00716 Maintenance 2303829 Master Facility Service Corp Suite 112 MCS 494 100 Grand Boulevard Paseo San Juan PR 00926 Air Maintenance 1279756 Constructora Rural Urbana PO BOX 190249 SAN JUAN PR 00928 Contractor 751932 47 0 0 0 0 27455322 1737908 0 29193230 Tuitions and Fees 611710 238086570 238086570 0 0 Auxiliary Enterprises 611710 1355415 1355415 0 0 Sistema TV 515100 965942 512302 89428 364212 0 0 0 0 240407927 4904830 0 0 4904830 0 0 0 0 0 0 0 0 52470 0 6595 0 45875 0 45875 0 0 45875 102255958 0 108542455 0 -6286497 0 -6286497 0 5449 -6291946 0 1051718 300948 750770 0 0 750770 Miscellaneus Revenues 611710 10489443 10489443 0 0 Continuing Education 611710 951774 951774 0 0 F&B Recovery 611710 982228 982228 0 0 1994763 1994763 0 0 14418208 283434343 254372495 94877 -226259 X 0 0 20239516 20239516 4195904 4195904 0 99175483 87276864 11898619 4609284 410453 4198831 13929385 7780358 6149027 9448777 8173775 1275002 1043863 11422 1032441 323440 323440 208800 208800 51791419 6559844 45231575 6934553 982183 5952370 9334215 5881664 3452551 2315198 1668736 646462 25751038 25129839 621199 2361377 1393806 967571 3593289 2781170 812119 6619669 6619669 17503743 17503743 3845942 3845942 Production and Programming TV Channel 68279 68279 0 0 Bad Debt expenses 5098498 51819 5046679 0 5947272 2117068 3830204 294338944 174372738 119966206 0 0 0 13291174 27263865 198554 155569 2624097 2600700 0 0 0 0 0 0 189642 109519 6206916 7846265 560574984 310149288 257541465 250425696 67944296 58439896 451837 343790 0 0 0 0 15057912 11220246 363505893 358405546 29810037 30216244 0 0 0 0 87896398 84164148 0 0 0 0 350357 71421 55482270 62271503 4963328 4230926 178502390 180954242 X 174219682 166637572 726348 0 10057473 10813732 185003503 177451304 363505893 358405546 X -10904601 3345807 0 0 0 6595 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 12 0 0 0 1 0 0 0 0 0 2495951 0 0 X X X X 0 67798450 12885 1745335 0 1086553 47167 68422950 64959250 71975 4022356 0 1171748 83385 67798448 60186939 125573 6353440 0 1547993 158709 64959250 63728525 89988 -1687704 0 1703484 240386 60186939 61532859 139328 4034492 0 1939060 39094 63728525 0.89 0.11 0 0 0 0 35025992 35025992 0 332519952 150810585 181709367 0 11499301 7719659 3779642 0 142559502 125986126 16573376 0 38970237 25632918 13337319 250425696 0 ANNUITIES 4230926 4230926 X 272604347 0 0 0 -17215236 -17215236 289819583 208800 -6594040 -6385240 283434343 276378056 0 0 0 -536852 -536852 276914908 208800 17215236 17424036 294338944 Schedule D, Part II, Line 9 The Institution does not have any conservation easements recorded on its books as of July 31, 2019. Therefore, there is no need for a disclosure in the financial statements related to conservation of easements. However, the Institution owns (as of July 31, 2019) 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. Schedule D, Part III, Line 4 The Gurabo's campus Museum and Center for Humanistic Studies (The Museum) has a collection of works of art totaling $2,495,951 as of July 31, 2019. The collection's objects are categorized in three major areas: Archaeology, 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 expressions of our regional and national Puerto Rican 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 it enhances our students and the community's knowledge of their cultural heritage. Schedule D, 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 Statement 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. Schedule D, Part X, Line 2 The Institution follows the guidance contained in ASC Topic 740-10-25, Accounting for uncertainly in Income Taxes. ASC Topic 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 concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Schedule D, Part XI, Line 2d Scholarships: ($17,215,236) Schedule D, Part XI, Line 4b Cost of good sold: ($300,948) + Property taxes: ($6,595) + Realized loss on investments: ($6,286,497) = ($6,594,040). Schedule D, Part XII, Line 2d Cost of Goods Sold: ($300,948) + Pension-related changes other than net periodic cost $3,778,490 + Net depreciation of Investments per AFS ($2,940,690)= ($536,852). Schedule D, Part XII, Line 4b Scholarships: $17,215,236. 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 Students at SUAGM'S institutions are eligible and receive grants from US and Puerto Rico governments, mainly Title IV Fuds from the Federal Department of Education (DE). Other sources of financial aid for teacher training, studies in nursing, veterans, disabled, among others, are provided through federal agencies (DE, DHHS, etc). 1 Scholarships and stipends 23172 17215236 College work & study 2212 3024281 Schedule I, Part I, Line 2 Financial aid assistance is awarded based on US Federal, State, and Private guidelines as required by the corresponding type of assistance. X 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 395970 0 24517 0 47352 0 13260 0 7005 0 488104 0 0 0 Dennis Alicea Rodriguez Chancellor 1075605 0 600 0 2643 0 13260 0 7005 0 1099113 0 0 0 Margarita Torres Millan VP & General Management 306969 0 600 0 7700 0 8535 0 1600 0 325404 0 0 0 Ricardo Rodriguez Domenech VP Administrative Affairs 238609 0 6896 0 50662 0 14864 0 2742 0 313773 0 0 0 Victoria De Jesus VP Human Resources 207250 0 7400 0 4114 0 14644 0 2742 0 236150 0 0 0 Jorge L Crespo Armaiz VP Planning & Academic Affairs 194150 0 7140 0 4114 0 14702 0 2742 0 222848 0 0 0 Carlos Padin Bibiloni Cancellor 183813 0 6880 0 4114 0 13922 0 7005 0 215734 0 0 0 Mildred Huertas Sola Chancellor 168696 0 6654 0 13200 0 14362 0 2742 0 205654 0 0 0 John Navarro Ferreira Internal Audit Director 169000 0 6660 0 7200 0 14145 0 7005 0 204010 0 0 0 Carmelo Torres Reyes VP Financial Affairs 157088 0 5991 0 3017 0 5110 0 7005 0 178211 0 0 0 Mayra Cruz Rivera VP Marketing & Student Affairs 145200 0 6160 0 13200 0 14033 0 7005 0 185598 0 0 0 Eligio David Mendez VP International Affairs 137275 0 5671 0 11656 0 12000 0 2742 0 169344 0 0 0 Luis Zayas Seijo VP Nationals Affairs 138194 0 6205 0 1214 0 12877 0 2514 0 161004 0 0 0 Hector Flores Interim chancellor AGM University 84713 0 1266 0 5170 0 866 0 2742 0 94757 0 0 0 Rafael Nadal Bosch VP International Affairs 75000 0 4680 0 5699 0 5000 0 2742 0 93121 0 0 0 Carmen Ortega Interim Chancellor AGM University 80471 0 1581 0 840 0 546 0 2742 0 86180 0 0 0 Jorge Garofalo Pastrana Sport Activities Director 174993 0 600 0 2590 0 729 0 2793 0 181705 0 0 0 Ada L Sola Fernandez Associate VP Senior 145200 0 2766 0 840 0 1936 0 2742 0 153484 0 0 0 Roberto Loran Santos Vice-Chancellor 135198 0 2800 0 490 0 985 0 2766 0 142239 0 0 0 Gladys L Betancourt Gomez Vice-Chancellor 124850 0 6222 0 840 0 1442 0 2742 0 136096 0 0 0 Eulalia Marquez Martinez Professor 128400 0 0 0 0 0 0 0 858 0 129258 0 0 0 Schedule J, 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 on 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 expense 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 as part of their annual's compensation. 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. Schedule J, Part I, Line 4 Jose F. Méndez: Nonqualified retirement plan-$12,000, John Navarro: Nonqualified retirement plan-$12,000, Jorge L. Crespo: Nonqualified retirement plan-$12,000, Victoria De Jesús: Nonqualified retirement plan-$12,000, Mayra Cruz: Nonqualified retirement plan-$12,000, Carlos Padin: Nonqualified retirement plan-$12,000, Eligio David: Nonqualified retirement plan-$12,000, Gladys Betancourt: Nonqualified retirement plan-$12,000, Ricardo Rodríguez: Nonqualified retirement plan-$12,000, Mildred Huertas: Nonqualified retirement plan-$12,000, Luis Zayas: Nonqualified retirement plan-$11,000, Margarita Millan: Nonqualified retirement plan-$7,000, Rafael Nadal: Nonqualified retirement plan-$5,000, Rafael Nadal Bosh: Nonqualified retirement plan-$5,000, Carmelo Torres: Nonqualified retirement plan-$3,000, Denis Alicea: Nonqualified retirement plan-$2,000, Migdalia Torres: Nonqualified retirement plan-$1,000 A AFICA Bond 2006 690660050 745227EN0 2006-04-11 30450352 Acquisition and construction of educational facilities 0 0 0 B AFICA Bond 2012 690660050 745272FA7 2012-06-27 80415798 Adquisition and Construction of educational facilities 0 0 0 A 0 0 30450352 0 0 0 580292 0 0 27920310 0 0 2006 0 0 1 1 B 0 0 80415798 0 0 0 1407843 0 0 24900601 0 0 2016 1 1 1 1 A 0 1 0 0 0.0143 0 0.0143 1 0 1 B 0 1 0 0 0.0055 0 0.0055 1 0 1 A 0 1 0 0 0 0 1 Royal Bank of Canada 30 1 0 1 B 0 1 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-06/27/2012 80,415,798 AFICA Bond 2012 The rebate computation was performed on June 27, 2017 and it was determined that there is no rebate liability; therefore no filing requirement with the IRS. Andres A Lloveras Mendez Director's grandchild 76407 Employment 0 Eileen M Rodriguez Domenech President's Spouse 57135 Employment 0 Jose F Mendez Lloveras President's son 33514 Employment 0 Fabiola Trigo Rodriguez President's step-daughter 34778 Employment 0 Mayra Jimenez Ramirez Director's sibling 46671 Employment 0 Maria E Nieto Rodriguez Director's spouse 30900 Employment 0 Rafael F Nadal Bosch Director's son 85379 Employment 0 Cancio Nadal Rivera Diaz PSC Partner of the entity is SUAGM Director and Officer's father 704363 Independendt contractor 0 RENOVA Solutions President of the entity is SUAM's Director 1176 Independent contractor 0 Gloria Castillo de Garcia Director's Sister 49188 Employment 0 BBDO Puerto Rico President of the entity is SUAGM'S Director and Officer's spouse 4010312 Independent Contractor 0 Andres R Loran Butron Highest Compensated Employee's son 49539 Employment 0 Margie M Sanchez Vega Director's stepdaughter 54846 Employment 0 Raul De Jesus De Jesus Officer's sibling 27264 Employment 0 Carolina Nazario Josoy Director's stepdaughter 1500 Independent contractor 0 Form 990, Part VI, Section A, Line 2 Ramiro Millan, Director, and Margarita Torres Millan, VP & Manager, are spouses. 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 the Institution's Accounting Office, reviewed by the Associate VP for Accounting and Disbursements, 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 15 The compensation of the organization's President and Officers 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 IX, Line 11g Fee for administrative services: $47,706,332 + Service under contract: $6,588,837 + Professional services $7,496,250=$51,791,419 Form 990, Part XI, Line 9 Property taxes of $6,595 AGMUS Ventures Inc 5601 South Semoran Boulevard Orlando FL 32822 412096004 Administrative Services DE Agmus Ventures Inc C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 AGMUS Ventures Inc m 30638780 Cash On November 6, 2019 a request for an automatic 6-month extension of time until June 15, 2020, to file the exempt organization return for Sistema Universitario Ana G. Méndez, Incorporado was submitted (Form 8868 Application for Automatic Extension of Time To File an Exempt Organization Return). The extension is for the organization's return for tax year beginning August 1, 2019 and ending July 31, 2019.