2011-06-07T11:24:38-07:00 2010-07-31 990 2009-08-01 660201206 SISTEMA UNIVERSITARIO ANA G MENDEZ INC SIST 7877510178 PO BOX 21345 San Juan Puerto Rico RQ 00928-1345 Alfonso Davila 7877510178 2011-06-07 2009 2016-02-24 21:20:13Z Jose F Mendez PO BOX 21345 San Juan RQ 00928-1345 270037643 0 X www.suagm.edu X 1950 PR Sistema Universitario Ana G. Méndez (SUAGM or the Institution) is a private, nonprofit, educational institution that operates three educational institutions (Universidad Metropolitana, Universidad del Este and Universidad del Turabo) and a noncommercial public television station (Sistema TV) in Puerto Rico. SUAGM promotes cultural, social, and 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. 10 8 5387 0 -37980 -37980 41000007 40312362 179116875 209111710 -4016207 2355897 9854965 9315663 225955640 261095632 24052740 25396930 0 0 110005510 119049803 0 0 0 84224537 87507473 218282787 231954206 7672853 29141426 275299019 281618745 178957334 153879958 96341685 127738787 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. At last, 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 68735148 785394 210287836 Instruction- these are expenditures incurred in order to provide a complete instruction program, allowing the students to obtain a higher education of quality. It includes academic administration expenses which its primary function is instructional. Some examples of expenses included in this category are: faculty salaries and fringe benefits and expenses directly incurred by schools, deans, departments or other academic units. 16020309 1399410 59031 Student Services - these are expenditures related to activities, other than formal instruction, that contribute to the student's emotional and physical well-being and to his/her intellectual, cultural, and social development such as: extracurricular, cultural, and athletic activities and events. 29090495 0 932329 Operating and Maintenance - these are expenditures incurred for activities related to the operation and maintenance of campus grounds, buildings, and facilities that are used for educational and general purposes. This include: energy, water and any other utilities necessary for the operation of plant, security, and janitorial services, disaster preparedness, hazardous waste disposal, and logistical services such as central receiving. 2358378 148669 0 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. 11726081 150861 0 Public Services - These are expenditures related to 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. 9650985 215415 0 Academic Support - These are the expenditures 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, among others. 23830476 22660999 0 Scholarships - These are expenditures related to scholarhsips 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 grant to the funding source. 3472060 36180 0 Auxiliary Enterprises - These are the expenditures for essentially self supporting operations of the institutions that exist to furnish a service to students, faculty and staff of the institutions, and incidentally to the general public. They include cafeterias, parkings, bookstores, and a printing shop. 0 0 5058755 Institutional Support - Revenues 0 0 902769 Auxiliary Enterprises Revenues 0 0 18893 Academic Support Revenues 51037980 23212124 5980417 164883932 1 1 0 0 0 1 1 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 0 1 1 1 1 0 0 0 1 1 0 0 1 0 0 1 5387 1 0 0 0 0 0 10 8 1 0 1 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 PR X Alfonso Davila 7877510178 PO BOX 21345-1345 San Juan PR 009281345 Jose F Mendez Gonzalez 40 X X 520879 0 11530 Jose F Mendez Jr 40 X X 90971 4000 0 Florabel G Mullick 1 X 0 0 0 Antonio J Colorado 1 X 0 0 0 Jose Domingo Perez 1 X 0 0 0 Zoraida Fonalledas 1 X 0 0 0 Juan R Melecio 1 X 0 0 0 Victor R Hernandez 1 X 0 0 0 Felix Rodriguez Schmidt 1 X 0 0 0 Daneris Fernandez 1 X 0 0 0 Juan M Garcia Passalacqua 1 X 0 0 0 David Rive Power 1 X 0 0 0 Dennis Alicea Rodriguez 40 X 198792 0 6545 Alberto Maldonado Ruiz 40 X 189214 4000 4358 Alfonso Davila Silva 40 X 184181 0 7897 Federico Matheu Delgado 40 X 177564 0 3430 Jorge L Crespo Armaiz 40 X 158438 0 4749 Midgalia Torres Rivera 40 X 155525 0 5163 Francisco J Bartolomei 40 X 150668 0 6558 Jesus A Diaz Ortiz 40 X 146011 4000 0 Victoria de Jesus 40 X 145517 0 0 John Navarro Ferreira 40 X 137817 0 0 Margarita Torres Millan 40 X 123896 0 0 Luis Zayas Seijo 40 X 101209 4000 0 Sonia Davila Vazquez 40 X 185381 0 4506 Gladys Betacourt 40 X 150482 0 6726 Marcelino Rivera Lopez 40 X 144680 0 0 Roberto Loran Santos 40 X 135439 0 0 Carlos Padin Bibiloni 40 X 134366 0 0 3231030 16000 61462 38 0 1 0 St James Securities Services Inc 1604 Ponce de Leon Avenue Caribe Urb San Ju PR 00926 Security 2700437 National Building Maintenance 855 Hostos Avenue Ponce PR 007161105 Maintenance 2235181 BM Construction PO BOX 9297 Caguas PR 007269297 Construction 1926200 XPERT'S PO BOX 363062 San Juan PR 00936 Construction 1781454 BBDO Puerto Rico PO BOX 9400 San Juan PR 009089400 Advertising 1772539 74 0 0 0 0 40312362 0 55188 40312362 Tuition & Fees 611710 207422281 207422281 0 0 Auxiliary Enterprise 611710 902769 902769 0 0 Sistema TV 515100 786660 548391 0 238269 0 0 0 0 209111710 1610010 0 0 1610010 0 0 0 0 0 0 0 0 39675 0 6174 0 33501 0 33501 0 0 33501 8115272 0 7369385 0 745887 0 745887 0 0 745887 0 0 0 0 0 0 0 0 0 0 0 0 0 2500423 1566452 933971 0 0 933971 Continuing Education 611710 2823990 2823990 0 0 Miscellaneous Revenues 611710 2743861 2743861 0 0 F&A Recovery 611710 780208 780208 0 0 2000132 2038112 -37980 0 8348191 261095632 217259612 -37980 3561638 0 0 25396930 25396930 0 0 0 0 3070342 0 3070342 0 336949 194056 142893 0 92262813 80457095 11805718 0 4353109 3697348 655761 0 9890097 773302 9116795 0 9136493 8029600 1106893 0 0 0 0 0 1699973 0 1699973 0 214205 0 214205 0 0 0 0 0 0 0 358820 0 358820 0 13275082 9935816 3339266 0 3417981 120018 3297963 0 11050345 7516560 3533785 0 1522865 986636 536229 0 0 0 0 0 17668487 17134880 533607 0 2935809 1900039 1035770 0 24985 0 24985 0 5734794 4102499 1632295 0 4970099 0 4970099 0 0 0 0 0 14067016 0 14067016 0 1492284 1490119 2165 0 Bad Debt 3311475 144494 3166981 0 Other Expenses 1646387 380447 1265940 0 Production and Programming 1442863 1442863 0 0 Indirect Cost Recovery 783136 783129 7 0 Others 1890867 398101 1492766 0 231954206 164883932 67070274 0 0 0 15377635 11850763 2481160 2168070 1475157 708843 0 0 0 0 0 0 1577524 1492975 4124391 3857436 366713180 159396951 198789906 207316229 30729003 40180517 6156385 1169054 1925007 2389918 0 0 12662851 10484940 275299019 281618745 25523025 26474406 99940523 96907343 47310812 23581923 6182974 6916286 178957334 153879958 X 86059483 114984798 3371483 4652270 6910719 8101719 96341685 127738787 275299019 281618745 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 0 0 0 0 1 0 0 0 0 0 1216594 0 0 X X X X 0 38628717 317000 5575242 0 485476 393734 43641749 44520968 80000 -4868206 0 708426 395619 38628717 0.6 0.25 0.15 0 0 0 25829635 25829635 0 153755803 41148789 112607014 0 72460145 29172508 43287637 0 88563291 71729032 16834259 0 26104306 17346622 8757684 207316229 Investments - Other Securities 1169054 F 1169054 Program Related - Investments 2389918 F 2389918 Other Assets 10484940 10484940 0 Liability for Pension Benefits 6692063 Advances from Federal Goverment For Student Loans 224223 6916286 261095632 231954206 29141426 2211523 0 0 0 44154 2255677 31397103 242037912 2211523 0 0 -22521031 -20309508 262347420 358818 -1610606 -1251788 261095632 210640809 0 0 0 1566452 1566452 209074357 358818 22521031 22879849 231954206 SchD_P02_S00_L09 Schedule D, Part II, Line 9 The Institution does not have any conservation easements recorded on its books as of July 31, 2010. Therefore, there is no need for a disclosure in the financial statements related to conservation easements. However, the Institution owns (as of July 31, 2010) two properties (Land) that were donated to establish an environmental laboratory for UMET's Environmental studies shcool. They were recorded at the time of doantion at market value. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Museum and Center for Humanistic Studies (The Museum) has a collection of works of art totaling $1,216,594 as of July 31, 2010. The collection has approximately 3,200 registered objects in three major areas: Archaeology, Fine Arts, and Folk Arts. The Museum is dedicated to colelcting objects of the cultural heritage representative of the central and eastern regions of Puerto Rico. Also, the Museum collects works of art of national relevance that contribute to the understanding of our culture. One of SUAGM's mission is to enhance knowledge through excellence in education and to promote research, innocation and the iternationalization of its academic programs. The Museum mission is to collect, preserve, study, and dissseminate 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 mission complements that of SUAGM in that it enhances our students and the community's knowledge of their cultural heritage. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Institution's endowment has three components: Endowment, Quasi Endowment, and Scholarship Edowment. 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 edowment contains donor restricted funds, mainly for scholarships and funds related to the endowment challenge grant (Title III), 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 these grants initiated in the 1980's. Unrestricted funds are available for spending only by Board approval for administrative expenses (Investment Management Fees, etc.). and operational purposes. SchD_P10_S00_L00 Schedule D, Part X The Institution follows the guidance contained in ASC Topic 740-10-25, Accounting for Uncertainty in Income Taxes. ASC Topic 740-10-25 prescribes a recognition threshold and measurement attribute for financial statement 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 in its financial statements. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Property taxes: $6,174 + Unrelated business losses: $37,980 = $44,154 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships: $-22,521,031 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Property taxes $-6,174 Cost of Goods Sold $-1,566,452 Unrelated business losses $ -37,980 = $1,610,606 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Cost of Goods Sold: $1,566,452 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships: $22,521,031 1 1 1 The University is in compliance with the REV PROC 75-50. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Students at the three universities are eligible and receive grants from US and the Puerto Rican Government, mainly Title IV Funds from the Federal Department of Education (DE). Other Sources of financial aid for teacher training, studies in nursing, veterans, the disabled, among others, are provided through federal agencies (DE, DHHS, Etc.). Our students also receive financial aid in the form of loans through the Direct Loan Program and the Federal Family Educational Loan Program. Other sources of aid are available for specific academic programs, like science and mathematics, through the national science foundation and others. 1 1 Athletic Scholarship 3773 4245814 0 0 0 Educational Partnership 109 15252 0 0 0 Engineering Grants 1 600 0 0 0 Financial Need 31473 15671806 0 0 0 Institutional Support 3 40532 0 0 0 Participant Academic Achievement 1708 2963415 0 0 0 Honor Scholarship 698 901177 0 0 0 Prevention Incentive Grant 117 66656 0 0 0 Research Assistants 4 1012 0 0 0 Scholarship for Academics 448 297733 0 0 0 Scholarships from donations 385 384689 0 0 0 Science Scholarships 226 336210 0 0 0 Social, Behovioral and Ethics 21 13320 0 0 0 Strengthen the Academic 764 458714 0 0 0 SchI_P01_S00_L02 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 X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Jose F Mendez Gonzalez 324123 0 7167 0 189589 0 0 0 11530 0 532409 0 0 Dennis Alicea Rodriguez 184106 0 2946 0 11740 0 1993 0 4552 0 205337 0 0 Alberto Maldonado Ruiz 174182 4000 2529 0 12503 0 2540 0 1818 0 193572 4000 0 0 Alfonso Davila Silva 158913 4000 2005 0 23263 0 3150 0 4747 0 192078 4000 0 Federico Matheu Delgado 173600 0 2372 0 1592 0 0 0 3430 0 180994 0 0 Jorge L Crespo Armaiz 144568 0 1641 0 12229 0 3150 0 1599 0 163187 0 0 Midgalia Torres Rivera 130771 0 2186 0 22568 0 3150 0 2013 0 160688 0 0 0 Francisco J Bartolomei 133480 0 1740 0 15448 0 2982 0 3576 0 157226 0 0 0 Sonia Davila Vazquez 128669 0 49033 0 7679 0 2688 0 1818 0 189887 0 0 Gladys Betacourt 120056 0 21426 0 9000 0 3150 0 3576 0 157208 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a A) First Class or Charter Travel - The Institution's travel policy establishes that the President may travel first class and those University Officers that travel with the President on Official Business may travel in Business Class. Also, the Institution pays travel expenses in Business Class for the President and Vice-President of the Board when traveling 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 Companions - The President's spouse accompanies him at the Institution's expense when he travels on Official Business and so do the spuses of the Members of the Board and Officers on certain business activities. C) Housing Allowance or Residence for Personal Use - The Institution owns a property that is used as the President's residence. The rent market value of this property is classified and reported as part of the President's compensation. D) Payment for Business Use of Personal Residence - The President owns a property contiguous to the Institution's property provided as residence. The Institution covers expenses related to business activities at this property. E) Health and Social Club Dues or Initiation Fees - The Institution covers the cost of membership at local hotels to be used for activities and representation expenses by University Officers. F) Personal Services - The University covers the costs of a chauffer for the President and maid services at the President's residence. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Jose F. Méndez Gonzalez: Nonqualified- $12,000 Dennis Alicea Rodríguez: Nonqualified- $12,000 Alberto Maldonado Ruiz: Nonqualified- $12,000 Alfonso L. Dávila: Nonqualified- $12,000 Federico Matheu Delgado: Nonqualified- $12,000 Jorge L. Crespo Armaiz: Nonqualified- $12,000 Migdalia Torres Rivera: Nonqualified- $12,000 Francisco J. Bartolomei: Nonqualified- $12,000 Jesus A. Diaz Ortiz: Nonqualified- $12,000 Victoria de Jesus: Nonqualified- $12,000 John Navarro Ferreira: Nonqualified- $12,000 AFICA Bond 2006 690660050 745227EN0 2006-04-11 30450352 Acquisition and construction of educational facilities 0 0 30450352 1949750 0 0 580292 0 27920310 2006 0 0 1 1 0 1 0 0 0 0.0088 0 0.0088 1 0 0 0 1 Royal Bank of Canada 30 1 0 0 Jesus Diaz de Jesus Officer's Son 21285 Employment 0 Ileana Castro Rossello Chancellor's Spouse 25512 Employment 0 Victor Hernandez Garcilla Director's Son 19471 Employment 0 Carmen Rivera Lopez Dean's Sister 56982 Employment 0 Alejandro Gomez Betancourt Vicechancellor's Son 20000 Employment 0 Josselyn Gomez Betancourt Vice-chancellor's Daughter 25523 Employment 0 Andres Loran Instructor's Son 25223 Employment 0 Eileen Rodriguez Officer's Spouse 66195 Employment 0 Victoria Rodriguez President's Spouse 76517 Employment 0 BBDO Sistem TV Vice-president Spouse 1772539 Independent Contrator 0 Jorge L Rodriguez Malave Faculty Spouse 51050 Employment 0 Laura E Aponte Hernandez Officer's Spouse 31296 Employment 0 X Equipment 2 55188 Market Value of the Donated Equipment 0 0 0 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Jose F. Méndez Jr. ,Executive VP, and Jose F. Méndez Gozález ,President, have a Family Relationship. F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 The bylaws of the organization were amended by the Board of Directors as follows: 1) Article V, Section 2: The amendment changed the procedure for nomination and election of a board member. The procedure for electing a board member will be as follow: the candidate will result elected when the votes issued by the directors present in the meeting are at least eight (8) votes in favor and not four (4) or more votes against. 2) Article VI, Section 1: Board member composition and structure of permanent members amended. The Board members composition is as follow: up to thirtheen (13) members, which is divided in two classes, five (5) permanent directors and eight (8) elected directors. Permanent members will be replaced by new permanent members. The new permanent members will be nominated and elected by the three (3) current permanent members by majority vote. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The information required to complied form 990 was based on the Institution's Audited Consolidated 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 its Controller, and approved by the Vicepresident for Financial Affairs. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Board Members and Officers are required to annually complete a form to disclose conflicts of interet 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 Offices. The form is also administered to all employees and faculty that participate in federally funded projects. This process is administered by the Office of Human Resources. The policy is also discussed as part of the training program for new employees and at other activitites involving staff and faculty. A memorandum is distributed through the Insititution's internal communication to all the university's community to make them aware of the conflict of interest policy in force. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation Process for Top Officials - The compensation of the organization's President and Officers are reviewed by a consulting group which uses comparable data to determine if it is reasonable when compared to their industry. The results are then presented to the Board of Directors for their approval. F990_P06_S0C_L19 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 the Office of Financial Administration of Sponsored Programs website page and through the Office of Human Resources. Interim and Audited Financial Statements are routinely distributed to banks and creditors and are also available to the public upon request. AGMUS Holding Management Inc 176 Street KM 0 3 San Juan PR 00926 Leasing PR N/A Unrelated 867325 10427630 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 AGMUS Holding Management Inc j 645303 AGMUS Holding Management Inc o 110898 N/A