Civic Intelligence

Boricua College

EIN 51-0175975 • 501(c)3 • New York, NY

Profile

THE TYPICAL BORICUA STUDENT IS AN ADULT WITH A BILINGUAL AND BICULTURAL BACKGROUND WITH FAMILY AND EMPLOYMENT RESPONSIBILITIES. THE MISSION AND GOALS OF THE COLLEGE ARE THEREFORE ROOTED IN THREE PRINCIPLES OF INSTITUTIONAL IDENTITY (SEE SCHEDULE O FOR full mission DETAILS).

3755 BroadwayNew York, NY 10032

www.boricuacollege.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.25x

Higher debt load relative to assets than 41% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

1.33x

Higher debt load relative to revenue than 62% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$173,554

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

NTEE B • $25M-$50M nonprofits • Source year 2025

Asset Growth

15th percentile

-5.4%

Faster asset growth than 15% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

25th percentile

-1.0%

Faster revenue growth than 25% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$46,962,942

Down $12,423,602 (-21%) from 2022

Liabilities

Down

$11,897,892

Down $3,354,029 (-22%) from 2022

Net Assets

Down

$35,065,050

Down $9,069,573 (-21%) from 2022

Revenue

Down

$8,978,301

Down $332,637 (-3.6%) from 2022

Expenses

Down

$11,282,461

Down $1,555,109 (-12%) from 2022

Net Income

Up

-$2,304,160

Up $1,222,472 (+35%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $10,388,712Liabilities 2010: $5,812,633Net Assets 2010: $4,576,0792010Assets 2011: $35,506,035Liabilities 2011: $19,114,406Net Assets 2011: $16,391,6292011Assets 2012: $35,521,589Liabilities 2012: $18,806,997Net Assets 2012: $16,714,5922012Assets 2013: $34,596,773Liabilities 2013: $17,046,124Net Assets 2013: $17,550,6492013Assets 2014: $57,483,802Liabilities 2014: $27,675,673Net Assets 2014: $29,808,1292014Assets 2015: $55,529,321Liabilities 2015: $25,813,355Net Assets 2015: $29,715,9662015Assets 2016: $58,270,150Liabilities 2016: $25,909,743Net Assets 2016: $32,360,4072016Assets 2017: $57,560,107Liabilities 2017: $26,105,945Net Assets 2017: $31,454,1622017Assets 2018: $76,543,973Liabilities 2018: $20,611,811Net Assets 2018: $55,932,1622018Assets 2019: $72,241,712Liabilities 2019: $19,329,786Net Assets 2019: $52,911,9262019Assets 2020: $72,171,436Liabilities 2020: $20,828,445Net Assets 2020: $51,342,9912020Assets 2022: $59,386,544Liabilities 2022: $15,251,921Net Assets 2022: $44,134,6232022Assets 2025: $46,962,942Liabilities 2025: $11,897,892Net Assets 2025: $35,065,0502025

Highlighted filing

2025

Assets$46,962,942
Liabilities$11,897,892
Net Assets$35,065,050

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2010: $12,010,3592010Expenses 2011: $14,284,0332011Expenses 2012: $14,066,8402012Expenses 2013: $13,744,8492013Revenue 2014: $12,225,685Expenses 2014: $14,114,077Net Income 2014: -$1,888,3922014Revenue 2015: $13,075,090Expenses 2015: $13,727,426Net Income 2015: -$652,3362015Revenue 2016: $11,436,346Expenses 2016: $12,954,745Net Income 2016: -$1,518,3992016Revenue 2017: $11,746,316Expenses 2017: $12,666,067Net Income 2017: -$919,7512017Revenue 2018: $39,339,144Expenses 2018: $14,874,914Net Income 2018: $24,464,2302018Revenue 2019: $9,340,055Expenses 2019: $12,404,445Net Income 2019: -$3,064,3902019Revenue 2020: $10,144,788Expenses 2020: $11,592,619Net Income 2020: -$1,447,8312020Revenue 2022: $9,310,938Expenses 2022: $12,837,570Net Income 2022: -$3,526,6322022Revenue 2025: $8,978,301Expenses 2025: $11,282,461Net Income 2025: -$2,304,1602025

Highlighted filing

2025

Revenue$8,978,301
Expenses$11,282,461
Net Income-$2,304,160

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$11.9$35.1$8.98$11.3$2.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.4$15.3$44.1$9.31$12.8$3.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.2$20.8$51.3$10.1$11.6$1.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.2$19.3$52.9$9.34$12.4$3.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.5$20.6$55.9$39.3$14.9$24.5
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.6$26.1$31.5$11.7$12.7$0.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.3$25.9$32.4$11.4$13.0$1.52
2015Detailed filing. Detailed filing data is available for this year.$55.5$25.8$29.7$13.1$13.7$0.65
2014Detailed filing. Detailed filing data is available for this year.$57.5$27.7$29.8$12.2$14.1$1.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$17.0$17.6$13.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$18.8$16.7$14.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$19.1$16.4$14.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$5.81$4.58$12.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.2
Gross Receipts
$9,562,126
Mission and Program Overview

Mission

See schedule o for the full mission statement of boricua college.

Boricua College is committed to the principle that culture cannot be separated from education. Boricua aims to provide a solid foundation through individualized programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,709,915$45,744,384▼ $965,531
Accounts Receivable$441,744$372,414▼ $69,330
Savings and Temporary Cash Investments$1,126,036$222,967▼ $903,069
Pledges and Grants Receivable$154,233$199,623▲ $45,390
Prepaid Expenses and Deferred Charges$239,547$136,771▼ $102,776
Investments in Publicly Traded Securities$667,035$83,210▼ $583,825
Cash and Non-Interest-Bearing Accounts$95,239$41,640▼ $53,599
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$49,649,094$46,962,942▼ $2,686,152
Other Assets Total$215,345$161,933▼ $53,412
Liabilities
Unsecured Notes Loans Payable$10,394,510$10,394,510→ $0
Accounts Payable and Accrued Expenses$1,294,326$1,294,811▲ $485
Other Liabilities$461,881$177,018▼ $284,863
Deferred Revenue$129,167$31,553▼ $97,614
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,279,884$11,897,892▼ $381,992
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,047,348$34,387,728▼ $1,659,620
Net Assets With Donor Restrictions$1,321,862$677,322▼ $644,540
Total Net Assets Fund Balance$37,369,210$35,065,050▼ $2,304,160
Total Liabilities and Net Assets / Fund Balance$49,649,094$46,962,942▼ $2,686,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,872,824$8,527,111$53,399,935
Equipment$72,881$3,279,622$3,352,503
Other Land Buildings$31,357$2,539,032$2,570,389
Land$767,322-$767,322

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$75,000---$75,000
2023$75,000---$75,000
2022$75,000---$75,000
2021$75,000---$75,000
2020$75,000---$75,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victor G Alicea PhDPresidentFT$151,503$22,051$173,554
John GuzmanVP & Dean of Academic AffairsFT$74,919$20,957$95,876
Francia CastroVP for Human Resources and PerFT$74,919$20,061$94,980
Irving RamirezVP & Dean of Academic AffairsFT$72,611$20,279$92,890
Elias OyolaCFOFT$68,045$20,563$88,608

Board Members and Trustees

NameTitle
Elizabeth VelezChair, Development Committee
Maria OrtegaChair, Education Committee
Benito FernandezChairperson
Carlos J CuevasTrustee
Jessica ArochoTrustee
Jorge L BatistaTrustee
Jose R SanchezTrustee
Luis A GonzalezTrustee
Ralina M CardonaTrustee
Rita DiMartinoTrustee
Scott QuinteroTrustee
Suleika Cabrera DrinaneTrustee
A Paul BlanoSecretary/Treasuer

Highest Paid Contractors

ContractorServicesLocationCompensation
WithumSmithBrown PCAccounting services5 Vaughn Drive 201, Princeton, NJ 08540$114,416
Revenue and Support

Revenue Composition

Contributions and Grants
$1,175,377
Program Service Revenue
$7,544,153
Investment Income
$18,880
Other Revenue
$239,891
All Other Contributions
$5,200
Change in Net Assets
$-2,304,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,781,167
Revenue Not Reported on Financial Statements
$197,134
Revenue Not Reported on Form 990
$22,500
Other Revenue Adjustments
$197,134
Total Revenue per Audited Statements
$8,803,667
Total Revenue per Form 990
$8,978,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,724,566
Other Expenses$4,283,061
Grants and Similar Amounts Paid$274,834
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,013,048$599,767-$4,612,815
Depreciation Depletion$909,004$268,363-$1,177,367
Other Employee Benefits$951,435$194,674-$1,146,109
Occupancy$636,106$131,317-$767,423
Office Expenses$475,711$99,974-$575,685
Current Officers, Directors, Trustees, and Key Employees$196,068$345,669-$541,737
Other Expenses$187,197$353,897-$0
Payroll Taxes$292,988$74,494-$367,482
Insurance$228,065$110,060-$338,125
Grants to Domestic Individuals$274,834--$274,834
Fees for Services Other$160,000$69,409-$229,409
Travel$44,220$86,510-$130,730
Fees for Services Accounting-$114,416-$114,416
Information Technology-$105,684-$105,684
Pension Plan Contributions$48,871$7,552-$56,423
Conferences and Meetings$16,546$27,792-$44,338
Interest$36,404$7,722-$44,126
Advertising$15,434$14,622-$30,056
Fees for Services Legal-$4,181-$4,181
Total Functional Expenses$8,485,931$2,796,530$0$11,282,461

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,282,461
Total Expenses per Audited Statements$11,107,827
Expenses per Audited Statements$11,085,327
Expenses Not Reported on Financial Statements$197,134
Other Expense Adjustments$197,134
Expenses Not Reported on Form 990$22,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$177,018
Tenant Security Deposits$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, 11A - Review of Form 990

The form 990 is prepared by a CPA firm with professional experience in the completion of the form. it is then reviewed and approved by the School prior to submission to the Department of the Treasury.

Part VI, Section B, 12C - Conflict of Interest

The School has a conflict of interest policy, however, the policy is currently being reviewed and updated to include written annual disclosure by officers, directors and key employees as well as a more defined policy for monitoring and compliance.

Part VI, Section B, Line 15B - Compensation policy

the organization has a special committee which is responsible for hiring of executive officers. Compensation packages are established annually based on comparability and other factors.

Part VI, Section C, line 19 - Public availability of documents

The College makes the organizational documents available upon request.

Filing and Contact Details

Filer

Filer Name
Boricua College
EIN
51-0175975
In Care Of
% ELIAS OYOLA
Phone
2126941000
Address
3755 BROADWAY, NEW YORK, NY 10032

Signing Officer

Name
Victor Alicea
Title
President
Phone
2126941000
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Alicea
Formed
1974
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
197
Volunteers
13

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Catherine Bendall
Phone
7328281614
Supplemental Narrative

Additional Explanations

Part III, line 1 - Organization'S mission

The mission and goals of the College are rooted in three principles of institutional identity: As an institution founded by Puerto Ricans in New York City, Boricua College is dedicated to the principle of the inseparability of culture and education. - The College thus offers academic programs that aim to develop in students, personal learning competencies that take into consideration the educational, cultural and economic difficulties experienced by Puerto Ricans and other students underrepresented in higher education. - By focusing its learning activities on solutions to problems facing these communities, the College prepares students for effective community leadership. As a liberal arts institution, Boricua College's educational philosophy maintains that a liberal arts education means mastery of generic, intellectual, affective and psychomotor-behavioral skills necessary for lifelong learning about the environment. - That all knowledge about the environment is organized and described through the multiple disciplines of the social sciences, the natural sciences and the humanities. - That a liberal arts education is essential for participation in a democratic society. As a non-traditional institution, Boricua College is dedicated to a humanistic holistic approach to the education of its students, within the context of their culture and contemporary conditions. - It offers students the opportunity to design highly individualized and small group learning programs that may be pursued at their own pace to meet their own career goals. - Learning activities are not confined within college walls. Instead, they unite in creative ways, the experiences of the world of scholarship and the world of work and student progress is evaluated through multiple measures that reflect the diversity of student learning styles and goals.

Financial Statement Notes

Fin 48

The College is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been recorded in the statement of activities and change in net assets. The College had no unrecognized tax benefits at June 30, 2025. In addition, the College has no income tax related penalties or interest for the period reported.

Part XI line 4B and XII line 4B

scholarship expenses of $197,134 have been shown as a reduction of tuition income in the audited financial statements in accordance with US GAAP.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Boricua College is an independent, private, liberal arts and science, professional not-for-profit college. With three locations located in New York - Manhattan Campus, Bronx Campus and Brooklyn Campus. Boricua College enrolls approximately 500 full-time students in programs leading to Bachelor of Science, Bachelor of Arts, Master of Arts, and Master of Science degrees. Five Ways of Learning and Modes of Instruction In all its academic programs, Boricua College has a unique pattern of diversified modes of instruction and ways of learning implemented through five curricular areas. For most students, going to college means taking courses in an institution of higher education, attending lectures on various academic subjects such as history, physics, or math, and taking examinations on those subjects at the end of each term. At Boricua College, lecture-discussion courses constitute an excellent way for college students to master some kinds of information such as knowledge of specifics, methodology, and universal concepts and themes. Such "theoretical studies," however, are only one of five distinct ways in which students are educated and receive academic credit at Boricua. An explanation of each of the five modes of instruction and the way they are integrated into a singular program of student growth and development is described below. - Individualized Instruction: In the courses that use this mode of instruction and way of learning every student meets individually with their assigned full-time faculty member for one hour per week throughout the academic cycle to plan, implement and evaluate a program of learning determined by the curriculum, and designed to meet that student's educational needs and career aspirations. During the first two years, individualized instruction emphasizes the development of carefully identified generic intellectual skills required for the mastery of the basic principles of knowledge of the humanities, social sciences and natural sciences. During the next two years, individualized instruction takes on a more disciplinary character as the student is helped to develop the breadth and depth of intellectual skills and apply them in learning the concepts and literature of his/her field of specialization. In all these courses, a system of instructional modules, developed by the faculty are used as the primary text to guide instruction. - Colloquium: A second unique way of learning at Boricua involves the use of small-group colloquia comprising eight to ten students who meet once a week with their assigned full-time faculty to exchange, share, discuss, and evaluate ideas, issues and problems related to the learning program of the group members. A particular objective of the courses taught through colloquia in the first two years is the development of affective skills necessary for life-long learning and acquisition of knowledge. During the next two years the Colloquium takes on a more disciplinary character as students are helped to develop the breadth and depth of the affective skills and the values inherent in their fields of specialization. - Experiential Studies: This mode of learning involves carefully designed structured experiences of "learning by doing." It aims to develop students' awareness of how simple psychomotor skilled movements evolve into complex professional skills. In the students' first year they participate in structured field experiences under the guidance of their assigned full-time faculty to sharpen their sensory and perceptual awareness and observational skills. They continue on to courses that increase body sensory awareness, physical abilities and complex instrumental skills that integrate the psychomotor with cognitive skills. In the next two years and beyond, the student participates in carefully designed workshops, studio activities and supervised internships related to their academic disciplines and professional goals. - Theoretical Studies: A fourth set of courses lead the stude
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