Civic Intelligence

Boricua College

990 • Fiscal year 2023 • EIN 51-0175975

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 12, 2024

3755 BroadwayNew York, NY 10032

(212) 694-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.24x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

1.74x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$181,645

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Asset Growth

2nd percentile

-11%

Faster asset growth than 2% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-23%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Down

$52,572,386

Down $6,814,158 (-11%) from 2022

Net Assets

Down

$40,023,999

Down $4,110,624 (-9.3%) from 2022

Liabilities

Down

$12,548,387

Down $2,703,534 (-18%) from 2022

Revenue

Down

$7,204,029

Down $2,106,909 (-23%) from 2022

Expenses

Down

$11,901,807

Down $935,763 (-7.3%) from 2022

Net Income

Down

-$4,697,778

Down $1,171,146 (-33%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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 2023: $52,572,386Liabilities 2023: $12,548,387Net Assets 2023: $40,023,9992023Assets 2025: $46,962,942Liabilities 2025: $11,897,892Net Assets 2025: $35,065,0502025

Highlighted filing

2023

Assets$52,572,386
Liabilities$12,548,387
Net Assets$40,023,999

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 2023: $7,204,029Expenses 2023: $11,901,807Net Income 2023: -$4,697,7782023Revenue 2025: $8,978,301Expenses 2025: $11,282,461Net Income 2025: -$2,304,1602025

Highlighted filing

2023

Revenue$7,204,029
Expenses$11,901,807
Net Income-$4,697,778
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$15,756,082
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$48,672,743$47,633,894▼ $1,038,849
Investments in Publicly Traded Securities$8,930,622$2,817,064▼ $6,113,558
Pledges and Grants Receivable$528,976$537,398▲ $8,422
Cash and Non-Interest-Bearing Accounts$51,340$413,986▲ $362,646
Accounts Receivable$357,358$410,444▲ $53,086
Savings and Temporary Cash Investments$697,292$358,158▼ $339,134
Prepaid Expenses and Deferred Charges$131,368$132,685▲ $1,317
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$59,386,544$52,572,386▼ $6,814,158
Other Assets Total$16,845$268,757▲ $251,912
Liabilities
Unsecured Notes Loans Payable$10,394,510$10,394,510→ $0
Mortgage Notes Payable Secured by Investment Property$3,150,000$0▼ $3,150,000
Accounts Payable and Accrued Expenses$1,649,244$1,521,519▼ $127,725
Other Liabilities$53,793$502,512▲ $448,719
Deferred Revenue$4,374$129,846▲ $125,472
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$15,251,921$12,548,387▼ $2,703,534
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,850,570$38,722,080▼ $4,128,490
Net Assets With Donor Restrictions$1,284,053$1,301,919▲ $17,866
Total Net Assets Fund Balance$44,134,623$40,023,999▼ $4,110,624
Total Liabilities and Net Assets / Fund Balance$59,386,544$52,572,386▼ $6,814,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,685,046$6,345,024$53,030,070
Equipment$38,323$3,103,356$3,141,679
Other Land Buildings$143,203$2,475,634$2,618,837
Land$767,322-$767,322

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$75,000---$75,000
2021$75,000---$75,000
2020$75,000---$75,000
2019$75,000---$75,000
2018$75,000---$75,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victor G Alicea PhDPresidentFT$161,660$19,985$181,645
Irving RamirezVP & Dean of Academic AffairsFT$74,975$18,033$93,008
John GuzmanVP & Dean of Academic AffairsFT$74,307$18,643$92,950
Elias OyolaCFOFT$73,310$18,405$91,715
Francia CastroVP for Human Resources and PerFT$69,534$17,857$87,391
Moises PereyraVP & Dean of Academic AffairsFT$68,085$18,394$86,479

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bryan Cave Leighton Paisner LLPLegal Services1290 Avenue of the Americas 33rd F, New York, NY 10104$123,459
WithumSmithBrown PCaudit & accounting1411 Broadway 23rd Floor, New York, NY 10018$108,329
Revenue and Support

Revenue Composition

Contributions and Grants
$1,217,770
Program Service Revenue
$5,863,998
Investment Income
$-112,623
Other Revenue
$234,884
All Other Contributions
$37,047
Change in Net Assets
$-4,697,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,994,523
Revenue Not Reported on Financial Statements
$209,506
Revenue Not Reported on Form 990
$587,154
Other Revenue Adjustments
$151,404
Total Revenue per Audited Statements
$7,581,677
Total Revenue per Form 990
$7,204,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,258,980
Other Expenses$3,953,557
Grants and Similar Amounts Paid$689,270
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,330,615$726,639-$5,057,254
Depreciation Depletion$945,771$306,186-$1,251,957
Other Employee Benefits$867,840$195,603-$1,063,443
Grants to Domestic Individuals$689,270--$689,270
Occupancy$515,186$110,295-$625,481
Current Officers, Directors, Trustees, and Key Employees$102,885$475,992$0$578,877
Office Expenses$359,203$149,209-$508,412
Payroll Taxes$381,589$113,127-$494,716
Insurance$186,715$98,234-$284,949
Interest$189,044$19,187-$208,231
Travel$72,066$89,758-$161,824
Other Expenses$116,427$149,483-$116,427
Fees for Services Accounting-$101,500-$101,500
Information Technology-$95,721-$95,721
Fees for Services Legal-$67,056-$67,056
Pension Plan Contributions$56,801$7,889-$64,690
Fees for Service Investment Mgmnt Fees-$58,102-$58,102
Conferences and Meetings$22,396$16,920-$39,316
Fees for Services Other$583$35,294-$35,877
Advertising$23,480$7,882-$31,362
Total Functional Expenses$8,906,263$2,995,544$0$11,901,807

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,901,807
Expenses per Audited Statements$11,692,301
Total Expenses per Audited Statements$11,692,301
Expenses Not Reported on Financial Statements$209,506
Other Expense Adjustments$151,404
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
Right-of-use Asset Finance Liabilities$262,512
Tenant Security Deposits$240,000
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
No
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
2024-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Alicea
Formed
1994
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
10
Employees
193
Volunteers
10

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 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: - 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 in the context of higher education 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 student, 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.

Part III, line 4A - Program service accomplishments

Boricua 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

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, 2023. 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 $151,404 have been shown as a reduction of tuition income in the audited financial statements in accordance with US GAAP.

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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.0
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.0
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.0
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
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IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt019985
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118033
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt218643
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt318405
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt417857
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt518394
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Victor G Alicea PhD
IRS990/Form990PartVIISectionAGrp/PersonNm1Irving Ramirez
IRS990/Form990PartVIISectionAGrp/PersonNm2John Guzman
IRS990/Form990PartVIISectionAGrp/PersonNm3Elias Oyola
IRS990/Form990PartVIISectionAGrp/PersonNm4Francia Castro
IRS990/Form990PartVIISectionAGrp/PersonNm5Moises Pereyra
IRS990/Form990PartVIISectionAGrp/PersonNm6Benito Fernandez
IRS990/Form990PartVIISectionAGrp/PersonNm7A Paul Blano
IRS990/Form990PartVIISectionAGrp/PersonNm8Luis A Gonzalez
IRS990/Form990PartVIISectionAGrp/PersonNm9Elizabeth Velez
IRS990/Form990PartVIISectionAGrp/PersonNm10Suleika Cabrera Drinane
IRS990/Form990PartVIISectionAGrp/PersonNm11Ralina M Cardona
IRS990/Form990PartVIISectionAGrp/PersonNm12Jose R Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm13Maria Ortega
IRS990/Form990PartVIISectionAGrp/PersonNm14Carlos J Cuevas
IRS990/Form990PartVIISectionAGrp/PersonNm15Rita Dimartino
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0161660
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt174975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt274307
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt373310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt469534
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt568085
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP & Dean of Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP & Dean of Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt3CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP for Human Resources and Per
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP & Dean of Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary/Treasuer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0-400323
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt01180723
IRS990/GrantAmt0689270
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0689270
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0689270
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08151730
IRS990/GrossReceiptsAmt015756082
IRS990/GrossRentsGrp/RealAmt0226000
IRS990/GrossSalesOfInventoryAmt00
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt095721
IRS990/InformationTechnologyGrp/TotalAmt095721
IRS990/InsuranceGrp/ManagementAndGeneralAmt098234
IRS990/InsuranceGrp/ProgramServicesAmt0186715
IRS990/InsuranceGrp/TotalAmt0284949
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt019187
IRS990/InterestGrp/ProgramServicesAmt0189044
IRS990/InterestGrp/TotalAmt0208231
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0287700
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0287700
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08930622
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02817064
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011924014
IRS990/LandBldgEquipBasisNetGrp/BOYAmt048672743
IRS990/LandBldgEquipBasisNetGrp/EOYAmt047633894
IRS990/LandBldgEquipCostOrOtherBssAmt059557908
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08552053
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O FOR THE FULL MISSION STATEMENT OF BORICUA COLLEGE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03150000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt044134623
IRS990/NetAssetsOrFundBalancesEOYAmt040023999
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-400323
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-400323
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0226000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0226000
IRS990/NetUnrlzdGainsLossesInvstAmt0587154
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt042850570
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt038722080
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0110295
IRS990/OccupancyGrp/ProgramServicesAmt0515186
IRS990/OccupancyGrp/TotalAmt0625481
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0149209
IRS990/OfficeExpensesGrp/ProgramServicesAmt0359203
IRS990/OfficeExpensesGrp/TotalAmt0508412
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016845
IRS990/OtherAssetsTotalGrp/EOYAmt0268757
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0195603
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0867840
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01063443
IRS990/OtherExpensesGrp/Desc0GRADUATION
IRS990/OtherExpensesGrp/Desc1MISC
IRS990/OtherExpensesGrp/Desc2UNCOLLECTIBLE ACCOUNTS
IRS990/OtherExpensesGrp/Desc3GRANT FUNDS RETURNED
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070965
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1100502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2149483
IRS990/OtherExpensesGrp/ProgramServicesAmt046392
IRS990/OtherExpensesGrp/ProgramServicesAmt1116427
IRS990/OtherExpensesGrp/TotalAmt070965
IRS990/OtherExpensesGrp/TotalAmt1146894
IRS990/OtherExpensesGrp/TotalAmt2149483
IRS990/OtherExpensesGrp/TotalAmt3116427
IRS990/OtherLiabilitiesGrp/BOYAmt053793
IRS990/OtherLiabilitiesGrp/EOYAmt0502512
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08884
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08884
IRS990/OtherRevenueTotalAmt08884
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0726639
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04330615
IRS990/OtherSalariesAndWagesGrp/TotalAmt05057254
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0113127
IRS990/PayrollTaxesGrp/ProgramServicesAmt0381589
IRS990/PayrollTaxesGrp/TotalAmt0494716
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07889
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt056801
IRS990/PensionPlanContributionsGrp/TotalAmt064690
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0528976
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0537398
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0131368
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0132685
IRS990/PrincipalOfficerNm0Victor Alicea
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1APPLICATION FEES AND OTHER INCOME

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2023Detailed filing. Detailed filing data is available for this year.$52.6$12.5$40.0$7.20$11.9$4.70
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • NTEE B42Z • $50M-$100M nonprofits