Sistema Universitario Ana G Mendez

“The institution does not have any conservation easements recorded on its books as of july 31,2024. Therefore, there is no need for a disclosure in the financial statements related to conservation of easements. However, the institution owns (as of july 3, 2024) two properties (land) that were donated to establish an environmental laboratory for cupey's campus environmental studies school. They were recorded at the time of donation at market value.”

“The gurabo's campus museum and center for humanistic studies (the museum) has a collection of works of art totaling $2,628,133 as july 31, 2024. The collection's object are categorized in three major areas: archeology, fine arts and folk arts. The museum collects objects of cultural heritage representative of puerto rico's central and eastern regions. Also, the museum collects works of arts of national relevance that contribute to the understanding of the puertorrican culture. The museum mission is to collect, preserve, study and disseminate the artistic and humanistic expression of our regional and national puerto rico culture for the enjoyment and benefit of the university community and the general public. Thus, the museum's mission complements that of suagm in that in enhances our students and the community's knowledge of their cultural heritage.”

“The institution's endowment has three components: endowment,; quasi endowment, and scholarships. Endowment funds are spent according to the spending policy, as established in the board of director's statements of investment policy, guidelines and objectives. The endowment contains donors restricted funds, mainly for scholarships and funds related to the endowment challenge grant (title iii program), that provided funds to the institution that were matched dollar per dollar and which principal is restricted for a period of twenty (20) years. Restrictions under the title iii program have been substantially completed, as theses grants initiated in the 1980's. Unrestricted funds are available for spending for administrative (investment management fees, among others) and operational expenses if approved by the board of directors.”

“The institution follows the guidance contained in asc topic 740-10-25. Accounting for uncertainly income taxes, asc 740-10-25 prescribes a recognition threshold and measurement attributable for financial statements recognition and measurement of a tax position taken or expected to be taken. Based upon its evaluation, the institution conclude that there are no significant uncertain tax position requiring recognition n its financial statements.”

“SCHOLARSHIPS -8,531,516.”

“Cogs -49,610. Income loss on investment subsidiary -1,659,348. Pension related changes other than net periodic cost 587,279.”

“COGS 49,610.”

“SCHOLARSHIPS 8,531,516.”