Civic Intelligence

Universidad Del Sagrado Corazon Inc

EIN 66-0207156 • 501(c)3 • San Juan, PR

Profile

The universidad del sagrado corazon (sagrado) is an independent, nonprofit, catholic university, committed to the education of the whole person through strong foundation in the liberal arts. Sagrado is part of puerto ricos oldest private, continuing educational project and is defined by a deeply held mission that reflects a double commitment to solidarity. The first part of the mission states that we seek to educate persons in intellectual freedom and moral conscience. Sagrado aims to educate persons, each in his or her own individuality and wholeness, to develop their own judgement and exercise their own ethical responsibility. The second part states that sagrado educates persons who are willing to participate in the construction of a more authentically christian puerto rican society, defined as a community of solidarity in justice and peace. Sagrados academic programs aim to achieve the mission of double solidarity within the context outlined by the vision of the world as the classro

PO Box 12383San Juan, PR 00914-0383

www.sagrado.edu

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.37x

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

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.61x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

53rd percentile

5.6%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$345,600

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

64th percentile

9.6%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

2.2%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$84,400,648

Up $7,409,847 (+9.6%) from 2024

Liabilities

Up

$31,299,953

Up $2,578,019 (+9.0%) from 2024

Net Assets

Up

$53,100,695

Up $4,831,828 (+10%) from 2024

Revenue

Up

$51,477,726

Up $1,084,544 (+2.2%) from 2024

Expenses

Up

$48,579,599

Up $479,640 (+1.0%) from 2024

Net Income

Up

$2,898,127

Up $604,904 (+26%) from 2024

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2021: $76,400,262Liabilities 2021: $41,160,463Net Assets 2021: $35,239,7992021Assets 2022: $72,736,478Liabilities 2022: $34,380,190Net Assets 2022: $38,356,2882022Assets 2023: $72,829,085Liabilities 2023: $30,071,720Net Assets 2023: $42,757,3652023Assets 2024: $76,990,801Liabilities 2024: $28,721,934Net Assets 2024: $48,268,8672024Assets 2025: $84,400,648Liabilities 2025: $31,299,953Net Assets 2025: $53,100,6952025

Highlighted filing

2025

Assets$84,400,648
Liabilities$31,299,953
Net Assets$53,100,695

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2021: $40,554,092Expenses 2021: $38,591,830Net Income 2021: $1,962,2622021Revenue 2022: $47,471,933Expenses 2022: $45,521,462Net Income 2022: $1,950,4712022Revenue 2023: $45,401,808Expenses 2023: $47,782,185Net Income 2023: -$2,380,3772023Revenue 2024: $50,393,182Expenses 2024: $48,099,959Net Income 2024: $2,293,2232024Revenue 2025: $51,477,726Expenses 2025: $48,579,599Net Income 2025: $2,898,1272025

Highlighted filing

2025

Revenue$51,477,726
Expenses$48,579,599
Net Income$2,898,127

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$64,506,879
Mission and Program Overview

Mission

The universidad del sagrado corazon (sagrado) is an independent, nonprofit, catholic university, committed to the education of the whole person through strong foundation in the liberal arts. Sagrado is part of puerto ricos oldest private, continuing educational project and is defined by a deeply held mission that reflects a double commitment to solidarity. The first part of the mission states that we seek to educate persons in intellectual freedom and moral conscience. Sagrado aims to educate persons, each in his or her own individuality and wholeness, to develop their own judgement and exercise their own ethical responsibility. The second part states that sagrado educates persons who are willing to participate in the construction of a more authentically christian puerto rican society, defined as a community of solidarity in justice and peace. Sagrados academic programs aim to achieve the mission of double solidarity within the context outlined by the vision of the world as the classro

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,262,638$44,715,597▲ $2,452,959
Investments in Publicly Traded Securities$25,036,647$22,482,620▼ $2,554,027
Cash and Non-Interest-Bearing Accounts$4,979,416$11,391,836▲ $6,412,420
Accounts Receivable$2,893,405$3,157,723▲ $264,318
Prepaid Expenses and Deferred Charges$760,991$996,565▲ $235,574
Inventories for Sale or Use$580,251$593,795▲ $13,544
Total Assets$76,990,801$84,400,648▲ $7,409,847
Other Assets Total$477,453$1,062,512▲ $585,059
Liabilities
Tax Exempt Bond Liabilities$13,755,373$12,734,913▼ $1,020,460
Accounts Payable and Accrued Expenses$6,409,507$6,969,283▲ $559,776
Other Liabilities$6,005,335$6,222,778▲ $217,443
Deferred Revenue$2,551,719$5,372,979▲ $2,821,260
Total Liabilities$28,721,934$31,299,953▲ $2,578,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,742,309$35,114,585▲ $3,372,276
Net Assets With Donor Restrictions$16,526,558$17,986,110▲ $1,459,552
Total Net Assets Fund Balance$48,268,867$53,100,695▲ $4,831,828
Total Liabilities and Net Assets / Fund Balance$76,990,801$84,400,648▲ $7,409,847

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,724,421$54,173,584$87,898,005
Equipment$6,785,530$29,883,111$36,668,641
Land$2,268,476-$2,268,476
Other Land Buildings$1,937,170-$1,937,170

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$25,036,647$615,355▲ $1,639,586$-4,808,968$22,482,620
2023$22,654,995$814,778▲ $2,090,451$-523,689$25,036,534
2022$21,613,015$887,906▲ $1,939,728$-5,448,074$22,654,995
2021$25,018,581$592,112▼ $3,196,695$-800,983$21,613,015
2020$23,332,199$218,085▲ $1,751,857$-283,560$25,018,581
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gilberto J Marxuach TorrosPresidentFT$300,000$45,600$345,600
Anuchka Ramos RuizProvostFT$147,500$22,350$169,850
Camelia C Fernandez RomeuVP Human ResFT$160,100-$160,100
Camelia C Fernandez RomeuVP Human Resources-$145,000$15,100$160,100
Raul Rosado PaganCIOFT$141,000$14,300$155,300
Karla J Aguirre AstacioCFOFT$124,267-$124,267
Antonio J Tejera RocafortCFOFT$122,423-$122,423
Miriam B Quintero CasanovaAux. VP - AcFT$116,100-$116,100
Nadjah L Negron CartagenaDean-sh&sFT$114,600-$114,600
Javier J Hernandez AcostaDean EadicFT$113,400-$113,400
Nadesha K Gonzalez NievesDean-schoolFT$113,400-$113,400
Dennis R Roman RoaDean BusinesFT$110,600-$110,600
Janine Marrero MontalvoDean of StudFT$109,234-$109,234
Pedro J Rodriguez AnadonVP OperationFT$105,427-$105,427
Elsamarie Vargas VazquezAssitant VPFT$95,600-$95,600
Maria J Colon PerezDirector NursingFT$90,600-$90,600
Militza Maldonado AgustyEx Director ProfFT$90,600-$90,600
Jose Lozano RiveraDean Stud AfFT$86,374-$86,374
Luis D Muoz MartinezVP - Comp. aFT$82,949-$82,949
Sandra R Pedraza TorresDean-sc GenFT$82,600-$82,600
Cassandra Vega RiveraVP-dev & UniFT$80,600-$80,600
Bianca Valdes FernandezAcad. LeaderFT$74,873-$74,873
Sara E Tolosa RamirezVP - Dev. &FT$73,950-$73,950
Joyce Martinez GonzalezVP Comm. OffFT$54,167-$54,167
Sandra I Santiago AlvaradoVP - OperatiFT$51,356-$51,356
Sandra Pomales CastroAssis. VP CoFT$37,500-$37,500
Arturo Ortiz MenesComptrollerFT$15,481-$15,481

Highest Paid Contractors

ContractorServicesLocationCompensation
Triple SInsurancePO BOX 71547, San Juan, PR 00936-8648$1,595,416
Raymond Rivera Guindin CspConstructionPO BOX 5863, Caguas, PR 00726$1,021,816
Antilles Cleaning Services INCCleaning ServPO BOX 362617, San Juan, PR 00936-2617$901,771
St James Security Services LLCSecurity ServicPO BOX 71547, San Juan, PR 00928-2827$701,015
Business IntelligenceIt SupportPO BOX 11991, San Juan, PR 00922-1991$668,469
Revenue and Support

Revenue Composition

Contributions and Grants
$7,951,890
Program Service Revenue
$41,042,864
Investment Income
$507,415
Other Revenue
$1,975,557
All Other Contributions
$973,324
Change in Net Assets
$2,898,127

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Food Inventory13$22,761
Other Non Cash Contri Table1$22,725
Total Noncash Contributions14$45,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,477,726
Revenue Not Reported on Form 990
$1,933,701
Total Revenue per Audited Statements
$53,411,427
Total Revenue per Form 990
$51,477,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,178,164
Other Expenses$22,369,398
Grants and Similar Amounts Paid$2,032,037
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,642,737$35,438-$16,678,175
Fees for Services Other$1,896,674$2,704,607-$4,601,281
Depreciation Depletion$2,340,067$1,423,306-$3,763,373
Current Officers, Directors, Trustees, and Key Employees-$3,298,084-$3,298,084
Grants to Domestic Individuals$2,032,037--$2,032,037
Payroll Taxes$1,507,852$288,026-$1,795,878
Other Employee Benefits$1,145,207$369,887-$1,515,094
Advertising$273,172$620,430-$893,602
Pension Plan Contributions-$890,933-$890,933
Other Expenses$707,689$169,528-$877,217
Insurance$514,874$327,369-$842,243
Interest-$609,825-$609,825
Fees for Services Legal-$35,355-$35,355
Total Functional Expenses$31,825,087$16,754,512$0$48,579,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$48,579,599
Total Expenses per Audited Statements$48,579,599
Total Expenses per Form 990$48,579,599
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pop Store$39,311---
Year End Campai$23,615---
Total Events$94,713---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Costs$6,222,778

Bond Issues

BondIssuerIssuedIssue PricePurpose
AAfica2012-12-12$23,330,000To provide funds, together with other available moneys, to (i) finance the acquisition, construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

Form 990, Page 6, Part VI, Line 7A

Pursuant to the university bylaws, the original sponsor of the university, the society of the sacred heart, appoints three of the trustees directly. Once appointed, these trustees have the same fiduciary duties as all the other trustees. The society retains no other roles in the governance of the university.

Form 990, Page 6, Part VI, Line 11B

The board of trustees uses a secure electronic platform to store and maintain governing documents (bylaws, regulations, corporate resolutions, and electronic voting ballots), meeting agendas, minutes and materials, and other relevant information of interest to the board members such as contact information. All board members have access to the secured platform. The form 990 was published in the secured platform, and board members received an electronic communication informing them that form 990 was available for review and comments prior to its filing. The board of trustees approved form 990.

Form 990, Page 6, Part VI, Line 12C

Officers, directors, trustees, and key employees are mandated to undergo an annual disclosure process, requiring them to divulge any interests that may potentially give rise to conflicts of interest. This annual disclosure is facilitated through the completion of a conflict-of-interest certificate. This duty extends to various members of the university community, including trustees, the university president, internal auditors, executive management, supervisors, employees contracted under federal, state, or private grants, and others. The monitoring of this process is assisted throughout the internal auditor role, who maintains custody of the conflict-of-interest certifications and any other related documentation. The internal auditor refers matters requiring evaluation to the general counsel or the conflict-of-interest evaluation committee. The general counsel and the conflict-of-interest evaluation committee are responsible to report the results of the evaluation and recommendations to the university president.

Form 990, Page 6, Part VI, Line 15A

The board of trustees reviews the presidents compensation annually pursuant to the universitys bylaws. The boards institutional governance committee reviews the presidents performance and reports its recommendations to the board. The review and decisions are documented in the minutes of the board and the institutional governance committee meetings.

Form 990, Page 6, Part VI, Line 15B

The compensation of officers, directors, and key employees is based on comparative data for the professional discipline in the market and with other higher education institutions in puerto rico.

Form 990, Page 6, Part VI, Line 18

Form 990 for fiscal year on june 30, 2025 is available at https://www.sagrado.edu/governance-institutional-disclosures/.

Form 990, Page 6, Part VI, Line 19

The conflict of interest policy is available at sagrados webpage at: https://mi.sagrado.edu/ics/docs_institucionales/ and in the internal portal. The bylaws and the certificate of incorporation are available at https://www.sagrado.edu/governance-institutional-disclosures/. The financial statements for fiscal year ending june 30, 2025 will be available at https://www.sagrado.edu/governance-institutional-disclosures/.

Filing and Contact Details

Filer

Filer Name
Universidad Del Sagrado Corazon Inc
EIN
66-0207156
Phone
7877281515
Address
PO BOX 12383, SAN JUAN, PR 00914-0383

Signing Officer

Name
Gilberto J Marxuach Torros
Title
President
Phone
7877281515
Signed
2025-11-17

Organization Details

Principal Officer
Gilberto J Marxuach Torros
Formed
1948
Legal Domicile
Pr
Voting Board Members
19
Independent Board Members
0
Employees
832

Preparer

Firm
Galindez LLC
Address
PO BOX 364152, SAN JUAN, PR 00936-4152
Preparer
Yelitza Lopez Rivera
Phone
7877254545
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The universidad del sagrado corazon (sagrado) is an independent, nonprofit, catholic university, committed to the education of the whole person through strong foundation in the liberal arts. Sagrado is part of puerto ricos oldest private, continuing educational project and is defined by a deeply held mission that reflects a double commitment to solidarity. The first part of the mission states that we seek to educate persons in intellectual freedom and moral conscience. Sagrado aims to educate persons, each in his or her own individuality and wholeness, to develop their own judgement and exercise their own ethical responsibility. The second part states that sagrado educates persons who are willing to participate in the construction of a more authentically christian puerto rican society, defined as a community of solidarity in justice and peace. Sagrados academic programs aim to achieve the mission of double solidarity within the context outlined by the vision of the world as the classroom and the human person as the center of the academic project. The programs pursue an integral education and solidary social impact. Sagrado is led by an independent board of trustees of community leaders. It is a student-centered tuition-driven teaching institution. For the academic year 2024-2025, sagrado had an undergraduate enrollment of 5,203 and a graduate enrollment of 637, for a combined total of 5,840 students. Most of the undergraduate students come from the middle and lower social-economic levels of puerto rican society.

Form 990, Page 2, Part III, Line 4A

We offer 31 undergraduate bachelors degrees and 9 graduate degree program within 5 academic programs: (a) the ferr rangel school of communication, (b) the school of arts, design and creative industries, (c) sagrado's business school, (d) the school of health and sciences, and (e) the general education school. At this time there are 59 minor concentrations. All of the undergraduate and graduate programs have been approved by the state licensing authority the board of postsecundary institutions (in spanish junta de instituciones postsecundarias) and the university is accredited by the middle states commission on higher education. Various academic programs also have their professional accreditation. Https://www.sagrado.edu/en/accreditations/.

Form 990, Page 2, Part III, Line 4B

Sagrado enhances students' academic experience with various co-curricular resources and facilities. The madre maria teresa guevara library is a modern learning commons offering research support, technology, and collaborative spaces for knowledge exchange aligned with general education. The communication center provides state-of-the-art facilities for hands-on learning in multimedia production, with resources accessible to the entire academic community. The center for collaborative innovation (neeuko) supports student entrepreneurship through an idea lab, fablab, and consulting services, emphasizing sustainable, impactful projects. The biology learning center (crab) is equipped with advanced labs and resources, enhancing science education. Element 360 and entremedios offer practical communication, marketing, and journalism training environments, connecting students with real clients and media platforms. The community liaison and art gallery engage students in community outreach and artistic expression, providing exhibition spaces. Specialized laboratories across campus include facilities for various disciplines, from language labs to advanced science, design, and multimedia studios. Multimedios and the teleradial unit offer real-world production experiences, allowing students to create content for multiple media outlets. Finally, the emilio s. Belaval theater and experimental theater support live performances, educational events, and student productions. This co-curricular ecosystem promotes practical learning, creativity, and community engagement across disciplines.

Form 990, Page 2, Part III, Line 4C

Sagrado offers comprehensive support services to foster students' academic and personal development. The athletic program supports men's and women's teams in sports such as volleyball, basketball, soccer, and swimming as part of the intercollegiate athletic league (lai), promoting physical, mental, and academic growth. Student advisory services include academic advising, which guides students on study plans, tutoring, internships, and financial aid; equity & accessibility, which provides individualized support for students requiring accommodations; financial counseling, which assists with budgeting, scholarships, and fafsa; career counseling, which prepares students for professional growth; and mobility advising, which supports student exchanges, study abroad, and includes a peace corps prep program. Student support programs such as pae, a federally funded trio initiative, offer counseling, academic support, and scholarships for over 600 eligible students. The abilities+ trio program serves students with disabilities, providing educational support, accommodations, and tutoring. The center for professional and international experiences (cepi) combines sagrado careers and sagrado international to offer career development and study-abroad opportunities. The sophia center is a faith-based center that promotes social justice, spiritual growth, and community engagement, offering theology, volunteerism, and psycho-spiritual support programs. Sagrado upholds inclusivity and does not require religious participation while respectfully honoring its catholic identity through expressions of faith and values.

Form 990, Page 2, Part III, Line 4D

The office of enrollment management provides financial assistance services, including counseling on state and federal financial aid programs. The sagrado scholarship program offers supplemental aid for study-related expenses not covered by pell grants, supporting students' academic, personal, and professional growth. This program includes continuity scholarships, annual scholarships, and the sagrado achievers honor & persistence incentive. Athletic scholarships support student-athletes who meet academic and athletic requirements, which can be combined with other scholarships. Sagrado provides multiple residence halls staffed 24/7 during academic terms, with accommodations available for students with functional diversity. Campus security maintains a safe environment by managing security protocols and emergency information. Parking permits are available for registered vehicles, with adherence to campus regulations. Operations manage dining options in the student center, barat sur cafeterias, and caf sagrado in the library. The pedagogical innovation unit supports faculty with instructional design, technology integration, and training in effective methodologies, offering collaborative workspaces. The integrated computing and technology unit also manages institutional systems and it resources.

Form 990, Part XI, Line 9

Minimum pension liability adjustment 323,490

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

Art pieces are maintained and exhibited throughout the facilities of sagrado.

Schedule D, Page 4, Part XI, Line 2D

Minimun pension liability adjustment 323,490

Schedule D, Page 4, Part XIII

Sagrado has 2 assets (chapel and the "portico" in the administration building) included in the 1983 registree of historic places collection.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DEAN-SH&S
IRS990/Form990PartVIISectionAGrp/TitleTxt8DEAN EADIC
IRS990/Form990PartVIISectionAGrp/TitleTxt9DEAN-SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt10DEAN BUSINES
IRS990/Form990PartVIISectionAGrp/TitleTxt11DEAN OF STUD
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSITANT VP

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