Civic Intelligence

Dewey University Inc.

990 • Fiscal year 2018 • EIN 66-0498051

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

PO Box 19538San Juan, PR 00910

(787) 753-0039

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.53x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

1.15x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

9th percentile

-17%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

11th percentile

$91,209

Higher top officer pay than 11% of similar nonprofits.

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

17th percentile

-4.9%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-24%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$26,864,599

Down $1,390,821 (-4.9%) from 2017

Net Assets

Down

$12,630,714

Down $2,148,101 (-15%) from 2017

Liabilities

Up

$14,233,885

Up $757,280 (+5.6%) from 2017

Revenue

Down

$12,416,648

Down $4,006,101 (-24%) from 2017

Expenses

Down

$14,564,749

Down $2,137,491 (-13%) from 2017

Net Income

Down

-$2,148,101

Down $1,868,610 (-669%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $36,744,758Liabilities 2010: $20,517,631Net Assets 2010: $16,227,1272010Assets 2011: $36,402,256Liabilities 2011: $16,473,907Net Assets 2011: $19,928,3492011Assets 2012: $37,037,457Liabilities 2012: $16,664,768Net Assets 2012: $20,372,6892012Assets 2013: $35,454,624Liabilities 2013: $14,507,181Net Assets 2013: $20,947,4432013Assets 2014: $29,279,393Liabilities 2014: $11,998,435Net Assets 2014: $17,280,9582014Assets 2015: $26,370,146Liabilities 2015: $11,300,567Net Assets 2015: $15,069,5792015Assets 2016: $27,212,721Liabilities 2016: $12,099,125Net Assets 2016: $15,113,5962016Assets 2017: $28,255,420Liabilities 2017: $13,476,605Net Assets 2017: $14,778,8152017Assets 2018: $26,864,599Liabilities 2018: $14,233,885Net Assets 2018: $12,630,7142018Assets 2019: $26,200,366Liabilities 2019: $14,153,093Net Assets 2019: $12,047,2732019Assets 2020: $27,285,134Liabilities 2020: $14,306,775Net Assets 2020: $12,978,3592020Assets 2021: $31,605,242Liabilities 2021: $16,768,664Net Assets 2021: $14,836,5782021Assets 2022: $32,839,404Liabilities 2022: $15,973,327Net Assets 2022: $16,866,0772022Assets 2023: $41,079,713Liabilities 2023: $22,552,094Net Assets 2023: $18,527,6192023Assets 2024: $39,498,406Liabilities 2024: $18,602,069Net Assets 2024: $20,896,3372024

Highlighted filing

2018

Assets$26,864,599
Liabilities$14,233,885
Net Assets$12,630,714

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $26,318,0702010Expenses 2011: $25,942,5162011Expenses 2012: $26,475,5502012Expenses 2013: $26,036,8732013Revenue 2014: $23,837,669Expenses 2014: $23,631,495Net Income 2014: $206,1742014Revenue 2015: $22,236,899Expenses 2015: $22,130,800Net Income 2015: $106,0992015Revenue 2016: $19,493,358Expenses 2016: $19,449,341Net Income 2016: $44,0172016Revenue 2017: $16,422,749Expenses 2017: $16,702,240Net Income 2017: -$279,4912017Revenue 2018: $12,416,648Expenses 2018: $14,564,749Net Income 2018: -$2,148,1012018Revenue 2019: $11,629,476Expenses 2019: $12,212,917Net Income 2019: -$583,4412019Revenue 2020: $12,068,486Expenses 2020: $11,137,400Net Income 2020: $931,0862020Revenue 2021: $14,746,448Expenses 2021: $11,691,580Net Income 2021: $3,054,8682021Revenue 2022: $15,141,405Expenses 2022: $13,111,906Net Income 2022: $2,029,4992022Revenue 2023: $12,963,948Expenses 2023: $11,302,406Net Income 2023: $1,661,5422023Revenue 2024: $14,291,618Expenses 2024: $11,922,900Net Income 2024: $2,368,7182024

Highlighted filing

2018

Revenue$12,416,648
Expenses$14,564,749
Net Income-$2,148,101
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$12,416,648
Mission and Program Overview

Mission

Non profit educational institution with ten facilities located in carolina, hato rey, juana diaz, manati, bayamon, and fajardo. The university is licensed by the pr general council and accredited by the accrediting bureau of health education schools (abhes). Also, the university has a program participation agreement with the us department of education.

Dewey university is a private non profit educational institution with ten educational facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,299,522$20,545,147▼ $754,375
Accounts Receivable$2,198,364$1,223,194▼ $975,170
Cash and Non-Interest-Bearing Accounts$88,326$1,116,709▲ $1,028,383
Total Assets$28,255,420$26,864,599▼ $1,390,821
Other Assets Total$4,669,208$3,979,549▼ $689,659
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,652,841$11,564,895▲ $912,054
Accounts Payable and Accrued Expenses$2,554,349$2,580,586▲ $26,237
Other Liabilities$269,415$88,404▼ $181,011
Total Liabilities$13,476,605$14,233,885▲ $757,280
Net Assets / Fund Balance
Unrestricted Net Assets$12,612,576$10,767,484▼ $1,845,092
Temporarily Rstr Net Assets$2,166,239$1,863,230▼ $303,009
Total Net Assets Fund Balance$14,778,815$12,630,714▼ $2,148,101
Total Liabilities and Net Assets / Fund Balance$28,255,420$26,864,599▼ $1,390,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,463,083$2,164,101-
Other Land Buildings$1,350,921$1,872,795-
Land$4,072,268--
Equipment$2,831,399$7,896,645-
Leasehold Improvements$2,827,476$2,238,050-
Other Assets Org$17,272--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carlos a QuionesPresidentFT$91,209$91,209
Miguel Rivera HernndezAcademic AffFT$67,796$67,796
Yelitza FelicianoVice-presideFT$65,691$65,691
William Ubinas TaylorExternal ResFT$64,523$64,523
Glenis I Vlez OlivenciaH.r Vice-preFT$63,894$63,894
Mara Soto SimonettiBranch DirecFT$48,600$48,600
Jaime Martir SantiagoControllerFT$44,168$44,168
Mayra VillanovaFinancial AiFT$40,837$40,837
Mara D Martnez RiveraDirector forFT$40,796$40,796
Magdalena VegaBranch DirecFT$39,060$39,060
Puggi Vzquez TorresMis DirectorFT$33,562$33,562
Yesenia MachucaBranch DirecFT$33,473$33,473
Georgina SolivanBranch DirecFT$18,764$18,764
Nereida NalesAcademic DirectorFT$17,895$17,895

Highest Paid Contractors

ContractorServicesLocationCompensation
Hosec EngineeringContractorPO BOX 1778, Guaynabo, PR 00970$855,095
Sky Green AcContractor1749 AVE JESUS T PINERO, San Juan, PR 00921$229,147
Revenue and Support

Revenue Composition

Contributions and Grants
$1,855,470
Program Service Revenue
$7,593,916
Investment Income
$65,456
Other Revenue
$2,901,806
Change in Net Assets
$-2,148,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,416,648
Total Revenue per Audited Statements
$12,416,648
Total Revenue per Form 990
$12,416,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,041,343
Salaries, Compensation, and Employee Benefits$6,523,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,005,269--$5,005,269
Occupancy$2,387,322--$2,387,322
Depreciation Depletion$1,235,491--$1,235,491
All Other Expenses$311,707$564,331-$876,038
Current Officers, Directors, Trustees, and Key Employees$301,620$368,648-$670,268
Payroll Taxes$297,590$363,723-$661,313
Interest$569,971--$569,971
Fees for Services Other-$307,259-$307,259
Other Expenses$832,803$215,541-$215,541
Other Employee Benefits$83,950$102,606-$186,556
Insurance-$176,269-$176,269
Fees for Services Legal-$60,533-$60,533
Fees for Services Accounting-$59,498-$59,498
Office Expenses-$49,569-$49,569
Advertising-$33,894-$33,894
Conferences and Meetings-$2,963-$2,963
Travel-$2,536-$2,536
Total Functional Expenses$11,025,723$3,539,026$0$14,564,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,564,749
Total Expenses per Audited Statements$14,564,749
Total Expenses per Form 990$14,564,749
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Capital Leases$88,404
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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 2

Carlos quiones absolute community investments mayra vilanova legal services

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

The vice-president reviews the return before filing it.

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

The board of directors verifies and approves most of the contracts.

Form 990, Page 6, Part VI, Line 19

The organization has the financial statements publish in the clearing house office. The conflict of interest policy is available for the public upon request.

Filing and Contact Details

Filer

Filer Name
Dewey University Inc
EIN
66-0498051
Phone
7877530039
Address
PO BOX 19538, SAN JUAN, PR 00910

Signing Officer

Name
Jaime Martir Santiago
Title
Controller
Phone
7877530039
Signed
2019-05-15

Organization Details

Principal Officer
Jaime Martir Santiago
Formed
1986
Legal Domicile
Pr
Voting Board Members
12
Independent Board Members
8
Employees
320

Preparer

Firm
Fpv & Galindez LLC
Address
PO BOX 364152, SAN JUAN, PR 00936-4152
Preparer
Kenneth Rivera-robles
Phone
7877254545
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Non profit educational institution with ten facilities located in san juan, bayamn, fajardo, yabucoa, arroyo, juana daz, hatillo, manat, carolina and naranjito. The university is licensed by the puerto rico general council and accredited by the accrediting council for independent colleges and schools (acics) agency. Also, the university has a program participation agreement with the us department of education.

Form 990, Page 5, Part V, Line 3B

The entity did not engage on unrelated business income during the tax year.

Form 990, Part V, Line 14B

The organization does not receive and do not plan to receive payments for indoor tanning services.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXTERNAL RES
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR FOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BRANCH DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt10MIS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BRANCH DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt12BRANCH DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt13ACADEMIC DIR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt01855470
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012416648
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0176269
IRS990/InsuranceGrp/TotalAmt0176269
IRS990/InterestGrp/ProgramServicesAmt0569971
IRS990/InterestGrp/TotalAmt0569971
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt065456
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt065456
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014171591
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021299522
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020545147
IRS990/LandBldgEquipCostOrOtherBssAmt034716738
IRS990/LegalDomicileStateCd0PR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NON PROFIT EDUCATIONAL INSTITUTION WITH TEN FACILITIES LOCATED IN SAN JUAN, BAYAMN, FAJARDO, YABUCOA, ARROYO, JUANA DAZ, HATILLO, MANAT, CAROLINA AND NARANJITO. THE UNIVERSITY IS LICENSED BY THE PUERTO RICO GENERAL COUNCIL AND ACCREDITED BY THE ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010652841
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011564895
IRS990/NetAssetsOrFundBalancesBOYAmt014778815
IRS990/NetAssetsOrFundBalancesEOYAmt012630714
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt02387322
IRS990/OccupancyGrp/TotalAmt02387322
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049569
IRS990/OfficeExpensesGrp/TotalAmt049569
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04669208
IRS990/OtherAssetsTotalGrp/EOYAmt03979549
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0102606
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt083950
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186556
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP & SUBSCRIPTION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0834244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1397412
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2215541
IRS990/OtherExpensesGrp/ProgramServicesAmt0832803
IRS990/OtherExpensesGrp/TotalAmt0834244
IRS990/OtherExpensesGrp/TotalAmt1832803
IRS990/OtherExpensesGrp/TotalAmt2397412
IRS990/OtherExpensesGrp/TotalAmt3215541
IRS990/OtherLiabilitiesGrp/BOYAmt0269415
IRS990/OtherLiabilitiesGrp/EOYAmt088404
IRS990/OtherRevenueMiscGrp/Desc0GAIN ON INSURANCE RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02901806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02901806
IRS990/OtherRevenueTotalAmt02901806
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05005269
IRS990/OtherSalariesAndWagesGrp/TotalAmt05005269
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0363723
IRS990/PayrollTaxesGrp/ProgramServicesAmt0297590
IRS990/PayrollTaxesGrp/TotalAmt0661313
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAIME MARTIR SANTIAGO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEDERAL STUDENTS AID
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07593916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07593916
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02617037
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-26680
IRS990/PYOtherExpensesAmt07175274
IRS990/PYProgramServiceRevenueAmt013832392
IRS990/PYRevenuesLessExpensesAmt0-279491
IRS990/PYSalariesCompEmpBnftPaidAmt09526966
IRS990/PYTotalExpensesAmt016702240
IRS990/PYTotalRevenueAmt016422749
IRS990/ReconcilationRevenueExpnssAmt0-2148101
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012416648
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09463083
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02164101
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt011627184
IRS990ScheduleD/EquipmentGrp/BookValueAmt02831399
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07896645
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010728044
IRS990ScheduleD/ExpensesSubtotalAmt014564749
IRS990ScheduleD/LandGrp/BookValueAmt04072268
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04072268
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02827476
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02238050
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt05065526
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02191381
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1892523
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2516828
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3297182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt464363
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt517272
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROPERTY HELD FOR FUTURE USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSITS FOR UTILITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4GRANTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5PREPAID EXPENSES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01350921
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01872795
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03223716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATIONS UNDER CAPITAL LEASES
IRS990ScheduleD/RevenueSubtotalAmt012416648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020545147
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03979549
IRS990ScheduleD/TotalExpensesPerForm990Amt014564749
IRS990ScheduleD/TotalLiabilityAmt088404
IRS990ScheduleD/TotalRevenuePerForm990Amt012416648
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012416648
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014564749
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE UNIVERSITY PARTICIPATES IN FEDERAL STUDENT FINANCIAL AID (SFA) PROGRAMS. FUNDS FROM SFA PROGRAMS FOR WHICH THE UNIVERSITY IS RESPONSIBLE FOR DETERMINING STUDENT ELIGIBILITY AND DISBURSING, ARE RECORDED AS REVENUE WHEN AWARDED TO STUDENTS. IN ADDITION, THE UNIVERSITY ACTS AS AN AGENT FOR CERTAIN SFA CLUSTER PROGRAMS. SINCE THESE ARE DIRECT GRANTS TO THE STUDENTS, THE UNIVERSITY DOES NOT INCLUDE THESE AMOUNTS AS REVENUES OR EXPENSES IN THE FINANCIAL STATEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NON PROFIT EDUCATIONAL INSTITUTION WITH TEN FACILITIES LOCATED IN SAN JUAN, BAYAMN, FAJARDO, YABUCOA, ARROYO, JUANA DAZ, HATILLO, MANAT, CAROLINA AND NARANJITO. THE UNIVERSITY IS LICENSED BY THE PUERTO RICO GENERAL COUNCIL AND ACCREDITED BY THE ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY DID NOT ENGAGE ON UNRELATED BUSINESS INCOME DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT RECEIVE AND DO NOT PLAN TO RECEIVE PAYMENTS FOR INDOOR TANNING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CARLOS QUIONES ABSOLUTE COMMUNITY INVESTMENTS MAYRA VILANOVA LEGAL SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VICE-PRESIDENT REVIEWS THE RETURN BEFORE FILING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS VERIFIES AND APPROVES MOST OF THE CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS THE FINANCIAL STATEMENTS PUBLISH IN THE CLEARING HOUSE OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE FOR THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART V, LINE 14B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ABSOLUTE COMMUNITY INVESTMENTS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0AVE BARBOSA 427
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SAN JUAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd000910
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.5$18.6$20.9$14.3$11.9$2.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$22.6$18.5$13.0$11.3$1.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$16.0$16.9$15.1$13.1$2.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.6$16.8$14.8$14.7$11.7$3.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$14.3$13.0$12.1$11.1$0.93
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$14.2$12.0$11.6$12.2$0.58
2018Detailed filing. Detailed filing data is available for this year.$26.9$14.2$12.6$12.4$14.6$2.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$13.5$14.8$16.4$16.7$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$12.1$15.1$19.5$19.4$0.04
2015Detailed filing. Detailed filing data is available for this year.$26.4$11.3$15.1$22.2$22.1$0.11
2014Detailed filing. Detailed filing data is available for this year.$29.3$12.0$17.3$23.8$23.6$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$14.5$20.9$26.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.0$16.7$20.4$26.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$16.5$19.9$25.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.7$20.5$16.2$26.3