Civic Intelligence

Dewey University Inc.

990 • Fiscal year 2021 • EIN 66-0498051

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileDEWEY.EDU
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

76th percentile

0.53x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

1.14x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

66th percentile

21%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

12th percentile

$91,208

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

22%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$31,605,242

Up $4,320,108 (+16%) from 2020

Net Assets

Up

$14,836,578

Up $1,858,219 (+14%) from 2020

Liabilities

Up

$16,768,664

Up $2,461,889 (+17%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin66th percentile

Revenue

Up

$14,746,448

Up $2,677,962 (+22%) from 2020

Expenses

Up

$11,691,580

Up $554,180 (+5.0%) from 2020

Net Income

Up

$3,054,868

Up $2,123,782 (+228%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

2021

Assets$31,605,242
Liabilities$16,768,664
Net Assets$14,836,578
Open 2021 Filing

Operations Trend

Revenue Growth63rd percentile

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

2021

Revenue$14,746,448
Expenses$11,691,580
Net Income$3,054,868
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$14,746,448
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 four educational facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,319,673$22,224,897▼ $94,776
Cash and Non-Interest-Bearing Accounts$426,170$6,663,954▲ $6,237,784
Accounts Receivable$1,092,130$527,138▼ $564,992
Prepaid Expenses and Deferred Charges-$188,289-
Total Assets$27,285,134$31,605,242▲ $4,320,108
Other Assets Total$3,447,161$2,000,964▼ $1,446,197
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,160,794$13,976,343▲ $2,815,549
Accounts Payable and Accrued Expenses$3,025,610$2,732,799▼ $292,811
Other Liabilities$120,371$59,522▼ $60,849
Total Liabilities$14,306,775$16,768,664▲ $2,461,889
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,794,672$14,836,578▲ $2,041,906
Net Assets With Donor Restrictions$183,687--
Total Net Assets Fund Balance$12,978,359$14,836,578▲ $1,858,219
Total Liabilities and Net Assets / Fund Balance$27,285,134$31,605,242▲ $4,320,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,725,255$2,965,548-
Other Land Buildings$798,611$2,041,902-
Land$4,072,268--
Equipment$4,446,813$9,170,105-
Leasehold Improvements$2,181,950$2,976,125-
Other Assets Org$83,067--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlos a QuionesPresidentFT$91,208$91,208
Yelitza FelicianoVice-presideFT$78,540$78,540
William Ubinas TaylorVP ExternalFT$68,462$68,462
Glenis I Vlez OlivenciaHr Vice-presFT$67,494$67,494
Rosimar Ferrer NievesFinance DireFT$59,155$59,155
Mara Soto SimonettiAdm Dean-hatFT$52,199$52,199
Amarilys Espada MirandaCompliance DFT$51,608$51,608
Brenda Liz SantosBranch Dire-FT$49,195$49,195
Mayra VillanovaFinancial AiFT$47,510$47,510
Viviana Torres AguilarBranch Dire-FT$46,171$46,171
Yesenia MachucaMarketing DiFT$44,576$44,576
Sahilys Guzman LandronAcademic DeaFT$42,654$42,654
Kevin Negron VazquezBranch DirecFT$26,079$26,079

Highest Paid Contractors

ContractorServicesLocationCompensation
Beta Electric CorpContractorCARR 852 KM 11 BO DOS BOCAS, Trujillo Alto, PR 00976$486,278
Revenue and Support

Revenue Composition

Contributions and Grants
$4,383,163
Program Service Revenue
$8,687,020
Investment Income
$55,122
Other Revenue
$1,621,143
Change in Net Assets
$3,054,868

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,746,448
Total Revenue per Audited Statements
$14,746,448
Total Revenue per Form 990
$14,746,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,516,387
Salaries, Compensation, and Employee Benefits$5,175,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,506,395$926,786-$3,433,181
Occupancy$1,534,292$82,925-$1,617,217
Depreciation Depletion$1,019,290$55,090-$1,074,380
Payroll Taxes$868,667--$868,667
Current Officers, Directors, Trustees, and Key Employees$326,185$398,666-$724,851
Interest$642,753$34,739-$677,492
All Other Expenses$250,445$188,605-$439,050
Insurance-$285,765-$285,765
Fees for Services Other-$238,919-$238,919
Other Expenses$407,884$227,928-$227,928
Other Employee Benefits$44,654$103,840-$148,494
Fees for Services Legal-$112,489-$112,489
Fees for Services Management-$72,742-$72,742
Conferences and Meetings-$62,574-$62,574
Advertising-$33,574-$33,574
Travel$13,392--$13,392
Office Expenses-$3,836-$3,836
Total Functional Expenses$8,231,216$3,460,364$0$11,691,580

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,691,580
Total Expenses per Audited Statements$11,691,580
Total Expenses per Form 990$11,691,580
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$59,522
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 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
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 financial aid director”

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
Carlos a Quiones
Title
President
Phone
7877530039
Signed
2022-05-16

Organization Details

Principal Officer
Carlos a Quiones
Formed
1986
Legal Domicile
Pr
Voting Board Members
4
Independent Board Members
8
Employees
306

Preparer

Firm
Galindez LLC
Address
PO BOX 364152, SAN JUAN, PR 00936-4152
Preparer
Lizmarie Cuevas
Phone
7877254545
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Non profit educational institution with four facilities located in carolina, hato rey, juana diaz and manati. The university is licensed by the pr 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 2, Part III, Line 3

“The institution provides program services through hybrid learning.”

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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/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt014746448
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0285765
IRS990/InsuranceGrp/TotalAmt0285765
IRS990/InterestGrp/ManagementAndGeneralAmt034739
IRS990/InterestGrp/ProgramServicesAmt0642753
IRS990/InterestGrp/TotalAmt0677492
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt055122
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055122
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017153680
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022319673
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022224897
IRS990/LandBldgEquipCostOrOtherBssAmt039378577
IRS990/LegalDomicileStateCd0PR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NON PROFIT EDUCATIONAL INSTITUTION WITH FOUR FACILITIES LOCATED IN CAROLINA, HATO REY, JUANA DIAZ AND MANATI. THE UNIVERSITY IS LICENSED BY THE PR 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/BOYAmt011160794
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013976343
IRS990/NetAssetsOrFundBalancesBOYAmt012978359
IRS990/NetAssetsOrFundBalancesEOYAmt014836578
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012794672
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014836578
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt082925
IRS990/OccupancyGrp/ProgramServicesAmt01534292
IRS990/OccupancyGrp/TotalAmt01617217
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03836
IRS990/OfficeExpensesGrp/TotalAmt03836
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03447161
IRS990/OtherAssetsTotalGrp/EOYAmt02000964
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0103840
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044654
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0148494
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP & SUBSCRIPTION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1577961
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3227928
IRS990/OtherExpensesGrp/ProgramServicesAmt0589846
IRS990/OtherExpensesGrp/ProgramServicesAmt127413
IRS990/OtherExpensesGrp/ProgramServicesAmt2407884
IRS990/OtherExpensesGrp/TotalAmt0621726
IRS990/OtherExpensesGrp/TotalAmt1605374
IRS990/OtherExpensesGrp/TotalAmt2429929
IRS990/OtherExpensesGrp/TotalAmt3227928
IRS990/OtherLiabilitiesGrp/BOYAmt0120371
IRS990/OtherLiabilitiesGrp/EOYAmt059522
IRS990/OtherRevenueMiscGrp/Desc0PAYCHECK PROTECTION PROGRAM
IRS990/OtherRevenueMiscGrp/Desc1EMPLOYEE RETENTION CREDIT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0965826
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1655317
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0965826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1655317
IRS990/OtherRevenueTotalAmt01621143
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0926786
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02506395
IRS990/OtherSalariesAndWagesGrp/TotalAmt03433181
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0868667
IRS990/PayrollTaxesGrp/TotalAmt0868667
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188289
IRS990/PrincipalOfficerNm0CARLOS A QUIONES
IRS990/PriorPeriodAdjustmentsAmt0-1196649
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEDERAL STUDENTS AID
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08687020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08687020
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02816762
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt087579
IRS990/PYOtherExpensesAmt06149692
IRS990/PYOtherRevenueAmt0996374
IRS990/PYProgramServiceRevenueAmt08167771
IRS990/PYRevenuesLessExpensesAmt0931086
IRS990/PYSalariesCompEmpBnftPaidAmt04987708
IRS990/PYTotalExpensesAmt011137400
IRS990/PYTotalRevenueAmt012068486
IRS990/ReconcilationRevenueExpnssAmt03054868
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014746448
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010725255
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02965548
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt013690803
IRS990ScheduleD/EquipmentGrp/BookValueAmt04446813
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09170105
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt013616918
IRS990ScheduleD/ExpensesSubtotalAmt011691580
IRS990ScheduleD/LandGrp/BookValueAmt04072268
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04072268
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02181950
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02976125
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt05158075
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0611610
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1592591
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2480000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3233696
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt483067
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EMPLOYEE RETENTION CREDIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PROPERTY HELD FOR FUTURE USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSITS FOR UTILITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4GRANTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0798611
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02041902
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt02840513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATIONS UNDER CAPITAL LEASES
IRS990ScheduleD/RevenueSubtotalAmt014746448
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022224897
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02000964
IRS990ScheduleD/TotalExpensesPerForm990Amt011691580
IRS990ScheduleD/TotalLiabilityAmt059522
IRS990ScheduleD/TotalRevenuePerForm990Amt014746448
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014746448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011691580
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 POLICY IS ON THE WEBPAGE IN THE ELECTRONIC CATALOG.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION - THE 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 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NON PROFIT EDUCATIONAL INSTITUTION WITH FOUR FACILITIES LOCATED IN CAROLINA, HATO REY, JUANA DIAZ AND MANATI. THE UNIVERSITY IS LICENSED BY THE PR 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 INSTITUTION PROVIDES PROGRAM SERVICES THROUGH HYBRID LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CARLOS QUIONES ABSOLUTE COMMUNITY INVESTMENTS MAYRA VILANOVA FINANCIAL AID DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VICE-PRESIDENT REVIEWS THE RETURN BEFORE FILING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS VERIFIES AND APPROVES MOST OF THE CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/EIN0660603905
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ABSOLUTE COMMUNITY INVESMENTS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0AVE BARBOSA 425
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SAN JUAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd000910
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,605,242
Liabilities
$16,768,664
Net assets
$14,836,578
Revenue
$14,746,448
Expenses
$11,691,580
Net income
$3,054,868
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
2021Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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