Civic Intelligence

Dewey University Inc.

990 • Fiscal year 2023 • EIN 66-0498051

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

0.55x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.74x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$110,808

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-14%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$41,079,713

Up $8,240,309 (+25%) from 2022

Net Assets

Up

$18,527,619

Up $1,661,542 (+9.9%) from 2022

Liabilities

Up

$22,552,094

Up $6,578,767 (+41%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin69th percentile

Revenue

Down

$12,963,948

Down $2,177,457 (-14%) from 2022

Expenses

Down

$11,302,406

Down $1,809,500 (-14%) from 2022

Net Income

Down

$1,661,542

Down $367,957 (-18%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2023

Assets$41,079,713
Liabilities$22,552,094
Net Assets$18,527,619
Open 2023 Filing

Operations Trend

Revenue Growth20th 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

2023

Revenue$12,963,948
Expenses$11,302,406
Net Income$1,661,542
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$12,963,948
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$23,901,443$23,542,169▼ $359,274
Cash and Non-Interest-Bearing Accounts$6,560,577$5,944,184▼ $616,393
Prepaid Expenses and Deferred Charges$261,657$282,113▲ $20,456
Accounts Receivable$192,992$246,847▲ $53,855
Total Assets$32,839,404$41,079,713▲ $8,240,309
Other Assets Total$1,922,735$11,064,400▲ $9,141,665
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,069,561$12,145,298▼ $1,924,263
Other Liabilities$50,940$9,448,510▲ $9,397,570
Accounts Payable and Accrued Expenses$1,852,826$958,286▼ $894,540
Total Liabilities$15,973,327$22,552,094▲ $6,578,767
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,866,077$18,527,619▲ $1,661,542
Total Net Assets Fund Balance$16,866,077$18,527,619▲ $1,661,542
Total Liabilities and Net Assets / Fund Balance$32,839,404$41,079,713▲ $8,240,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,020,208$3,542,203-
Other Land Buildings$930,963$6,134,726-
Land$4,072,268--
Equipment$4,789,414$6,893,917-
Leasehold Improvements$2,729,316$3,257,183-
Other Assets Org$6,534--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlos a QuionesPresidentFT$110,808$110,808
Yelitza FelicianoVice-presideFT$87,598$87,598
Glenis I Vlez OlivenciaHr Vice-presFT$74,897$74,897
Yesenia Carrion SanchezFinance DireFT$68,668$68,668
William Ubinas TaylorExternal ResFT$61,011$61,011
Mara Soto SimonettiAdm Dean-hatFT$57,748$57,748
Gilmarie Vale FigueroaBranch DirecFT$54,600$54,600
Mayra VillanovaFinancial AiFT$52,944$52,944
Amarilys Espada MirandaCompliance DFT$52,208$52,208
Viviana Torres AguilarBranch Dire-FT$51,190$51,190
Yesenia MachucaMarketing DiFT$47,812$47,812
Sahilys Guzman LandronAcademic DeaFT$46,333$46,333
Yolanda Morales WongBranch DirecFT$34,094$34,094
Marcos Cruz RiveraMis DirectorFT$22,100$22,100
Esthefany De La Cruz GarridoInfrastucturFT$21,186$21,186

Highest Paid Contractors

ContractorServicesLocationCompensation
Galindez LLCAccounting ServPO BOX 364152, San Juan, PR 00936-4152$113,676
Revenue and Support

Revenue Composition

Contributions and Grants
$2,391,070
Program Service Revenue
$8,308,482
Investment Income
$316,620
Other Revenue
$1,947,776
Change in Net Assets
$1,661,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,963,948
Total Revenue per Audited Statements
$12,963,948
Total Revenue per Form 990
$12,963,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,099,917
Salaries, Compensation, and Employee Benefits$5,202,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,562,476$1,219,746-$3,782,222
Occupancy$1,802,720$97,432-$1,900,152
Depreciation Depletion$1,329,614$71,862-$1,401,476
Current Officers, Directors, Trustees, and Key Employees$379,441$463,758-$843,199
Payroll Taxes$479,267--$479,267
Interest$434,972$23,509-$458,481
Fees for Services Other-$351,738-$351,738
Insurance-$259,563-$259,563
Advertising-$224,945-$224,945
Conferences and Meetings-$141,322-$141,322
Other Employee Benefits$1,204$96,597-$97,801
All Other Expenses$93,151--$93,151
Fees for Services Management-$64,220-$64,220
Other Expenses$62,373$10,429-$62,373
Fees for Services Legal-$25,050-$25,050
Travel$15,128--$15,128
Office Expenses-$6,899-$6,899
Total Functional Expenses$8,190,829$3,111,577$0$11,302,406

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,302,406
Total Expenses per Audited Statements$11,302,406
Total Expenses per Form 990$11,302,406
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$9,448,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos a Quiones
Formed
1986
Legal Domicile
Pr
Voting Board Members
8
Independent Board Members
4
Employees
311

Preparer

Firm
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 carolina, hato rey, juana diaz, manati, bayamon, and fajardo. 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.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2FINANCIAL AI
IRS990/Form990PartVIISectionAGrp/TitleTxt3HR VICE-PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXTERNAL RES
IRS990/Form990PartVIISectionAGrp/TitleTxt5COMPLIANCE D
IRS990/Form990PartVIISectionAGrp/TitleTxt6MARKETING DI
IRS990/Form990PartVIISectionAGrp/TitleTxt7ADM DEAN-HAT
IRS990/Form990PartVIISectionAGrp/TitleTxt8BRANCH DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt9BRANCH DIRE-
IRS990/Form990PartVIISectionAGrp/TitleTxt10ACADEMIC DEA
IRS990/Form990PartVIISectionAGrp/TitleTxt11MIS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12INFRASTUCTUR
IRS990/Form990PartVIISectionAGrp/TitleTxt13FINANCE DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt14BRANCH DIREC
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IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt0259563
IRS990/InterestGrp/ManagementAndGeneralAmt023509
IRS990/InterestGrp/ProgramServicesAmt0434972
IRS990/InterestGrp/TotalAmt0458481
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0316620
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0316620
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IRS990/LandBldgEquipCostOrOtherBssAmt043370198
IRS990/LegalDomicileStateCd0PR
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NON 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 COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012145298
IRS990/NetAssetsOrFundBalancesBOYAmt016866077
IRS990/NetAssetsOrFundBalancesEOYAmt018527619
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016866077
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt018527619
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt097432
IRS990/OccupancyGrp/ProgramServicesAmt01802720
IRS990/OccupancyGrp/TotalAmt01900152
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06899
IRS990/OfficeExpensesGrp/TotalAmt06899
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01922735
IRS990/OtherAssetsTotalGrp/EOYAmt011064400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt096597
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01204
IRS990/OtherEmployeeBenefitsGrp/TotalAmt097801
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MAINTENANCE SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025458
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129049
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210429
IRS990/OtherExpensesGrp/ProgramServicesAmt0471041
IRS990/OtherExpensesGrp/ProgramServicesAmt1366485
IRS990/OtherExpensesGrp/ProgramServicesAmt2192957
IRS990/OtherExpensesGrp/ProgramServicesAmt362373
IRS990/OtherExpensesGrp/TotalAmt0496499
IRS990/OtherExpensesGrp/TotalAmt1395534
IRS990/OtherExpensesGrp/TotalAmt2203386
IRS990/OtherExpensesGrp/TotalAmt362373
IRS990/OtherLiabilitiesGrp/BOYAmt050940
IRS990/OtherLiabilitiesGrp/EOYAmt09448510
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
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IRS990/OtherRevenueMiscGrp/BusinessCd2611710
IRS990/OtherRevenueMiscGrp/Desc0PAYCHECK PROTECTION PROGRAM
IRS990/OtherRevenueMiscGrp/Desc1INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01631764
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1300000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt216012
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01631764
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1300000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt216012
IRS990/OtherRevenueTotalAmt01947776
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01219746
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02562476
IRS990/OtherSalariesAndWagesGrp/TotalAmt03782222
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0479267
IRS990/PayrollTaxesGrp/TotalAmt0479267
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0261657
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0282113
IRS990/PrincipalOfficerNm0CARLOS A QUIONES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/Desc0FEDERAL STUDENTS AID
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08308482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08308482
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06264499
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-89826
IRS990/PYOtherExpensesAmt07738727
IRS990/PYOtherRevenueAmt0115857
IRS990/PYProgramServiceRevenueAmt08850875
IRS990/PYRevenuesLessExpensesAmt02029499
IRS990/PYSalariesCompEmpBnftPaidAmt05373179
IRS990/PYTotalExpensesAmt013111906
IRS990/PYTotalRevenueAmt015141405
IRS990/ReconcilationRevenueExpnssAmt01661542
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012963948
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011020208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03542203
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt014562411
IRS990ScheduleD/EquipmentGrp/BookValueAmt04789414
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06893917
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011683331
IRS990ScheduleD/ExpensesSubtotalAmt011302406
IRS990ScheduleD/LandGrp/BookValueAmt04072268
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04072268
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02729316
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03257183
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt05986499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09344783
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1612196
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2480000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3356672
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4264215
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt56534
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1GRANTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PROPERTY HELD FOR FUTURE USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEPOSITS FOR UTILITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FINANCE LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0930963
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06134726
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt07065689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09448510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATIONS UNDER CAPITAL LEASES
IRS990ScheduleD/RevenueSubtotalAmt012963948
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023542169
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011064400
IRS990ScheduleD/TotalExpensesPerForm990Amt011302406
IRS990ScheduleD/TotalLiabilityAmt09448510
IRS990ScheduleD/TotalRevenuePerForm990Amt012963948
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012963948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011302406
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/MaintainRacialCompRecsInd0false
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 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 COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CARLOS QUIONES ABSOLUTE COMMUNITY INVESTMENTS MAYRA VILANOVA FINANCIAL AID DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VICE-PRESIDENT REVIEWS THE RETURN BEFORE FILING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS VERIFIES AND APPROVES MOST OF THE CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 6, PART VI, LINE 2

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,079,713
Liabilities
$22,552,094
Net assets
$18,527,619
Revenue
$12,963,948
Expenses
$11,302,406
Net income
$1,661,542
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
2023Detailed filing. Detailed filing data is available for this year.$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
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