Pontifical Catholic University Of Puerto Rico
- Assets
- $161.1m
- Revenue
- $97.3m
- Investments
- $0.0
- Employees
- 1,244
- Location
- Ponce, PR
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 66-0191965
Organization Overview
Pontifical Catholic University Of Puerto Rico is located in Ponce, PR. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Pontifical Catholic University Of Puerto Rico employed 1,244 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pontifical Catholic University Of Puerto Rico is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Pontifical Catholic University Of Puerto Rico generated $97.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $61.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PONTIFICAL CATHOLIC UNIVERSITY OF PUERTO RICO AS AN UNIVERSITY AND CATHOLIC INSTITUTE, HAS THE MISSION TO CELEBRATE AND PROMOTE THE LIFE AND DIGNITY OF THE HUMAN PERSON AND EDUCATE, ACCORDING TO GOSPEL VALUES, IN THE DISCIPLINES OF THE CURRENT SCIENTIFIC KNOWLEDGE, TO BUILD A BETTER LOCAL AND GLOBAL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTSECONDARY EDUCATION - THE PONTIFICAL CATHOLIC UNIVERSITY OF PUERTO RICO IS AN INSTITUTION OF HIGHER EDUCATION. ITS MAIN PURPOSE IS TO SERVE PUERTO RICO AS A UNIVERSITY AND CATHOLIC INSTITUTION. THE UNIVERSITY AIMS AMONG OTHER THINGS: PROVIDE STUDENTS WITH THE OPPORTUNITY TO ACQUIRE A HUMANISTIC-CHRISTIAN FORMATION THAT WILL GUARANTEE THEIR PRESENCE IN SOCIETY AS CONSCIOUS MEMBERS OF HUMAN VALUES IN THE LIGHT OF THE MYSTERY OF CHRIST. CONTRIBUTE TO THE PREPARATION OF PERSONNEL FOR THE WORLD OF BUSINESS IN ORDER TO HELP CONSOLIDATE THE ECONOMY OF THE ISLAND. CONTRIBUTE TO THE CHRISTIAN EDUCATION OF LEADERS IN DIFFERENT PROFESSIONS IN ACCORDANCE WITH THE BELIEF OF THE ROMAN CATHOLIC CHURCH. SERVE ALL BELIEVERS IN PUERTO RICO BY BEING AN EFFECTIVE HELP IN SCHOOLS, COLLEGES, SEMINARIES AND CULTURAL CENTERS. TO SERVE AS GUIDE OF CATHOLIC CULTURE IN THIS COUNTRY. CONTRIBUTE TO THE PREPARATION OF PROFESSIONALS IN THE FIELD OF EDUCATION TO HELP ENRICH OUR EDUCATION SYSTEM. (10,175 STUDENTS)
SCHOLARSHIP PROGRAMS: TO PROVIDE THE STUDENTS WITH SPECIAL GRANT-AWARDS LIKE: ATHLETICS AWARDS, PARROQUIAL AWARDS, COOPERATIVE TEACHERS, EXTENDED FEES, HONOR STUDENTS, FATIMA BROTHER, CHORUS, RELIGIOUS TEACHING, SEMINARY STUDENTS, THEATER, WORKSHOP, ADOPTED SCHOOLS AND VARIOUS OTHER PROJECTS. (2,622 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose A Frontera Agenjo Vice President Of Finance And Administration | Officer | 40 | $154,942 |
Luis V Badillo Lozano Dean Architecture School | Officer | 40 | $133,032 |
Jorge I Velez Arocho President | OfficerTrustee | 40 | $129,491 |
Lilliam Velazquez Zamora Business Adm Graduate Program Director | Officer | 40 | $115,849 |
Fernando Moreno Orama Dean Law School | Officer | 40 | $111,710 |
P Obispo Ruben Gonzalez Medina Vice President | Trustee | 5 | $85,852 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St James Security Services Security Services | 6/29/21 | $568,563 |
Gotay Construction Construction | 6/29/21 | $393,300 |
Arquitectura Els Csp Design & Supervision | 6/29/21 | $266,023 |
Aireko Services & Instllation Generator Installation | 6/29/21 | $258,680 |
Fz Security Services Security Services | 6/29/21 | $224,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,302,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $605,666 |
| Noncash contributions included in lines 1a–1f | $382,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,908,581 |
| Total Program Service Revenue | $55,424,388 |
| Investment income | $780,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,156,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,269,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $777,148 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,668,985 |
| Pension plan accruals and contributions | $2,621,593 |
| Other employee benefits | $5,755,099 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,690,987 |
| Advertising and promotion | $807,818 |
| Office expenses | $1,784,135 |
| Information technology | $1,133,679 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $203,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,142,359 |
| Insurance | $1,567,200 |
| All other expenses | -$12,842,827 |
| Total functional expenses | $61,274,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,470,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,305,054 |
| Accounts receivable, net | $9,626,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,748 |
| Prepaid expenses and deferred charges | $3,260,147 |
| Net Land, buildings, and equipment | $59,402,883 |
| Investments—publicly traded securities | $60,902,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,729 |
| Total assets | $161,066,580 |
| Accounts payable and accrued expenses | $9,013,511 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,936,773 |
| Total liabilities | $24,950,284 |
| Net assets without donor restrictions | $129,206,034 |
| Net assets with donor restrictions | $6,910,262 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $161,066,580 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pontifical Catholic University Of Puerto Rico has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Educational Credit Management Corporation Minneapolis, MN PURPOSE: Project Success Emergency Aid | $15,000 |
Endowment Analysis
| Beg. Balance | $6,754,014 |
| Earnings | $156,248 |
| Ending Balance | $6,910,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Universidad Del Sagrado Corazon Inc San Juan, PR | $72,736,478 | $47,471,933 |
Carlos Albizu University San Juan, PR | $59,292,567 | $41,107,429 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $109,108,435 | $46,473,727 |
Fundacion Para El Desarollo Del Hogar Propio Inc Caguas, PR | $24,112,229 | $27,243,134 |
Edp University Of Pr Inc San Juan, PR | $26,458,514 | $28,833,873 |