Pontifical Catholic University Of Puerto Rico
- Assets
- $162.9m
- Revenue
- $84.6m
- Investments
- $0.0
- Employees
- 1,187
- Location
- Ponce, PR
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Pontifical Catholic University Of Puerto Rico employed 1,187 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 06/2022, Pontifical Catholic University Of Puerto Rico generated $84.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $84.1m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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 (CONTINUED ON SCHEDULE O).
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 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.
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 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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose A Frontera Agenjo Vice President Of Finance | Officer | 40 | $143,282 |
Luis V Badillo Lozano Dean Architecture School | Officer | 40 | $132,882 |
Jorge I Velez Arocho President | Officer | 40 | $129,491 |
Lillian Velazquez Zamora Business Adm Graduate Director | Officer | 40 | $108,262 |
Fernando Moreno Orama Dean Law School | Officer | 40 | $116,812 |
P Obispo Ruben Gonzalez Medina Vice President | Officer | 5 | $85,852 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gotay Construction Corp Construction | 6/29/22 | $503,297 |
St James Security Services Security | 6/29/22 | $939,121 |
Scott M Favre Public Adjuster Llc Consulting | 6/29/22 | $901,235 |
Risk Management Collection | 6/29/22 | $756,000 |
Aireko Construction Management Construction | 6/29/22 | $657,114 |
Gotay Construction Corp Construction | 6/29/22 | $503,297 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,216,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,567,622 |
| Total Program Service Revenue | $61,717,712 |
| Investment income | $2,261,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,982,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,564,750 |
| 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. | $716,581 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,735,003 |
| Pension plan accruals and contributions | -$150,378 |
| Other employee benefits | $4,857,913 |
| 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 | $6,375,079 |
| Advertising and promotion | $491,015 |
| Office expenses | $816,574 |
| Information technology | $1,729,946 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $99,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,481,367 |
| Insurance | $1,636,696 |
| All other expenses | $1,717,604 |
| Total functional expenses | $84,123,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,363,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,624,801 |
| Accounts receivable, net | $3,502,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,517 |
| Prepaid expenses and deferred charges | $2,484,578 |
| Net Land, buildings, and equipment | $65,428,929 |
| Investments—publicly traded securities | $54,413,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,953,252 |
| Total assets | $162,858,216 |
| Accounts payable and accrued expenses | $10,325,670 |
| 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 | $15,974,558 |
| Total liabilities | $26,300,228 |
| Net assets without donor restrictions | $129,665,955 |
| Net assets with donor restrictions | $6,892,033 |
| 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 | $162,858,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inter American University Of Puerto Rico San Juan, PR | $741,153,164 | $295,978,974 |
Sistema Universitario Ana G Mendez Incorporado San Juan, PR | $369,235,544 | $204,504,806 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $162,858,216 | $84,564,750 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $114,324,124 | $53,544,773 |
Universidad Central De Bayamon Inc Bayamon, PR | $29,673,743 | $9,371,871 |
Fundacion Tesoros De Amor Toa Baja, PR | $576,152 | $597,332 |