Sistema Universitario Ana G Mendez Incorporado
- Assets
- $369.2m
- Revenue
- $204.5m
- Investments
- $0.0
- Employees
- 3,563
- Location
- San Juan, PR
- Founding
- 02/1981
- Data as of
- 07/2023
- EIN
- 66-0201206
Organization Overview
Sistema Universitario Ana G Mendez Incorporado is located in San Juan, PR. The organization was established in 1981. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2023, Sistema Universitario Ana G Mendez Incorporado employed 3,563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sistema Universitario Ana G Mendez Incorporado 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 07/2023, Sistema Universitario Ana G Mendez Incorporado generated $204.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $195.1m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SISTEMA UNIVERSITARIO ANA G. MENDEZ INCORPORADO (SUAGM OR THE INSTITUTION) IS A PRIVATE, NONPROFIT, EDUCATIONAL INSTITUTION THAT OPERATES THREE EDUCATIONAL INSTITUTIONS (CUPEY CAMPUS, CAROLINA CAMPUS, GURABO CAMPUS) AND A NONCOMMERCIAL PUBLIC TELEVISION STATION (SISTEMA TV) IN PUERTO RICO. SUAGM PROMOTES CULTURAL, SOCIAL, ECONOMIC DEVELOPMENT, AND WELL-BEING OF THE PUERTORICAN SOCIETY. ALL INSTITUTIONS, COLLEGES, PROGRAMS OR SCHOOLS ESTABLISHED, DIRECTED AND SUPERVISED BY SUAGM WILL BE NON-SECTARIAN, COEDUCATIONAL, AND WILL NOT PERMIT DISCRIMINATION, ON THE BASIS OF RACE, GENDER, COLOR, NATIONAL ORIGIN, SOCIAL STATUS, PHYSCIAL OR MENTAL HANDICAP, NOR ON THE BASIS OF POLITICAL, RELIGIOUS OR SOCIAL BELIEFS.
Describe the Organization's Program Activity:
INSTRUCTION - THE INSTITUTION PROVIDES A COMPLETE INSTRUCTION PROGRAM, ALLOWING THE STUDENTS TO OBTAIN A HIGHER EDUCATION OF QUALITY. IT ALSO SUPPORTS ITS STUDENTS THROUGH ACTIVITIES OTHER THAN FORMAL INSTRUCTION THAT CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT SUCH AS: STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS AND OTHER. CAFETERIAS, PARKING, PRINTING SHOP ARE ALSO MADE AVAILABLE FOR THE BENEFIT OF STUDENTS, FACULTY AND STAFF.
OPERATING AND MAINTENANCE - THESE ARE THE EXPENDITURES INCURRED FOR ACTIVITIES TO PROVIDE SERVICES AND MAINTENANCE OF CAMPUS GROUNDS AND FACILITIES THAT ARE USED FOR EDUCATIONAL AND GENERAL PURPOSES. THESE INCLUDE: ENERGY, WATER AND ANY OTHER UTILITIES NECESSARY FOR THE OPERATION OF PLANT. IT ALSO INCLUDES CUSTODIAL AND JANITORIAL SERVICES FOR BUILDINGS, MAINTENANCE OF GROUNDS, DISASTER PREPAREDNESS, HAZARDOUS WASTE DISPOSAL, AND LOGISTICAL SERVICES SUCH AS CENTRAL RECEIVING.
STUDENT SERVICE - THESE ARE THE EXPENDITURES FOR ACTIVITIES OTHER THAN FORMAL INSTRUCTION THAT CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT SUCH AS: STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose F Mendez Mendez Director/president | OfficerTrustee | 31 | $960,918 |
Rafael Nadal Arcelay Legal Counselor | OfficerTrustee | 30 | $395,399 |
Rene A Soto Torres Board President | Trustee | 1 | $14,121 |
Herminio Martinez Director | Trustee | 1 | $6,359 |
Migdalia Torres Rivera Director | Trustee | 1 | $10,776 |
Wilfredo Cosme Ortiz Director | Trustee | 1 | $5,132 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luma Energy Utilities | 7/30/23 | $3,304,747 |
Glu Marketing | 7/30/23 | $2,893,804 |
Globe Executive Solutions Inc Security | 7/30/23 | $2,626,524 |
Constructora Rural Urbana (Cru) Construction | 7/30/23 | $2,258,568 |
Well Done Llc Maintenance | 7/30/23 | $2,134,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,998,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,644,953 |
| Total Program Service Revenue | $146,101,930 |
| Investment income | $1,969,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,774 |
| Net Gain/Loss on Asset Sales | $2,826,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $398,265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,504,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,644,721 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,047,288 |
| Compensation of current officers, directors, key employees. | $5,047,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,387,233 |
| Pension plan accruals and contributions | $763,536 |
| Other employee benefits | $11,081,866 |
| Payroll taxes | $7,544,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $509,968 |
| Fees for services: Accounting | $327,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,013 |
| Fees for services: Other | $22,807,840 |
| Advertising and promotion | $4,972,598 |
| Office expenses | $5,821,406 |
| Information technology | $2,432,810 |
| Royalties | $0 |
| Occupancy | $16,919,000 |
| Travel | $1,702,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,214,841 |
| Interest | $4,616,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,526,273 |
| Insurance | $3,344,412 |
| All other expenses | $0 |
| Total functional expenses | $195,126,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,016 |
| Savings and temporary cash investments | $3,476,574 |
| Pledges and grants receivable | $164,820 |
| Accounts receivable, net | $1,842,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,242 |
| Prepaid expenses and deferred charges | $2,109,284 |
| Net Land, buildings, and equipment | $237,142,413 |
| Investments—publicly traded securities | $81,313,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,670,907 |
| Total assets | $369,235,544 |
| Accounts payable and accrued expenses | $22,841,350 |
| 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 | $67,673,193 |
| Other liabilities | $17,490,674 |
| Total liabilities | $108,005,217 |
| Net assets without donor restrictions | $250,221,370 |
| Net assets with donor restrictions | $11,008,957 |
| 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 | $369,235,544 |
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 |