Universidad Del Sagrado Corazon Inc is located in San Juan, PR. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Universidad Del Sagrado Corazon Inc employed 701 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universidad Del Sagrado Corazon Inc 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, Universidad Del Sagrado Corazon Inc generated $47.5m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $45.5m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 2 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 UNIVERSIDAD DEL SAGRADO CORAZON (SAGRADO) IS AN INDEPENDENT, NONPROFIT, CATHOLIC UNIVERSITY, COMMITTED TO THE EDUCATION OF THE WHOLE PERSON THROUGH STRONG FOUNDATION IN THE LIBERAL ARTS. SAGRADO IS PART OF PUERTO RICOS OLDEST PRIVATE, CONTINUING EDUCATIONAL PROJECT AND IS DEFINED BY A DEEPLY HELD MISSION THAT REFLECTS A DOUBLE COMMITMENT TO SOLIDARITY. THE FIRST PART OF THE MISSION STATES THAT WE SEEK TO EDUCATE PERSONS IN INTELLECTUAL FREEDOM AND MORAL CONSCIENCE. SAGRADO AIMS TO EDUCATE PERSONS, EACH IN HIS OR HER OWN INDIVIDUALITY AND WHOLENESS, TO DEVELOP THEIR OWN JUDGEMENT AND EXERCISE THEIR OWN ETHICAL RESPONSIBILITY. THE SECOND PART STATES THAT SAGRADO EDUCATES PERSONS WHO ARE WILLING TO PARTICIPATE IN THE CONSTRUCTION OF A MORE AUTHENTICALLY CHRISTIAN PUERTO RICAN SOCIETY, DEFINED AS A COMMUNITY OF SOLIDARITY IN JUSTICE AND PEACE. SAGRADOS ACADEMIC PROGRAMS AIM TO ACHIEVE THE MISSION OF DOUBLE SOLIDARITY WITHIN THE CONTEXT OUTLINED BY THE VISION OF THE WORLD AS THE CLASSRO
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER 29 UNDERGRADUATE BACHELORS DEGREES AND 9 GRADUATE DEGREE PROGRAMS WITHIN 5 ACADEMIC PROGRAMS: (A) THE FERR RANGEL SCHOOL OF COMMUNICATION, (B) THE SCHOOL OF ARTS, DESIGN AND CREATIVE INDUSTRIES, (C) THE BUSINESS ADMINISTRATION DEPARTMENT, (D) THE GENERAL EDUCATION UNIT, AND (E)THE SCHOOL OF HEALTH AND SCIENCES. AT THIS TIME THERE ARE 42 MINOR CONCENTRATIONS THROUGHOUT ALL 5 ACADEMIC UNITS. ALL OF THE UNDERGRADUATE AND GRADUATE PROGRAMS HAVE BEEN APPROVED BY THE STATE LICENSING AUTHORITY THE BOARD OF POSTSECUNDARY INSTITUTIONS (IN SPANISH JUNTA DE INSTITUCIONES POSTSECUNDARIAS) AND THE UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. VARIOUS ACADEMIC PROGRAMS ALSO HAVE THEIR PROFESSIONAL ACCREDITATION. HTTPS://WWW.SAGRADO.EDU/EN/ACCREDITATIONS/.
SAGRADO OFFERS A CO-CURRICULAR EXPERIENCE THAT SUPPORTS THE STUDENTS CURRICULAR AND ACADEMIC PROGRAM SUCH AS: COLLABORATIVE INNOVATION CENTER (NEEUKO) IS A MULTIDISCIPLINARY SPACE THAT PROVIDES ACCESS TO DESIGN AND INNOVATION TOOLS AND SERVICES TO STUDENTS AND MEMBERS OF THE SURROUNDING COMMUNITIES. ITS FOCUS IS TO PROMOTE THE DEVELOPMENT OF IDEAS, PROJECTS AND BUSINESSES AND CONTRIBUTE TO THE AREAS OF ECONOMIC GROWTH. ELEMENTO 360 IS A STUDENT-RUN COMMUNICATION FIRM THAT PROVIDES PROFESSIONAL COMMUNICATION, MARKETING, AND PRODUCTION SERVICES TO CLIENTS SUCH AS NON- PROFIT ORGANIZATIONS, AND SMALL AND MEDIUM ENTERPRISES (PYMES). ENTREMEDIOS IS A STUDENT-RUN CONTENT-GENERATING SPACE THAT PROVIDES A HANDS-ON LEARNING EXPERIENCE FOR STUDENTS THROUGH THE PRODUCTION OF JOURNALISTIC MATERIAL TO BE PUBLISHED IN PUERTO RICOS LOCAL MEDIA AND OTHER INDEPENDENT MEDIA. SAGRADO INTERNATIONAL PROVIDES STUDENTS THE OPPORTUNITY TO STUDY ABROAD THROUGH DIFFERENT TYPES OF PROGRAMS THAT VARY IN DURATION AND CONTENT. ART GALLERY OFFERS ITS EXHIBITION SPACE TO STUDENTS, PROFESSIONAL ARTISTS, ART TEACHERS, AND EMERGING ARTISTS FROM THE COMMUNITY. STUDIO OF CREATIVE TECHNOLOGIES (STUDIO LAB) IS A LABORATORY AND DIGITAL PRODUCTION CENTER DESIGNED TO CREATE 3D ANIMATION, VISUALIZATION AND IMMERSIVE MEDIA FOR MULTIPLE USES AND PURPOSES. THE SOFIA CENTER PROVIDES STUDENTS WITH OPPORTUNITIES WITH SERVICE LEARNING AND VOLUNTEER SERVICES. THE LANGUAGE LAB SUPPORTS STUDENTS IN STRENGHTHENING THEIR ORAL AND WRITTEN COMMUNICATION SKILLS IN SPANISH AND ENGLISH THROUGH THE SERVICES OF A WRITING CENTER, LAB SESSIONS AND TUTORING.
SAGRADO OFFERS A VARIETY OF SUPPORT SERVICES GEARED TOWARDS FACILITATION THE APPROPRIATE ACADEMIC AND PERSONAL DEVELOPMENT OF STUDENTS. THE OFFICE OF INTEGRATED ASSISTANCE OFFERS SERVICES RELATED TO STATE AND FEDERAL FINANCIAL AID PROGRAMS. INSTITUTIONAL AND PRIVATE SCHOLARSHIPS SEEK TO SUPPORT ELIGIBLE STUDENTS WHO ARE COMMITTED TO THEIR STUDIES. AMONG OTHERS, WE OFFER THE FOLLOWING INSTITUTIONAL SCHOLARSHIPS HTTPS://WWW.SAGRADO.EDU/BECAS-SAGRADO/ ATHLETIC SCHOLARSHIPS AVAILABLE TO ELIGIBLE STUDENTS WHO MEET ADMISSION STANDARDS TO COVER ALL OR PART OF THE EXPENSES ASSOCIATED WITH HIS/HER STUDIES. THE EXCEPTIONAL STUDENT FUND IS A PROGRAM BY WHICH AN INDIVIDUAL OR BUSINESS PROVIDES SUBSTANTIAL FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM. THE GOAL OF THIS PROGRAM IS TO SUPPORT THE ACADEMIC EXCELLENCE AND LEADERSHIP OF THOSE STUDENTS WHO HAVE SIGNIFICANT FINANCIAL NEED TO COVER THE COSTS OF THE STUDIES. THE SAGRADO ACHIEVERS PROGRAM PROVIDES FINANCIAL SUPPORT FOR SO THAT STUDENTS CAN COMPLETE THEIR UNIVERSITY STUDIES WITHIN THE TIME ESTABLISHED IN THEIR STUDY PLAN. SAGRADO NURSING ACHIEVERS PRIMARY-CARE PROGRAM PROVIDES AN EDUCATIONAL OPPORTUNITY SCHOLARSHIP TO STUDENTS WHO ARE INTERESTED IN COMPLETING A NURSING CAREER IN A FACE-TO-FACE PROGRAM AND WHO COME FROM ECONOMICALLY DISADVANTAGED BACKGROUNDS. PRIVATE SCHOLARSHIPS PROVIDES FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM IN A GIVEN DISCIPLINE. THE PROFESSIONAL AND INTERNATIONAL EXPERIENCES CENTER OFFERS SERVICES THAT CONTRIBUTE TO THE STUDENTS' PROFESSIONAL DEVELOPMENT AND PLACEMENT AND INCREASE THEIR EMPLOYABILITY BY INTEGRATING RELEVANT WORK EXPERIENCES AND INTERNATIONAL PERSPECTIVES WITH THEIR ACADEMIC TRAINING. STUDENT ADVISORY SERVICES HAS A TEAM OF ADVISORS WHO SUPPORT STUDENTS TO ACHIEVE THEIR ACADEMIC AND PROFESSIONAL GOALS THROUGH EVALUATION, ANALYSIS AND THE SEARCH FOR OPPORTUNITIES FOR DEVELOPMENT. AMONG THE SERVICES AVAILABLE ARE ACADEMIC ADVISORS, CAREER ADVISORS, AND FINANCIAL ADVISORS. SOFIA CENTER PROVIDES PSYCHO-SPIRITUAL ACCOMPANIMENT SERVICES TO STUDENTS AND CONTRIBUTES TO THE FORMATION OF LEADERS THROUGH EXPERIENCES AND PROGRAMS FOCUSED ON SOCIAL ACTION, SERVICE LEARNING, AND VOLUNTEERING, AND PROJECTS DIRECTED TO THE DIALOGUE BETWEEN THEOLOGY AND THE DIFFERENT SCIENTIFIC AND HUMANISTIC DISCIPLINES.
THE OFFICE OF STUDENT AFFAIRS OFFERS A VARIETY OF SERVICES THAT PROMOTE THE STUDENTS EXTRACURRICULAR ACTIVITIES THAT WE CALL STUDENT LIFE AND SERVE TO FACILITATE THE STUDENTS COMPREHENSIVE DEVELOPMENT, PERSONAL GROWTH AND THE ACHIEVEMENT OF ACADEMIC GOALS. RESIDENCES. SAGRADO HAS TWO UNIVERSITY RESIDENCES TO PROVIDE ACCOMMODATION TO STUDENTS: 290 DOUBLE ROOMS AND 11 SINGLE ROOMS FOR A TOTAL OF 301 ROOMS. THE UNIVERSITY RESIDENCES ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK DURING EACH ACADEMIC PERIOD, EXCEPT DURING PERIODS OF ACADEMIC RECESS OR INSTITUTIONAL CLOSURES. ATHLETIC AND RECREATIONAL ACTIVITIES. SAGRADO IS A MEMBER OF PUERTO RICOS INTERUNIVERSITY ATHLETIC LEAGUE (KNOWN IN SPANISH AS LAI). THE ATHLETIC PROGRAM IS ORIENTED TO THE PROMOTION AND PARTICIPATION OF STUDENTS IN ALL SPORTS ACTIVITIES. IT IS A FUNDAMENTAL PART OF STUDENT LIFE AT SAGRADO, WHOSE OBJECTIVE IS TO CONTRIBUTE TO THE STUDENTS PHYSICAL, MENTAL, AND ACADEMIC GROWTH AND ITS INTEGRAL WELL-BEING. THE STUDENT COUNCIL. IT IS THE STUDENTS REPRESENTATIVE BODY THAT IS ELECTED BY THE STUDENTS ANNUALLY. IT ENCOURAGES AND CHANNELS THE STUDENT BODYS EFFECTIVE PARTICIPATION IN INSTITUTIONAL LIFE. STUDENTS ORGANIZATIONS. THE STUDENT BODY HAS FULL FREEDOM OF ASSOCIATION WITHIN A MUTUAL RESPECT FRAMEWORK THAT HELPS MAINTAIN A CLIMATE OF SOLIDARITY AND APPROPRIATE HUMAN RELATIONS. STUDENT ORGANIZATIONS PARTICIPATE IN ACTIVITIES THAT ARE COMPATIBLE WITH EXISTING STANDARDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gilberto J Marxuach Torros President | Officer | 40 | $380,682 |
Rosana Lopez Santos VP - Finance | Officer | 40 | $185,051 |
Marilyn Figueroa Rivera VP - Org. De | Trustee | 40 | $182,964 |
Laura M Garcia Daniel VP - Integra | Trustee | 40 | $156,059 |
Jorge Silva Puras VP - Academi | Trustee | 40 | $144,510 |
Camelia C Fernandez Romeu Gen. Legal C | Trustee | 40 | $139,955 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jreyes Construction Construction | 6/29/22 | $939,829 |
Antilles Cleaning Services Fuller Cleaning Serv. | 6/29/22 | $805,921 |
De La Cruz & Associates Inc Advertisement | 6/29/22 | $486,263 |
Horizon Builders Corp Construction | 6/29/22 | $421,062 |
Desarrollo Metropolitanos Llc Construction | 6/29/22 | $446,487 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $21,323 |
Related organizations | $0 |
Government grants | $13,834,064 |
All other contributions, gifts, grants, and similar amounts not included above | $1,120,507 |
Noncash contributions included in lines 1a–1f | $349,820 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,975,894 |
Total Program Service Revenue | $28,680,717 |
Investment income | $502,664 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $47,471,933 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $942,738 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,310,246 |
Compensation of current officers, directors, key employees. | $2,310,246 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,140,150 |
Pension plan accruals and contributions | $2,711,782 |
Other employee benefits | $1,298,506 |
Payroll taxes | $1,576,153 |
Fees for services: Management | $0 |
Fees for services: Legal | $163,563 |
Fees for services: Accounting | $148,343 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,893,004 |
Advertising and promotion | $844,463 |
Office expenses | $875,200 |
Information technology | $1,855,056 |
Royalties | $0 |
Occupancy | $3,159,633 |
Travel | $88,757 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $711,685 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,865,398 |
Insurance | $694,488 |
All other expenses | $0 |
Total functional expenses | $45,521,462 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $786,062 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,698,893 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $603,017 |
Prepaid expenses and deferred charges | $320,277 |
Net Land, buildings, and equipment | $42,563,522 |
Investments—publicly traded securities | $25,287,254 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $477,453 |
Total assets | $72,736,478 |
Accounts payable and accrued expenses | $6,499,288 |
Grants payable | $0 |
Deferred revenue | $1,573,004 |
Tax-exempt bond liabilities | $15,793,519 |
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 | $10,514,379 |
Other liabilities | $0 |
Total liabilities | $34,380,190 |
Net assets without donor restrictions | $24,554,773 |
Net assets with donor restrictions | $13,801,515 |
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 | $72,736,478 |
Over the last fiscal year, we have identified 2 grants that Universidad Del Sagrado Corazon Inc has recieved totaling $20,000.
Awarding Organization | Amount |
---|---|
Educational Credit Management Corporation Minneapolis, MN PURPOSE: Project Success Emergency Aid | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Beg. Balance | $25,018,581 |
Earnings | -$3,196,695 |
Net Contributions | $592,112 |
Other Expense | -$800,983 |
Ending Balance | $21,613,015 |
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 |