Universidad Central Del Caribe Inc
- Assets
- $36.5m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 367
- Location
- Bayamon, PR
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 66-0349669
Organization Overview
Universidad Central Del Caribe Inc is located in Bayamon, PR. The organization was established in 1981. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Universidad Central Del Caribe Inc employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universidad Central Del Caribe 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 Central Del Caribe Inc generated $22.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $21.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
PREPARE HIGH-QUALITY AND COMITTED HEALTH PROFESSIONALS TO MEET THE HEALTH NEEDS OF THE COMMUNITY IN ITS BIOLOGICAL,PHYSICAL, AND SOCIAL CONTEXT WITH HUMANISTIC FOCUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS - TO PROVIDE UNDERGRADUATED AND GRADUATE STUDIES AND PROFESSIONAL CERTIFICATIONS IN HEALTH SCIENCES.
OTHER REVENUES GENERATED AND EXPENSES INCURRED AS COMPLEMENT OF THE PRINCIPAL EXEMPT PURPOSE ACCOMPLISHMENTS MENTIONED ON PART III LINES 4A, 4B AND 4C.
AFFILIATED HOSPITAL ADMINISTRATION - TO PROVIDE CLINICAL TEACHING AND PRIMARY HEALTHCARE SERVICES WITHIN THE REGION. THE HOSPITAL IS ORGANIZED TO OPERATE A SCHOOL OF MEDICINE WHICH IS ACCREDITED BY THE COUNCIL OF GRADUATE MEDICAL EDUCATION(ACGME).
AUXILIARY ENTERPRISE SALES AND SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Waleska Crespo Ucc Presiden | Officer | 37.5 | $285,196 |
Ariel Davila Ucc Vice Pre | Officer | 37.5 | $139,398 |
Oscar Gonzalez Badillo Secretary, B | Trustee | 0.5 | $0 |
Jose R Rivera Barrera Member, Bot | Trustee | 0.5 | $0 |
Edgardo Fabregas Treasurer, B | Trustee | 0.5 | $0 |
Carla Fernandez Vice Preside | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ranger American Security | 6/29/22 | $297,009 |
C & R Contractors Cleaning Serv | 6/29/22 | $110,630 |
Healthcare Business Network Llc Clinic Admin. | 6/29/22 | $219,200 |
Oscar Gonzalez Badillo Lawyer | 6/29/22 | $133,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,530,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,545,522 |
| Total Program Service Revenue | $17,078,771 |
| Investment income | -$1,531,013 |
| 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 | $22,791,858 |
| 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. | $424,594 |
| Compensation of current officers, directors, key employees. | $12,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,781,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $603,089 |
| Payroll taxes | $776,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,370 |
| 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 | $1,941,021 |
| Advertising and promotion | $227,273 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $184,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,096,069 |
| Insurance | $288,755 |
| All other expenses | $454,080 |
| Total functional expenses | $21,419,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,349,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,588,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $880,993 |
| Net Land, buildings, and equipment | $4,993,339 |
| Investments—publicly traded securities | $18,657,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,470,475 |
| Accounts payable and accrued expenses | $2,764,778 |
| 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 | $357,892 |
| Total liabilities | $3,122,670 |
| Net assets without donor restrictions | $32,293,042 |
| Net assets with donor restrictions | $1,054,763 |
| 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 | $36,470,475 |