American College Of Puerto Rico Inc
- Assets
- $12.7m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 242
- Location
- Bayamon, PR
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 66-0350945
Organization Overview
American College Of Puerto Rico Inc, operating under the name Dba American University Of Puerto, is located in Bayamon, PR. The organization was established in 1980. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Dba American University Of Puerto employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba American University Of Puerto 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, Dba American University Of Puerto generated $9.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $8.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A LIBERAL AND HUMANISTIC HIGHER EDUCATION THAT PROMOTES THE INTEGRAL FORMATION AND KNOWLEDGE FOR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT-FOR-PROFIT EDUCATIONAL INSTITUTION OFFERING MASTER AND BACHELOR DEGREES AND POST SECONDARY PROGRAMS TO ENROLLED STUDENTS. MASTER AND BACHELOR DEGREES OFFERED BY THE UNIVERSITY, INCLUDE AMONG OTHERS, ARTS AND SCIENCES, BUSINESS ADMINISTRATION, CRIMINAL JUSTICE AND EDUCATION AND TECHNOLOGY. POST SECONDARY PROGRAMS OFFERED BY THE UNIVERSITY, INCLUDE AMONG OTHERS, SECRETARIAL SCIENCES AND CRIMINAL JUSTICE. THE UNIVERSITY'S ANNUAL ENROLLMENT APPROXIMATES 2,400 UNDERGRADUATE STUDENTS PER SEMESTER. IT OPERATES IN TWO LOCATIONS, BAYAMON, PUERTO RICO (MAIN CAMPUS) AND OTHER CAMPUS LOCATED AT MANATI.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan C Nazario President | Officer | 40 | $97,000 |
Ramon Armaiz Serrano Secretary-Bo | Trustee | 2 | $400 |
Jose M Rosado Sanchez Vice Preside | Trustee | 2 | $300 |
Ivelisse Cabiya Burgos Member | Trustee | 2 | $300 |
Edwin Ramos Jourdan Member | Trustee | 2 | $300 |
Maria O Marrero Soto President-Bo | Trustee | 2 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,157,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,385,980 |
| Total Program Service Revenue | $4,743,911 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,954 |
| 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 | $8,966,042 |
| 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. | $98,900 |
| Compensation of current officers, directors, key employees. | $98,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,182,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $364,475 |
| 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 | $209,529 |
| Advertising and promotion | $73,278 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,860,000 |
| Travel | $16,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $785,695 |
| Insurance | $279,046 |
| All other expenses | $337,045 |
| Total functional expenses | $8,565,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,459,394 |
| Accounts receivable, net | $349,895 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,852 |
| Prepaid expenses and deferred charges | $515,300 |
| Net Land, buildings, and equipment | $9,482,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,696,974 |
| Accounts payable and accrued expenses | $1,386,633 |
| Grants payable | $0 |
| Deferred revenue | $42,218 |
| 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 | $5,489,979 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,918,830 |
| Net assets without donor restrictions | $5,778,144 |
| Net assets with donor restrictions | $0 |
| 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 | $12,696,974 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American College Of Puerto Rico Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Educational Credit Management Corporation Minneapolis, MN PURPOSE: Project Success Emergency Aid | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ponce Medical School Foundation Inc Ponce, PR | $11,600,859 | $25,661,618 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Saint Johns School San Juan, PR | $27,658,039 | $13,804,674 |
Dewey University Inc San Juan, PR | $31,605,242 | $14,746,448 |
Universidad Central De Bayamon Inc Bayamon, PR | $32,277,957 | $11,392,145 |
Robinson School Inc San Juan, PR | $10,256,117 | $9,865,836 |
Caribbean Consolidated Schools Inc San Juan, PR | $11,881,054 | $8,897,435 |
American College Of Puerto Rico Inc Bayamon, PR | $12,696,974 | $8,966,042 |
Saint Francis School Carolina, PR | $13,939,984 | $9,657,411 |
Colegio Catolico Notre Dame Corp Caguas, PR | $17,430,786 | $9,970,815 |