Universidad Politecnica De Puerto Rico Inc
- Assets
- $114.3m
- Revenue
- $53.5m
- Investments
- $0.0
- Employees
- 506
- Location
- San Juan, PR
- Founding
- 12/1975
- Data as of
- 07/2023
- EIN
- 66-0362666
Organization Overview
Universidad Politecnica De Puerto Rico Inc is located in San Juan, PR. The organization was established in 1975. 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, Universidad Politecnica DE Puerto Rico Inc employed 506 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universidad Politecnica DE Puerto Rico 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 07/2023, Universidad Politecnica DE Puerto Rico Inc generated $53.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $42.6m during the year ending 07/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY IS A PRIVATE, NON-PROFIT, EDUCATIONAL INSTITUTION WITH APPROXIMATELY 4,500 STUDENTS LOCATED IN HATO REY, PUERTO RICO, MIAMI AND ORLANDO, FLORIDA. THE UNIVERSITY OFFERS SPECIALIZED COURSES IN LAND SURVEYING AND MAPPING, BACHELORS OF SCIENCE DEGREE IN CIVIL ENGINEERING, INDUSTRIAL ENGINEERING, ELECTRICAL ENGINEERING, MECHANICAL ENGINEERING, AMONG OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE'S PROVISION OF HIGHER EDUCATION TO STUDENTS UNDER DEGREE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa M Mullet Sanchez President Board Of Trustees | Trustee | 10 | $0 |
Francisco Martinez Ubarri Vicepresident Board Of Trustees | Trustee | 10 | $0 |
Ricardo Lefranc Morales Secretary Board Of Trustees | Trustee | 10 | $0 |
Rafael Mullet Sanchez Treasurer Board Of Trustees | Trustee | 10 | $0 |
Luis E Gonzalez Cognet Trustee | Trustee | 10 | $0 |
Irving A Jimenez Juarbe Trustee | Trustee | 10 | $24,109 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Citizen Protection Inc Security | 7/30/23 | $482,034 |
Perfect Cleaning Services Inc Maintenance | 7/30/23 | $485,998 |
Koma Group Ii Corp Construction | 7/30/23 | $254,000 |
Group M Puerto Rico Inc Accounting | 7/30/23 | $592,401 |
Wunderman Thompson Puerto Rico Inco Advertising | 7/30/23 | $257,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,766,626 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,766,626 |
| Total Program Service Revenue | $34,996,148 |
| Investment income | $659,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,544,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $529,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,977 |
| Compensation of current officers, directors, key employees. | $54,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,510,828 |
| Pension plan accruals and contributions | $279,153 |
| Other employee benefits | $672,552 |
| Payroll taxes | $1,713,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,767 |
| Fees for services: Accounting | $153,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,828 |
| Fees for services: Other | $5,053,864 |
| Advertising and promotion | $1,955,527 |
| Office expenses | $420,410 |
| Information technology | $232,014 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $297,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,377 |
| Interest | $308,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,675,368 |
| Insurance | $1,147,984 |
| All other expenses | $6,029,929 |
| Total functional expenses | $42,601,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,405,467 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,525,039 |
| Accounts receivable, net | $157,085 |
| Loans from Officers, Directors, or Controlling Persons | $164,773 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,597 |
| Prepaid expenses and deferred charges | $1,788,970 |
| Net Land, buildings, and equipment | $61,155,259 |
| Investments—publicly traded securities | $21,482,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,635,327 |
| Total assets | $114,324,124 |
| Accounts payable and accrued expenses | $3,954,681 |
| Grants payable | $0 |
| Deferred revenue | $2,095,895 |
| 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 | $3,850,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,168,327 |
| Total liabilities | $12,069,206 |
| Net assets without donor restrictions | $100,268,931 |
| Net assets with donor restrictions | $1,985,987 |
| 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 | $114,324,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pontifical Catholic University Of Puerto Rico Ponce, PR | $162,858,216 | $84,564,750 |
Universidad Del Sagrado Corazon Inc San Juan, PR | $76,990,801 | $50,393,182 |
Carlos Albizu University San Juan, PR | $56,696,168 | $44,378,144 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $114,324,124 | $53,544,773 |
Edp University Of Puerto Rico Inc San Juan, PR | $27,207,943 | $37,208,893 |
Fundacion Para El Desarollo Del Hogar Propio Inc Caguas, PR | $20,657,259 | $27,669,885 |