Centro De Estudios Avanzados De Puerto Rico Inc
- Assets
- $1.9m
- Revenue
- $927.4k
- Investments
- $0.0
- Employees
- 21
- Location
- San Juan, PR
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 66-0380848
Organization Overview
Centro De Estudios Avanzados De Puerto Rico Inc is located in San Juan, PR. The organization was established in 1980. 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, Centro DE Estudios Avanzados DE Puerto Rico Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro DE Estudios Avanzados 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 06/2022, Centro DE Estudios Avanzados DE Puerto Rico Inc generated $927.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
OFFERS MASTER AND DOCTORATE PROGRAMS TO LOCAL AND FOREIGNS STUDENTS TO PROMOTE HISTORICAL SOCIAL AND CULTURAL VALUES OF PR AND THE CARIBBEAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES- THE CENTER OFFERS PROGRAMS ON A GRADUATE LEVEL FOCUSED ON DEVELOPMENT OF THE CULTURE AND HISTORY OF PUERTO RICO THRU CLASSES SEMINARS MOVIES AMONG OTHER SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olga Benitez Garay Interim Dean Rector | Officer | 40 | $72,000 |
Clarissa Santiago Toro Auxiliar Dean | Officer | 40 | $39,600 |
Maria Feliciano Torres Associate Dean | Officer | 40 | $21,600 |
Eduardo Rodriguez Vazquez President Board Of Directors | Trustee | 0 | $0 |
Jorge Laborde Corretjer Trustee Board Of Directors | Trustee | 0 | $0 |
Maria Chapel Palerm Secretary Board Of Directors | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,091,504 |
| Investment income | -$174,074 |
| 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 | $927,429 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,938 |
| 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 | $0 |
| Advertising and promotion | $450 |
| Office expenses | $42 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,382 |
| Interest | $21,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,430 |
| Insurance | $13,471 |
| All other expenses | $154,778 |
| Total functional expenses | $1,169,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385 |
| Savings and temporary cash investments | $383,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,285 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $147,232 |
| Investments—publicly traded securities | $1,178,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,500 |
| Total assets | $1,858,012 |
| Accounts payable and accrued expenses | $115,041 |
| 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 | $0 |
| Total liabilities | $115,041 |
| Net assets without donor restrictions | $1,742,971 |
| 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 | $1,858,012 |
Endowment Analysis
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 |