Dewey University Inc
- Assets
- $32.8m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 303
- Location
- San Juan, PR
- Founding
- 03/1996
- Data as of
- 06/2022
- EIN
- 66-0498051
Organization Overview
Dewey University Inc is located in San Juan, PR. The organization was established in 1996. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Dewey University Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dewey University 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, Dewey University Inc generated $15.1m 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 (3.5%) each year. All expenses for the organization totaled $13.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
DEWEY UNIVERSITY IS A PRIVATE NON PROFIT EDUCATIONAL INSTITUTION WITH TEN EDUCATIONAL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN STUDENTS OR THE EMPLOYMENT MARKET IN THEIR INITIATION IN CONTINUED PROFESSIONAL, INTELLECTUAL, AND PERSONAL DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos A Quiones President | Officer | 40 | $91,806 |
Yelitza Feliciano Vice-Preside | Officer | 40 | $80,604 |
Mayra Villanova Financial Ai | Officer | 40 | $45,037 |
Glenis I Vlez Olivencia Hr Vice-Pres | Officer | 40 | $74,215 |
William Ubinas Taylor External Res | Officer | 40 | $71,991 |
Amarilys Espada Miranda Compliance D | Officer | 40 | $52,208 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Media Management Partners Promotions | 6/29/22 | $151,412 |
World Net Communication | 6/29/22 | $106,161 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,264,499 |
| 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 | $6,264,499 |
| Total Program Service Revenue | $8,850,875 |
| Investment income | $53,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$143,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,141,405 |
| 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. | $866,314 |
| Compensation of current officers, directors, key employees. | $476,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,836,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,339 |
| Payroll taxes | $501,126 |
| Fees for services: Management | $59,660 |
| Fees for services: Legal | $155,054 |
| 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 | $296,242 |
| Advertising and promotion | $316,649 |
| Office expenses | $7,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,934,828 |
| Travel | $6,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,067 |
| Interest | $454,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,606,448 |
| Insurance | $291,354 |
| All other expenses | $559,578 |
| Total functional expenses | $13,111,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,560,577 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,992 |
| 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 | $261,657 |
| Net Land, buildings, and equipment | $23,901,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,922,735 |
| Total assets | $32,839,404 |
| Accounts payable and accrued expenses | $1,852,826 |
| 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 | $14,069,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,940 |
| Total liabilities | $15,973,327 |
| Net assets without donor restrictions | $16,866,077 |
| 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 | $32,839,404 |