Dewey University Inc
- Assets
- $31.6m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 306
- Location
- San Juan, PR
- Founding
- 03/1996
- Data as of
- 06/2021
- 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 06/2021, Dewey University Inc employed 306 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 06/2021, Dewey University Inc generated $14.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $11.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) 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
DEWEY UNIVERSITY IS A PRIVATE NON PROFIT EDUCATIONAL INSTITUTION WITH FOUR 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos A Quiones President | Officer | 40 | $91,208 |
Yelitza Feliciano Vice-Preside | Officer | 40 | $78,540 |
William Ubinas Taylor VP External | Officer | 40 | $68,462 |
Glenis I Vlez Olivencia Hr Vice-Pres | Officer | 40 | $67,494 |
Rosimar Ferrer Nieves Finance Dire | Officer | 40 | $59,155 |
Mara Soto Simonetti Adm Dean-Hat | Officer | 40 | $52,199 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hosec Engineering Contractor | 6/29/20 | $311,088 |
Ramona Munsell & Associates Prof Serv | 6/29/20 | $281,207 |
Beta Electric Corp Contractor | 6/29/20 | $152,810 |
Ramona Munsell & Associates Prof Serv | 6/29/20 | $281,207 |
Hosec Engineering Contractor | 6/29/20 | $311,088 |
Comcorco Contractor | 6/29/20 | $109,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,383,163 |
| 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 | $4,383,163 |
| Total Program Service Revenue | $8,687,020 |
| Investment income | $55,122 |
| 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 | $14,746,448 |
| 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. | $724,851 |
| Compensation of current officers, directors, key employees. | $398,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,433,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,494 |
| Payroll taxes | $868,667 |
| Fees for services: Management | $72,742 |
| Fees for services: Legal | $112,489 |
| 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 | $238,919 |
| Advertising and promotion | $33,574 |
| Office expenses | $3,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,617,217 |
| Travel | $13,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,574 |
| Interest | $677,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,074,380 |
| Insurance | $285,765 |
| All other expenses | $439,050 |
| Total functional expenses | $11,691,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,663,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $527,138 |
| 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 | $188,289 |
| Net Land, buildings, and equipment | $22,224,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000,964 |
| Total assets | $31,605,242 |
| Accounts payable and accrued expenses | $2,732,799 |
| 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 | $13,976,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,522 |
| Total liabilities | $16,768,664 |
| Net assets without donor restrictions | $14,836,578 |
| 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 | $31,605,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dewey University Inc has recieved totaling $9,116.
| Awarding Organization | Amount |
|---|---|
National Fish And Wildlife Foundation Washington, DC PURPOSE: Restoration Stewardship | $9,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universidad Del Sagrado Corazon Inc San Juan, PR | $72,736,478 | $47,471,933 |
Carlos Albizu University San Juan, PR | $59,292,567 | $41,107,429 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $109,108,435 | $46,473,727 |
Fundacion Para El Desarollo Del Hogar Propio Inc Caguas, PR | $24,112,229 | $27,243,134 |
Edp University Of Pr Inc San Juan, PR | $26,458,514 | $28,833,873 |
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 |