Atenas College Inc
- Assets
- $13.8m
- Revenue
- $5.6m
- Investments
- $2.1m
- Employees
- 114
- Location
- Manati, PR
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 66-0537875
Organization Overview
Atenas College Inc is located in Manati, PR. The organization was established in 2000. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Atenas College Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atenas College 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, Atenas College Inc generated $5.6m 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 (5.0%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
THE ENTITY IS AN INSTITUTION OF POSTSECONDARY EDUCATION COMMITTED TO PROVIDE AN EDUCATION OF EXCELLENCE TO STUDENT IN THE HEALTH CARE FIELD
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A REFER TO SCHEDULE E
N/A REFER TO SCHEDULE E
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Hernandez Entity President | 40 | $123,000 | |
Carlos R Vazquez Secretary | OfficerTrustee | $0 | |
Juan Aviles Member Of The Bot | Trustee | $0 | |
Carmen Bonet-Vazquez Vicepresident Bot | Trustee | $0 | |
Olga Nunez-Ortiz Member Of The Bot | Trustee | $0 | |
Ramon Laureano-Carrion President Bot | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,529,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,550,053 |
| Total Program Service Revenue | $0 |
| Investment income | $57,416 |
| 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 | $5,607,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,117,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,095,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,006 |
| Payroll taxes | $187,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,195 |
| Fees for services: Accounting | $58,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $266,034 |
| Office expenses | $63,866 |
| Information technology | $132,022 |
| Royalties | $0 |
| Occupancy | $160,200 |
| Travel | $20,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,592 |
| Interest | $2,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,183 |
| Insurance | $147,269 |
| All other expenses | $0 |
| Total functional expenses | $5,282,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,143 |
| Savings and temporary cash investments | $3,497,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $759,082 |
| 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 | $143,831 |
| Net Land, buildings, and equipment | $5,270,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,121,269 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $644,561 |
| Total assets | $13,836,142 |
| Accounts payable and accrued expenses | $437,732 |
| Grants payable | $249,745 |
| Deferred revenue | $352,912 |
| 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 | $56,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,096,461 |
| Net assets without donor restrictions | $12,739,681 |
| 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 | $13,836,142 |
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 |