Boricua College
- Assets
- $59.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 189
- Location
- New York, NY
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 51-0175975
Organization Overview
Boricua College is located in New York, NY. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Boricua College employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boricua College 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, Boricua College generated $9.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
BORICUA COLLEGE IS COMMITTED TO THE PRINCIPLE THAT CULTURE CANNOT BE SEPARATED FROM EDUCATION. BORICUA AIMS TO PROVIDE A SOLID FOUNDATION THROUGH INDIVIDUALIZED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMEENTS.
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 |
|---|---|---|---|
Victor G Alicea PHD President | OfficerTrustee | 40 | $183,968 |
John Guzman VP Of Academic Planning Progra | Officer | 40 | $102,360 |
Irving Ramirez VP Of Information Technology | Officer | 40 | $77,983 |
Elias Oyola Finance Director | Officer | 40 | $76,318 |
Francia Castro VP For Human Resources And Per | Officer | 40 | $67,541 |
Benito Fernandez Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,828,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,879,129 |
| Total Program Service Revenue | $4,939,527 |
| Investment income | $261,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,310,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,305,470 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $559,207 |
| Compensation of current officers, directors, key employees. | $459,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,978,835 |
| Pension plan accruals and contributions | $75,222 |
| Other employee benefits | $1,000,559 |
| Payroll taxes | $451,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $340,455 |
| Fees for services: Accounting | $99,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,876 |
| Fees for services: Other | $62,232 |
| Advertising and promotion | $216,279 |
| Office expenses | $453,582 |
| Information technology | $69,892 |
| Royalties | $0 |
| Occupancy | $1,018,575 |
| Travel | $137,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,131 |
| Interest | $212,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,271,493 |
| Insurance | $264,170 |
| All other expenses | $0 |
| Total functional expenses | $12,837,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,340 |
| Savings and temporary cash investments | $697,292 |
| Pledges and grants receivable | $528,976 |
| Accounts receivable, net | $357,358 |
| 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 | $131,368 |
| Net Land, buildings, and equipment | $48,672,743 |
| Investments—publicly traded securities | $8,930,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,845 |
| Total assets | $59,386,544 |
| Accounts payable and accrued expenses | $1,649,244 |
| Grants payable | $0 |
| Deferred revenue | $4,374 |
| 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 | $3,150,000 |
| Unsecured mortgages and notes payable | $10,394,510 |
| Other liabilities | $53,793 |
| Total liabilities | $15,251,921 |
| Net assets without donor restrictions | $42,850,570 |
| Net assets with donor restrictions | $1,284,053 |
| 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 | $59,386,544 |
Endowment Analysis
| Beg. Balance | $75,000 |
| Ending Balance | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albertus Magnus College New Haven, CT | $71,777,424 | $46,097,293 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Cambridge College Inc Boston, MA | $83,415,943 | $41,615,020 |
College Of Our Lady Of The Elms Chicopee, MA | $76,626,054 | $46,446,695 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |
Cazenovia College Cazenovia, NY | $61,316,762 | $34,879,477 |
Saint Elizabeth University Morristown, NJ | $73,861,677 | $41,908,797 |
Paul Smiths College Of Arts And Sciences Paul Smiths, NY | $83,057,888 | $35,545,491 |
Academy Of The New Church Bryn Athyn, PA | $413,557,048 | $53,821,193 |
Wilson College Chambersburg, PA | $116,652,606 | $41,060,333 |
Houghton University Houghton, NY | $128,730,517 | $37,909,785 |