Inter American University Of Puerto Rico
- Assets
- $741.2m
- Revenue
- $296.0m
- Investments
- $265.2m
- Employees
- 3,133
- Location
- San Juan, PR
- Founding
- 07/1943
- Data as of
- 06/2022
- EIN
- 66-0177776
Organization Overview
Inter American University Of Puerto Rico is located in San Juan, PR. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Inter American University Of Puerto Rico employed 3,133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter American University Of Puerto Rico 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, Inter American University Of Puerto Rico generated $296.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $254.1m during the year ending 06/2022. 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
THE UNIVERSIDAD INTERAMERICANA DE PUERTO RICO, INC. IS A HIGHER EDUCATION INSTITUTION PURSUING QUALITY THRU ACADEMIC EXCELLENCE WITH EMPHASIS IN THE FORMATION OF PEOPLE WITH HIGH STANDARDS, ETHICAL AND DEMOCRATICALLY VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021-22 FISCAL YEAR, THE UNIVERSITY PROVIDED EDUCATIONAL SERVICES FOR OVER 27 THOUSAND STUDENTS ON ITS ELEVEN CAMPUS AND CENTERS. OVER FIVE THOUSAND SIX HUNDRED EDUCATIONAL DEGREES WERE GRANTED IN SEVERAL FIELDS OF STUDIES RANGING FROM ASSOCIATES UP TO DOCTORAL DEGREES, OPTOMETRY DEGREES AND LAW DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel J Fernos Former President Of Inter American University Of Puerto Rico | 40 | $222,580 | |
Marilina Wayland Chancellor | Officer | 40 | $138,432 |
Julio Fontanet Dean | Officer | 40 | $126,204 |
Rafael Ramirez Acting President Of Inter American University Of Puerto Rico | Officer | 40 | $125,232 |
Jacqueline Alvarez VP For Academic Affairs And Systemic Planning | Officer | 40 | $124,754 |
Olga Luna VP For Management, Finance And Systemic Planning | 40 | $121,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Audio Visual Concepts Inc Technology | 6/29/22 | $5,449,922 |
Marsh Saldana Inc Insurance | 6/29/22 | $4,240,001 |
Aireko Construction Management Serv Llc Construction | 6/29/22 | $3,473,900 |
Ellucian Company Lp Software | 6/29/22 | $1,963,973 |
Hardrock Construction & Asoc Corp Construction | 6/29/22 | $1,712,539 |
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 | $247,220 |
| Noncash contributions included in lines 1a–1f | $11,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,220 |
| Total Program Service Revenue | $225,021,304 |
| Investment income | $2,501,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $965,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,978,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,579,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,795,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,894,144 |
| Pension plan accruals and contributions | $2,874,954 |
| Other employee benefits | $12,463,688 |
| Payroll taxes | $9,661,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,695,409 |
| Fees for services: Accounting | $209,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,000 |
| Fees for services: Other | $24,146,761 |
| Advertising and promotion | $2,720,347 |
| Office expenses | $753,996 |
| Information technology | $8,843,966 |
| Royalties | $0 |
| Occupancy | $174,105 |
| Travel | $290,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,582 |
| Interest | $1,195,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,353,814 |
| Insurance | $4,371,811 |
| All other expenses | $18,956,689 |
| Total functional expenses | $254,123,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,509,900 |
| Savings and temporary cash investments | $541,516 |
| Pledges and grants receivable | $23,269,405 |
| Accounts receivable, net | $2,624,497 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $768,859 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,431,981 |
| Net Land, buildings, and equipment | $328,977,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $265,234,960 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,794,543 |
| Total assets | $741,153,164 |
| Accounts payable and accrued expenses | $27,141,317 |
| Grants payable | $0 |
| Deferred revenue | $2,853,134 |
| 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 | $1,482,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,148,708 |
| Total liabilities | $91,625,263 |
| Net assets without donor restrictions | $647,257,046 |
| Net assets with donor restrictions | $2,270,855 |
| 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 | $741,153,164 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Inter American University Of Puerto Rico has recieved totaling $133,550.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $90,000 |
Ayuda Legal Puerto Rico Inc San Juan, PR PURPOSE: COMMUNITY ASSISTANCE | $26,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $7,550 |
Endowment Analysis
| Beg. Balance | $321,375,638 |
| Earnings | -$50,992,436 |
| Admin Expense | $479,960 |
| Net Contributions | $558,107 |
| Other Expense | $4,710,664 |
| Grants | $23,345 |
| Ending Balance | $265,727,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sistema Universitario Ana G Mendez Incorporado San Juan, PR | $365,299,406 | $297,586,867 |
Inter American University Of Puerto Rico San Juan, PR | $741,153,164 | $295,978,974 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $109,108,435 | $46,473,727 |
Universidad Central De Bayamon Inc Bayamon, PR | $32,277,957 | $11,392,145 |
Fundacion Tesoros De Amor Toa Baja, PR | $358,710 | $212,052 |