Carlos Albizu University
- Assets
- $59.3m
- Revenue
- $41.1m
- Investments
- $0.0
- Employees
- 290
- Location
- San Juan, PR
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 66-0234412
Organization Overview
Carlos Albizu University is located in San Juan, PR. The organization was established in 1974. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Carlos Albizu University employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlos Albizu University 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, Carlos Albizu University generated $41.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $39.9m during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
CARLOS ALBIZU UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE AND RESEARCH FROM A PURALISTIC AND MULTIDIMENSIONAL PERSPECTIVE. WE EDUCATE STUDENTS TO SERVE A HIGHER COMPLEX AND DIVERSE SOCIETY, WITH SENSITIVITY TO THOSE MOST IN NEED. WE CONTRIBUTE TO OUR COMMUNITIES BY TRAINING PROFESSIONALS WITH MULTICULTURAL COMPETENCIES. WE DISTINGUISH OURSELVES THROUGH AN EDUCATIONAL PHILOSOPHY BASED ON A COMMITMENT TO SOCIAL RESPONSIBILITY, CHARACTERISTIC OF ALL OUR PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTSECONDARY EDUCATION, GENERAL/OTHER: MULTIDISCIPLINARY INSTITUTION THAT PROVIDE QUALITY TRAINING AT BOTH GRADUATE AND UNDERGRADUATE LEVELS. THIS TRAINING IS ADDRESSED TO HELP MINORITIES TO ACHIEVE THEIR GOALS IN A MULTICULTURAL ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tilokie Depoo Chancellor | Officer | 40 | $195,000 |
Jose I Pons Madera President | Officer | 40 | $193,500 |
Diana Barroso Program Dire | Officer | 40 | $153,043 |
Karla Lopez Talero Chief Mktg O | Officer | 40 | $140,000 |
Irene M Bravo Program Dire | Officer | 40 | $139,000 |
Angel Ortiz Garcia Chief Finan | Officer | 40 | $137,942 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fulcro Insurance Insurance | 6/29/21 | $382,390 |
United Healthcare Insurance | 6/29/21 | $430,634 |
Florida Power & Light Utilities | 6/29/21 | $363,326 |
Weboganic Marketing | 6/29/21 | $363,134 |
Debonair Marketing | 6/29/21 | $310,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,035,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,357,723 |
| Total Program Service Revenue | $29,436,965 |
| Investment income | $463,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,265,883 |
| 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 | $41,107,429 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,890,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,209,596 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $5,665,509 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $291,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $946,638 |
| Insurance | $679,346 |
| All other expenses | $0 |
| Total functional expenses | $39,931,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,546,790 |
| Savings and temporary cash investments | $2,933,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,027,264 |
| 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 | $1,309,210 |
| Net Land, buildings, and equipment | $23,084,115 |
| Investments—publicly traded securities | $23,391,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,292,567 |
| Accounts payable and accrued expenses | $4,632,062 |
| Grants payable | $0 |
| Deferred revenue | $2,214,691 |
| 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 | $6,582,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,428,867 |
| Net assets without donor restrictions | $40,091,804 |
| Net assets with donor restrictions | $5,771,896 |
| 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 | $59,292,567 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carlos Albizu University has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $40,000 |
Endowment Analysis
| Beg. Balance | $1,251,163 |
| Earnings | $697 |
| Net Contributions | $14,910 |
| Ending Balance | $1,266,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
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 |