2024-05-15T22:36:54-04:00 2023-06-30 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2022-07-01 660177776 INTER AMERICAN UNIVERSITY OF PUERTO RICO INTE 7877661912 PO BOX 363255 SAN JUAN PR 00936 ORLANDO GONZALEZ VP OF FINANCE 7877661912 2024-05-15 ORLANDO GONZALEZ 999009999 false KENNETH RIVERA ROBLES P00964820 7877254545 2024-05-15 2022 2023-04-26 12:10:37Z ORLANDO GONZALEZ PO BOX 363255 SAN JUAN PR 009363255 264531747 false X WWW.INTER.EDU X 1912 PR 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. 15 0 2623 0 247220 47432610 225021304 161958709 2501938 5981568 68208512 40088624 295978974 255461511 12579635 11512808 0 131690459 129590314 0 0 109853407 109881877 254123501 250984999 41855473 4476512 741153164 761346261 91625263 82259915 649527901 679086346 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 HIH STANDARDS, ETHICAL AND DEMOCRATICALLY VALUES. false false 161457937 11512808 202047333 DURING THE 2022-2023 FISCAL YEAR, THE UNIVERSITY PROVIDED EDUCATIONAL SERVICES FOR OVER 26,085 STUDENTS ON ITS 11 CAMPUS AND CENTERS. OVER 5,143 EDUCATIONAL DEGREES WERE GRANTED IN SEVERAL FIELDS OF STUDIES RANGING FROM ASSOCIATES UP TO DOCTORAL DEGREES, OPTOMETRY DEGREES AND LAW DEGREES. 161457937 true false false false false true false true false true true true false false true true true true true true true false false false true false false false true true true false false false false false false false false false false false false false false true true true false false false true 0 0 true 2623 true false true PM false false false false false false false false false false false false X 15 0 false false false false false true false true true false true true true true true true true true true true true true FL X ORLANDO GONZALEZ 7877661912 PO BOX 363255 SAN JUAN PR 00936 RAFAEL RAMIREZ PRESIDENT 40.00 X 180873 0 8551 MARILINA LUCCA CHANCELLOR 40.00 X 138432 0 6892 JACQUELINE ALVAREZ VP ACADEMIC 40.00 X 120600 0 13200 JULIO FONTANET DEAN 40.00 X 126204 0 6280 VILMA COLON CHANCELLOR 40.00 X 115464 0 5743 CARLOS OLIVARES CHANCELLOR 40.00 X 109260 0 11433 ANDRES PAGAN DEAN 40.00 X 110317 0 5486 ELIE AGESILAS CHANCELLOR 40.00 X 110145 0 5477 JUAN NEGRON CHANCELLOR 40.00 X 102504 0 5095 ANGELA DE JESUS CHANCELLOR 40.00 X 97890 0 4865 RAFAEL CANALES CHANCELLOR 40.00 X 93232 0 4600 NORBERTO DOMINGUEZ VP RELIGIOUS 40.00 X 71340 0 9537 ORLANDO GONZALEZ VP OF FINANC 40.00 X 55000 0 2750 ELIEZER ALVAREZ VICE CHAIRMA 10.00 X 0 0 0 RAMON AYALA BOARD MEMBER 10.00 X 0 0 0 GLORIA CORDERO BOARD MEMBER 10.00 X 0 0 0 JUAN G FELICIANO BOARD MEMBER 10.00 X 0 0 0 JOSE A FIGUEROA BOARD MEMBER 10.00 X 0 0 0 JORGE L FUENTES BOARD MEMBER 10.00 X 0 0 0 SAMUEL LIZARDI TREASURER OF 10.00 X 0 0 0 DOMINGO MAS CHAIRMAN OF 20.00 X 0 0 0 AIDA N MOLINARY ASSISTANT SE 10.00 X 0 0 0 MANUELITA MUOZ ASSISTANT TR 10.00 X 0 0 0 ANTONIO PAVIA BOARD MEMBER 10.00 X 0 0 0 JUAN JOSE PEREZ BOARD MEMBER 10.00 X 0 0 0 FELIPE PIAZZA BOARD MEMBER 10.00 X 0 0 0 VICTOR RIVERA BOARD MEMBER 10.00 X 0 0 0 MARCELINA VELEZ SECRETARY OF 10.00 X 0 0 0 1431261 89909 9 true true true TRIPLE S SALUD PO BOX 363628 SAN JUAN PR 00936 INSURANCE 5812129 ALARM & CONTROL SYSTEMS CO INC PO BOX 11857 SAN JUAN PR 00922 SECURITY 2974450 AIREKO CONSTRUCTION MANAGEMENT SERV BAIROA INDUSTRIAL PARK LAS CASAS ST 20 CAGUAS PR 00725 CONSTRUCTION 2439968 AUDIO VISUAL CONCEPTS INC PO BOX 3915 GUAYNABO PR 00970 TECHNOLOGY 2409140 AIG INSURANCE CO OF PR PO BOX 10181 SAN JUAN PR 00908 INSURANCE 2202742 174 805930 46230136 396544 47432610 TUITION AND FEES 611310 161958709 161958709 161958709 3552397 3552397 11499407 9070236 2429171 2429171 2429171 805930 OTHER SOURCES 900099 20079299 20079299 AUXILIARY ENTERPRISE 611310 20009325 20009325 40088624 255461511 202047333 5981568 11512808 11512808 1250388 1250388 302587 302587 102550969 79545319 23005650 2750524 2033997 716527 11682229 7114339 4567890 11053617 6046091 5007526 749651 180 749471 220052 220052 65000 65000 22866768 10166111 12700657 2522043 1185811 1336232 2285246 1019524 1265722 3789968 888158 2901810 387 387 103994 39825 64169 507295 318348 188947 230609 156557 74052 2347173 788735 1558438 23940060 14820616 9119444 4411600 9974 4401626 UTILITIES 17293152 10476917 6816235 ADMINISTRATIVE EXPENSES 6881907 4831617 2050290 STUDENT RELATED EXPENSE 4392088 3667775 724313 EDUCATION & LAB MATERIALS 2720839 1520395 1200444 14554045 5314453 9239592 250984999 161457937 89527062 0 97509900 92182683 541516 643907 23269405 21890926 2624497 2149876 768859 731122 8431981 9682292 697604993 366378163 328977503 331226830 265234960 290829030 13794543 12009595 741153164 761346261 27141317 25799308 2853134 3072843 41368898 1482104 1218667 60148708 10800199 91625263 82259915 X 647257046 676772143 2270855 2314203 649527901 679086346 741153164 761346261 X 4476512 25103051 -21118 X false true X true true true X 7 2314203 false false 259663 X X X X false 265727340 557302 30714079 7467 5198293 375758 291417203 321375638 558107 -50992436 23345 4710664 479960 265727340 260807934 638864 72935175 18968 12476943 510424 321375638 252104947 634577 12797063 50773 4254172 423708 260807934 238875213 675250 16958968 20801 3982376 401307 252104947 0.99210 0.00660 0.00130 false false 47654487 47654487 371203921 198741523 172462398 39001516 28328066 10673450 166474949 91213395 75261554 73270120 48095179 25174941 331226830 DOMESTIC AND INTERNATIONAL EQUITY 182419293 F FIXED INCOME 66983688 F HEDGE FUNDS OF FUNDS 28262921 F ALL ASSETS 13163128 F 290829030 DEFERRED COMPENSATION 7739953 OPERATING LEASE LIABILITY 2913288 STUDENT DEPOSIT 146958 10800199 X 269030636 25103051 186858 25289909 243740727 11720784 11720784 255461511 239472191 239472191 11512808 11512808 250984999 SCHEDULE D, PAGE 3, PART X SCHEDULE D, PART III, LINE 4 - THE UNIVERSITY HAS RECEIVED SEVERAL WORK OF ARTS FROM DISTINGUISHED WRITERS, ARTISTS, INDIVIDUAL AND COMPANUES FOR EDUCATIONAL EXHIBITION, PRESERVATION AND RESEARCH. SCHEDULE D, PART V, LINE 4 - THE INVESTMENT COMMITTEE, IN COMPLIANCE WITH THE MANDATE OF THE BOARD OF TRUSTEES, WILL DEFINE, IMPLEMENT, REVIEW, EVALUATE AND MODIFY WHERE APPROPRIATE, THE INVESTMENT POLICY FOR THE MANAGEMENT OF THE INTER AMERICAN UNIVERSITY ENDOWMENT ASSETS. BASED ON SUCH POLICY, THE GOAL OF THE INVESTMENT PROGRAM FOR THE ENDOWMENT IS TO PROVIDE A REAL TOTAL RETURN FROM ASSETS INVESTED THAT WILL PRESERVE THE PURCHASING POWER OF THE ENDOWMENT ASSETS, WHILE GENERATING AN INCOME STREAM TO SUPPORT THE ACTIVITIES OF THE COLLEGES AND UNITS OF THE UNIVERSITY. SCHEDULE D, PART X, LINE 2 - THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE UNIVERSITY RECORDS INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES UNDER INSTITUTIONAL SUPPORT EXPENSES. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN ANY UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE PUERTO RICO DEPARTMENT OF TREASURY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D EXTERNAL SUBSIDIARIES REVENUES 186,858 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENTS SCHOLARSHIPS 11,512,808 EXTERNAL SUBSIDIARIES EXPENSES 207,976 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENTS SCHOLARSHIPS 11,512,808 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 AS REQUIRED BY FEDERAL AND STATE LAWS, THE UNIVERSIDAD INTERAMERICANA DE PUERTO RICO INC INCLUDES IN MOST OF THE DOCUMENTATION ITS NONDISCRIMINATORY POLICIES AND STATEMENTS. SCHEDULE E, LINE 6 THE UNIVERSITY RECEIVES ANNUALLY SEVERAL SCHOLARSHIPS, AWARDS, GRANTS AND FINANCIAL AID FROM FEDERAL AND STATE AGENCIES TO ASSIST STUDENTS IN THEIR ACADEMIC GOALS. THE UNIVERSITY PARTICIPATES IN VARIOUS FEDERALLY FUNDED PROGRAMS OF THE U.S. DEPARTMENT OF EDUCATION (THE DEPARTMENT), INCLUDING PROGRAMS OF STUDENT FINANCIAL ASSISTANCE UNDER TITLE IV OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. THESE FINANCIAL ASSISTANCE PROGRAMS ARE ROUTINELY SUBJECT TO FINANCIAL AND COMPLIANCE AUDITS IN ACCORDANCE WITH THE PROVISIONS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS, OR TO COMPLIANCE AUDITS BY THE GRANTOR AND/OR FEDERAL AGENCY. THE REPORTS ON THE AUDITS OF THESE PROGRAMS, WHICH ARE CONDUCTED PURSUANT TO REGULATORY REQUIREMENTS BY THE EXTERNAL AUDITORS FOR THE UNIVERSITY, ARE REQUIRED TO BE SUBMITTED TO THE DEPARTMENT AND VARIOUS GOVERNMENT AGENCIES. SUCH GOVERNMENT AGENCIES HAVE THE AUTHORITY TO DETERMINE LIABILITIES AS WELL AS TO LIMIT, SUSPEND, OR TERMINATE STUDENT FINANCIAL ASSISTANCE PROGRAMS. REVENUE FROM U.S. GOVERNMENT AND COMMONWEALTH OF PUERTO RICO GRANTS AND CONTRACTS IS RECOGNIZED AS IT IS SPENT IN ACCORDANCE WITH THE CORRESPONDING AGREEMENT. FUNDS RECEIVED FOR STUDENT FINANCIAL ASSISTANCE (PRINCIPALLY, PELL GRANT AND DIRECT LOANS) THAT ARE AWARDED DIRECTLY TO STUDENTS ARE EXCLUDED FROM REVENUE AND EXPENSES. TEMPORARILY RESTRICTED NET ASSETS CONSIST MAINLY OF FEDERAL GRANTS RECEIVED FROM THE DEPARTMENT UNDER THE TITLE V PROGRAM, STRENGTHENING INSTITUTIONS PROGRAM GRANT, TOGETHER WITH THE INCOME EARNED ON THAT AMOUNT. THE UNIVERSITY MATCHES THIS GRANT IN ACCORDANCE WITH DONOR STIPULATIONS. FUNDS GRANTED TO THE UNIVERSITY UNDER THE CARES ACT, CRRSAA, ARP (INSTITUTIONAL PORTION) AND OTHER RELATED ASSISTANCE PROGRAMS, INCLUDING THE MINORITY-SERVING INSTITUTION (MSI) PROGRAM, THE FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION (FIPSE), AND THE SUPPLEMENTAL SUPPORT UNDER THE AMERICAN RESCUE PLAN (SSARP) AMOUNTED TO 36.7 MILLION FOR THE YEAR ENDED JUNE 30, 2023. AS OF JUNE 30, 2023, APPROXIMATELY 86.49%, OF SUCH FUNDS HAD BEEN DISBURSED. THESE FUNDS ARE INCLUDED AS PART OF FEDERAL GRANTS AND CONTRACTS, AND OTHER SOURCES IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. true CENTRAL AMERICA AND THE CARIBBEAN PANAMA 1 4 PROGRAM SERVICES EDUCATIONAL-TUITION 285260 1 4 1 4 285260 285260 false false true false false false SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARIBBEAN PANAMA 285,260 0 SCHEDULE F, PAGE 5, PART V SCHEDULE F, PART I, LINE 2 - THE UNIVERSITY USES THE SAME PROCEDURES AND GUIDELINES TO ASSIGN GRANTS TO STUDENTS IN A FOREIGN LOCATION (PANAMA). STUDENTS WHO QUALIFY FOR GRANTS MUST MEET THE SAME GUIDELINES AND COMPLIANCE STRUCTURE AS PUERTO RICO/US BASED STUDENTS. GENERAL ACTIVIT 805930 805930 805930 805930 true STUDENT SCHOLARSHIP 19066 11512808 SCHEDULE I, PAGE 1, PART I, LINE 2 FINANCIAL AID ASSISTANCE ARE AWARDED BASED ON US, STATE, AND PRIVATE GUIDELINES AS REQUIRED BY THE TYPE OR SOURCE OF ASSISTANCE. X true true X X X false true true false false false false false false RAFAEL RAMIREZ PRESIDENT 180873 8551 189424 ANDRES PAGAN DEAN 110317 5486 115803 SCHEDULE J, PAGE 1, PART I, LINE 4 RAFAEL RAMIREZ 0 7,283 1,268 ANDRES PAGAN 0 3,000 2,486 A PUERTO RICO INDUSTRIAL TOURIST ED 690005004 745272EC4 2004-12-01 36923760 VARIOUS PROJECT false false false B FACILITIES FINANCING AUTHORITY 690066005 745272FP4 2012-08-07 63876350 REVENUE BONDS REFUNDING AND VARIOUS PROJECT. false false false C PUERTO RICO INDUSTRIAL TOURIST ED 911890324 745272GT5 2019-05-22 23006312 REVENUE BONDS METRO DORMITORIES. false false false A 36923760 2519943 1372490 33031327 2007 false false true true B 48554552 63876350 5017102 904696 9400000 2015 false false true true C 23006312 1643296 540540 20822476 2021 false false true true A false false false false false false false B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A true B true C true PURPOSE OF ISSUE DESCRIPTION PUERTO RICO INDUSTRIAL, TOURIST, EDU VARIOUS PROJECT PURPOSE OF ISSUE DESCRIPTION FACILITIES FINANCING AUTHORITY REVENUE BONDS REFUNDING AND VARIOUS PROJECT. PURPOSE OF ISSUE DESCRIPTION PUERTO RICO INDUSTRIAL, TOURIST, EDU REVENUE BONDS METRO DORMITORIES. FORM 990, PART V, LINE 4B PANAMA FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES HAS AN INTERNAL PROCEDURE TO EVALUATE, NOMINATE, AND VOTE FOR THE POSITIONS. FORM 990, PAGE 6, PART VI, LINE 11B A PRINTED COPY OF THE 990 RETURN IS PRESENTED TO THE BOARD OF TRUSTEES PRIOR FORMAL FILING TO IRS. THE RETURN IS COMPILED AND CALCULATED BASED UPON ITS AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION GATHERED FROM THE UNIVERSITY'S INTERNAL REPORTING SYSTEM. FORM 990, PAGE 6, PART VI, LINE 12C THE INSTITUTION HAS A WRITTEN POLICY AND SELF ASSESSMENT QUESTIONNAIRE TO MONITOR CONFLICT OF INTEREST AMONG KEY PERSONNEL, BOARD OF TRUSTEES AND OTHER RELATED TO THE INSTITUTION, WHICH IS DONE ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE HUMAN RESOURCES OFFICE COMPLIES MARKET DATA, TRENDS, AND OTHER INFORMATION TO ASSESS THE PERSONNEL'S COMPENSATIONS. IN ADDITION, FOR SOME POSITIONS THERE ARE COMMITTEES BEING ASSIGNED TO REVIEW AND EVALUATE PROSPECTIVE PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS, DIRECTORS, AND KEY EMPLOYEES IS BASED ON COMPARATIVE DATA FOR THE PROFESSIONAL DISCIPLINE IN THE MARKET AND WITH OTHER HIGHER EDUCATION INSTITUTIONS IN PUERTO RICO. FORM 990, PAGE 6, PART VI, LINE 19 THE INSTITUTION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND IN ITS WEB SITE. FORM 990, PART XI, LINE 9 EXTERNAL SUBSIDIARIES REVENUES 186,858 STUDENTS SCHOLARSHIPS -11,512,808 EXTERNAL SUBSIDIARIES EXPENSES -207,976 STUDENTS SCHOLARSHIPS 11,512,808 TOTAL -21,118 CENTRO UNIVERSITARIO INTER PANAMA CALLE LUIS BONILLA 117 CIUDAD DEL SABER PM 0843-03081 878211062 EDUCATION PM 183976 473701 INTER AMERICAN UNIVERSITY OF PUERTO RICO EMPRESAS INTEREX INC PO BOX 195274 HATO REY PR 00918 660517257 REAL ESTAT PR INTER AMERICAN UNIVERSITY OF PUERTO RICO C CORP 184953 1285442 1.00000 false INTER AGRICOLA CORP CALL BOX 10004 GUAYAMA PR 00785 660859450 AGRICULTUR PR INTER AMERICAN UNIVERSITY OF PUERTO RICO C CORP 1905 428255 1.00000 false false false false false false false false false false true false false false false false false false true false