2025-05-13T17:41:22-07:00 2024-06-30 990 2023-07-01 660177776 INTER AMERICAN UNIVERSITY OF PUERTO RICO INTE 7877661912 PO Box 363255 San Juan PR 00936 Orlando Gonzalez VP of Finance 7877661912 2025-02-17 1 2023 2025-03-06 01:10:19Z ORLANDO GONZALEZ PO BOX 363255 SAN JUAN PR 009363255 241227648 0 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 DEMOCRATECALLY VALUES. 15 0 2624 0 188477 0 47432610 39137030 161958709 163901268 5981568 11780619 40088624 26408731 255461511 241227648 11512808 9874559 0 129590314 125674972 0 0 89130 109881877 108753341 250984999 244302872 4476512 -3075224 761346261 785275436 82259915 80690835 679086346 704584601 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 HIGHER STANDARDS, ETHICAL AND DEMOCRATICALLY VALUES. 0 0 158963640 9874559 209826406 DURING THE 2023-2024 FISCAL YEAR, THE UNIVERSITY PROVIDED EDUCATIONAL SERVICES FOR OVER 25,163 STUDENTS ON ITS CAMPUS AND CENTERS. OVER 5,011 EDUCATIONAL DEGREES WERE GRANTED IN SEVERAL FIELDS OF STUDIES RANGING FROM ASSOCIATES UP TO DOCTORAL DEGREES, OPTOMETRY DEGREES AND LAW DEGREES. 0 0 0 158963640 1 0 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 0 0 1 2624 1 0 1 PM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 0 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 FL X ORLANDO GONZALEZ 7877661912 PO BOX 363255 SAN JUAN PR 00936 RAFAEL RAMIREZ PRESIDENT 40 0.00 X X 181020 0 9021 MARILINA LUCCA WAYLAND CHANCELLOR 40 X 138432 0 6892 JULIO FONTANET MALDONADO DEAN 40 X 126204 0 6280 ORLANDO GONZALEZ GONZALEZ VP OF FINANCE 40 X 120600 0 6000 VILMA COLON ACOSTA CHANCELLOR 40 X 115464 0 5743 JACQUELINE ALVAREZ PENA VP ACADEMIC AFFAIRS 40 X 120600 0 0 ANDRES PAGAN FIGUEROA DEAN 40 X 110400 0 5490 ELIE AGESILAS CHANCELLOR 40.00 X 110220 0 5481 CARLOS OLIVARES CHANCELLOR 40.00 X 109260 0 5433 KAREN WOOLCOCK RODRIGUEZ DEAN 40.00 X 108600 0 5400 VILMA MARTINEZ TORO DEAN 40 X 108600 0 5400 JUAN NEGRON BERRIOS CHANCELLOR 40 X 102504 0 5095 RAFAEL CANALES PASTRANA CHANCELLOR 40.0 X 96600 0 4800 JOSE ROMERO VAZQUEZ CHANCELLOR 40.00 X 86891 0 4200 VICTOR FELIBERTY RUBERTE DEAN 40.0 X 85260 0 4233 EVELYN CASTILLO SORRENTINI DEAN 40.00 X 75216 0 3731 NORBERTO DOMINGUEZ RODRIGUEZ VP OF RELIGIOUS AFFAIRS 40.0 X 71520 0 3546 NYDIA FELICIANO BURGOS DEAN 40 X 69264 0 2003 ANGELA DE JESUS ALICEA CHANCELLOR 40.00 X 15301 0 0 ELIEZER ALVAREZ DIAZ VICE CHAIRMAN 10.00 X 0 0 0 RAMON AYALA CUERVOS BOARD MEMBER 10.00 X 0 0 0 GLORIA CORDERO GONZALEZ BOARD MEMBER 10 0 X 0 0 0 JUAN G FELICIANO VALERA BOARD MEMBER 10.0 0 X 0 0 0 JOSE A FIGUEROA SANTAELLA BOARD MEMBER 10 0 X 0 0 0 JORGE L FUENTES BENEJAN BOARD MEMBER 10 0 X 0 0 0 SAMUEL LIZARDI RIVERA TREASURER OF THE BOARD 10 X 0 0 0 DOMINGO MAS RIVERA CHAIRMAN OF THE BOARD 10 X 0 0 0 AIDA N MOLINARY DE LA CRUZ ASSISTANT SECRETARY 10 X 0 0 0 MANUELITA MUNOZ RIVERA DEPUTY TREASURER 10.00 X 0 0 0 ANTONIO R PAVIA BIBILONI BOARD MEMEBER 10 0 X 0 0 0 JUAN JOSE PEREZ ALDA BOARD MEMBER 10 X 0 0 0 FELIPE PIAZZA VAZQUEZ BOARD MEMBER 10 X 0 0 0 VICTOR RIVERA HERNANDEZ BOARD MEMBER 10 X 0 0 0 MARCELINA VELEZ DE SANTIAGO SECRETARY OF THE BOARD 10 0 X 0 0 0 1951956 0 88748 12 0 1 1 TRIPLE S SALUD PO BOX 363628 SAN JUAN PR 00936 INSURANCE 10273677 AIG INSURANCE CO OF PUERTO RICO PO BOX 10181 SAN JUAN PR 00908 INSURANCE 2897721 PLANET SOLAR ANTILLAS LLC BAIROA SEC INDUSTRIAL CARTAGENA CARR 1 KM 30 1 BKGD 1 CAGUAS PR 00725 RENEWABLE ENERGY 2816880 COOP AHORRO Y CREDITO-INTERMETRO PO Box 195346 SAN JUAN PR 009195346 FINANCIAL AND NON-FINANCIAL SERVICES 2048836 ELLUCIAN 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 SOFTWARE 1857115 184 0 0 869228 0 0 38267802 0 39137030 TUITION AND FEES 611310 163901268 163901268 0 0 0 0 0 0 163901268 7131789 0 0 7131789 0 0 0 0 0 0 0 0 0 0 4648830 0 0 0 4648830 0 4648830 0 0 4648830 0 0 0 0 0 0 AUXILIARY ENTERPRISES 900099 21526683 21526683 0 0 OTHER SOURCES 900099 4537351 4537351 0 0 REVENUE FROM EXTERNAL SUBSIDIARIES 611310 344697 156220 188477 0 0 0 0 0 26408731 241227648 190121522 188477 11780619 0 0 9874559 9874559 2040704 2040704 99183059 76377471 22805338 250 2741884 2036451 705433 12212925 6987304 5225621 9496400 5946407 3549974 19 2453368 180 2453188 204325 204325 65000 65000 22878174 11117933 11750669 9572 3071074 1207329 1863618 127 694344 329925 364419 6741678 2602754 4138924 4089 4089 509000 299452 205155 4393 620949 386794 234155 237635 147254 90381 1679023 660334 1018689 25381534 16267384 9113505 645 5463959 14793 5449166 UTILITIES 14326855 10195192 4131663 ADMINISTRATIVE EXPENSES 9151530 6444167 2685862 21501 STUDENT RELATED EXPENSES 5151213 4249575 857158 44480 EDUCATION & LAB MATERIALS 2407760 1854062 548792 4906 7711831 1960231 5748363 3237 244302872 158963640 85250102 89130 92182683 104657908 643907 21890926 10430057 2149876 3012364 0 0 731122 673692 9682292 9325665 712340864 389104610 331226830 323236254 290829030 322096594 12009595 11842902 761346261 785275436 25799308 29519078 3072843 3086582 41368898 37291030 1218667 940543 10800199 9853602 82259915 80690835 X 676772143 702184166 2314203 2400435 679086346 704584601 761346261 785275436 X -3075224 28573479 0 0 0 0 X 0 1 X 1 1 1 X 7 0 0 0 0 0 2400435 0 0 0 0 279663 0 0 X X X X 0 291417203 130627 36580220 15977 5373238 360117 322378718 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 0.9925 0.006 0.0015 0 0 0 47654487 47654487 0 373174845 208426290 164748555 0 41219501 30187146 11032355 0 175238318 101446378 73791940 0 75053713 49044796 26008917 323236254 DOMESTIC AND INTERNATIONAL EQUITY 206588563 F FIXED INCOME 69742694 F HEDGE FUNDS 30984311 F ALL ASSETS 14781026 F 322096594 0 DEFERRED COMPENSATION 7114282 OPERATING LEASE LIABILITY 2571621 STUDENTS' DEPOSIT 167699 9853602 X 269801127 28573479 0 0 0 28573479 241227648 0 0 0 241227648 234428313 0 0 0 0 0 234428313 0 9874559 9874559 244302872 Schedule D, Part III, Line 4 THE UNIVERSITY HAS RECEIVED SEVERAL WORK OF ARTS FROM DISTINGUISHED WRITERS, ARTISTS, INDIVIDUAL AND COMPANIES FOR EDUCATIONAL EXHIBITION, PRESERVATION AND RESEARCH. Schedule D, Part V, Line 4 THE INVESTMENT COMITTEE, IN COMPLIANCE WITH THE MANDATE OF 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 UNVIVERSITY. Schedule D, Part X THE UNIVERSITY HAS RECEIVED SEVERAL WORK OF ARTS FROM DISTINGUISHED WRITERS, ARTISTS, INDIVIDUAL AND COMPANIES FOR EDUCATIONAL EXHIBITION, PRESERVATION AND RESEARCH. 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 THE 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, 2024, 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, Part XI, Line 2d External Subsidiaries Revenues: $156,220 Schedule D, Part XI, Line 4b STUDENTS SCHOLARSHIPS $9,874,559;EXTERNAL SUBSIDIARIES EXPENSES: 270,087 Schedule D, Part XII, Line 4b STUDENTS SCHOLARSHIPS: $9,874,559 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, 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, Part I, 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 FUND 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 FIANCIAL AND COMPLIANCE AUDITS IN ACCORDANCE WITH THE PROVISIONS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIERMENTS 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. TERMPORARILY RESTRICTED NET ASSETS CONSIST MAINLY O FEDERAL GRANTS RECEIVED FROM THE DEPARTMENT UNDER THE TITLE V PROGRAM, STRENGTHENING INSTITUTIONS PROGRAM GRANT, TOGETHER WITH THE INCOME EARNED ON THAT AMOUNT. THE UNVIERSITY MATCHES THIS GRANT IN ACCORDANCE WITH DONOR STIPULATIONS. 1 Central America and the Caribbean 1 3 Program Services EDUCATIONAL-TUITION 270087 1 3 270087 0 0 1 0 0 0 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 ACTIVITIES 869228 0 869228 0 0 0 0 0 0 0 0 869228 0 869228 0 0 0 0 0 0 0 869228 1 STUDENT SCHOLARSHIP 16337 9874559 0 Schedule I, Part I, Line 2 Part I, Line 2-Procedures for Monitoring the Use of Grant Funds FINANCIAL AID ASSISTANCE ARE AWARDED BASED ON US, STATE AND PRIVATE GUIDELINES AS REQUIRED BY THE TYPE OR SOURCE OF ASSISTANCE. X 1 1 X X X 0 1 1 0 0 0 0 0 0 RAFAEL RAMIREZ PRESIDENT 181020 0 0 0 0 0 9021 0 0 0 190041 0 0 ANDRES PAGAN FIGUEROA DEAN 115890 0 0 0 0 0 5490 0 0 0 121380 0 0 Schedule J, Part I, Line 1a An executive/Officer received housing allowances as part of her compensation Schedule J, Part I, Line 4 NONQUALIFIED: RAFAEL RAMIREZ: 23,341; ANDRES PAGAN: 3,000 A UNIVERSIDAD INTERAMERICANA DE PUERTO RICO 660177776 745272EC4 2004-12-01 36923760 VARIOUS PROJECT 0 0 0 B UNIVERSIDAD INTERAMERICANA DE PUERTO RICO INC 660177776 745272FP4 2012-08-07 63876350 SEE PART VI 0 0 0 C UNIVERSIDAD INTERAMERICANA DE PUERTO RICO INC 660177776 745272GT5 2019-05-22 23006312 SEE PART VI 0 0 0 A 0 0 36923760 2519943 0 0 1372490 0 0 33031327 0 0 2007 0 0 1 1 B 48554552 0 63876350 5017102 0 0 904696 0 0 9400000 0 0 2015 0 0 1 1 C 0 0 23006312 1643296 0 0 540540 0 0 20822476 0 0 2021 0 0 1 1 A 0 0 0 0 0 0 0 B C A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 Schedule K, Part I-12/01/2004 36,923,760 UNIVERSIDAD INTERAMERICANA DE PUERTO RICO PUERTO RICO INDUSTRIAL, TOURIST-VARIOUS PROJECTS Schedule K, Part I-08/07/2012 63,876,350 UNIVERSIDAD INTERAMERICANA DE PUERTO RICO INC FACILITIES FINANCING AUTHORITY REVENUE BONDS REFUNDING AND VARIOUS PROJECTS. Schedule K, Part I-05/22/2019 23,006,312 UNIVERSIDAD INTERAMERICANA DE PUERTO RICO INC PUERTO RICO INDUSTRIAL TOURIST EDU REVENUE BOND METRO DORMITORIES Form 990, Part V, Line 4b Panama Form 990, Part VI, Section A, Line 7a THE BOARD OF TRUSTEES HAS AN INTERNAL PROCEDURE TO EVALUATE, NOMINATE, AND VOTE FOR THE POSITIONS. Form 990, Part VI, Section B, 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, Part VI, Section B, 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, Part VI, Section B, Line 15 a. 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. b. 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, Part VI, Section C, 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: $ 156,220, STUDENTS SCHOLARSHIPS: $ (9,874,559), EXTERNAL SUBSIDIARIES EXPENSES: $ 270,087, STUDENTS SCHOLARSHIPS: $9,874,559 TOTAL: $ (113,867) CENTRO UNIVERSITARIO INTER PANAMA CALLE LUIS BONILLA 117 CIUDAD DEL SABER PM PM 0843-03081 878211062 EDUCATION PM 156220 727443 INTER EMPRESAS INTEREX PO BOX 195274 HATO REY PR 00918 660517257 REAL ESTATE PR INTER C 179662 1441579 1 0 INTER AGRICOLA CORP CALL BOX 10004 GUAYAMA PR 00785 660859450 AGRICULTURE PR INTER C 51547 415198 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0