2025-06-16T09:13:34-05:00 2024-07-31 440160260 FORVIS MAZARS LLP 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-08-01 412096004 ANA G MENDEZ UNIVERSITY INC ANAG 4075636501 5575 S SEMORAN BLVD SUITE 505 ORLANDO FL 32822 CARMELO TORRES REYES VP OF FINANCIAL AFFAIRS 4075636501 2025-06-11 1 1 HARRY E HARP P00176471 4077405400 2025-06-11 2023 2025-03-06 01:10:19Z CARMELO TORRES REYES 5575 S SEMORAN BLVD SUITE 505 ORLANDO FL 32822 75949175 0 X WWW.AGMU.EDU X 2003 DE SEE SCHEDULE O.AGMU WILL STRIVE TO BE THE PREMIER PRIVATE NOT-FOR-PROFIT HISPANIC SERVING INSTITUTION IN THE STATE OF FLORIDA. 7 6 1014 6 0 0 0 0 69762355 75745359 -23888 -236317 370809 203816 70109276 75712858 88679 123755 0 0 40715045 36647807 0 0 0 28579717 36991793 69383441 73763355 725835 1949503 40838047 44130973 40879820 42513400 -41773 1617573 X SEE SCHEDULE O.AGMU IS AN ACCREDITED POST-SECONDARY INSTITUTION COMMITTED TO DELIVERING ACADEMIC EXCELLENCE TO HISPANICS AND THE COMMUNITY AT LARGE THROUGH FACE-TO-FACE AND DISTANCE LEARNING MODALITIES. AGMU PROVIDES THE HIGHEST QUALITY EDUCATION, SERVICE, AND CONTINUING EDUCATION IN A BILINGUAL CULTURE AND ENVIRONMENT. WE STRIVE TO PROMOTE INNOVATION, RESEARCH, INCLUSION, AND COMMUNITY ENGAGEMENT WITH APPRECIATION AND RESPECT FOR DIVERSITY. 0 0 36601108 123755 75949175 ANA G MENDEZ UNIVERSITY, INC. OPERATES ACCELERATED, DUAL LANGUAGE EDUCATIONAL PROGRAMS THAT EDUCATE STUDENTS NOT ONLY IN THEIR AREA OF SPECIALTY, BUT MAXIMIZE STUDENTS' LINGUISTIC SKILLS IN ENGLISH AND IN SPANISH THROUGH CREATING EDUCATIONAL PRODUCTS AND SERVICES DESIGNED TO MEET THE NEEDS AND EXPECTATIONS OF THE COMMUNITY, FACILITATING ACCESS TO QUALITY HIGHER EDUCATION, ESTABLISHING EDUCATIONAL FACILITIES TO SERVE SPECIFIC MARKETS AND DEVELOPING STRATEGIC PARTNERSHIPS WITH OTHER EDUCATIONAL ENTITIES. 36601108 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 36 0 1 1014 1 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CARMELO TORRES REYES VP OF FINANCI 4075636501 5575 S SEMORAN BLVD SUITE 505 ORLANDO FL 32822 JOSE F MENDEZ MENDEZ PRESIDENT 9.00 31.00 X X 402979 885105 62268 HERMINIO MARTINEZ CHAIR 5.00 X 0 0 0 MIGDALIA TORRES RIVERA BOARD MEMBER 5.00 X 0 0 0 DELIA CASTILLO DE COLORADO BOARD MEMBER 5.00 X 0 0 0 RENE A SOTO TORRES BOARD MEMBER 5.00 X 0 0 0 UBALDO CATASUS BOARD MEMBER 5.00 X 0 0 0 RITA DIMARTINO BOARD MEMBER 5.00 X 0 0 0 CARMELO TORRES REYES VP OF FINANCIAL AFFAIRS 10.00 30.00 X 128750 238907 42715 RICARDO RODRIGUEZ DOMENECH EXECUTIVE ADVISOR TO THE PRESIDENT 12.00 28.00 X 324109 369129 56075 RAFAEL NADAL LEGAL COUNSELOR 10.00 30.00 X 309046 337348 58469 NICHOLAS NATALIZIO EXECUTIVE VP - ADMINISTRAT 40.00 X 307035 0 27352 SYNDIA NAZARIO-CARDONA ASSOC. VP OF GOVERNMENT AFFAIRS 40.00 X 253241 0 11915 ALEX RODRIGUEZ ASSOCIATE VP OF ENROLLMENT 40.00 X 173505 0 14174 EDUARDO NARVAEZ BOERSNER ASSOCIATE VP OF IT 40.00 X 166505 0 14160 RICARDO REYES ASSOCIATE VP OF ADMINISTRATION 40.00 X 159740 0 12072 KEITH RISHEL ASSOC. DEAN OF BEHAVIORAL SCIENCES 40.00 X 166341 0 1824 LISANDRA SUAREZ ASSOC. VP OF HUMAN RESOURCES 40.00 X 143877 0 12000 GINO Q NATALICCHIO CHANCELLOR (END. 03/23) 17.00 23.00 X 239993 251223 25074 2775121 2081712 338098 32 1 1 0 GRAHAM COMPANIES 6843 MAIN STREET MIAMI LAKES FL 33014 RENTAL SERVICES 610865 NISAN REALTY 5575 S SEMORAN BLVD STE 1502 ORLANDO FL 32822 RENTAL SERVICES 511330 YAMOVY LLC HUNTER RUN FRISCO TX 75035 RENTAL SERVICES 479425 GLU CORP 175 SW 7TH ST SUITE 1818 MIAMI FL 33130 ADVERTISING SERVICES 362414 FOUNTAIN OAKS BUSINESS CENTER INC 3603 W WATERS AVE TAMPA FL 33614 RENTAL SERVICES 281614 10 TUITION & FEES 611310 71966384 71966384 ADMINISTRATION SERVICE FEES 611310 3778975 3778975 75745359 236317 -236317 -236317 -236317 OTHER INCOME 611310 181462 181462 GRADUATION FEES 611310 22354 22354 203816 75712858 75949175 0 -236317 X 123755 123755 2094728 674992 1419736 313200 155409 157791 28568460 16260694 12307766 3361719 1668073 1693646 2309700 1146065 1163635 725932 725932 127090 127090 16285491 8080801 8204690 2815837 1397208 1418629 494195 245217 248978 2328126 1155208 1172918 4156130 2062257 2093873 800177 397045 403132 69420 34446 34974 1980592 1980592 3915448 1942831 1972617 759865 759865 OTHER EXPENSES 1804631 895450 909181 GRADUATION EXPENSES 264668 131327 133341 STUDENT SERVICES 252951 125513 127438 SUPPLIES AND EQUIPMENT 211240 104817 106423 73763355 36601108 37162247 0 6106908 10067732 1754800 3987680 1580947 413963 387258 30035984 11010312 18080942 19025672 12248554 11314564 40838047 44130973 3660554 3006425 2140306 2542022 15514682 10805020 19564278 26159933 40879820 42513400 X -41773 1617573 -41773 1617573 40838047 44130973 X 1949503 -290157 X X 0 1 X 1 0 X 8043968 238343 7805625 2728814 3240032 -511218 7986821 6363062 1623759 11276381 1168875 10107506 19025672 DEPOSITS 220108 RIGHT OF USE ASSET - LEASES 10934456 ESCROW 160000 11314564 DUE TO SUAGM 14220378 RIGHT OF USE ASSET - LEASES 11586721 OTHER PAYABLES 352834 26159933 X 75422701 -290157 -290157 75712858 0 75712858 73763355 0 73763355 0 73763355 PART X, LINE 2: AGMU WAS FORMED AS A CORPORATION UNDER THE LAWS OF THE STATE OF DELAWARE IN APRIL 2003. DURING THE YEAR ENDED JULY 31, 2018, AGMU APPLIED FOR TAX-EXEMPT STATUS IN CONNECTION WITH ITS CORPORATE RESTRUCTURING. IN SEPTEMBER 2018, AGMU WAS GRANTED RECOGNITION OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WITH AN EFFECTIVE DATE OF AUGUST 23, 2017. ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. AS OF JULY 31, 2024, WITH CERTAIN EXCEPTIONS, AGMU IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE TAXING AUTHORITIES FOR ANY YEARS PRIOR TO THE THREE MOST RECENT TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST SWAP AGREEMENTS -290,157. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMATORY POLICY IS LISTED IN STUDENT ADMISSIONS PACKETS AS WELL AS THE EMPLOYEE HANDBOOK. ANA G MENDEZ UNIVERSITY, INC. DOES NOT EXCLUDE PARTICIPATION, OR DENY BENEFITS OR DISCRIMINATE AGAINST ANY PERSON BECAUSE OF AGE, RACE, COLOR, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, NATIONAL ORIGIN, DISABILITY, SOCIAL STATUS; POLITICAL AFFILIATION, POLITICAL IDEAS, OR RELIGIOUS; OR BEING A VICTIM OR PERCEIVED AS A VICTIM OF DOMESTIC VIOLENCE, SEXUAL OR STALKLING AGGRESSION; OR BEING MILITARY, EX-MILITARY, SERVE, OR HAVE SERVED IN THE ARMED FORCES OF THE UNITED STATES, OR HOLD VETERAN STATUS, OR ANY OTHER CATEGORY PROTECTED BY LAW. 1 SCHOLARSHIPS 24 90182 GENERAL SUPPORT PRESIDENTIAL SCHOLARSHIPS 2 33573 GENERAL SUPPORT PART I, LINE 2: REQUESTS FOR FINANCIAL AID ARE EVALUATED BY THE EMPLOYEE TUITION BENEFIT PROGRAM COMMITTEE. DISBURSEMENTS ARE MADE TO THE EMPLOYEE STUDENT ACCOUNT TO COVER QUALIFIED EDUCATION COSTS UPON RECEIVING A PASSING GRADE. NO STUDENT MAY DEFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS, ACCORDINGLY, THE FILING ORGANIZATION DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. X X X X 1 0 X X X X X X 1 0 0 0 0 0 0 0 0 JOSE F MENDEZ MENDEZ PRESIDENT 362000 560000 39479 72153 1500 252952 22500 24000 4752 11016 430231 920121 0 0 RICARDO RODRIGUEZ DOMENECH EXECUTIVE ADVISOR TO THE PRESIDENT 259000 283400 13609 26500 51500 59229 22500 24000 0 9575 346609 402704 0 0 RAFAEL NADAL LEGAL COUNSELOR 234000 225000 13546 47268 61500 65080 22500 24000 3550 8419 335096 369767 0 0 GINO Q NATALICCHIO CHANCELLOR (END. 03/23) 184975 213756 32372 600 22646 36867 6000 14000 1006 4068 246999 269291 0 0 CARMELO TORRES REYES VP OF FINANCIAL AFFAIRS 128750 205200 0 26500 0 7207 7500 24000 0 11215 136250 274122 0 0 NICHOLAS NATALIZIO EXECUTIVE VP - ADMINISTRAT 225000 0 33047 0 48988 0 24000 0 3352 0 334387 0 0 0 SYNDIA NAZARIO-CARDONA ASSOC. VP OF GOVERNMENT AFFAIRS 164800 0 7129 0 81312 0 9000 0 2915 0 265156 0 0 0 ALEX RODRIGUEZ ASSOCIATE VP OF ENROLLMENT 150000 0 7000 0 16505 0 12000 0 2174 0 187679 0 0 0 EDUARDO NARVAEZ BOERSNER ASSOCIATE VP OF IT 150000 0 3305 0 13200 0 12000 0 2160 0 180665 0 0 0 RICARDO REYES ASSOCIATE VP OF ADMINISTRATION 129657 0 3668 0 26415 0 10500 0 1572 0 171812 0 0 0 KEITH RISHEL ASSOC. DEAN OF BEHAVIORAL SCIENCES 160000 0 0 0 6341 0 0 0 1824 0 168165 0 0 0 LISANDRA SUAREZ ASSOC. VP OF HUMAN RESOURCES 131667 0 0 0 12210 0 12000 0 0 0 155877 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOSE F. MENDEZ, PRESIDENT, AND RICARDO RODRIGUEZ DOMENECH, EXECUTIVE ADVISOR TO THE PRESIDENT, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED IN ITS ENTIRETY BY FINANCE MANAGEMENT. ANY QUESTIONS ARE RESOLVED WITH THE INDEPENDENT ACOUNTING FIRM THAT PREPARES THE RETURN. IN ADDITION, A COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY SHALL BE FURNISHED TO EACH DIRECTOR, COMMITTEE MEMBER, OFFICER, AND STAFF MEMBER. EACH NEW DIRECTOR, COMMITTEE MEMBER, OFFICER, AND STAFF MEMBER SHALL BE ADVISED OF THE POLICY UPON UNDERTAKING HIS OR HER RESPECTIVE DUTIES. EACH DIRECTOR, COMMITTEE MEMBER, OFFICER, AND STAFF MEMBER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A COMPARATIVE PROCESS FOR DETERMINING APPROPRIATE AND REASONABLE COMPENSATION FOR ITS PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES, INCLUDING REVIEW AND APPROVAL BY THE ORGANIZATION'S INDEPENDENT BOARD OF DIRECTORS. THE PROCESS INCLUDES THE USE OF COMPARABILITY DATA OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS IN OTHER NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND FUNCTION. THIS PROCESS INCLUDES CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 7,473,569. MANAGEMENT AND GENERAL EXPENSES 7,588,148. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,061,717. BANK FEES: PROGRAM SERVICE EXPENSES 607,232. MANAGEMENT AND GENERAL EXPENSES 616,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,223,774. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -290,157. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. SISTEMA UNIVERSITARIO ANA G MENDEZ INC PO BOX 21345 SAN JUAN PR 009281345 660201206 PR 501(C)(3) LINE 2 N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0