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Nonprofiteer
← DEWEY UNIVERSITY INC

Form 990 for tax year 2022

Filed by DEWEY UNIVERSITY INC.

Totals

Total revenue
$12,963,948
Total expenses
$11,302,406
Contributions and grants received
$2,391,070
Grants paid
$0
Program service revenue
$8,308,482
Investment income
$316,620
Other revenue
$1,947,776
Total assets, end of year
$41,079,713
Total liabilities, end of year
$22,552,094
Net assets or fund balances, end of year
$18,527,619
Program services expenses (Part IX)
$8,190,829
Management and general expenses
$3,111,577
Fundraising expenses
$0
Program service expenses (Part III)
$8,190,829

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,391,070

  • 2a · Program service revenue: FEDERAL STUDENTS AID

    total $8,308,482 · related or exempt $8,308,482

  • 3 · Investment income

    total $316,620 · related or exempt $316,620

  • 11a · Other revenue: PAYCHECK PROTECTION PROGRAM

    total $1,631,764 · related or exempt $1,631,764

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $300,000 · related or exempt $300,000

  • 11c · Other revenue: OTHER INCOME

    total $16,012 · related or exempt $16,012

  • 11e · Other revenue, total

    $1,947,776

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $843,199 · program services $379,441 · management and general $463,758

  • 7 · Other salaries and wages

    total $3,782,222 · program services $2,562,476 · management and general $1,219,746

  • 9 · Other employee benefits

    total $97,801 · program services $1,204 · management and general $96,597

  • 10 · Payroll taxes

    total $479,267 · program services $479,267

  • 11a · Fees: management

    total $64,220 · management and general $64,220

  • 11b · Fees: legal

    total $25,050 · management and general $25,050

  • 11g · Fees: other

    total $351,738 · management and general $351,738

  • 12 · Advertising and promotion

    total $224,945 · management and general $224,945

  • 13 · Office expenses

    total $6,899 · management and general $6,899

  • 16 · Occupancy

    total $1,900,152 · program services $1,802,720 · management and general $97,432

  • 17 · Travel

    total $15,128 · program services $15,128

  • 19 · Conferences, conventions and meetings

    total $141,322 · management and general $141,322

  • 20 · Interest

    total $458,481 · program services $434,972 · management and general $23,509

  • 22 · Depreciation, depletion and amortization

    total $1,401,476 · program services $1,329,614 · management and general $71,862

  • 23 · Insurance

    total $259,563 · management and general $259,563

  • 24a · Other expenses: UTILITIES

    total $496,499 · program services $471,041 · management and general $25,458

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $395,534 · program services $366,485 · management and general $29,049

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $203,386 · program services $192,957 · management and general $10,429

  • 24d · Other expenses: MAINTENANCE SUPPLIES

    total $62,373 · program services $62,373

  • 24e · All other expenses

    total $93,151 · program services $93,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,560,577 · end of year $5,944,184

  • 4 · Accounts receivable

    beginning of year $192,992 · end of year $246,847

  • 9 · Prepaid expenses and deferred charges

    beginning of year $261,657 · end of year $282,113

  • 10a · Land, buildings and equipment: cost or other basis

    $43,370,198

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,828,029

  • 10c · Land, buildings and equipment, net

    beginning of year $23,901,443 · end of year $23,542,169

  • 15 · Other assets

    beginning of year $1,922,735 · end of year $11,064,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,852,826 · end of year $958,286

  • 23 · Secured mortgages and notes payable

    beginning of year $14,069,561 · end of year $12,145,298

  • 25 · Other liabilities

    beginning of year $50,940 · end of year $9,448,510

  • 27 · Net assets without donor restrictions

    beginning of year $16,866,077 · end of year $18,527,619

Mission and programs · 2022

Mission

NON PROFIT EDUCATIONAL INSTITUTION WITH TEN FACILITIES LOCATED IN CAROLINA, HATO REY, JUANA DIAZ, MANATI, BAYAMON, AND FAJARDO. THE UNIVERSITY IS LICENSED BY THE PR GENERAL COUNCIL AND ACCREDITED BY THE ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION.

Activities or mission (Part I)

DEWEY UNIVERSITY IS A PRIVATE NON PROFIT EDUCATIONAL INSTITUTION WITH TEN EDUCATIONAL FACILITIES.

  • TO TRAIN STUDENTS OR THE EMPLOYMENT MARKET IN THEIR INITIATION IN CONTINUED PROFESSIONAL, INTELLECTUAL, AND PERSONAL DEVELOPMENT.

    Expenses $8,190,829 · Revenue $12,963,948

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlos A Quiones

    PRESIDENT

    Total calculated
    $110,808
    From this org
    $110,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yelitza Feliciano

    VICE-PRESIDE

    Total calculated
    $87,598
    From this org
    $87,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mayra Villanova

    FINANCIAL AI

    Total calculated
    $52,944
    From this org
    $52,944
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Glenis I Vlez Olivencia

    HR VICE-PRES

    Total calculated
    $74,897
    From this org
    $74,897
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Ubinas Taylor

    EXTERNAL RES

    Total calculated
    $61,011
    From this org
    $61,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amarilys Espada Miranda

    COMPLIANCE D

    Total calculated
    $52,208
    From this org
    $52,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yesenia Machuca

    MARKETING DI

    Total calculated
    $47,812
    From this org
    $47,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mara Soto Simonetti

    ADM DEAN-HAT

    Total calculated
    $57,748
    From this org
    $57,748
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gilmarie Vale Figueroa

    BRANCH DIREC

    Total calculated
    $54,600
    From this org
    $54,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Viviana Torres Aguilar

    BRANCH DIRE-

    Total calculated
    $51,190
    From this org
    $51,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sahilys Guzman Landron

    ACADEMIC DEA

    Total calculated
    $46,333
    From this org
    $46,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marcos Cruz Rivera

    MIS DIRECTOR

    Total calculated
    $22,100
    From this org
    $22,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Esthefany De La Cruz Garrido

    INFRASTUCTUR

    Total calculated
    $21,186
    From this org
    $21,186
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yesenia Carrion Sanchez

    FINANCE DIRE

    Total calculated
    $68,668
    From this org
    $68,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yolanda Morales Wong

    BRANCH DIREC

    Total calculated
    $34,094
    From this org
    $34,094
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ABSOLUTE COMMUNITY INVESTMENTS INC

    C CORP · RENT · PR

  • SOUTH INVESTMENT PROPERTIES INC

    C CORP · RENT · PR

  • NEW BEGINNINGS CORP

    C CORP · RENT · PR

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349316688

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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