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Nonprofiteer
← UNIVERSIDAD CENTRAL DEL CARIBE INC

Form 990 for tax year 2022

Filed by UNIVERSIDAD CENTRAL DEL CARIBE INC.

Totals

Total revenue
$25,323,245
Total expenses
$22,636,257
Contributions and grants received
$6,333,179
Grants paid
$0
Program service revenue
$16,884,498
Investment income
$1,252,920
Other revenue
$852,648
Total assets, end of year
$39,529,590
Total liabilities, end of year
$3,494,797
Net assets or fund balances, end of year
$36,034,793
Program services expenses (Part IX)
$22,210,802
Management and general expenses
$425,455
Fundraising expenses
$0
Program service expenses (Part III)
$22,210,802

Program services were 98.1% 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)

    $6,287,479

  • 1f · All other contributions, gifts and grants

    $45,700

  • 2a · Program service revenue: TUITION AND FEES

    total $15,835,941 · related or exempt $15,835,941

  • 2b · Program service revenue: AUXILIARY ENTERPRISE SALES AN

    total $576,577 · related or exempt $576,577

  • 2c · Program service revenue: AFFILIATED HOSPITALS

    total $471,980 · related or exempt $471,980

  • 3 · Investment income

    total $1,252,920 · related or exempt $1,252,920

  • 11a · Other revenue: OTHER REVENUES

    total $667,998 · related or exempt $667,998

  • 11b · Other revenue: MEDICAL BOARD EXAMINATION CON

    total $184,650 · related or exempt $184,650

  • 11e · Other revenue, total

    $852,648

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $396,106 · program services $384,223 · management and general $11,883

  • 7 · Other salaries and wages

    total $10,399,817 · program services $10,087,822 · management and general $311,995

  • 9 · Other employee benefits

    total $606,426 · program services $588,233 · management and general $18,193

  • 10 · Payroll taxes

    total $831,402 · program services $806,460 · management and general $24,942

  • 11b · Fees: legal

    total $199,820 · program services $199,820

  • 11g · Fees: other

    total $1,948,076 · program services $1,889,634 · management and general $58,442

  • 12 · Advertising and promotion

    total $125,204 · program services $125,204

  • 16 · Occupancy

    total $68,781 · program services $68,781

  • 22 · Depreciation, depletion and amortization

    total $1,028,082 · program services $1,028,082

  • 23 · Insurance

    total $282,147 · program services $282,147

  • 24a · Other expenses: OTHER MISCELLANEOUS

    total $3,926,898 · program services $3,926,898

  • 24b · Other expenses: UTILITIES

    total $996,108 · program services $996,108

  • 24c · Other expenses: REPAIRS

    total $873,367 · program services $873,367

  • 24d · Other expenses: FACILITIES & ADM COSTS

    total $685,168 · program services $685,168

  • 24e · All other expenses

    total $268,855 · program services $268,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,349,970 · end of year $4,466,254

  • 4 · Accounts receivable

    beginning of year $1,588,966 · end of year $2,111,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $880,993 · end of year $1,094,910

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

    $27,544,737

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

    $22,479,828

  • 10c · Land, buildings and equipment, net

    beginning of year $4,993,339 · end of year $5,064,909

  • 11 · Investments: publicly traded securities

    beginning of year $18,657,207 · end of year $26,792,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,764,777 · end of year $2,897,863

  • 25 · Other liabilities

    beginning of year $357,893 · end of year $596,934

  • 27 · Net assets without donor restrictions

    beginning of year $32,320,056 · end of year $35,256,547

  • 28 · Net assets with donor restrictions

    beginning of year $1,027,749 · end of year $778,246

Mission and programs · 2022

Mission

TO FORM COMPETENT DIVERSE HEALTH PROFESSIONALS WITH AN EXCELLENT ACADEMIC PREPARATION WITHIN A HUMANISTIC AND HOLISTIC FRAMEWORK.

Activities or mission (Part I)

PREPARE HIGH-QUALITY AND COMITTED HEALTH PROFESSIONALS TO MEET THE HEALTH NEEDS OF THE COMMUNITY IN ITS BIOLOGICAL,PHYSICAL, AND SOCIAL CONTEXT WITH HUMANISTIC FOCUS.

  • EDUCATIONAL PROGRAMS - TO PROVIDE UNDERGRADUATED AND GRADUATE STUDIES AND PROFESSIONAL CERTIFICATIONS IN HEALTH SCIENCES.

    Expenses $13,435,212 · Revenue $15,835,941

  • AFFILIATED HOSPITAL ADMINISTRATION - TO PROVIDE CLINICAL TEACHING AND PRIMARY HEALTHCARE SERVICES WITHIN THE REGION. THE HOSPITAL IS ORGANIZED TO OPERATE A SCHOOL OF MEDICINE WHICH IS ACCREDITED BY THE COUNCIL OF GRADUATE MEDICAL EDUCATION(ACGME).

    Expenses $442,597 · Revenue $471,980

  • AUXILIARY ENTERPRISE SALES AND SERVICES

    Expenses $940,450 · Revenue $576,577

  • OTHER REVENUES GENERATED AND EXPENSES INCURRED AS COMPLEMENT OF THE PRINCIPAL EXEMPT PURPOSE ACCOMPLISHMENTS MENTIONED ON PART III LINES 4A, 4B AND 4C.

    Expenses $7,392,543

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

Listed in Part VII

  • Waleska Crespo

    UCC PRESIDEN

    Total calculated
    $263,032
    From this org
    $263,032
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $263,032
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $263,032

  • Ariel Davila

    UCC VICE PRE

    Total calculated
    $133,074
    From this org
    $133,074
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Oscar Gonzalez Badillo

    SECRETARY, B

    Total calculated
    $0
    Hours/week
    0.5

  • Edgardo Fabregas

    TREASURER, B

    Total calculated
    $0
    Hours/week
    0.5

  • Carla Fernandez

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Adolfo Krans

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Ernesto A Melendez Perez

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • David Rive Power

    PRESIDENT, B

    Total calculated
    $0
    Hours/week
    0.5

  • Eduardo J Ramos

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Jodie Roure

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Luis Batista Salas

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Jose A Santana

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

  • Omar A Gonzalez Yanes

    MEMBER, BOT

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349305868

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