Skip to content
Nonprofiteer
← DEWEY UNIVERSITY INC

Form 990 for tax year 2023

Filed by DEWEY UNIVERSITY INC.

Totals

Total revenue
$14,291,618
Total expenses
$11,922,900
Contributions and grants received
$2,294,878
Grants paid
$0
Program service revenue
$8,516,400
Investment income
$164,722
Other revenue
$3,315,618
Total assets, end of year
$39,498,406
Total liabilities, end of year
$18,602,069
Net assets or fund balances, end of year
$20,896,337
Program services expenses (Part IX)
$8,117,722
Management and general expenses
$3,805,178
Fundraising expenses
$0
Program service expenses (Part III)
$8,117,722

Program services were 68.1% 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)

    $2,294,878

  • 2a · Program service revenue: FEDERAL STUDENTS AID

    total $8,516,400 · related or exempt $8,516,400

  • 3 · Investment income

    total $164,722 · related or exempt $164,722

  • 6a · Gross rents

    real property $620,301

  • 6c · Rental income or loss

    real property $620,301

  • 6d · Net rental income or loss

    total $620,301 · related or exempt $620,301

  • 11a · Other revenue: GAIN ON FORGIVENESS OF DEBT

    total $2,113,045 · related or exempt $2,113,045

  • 11b · Other revenue: EMPLOYEE RETENTION TAX CREDIT

    total $529,569 · related or exempt $529,569

  • 11c · Other revenue: OTHER INCOME

    total $52,703 · related or exempt $52,703

  • 11e · Other revenue, total

    $2,695,317

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $936,521 · program services $421,435 · management and general $515,086

  • 7 · Other salaries and wages

    total $3,616,317 · program services $2,401,941 · management and general $1,214,376

  • 9 · Other employee benefits

    total $163,354 · program services $67,711 · management and general $95,643

  • 10 · Payroll taxes

    total $460,807 · program services $460,807

  • 11a · Fees: management

    total $74,561 · management and general $74,561

  • 11b · Fees: legal

    total $46,259 · management and general $46,259

  • 11g · Fees: other

    total $389,779 · management and general $389,779

  • 12 · Advertising and promotion

    total $169,460 · management and general $169,460

  • 13 · Office expenses

    total $4,098 · management and general $4,098

  • 16 · Occupancy

    total $1,468,317 · program services $1,393,028 · management and general $75,289

  • 17 · Travel

    total $21,587 · program services $21,587

  • 19 · Conferences, conventions and meetings

    total $168,229 · management and general $168,229

  • 20 · Interest

    total $417,964 · program services $396,533 · management and general $21,431

  • 22 · Depreciation, depletion and amortization

    total $1,553,266 · program services $1,473,621 · management and general $79,645

  • 23 · Insurance

    total $289,633 · management and general $289,633

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $636,160 · program services $314,623 · management and general $321,537

  • 24b · Other expenses: UTILITIES

    total $509,913 · program services $483,767 · management and general $26,146

  • 24c · Other expenses: PROVISION FOR CREDIT LOSS

    total $200,874 · program services $190,574 · management and general $10,300

  • 24d · Other expenses: LICENSES & ACCREDITATIONS

    total $199,758 · program services $199,758

  • 24e · All other expenses

    total $596,043 · program services $292,337 · management and general $303,706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,944,184 · end of year $5,257,463

  • 4 · Accounts receivable

    beginning of year $246,847 · end of year $256,245

  • 9 · Prepaid expenses and deferred charges

    beginning of year $282,113 · end of year $286,808

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

    $44,809,785

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

    $21,362,551

  • 10c · Land, buildings and equipment, net

    beginning of year $23,542,169 · end of year $23,447,234

  • 15 · Other assets

    beginning of year $11,064,400 · end of year $10,250,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $958,286 · end of year $806,590

  • 23 · Secured mortgages and notes payable

    beginning of year $12,145,298 · end of year $9,382,548

  • 25 · Other liabilities

    beginning of year $9,448,510 · end of year $8,412,931

  • 27 · Net assets without donor restrictions

    beginning of year $18,527,619 · end of year $20,896,337

Mission and programs · 2023

Mission

NON PROFIT EDUCATIONAL INSTITUTION WITH FOUR EDUCATIONAL FACILITIES LOCATED IN CAROLINA, HATO REY, JUANA DIAZ, AND MANATI. 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 WHEREBY ITS STUDENTS COULD BENEFIT, UPON QUALIFICATION, FROM VARIOUS FEDERAL STUDENT AID PROGRAMS.

Activities or mission (Part I)

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

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

    Expenses $8,117,722 · Revenue $14,291,618

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlos A Quiones Alfonso

    PRESIDENT

    Total calculated
    $114,609
    From this org
    $114,609
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yelitza Feliciano Sanchez

    VICE-PRESIDE

    Total calculated
    $87,902
    From this org
    $87,902
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mayra Vilanova Alfonso

    FINANCIAL AI

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

  • Glenis I Vlez Olivencia

    HR VICE-PRES

    Total calculated
    $75,193
    From this org
    $75,193
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Ubinas Taylor

    EXTERNAL RES

    Total calculated
    $57,382
    From this org
    $57,382
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amarilys Espada Miranda

    COMPLIANCE D

    Total calculated
    $52,206
    From this org
    $52,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yesenia Machuca Lucas

    MARKETING DI

    Total calculated
    $55,416
    From this org
    $55,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mara Soto Simonetti

    ADM DEAN-HAT

    Total calculated
    $58,199
    From this org
    $58,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gilarie Vale Figueroa

    BRANCH DIREC

    Total calculated
    $56,074
    From this org
    $56,074
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ileana Paris Perez

    BRANCH DIRE-

    Total calculated
    $53,599
    From this org
    $53,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Viviana Torres Aguilar

    BRANCH DIRE-

    Total calculated
    $53,824
    From this org
    $53,824
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sahilys Guzman Landron

    ACADEMIC DEA

    Total calculated
    $49,932
    From this org
    $49,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marcos Cruz Rivera

    MIS DIRECTOR

    Total calculated
    $36,025
    From this org
    $36,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Esthefany De La Cruz Garrido

    INFRASTUCTUR

    Total calculated
    $14,377
    From this org
    $14,377
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aracelis Molina Garcia

    FINANCE DIRE

    Total calculated
    $48,765
    From this org
    $48,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yolanda Morales Wong

    BRANCH DIREC

    Total calculated
    $23,350
    From this org
    $23,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yesenia Carrion Sanchez

    FINANCE DIRE

    Total calculated
    $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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531299349302623

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

The source document this was parsed from is served over the API, which is where bulk and document access live.