CARIBBEAN UNIVERSITY INC

Address
PO BOX 493
BAYAMON, PUERTO RICO 00960-0493
RQ
Contact
Website: http://www.caribbean.edu
Phone: +1 (787) 780-0070
Nonprofit
NTEE: B42 - Undergraduate College (4-year)
EIN: 23-7409172

Mission

Provide Higher Education to sub-graduated, graduated or doctoral students under degree programs.
 20172016201520142013
Basic features of the organization
Year of formation1972
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$439,228.00$525,069.00$630,388.00  
Sum of reportable (W2/1099) compensation$439,228.00$525,069.00$186,538.00$164,615.00$175,000.00
Number of employees209828241241241
Number of people compensated >$100k11111
Number of volunteers00   
Number of highly compensated contractors5446 
Personnel
Badillo, Victor
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOR   
Name of key/compensated personVICTOR ADORNO BADILLOVICTOR ADORNO BADILLO   
Position of compensated person
Current officerTrue    
Current key employee (> $150k) True   
Average hours per week working for org4040   
Reportable compensation from org$50,880.00$55,883.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0    
Cucurella, Ana
TitlePRESIDENTPRESIDENT   
Name of key/compensated personANA E CUCURELLAANA E CUCURELLA   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$120,000.00$153,077.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0    
Donato, Humberto
Title TRUSTEE   
Name of key/compensated person HUMBERTO DONATO   
Position of compensated person
Average hours per week working for org 1   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0   
Font, Zobeida
Title TRUSTEE   
Name of key/compensated person ZOBEIDA FONT   
Position of compensated person
Average hours per week working for org 1   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0   
Garcia, Hector
Title VP FINANZAS   
Name of key/compensated person HECTOR GARCIA GARCIA   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $48,292.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Gracia, Hector
TitleVP FINANZAS    
Name of key/compensated personHECTOR GRACIA GRACIA    
Position of compensated person
Current officerTrue    
Average hours per week working for org40    
Reportable compensation from org$48,000.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0    
Huerta, Hector
TitleTREASURER OF BOARD OF DIRECTORSTREASURER OF BOARD OF DIRECTORS   
Name of key/compensated personHECTOR L HUERTAHECTOR L HUERTA   
Position of compensated person
Average hours per week working for org11   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Medina, Evaristo
TitlePRESIDENT OF BOARD OF DIRECTORSPRESIDENT OF BOARD OF DIRECTORS   
Name of key/compensated personEVARISTO MEDINAEVARISTO MEDINA   
Position of compensated person
Average hours per week working for org11   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Oliveras, Keneth
TitleSECRETARY OF BOARD OF DIRECTORSSECRETARY OF BOARD OF DIRECTORS   
Name of key/compensated personKENETH OLIVERASKENETH OLIVERAS   
Position of compensated person
Average hours per week working for org11   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Riefkohl, Jorge
TitleVP PLANNINGVP PLANNING   
Name of key/compensated personJORGE RIEFKOHLJORGE RIEFKOHL   
Position of compensated person
Current officerTrue    
Current key employee (> $150k) True   
Average hours per week working for org4040   
Reportable compensation from org$78,348.00$85,729.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0    
Rivera, Ana
Title  PRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person  ANA E CUCURELLA RIVERAANA E CUCURELLA RIVERAANA E CUCURELLA RIVERA
Position of compensated person
Current key employee (> $150k)  True  
Average hours per week working for org  40.00  
Reportable compensation from org  $186,538.00$164,615.00$175,000.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs   40.0040.00
Rivera, Nelly
TitleTRUSTEETRUSTEE   
Name of key/compensated personNELLY RIVERANELLY RIVERA   
Position of compensated person
Average hours per week working for org11   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Shiba, Hiromi
TitleMUSEUM DIRECTORMUSEUM DIRECTOR   
Name of key/compensated personHIROMI SHIBAHIROMI SHIBA   
Position of compensated person
Current officerTrue    
Current key employee (> $150k) True   
Average hours per week working for org4040   
Reportable compensation from org$78,000.00$51,369.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0    
Tirado, Israel
Title VP ADMINISTRATION   
Name of key/compensated person ISRAEL RODRIGUEZ TIRADO   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $60,888.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
del Valle Guzman, Maritza
TitleVP ACADEMIC AFFAIRSVP ACADEMIC AFFAIRS   
Name of key/compensated personMARITZA DEL VALLE GUZMANMARITZA DEL VALLE GUZMAN   
Position of compensated person
Current officerTrue    
Current key employee (> $150k) True   
Average hours per week working for org4040   
Reportable compensation from org$64,000.00$69,831.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesProvide Higher Education to sub-graduated, graduated or doctoral students under degree programs.Provide Higher Education to sub-graduated, graduated or doctoral students under degree programs.COLLEGE'S PROVISION OF HIGHER EDUCATION TO STUDENTS UNDER DEGREE PROGRAM.COLLEGE'S PROVISION OF HIGHER EDUCATION TO STUDENTS UNDER DEGREE PROGRAM.COLLEGE'S PROVISION OF HIGHER EDUCATION TO STUDENTS UNDER DEGREE PROGRAM.
Program service expenses, total$13,471,504.00$12,153,072.00$10,593,888.00$13,003,425.00$15,309,478.00
Programs, including revenue & expenses
Educational services for 2924 undergraduate and 644 graduate students.
Program expenses$13,471,504.00$12,153,072.00$10,593,888.00$13,003,425.00$15,309,478.00
Grants and allocations made$192,581.00$744,655.00   
Program revenue$20,428,827.00$22,482,291.00   
Program descriptionEducational services for 2924 undergraduate and 644 graduate students.Educational services for 3915 undergraduate and 951 graduate students.EDUCATION SERVICES 4,128 UNDERGRADUATE AND 1,013 GRADUATE STUDENTS.EDUCATION SERVICES 4,128 UNDERGRADUATE AND 1,013 GRADUATE STUDENTS.EDUCATION SERVICES 4,128 UNDERGRADUATE AND 1,013 GRADUATE STUDENTS.
Financial data
Revenue
Total revenue$20,428,827.00$23,036,374.00$25,280,007.00$26,451,630.00$28,518,306.00
Revenue from contributions (total)$192,581.00$744,655.00$0.00$0.00$0.00
Revenue from noncash contributions$0.00$0.00   
Investment income, current yr$690.00$1,320.00$1,695.00$4,999.00$31,595.00
Total revenue from grants, etc., current yr$192,581.00$744,655.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$586,943.00$552,763.00$2,844,088.00$2,316,336.00$3,378,563.00
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$19,648,613.00$21,737,636.00$22,434,224.00$24,130,295.00$25,108,148.00
Gross receipts$20,428,827.00$23,036,374.00$25,280,007.00$26,451,630.00$28,518,306.00
Sources of contributions
Revenue from federated campaigns$0.00$0.00   
Contributions revenue from membership dues$0.00$0.00   
Revenue from fundraising events$0.00$0.00   
Contributions from related organizations$0.00$0.00   
Revenue from gov't grants$192,581.00$744,655.00   
Revenue from all other contributions$0.00$0.00   
Other types of revenue
Royalties (total)$0.00$0.00   
Miscellaneous revenue (total)$586,943.00$552,763.00$2,844,088.00$2,316,336.00$3,378,563.00
Income from dividends, interest, and similar investments$690.00$1,320.00$1,695.00$4,999.00$31,595.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$20,153,098.00$24,556,407.00$27,439,702.00$28,080,776.00$30,077,639.00
Total functional expenses: program service $13,471,504.00$12,153,072.00$10,593,888.00$13,003,425.00$15,309,478.00
Total functional expenses: management and general$6,681,594.00$12,403,335.00$16,845,814.00$15,077,351.00$14,768,161.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$168,589.00$106,484.00$148,071.00$118,222.00$190,477.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)  $895,471.00  
Assets and liabilities
Total assets$48,798,850.00$48,995,269.00$50,100,562.00$51,256,715.00$53,136,798.00
Total assets, beginning of year$48,995,269.00$50,100,562.00$51,256,715.00$53,136,798.00$55,793,360.00
Total liabilities$33,140,343.00$33,612,491.00$33,197,751.00$32,218,689.00$32,469,626.00
Total liabilities, beginning of year$33,612,491.00$33,197,751.00$32,218,689.00$32,469,626.00$33,566,855.00
Unrestricted net assets, end of yr$15,528,981.00$15,253,252.00$16,773,285.00$18,908,500.00$20,537,646.00
Temporarily restricted net assets$0.00$0.00   
Permanently restricted net assets, end of yr$129,526.00$129,526.00$129,526.00$129,526.00$129,526.00
Net assets$15,658,507.00$15,382,778.00$16,902,811.00$19,038,026.00$20,667,172.00
Net assets, beginning of year$15,382,778.00$16,902,811.00$19,038,026.00$20,667,172.00$22,226,505.00
Other liabilities $0.00$2,617,928.00$2,000,000.00$2,000,000.00
Other assets$199,696.00$199,996.00$199,996.00$199,996.00$199,996.00
Cash: non-interest bearing$127,466.00$146,294.00$264,261.00$813,956.00$2,378,664.00
Cash: non-interest bearing, beginning of year$146,294.00$264,261.00$813,956.00$2,378,664.00$5,095,324.00
Other financial variables
Revenue less expenses$275,729.00-$1,520,033.00-$2,159,695.00-$1,629,146.00-$1,559,333.00
Advertising (total)$498,081.00$726,113.00$565,847.00$608,546.00$768,643.00
Savings & temp cash investment    $25,662.00
Accounts receivable, net$4,128,264.00$3,205,605.00$3,383,059.00$3,190,470.00$3,305,413.00
Prepaid expenses & deferred charges$347,333.00$368,530.00$387,186.00$694,410.00$884,442.00
Accounts payable & accrued expenses$4,379,201.00$3,893,061.00$2,775,557.00$2,000,275.00$1,405,638.00
Secured mortgages and notes payable$28,761,142.00$29,719,430.00$27,804,266.00$28,218,414.00$29,063,988.00
Total net assets or fund balances$15,658,507.00$15,382,778.00$16,902,811.00$19,038,026.00$20,667,172.00
Depreciation, depletion, amortization$1,882,121.00$2,337,427.00$2,326,551.00$2,326,833.00$2,370,128.00
Governance and accountability
Number of voting members47999
Number of independent voting members47999
Financial sheets auditedTrueTrueTrueTrueTrue
Relationships among key personnelTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-222017-09-252016-08-082015-07-152014-07-03
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.3
Filing identifier201801809349300045201721339349300872201641349349307589201511319349302196201441359349303344
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