FURP.ORG / PUBLIC DATA EXPLORER

UNIVERSITY OF PUERTO RICO FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
UNIVERSITY OF PUERTO RICO FOUNDATION INC (EIN 66-0877611)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-02-11
IRS object ID
202510429349300021
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-02-11T09:45:36-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475023530PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cloud Accounting Services IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11417 PRO SHOP CTAddressLine1Txt
CityDavenportCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33896ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN660877611EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1University of Puerto Rico FoundatioBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUNIVBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11187 Flamboyan St Jardin Botanico SAddressLine1Txt
CitySan JuanCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00926ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARGARITA MENDEZPersonNm
Person TitleSecretaryPersonTitleTxt
Phone7877250000PhoneNum
Signature2025-01-13SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJose LebronPreparerPersonNm
PTINP01365570PTIN
Phone4072180095PhoneNum
Preparation2025-02-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$558,039GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.upr.edu/foundationWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StatePRLegalDomicileStateCd
Activity Or MissionThe University of Puerto Rico Foundation is a non-partisan, non-profit organization that facilitates philanthrophic contributions and support to benefit the University of Puerto Rico systems campuses, students and faculty.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$402,125PYContributionsGrantsAmt
CY Contributions Grants$558,039CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$402,125PYTotalRevenueAmt
CY Total Revenue$558,039CYTotalRevenueAmt
PY Grants And Similar Paid$655,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$505,850CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$95PYOtherExpensesAmt
CY Other Expenses$60CYOtherExpensesAmt
PY Total Expenses$655,095PYTotalExpensesAmt
CY Total Expenses$505,910CYTotalExpensesAmt
PY Revenues Less Expenses-$252,970PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$52,129CYRevenuesLessExpensesAmt
Total Assets BOY$5,956TotalAssetsBOYAmt
Total Assets EOY$58,085TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,956NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$58,085NetAssetsOrFundBalancesEOYAmt
MissionThe University of Puerto Rico Foundation is a non-partisan, non-profit organization that facilitates philanthrophic contributions and support to benefit the University of Puerto Rico systems campuses, students and faculty.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$505,850ExpenseAmt
Grant$505,850GrantAmt
Revenue$558,069RevenueAmt
DescDuring the tax year, the organization fulfilled its exempt purpose by administering grant funds to support the educational and professional development of university students and faculty. Key achievements include:Student Scholarships:Awarded scholarships totaling $19,500 to 7 undergraduate and graduate students to support tuition, fees, and related educational expenses. These scholarships enabled recipients to pursue academic degrees in fields including medical and science.Faculty Development Programs:Allocated $635,500 to 3 UPR Universities. These programs included workshops, research grants, and conference participation aimed at enhancing teaching methodologies and advancing scholarly work.Desc
Total Program Service Expenses$505,850TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldPRStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMargarita MendezPersonNm
Phone7872500000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11187 Flamboyan St Jardin Botanico SAddressLine1Txt
CitySan JuanCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00926ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Eng Angel Perez Galarza
Director0.000.00Yes (X)$0$0$0
CPA Antonio Tejera
Director0.000.00Yes (X)$0$0$0
Antonio Monroig Esq
Director0.000.00Yes (X)$0$0$0
Eng Alba Colon
Director0.000.00Yes (X)$0$0$0
Dr Herman Cestero
Treasurer3.000.00Yes (X)$0$0$0
Angelique Sina
President3.000.00Yes (X)$0$0$0
Dr Luis O Ferrao
Director3.000.00Yes (X)$0$0$0
CPA Ricardo Dalmau
Director3.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$558,039AllOtherContributionsAmt
Total Contributions$558,039TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$558,039TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$504,700TotalAmt
Program Services$504,700ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,150TotalAmt
Program Services$1,150ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBank chargesDesc
Total$60TotalAmt
Management And General$60ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$505,910TotalAmt
Program Services$505,850ProgramServicesAmt
Management And General$60ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,956BOYAmt
EOY$58,085EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,956BOYAmt
EOY$58,085EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,956BOYAmt
EOY$58,085EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,956BOYAmt
EOY$58,085EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,956BOYAmt
EOY$58,085EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$52,129ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$571,725CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$402,125CurrentTaxYearMinus1YearAmt
Current Tax Year$558,038CurrentTaxYearAmt
Total$1,531,888TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$571,725CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$402,125CurrentTaxYearMinus1YearAmt
Current Tax Year$558,038CurrentTaxYearAmt
Total$1,531,888TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$688,724SubstantialContributorsTotAmt
Public Support Total170$843,164PublicSupportTotal170Amt
Total Support$1,531,888TotalSupportAmt
Public Support CY1700.55040PublicSupportCY170Pct
Public Support PY1700.63950PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990 governing body review Part VI line 11The governing body of the organization ensures a thorough review of the Form 990 prior to its filing. A draft of the Form 990 is distributed to all members of the governing body for review and comment. The members are provided sufficient time to examine the document, ask questions, and provide feedback. After incorporating any necessary revisions, the finalized Form 990 is reviewed and approved during a formal meeting or through documented communication prior to its submission to the IRS
Governing documents etc available to public Part VI line 19The organization makes its governing documents, conflict of interest policy, and financial statements, including Form 990, available to the public upon request. These documents are accessible at the organizations principal office during regular business hours.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1University of Puerto Rico Ro PiedBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 Ave Universidad STE 601AddressLine1Txt
CitySan JuanCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00925ZIPCd
FieldValueIRS element (for citing)
EIN660431165EIN
Primary ActivitiesUNIVERSITYPrimaryActivitiesTxt
Legal Domicile StatePRLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceExplanation of information on Schedule RFormAndLineReferenceDesc
ExplanationDescription of Grant:The nonprofit organization provided a restricted educational grant to the University of Puerto Rico, designated to support programs in science, technology, engineering, medical & Mathematics. The grant aimed to promote access to higher education for students and fund research initiativesnd climate resilience. The University of Puerto Rico is an educational institution and a recognized public charity under section 170(b)(1)(A)(ii) of the Internal Revenue Code.ExplanationTxt