Charity Impact Media

Home › Education

Caribbean University

Bayamon, PR · EIN 23-7409172 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Caribbean University reported $15.3 million in revenue and $16.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $59.06 went to program services, $40.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.7% of the total. The highest compensation it reported for one person was $150,599 (EXECUTIVE PRESIDENT). 3 people received more than $100,000 in reportable compensation. Revenue fell 6% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $17M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
59.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
40.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
5.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
94.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$150,599$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.91%1.28%
People paid over $100,000
Part VII, line 2
38
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
17.013.3
Independent voting board members
Part VI 1a–1b
4 of 4100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$9.8M expenses · 100.0% of program spending · revenue $15M

Educational services for 2962 undergraduate and 1031 graduate students

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE PRESIDENT
Director/trustee, officer, key employee, highest compensated employee, 40 hrs/week
$150,599$0$0$150,599
ACADEMIC VICE PRESIDET
Key employee, highest compensated employee, 40 hrs/week
$125,800$0$0$125,800
VP FINANZAS
Key employee, highest compensated employee, 40 hrs/week
$105,200$0$0$105,200
EXECUTIVE DIRECTOR
Key employee, 40 hrs/week
$73,800$0$0$73,800
COMPLIANCE DIRECTOR
Key employee, 40 hrs/week
$71,600$0$0$71,600
VP PLANNNIG AND DEVELOPMENT
Key employee, 40 hrs/week
$70,931$0$0$70,931

3 people received more than $100,000 in reportable compensation from Caribbean University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $598K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$15M$17M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$15M$17M59.1%$23M$150,599
FY2024 ⓘ$16M$16M57.5%$25M$163,100
FY2023 ⓘ$16M$16M59.2%$25M$159,037
FY2022 ⓘ$24M$17M60.5%$25M$167,500
FY2021 ⓘ$18M$16M54.5%$18M$154,500
FY2020 ⓘ$16M$17M62.9%$17M$157,000

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5377

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
NEW SECURITY INVESTIGATIONS
Security
$446,666
C&R CONTRACTORS
Construction
$397,133
NORTH SECURITY INC
Security
$379,445

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Caribbean University totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Caribbean University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Caribbean University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Puerto Rico

Questions people ask

How much of Caribbean University's spending goes to programs?

In the fiscal year ending June 30, 2025, Caribbean University reported that 59.1% of its $16.6 million in expenses went to program services, 40.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Caribbean University pay its top executive?

The largest total compensation Caribbean University reported for one person in the fiscal year ending June 30, 2025 was $150,599, for the role of EXECUTIVE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Caribbean University get its money?

Of $15.3 million in revenue in the fiscal year ending June 30, 2025, 5.3% came from contributions and grants (including 4.6% from government grants) and 94.7% from program service revenue (Form 990, Part VIII).

Is Caribbean University a registered charity?

The IRS lists EIN 23-7409172 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641349349312499 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349309278 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349307527 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349314727 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231309349303608 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202103079349301100 · read the filing

All filings for EIN 23-7409172: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.