Boricua College

Tax-deductible

New York, NY501(c)(3)Since 1974Colleges & UniversitiesEIN 51-0175975Revenue $9.0M in FY2025

On file with the IRSboricuacollege.edu3755 Broadway, 10032-1560 · New York, NYTax-exempt since Jan 1976School — 170(b)(1)(A)(ii)

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Boricua College is committed to the principle that culture cannot be separated from education. Boricua aims to provide a solid foundation through individualized programs.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 12 volunteers and 314 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $2.1M a year · 21% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$442K
to officers and key staff · 4% of spending
Top officer’s pay higher than 65% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.9M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.0M
-1.0% vs prior year
Spent
$11.3M
To programs
75%
Net assets
$35.1M
By yearFY2020–FY2025
Revenue
$9.0M
FY2025▼ -1.0%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.1M
FY2021$15.0M
FY2022$9.3M
FY2023$7.2M
FY2024$9.1M
FY2025$9.0M
Expenses
$11.3M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.6M
FY2021$13.0M
FY2022$12.8M
FY2023$11.9M
FY2024$11.7M
FY2025$11.3M
Net assets
$35.1M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$51.3M
FY2021$54.1M
FY2022$44.1M
FY2023$40.0M
FY2024$37.4M
FY2025$35.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $8.5M Management & general 25% · $2.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $442K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$151,503Pt VII · Sec A
VP & Dean of Academic Affairs
$74,919Pt VII · Sec A
VP for Human Resources and Per
$74,919Pt VII · Sec A
VP & Dean of Academic Affairs
$72,611Pt VII · Sec A
$68,045Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Secretary/Treasuer
$0Pt VII · Sec A
$0Pt VII · Sec A

Victor G Alicea PHD’s $152K as President is at the 65th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Victor G Alicea PHD$151,503$161,256$161,660$183,968$272,475$219,097
Shivaji Sengupta—————$138,250
Elias Oyola$68,045$72,906$73,310$76,318$118,695$72,772
Irving Ramirez$72,611$74,571$74,975$77,983$113,037$74,499
John Guzman$74,919$76,374$74,307$102,360$101,270$102,668
Francia Castro$74,919$69,878$69,534$67,541$65,861$87,972
Moises Pereyra—$67,681$68,085———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers education programs that integrate culture to empower students.

Provided by the organization

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1 program · $8.5M · in their own filed words · FY2024
01

Boricua College is an independent, private, liberal arts and science, professional not-for-profit college. With three locations located in New York - Manhattan Campus, Bronx Campus and Brooklyn Campus.

$8.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $3.8M · 2020–2022
Unitemized GrantFY2022$460,886
Unitemized GrantFY2021$1,221,800
Unitemized GrantFY2020$1,485,400
Unitemized GrantFY2020$628,907

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.0M
Ln 12
Fees for servicesLn 2g$7.5M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$240K
Money outPt IX
$11.3M
Ln 25
Programscol B$8.5M
Managementcol C$2.8M
Owns and owesPt X
$35.1M
net assets · Ln 32
Cash and savingsLn 1–2$265K
Total assetsLn 16$47.0M
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
18
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$7.5M
Investment incomeLn 3$19K
Other incomeLn 4–11$240K
Gains on assetsLn 7$4K
Total revenueLn 12$9.0M
Assets in detailPt X, end of year
CashLn 1$42K
SavingsLn 2$223K
Cash and savings togetherLn 1–2$265K
InvestmentsLn 11–13$83K
Land, buildings, equipmentLn 10c$45.7M
Other assetsLn 15$162K
Total assetsLn 16$47.0M
LiabilitiesLn 26$11.9M
Net assetsLn 32$35.1M
OperationsPt I, VI
EmployeesI 5314
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$265K
InvestmentsLn 11–13$667K$83K
Land, buildings, equipmentLn 10c$46.7M$45.7M
Total assetsLn 16$49.6M$47.0M
LiabilitiesLn 26$12.3M$11.9M
Net assetsLn 32$37.4M$35.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$275K$275K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$542K$196K$346K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.6M$4.0M$600K
Pension plan contributionsLn 8$56K$49K$8K
Other employee benefitsLn 9$1.1M$951K$195K
Payroll taxesLn 10$367K$293K$74K
Management feesLn 11a$0
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$114K$114K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$229K$160K$69K
Advertising and promotionLn 12$30K$15K$15K
Office expensesLn 13$576K$476K$100K
Information technologyLn 14$106K$106K
RoyaltiesLn 15$0
OccupancyLn 16$767K$636K$131K
TravelLn 17$131K$44K$87K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$44K$17K$28K
InterestLn 20$44K$36K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.2M$909K$268K
InsuranceLn 23$338K$228K$110K
Other expenses (24a–d)Ln 24$722K$187K$534K
Total functional expensesLn 25$11.3M$8.5M$2.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.0M$11.3M−$2.3M$35.1M 990 PDF
FY2024 $9.1M$11.7M−$2.6M$37.4M 990 PDF
FY2023 $7.2M$11.9M−$4.7M$40.0M 990 PDF
FY2022 $9.3M$12.8M−$3.5M$44.1M 990 PDF
FY2021 $15.0M$13.0M$2.1M$54.1M 990 PDF
FY2020 $10.1M$11.6M−$1.4M$51.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $8,978,301 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $472,344$1,175,377
I-9 Program service revenuePrior year $6,847,603$7,544,153
I-10 Investment incomePrior year $185,848$18,880
I-11 Other revenuePrior year $1,558,836$239,891
I-12 Total revenuePrior year $9,064,631$8,978,301
I-13 Grants and similar amounts paidPrior year $147,226$274,834
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,381,458$6,724,566
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,122,446$4,283,061
I-18 Total expensesPrior year $11,651,130$11,282,461
I-19 Revenue less expensesPrior year −$2,586,499−$2,304,160
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,978,301 across 10 lines filed
VIII-1e Government grants$1,170,177
VIII-1f All other contributions, gifts and grants$5,200
VIII-1h Total contributions, gifts and grants$1,175,377
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,544,153$7,544,153
VIII-3 Investment incomeExcluded from tax $14,838$14,838
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $239,891$239,891
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,042$4,042
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $7,544,153 · Excluded from tax $258,771$8,978,301
Part IX · Statement of functional expenses $11,282,461 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $274,834$274,834
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $196,068 · Management $345,669$541,737
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,013,048 · Management $599,767$4,612,815
IX-8 Pension plan contributionsPrograms $48,871 · Management $7,552$56,423
IX-9 Other employee benefitsPrograms $951,435 · Management $194,674$1,146,109
IX-10 Payroll taxesPrograms $292,988 · Management $74,494$367,482
IX-11a Management fees$0
IX-11b Legal feesManagement $4,181$4,181
IX-11c Accounting feesManagement $114,416$114,416
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $160,000 · Management $69,409$229,409
IX-12 Advertising and promotionPrograms $15,434 · Management $14,622$30,056
IX-13 Office expensesPrograms $475,711 · Management $99,974$575,685
IX-14 Information technologyManagement $105,684$105,684
IX-15 Royalties$0
IX-16 OccupancyPrograms $636,106 · Management $131,317$767,423
IX-17 TravelPrograms $44,220 · Management $86,510$130,730
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $16,546 · Management $27,792$44,338
IX-20 InterestPrograms $36,404 · Management $7,722$44,126
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $909,004 · Management $268,363$1,177,367
IX-23 InsurancePrograms $228,065 · Management $110,060$338,125
IX-24 Other expenses (24a–d)Programs $187,197 · Management $534,324$721,521
IX-25 Total functional expensesPrograms $8,485,931 · Management $2,796,530 · Fundraising $0$11,282,461
Part X · Balance sheet $46,962,942 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $95,239$41,640
X-2 Savings and temporary cash investmentsStart of year $1,126,036$222,967
X-3 Pledges and grants receivableStart of year $154,233$199,623
X-4 Accounts receivableStart of year $441,744$372,414
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $239,547$136,771
X-10c Land, buildings and equipment, netStart of year $46,709,915$45,744,384
X-11 Publicly traded securitiesStart of year $667,035$83,210
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $215,345$161,933
X-16 Total assetsStart of year $49,649,094$46,962,942
X-17 Accounts payable and accrued expensesStart of year $1,294,326$1,294,811
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $129,167$31,553
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $10,394,510$10,394,510
X-25 Other liabilitiesStart of year $461,881$177,018
X-26 Total liabilitiesStart of year $12,279,884$11,897,892
X-27 Net assets without donor restrictionsStart of year $36,047,348$34,387,728
X-28 Net assets with donor restrictionsStart of year $1,321,862$677,322
X-32 Total net assets or fund balancesStart of year $37,369,210$35,065,050
X-33 Total liabilities and net assetsStart of year $49,649,094$46,962,942
Part XI · Reconciliation of net assets $35,065,050 net assets at year end
XI-1 Total revenue$8,978,301
XI-2 Total expenses$11,282,461
XI-3 Revenue less expenses−$2,304,160
XI-4 Net assets at start of year$37,369,210
XI-10 Net assets at end of year$35,065,050

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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