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.
76¢ of each $1 spent went to programs.
$671K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$671K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $49.4M in investments, Pt X · Ln 11–13
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.5M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.0M
+48% vs prior year
Spent
$13.0M
To programs
76%
Net assets
$54.1M
By yearFY2020–FY2025
Revenue
$15.0M
FY2021▲ +48%
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
$13.0M
FY2021▲ +12%
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
$54.1M
FY2021▲ +5%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $9.8M Management & general 24% · $3.2M

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

16 people listed on the 990; $671K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$272,475Pt VII · Sec A
Finance Director
$118,695Pt VII · Sec A
VP of Information Technology
$113,037Pt VII · Sec A
VP of Academic Planning Progra
$101,270Pt VII · Sec A
VP for Human Resources and Per
$65,861Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
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.

See Boricua College executive salaries →

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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.

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Provided by the organization

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1 program · $9.8M · in their own filed words · FY2020
01

See Schedule O for program service accomplishmeents.

$9.8Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$15.0M
Ln 12
Gifts and grantsLn 1h$8.3M
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$329K
Money outPt IX
$13.0M
Ln 25
Programscol B$9.8M
Managementcol C$3.2M
Owns and owesPt X
$54.1M
net assets · Ln 32
Cash and savingsLn 1–2$8.2M
Total assetsLn 16$72.6M
LiabilitiesLn 26$18.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$8.3M
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$329K
Other incomeLn 4–11$217K
Gains on assetsLn 7$115K
Total revenueLn 12$15.0M
Assets in detailPt X, end of year
CashLn 1$771K
SavingsLn 2$7.4M
Cash and savings togetherLn 1–2$8.2M
InvestmentsLn 11–13$49.4M
Land, buildings, equipmentLn 10c$13.8M
Other assetsLn 15$17K
Total assetsLn 16$72.6M
LiabilitiesLn 26$18.5M
Net assetsLn 32$54.1M
OperationsPt I, VI
EmployeesI 5314
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$75K$75K$75K$75K$75K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.6M$8.2M
InvestmentsLn 11–13$48.5M$49.4M
Land, buildings, equipmentLn 10c$13.6M$13.8M
Total assetsLn 16$72.2M$72.6M
LiabilitiesLn 26$20.8M$18.5M
Net assetsLn 32$51.3M$54.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$2.3M$2.3M
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$645K$147K$498K$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.7M$4.1M$544K$0
Pension plan contributionsLn 8$60K$55K$4K$0
Other employee benefitsLn 9$1.0M$820K$184K$0
Payroll taxesLn 10$621K$488K$133K$0
Management feesLn 11a$0
Legal feesLn 11b$500K$500K$0
Accounting feesLn 11c$110K$110K$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$29K$29K$0
Other fees for servicesLn 11g$66K$66K
Advertising and promotionLn 12$91K$91K
Office expensesLn 13$907K$425K$482K$0
Information technologyLn 14$130K$130K$0
RoyaltiesLn 15$0
OccupancyLn 16$580K$470K$110K$0
TravelLn 17$129K$85K$44K$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$37K$11K$26K$0
InterestLn 20$257K$257K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$587K$432K$155K$0
InsuranceLn 23$222K$163K$58K$0
Other expenses (24a–d)Ln 24$95K$13K$81K
Total functional expensesLn 25$13.0M$9.8M$3.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 17, 2026 $9.0M$11.3M−$2.3M$35.1M 990 PDF
FY2024Filed with the IRS Mar 13, 2025 $9.1M$11.7M−$2.6M$37.4M 990 PDF
FY2023Filed with the IRS Mar 4, 2024 $7.2M$11.9M−$4.7M$40.0M 990 PDF
FY2022Filed with the IRS Jan 16, 2023 $9.3M$12.8M−$3.5M$44.1M 990 PDF
FY2021 ViewingFiled with the IRS Apr 12, 2022 $15.0M$13.0M$2.1M$54.1M 990 PDF
FY2020Filed with the IRS Mar 20, 2021 $10.1M$11.6M−$1.4M$51.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $15,043,210 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,109,724$8,296,328
I-9 Program service revenuePrior year $7,669,237$6,201,372
I-10 Investment incomePrior year $296,630$328,687
I-11 Other revenuePrior year $69,197$216,823
I-12 Total revenuePrior year $10,144,788$15,043,210
I-13 Grants and similar amounts paidPrior year $67,125$2,256,614
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,162,724$6,984,346
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,362,770$3,740,598
I-18 Total expensesPrior year $11,592,619$12,981,558
I-19 Revenue less expensesPrior year −$1,447,831$2,061,652
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $15,043,210 across 11 lines filed
VIII-1e Government grants$8,296,328
VIII-1f All other contributions, gifts and grants$0
VIII-1h Total contributions, gifts and grants$8,296,328
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,201,372$6,201,372
VIII-3 Investment incomeExcluded from tax $213,508$213,508
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $25,000$25,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $115,179$115,179
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $191,823$191,823
VIII-12 Total revenueRelated to mission $6,418,195 · Excluded from tax $328,687$15,043,210
Part IX · Statement of functional expenses $12,981,558 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $2,256,614$2,256,614
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 $146,749 · Management $498,152 · Fundraising $0$644,901
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,110,670 · Management $544,265 · Fundraising $0$4,654,935
IX-8 Pension plan contributionsPrograms $55,266 · Management $4,282 · Fundraising $0$59,548
IX-9 Other employee benefitsPrograms $820,136 · Management $183,725 · Fundraising $0$1,003,861
IX-10 Payroll taxesPrograms $487,611 · Management $133,490 · Fundraising $0$621,101
IX-11a Management fees$0
IX-11b Legal feesManagement $499,614 · Fundraising $0$499,614
IX-11c Accounting feesManagement $110,478 · Fundraising $0$110,478
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $28,603 · Fundraising $0$28,603
IX-11g Other fees for servicesManagement $65,868$65,868
IX-12 Advertising and promotionPrograms $91,431$91,431
IX-13 Office expensesPrograms $425,348 · Management $482,089 · Fundraising $0$907,437
IX-14 Information technologyManagement $130,316 · Fundraising $0$130,316
IX-15 Royalties$0
IX-16 OccupancyPrograms $469,871 · Management $110,166 · Fundraising $0$580,037
IX-17 TravelPrograms $84,759 · Management $44,493 · Fundraising $0$129,252
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $10,573 · Management $26,489 · Fundraising $0$37,062
IX-20 InterestPrograms $256,838$256,838
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $432,384 · Management $154,616 · Fundraising $0$587,000
IX-23 InsurancePrograms $163,461 · Management $58,452 · Fundraising $0$221,913
IX-24 Other expenses (24a–d)Programs $13,417 · Management $81,332$94,749
IX-25 Total functional expensesPrograms $9,825,128 · Management $3,156,430 · Fundraising $0$12,981,558
Part X · Balance sheet $72,633,794 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,001,225$770,516
X-2 Savings and temporary cash investmentsStart of year $6,574,187$7,412,515
X-3 Pledges and grants receivableStart of year $1,807,858$687,722
X-4 Accounts receivableStart of year $531,900$437,527
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $89,671$96,759
X-10c Land, buildings and equipment, netStart of year $13,590,166$13,779,389
X-11 Publicly traded securitiesStart of year $5,497,592$6,431,521
X-12 Other securitiesStart of year $43,001,000$43,001,000
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $77,837$16,845
X-16 Total assetsStart of year $72,171,436$72,633,794
X-17 Accounts payable and accrued expensesStart of year $2,276,110$1,909,823
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,546$7,671
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $1,620,570$0
X-25 Other liabilitiesStart of year $6,532,709$6,237,729
X-26 Total liabilitiesStart of year $20,828,445$18,549,733
X-27 Net assets without donor restrictionsStart of year $50,095,498$52,818,306
X-28 Net assets with donor restrictionsStart of year $1,247,493$1,265,755
X-32 Total net assets or fund balancesStart of year $51,342,991$54,084,061
X-33 Total liabilities and net assetsStart of year $72,171,436$72,633,794
Part XI · Reconciliation of net assets $54,084,061 net assets at year end
XI-1 Total revenue$15,043,210
XI-2 Total expenses$12,981,558
XI-3 Revenue less expenses$2,061,652
XI-4 Net assets at start of year$51,342,991
XI-5 Net unrealized gains (losses) on investments$679,418
XI-10 Net assets at end of year$54,084,061

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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