Atlantic University INC

Tax-deductible

Guaynabo, PR501(c)(3)Since 1983Colleges & UniversitiesEIN 66-0404491Revenue $12.3M in FY2025

On file with the IRSatlanticu.eduPo Box 3918, 00970-3918 · Guaynabo, PRTax-exempt since Nov 2018School — 170(b)(1)(A)(ii)

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Provide post-secondary education of excellence.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$601K 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

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
4 of 6
filings with a surplus
Average surplus $896K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$601K
to officers and key staff · 4% of spending
Top officer’s pay higher than 70% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.3M
-5% vs prior year
Spent
$14.2M
To programs
56%
Net assets
$18.1M
By yearFY2020–FY2025
Revenue
$12.3M
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.4M
FY2021$13.7M
FY2022$15.6M
FY2023$15.5M
FY2024$13.0M
FY2025$12.3M
Expenses
$14.2M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.2M
FY2021$10.6M
FY2022$12.7M
FY2023$13.4M
FY2024$15.0M
FY2025$14.2M
Net assets
$18.1M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.3M
FY2021$17.4M
FY2022$20.2M
FY2023$22.1M
FY2024$20.0M
FY2025$18.1M

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

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Is it real?

Yes. Exemption reinstated (2010-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2018.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $7.9M Management & general 44% · $6.3M

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

11 people listed on the 990; $601K 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
$327,475Pt VII · Sec A
$153,677Pt VII · Sec A
$120,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ramon C Barquin Torres’s $327K as President of is at the 70th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ramon C Barquin Torres$327,475$261,650————
Teresa De Dios———$177,062$262,284$262,284
Heriberto M Martinez———$186,967$226,200$217,200
Heriberto J Martinez————$197,200$197,200
Heriberto Martinez De Dios——$186,967———
Frances Grau———$123,762$183,300$183,300
Teresa De Dios Unanue——$177,062———
Zayira Jordan Conde$153,677$58,015————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers excellent post-secondary education opportunities.

Provided by the organization

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1 program · $7.9M · in their own filed words · FY2024
01

Provide post-secundary education of excellence as leaders in science and digital arts, contributing to the integral development of our students, which allows them to perform, sucessfully and contribute to there country.

$7.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$7K
Grants paid · 9 grants · $1.7M · 2020–2024
Unitemized GrantFY2024$164,059
Unitemized GrantFY2023$196,419
Unitemized GrantFY2022$316,328
Unitemized GrantFY2022$165,871
Unitemized GrantFY2021$372,886
Unitemized GrantFY2021$324,065
Unitemized GrantFY2021$1,851
Unitemized GrantFY2020$183,614
Unitemized GrantFY2020$16,677

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12.3M
Ln 12
Fees for servicesLn 2g$9.9M
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$466K
Money outPt IX
$14.2M
Ln 25
Programscol B$7.9M
Managementcol C$6.3M
Owns and owesPt X
$18.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$24.5M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$45K
Other incomeLn 4–11$466K
Total revenueLn 12$12.3M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$16.8M
Other assetsLn 15$4.6M
Total assetsLn 16$24.5M
LiabilitiesLn 26$6.3M
Net assetsLn 32$18.1M
OperationsPt I, VI
EmployeesI 5187
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$2.5M$2.3M
Land, buildings, equipmentLn 10c$18.7M$16.8M
Total assetsLn 16$23.7M$24.5M
LiabilitiesLn 26$3.7M$6.3M
Net assetsLn 32$20.0M$18.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$164K$164K
Pay of current officers, directors and key staffLn 5$564K$564K
Pay of disqualified personsLn 6$154K$154K
Other salaries and wagesLn 7$5.0M$1.9M$3.1M
Pension plan contributionsLn 8$58K$33K$26K
Payroll taxesLn 10$481K$266K$215K
Management feesLn 11a$1.4M$287K$1.1M
Legal feesLn 11b$107K$16K$91K
Accounting feesLn 11c$40K$40K
Advertising and promotionLn 12$269K$366$268K
Office expensesLn 13$15K$13K$3K
Information technologyLn 14$592K$461K$131K
TravelLn 17$388$217$171
InterestLn 20$256K$226K$30K
Depreciation, depletion and amortizationLn 22$2.7M$2.1M$523K
InsuranceLn 23$232K$193K$40K
Other expenses (24a–d)Ln 24$2.2M$1.4M$800K
All other expensesLn 24e$117K$109K$8K
Total functional expensesLn 25$14.2M$7.9M$6.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.3M$14.2M−$1.9M$18.1M 990 PDF
FY2024 $13.0M$15.0M−$2.1M$20.0M 990 PDF
FY2023 $15.5M$13.4M$2.1M$22.1M 990 PDF
FY2022 $15.6M$12.7M$2.9M$20.2M 990 PDF
FY2021 $13.7M$10.6M$3.1M$17.4M 990 PDF
FY2020 $11.4M$10.2M$1.2M$14.3M 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 $12,337,973 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $944,610$1,912,382
I-9 Program service revenuePrior year $10,864,312$9,914,565
I-10 Investment incomePrior year $22,080$44,604
I-11 Other revenuePrior year $1,124,103$466,422
I-12 Total revenuePrior year $12,955,105$12,337,973
I-13 Grants and similar amounts paidPrior year $196,419$164,059
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,686,368$6,246,353
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,122,706$7,786,459
I-18 Total expensesPrior year $15,005,493$14,196,871
I-19 Revenue less expensesPrior year −$2,050,388−$1,858,898
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
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 $12,337,973 across 6 lines filed
VIII-1e Government grants$1,912,382
VIII-1h Total contributions, gifts and grants$1,912,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,914,565$9,914,565
VIII-3 Investment incomeExcluded from tax $44,604$44,604
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $466,422$466,422
VIII-12 Total revenueRelated to mission $10,380,987 · Excluded from tax $44,604$12,337,973
Part IX · Statement of functional expenses $14,196,871 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $164,059$164,059
IX-5 Pay of current officers, directors and key staffPrograms $564,475$564,475
IX-6 Pay of disqualified personsPrograms $153,677$153,677
IX-7 Other salaries and wagesPrograms $1,923,903 · Management $3,064,771$4,988,674
IX-8 Pension plan contributionsPrograms $32,605 · Management $25,720$58,325
IX-10 Payroll taxesPrograms $266,166 · Management $215,036$481,202
IX-11a Management feesPrograms $287,185 · Management $1,063,730$1,350,915
IX-11b Legal feesPrograms $15,979 · Management $90,835$106,814
IX-11c Accounting feesManagement $40,040$40,040
IX-12 Advertising and promotionPrograms $366 · Management $268,216$268,582
IX-13 Office expensesPrograms $12,729 · Management $2,607$15,336
IX-14 Information technologyPrograms $460,730 · Management $130,785$591,515
IX-17 TravelPrograms $217 · Management $171$388
IX-20 InterestPrograms $226,472 · Management $29,975$256,447
IX-22 Depreciation, depletion and amortizationPrograms $2,129,547 · Management $522,953$2,652,500
IX-23 InsurancePrograms $192,898 · Management $39,509$232,407
IX-24 Other expenses (24a–d)Programs $1,354,798 · Management $799,993$2,154,791
IX-24e All other expensesPrograms $109,144 · Management $7,580$116,724
IX-25 Total functional expensesPrograms $7,894,950 · Management $6,301,921 · Fundraising $0$14,196,871
Part X · Balance sheet $24,453,104 assets, 12 lines filed
Asset lines not itemized here account for $501,099; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,546,266$2,338,406
X-4 Accounts receivableStart of year $400,066$110,914
X-9 Prepaid expenses and deferred chargesStart of year $82,204$141,206
X-10c Land, buildings and equipment, netStart of year $18,706,326$16,757,431
X-15 Other assetsStart of year $1,630,259$4,604,048
X-16 Total assetsStart of year $23,734,274$24,453,104
X-17 Accounts payable and accrued expensesStart of year $1,923,460$1,829,036
X-19 Deferred revenueStart of year $148,275$271,779
X-24 Unsecured notes and loans payableStart of year $1,652,272$4,206,320
X-26 Total liabilitiesStart of year $3,729,407$6,307,135
X-32 Total net assets or fund balancesStart of year $20,004,867$18,145,969
X-33 Total liabilities and net assetsStart of year $23,734,274$24,453,104
Part XI · Reconciliation of net assets $18,145,969 net assets at year end
XI-1 Total revenue$12,337,973
XI-2 Total expenses$14,196,871
XI-3 Revenue less expenses−$1,858,898
XI-4 Net assets at start of year$20,004,867
XI-10 Net assets at end of year$18,145,969

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

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