BORICUA COLLEGE

EIN: 510175975 501(c)(3) Education

NEW YORK, NY

Total Revenue
$8,978,301
Total Expenses
$11,282,461
Total Assets
$46,962,942
Net Assets
$35,065,050
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
Victor Alicea
Phone
2126941000
Tax Period
2024-07-01 to 2025-06-30

BORICUA COLLEGE, founded in 1974, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2024. Expenses of $11.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

The mission and goals of the College are rooted in three principles of institutional identity: As an institution founded by Puerto Ricans in New York City, Boricua College is dedicated to the principle of the inseparability of culture and education. - The College thus offers academic programs that aim to develop in students, personal learning competencies that take into consideration the educational, cultural and economic difficulties experienced by Puerto Ricans and other students underrepresented in higher education. - By focusing its learning activities on solutions to problems facing these communities, the College prepares students for effective community leadership. As a liberal arts institution, Boricua College's educational philosophy maintains that a liberal arts education means mastery of generic, intellectual, affective and psychomotor-behavioral skills necessary for lifelong learning about the environment. - That all knowledge about the environment is organized and described through the multiple disciplines of the social sciences, the natural sciences and the humanities. - That a liberal arts education is essential for participation in a democratic society. As a non-traditional institution, Boricua College is dedicated to a humanistic holistic approach to the education of its students, within the context of their culture and contemporary conditions. - It offers students the opportunity to design highly individualized and small group learning programs that may be pursued at their own pace to meet their own career goals. - Learning activities are not confined within college walls. Instead, they unite in creative ways, the experiences of the world of scholarship and the world of work and student progress is evaluated through multiple measures that reflect the diversity of student learning styles and goals.

Program Service Accomplishments

Program 1
Expenses: $8,485,931 Revenue: $7,538,552

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...

Read more

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. Boricua College enrolls approximately 500 full-time students in programs leading to Bachelor of Science, Bachelor of Arts, Master of Arts, and Master of Science degrees. Five Ways of Learning and Modes of Instruction In all its academic programs, Boricua College has a unique pattern of diversified modes of instruction and ways of learning implemented through five curricular areas. For most students, going to college means taking courses in an institution of higher education, attending lectures on various academic subjects such as history, physics, or math, and taking examinations on those subjects at the end of each term. At Boricua College, lecture-discussion courses constitute an excellent way for college students to master some kinds of information such as knowledge of specifics, methodology, and universal concepts and themes. Such "theoretical studies," however, are only one of five distinct ways in which students are educated and receive academic credit at Boricua. An explanation of each of the five modes of instruction and the way they are integrated into a singular program of student growth and development is described below. - Individualized Instruction: In the courses that use this mode of instruction and way of learning every student meets individually with their assigned full-time faculty member for one hour per week throughout the academic cycle to plan, implement and evaluate a program of learning determined by the curriculum, and designed to meet that student's educational needs and career aspirations. During the first two years, individualized instruction emphasizes the development of carefully identified generic intellectual skills required for the mastery of the basic principles of knowledge of the humanities, social sciences and natural sciences. During the next two years, individualized instruction takes on a more disciplinary character as the student is helped to develop the breadth and depth of intellectual skills and apply them in learning the concepts and literature of his/her field of specialization. In all these courses, a system of instructional modules, developed by the faculty are used as the primary text to guide instruction. - Colloquium: A second unique way of learning at Boricua involves the use of small-group colloquia comprising eight to ten students who meet once a week with their assigned full-time faculty to exchange, share, discuss, and evaluate ideas, issues and problems related to the learning program of the group members. A particular objective of the courses taught through colloquia in the first two years is the development of affective skills necessary for life-long learning and acquisition of knowledge. During the next two years the Colloquium takes on a more disciplinary character as students are helped to develop the breadth and depth of the affective skills and the values inherent in their fields of specialization. - Experiential Studies: This mode of learning involves carefully designed structured experiences of "learning by doing." It aims to develop students' awareness of how simple psychomotor skilled movements evolve into complex professional skills. In the students' first year they participate in structured field experiences under the guidance of their assigned full-time faculty to sharpen their sensory and perceptual awareness and observational skills. They continue on to courses that increase body sensory awareness, physical abilities and complex instrumental skills that integrate the psychomotor with cognitive skills. In the next two years and beyond, the student participates in carefully designed workshops, studio activities and supervised internships related to their academic disciplines and professional goals. - Theoretical Studies: A fourth set of courses lead the student through a body of instrumental methods and knowledge required for problem solving, employing the customary techniques of lectures, discussion, readings and written examinations. In the first two years of Theoretical Studies courses, students learn by applying their intellectual and affective skills to introductory subject matter of mathematics, social and natural sciences, transforming it into personal knowledge. In the following two years and beyond, the student develops further use of intellectual and affective skills by applying them to learning the facts, methods, theories and specialized complex subject matter of the liberal arts and science disciplines and specialized knowledge of the professions. - Cultural Studies: At Boricua College three levels of culture are particularly relevant: (1) the archetypal elements, mostly unconscious, that motivate behaviors and identify a student as a member of "a people (2) historical elements that serve as conscious icons representative of popular aspects of a particular culture; (3) the contemporaneous elements of a culture that are being created in the daily life of a student and his/her peers. Particularly essential to Cultural Studies is the development and application of the affective skills and processes of literacy, receiving, responding, values and the companion internal processes of sensing, emotions and feelings, that together provide content for creating and understanding culture. In the first two years Cultural Studies courses also concentrate on the written and oral communication skills of the student. In the second two years and beyond, the concentration is on the humanities and the arts. In the second two years and beyond, the concentration is on the humanities and the arts. student. In the second two years and beyond, the concentration is on the humanities and the arts.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,175,377
Program Service Revenue $7,544,153
Investment Income $18,880
Other Revenue $239,891
TOTAL REVENUE $8,978,301

Expense Breakdown

Grants Paid $274,834
Salaries & Benefits $6,724,566
Fundraising Expenses $0
Program Expenses $8,485,931
Other Expenses $4,283,061
TOTAL EXPENSES $11,282,461

Year-over-Year Comparison

2024 2023 Change
Revenue $8,978,301 $9,064,631 0.0%
Expenses $11,282,461 $11,651,130 0.0%
Net Income $-2,304,160 $-2,586,499 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
13
Employees
197
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$545,908
Total Directors
14
$173,554
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victor G Alicea PhD President 40.0
Officer Director
$151,503 $22,051 $173,554
John Guzman VP & Dean of Academic Affairs 40.0
Officer
$74,919 $20,957 $95,876
Francia Castro VP for Human Resources and Per 40.0
Officer
$74,919 $20,061 $94,980
Irving Ramirez VP & Dean of Academic Affairs 40.0
Officer
$72,611 $20,279 $92,890
Elias Oyola CFO 40.0
Officer
$68,045 $20,563 $88,608
Benito Fernandez Chairperson 1.0
Officer Director
$0 $0 $0
A Paul Blano Secretary/Treasuer 1.0
Officer Director
$0 $0 $0
Luis A Gonzalez Trustee 1.0
Director
$0 $0 $0
Elizabeth Velez Chair, Development Committee 1.0
Officer Director
$0 $0 $0
Suleika Cabrera Drinane Trustee 1.0
Director
$0 $0 $0
Ralina M Cardona Trustee 1.0
Director
$0 $0 $0
Jose R Sanchez Trustee 1.0
Director
$0 $0 $0
Maria Ortega Chair, Education Committee 1.0
Officer Director
$0 $0 $0
Carlos J Cuevas TRUSTEE 1.0
Director
$0 $0 $0
Rita DiMartino Trustee 1.0
Director
$0 $0 $0
Jorge L Batista Trustee 1.0
Director
$0 $0 $0
Scott Quintero Trustee 1.0
Director
$0 $0 $0
Jessica Arocho Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,978,301 $11,282,461 $46,962,942 $-2,304,160
2024 $9,064,631 $11,651,130 $49,649,094 $-2,586,499
2023 $7,204,029 $11,901,807 $52,572,386 $-4,697,778
2022 $9,310,938 $12,837,570 $59,386,544 $-3,526,632
2021 $15,043,210 $12,981,558 $72,633,794 $2,061,652
2020 $10,144,788 $11,592,619 $72,171,436 $-1,447,831
2019 $9,340,055 $12,404,445 $72,241,712 $-3,064,390
2018 $39,339,144 $14,874,914 $76,543,973 $24,464,230
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BORICUA COLLEGE with other nonprofits in New York and across the country.