Nonprofit · EIN 66-0497943
INDUSTRY UNIVERSITY RESEARCH CENTER INC
Tax-exempt · SAN JUAN, PR 00936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $467,060 | $404,700 | $62,360 | $87,015 | $0 | $87,015 |
| December 31, 2023 | 990 | $243,872 | $254,953 | -$11,081 | $227,277 | $202,622 | $24,655 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $165,000
- Membership dues
- $165,000
- Program service revenue
- $300,475
- Investment income
- $474
- Other revenue
- $1,111
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,846
- Travel
- $7,748
- Depreciation
- $313
- Program services (functional)
- $387,021
- Management and general (functional)
- $17,679
Balance sheet and other
- Total assets, start of year
- $227,277
- Total assets, end of year
- $87,015
- Total liabilities, end of year
- $0
- Net assets, end of year
- $87,015
- Land, buildings and equipment
- $1,667
- Net assets without donor restrictions
- $87,015
- Gross receipts
- $467,060
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1992
- State of legal domicile
- PR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ivan Lugo | Executive Director Trustee or director, Officer | 40 | $140,176 |
| Rafael Defendini | President of the Board Trustee or director | 3 | $0 |
| Zaiira Jorda PhD | Vice President of the Board Trustee or director | 3 | $0 |
| Danaise Carrion | Secretary of the Board Trustee or director | 3 | $0 |
| Gustavo Hermida | Treasurer of the Board Trustee or director | 3 | $0 |
| Lucy Crespo | Director Trustee or director | 3 | $0 |
| Sebastian Negron | Director Trustee or director | 3 | $0 |
| Wanda Maldonado | Director Trustee or director | 3 | $0 |
| Edgardo Rivera | Director Trustee or director | 3 | $0 |
| Peter Melendez | Director Trustee or director | 3 | $0 |
| Damaso Bermudez | Director Trustee or director | 3 | $0 |
| Robert Salcedo | Director Trustee or director | 3 | $0 |
| Carlos Ceinos | Director Trustee or director | 3 | $0 |
| Lilliam Rodriguez | Director Trustee or director | 3 | $0 |
| Ana Martorel Perez | Director Trustee or director | 3 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Rodriguez | Director Trustee or director | 3 | $0 |
| Kento Ueha | Director Trustee or director | 3 | $0 |
| Elizabeth Plaza | Director Trustee or director | 3 | $0 |
| Alejandro Toro | Past President of the Board Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ivan Lugo | Executive Director Trustee or director, Officer | 40 | $132,470 |
| Rafael Defendini | President of the Board Trustee or director | 3 | $0 |
| Luis A Ferrao MD | Vice President of the Board Trustee or director | 3 | $0 |
| Danaise Carrion | Secretary of the Board Trustee or director | 3 | $0 |
| Gustavo Hermida | Treasurer of the Board Trustee or director | 3 | $0 |
| Lucy Crespo | Director Trustee or director | 3 | $0 |
| Manuel Cidre | Director Trustee or director | 3 | $0 |
| Wanda Maldonado | Director Trustee or director | 3 | $0 |
| Israel Cotto | Director Trustee or director | 3 | $0 |
| Peter Melendez | Director Trustee or director | 3 | $0 |
| Damaso Bermudez | Director Trustee or director | 3 | $0 |
| Pablo Hernandez | Director Trustee or director | 3 | $0 |
| Carlos Ceinos | Director Trustee or director | 3 | $0 |
| Lilliam Rodriguez | Director Trustee or director | 3 | $0 |
| Ana Martorel Perez | Director Trustee or director | 3 | $0 |
| Miguel Pereira | Director Trustee or director | 3 | $0 |
| Juan Leonardo Negron | Director Trustee or director | 3 | $0 |
| Shelly Cruz | Director Trustee or director | 3 | $0 |
| Fernando Lodono | Director Trustee or director | 3 | $0 |
| Carlos Gierbolini | Director Trustee or director | 3 | $0 |
| Elizabeth Plaza | Director Trustee or director | 3 | $0 |
| Alejandro Toro | Past President of the Board Former | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 363074, SAN JUAN, PR 00936-3074
- In care of
- % INDUNIV INC
- Principal officer (990 for 2024)
- Ivan Lugo, PO Box 363074, San Juan, PR 009363074
- Signed the 990
- Ivan Lugo, Executive Director
- Phone
- (787) 671-3006
- Website
- www.induniv.org
- Return prepared by
- AJ Hernandez & Co CPA PSC
Mission
To stimulate the research applied on pharmaceutical, chemical and related industries, establish bridges between the academy, industry and government in science and technology areas, promote the research and industrial development, and to canalize and monitor designated funds for infrastructure development, special independent research projects and workforce development.
Program accomplishments
- To stimulate the research applied on pharmaceutical, chemical and related industries, establish bridges between the academy, industry and government in science and technology areas, promote the research and industrial development, and to canalize and monitor designated funds for infrastructure development, special independent research projects and workforce development.Expenses $387,021 · grants $237,200 · revenue $33,475
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0497943
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $87,015
- Income (IRS master file)
- $467,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $467,060 | $404,700 | $87,015 | XML |
| 990 | December 2023 | $243,872 | $254,953 | $227,277 | XML |
| 990 | December 2022 | $224,174 | $244,388 | $45,736 | IRS |
| 990 | December 2021 | $247,484 | $257,003 | $57,769 | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0497943).
Questions about INDUSTRY UNIVERSITY RESEARCH CENTER INC
- What is the EIN of INDUSTRY UNIVERSITY RESEARCH CENTER INC?
- The employer identification number (EIN) of INDUSTRY UNIVERSITY RESEARCH CENTER INC is 66-0497943.
- Is INDUSTRY UNIVERSITY RESEARCH CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INDUSTRY UNIVERSITY RESEARCH CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDUSTRY UNIVERSITY RESEARCH CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDUSTRY UNIVERSITY RESEARCH CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRY UNIVERSITY RESEARCH CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDUSTRY UNIVERSITY RESEARCH CENTER INC?
- The 990 for the year ended December 31, 2024 names Ivan Lugo.
- Who are the officers and directors of INDUSTRY UNIVERSITY RESEARCH CENTER INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $140,176 (Ivan Lugo, Executive Director).
- How much revenue does INDUSTRY UNIVERSITY RESEARCH CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $467,060, expenses of $404,700 and total assets of $87,015 at year end.
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