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      <CntrctRcvdGreaterThan100KCnt>7</CntrctRcvdGreaterThan100KCnt>
      <GovernmentGrantsAmt>2154019</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>392436</AllOtherContributionsAmt>
      <TotalContributionsAmt>2546455</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION REVENUE</Desc>
        <TotalRevenueColumnAmt>24381125</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>24381125</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>24381125</TotalProgramServiceRevenueAmt>
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        <TotalRevenueColumnAmt>944028</TotalRevenueColumnAmt>
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      <GrossRentsGrp>
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      <LessRentalExpensesGrp>
        <RealAmt>391149</RealAmt>
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      <RentalIncomeOrLossGrp>
        <RealAmt>1236265</RealAmt>
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      <NetRentalIncomeOrLossGrp>
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        <Desc>OTHER SOURCES</Desc>
        <TotalRevenueColumnAmt>773972</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>773972</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>773972</OtherRevenueTotalAmt>
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        <TotalRevenueColumnAmt>29881845</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>26391362</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>944028</ExclusionAmt>
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      <CompCurrentOfcrDirectorsGrp>
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        <ProgramServicesAmt>320558</ProgramServicesAmt>
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        <ProgramServicesAmt>1066585</ProgramServicesAmt>
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        <ProgramServicesAmt>822519</ProgramServicesAmt>
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        <TotalAmt>979116</TotalAmt>
        <ProgramServicesAmt>152381</ProgramServicesAmt>
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        <ProgramServicesAmt>28000</ProgramServicesAmt>
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        <ProgramServicesAmt>3844</ProgramServicesAmt>
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      <OfficeExpensesGrp>
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        <ProgramServicesAmt>164930</ProgramServicesAmt>
        <ManagementAndGeneralAmt>333088</ManagementAndGeneralAmt>
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      <TravelGrp>
        <TotalAmt>156194</TotalAmt>
        <ProgramServicesAmt>89096</ProgramServicesAmt>
        <ManagementAndGeneralAmt>67098</ManagementAndGeneralAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>315451</TotalAmt>
        <ProgramServicesAmt>138329</ProgramServicesAmt>
        <ManagementAndGeneralAmt>177122</ManagementAndGeneralAmt>
      </ConferencesMeetingsGrp>
      <InterestGrp>
        <TotalAmt>426413</TotalAmt>
        <ManagementAndGeneralAmt>426413</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
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        <ProgramServicesAmt>284359</ProgramServicesAmt>
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      </DepreciationDepletionGrp>
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        <TotalAmt>366361</TotalAmt>
        <ManagementAndGeneralAmt>366361</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>OTHER EXPENSE</Desc>
        <TotalAmt>2703154</TotalAmt>
        <ProgramServicesAmt>1227291</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1475863</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ADMINISTRATIVE EXPENSE</Desc>
        <TotalAmt>1846304</TotalAmt>
        <ProgramServicesAmt>909437</ProgramServicesAmt>
        <ManagementAndGeneralAmt>936867</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>EQUIPMENT EXPENSE</Desc>
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        <ProgramServicesAmt>94220</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15800</ManagementAndGeneralAmt>
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      <TotalFunctionalExpensesGrp>
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        <ProgramServicesAmt>17566482</ProgramServicesAmt>
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      <SavingsAndTempCashInvstGrp>
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        <EOYAmt>424728</EOYAmt>
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      <AccountsReceivableGrp>
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        <EOYAmt>2525812</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
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      <LandBldgEquipCostOrOtherBssAmt>28444297</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>9150494</LandBldgEquipAccumDeprecAmt>
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        <BOYAmt>18615351</BOYAmt>
        <EOYAmt>19293803</EOYAmt>
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      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>19617715</EOYAmt>
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      <OtherAssetsTotalGrp>
        <BOYAmt>96936</BOYAmt>
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        <BOYAmt>47798276</BOYAmt>
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      <DeferredRevenueGrp>
        <BOYAmt>2307109</BOYAmt>
        <EOYAmt>2127533</EOYAmt>
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      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>10514881</BOYAmt>
        <EOYAmt>9927639</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>49264</BOYAmt>
        <EOYAmt>33908</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>15491119</BOYAmt>
        <EOYAmt>16118341</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
        <BOYAmt>28188790</BOYAmt>
        <EOYAmt>29413853</EOYAmt>
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      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>4118367</BOYAmt>
        <EOYAmt>4408102</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>32307157</BOYAmt>
        <EOYAmt>33821955</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>47798276</BOYAmt>
        <EOYAmt>49940296</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>1300707</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>214091</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>true</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc6">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <CYEndwmtFundGrp>
        <BeginningYearBalanceAmt>706234</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>11014</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>69152</OtherExpendituresAmt>
        <EndYearBalanceAmt>643894</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1064396</BeginningYearBalanceAmt>
        <ContributionsAmt>155645</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-159714</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>354093</OtherExpendituresAmt>
        <EndYearBalanceAmt>706234</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1199230</BeginningYearBalanceAmt>
        <ContributionsAmt>25553</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-101566</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>38000</GrantsOrScholarshipsAmt>
        <OtherExpendituresAmt>20821</OtherExpendituresAmt>
        <EndYearBalanceAmt>1064396</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1213132</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>14464</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>28366</OtherExpendituresAmt>
        <EndYearBalanceAmt>1199230</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1000477</BeginningYearBalanceAmt>
        <ContributionsAmt>170873</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>41782</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>1213132</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>7200000</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>7200000</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>5623993</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>120384</DepreciationAmt>
        <BookValueAmt>5503609</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <InvestmentCostOrOtherBasisAmt>10043939</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>4663811</DepreciationAmt>
        <BookValueAmt>5380128</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <InvestmentCostOrOtherBasisAmt>3134262</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>2328718</DepreciationAmt>
        <BookValueAmt>805544</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>2442103</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>2037581</DepreciationAmt>
        <BookValueAmt>404522</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>19293803</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>OBLIGATIONS UNDER CAPITAL LEASE</Desc>
        <Amt>33908</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>33908</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>30095936</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>214091</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>214091</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>29881845</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>29881845</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>28581138</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>28581138</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>28581138</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XIII</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHEDULE D, PART V, LINE 4- THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO OFFER SCHOLARSHIPS FOR STUDENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc3">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE INSTITUTIONAL CATALOGUE AND OFFICIAL DOCUMENTS DISCLOSE THIS POLICY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 5</FormAndLineReferenceDesc>
        <ExplanationTxt>THE INSTITUTION CATALOGUE AND THE OFFICIAL DOCUMENTS DISCLOSE THE NONDISCRIMINATORY POLICY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE INSTITUTION RECEIVES FINANCIAL AID FROM THE DEPARTMENT OF EDUCATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleJ documentId="RetDoc4">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ANGEL COLLADO SCHWARZ</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <BaseCompensationFilingOrgAmt>142454</BaseCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>36450</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>178904</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>CARLOS ALBIZU UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE AND RESEARCH FROM A PURALISTIC AND MULTIDIMENSIONAL PERSPECTIVE. WE EDUCATE STUDENTS TO SERVE A HIGHER COMPLEX AND DIVERSE SOCIETY, WITH SENSITIVITY TO THOSE MOST IN NEED. WE CONTRIBUTE TO OUR COMMUNITIES BY TRAINING PROFESSIONALS WITH MULTICULTURAL COMPETENCIES. WE DISTINGUISH OURSELVES THROUGH AN EDUCATIONAL PHILOSOPHY BASED ON A COMMITMENT TO SOCIAL RESPONSABILITY, CHARACTERISTIC OF ALL OUR PROGRAMS AND SERVICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>TO COMPLETE THE 990 WE USE SEVERAL METHODS TO REVIEW THE INFORMATION; SUCH AS AUDITED FINANCIAL STATEMENTS, WORKSHEETS AS BACKUP FOR SEVERAL SCHEDULES,REVIEW WITH OTHER INSTITUTIONAL PERSONNEL QUESTIONS CONCERNING SPECIFIC POLICIES AND PRACTICES, AND CERTAIN BOARD COMMITTEES FOR QUESTIONS REGARDING GOVERNANCE AND POLICIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>A DOCUMENT "FORMULARIO DE CERTIFICACIN Y DIVULGACIN ANUAL SOBRE CONFLICTO DE INTERESES" IS DISTRIBUTED TO MEMBERS OF THE BOARD ANNUALY, AND WILL ALSO BE DISTRIBUTED TO UNIVERSITY CONSTITUENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES HAS CONSTITUTED A COMPENSATION, FINANCE AND PLANNING COMMITTEE THAT IS ON CHARGE OF OVERSEEING COMPENSATION FOR KEY PERSONNEL OF THE INSTITUTION. A WRITTEN EMPLOYMENT CONTRACT IS ALSO IN PLACE FOR THE PRESIDENT OF THE INSTITUTION SIGNED BY THE PRESIDENT OF THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>