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        <NamePerson>CPA PABLO MORALES</NamePerson>
        <Title>TRUSTEE</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FR RAFAEL GONZLEZ OP</NamePerson>
        <Title>TRUSTEE</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
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        <NameOfContractor>
          <NamePerson>TEN MARKETING</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 367153</AddressLine1>
            <City>SAN JUAN</City>
            <State>PR</State>
            <ZIPCode>009367153</ZIPCode>
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        </AddressOfContractor>
        <DescriptionOfServices>MARKETING</DescriptionOfServices>
        <Compensation>437647</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>RAMONA MUNSELL ASSOCIATES INC</NamePerson>
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        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>5208 VILLAGE PARKWAY STE 1 ROGERS</AddressLine1>
            <City>AR</City>
            <State>AR</State>
            <ZIPCode>72758</ZIPCode>
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        </AddressOfContractor>
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      </ContractorCompensation>
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        <RelatedOrExemptFunctionIncome>10504165</RelatedOrExemptFunctionIncome>
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        <ManagementAndGeneral>242657</ManagementAndGeneral>
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        <ProgramServices>64359</ProgramServices>
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        <ProgramServices>247436</ProgramServices>
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      <PayrollTaxes>
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        <ProgramServices>447306</ProgramServices>
        <ManagementAndGeneral>97971</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>62571</Total>
        <ManagementAndGeneral>62571</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
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        <ManagementAndGeneral>47500</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
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        <ProgramServices>873298</ProgramServices>
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      </FeesForServicesOther>
      <Advertising>
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        <ProgramServices>526553</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>228355</Total>
        <ProgramServices>205607</ProgramServices>
        <ManagementAndGeneral>22748</ManagementAndGeneral>
      </OfficeExpenses>
      <Travel>
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        <ProgramServices>40085</ProgramServices>
        <ManagementAndGeneral>24278</ManagementAndGeneral>
      </Travel>
      <ConferencesMeetings>
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        <ProgramServices>6293</ProgramServices>
        <ManagementAndGeneral>37140</ManagementAndGeneral>
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      <Interest>
        <Total>546046</Total>
        <ProgramServices>546046</ProgramServices>
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      <DepreciationDepletion>
        <Total>1250686</Total>
        <ProgramServices>1250686</ProgramServices>
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      <Insurance>
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        <ProgramServices>230293</ProgramServices>
        <ManagementAndGeneral>2731</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>OPERATIONAL EXPENSES</Description>
        <Total>975070</Total>
        <ProgramServices>561481</ProgramServices>
        <ManagementAndGeneral>413589</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>UTILITIES</Description>
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        <ProgramServices>930604</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PROVISION FOR BAD DEBT</Description>
        <Total>193325</Total>
        <ProgramServices>193325</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STUDENT RELATED EXPENSES</Description>
        <Total>175810</Total>
        <ProgramServices>94480</ProgramServices>
        <ManagementAndGeneral>81330</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>13420386</Total>
        <ProgramServices>11522486</ProgramServices>
        <ManagementAndGeneral>1897900</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
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        <EOY>20402</EOY>
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        <EOY>434407</EOY>
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      <LandBuildingsEquipmentBasis>40873066</LandBuildingsEquipmentBasis>
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      <LandBuildingsEquipmentBasisNet>
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        <EOY>7733438</EOY>
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      <TotalAssets>
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        <EOY>29570571</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>2915529</BOY>
        <EOY>3676945</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
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        <EOY>84397</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>7020682</BOY>
        <EOY>6799297</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>976750</BOY>
        <EOY>820043</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>10956183</BOY>
        <EOY>11380682</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>18992725</BOY>
        <EOY>18011147</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <EOY>178742</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>18992725</BOY>
        <EOY>18189889</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>29948908</BOY>
        <EOY>29570571</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-802836</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc2">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc3">
      <Land>
        <OtherCostOrOtherBasis>956765</OtherCostOrOtherBasis>
        <BookValue>956765</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>17378015</OtherCostOrOtherBasis>
        <Depreciation>6159581</Depreciation>
        <BookValue>11218434</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>7449482</OtherCostOrOtherBasis>
        <Depreciation>3725544</Depreciation>
        <BookValue>3723938</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>9858905</OtherCostOrOtherBasis>
        <Depreciation>7869043</Depreciation>
        <BookValue>1989862</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>5229899</OtherCostOrOtherBasis>
        <Depreciation>3700574</Depreciation>
        <BookValue>1529325</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>19418324</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>OBLIGATIONS UNDER CAPITAL LEASES</Description>
        <Amount>426794</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>PAYROLL TAX WITHHELD</Description>
        <Amount>393249</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>820043</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>12617550</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>12617550</RevenueSubtotal>
      <TotalRevenuePerForm990>12617550</TotalRevenuePerForm990>
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      <TotalExpensesPerForm990>13420386</TotalExpensesPerForm990>
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    <IRS990ScheduleE documentId="RetDoc5">
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
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      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
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      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
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      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>UCB OFFERS MASTER AND BACHELOR DEGREES AND POSTSECONDARY PROGRAMS TO ENROLLED STUDENTS (APROX 2,500). MASTER AND BACHELORS DEGREE INCLUDES SCIENCES, BUSINESS ADMINISTRATION AND EDUCATION.POSTSECONDARY PROGRAMS INCLUDE COMPUTER SCIENCES, BUSINESS ADMINISTRATION AND EDUCATIONAL TECHNOLOGY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RELATED PARTY INFORMATION AMONG OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 2</ReturnReference>
        <Explanation>LUZ VALLELLANES DIORVANESSA JIMENEZ ASSISTANT ASSISTANT MOTHER FRAY ANGELVALENTIN ANNETTE VALENTIN TRUSTEE LIB DIRECTOR BROTHERS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE RETURN IN PREPARED BY CERTIFIED PUBLIC ACCOUNTANTS(CPA) USING THE AUDITED FINANCIAL STATEMENTS INFORMATION. THEN THE CPA SEND A DRAFT TO THE ADMINISTRATION DEAN, FOR ITS REVIEW. IF EVERYTHING IS CORRECT, THE RETURN IS APPROVED TO BE SEND TO THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE ORGANIZATION HAS THE FINANCIAL STATEMENTS PUBLISH IN THE CLEARING HOUSE OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE IN THE UNIVERSITY CATALOG.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>NO DOCUMENTS AVAILABLE TO THE PUBLIC</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc7">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>CENTRO DE ESTUDIOS DOMINICO DEL CAR</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>URB VALENCIA</AddressLine1>
          <City>BAYAMON</City>
          <State>PR</State>
          <ZIPCode>00930</ZIPCode>
        </AddressUS>
        <PrimaryActivities>RELIGIOUS</PrimaryActivities>
        <LegalDomicileState>PR</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>