﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-03-17T08:50:15-05:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>660177776</EIN>
      <Name>
        <BusinessNameLine1>Universidad Intermericana de Puerto Rico</BusinessNameLine1>
      </Name>
      <NameControl>UNIV</NameControl>
      <Phone>7877661912</Phone>
      <USAddress>
        <AddressLine1>PO Box 363255</AddressLine1>
        <City>San Juan</City>
        <State>PR</State>
        <ZIPCode>009363255</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Luis R Esquilin</Name>
      <Title>Vice President of Finance</Title>
      <Phone>7877661912</Phone>
      <DateSigned>2014-03-17</DateSigned>
    </Officer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="12">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>Manuel J Fernos</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>PO Box 363255</AddressLine1>
        <City>San Juan</City>
        <State>PR</State>
        <ZIPCode>009363255</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>264218336</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.inter.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1912</YearFormation>
      <StateLegalDomicile>PR</StateLegalDomicile>
      <ActivityOrMissionDescription>The Universidad Interamericana de Puerto Rico, Inc. is a higher educationinstitution pursuing quality thru academic excellence with emphasis inthe formation of people with high standards, ethical and democraticallyvalues.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>24</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>0</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>272521</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>272521</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>200664</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>261929</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>255594595</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>234401459</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>3660290</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>3414308</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>7860323</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>26140640</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>267315872</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>264218336</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>163354027</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>159984009</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>213851</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>92349009</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>93073366</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>255703036</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>253057375</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>11612836</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>11160961</RevenuesLessExpensesCY>
      <TotalAssetsBOY>502216538</TotalAssetsBOY>
      <TotalAssetsEOY>523891211</TotalAssetsEOY>
      <TotalLiabilitiesBOY>128870051</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>132517663</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>373346487</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>391373548</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>The Universidad Interamericana de Puerto Rico, Inc. is a higher educationinstitution pursuing quality thru academic excellence with emphasis inthe formation of people with high standards, ethical and democraticallyvalues.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>180878395</Expense>
      <Revenue>262061126</Revenue>
      <Description>During the 2012-13 fiscal year, the University provided educational services for over 44 thousand student on its eleven campus and it centers.Over six thousand educational degrees were granted in several fields ofstudies ranging from Associates up to Doctoral degrees, Optometry degrees and Law degrees.</Description>
      <TotalProgramServiceExpense>180878395</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1039900001">1</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1039900001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1039900001">1</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1039900001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1039900001">1</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1039900001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1039900001">1</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1039900001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1039900001">1</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1039900001">1</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1039900001">1</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1039900001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1039900001">1</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc1040400001">1</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="RetDoc1041300001">0</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="RetDoc1041300001">1</FundraisingActivities>
      <Gaming referenceDocumentId="RetDoc1041300001">0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc1041900001">0</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc1041900001">1</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc1042400001">1</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="RetDoc1053100001">1</TaxExemptBonds>
      <InvestTaxExemptBonds>0</InvestTaxExemptBonds>
      <EscrowAccount>1</EscrowAccount>
      <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="RetDoc1042900001">1</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt referenceDocumentId="RetDoc1042900001">1</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="RetDoc1043400001">0</DisregardedEntity>
      <RelatedEntity referenceDocumentId="RetDoc1043400001">0</RelatedEntity>
      <RelatedOrgControlledEntity>1</RelatedOrgControlledEntity>
      <TransactionRelatedEntity referenceDocumentId="RetDoc1043400001">0</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="RetDoc1043400001">0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="RetDoc1043400001">0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <InfoInScheduleOPartV>X</InfoInScheduleOPartV>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>1</ComplianceWithBackupWitholding>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>1</UnrelatedBusinessIncome>
      <Form990-TFiled>0</Form990-TFiled>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>0</FundsToPayPremiums>
      <PremiumsPaid>0</PremiumsPaid>
      <ExcessBusinessHoldings>0</ExcessBusinessHoldings>
      <TaxableDistributions>0</TaxableDistributions>
      <DistributionToDonor>0</DistributionToDonor>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>24</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>0</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>1</MembersOrStockholders>
      <ElectionOfBoardMembers>1</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>1</LocalChapters>
      <PoliciesReferenceChapters>1</PoliciesReferenceChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>1</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>1</CompensationProcessOther>
      <InvestmentInJointVenture>1</InvestmentInJointVenture>
      <WrittenPolicyOrProcedure>1</WrittenPolicyOrProcedure>
      <StatesWhereCopyOfReturnIsFiled>FL</StatesWhereCopyOfReturnIsFiled>
      <StatesWhereCopyOfReturnIsFiled>PR</StatesWhereCopyOfReturnIsFiled>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>Luis R Esquilin</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>7877661912</TelephoneNumber>
        <AddressUS>
          <AddressLine1>PO Box 363255</AddressLine1>
          <City>San Juan</City>
          <State>PR</State>
          <ZIPCode>009363255</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>Luis A Plaza</NamePerson>
        <Title>Chairman of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Antonio C Rosario</NamePerson>
        <Title>Vice Chairman of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Enrique Sigas</NamePerson>
        <Title>Secretary of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Aida Molinary</NamePerson>
        <Title>Assistant Secretary of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Antonio Pavia</NamePerson>
        <Title>Treasurer of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jose R Munoz</NamePerson>
        <Title>Assistant Treasurer of the Board of Trustees</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Ramon Ayala</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Aurealis T Baez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Gloria Cordero</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jorge Farinacci</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Amadeo I D Francis</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jorge L Fuentes</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Anibal Gonzalez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Dennis W Hernandez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Domingo Mas</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Pedro M Mayol</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Juan J Perez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Felipe Piazza</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Victor Rivera</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Luis A Rodriguez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Elba Sanchez</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Gloria Santaella</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Eneida Sierra</NamePerson>
        <Title>Board Member</Title>
        <AverageHoursPerWeek>8.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Manuel J Fernos</NamePerson>
        <Title>President of Inter American University of PR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>221200</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>78401</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Elie Agesilas</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>103416</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5141</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rafael Ramirez</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>124747</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6207</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Irene Fernandez</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>99372</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4939</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Juan F Martinez</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>88980</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4419</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Ismael Suarez</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>93060</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4623</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Carlos Colon</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>93480</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4644</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Marilina Wayland</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>144252</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6823</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Vilma E Colon</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>113412</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5641</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Agnes Mojica</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>124440</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5892</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Julio Fontanet</NamePerson>
        <Title>Chancellor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>22744</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>1037</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Andres Pagan</NamePerson>
        <Title>Dean</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>105773</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4959</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Agustin Echevarria</NamePerson>
        <Title>VP for Academic Affairs and Systemic Planification</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>124092</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5875</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Luis R Esquilin</NamePerson>
        <Title>VP for Management, Finance and Systemic Services</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>121752</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6058</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Norberto Dominguez</NamePerson>
        <Title>VP for Religious Affairs</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>70485</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Luis M Negron</NamePerson>
        <Title>Former Dean</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>96699</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>2427</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1747904</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>147086</TotalOtherCompensation>
      <NumberIndividualsGT100K>31</NumberIndividualsGT100K>
      <FormersListed>1</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Triple-S Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 70313</AddressLine1>
            <City>San Juan</City>
            <State>PR</State>
            <ZIPCode>009360313</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Health Insurance</DescriptionOfServices>
        <Compensation>11030713</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Marsh Saldana Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 9023549</AddressLine1>
            <City>San Juan</City>
            <State>PR</State>
            <ZIPCode>009023549</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Property, Casualty and Other Insurance</DescriptionOfServices>
        <Compensation>3500623</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Tripoli Construction Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 11239</AddressLine1>
            <City>San Juan</City>
            <State>PR</State>
            <ZIPCode>009221239</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Construction Contractors</DescriptionOfServices>
        <Compensation>2534448</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Villavicencio &amp; Assoc Construction Corp</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PMB 303 35 Juan C Borbon Suite 67</AddressLine1>
            <City>Guaynabo</City>
            <State>PR</State>
            <ZIPCode>009635375</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Construction Contractors</DescriptionOfServices>
        <Compensation>1894627</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Ellucian Company LP</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>62590 Collections Center DR</AddressLine1>
            <City>Chicago</City>
            <State>IL</State>
            <ZIPCode>60693</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Software and systems providers</DescriptionOfServices>
        <Compensation>1635717</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>5</NumberOfContractorsGT100K>
      <FundraisingEvents>261929</FundraisingEvents>
      <NoncashContributions>261929</NoncashContributions>
      <TotalContributions>261929</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition and Fees</Description>
        <BusinessCode>611310</BusinessCode>
        <TotalRevenueColumn>213161297</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>213161297</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Federal Grants and Con</Description>
        <BusinessCode>611310</BusinessCode>
        <TotalRevenueColumn>17381311</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>17381311</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Commonwealth of Puerto</Description>
        <BusinessCode>611310</BusinessCode>
        <TotalRevenueColumn>3858851</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3858851</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>234401459</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>3414308</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3414308</RelatedOrExemptFunctionIncome>
      </InvestmentIncome>
      <GrossIncomeFundraisingEvents>1622760</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>261929</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>0</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>1622760</TotalRevenueColumn>
        <ExclusionAmount>1622760</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <OtherRevenueMisc>
        <Description>Auxilliary Enterprises</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>9983704</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>9983704</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>Other Sources</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2571724</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2571724</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>Real Estate</Description>
        <BusinessCode>531390</BusinessCode>
        <TotalRevenueColumn>272521</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>272521</UnrelatedBusinessRevenue>
      </OtherRevenueMisc>
      <MiscellaneousRevenue>
        <TotalRevenueColumn>11689931</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>11689931</RelatedOrExemptFunctionIncome>
      </MiscellaneousRevenue>
      <TotalOtherRevenue>24517880</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>264218336</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>262061126</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>272521</UnrelatedBusinessRevenue>
        <ExclusionAmount>1622760</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>10576761</Total>
        <ProgramServices>5658429</ProgramServices>
        <ManagementAndGeneral>4918332</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>121035324</Total>
        <ProgramServices>99786616</ProgramServices>
        <ManagementAndGeneral>21248708</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>3696240</Total>
        <ProgramServices>2950398</ProgramServices>
        <ManagementAndGeneral>745842</ManagementAndGeneral>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>12196740</Total>
        <ProgramServices>6901776</ProgramServices>
        <ManagementAndGeneral>5294964</ManagementAndGeneral>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>12478944</Total>
        <ProgramServices>8325823</ProgramServices>
        <ManagementAndGeneral>4153121</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>421727</Total>
        <ManagementAndGeneral>421727</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>341300</Total>
        <ManagementAndGeneral>341300</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>12939396</Total>
        <ProgramServices>3834629</ProgramServices>
        <ManagementAndGeneral>9104767</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>3132242</Total>
        <ProgramServices>1355442</ProgramServices>
        <ManagementAndGeneral>1773703</ManagementAndGeneral>
        <Fundraising>3097</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>1253903</Total>
        <ProgramServices>545591</ProgramServices>
        <ManagementAndGeneral>708312</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>4034469</Total>
        <ProgramServices>1431975</ProgramServices>
        <ManagementAndGeneral>2602494</ManagementAndGeneral>
      </InformationTechnology>
      <Royalties>
        <Total>27491</Total>
        <ProgramServices>27491</ProgramServices>
      </Royalties>
      <Occupancy>
        <Total>751707</Total>
        <ProgramServices>396795</ProgramServices>
        <ManagementAndGeneral>353583</ManagementAndGeneral>
        <Fundraising>1329</Fundraising>
      </Occupancy>
      <Travel>
        <Total>936008</Total>
        <ProgramServices>569642</ProgramServices>
        <ManagementAndGeneral>359782</ManagementAndGeneral>
        <Fundraising>6584</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>386745</Total>
        <ProgramServices>233752</ProgramServices>
        <ManagementAndGeneral>152993</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>4151624</Total>
        <ProgramServices>2279133</ProgramServices>
        <ManagementAndGeneral>1872491</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>17030403</Total>
        <ProgramServices>6502548</ProgramServices>
        <ManagementAndGeneral>10527855</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>1792881</Total>
        <ManagementAndGeneral>1792881</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>Other Expenditures</Description>
        <Total>43527924</Total>
        <ProgramServices>38991630</ProgramServices>
        <ManagementAndGeneral>4336453</ManagementAndGeneral>
        <Fundraising>199841</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Rent</Description>
        <Total>2345546</Total>
        <ProgramServices>1086725</ProgramServices>
        <ManagementAndGeneral>1255821</ManagementAndGeneral>
        <Fundraising>3000</Fundraising>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>253057375</Total>
        <ProgramServices>180878395</ProgramServices>
        <ManagementAndGeneral>71965129</ManagementAndGeneral>
        <Fundraising>213851</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>41025042</BOY>
        <EOY>35562036</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <BOY>12860062</BOY>
        <EOY>8470764</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>5012390</BOY>
        <EOY>4174559</EOY>
      </AccountsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>13433897</BOY>
        <EOY>14083777</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <BOY>5001263</BOY>
        <EOY>7413392</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>468976751</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>213043923</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>250723395</BOY>
        <EOY>255932828</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsOtherSecurities>
        <BOY>149438696</BOY>
        <EOY>169567795</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>24721793</BOY>
        <EOY>28686060</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>502216538</BOY>
        <EOY>523891211</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>22315864</BOY>
        <EOY>22757471</EOY>
      </AccountsPayableAccruedExpenses>
      <GrantsPayable>
        <BOY>2323606</BOY>
        <EOY>1623260</EOY>
      </GrantsPayable>
      <DeferredRevenue>
        <BOY>1269066</BOY>
        <EOY>1381511</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>12692867</BOY>
        <EOY>12080691</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>90268648</BOY>
        <EOY>94674730</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>128870051</BOY>
        <EOY>132517663</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>365769919</BOY>
        <EOY>389928817</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>6312954</BOY>
        <EOY>181117</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>1263614</BOY>
        <EOY>1263614</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>373346487</BOY>
        <EOY>391373548</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>502216538</BOY>
        <EOY>523891211</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>11160961</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>6866100</ReconciliationUnrealizedInvest>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>1</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>1</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1039900001">
      <NumberDAFsHeld>1263614</NumberDAFsHeld>
      <DisclosedOrgsLegalControl>1</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>1</DisclosedForCharitablePurposes>
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <SolicitedAssetsForSale>0</SolicitedAssetsForSale>
      <CurrentYear>
        <BeginningOfYearBalance>151452732</BeginningOfYearBalance>
        <Contributions>678540</Contributions>
        <InvestmentEarningsOrLosses>22424080</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>-21663</GrantsOrScholarships>
        <OtherExpenditures>-2500000</OtherExpenditures>
        <AdministrativeExpenses>-922536</AdministrativeExpenses>
        <EndOfYearBalance>171111153</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>153531102</BeginningOfYearBalance>
        <Contributions>678982</Contributions>
        <InvestmentEarningsOrLosses>-584745</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>-21928</GrantsOrScholarships>
        <OtherExpenditures>-1316447</OtherExpenditures>
        <AdministrativeExpenses>-834232</AdministrativeExpenses>
        <EndOfYearBalance>151452732</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>121802665</BeginningOfYearBalance>
        <Contributions>843807</Contributions>
        <InvestmentEarningsOrLosses>31658781</InvestmentEarningsOrLosses>
        <OtherExpenditures>75842</OtherExpenditures>
        <AdministrativeExpenses>698309</AdministrativeExpenses>
        <EndOfYearBalance>153531102</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>106355372</BeginningOfYearBalance>
        <Contributions>660149</Contributions>
        <InvestmentEarningsOrLosses>16179505</InvestmentEarningsOrLosses>
        <OtherExpenditures>875654</OtherExpenditures>
        <AdministrativeExpenses>516707</AdministrativeExpenses>
        <EndOfYearBalance>121802665</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>136375478</BeginningOfYearBalance>
        <Contributions>10167</Contributions>
        <InvestmentEarningsOrLosses>-28939825</InvestmentEarningsOrLosses>
        <OtherExpenditures>721270</OtherExpenditures>
        <AdministrativeExpenses>460678</AdministrativeExpenses>
        <EndOfYearBalance>106355372</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <BoardDesignatedEOYBalance>0.99150</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.00740</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.00110</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>29532539</InvestmentCostOrOtherBasis>
        <BookValue>29532539</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>282604936</InvestmentCostOrOtherBasis>
        <Depreciation>102812523</Depreciation>
        <BookValue>179792413</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>148307169</InvestmentCostOrOtherBasis>
        <Depreciation>110231400</Depreciation>
        <BookValue>38075769</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>8532107</InvestmentCostOrOtherBasis>
        <BookValue>8532107</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>255932828</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>Investments</Description>
        <BookValue>169567795</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>169567795</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>Deposits Held in Trust</Description>
        <BookValue>18559304</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Real Estate</Description>
        <BookValue>8231395</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Debt Issue Cost</Description>
        <BookValue>1895361</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>28686060</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>Loan Payable</Description>
        <Amount>89701777</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Student Deposits</Description>
        <Amount>108962</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Deferred Compensation</Description>
        <Amount>4863991</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>94674730</TotalOfAmounts>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>271084436</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>6866100</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>6866100</RevenueNotRptdF990>
      <RevenueSubtotal>264218336</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>264218336</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>253057375</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>253057375</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>253057375</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <ReturnReference>Part III, Line 4:</ReturnReference>
        <Explanation>The University has received several work of arts from distinguished writers, artists, individuals and companies for educational exhibition, preservation and research.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Description of Uncertain Tax Positions Under FIN 48:</Identifier>
        <ReturnReference>Part X, Line 2:</ReturnReference>
        <Explanation>The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The University records interest related to unrecognized tax benefits in interest expense and penalties in selling, general, and administrative expenses.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Explanation of Nondiscriminatory Policy Publication</Identifier>
        <ReturnReference>Schedule E, Part I, Line 3</ReturnReference>
        <Explanation>As required by federal and state laws the Universidad Interamericana de Puerto Rico includes in most of the documentation its nondiscriminatory policies and statements.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Explanation of Government Financial Assistance</Identifier>
        <ReturnReference>Schedule E, Part I, Line 6</ReturnReference>
        <Explanation>The University receives annually several scholarships, awards, grants and financial aid from federal and state agencies to assist students in their academic goals.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>General Activities</NameOfEvent1>
        <GrossReceiptsEvent1>1884689</GrossReceiptsEvent1>
        <GrossRevenueEvent1>1884689</GrossRevenueEvent1>
        <GrossReceiptsTotal>1884689</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>1884689</GrossRevenueTotalEvents>
        <NetIncomeSummary>1884689</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>0</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Students' Scholarships</TypeOfGrant>
        <NumberOfRecipients>41173</NumberOfRecipients>
        <AmountOfCashGrant>16285833</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Procedure for Monitoring Grants in the U.S.:</Identifier>
        <ReturnReference>Part I, Line 2:</ReturnReference>
        <Explanation>Schedule I, Part I, Line 2: Financial aid assistance are awarded based on US, State, and private guidelines as required by the type or source of assistance.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>0</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>1</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Manuel J Fernos</NamePerson>
        <Title>President of Inter American Universi</Title>
        <BaseCompensationFilingOrg>221200</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>78401</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>299601</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Marilina Wayland</NamePerson>
        <Title>Chancellor</Title>
        <BaseCompensationFilingOrg>137052</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>7200</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>6823</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>151075</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Luis M Negron</NamePerson>
        <Title>Former Dean</Title>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>Part I, Line 1a</ReturnReference>
        <Explanation>An executive / officer received housing allowance as part of her compensation.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>Universidad Interamericana de Puerto Rico</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>660177776</IssuerEIN>
        <CUSIPNumber>NoneAvail</CUSIPNumber>
        <DateIssued>2004-12-01</DateIssued>
        <IssuePrice>36575000</IssuePrice>
        <DescriptionOfPurpose>Bonds issued for new educational buildings</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>B</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>Universidad Interamericana de Puerto Rico</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>660177776</IssuerEIN>
        <CUSIPNumber>NoneAvail</CUSIPNumber>
        <DateIssued>2012-08-12</DateIssued>
        <IssuePrice>58455000</IssuePrice>
        <DescriptionOfPurpose>Bonds issued for new educational buildings</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>B</BondReferenceCd>
        <TotalProceeds>63876350</TotalProceeds>
        <AmountInReserveFund>5017102</AmountInReserveFund>
        <IssuanceCostsFromProceeds>899764</IssuanceCostsFromProceeds>
        <CapitalExpenditures>9400000</CapitalExpenditures>
        <YearOfSubstCompletion>2012</YearOfSubstCompletion>
        <CurrentRefunding>1</CurrentRefunding>
        <AdvanceRefunding>1</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>B</BondReferenceCd>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>0</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>0</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>0</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>28850</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Space Usage</Description>
        <NumberOfContributions>24</NumberOfContributions>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>0</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Explanation for Not Filing Form 990-T</Identifier>
        <ReturnReference>Form 990, Part V, line 3b</ReturnReference>
        <Explanation>The UBT was in Puerto Rico, the subsidiary filed a Puerto Rico corporate tax for its operations.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section A, line 6</ReturnReference>
        <Explanation>The Institution has a Board of Trustees that meet monthly to oversee and monitor all business aspects of the organization.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section A, line 7a</ReturnReference>
        <Explanation>The Board of Trustees has an internal procedure to evaluate, nominate, and vote for the available positions.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 11</ReturnReference>
        <Explanation>A printed copy of the 990 return is presented to the Board of Trustees prior formal filing to IRS. The return is compiled and calculated based upon its audited financial statements and supplemental information gathered fro the Universitys internal reporting system.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 12c</ReturnReference>
        <Explanation>The Institution has a written policy and a self assessment questionnaire to monitor conflict of interest among key personnel, board of trustees and other related to the Institution, which is done annually.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 15</ReturnReference>
        <Explanation>The Human Resources Office compiles market data, trends, and other information to assess the personnels compensation. In addition, for some positions there are committees being assigned to review and evaluate prospective personnel.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section C, line 19</ReturnReference>
        <Explanation>The Institution makes the governing documents, conflict of interest policy, financial statements available to the public upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Empresas Interex Inc</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 195274</AddressLine1>
          <City>Hato Rey</City>
          <State>PR</State>
          <ZIPCode>00918</ZIPCode>
        </AddressUS>
        <EIN>660517257</EIN>
        <PrimaryActivities>Real Estate Operations</PrimaryActivities>
        <LegalDomicileForeignCountry>RQ</LegalDomicileForeignCountry>
        <TotalIncome>272521</TotalIncome>
        <EOYAssets>13452123</EOYAssets>
      </Form990ScheduleRPartI>
    </IRS990ScheduleR>
  </ReturnData>
</Return>