﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-05-15T13:17:33-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>660703468</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>GALINDEZ LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO BOX 364152</AddressLine1Txt>
        <CityNm>SAN JUAN</CityNm>
        <StateAbbreviationCd>PR</StateAbbreviationCd>
        <ZIPCd>009364152</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>660272821</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE BALDWIN SCHOOL OF PUERTO RICO</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>INC</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>BALD</BusinessNameControlTxt>
      <PhoneNum>7877202421</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 1827</AddressLine1Txt>
        <CityNm>BAYAMON</CityNm>
        <StateAbbreviationCd>PR</StateAbbreviationCd>
        <ZIPCd>00960</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>NEISHKA MARTINEZ FERRER</PersonNm>
      <PersonTitleTxt>DIRECTOR OF FINANCE</PersonTitleTxt>
      <PhoneNum>7877202421</PhoneNum>
      <SignatureDt>2026-05-13</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>KENNETH RIVERA ROBLES</PreparerPersonNm>
      <PTIN>P00964820</PTIN>
      <PhoneNum>7877254545</PhoneNum>
      <PreparationDt>2026-05-15</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990 documentId="RetDoc2" referenceDocumentId="RetDoc9">
      <DoingBusinessAsName>
        <BusinessNameLine1Txt>BALDWIN SCHOOL</BusinessNameLine1Txt>
      </DoingBusinessAsName>
      <PrincipalOfficerNm>JOAQUIN BACARDI</PrincipalOfficerNm>
      <USAddress>
        <AddressLine1Txt>PALMA REAL CALLE VIAJERA 81</AddressLine1Txt>
        <CityNm>GUAYNABO</CityNm>
        <StateAbbreviationCd>PR</StateAbbreviationCd>
        <ZIPCd>00969</ZIPCd>
      </USAddress>
      <GrossReceiptsAmt>20591188</GrossReceiptsAmt>
      <GroupReturnForAffiliatesInd>false</GroupReturnForAffiliatesInd>
      <Organization501c3Ind>X</Organization501c3Ind>
      <WebsiteAddressTxt>WWW.BALDWIN-SCHOOL.ORG</WebsiteAddressTxt>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1968</FormationYr>
      <LegalDomicileStateCd>PR</LegalDomicileStateCd>
      <ActivityOrMissionDesc>SEE SCHEDULE O</ActivityOrMissionDesc>
      <VotingMembersGoverningBodyCnt>10</VotingMembersGoverningBodyCnt>
      <VotingMembersIndependentCnt>10</VotingMembersIndependentCnt>
      <TotalEmployeeCnt>179</TotalEmployeeCnt>
      <TotalVolunteersCnt>10</TotalVolunteersCnt>
      <TotalGrossUBIAmt>0</TotalGrossUBIAmt>
      <PYContributionsGrantsAmt>96036</PYContributionsGrantsAmt>
      <CYContributionsGrantsAmt>901738</CYContributionsGrantsAmt>
      <PYProgramServiceRevenueAmt>14537658</PYProgramServiceRevenueAmt>
      <CYProgramServiceRevenueAmt>16004752</CYProgramServiceRevenueAmt>
      <PYInvestmentIncomeAmt>513906</PYInvestmentIncomeAmt>
      <CYInvestmentIncomeAmt>331315</CYInvestmentIncomeAmt>
      <PYOtherRevenueAmt>455710</PYOtherRevenueAmt>
      <CYOtherRevenueAmt>592288</CYOtherRevenueAmt>
      <PYTotalRevenueAmt>15603310</PYTotalRevenueAmt>
      <CYTotalRevenueAmt>17830093</CYTotalRevenueAmt>
      <PYGrantsAndSimilarPaidAmt>232835</PYGrantsAndSimilarPaidAmt>
      <CYGrantsAndSimilarPaidAmt>285205</CYGrantsAndSimilarPaidAmt>
      <CYBenefitsPaidToMembersAmt>0</CYBenefitsPaidToMembersAmt>
      <PYSalariesCompEmpBnftPaidAmt>11173584</PYSalariesCompEmpBnftPaidAmt>
      <CYSalariesCompEmpBnftPaidAmt>11289761</CYSalariesCompEmpBnftPaidAmt>
      <CYTotalProfFndrsngExpnsAmt>0</CYTotalProfFndrsngExpnsAmt>
      <CYTotalFundraisingExpenseAmt>0</CYTotalFundraisingExpenseAmt>
      <PYOtherExpensesAmt>6176265</PYOtherExpensesAmt>
      <CYOtherExpensesAmt>6492310</CYOtherExpensesAmt>
      <PYTotalExpensesAmt>17582684</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>18067276</CYTotalExpensesAmt>
      <PYRevenuesLessExpensesAmt>-1979374</PYRevenuesLessExpensesAmt>
      <CYRevenuesLessExpensesAmt>-237183</CYRevenuesLessExpensesAmt>
      <TotalAssetsBOYAmt>27591379</TotalAssetsBOYAmt>
      <TotalAssetsEOYAmt>26595136</TotalAssetsEOYAmt>
      <TotalLiabilitiesBOYAmt>20553690</TotalLiabilitiesBOYAmt>
      <TotalLiabilitiesEOYAmt>19991319</TotalLiabilitiesEOYAmt>
      <NetAssetsOrFundBalancesBOYAmt>7037689</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>6603817</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <MissionDesc>BALDWIN IS AN INDEPENDENT, NOT-FOR-PROFIT, NON-SECTARIAN, COLLEGE PREPARATORY ENGLISH LANGUAGE SCHOOL WHOSE MISSION IS TO OFFER A RIGOROUS CURRICULUM IN A NURTURING ENVIRONMENT, CHALLENGING STUDENTS TO BE THOUGHTFUL LEARNERS AND ENGAGED, COMPASSIONATE CULTURALY AWARE CITIZENS IN A DIVERSE WORLD.</MissionDesc>
      <SignificantNewProgramSrvcInd>false</SignificantNewProgramSrvcInd>
      <SignificantChangeInd>false</SignificantChangeInd>
      <ExpenseAmt>14651124</ExpenseAmt>
      <GrantAmt>285205</GrantAmt>
      <RevenueAmt>16513257</RevenueAmt>
      <Desc>ALL PROGRAM EXPENSES ARE RELATED TO THE EDUCATIONAL ACTIVITIES, COVERING PRE-KINDER THROUGH TWELFTH GRADE. TOTAL ENROLLMENT FOR THE ACADEMIC YEAR 24-25 WAS 834. NO FUNDS FOR TITLE II-A WERE RECEIVED FOR THE CURRENT TAX YEAR.</Desc>
      <TotalProgramServiceExpensesAmt>14651124</TotalProgramServiceExpensesAmt>
      <DescribedInSection501c3Ind referenceDocumentId="RetDoc11">true</DescribedInSection501c3Ind>
      <ScheduleBRequiredInd referenceDocumentId="RetDoc1">true</ScheduleBRequiredInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <DonorAdvisedFundInd referenceDocumentId="RetDoc3">false</DonorAdvisedFundInd>
      <ConservationEasementsInd referenceDocumentId="RetDoc3">false</ConservationEasementsInd>
      <CollectionsOfArtInd referenceDocumentId="RetDoc3">false</CollectionsOfArtInd>
      <CreditCounselingInd referenceDocumentId="RetDoc3">true</CreditCounselingInd>
      <DonorRstrOrQuasiEndowmentsInd referenceDocumentId="RetDoc3">true</DonorRstrOrQuasiEndowmentsInd>
      <ReportLandBuildingEquipmentInd referenceDocumentId="RetDoc3">true</ReportLandBuildingEquipmentInd>
      <ReportInvestmentsOtherSecInd referenceDocumentId="RetDoc3">false</ReportInvestmentsOtherSecInd>
      <ReportProgramRelatedInvstInd referenceDocumentId="RetDoc3">false</ReportProgramRelatedInvstInd>
      <ReportOtherAssetsInd referenceDocumentId="RetDoc3">true</ReportOtherAssetsInd>
      <ReportOtherLiabilitiesInd referenceDocumentId="RetDoc3">true</ReportOtherLiabilitiesInd>
      <IncludeFIN48FootnoteInd referenceDocumentId="RetDoc3">false</IncludeFIN48FootnoteInd>
      <IndependentAuditFinclStmtInd referenceDocumentId="RetDoc3">true</IndependentAuditFinclStmtInd>
      <ConsolidatedAuditFinclStmtInd referenceDocumentId="RetDoc3">false</ConsolidatedAuditFinclStmtInd>
      <SchoolOperatingInd referenceDocumentId="RetDoc4">true</SchoolOperatingInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <ForeignActivitiesInd>false</ForeignActivitiesInd>
      <MoreThan5000KToOrgInd>false</MoreThan5000KToOrgInd>
      <MoreThan5000KToIndividualsInd>false</MoreThan5000KToIndividualsInd>
      <ProfessionalFundraisingInd referenceDocumentId="RetDoc5">false</ProfessionalFundraisingInd>
      <FundraisingActivitiesInd referenceDocumentId="RetDoc5">true</FundraisingActivitiesInd>
      <GamingActivitiesInd referenceDocumentId="RetDoc5">false</GamingActivitiesInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <GrantsToOrganizationsInd referenceDocumentId="RetDoc6">false</GrantsToOrganizationsInd>
      <GrantsToIndividualsInd referenceDocumentId="RetDoc6">true</GrantsToIndividualsInd>
      <ScheduleJRequiredInd referenceDocumentId="RetDoc7">true</ScheduleJRequiredInd>
      <TaxExemptBondsInd referenceDocumentId="RetDoc8">true</TaxExemptBondsInd>
      <InvestTaxExemptBondsInd>true</InvestTaxExemptBondsInd>
      <EscrowAccountInd>false</EscrowAccountInd>
      <OnBehalfOfIssuerInd>true</OnBehalfOfIssuerInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <PYExcessBenefitTransInd>false</PYExcessBenefitTransInd>
      <LoanOutstandingInd>false</LoanOutstandingInd>
      <GrantToRelatedPersonInd>false</GrantToRelatedPersonInd>
      <BusinessRlnWithOrgMemInd>false</BusinessRlnWithOrgMemInd>
      <BusinessRlnWithFamMemInd>false</BusinessRlnWithFamMemInd>
      <BusinessRlnWith35CtrlEntInd>false</BusinessRlnWith35CtrlEntInd>
      <DeductibleNonCashContriInd>false</DeductibleNonCashContriInd>
      <DeductibleArtContributionInd>false</DeductibleArtContributionInd>
      <TerminateOperationsInd>false</TerminateOperationsInd>
      <PartialLiquidationInd>false</PartialLiquidationInd>
      <DisregardedEntityInd referenceDocumentId="RetDoc10">true</DisregardedEntityInd>
      <RelatedEntityInd referenceDocumentId="RetDoc10">false</RelatedEntityInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TrnsfrExmptNonChrtblRltdOrgInd referenceDocumentId="RetDoc10">false</TrnsfrExmptNonChrtblRltdOrgInd>
      <ActivitiesConductedPrtshpInd referenceDocumentId="RetDoc10">false</ActivitiesConductedPrtshpInd>
      <ScheduleORequiredInd>true</ScheduleORequiredInd>
      <IRPDocumentCnt>0</IRPDocumentCnt>
      <IRPDocumentW2GCnt>0</IRPDocumentW2GCnt>
      <BackupWthldComplianceInd>true</BackupWthldComplianceInd>
      <EmployeeCnt>179</EmployeeCnt>
      <EmploymentTaxReturnsFiledInd>false</EmploymentTaxReturnsFiledInd>
      <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <TaxablePartyNotificationInd>false</TaxablePartyNotificationInd>
      <NondeductibleContributionsInd>false</NondeductibleContributionsInd>
      <QuidProQuoContributionsInd>false</QuidProQuoContributionsInd>
      <Form8282PropertyDisposedOfInd>false</Form8282PropertyDisposedOfInd>
      <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
      <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
      <Form8899Filedind>false</Form8899Filedind>
      <Form1098CFiledInd>false</Form1098CFiledInd>
      <IndoorTanningServicesInd>false</IndoorTanningServicesInd>
      <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      <SubjectToExcsTaxNetInvstIncInd>false</SubjectToExcsTaxNetInvstIncInd>
      <InfoInScheduleOPartVIInd>X</InfoInScheduleOPartVIInd>
      <GoverningBodyVotingMembersCnt>10</GoverningBodyVotingMembersCnt>
      <IndependentVotingMemberCnt>10</IndependentVotingMemberCnt>
      <FamilyOrBusinessRlnInd>false</FamilyOrBusinessRlnInd>
      <DelegationOfMgmtDutiesInd>false</DelegationOfMgmtDutiesInd>
      <ChangeToOrgDocumentsInd>false</ChangeToOrgDocumentsInd>
      <MaterialDiversionOrMisuseInd>false</MaterialDiversionOrMisuseInd>
      <MembersOrStockholdersInd>true</MembersOrStockholdersInd>
      <ElectionOfBoardMembersInd>true</ElectionOfBoardMembersInd>
      <DecisionsSubjectToApprovaInd>true</DecisionsSubjectToApprovaInd>
      <MinutesOfGoverningBodyInd>true</MinutesOfGoverningBodyInd>
      <MinutesOfCommitteesInd>true</MinutesOfCommitteesInd>
      <OfficerMailingAddressInd>false</OfficerMailingAddressInd>
      <LocalChaptersInd>false</LocalChaptersInd>
      <Form990ProvidedToGvrnBodyInd>false</Form990ProvidedToGvrnBodyInd>
      <ConflictOfInterestPolicyInd>true</ConflictOfInterestPolicyInd>
      <AnnualDisclosureCoveredPrsnInd>true</AnnualDisclosureCoveredPrsnInd>
      <RegularMonitoringEnfrcInd>true</RegularMonitoringEnfrcInd>
      <WhistleblowerPolicyInd>true</WhistleblowerPolicyInd>
      <DocumentRetentionPolicyInd>true</DocumentRetentionPolicyInd>
      <CompensationProcessCEOInd>true</CompensationProcessCEOInd>
      <CompensationProcessOtherInd>true</CompensationProcessOtherInd>
      <InvestmentInJointVentureInd>false</InvestmentInJointVentureInd>
      <StatesWhereCopyOfReturnIsFldCd>PR</StatesWhereCopyOfReturnIsFldCd>
      <UponRequestInd>X</UponRequestInd>
      <BooksInCareOfDetail>
        <PersonNm>NEISHKA MARTINEZ FERRER</PersonNm>
        <PhoneNum>7877202421</PhoneNum>
        <USAddress>
          <AddressLine1Txt>CARR 833 KM 131</AddressLine1Txt>
          <AddressLine2Txt>LOS FILTROS</AddressLine2Txt>
          <CityNm>GUAYNABO</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00969</ZIPCd>
        </USAddress>
      </BooksInCareOfDetail>
      <Form990PartVIISectionAGrp>
        <PersonNm>GREGORY MACGILPIN JR</PersonNm>
        <TitleTxt>HEADMASTER</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>268750</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>41887</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>GAMALIEL RIVERA</PersonNm>
        <TitleTxt>DIRECTOR OF</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>172500</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>26250</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ALEIDA L ARBONA</PersonNm>
        <TitleTxt>SECRETARY</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JOAQUIN BACARDI</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ALEXANDRA M CALDERON</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ANTONIO L FERRE-RANGEL</PersonNm>
        <TitleTxt>VICE-PRESIDE</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DORA MONSERRATE</PersonNm>
        <TitleTxt>GOVERNANCE</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>WILLIAM FEBBO</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SONIA CASO DE LATIMER</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CAMERON MCKENZIE</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CARLA MENDA</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DARIO OCHOA</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>441250</TotalReportableCompFromOrgAmt>
      <TotalOtherCompensationAmt>68137</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>2</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>true</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>JUNCOS CONSTRUCTION LLC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PMB 901 138 WINSTON CHURCHILL AVE</AddressLine1Txt>
            <CityNm>SAN JUAN</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>009266013</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSTRUCTION</ServicesDesc>
        <CompensationAmt>2915116</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>KEEP CLEAN LLC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PO BOX 367532</AddressLine1Txt>
            <CityNm>SAN JUAN</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>009367532</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CLEANING</ServicesDesc>
        <CompensationAmt>421008</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>ST JAMES SECURITY SERVICES LLC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PO BOX 270027</AddressLine1Txt>
            <CityNm>SAN JUAN</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>009282827</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>SECURITY</ServicesDesc>
        <CompensationAmt>314241</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>NEW GARDEN DESIGN INC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PO BOX 1236</AddressLine1Txt>
            <CityNm>CIDRA</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00739</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>LANDSCAPING</ServicesDesc>
        <CompensationAmt>200265</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>4</CntrctRcvdGreaterThan100KCnt>
      <AllOtherContributionsAmt>901738</AllOtherContributionsAmt>
      <TotalContributionsAmt>901738</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>STUDENT TUITION</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>13350882</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>13350882</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>BUILDING FEE</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>1704000</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>1704000</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>TECHNOLOGY FEE</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>422500</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>422500</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>ENROLLMENT FEE</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>328800</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>328800</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>INITIAL ENROLLMENT FEE</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>144000</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>144000</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalOthProgramServiceRevGrp>
        <TotalRevenueColumnAmt>54570</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>54570</RelatedOrExemptFuncIncomeAmt>
      </TotalOthProgramServiceRevGrp>
      <TotalProgramServiceRevenueAmt>16004752</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>124662</TotalRevenueColumnAmt>
        <ExclusionAmt>124662</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>2925871</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>2719218</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>206653</SecuritiesAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>206653</TotalRevenueColumnAmt>
        <ExclusionAmt>206653</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <FundraisingGrossIncomeAmt>125660</FundraisingGrossIncomeAmt>
      <FundraisingDirectExpensesAmt>41877</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>83783</TotalRevenueColumnAmt>
      </NetIncmFromFundraisingEvtGrp>
      <OtherRevenueMiscGrp>
        <Desc>SUMMER SCHOOL INCOME</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>174087</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>174087</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>SCHOLARSHIP FUND</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>131038</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>131038</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>AFTERCARE PROGRAM &amp; EXAM FEES</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>83175</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>83175</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <MiscellaneousRevenueGrp>
        <TotalRevenueColumnAmt>120205</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>120205</RelatedOrExemptFuncIncomeAmt>
      </MiscellaneousRevenueGrp>
      <OtherRevenueTotalAmt>508505</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>17830093</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>16513257</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>331315</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>285205</TotalAmt>
        <ProgramServicesAmt>285205</ProgramServicesAmt>
      </GrantsToDomesticIndividualsGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>441250</TotalAmt>
        <ManagementAndGeneralAmt>441250</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>8497156</TotalAmt>
        <ProgramServicesAmt>7323849</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1173307</ManagementAndGeneralAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>482992</TotalAmt>
        <ManagementAndGeneralAmt>482992</ManagementAndGeneralAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>1092485</TotalAmt>
        <ProgramServicesAmt>1092485</ProgramServicesAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>775878</TotalAmt>
        <ProgramServicesAmt>775878</ProgramServicesAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>114358</TotalAmt>
        <ManagementAndGeneralAmt>114358</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>839573</TotalAmt>
        <ProgramServicesAmt>811985</ProgramServicesAmt>
        <ManagementAndGeneralAmt>27588</ManagementAndGeneralAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>26681</TotalAmt>
        <ManagementAndGeneralAmt>26681</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>383998</TotalAmt>
        <ProgramServicesAmt>383998</ProgramServicesAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>252638</TotalAmt>
        <ProgramServicesAmt>252638</ProgramServicesAmt>
      </InformationTechnologyGrp>
      <TravelGrp>
        <TotalAmt>25232</TotalAmt>
        <ManagementAndGeneralAmt>25232</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>470863</TotalAmt>
        <ManagementAndGeneralAmt>470863</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>1001766</TotalAmt>
        <ProgramServicesAmt>801413</ProgramServicesAmt>
        <ManagementAndGeneralAmt>200353</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>382737</TotalAmt>
        <ProgramServicesAmt>382737</ProgramServicesAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>STAFF AND FAMILY TUITION</Desc>
        <TotalAmt>1335222</TotalAmt>
        <ProgramServicesAmt>1335222</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>BANK CHARGES</Desc>
        <TotalAmt>433573</TotalAmt>
        <ManagementAndGeneralAmt>433573</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>SECURITY GUARDS</Desc>
        <TotalAmt>312537</TotalAmt>
        <ProgramServicesAmt>312537</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <TotalAmt>168739</TotalAmt>
        <ProgramServicesAmt>168739</ProgramServicesAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>744393</TotalAmt>
        <ProgramServicesAmt>724438</ProgramServicesAmt>
        <ManagementAndGeneralAmt>19955</ManagementAndGeneralAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>18067276</TotalAmt>
        <ProgramServicesAmt>14651124</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3416152</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>919193</BOYAmt>
        <EOYAmt>661733</EOYAmt>
      </CashNonInterestBearingGrp>
      <AccountsReceivableGrp>
        <BOYAmt>6021</BOYAmt>
        <EOYAmt>10178</EOYAmt>
      </AccountsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>250488</BOYAmt>
        <EOYAmt>177456</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>43672423</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>21329776</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>20260077</BOYAmt>
        <EOYAmt>22342647</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>4186538</BOYAmt>
        <EOYAmt>1799109</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>1969062</BOYAmt>
        <EOYAmt>1604013</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>27591379</BOYAmt>
        <EOYAmt>26595136</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>2521680</BOYAmt>
        <EOYAmt>1491385</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <TaxExemptBondLiabilitiesGrp>
        <BOYAmt>7987190</BOYAmt>
        <EOYAmt>7784611</EOYAmt>
      </TaxExemptBondLiabilitiesGrp>
      <EscrowAccountLiabilityGrp>
        <BOYAmt>489609</BOYAmt>
        <EOYAmt>369451</EOYAmt>
      </EscrowAccountLiabilityGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>1000000</BOYAmt>
        <EOYAmt>1000000</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>8555211</BOYAmt>
        <EOYAmt>9345872</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>20553690</BOYAmt>
        <EOYAmt>19991319</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>4827386</BOYAmt>
        <EOYAmt>6603817</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>2210303</BOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>7037689</BOYAmt>
        <EOYAmt>6603817</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>27591379</BOYAmt>
        <EOYAmt>26595136</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-237183</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>-196689</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc11">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc3">
      <AgentTrusteeEtcInd>false</AgentTrusteeEtcInd>
      <InclEscrowCustodialAcctLiabInd>true</InclEscrowCustodialAcctLiabInd>
      <ExplanationProvidedInd>X</ExplanationProvidedInd>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>true</EndowmentsHeldRelatedOrgInd>
      <RelatedOrgListSchRInd>true</RelatedOrgListSchRInd>
      <LandGrp>
        <OtherCostOrOtherBasisAmt>968539</OtherCostOrOtherBasisAmt>
        <BookValueAmt>968539</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>35198387</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>15040576</DepreciationAmt>
        <BookValueAmt>20157811</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>5162523</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>4417126</DepreciationAmt>
        <BookValueAmt>745397</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>2342974</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1872074</DepreciationAmt>
        <BookValueAmt>470900</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>22342647</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>RESTRICTED ASSETS</Desc>
        <BookValueAmt>1256467</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>OPERATING LEASE RIGHT-OF-USE ASSET</Desc>
        <BookValueAmt>169146</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>DERIVATIVE FINANCIAL INSTRUMENT</Desc>
        <BookValueAmt>157484</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>OTHER ASSETS</Desc>
        <BookValueAmt>20916</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>1604013</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ADVANCED TUITION PAYMENTS</Desc>
        <Amt>9176709</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>OPERATING LEASE LIABILITY</Desc>
        <Amt>169163</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>9345872</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>16536748</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>16536748</RevenueSubtotalAmt>
      <OtherRevenuesNotIncludedAmt>1293345</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>1293345</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>17830093</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>16773931</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>16773931</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>1293345</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>1293345</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>18067276</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART IV, LINE 2B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL ACTS AS CUSTODIAN FOR CASH HELD FOR STUDENT GROUPS, WHICH IS RESTRICTED FOR THE SPECIFIC USE OF GRADUATION CLASSES AND OTHER STUDENT GROUPS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART V, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>ON FEBRUARY 7, 2015, THE SCHOOL ORGANIZED THE TRUST AND DURING THE YEAR ENDED JUNE 30, 2015 THE BOARD OF DIRECTORS APPROVED THE CREATION OF THE BALDWIN SCHOOL EDUCATIONAL DEVELOPMENT TRUST ("THE TRUST")TO BE USED FOR STUDENT SCHOLARSHIPS, CAPITAL FUNDING AND OTHER FUNDS. ON JUNE 23, 2015 THE BOARD OF DIRECTORS APPROVED THE TRANSFER OF THE SCHOOL'S SCHOLARSHIP FUND NET ASSETS TO THE TRUST AND ON SUCH DATE THE NET ASSETS WERE TRANSFERED TO THE TRUST. THE DEED OF TRUST APPOINTED AS TRUSTEE A GOVERNING BOARD TO BE COMPRISED BY THE PRESIDENT OF THE SCHOOL'S BOARD OF DIRECTORS("THE BOARD"), THE BOARD TREASURER AND A GOVERNANCE OFFICER OF THE BOARD. THE TRUST MAY INVEST IN ANY PROPERTY OR INSTRUMENT CONSIDERED APPROPRIATE BY THE TRUSTEE. THE TRUSTEE HAS ESTABLISHED THAT NET INCOME AFTER THE PAYMENT OF TRUST EXPENSES DERIVED FROM THE TRUST CORPUS MAY BE DISTRIBUTED TO THE GRANTOR (THE SCHOOL) TO BE USED FOR THE PURPOSES APPROVED BY THE BOARD OF DIRECTORS OF THE SCHOOL. THE NET INCOME REFERS TO ALL INCOME AND BENEFITS THAT ARE RECEIVED BY THE TRUST, EXCLUDING THE NET GAIN (LOSS) REALIZED BY THE SALE OF ASSETS AND PROCEEDS OF ANY LIFE INSURANCE POLICY IN WHICH THE TRUST IS THE BENEFICIARY. THESE SHALL BE CONSIDERED CORPUS OF THE TRUST. THE TRUST WILL HAVE A PERPETUAL EXISTENCE, OR AT LEAST TO EXIST DURING THE EXISTENCE OF THE SCHOOL, OR AS OTHERWISE PROVIDED UPON APPLICABLE LAW.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>STAFF AND FAMILY TUITION DISCOUNT 1,335,222 DIRECT EXPENSES - FUNDRAISING EVENTS -41,877</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>STAFF AND FAMILY TUITION DISCOUNT 1,335,222 DIRECT EXPENSES - FUNDRAISING EVENTS -41,877</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc4">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>false</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>false</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL PUBLICIZED IT'S RACIALLY NON-DISCRIMINATORY POLICY THROUGH THE EMPLOYMENT APPLICATIONS, SCHOOL BROCHURES, STUDENTS MANUALS, AND DURING THE ADMISSION PROCESS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RECORDS ARE NOT USED FOR THE DECISION MAKING PROCESS, BUT IF THE NATIONAL ASSOCIATION OF MIDDLE SCHOOL REQUEST THE RECORDS, THE SCHOOL MAKE SURVEYS TO GET THE INFORMATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc5">
      <FundraisingEventInformationGrp>
        <Event1Nm>GOLF TOURNAMENT</Event1Nm>
        <GrossReceiptsEvent1Amt>125660</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>125660</GrossRevenueEvent1Amt>
        <NonCashPrizesEvent1Amt>2625</NonCashPrizesEvent1Amt>
        <RentFacilityCostsEvent1Amt>31840</RentFacilityCostsEvent1Amt>
        <FoodAndBeverageEvent1Amt>3712</FoodAndBeverageEvent1Amt>
        <EntertainmentEvent1Amt>2060</EntertainmentEvent1Amt>
        <OtherDirectExpensesEvent1Amt>1640</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>125660</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>125660</GrossRevenueTotalEventsAmt>
        <NonCashPrizesTotalEventsAmt>2625</NonCashPrizesTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>31840</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>3712</FoodAndBeverageTotalEventsAmt>
        <EntertainmentTotalEventsAmt>2060</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>1640</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>41877</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>83783</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc6">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS</GrantTypeTxt>
        <RecipientCnt>14</RecipientCnt>
        <CashGrantAmt>285205</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>DURING THE YEAR ENDED JUNE 30, 2015, THE BOARD OF DIRECTORS OF THE SCHOOL APPROVED THE CREATION OF THE BALDWIN SCHOOL EDUCATIONAL DEVELOPMENT TRUST (THE TRUST) TO BE USED FOR STUDENT SCHOLARSHIPS FUND. ON JUNE 23, 2015, THE BOARD OF DIRECTORS OF THE SCHOOL APPROVED THE TRANSFER OF THE SCHOOLS SCHOLARSHIP FUND NET ASSETS TO THE TRUST. THE DEED OF THE TRUST APPOINTED AS TRUSTEE A GOVERNING BOARD TO BE COMPRISED BY THE PRESIDENT OF THE SCHOOL'S BOARD OF DIRECTORS (THE BOARD OF DIRECTORS), THE BOARD OF DIRECTORS TREASURER AND A GOVERNANCE OFFICER OF THE BOARD OF DIRECTORS TO MONITOR THE USE OF THE FUNDS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc7">
      <TravelForCompanionsInd>X</TravelForCompanionsInd>
      <HousingAllowanceOrResidenceInd>X</HousingAllowanceOrResidenceInd>
      <WrittenPolicyRefTAndEExpnssInd>true</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>true</SubstantiationRequiredInd>
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <WrittenEmploymentContractInd>X</WrittenEmploymentContractInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>true</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>GREGORY MACGILPIN JR</PersonNm>
        <TitleTxt>HEADMASTER</TitleTxt>
        <BaseCompensationFilingOrgAmt>225000</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>43750</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>41887</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>310637</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>GAMALIEL RIVERA</PersonNm>
        <TitleTxt>DIRECTOR OF FINANCE</TitleTxt>
        <BaseCompensationFilingOrgAmt>150000</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>22500</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>26250</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>198750</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PAGE 1, PART I, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>GREGORY MACGILPIN JR 0 41,887 0 GAMALIEL RIVERA 0 26,250 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc8">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>PUERTO RICO INDUSTRIAL TOURIST</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>EDUCATIONAL MEDICAL AND ENVIRONMEN</BusinessNameLine2Txt>
        </IssuerName>
        <BondIssuerEIN>911890324</BondIssuerEIN>
        <BondIssuedDt>2018-12-28</BondIssuedDt>
        <IssuePriceAmt>8000000</IssuePriceAmt>
        <PurposeDesc>4,874,589.09 TO PROVIDE FUNDS TO REFUND PRIOR TAXABLE BONDS ISSUED ON MAY 23,2007. 3,125,410.91 TO P</PurposeDesc>
        <DefeasedInd>true</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceedsAmt>8000000</TotalProceedsAmt>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>true</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>true</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>true</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>true</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1Txt>CITY NATIONAL</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>BANK OF FLORIDA</BusinessNameLine2Txt>
        </HedgeProviderName>
        <SuperintegratedHedgeInd>false</SuperintegratedHedgeInd>
        <HedgeTerminatedInd>false</HedgeTerminatedInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>PUERTO RICO INDUSTRIAL TOURIST 4,874,589.09 TO PROVIDE FUNDS TO REFUND PRIOR TAXABLE BONDS ISSUED ON MAY 23,2007. 3,125,410.91 TO PROVIDE FUNDS FOR THE CONTRUCTION OF A NEW BUILDING.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc9">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>BALDWIN IS AN INDEPENDENT, NOT-FOR-PROFIT, NON-SECTARIAN, COLLEGE PREPARATORY ENGLISH LANGUAGE SCHOOL WHOSE MISSION IS TO OFFER A RIGOROUS CURRICULUM IN A NURTURING ENVIRONMENT, CHALLENGING STUDENTS TO BE THOUGHTFUL LEARNERS AND ENGAGED, COMPASSIONATE CULTURALY AWARE CITIZENS IN A DIVERSE WORLD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR THE CLASSES OF MEMBERS OF STOCKHOLDERS PLEASE SEE EXHIBIT A - BY LAWS OF THE BALDWIN SCHOOL OF PUERTO RICO, INC. ARTICLE III, SECTIONS 1,2 AND 3.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR THE ELECTION OF MEMBERS AND THEIR RIGHTS PLEASE SEE EXHIBIT A - BY LAWS OF THE BLADWIN SCHOOL OF PUERTO RICO ARTICLE III SECTION 4.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MEMBERS OF THE CORPORATION HAVE ALL THE RIGHTS AND PRIVILEGES STATED IN THE BALDWIN SCHOOL OF PR INC. BY - LAWS, COPY OF WHICH IS ATACHED HERETO. SEE EXHIBIT A - BY LAWS OF THE BALDWIN SCHOOL OF PUERTO RICO, INC. ARTICLE IV.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RETURN PREPARER EMAILS A COPY OF A DRAFT OF THE RETURN, FORM 990, TO THE BUSINESS MANAGER OF THE CORPORATION. SHE/HE FORWARDS A HARD COPY OF THE FORM TO THE CORPORATION'S TREASURER. THE TREASURER WILL DISCUSS AND REVIEW FORM 990 WITH ALL THE MEMBERS OF THE BOARD OF DIRECTORS IN THEIR MONTHLY BOARD MEETING. ONCE ALL POINTS ARE REVIEWED AND CLEARED, THE RETURN WILL BE SENT IN FINAL FORM FOR PROPER SIGNATURES AND FILING PROCEDURES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>PLEASE MAKE REFERENCE TO AMENDED &amp; RESTATED BY LAWS: ARTICLE IX</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD COMMITTEE CONSULTED WITH THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THEY HAVE A COMPARISON OF SALARIES AND COMPENSATION RELATED TO THE MARKET FOR THE SAME POSITIONS AND "PEER SCHOOLS" PROGRAMS IN PUERTO RICO. BALDWIN SCHOOL IS THE ONLY SCHOOL IB (3 APPROVED PROGRAMS) IN PUERTO RICO. HOS / CEO POSITION HAS NO COMPARISON WITH OTHER SIMILAR IB SCHOOLS AROUND THE WORLD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD COMMITTEE CONSULTED WITH THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THEY HAVE A COMPARISON OF SALARIES AND COMPENSATION RELATED TO THE MARKET FOR THE SAME POSITIONS AND "PEER SCHOOLS" PROGRAMS IN PUERTO RICO. BALDWIN SCHOOL IS THE ONLY SCHOOL IB (3 APPROVED PROGRAMS) IN PUERTO RICO. WHEN A MANAGERIAL POSITION IS HIRED THE COMPENSATION PACKAGE HAS NO COMPARISON WITH OTHER SIMILAR IB SCHOOLS AROUND THE WORLD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>STAFF AND FAMILY TUITION DISCOUNT -1,335,222 DIRECT EXPENSES - FUNDRAISING EVENTS 41,877 STAFF AND FAMILY TUITION DISCOUNT 1,335,222 DIRECT EXPENSES - FUNDRAISING EVENTS -41,877</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc10">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>BALDWIN SCHOOL EDUCATIONAL DEVELOPM</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>ENT TRUST</BusinessNameLine2Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>PO BOX 1827</AddressLine1Txt>
          <CityNm>BAYAMON</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00960</ZIPCd>
        </USAddress>
        <EIN>666040295</EIN>
        <PrimaryActivitiesTxt>PASS ACTIV</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PR</LegalDomicileStateCd>
        <TotalIncomeAmt>330761</TotalIncomeAmt>
        <EndOfYearAssetsAmt>1799109</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE BALDWI</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>N SCHOOL OF PUERTO RICO INC</BusinessNameLine2Txt>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>