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      <MissionDesc>THE UNIVERSIDAD DEL SAGRADO CORAZON (SAGRADO) IS AN INDEPENDENT, NONPROFIT, CATHOLIC UNIVERSITY, COMMITTED TO THE EDUCATION OF THE WHOLE PERSON THROUGH STRONG FOUNDATION IN THE LIBERAL ARTS. SAGRADO IS PART OF PUERTO RICOS OLDEST PRIVATE, CONTINUING EDUCATIONAL PROJECT AND IS DEFINED BY A DEEPLY HELD MISSION THAT REFLECTS A DOUBLE COMMITMENT TO SOLIDARITY. THE FIRST PART OF THE MISSION STATES THAT WE SEEK TO EDUCATE PERSONS IN INTELLECTUAL FREEDOM AND MORAL CONSCIENCE. SAGRADO AIMS TO EDUCATE PERSONS, EACH IN HIS OR HER OWN INDIVIDUALITY AND WHOLENESS, TO DEVELOP THEIR OWN JUDGEMENT AND EXERCISE THEIR OWN ETHICAL RESPONSIBILITY. THE SECOND PART STATES THAT SAGRADO EDUCATES PERSONS WHO ARE WILLING TO PARTICIPATE IN THE CONSTRUCTION OF A MORE AUTHENTICALLY CHRISTIAN PUERTO RICAN SOCIETY, DEFINED AS A COMMUNITY OF SOLIDARITY IN JUSTICE AND PEACE. SAGRADOS ACADEMIC PROGRAMS AIM TO ACHIEVE THE MISSION OF DOUBLE SOLIDARITY WITHIN THE CONTEXT OUTLINED BY THE VISION OF THE WORLD AS THE CLASSRO</MissionDesc>
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      <Desc>WE OFFER 29 UNDERGRADUATE BACHELORS DEGREES AND 9 GRADUATE DEGREE PROGRAM WITHIN 5 ACADEMIC PROGRAMS: (A) THE FERR RANGEL SCHOOL OF COMMUNICATION, (B) THE SCHOOL OF ARTS, DESIGN AND CREATIVE INDUSTRIES, (C) THE BUSINESS ADMINISTRATION SCHOOL, (D) THE SCHOOL OF HEALTH AND SCIENCES. AT THIS TIME THERE ARE 51 MINOR CONCENTRATIONS AND (E) THE GENERAL EDUCATION UNIT. ALL OF THE UNDERGRADUATE AND GRADUATE PROGRAMS HAVE BEEN APPROVED BY THE STATE LICENSING AUTHORITY THE BOARD OF POSTSECUNDARY INSTITUTIONS (IN SPANISH JUNTA DE INSTITUCIONES POSTSECUNDARIAS) AND THE UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. VARIOUS ACADEMIC PROGRAMS ALSO HAVE THEIR PROFESSIONAL ACCREDITATION. HTTPS://WWW.SAGRADO.EDU/EN/ACCREDITATIONS/.</Desc>
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        <Desc>SAGRADO OFFERS A CO-CURRICULAR EXPERIENCE THAT SUPPORTS THE STUDENTS CURRICULAR AND ACADEMIC PROGRAM SUCH AS: COLLABORATIVE INNOVATION CENTER (NEEUKO) IS A MULTIDISCIPLINARY SPACE THAT PROVIDES ACCESS TO DESIGN AND INNOVATION TOOLS AND SERVICES TO STUDENTS AND MEMBERS OF THE SURROUNDING COMMUNITIES. ITS FOCUS IS TO PROMOTE THE DEVELOPMENT OF IDEAS, PROJECTS AND BUSINESSES AND CONTRIBUTE TO THE AREAS OF ECONOMIC GROWTH. ELEMENTO 360 IS A STUDENT-RUN COMMUNICATION FIRM THAT PROVIDES PROFESSIONAL COMMUNICATION, MARKETING, AND PRODUCTION SERVICES TO CLIENTS SUCH AS NON- PROFIT ORGANIZATIONS, AND SMALL AND MEDIUM ENTERPRISES (PYMES). ENTREMEDIOS IS A STUDENT-RUN CONTENT-GENERATING SPACE THAT PROVIDES A HANDS-ON LEARNING EXPERIENCE FOR STUDENTS THROUGH THE PRODUCTION OF JOURNALISTIC MATERIAL TO BE PUBLISHED IN PUERTO RICOS LOCAL MEDIA AND OTHER INDEPENDENT MEDIA. SAGRADO INTERNATIONAL PROVIDES STUDENTS THE OPPORTUNITY TO STUDY ABROAD THROUGH DIFFERENT TYPES OF PROGRAMS THAT VARY IN DURATION AND CONTENT. ART GALLERY OFFERS ITS EXHIBITION SPACE TO STUDENTS, PROFESSIONAL ARTISTS, ART TEACHERS, AND EMERGING ARTISTS FROM THE COMMUNITY. STUDIO OF CREATIVE TECHNOLOGIES (STUDIO LAB) IS A LABORATORY AND DIGITAL PRODUCTION CENTER DESIGNED TO CREATE 3D ANIMATION, VISUALIZATION AND IMMERSIVE MEDIA FOR MULTIPLE USES AND PURPOSES. THE SOFIA CENTER PROVIDES STUDENTS WITH OPPORTUNITIES WITH SERVICE LEARNING AND VOLUNTEER SERVICES.</Desc>
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        <Desc>SAGRADO OFFERS A VARIETY OF SUPPORT SERVICES GEARED TOWARDS FACILITATION THE APPROPRIATE ACADEMIC AND PERSONAL DEVELOPMENT OF STUDENTS. THE OFFICE OF INTEGRATED ASSISTANCE OFFERS SERVICES RELATED TO STATE AND FEDERAL FINANCIAL AID PROGRAMS. INSTITUTIONAL AND PRIVATE SCHOLARSHIPS SEEK TO SUPPORT ELIGIBLE STUDENTS WHO ARE COMMITTED TO THEIR STUDIES. AMONG OTHERS, WE OFFER THE FOLLOWING INSTITUTIONAL SCHOLARSHIPS HTTPS://WWW.SAGRADO.EDU/BECAS-SAGRADO/ ATHLETIC SCHOLARSHIPS AVAILABLE TO ELIGIBLE STUDENTS WHO MEET ADMISSION STANDARDS TO COVER ALL OR PART OF THE EXPENSES ASSOCIATED WITH HIS/HER STUDIES. THE EXCEPTIONAL STUDENT FUND IS A PROGRAM BY WHICH AN INDIVIDUAL OR BUSINESS PROVIDES SUBSTANTIAL FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM. THE GOAL OF THIS PROGRAM IS TO SUPPORT THE ACADEMIC EXCELLENCE AND LEADERSHIP OF THOSE STUDENTS WHO HAVE SIGNIFICANT FINANCIAL NEED TO COVER THE COSTS OF THE STUDIES. THE SAGRADO ACHIEVERS PROGRAM PROVIDES FINANCIAL SUPPORT FOR SO THAT STUDENTS CAN COMPLETE THEIR UNIVERSITY STUDIES WITHIN THE TIME ESTABLISHED IN THEIR STUDY PLAN. SAGRADO NURSING ACHIEVERS PRIMARY-CARE PROGRAM PROVIDES AN EDUCATIONAL OPPORTUNITY SCHOLARSHIP TO STUDENTS WHO ARE INTERESTED IN COMPLETING A NURSING CAREER IN A FACE-TO-FACE PROGRAM AND WHO COME FROM ECONOMICALLY DISADVANTAGED BACKGROUNDS. PRIVATE SCHOLARSHIPS PROVIDES FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM IN A GIVEN DISCIPLINE. THE PROFESSIONAL EXPERIENCES CENTER (SAGRADO CAREERS) OFFERS SERVICES THAT CONTRIBUTE TO THE STUDENTS PROFESSIONAL DEVELOPMENT AND PLACEMENT AND INCREASE THEIR EMPLOYABILITY BY INTEGRATING RELEVANT WORK EXPERIENCES WITH ACADEMIC TRAINING. STUDENT ADVISORY SERVICES HAS A TEAM OF ADVISORS WHO SUPPORT STUDENTS TO ACHIEVE THEIR ACADEMIC AND PROFESSIONAL GOALS THROUGH EVALUATION, ANALYSIS AND THE SEARCH FOR OPPORTUNITIES FOR DEVELOPMENT. AMONG THE SERVICES AVAILABLE ARE: ACADEMIC ADVISORS, EQUITY AND ACCESSIBILITY ADVISORS AND FINANCIAL ADVISORS. SOFIA CENTER PROVIDES PSYCHO-SPIRITUAL ACCOMPANIMENT SERVICES TO STUDENTS AND CONTRIBUTES IN THE FORMATION OF LEADERS THROUGH EXPERIENCES AND PROGRAMS FOCUSED ON SOCIAL ACTION, SERVICE LEARNING, AND VOLUNTEERING, AND PROJECTS DIRECTED TO THE DIALOGUE BETWEEN THEOLOGY AND THE DIFFERENT SCIENTIFIC AND HUMANISTIC DISCIPLINES.</Desc>
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        <Desc>THE OFFICE OF STUDENT AFFAIRS OFFERS A VARIETY OF SERVICES THAT PROMOTE THE STUDENTS EXTRACURRICULAR ACTIVITIES THAT WE CALL STUDENT LIFE AND SERVE TO FACILITATE THE STUDENTS COMPREHENSIVE DEVELOPMENT, PERSONAL GROWTH AND THE ACHIEVEMENT OF ACADEMIC GOALS. RESIDENCES. SAGRADO HAS TWO UNIVERSITY RESIDENCES TO PROVIDE ACCOMMODATION TO STUDENTS: WOMENS RESIDENCE (WITH 177 DOUBLE ROOMS) AND MENS RESIDENCES (WITH 98 DOUBLE ROOMS). THE UNIVERSITY RESIDENCES ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK DURING EACH ACADEMIC PERIOD, EXCEPT DURING PERIODS OF ACADEMIC RECESS OR INSTITUTIONAL CLOSURES. ATHLETIC AND RECREATIONAL ACTIVITIES. SAGRADO IS A MEMBER OF PUERTO RICOS INTERUNIVERSITY ATHLETIC LEAGUE (KNOWN IN SPANISH AS LAI). THE ATHLETIC PROGRAM IS ORIENTED TO THE PROMOTION AND PARTICIPATION OF STUDENTS IN ALL SPORTS ACTIVITIES. IT IS A FUNDAMENTAL PART OF STUDENT LIFE AT SAGRADO, WHOSE OBJECTIVE IS TO CONTRIBUTE TO THE STUDENTS PHYSICAL, MENTAL, AND ACADEMIC GROWTH AND ITS INTEGRAL WELL-BEING. THE STUDENT COUNCIL. IT IS THE STUDENTS REPRESENTATIVE BODY THAT IS ELECTED BY THE STUDENTS ANNUALLY. IT ENCOURAGES AND CHANNELS THE STUDENT BODYS EFFECTIVE PARTICIPATION IN INSTITUTIONAL LIFE. STUDENTS ORGANIZATIONS. THE STUDENT BODY HAS FULL FREEDOM OF ASSOCIATION WITHIN A MUTUAL RESPECT FRAMEWORK THAT HELPS MAINTAIN A CLIMATE OF SOLIDARITY AND APPROPRIATE HUMAN RELATIONS. STUDENT ORGANIZATIONS PARTICIPATE IN ACTIVITIES THAT ARE COMPATIBLE WITH EXISTING STANDARDS.</Desc>
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        <PersonNm>ZAHIRA BANKS ESPINOSA</PersonNm>
        <TitleTxt>HUMAN RESOUR</TitleTxt>
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        <PersonNm>MIGUEL A MERCADO MORALES</PersonNm>
        <TitleTxt>EXECUTIVE VP</TitleTxt>
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        <PersonNm>SARA E TOLOSA RAMIREZ</PersonNm>
        <TitleTxt>VP - DEV. &amp;</TitleTxt>
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        <PersonNm>GABRIEL PAIZY DAMIANI</PersonNm>
        <TitleTxt>DEAN SCHOOL</TitleTxt>
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        <PersonNm>DENNIS R ROMAN ROA</PersonNm>
        <TitleTxt>DEAN BUSINES</TitleTxt>
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        <PersonNm>SANDRA SANTIAGO ALVARADO</PersonNm>
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        <PersonNm>MIRIAM B QUINTERO CASANOVAS</PersonNm>
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        <PersonNm>JAVIER J HERNANDEZ ACOSTA</PersonNm>
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        <PersonNm>NADJAH NEGRON CARTAGENA</PersonNm>
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        <PersonNm>KARLA J AGUIRRE ASTACIO</PersonNm>
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        <PersonNm>MILITZA MALDONADO AGUSTY</PersonNm>
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        <PersonNm>KIEBELLE GONZALEZ SANTIAGO</PersonNm>
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        <PersonNm>NADESHA K GONZALEZ NIEVES</PersonNm>
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        <PersonNm>VANESSA NEGRON UBINAS</PersonNm>
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        <PersonNm>RAUL ROSADO PAGAN</PersonNm>
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        <PersonNm>BERNARDO BRAVO ACOSTA</PersonNm>
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        <PersonNm>RAFAEL COLON COLON</PersonNm>
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        <PersonNm>MARISOL VEGA COUTO</PersonNm>
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        <PersonNm>FRANCISCO DIAZ-MASSO</PersonNm>
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        <PersonNm>JORGE JUNQUERA DIEZ</PersonNm>
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        <PersonNm>JAIME LUIS FONALLEDAS FERRAIUOLI</PersonNm>
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        <PersonNm>VANESSA LUGO FLORES</PersonNm>
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        <PersonNm>JUAN ANTONIO LARREA FRENCH</PersonNm>
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        <PersonNm>ANGEL L PEREZ GALARZA</PersonNm>
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        <PersonNm>ANGEL TORRES IRIZARRY</PersonNm>
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        <PersonNm>GREETCHEN DIAZ MUOZ</PersonNm>
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        <PersonNm>FEDERICO J SANCHEZ ORTIZ</PersonNm>
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        <PersonNm>CARLOS J RAMIREZ PADILLA</PersonNm>
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        <PersonNm>FELIX M VILLAMIL PAGANI</PersonNm>
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        <PersonNm>INGRID RIVERA ROCAFORT</PersonNm>
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        <PersonNm>TERE LOUBRIEL ROSADO</PersonNm>
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        <PersonNm>IMMA DE STEFANIS RSCJ</PersonNm>
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        <PersonNm>SAMUEL CESPEDES SABATER</PersonNm>
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        <PersonNm>RAFAEL ALVAREZ SWEETING</PersonNm>
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            <StateAbbreviationCd>PR</StateAbbreviationCd>
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          <BusinessName>
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            <AddressLine1Txt>HC-04 BOX 44374</AddressLine1Txt>
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            <StateAbbreviationCd>PR</StateAbbreviationCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>BUSINESS INTELLIGENCE</BusinessNameLine1Txt>
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            <AddressLine2Txt>CENTRO DE ALTAMIRA</AddressLine2Txt>
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            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00920</ZIPCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>ST JAMES SECURITY SERVICES LLC</BusinessNameLine1Txt>
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          <USAddress>
            <AddressLine1Txt>1604 AVE PONCE DE LEN</AddressLine1Txt>
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            <StateAbbreviationCd>PR</StateAbbreviationCd>
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        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>ANTILLES CLEANING SERVICES FULLER</BusinessNameLine1Txt>
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            <AddressLine1Txt>PO BOX 362617</AddressLine1Txt>
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            <StateAbbreviationCd>PR</StateAbbreviationCd>
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        <FormAndLineReferenceDesc>SCHEDULE J, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES REVIEWS THE PRESIDENTS COMPENSATION PURSUANT TO THE UNIVERSITYS BY-LAWS. THE BOARDS INSTITUTIONAL GOVERNANCE COMMITTEE REVIEWS THE PRESIDENTS PERFORMANCE AND REPORTS ITS RECOMMENDATIONS TO THE BOARD. THE REVIEW AND DECISIONS ARE DOCUMENTED IN THE MINUTE OF THE BOARD AND ITS INSTITUTIONAL GOVERNANCE COMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc8">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>AFICA</BusinessNameLine1Txt>
        </IssuerName>
        <CUSIPNum>745272GG3</CUSIPNum>
        <BondIssuedDt>2012-12-12</BondIssuedDt>
        <IssuePriceAmt>23330000</IssuePriceAmt>
        <PurposeDesc>TO PROVIDE FUNDS, TOGETHER WITH OTHER AVAILABLE MONEYS, TO (I) FINANCE THE ACQUISITION, CONSTRUCTION</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceedsAmt>26294473</TotalProceedsAmt>
        <RefundingEscrowAmt>20814807</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>479666</IssuanceCostsFromProceedsAmt>
        <CapitalExpendituresAmt>5000000</CapitalExpendituresAmt>
        <RefundingTaxExemptBondsInd>true</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</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>false</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>true</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>DIFFERENCES IN ISSUE PRICE EXPLANATION</FormAndLineReferenceDesc>
        <ExplanationTxt>AFICA INCLUDES AMOUNTS ON DEPOSIT IN THE RESERVE ACCOUNT AND THE BOND FUND FOR THE SERIES 2001 BONDS AND EARNINGS UNDER AN INVESTMENT AGREEMENT RELATED TO AMOUNTS ON DEPOSIT IN THE RESERVE ACCOUNT FOR THE SERIES 2001 BONDS THAT WAS TERMINATED ON NOVEMBER 28, 2012.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>AFICA TO PROVIDE FUNDS, TOGETHER WITH OTHER AVAILABLE MONEYS, TO (I) FINANCE THE ACQUISITION, CONSTRUCTION, REMODELING, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES OWNED OR TO BE OWNED BY THE UNIVERSITY, (II) REFUND ALL OF THE AUTHORITY'S HIGHER EDUCATION RESERVE BONDS, SERIES 2001 AND (III) PAY CERTAIN COSTS OF ISSUANCE OF THE SERIES 2012 BONDS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc9">
      <WorksOfArtGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <NoncashContributionsRptF990Amt>34290</NoncashContributionsRptF990Amt>
      </WorksOfArtGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>11</ContributionCnt>
        <NoncashContributionsRptF990Amt>46382</NoncashContributionsRptF990Amt>
      </OtherNonCashContriTableGrp>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>false</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc10">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSIDAD DEL SAGRADO CORAZON (SAGRADO) IS AN INDEPENDENT, NONPROFIT, CATHOLIC UNIVERSITY, COMMITTED TO THE EDUCATION OF THE WHOLE PERSON THROUGH STRONG FOUNDATION IN THE LIBERAL ARTS. SAGRADO IS PART OF PUERTO RICOS OLDEST PRIVATE, CONTINUING EDUCATIONAL PROJECT AND IS DEFINED BY A DEEPLY HELD MISSION THAT REFLECTS A DOUBLE COMMITMENT TO SOLIDARITY. THE FIRST PART OF THE MISSION STATES THAT WE SEEK TO EDUCATE PERSONS IN INTELLECTUAL FREEDOM AND MORAL CONSCIENCE. SAGRADO AIMS TO EDUCATE PERSONS, EACH IN HIS OR HER OWN INDIVIDUALITY AND WHOLENESS, TO DEVELOP THEIR OWN JUDGEMENT AND EXERCISE THEIR OWN ETHICAL RESPONSIBILITY. THE SECOND PART STATES THAT SAGRADO EDUCATES PERSONS WHO ARE WILLING TO PARTICIPATE IN THE CONSTRUCTION OF A MORE AUTHENTICALLY CHRISTIAN PUERTO RICAN SOCIETY, DEFINED AS A COMMUNITY OF SOLIDARITY IN JUSTICE AND PEACE. SAGRADOS ACADEMIC PROGRAMS AIM TO ACHIEVE THE MISSION OF DOUBLE SOLIDARITY WITHIN THE CONTEXT OUTLINED BY THE VISION OF THE WORLD AS THE CLASSROOM AND THE HUMAN PERSON AS THE CENTER OF THE ACADEMIC PROJECT. THE PROGRAMS PURSUE AN INTEGRAL EDUCATION AND SOLIDARY SOCIAL IMPACT. SAGRADO IS LED BY AN INDEPENDENT BOARD OF TRUSTEES OF COMMUNITY LEADERS. IT IS A STUDENT-CENTERED TUITION-DRIVEN TEACHING INSTITUTION. FOR THE ACADEMIC YEAR 2022-2023, SAGRADO HAD AN UNDERGRADUATE ENROLLMENT OF 3,731 AND A GRADUATE ENROLLMENT OF 493, FOR A COMBINED TOTAL OF 4,224 STUDENTS. MOST OF THE UNDERGRADUATE STUDENTS COME FROM THE MIDDLE AND LOWER SOCIAL-ECONOMIC LEVELS OF PUERTO RICAN SOCIETY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>WE OFFER 29 UNDERGRADUATE BACHELORS DEGREES AND 9 GRADUATE DEGREE PROGRAM WITHIN 5 ACADEMIC PROGRAMS: (A) THE FERR RANGEL SCHOOL OF COMMUNICATION, (B) THE SCHOOL OF ARTS, DESIGN AND CREATIVE INDUSTRIES, (C) THE BUSINESS ADMINISTRATION SCHOOL, (D) THE SCHOOL OF HEALTH AND SCIENCES. AT THIS TIME THERE ARE 51 MINOR CONCENTRATIONS AND (E) THE GENERAL EDUCATION UNIT. ALL OF THE UNDERGRADUATE AND GRADUATE PROGRAMS HAVE BEEN APPROVED BY THE STATE LICENSING AUTHORITY THE BOARD OF POSTSECUNDARY INSTITUTIONS (IN SPANISH JUNTA DE INSTITUCIONES POSTSECUNDARIAS) AND THE UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. VARIOUS ACADEMIC PROGRAMS ALSO HAVE THEIR PROFESSIONAL ACCREDITATION. HTTPS://WWW.SAGRADO.EDU/EN/ACCREDITATIONS/.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>SAGRADO OFFERS A CO-CURRICULAR EXPERIENCE THAT SUPPORTS THE STUDENTS CURRICULAR AND ACADEMIC PROGRAM SUCH AS: COLLABORATIVE INNOVATION CENTER (NEEUKO) IS A MULTIDISCIPLINARY SPACE THAT PROVIDES ACCESS TO DESIGN AND INNOVATION TOOLS AND SERVICES TO STUDENTS AND MEMBERS OF THE SURROUNDING COMMUNITIES. ITS FOCUS IS TO PROMOTE THE DEVELOPMENT OF IDEAS, PROJECTS AND BUSINESSES AND CONTRIBUTE TO THE AREAS OF ECONOMIC GROWTH. ELEMENTO 360 IS A STUDENT-RUN COMMUNICATION FIRM THAT PROVIDES PROFESSIONAL COMMUNICATION, MARKETING, AND PRODUCTION SERVICES TO CLIENTS SUCH AS NON- PROFIT ORGANIZATIONS, AND SMALL AND MEDIUM ENTERPRISES (PYMES). ENTREMEDIOS IS A STUDENT-RUN CONTENT-GENERATING SPACE THAT PROVIDES A HANDS-ON LEARNING EXPERIENCE FOR STUDENTS THROUGH THE PRODUCTION OF JOURNALISTIC MATERIAL TO BE PUBLISHED IN PUERTO RICOS LOCAL MEDIA AND OTHER INDEPENDENT MEDIA. SAGRADO INTERNATIONAL PROVIDES STUDENTS THE OPPORTUNITY TO STUDY ABROAD THROUGH DIFFERENT TYPES OF PROGRAMS THAT VARY IN DURATION AND CONTENT. ART GALLERY OFFERS ITS EXHIBITION SPACE TO STUDENTS, PROFESSIONAL ARTISTS, ART TEACHERS, AND EMERGING ARTISTS FROM THE COMMUNITY. STUDIO OF CREATIVE TECHNOLOGIES (STUDIO LAB) IS A LABORATORY AND DIGITAL PRODUCTION CENTER DESIGNED TO CREATE 3D ANIMATION, VISUALIZATION AND IMMERSIVE MEDIA FOR MULTIPLE USES AND PURPOSES. THE SOFIA CENTER PROVIDES STUDENTS WITH OPPORTUNITIES WITH SERVICE LEARNING AND VOLUNTEER SERVICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4C</FormAndLineReferenceDesc>
        <ExplanationTxt>SAGRADO OFFERS A VARIETY OF SUPPORT SERVICES GEARED TOWARDS FACILITATION THE APPROPRIATE ACADEMIC AND PERSONAL DEVELOPMENT OF STUDENTS. THE OFFICE OF INTEGRATED ASSISTANCE OFFERS SERVICES RELATED TO STATE AND FEDERAL FINANCIAL AID PROGRAMS. INSTITUTIONAL AND PRIVATE SCHOLARSHIPS SEEK TO SUPPORT ELIGIBLE STUDENTS WHO ARE COMMITTED TO THEIR STUDIES. AMONG OTHERS, WE OFFER THE FOLLOWING INSTITUTIONAL SCHOLARSHIPS HTTPS://WWW.SAGRADO.EDU/BECAS-SAGRADO/ ATHLETIC SCHOLARSHIPS AVAILABLE TO ELIGIBLE STUDENTS WHO MEET ADMISSION STANDARDS TO COVER ALL OR PART OF THE EXPENSES ASSOCIATED WITH HIS/HER STUDIES. THE EXCEPTIONAL STUDENT FUND IS A PROGRAM BY WHICH AN INDIVIDUAL OR BUSINESS PROVIDES SUBSTANTIAL FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM. THE GOAL OF THIS PROGRAM IS TO SUPPORT THE ACADEMIC EXCELLENCE AND LEADERSHIP OF THOSE STUDENTS WHO HAVE SIGNIFICANT FINANCIAL NEED TO COVER THE COSTS OF THE STUDIES. THE SAGRADO ACHIEVERS PROGRAM PROVIDES FINANCIAL SUPPORT FOR SO THAT STUDENTS CAN COMPLETE THEIR UNIVERSITY STUDIES WITHIN THE TIME ESTABLISHED IN THEIR STUDY PLAN. SAGRADO NURSING ACHIEVERS PRIMARY-CARE PROGRAM PROVIDES AN EDUCATIONAL OPPORTUNITY SCHOLARSHIP TO STUDENTS WHO ARE INTERESTED IN COMPLETING A NURSING CAREER IN A FACE-TO-FACE PROGRAM AND WHO COME FROM ECONOMICALLY DISADVANTAGED BACKGROUNDS. PRIVATE SCHOLARSHIPS PROVIDES FINANCIAL SUPPORT FOR A STUDENT TO COMPLETE AN ACADEMIC PROGRAM IN A GIVEN DISCIPLINE. THE PROFESSIONAL EXPERIENCES CENTER (SAGRADO CAREERS) OFFERS SERVICES THAT CONTRIBUTE TO THE STUDENTS PROFESSIONAL DEVELOPMENT AND PLACEMENT AND INCREASE THEIR EMPLOYABILITY BY INTEGRATING RELEVANT WORK EXPERIENCES WITH ACADEMIC TRAINING. STUDENT ADVISORY SERVICES HAS A TEAM OF ADVISORS WHO SUPPORT STUDENTS TO ACHIEVE THEIR ACADEMIC AND PROFESSIONAL GOALS THROUGH EVALUATION, ANALYSIS AND THE SEARCH FOR OPPORTUNITIES FOR DEVELOPMENT. AMONG THE SERVICES AVAILABLE ARE: ACADEMIC ADVISORS, EQUITY AND ACCESSIBILITY ADVISORS AND FINANCIAL ADVISORS. SOFIA CENTER PROVIDES PSYCHO-SPIRITUAL ACCOMPANIMENT SERVICES TO STUDENTS AND CONTRIBUTES IN THE FORMATION OF LEADERS THROUGH EXPERIENCES AND PROGRAMS FOCUSED ON SOCIAL ACTION, SERVICE LEARNING, AND VOLUNTEERING, AND PROJECTS DIRECTED TO THE DIALOGUE BETWEEN THEOLOGY AND THE DIFFERENT SCIENTIFIC AND HUMANISTIC DISCIPLINES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>THE OFFICE OF STUDENT AFFAIRS OFFERS A VARIETY OF SERVICES THAT PROMOTE THE STUDENTS EXTRACURRICULAR ACTIVITIES THAT WE CALL STUDENT LIFE AND SERVE TO FACILITATE THE STUDENTS COMPREHENSIVE DEVELOPMENT, PERSONAL GROWTH AND THE ACHIEVEMENT OF ACADEMIC GOALS. RESIDENCES. SAGRADO HAS TWO UNIVERSITY RESIDENCES TO PROVIDE ACCOMMODATION TO STUDENTS: WOMENS RESIDENCE (WITH 177 DOUBLE ROOMS) AND MENS RESIDENCES (WITH 98 DOUBLE ROOMS). THE UNIVERSITY RESIDENCES ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK DURING EACH ACADEMIC PERIOD, EXCEPT DURING PERIODS OF ACADEMIC RECESS OR INSTITUTIONAL CLOSURES. ATHLETIC AND RECREATIONAL ACTIVITIES. SAGRADO IS A MEMBER OF PUERTO RICOS INTERUNIVERSITY ATHLETIC LEAGUE (KNOWN IN SPANISH AS LAI). THE ATHLETIC PROGRAM IS ORIENTED TO THE PROMOTION AND PARTICIPATION OF STUDENTS IN ALL SPORTS ACTIVITIES. IT IS A FUNDAMENTAL PART OF STUDENT LIFE AT SAGRADO, WHOSE OBJECTIVE IS TO CONTRIBUTE TO THE STUDENTS PHYSICAL, MENTAL, AND ACADEMIC GROWTH AND ITS INTEGRAL WELL-BEING. THE STUDENT COUNCIL. IT IS THE STUDENTS REPRESENTATIVE BODY THAT IS ELECTED BY THE STUDENTS ANNUALLY. IT ENCOURAGES AND CHANNELS THE STUDENT BODYS EFFECTIVE PARTICIPATION IN INSTITUTIONAL LIFE. STUDENTS ORGANIZATIONS. THE STUDENT BODY HAS FULL FREEDOM OF ASSOCIATION WITHIN A MUTUAL RESPECT FRAMEWORK THAT HELPS MAINTAIN A CLIMATE OF SOLIDARITY AND APPROPRIATE HUMAN RELATIONS. STUDENT ORGANIZATIONS PARTICIPATE IN ACTIVITIES THAT ARE COMPATIBLE WITH EXISTING STANDARDS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 1A</FormAndLineReferenceDesc>
        <ExplanationTxt>DELEGATED AUTHORITY TO COMMITTEES. THE UNIVERSITY BYLAWS GRANT TO THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE ALL THE POWERS OF THE BOARD, EXCEPT TO DISMISS OR ELECT OFFICER, REMOVE A TRUSTEE FROM THE BOARD, APPROVE THE GRANTING OF HONORARY DEGREES, AMEND THE BYLAWS AND DECIDE ON THOSE MATTERS RESERVED FOR THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>PURSUANT TO THE UNIVERSITY BYLAWS, THE ORIGINAL SPONSOR OF THE UNIVERSITY, THE SOCIETY OF THE SACRED HEART, APPOINTS THREE OF THE TRUSTEES DIRECTLY. ONCE APPOINTED, THESE TRUSTEES HAVE THE SAME FIDUCIARY DUTIES AS ALL THE OTHER TRUSTEES. THE SOCIETY RETAINS NO OTHER ROLES IN THE GOVERNANCE OF THE UNIVERSITY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES USES A SECURE ELECTRONIC PLATFORM TO STORE AND MAINTAIN GOVERNING DOCUMENTS (BYLAWS, REGULATIONS, CORPORATE RESOLUTIONS, AND ELECTRONIC VOTING BALLOTS), MEETING AGENDAS, MINUTES AND MATERIALS, AND OTHER RELEVANT INFORMATION OF INTEREST TO THE BOARD MEMBERS SUCH AS CONTACT INFORMATION. ALL BOARD MEMBERS HAVE ACCESS TO THE SECURED PLATFORM. THE FORM 990 WAS PUBLISHED IN THE SECURED PLATFORM, AND BOARD MEMBERS RECEIVED AN ELECTRONIC COMMUNICATION INFORMING THEM THAT FORM 990 WAS AVAILABLE FOR REVIEW AND COMMENTS PRIOR TO ITS FILING. THE BOARD OF TRUSTEES APPROVED FORM 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE MANDATED TO UNDERGO AN ANNUAL DISCLOSURE PROCESS, REQUIRING THEM TO DIVULGE ANY INTERESTS THAT MAY POTENTIALLY GIVE RISE TO CONFLICTS OF INTEREST. THIS ANNUAL DISCLOSURE IS FACILITATED THROUGH THE COMPLETION OF A CONFLICT-OF-INTEREST CERTIFICATE. THIS DUTY EXTENDS TO VARIOUS MEMBERS OF THE UNIVERSITY COMMUNITY, INCLUDING TRUSTEES, THE UNIVERSITY PRESIDENT, INTERNAL AUDITORS, EXECUTIVE MANAGEMENT, SUPERVISORS, EMPLOYEES CONTRACTED UNDER FEDERAL, STATE, OR PRIVATE GRANTS, AND OTHERS. THE MONITORING OF THIS PROCESS IS ASSISTED THROUGHOUT THE INTERNAL AUDITOR ROLE, WHO MAINTAINS CUSTODY OF THE CONFLICT-OF-INTEREST CERTIFICATIONS AND ANY OTHER RELATED DOCUMENTATION. THE INTERNAL AUDITOR REFERS MATTERS REQUIRING EVALUATION TO THE GENERAL COUNSEL OR THE CONFLICT-OF-INTEREST EVALUATION COMMITTEE. THE GENERAL COUNSEL AND THE CONFLICT-OF-INTEREST EVALUATION COMMITTEE ARE RESPONSIBLE TO REPORT THE RESULTS OF THE EVALUATION AND RECOMMENDATIONS TO THE UNIVERSITY PRESIDENT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES REVIEWS THE PRESIDENTS COMPENSATION ANNUALLY PURSUANT TO THE UNIVERSITYS BYLAWS. THE BOARDS INSTITUTIONAL GOVERNANCE COMMITTEE REVIEWS THE PRESIDENTS PERFORMANCE AND REPORTS ITS RECOMMENDATIONS TO THE BOARD. THE REVIEW AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE BOARD AND THE INSTITUTIONAL GOVERNANCE COMMITTEE MEETINGS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COMPENSATION OF OFFICERS, DIRECTORS, AND KEY EMPLOYEES IS BASED ON COMPARATIVE DATA FOR THE PROFESSIONAL DISCIPLINE IN THE MARKET AND WITH OTHER HIGHER EDUCATION INSTITUTIONS IN PUERTO RICO.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 FOR FISCAL YEAR ON JUNE 30, 2023 IS AVAILABLE AT HTTPS://WWW.SAGRADO.EDU/GOVERNANCE-INSTITUTIONAL-DISCLOSURES/.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS AVAILABLE AT SAGRADOS WEBPAGE AT: HTTPS://POLITICAS.SAGRADO.EDU/ AND IN THE INTERNAL PORTAL. THE BYLAWS AND THE CERTIFICATE OF INCORPORATION ARE AVAILABLE AT HTTPS://WWW.SAGRADO.EDU/GOVERNANCE-INSTITUTIONAL-DISCLOSURES/. THE FINANCIAL STATEMENTS FOR FISCAL YEAR ENDING JUNE 30, 2023 ARE AVAILABLE AT HTTPS://WWW.SAGRADO.EDU/GOVERNANCE-INSTITUTIONAL-DISCLOSURES/.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>MINIMUM PENSION LIABILITY ADJUSTMENT 4,549,212</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
