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      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>ARTHUR KEISER</NamePerson>
        <Title>PRESIDENT</Title>
        <BaseCompensationFilingOrg>831000</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>10000</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>14842</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>855842</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PETER CROCITTO</NamePerson>
        <Title>EXECUTIVE VICE CHANC</Title>
        <BaseCompensationFilingOrg>602239</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>9800</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>35379</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>647418</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOSEPH BERARDINELLI</NamePerson>
        <Title>VICE CHANCELLOR</Title>
        <BaseCompensationFilingOrg>320417</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>9698</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5598</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>335713</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KRISTI MOLLIS</NamePerson>
        <Title>UNIVERSITY PRESIDENT</Title>
        <BaseCompensationFilingOrg>397521</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>5746</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>409048</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JAMES WALDMAN</NamePerson>
        <Title>GENERAL COUNSEL</Title>
        <BaseCompensationFilingOrg>345192</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>10000</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>24</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>355216</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RHONDA FULLER</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>337320</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>6500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>349601</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BRIAN WOODS</NamePerson>
        <Title>VICE CHANCELLOR</Title>
        <BaseCompensationFilingOrg>286501</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>8546</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>300828</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHELE MORGAN</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>257816</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>7740</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>271337</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ELLEN BERNHARDT</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>255797</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>7698</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>269276</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GARY COSGROVE</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>255725</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>594</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>262100</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM RITCHIE</NamePerson>
        <Title>VICE CHANCELLOR</Title>
        <BaseCompensationFilingOrg>200781</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>6912</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>213474</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MARY JANE MOORE</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>192660</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>5760</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5757</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>204177</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JAYNE MOSCHELLA</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <BaseCompensationFilingOrg>188533</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>2600</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>196914</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>SHERYL OLSEN</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <BaseCompensationFilingOrg>158135</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>5625</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>169541</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>SUSAN ZIEGELHOFER</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <BaseCompensationFilingOrg>219302</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>6515</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5952</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>231769</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>LAWRENCE DEL VECCHIO</NamePerson>
        <Title>ASSOC VICE CHANCELLO</Title>
        <BaseCompensationFilingOrg>208616</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>6216</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5562</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>220394</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GARY MARKOWITZ</NamePerson>
        <Title>CAMPUS PRESIDENT</Title>
        <BaseCompensationFilingOrg>208056</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>7322</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>24</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>215402</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>REBECCA MCDONNELL</NamePerson>
        <Title>CAMPUS PRESIDENT</Title>
        <BaseCompensationFilingOrg>203930</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>6955</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5781</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>216666</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DOMINGO MONTALVO</NamePerson>
        <Title>CAMPUS PRESIDENT</Title>
        <BaseCompensationFilingOrg>202493</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>3382</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>5952</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>211827</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>WRITTEN REIMBURSEMENT POLICY EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE J, PAGE 1, PART I, LINE 1B</ReturnReference>
        <Explanation>THE ORGANIZATON ALLOWS FIRST CLASS AND CHARTER TRAVEL WHEN COSTS ARE REASONABLE AND TIME CONSTRAINTS EXIST. ALL TRAVEL IS REVIEWED PRIOR TO BOOKING.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>COMPENSATION CONTINGENT UPON NET EARNINGS OF ORGANIZATION</Identifier>
        <ReturnReference>SCHEDULE J, PAGE 1, PART I, LINE 6A</ReturnReference>
        <Explanation>KEY EMPLOYEES RECEIVE ADDITIONAL COMPENSATION BASED UPON YEAR END OBJECTIVELY DETERMINED OUTCOMES OF THE INSTITUTION (E.G. STRATEGIC PLAN AND CLASS SIZE.)</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc11">
      <LoanTable>
        <NameBusiness>
          <BusinessNameLine1>KEISER SCHOOL INC</BusinessNameLine1>
          <BusinessNameLine2>KEISER SCHOOOL INC</BusinessNameLine2>
        </NameBusiness>
        <RelationshipWithOrganization>PRES HAS OWNRSHP INT</RelationshipWithOrganization>
        <PurposeOfLoan>PURCH OF NONCASH ASSETS KEISER SCHO</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>300000000</OriginalPrincipalAmount>
        <BalanceDue>297815043</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NameBusiness>
          <BusinessNameLine1>KEISER SCHOOL INC</BusinessNameLine1>
          <BusinessNameLine2>KEISER SCHOOL INC</BusinessNameLine2>
        </NameBusiness>
        <RelationshipWithOrganization>PRES HAS OWNRSHP INT</RelationshipWithOrganization>
        <PurposeOfLoan>WORKING CAPITAL</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>21164358</OriginalPrincipalAmount>
        <BalanceDue>8531327</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>306346370</TotalBalanceDue>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>OLYMPUS LAKELAND LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>1276696</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON LAKELAND CAM</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>OLYMPUS LAKELAND LTD PHASE II</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>675363</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON LAKELAND CAM</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>DEMETER PEMBROKE PINES LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>2569007</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON PEMBROKE PIN</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>UNIVERSITY COMMONS OFFICE CTR</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>1365853</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON SARASOTA CAM</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>LWR COMMONS LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>2369171</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON SARASOTA CAM</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>ATEHNA VISTA LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>1168000</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON WEST PALM BE</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>ATHENA VISTA LTD PHASE II</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>497266</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON WEST PALM BE</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>NINETEEN HUNDRED BLDG ASSOC LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>1666668</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON OFFICE OF TH</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>SPECTRUM 1500 BUILDING</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>2619593</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON FT LAUDERDAL</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>DAYTONA EDUCATION ASSOC LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT HAS A</Relationship>
        <AmountOfTransaction>432991</AmountOfTransaction>
        <DescriptionOfTransaction>RENT ON DAYTONA BEAC</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartV>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE L PART V</ReturnReference>
        <Explanation>1AOLYMPUS LAKELAND LTD BPRESIDENT HAS AN OWNERSHIP INTEREST D RENT ON LAKELAND CAMPUS BUILDING 1 2AOLYMPUS LAKELAND LTD PHASE II BPRESIDENT HAS AN OWNERSHIP INTEREST D RENT ON LAKELAND CAMPUS BUILDING 2 3ADEMETER PEMBROKE PINES LTD BPRESIDENT HAS AN OWNERSHIP INTEREST D RENT ON PEMBROKE PINES CAMPUS 4AUNIVERSITY COMMONS OFFICE CTR BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON SARASOTA CAMPUS BUILDING 1 KU 5ALWR COMMONS LTD BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON SARASOTA CAMPUS BUILDING 2 KU EU 6A ATHENA VISTA LTD BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON WEST PALM BEACH CAMPUS BUILDING 7A ATHENA VISTA LTDPHASE II BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON WEST PALM BEACH CAMPUS BUILDING 8ANINETEEN HUNDRED BLDG ASSOC LTD BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON OFFICE OF THE CHANCELLOR AND ONLINE DIVISION 9ASPECTRUM 1500 BUILDING BPRESIDENT HAS AN OWNERSHIP INTEREST DRENT ON FT LAUDERDALE MAIN CAMPUS 10ADAYTONA EDUCATION ASSOC LTD BPRESIDENT HAS AN OWNERSHIP INTEREST C432991 D RENT ON DAYTONA BEACH CAMPUS E NO 11AKEISER CAREER COLLEGE BPRESIDENT HAS AN OWNERSHIP INTEREST C 1400820 D REIMBURSEMENT OF EXPENSES E NO 12 A KEISER SCHOOL INC BPRESIDENT HAS AN OWNERSHIP INTEREST C 15822733 D INTEREST AND PRINCIPAL ON NOTES PAYABLE E NO 13A HERCULES PROPERTIES LTD BPRESIDENT HAS AN OWNERSHIP INTEREST C 1559137 D RENT ON ORLANDO CAMPUS 2 BUILDINGS E NO 14A PARKLAND EDUCATION BPRESIDENT HAS AN OWNERSHIP INTEREST C804217 D RENT ON MELBOURNE CAMPUS E NO 15 A KEISER COMMONS LTD BPRESIDENT HAS AN OWNERSHIP INTEREST C321091 D RENT ON TALLAHASSEE BUILDING 1 E NO 16 A RUDNICK DEVELOPMENT BPRESIDENT HAS AN OWNERSHIP INTEREST C 238266 D RENT ON TALLAHASSEE BUILDING 2 E NO 17 A EVERGLADES MANAGEMENT INC BPRESIDENT HAS AN OWNERSHIP INTEREST C 635969 D CHARTER AIRCRAFT AND OTHER TRAVEL E NO 18 A CAPITAL HOLDINGS 129 LLC BPRESIDENT HAS AN OWNERSHIP INTEREST C 84788 D CHARTER AIRCRAFT E NO 19 A HERMES AIRCRAFT LLC BPRESIDENT HAS AN OWNERSHIP INTEREST C 145679 D CHARTER AIRCRAFT E NO 20 AHOLIDAY INN EXPRESS FORT LAUDERDALE BPRESIDENT HAS AN OWNERSHIP INTEREST C 177432 D COST OF EMPLOYEES STAYING IN FT LAUDERDALE E NO 21 AKEISER COMPUTERS INC BOWNED BY FAMILY MEMBER RELATED TO CHANCELLOR C 68823 D COST OF INSTITUTIONAL PAPERLESS FILING SYSTEM E NO 22 AFOSTER LEARNING CORPORATION B OWNED BY BOARD MEMBER TOM FOSTER C 31500 D MANAGEMENT CONSULTING E NO 23 A HORNER XPRESS SOUTH FLORIDA B OWNED BY BOARD MEMBER WILLIAM KENT C 16172 D NET SHARE OF INCOME FROM THE AQUATIC ENGINEERING PROGRAM E YES 24 A CUTTING EDGE RECRUITING SOLUTIONSARA B OWNED BY FAMILY MEMBER RELATED TO ANDREW WRIGHT C 83758 D TEMPORARY STAFFING COMPANY E NO</Explanation>
      </Form990ScheduleLPartV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc12">
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>217195</NoncashContribsRptdF990>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc13">
      <GeneralExplanation>
        <Identifier>AMENDED RETURN EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 1, ITEM B</ReturnReference>
        <Explanation>DEFERRED RENT LIABILITY AND EXPENSE WAS UNDERSTATED BY 12,991,590; UNEARNED REVENUE WAS UNDERSTATED BY 1,873,955; THEREFORE UNRESTRICTED NET ASSETS WERE OVERSTATED BY 14,865,545.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>KEISER UNIVERSITY IS A REGIONALLY ACCREDITED PRIVATE CAREER UNIVERSITY THAT PROVIDES EDUCATIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR A DIVERSE STUDENT BODY IN TRADITIONAL, NONTRADITIONAL AND ONLINE DELIVERY FORMATS. THE MAIN CAMPUS IS LOCATED IN FORT LAUDERDALE, WITH CAMPUSES LOCATED THROUGHOUT THE STATE OF FLORIDA AND INTERNATIONALLY. THROUGH QUALITY TEACHING, LEARNING AND RESEARCH, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLS NECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO A "STUDENTS FIRST" PHILOSOPHY, KEISER UNIVERSITY PREPARES GRADUATES FOR CAREERS IN BUSINESS, CRIMINAL JUSTICE, HEALTH CARE, TECHNOLOGY, HOSPITALITY, EDUCATION AND CAREER-FOCUSED STUDIES. THE MISSION OF EVERGLADES UNIVERSITY IS TO PROVIDE QUALITY EDUCATION TO ADULT LEARNERS OF DIVERSE BACKGROUNDS IN A COLLABORATIVE ENVIRONMENT WHERE EACH INDIVIDUAL HAS THE OPPORTUNITY TO ACHIEVE PERSONAL GROWTH. THE UNIVERSITY SEEKS TO ACCOMPLISH ITS MISSION BY COMBINING SMALL CLASS SIZES AND INNOVATIVE PROGRAMS WITH TRADITIONAL ACADEMIC VALUES. THE UNIVERSITY SUPPORTS THE ACADEMIC ENDEAVOR THROUGH RESEARCH, SCHOLARLY CONTRIBUTION, AND SERVICE TO DELIVER GRADUATE AND UNDERGRADUATE PROGRAMS ON CAMPUS AND ONLINE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990</ReturnReference>
        <Explanation>EVERGLADES COLLEGE INC PARTICIPATES IN A PROFESSIONAL EMPLOYER ORGANIZATION IN 2012, EVERGLADES COLLEGE HAD 3233 PARTICIPANTS IN THE PEO WHICH IS RESPONSIBLE FOR REPORTING ON ALL W-2'S AND THE W-3 FOR THE COLLEGE. THE NAME OF THE PROFESSIONAL EMPLOYER ORGANIZATION IS OASIS OUTSOURCING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ANY SIGNIFICANT NEW PROGRAM SERVICES NOT LISTED ON A PRIOR RETURN</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 2</ReturnReference>
        <Explanation>NEW PROGRAM SERVICES ADDED IN 2012: 1. PHD IN INDUSTRIAL AND ORGANIZATIONAL PSYCHOLOGY 2. PHD IN PSYCHOLOGY 3. EDS IN EDUCATIONAL LEADERSHIP 4. EDS IN INSTRUCTIONAL DESIGN AND TECHNOLOGY 5. MACC, CONCENTRATIONS: GENERAL ACCOUNTING; FORENSIC ACCOUNTING 6. MBA, ADDED CONCENTRATION: INFORMATION SECURITY MANAGEMENT 7. MS IN INFORMATION SECURITY 8. MS IN INFORMATION TECHNOLOGY LEADERSHIP 9. MS IN MANAGEMENT 10. MS IN PSYCHOLOGY 11. GRADUATE BUSINESS CERTIFICATE IN HEALTH SERVICES MANAGEMENT 12. GRADUATE BUSINESS CERTIFICATE IN MANAGEMENT AND LEADERSHIP 13, BA IN PSYCHOLOGY 14. BS IN SPORT MANAGEMENT, CONCENTRATION: GOLF</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE 990 IS REVIEWED BY THE BOARD, PRESIDENT , VICE PRESIDENT, TREASURER AND LEGAL COUNSEL PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE QUESTIONED ON POTENTIAL CONFLICTS OF INTEREST. THIS REVIEW IS PERFORMED BY THE OFFICE OF THE CHANCELLOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE PRESIDENT'S COMPENSATION IS DISCUSSED AND APPROVED ANNUALLY WITH THE COMPENSATION COMMITTEE. THERE ARE APPROVED SALARY RANGES FOR ALL POSITIONS AS WELL AS AN ANNUAL REVIEW PROCESS. THE BOARD APPROVES THE SALARY RANGES EACH YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THERE ARE APPROVED SALARY RANGES FOR ALL POSITIONS AS WELL AS AN ANNUAL REVIEW PROCESS. THE BOARD APPROVES THE SALARY RANGES EACH YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>UPON REQUEST, THE FINANCIAL INFORMATION IS AVAILABLE UNDER THE SUNSHINE LAWS OF THE STATE OF FLORIDA.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>