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        <City>MIAMI SHORES</City>
        <State>FL</State>
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      <Name>BRUCE EDWARDS</Name>
      <Title>VP, TREASURER</Title>
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        <NamePerson>RONALD DICK</NamePerson>
        <BaseCompensationFilingOrg>167556</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>22022</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>189578</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS MERRILL</NamePerson>
        <BaseCompensationFilingOrg>165840</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>24251</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>190091</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JEANNE O'LAUGHLIN</NamePerson>
        <NontaxableBenefitsFilingOrg>5256</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>5256</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION</Identifier>
        <ReturnReference>SCHEDULE J, PAGE 1, PART I, LINE 5A</ReturnReference>
        <Explanation>PHYSICIANS IN SCHOOL OF PODIATRY RECEIVED A PERCENT OF GROSS RECEIPTS OF THE TEACHING CLINICS.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc10">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>PINELLAS COUNTY EDUCATIONAL FACILIT</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>596000800</IssuerEIN>
        <CUSIPNumber>723161FP5</CUSIPNumber>
        <DateIssued>2007-10-24</DateIssued>
        <IssuePrice>10000000</IssuePrice>
        <DescriptionOfPurpose>(SEE SCHEDULE O)</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>9293875</TotalProceeds>
        <IssuanceCostsFromProceeds>300922</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>6959558</WorkingCapitalExpenditures>
        <CapitalExpenditures>2739520</CapitalExpenditures>
        <YearOfSubstCompletion>2008</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>BANK OF AMERICA</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>20.0</TermOfHedge>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc11">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>BARRY UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION FOUNDED IN 1940 BY THE ADRIAN DOMINICAN SISTERS. GROUNDED IN THE LIBERAL ARTS TRADITION, BARRY UNIVERSITY IS A SCHOLARLY COMMUNITY COMMITED TO THE HIGHEST ACADEMIC STANDARDS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION. IN THE CATHOLIC INTELLECTUAL TRADITION, INTEGRATION OF STUDY, REFLECTION AND ACTION INFORM THE INTELLECTUAL LIFE. FAITHFUL TO THIS TRADITION, A BARRY EDUCATION AND UNIVERSITY EXPERIENCE FOSTER INDIVIDUAL AND COMMUNAL TRANSFORMATION WHERE LEARNING LEADS TO KNOWLEDGE AND TRUTH, REFLECTION LEADS TO INFORMED ACTION, AND A COMMITMENT TO SOCIAL JUSTICE LEADS TO COLLABORATIVE SERVICE. BARRY UNIVERSITY PROVIDES OPPORTUNITIES FOR AFFIRMING OUR CATHOLIC IDENTITY, DOMINICAN HERITAGE, AND COLLEGIATE TRADITIONS. CATHOLIC BELIEFS AND VALUES ARE ENRICHED BY ECUMENICAL AND INTERFAITH DIALOGUE. THROUGH WORSHIP AND RITUAL, WE CELEBRATE OUR RELIGIOUS IDENTITY WHILE REMINAING A UNIVERSITY COMMUNITY WHERE ALL ARE WELCOME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>SECOND ACHIEVEMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4B</ReturnReference>
        <Explanation>STUDENT ACTIVITIES, STUDENT UNION, AND VOLUNTEER AND COMMUNITY SERVICES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>THIRD ACHIEVEMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4C</ReturnReference>
        <Explanation>TERMINALS AND COMPUTERS IN THE LIBRARY, COMPUTER LABS, DORMS, AND OFFICES ACROSS CAMPUS AS WELL AS AT HOME AND OFF-CAMPUS SITES. THE LIBRARY IS A MEMBER OF: SEFLIN (SOUTH EAST FLORIDA LIBRARY INFORMATION NETWORK); THE ONLINE COMPUTER LIBRARY CENTER (OCLC), A NATIONAL LIBRARY NETWORK; AND SOUTHEASTERN LIBRARY NETWORK (SOLINET). THE BARRY UNIVERSITY DWAYNE O. ANDREAS SCHOOL OF LAW LIBRARY HOLDS OVER 180,000 VOLUMES AND 1600 SUBSCRIPTIONS. THERE IS AVAILIBILITY TO NETWORKED FACULTY INCLUDING WIRED CARRELS AND TABLES. IT IS OPEN TO THE ORLANDO LEGAL COMMUNITY. ALSO, THE LIBRARIANS ARE LAW TRAINED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACHIEVEMENTS DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>AUXILIARY SERVICES: BARRY UNIVERSITY OFFERS THE STUDENTS DINING, BOOKSTORE, AND RESIDENTIAL LIFE SERVICES. THE PURPOSE OF THE OFFICE OF RESIDENTIAL LIFE IS TO WORK WITH STUDENTS, STAFF, AND FACULTY IN THE CREATION OF A CARING AND LEARNING ENVIRONMENT IN WHICH STUDENTS CAN FIND OPPORTUNITIES TO EXCEL ACADEMICALLY AND INTERPERSONALLY. THE STAFF ACTS AS CATALYSTS IN THE DEVELOPMENT OF A HEALTHY, VIBRANT COMMUNITY WHERE INVOLVEMENT, LEADERSHIP, SPIRITUAL DEVELOPMENT, AND LIFE-LONG LEARNING ARE NATURAL COMPONENTS OF DAY-TO-DAY LIVING. DINING SERVICES OFFER A VARIETY OF DINING CHOICES FOR STUDENTS AND VISITORS TO THE MIAMI SHORES CAMPUS. ALL RESIDENT STUDENTS ARE REQUIRED TO CHOOSE FROM ONE OF FIVE MEAL PLAN OPTIONS. MEAL PLANS ARE ALSO AVAILABLE FOR COMMUTER STUDENTS. THE ROUSSELL DINING HALL IS AN ALL YOU CAN EAT FACILITY FEATURING A VARIETY OF FRESH FOOD DESIGNED TO SATISFY EVERYONE. THIS FACILITY SERVES RESIDENT AND COMMUTER STUDENTS, PLUS FACULTY, STAFF AND GUESTS OF THE UNIVERSITY. FULL SERVICE MEALS ARE SERVED SEVEN DAYS PER WEEK.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES</Identifier>
        <ReturnReference>FORM 990, PART V, LINE 4B</ReturnReference>
        <Explanation>BRITISH VIRGIN ISLANDS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>THE MEMBERSHIP OF THE UNIVERSITY CONSISTS OF THE MEMBERS OF THE BOARD OF TRUSTEES ("BOARD").</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>AN INDIVIDUAL SHALL BE ELECTED AS A TRUSTEE BY A MAJORITY VOTE OF THE CURRENT BOARD. ONCE THE INDIVIDUAL IS ELECTED BY THE BOARD, THE TRUSTEE WILL SERVE ON THE BOARD FOR A FOUR (4) YEAR TERM.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DECISIONS SUBJECT TO APPROVAL OF MEMBERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7B</ReturnReference>
        <Explanation>THE BUSINESS AFFAIRS OF THE UNIVERSITY IS MANAGED BY THE BOARD WHO IS ELECTED OR APPOINTED AS SET FORTH IN THE BYLAWS OF THE CORPORATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11</ReturnReference>
        <Explanation>BARRY UNIVERSITY USES THE FOLLOWING PROCESS TO REVIEW THE FORM 990. THE UNIVERSITY'S CONTROLLER PREPARES THE RETURN, THE ASSOCIATE VICE PRESIDENT OF FINANCE AND CHIEF ACCOUNTING OFFICER REVIEWS THE RETURN, AND THE VICE PRESIDENT OF BUSINESS AND FINANCE APPROVES AND SIGNS THE RETURN. THE CONTROLLER ELECTRONICALLY FILES THE RETURN ON OR BEFORE THE DUE DATE INCLUDING EXTENSIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ON AN ANNUAL BASIS, UNDER THE CONFLICT OF INTEREST POLICY, EACH COVERED PERSON SHALL EXECUTE AN ANNUAL DISCLOSURE STATEMENT DISCLOSING THE FACTS RELATED TO ANY COVERED RELATIONSHIP. ONGOING: A COVERED PERSON SHALL DISCLOSE THE EXISTENCE AND NATURE OF ANY COVERED RELATIONSHIP AND ALL MATERIAL FACTS PRIOR TO THE CONSIDERATION OF A PROPOSED TRANSACTION OR ARRANGEMENT BY THE BOARD (FOR A TRUSTEE OR THE PRESIDENT) OR THE ECA (EXECUTIVE COMMITTEE OF THE ADMINISTRATION)(FOR COVERED PERSONS NOT TRUSTEES). IN THE EVENT THAT A POTENTIAL CONFLICT OF INTEREST ARISES AT A BOARD MEETING FOR A TRUSTEE OR THE PRESIDENT, THEN THE COVERED PERSON HAVING SUCH A COVERED RELATIONSHIP IN ANY MATTER SHALL DISCLOSE ANY MATERIAL FACTS AS TO SUCH COVERED RELATIONSHIP TO THE BOARD. IN THE EVENT THAT A POTENTIAL CONFLICT OF INTEREST ARISES OUTSIDE A BOARD MEETING AND/OR FOR A COVERED PERSON NOT A TRUSTEE, THEN THE COVERED PERSON HAVING SUCH A COVERED RELATIONSHIP IN ANY MATTER SHALL DISCLOSE ANY MATERIAL FACTS AS TO SUCH COVERED RELATIONSHIP TO THE ECA. AFTER DISCLOSURE BY A TRUSTEE OR THE PRESIDENT TO THE BOARD OF A COVERED RELATIONSHIP AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE COVERED PERSON, HE/SHE SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. AFTER DISCLOSURE BY ANYONE OTHER THAN A TRUSTEE TO THE ECA OF A COVERED RELATIONSHIP AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE COVERED PERSON, THE ECA WILL DISCUSS AND VOTE UPON THE DETERMINATION OF A CONFLICT OF INTEREST. A COVERED PERSON THAT IS A TRUSTEE OR THE PRESIDENT MAY MAKE A PRESENTATION TO THE BOARD, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE FINANCIAL TRANSACTION OR ARRANGEMENT THAT CAUSES A CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD, IF APPROPRIATE IN HIS/HER DISCRETION, MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED FINANCIAL TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE UNIVERSITY CAN OBTAIN A MORE ADVANTAGEOUS FINANCIAL TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS FINANCIAL TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A SUPER MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE FINANCIAL TRANSACTION OR ARRANGEMENT IS IN THE UNIVERSITY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE FINANCIAL TRANSACTION IS FAIR AND REASONABLE TO THE UNIVERSITY AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE FINANCIAL TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. A COVERED PERSON (NOT A TRUSTEE) MAY MAKE A PRESENTATION TO THE ECA, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE FINANCIAL TRANSACTION OR ARRANGEMENT THAT CAUSES A CONFLICT OF INTEREST. THE ECA, IF APPROPRIATE IN ITS DISCRETION, MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED FINANCIAL TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE ECA SHALL DETERMINE WHETHER THE UNIVERSITY CAN OBTAIN A MORE ADVANTAGEOUS FINANCIAL TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS FINANCIAL TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE ECA SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED ECA MEMBERS WHETHER THE FINANCIAL TRANSACTION OR ARRANGEMENT IS IN THE UNIVERSITY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE FINANCIAL TRANSACTION IS FAIR AND REASONABLE TO THE UNIVERSITY AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE FINANCIAL TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF A MAJORITY VOTE CANNOT BE ATTAINED BY THE ECA THEN THE CONFLICT OF INTEREST WILL BE DECIDED BY THE BOARD. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE OR PRESIDENT HAS FAILED TO DISCLOSE ONE OR MORE COVERED RELATIONSHIPS, IT SHALL INFORM THE TRUSTEE OR PRESIDENT OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE OR PRESIDENT AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE TRUSTEE OR PRESIDENT AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE TRUSTEE OR PRESIDENT HAS IN FACT KNOWINGLY FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION AS IT DEEMS PROPER IN ITS SOLE DISCRETION. THE VIOLATION OF THIS POLICY IS A SERIOUS MATTER AND MAY RESULT IN THE REMOVAL OF THE TRUSTEE FROM THE BOARD OR THE TERMINATION OF THE PRESIDENT'S CONTRACTUAL RELATIONSHIP WITH THE UNIVERSITY. IF THE ECA HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED EMPLOYEE HAS FAILED TO DISCLOSE ONE OR MORE COVERED RELATIONSHIPS, IT SHALL INFORM THE COVERED EMPLOYEE OF THE BASIS FOR SUCH BELIEF AND AFFORD THE COVERED EMPLOYEE AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE COVERED EMPLOYEE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE ECA DETERMINES THAT THE COVERED EMPLOYEE HAS IN FACT KNOWINGLY FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION AS IT DEEMS PROPER IN ITS SOLE DISCRETION. THE VIOLATION OF THIS POLICY IS A SERIOUS MATTER AND MAY RESULT IN THE TERMINATION OF THE COVERED EMPLOYEE'S CONTRACTUAL RELATIONSHIP WITH THE UNIVERSITY. THE MINUTES OF THE BOARD OR ECA RELATING TO ALL CONFLICTS OF INTEREST SHALL CONTAIN THE FOLLOWING INFORMATION: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE COVERED RELATIONSHIPS IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE COVERED RELATIONSHIP, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR ECA'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. THE NAMES OF PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE FINANCIAL TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVE TO THE PROPOSED FINANCIAL TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE PRESIDENT/CEO'S COMPENSATION IS REVIEWED ANNUALLY; COMPARABLE DATA/INFORMATION IS REVIEWED. THE COMPENSATION IS IN KEEPING WITH THE UNIVERSITY'S GUIDELINES. THE CHAIRPERSON AND THE EXECUTIVE COMMITTEE OF THE BOARD CONDUCT THE ANNUAL EVALUATION OF THE PRESIDENT. THE DISCUSSIONS AND DECISIONS FORM PART OF THE MINUTES TO THE BOARD OF TRUSTEE'S MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS PUBLIC INFORMATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E, LINE 3</ReturnReference>
        <Explanation>GROUPS IN MEANINGFUL NUMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E, LINE 6</ReturnReference>
        <Explanation>BARRY UNIVERSITY RECEIVES ASSISTANCE FROM TITLE IV PROGRAMS INCLUDING PELL, SEOG, CWSP, FFELP, ETC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PURPOSE OF ISSUE DESCRIPTION</Identifier>
        <ReturnReference>SCHEDULE K</ReturnReference>
        <Explanation>PINELLAS COUNTY EDUCATIONAL FACILIT THE PURPOSE OF THE BOND ISSUE IS TO FUND THE CONSTRUCTION OF A BUILDING AND THE EQUIPMENT FOR THE INSTITUTE OF COMMUNITY HEALTH &amp; MINORITY MEDICINE, A GRADUATE MEDICAL SCIENCE BUILDING, WHICH WILL PROVIDE OFFICE SPACE FOR FACULTY, CLASSROOM SPACE FOR STUDENTS AND HOUSE VARIOUS HEALTH PROGRAMS, AND RELATED IMPROVEMENTS OF THE UNIVERSITY, AND REFINANCE A LOAN DATED MAY 7, 2004 FROM BANK OF AMERICA, N.A. TO THE UNIVERSITY IN THE ORIGINAL AMOUNT OF 7,300,000 AND PAY COSTS OF ISSUING THE SERIES 2007 BONDS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE O</ReturnReference>
        <Explanation>FORM 990 PART VII COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS -- SR. LINDA BEVILACQUA'S COMPENSATION IS PAID DIRECTLY TO THE ADRIAN DOMINICAN CONGREGATION.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc12">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>BARRY TELECOMMUNICATIONS INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>3401 SOUTH CONGRESS AVENUE</AddressLine1>
          <City>BOYNTON BEACH</City>
          <State>FL</State>
          <ZIPCode>33426</ZIPCode>
        </AddressUS>
        <EIN>650728353</EIN>
        <PrimaryActivities>RADIO &amp; TV</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>6484 INDIAN CREEK DRIVE LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>11300 NE 2ND AVENUE</AddressLine1>
          <City>MIAMI SHORES</City>
          <State>FL</State>
          <ZIPCode>33161</ZIPCode>
        </AddressUS>
        <EIN>650669854</EIN>
        <PrimaryActivity>REAL ESTAT</PrimaryActivity>
        <LegalDomicileState>FL</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <PredominantIncomeType>EXCLUDED</PredominantIncomeType>
        <ShareOfTotalIncome>39469</ShareOfTotalIncome>
        <ShareOfEOYAssets>401723</ShareOfEOYAssets>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>true</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>6484 INDIAN CREEK DRIVE INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>11300 NE 2ND AVENUE</AddressLine1>
          <City>MIAMI SHORES</City>
          <State>FL</State>
          <ZIPCode>33161</ZIPCode>
        </AddressUS>
        <EIN>650669852</EIN>
        <PrimaryActivity>REAL ESTAT</PrimaryActivity>
        <LegalDomicileState>FL</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <TypeOfEntity>C CORP</TypeOfEntity>
        <ShareOfTotalIncome>6500</ShareOfTotalIncome>
        <ShareOfEOYAssets>3902</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>true</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>BARRY TELECOMMUNICATIONS INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>D</TransactionType>
        <AmountInvolved>1150000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>6484 INDIAN CREEK LTD</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>R</TransactionType>
        <AmountInvolved>32798</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>6484 INDIAN CREEK INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>R</TransactionType>
        <AmountInvolved>4873</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>