Palmas Academy Inc.

Palmas Academy Inc., doing business as The Palmas Academy Inc., is a non-profit, tax-exempt community development corporation headquartered in Humacao, Puerto Rico, that delivers pre-kindergarten through 12th-grade education services to the federal government as a prime contractor on a competitive, non-set-aside basis. The academy competes full-and-open and has received 94 federal awards across a twenty-year span, with 98% awarded to Palmas as prime and 2% as sub-recipient on federal grants.

Palmas Academy's federal footprint is concentrated almost entirely in education services to military-connected students. The Department of Defense Education Activity dominates the customer base, accounting for 30 awards valued at $20.5 million in combined potential value — roughly 88% of all dollars across the portfolio. Palmas holds a single-award indefinite delivery contract with DoDEA valued at $4.75 million running through July 31, 2032, awarded on August 1, 2022, under which the agency has issued twelve task orders for firm fixed-price delivery orders ranging from $3,020 to $479,471 to cover annual tuition and operational costs for military-dependent children in the Ceiba area. The remaining customer concentration is fragmented across secondary federal education and training buyers: Immigration and Customs Enforcement (16 awards, $404 thousand), the Department of Homeland Security Chief Procurement Officer (14 awards, $476 thousand), the Department of Agriculture Forest Service R8-Southern Region (11 awards, $1.3 million), and the Department of Justice Bureau of Alcohol, Tobacco, Firearms and Explosives (7 awards, $150 thousand). These five agencies account for 83% of awards by count and 98% of combined potential value.

Palmas Academy operates its Palmas Drive facility in Humacao as a nationally accredited, English-language school serving active-duty military families and their dependents assigned to Puerto Rico. The academy's education delivery is captured across NAICS 611110 (Elementary and Secondary Schools) for 77 awards and 611710 (Educational Support Services) for 9 awards. PSC coding reflects the education-service posture: 36 awards fall under Education/Training—Tuition/Registration/Membership Fees, 30 under Education/Training—General, and 9 under Education/Training—Training/Curriculum Development. Palmas has maintained federal vendor registration since May 2004 and demonstrates sustained compliance with federal requirements. Award activity has declined in recent years (five awards each in 2022 and 2023, four in 2024, one in 2025, and one in 2026 through February), though the large DoDEA IDC provides multi-year revenue visibility. Of the combined $23.2 million in potential value across all awards, $12.6 million (54%) has been obligated. Two awards with combined potential value of $722 thousand are scheduled for ultimate completion within the next twenty-four months, representing modest recompete exposure relative to the IDC base.