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        <EOYAmt>525935</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>1710150</BOYAmt>
        <EOYAmt>1084760</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
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        <BOYAmt>71007</BOYAmt>
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        <EOYAmt>169096</EOYAmt>
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        <EOYAmt>1518159</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>362067</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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      <SchoolInd>X</SchoolInd>
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      <LandGrp>
        <OtherCostOrOtherBasisAmt>97390</OtherCostOrOtherBasisAmt>
        <BookValueAmt>97390</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>1022348</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>171819</DepreciationAmt>
        <BookValueAmt>850529</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
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        <DepreciationAmt>109264</DepreciationAmt>
        <BookValueAmt>24140</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>972059</TotalBookValueLandBuildingsAmt>
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      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</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'S NONDISCIMINATORY POLICY IS INCLUDED WITH EACH RADIO ADVERTISEMENT. THIS IS THE SCHOOL'S ONLY MEANS OF SOLICITATION.</ExplanationTxt>
      </SupplementalInformationDetail>
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        <GrossRevenueEvent1Amt>78959</GrossRevenueEvent1Amt>
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        <FoodAndBeverageEvent1Amt>8302</FoodAndBeverageEvent1Amt>
        <Event2Nm>STUDENT FUND RA</Event2Nm>
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        <GrossRevenueEvent2Amt>12905</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>2925</OtherDirectExpensesEvent2Amt>
        <GrossReceiptsTotalAmt>91864</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>91864</GrossRevenueTotalEventsAmt>
        <NonCashPrizesTotalEventsAmt>2400</NonCashPrizesTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>2150</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>8302</FoodAndBeverageTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>2925</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>15777</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>76087</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>HERRING BANK (BOND ISSUE)</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>HERRING BANK</BusinessNameLine2Txt>
        </IssuerName>
        <BondIssuerEIN>750330569</BondIssuerEIN>
        <BondIssuedDt>2018-05-31</BondIssuedDt>
        <IssuePriceAmt>404250</IssuePriceAmt>
        <PurposeDesc>DEBT REFINANCING</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>98500</RetiredAmt>
        <TotalProceedsAmt>404250</TotalProceedsAmt>
        <InReserveFundAmt>12843</InReserveFundAmt>
        <IssuanceCostsFromProceedsAmt>42211</IssuanceCostsFromProceedsAmt>
        <WorkingCapitalExpendituresAmt>347072</WorkingCapitalExpendituresAmt>
        <OtherSpentProceedsAmt>2124</OtherSpentProceedsAmt>
        <SubstantialCompletionYr>2019</SubstantialCompletionYr>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>false</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
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      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>HERRING BANK (BOND ISSUE) DEBT REFINANCING</ExplanationTxt>
      </SupplementalInformationDetail>
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    <IRS990ScheduleO documentId="RetDoc8">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>DURING THE EXECUTIVE SESSION OF THE BOARD MEETING THE FORM 990 WAS REVIEWED BY ALL BOARD MEMBERS PRESENT</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>WHEN A NEW BOARD MEMBER JOINS THE BOARD THEY WILL BE GIVEN THE POLICY AND BE REQUIRED TO NOTE ANY CONFLICTS OF INTEREST</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE AVAILABLE FOR ANYONE IN THE PUBLIC TO VIEW BY GOING THROUGH THE INFORMATION FILE HOLDER IN THE ADMINISTRATION OFFICE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
