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      <NetUnrlzdGainsLossesInvstAmt>-221848</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
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      <PublicOrganization170Ind>X</PublicOrganization170Ind>
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        <CurrentTaxYearMinus1YearAmt>11500</CurrentTaxYearMinus1YearAmt>
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        <CurrentTaxYearMinus2YearsAmt>9550</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>11500</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>6786</CurrentTaxYearAmt>
        <TotalAmt>43714</TotalAmt>
      </TotalCalendarYear170Grp>
      <PublicSupportTotal170Amt>43714</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
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        <CurrentTaxYearMinus3YearsAmt>59534</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>55524</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>54918</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>53383</CurrentTaxYearAmt>
        <TotalAmt>275096</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <TotalSupportAmt>318810</TotalSupportAmt>
      <PublicSupportCY170Pct>0.13710</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.26050</PublicSupportPY170Pct>
      <TenPctFactsCrcmstncsTestCYInd>X</TenPctFactsCrcmstncsTestCYInd>
      <FactsAndCircumstancesTestTxt>THE ORGANIZATION CONTINUES TO SOLICIT FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY IN ORDER TO INCREASE THE ENDOWMENT FUND THAT IS USED TO GIVE STUDENTS SCHOLARSHIPS. THE MAJORITY OF THE FUNDS ARE RELATIVELY SMALL AND COME FROM THE COMMUNITY. THERE IS A GOVERNING BOARD MADE UP OF 15 BOARD MEMBERS WHO FACILITATE ANNUAL OPERATIONS.</FactsAndCircumstancesTestTxt>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART II, LINE 17A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION CONTINUES TO SOLICIT FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY IN ORDER TO INCREASE THE ENDOWMENT FUND THAT IS USED TO GIVE STUDENTS SCHOLARSHIPS. THE MAJORITY OF THE FUNDS ARE RELATIVELY SMALL AND COME FROM THE COMMUNITY. THERE IS A GOVERNING BOARD MADE UP OF 15 BOARD MEMBERS WHO FACILITATE ANNUAL OPERATIONS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART II, LINE 17B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION CONTINUES TO SOLICIT FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY IN ORDER TO INCREASE THE ENDOWMENT FUND THAT IS USED TO GIVE STUDENTS SCHOLARSHIPS. THE MAJORITY OF THE FUNDS ARE RELATIVELY SMALL AND COME FROM THE COMMUNITY. THERE IS A GOVERNING BOARD MADE UP OF 15 BOARD MEMBERS WHO FACILITATE ANNUAL OPERATIONS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
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        <InvestmentEarningsOrLossesAmt>-167650</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>49140</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>23880</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>1897189</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>2160464</BeginningYearBalanceAmt>
        <ContributionsAmt>11450</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-11837</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>5380</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>23624</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>2131073</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1916825</BeginningYearBalanceAmt>
        <ContributionsAmt>9550</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>283483</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>23880</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>25514</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>2160464</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1864941</BeginningYearBalanceAmt>
        <ContributionsAmt>7256</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>78325</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>29455</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>4242</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>1916825</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1888294</BeginningYearBalanceAmt>
        <ContributionsAmt>8622</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>18891</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>34045</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>16821</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>1864941</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <BoardDesignatedBalanceEOYPct>0.03280</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.45120</PrmnntEndowmentBalanceEOYPct>
      <TermEndowmentBalanceEOYPct>0.51600</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc3">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS AND AWARDS</GrantTypeTxt>
        <RecipientCnt>35</RecipientCnt>
        <CashGrantAmt>49140</CashGrantAmt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>SOME SCHOLARSHIPS ARE PAID AFTER THE COMPLETION OF THE FIRST SEMESTER OF COLLEGE, PAYABLE TO THE SCHOOL AND STUDENT. GRADUATION AWARDS (WHICH ARE SMALL DOLLAR VALUES) ARE HANDED OUT AROUND THE ANNUAL AWARDS NIGHT. THE TRUSTEES ENTRUST MONMOUTH ACADEMY WITH SOME SCHOLARSHIP FUNDS WHICH ARE THEN DISBURSED BY MONMOUTH ACADEMY.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S TREASURER TO BE REVIEWED PRIOR TO SIGNING. THE ORGANIZATION'S FINANCE COMMITTEE ALSO REVIEWS THE FORM 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, AS THEY ARE ON FILE WITH THE OFFICERS OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
