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        <ProgramServicesAmt>113591</ProgramServicesAmt>
        <ManagementAndGeneralAmt>37249</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>464759</TotalAmt>
        <ProgramServicesAmt>403589</ProgramServicesAmt>
        <ManagementAndGeneralAmt>61170</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesManagementGrp>
        <TotalAmt>1316181</TotalAmt>
        <ProgramServicesAmt>24744</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1291437</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </FeesForServicesManagementGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>6083</TotalAmt>
        <ProgramServicesAmt>0</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6083</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>21400</TotalAmt>
        <ProgramServicesAmt>0</ProgramServicesAmt>
        <ManagementAndGeneralAmt>21400</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>514975</TotalAmt>
        <ProgramServicesAmt>457161</ProgramServicesAmt>
        <ManagementAndGeneralAmt>55176</ManagementAndGeneralAmt>
        <FundraisingAmt>2638</FundraisingAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>172087</TotalAmt>
        <ProgramServicesAmt>1718</ProgramServicesAmt>
        <ManagementAndGeneralAmt>170369</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>914341</TotalAmt>
        <ProgramServicesAmt>792563</ProgramServicesAmt>
        <ManagementAndGeneralAmt>116397</ManagementAndGeneralAmt>
        <FundraisingAmt>5381</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>209774</TotalAmt>
        <ProgramServicesAmt>209774</ProgramServicesAmt>
        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>1500505</TotalAmt>
        <ProgramServicesAmt>1346958</ProgramServicesAmt>
        <ManagementAndGeneralAmt>153547</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>183917</TotalAmt>
        <ProgramServicesAmt>175129</ProgramServicesAmt>
        <ManagementAndGeneralAmt>8717</ManagementAndGeneralAmt>
        <FundraisingAmt>71</FundraisingAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>28285</TotalAmt>
        <ProgramServicesAmt>28285</ProgramServicesAmt>
        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>682462</TotalAmt>
        <ProgramServicesAmt>682462</ProgramServicesAmt>
        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>34651</TotalAmt>
        <ProgramServicesAmt>2238</ProgramServicesAmt>
        <ManagementAndGeneralAmt>32413</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>DUES AND FEES</Desc>
        <TotalAmt>267758</TotalAmt>
        <ProgramServicesAmt>180803</ProgramServicesAmt>
        <ManagementAndGeneralAmt>83172</ManagementAndGeneralAmt>
        <FundraisingAmt>3783</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>FOOD SERVICE</Desc>
        <TotalAmt>153226</TotalAmt>
        <ProgramServicesAmt>150246</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2980</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>13086442</TotalAmt>
        <ProgramServicesAmt>10211186</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2863383</ManagementAndGeneralAmt>
        <FundraisingAmt>11873</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>916835</BOYAmt>
        <EOYAmt>840453</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>367671</BOYAmt>
        <EOYAmt>1112464</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>451994</BOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>12439</BOYAmt>
        <EOYAmt>925284</EOYAmt>
      </AccountsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>4621</BOYAmt>
        <EOYAmt>166838</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>12096895</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>3913921</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>8416262</BOYAmt>
        <EOYAmt>8182974</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>1580875</BOYAmt>
        <EOYAmt>149918</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>11750697</BOYAmt>
        <EOYAmt>11377931</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>344988</BOYAmt>
        <EOYAmt>304312</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <EOYAmt>34492</EOYAmt>
      </DeferredRevenueGrp>
      <TaxExemptBondLiabilitiesGrp>
        <BOYAmt>7295687</BOYAmt>
        <EOYAmt>6386126</EOYAmt>
      </TaxExemptBondLiabilitiesGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>525000</BOYAmt>
        <EOYAmt>525000</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <OtherLiabilitiesGrp>
        <EOYAmt>630139</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>8165675</BOYAmt>
        <EOYAmt>7880069</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>3111857</BOYAmt>
        <EOYAmt>3005422</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>473165</BOYAmt>
        <EOYAmt>492440</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>3585022</BOYAmt>
        <EOYAmt>3497862</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>11750697</BOYAmt>
        <EOYAmt>11377931</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-87160</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>true</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA-01" softwareId="22015534">
      <SchoolInd>X</SchoolInd>
      <OtherSupportSumAmt>0</OtherSupportSumAmt>
      <PublicSupportCY170Pct>0</PublicSupportCY170Pct>
      <PublicSupportTotal509Amt>0</PublicSupportTotal509Amt>
      <PublicSupportCY509Pct>0</PublicSupportCY509Pct>
      <InvestmentIncomeCYPct>0</InvestmentIncomeCYPct>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB-01">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD-01" softwareId="22015534">
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>0</InvestmentCostOrOtherBasisAmt>
        <OtherCostOrOtherBasisAmt>1339668</OtherCostOrOtherBasisAmt>
        <BookValueAmt>1339668</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>9740702</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>3349479</DepreciationAmt>
        <BookValueAmt>6391223</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>879329</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>522561</DepreciationAmt>
        <BookValueAmt>356768</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>137196</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>41881</DepreciationAmt>
        <BookValueAmt>95315</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>8182974</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>DUE TO RELATED PARTIES</Desc>
        <Amt>38653</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>ADVANCE PAYABLE TO RELATED PARTY</Desc>
        <Amt>265495</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>FINANCING LEASE PAYABLE</Desc>
        <Amt>123912</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>ACCRUED INTEREST PAYABLE</Desc>
        <Amt>202079</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>630139</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>14547168</TotalRevEtcAuditedFinclStmtAmt>
      <OtherRevenueAmt>1547886</OtherRevenueAmt>
      <RevenueNotReportedAmt>1547886</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>12999282</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>12999282</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>13086442</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>13086442</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>13086442</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt XI, Line 2d</FormAndLineReferenceDesc>
        <ExplanationTxt>NET ASSETS RELEASED FROM RESTRICTION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE-01" softwareId="22015534">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <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>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>A NONDISCRIMINATORY POLICY IS ON THE SCHOOL'S WEBSITE FOR ENROLLMENT INFORMATION. A NONDISCRIMINATORY POLICY IS ON THE SCHOOL'S WEBSITE FOR ENROLLMENT INFORMATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Line 6b</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVES MONIES FROM THE ARIZONA DEPARTMENT OF EDUCATION AND THE UNITED STATES DEPARTMENT OF EDUCATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleK documentId="IRS990ScheduleK-01" softwareId="22015534">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>IDA OF THE COUNTY OF PIMA</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>860445981</BondIssuerEIN>
        <CUSIPNum>72177PAX8</CUSIPNum>
        <BondIssuedDt>2014-03-28</BondIssuedDt>
        <IssuePriceAmt>8520000</IssuePriceAmt>
        <PurposeDesc>FACILTIES AND EQUIPMENT</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceedsAmt>8520000</TotalProceedsAmt>
        <RefundingEscrowAmt>771688</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>513788</IssuanceCostsFromProceedsAmt>
        <CapitalExpendituresAmt>7234524</CapitalExpendituresAmt>
        <SubstantialCompletionYr>2014</SubstantialCompletionYr>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <PrivateBusUseByOthersPct>0.00000</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.00000</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.00000</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ChangeInUseBondFinancedPropPct>0.00000</ChangeInUseBondFinancedPropPct>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <TermOfHedgePct>0.000000000000</TermOfHedgePct>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <TermOfGICPct>0.000000000000</TermOfGICPct>
        <RegulatorySafeHarborStsfdInd>false</RegulatorySafeHarborStsfdInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL-01" softwareId="22015534">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>MICAH GARCIA</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FAMILY MEMBER OF A BOARD MEMBER</RelationshipDescriptionTxt>
        <TransactionAmt>63308</TransactionAmt>
        <TransactionDesc>COMPENSATION AND RELATED BENEFITS</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>CONNIE GEESEY</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FAMILY MEMBER OF A BOARD MEMBER</RelationshipDescriptionTxt>
        <TransactionAmt>22367</TransactionAmt>
        <TransactionDesc>COMPENSATION AND RELATED BENEFITS</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="IRS990ScheduleO-01" softwareId="22015534">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>ARIZONA CHARTER SOLUTIONS (ACS)(AN ARIZONA 501(C)(3) CORPORATION) PERFORMS HE MANAGEMENT DUTIES FOR THE SCHOOL. ACS IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE SCHOOL, SUBJECT TO THE ONGOING OVERSIGHT OF THE MEMBERS OF THE SCHOOLS BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS PRIOR TO FILING THE RETURN. THE MANAGEMENT OF THE SCHOOL AND MEMBERS OF THE BOARD OF DIRECTOR REVIEW THE FORM 990 AND AUTHORIZE ITS FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>ANY CONFLICTS ARE DISCLOSED PRIOR TO VOTING ON AN AGENDA ITEM WITH CONFLICTED MEMBERS ABSTAINING FROM VOTING. BOARD MEMBERS AND OTHER KEY EMPLOYEES ARE INSTRUCTED ANNUALLY ON THE CONFLICT OF INTERESTE POLICY AND ARE REQUIRED TO SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. DISCLOSURES ARE REVIEWED BY THE BOARD ON AN ANNUAL BASIS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>SALARIES OF TOP MANAGEMENT ARE SET BY THE BOARD OF DIRECTORS OF THE MANAGEMENT COMPANY DURING A DULY CALLED BOARD MEETING OF SAID COMPANY ARE DESCRIBED IN THE BYLAWS. PRIOR OBTAINED COMPARABILITY DATA ARE REVIEWED AND USED BY THE BOARD MEMBERS. THE SCHOOL'S LEGAL CONSEL REVIEWS ALL COMPENSATION AGREEMENTS BETWEEN THE SCHOOL AND MEMBERS OF MANAGEMENT. ONLY DISINTERESTED BOARD MEMBERS REVIEW AND APPROVE THE COMPENSATION. THE PERSON IS AVAILABLE TO ANSWER QUESTIONS BUT LEAVES THE ROOM FOR THE DISCUSSION AND VOTE. COMPENSATION IS SET AND REVIEWED ON AN ANNUAL BASIS IN WRITING. THE DISCUSSION AND DECISION ARE RECORDED IN THE MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 15b</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EMPLOYEES WHO ARE NOT OFFICERS OF THE SCHOOL RECEIVE SALARIES BASED ON COMPARABILITY DATA AND A SCHEDULE APPROVED BY THE BOARD OF DIRECTORS OF THE SCHOOL.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
