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        <Desc>BANK LOANS PAYABLE</Desc>
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      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
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        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION PUBLISHES NUMEROUS ADS IN THE LOCAL NEWSPAPER AND OTHER PUBLICATIONS THROUGHOUT THE YEAR. ALL ADS CONTAIN THE REQUIRED RACIAL NONDISCRIMINATION POLICY. THE NONDISCRIMINATION POLICY IS ALSO CLEARLY STATED ON THE HOME PAGE OF THE SCHOOL'S WEBSITE.</ExplanationTxt>
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        <GrossRevenueTotalEventsAmt>280531</GrossRevenueTotalEventsAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>OTHER PROGRAM EXPENSES ASSOCIATED WITH SCHOOL FUNCTIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL PROVIDES FACILITIES THAT INCLUDE CLASSROOMS, CAFETERIA, LIBRARY, GYMNASIUM, PLAYGROUNDS AND BALLFIELDS. THE SCHOOL PROVIDES TEACHERS AND SUPPORT STAFF, FURNITURE, FIXTURES AND EQUIPMENT, ALONG WITH TEXTBOOKS AND SUPPLIES FOR APPROXIMATELY 450 STUDENTS IN GRADES KINDERGARTEN THROUGH 12TH GRADE. THE SCHOOL ALSO SPONSORS AND ENCOURAGES STUDENTS TO PARTICIPATE IN COMMUNITY SERVICE EVENTS, SPORTS AND ATHLETICS, AND OTHER EDUACTIONAL ENRICHMENT ACTIVITIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI</FormAndLineReferenceDesc>
        <ExplanationTxt>LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION COPIES OF DOCUMENTS ARE PROVIDED UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION'S MEMBERSHIP IS COMPRISED OF THE PARENTS OR GUARDIANS OF THE CURRENT ACTIVELY ENROLLED STUDENTS OF THE SCHOOL.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION HAS ONE CLASS OF MEMBERS. AT THE ANNUAL MEETING, EACH MEMBER IS ENTITLED TO VOTE ON THE NOMINATED NEW TRUSTEES AND OTHER FOUNDATION BUSINESS. MEMBERS MAY ALSO NOMINATE TRUSTEE CANDIDATES FROM THE FLOOR AT THE ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MEMBERS ELECT TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. THE MEMBERS ALSO APPROVE THE ANNUAL BUDGET AT THAT MEETING. THE MEMBERS MAY ALSO VOTE AT THAT MEETING OR AT OTHER CALLED MEETINGS, ON ISSUES SUBMITTED TO A VOTE BY THE BOARD OF TRUSTEES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONTROLLER, HEADMASTER AND FINANCE CHAIRMAN REVIEW THE RETURN PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE SALARY AND BENEFITS PAID TO THE HEADMASTER ARE SUBJECT TO APPROVAL BY THE FINANCE COMMITTEE AND VOTE BY THE BOARD OF TRUSTEES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>LINE 15B - COMPENSATION PROCESS FOR OFFICERS ALL SALARIES AND BENEFITS PAID ARE SUBJECT TO APPROVAL BY THE FINANCE COMMITTEE AND VOTE BY THE BOARD OF TRUSTEES.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>COPIES OF DOCUMENTS ARE PROVIDED UPON REQUEST.</ExplanationTxt>
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</Return>