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        <ExplanationTxt>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental AgencyThe organization participates in student financial aid under Title IV programs administered by the U.S. Department of Education, pursuant to the Higher Education Act, of 1965, as amended, (HEA).</ExplanationTxt>
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        <RelationshipDescriptionTxt>See Part V</RelationshipDescriptionTxt>
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        <ExplanationTxt>George Kappas - Director, President and Family Member of John Kappas, Director and Vice President.Sandra Kappas - Director, Secretary, Treasurer and Family Member of John Kappas, Director and Vice President.John Kappas - Director And Family Member of (1) George Kappas, Director and President, and (2) Sandra Kappas, Director, Secretary and Treasurer.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization is a California nonprofit public benefit corporation and has three members with equal voting rights.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>The organizations members have the power to elect the members of the Board of Directors, subject to the California Corporations Code section which provides that no more than 49% of the Board may be interested persons.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 7b</FormAndLineReferenceDesc>
        <ExplanationTxt>Generally, the activities and affairs of the organization are managed and all corporate powers are exercised under the ultimate direction of the Board. Notwithstanding the foregoing, the following actions require consent of the members: (i) the sale, exchange or other disposition of any asset or group of similar assets with a combined fair market value in excess of $50,000, (ii) the licensing or other transfer of intellectual property (or rights thereto) of the organization for consideration of any kind to any other party, (iii) the approval of annual operating and capital budgets, which are required to be prepared by the organization and submitted to the members for approval at least sixty (60) days prior to the start of the fiscal year for which such budgets have been prepared, (iv) the making of any loans to any person or entity, other than loans made in the ordinary course of business in an aggregate amount not to exceed $250,000, and (v) the amendment or repeal of the bylaws.</ExplanationTxt>
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        <ExplanationTxt>Form 990 is reviewed by the officers prior to submission. It is also provided to the Board of Directors.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Pursuant to the conflict of interest policy, the officers, directors, and key employees of the corporation are required to annually disclose interests that could give rise to conflicts. The Corporation monitors and enforces compliance with the policy through an annual questionnaire and affirmation, and disclosure statement issued to all officers, directors, and key employees.</ExplanationTxt>
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        <ExplanationTxt>Pursuant to the conflict of interest policy adopted by the organization, any increases made to the compensation of the organization's President, and other officers and key employees, are expected to be determined through a process which will establish the rebuttable presumption of the reasonableness under Treas. Reg. Section 53.4958-6 with respect to such person's entire compensation package.</ExplanationTxt>
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