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        <Desc>HOSPITALITY - EXPENSE -</Desc>
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        <EOYAmt>2301732</EOYAmt>
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        <EOYAmt>741</EOYAmt>
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        <BOYAmt>2809103</BOYAmt>
        <EOYAmt>2910610</EOYAmt>
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      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
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        <EOYAmt>1919386</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>1919386</EOYAmt>
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        <EOYAmt>4829996</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>-23085</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>0</FSAuditedInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc1039100001">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <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>
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    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>440901</OtherCostOrOtherBasisAmt>
        <BookValueAmt>440901</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>4495277</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>944117</DepreciationAmt>
        <BookValueAmt>3551160</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>340216</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>126455</DepreciationAmt>
        <BookValueAmt>213761</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>36193</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>25943</DepreciationAmt>
        <BookValueAmt>10250</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>4739</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>111</DepreciationAmt>
        <BookValueAmt>4628</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>4220700</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>PAYROLL LIABILITIES</Desc>
        <Amt>741</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>741</TotalLiabilityAmt>
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    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>0</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>0</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>0</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>EVERY YEAR DURING THE LATE FALL STUDENT SOLICITATION PERIOD, PAIDEIA ACADEMY PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER AND ITS WEBSITE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>SEE PART II 4.A - PAIDEIA DOES NOT CURRENTLY KEEP ANY RECORDS INDICATING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, AND WE HAVE LIMITED ADMINISTRATIVE STAFF DUE TO OUR SMALL SIZE. WE DO NOT DISCRIMINATE AGAINST ANY STUDENT OR FAMILY BASED ON RACIAL COMPOSITION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 5</FormAndLineReferenceDesc>
        <ExplanationTxt>4.B PAIDEIA DOES NOT DOCUMENT THAT OUR FINANCIAL ASSISTANCE IS AWARDED ON A RACIALLY NON-DISCRIMINATORY BASIS. PAIDEIA USES AN OUTSIDE, THIRD PARTY FINANCIAL ASSISTANCE FIRM THAT OUR FAMILIES APPLY TO THAT HANDLES ALL OF THE FINANCIAL INFORMATION AND THEIR FINANCIAL ASSISTANCE IS AWARDED BASED ON THE AMOUNT OF FUNDS THAT WE HAVE RAISED FOR A GIVEN ACADEMIC YEAR. IT IS A BLIND PROCESS AND WE DO NOT THEREFORE KEEP UP WITH HOW FINANCIAL ASSISTANCE IS AWARDED, OTHER THAN WHAT PERCENTAGE OF OUR SCHOOL IS RECEIVING AID.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041200001">
      <AgrmtProfFundraisingActyInd>0</AgrmtProfFundraisingActyInd>
      <FundraisingEventInformationGrp>
        <Event1Nm>SPEAKER DINNER EVENT</Event1Nm>
        <GrossReceiptsEvent1Amt>67125</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>39625</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>27500</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>25834</RentFacilityCostsEvent1Amt>
        <OtherDirectExpensesEvent1Amt>11521</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>67125</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>39625</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>27500</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>25834</RentFcltyCostsTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>11521</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>37355</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>-9855</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
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    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>0</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>FINANCIAL AID</GrantTypeTxt>
        <RecipientCnt>75</RecipientCnt>
        <CashGrantAmt>242929</CashGrantAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>REDUCTION IN TUITION</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>JANET CARR</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>WILLIAM DOUG CARR'S SPOUSE</RelationshipDescriptionTxt>
        <TransactionAmt>42817</TransactionAmt>
        <TransactionDesc>JANET CARR IS AN EMPLOYEE OF PAIDEIA ACADEMY AND RECEIVES A W-2.</TransactionDesc>
        <SharingOfRevenuesInd>0</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>ORGANIZATION'S PROCESS TO REVIEW FORM 990 A DRAFT OF THE 990 IS GIVEN TO THE BOARD MEMBERS BEFORE SUBMISSION. PAIDEIA HAS A BUDGET, LEGAL AND AUDIT COMMITTEE WHICH UNDERTAKES THE PROCESS OF PRELIMINARY REVIEW OF FORM 990. FORM 990 IS THEN PRESENTED TO THE BOARD MEMBERS IN A FINAL DRAFT FORM FOR FINAL REVIEW AND APPROVAL FOR SUBMISSION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PURPOSE OF THIS CONFLICT OF INTEREST AND COMPENSATION POLICY (THE "POLICY") IS TO PROTECT PAIDEIA ACADEMY'S INTERESTS WHEN IT IS CONSIDERING TAKING AN ACTION OR ENTERING INTO A TRANSACTION THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF A TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON, RESULT IN THE PAYMENT OF EXCESSIVE COMPENSATION TO A TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON; OR OTHERWISE VIOLATE STATE AND FEDERAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT, CHARITABLE ORGANIZATIONS. THIS POLICY APPLIES TO ALL TRUSTEES, DIRECTORS, OFFICERS AND KEY PERSONS. IF YOU HAVE BEEN ASKED TO SIGN THIS POLICY, IT APPLIES TO "YOU". A POTENTIAL CONFLICT OF INTEREST ARISES WHEN A TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON, OR THAT PERSON'S RELATIVE OR BUSINESS (A) STANDS TO GAIN A FINANCIAL BENEFIT FROM AN ACTION PAIDEIA ACADEMY (PA) TAKES OR A TRANSACTION INTO WHICH PA ENTERS; OR (B) HAS ANOTHER INTEREST THAT IMPAIRS, OR COULD BE SEEN TO IMPAIR, THE INDEPENDENCE OR OBJECTIVITY OF THE TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON IN DISCHARGING THEIR DUTIES TO PA. 2. IN SITUATIONS WHERE YOU ARE UNCERTAIN, ERR ON THE SIDE OF CAUTION AND DISCLOSE THE POTENTIAL CONFLICT TO THE BOARD OF TRUSTEES, VIA THE HEAD OF SCHOOL. A POTENTIAL CONFLICT IS NOT NECESSARILY A CONFLICT OF INTEREST. III. DISCLOSING POTENTIAL CONFLICTS OF INTEREST 1. TO THE HEAD OF SCHOOL, YOU MUST DISCLOSE IN WRITING TO THE BEST OF YOUR KNOWLEDGE ALL POTENTIAL CONFLICTS OF INTEREST AS SOON AS YOU BECOME AWARE OF THEM AND ALWAYS BEFORE ANY ACTIONS INVOLVING THE POTENTIAL CONFLICT ARE TAKEN. THE HEAD OF SCHOOL SHALL REPORT THE POTENTIAL CONFLICT OF INTEREST TO THE BOARD OF TRUSTEES. IV. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS 1. AFTER THERE HAS BEEN DISCLOSURE OF A POTENTIAL CONFLICT AND AFTER GATHERING ANY RELEVANT INFORMATION FROM THE CONCERNED TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON, THE BOARD SHALL DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. THE TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON SHALL NOT BE PRESENT FOR DELIBERATION OR VOTE ON THE MATTER AND MUST NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS. 2. A CONFLICT ALWAYS EXISTS IN THE CASE OF A RELATED PARTY TRANSACTION A TRANSACTION, AGREEMENT OR OTHER ARRANGEMENT IN WHICH A RELATED PARTY HAS A FINANCIAL INTEREST AND IN WHICH PA OR ANY AFFILIATE OF PA IS A PARTICIPANT. V. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST 1. PA MAY NOT ENTER INTO A RELATED PARTY TRANSACTION UNLESS, AFTER GOOD FAITH DISCLOSURE OF THE MATERIAL FACTS BY THE TRUSTEE, DIRECTOR, OFFICER OR KEY PERSON, THE BOARD OR A COMMITTEE AUTHORIZED BY THE BOARD DETERMINES THAT THE TRANSACTION IS FAIR, REASONABLE AND IN PA'S BEST INTEREST AT THE TIME OF SUCH DETERMINATION. 2. IF THE RELATED PARTY HAS A SUBSTANTIAL FINANCIAL INTEREST, THE BOARD OR AUTHORIZED COMMITTEE SHALL: I. PRIOR TO ENTERING INTO THE TRANSACTION, CONSIDER ALTERNATIVE TRANSACTIONS TO THE EXTENT AVAILABLE; II. APPROVE THE TRANSACTION BY A VOTE OF NOT LESS THAN A MAJORITY OF THE TRUSTEES PRESENT AT THE MEETING; AND III. CONTEMPORANEOUSLY DOCUMENT IN WRITING THE BASIS FOR ITS APPROVAL, INCLUDING ITS CONSIDERATION OF ANY ALTERNATIVE TRANSACTIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS APPROVES THE HEAD OF SCHOOL'S COMPENSATION.THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR KEY EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>PAIDEIA MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>