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        <BookValueAmt>674014</BookValueAmt>
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        <BookValueAmt>3722061</BookValueAmt>
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      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
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      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
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      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
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        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL ADVERTISEMENTS FOR ENROLLMENT ARE PUBLISHED IN THE DAILY NEWS RECORD. (A LOCAL NEWSPAPER WITH CIRCULATION IN THE HARRISONBURG/ROCKINGHAM COUNTY AREA) ALSO ADVERTISE WITH LOCAL TV STATION. ALL ADVERTISING CONTAINS A DESCRIPTION OF THE NON- DISCRIMINATION POLICIES.</ExplanationTxt>
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      <GrntAsstBnftInterestedPrsnGrp>
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      <GrntAsstBnftInterestedPrsnGrp>
        <PersonNm>ERIK JELLUM</PersonNm>
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        <TypeOfAssistanceTxt>STAFF DISCOUNT - SPOUSE IS EMPLOYEE</TypeOfAssistanceTxt>
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      <GrntAsstBnftInterestedPrsnGrp>
        <PersonNm>DANA RICHARDSON</PersonNm>
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        <CashGrantAmt>9316</CashGrantAmt>
        <TypeOfAssistanceTxt>TUITION ASSISTANCE - FINANCIAL AID</TypeOfAssistanceTxt>
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      <GrntAsstBnftInterestedPrsnGrp>
        <PersonNm>DANIEL KVITKO</PersonNm>
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      <GrntAsstBnftInterestedPrsnGrp>
        <PersonNm>KURT FELLENSTEIN</PersonNm>
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      <GrntAsstBnftInterestedPrsnGrp>
        <PersonNm>BRIAN KELLEY</PersonNm>
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      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>PAULA COOK</PersonNm>
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        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>1014</TransactionAmt>
        <TransactionDesc>COACHES STIPEND</TransactionDesc>
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      <BusTrInvolveInterestedPrsnGrp>
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        <TransactionDesc>COACHES STIPEND</TransactionDesc>
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        <FormAndLineReferenceDesc>SCHEDULE L, PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL SCHOLARSHIPS ARE GRANTED BASED ON A NEEDS BASED FORMULA WHICH INCLUDES FINANCIAL INFORMATION FROM THE POTENTIAL RECIPIENT. THERE IS A SPECIAL COMMITTEE WHICH REVIEWS ALL TUITION DISCOUNTS AND SCHOLARSHIPS. NO PREFERENTIAL TREATMENT IS GIVEN TO ANY BOARD MEMBER, FACULTY, OR OTHERWISE IN THE DETERMINATION OF SCHOLARSHIP ASSISTANCE. SCHOOL HAS A POLICY OF GRANTING TUITION DISCOUNTS TO FACULTY MEMBERS.</ExplanationTxt>
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        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>35726</NoncashContributionsRptF990Amt>
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      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
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        <ExplanationTxt>TO ASSIST PARENTS AND EVANGELICAL CHURCHES BY PROVIDING A BIBLICALLY BASED EDUCATIONAL PROGRAM THAT INSTILLS A WHOLE-HEARTED LOVE OF THE LORD JESUS CHRIST, DEVELOPS GODLY CHARACTER, AND EMPAHASIZES ACADEMIC EXCELLENCE.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>OFFICE MANAGER PRESENTS 990 TO BOARD OF DIRECTORS FOR REVIEW AND COMMENTS. 990 AND FINANCIAL STATEMENTS, WHICH ARE OPEN TO THE PUBLIC, ARE THEN APPROVED BY THE BOARD.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>ALL BOARD OF DIRECTORS ARE REQUIRED TO REVIEW AND DISCLOSE CONFLICTS OF INTEREST ON AN ANNUAL BASIS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>PRINCIPAL SALARY IS APPROVED BY SCHOOL BOARD EACH YEAR DURING BUDGET APPROVAL.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL PERSONELL SALARIES ARE APPROVED BY BOARD OF DIRECTORS DURING ANNUAL BUDGET REVIEW AND APPROVAL.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>BOOK / TAX DEPRECIATION DIFFERENCE 87,721</ExplanationTxt>
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