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        <FormAndLineReferenceDesc>Schedule D, Part V, Line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>Subject to the intent of a donor expressed in a particular gift instrument and pursuant to NCGA 36-E-4, income and principal of the endowment funds are used for institutional purposes that include but not limited to, merit and need-based scholarship support, program enhancements, equipment purchases, and general operations.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Schedule E, Part I, Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>The University received both Federal and State funds for grants and loans for tuition payments.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Part I, Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>The University received both Federal and State funds for grants and loans for tuition payments.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule I, Part I, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>Current student financial aid records are verified and compared with eligibility requirements before grants are awarded.</ExplanationTxt>
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        <Desc>Equestrian Horses</Desc>
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        <NoncashContributionsRptF990Amt>333000</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Appraisal</MethodOfDeterminingRevenuesTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>Article IV of the Articles of Incorporation state that the corporation shall be a membership corporation and the sole member shall exercise all rights of membership, including voting rights, appointment of the Board of Trustees and such other rights as may be specified in the Corporation Bylaws.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>Article IV of the Articles of Incorporation state that the corporation shall be a membership corporation and the sole member shall exercise all rights of membership, including voting rights, appointment of the Board of Trustees and such other rights as may be specified in the Corporation Bylaws.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The 990 tax return is reviewed by the Campus President and the Vice President for Business and Finance.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>The Board of Trustees complete an annual questionnaire concerning conflicts of interest.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>No documents available to the public.</ExplanationTxt>
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        <USAddress>
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          <CityNm>Babson Park</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33827</ZIPCd>
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        <PrimaryActivitiesTxt>Four Year University</PrimaryActivitiesTxt>
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      <ExplanationTxt>Institution files an extension due to a personnel shortage.</ExplanationTxt>
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