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      <ReconcilationRevenueExpnssAmt>1309774</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="14000265" softwareVersionNum="2014v6.0">
      <SchoolInd>X</SchoolInd>
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        <BookValueAmt>1930752</BookValueAmt>
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      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>12833182</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1973235</DepreciationAmt>
        <BookValueAmt>10859947</BookValueAmt>
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        <OtherCostOrOtherBasisAmt>396714</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>195524</DepreciationAmt>
        <BookValueAmt>201190</BookValueAmt>
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        <Amt>15932</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>15932</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>11198744</TotalRevEtcAuditedFinclStmtAmt>
      <OtherRevenueAmt>10389</OtherRevenueAmt>
      <RevenueNotReportedAmt>10389</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>11188355</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>11188355</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>9888970</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>10389</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>10389</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>9878581</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>9878581</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part X : FIN48 Footnote</FormAndLineReferenceDesc>
        <ExplanationTxt>GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2015, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990</FormAndLineReferenceDesc>
        <ExplanationTxt>DIRECT FUNDRAISING EXPENSE $10389</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XII, Line 2d: Other expenses and losses per audited F/S</FormAndLineReferenceDesc>
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      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVED STATE AID AND FEDERAL AID AS STATED ON LINE 1D, PAGE 9, PART VIII, OF FORM 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NONDISCRIMINATORY POLICY IS INCLUDED IN BOTH THE PARENT AND TEACHER HANDBOOK AS WELL AS INCLUDED ON THE ACADEMY'S WEBSITE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 4 - Explanation of Records and Materials Not Maintained</FormAndLineReferenceDesc>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 5 - Explanation of Organization Discrimination by Race</FormAndLineReferenceDesc>
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    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="IRS990ScheduleG" softwareId="14000265" softwareVersionNum="2014v6.0">
      <MailSolicitationsInd>X</MailSolicitationsInd>
      <AgrmtProfFundraisingActyInd>false</AgrmtProfFundraisingActyInd>
      <FundraisingEventInformationGrp>
        <Event1Nm>ANNUAL DINNER &amp; AUCTION</Event1Nm>
        <GrossReceiptsEvent1Amt>35252</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>35252</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>6775</RentFacilityCostsEvent1Amt>
        <EntertainmentEvent1Amt>600</EntertainmentEvent1Amt>
        <OtherDirectExpensesEvent1Amt>3014</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>35252</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>35252</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>6775</RentFcltyCostsTotalEventsAmt>
        <EntertainmentTotalEventsAmt>600</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>3014</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>10389</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>24863</NetIncomeSummaryAmt>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>SERIES 2010A TAX EXEMPT E</BusinessNameLine1Txt>
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        <PurposeDesc>TO PAY ISSUANCE COST AND DISC.</PurposeDesc>
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        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
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        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
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        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
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      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>B</BondReferenceCd>
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        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
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        <BondReferenceCd>A</BondReferenceCd>
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        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
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      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI</FormAndLineReferenceDesc>
        <ExplanationTxt>SERIES 2010A TAX EXEMPT EDUCATION BONDS OUTSTANDING DEBT PROVIDE FUNDS FOR REAL PROPERTY CONSTRUCTION COST AND REQUIRED ESCROW RELATED ACCOUNTS. SERIES 2010B TAX EXEMPT EDUCATION BONDS OUTSTANDING DEBT PROVIDE FUNDS FOR REAL PROPERTY CONSTRUCTION COST AND REQUIRED ESCROW RELATED ACCOUNTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="14000265" softwareVersionNum="2014v6.0">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b: Form 990 Review Process</FormAndLineReferenceDesc>
        <ExplanationTxt>DRAFT RETURN WAS PRESENTED TO BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE OPEN RECORDS AND AVAILABLE FOR PUBLIC REVIEW.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>