﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-01-29T15:04:21-06:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>946214841</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ARMANINO LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>12657 ALCOSTA BOULEVARD SUITE 500</AddressLine1>
        <City>SAN RAMON</City>
        <State>CA</State>
        <ZIPCode>945834600</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>522203956</EIN>
      <Name>
        <BusinessNameLine1>KEHILLAH JEWISH HIGH SCHOOL</BusinessNameLine1>
      </Name>
      <NameControl>KEHI</NameControl>
      <Phone>6502139600</Phone>
      <USAddress>
        <AddressLine1>3900 FABIAN WAY</AddressLine1>
        <City>PALO ALTO</City>
        <State>CA</State>
        <ZIPCode>94303</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DARREN KLEINBERG</Name>
      <Title>HEAD OF SCHOOL</Title>
      <Phone>6502139600</Phone>
      <DateSigned>2014-01-20</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>LYNN HENLEY</Name>
      <PTIN>P00356034</PTIN>
      <Phone>9257902600</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>DARREN KLEINBERG</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>3900 FABIAN WAY</AddressLine1>
        <City>PALO ALTO</City>
        <State>CA</State>
        <ZIPCode>94303</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>5866688</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.KEHILLAH.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1999</YearFormation>
      <StateLegalDomicile>CA</StateLegalDomicile>
      <ActivityOrMissionDescription>OPERATION OF HIGH SCHOOL WITH EMPHASIS ON JEWISH EDUCATION.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>12</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>12</NbrIndependentVotingMembers>
      <TotalNbrEmployees>56</TotalNbrEmployees>
      <TotalNbrVolunteers>65</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>655551</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>363020</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>4942678</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>5331906</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>7482</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>5616</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>172993</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>148331</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>5778704</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>5848873</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>1540361</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>1626080</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>3054716</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>3431648</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>229432</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1919881</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1922079</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>6514958</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>6979807</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-736254</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-1130934</RevenuesLessExpensesCY>
      <TotalAssetsBOY>18507272</TotalAssetsBOY>
      <TotalAssetsEOY>17566347</TotalAssetsEOY>
      <TotalLiabilitiesBOY>15929165</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>16119174</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>2578107</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>1447173</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>KEHILLAH IS A CONTEMPORARY INDEPENDENT, COLLEGE PREPARATORY HIGH SCHOOL FOR STUDENTS IN GRADES 9-12. WE FEATURE STRONG ACADEMICS, PERFORMING AND VISUAL ARTS, EXPERIENTIAL ACTIVITIES, COMPETITIVE ATHLETICS, AND ANNUAL CLASS TRIPS, ALL IN A VIBRANT COMMUNITY THAT CELEBRATES JEWISH STUDY, CULTURE AND VALUES.KEHILLAH JEWISH HIGH SCHOOL (KJHS) PROVIDES ITS STUDENTS WITH AN OUTSTANDING EDUCATION THAT IS IMMERSED IN JEWISH VALUES. IT CULTIVATES YOUNG ADULTS WHO ARE CRITICAL, SELF-RELIANT, AND INTEGRATED THINKERS, AND WHO WILL GROW AS RESPONSIBLE, COMMITTED MEMBERS OF THE JEWISH COMMUNITY AND THE WORLD-AT-LARGE.KJHS WELCOMES STUDENTS OF ALL BACKGROUNDS WHO SEEK A STRONG COLLEGE PREPARATORY EDUCATION AND MEANINGFUL ENGAGEMENT WITH THE ISSUES OF OUR TIMES. KEHILLAH IS FULLY ACCREDITED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION SCHOOLS AND COLLEGES.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>5729716</Expense>
      <Grants>1626080</Grants>
      <Revenue>5331906</Revenue>
      <Description>THE EDUCATION OF APPROXIMATELY 155 STUDENTS, GRADES 9-12 (HIGH SCHOOL), TOGETHER WITH THE PROMOTION OF JEWISH VALUES/CULTURES.</Description>
      <TotalProgramServiceExpense>5729716</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">0</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">0</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">0</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">0</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">1</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc1040400001">1</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="RetDoc1041300001">0</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="RetDoc1041300001">1</FundraisingActivities>
      <Gaming referenceDocumentId="RetDoc1041300001">0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc1041900001">0</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc1041900001">1</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc1042400001">1</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="RetDoc1053100001">1</TaxExemptBonds>
      <InvestTaxExemptBonds>0</InvestTaxExemptBonds>
      <EscrowAccount>0</EscrowAccount>
      <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="RetDoc1042800001">0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="RetDoc1042800001">0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="RetDoc1042800001">1</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="RetDoc1042800001">0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="RetDoc1042800001">0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="RetDoc1042800001">0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="RetDoc1042800001">0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>20</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>56</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>0</FundsToPayPremiums>
      <PremiumsPaid>0</PremiumsPaid>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>12</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>12</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>0</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>0</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>CA</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>MS SUSAN GREEN HEAD OF SCHOOL ASST OPERATIONS &amp; HR</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>6502139600</TelephoneNumber>
        <AddressUS>
          <AddressLine1>3900 FABIAN WAY</AddressLine1>
          <City>PALO ALTO</City>
          <State>CA</State>
          <ZIPCode>94303</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>PHYLLIS TANKLE</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TOD COHEN</NamePerson>
        <Title>PRESIDENT ELECT</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BOBBY LENT</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM HALPER</NamePerson>
        <Title>1ST VICE PRESIDENT</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY SCHLENOFF</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ORA GITTELSON-DAVID</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEIVAN EHSANIPOUR</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ROBIN FELDMAN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HEATHER LERNER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PAULA MEIER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRUCE PASTERNACK</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEITH RAFFEL ENDED 042013</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CAROL SAAL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LILLIAN HOWARD ENDED 063013</NamePerson>
        <Title>HEAD OF SCHOOL</Title>
        <AverageHoursPerWeek>50.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>335204</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>24097</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DARREN KLEINBERG START 61713</NamePerson>
        <Title>HEAD OF SCHOOL</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARK CAHN</NamePerson>
        <Title>HEAD OF ACADEMICS</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>111677</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>17603</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALISON RUEBUSCH</NamePerson>
        <Title>HEAD OF ACADEMICS</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>144395</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>14949</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>591276</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>56649</TotalOtherCompensation>
      <NumberIndividualsGT100K>3</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>EDUCATIONAL ENCOUNTERS INTL</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>180 EAST PROSPECT AVE 142</AddressLine1>
            <City>MAMARONECK</City>
            <State>NY</State>
            <ZIPCode>10543</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>ISRAEL STUDY TOUR</DescriptionOfServices>
        <Compensation>264454</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>1</NumberOfContractorsGT100K>
      <FundraisingEvents>8480</FundraisingEvents>
      <AllOtherContributions>354540</AllOtherContributions>
      <NoncashContributions>14373</NoncashContributions>
      <TotalContributions>363020</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION &amp; FEES</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>5331906</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>5331906</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>5331906</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>7337</TotalRevenueColumn>
        <ExclusionAmount>7337</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>55500</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>0</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>55500</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>55500</TotalRevenueColumn>
        <ExclusionAmount>55500</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <LessCostOthBasisSalesExpenses>
        <Other>1721</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Other>-1721</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-1721</TotalRevenueColumn>
        <ExclusionAmount>-1721</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>108925</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>8480</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>16094</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>92831</TotalRevenueColumn>
        <ExclusionAmount>92831</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <TotalRevenue>
        <TotalRevenueColumn>5848873</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>5331906</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>153947</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>1626080</Total>
        <ProgramServices>1626080</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>416697</Total>
        <ProgramServices>41670</ProgramServices>
        <ManagementAndGeneral>291688</ManagementAndGeneral>
        <Fundraising>83339</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>2310010</Total>
        <ProgramServices>2209010</ProgramServices>
        <ManagementAndGeneral>65786</ManagementAndGeneral>
        <Fundraising>35214</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>72821</Total>
        <ProgramServices>49411</ProgramServices>
        <ManagementAndGeneral>20291</ManagementAndGeneral>
        <Fundraising>3119</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>415846</Total>
        <ProgramServices>282162</ProgramServices>
        <ManagementAndGeneral>115872</ManagementAndGeneral>
        <Fundraising>17812</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>216274</Total>
        <ProgramServices>146747</ProgramServices>
        <ManagementAndGeneral>60263</ManagementAndGeneral>
        <Fundraising>9264</Fundraising>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>31099</Total>
        <ManagementAndGeneral>31099</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>96137</Total>
        <ProgramServices>91915</ProgramServices>
        <ManagementAndGeneral>4222</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>162802</Total>
        <ManagementAndGeneral>105875</ManagementAndGeneral>
        <Fundraising>56927</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>38899</Total>
        <ManagementAndGeneral>31083</ManagementAndGeneral>
        <Fundraising>7816</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>8842</Total>
        <ManagementAndGeneral>6418</ManagementAndGeneral>
        <Fundraising>2424</Fundraising>
      </InformationTechnology>
      <Occupancy>
        <Total>642434</Total>
        <ProgramServices>571709</ProgramServices>
        <ManagementAndGeneral>67721</ManagementAndGeneral>
        <Fundraising>3004</Fundraising>
      </Occupancy>
      <Travel>
        <Total>239</Total>
        <Fundraising>239</Fundraising>
      </Travel>
      <Interest>
        <Total>88080</Total>
        <ProgramServices>88080</ProgramServices>
      </Interest>
      <DepreciationDepletion>
        <Total>303866</Total>
        <ProgramServices>274448</ProgramServices>
        <ManagementAndGeneral>28168</ManagementAndGeneral>
        <Fundraising>1250</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>48981</Total>
        <ManagementAndGeneral>48981</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>ACADEMIC OPERATIONS</Description>
        <Total>348484</Total>
        <ProgramServices>348484</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>141964</Total>
        <ManagementAndGeneral>132940</ManagementAndGeneral>
        <Fundraising>9024</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EQUIP RENTAL &amp; MAINT</Description>
        <Total>10252</Total>
        <ManagementAndGeneral>10252</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>6979807</Total>
        <ProgramServices>5729716</ProgramServices>
        <ManagementAndGeneral>1020659</ManagementAndGeneral>
        <Fundraising>229432</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>3981684</BOY>
        <EOY>3580235</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>827570</BOY>
        <EOY>541166</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>3213</BOY>
        <EOY>4657</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>22416</BOY>
        <EOY>25691</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>15043763</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>2065765</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>13219314</BOY>
        <EOY>12977998</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>453075</BOY>
        <EOY>436600</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>18507272</BOY>
        <EOY>17566347</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>342665</BOY>
        <EOY>459172</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>271500</BOY>
        <EOY>395002</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>13790000</BOY>
        <EOY>13790000</EOY>
      </TaxExemptBondLiabilities>
      <LoansFromOfficersDirectors>
        <BOY>975000</BOY>
        <EOY>975000</EOY>
      </LoansFromOfficersDirectors>
      <UnsecuredNotesLoansPayable>
        <BOY>550000</BOY>
        <EOY>500000</EOY>
      </UnsecuredNotesLoansPayable>
      <TotalLiabilities>
        <BOY>15929165</BOY>
        <EOY>16119174</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1820741</BOY>
        <EOY>966772</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>757366</BOY>
        <EOY>480401</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>2578107</BOY>
        <EOY>1447173</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>18507272</BOY>
        <EOY>17566347</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-1130934</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <OtherCostOrOtherBasis>5560000</OtherCostOrOtherBasis>
        <BookValue>5560000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>8732040</OtherCostOrOtherBasis>
        <Depreciation>1396427</Depreciation>
        <BookValue>7335613</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>404138</OtherCostOrOtherBasis>
        <Depreciation>322834</Depreciation>
        <BookValue>81304</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>347585</OtherCostOrOtherBasis>
        <Depreciation>346504</Depreciation>
        <BookValue>1081</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>12977998</TotalOfBookValueLandBuildings>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>4230514</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>4230514</RevenueSubtotal>
      <OtherRevenuesNotIncluded>1618359</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1618359</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>5848873</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>5361448</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>5361448</ExpensesSubtotal>
      <OtherExpensesNotIncluded>1618359</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1618359</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>6979807</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X, LINE 2:</ReturnReference>
        <Explanation>THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2013, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XI, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>GRANTS AND TUITION ASSISTANCE 1,620,080. LOSS ON DISPOSAL OF FIXED ASSETS -1,721.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>GRANTS AND TUITION ASSISTANCE 1,620,080. LOSS ON DISPOSAL OF FIXED ASSETS -1,721.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>THE SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY ANNUALLY IN A LOCAL NEWSPAPER AS WELL AS IN THE ADMISSION PACKET.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>GALA</NameOfEvent1>
        <GrossReceiptsEvent1>117405</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>8480</CharitableContributionsEvent1>
        <GrossRevenueEvent1>108925</GrossRevenueEvent1>
        <FoodAndBeverageEvent1>9254</FoodAndBeverageEvent1>
        <EntertainmentEvent1>1786</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>5054</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>117405</GrossReceiptsTotal>
        <CharitableContributionsTotal>8480</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>108925</GrossRevenueTotalEvents>
        <FoodAndBeverageTotalEvents>9254</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>1786</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>5054</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>16094</DirectExpenseSummaryEvents>
        <NetIncomeSummary>92831</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>FINANCIAL AID</TypeOfGrant>
        <NumberOfRecipients>89</NumberOfRecipients>
        <AmountOfCashGrant>1620080</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>COLLEGE SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>3</NumberOfRecipients>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: THE SCHOOL'S FINANCIAL AID COMMITTEE MAINTAINS RECORDS SUBSTANTIATING FAMILIES' LEVEL OF NEED AND THE FINANCIAL AID AWARDS MADE. EACH FAMILY SEEKING AID MUST COMPLETE A FINANCIAL AID APPLICATION, DISCLOSING ASSETS, INCOME, EXPENSES AND DEBT. THE SCHOOL RECEIVES AN INDEPENDENT ANALYSIS OF THE FAMILY'S FINANCES FROM SCHOOL AND STUDENT SERVICES. THE FINANCIAL AID COMMITTEE, COMPRISED OF MEMBERS OF THE LARGER COMMUNITY WITH FINANCIAL EXPERTISE, REVIEWS EACH APPLICATION AND DETERMINES THE FINANCIAL AID AWARD IN CONJUNCTION WITH THE FINANCIAL AID BUDGET. GREAT EFFORT IS TAKEN TO ENSURE THAT FAMILIES IN SIMILAR ECONOMIC SITUATIONS RECEIVE SIMILAR AWARDS, AND THAT AWARDS ARE BASED ONLY UPON DEMONSTRATED NEED. THE SCHOOL TRACKS TOTAL AID AWARDS, THE PERCENTAGE OF STUDENTS RECEIVING AID, THE AVERAGE AWARD AMOUNT, ETC. FROM YEAR TO YEAR.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>LILLIAN HOWARD ENDED 063013</NamePerson>
        <Title>HEAD OF SCHOOL</Title>
        <BaseCompensationFilingOrg>241411</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>45793</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>48000</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7306</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>16791</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>359301</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ALISON RUEBUSCH</NamePerson>
        <Title>HEAD OF ACADEMICS</Title>
        <BaseCompensationFilingOrg>144395</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>4439</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>10510</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>159344</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>A HOUSING ALLOWANCE IS PROVIDED TO THE HEAD OF SCHOOL TO OFFSET THE HIGH COST OF AREA HOUSING. THIS ALLOWANCE WAS APPROVED BY THE BOARD OF DIRECTORS BASED ON AREA COMPARABLES AND AS PART OF THE HEAD OF SCHOOL'S CONTRACT AND IS INCLUDED IN THE HEAD OF SCHOOL'S TAXABLE WAGES.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>201563466</IssuerEIN>
        <CUSIPNumber>13048TEG4</CUSIPNumber>
        <DateIssued>2009-08-27</DateIssued>
        <IssuePrice>13790000</IssuePrice>
        <DescriptionOfPurpose>TO PURCHASE LAND AND BUILDING PREVIOUSLY LEASED.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceeds>13790000</TotalProceeds>
        <IssuanceCostsFromProceeds>243345</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>224493</WorkingCapitalExpenditures>
        <CapitalExpenditures>13322162</CapitalExpenditures>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>1</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>1</MngmentCntrctBondFinancdPrprty>
        <EngageBondCounselContracts>0</EngageBondCounselContracts>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.01760</PrcntgePrvtBusinessUseByOthers>
        <TotalPrivateBusinessUse>0.01760</TotalPrivateBusinessUse>
        <BondIssMeetPrvtSecurityPayTest>0</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>0</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>0</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>0</Form8038TFiled>
        <RebateNotDueYet>0</RebateNotDueYet>
        <ExceptionToRebate>0</ExceptionToRebate>
        <NoRebateDue>0</NoRebateDue>
        <VariableRateIssue>1</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <WrittenProcToMonitorReqs>0</WrittenProcToMonitorReqs>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <LoanTable>
        <NamePerson>ROBERT FRANCINE LENT</NamePerson>
        <RelationshipWithOrganization>VP &amp; TRUSTEE</RelationshipWithOrganization>
        <PurposeOfLoan>GENERAL SUPPORT</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>975000</OriginalPrincipalAmount>
        <BalanceDue>475000</BalanceDue>
        <Default>0</Default>
        <ApprovedByBoard>1</ApprovedByBoard>
        <WrittenAgreement>1</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NameBusiness>
          <BusinessNameLine1>LEHMANN FAMILY FOUNDATION</BusinessNameLine1>
        </NameBusiness>
        <RelationshipWithOrganization>FOUNDER IS ASSOCIATED WITH A TRUSTEE</RelationshipWithOrganization>
        <PurposeOfLoan>GENERAL SUPPORT</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>500000</OriginalPrincipalAmount>
        <BalanceDue>500000</BalanceDue>
        <Default>0</Default>
        <ApprovedByBoard>1</ApprovedByBoard>
        <WrittenAgreement>1</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>975000</TotalBalanceDue>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 IS REVIEWED BY FINANCE COMMITTEE AND BOARD TREASURER AND THEN PRESENTED TO THE ENTIRE BOARD BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>BOARD MEMBERS SELF-REPORT ANY POTENTIAL CONFLICT OF INTEREST ANNUALLY. THIS IS REVIEWED BY THE TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A</ReturnReference>
        <Explanation>THE HEAD OF SCHOOL'S COMPENSATION WAS DETERMINED USING COMPARABILITY DATA BY A BOARD COMMITTEE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE AVAILABLE AT THE SCHOOL'S OFFICE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>