﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.3">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-01-17T10:17:44-06:00</Timestamp>
    <TaxPeriodEndDate>2013-07-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>NIGHTLINGER COLAVITA &amp; VOLPA PA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>991 SOUTH BLACK HORSE PIKE</AddressLine1>
        <City>WILLIAMSTOWN</City>
        <State>NJ</State>
        <ZIPCode>08094</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-08-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>221903166</EIN>
      <Name>
        <BusinessNameLine1>FRIENDS SCHOOL CORPORATION</BusinessNameLine1>
      </Name>
      <NameControl>FRIE</NameControl>
      <Phone>8564782908</Phone>
      <USAddress>
        <AddressLine1>15 HIGH STREET</AddressLine1>
        <City>MULLICA HILL</City>
        <State>NJ</State>
        <ZIPCode>080629541</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>BETH REAVES</Name>
      <Title>HEAD OF SCHOOL</Title>
      <Phone>8564782908</Phone>
      <DateSigned>2013-12-04</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>RAYMOND COLAVITA CPA</Name>
      <Phone>8566293111</Phone>
      <DatePrepared>2014-01-17</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990 documentId="RetDoc4" referenceDocumentId="RetDoc8">
      <GrossReceipts>3156730</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.FRIENDSMH.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1969</YearFormation>
      <StateLegalDomicile>NJ</StateLegalDomicile>
      <ActivityOrMissionDescription>FRIENDS SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, QUAKER DAY SCHOOL.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>14</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>14</NbrIndependentVotingMembers>
      <TotalNbrEmployees>88</TotalNbrEmployees>
      <TotalNbrVolunteers>100</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>76586</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>73398</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>3094944</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>3019326</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>5137</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>3468</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>50265</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>48497</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>3226932</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>3144689</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>1970360</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>1744797</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1257350</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1217692</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>3227710</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>2962489</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-778</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>182200</RevenuesLessExpensesCY>
      <TotalAssetsBOY>5872142</TotalAssetsBOY>
      <TotalAssetsEOY>5664479</TotalAssetsEOY>
      <TotalLiabilitiesBOY>3713573</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>3307691</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>2158569</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>2356788</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>FRIENDS SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, QUAKER DAY SCHOOL.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>2729725</Expense>
      <Description>TO EDUCATE STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. WE HAVE A STRONG ACADEMIC PROGRAM, A COMMITMENT TO THE ARTS, AND A SCHOOL COMMUNITY THAT STRESSES MUTUAL RESPECT AMONG ALL ITS MEMBERS.</Description>
      <Activity2>
        <Description>N/A</Description>
      </Activity2>
      <Activity3>
        <Description>N/A</Description>
      </Activity3>
      <ActivityOther>
        <Expense>13292</Expense>
        <Description>N/A N/A</Description>
      </ActivityOther>
      <TotalOfOtherProgramServiceExp>13292</TotalOfOtherProgramServiceExp>
      <TotalProgramServiceExpense>2743017</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc2">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc3">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc3">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc3">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc3">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc3">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc3">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc3">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc3">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc3">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc3">false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc3">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc3">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc3">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc5">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="RetDoc6">false</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="RetDoc6">true</FundraisingActivities>
      <Gaming referenceDocumentId="RetDoc6">false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction referenceDocumentId="RetDoc7">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="RetDoc7">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="RetDoc7">true</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="RetDoc7">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="RetDoc7">false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="RetDoc7">false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="RetDoc7">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>false</ScheduleORequired>
      <NumberFormsTransmittedWith1096>20</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>88</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>false</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>14</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>14</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>true</InvestmentInJointVenture>
      <WrittenPolicyOrProcedure>true</WrittenPolicyOrProcedure>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>FRIENDS SCHOOL CORPORATION</BusinessNameLine1>
          <BusinessNameLine2>FRIENDS SCHOOL CORPORATION</BusinessNameLine2>
        </NameBusiness>
        <TelephoneNumber>8564782908</TelephoneNumber>
        <AddressUS>
          <AddressLine1>15 HIGH STREET</AddressLine1>
          <AddressLine2>15 HIGH STREET</AddressLine2>
          <City>MULLICA HILL</City>
          <State>NJ</State>
          <ZIPCode>080629541</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM CARRIGAN</NamePerson>
        <Title>CLERK</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>NANCY BEAUCHEMIN</NamePerson>
        <Title>SECRETARY</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM SCHMIDT</NamePerson>
        <Title>TREASURER</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>73398</AllOtherContributions>
      <TotalContributions>73398</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION</Description>
        <TotalRevenueColumn>2493537</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2493537</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>SUMMER CAMP</Description>
        <TotalRevenueColumn>90042</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>90042</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>ANNUAL GIVING</Description>
        <TotalRevenueColumn>87005</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>87005</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>TRANSPORTATION</Description>
        <TotalRevenueColumn>77676</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>77676</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>MUSICAL ARTS PROGRAM</Description>
        <TotalRevenueColumn>74218</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>74218</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalOthProgramServiceRevenue>
        <TotalRevenueColumn>196848</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>196848</RelatedOrExemptFunctionIncome>
      </TotalOthProgramServiceRevenue>
      <TotalProgramServiceRevenue>3019326</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>3468</TotalRevenueColumn>
        <ExclusionAmount>3468</ExclusionAmount>
      </InvestmentIncome>
      <GrossIncomeFundraisingEvents>60538</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>12041</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>48497</TotalRevenueColumn>
        <ExclusionAmount>48497</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <TotalRevenue>
        <TotalRevenueColumn>3144689</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3019326</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>51965</ExclusionAmount>
      </TotalRevenue>
      <OtherSalariesAndWages>
        <Total>1365474</Total>
        <ProgramServices>1164005</ProgramServices>
        <ManagementAndGeneral>201469</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>28165</Total>
        <ProgramServices>28165</ProgramServices>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>244324</Total>
        <ProgramServices>244324</ProgramServices>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>106834</Total>
        <ProgramServices>106834</ProgramServices>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>1640</Total>
        <ManagementAndGeneral>1640</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>5925</Total>
        <ManagementAndGeneral>5925</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <Advertising>
        <Total>13292</Total>
        <ProgramServices>13292</ProgramServices>
      </Advertising>
      <Interest>
        <Total>75272</Total>
        <ProgramServices>75272</ProgramServices>
      </Interest>
      <DepreciationDepletion>
        <Total>196371</Total>
        <ProgramServices>196371</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>28248</Total>
        <ProgramServices>28248</ProgramServices>
      </Insurance>
      <OtherExpenses>
        <Description>SCHOLARSHIP</Description>
        <Total>419966</Total>
        <ProgramServices>419966</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>UTILITIES &amp; TELEPHONE</Description>
        <Total>87175</Total>
        <ProgramServices>87175</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TRANSPORTATION</Description>
        <Total>54820</Total>
        <ProgramServices>54820</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TEACHING SUPPLIES</Description>
        <Total>48800</Total>
        <ProgramServices>48800</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>286183</Total>
        <ProgramServices>275745</ProgramServices>
        <ManagementAndGeneral>10438</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>2962489</Total>
        <ProgramServices>2743017</ProgramServices>
        <ManagementAndGeneral>219472</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>685700</BOY>
        <EOY>906092</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>75429</BOY>
        <EOY>86006</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>3641</BOY>
        <EOY>23381</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>7629267</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>3014436</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>4787174</BOY>
        <EOY>4614831</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>287083</BOY>
      </InvestmentsPubTradedSecurities>
      <OtherAssetsTotal>
        <BOY>33115</BOY>
        <EOY>34169</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>5872142</BOY>
        <EOY>5664479</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>183433</BOY>
        <EOY>307178</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>1309213</BOY>
        <EOY>1141841</EOY>
      </DeferredRevenue>
      <LoansFromOfficersDirectors>
        <BOY>45000</BOY>
        <EOY>40000</EOY>
      </LoansFromOfficersDirectors>
      <UnsecuredNotesLoansPayable>
        <BOY>2175927</BOY>
        <EOY>1818672</EOY>
      </UnsecuredNotesLoansPayable>
      <TotalLiabilities>
        <BOY>3713573</BOY>
        <EOY>3307691</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1503082</BOY>
        <EOY>1701033</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>522987</BOY>
        <EOY>506780</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>132500</BOY>
        <EOY>148975</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>2158569</BOY>
        <EOY>2356788</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>5872142</BOY>
        <EOY>5664479</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>182200</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>16019</ReconciliationUnrealizedInvest>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc2">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc3">
      <CurrentYear>
        <BeginningOfYearBalance>287083</BeginningOfYearBalance>
        <Contributions>6701</Contributions>
        <InvestmentEarningsOrLosses>16091</InvestmentEarningsOrLosses>
        <EndOfYearBalance>309875</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>279502</BeginningOfYearBalance>
        <Contributions>650</Contributions>
        <InvestmentEarningsOrLosses>6931</InvestmentEarningsOrLosses>
        <EndOfYearBalance>287083</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>250926</BeginningOfYearBalance>
        <Contributions>420</Contributions>
        <InvestmentEarningsOrLosses>28156</InvestmentEarningsOrLosses>
        <EndOfYearBalance>279502</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>240818</BeginningOfYearBalance>
        <Contributions>550</Contributions>
        <InvestmentEarningsOrLosses>9558</InvestmentEarningsOrLosses>
        <EndOfYearBalance>250926</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>804831</OtherCostOrOtherBasis>
        <BookValue>804831</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>6208846</OtherCostOrOtherBasis>
        <Depreciation>2462641</Depreciation>
        <BookValue>3746205</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>615590</OtherCostOrOtherBasis>
        <Depreciation>551795</Depreciation>
        <BookValue>63795</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>4614831</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>3160708</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>16019</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>16019</RevenueNotRptdF990>
      <RevenueSubtotal>3144689</RevenueSubtotal>
      <TotalRevenuePerForm990>3144689</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2962489</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>2962489</ExpensesSubtotal>
      <TotalExpensesPerForm990>2962489</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc5">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 3</ReturnReference>
        <Explanation>ALL PUBLICITY AND ADVERTISEMENTS CLEARLY STATES AN ABSOLUTE NONDISCRIMINATION POLICY</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>NEW JERSEY NONPUBLIC SCHOOL AID IS RECEIVED BY THE SCHOOL</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc6">
      <EventsInformation>
        <NameOfEvent1>AUCTION</NameOfEvent1>
        <GrossReceiptsEvent1>60538</GrossReceiptsEvent1>
        <GrossRevenueEvent1>60538</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>12041</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>60538</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>60538</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>12041</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>12041</DirectExpenseSummaryEvents>
        <NetIncomeSummary>48497</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleL documentId="RetDoc7">
      <LoanTable>
        <NamePerson>DOROTH KRAMME</NamePerson>
        <RelationshipWithOrganization>TRUSTEE</RelationshipWithOrganization>
        <PurposeOfLoan>FUNDS FOR ROOF AND SOLAR AGRMNT</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>50000</OriginalPrincipalAmount>
        <BalanceDue>40000</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>40000</TotalBalanceDue>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc8">
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>N/A N/A</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>PRIOR TO FILING FORM 990, A FULL REVIEW IS CONDUCTED BY THE BUSINESS MANAGER AND HEAD OF SCHOOL FOR CONTENT AND APPROPRIATENESS OF DISCLOSURES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES ACTIVELY MONITORS FOR POTENTIAL CONFLICTS OF INTEREST AND DISCLOSES ANY IDENTIFIED INSTANCE TO THE CLERK.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>NO DOCUMENTS AVAILABLE TO THE PUBLIC</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 9</ReturnReference>
        <Explanation>UNREALIZED GAIN ON INVESTMENTS 0</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>