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        <Explanation>IN ACCORDANCE WITH FASB ASC 740, BOISE PUBLIC SCHOOLS EDUCATION FOUNDATION, INC. HAS EVALUATED ITS OPERATIONS AS OF JUNE 30, 2013 AND 2012 AS COMPARED TO ITS ORIGINAL APPLICATION FOR TAX EXEMPT NONPROFIT STATUS. UPON EVALUATION, THE FOUNDATION DOES NOT BELIEVE IT HAS ANY BUSINESS ACTIVITIES IN PLACE THAT WOULD CAUSE ITS TAX EXEMPT NONPROFIT STATUS TO NOT BE SUSTAINED UPON AUDIT.</Explanation>
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      <GeneralExplanation>
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      <GeneralExplanation>
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        <Explanation>UPON REQUEST.</Explanation>
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        <AmountInvolved>161059</AmountInvolved>
        <MethodOfAmtDetermination>PAYROLL</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>BOISE PUBLIC SCHOOL DISTRICT</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>578200</AmountInvolved>
        <MethodOfAmtDetermination>CASH TRANSACTIONS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>