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        <Explanation>THE INITIAL SALARIES AN ANY UPDATED SALARY AMOUNTS FOR OUR MANAGEMENT PERSONNEL ARE DETERMINED WITH THE ASSISTANCE OF OUR INDEPENDENT ADMINISTRATIVE SERVICES PROVIDER, WHO ASSISTS US IN ANALYZING COMPETITIVE AREA SALARIES. ALL MANAGEMENT SALARIES ARE CALCULATED IN CONJUCTION WITH OUR COMPENSATION COMMITTEE AND ARE BOARD-APPROVED. THE LAST YEAR THIS WAS UNDERTAKEN IS THE CURRENT 2012-13 FISCAL YEAR.</Explanation>
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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>MANY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. ALL OTHER GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
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