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        <EOY>2883116</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>3694807</BOY>
        <EOY>3762196</EOY>
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      <ReconcilationRevenueExpenses>-73255</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>88827</ReconciliationUnrealizedInvest>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <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>
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      <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">
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        <BeginningOfYearBalance>412222</BeginningOfYearBalance>
        <Contributions>2550</Contributions>
        <InvestmentEarningsOrLosses>48248</InvestmentEarningsOrLosses>
        <EndOfYearBalance>463220</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>417099</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-4677</InvestmentEarningsOrLosses>
        <EndOfYearBalance>412422</EndOfYearBalance>
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      <CurrentYearMinus2Years>
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        <Contributions>1150</Contributions>
        <InvestmentEarningsOrLosses>74490</InvestmentEarningsOrLosses>
        <OtherExpenditures>11795</OtherExpenditures>
        <EndOfYearBalance>417099</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>308284</BeginningOfYearBalance>
        <Contributions>12011</Contributions>
        <InvestmentEarningsOrLosses>30954</InvestmentEarningsOrLosses>
        <OtherExpenditures>-2005</OtherExpenditures>
        <EndOfYearBalance>353254</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>182300</BeginningOfYearBalance>
        <Contributions>4425</Contributions>
        <InvestmentEarningsOrLosses>45234</InvestmentEarningsOrLosses>
        <OtherExpenditures>-76325</OtherExpenditures>
        <EndOfYearBalance>308284</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <BoardDesignatedEOYBalance>0.77000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.19000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.04000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
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        <BookValue>317940</BookValue>
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      <Buildings>
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        <Depreciation>578623</Depreciation>
        <BookValue>1853134</BookValue>
      </Buildings>
      <LeaseholdImprovements>
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        <Depreciation>167881</Depreciation>
        <BookValue>262965</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>472544</OtherCostOrOtherBasis>
        <Depreciation>354553</Depreciation>
        <BookValue>117991</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>27252</OtherCostOrOtherBasis>
        <Depreciation>22402</Depreciation>
        <BookValue>4850</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2556880</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>2470624</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>88827</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>88827</RevenueNotRptdF990>
      <RevenueSubtotal>2381797</RevenueSubtotal>
      <OtherRevenuesNotIncluded>702</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>702</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>2382499</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2380909</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>2380909</ExpensesSubtotal>
      <OtherExpensesNotIncluded>74845</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>74845</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>2455754</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XI, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FINANCIAL AID 702.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FINANCIAL AID 702. DISCONTINUED OPERATIONS 74,143.</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>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>ADVERTISING FOR TEACHING POSITIONS INDICATE SHARON ACADEMY IS AN EQUAL OPPORTUNITY EMPLOYER. STUDENT APPLICATION FORMS INCLUDE STATEMENT THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 6</ReturnReference>
        <Explanation>TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE FINANCE COMMITTEE REVIEWS THE FORM 990 FOR ACCURACY AND APPROVES IT BEFORE ITS FILING DEADLINE. THE FINANCE COMMITTEE THEN REPORTS ITS FINDINGS ON THE FORM 990 TO THE BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES PROVIDE THE CHAIRPERSON WITH A LIST OF BUSINESSES AND NONPROFIT ORGANIZATIONS WITH WHICH EACH INDIVIDUAL IS AFFILIATED. IT IS THE RESPONSIBILITY OF ALL TRUSTEES TO DISCLOSE ANY DISQUALIFYING RELATIONSHIP WITH ANY PROPOSED TRANSACTIONS AND TO ABSTAIN FROM DISCUSSING, VOTING ON, OR OTHERWISE ATTEMPTING TO INFLUENCE THE DECISION ON THE PROPOSED ACTION. THE TRUSTEES MAY PROVIDE INFORMATION IF REQUESTED TO DO SO.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE SALARY FOR MICHAEL LIVINGSTON, THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE SALARIES FOR ALL OTHER EMPLOYEES. FACULTY MEMBERS ARE ON A SALARY PLAN WITH A SPECIFIC FORMULA TO DETERMINE THEIR STARTING SALARIES AND THEIR SALARY INCREASES AT SPECIFIC PERCENTAGES PLUS INFLATION FOR EACH YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 18</ReturnReference>
        <Explanation>ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>