﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-01-14T09:42:25-06:00</Timestamp>
    <TaxPeriodEndDate>2012-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>SQUIRE &amp; COMPANY PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1329 SOUTH 800 EAST</AddressLine1>
        <City>OREM</City>
        <State>UT</State>
        <ZIPCode>840977737</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>562533763</EIN>
      <Name>
        <BusinessNameLine1>RONALD WILSON REAGAN ACADEMY</BusinessNameLine1>
      </Name>
      <NameControl>RONA</NameControl>
      <Phone>8014897828</Phone>
      <USAddress>
        <AddressLine1>1143 WEST CENTER</AddressLine1>
        <City>SPRINGVILLE</City>
        <State>UT</State>
        <ZIPCode>84663</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>BRIAN MYRUP</Name>
      <Title>DIRECTOR</Title>
      <Phone>8014897828</Phone>
      <DateSigned>2013-01-10</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>M PAUL WINWARD CPA</Name>
      <Phone>8012256900</Phone>
      <DatePrepared>2013-01-10</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="RetDoc3" referenceDocumentId="RetDoc6">
      <NameOfPrincipalOfficerPerson>BRIAN MYRUP</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>1143 WEST CENTER</AddressLine1>
        <City>SPRINGVILLE</City>
        <State>UT</State>
        <ZIPCode>84663</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>4443632</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.REAGANACADEMY.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2004</YearFormation>
      <StateLegalDomicile>UT</StateLegalDomicile>
      <ActivityOrMissionDescription>TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>5</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>5</NbrIndependentVotingMembers>
      <TotalNbrEmployees>125</TotalNbrEmployees>
      <TotalNbrVolunteers>383</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>4262512</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>4217752</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>131686</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>200566</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>9804</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>4605</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>12658</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>10407</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>4416660</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>4433330</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>2792133</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>2848632</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1451</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1588044</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1687954</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>4380177</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>4536586</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>36483</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-103256</RevenuesLessExpensesCY>
      <TotalAssetsBOY>11473337</TotalAssetsBOY>
      <TotalAssetsEOY>11164390</TotalAssetsEOY>
      <TotalLiabilitiesBOY>11061232</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>10855541</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>412105</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>308849</NetAssetsOrFundBalancesEOY>
      <MissionDescription>TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>4153518</Expense>
      <Description>OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE.</Description>
      <Activity2>
        <Expense>305485</Expense>
        <Revenue>73874</Revenue>
        <Description>OPERATION OF A FOOD SERVICE PROGRAM TO BENEFIT STUDENTS AND FACULTY.</Description>
      </Activity2>
      <TotalProgramServiceExpense>4459003</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc2">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc2">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc2">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc2">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc2">false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc2">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc2">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc2">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc2">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc2">false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc2">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc2">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc2">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc4">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="RetDoc5">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>15</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>125</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>5</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>5</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>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>BRIAN MYRUP</NamePerson>
        <TelephoneNumber>8014897828</TelephoneNumber>
        <AddressUS>
          <AddressLine1>1143 WEST CENTER</AddressLine1>
          <City>SPRINGVILLE</City>
          <State>UT</State>
          <ZIPCode>84663</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>LORIE WILKINS</NamePerson>
        <Title>CHAIRMAN</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TONIA FISCHIO</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JASON DOUGLAS</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BENJAMIN LARSON</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN THAYNE</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN MYRUP</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>91383</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>18186</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>91383</TotalReportableCompFromOrg>
      <TotalOtherCompensation>18186</TotalOtherCompensation>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <GovernmentGrants>4212509</GovernmentGrants>
      <AllOtherContributions>5243</AllOtherContributions>
      <TotalContributions>4217752</TotalContributions>
      <ProgramServiceRevenue>
        <Description>PROGRAM SERVICES</Description>
        <TotalRevenueColumn>126692</TotalRevenueColumn>
        <ExclusionAmount>126692</ExclusionAmount>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>FOOD SERVICES</Description>
        <TotalRevenueColumn>73874</TotalRevenueColumn>
        <ExclusionAmount>73874</ExclusionAmount>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>200566</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>9940</TotalRevenueColumn>
        <ExclusionAmount>9940</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Other>350</Other>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Other>5685</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Other>-5335</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-5335</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>-5335</RelatedOrExemptFunctionIncome>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>10810</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>4617</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>6193</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <OtherRevenueMisc>
        <TotalRevenueColumn>4214</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>4214</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>4214</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>4433330</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>-1121</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>210506</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>91383</Total>
        <ProgramServices>91383</ProgramServices>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>2050690</Total>
        <ProgramServices>2011955</ProgramServices>
        <ManagementAndGeneral>38694</ManagementAndGeneral>
        <Fundraising>41</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>93674</Total>
        <ProgramServices>91601</ProgramServices>
        <ManagementAndGeneral>2071</ManagementAndGeneral>
        <Fundraising>2</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>449763</Total>
        <ProgramServices>436314</ProgramServices>
        <ManagementAndGeneral>13431</ManagementAndGeneral>
        <Fundraising>18</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>163122</Total>
        <ProgramServices>160173</ProgramServices>
        <ManagementAndGeneral>2946</ManagementAndGeneral>
        <Fundraising>3</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>3021</Total>
        <ProgramServices>3021</ProgramServices>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>15200</Total>
        <ProgramServices>15200</ProgramServices>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>269678</Total>
        <ProgramServices>268789</ProgramServices>
        <ManagementAndGeneral>825</ManagementAndGeneral>
        <Fundraising>64</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>4220</Total>
        <ProgramServices>4220</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>18826</Total>
        <ProgramServices>18474</ProgramServices>
        <ManagementAndGeneral>352</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>29690</Total>
        <ProgramServices>29690</ProgramServices>
      </InformationTechnology>
      <Occupancy>
        <Total>76978</Total>
        <ProgramServices>75585</ProgramServices>
        <ManagementAndGeneral>1293</ManagementAndGeneral>
        <Fundraising>100</Fundraising>
      </Occupancy>
      <Travel>
        <Total>54922</Total>
        <ProgramServices>54919</ProgramServices>
        <ManagementAndGeneral>3</ManagementAndGeneral>
      </Travel>
      <Interest>
        <Total>632330</Total>
        <ProgramServices>620885</ProgramServices>
        <ManagementAndGeneral>10623</ManagementAndGeneral>
        <Fundraising>822</Fundraising>
      </Interest>
      <DepreciationDepletion>
        <Total>277385</Total>
        <ProgramServices>272364</ProgramServices>
        <ManagementAndGeneral>4660</ManagementAndGeneral>
        <Fundraising>361</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>21583</Total>
        <ProgramServices>21426</ProgramServices>
        <ManagementAndGeneral>146</ManagementAndGeneral>
        <Fundraising>11</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>FOOD</Description>
        <Total>107531</Total>
        <ProgramServices>107531</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES AND MATERIALS</Description>
        <Total>98752</Total>
        <ProgramServices>98044</ProgramServices>
        <ManagementAndGeneral>708</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TEXTBOOKS &amp; EQUIPMENT</Description>
        <Total>27638</Total>
        <ProgramServices>27638</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES &amp; FEES</Description>
        <Total>27036</Total>
        <ProgramServices>27036</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>23164</Total>
        <ProgramServices>22755</ProgramServices>
        <ManagementAndGeneral>380</ManagementAndGeneral>
        <Fundraising>29</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>4536586</Total>
        <ProgramServices>4459003</ProgramServices>
        <ManagementAndGeneral>76132</ManagementAndGeneral>
        <Fundraising>1451</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>366069</BOY>
        <EOY>287850</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>304187</BOY>
        <EOY>279550</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>92447</BOY>
        <EOY>102968</EOY>
      </PledgesAndGrantsReceivable>
      <LandBuildingsEquipmentBasis>10307346</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1334700</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>9181683</BOY>
        <EOY>8972646</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>1179699</BOY>
        <EOY>1185239</EOY>
      </InvestmentsPubTradedSecurities>
      <OtherAssetsTotal>
        <BOY>349252</BOY>
        <EOY>336137</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>11473337</BOY>
        <EOY>11164390</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>369633</BOY>
        <EOY>333654</EOY>
      </AccountsPayableAccruedExpenses>
      <TaxExemptBondLiabilities>
        <BOY>10650000</BOY>
        <EOY>10490000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>41599</BOY>
        <EOY>31887</EOY>
      </MortNotesPyblSecuredInvestProp>
      <TotalLiabilities>
        <BOY>11061232</BOY>
        <EOY>10855541</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>412105</BOY>
        <EOY>308849</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>412105</BOY>
        <EOY>308849</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>11473337</BOY>
        <EOY>11164390</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-103256</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <DisclosedOrgsLegalControl>false</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>false</DisclosedForCharitablePurposes>
      <WrittenPolicyMonitoring>false</WrittenPolicyMonitoring>
      <Sect170hRequirementsSatisfied>false</Sect170hRequirementsSatisfied>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>1135300</OtherCostOrOtherBasis>
        <BookValue>1135300</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>8654924</OtherCostOrOtherBasis>
        <Depreciation>999992</Depreciation>
        <BookValue>7654932</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>517122</OtherCostOrOtherBasis>
        <Depreciation>334708</Depreciation>
        <BookValue>182414</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>8972646</TotalOfBookValueLandBuildings>
      <TotalRevenue>4433330</TotalRevenue>
      <TotalExpenses>4536586</TotalExpenses>
      <ExcessOrDeficitForYear>-103256</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-103256</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>4437947</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>4617</OtherRevenues>
      <RevenueNotRptdF990>4617</RevenueNotRptdF990>
      <RevenueSubtotal>4433330</RevenueSubtotal>
      <TotalRevenuePerForm990>4433330</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>4541203</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>4617</OtherExpensesIncluded>
      <ExpensesNotRptdF990>4617</ExpensesNotRptdF990>
      <ExpensesSubtotal>4536586</ExpensesSubtotal>
      <TotalExpensesPerForm990>4536586</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 8</ReturnReference>
        <Explanation>SPECIAL EVENTS 4,617 SPECIAL EVENTS -4,617</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 2D</ReturnReference>
        <Explanation>SPECIAL EVENTS 4,617</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XIII, LINE 2D</ReturnReference>
        <Explanation>SPECIAL EVENTS 4,617</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc4">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>false</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>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>THE SCHOOL RECEIVES STATE AND FEDERAL GRANTS TO OPERATE</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleK documentId="RetDoc5">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>UTAH COUNTY UTAH</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>876000312</IssuerEIN>
        <CUSIPNumber>91739NBG0</CUSIPNumber>
        <DateIssued>2007-10-30</DateIssued>
        <IssuePrice>10915000</IssuePrice>
        <DescriptionOfPurpose>TO PURCHASE BUILDING</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>10915000</TotalProceeds>
        <AmountInReserveFund>795200</AmountInReserveFund>
        <CapitalizedInterest>177773</CapitalizedInterest>
        <IssuanceCostsFromProceeds>214111</IssuanceCostsFromProceeds>
        <CapitalExpenditures>9727916</CapitalExpenditures>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <EngageBondCounselContracts>false</EngageBondCounselContracts>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <EngageBondCounselResearch>false</EngageBondCounselResearch>
        <PostIssuanceComplianceProcdrs>false</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc6">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>FORM 990 IS SUBMITTED TO THE BOARD AT THE MONTHLY BOARD MEETING BY THE DIRECTOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>COMPLIANCE MONITORED BY BOARD ANNUALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>ALL COMPENSATION IS REVIEWED ANNUALLY AND VOTED ON BY THE BOARD IN AN OPEN MEETING. CHANGES DURING THE YEAR MUST BE MADE USING A PERSONNEL ACTION FORM WHICH REQUIRES THE SIGNATURE OF THE BOARD PRESIDENT FOR THE DIRECTOR'S COMPENSATION AND THE DIRECTOR'S SIGNATURE FOR OTHER KEY EMPLOYEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>ALL COMPENSATION IS REVIEWED ANNUALLY AND VOTED ON BY THE BOARD IN AN OPEN MEETING. CHANGES DURING THE YEAR MUST BE MADE USING A PERSONNEL ACTION FORM WHICH REQUIRES THE SIGNATURE OF THE BOARD PRESIDENT FOR THE DIRECTOR'S COMPENSATION AND THE DIRECTOR'S SIGNATURE FOR OTHER KEY EMPLOYEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>