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        <EOY>35862287</EOY>
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      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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    <IRS990ScheduleA documentId="990A">
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        <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>
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      </Land>
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        <BookValue>20227474</BookValue>
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        <BookValue>337349</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>26449885</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>Other</Description>
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      </OtherAssets>
      <TotalBookValueOtherAssets>20815</TotalBookValueOtherAssets>
      <OtherLiabilities>
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      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Funds held in custody</Description>
        <Amount>220479</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Pension liability payable</Description>
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      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Annuity liability payable</Description>
        <Amount>366194</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Interest rate swap agreement</Description>
        <Amount>1035425</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Advances from federal governme</Description>
        <Amount>1195797</Amount>
      </OtherLiabilities>
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      <TotalRevenue>19769904</TotalRevenue>
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      <ExcessOrDeficitForYear>54103</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-189241</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-189241</TotalAdjustments>
      <ExcessOrDeficitPerFS>-135138</ExcessOrDeficitPerFS>
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      <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>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>01 Description of nondiscriminatory policy Question 3</Identifier>
        <Explanation>It is placed in the Chattanooga paper annually</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleJ documentId="990J">
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      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>false</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
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      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
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      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Stephen Livesay</NamePerson>
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        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>77708</BonusFilingOrg>
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        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
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        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
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          <NamePerson>Glenn Stophel</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Former Trustee</Relationship>
        <AmountOfTransaction>11043</AmountOfTransaction>
        <DescriptionOfTransaction>Attorney Fees</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
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          <NamePerson>Stephen Livesay</NamePerson>
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        <DescriptionOfTransaction>Loan to College</DescriptionOfTransaction>
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      <Form990ScheduleLPartIV>
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          <NamePerson>Tim Hostetler</NamePerson>
        </NameOfInterestedPerson>
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        <DescriptionOfTransaction>Loan to College</DescriptionOfTransaction>
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      <Form990ScheduleLPartIV>
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        <Explanation>Each trustee was sent an electronic copy of the 990</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>02. Conflict of interest policy compliance (Part VI, line 12c)</Identifier>
        <Explanation>Trustees sign annual letter stating no conflict of interest</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>03. Governing documents, etc, available to public (Part VI, line 19)</Identifier>
        <Explanation>Audited statements available to the public upon request</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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</Return>