﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.5">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-03-04T11:31:02-06:00</Timestamp>
    <TaxPeriodEndDate>2012-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>BKD LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1201 Walnut Suite 1700</AddressLine1>
        <City>Kansas City</City>
        <State>MO</State>
        <ZIPCode>641062246</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>480543772</EIN>
      <Name>
        <BusinessNameLine1>OTTAWA UNIVERSITY</BusinessNameLine1>
      </Name>
      <InCareOfName>% NOELLE M TESTA</InCareOfName>
      <NameControl>OTTA</NameControl>
      <Phone>7852482382</Phone>
      <USAddress>
        <AddressLine1>1001 S CEDAR</AddressLine1>
        <City>OTTAWA</City>
        <State>KS</State>
        <ZIPCode>66067</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>J CLARK RIBORDY</Name>
      <Title>VP FOR ADMINISTRATION &amp; CFO</Title>
      <DateSigned>2013-05-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Michael J Engle</Name>
      <Phone>8162216300</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="12">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <NameOfPrincipalOfficerPerson>KEVIN EICHNER</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>1001 S CEDAR STE 20</AddressLine1>
        <City>OTTAWA</City>
        <State>KS</State>
        <ZIPCode>66067</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>61568286</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.ottawa.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1865</YearFormation>
      <StateLegalDomicile>KS</StateLegalDomicile>
      <ActivityOrMissionDescription>THE MISSION OF OTTAWA UNIVERSITY IS TO PROVIDE THE HIGHEST QUALITY LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CARING, CHRIST-CENTERED COMMUNITY OF GRACE WHICH INTEGRATES FAITH, LEARNING AND LIFE.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>35</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>31</NbrIndependentVotingMembers>
      <TotalNbrEmployees>1187</TotalNbrEmployees>
      <TotalNbrVolunteers>50</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>1877817</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>4455242</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>44764411</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>46211546</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>435904</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>408555</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>582579</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>761254</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>47660711</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>51836597</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>6387453</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>7446420</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>24095389</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>25467423</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1009377</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>16074661</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>16688908</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>46557503</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>49602751</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>1103208</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>2233846</RevenuesLessExpensesCY>
      <TotalAssetsBOY>49900967</TotalAssetsBOY>
      <TotalAssetsEOY>50632052</TotalAssetsEOY>
      <TotalLiabilitiesBOY>30237683</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>29038864</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>19663284</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>21593188</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>SEE SCHEDULE O</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>34808947</Expense>
      <Grants>7446420</Grants>
      <Revenue>46211546</Revenue>
      <Description>OTTAWA UNIVERSITY STRIVES TO PROVIDE THE HIGHEST QUALITY LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CARING, CHRIST-CENTERED COMMUNITY OF GRACE INTEGRATING FAITH, LEARNING AND LIFE.</Description>
      <TotalProgramServiceExpense>34808947</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">true</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">true</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">true</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="IRS990ScheduleE">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities referenceDocumentId="IRS990ScheduleF">true</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="IRS990ScheduleF">false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="IRS990ScheduleF">true</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">false</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">true</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">true</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">true</DisregardedEntity>
      <RelatedEntity referenceDocumentId="IRS990ScheduleR">true</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity referenceDocumentId="IRS990ScheduleR">false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="IRS990ScheduleR">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="IRS990ScheduleR">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>7098</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>1187</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>35</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>31</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>false</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>AZ</StatesWhereCopyOfReturnIsFiled>
      <StatesWhereCopyOfReturnIsFiled>KS</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>NOELLE M TESTA</NamePerson>
        <TelephoneNumber>7852482382</TelephoneNumber>
        <AddressUS>
          <AddressLine1>1001 S CEDAR STE 20</AddressLine1>
          <City>OTTAWA</City>
          <State>KS</State>
          <ZIPCode>66067</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>DAVID J GRUMMON</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR STANLEY L BETTIN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN H CASSIDY</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LUCKY DEFRIES</NamePerson>
        <Title>TREASURER/TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KARLA DYE</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEVIN EICHNER</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>449913</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>29324</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY FELIX</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BEVERLY FINK</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GARY HAILES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR E EARL HAYS</NamePerson>
        <Title>SECRETARY/TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEFF L HULL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD JACKSON</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>REV STEVE KAWIECKI</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR MERCILE J LEE</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WYNNDEE LEE</NamePerson>
        <Title>VICE CHAIR/TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANNE J MILLS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WAYNE M PAULSEN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>L BLAINE RUSH</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR HENRY H SCHERICH</NamePerson>
        <Title>CHAIR/TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GLENDA SCHMIDT</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR WARREN R SMITH</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR JANICE R WISSMAN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR DAVID GREENHAW</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD MAACK</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KENNETH BRAUN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN WILLIAMS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILEY ANGELL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL HETRICK</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WAYNE DUDERSTADT</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOSEPH GREENHAW</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEVE HASTY</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KATHLEEN MADDEN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LAURA OWEN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BARRY PELTON</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID SNYDER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PAMELA WOODWARD</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DENNIS TYNER</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>140710</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>96582</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARY DONNA LEVENE</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>112172</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>19251</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN SANDUSKY</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>189309</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>29548</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TERREL HAINES</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>147440</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>32175</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>J CLARK RIBORDY</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>190639</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>32441</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PAUL BEAN</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>139596</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>47393</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN MESSER</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>166955</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>27046</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SHANE SMEED</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>42571</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6657</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KIRK WESSEL</NamePerson>
        <Title>DEAN OF SCHOOL OF BUSINESS</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>107074</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16358</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD JOHNSON</NamePerson>
        <Title>COO</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>104602</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>52465</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1790981</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>389240</TotalOtherCompensation>
      <NumberIndividualsGT100K>10</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>ATT DATACOMM INC</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>TELEPHONE SERVICES</DescriptionOfServices>
        <Compensation>293597</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>BAY PACIFICPHX CORP CTR LLC</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>PROPERTY MGMT</DescriptionOfServices>
        <Compensation>1048878</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CORE COMMUNICATIONS LLC</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>COMMUNICATIONS</DescriptionOfServices>
        <Compensation>100948</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>LIBERTY PROP LTD PTRS</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>PROPERTY MGMT</DescriptionOfServices>
        <Compensation>247196</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>BKD LLP</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>CPA SERVICES</DescriptionOfServices>
        <Compensation>105395</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>10</NumberOfContractorsGT100K>
      <AllOtherContributions>4455242</AllOtherContributions>
      <TotalContributions>4455242</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition &amp; Fees</Description>
        <BusinessCode>611600</BusinessCode>
        <TotalRevenueColumn>42826414</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>42826414</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Auxiliary Enterprises</Description>
        <BusinessCode>611600</BusinessCode>
        <TotalRevenueColumn>3385132</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3385132</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>46211546</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>202213</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>202213</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>18775</TotalRevenueColumn>
        <ExclusionAmount>18775</ExclusionAmount>
      </RoyaltiesRevenue>
      <GrossAmountSalesAssets>
        <Securities>9907713</Securities>
        <Other>30318</Other>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>9730115</Securities>
        <Other>1574</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>177598</Securities>
        <Other>28744</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>206342</TotalRevenueColumn>
        <ExclusionAmount>206342</ExclusionAmount>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>Transcript Fees</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>29769</TotalRevenueColumn>
        <ExclusionAmount>29769</ExclusionAmount>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>Commissions</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>11092</TotalRevenueColumn>
        <ExclusionAmount>11092</ExclusionAmount>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>All Other Misc Revenue</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>701618</TotalRevenueColumn>
        <ExclusionAmount>701618</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>742479</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>51836597</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>46211546</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>1169809</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>7423720</Total>
        <ProgramServices>7423720</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>22700</Total>
        <ProgramServices>22700</ProgramServices>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>2012835</Total>
        <ManagementAndGeneral>2012835</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>416574</Total>
        <ProgramServices>416574</ProgramServices>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>18068402</Total>
        <ProgramServices>15055989</ProgramServices>
        <ManagementAndGeneral>2432986</ManagementAndGeneral>
        <Fundraising>579427</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>642013</Total>
        <ProgramServices>441210</ProgramServices>
        <ManagementAndGeneral>178011</ManagementAndGeneral>
        <Fundraising>22792</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>2826146</Total>
        <ProgramServices>1580983</ProgramServices>
        <ManagementAndGeneral>1179423</ManagementAndGeneral>
        <Fundraising>65740</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>1501453</Total>
        <ProgramServices>1172795</ProgramServices>
        <ManagementAndGeneral>291386</ManagementAndGeneral>
        <Fundraising>37272</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>921159</Total>
        <ProgramServices>170269</ProgramServices>
        <ManagementAndGeneral>724341</ManagementAndGeneral>
        <Fundraising>26549</Fundraising>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>100985</Total>
        <ManagementAndGeneral>100985</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>71842</Total>
        <ProgramServices>80</ProgramServices>
        <ManagementAndGeneral>71762</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>19469</Total>
        <ManagementAndGeneral>19469</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>1363223</Total>
        <ProgramServices>951215</ProgramServices>
        <ManagementAndGeneral>400424</ManagementAndGeneral>
        <Fundraising>11584</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>2235463</Total>
        <ProgramServices>21440</ProgramServices>
        <ManagementAndGeneral>2200064</ManagementAndGeneral>
        <Fundraising>13959</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>1596972</Total>
        <ProgramServices>338735</ProgramServices>
        <ManagementAndGeneral>1179996</ManagementAndGeneral>
        <Fundraising>78241</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>680829</Total>
        <ProgramServices>493983</ProgramServices>
        <ManagementAndGeneral>168198</ManagementAndGeneral>
        <Fundraising>18648</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>3697920</Total>
        <ProgramServices>2773440</ProgramServices>
        <ManagementAndGeneral>924480</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>903024</Total>
        <ProgramServices>636031</ProgramServices>
        <ManagementAndGeneral>208481</ManagementAndGeneral>
        <Fundraising>58512</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>160667</Total>
        <ProgramServices>48626</ProgramServices>
        <ManagementAndGeneral>62285</ManagementAndGeneral>
        <Fundraising>49756</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>992722</Total>
        <ProgramServices>655152</ProgramServices>
        <ManagementAndGeneral>337570</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>2234124</Total>
        <ProgramServices>1668966</ProgramServices>
        <ManagementAndGeneral>565158</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>323500</Total>
        <ProgramServices>64714</ProgramServices>
        <ManagementAndGeneral>212672</ManagementAndGeneral>
        <Fundraising>46114</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
        <Total>165321</Total>
        <ProgramServices>1760</ProgramServices>
        <ManagementAndGeneral>163561</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EQUIPMENT RENTAL &amp; MAINT</Description>
        <Total>312746</Total>
        <ProgramServices>143622</ProgramServices>
        <ManagementAndGeneral>169124</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EDUCATION EXPENSE</Description>
        <Total>321800</Total>
        <ProgramServices>203274</ProgramServices>
        <ManagementAndGeneral>117911</ManagementAndGeneral>
        <Fundraising>615</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BAD DEBT EXPENSE</Description>
        <Total>64745</Total>
        <ProgramServices>45304</ProgramServices>
        <ManagementAndGeneral>19441</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>522397</Total>
        <ProgramServices>478365</ProgramServices>
        <ManagementAndGeneral>43864</ManagementAndGeneral>
        <Fundraising>168</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>49602751</Total>
        <ProgramServices>34808947</ProgramServices>
        <ManagementAndGeneral>13784427</ManagementAndGeneral>
        <Fundraising>1009377</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>493588</BOY>
        <EOY>1373400</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>1281901</BOY>
        <EOY>2956212</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>785589</BOY>
        <EOY>812812</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>167217</BOY>
        <EOY>187677</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>563156</BOY>
        <EOY>603270</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>44183643</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>24496480</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>20120957</BOY>
        <EOY>19687163</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>22917649</BOY>
        <EOY>21713103</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>70000</BOY>
        <EOY>70000</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <BOY>2834886</BOY>
        <EOY>2697078</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>666024</BOY>
        <EOY>531337</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>49900967</BOY>
        <EOY>50632052</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>3588737</BOY>
        <EOY>3722333</EOY>
      </AccountsPayableAccruedExpenses>
      <GrantsPayable>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </GrantsPayable>
      <DeferredRevenue>
        <BOY>965857</BOY>
        <EOY>1318156</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>14275000</BOY>
        <EOY>13470000</EOY>
      </TaxExemptBondLiabilities>
      <EscrowAccountLiability>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </EscrowAccountLiability>
      <LoansFromOfficersDirectors>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </LoansFromOfficersDirectors>
      <MortNotesPyblSecuredInvestProp>
        <BOY>8144996</BOY>
        <EOY>7495000</EOY>
      </MortNotesPyblSecuredInvestProp>
      <UnsecuredNotesLoansPayable>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>3263093</BOY>
        <EOY>3033375</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>30237683</BOY>
        <EOY>29038864</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>7548368</BOY>
        <EOY>8836362</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>585297</BOY>
        <EOY>594294</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>11529619</BOY>
        <EOY>12162532</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>19663284</BOY>
        <EOY>21593188</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>49900967</BOY>
        <EOY>50632052</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2233846</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-303942</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <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="IRS990ScheduleD">
      <ArtPublicExhibitionAmts>
        <AssetsInPartX>60000</AssetsInPartX>
      </ArtPublicExhibitionAmts>
      <HeldWorksOfArtAmts />
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <CurrentYear>
        <BeginningOfYearBalance>17259364</BeginningOfYearBalance>
        <Contributions>784858</Contributions>
        <InvestmentEarningsOrLosses>172659</InvestmentEarningsOrLosses>
        <OtherExpenditures>748957</OtherExpenditures>
        <AdministrativeExpenses>19469</AdministrativeExpenses>
        <EndOfYearBalance>17448455</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>15250299</BeginningOfYearBalance>
        <Contributions>111120</Contributions>
        <InvestmentEarningsOrLosses>2766046</InvestmentEarningsOrLosses>
        <OtherExpenditures>848082</OtherExpenditures>
        <AdministrativeExpenses>20019</AdministrativeExpenses>
        <EndOfYearBalance>17259364</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>14561248</BeginningOfYearBalance>
        <Contributions>119133</Contributions>
        <InvestmentEarningsOrLosses>1487857</InvestmentEarningsOrLosses>
        <OtherExpenditures>900000</OtherExpenditures>
        <AdministrativeExpenses>17939</AdministrativeExpenses>
        <EndOfYearBalance>15250299</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>17337591</BeginningOfYearBalance>
        <Contributions>218489</Contributions>
        <InvestmentEarningsOrLosses>-2064832</InvestmentEarningsOrLosses>
        <OtherExpenditures>930000</OtherExpenditures>
        <EndOfYearBalance>14561248</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <BoardDesignatedEOYBalance>0.38781</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.59613</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.01606</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>523573</OtherCostOrOtherBasis>
        <BookValue>523573</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>25624963</OtherCostOrOtherBasis>
        <Depreciation>12456480</Depreciation>
        <BookValue>13168483</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>685536</OtherCostOrOtherBasis>
        <Depreciation>260816</Depreciation>
        <BookValue>424720</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>15614311</OtherCostOrOtherBasis>
        <Depreciation>10679936</Depreciation>
        <BookValue>4934375</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>1735260</OtherCostOrOtherBasis>
        <Depreciation>1099248</Depreciation>
        <BookValue>636012</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>19687163</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>STUDENT LOAN RECEIVABLE</Description>
        <BookValue>2697078</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>2697078</TotalOfBookValueProgramRelated>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>Refundable Govt Loan Programs</Description>
        <Amount>2549202</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Present Value Annuities Pay.</Description>
        <Amount>303580</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Asset Retirement Obligations</Description>
        <Amount>180593</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>3033375</TotalOfAmounts>
      <TotalRevenue>51836597</TotalRevenue>
      <TotalExpenses>49602751</TotalExpenses>
      <ExcessOrDeficitForYear>2233846</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-253594</NetUnrealizedGLOnInvestments>
      <OtherAmount>-50348</OtherAmount>
      <TotalAdjustments>-303942</TotalAdjustments>
      <ExcessOrDeficitPerFS>1929904</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>44088370</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-253594</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>-253594</RevenueNotRptdF990>
      <RevenueSubtotal>44341964</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>19469</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>7475164</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>7494633</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>51836597</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>42158466</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>50348</OtherExpensesIncluded>
      <ExpensesNotRptdF990>50348</ExpensesNotRptdF990>
      <ExpensesSubtotal>42108118</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>19469</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>7475164</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>7494633</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>49602751</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>COLLECTIONS AND HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE</Identifier>
        <ReturnReference>SCHEDULE D, PART III, LINE 4</ReturnReference>
        <Explanation>THE COLLECTION IS PRIMARILY INDIAN ARTIFACTS WHICH HELP TO EXPLAIN THE BEGINNINGS OF THE UNIVERSITY, WHICH WAS ESTABLISHED BY INDIAN MISSIONARIES.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>ENDOWMENT FUNDS</Identifier>
        <ReturnReference>SCHEDULE D, PART V, LINE 4</ReturnReference>
        <Explanation>THE ENDOWMENT FUNDS HELP IN FUNDING STUDENT EDUCATION THROUGH ENDOWED SCHOLARSHIPS. THERE ARE ALSO ENDOWED CHAIRS WHICH HELP TO FUND PROFESSORS WHO TEACH AND FURTHER THE EXEMPT PURPOSE OF THE UNIVERSITY.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48</Identifier>
        <ReturnReference>SCHEDULE D, PART X, LINE 2</ReturnReference>
        <Explanation>MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER - RECONCILIATION OF REVENUE PER AUDITED F/S AND TAX RETURN</Identifier>
        <ReturnReference>SCHEDULE D, PART XI, LINE 8</ReturnReference>
        <Explanation>NET DEFERRED FUTURE LIAB. ADJ. $( 50,348) ------------ TOTAL $( 50,348)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER - REVENUE INCLUDED ON FORM 990, PART VII, LINE 12 BUT NOT ON LINE 1</Identifier>
        <ReturnReference>SCHEDULE D, PART XII, LINE 4B</ReturnReference>
        <Explanation>RECLASSIFICATION OF GRANTS $ 7,446,420 GAIN ON DISPOSTION OF FIXED ASSETS $ 28,744 ----------- TOTAL $ 7,475,164</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER - EXPENSE INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25</Identifier>
        <ReturnReference>SCHEDULE D, PART XIII, LINE 2D</ReturnReference>
        <Explanation>NET DEFERRED FUTURE LIAB. ADJ. $( 50,348) ------------ TOTAL $( 50,348)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER - EXPENSE INCLUDED ON FORM 990, PART IX, LINE 25 BUT NOT ON LINE 1</Identifier>
        <ReturnReference>FORM 990, SCHEDULE D, PART XIII, LINE 4D</ReturnReference>
        <Explanation>RECLASSIFICATION OF GRANTS $ 7,446,420 GAIN ON DISPOSTION OF FIXED ASSETS $ 28,744 ----------- TOTAL $ 7,475,164</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <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>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>DESCRIPTION OF NONDISCRIMINATORY POLICY</Identifier>
        <ReturnReference>SCHEDULE E, LINE 3</ReturnReference>
        <Explanation>THE COLLEGE CATALOG, STUDENT HANDBOOK, &amp; GENERAL DISTRIBUTION ADMISSION BROCHURES STATE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>FINANCIAL AID ASSISTANCE FROM A GOVERNMENT AGENCY</Identifier>
        <ReturnReference>SCHEDULE E, LINE 6A</ReturnReference>
        <Explanation>THE ORGANIZATION RECEIVED TITLE IV FEDERAL FUNDING FROM THE DEPARTMENT OF EDUCATION.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SCHOLARSHIPS</SpecificServicesProvided>
        <TotalExpenditures>12000</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SCHOLARSHIPS</SpecificServicesProvided>
        <TotalExpenditures>10700</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalAmountSpent>22700</SubtotalAmountSpent>
      <TotalAmountSpent>22700</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>SCHOLARSHIPS/GRANTS</TypeOfAssistance>
        <Region>North America</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>12000</AmountOfCashGrant>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>SCHOLARSHIPS/GRANTS</TypeOfAssistance>
        <Region>South America</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>10700</AmountOfCashGrant>
      </GrantsToIndOutsideUS>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>PROCESS FOR MONITORING THE USE OF FOREIGN GRANT FUNDS</Identifier>
        <ReturnReference>SCHEDULE F, PART I, LINE 2</ReturnReference>
        <Explanation>OTTAWA UNIVERSITY OFFERS ACADEMIC SCHOLARSHIPS AND AWARDS. ALL FUNDS ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, SERVICE TO COMMUNITY, LEADERSHIP AND INVOLVEMENT IN SCHOOL ACTIVITIES. ALL SCHOLARSHIPS AND AWARDS ARE OFFERED FOR FOUR YEARS OF STUDY FOR FRESHMAN AND UNTIL THE COMPLETION OF DEGREE REQUIREMENTS FOR TRANSFER STUDENTS. ALL STUDENTS MUST MEET THE STATED CRITERIA TO MAINTAIN ELIGIBILITY. GRANTS EARNED BY THE STUDENT FROM EXTERNAL FUNDING SOURCES ARE FULLY CREDITED TO THE STUDENT'S ACCOUNT WITHOUT REDUCING ACADEMIC SCHOLARSHIPS AND AWARDS OFFERED BY OTTAWA UNIVERSITY. ACTIVITY AWARDS ARE OFFERED TO STUDENTS PARTICIPATING IN SPECIFIC ACTIVITIES BASED ON A COMPETITIVE REVIEW BY THE GRANTING DEPARTMENT. ACTIVITY AWARDS ARE AVAILABLE IN MUSIC, ART, THEATRE, FORENSICS, AND DEBATE. ATHLETIC AWARDS ARE OFFERED ON THE BASIS OF AN EVALUATION BY THE COACH OF EACH SPORT. OTTAWA UNIVERSITY OFFERS NEED BASED GRANTS TO STUDENTS WHO DEMONSTRATE AN EXCEPTIONAL LEVEL OF NEED AND THE POTENTIAL TO SUCCEED. OTTAWA UNIVERSITY IS COMMITTED TO BEING A RESIDENTIAL CAMPUS. FINANCIAL AID AWARDS ARE OFFERED TO ENCOURAGE STUDENTS TO LIVE ON-CAMPUS. OTTAWA UNIVERSITY IS ABLE TO HELP STUDENTS MEET A SIGNIFICANT PORTION OF THE DIRECT COST OF EDUCATION THROUGH A COMBINATION OF RESOURCES. STUDENTS ARE HIGHLY ENCOURAGED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) TO DETERMINE ELIGIBILITY FOR ADDITIONAL GRANTS, WORK-STUDY PROGRAMS AND LOW-INTEREST LOANS. THE ADMINISTRATIVE SOFTWARE MONITORS FINANCIAL AID ON AN ONGOING BASIS FOR GRANTS, SCHOLARSHIPS AND OTHER AID THAT MAY BE PENDING, AWARDED, ETC. THIS INFORMATION IS THEN POSTED TO THE GENERAL LEDGER AS WELL FOR BALANCING/REPORTING PURPOSES.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS/GRANTS</TypeOfGrant>
        <NumberOfRecipients>615</NumberOfRecipients>
        <AmountOfCashGrant>7422695</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S.</Identifier>
        <ReturnReference>SCHEDULE I, PART I, LINE 2</ReturnReference>
        <Explanation>OTTAWA UNIVERSITY OFFERS ACADEMIC SCHOLARSHIPS AND AWARDS. ALL FUNDS ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, SERVICE TO COMMUNITY, LEADERSHIP AND INVOLVEMENT IN SCHOOL ACTIVITIES. ALL SCHOLARSHIPS AND AWARDS ARE OFFERED FOR FOUR YEARS OF STUDY FOR FRESHMAN AND UNTIL THE COMPLETION OF DEGREE REQUIREMENTS FOR TRANSFER STUDENTS. ALL STUDENTS MUST MEET THE STATED CRITERIA TO MAINTAIN ELIGIBILITY. GRANTS EARNED BY THE STUNDENT FROM EXTERNAL FUNDING SOURCES ARE FULLY CREDITED TO THE STUDENT'S ACCOUNT WITHOUT REDUCING ACADEMIC SCHOLARSHIPS AND AWARDS OFFERED BY OTTAWA UNIVERSITY. ACTIVITY AWARDS ARE OFFERED TO STUDENTS PARTICIPATING IN SPECIFIC ACTIVITIES BASED ON A COMPETITIVE REVIEW BY THE GRANTING DEPARTMENT. ACTIVITY AWARDS ARE AVAILABLE IN MUSIC, ART, THEATRE, FORENSICS, AND DEBATE. ATHLETIC AWARDS ARE OFFERED ON THE BASIS OF AN EVALUATION BY THE COACH OF EACH SPORT. OTTAWA UNIVERSITY OFFERS NEED BASED GRANTS TO STUDENTS WHO DEMONSTRATE ON EXCEPTIONAL LEVEL OF NEED AND THE POTENTIAL TO SUCCEED. OTTAWA UNIVERSITY IS COMMITTED TO BEING A RESIDENTIAL CAMPUS. FINANCIAL AID AWARDS ARE OFFERED TO ENCOURAGE STUDENTS TO LIVE ON-CAMPUS. OTTAWA UNIVERSITY IS ABLE TO HELP STUDENTS MEET A SIGNIFICANT PORTION OF THE DIRECT COST OF EDUCATION THROUGH A COMBINATION OF RESOURCES. STUDENTS ARE HIGHLY ENCOURAGED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) TO DETERMINE ELIGIBILITY FOR ADDITIONAL GRANTS, WORK-STUDY PROGRAMS AND LOW-INTEREST LOANS. THE ADMINISTRATIVE SOFTWARE MONITORS FINANCIAL AID ON AN ONGOING BASIS FOR GRANTS, SCHOLARSHIPS AND OTHER AID THAT MAY BE PENDING, AWARDED, ETC. THIS INFORMATION IS THEN POSTED TO THE GENERAL LEDGER AS WELL FOR BALANCING/REPORTING PURPOSES.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>KEVIN EICHNER</NamePerson>
        <BaseCompensationFilingOrg>433061</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>16852</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>16632</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>12692</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>479237</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DENNIS TYNER</NamePerson>
        <BaseCompensationFilingOrg>140710</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>6688</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>89894</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>237292</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BRIAN SANDUSKY</NamePerson>
        <BaseCompensationFilingOrg>189309</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>9062</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>20486</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>218857</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>TERREL HAINES</NamePerson>
        <BaseCompensationFilingOrg>147440</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7563</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>24612</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>179615</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>J CLARK RIBORDY</NamePerson>
        <BaseCompensationFilingOrg>190639</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>9625</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>22816</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>223080</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PAUL BEAN</NamePerson>
        <BaseCompensationFilingOrg>139596</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>6813</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>40580</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>186989</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BRIAN MESSER</NamePerson>
        <BaseCompensationFilingOrg>166955</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7125</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19921</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>194001</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RICHARD JOHNSON</NamePerson>
        <BaseCompensationFilingOrg>104602</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>5579</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>46886</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>157067</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE</Identifier>
        <ReturnReference>SCHEDULE J, PART I, LINE 1A</ReturnReference>
        <Explanation>OTTAWA UNIVERSITY PROVIDED KEVIN EICHNER, THE PRESIDENT OF THE ORGANIZATION, HOUSING. THE FAIR MARKET VALUE OF THE HOUSING WAS NOT INLCUDED IN HIS W-2 AS TAXABLE COMPENSATION BECAUSE IT QUALIFIED AS A NON TAXABLE BENEFIT.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES</Identifier>
        <ReturnReference>SCHEDULE J, PART I, LINE 1A</ReturnReference>
        <Explanation>OTTAWA UNIVERSITY PROVIDED KEVIN EICHNER, THE PRESIDENT OF THE ORGANIZATION, AND DENNIS TYNER, VICE PRESIDENT, MEMBERSHIP TO THE COUNTRY CLUB. THE COUNTRY CLUB DUES BENEFIT WAS INCLUDED IN THEIR W-2 AS TAXABLE COMPENSATION.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>KANSAS INDEPENDENT COLLEGE FINANCE</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>481233911</IssuerEIN>
        <CUSIPNumber>48526HRK4</CUSIPNumber>
        <DateIssued>2008-03-18</DateIssued>
        <IssuePrice>14725000</IssuePrice>
        <DescriptionOfPurpose>BUILDINGS</DescriptionOfPurpose>
        <Defeased>true</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>11210000</AmountBondDefeased>
        <TotalProceeds>14725000</TotalProceeds>
        <AmountInReserveFund>3042557</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>401351</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>11794950</WorkingCapitalExpenditures>
        <CapitalExpenditures>2930050</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>true</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>true</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>COMMERCE BANK</BusinessNameLine1>
        </NameOfGICProvider>
        <TermOfGIC>20.</TermOfGIC>
        <RegulatorySafeHarborSatisfied>true</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>SEE SCHEDULE L PART V</NamePerson>
        </NameOfInterestedPerson>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartV>
        <Identifier>BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS</Identifier>
        <ReturnReference>SCHEDULE L, PART IV</ReturnReference>
        <Explanation>(A) KAREN ADAMS (B) KAREN ADAMS IS THE SISTER OF KEVIN EICHNER, AN OFFICER OF OTTAWA UNIVERSITY (C) $82,661 (D) EMPLOYEE COMPENSATION (E) NO (A) JOEL WILLIAMS (B) JOEL WILLIAMS IS THE SON OF JOHN WILLIAMS, A TRUSTEE OF OTTAWA UNIVERSITY (C) $33,883 (D) EMPLOYEE COMPENSATION (E) NO (A) JOANNA WALTERS (B) JOANNA WALTERS IS THE DAUGHTER OF DR. STANLEY L BETTIN, A TRUSTEE OF OTTAWA UNIVERSITY (C) $109,986 (D) EMPLOYEE COMPENSATION (E) NO (A) BRYCE BETTIN (B) BRYCE BETTIN IS THE SON OF DR. STANLEY L BETTIN, A TRUSTEE OF OTTAWA UNIVERSITY (C) $74,626 (D) EMPLOYEE COMPENSATION (E) NO (A) WENDELL SMITH (B) WENDELL SMITH IS THE SON OF DR. WARREN SMITH, TRUSTEE OF OTTAWA UNIVERSITY (C) $52,331 (D) EMPLOYEE COMPENSATION (E) NO (A) RACHEL SMITH (B) RACHEL SMITH IS THE DAUGHTER-IN-LAW OF DR. WARREN SMITH, TRUSTEE OF OTTAWA UNIVERSITY (C) $38,730 (D) EMPLOYEE COMPENSATION (E) NO</Explanation>
      </Form990ScheduleLPartV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 1</ReturnReference>
        <Explanation>THE MISSION OF OTTAWA UNIVERSITY IS TO PROVIDE THE HIGHEST QUALITY LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CARING, CHRIST-CENTERED COMMUNITY OF GRACE WHICH INTEGRATES FAITH, LEARNING AND LIFE. THE UNIVERSITY SERVES STUDENTS OF TRADITIONAL AGE, ADULT LEARNERS AND ORGANIZATIONS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990 REVIEW PROCESS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11B</ReturnReference>
        <Explanation>AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. OTTAWA UNIVERSITY'S AUDIT COMMITTEE, OFFICERS, AND DIRECTOR OF FINANCE/CONTROLLER REVIEW THE 990. A PUBLIC DISCLOSURE COPY OF THE 990, EXCLUDING COMPENSATION INFORMATION, IS THEN DISTRIBUTED TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>MONITORING THE CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY IS MONITORED ON AN ANNUAL BASIS. ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN IT ANNUALLY. CURRENTLY, THE HUMAN RESOURCES DEPARTMENT MANAGES THE POLICY AND ANY CONFLICTS THAT MAY ARISE. IT IS THE DUTY OF THE AUDIT COMMITTEE TO DETERMINE IF THERE IS A CONFLICT OF INTEREST. IF THE COMMITTEE DETERMINES A CONFLICT EXISTS, THE BOARD MEMBERS INVOLVED IN THE CONFLICT WILL DISMISS THEMSELVES FROM MEETINGS AND/OR ABSTAIN FROM VOTING DURING DISCUSSIONS OF ISSUES THAT RELATE TO THESE SPECIFIC MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION REVIEW</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINES 15A &amp; B</ReturnReference>
        <Explanation>The Management Review Committee of Ottawa University, which includes the Chairman of the Board, performs a review of the Chief Executive Officer's compensation annually utilizing resources deemed necessary but not limited to: 1) comparable market research data, 2) Chief Financial Officer input and, 3) legal counsel assistance. The compensation review and approval process is documented in the committee minutes. THE PRESIDENT OF THE UNIVERSITY AND THE HUMAN RESOURCES DIRECTOR USE COMPARABLE DATA TO REVIEW COMPENSATION FOR ALL OTHER OFFICERS OF THE ORGANIZATION AS WELL AS KEY EMPLOYEES WHEN THE INDIVIDUALS ARE HIRED AND ON AN ANNUAL BASIS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AVAILABILITY OF DOCUMENTS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATION OF NET ASSETS</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>NET UNREALIZED LOSS ON INVESTMENTS $( 253,594) NET DEFERRED FUTURE LIAB. ADJ. $( 50,348) ------------ TOTAL $( 303,942) ============</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>OTTAWA INVESTMENT MANAGEMENT SERVICES</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1001 S CEDAR 20</AddressLine1>
          <City>OTTAWA</City>
          <State>KS</State>
          <ZIPCode>66067</ZIPCode>
        </AddressUS>
        <EIN>480543772</EIN>
        <PrimaryActivities>INVESTMENT</PrimaryActivities>
        <LegalDomicileState>KS</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>0</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>OTTAWA U</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>STOUT TW</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>MT INVESTMENT GROUP PO BOX 1377</AddressLine1>
          <City>BUFFALO</City>
          <State>NY</State>
          <ZIPCode>14240</ZIPCode>
        </AddressUS>
        <PrimaryActivity>TRUST</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>OTTAWA U</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>TRUST</TypeOfEntity>
        <ShareOfTotalIncome>0</ShareOfTotalIncome>
        <ShareOfEOYAssets>982413</ShareOfEOYAssets>
        <PercentageOwnership>0.80000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>HENDERSON &amp; SARAH MARTIN TRUST</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US BANK 900 MASSACHUSETTS STREET</AddressLine1>
          <City>LAWRENCE</City>
          <State>KS</State>
          <ZIPCode>66044</ZIPCode>
        </AddressUS>
        <EIN>486235096</EIN>
        <PrimaryActivity>TRUST</PrimaryActivity>
        <LegalDomicileState>KS</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>OTTAWA U</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>TRUST</TypeOfEntity>
        <ShareOfTotalIncome>0</ShareOfTotalIncome>
        <ShareOfEOYAssets>404667</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>BELVIN SCHOL</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>BAPTIST FDN OF OK 3800 N MAY AVE</AddressLine1>
          <City>OKLAHOMA CITY</City>
          <State>OK</State>
          <ZIPCode>73112</ZIPCode>
        </AddressUS>
        <EIN>730623038</EIN>
        <PrimaryActivity>TRUST</PrimaryActivity>
        <LegalDomicileState>OK</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>OTTAWA U</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>TRUST</TypeOfEntity>
        <ShareOfTotalIncome>0</ShareOfTotalIncome>
        <ShareOfEOYAssets>22373</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>CHARITABLE REMAINDER ANNUITY TRUST (1)</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>CRAT</PrimaryActivity>
        <LegalDomicileState>PA</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>OTTAWA U</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>TRUST</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>