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      <OfficeExpenses>
        <Total>113396</Total>
        <ProgramServices>104304</ProgramServices>
        <Fundraising>9092</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>14365</Total>
        <ProgramServices>14365</ProgramServices>
      </InformationTechnology>
      <Occupancy>
        <Total>330090</Total>
        <ProgramServices>228040</ProgramServices>
        <ManagementAndGeneral>26038</ManagementAndGeneral>
        <Fundraising>76012</Fundraising>
      </Occupancy>
      <Travel>
        <Total>21546</Total>
        <ProgramServices>21546</ProgramServices>
      </Travel>
      <ConferencesMeetings>
        <Total>11273</Total>
        <ProgramServices>11273</ProgramServices>
      </ConferencesMeetings>
      <Interest>
        <Total>265202</Total>
        <ProgramServices>232051</ProgramServices>
        <ManagementAndGeneral>26521</ManagementAndGeneral>
        <Fundraising>6630</Fundraising>
      </Interest>
      <DepreciationDepletion>
        <Total>717023</Total>
        <ProgramServices>627394</ProgramServices>
        <ManagementAndGeneral>71703</ManagementAndGeneral>
        <Fundraising>17926</Fundraising>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>BAD DEBT - F/R</Description>
        <Total>1043625</Total>
        <Fundraising>1043625</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>HOT LUNCH EXPENSE</Description>
        <Total>159259</Total>
        <ProgramServices>159259</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EXTRACURRICULAR EXPENSE</Description>
        <Total>122258</Total>
        <ProgramServices>122258</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>JANITOR SUPPLIES</Description>
        <Total>35766</Total>
        <ProgramServices>35766</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BOOSTER EXPENSE</Description>
        <Total>35554</Total>
        <Fundraising>35554</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>157083</Total>
        <ProgramServices>91844</ProgramServices>
        <ManagementAndGeneral>16238</ManagementAndGeneral>
        <Fundraising>49001</Fundraising>
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        <Fundraising>1383409</Fundraising>
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        <EOY>382996</EOY>
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        <BOY>3220048</BOY>
        <EOY>1126491</EOY>
      </TaxExemptBondLiabilities>
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        <BOY>1602500</BOY>
        <EOY>2500</EOY>
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        <EOY>14414</EOY>
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      <TotalLiabilities>
        <BOY>5108573</BOY>
        <EOY>1442947</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TemporarilyRestrictedNetAssets>
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      <PermanentlyRestrictedNetAssets>
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        <EOY>10455</EOY>
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        <EOY>16808245</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>19658478</BOY>
        <EOY>18251192</EOY>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
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      <School170b1Aii>X</School170b1Aii>
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        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <DisclosedForCharitablePurposes>false</DisclosedForCharitablePurposes>
      <WrittenPolicyMonitoring>false</WrittenPolicyMonitoring>
      <Sect170hRequirementsSatisfied>false</Sect170hRequirementsSatisfied>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
      <CurrentYear>
        <BeginningOfYearBalance>354271</BeginningOfYearBalance>
        <Contributions>5818</Contributions>
        <InvestmentEarningsOrLosses>36426</InvestmentEarningsOrLosses>
        <OtherExpenditures>18106</OtherExpenditures>
        <EndOfYearBalance>378409</EndOfYearBalance>
      </CurrentYear>
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        <BeginningOfYearBalance>344957</BeginningOfYearBalance>
        <Contributions>1160</Contributions>
        <InvestmentEarningsOrLosses>24574</InvestmentEarningsOrLosses>
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        <EndOfYearBalance>354271</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>181481</BeginningOfYearBalance>
        <Contributions>197498</Contributions>
        <InvestmentEarningsOrLosses>-24325</InvestmentEarningsOrLosses>
        <OtherExpenditures>9697</OtherExpenditures>
        <EndOfYearBalance>344957</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>1.00000</BoardDesignatedEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>705878</OtherCostOrOtherBasis>
        <BookValue>705878</BookValue>
      </Land>
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        <OtherCostOrOtherBasis>17485908</OtherCostOrOtherBasis>
        <Depreciation>2297822</Depreciation>
        <BookValue>15188086</BookValue>
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      <Equipment>
        <OtherCostOrOtherBasis>1799948</OtherCostOrOtherBasis>
        <Depreciation>1119016</Depreciation>
        <BookValue>680932</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>16574896</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>OTHER ACCRUED EXPENSES</Description>
        <Amount>13061</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAFETERIA MEDICAL REIMB ELECTIO</Description>
        <Amount>1199</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAFETERIA DAYCARE ELECTION</Description>
        <Amount>154</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAFETERIA GROUP INSURANCE ELEC</Description>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAPITAL CAMPAIGN DEDUCTIONS</Description>
      </OtherLiabilities>
      <TotalOfAmounts>14414</TotalOfAmounts>
      <TotalRevenue>9218235</TotalRevenue>
      <TotalExpenses>6974134</TotalExpenses>
      <ExcessOrDeficitForYear>2244101</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>14239</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>14239</TotalAdjustments>
      <ExcessOrDeficitPerFS>2258340</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>9246768</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>14239</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>14294</DonatedSrvcAndUseOfFacilities>
      <RevenueNotRptdF990>28533</RevenueNotRptdF990>
      <RevenueSubtotal>9218235</RevenueSubtotal>
      <TotalRevenuePerForm990>9218235</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>6988428</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>14294</DonatedServicesUseOfFacilities>
      <ExpensesNotRptdF990>14294</ExpensesNotRptdF990>
      <ExpensesSubtotal>6974134</ExpensesSubtotal>
      <TotalExpensesPerForm990>6974134</TotalExpensesPerForm990>
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    <IRS990ScheduleE documentId="RetDoc6">
      <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>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>DISTRICT FUNDS FOR BOOKS AND TITLE MONIES ERATE FUNDING FROM USAC HOT LUNCH COMMODITIES AND SUBSIDY PAYMENTS FROM THE STATE</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc7">
      <EventsInformation>
        <NameOfEvent1>GOLF-AID</NameOfEvent1>
        <GrossReceiptsEvent1>65170</GrossReceiptsEvent1>
        <GrossRevenueEvent1>65170</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>13850</OtherDirectExpensesEvent1>
        <NameOfEvent2>MASTER'S TOUCH</NameOfEvent2>
        <GrossReceiptsEvent2>54676</GrossReceiptsEvent2>
        <GrossRevenueEvent2>54676</GrossRevenueEvent2>
        <TotalNumberOfOtherEvents>2</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>53971</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>53971</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>12049</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>173817</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>173817</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>25899</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>25899</DirectExpenseSummaryEvents>
        <NetIncomeSummary>147918</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc8">
      <RecordsMaintained>false</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNIVERSITY OF SIOUX FALLS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1101 W 22ND STREET</AddressLine1>
          <City>SIOUX FALLS</City>
          <State>SD</State>
          <ZIPCode>57105</ZIPCode>
        </AddressUS>
        <EINOfRecipient>460224600</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>150000</AmountOfCashGrant>
        <PurposeOfGrant>ATHLETIC FACILITY</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
    </IRS990ScheduleI>
    <IRS990ScheduleK documentId="RetDoc9">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>LINCOLN COUNTY SOUTH DAKOTA REV B</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2004-01-01</DateIssued>
        <IssuePrice>2500000</IssuePrice>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>false</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>true</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc10">
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>162467</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>THRIFT STORE RESALEABLE</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <FoodInventory>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>15592</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>GOVERNMENT PROVIDED</MethodOfDeterminingRevenues>
      </FoodInventory>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>E-RATE FUNDING</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>5005</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>VENDOR PROVIDED</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>WALKIE TALKIES</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>2500</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>GOVERNMENT PROVIDED</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc11">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>TO ESTABLISH AND MAINTAIN A CHRIST-CENTERED PROGRAM OF PRE-KINDERGARTEN, ELEMENTARY, MIDDLE, AND SECONDARY EDUCATION IN WHICH INSTRUCTION SHALL BE PROVIDED IN ACCORDANCE WITH THE RELIGIOUS AND OTHER PRINCIPLES SET FORTH IN SIOUX FALLS CHRISTIAN SCHOOLS ASSOCIATION'S CONSTITUTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>MEMBERS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>EVERY PERSON MEETING THE FOLLOWING REQUIREMENTS SHALL BE A MEMBER OF THE ASSOCIATION: EITHER (1) EIGHTEEN YEARS OF AGE OR OLDER IN AGREEMENT WITH THE CONSTITUTION OF THE ASSOCIATION AS ADOPTED BY THE SCHOOL BOARD; AND A PARENT OF A STUDENT ATTENDING OR WHOM FORMALLY ATTENDED SIOUX FALLS CHRISTIAN SCHOOLS; OR (2) A SUCCESSFUL APPLICANT. THE ASSOCIATION HAS ONE CLASS OF VOTING MEMBERSHIP. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DECISIONS SUBJECT TO APPROVAL OF MEMBERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7B</ReturnReference>
        <Explanation>ELECTION OF SCHOOL BOARD MEMBERS, APPROVAL OF THE ASSOCIATION'S ANNUAL BUDGET, AND ANY OTHER BUSINESS THAT MAY PROPERLY COME BEFORE THE MEMBERS AT THE ANNUAL MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>A DRAFT COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE ORGANIZATION'S PAID PREPARER IS THEN AVAILABLE FOR QUESTIONS OR COMMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY RESTS ON THE FOLLOWING PRINCIPLES: A) THE BOARD OF DIRECTORS BEARS THE ULTIMATE RESPONSIBILITY FOR DETERMINING THAT A PROPOSED TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, ALTHOUGH IT MAY BENEFIT A BOARD MEMBER, MEMBER OF THE MANAGEMENT STAFF, OR MEMBER OF THE PROFESSIONAL STAFF. B) DISCLOSURE OF PERSONAL FINANCIAL INTERESTS TO THE BOARD IS ESSENTIAL TO ITS PERFORMANCE OF THIS TASK. C) A PERSON HAVING A PERSONAL FINANCIAL INTEREST SHOULD NOT PARTICIPATE IN THE APPROVAL OF A PROPOSED TRANSACTION, UNLESS HIS/HER JUDGMENT OR EXPERTISE IS NECESSARY TO THE DISINTERESTED BOARD MEMBER'S CONSIDERATION OF THE TRANSACTION. D) A TRANSACTION SHOULD NOT BE AVOIDED SOLELY BECAUSE IT WILL BENEFIT A PERSON ASSOCIATED WITH SFCS IF IT IS OTHERWISE IN SFCS'S BEST INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE OF THE SCHOOL BOARD DETERMINES THE SUPERINDENDENT'S COMPENSATION. JOB PERFORMANCE IS CONSIDERED AS WELL AS COMPARABILITY DATA FROM THE PUBLIC SCHOOL SYSTEM AND CHRISTIAN SCHOOLS INTERNATIONAL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>