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        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Dr Lynwood Randolph</NamePerson>
        <Title>Trustee</Title>
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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
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        <NamePerson>Dr David J Fine</NamePerson>
        <Title>Trustee</Title>
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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <TotalOtherCompensation>116000</TotalOtherCompensation>
      <NumberIndividualsGT100K>2</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
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      <TotalContributions>2381306</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition</Description>
        <TotalRevenueColumn>466359</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>466359</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Auxiliary and Misc.</Description>
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        <RelatedOrExemptFunctionIncome>47770</RelatedOrExemptFunctionIncome>
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        <TotalRevenueColumn>452064</TotalRevenueColumn>
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      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
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        <TotalRevenueColumn>845706</TotalRevenueColumn>
        <ExclusionAmount>845706</ExclusionAmount>
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      <RentalIncomeOrLoss>
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      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
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        <ExclusionAmount>412608</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
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      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
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      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
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        <TotalRevenueColumn>9771</TotalRevenueColumn>
        <ExclusionAmount>9771</ExclusionAmount>
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      <TotalOtherRevenue>0</TotalOtherRevenue>
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        <TotalRevenueColumn>4615584</TotalRevenueColumn>
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      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>207334</Total>
        <ManagementAndGeneral>207334</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>2149332</Total>
        <ProgramServices>1374232</ProgramServices>
        <ManagementAndGeneral>487783</ManagementAndGeneral>
        <Fundraising>287317</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>239795</Total>
        <ProgramServices>145781</ProgramServices>
        <ManagementAndGeneral>71680</ManagementAndGeneral>
        <Fundraising>22334</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
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        <ProgramServices>284362</ProgramServices>
        <ManagementAndGeneral>105954</ManagementAndGeneral>
        <Fundraising>39199</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>156664</Total>
        <ProgramServices>91948</ProgramServices>
        <ManagementAndGeneral>44903</ManagementAndGeneral>
        <Fundraising>19813</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>80280</Total>
        <ProgramServices>16056</ProgramServices>
        <ManagementAndGeneral>60210</ManagementAndGeneral>
        <Fundraising>4014</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>21800</Total>
        <ProgramServices>4360</ProgramServices>
        <ManagementAndGeneral>16350</ManagementAndGeneral>
        <Fundraising>1090</Fundraising>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>101530</Total>
        <ProgramServices>81224</ProgramServices>
        <ManagementAndGeneral>20306</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>0</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>55108</Total>
        <ProgramServices>2755</ProgramServices>
        <ManagementAndGeneral>13777</ManagementAndGeneral>
        <Fundraising>38576</Fundraising>
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      <OfficeExpenses>
        <Total>111818</Total>
        <ProgramServices>72295</ProgramServices>
        <ManagementAndGeneral>28224</ManagementAndGeneral>
        <Fundraising>11299</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
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        <ProgramServices>34606</ProgramServices>
        <ManagementAndGeneral>3051</ManagementAndGeneral>
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      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
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        <ProgramServices>340049</ProgramServices>
        <ManagementAndGeneral>74837</ManagementAndGeneral>
        <Fundraising>18710</Fundraising>
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      <Travel>
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        <ProgramServices>24033</ProgramServices>
        <ManagementAndGeneral>25946</ManagementAndGeneral>
        <Fundraising>2580</Fundraising>
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      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>104316</Total>
        <ProgramServices>20863</ProgramServices>
        <ManagementAndGeneral>78237</ManagementAndGeneral>
        <Fundraising>5216</Fundraising>
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      <PaymentsToAffiliates>
        <Total>0</Total>
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      <DepreciationDepletion>
        <Total>450799</Total>
        <ProgramServices>338099</ProgramServices>
        <ManagementAndGeneral>90160</ManagementAndGeneral>
        <Fundraising>22540</Fundraising>
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      <Insurance>
        <Total>0</Total>
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      <OtherExpenses>
        <Description>Workgrants</Description>
        <Total>226718</Total>
        <ProgramServices>189760</ProgramServices>
        <ManagementAndGeneral>29855</ManagementAndGeneral>
        <Fundraising>7103</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student recruitment &amp; services</Description>
        <Total>81489</Total>
        <ProgramServices>47555</ProgramServices>
        <ManagementAndGeneral>11745</ManagementAndGeneral>
        <Fundraising>22189</Fundraising>
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      <OtherExpenses>
        <Description>Special course expenses</Description>
        <Total>49861</Total>
        <ProgramServices>49861</ProgramServices>
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      <OtherExpenses>
        <Description>Miscellaneous</Description>
        <Total>61687</Total>
        <ProgramServices>55080</ProgramServices>
        <ManagementAndGeneral>5348</ManagementAndGeneral>
        <Fundraising>1259</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Entertainment &amp; travel</Description>
        <Total>61984</Total>
        <ProgramServices>28151</ProgramServices>
        <ManagementAndGeneral>13341</ManagementAndGeneral>
        <Fundraising>20492</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>269732</Total>
        <ProgramServices>211140</ProgramServices>
        <ManagementAndGeneral>36026</ManagementAndGeneral>
        <Fundraising>22566</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>5383574</Total>
        <ProgramServices>3412210</ProgramServices>
        <ManagementAndGeneral>1425067</ManagementAndGeneral>
        <Fundraising>546297</Fundraising>
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      <CashNonInterestBearing>
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        <EOY>255722</EOY>
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      <SavingsAndTempCashInvestments>
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        <EOY>438536</EOY>
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        <EOY>632832</EOY>
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        <EOY>83308</EOY>
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        <EOY>140991</EOY>
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        <EOY>40368</EOY>
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      <LandBuildingsEquipmentBasis>16671302</LandBuildingsEquipmentBasis>
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      <InvestmentsOtherSecurities>
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      <InvestmentsProgramRelated>
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      <IntangibleAssets>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>35611133</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-767990</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>3989798</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
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      <School170b1Aii>X</School170b1Aii>
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      <ContributorInfo>
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          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <Contributions>124193</Contributions>
        <EndOfYearBalance>18542078</EndOfYearBalance>
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      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>17379672</BeginningOfYearBalance>
        <Contributions>1038213</Contributions>
        <EndOfYearBalance>18417885</EndOfYearBalance>
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      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>17336491</BeginningOfYearBalance>
        <Contributions>38965</Contributions>
        <InvestmentEarningsOrLosses>4216</InvestmentEarningsOrLosses>
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      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
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        <BookValue>10407979</BookValue>
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        <Depreciation>1271644</Depreciation>
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        <Amount>6624</Amount>
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      <OtherLiabilities>
        <Description>Agency funds</Description>
        <Amount>92061</Amount>
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      <RevenueSubtotal>4615584</RevenueSubtotal>
      <TotalRevenuePerForm990>4615584</TotalRevenuePerForm990>
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        <ReturnReference>Part XIII, Line 2d: Other expenses and losses per audited F/S</ReturnReference>
        <Explanation>Cost of goods sold - bookstore $69176</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
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        <ReturnReference>Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990</ReturnReference>
        <Explanation>Cost of goods sold - bookstore $69176</Explanation>
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    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="10000105" softwareVersion="2010v3.2">
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      <PolicyPublViaBroadcastMedia>false</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
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      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
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        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>The Seminary of the Southwest has not publicized its racially non-discriminatory policy because it has never advertised or solicited for students through either of these media. Recruitment of students is passive in that the Seminary responds to requests for information and applications from prospective students. The Seminary does maintain a strong policy on non-discrimination. This policy is published annually in the school catalog.</Explanation>
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      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
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      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
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      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
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        <ReturnReference>Part I, Line 1a: Relevant information in regards to selections on 1a.</ReturnReference>
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        <NamePerson>William M Bennet</NamePerson>
        <PurposeOfLoan>Former Dean - mortg.</PurposeOfLoan>
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        <OriginalPrincipalAmount>150000</OriginalPrincipalAmount>
        <BalanceDue>83308</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
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    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="10000105" softwareVersion="2010v3.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Upon written request, these documents will be made available for public inspection.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>The Seminary's process for determining compensation includes the collection of comparable data (comparable positions of comparable organizations obtained from published salary survey reports and Form 990's of other organizations) that is reviewed and discussed by the Board of Trustees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>All Trustees are advised of the Conflict of Interest Policy annually at each November meeting of the Board of Trustees and execute an aknowledgement of the policy at that time.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>Form 990 is reviewed by both the audit committee and the finance/budget committee prior to filing.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>