﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-11-08T09:23:46-06:00</Timestamp>
    <TaxPeriodEndDate>2012-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>205711238</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ADELSON MOYNIHAN KOWALCZYK PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>100 NORTH ST</AddressLine1>
        <City>PITTSFIELD</City>
        <State>MA</State>
        <ZIPCode>01201</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>042219425</EIN>
      <Name>
        <BusinessNameLine1>BUXTON SCHOOLINC</BusinessNameLine1>
      </Name>
      <NameControl>BUXT</NameControl>
      <Phone>4134583919</Phone>
      <USAddress>
        <AddressLine1>291 SOUTH STREET</AddressLine1>
        <City>WILLIAMSTOWN</City>
        <State>MA</State>
        <ZIPCode>01267</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>C WILLIAM BENNETT</Name>
      <Title>CO-DIRECTOR, TRUSTEE</Title>
      <Phone>4134583919</Phone>
      <DateSigned>2012-10-26</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>RICHARD F LAFLECHE CPA</Name>
      <PTIN>P00097027</PTIN>
      <Phone>4134436408</Phone>
      <DatePrepared>2012-10-26</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>C WILLIAM BENNETT</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>291 SOUTH STREET</AddressLine1>
        <City>WILLIAMSTOWN</City>
        <State>MA</State>
        <ZIPCode>01267</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>4862057</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.BUXTONSCHOOL.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1950</YearFormation>
      <StateLegalDomicile>MA</StateLegalDomicile>
      <ActivityOrMissionDescription>TO PROVIDE EDUCATION OF SECONDARY SCHOOL STUDENTS</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>19</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>15</NbrIndependentVotingMembers>
      <TotalNbrEmployees>62</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>526550</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>354711</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>3508393</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>3839959</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>212113</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>138503</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>0</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>4247056</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>4333173</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>1385400</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>1837827</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>1684056</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>1730246</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>146077</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>948475</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>937060</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>4017931</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>4505133</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>229125</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-171960</RevenuesLessExpensesCY>
      <TotalAssetsBOY>6900060</TotalAssetsBOY>
      <TotalAssetsEOY>6910083</TotalAssetsEOY>
      <TotalLiabilitiesBOY>1909551</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>2124181</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>4990509</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>4785902</NetAssetsOrFundBalancesEOY>
      <MissionDescription>TO PROVIDE EDUCATION OF SECONDARY SCHOOL STUDENTS</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>3922704</Expense>
      <Revenue>3904912</Revenue>
      <Description>TEACHING AND STUDENT ACTIVITIES, OPERATION OF A SECONDARY SCHOOL TO ASSIST IN THE OVERALL DEVELOPMENT OF STUDENTS INCLUDING KITCHEN &amp; OPERATIONS FACILITY EXPENSES IN SUPPORT OF THE TEACHING AND STUDENT ACTIVITIES PROGRAM</Description>
      <TotalProgramServiceExpense>3922704</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">1</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">0</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">0</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">0</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">0</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc1040400001">1</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>0</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc1041900001">0</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc1041900001">1</GrantsToIndividuals>
      <ScheduleJRequired>0</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <ExcessBenefitTransaction>0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>0</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>30</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>1</ComplianceWithBackupWitholding>
      <NumberOfEmployees>62</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>0</FundsToPayPremiums>
      <PremiumsPaid>0</PremiumsPaid>
      <Form8899Filed>0</Form8899Filed>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>19</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>15</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>1</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>1</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>0</CompensationProcessCEO>
      <CompensationProcessOther>0</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>MA</StatesWhereCopyOfReturnIsFiled>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>CORPORATION</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>4134583919</TelephoneNumber>
        <AddressUS>
          <AddressLine1>291 SOUTH ST WILLIAMSTOWN MA</AddressLine1>
          <City>WILLIAMSTOWN</City>
          <State>MA</State>
          <ZIPCode>01267</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>B GRAEME FINCKE MD</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>NANCY E GLOWA ESQ</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ISAAC ZAUR</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SUSAN MERRETT</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIANA HITT POTTER</NamePerson>
        <Title>CLERK</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANDREA CURRIER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RUTH DUELL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KESTER HODGE</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EDWARD W MARTIN MD</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALEX MATISSE</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>NANCY NEWBERGER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HORATIO R POTTER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>AMANDA ROSS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ELAINE STANGLAND</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARCO WILLIAMS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>C WILLIAM BENNETT</NamePerson>
        <Title>CO-DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>75470</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>15711</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FRANNY SHUKER-HAINES</NamePerson>
        <Title>ASSOCIATE DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>50000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>18391</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PETER SMITH</NamePerson>
        <Title>CO-DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>60000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>20516</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CARMEN WELTON</NamePerson>
        <Title>FACULTY TRUSTEE</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>26000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>15427</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>211470</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>70045</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>354711</AllOtherContributions>
      <NoncashContributions>8775</NoncashContributions>
      <TotalContributions>354711</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>3663157</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3663157</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>ACTIVITY FEES</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>155555</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>155555</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>BOOK REVENUE</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>21247</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>21247</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>3839959</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>138409</TotalRevenueColumn>
        <ExclusionAmount>138409</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Securities>528978</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>528884</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>94</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>94</TotalRevenueColumn>
        <ExclusionAmount>94</ExclusionAmount>
      </NetGainOrLossInvestments>
      <TotalRevenue>
        <TotalRevenueColumn>4333173</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3839959</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>138503</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>1837827</Total>
        <ProgramServices>1837827</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>281515</Total>
        <ProgramServices>281515</ProgramServices>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>1080009</Total>
        <ProgramServices>817110</ProgramServices>
        <ManagementAndGeneral>187899</ManagementAndGeneral>
        <Fundraising>75000</Fundraising>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>269756</Total>
        <ProgramServices>200585</ProgramServices>
        <ManagementAndGeneral>49438</ManagementAndGeneral>
        <Fundraising>19733</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>98966</Total>
        <ProgramServices>78820</ProgramServices>
        <ManagementAndGeneral>14399</ManagementAndGeneral>
        <Fundraising>5747</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>11033</Total>
        <ManagementAndGeneral>11033</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>16000</Total>
        <ManagementAndGeneral>16000</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesInvstMgmntFees>
        <Total>28386</Total>
        <ManagementAndGeneral>28386</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <Advertising>
        <Total>63808</Total>
        <ProgramServices>36320</ProgramServices>
        <ManagementAndGeneral>11082</ManagementAndGeneral>
        <Fundraising>16406</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>54565</Total>
        <ProgramServices>9643</ProgramServices>
        <ManagementAndGeneral>34581</ManagementAndGeneral>
        <Fundraising>10341</Fundraising>
      </OfficeExpenses>
      <Occupancy>
        <Total>241562</Total>
        <ProgramServices>241562</ProgramServices>
      </Occupancy>
      <Interest>
        <Total>30995</Total>
        <ProgramServices>7</ProgramServices>
        <ManagementAndGeneral>30988</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>129211</Total>
        <ProgramServices>129211</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>33867</Total>
        <ProgramServices>2103</ProgramServices>
        <ManagementAndGeneral>31764</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>FOOD &amp; KITCHEN SUPPLIES</Description>
        <Total>142125</Total>
        <ProgramServices>142125</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TEACHING &amp; STUDENT ACTI</Description>
        <Total>126272</Total>
        <ProgramServices>126272</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE</Description>
        <Total>21363</Total>
        <ProgramServices>12937</ProgramServices>
        <ManagementAndGeneral>5471</ManagementAndGeneral>
        <Fundraising>2955</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BOARD EXPENSES</Description>
        <Total>9955</Total>
        <ManagementAndGeneral>6019</ManagementAndGeneral>
        <Fundraising>3936</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>27918</Total>
        <ProgramServices>6667</ProgramServices>
        <ManagementAndGeneral>9292</ManagementAndGeneral>
        <Fundraising>11959</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>4505133</Total>
        <ProgramServices>3922704</ProgramServices>
        <ManagementAndGeneral>436352</ManagementAndGeneral>
        <Fundraising>146077</Fundraising>
      </TotalFunctionalExpenses>
      <JointCosts>X</JointCosts>
      <SavingsAndTempCashInvestments>
        <BOY>252677</BOY>
        <EOY>49130</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>56428</BOY>
        <EOY>35672</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>708688</BOY>
        <EOY>971388</EOY>
      </AccountsReceivable>
      <InventoriesForSaleOrUse>
        <BOY>9463</BOY>
        <EOY>8391</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>14780</BOY>
        <EOY>19864</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>5344671</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>2095644</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>2927016</BOY>
        <EOY>3249027</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>2798940</BOY>
        <EOY>2459887</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>132068</BOY>
        <EOY>116724</EOY>
      </InvestmentsOtherSecurities>
      <TotalAssets>
        <BOY>6900060</BOY>
        <EOY>6910083</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>103003</BOY>
        <EOY>10780</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>1306548</BOY>
        <EOY>1322507</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>500000</BOY>
        <EOY>790894</EOY>
      </MortNotesPyblSecuredInvestProp>
      <TotalLiabilities>
        <BOY>1909551</BOY>
        <EOY>2124181</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>3369371</BOY>
        <EOY>3438485</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>1018809</BOY>
        <EOY>727482</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>602329</BOY>
        <EOY>619935</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>4990509</BOY>
        <EOY>4785902</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>6900060</BOY>
        <EOY>6910083</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-171960</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-32647</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <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="RetDoc1040000001">
      <CurrentYear>
        <BeginningOfYearBalance>602329</BeginningOfYearBalance>
        <Contributions>12205</Contributions>
        <InvestmentEarningsOrLosses>14501</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>9100</GrantsOrScholarships>
        <EndOfYearBalance>619935</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>476992</BeginningOfYearBalance>
        <Contributions>32000</Contributions>
        <InvestmentEarningsOrLosses>102437</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>9100</GrantsOrScholarships>
        <EndOfYearBalance>602329</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>441092</BeginningOfYearBalance>
        <Contributions>22000</Contributions>
        <InvestmentEarningsOrLosses>23000</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>9100</GrantsOrScholarships>
        <EndOfYearBalance>476992</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>502257</BeginningOfYearBalance>
        <Contributions>2000</Contributions>
        <InvestmentEarningsOrLosses>-54065</InvestmentEarningsOrLosses>
        <OtherExpenditures>9100</OtherExpenditures>
        <EndOfYearBalance>441092</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <PermanentEndowmentEOYBalance>1.00000</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>199000</OtherCostOrOtherBasis>
        <BookValue>199000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>4654938</OtherCostOrOtherBasis>
        <Depreciation>1727413</Depreciation>
        <BookValue>2927525</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>240669</OtherCostOrOtherBasis>
        <Depreciation>165004</Depreciation>
        <BookValue>75665</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>250064</OtherCostOrOtherBasis>
        <Depreciation>203227</Depreciation>
        <BookValue>46837</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>3249027</TotalOfBookValueLandBuildings>
      <TotalRevenue>4333173</TotalRevenue>
      <TotalExpenses>4505133</TotalExpenses>
      <ExcessOrDeficitForYear>-171960</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-32647</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-32647</TotalAdjustments>
      <ExcessOrDeficitPerFS>-204607</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>2434313</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-32647</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>-32647</RevenueNotRptdF990>
      <RevenueSubtotal>2466960</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>28386</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>1837827</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1866213</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>4333173</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2638920</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>2638920</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>28386</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>1837827</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1866213</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>4505133</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>THE ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE RESTRICTIONS INCLUDE SCHOLARSHIPS, FACULTY ENRICHMENT AND GENERAL ENDOWMENT.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>SCHOLARSHIPS GRANTED TO STUDENTS 1,837,827.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>SCHOLARSHIPS GRANTED TO STUDENTS 1,837,827.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>0</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>THE SCHOOL DRAWS A SUBSTANIAL PERCENTAGE OF ITS STUDENTS FROM THE NORTHEAST SECTION OF THE NATION. THE SCHOOL FOLLOWS A RACIAL NONDISCRIMINATORY POLICY AND COMPLIES WITH SECTION 4.02</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS BASED ON NEED</TypeOfGrant>
        <NumberOfRecipients>48</NumberOfRecipients>
        <AmountOfNonCashAssistance>1823350</AmountOfNonCashAssistance>
        <MethodOfValuation>STANDARD SCHOOL TUITION</MethodOfValuation>
        <DescriptionOfNonCashAssistance>TUITION CREDIT</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 2</ReturnReference>
        <Explanation>DIANA HITT POTTER, CLERK AND TRUSTEE, IS MOTHER TO HORATIO R. POTTER, TRUSTEE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>A COPY OF THE 990 WILL BE DISTRIBUTED TO ALL BOARD MEMBERS FOR APPROVAL PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>EACH DIRECTOR, BOARD MEMBER, OFFICER, EMPLOYEE AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THEY HAVE RECIEVED, UNDERSTAND AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON OR MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT SHALL INVESTIGATE THE POSSIBLE CONFLICT AND HAS THE AUTHORITY UNDER THE POLICY TO TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -32,647.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>